On what assumptions are the central limit theory based? To what extent does that factor into this discussion? Any theorem to my understanding, is only as strong as the assumptions it is built on.

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Long at 23 and out for 10 pips and done for the day. Good weekend to everybody!

The 5 minute TF S&R trading system

Long at 9 and bailed out for 5.6 pips - need another 10 for the day. Appreciate all the posts on this thread as it contributes to my learning experience.

The 5 minute TF S&R trading system

Numbers game par excellence — The main question I am asking myself based on Graeme's insights is the following: "How likely is it to meet a predefined target of a 1000 pips at least twice a year". Lets suppose a $300 micro account. Two micro ...

Building an equity millipede

My perspective is that the assumptions set out at the start of LazyPawns argument is key. Everything else is built around it. If one understand that any proof is bound to the assumptions that is made then you understand the limits and scope of use ...

No SL No Leverage Strategy - working so far

I appreciate your argument and way of arguing. I find this quoted section very insightful. You mentioned at the outset that trader A and B read the market the same way. However, at this point in your argument trader A and B are not the same person ...

No SL No Leverage Strategy - working so far

Yes, that is exactly the 10 page document that I referred to. In the document itself there is no link to any study to backup the statements made. Unless there is another document that you are referring to? I suppose you can read it that way, but no ...

No SL No Leverage Strategy - working so far

Wow, such convincing 10 pages of reading using such wonderful democratic consensus seeking political words such as "most", "never", etc. No references to the studies conducted. Lot of words, no substantiation other than "hear say". These regulating ...

No SL No Leverage Strategy - working so far

I did not say your maths is wrong, merely that it does not proof anything meaningful related to long term profitability. You anyway provided an example. My understanding of mathematical proofs is that it tends to be expressed in general terms, show ...

No SL No Leverage Strategy - working so far

Now we resort to name calling. Your mumbo jumbo example demonstrated nothing of real value. I have studied Mathematics, Mathematical Statistics and Actuarial science (some distinctions here and there), and had to deal with my fair share of proofs. I ...

No SL No Leverage Strategy - working so far

I suppose just nedging

No SL No Leverage Strategy - working so far

Agreed, sorry should have made it clearer that I was more responding to positive swaps to a large degree could set off negative swaps in building an equity millipede in general (not just referring to hedging), because as thews mentioned correctly ...

No SL No Leverage Strategy - working so far

Hmm, so do you have some stats for us that the so called high failure is due to hedging? Would love to see that! If you go on the flow of these forums it seems rather the opposite and that minority hedge.

No SL No Leverage Strategy - working so far

Huh, how would you pay more spread if you do not close positions willy nully on each stop loss that is triggered. It seems rather the opposite should apply.

No SL No Leverage Strategy - working so far

[quote=thelws;5654491] Lot of mumble jumble, but do not address any points raised. People also seem to assume that swap is always negative?

No SL No Leverage Strategy - working so far

[quote=fierceman;5654075]People see leprechauns too. If you want to be flat, then don't have two offsetting trades on - just be flat. Tomorrow or next week, whenever you want to take a chance, then open a position. It's really that simple. I ...

No SL No Leverage Strategy - working so far

I see the benefit in having both shorts and longs of equal size on the same pair. Just, because I am flat today why do I need to be flat tomorrow or a week from now? Specially if both my long and short today are in the money. Hmm, I cannot recall ...

No SL No Leverage Strategy - working so far

No, I did not imply that, the principal of prudence comes to mind here. You know what they say about asumptions...

No SL No Leverage Strategy - working so far

Yea, this answers my question. My personal conclusion is that to make a blanket statement that one cannot be profitable in the long run incorporating hedging into your strategy is nonsense. Yes, you can probably have some pissing competition about ...

No SL No Leverage Strategy - working so far

[quote=pa_pips;5651308][quote=pipmutt;5651272]lol, it seems now you're just arguing for the sake of it. Honestly, if you can't understand the basic premise that in order to profit (or lose) you simply need to have a net position either long or ...

No SL No Leverage Strategy - working so far