Perhaps I generalised a little and conflated this particular one with all 'trading' contests. I added that this one seems relatively tightly controlled (live server data, rather than 'contest data'), but it also wouldnt be the first time that ...

james16 Chart Thread

I'm using a 5yr average rather than spot, but yeah - I imagine that kind of demand could drive prices up, Hunt Brothers style. Then again, I guess at some point you would just buy Australia and South Africa, so that's gotta lower your average cost ...

james16 Chart Thread

Sorry, my fault - poor phrasing. Where I'm putting the stop behind a PPZ and/or BRN, I usually put it 10-15ish pips behind that...so your stop will actually be (distance_to_PPZ + 10) pips, if that makes sense? Have just found that where price does ...

james16 Chart Thread

This is a very nice way of saying dont tap on the glass

james16 Chart Thread

I'm a big fan on basing your stops on PA. Makes sense to me that if you are going to enter on PA, you can use it to give you an idea of what price might do after you enter. If there is a big PPZ sitting on a BRN, my short entry is always going to be ...

james16 Chart Thread

If you really attained the 20% per month that the guy earlier claimed, in slightly less than 14 years, you would have compounded your $500 starter account into enough money to build a 50cm wide, 10cm thick walkway to the moon. A walkway made of ...

james16 Chart Thread

Someone needs to post an mp3 with the correct pronunciation. I am fascinated now.

james16 Chart Thread

Attrition bias is fun. The result from these competitions are largely meaningless, because the conditions are completely artificial. And so the constraints that ordinarily apply in the real world are removed. There is no penalty for losing, and no ...

james16 Chart Thread

lol, if I ever do write a book, I'm gonna owe you royalties on the section entitled 'Why the free trade (and Jaroo) is smarter than you'. *edit* 500 posts!

james16 Chart Thread

lol, we had been practicing PA for another 3 or 4 months before that. Everything you need is in here* *either in writing, or in Mike/Jim/Jim/etcs heads. Fortunately, they share that

james16 Chart Thread

Not really. Everyone uses a different approach, but it generally falls under either a) take profit at first trouble area. Low return, high probability, low variance. b) move stop to b/e at first trouble area. Lower probability of a non-zero return, ...

james16 Chart Thread

I am so behind the times. Today is the first time I have ever seen Charlie Bit Me. 183m people beat me to it, somehow. Learn something new and useful every day here Getting rich quickly isnt as hard as people think - you just need to sign up for ...

james16 Chart Thread

The only way you are even possibly getting an ROI in that range is by using a ridiculous amount of leverage and dicey position sizing that veers right into the heart of RoR territory. In which case, ROI is meaningless - it is ROE which actually ...

james16 Chart Thread

As usual, Bundy's charts are clean, textbook examples of an a++ trade. image Dirt simple, folks. ---------- I know at least one person here who made money on this yesterday. Because they pointed it out to me image (it wasnt me - I just didnt ...

james16 Chart Thread

Definitely not. Now buy some Euros.

james16 Chart Thread

their loss, our gain risk aversion flows. The world got a whole lot scarier for a whole bunch of people overnight.

james16 Chart Thread

London makes up the majority, then NY. The others are pretty small (< ~10%) in terms of volume. So it makes sense to try and do most of your trading in these sessions. But your *actual* offset doesnt matter all that much. Your PPZs will be roughly ...

james16 Chart Thread

Nice work. That's a pretty sweet outcome. Also, that avatar is the best thing I have ever seen. Welcome to Team Bear! I think we covered this one a couple of days ago. Basically, it boils down to your personal style. Some people like a move to ...

james16 Chart Thread

One thing I have found that helps is to mark out PPZs beforehand - that way, you can quickly scan the chart to see if price is in any locations you are interested in - and if not, hit the next one. Sounds like you are doing fine. Often, there just ...

james16 Chart Thread

Keltner channels and BBs are essentially the same thing, with BBs being a more refined implementation. It's all just a play on mean reversion. Cant see any reason for using both. And saying that a bar should reverse just because it is above its 20 ...

james16 Chart Thread