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I guess I meant to say traditional uses/attitudes in regards to charts, trends etc. We all want to ride trends, but not all of us are trendfollowers in the usual sense. Edit: but I ask this question regardless of the actual viability of any trading method. My point is, if you feel it...

In a zero-sum game, others' losses are your potential gains. On the topic of giving advice to people on a public forum, if there is a method of trading that you believe does not work, why would you ever discourage others from continuing to use that method? If no one believed in charting...

If you're seriously getting your bias from a 3-yr daily chart, I hope you are not paying much attention to the intraday action, let alone bid ask quotes.

If you must scalp, don't use charts -- those are the people who you'll be making money off of in many cases.

When you are dependant on charts to tell you in the first place whether or not you are bullish or bearish, realize that you are at the bottom of the food chain and basically playing a game of musical chairs with other traders just like yourself who are also just jumping aboard anything that...

That's not the issue; if you can make money daytrading cash fx then you're still better off trading futures contracts on globex.

I think for some people who struggle, success is a "rarity" that can become a very self-conscious thing which in turn sabatages itself -- ie, "I can't believe I'm doing so well". The people who are able to operate continually at an extraordinary level do so partly because they pay very little...

darkhorse, gnome, banjo

I'd say it's largely a misattribution of significance via selective memory. By shifting any line up or down, you can run the gamut between initial support, failed breakout, retested support, stop-run headfake, and finally resistance. Sure there are some lines that many watch and therefore...

The only way averaging down makes sense to me is if the total position was already considered as one position with staggered entries; that is, you knew you were going to go in piecemeal from the beginning. Those that just throw on extra units just to bring down their avg price and raise...

Typical money management makes alot more sense at the casino than in the markets; I've never had a problem with splitting up my bankroll and walking away from the table once some arbitrary loss point is reached, because at the casino arbitrary results are the general rule. When it comes to...

Do you really need a specialist to blame? Watch the price action on any electronic market and you can pick out the same head-fakes, shakeouts, and other modes of deception as seen at the NYSE. When everyone is competing for the best possible price, the games just evolve naturally.

Yeah price is good. Specifically pace. What's with charmmy kitty anyways? I thought it was some korean ripoff but my wife says it's legit.

So what do you do to make money when the 2 markets diverge? Sell the leader that makes new highs because of "non-confirmation" by the lagger? Buy the lagger for a catch-up play? Sell the lagger/buy the leader for a relative strength spread? IMO, just more excuses to put on a position and/or...

Not eating carbs after 5pm everday is a good compromise that seems to help as well.

Don't think it's a resource problem at all since it's a brand new system, it does seem to have alot of restrictions on site pop-ups and what not. Rebooting doesn't help. So far it's been only one this one particular site (my blog site). I do notice that the drop-down menus appear for like a...

Could one's Internet Explorer security level settings prevent drop down menus from showing?

1.007^4 = 2.8 no?

Mine was letting go of "what-has-happened-will-continue-to-happen" trading, and coming to terms with la nausee of the markets. gg liberal arts education lol

Shrug, there are a million ways to skin a cat -- it's understandable that we all try and interact with the markets along the avenues with which we are most familiar. I'm sure in a room full of engineers turned traders, if I tried to posit the idea that profitable trade selection all came...