Thanks RedNeck. I'll think about what you wrote & reply later. I really appreciate it. I'm heading out with a friend for a hike now. First day in about 10 without rain, have to take advantage of it.
Good, i'm glad you have made a connection (only in your own mind of course) Your problem is the same type of problem that transpires through the usage of charts. You may become a successful trader yet, hold your original thought. Even as a group, retailers will not move the market, at least not in thier preferred direction. Liquidity.
DR, this type of trading is not for beginners, and, is definitely not as easy as using charts for trading. Unless one learns some very basic things about trading, then, one may find that one is going around in circles and really getting nowhere. Of course one can make money trading without charts, hell, I even do it myself at times, but is not the best and least risky way to make money, so, it is not wise to lead newbies down that path, unless of course you are privy to some real useful information like TE, and, if you are, then you need to start explaining yourself better, and start posting some concrete information that newbies can actually see and understand, otherwise, it is just more of the same old talk that does the trading circles, day in and day out, week after week, month after month, and year after year. BTW, we are not interested in what way some of the big financial houses trade, for, those idiots are not trading their own money, and, are really useless if left on their own, for, as mentioned, they are just like the factory floor workers, doing what they are told by others to get the job done. TE
You did not answer the question you were asked, and that was, why are YOU so worried about what DT does, or does not, do? I know this exile idiot you speak of, goes around with a silly picture of a queen and waffles on about shooting guns, a right dumb twit if you ask me, but, again, why are YOU so interested in what DT is doing?
Good post NI, sounds a bit like Time = Money Flags and etc are OK, as they are all straight, but PLEASE don't start mentioning the silly things such as MA, STOCHS, and all the other useless pieces of squiggly rubbish TE
The smile on my face Let's me win the damn race The look in my eyes Is no big surprise With a touch of my hand It's a grand And, what do you say For I do it best When, I do nothing at all TE
Wait, wait, wait, wait ,wait. TE, I will give you my biggest day trading edge ever right here in front of god and everyone: Place a 20-bar moving average on your 5-min chart. Using a small ruler, measure the largest distance from the 20 MA price moves before pivoting from below or above the 20 MA during the first 2 hours of the day. Once you have that measurement (in my case, 1 cm), you now can take a position opposite price movement once price reaches that distance from the 20 MA. Reversion to the 20 is almost guaranteed and sometimes you get the added thrill of a 20 MA breakout for a measured move through to the other side! My trading roomies have witnessed this in real time and can confirm it's usefulness, squiggly or not
Why are you trading Ftrs? Why are you not daytrading 100 shares with stocks? Why do you think it is easier to make money trading Ftrs over stocks? By % of leveraged account I meant the risk on your 4:1 daytrading account - $30K cash will give you $120K trading account, and the % risk is based on your $120K trading account for daytrading. If you don't have at least $30K then you are not in a good position if you live in the US, and, you either need to get a relative to open a CFD account for you if possible, or, maybe go with one of the US prop firms that do remote trading, with $5K being sufficient to start out. CFD is the preferred option, but very hard for US citizens to avail of this very useful and effective trading service. TE
Aha NI, you are relying on a squiggly line to predict a possible price level, and, this is not the best way to trade, for, you are ignoring the most important features of the masterpiece If you think you are making good money looking at squiggly lines, then, let me tell you that you can make multiples of what you make if you forget about them and concentrate on the real ART of trading, for, no squiggly line can ever tell you what is actually happening in front of your 2 eyes, and, all they do is distract you from what you really need to look at It is all relative. TE