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While we never know what tomorrow brings this is how it must be bet. In my mind this says it all -- technical and fundemental. This game, in this issue, has radically changed.

The thing about Marty was that he saw it as a ride ... not a battle. He didn't want you to fight the tape or fight the FED or swim against any of the big tides. And unlike many he said so plainly and often. He was not a guy looking to buy bottoms or sell tops. Smart guy.

I'm not suggesting he was a one trick pony because he was not but he had a core belief: DON"T FIGHT THE FED!!!

I have heard IB's feed is terrible for intraday trading ... say off a 5 minute chart. Can anyone comment? I know it is a pwerhouse firm just really inquiring specifically about the data for intraday use.

I'm going to bump this one as I have heard the same thing about IB data being sampled and untradable and am curious. I use Rithmic/Crossland for CL. Can anyone comment on the IB feed using a 5 minute chart in general and/or Brent specifically?

I don't know if "at law" or by regulation it is a conflict but the optics are horrible. As a previous poster said you might want to give your clients the option of choosing your personal strategy.

They have been highly regarded in the equity world for many years and, baring that one huge software glitch, are a very well run firm. I have no direct experience with there futures side.

It may not suit your purpose but I think the UK still has some perpetual Gilts outstanding.

I think Gross is one of the smartest guys around. And I believe the instability in the system is incredible. That said, sometime in the last couple of years Bill has become another talking head. He shoots for headlines and, of course, gets them. Problem is it has become impossible, as with all...

My comment was specifically about Martingale and I'm not sure you get the gist of it. You never win more than your starting bet will give you. The doubling process means that at the point you have 8x your original stake on the line you have already lost 7x.

As Epic has pointed out the biggest problem with Martingale is that your size needs to start so small that your returns are meager. If you add in the medicine you will require to control your blood pressure during the deep draw downs close to non-existent. Scaling into a trade is one thing...

Yup -- lol.

No offense taken.

ammo, I have read your posts for years and respect what you say. But if you look at the context he is talking trades/setups and you are talking levels and Market Profile. In your context you are correct in his he is absurd. He wants to believe that the simple act of posting losing trades...

Don't be fooled by his change of tune. It is his MO once he has made an ass of himself. He was never talking about scaling into a trade. Here is what he said: oh for crying out loud, some of you couldn't think outside a paper bag let alone a box system buys 100 shrs hit rate about 50%...

Yes, of course, scaling into a position is a valid way to enter but thinking the market has a memory (I know he says he does not believe that but that is what he describes) is an entirely different proposition. In the context of his comments it is doubling down on his full shot.

Agreed.

The logic escapes me but I wish you luck in your approach.

Therein lies the problem with your logic. You say the traders do (and, yes they do) but only the traders do ... not the coin, not the wheel nor the market.

There is no best bet. The coin does not have a memory. That's the point. It's not blackjack.