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How close to the end of the month are you willing to open a position?

For now you can test that concept if you want. Try paying the government 40% to click a mouse for 7 years, if you can last that long. Then try being a combat medic, with maybe even a little SF action. You might see things a little differently. Then see if you want to go back to clicking mice...

You fail miserably at reading comprehension. I will go in depth at some point on the benefits of being employed and gambling part time vs being a self employed gambler. For now please make sure you understand the content of a post before responding, at least in my journal. One more time and I...

Here are the last 5 weekly values. 0.0078 0.0232 0.336206897 0.0062 0.0258 0.240310078 0.0005 0.0564 0.008865248 0.0206 0.0491 0.419551935 0.0161 0.0364 0.442307692 0.01024 0.03818 0.28944837 Notice that even during an extremely trendy month the weeks themselves had higher noise...

Here is the 4hr chart with the weekly pivot range and monthly A levels still plotted.

Chart The month started on that vertical dashed line.

I'm not using A levels. I'm using something called noise levels. I believe they were invented by a guy name Fat Tails on another forum. They are the smaller of open-low and high-open, averaged over a certain period. They work similiar but I believe they are more dynamic and can also give...

Well for me I'm not looking at a daytrading period. My main goal will be to trade monthly a ups and downs for my biggest trades with the weekly levels as my faster timeframe. I don't intend to look at charts more than once a day. Weekly pivot ranges will be a big factor. This is really an...

This title is an invitation for many of you. I returned to reality about 3 years ago and life is much better here. The first thing you have to do is accept that you are a part of the bell curve. For trading, especially daytrading, that bell curve is 90-98% losers depending on who you get...

I guess the real question is, do you want to be the Gollum? Do you? That is the path you are on right now.

You misunderstand me. What if your mind is gifted to discover cures for cancer or new foods to save the world? What if you could sit on your watchtower over the Middle East and solve the great crisis of our age? Instead you sit with your tower over the markets and snatch money from the meat...

Maybe. That is a gray area I suppose. But what about spending your talent on a self-seeking endeavor like trading? That is doing the world a disservice. People might starve because of your choice to not focus on more socially productive activities. With great power comes great responsibility!

You know if you trade index futures some of those companies deal in meat right? Hypocrite.

These people need to do a stint in the army. I see a line, I get in it. I see a group, I join it and do what they are doing. Can't go wrong lol.

I wouldn't even consider trying to backtest an actual trading system. I'm talking about testing to see if there is a correlation between opening range and total range for the day. I'm also interested in testing the relationship between noise levels width as a % of ATR and distance travelled...

One day is meaningless. I'm interested in running some stats to see if there is a correlation over a meaningful sample size. I might actually do it now that my deployment got cancelled lol.

Just open a frickin oanda account. You can scale it to your acct size. With your ridiculous talent you will compound it up until you own Europe. Screw backers.

Maverick have you ever ran any stats to see if there is a correlation between narrower opening range and greater % of succesful breakout? I am curious if it is better because it is more likely to lead to a larger move in relation to the open or if it is because it gives an earlier entry...

I'm not sure if you need to be a premium member to view this. it is a webinar by the guy that wrote that noise indicator I talked about before. He talks a lot about opening ranges, ACD, noise levels, pivots, and other measurements of volatility. I haven't had a chance to watch the whole thing...

Please post your bio. Age background etc.