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1. They are all Fibonacci numbers, I got the values from another trader and they worked well enough. The important thing to keep in mind is that whatever MAs you are using, they should be separated a factor of say 3 or 4 times the value of the other. I believe 20, 50 and 100 are simply too close...

Yes, but by high risk I mean that the chance of incurring in a loss is much larger than achieving a consistent profit. Most people are very likely to fail or turn only a meager profit. That's precisely the idea. Unless 1% - 2% of your trading capital is enough for you to extract a living wage...

No time frame, I use the results of the individual trades I take.

The best way to evaluate a trader's quality is to backtest the trades that they took. If this guy is indeed "live day trading", just register his results over a period of say a month (which is easy if the past vids are available, a bit more if not) and see how much you would've made in that...

If you actually stick to a single, 100% objective and profitable strategy, without resorting to emotion or trying to outsmart markets, pretty quickly I'd say. Some weeks, maybe a month. The thing is that you'll very rarely come across these, or be able to execute them properly, which means...

Sure it helps, but if you need meditation to keep your nerves together, you are probably using a position size that's way too big for you. Trading is an extremely high-risk activity, which is why you should use a mere fraction of the result you want to achieve in a given time. Ex.: if you're...

I absolutely agree with you. What I am saying is that moving averages work much better when you replace them with Bollinger Bands, that is, the average itself + X standard deviations. How you turn these into a trading system is a whole other deal and yes, back testing is essential. In the...

When I was doing some day trading using MAs, I used to have a 34/144/610 set of exponential moving averages. If they were aligned from shortest to highest to the upside or downside on the H1 chart, I'd go down to M15 and buy/sell into the first pullback onto them. This works basically in any...

Market making behaviour, IMO, is simply accumulation and distribution, which in turn is characterized by lower volatility and high horizontal volume over a determined period of time. If no clear trend is defined, look for where volume is concentrating, either on the upper or lower range. If...

Well for moving averages, they're simply averages of the closing price, not some magical support and resistance. I see a lot of people debating the "best" values for an MA and its calculation method (simple, exponential, Hull, etc.) when the fact is that it works if a lot of people act on it...

Please forgive me if the following sentences don't really make sense, I've had quite a few beers already. Indeed I forgot to state a definition for "market", but I totally agree with you. What I wanted to say is that the randomness of "markets" is not really something relevant, insofar as you...

I'm just barging in here but here's my two cents (I've been writing about this as part of a book I'm working on). First of all, markets are not random, markets are simply the place where people gather to exchange something. Price, on the other hand, is indeed random and there's no two ways...

Well they do work insofar as you adapt them to meet the requirements of a lower/higher timeframe. Ideally speaking, your system should indicate areas of high relevance in a given chart for you to use as a reference point, from which you'll set your stop loss and targets based on historical...

How are you my friend? I have not been posting here, I am actually caught up with freelance jobs and I am actually working on a small guide to what I call "integrated" technical analysis (which is simply using price, volume, volatility and fundamentals as part of every analysis). Has been going...

Okay, so this trader in Brazil (whose name I will not say here) is going around the internet claiming to be the "creator of probabilistic analysis" and named a theory after himself. I went through some of his videos, as I saw loads of people praising him for genius and noticed the very distinct...

Thank you!

What happened to Oanda's Currency Heatmap? For the life of me I can't seem to manage to access the damn thing anymore, as the old link now redirects to their promo page. I signed up for a demo account to try and access it, but can't seem to find it anywhere. Such a damn shame, their map was...

Well, it's hard to that when you aren't born heir to a fortune. All things considered, had he not been son to a millionaire, I hardly think he'd accomplish anything. In terms of people who got ahead due to political and financial influence, and made it all the way to POTUS, just compare him to...

Since I developed my own methodology (which is discretionary and volume-based) I can finish most days/weeks on the positive side, took me about 8 months to develop it and roughly three months to use it "fluently". I'm still fixing some psychological issues though, but the system works great and...

My two cents: day trading is hard, but things are often taken out of proportion due to the massive failure rate. The thing is, that doesn't take into account how easy it is to start day trading and losing all your money at it. If you focus on understanding market action (something along the...