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Maybe, no idea what Dr Stumm does and what his room is like. :D One of ET old-timers and few real traders on this forum, bighog once said he never used other people signals, cause he didn't want to depend on them. I agree with him. :)

I like challenges, so checked GBP charts to see if my stuff would work there... Looks even better than Euro due to high volatility of the cable. :D

Of course it doesn't mean use 6 ticks stop blindly for every instrument in the world. It should be adjusted and may vary from 2-3 ticks (FESX, FGBL) to 10-15 ticks (CL, HSI).

I watch & trade EURUSD almost every day since 2005... As you probably guess, there were times it behaved very differently during these years, from pathetic chop & creep of 2007 to insane volatility of October 2008. Also traded a variety of other instruments. Same principles everywhere...

Ask NoDoji, she trades CL and does it really well without the need for wide stops too. :)

Why? Euro is the most liquid and volatile enough currency pair and one of the world's best instruments for day trading.

I am in no way trying to convince you, that your setups are the same on all time frames. Only saying that my setups on small time frames have about the same hit rate as on large. :) Probably that is the reason why I trade basically just EURUSD currency pair using really small time frames...

LOL, I am far from thinking I am any close to being genius. Just some common sense used, fine tuned entry on small time frame within the context of bigger one. Very simple really, if you invest some of your time into watching a few time frames simultaneously.

I have nothing against you thinking so. :D As for me, relative to the time amount, amount of trades on smaller time-frames is larger indeed. Relative to the sample number of bars, no, if the market is volatile enough, it is not even always possible to distinguish the time-frame if you hide...

Not larger number of signals in relation to sample number of bars, absolutely not. The only problem with low timeframes can be, when volatility is too low and signal has not enough room for a movement to be worth taking it.

Absolutely agree. Keep the risk within 1-2% boundaries myself (or even less, when not sure about market or particular setup) and change notional position size to fit this risk amount literally every time. Such an approach allows to minimize losses when in a bad streak and effectively compound...

All depends on which signals you observe. For me your statement is not true. Signals on all timeframes have equal relative edge, provided volatility is high enough to give trade room for a movement.

LOL, good one! :D

This is all up to what you include in your definition of "real". For me trading with 6 tick stops is absolutely real, money I make by trading this way are also real and the pizza my wife cooks from the food bought on that money also tastes very real. :D I see what you mean and agree that big...

Smaller trade size in relation to account size makes one's trading less stressful and certainly increases chance of success (because emotional matters can be critical factor of trading performance).

What is a "real trend"? :D Interest rates (aka money river) driven long-term trends are important for position traders indeed, but simple big orders filling can be a decent trend for a scalper operating with 3-6 ticks stop and 12-20 ticks profit target... One of the bright quant guys I...

Let me clarify: you think that you intentionally violate your plan to experience this and learn how to deal with it?

If it "worked" on simulator but stopped "working" live, and this fact was not related to live fills vs. sim. fills, does it mean the only problem you have with this system is your emotions?

Exactly! There are many relatively efficient markets besides contracts traded @ exchanges. For example: Opening a new restaurant in a city full of restaurants is equally if not more hard as becoming a good trader and also involves fight for the "edge" (to make guests start visiting your...

1. I see no difference in reading 1 minute, 15 minute, 1h or 1 month chart (provided, market has enough volatility). All the same principles, just different fractals. 2. Criteria for tight stop entries is to enter when price moving against you by more than your stop amount proves you wrong...