Is there a trend? If so what is it .. up or down? And what length of trend do you mean .. 5minutes, 5 bars, 5hours, 5days? Of course if you want a perception of temporary direction anybody can consult a SMA if put on your live chart.
Then there is when is it a range and when is it a trend...
The 'friends' your refer to are your numerous aliases under which you manufacture sh*tloads of tedious & banal tripe .. no offence intended, of course.
:(
No, here it is a trading world.
So stick with keeping your cash in a savings account and just use your fantasy to give youself a nice warm glow when you go to bed each night.
:)
Well of course there is the greater pace & assumed volatility in the first hour&half and the last 2 hours (eg YM).
If you trade just the pacy morning part, you are really saying that is as much emotional confrontation with the market you can take in one day. I can understand that. If you...
If the main theme of this thread is big moves, take the last 17 days of the YM. Its a little above the norm of the past 3&half years.
Of the last 17 trading days, 14 have had a range of 100+ points. Of those 14, 8 have been in a 150+ range!
:)
It would not even occur to me to not believe in myself. However I never use that belief to do other than concentrate and learn to know well what I'm doing in trading or in business.
Usually when growing up each of us gets enough motherly praise and the right fatherly example. The only factor...
Boredom in Trading
One answer is to move to training paid assistants to trade markets for you. It will depend on the success and transferability of what you are doing, whether you are an effective delegator and also if your own aspirations are big.
:)
6. Put a large sum of money into your trading account.
7. Watch it all or mostly disappear.
8. Report back to ET on one of the 'How I jacked away all my money'
threads.
:)
Part of the desire for a mechanical system is to avoid what the mechanical player sees as an otherwise unproductive emotional confrontation with the market.
I never invested any time in backtesting. Anything that produces drawdowns is a less efficient means of taking money from the market. It...
The only direction that counts is the upmove or downmove you enter. Obviously a suitable SMA can very roughly mirror upmoves/downmoves in a given timeframe or size of tick, volume or range bar which you are trying or using on your chart.
:)
Market liquidity is the answer.
Day traders with all other participants in a market provide or add to the liquidity. This should not be under-estimated. Liquid markets are at the very heart of the sophisticated functioning of the US and world economy in its modern context.
So make your...
Sadly yet again there is nothing greater in human affairs than the scale of self deceit.
Someone in the community did at long last check and so expose the fraud by the perpetrator. I'm not sure whether this clown started out with the false hope of gambling the funds to make big returns...
Willpower does not have to be a summoning up of all your energy.
The power of your will is important. It leads to the successful conclusion of any quest you undertake. Of course an open mind is a corollary. And people so often give up or acting in indirect forms of transference offer excuses...
Well anyone would wonder why someone selling trading advice would not have the knowledge to have already made himself a fortune such that he wouldn't need to be selling anything?
:)
I mentioned this thread to a member of my family who as result went over all the home keyboards giving them a good cleaning.
At the same time the monitor screens were all polished clean!
My goodness .. the impact of ET!
:)