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Yep - market is being thrown around a little with no impetus to go anywhere and no volume to back up the little breakout attempts except the first which is often a good pull back inside the morning move. Best Natalie :)

???? Is this software or a book/books or something else? best Natalie:confused:

first it depends upon what type of system you are trading as to what times are best, but, Look at the time above and make correlations 0945-1030 is generally economic news driven (lots of announcements at 0945v and 1000. 1130-1200 finishing off the morning moves before lunchtime dolldrums...

That's $500+k per annum, and you get to decide when to give yourself a payrise, and there is no office politics and does your face fit to stand in our way. (by the way. Build the capital a little further still and play 50 cars, and you are then on just short of $1m p.a.) But money is far...

You're approach was a bit more complicated than mine. I took a short at the high (1003) with a very tight stop in case it continued up, taking 1 + 2 on a 2 contact setup, then waited to see if it would break down which it did, and re-entered short after the test of 1000 failed. Took the first...

Sure. Duly attached best Natalie

Agreed - this is where using a small timeframe chart inside a larger one really makes a difference. From the large one, you can identify the trend easily and whether the trend is running out of steam. from the small one you can identify the entry/exit points, failure points and use tight stops...

?????????????:confused: best Natalie

So? - you don't need to capture the entire move to be profitable... You don't need to catch the beginning of the move to have a low risk profitable trade. That is a common misconception. If the move is an up move, unless it is very fast indeed, there will usually be a pullback from...

Oh I agree with you when you look at it in that way. But suppose you think of it not in the daily compartmetns, but rather monthly, quarterly, semi/anually compartments. So over the course of an avarage month, (or whatever timescale) there are up days and down days, but the results for the...

ROFL :p The only way I would do that is if I had a clear edge within the game being played. I would not participate otherwise. Best Natalie p.s. I kinda know the rules and have no idea how to play that game anyway...

Hi Scientist This actually, while disagreeing, totally supports my assertions in my post. The Pro-gamblers of which you speak have actually found an edge in the market they trade, and have turn the house into the punter and themselves into the house. Yes, the mechanics are different as...

The casino analogy is used in association with trading continually, and it is indeed a very good one. So where does the competition element come into the equation? If you are a gambler, a punter, you may well be going into the casino and placing your bets in a hope that you will win. You...

Another analogy would be methodically negotiating a tricky obstacle course to get from A to B. Best Natalie

Yes - Trading is an equal opportunity. When trading for yourself (as opposed to trading on behalf of others) that fact that it is a profession, a business, work, a job often gets obscured by the lure of the market, and the desire to be successful, and the fear/greed mindset that sinks in with...

And as the competence level increases, so the stress of doing the job decreases? Best Natalie

Yes, turn it into a job you do just like any other and maybe that makes it easier? Best Natalie

No - psycho is what I get when the children are screaming and I'm having a really bad hair day... :) Natalie

Except for when someone places 10,000 cars at the market 2 seconds after your long postion was opened...? :p Natalie