have you explained how any system can beat random numbers in the long run. We some big stats guy on here trying to explain the same thing. He started talking about flocking. Which really was a cop out because flocking is organization on a smaller time frame. (in my opinion).
Only one trade today, 4 contracts deep. Today's price action was boring. There was really only this one pullback on the 2500 tick chart. I may have to switch to volume charts or something. 2500 tick was kicking ass last week but it was boring today. Total for the week: $1,791.70.
I will get into that later. It involves using another account and taking the opposite position. I originally was doing it long term with stocks. Depending on how one hedges, here are a few possible results: - A "winner" is slightly reduced - A "loser" is slightly reduced - Both long and short trades close for a profit on both sides There are a few more possibilities, too, but I'll discuss those later. I could write a book on hedging. There are so many possibilities that most people don't even think of.
I'm in my last trade of they day. If price hits 1170 before it hits 1165.50 then I win. If it hits 1165.50 first then I lose. Regardless, it's getting to be late in the day so I'm not going to take any more trades after this one. My first trade of the day was only 4 contracts deep and was just over $400 winner. If this current trade loses, I'll be net -$400 or -500 or so for the day. Not too bad. Stay tuned.