Second entry of the night; this is just practice for my entry edge, no levels were drawn for this trade. image SL at breakeven + spread image

Surfing with the Guppy: An intuitive approach to trading

I'm not a scalper... my TP is typically > 50 pips.

Sonic R. System

Well said, which is why I have stopped trading on Monday and Tuesday altogether and I encourage others to try the same (at least given current market conditions). Less is more; you might be surprised.

Sonic R. System

Sonic theory and its associated indicators belong in an intra-day/intra-week trader's toolkit, at least that is what most traders on this thread are applying it for. If you are trading on the weekly charts and taking a long term position on GBPJPY ...

Sonic R. System

Entry: I enter my trades on the 1min chart, with a 7.5pip stop inclusive of spread. Prior to this week, I use a simple TDI indicator cross-over to enter my trades, but on more than 6 instances I've got stopped out by < 2 pips only to see the trade ...

Surfing with the Guppy: An intuitive approach to trading

Levels: 172.52; 171.51; 168.35; 162.52 These are the areas I would consider for extending my intra-day trades into swing trades.

Surfing with the Guppy: An intuitive approach to trading

I think even those who argue the randomness theory isn't arguing for 50/50, but merely appreciating the following fact: Traders have to reconcile statistical regularities (at the macro level, with a large sample of trades) with ...

Do you believe this market is random?

Agreed. The ability to reconcile statistical regularities at the macro level and randomness in individual outcomes at the micro level is very important for traders... Great thread; following with interest. I see myself doing some version of what you ...

Trading around the world

url "Cleeremans and Jimenez observe that implicit learning occurs during noisy sequences (ones in which random elements are mixed into patterns), indicating that subjects can pull patterns out of streams of data - a skill that sounds very similar ...

Do you believe this market is random?

Thanks, and I think the thing we call trading changes every decade or so. The skills and niche you've developed today may become worthless in 10 years' time or less, and at that time the greatest challenge will come which is that you've to accept, ...

What do you find hardest about trading?

Trading means different things to different people. The hardest part about 'trading' is finding what trading is to you; it is the process of discovering the niche within the wide field of 'trading' that complements your personality and beliefs. You ...

What do you find hardest about trading?

You could even design a trading system around this. Basic concept: Step 1: Mark out lines of reversal/zones of interest on chart and set up alerts for them. Step 2: Use a random number generator to generate 4 random numbers from 1-60 and observe the ...

Now is not the right time

This can also be used in reverse... Knowing that the time we look at the chart is probably not a good time to trade reversals, we can open up a chart randomly and if we happen to see a 'reversal' happening, we can instead enter in the trend, at ...

Now is not the right time

I know this might sound super obvious LOL but it's really not that obvious! We tend to place too much emphasis on the PRESENT moment/series of events than we realise consciously. When we see the market moving in our "predicted direction", we will ...

Now is not the right time

The assumption you're making is that the strategy is a static entity... what if the parameters of the strategy or perhaps even the strategy itself is constantly evolving as the market evolves? No strategy is profitable, only the trader is. ...

Do you think statistics work in trading?

Edit (making it a representative sample):

why have you accepted the price-predictability assumption?

With regard to this point, I think it has to do with Asian prices granger causing London and US prices and London prices granger causing US prices... Intraday double-tops(or bottoms) usually is just the big money/US/London trading selling (or ...

Do you believe this market is random?