DE123, ...hahaha, I used to be a sucker for taking my chips off the table too often too early....it certainly dented my P&L over the long run. If you look at the main time-frames where the trend can actually be "seen without having an indicator ...

Tips & Tricks from the full time traders??

Hi Jen, I hoe someone else might come forward with explanations and tips how to use pivot points - I simply don't know enough about them to give qualified advice. The only indicator I find useful myself is a modified version of the Parabolic ...

Tips & Tricks from the full time traders??

Hi Jen - here are a few essentials I have learned in my past 20+ years of trading: Ask yourself how you perceive the markets - what are your specific beliefs about the market? Build a method based on your beliefs - then trade that method without ...

Tips & Tricks from the full time traders??

Sun, I like that quote very much. Sometimes I compare trading with a relationship between two people. No relationship between 2 people is alway perfect - inevitably there will be arguments. No trader is always perfect - inevitable there will be ...

Trading: Part Science and Part Art

Bill, hi - ...yes I remember those days. Fond memories my friend. I have just started a blog since some friends encouraged me to which has my journey in the markets as the main content. If you are interested, you can find the link in my profile. It ...

Years vs Methodology...

Phil, I agree - ...it is subjective and definitions can vary accordingly. That is why I said in my first reply that I think your thread is valid. I can also imagine that (trying to think outside the box here) some exceptional traders' minds could ...

Trading: Part Science and Part Art

BLAST......hahahaha, Phil - you've put me in my corner....especially with the crayon part. I know many of the citings you referred to and frankly it sounds to me as ever when people are stuck for a reasonable (or scientific for that matter) ...

Trading: Part Science and Part Art

Bill hi, ...the term scalping originated during those days 20+ years ago when the guys and some girls stood in the pits of the CME, CBoT and LIFFE. That's where you could actually do it best. Here in the UK where it started late (in 1979, the ...

Years vs Methodology...

Mr M, ...you are welcome - besides, it is not whether something is new or not, it is about whether its good advise....and what you posted certainly makes great sense. regards daytrading

I hope this helps

...started in 1987, traded everything from comodities, equities, treasuries, interest rate derivatives for people/firms I worked for - since 2001 primarily spot fx for my own accounts plus some client accounts on a proprietary basis. I trade short ...

Years vs Methodology...

Mr Marketz, ...your scenario reads just like Fred vs the conscious mind in Ed Seykota's trading tribe. regards daytrading url

I hope this helps

Masmp hi, I can't tell you that - (I don't know your way of trading) What I can tell you is this: if your method relies on extremely accurate entries/exits (to a point or 2) and you trades are high frequency, then yes, having the "wrong feed" could ...

Metatrader data feed Help Please

Masmp hi, Unfortunately, I can't answer that since I do not use Oanda - in fact, I use an ECN outside the MT4 platforms. Having said that, my reason for chosing the brokers I have (MetaQuoates, Alpari, IBFX and Velocity) is that they are operating ...

Metatrader data feed Help Please

Hi there, Yes, you are correct about variations in data as a result of weekend data included in some MT4 charts (different brokers). It also happens on different time frames subject as to which time zone the individual broker uses. An example is the ...

Metatrader data feed Help Please

Hi Phil, the author of the book you were citing from is not available for comment and it is your thread - so I directed the contents of my post at you. (as usual without intending to offend anyone in here) I hoped you had opened the thread to invite ...

Trading: Part Science and Part Art

Hi Phil, The definition of ART as far as it can be defined - objectively or philosphically: Generally art is a (product of) human activity, made with the intention of stimulating the human senses as well as the human mind; by transmitting emotions ...

Trading: Part Science and Part Art

Jared, Hi - First of all well done for finding a way of trading that obviously suits you well and is profitable. It is a very long time ago that I traded such short term action. The only aspect that springs to mind immidiately is the cost factor ...

Day trading 1 min chart, hedging risk

Hi ST, with all due respect, what did you expect? I can't speak for everyone of course but I post a reply when I find the thread interesting - and not because I am bored or want to have fun. No one is telling you what to do either - you know best. ...

Why oh Why ....

Hi ST, sorry to be the devils advocate, but thats precisely the reason why I trade 100% mechanical - that includes the pos. size. In a similar case to what you just shared with us, my method would have dictated to stay in with the initial size (1 ...

Why oh Why ....

Hi ST, Strangely enough, only you can answer your own question in the given scenario. I don't know your rules of engagement. I don't know whether you had a lack of discipline, or whether it fell into your own discretion. If it was a discretionary ...

Why oh Why ....