Search results

I never denied that Xspurt (former ET alias of him is yoohoo) is my good friend and gave me a few valuable TA advices in the past. So are a few other ET members (Bighog for example influenced my trading tremendously and I will forever be grateful to him for that). By the way, one of those ET...

Frankly a bit more, cause my recommended capital allocation per contract traded is lower than $3K (I posted those figures today in the journal). As for how much or how low it goes, I'll refrain from forecasts, cause I fully admit I don't know future, unlike prophets who are 100% certain where...

You all know where my calls for just one type of signal are located... so I suggest everyone not dream at all, including dreams that successful TA trading is impossible and just wait and see the reality. :)

No dreaming here, only objective and logical goals and assumptions. BTW, indices closed very bullish, yesterday's top of 15205 was exceeded by 1 tick today already triggering short-term swing TA long with stop-loss under the day's low of 14873. Confirmed Dow theory short-term reversal (within...

Yes, good idea, JT. My recommended capital allocation per NQ contract for these signals is $2500, which constitutes roughly 2% risk per trade. For my own money I'm usually a bit more aggressive, closer to $2000 or even slightly less, because I don't need to worry about the sexy equity...

Ha, good question... Problem is I live in two places and two Sierra Chart instances contain data for trades performed from each home respectively, so data is split a bit. Current place has 40% profitable trades on 5 trades sample. The other place I'll check when visit it again.

Two trades today.

Speaking of TA, here's how ES looks on the daily. If I day traded this chart, it would be a long (assuming today closes up as it looks now or better and HOD is broken then). All odds of course, but we're still in a bull market. :)

Exactly. You need friends to drive the price. Market is overall fractal, but not every fractal offers a move of a range which justifies paying commission etc. So generally we want to time those points on small TFs, which trigger longer-term plays.

Probably those people already exist, they are just not interested in making their performance public and I fully understand them. If I traded illiquid market like CL, why would I want to share my edge with people who tomorrow will compete with me?

As RR already asked: what exactly breakouts did you test? On what time-frames, breakouts of what exact kinds of levels, what parameters of risk management et cetera? It all makes a lot of sense, trading is a game of tiny edges, so there are no "minor" nuances. P. S. My sample size is...

One trade today with average closing fill for -1 tick.

Ha, interesting example you chose. Because people for a long time didn't believe it's possible to run a mile faster than certain speed (4 minutes if I remember right), let alone driving 250km/h or going to space. :)

Yea, skill developed to the stage of reflex.

What makes you think there are some strictly defined boundaries of what's possible?

Around 55-60% in the long-term normalized to 1:1 risk/reward I think. Raw win rate is probably closer to 50%, but risk/reward is positive. All figures net with commissions included. As for TA, I don't notice that any patterns "stopped" working. Volatility changes, yes. Some markets become...

You have a point here. Indeed trading is not much different from other highly scalable professions in this sense. To become a great trader is no harder or easier than a great neurosurgeon, great lawyer, great singer, athlete etc. Ask any truly successful person about their way to success and the...

See, that's the difference in goals. In a whole process of life I perceive my goal as an endless evolution. In trading too, but primary goal is provide livelihood to my family. And that short-term goal is achieved much easier than abstract long-term (eternity-term even) goal. Simple algo...

If your goal is profit, it's achieved much easier without the need to change your whole perception of the reality. Not sure is profit considered "serious" goal or not in trading for you. :)

Come on, it's not THAT complex. :D For Western culture people it's much easier to construct a proper traders' belief system as a function of research/hard work and discipline. Changing the whole perceptional paradigm would be too much and unlikely as successful to most.