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Lol that is hilarious and true! And if you pee against the wind well you get splattered.

I use 5 min and 1m to see inside a 5m if I need to and an occasional glance at 15 min to see outside the last 5 min bar looking back. In other words where is this last 5 min bar in terms of the last 15 minutes? One min bars are generally the smallest bar I will consider. I have to stay out of...

Finally, it is much easier to predict 5 minutes from now than 3 hours from now or 10 days from now. Plus short-term prediction renders what I call FOT (frequency of trades). Many many more potentially profitable opportunities in short-term trading than in long term. Every wonder why successful...

If one deeply thinks about it: every 5 minute chart gives a 50% chance of a successful trade. That is one can go long or short on any 5 minute chart and have a 50% chance of making a profitable trade. However, the traders equation puts more probability in a trader’s favor. So higher probability...

Using the trader’s equation sounds hard to do or complicated to achieve in such a short time frame. Well, it can at first but as one practices they can get to the point that they can trade a 1 min chart and quickly do the equation in their head. And at the point doing it on a 5 minute chart...

Look at the first trade on a 1min chart. And assign probability. The probability was probably around 75% that price would move at least 2 points in my favor before it would hit my SL at the bottom of bar 11:51. We got two bull bars before my entry bar. Both closing near their highs and breaking...

Yes that is correct. Much more than 5.5 could have extracted out of a 34.25 day. I only made 3 trades. That was all I had time for yesterday. I barely had time for those trades. Of course, there is a gap between the markets and my performance yesterday because I did not trade the entire...

You obviously trade different than I do and your chart is not a 5min time based chart. Here are 3 trades I took during the same aprox time. There were several ways to trade this. I just placed them bracketed and didn't have time to watch all of them play out. So I had to leave the computer...

Yes still disagree. And of course a chart will draw out what your action caused price to do. The spike down happened for a reason. You were hedging and dumped 1000 contracts (which really isn’t that much in the larger scheme of things). And that spike down was tradable. No noise just tradable...

Price does not move even 1 tick unless an institution wants it to move it there. There simply is no such thing as “noise”. There ain’t, there ain’t, THERE AIN’T any noise in the market. The only noise are those that make noise by saying there IS noise. LOL

If markets are random then setups are useless. Attempts at prediction are useless. So pick any stock or future at any price and buy or sell at any time. And then hope for the best. No need to study the markets, discern pressures, devise setups, no need to read books, watch videos, study stats...

What they cannot explain or trade successfully they call “noise”. There is no noise. There is only movement. Inertia is the element that helps to predict with reasonable odds the likely direction of subsequent moves. And “how” that move was made indicates something of the inertia. However...

The market only “appears” to be random. Prices will move to where the most transactions will take place. That is the purpose of “making” the markets. It will also move in the direction of where the most pressure is being applied. Because the market, at all times, has both bullish and bearish...

And that is exactly why he would open the spread. And why it would NOT work in the NAZ that had MMs.

Sorry but you don't know what the hell you are talking about. It was ONLY an edge in NYSE and AMEX because they had specialists not market makers. I traded many many times like I explained in my previous post. It worked when the specialist would open the spread. It did not and could not exist in...

Back when we traded in 1/16, 1/8, 1/4, 1/2 up to 1 pt etc.. I would watch when a specialist widened the spread on NYSE and AMEX then I would slip in with a buy and sell limit order (both) within the spread and scalp out a cut. Word quite well until…..they went from fractions to decimals and bam...

A big..big..big lie!

Ole timer advice from years gone by: “In a bull trend never sell a dull market” and in a bear trend never buy a “dull market” Doesn’t apply much to me as I scalp 1 to 8 points on 5m and 1m charts.

Ten might suffice? Living up to your name MAX!

HFTs make up about 70% of the trading volume. Other institutions make up about 25%. The other 5% is retail traders. If that much. It has been estimated that 30% or so of institutional trading is arbitrage trading. We are like a drop in a 5 gallon bucket of water. They are not after your money...