Search results

Why not pay your amigo to teach you to trade. regards f9

Hi there 99, The reason why so many fail at this game is because they simply do not understand it and see it for what it really is. Year after year they sit in front of a screen(s) drawing colourful lines and writing complicated codes in the blind hope that success will suddenly fall upon...

If 51% is realistic to you then so be it. Let us all hope that you do not hobble yourself with constrained thinking. regards f9

terrific MB. As I say, if you believe in everything that you have written, then just go with it. In the meantime, trading will continue to be nothing more nor less than making consistent big money. Less than 15% of the strikes make up more than 80% of the market. The traders placing...

fair enough MB. If that is what you believe then stick with it and go where it takes you. The reality of trading is that it is all about making consistent big money. The application of probabilities is the journey not the end ... gambling never enters the room, when you are trading...

I hate to be the one to burst this lovely bubble, but "have an edge" is dreamland fantasy talk. Either your monthly brokerage statement is positive and growing or it is not. This game is only about money; the rest is just words. regards f9

Interesting analysis. Given you are speaking from experience you appear to have hobbled yourself with constraints. I think that consistency is among the most difficult of human achievements and I really cannot comment on 1-2k per day. regards f9

gm aeliodon, "The Most Gut Wrenching Trades are the Winners" It is all in the mind as has been already mentioned. Once you have got to grips with the mechanics of trading ( less than 20% of the journey) the fun bit begins. You need to create a philosophy all of your own based around...

Interesting conversation. I am a self taught Trader of eleven years and if I had my time over again I would make coffee in a wall street trading house for nothing rather than go through my learning curve all over again.... providing the people for whom I made coffee were consistently...

hi mmrreedd, In my style of trading the ES my frames are very short and so at any given time I can see less than 30 mins of price action on my screen. I do not have time to look to higher frames and in any case it now confuses me. But instead, I do have market structure from a frame 3x...

Quite right bd. It is all to do with order flow. regards f9

Interesting. Well I have never meet a trend that I could trust especially the ES and so I trade momentum, which I suppose you could argue is a very short trend identified after it ends. With momentum on the ES all days look the same, you simply buy and sell. In fact if I did not have a...

The price of oil has escalated far faster than the dollar slippage over the past 5 years .... far far faster. You are being too simplistic in your thinking I fear.

I dont trade the ES in the manner of this thread, namely trend trading. However I do rely upon frame reference and I prefer 3:1. However if A prefers at least 4:1 so be it. regards f9

hi BD, Your bar reference is 10:1 which in my opinion is too wide to give you any real meaning. If I may, I would suggest 3:1 as being a superior reference. regards f9

Avarus is correct, it is in the momentum. I run volume charts so I am not certain what he means by volume, simply because there is no shortage of it at the open. You may need to preload limit stops as it is all a bit busy around the open and flatten them if you do not like the action. I...

Here is a passing thought for those of you who are watching the T&S. You are probably wondering what setting is best for your filter. Well you have an impressive amount of firepower on this thread so why not run a bell curve on the contracts per strike and see where the likely cutoff...

Interesting point of view RT. I gather that you want my input into ORB for which you are prepared to offer nothing in return. regards f9

outstanding post Sir.