Professional Trader - Ask your questions here for the next few days...

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which other traders - and how do you know what level they are watching? not trying to critique you, It's just not clear to me your meaning.

TT

P.S this thread has been awesome so far! It has been a great read, all my questions have been answered, thanks...

Quote from DisciplinedHedg:

I've never found moving averages to be useful in itself. Only when other traders are watching a certain level do I start to watch the same level.
 
Quote from trading_time:

which other traders - and how do you know what level they are watching? not trying to critique you, It's just not clear to me your meaning.

TT

P.S this thread has been awesome so far! It has been a great read, all my questions have been answered, thanks...

I don't watch the 200 day MA. But there are times when I will start reading how the market is approaching the 200 day MA so it seems that it is becoming an important level. So I will keep that level in mind.

I guess "indirectly" I do watch the 200 day MA. It's just that I don't watch it for myself, I watch it because everyone else is watching it if that makes any sense.
 
Quote from NoDoji:

RN, it looks like the attached chart :D

When you see the price bidding up as 1000-6000 share prints scroll by so fast on the Time & Sales you can hardly follow it, I think you can safely jump on board at any time and be guaranteed something green. :p

I'm with you NOD - 110%:D
 
Quote from DisciplinedHedg:

Basic example...

Generally, as the market goes down, the vix should go up, and vice versa. When it doesn't, or doesn't to the extent that it should, take note.

Thanks! vix datafeed updates only once every 10 seconds (as I remember)... if you watch ticks on ES, the vix would be lagging... wouldn't that be confusing? Do you also pull up a 10 seconds chart for ES or no?

Also why do you think the relationship diverge?
 
1) Sharpe Ratio ? Correlation Barclays CTA Index ? T Bonds ? Other Benchmark ?
2) Average monthly RoR ?
3) Winning Month,Losing Month ? Recovery Period ?
4) Do you watch 240 min charts ?


:)
 

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Quote from biz for years:

oh yes lord you got a hint and now you want it spelled out in detail

Where I am from its called, "taking shoulder when hand was offered"

biz, if you know it, I will take your answer into consideration too... I would not subscribe to the whole divergence theory unless I think I know what is going on behind the scene.
 
Quote from DisciplinedHedg:

I sell puts or buy futures when I think the market is going up, and I sell calls or sell futures when I think the market is going down.


What time frame are you focused on when you trade this way? In other words, how far are you projecting ahead when you decide the market is going up or down and then execute a trade?

Thank you for sharing.
 
Quote from DisciplinedHedg:

Another trader (gnome I believe) did something similar, and I thought it was exceptionally beneficial to many.

So here's my contribution back to ET, since it was one contributor of very many contributors to my success back in the day.

History - I started trading 16 years ago. I began trading professionally and somewhat consistently profitable 11 years ago. I began trading much more consistently as well as managing money several years ago. I've always traded at home and still do.

I trade futures and futures options primarily - ES, NQ, and TF.

I won't answer questions that are personal or that I feel don't have any trading educational value.

I'll answer as many questions as I can in the next few days or when interest wanes whichever comes first. Then I'll have to close it, as I don't have that much free time.

I don't know everything, but I'll do my best to answer questions. So feel free to pick my brain & experience in this thread.



In a place that you said has minimal value (ET)...

and that you said provided boredom...

and given the fact that you are pretty anonymous...

and that we get a lot of paper traders that claim to be special

why do you think "Professional Trader" applies to you?

and why do people so readily fall all over themselves to prostrate?
 
Quote from watchman:

What time frame are you focused on when you trade this way? In other words, how far are you projecting ahead when you decide the market is going up or down and then execute a trade?

Thank you for sharing.

Options I trade are front end, so usually 1-3 weeks time frame.
 
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