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Let me make a few comments. Using Max Pain is no different than any TA pattern, by themselves they give you only a slight edge over random entry; however, use some common sense and some filters and you can have a solid profitable trading strategy. Market Makers can push the market when...

The CME recently launched micro FX futures 1/10 the size of traditional FX futures. You should not be trading leveraged instruments if you are not sufficiently well capitalized. The smaller your risk capital, the greater the risk of failure.

If you use an ECN broker, you will get a fairer deal.

If you learn Python, you can use matplotlib (it's free) instead of MatLab. That way you can use Python for programming instead of learning the MatLab scripting language. Another useful Python add on module is Scipy (Scientific Tools for Python). It's free and has most of the Numerical...

Sorry forgot the link http://www.awaretek.com/tutorials.html

Here's a link to a list of Python tutorials (21 for beginners). Bill

C++ is a difficult language to learn. Let me recommend Python (www.python.org). It is free, easy to learn and use. One of its design goals is that it be usable by the average High School graduate. It is ideal for non programmers who need to write occasional programs. It's philosophy is...

Hello NTW, I did a preliminary statistical study of your trading method. It appears that you have found a tradeable edge. I don't have time to do a complete analysis (maybe later in the year) to thoroughly test it and possibly improve it but I can pass on some ideas based on my observations...

Part of the confusion comes from swapping some LSD's with SLD's without changing the name! I have a better understanding of what you are doing now but some questions still remain. Let me write a description of my understanding and you can point out what is incorrect. 1. Look at the...

Hello NTW31, When you 1st explained your calculations, I thought I understood what you were doing. I made a spreadsheet from the hourly OHLC data (freedata from finam http://www.fin-rus.com/analysis/export/_eng_/default.asp) The results look nothing like yours. There is always some...

Hello IF, The rule you are trying to use is too simplistic. It's critical that you learn to ID congestion. In congestion the highs and lows of bars get violated frequently by a tick or 2 in both directions. What I see on that chart is congestion followed by a minor breakout to the up...

When going short, you don't short the low if any bar, you short the low of the high bar (so far) of the correction. Your 1st trade did not meet that criteria. Your second trade was in congestion, that's a no-no. What is congestion? I know it when I see it, it's difficult to explain but...

What size chart to use for trading depends on the trader. IF already has a chart size he feels comfortable with and its OK for him to use it. Once but if it is violated in both directions, I usually like to wait for it to be re-established before trusting it. I don't understand this...

Hello IF, I am going to repeat a piece of advice I gave you several months ago in another thread. Pick one setup and learn to trade it. Learn all its nuances and make it your own. Stop jumping from one thing to another. Stop asking is A better than B. There is no holy grail. There is...

On intraday charts closes (and opens) are not important. In fact they are different on different data feeds. The entry technique I showed IF does not depend on opens or closes. It is based on PA.

I am posting the chart with my marks to show you how 2 people looking at the same chart come up with different trades. All the trades marked my OP were not trades in the direction of the trend taken from a PB. The 3 I marked with blk arrows are. All profitable.

1st you need to make sure you are not in congestion. Thinking the market is trending when it is congestion will cost you a lot of money. A very simple way to define a trend is when a breakout of congestion or a swing hi/low occurs. You can trade the 1st PB (Pull Back) after the breakout...

Hello IF, Let me give you a few practical tips for trading PA. 1. Determine the direction of the trend and only trade with it. (don't trade in congestion, don't trade countertrend) 2. The earlier in a trend you enter a trade, the greater the chances of success and vice versa. Prices...

Broz trades DOW emini, Bonds (10yr and 5 yr notes). His methods have not been tested in other markets. He does not exactly say that. 1st let me give a brief overview of what the vid's contain so people who did not watch them can follow the discussion. Broz's primary tools in trading are...

That is not precisely correct. What charts are composed of are T&S, actual trades. The DOM (Depth Of Market) is the Market Makers order book. It only shows Limit orders. There is a lot of 'noise' on the DOM because orders are continually being placed and canceled. There is also a...