Sorry, i shouldn't have stated 'all', more like most. There is only one trading rule. 1) Stay onside. The rest of the 'words' take care of...
Rules of trading. Capital, leverage, margin, market, instrument, volume, daily volatility, open interest/DOM, pre-set trade parameters, order...
Absolutely. This is where prop traders have an edge over the retailers. They have no spread to pay, so working within the bid/ask is profitable...
To try and view the market in the terms or context of big and small is somewhat self defeating, because the bigger players will size down and...
I don't bother with open interest and volume any more. The reason for this is because it's all displayed in the price action anyway, so that is my...
Day trading is a time frame, that's all, what else is it? Why is it a pipedream? To generalise daytrading as a pipedream is just plain...
Some valid points here. I said that i trade the round numbers, i do trade the round numbers, but that is not my entire view of the market....
Emotion. How does the average retailer eliminate emotion? The average retailer trades TA, and there is a myriad of technical aspects on...
No probs. I use the 50 and 00 price increments to trade off the hourly candle.
Retail scalping, and i consider myself to be a retail scalper, is about using small bracket trades with a view to a larger time-frame. For...
Hahaha! You are only giving me 'chapter one', you funny little pumpkin head! How am i supposed to know the end of the story with the rubbish that...
Volume: The Facts. All traders should learn how volume affects price, without this knowledge of volume a trader will not fully appreciate the...
If volume, or the effects of it, move price, then surely the price will reflect the volume signature?
Precisely, that is why true professionals use only very short periods to be in the market. Time is the real edge, because time brings...
Look, at any one time you should be running your most profitable system, so why should your 'win-rate' be such an issue?
You don't choose a 'win-rate', it chooses you.
There are not many members on here who can actually read price action. The reason for this is because they do not know why or how price is moved....
When a market drops to new lows sell orders are triggered creating liquidity and the contracts are bought back up until the liquidity runs out....
Most professional daytraders will trade only from the DOM, which is in contrast to the losing traders who draw lines on a chart and use indicators.
Daily parameters are ok for the retired guy who likes to toy with the idea of real trading, but can't manage to escape the grip of buy and hold.
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