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  1. Y

    What kind of effort is needed

    Ok sounds like you’re fairly happy with your entries and exits? If that’s the case then you understanding of market structure is screwing you up, and/or you’re breaking your rules. Gut sense is you don’t understand the direction of the market and you’re second-guessing yourself and...
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    Intraday FX Player

    you stuck to your rules and took a profit and that was great. You saw the hourly triangel and minute channel and that was good. Where you went wrong was the triangle - the breakout was going to have energy so you missed the big move. No matter, you are learning to look at the hourly - just...
  3. Y

    What kind of effort is needed

    I’d like to know more specifics. Swing trading stocks works so what’s going wrong with your technique - might just need tweaked. Are you trading daily of interday swings? My daily routine won’t help you as much as better entries and exits.
  4. Y

    What kind of effort is needed

    say round about twice as much time as you need to put in to play a musical instrument. I was a really hot guitarist - practiced 8 hrs a day for years. Depends on how good you want to be. Simple.
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    Intraday FX Player

    know you're sick and watching from the sidelines, but what about that? Perfect or what? Beautiful!
  6. Y

    day traders please explain to me

    chipper, get to know a small number of stocks very well and you can use your volume to do things others cannot do when you learn how the players react to your trades. It takes a bit of testing the market. For ex if you want to add to your position, sell a big block at limit in a quiet market...
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    Stochastics

    ... sorry guys, I meant to say the software is $600 and in my opinion is light years ahead of anything else on cycles but... the fantastic thing is it lets your creativity go wild
  8. Y

    Stochastics

    oh and to make it a no-brainer to locate Brian here's the URL His books are excellent, software astounding and if you want to go all in you can get the software and a day with Brian for around $10,000... http://www.qudospubs.co.uk/QHome.htm it works ;)
  9. Y

    Stochastics

    oops - in case anyone wants to research anything on cycles I spelled this guys name incorrectly... should be Brian Millard
  10. Y

    Stochastics

    Great question luckyday, but boy you are swimming in deep water now. To say that price precedes momentum and therefore momentum is worthless as a forecasting tool (as mentioned in this thread) is like saying the wave precedes the tide therefore knowledge of the ocean tides is worthless. The wave...
  11. Y

    wow, anyone catch that EUR/USD move?

    simple breakout telegraphed earlier
  12. Y

    what size can be day traded?

    Good point - your technique and timing will have a big impact on your results. Doesn't matter what you trade, if you trade the news you'll get slippage. The bigger the volume traded daily the faster the fill - that is so long as you are trading when it's busy. If the market is quiet and you...
  13. Y

    what size can be day traded?

    You can work this out for yourself very easily. My suggestion is look at the daily volume over the last 6 months and don't exceed 10% of the lowest daily volume over that period. That should keep you safe as far as liquidity is concerned. The bigger the volume the faster the fill. If you push...
  14. Y

    what size can be day traded?

    there are loads of stocks you can sink $20m into in seconds when the market is busy. Forget MM/stop hunters - get your trades right. If you are wrong it's not the MM or stop hitters - it's you. If it was a low liquidity stock you might have to watch the axe, but in big liquidity just get the...
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    Please recommend some good books

    he is a she... anything by Constance Brown
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    how long will a recession last?

    the wonderful thing about macroeconomics is that when you think you have everything figured out, there's one tiny piece of information you were not aware of, like the sub prime time bomb. And for it's next trick..
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    day traders please explain to me

    rofl :)
  18. Y

    Trading the Moon

    My friend the Moon - my ATM
  19. Y

    YumYum: This market eats negatives

    the easy money no-brainer move continues
  20. Y

    day traders please explain to me

    chipper you don't need to day trade to achieve that - you can do it position trading. But regardles of day trading or position swing trading - it depends on your skill. I can easily get +10% pm on a big account; you could easily get -10% trying to do the same... if you're not too bad of a trader!
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