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What instruments would you recommend if ES is too hard? thanks, Walt

Listen to him guys, this is invaluable information... Also, kudos to Scataphagos for persistently proclaiming the TRUTH!!! Walt

I was about to ask if you meant sh @ "84.32" instead of "83.32". I'm currently short at 84.30 after initially going long at 84.30. When I was long at 84.30, I moved my stop to b/e at 84.41, then quickly readjusted to 84.35. My first trade was long at 84.14, which was stopped out at 84.29...

Did you get stopped-out, or were you able to move your stop to b/e before the price hit 83.87? I guess it's also possible that you could have dismissed your plan and remain in the trade; however, a fundamental criteria of most successful traders I know is the ability to adhere to the plan in a...

Is ninjatrader currently compatible with Sterling? If not, will v.7 allow me to use it with Sterling? thanks, Walt

Hi Nightrate, Can you share the solution for connecting Ninjatrader to Sterling? thanks, Walter

I second that motion...

The enchanting allurement of rtm avg down... If I continue to follow your posts, I'll be drawn back into my addiction... Ohhh, the temptation is sooo seductive... Deja - how could you? It's like what Michael Corleone said: "Just when I thought I was out, they pull me back in!"... :)

Fair enough... btw, what's your "uncle point" - how much drawdown before you book the unrealized loss? For example, earlier this morning you entered about 7 long trades from 80.73 down to 80.33, then the market reversed and gave you a nice profit. However, if the market was in a nose dive due...

I've always been attracted to the "Averaging Down" strategy, especially with Martingale... However, with the backtesting of outlyer events (i.e. Black Swans), which validated the writings of Taleb and confirmed the outcomes of Victor Niederhoffer and LTCM, I had to force myself away from this...

btw... In IB there's the Bracket order feature, which allows you to set your oco entry price, each with its respective profit target and loss target. As a matter of fact, after setting these parameters, then you can enter the order modification, which automatically moves your stop target to b/e...

thanks for reviving this topic... I've been testing and studying the feasibility of ORB type strategies... Although the markets are electronic, the fact is that the U.S. equity market is still the driver for the futures markets (i.e. ES) and the ETFs (i.e. SPY). In other words, I've never...

Good Morning RN, How do you know "Without Hindsight" that the market (or the specific instrument such as CL or ES) has shifted from a trend to range, or visa versa? I can always tell AFTER THE FACT. However, in the midst of the market's movement, I simply cannot tell if this is going to be...

Does anyone use larger stops & profit targets to avoid the whipsaw shake-outs, which are often caused by hft algos? For example, enter a $1 stop & a $1.5 profit target instead of a 0.10 stop & a 0.15 profit target. Walt

Please understand, I applaud and can relate to the driven passion and immersion that anyone has for a given craft. It's also great when one can incorporate the balance of taking time to "smell the roses and savor the sweet moments" of life. My problem at times is that I wonder if I'm "OCD", as...

Wow... so much passion for the trading arena! When a Friday evening around midnight (EST) is spent discussing price action, then you know you're unmistakenly hooked for the long run :) Nodoj... you may really need to reconsider authoring that book... Walt

Hey Lescor, I'm not sure if you noticed my post from last week...

Well, at least you can be a Rita Rudner stand-in if this trading thing doesn't work out... it's always good to have a backup plan...:)

Considering that CL has been verrrrrrry choppy today, I guess the only way to avoid losses on breakout trades is to move the stops to b/e after about 4 or 5 ticks... Any suggesstions on how else to avoid being whipsawed to death with continuous small losses on breakout trades?... thanks, Walt

Hey Dejavu8, How would you determine your "uncle point" when averaging down? Intuitively, I love the concept of averaging down; however, it has proven to be a TICKING TIMEBOMB for many traders. Furthermore, it requires a very high win rate, due to the negative risk:reward skew it creates...