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You are eliminating the middle man who makes his money off you paying an artificial spread -- hence, you get a cleaner picture of the market, that is the most crucial difference. It's true that futures in currencies are themselves priced off an interbank quote, but adjustments are instantaneous...

If your account is between 10K and 1MM, and quite possibly beyond that, you should be trading futures -- unless you want to trade more exotic pairs.

What I've learned is, there comes a point when you realize you have to just stop trying to learn more, and just hunker down to do what you already know how to do. It's like moving up to the next table in NL poker, you know you will get your ass kicked for a while as you adjust, and you can...

That's all nice if we're talking about coin flips. But what if the coin was not equally weighted? Futhermore, the one flipping the coin was also the one who fabricated a set of coins and could switch between various tendencies for heads/tails as he pleased? Now assume another person...

What b1s2 will say to you is that, given that you made more money scaling out than exiting all at 2 pennies, that your 2 penny target was wrong, and should have been higher. Now, how you realize this beforehand and apply this way of thinking in real-time is beyond me.

We've been over this already -- in retrospect, the scale out will always prove inferior to the "mathematically" determined optimal exit. It doesn't hold in real time however, where scaling out can prove more profitable in changing conditions in regards to method X. You are letting...

Can someone explain to me how "rigorous scientific research" aka "backtesting" predicts the future? If something works 7 out of 10 times the past 100 occasions, why could it not work 3 out of 10 times in the next 100? Isn't that exactly how setups go from profitable to outdated? More...

Or "Blanket statements are inferior behavior". Then again, if it was "Scaling out is inferior behavior for my method", no one here would give a shit :)

Any news on CAD today?

I am assuming one does not care about where his entry is -- that is, that you are always just long or short from the most recent price (something PTJ suggests, which I think is very good advice), so that there is in effect no such thing as "open" vs closed profit. In any case, I agree with...

Right, so let's assume that scaling is a "fantastic strategy" for easing into a position at successively better prices. Now, do you think it really matters that you were long 10 contracts when you started initiating your short bias with partial sales, or if you were flat? Your assumption that...

I think you misunderstood my sarcasm about posting here again, it has nothing to do with your question, which was a very good one. I quoted what you wrote but was not really responding to you -- I guess that was my bad. You don't have to listen to what anyone says, even if they make money...

Your broker pockets an extra spread?

l . . . o . . . . . . . . . . . . . l . . .. .:)

For someone who advocates reversing positions upon fulfilled objectives, scaling into a position is the same as scaling out of a position -- it's just a matter of bookkeeping. Does it really matter whether you were long or short before the reversal signal was received, to determine whether or...

Backtesting is like trendfollowing, it works until it doesn't. At least now you'll have more reason to get frustrated when the TA fails, compared to when you kinda "knew" it was voodoo. Maybe pull more stops? :) JMO, don't pay any attention to me.

No that was exactly the case, thanks.

Sure, pm me if anyone wants to have a game some time. Yeah, I know I should play with better players in order to get better, but it's just so discouraging at times. Especially when you're up a rook, still end up losing, and get a "hahahaha" from a 12-yr old your efforts lol.

How do you generally get better at it? Although I've made progress over the years, it always feels I'm stuck at a certain level -- anything that I learn from experience is just that, remembering traps, certain tactics etc. But I don't seem to be making any strides in my "conception" of the...

He advocates scaling in but not scaling out -- I don't see how you can advocate one without the other. Unless, as someone else mentioned, he is trading a very specific method aka trendfollowing "turtle" style. The point? We've taken this thread to 40+ pages for someone who adopts a very...