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Any recommendations on value to use for london session on CL?

If I were to become a funded trader, would I be penalized for periods of inactivity? My real life job is unpredictable and there would be periods of several months that I wouldn't trade throughout the year.

I'm trying to see if I can schedule daytrading into my life. The only time that could work for me that is worth trading is the the first two hours of london session. I'm starting to watch some charts and papertrade, but my data vendor doesn't provide the spread. What does it average during...

Well it proves he's not afraid to be tested, unlike most on here that like to present themselves as professionals.

3. Think they have an edge but are afraid to be tested against an objective standard because they would rather keep on pretending.

I disagree with you big time on the first point there. There is a never ending line of suckers reaching young adulthood ready to try their hand at this game. That is why there is a large training industry. The reason most educators don't post track records is because they don't have...

You are absolutely right. I should have stated that I found what works FOR ME. But my biggest mistake was following "conventional wisdom" taught by people that won't publish track records. If I thought for myself from the beginning it wouldn't have taken me so long to become profitable...

//Start OT Rant// OK so we get into a trade where we are risking 5 to make 15. It moves 5 in our favor. By choosing to keep the trade open we are risking 10 to make 10. If it is profitable to keep the trade open at this point, it is profitable to make a 1:1 trade! It is all just...

Actually, if you price your trades to be truly 1:1, you need to sustain exactly a 50% win rate over the long run to break even. That is better than 95% of active day traders will ever do! Of course there are strings of losses. That is why we have a limit to our risk per trade. No big deal...

This is OT but kind of in line with the current discussion in this thread. (lol?) I have in the last month dramatically changed my trading. I am now entering positions with the current trend, with a 1:1 RR. I have stopped trying to predict movements, ranges, volatility, etc because quite...

I've been hoping ebay would go bankrupt for a while now. I was a member of ebay pretty much from day one and back then it was awesome. I had fun, made some money, and bought some cool stuff on there. Then they went public and we all know the story from there. Not really related to this...

I guess good conservative trading is too boring for discussion. Mav would you mind sharing a bit on how you actually make your entries and manage positions? I have a decent understanding of your macro approach but have never seen you make mention of actual entries and trade management.

I tried. It wasn't very popular. http://www.elitetrader.com/vb/showthread.php?s=&threadid=222593&highlight=list+of+all

Brighton you have nailed it. Check out this thread if you want to see just how bad it is here. http://www.elitetrader.com/vb/showthread.php?threadid=212110

Austin, I'm glad to see you are doing this. It is kind of cool for me personally to see that the only people stepping up and doing this are from the very short list of people that I respect on ET. (That comment only applies to people that represent themselves as winning traders BTW. I...

Thanks for bringing some clarity to this thread. When I am ready to stop being naive I will be sure to take you seriously.

I don't think anyone really believes he traded profitably for 10 years.

Kudos to you for being honest with yourself and taking a conservative approach.

Mav how are you still responding to this drivel? I admire your patience. Cooltrader of course it is your fault that you blew out. Don't blame the model. You were trading when you didn't know how to use the software. You didn't even understand the products you were trading. Man up and...