This is not too dissimilar to the "edge" debate that was had the other day. There was more than one use for the term and they were all equally valid. From Sle's perspective within the industry, fundamental to an edge is the structural component and prohibitive cost. For MoneyMatthew it was all about expected value, knowing in advance the mathematical edge that exists prior to the event similar to a casino, and my definition was any advantage that allows you to derive consistent profits due to markets being perfectly competitive. In the end, they were all valid definitions of an edge and can be used in different context.
I really feel that much of books that for last twenty years are like dog and pony act, there is no money made writing books on trading, so then those who do write either do so for ego or they have something much more they are hawking for far greater money. Writers steal from each other or steal from older works, I see much less or original ideas on charting or building blocks of trading. There is always going to be new stuff on computers looking for best greeks or computers learning how to think like mankind going for ticks, and yet the best traders go long term and dance option plays around their long stocks. Ever notice now that ES jumps 2 ticks at a time, I see this as only going to get more so, you either learn to get in before they do or you be "plucked". Retail can do nicely in longer term approach and having a job that you love to do M-F, job keeps home life happy and trading keeps future plans happy. Cause what I hear much more are husbands sit in front of there computers till wife goes to work then it is GOLF TIME...So they losing on two fronts, nothing coming in from trading and loss of outside income.
What is a setup with trend? Here, you first have to define what constitutes a trend, and then identify a setup for that trend definition.
From what I can see when expanding the avatar pic, it looks like Lucy Lawless from 20 years ago. Xela, are you Xena: Warrior Princess?
The only women I ever spoke with who traded done so with FX, so I was just curious if you had taken the same path as most women seem to take? CL is not an easy market to trade, so how do you do with that one? ES is easier than CL, so again, how do you do with that one? Do you use the same method for both, or different? Your avatar is fine, was just a passing comment.
Why do you perceive that women might take trading paths that are different from men? Do you have evidence, actual or anecdotal, that shows there to be a difference in the trading patterns of men vs. women? Otherwise, it does not compute in my limited brain.
No evidence to date, but hopefully we might have some soon? I have spoken with a few women over the years who tried trading, and all took to FX, more than likely due to the high leverage and low margins. It has been put forward by many that women make better traders than men, mostly due to their ability to control their emotions better than men. It would be very interesting to see some trades from a woman, how she actually trades (methodology) and how she manages losing and winning trades (risk management). The women I spoke of from years ago never actually showed any detail, it was just all talking, so I can not say what I thought of how they got on as traders, be it good or bad?
Why do I get the sense that within 24 hours, Xela will have responded to this with vengeance? Dunno', just a feeling.
I can not say what Xela will or will not do, in the same way that I can not say what I think of how Xela trades and how she gets on with her trading, as I do not know any details? I am very willing to engage in a worthwhile discussion around short term trading, that some may or may not benefit from, but it takes 2 to Tango.
You're not quite getting what I am on about. To even suggest that women may trade differently from men without any scientific evidence to back it up is, well, not cool. Especially these days.