Your skepticism is understandable. If you didn't like my reply to you once before explaining why, I don't see what has changed for you to like it now. To repeat, I'm more interested in interacting with folks who are more in vibe with "show me insight and understanding" vs "show me the money". One's about doing the necessary work, giving and paying it forward, the other not so much. Both sentiments define radically different life trajectories and opportunities. One will lead to the other, and the other will be the long way to the One. It's a stumbling block that requires intention to transform into a stepping stone. Upon arriving here, I didn't post for years, instead I got to work to learn a method, then another, then another,... "Fall down 7, get up 8" This site has my greatest appreciation and gratitude. Answers are literally a couple of keystrokes away. It was the evolution of my questions that led to better more fulfilling answers. If one's time here is not producing the results they want, perhaps it has more to do with the current questions being asked and the manner in which they are asked. Anyone can start at anytime to engage in purposeful learning. For me, it started by testing this concept with my due diligence: Volume leads price. Most when hearing it, will perceive it differently than someone whom has done the work by doing drills to expand their perception of the market. It's like a one-way mirror. One side can see more than the other. It's just the way it is. It's about building one's mind via creating differentiation where none existing before. For me, that has come from listening to very different viewpoints than my own. I do have standards, violations earn an unceremonious ignore. yet work is offered support. Volume leads price, always with no exceptions, noise, flaws nor anomalies. Any exception, flaw, noise or anomaly that are perceived are an insight away from dissolving, some require a cascade of insights. Do your DD.
A fair point. I think I found one such case. The link is in the first case. To get me started, can you point to a couple of keywords for searching? Thanks!
Ed Thorpe's articles on statistical arbitrage. One of the first things I found that actually described a legit edge that still worked at the time I was reading it (unfortunately no longer working today but other elements of those articles are still relevant today to someone just getting into statarb).
Not sure how many among you might remember an user called Lefty. His posts, especially the ones he posted over here before leaving the site has helped me a lot.
Here is another one, http://www.econoday.com/economic-calendar.aspx How do you determine the applicability of a news to your trading instruments?
https://www.elitetrader.com/et/threads/using-pivots.50736/ This is one of the threads he had started before leaving the site. I would recommend going through it. Most of the concepts explained in that thread might seem trivial to the experienced traders. But, his suggestions helped me to wade through all the noise out there and focus only on what mattered at the end of the day.
If you can't trade longer time frames, you definitely can't trade intraday. Use wide stops. If you try the short term game at first, you are going to have all of your money taken from you.