Convexx, you are SO right!!! So JTrades = Tim Sykes! Is it insulting that I laughed at him following T Sykes?! The Xvids now makes sense. I did hear that he was a big fan of intimate videos; now we know what he exactly likes. Please send an extra bottle of lube this Christmas guys
My wife asked me if I wanted to join AAA the other day, (as I was bent over changing the flat tire on our car) is she trying to tell me something?
that is funny. this kind of money buys 2 bedroom apartment in better Sydney suburb. chinese guy snaps it over internet, via automated robot the moment add appears, so you cant even buy it. as a trader, he was crap. too cheap.
Have to correct two points here: I actually was profitable during the few months of live calls in chat and first three months of OPM. Nearly not as profitable as I planned, but nevertheless. Then things piled up (mostly stress and other psychological factors I believe) and performance dropped below the watermark indeed. That is point one. Now point two: I do not quit day trading. Just see it as not the only (and probably not the very best) way to make money. But nevertheless practice every day for a couple of hours to find my profitability again. Even better than before, it is now an interesting challenge for me, not the "must" thingie (I have a problem with my subconsciousness treating nearly everything except what I do for fun as coercion, so I feel much better when I do something cause I like it and not because I must do it ).
why not having simple dumb filter for daytrading: IF 10 day ATR < 100 ticks no day trade IF 10 day ATR >= 100 full on. that is what I have.
Not every trader use Average True Range indicator (if you talk about that). Not sure that it makes sense holding positions on forex overnight. Scalping with full or double lot during high volatility, using S&R - golden "backbone" for almost every scalp or day trading guy. It can reach 100 times - the number of positions I can open and close in a day. Though this plan is seemingly plain and simple, I could my find my feet only joining Hotforex, strange enough other brokers dismissed me for that practices..
It's too limited, one must learn to trade ranges as it's the most common market state particularly of mean reversive instruments.
Your filter has some validity but there are ALWAYS intra day opportunities. June was the perfect example... Even with the VIX near multi year lows, I was able to make a few ticks here and there. The key is to lower your expectations accordingly. While in June I was happy when I booked 4 ticks in a day, currently 8-16 ticks avg is definitely possible.