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Haha - great work there Josh in debunking the myth. Yes your logic is correct. Btw, I will name the vendor - Larry is one of the classic scamsters - and he also manages to get time on TV - thats amazing. Guys running bloomberg and cnbc are not ignorant that they don't see the garbage that Larry...

for casino example, answer is obvious. Just calculate your end of day, week, month, year take using proper kelly on each game and play the game which maximizes your return at the end of time period. For real world trading, where you can't assume kelly - if you have to choose between multiple...

Thanks, I looked at it. I think looking at last 10 days range and last couple days low/highs are a much better way to anticipate today's range and the point where selling/buying momentum is going to stop rather than implied vols. It basically does the same job, just complexity is reduced.

+1 I read a thread on this topic on traderslaboratory around a month ago. As far as I remember, the conclusion was having a very strict and a particular criteria did had a >70% probability however when you make the criteria very particular, the number of days per year fell to like less 30 or...

google autorefresh and the browser that you use so if you use chrome, google "chrome auto refresh" you will see a free tool that can autorefresh your browser tabs at a specified time that you can setup.

LF - that was very clear explanation. Thank you.

Thanks Josh, that was educative. I assume green color is buy volume (buy delta) and red color is sell volume, in your attachment. Correct ?

out at 1347, now short again at 1347

out at 1346.5, and now long 1346.5, target 1 point.

short 1345, stop 2 pts, target will see.

tightened stop to BE, very close to target out at 44.5 for 1.5 point target.

short 1346 target 1344, stop 1349.5 R:R = 0.57, but should be high probability, will probably tighten stop later on

Thanks Trvlwanderer and Tortoise . that was helpful I will do a search on R10 thread!

I wonder what exactly is R10. Volente always talks about it - but I have never seen a post where he has explained it. Maybe he did somewhere, but i haven't located that post yet, even though I have tried to research a bit of Volente's historical postings :)

What helped me speed up were 2 things. I just coded the levels that I wanted to see - which were yesterday OHLC - so I didn't have to calculate any level everyday. The trading platform plotted it for me. Secondly, I was looking at following specific things - double tops, double bottoms, trends...

out at be. 4 roundtrips today, loss of 1 point overall without commission.

long 1340

Stopped. -3.5 points on this one.

Talking about the break, in my experience, its a very healthy thing to take from time to time. Just taking 2-3 weeks of break and either going for a holiday or even better immersing yourself in research, helps "me" a lot - i hope its the same for others also. The biggest improvements I see on...

Thanks dear Josh like always. I had taken a 2-3 week break from trading and have been back just this week. Not completely with the flow yet.