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I'd think with ES's systems using forex, size would not be that much of an issue, even for a very large account. Perhaps if that number were large enough, he would not have to deal with the pseudo-market retail spot fx spreads and increase his returns even further. But generally the...

I think one more thing that might be added to that list (that would probably be the first to consider in this case) is the simple fact that pulling the stop may have "worked" quite often for him in the past. The occasions where he pulls the stop and thereby gives the trade enough room to work...

15" at 1600?? It might just be plain healthier for your eyes to go to 2 x 1280. :)

I wasn't referring to mimicking the same types of trades as large institutions, there are plenty of markets and trading styles that do not lend themselves to being scaled up that an individual can still execute and make a very decent living. For example, very short-term scalping of currency...

Individuals can compete in areas big institutions wouldn't bother because of their size, plenty of advantage to being small as well. You might think of it as getting "leftovers", but lots of species thrive quite nicely on the carrion left behind by others.

That's exactly along the lines of what I was thinking. If anything, scalping does keep me focused throughout the day. However, I can easily see occasions where it may be detrimental to the bigger picture. And since the longer term trades are scalable whereas scalping is not, there's...

Do any of you guys successfully scalp a market on a daily basis while also taking positions on the longer term (hourly/daily)? Or do you find staring at the minute details interferes with your longer term judgement (or vice-versa)? Today was the first I spent scalping (EUR) since those level...

And btw, how does one prove a trading method still has a "statistical advantage" on the market? If the setup once had some positive expectancy in the past, how can you tell when it no longer holds up? The market isn't a random deck of cards with constant odds -- how many times does a...

Why just a few seconds? Why not a few weeks? Don't you just love riding liquidations? :)

Here are some examples of edge: 1) Somehow overhearing fed chairman X give his leanings on the next rate meeting, which are contrary to market expectations. 2) An insider seller of a company whose earnings have been consistently "stretched" to meet the analyst average. 3) Having a...

I don't think this is necessarily so, at least that statement assumes one trades in a manner that can be measured with statistics. An edge can go so far the other way as to be considered "anti-statistical", that is, to assume what has worked in the past (edit: within the markets, as opposed to...

How about having good "taste" for the markets -- ie, trading as artform? I think a trader can get away with this pov, at least equally as far as those who consider the markets solely along mathematical lines. I've long felt the part(s) of the brain responsible for good timing in a trade (what...

Yes, please forgive me for mauling any concept or term that carries other connotations beyond the "familiar" or colloquial in terms of trading. I guess I was extrapolating from an ideal "efficient" market model which should be noise-free, using the term "noise" to denote the effects on...

I've always considered the term "noise" as merely a subjective label for "incomprehensible" market movement at a given time frame for a given trader. But I think I'm also coming close to understanding the concept of noise from the above angle. Let's assume the ideal model of movement for a...

If 2500 pips either way = 0.4% of that person's account, he's obviously not trading for money. When he's lucky enough to be right, he posts in # of pips made; on the losing side, it's .00005% of his four-figure account. It's probably all true too, which makes it all the more sad :)

Lol, even if I had an actual clue as to what the markets are all about it wouldn't matter -- everything that a trader needs to know is already out there in countless variations. You could spell things out in black and white and it still won't help until he convinces himself with his own...

Here's another way to look at things: As an individual trader, you must realize that eventually you will do better to shed any preconceived notion of what "realistic" means in regards to returns -- you are not some multi-billion dollar fund encumbered by size or the risk of outflows. Strip...

One thing I've realized recently is that I only need to capture a fraction of the opportunities offered by the market in order to succeed at a level far beyond I'd ever imagined capable for an individual trader. The potential rewards offered by the financial markets far exceed the needs of any...

Same here. I think hjkl may have a leg up on the learning curve compared to the rest of us. :)

I'm gonna take a wild guess and say when higher interest currencies like GBP and AUD begin to fall, these systems start to deteriorate? Retail spot fx boom coincided with a continuously falling dollar, which made what were in essence short usd "systems" parading as carry trades look good.