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Volente has been trading for many years and that too successfully. So, its not fair to assume that he is lying. Maybe Volente typically holds positions overnight and he might be adding with the view of swing trading it. Just the way ammo trades it. And Ammo does go upto 40 contracts. So...

I am rounding off the numbers so thats why 900 negative from 2900 gets you 2100 :) Thanks Macho! Regarding outline, I am mostly doing 4 different things, all of which basically capture the way prices move intra-day. 1. Following Momentum - this takes form of higher highs, lower lows...

Its a bit off-topic but I want to put in a remark here because you raised a good point. I think the best way to compound anyone's total trading capital is to have 2 accounts. 1 account should be traded close to Kelly or "optimal f", and other account should be traded with reasonable risk...

Yes came up with them myself. Took hundreds of hours of research and playing with data (making sure not doing much datamining) and many thousands of dollars in losses (when I was very new). As per your point that FX markets are hardest markets to trade, I found them easier to trade compared...

I plan to reduce risk after I am able to runup the account say 10x or so. Number one reason is I am starting with a very small account so even if close to kelly leads to losses, it wouldn't have any effect on my living standard. Point to note is that I need to be extremely unlucky to blowup...

Fair advice so let me do a quick reply: I maintained a separate account for sim on which I ran just my strategies and I was profitable 6 months out of 6 months. My last journal was not positive because I included strategies + discretionary. So I was net negative on discretionary. This journal...

Update for week 3 ending Apr 13, 2012 : -900$ for the week. Miscalculation of stop point and then few losing trades in a row took my account intra-week below 2k, finally ended the week at 2100 USD. When account is very close to 2k, it requires extreme patience to take those 3 trades in...

Yes still solvent, but this week has been negative. Haven't done posting yet as I had huge internet outages for last couple of days. I have just connected, will do a posting later, if internet remains OK. Have traded only 2.5 days this week, had to travel to another city as someone close...

I think it is very sound advice generally speaking. But on specific cases, it might be possible to make money off algos. To OP - From your pictures, it seems there is merit in what you have seen. So there is a clear autocorrelation at least as far as having same volume getting transacted on...

Great Call!

stopped !

sim short 1372.75 2 point stop

got stopped out at 1370, my original trade was correct. Yeah this board is really dead!

price reversed strongly....closed trade at 1372.75,now long 1372.75

short 1373,stop 77, target 69, so R:R 1:1

You were making sense in your first two paragraphs. But going forward reading other paragraphs.... I had a Wow! Man, I must admit with this post you have cast a serious question mark on your logical abilities. Or maybe you were drunk when you typed this post out. In that case, I apologize...

Above line was the best :) Thanks a lot Mav for being so open about your position and sharing your experiences. I always learn from your posts. I wish you best of luck and great success with your market neutral ETF strategy. Have wonderful profits this year.

Thats very interesting Mav. I never expected it to happen even in my dreams. Are you sure you are not kidding us - it is still April you know :) Seriously, if you have joined, I am curious why have you joined. You have been trading futures for so long, why sudden move to equity trading (I am...

I like a lot of your ideas - especially your approach of amalgamation of subjective and quant trading, your emphasis on time of day, your approach of market classification based on "mutually exclusive and collectively exhaustive" criteria etc. These ideas resonate with me, as I currently employ...

Interesting point of view regarding ES. You have your cycle theory there. Btw, a large portion of these posts (maybe 70%+) has been made in ES journal posting real time calls. But yeah I agree I do spend quite some time on ET. Have definitely benefited and have been exposed to some ideas which...