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I agree that markets are fractal but there is one point you should pay attention to. The trading costs are constant and the shorter your time frame the higher the cost as a percentage of your profit. That is what makes scalping quite costrly, Having said that, if you have a trading/scalping...

I think I agree with you that is why I put the post. Do you try once or twice and then wait to get out of the range? ie wait for a proper breakout and then buy even higher

I think what I am asking is this. Even with a good entry and stop you can get stopped out. Would you re-enter the trade in the same direction after you have been stopped out, at, say your original price, and risk the same amount of stop. My problem is that in a rangin market this can really...

In a contract like the FTSE I normally use a 10point stop. It is in the context of intraday trading that I posted the question

I find quite often in an effort to be disciplined and keeping losses small, I enter a trade in the same direction a few times and get stopped out. The entries are quite ofter at around the same levels or increasingly unfavorable levels. The result is that in an effort not to have a wide stop I...

Why is is that most of the time when looking at charts and backtesting a strategy it seems to work, however, when applying it in real time for some reason it breaks down. This is a real puzzle. Anyone else experience this?

Ya but sometimes the small controlled losses add up to a gourmet meal for the market!

I find the old adage "sit on your winners" very frustrating to operate as most of the time reasonable day rading profits turn into losses or a tiny profit. My recent thoughts on the problem suggests that maybe I run the profitable trades too long so that by the time my trailing stop is...

Had hoped to get some intelligent responses on this thread but.......never mind....

Some say that trading is similar to games of skill and chance like poker or backgammon. Both of these games involve an element of luck. In poker you have to get lucky and get the right cards and in backgammon you need the dice to role in your favor. Funnily enough I have been playing poker...

Also requires to know what a best setup is. Not all setups generated by the same rules perform the same way. Some generate loosing trades and some winning trades. How can one predetermine which setups are better than others given that they are generated by the same rules?

I understand what you are saying and, in principal, agree with it. But does this apply to trades that have gone well but are stalling at a certain profil level or do you close the trade as soon as the market becomes inactive (stalls). If we are to adopt the doctrine of "let your profits run"...

But what frequently happens in these kind of situtaitons is that you keep entering the same trade at an increasing more unfavourable price where as if you had not scratched it your second or third entry price would have given you a reasonable profit had you given the original trade more time...

There is a lot of trading literature which professes to outline rules for successful trading. A lot of these are very general statements which sound good but lack anything specific to be of any use to a novice or even an experienced trader. One such example is "cut your losses quickly and let...

This is quite a vexing question and I was wondering what other trader's view on it is. Suppose you initiate a trade, place your stop loss and also put in a profit take order assuming/hoping your trade is successful. If the price starts going agains you you will get stopped out. The...

I hear what you are saying but I thought techincal analysis covered Psychology, Statistical Arbitrage, Zero Cost Option Constructs etc and any other factors affecting the price hence the adage "its all in the price"

I thought one relied either on technical or funcamental analysis. What other options are there?

How can you use fundamental analysis in short term trading. Does the local/market maker use fundamentals??

Surely preference must have little to do with it. Some approaches must be superior to others. It might be very hard to establish though. If it was a matter of preference, it would imply that all approaches are equally successful or not as the case may be and we know that this is not the...

I am interested to have Elite Traders' audience opinion on the following subjects: Are trend lines more reliable that indicators? Quite a few technical indicators seem to produce many false signals in quiet, non trending markets, especiallty on intraday charts. Trendlines, drawn from...