Couldn't have said it better myself, there's no reason to blow up your account in daytrading, if you're losing money every day it's time to stop...
Download Ninjatrader, use the sim account until you're showing paper profits, then test the waters with real trades. I lost $23k before I realized...
Honestly... capitulation? bottom? The daily charts don't look nearly as impressive as the headlines screaming biggest selloff in 7yrs. The PA...
Assuming that sloping (non-horizontal) TLs on a time chart do sometimes have genuine predictive value, I really doubt that TLs drawn on any other...
A good rule of thumb for ES is that commish and slippage will cost you (0.6)*nTrades in points. The 0.6 points includes 0.5 per trade (minus 0.25...
I don't understand why there's so much hostility. God forbid we should talk about trading methods on a trading board... Anyway I can think of a...
Seems crazy to play with LEH, it could go bankrupt or get bailed out at any moment... if there's going to be a manipulated or insider's market...
Well that's the point... If you want to hold the currency down then you need to sell enough of it to fill all the bids at the current price, so...
Yes. That's basically how it happens. Your currency goes too high, increase supply to push the price back down.
AFAIK the thing about your strategy is that it's counter-trend. There's a big difference in averaging down shorts in a downtrend or sideways...
What does "starve the beast" mean in practice? It means spending stays the same but taxes on the rich go down, and the difference is borrowed....
The question is whether you want a party that: 1. Spends lots of money, gets in lots of wars, borrows the funds to do this from Communist...
Palin is a right-wing fundamentalist nutjob. If that's the type you want in the WH she's your woman. Neither party really does it for me these...
It's not really the case that Trader B doesn't use stops. Consider the following: - Trader A says, "If this position moves against me by 3...
err this is wrong. You have to state your income and approx. net worth but not provide "proof" and I don't know whether they actually make use of...
The problem with trying to track "big players" using the T&S or any kind of exchange datafeed is that individual orders are limited to the size of...
Considering how poorly-run many companies seem to be these days (Bear Sterns/CFC/LEH/Wachovia anyone? How about General Motors?), having the...
The visual-smoothing is the big thing for me. My main problem has been that I'm always getting in too early. I simply found HA a useful means of...
Well, I was today, but there's probably a better way to do it. It looks like I got decent entries but P/A might have just been friendly today....
As I recall some HA indicators (like, IIRC, the standard one for Ninjatrader) actually draw bars using modified OHLC figures. I just color my bars...
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