Why is it all the same?

Discussion in 'Professional Trading' started by Bogwaluth, Jul 16, 2006.

  1. Is everything about day trading just some sort of TA on a 1 to 5 min chart? Does anyone use a tick chart?

    Since the building block of all charts is the tape and a tick chart is just picture form of the tape, I think that may help.

    I have been bashing though books in these past few months. Anything that mentions psychology or position/risk management I love. Anything that rehashes some crap TA is ok if it gives something new, any rehashing is junk.

    And it's funny, in the search for something I know what I am really just looking for is proof that it can be done.

  2. I do not use charts at all. I use Excel spreadsheets. I make 4 or more trades a day in Retal Spot Forex.

    I will not discuss my methodology other than to answer your question that your thread begs.

    IT IS POSSIBLE to be consistently profitable. I imagine of continuing with 3-7% per month for quite some time.

    Michael B.
  3. rosy


    you can look into bid-ask bounce and various price chg, duration, and transaction models