Picture perfect... — Big news release before 8am, right? ECB rate change and all that. Price kicks out below the previous day's low, but what happens? It doesn't follow thru. It rejects the daily low w/ a strong tail. That's a sign of excess, ...

CBOT Market Profile

Perhaps that's why they're closing operations... hehe.

ODL is Closing US operations

There are distinct differences, but they don't invalidate the approach. The biggest difference is the 24 hour market, versus a single session market, but you can adjust to that. Each pair also has a particular skew to it that will change things a ...

CBOT Market Profile

Just use the ATR indicator in MT4. ATR = Average True Range.

Tool to calculate Average Daily Volatility

Nod. Price distribution is only the first part of the process.

About market profile?

Nod. Check the thread I linked to above.

About market profile?

I looked at his material, he doesn't use market profile... he uses something called "the Now Pivot" which is definitely not a market profile. Just get the book "Mind over Markets" and the Market Profile Handbook from the CBOT. If you need anything ...

About market profile?

That's a myth, actually. Market profile is based on trading price thru time, volume was only added after the fact. You can easily trade MP w/o volume. We had a discussion not long back... url Some resources there.

About market profile?

Depends on how well you test things. LOL. Really? Money management provides absolutely no edge at all. If you're working with a pattern that has negative expectancy I don't care how well you manage your money or how small your trades are, eventually ...

Pattern recognition...

Sigh. Except the simpler patterns test quite well. Has nothing to do w/ my mind, it's simple statistics. Actually the math says there is a pattern. 65% accurate over 5 years of data. But whatever. Actually it's a combination of things. I haven't ...

Pattern recognition...

Thanks, unfortunately my patterns aren't candlestick or bar oriented. Except I know for a fact that there are, as simpler patterns test out quite well. I'm just looking for a way to test more complex patterns (I know what they are, and others claim ...

Pattern recognition...

Do you even have an edge yet? Or a trading plan?

2009 Scalp Trading

So you're pretty much hosed then, right? I mean you're dedicated to flushing your cash down the crapper, or so it sounds. I'm guessing your broker must love you.

2009 Scalp Trading

Wow... you, uhm, might want to go back to demo trading for a while.

2009 Scalp Trading

Nod, assuming you can limit your trades to when there's a higher probability of a breakout occurring, yes. And that would constitute an edge. Otherwise the spikey ranges will get very expensive.

Simple Trading Philosophy - Daily Trend Following

Nod. The problem w/ a 50% move is that you'll have equal distribution above and below the line. So a 2:1 return, while certainly possible, is half as likely to occur as a 1:1. So if you've got a 50% move w/ 1:1, then you actually end up with a 25% ...

Simple Trading Philosophy - Daily Trend Following

Yea, around 50% over time, I'd imagine. But if you ask questions like "after a large move down yesterday, if price moves X pips below yesterday's low, how often does it also close below that?" you'll get different results. Even then it's only about ...

Simple Trading Philosophy - Daily Trend Following

An indi can't open/close trades... as far as I know, at least. But you could use the same concept w/in an EA to do the same thing.

TA self fullfilled prophecies... what a joke.

Scotty: Yes, it's possible.

TA self fullfilled prophecies... what a joke.