Take a hard look at those years you've spent -- were they concentrating on coding, or actually watching the markets? The 3 examples of what you're working on now reveal that the bulk of your experience with market movement is probably through the eyes of others. Instead of starting with...
When you bet on "sure" things, what are you doing if not predicting? It's only when you are completely convinced of something that you become most vulnerable.
If something is totally random, it does not matter what system you use or how you enter -- your results will be completely random as well -- ie, calling coin filps, roulette.
What separates them is that the former concern themselves with what makes money and what doesn't, while the latter...
What is your target? Also curious as to why you seem to have bearish leanings towards cad. Seems like one solution to prolonged elevated energy prices would just be to annex/buy out our northern neighbor.
"Bad ticks" are sometimes caused by stop-loss orders themselves in illiquid markets. YG spike a few weeks ago set off a few contracts around $13 higher than the high on pit-traded contract after arbs pulled out their offers.
However you want to view the nature of markets, the important thing is that whatever the belief is, you are comfortable with that view because you have a way of making money from the market. Please stop worrying about how arbs at goldman sachs view the markets -- they are not entering their...
It's like anything else on this site: the people who outright ask for decent help usually won't know what to do with it, while those continually shouting from the rooftops offer the least useful advice. Put those two together = one ugly train wreck.
It's highly recommended, that way you can actually be somewhat accurate on your entries, instead of randomly averaging down and praying you get out alive. Then you might even be able to trade in a size that would be meaningful to your real life bank account.
:D
Isn't it just "buy when you think it's gone down too much and sell when it's gone too high"? [sic]
Why bother with the reasons at all? Blah blah blah, you'll be long dollars after a few hundred pips down anyways. :)
Why don't you just trade 1 contract EUR to start off? Initial margin is around 3500 per contract. Other pairs don't require as much but are generally less liquid especially at night.
YG just doesn't correlate as much lately with currencies, and the spread is pretty bad after hours.