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You want to make money or you want to understand why the market moved this way or that way? :confused: Don't think, follow the trading rules of a fully backtested system, that's all there is to it.

Drownpruf, here is the weekly chart of the Dow Jones for the last 5 years, for example. Look at it and tell me if the "HFT monsters" could have prevented you from taking a long position and making a killing with just a couple of moving averages (or with ANY simple trend following technique for...

Interviews are fine but I am still looking for an HFT book that says something like this : - "See this profitable trading system here? Well it's no longer profitable due to HFT activity and here is the proof". I mean could anybody name just one? :confused: One thing is for sure though...

You are welcome Alpha Trader.

Very nice indeed, it's a mix of reversal and trend following techniques, I trade that way too. Your support and resistance lines are also clearly defined and located at the right spots, while your exit points are remarkably accurate. I guess you really did your homework, and homework for me...

What an idiot! He could have bought more than 1500 e-mini S&P 500 contracts (let's say before the Non Farm Payroll report) just with that money and at least he would have a chance to win big. I mean stealing for stealing, why not give yourself a chance to hit the jackpot and still stay legit?

I could not agree more, price action trading is the closest thing to the holy grail and delivers far more superior results than all the usual indicators combined.

I truly believe that more and more books, movies and CD's are going to be sold digitally or viewed in streaming mode, instantly, no more shipping. And companies that can deliver that type of product/service in the most efficient way are going to make a fortune. One thing is for sure, people...

Oh no, far from it. Here is an example: a backtest reveals that Forex system A makes 10% a year on average, while Forex system B makes 20% a year. Upon close examination I choose to trade system A and end up making more money than system B, with the same trading capital. :confused: Can you...

It seems that some traders are trying to persuade other traders to dump Amzn in order to... 1: Short the stock and make money, at least in the short term. 2: Buy it for cheap later and make money. One of the oldest tricks in the book...

Oh, sorry, I didn't know that if you post for 14 years you automatically become an expert. Dustin may be a good trader but he is dead wrong on this particular issue. Risking real cash on untested systems is insane, period! And please watch your language, there is no need to be vulgar.

I never said that, all I am saying is that trading a "system" immediately with real cash before testing it with historical data (to at least make sure it is not a losing system!) is insane. If you have a problem with that simple fact that's your problem. No, I did not find any holy grail...

Is that so? Take a look at these trading systems, then come back and tell me that a backtested trading system cannot perform for decades and decades, with the same exact original parameters: http://media.futuresmag.com/futuresmag/historical/Issues/2006/7/Documents/Top-10-Trading-Systems.pdf...

High frequency trading is the hot new thing right now, and every trader and his cousin will try to convince us that they have a guaranteed system that will "beat them at their own game". Yeah, sure, we are going to beat super fast computers connected directly to their liquidity providers via T3...

Oh I see. Well I guess if I showed you a backtested "system" that consistently lost 10% a year for the last 25 years, you would "forward" trade/test it immediately with real cash, because "past results are no indication of future performance". After all, only clueless traders seriously...

In other words you prefer to risk your money immediately on new, un-proven trading systems instead of testing them with historical data first and THEN trading them, if they are indeed profitable and do not generate huge drawdowns. Do you have ANY idea how much money you could lose with that...

Whatever.

No kidding.

True, but trading a "system" without even knowing its average profit (loss?) per trade, its maximum drawdown and its return on investment (if any) is beyond stupidity. Would you buy a used car without even test-driving it?

Well, you heard the man, just transfer a hundred grand from your savings account to your trading account and start trading ANYTHING that moves. If Intel or Google or Horse Shit futures are moving just buy. Do NOT think, just BUY, BUY, BUY, whatever is moving. And of course do NOT (I repeat...