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  1. xelite777

    the market is totally being controlled!

    No, they are not hard to find, your scanning software can find them in seconds. For example, right now LEAF (Springleaf Holdings, LLC) is : Above its 20 and 50 (day) moving average Trading on huge volume (twice the average) Experiencing a powerful breakout from the ascending triangle (a 10%...
  2. xelite777

    the market is totally being controlled!

    Why on earth do traders keep trading markets with no volume, no momentum and no trend but still expect volume, momentum and trend? :D Noblehawk, concentrate only on stocks (or commodities, currencies, international indices, etc...) with high volume, huge momentum and in a trending mood, there...
  3. xelite777

    The Best Trading Proverbs

    Oh yes it does, come on.
  4. xelite777

    Mathematical expectation

    If trading system A and trading system B had the same maximum drawdown but the average profit per trade of system B was twice the size of the average profit per trade of system A, which system would you trade, A or B? (Please note that the average profit per trade is not the average winning...
  5. xelite777

    The median maximum drawdown

    True, they say the maximum drawdown is yet to come. Yes, but you still need to use some specific value for the maximum drawdown. Why is that? Because the maximum drawdown will allow you to calculate the ratio for pyramiding your winning positions and/or compounding your trading...
  6. xelite777

    The Best Trading Proverbs

    Bullshit, on the contrary, take your profits to the max. Unfortunately, few traders can really, really do that.
  7. xelite777

    George Soros on Trading

    What a bunch of hogwash! :D These people do not give a rat's ass about you and me and the rest of the world. Those oh-so "charitable" donations are nothing more than clever tax write-offs, wake up pal.
  8. xelite777

    Mathematical expectation

    You will have to do the hard work yourself.... What kind of nonsense is that?? You buy a stock at $50. From that point there is a 50% chance of seeing a 20% move either up or down (or whatever X% move you like), end of story. In fact, the odds of seeing a 20% move UP are slightly greater...
  9. xelite777

    The Best Trading Proverbs

    Not exactly a trading proverb but here it is :D
  10. xelite777

    Inspirational quote of the day

    We can't help everyone, but everyone can help someone. Ronald Reagan
  11. xelite777

    binary options

    Here is an excellent book about Binary Options that I just finished reading. It explains everything you need to know about binary options, with plenty of good, easy-to-understand examples : Binary options : strategies for directional and volatility trading, by Alex Nekritin. (Ignore the 2 stars...
  12. xelite777

    Mathematical expectation

    Yes, but keep in mind that there are mathematical ways to prove/demonstrate that the market is absolutely not random. Remove this non-randomness from it and the market becomes just another stupid casino with its usual negative mathematical expectancy (here the spread and/or commissions)...
  13. xelite777

    Mathematical expectation

    I am not asking you to reveal anything, you said that backtesting is not really necessary and that there are other alternatives and I simply asked you to be a little bit more specific, without revealing your Oh-so-secret...secrets. A quote from a soap opera TV show, I suppose?
  14. xelite777

    My idea on automated, algorithmic trading --- Is this feasible or am I missing someth

    Not at all. You could define a trendline with simple pivot points, a pivot high being a candle preceded and followed by at least 3 candles with a higher low, for example, and vice versa for a downtrend. Once the trendline is clearly defined in computer terms, you can backtest all kinds of...
  15. xelite777

    3K monthly income on a 100K account

    Who told you that cute little big fat lie? :D The whole options business is rigged in favor of options sellers (also known as writers) , not options buyers. The Black–Scholes model has been designed to screw as many options buyers as possible, slowly but surely. To original poster, there is...
  16. xelite777

    Solutions - Nationalize the Banking System and Print Greenbacks

    Easy now Ucan'tEatBonds, I personally do appreciate your very clever remarks and comments here on ET but there is absolutely no need to be rude against other posters.
  17. xelite777

    Solutions - Nationalize the Banking System and Print Greenbacks

    Last sentence should read : "or they will be fired", sorry for the typo.
  18. xelite777

    Solutions - Nationalize the Banking System and Print Greenbacks

    Excellent!!! Banks should not exit at all, paper money should not exist at all, interest rate should not exist at all. Period. But exchange goods and services via gold and other precious metals (or barter) and inflation will disappear almost overnight. This is the stuff they will...
  19. xelite777

    Do full-time forex traders exist or is it just make believe?

    Excellent no-bullshit-just-give-me-the-facts-Mam post! :)
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