I think most of the methods out there are all related in some way or another. It's always good to know more but I think ultimately these things don't help make you make the good trades... Thing about trading the daily charts is that the results can ...

Order flow trading thread

Yes I get where you are coming from but I haven't really figured out a good method to trade higher time frames (H4 and above) yet though - still learning and experimenting - so I can't really comment on whether this will work...

Order flow trading thread

Ok I see.. But given that most retail traders don't have the most direct connections to the markets, and that there are often lags and delays in real time especially around big news announcements, even if it shows to work in theory it might not be ...

Order flow trading thread

Sounds great If an indicator is made from this, depending on how responsive/reliable the indicator is, it could very well double any existing entry edge/double reward-risk by allowing a tighter stop-loss/ reduce drawdown. If it works out in ...

Order flow trading thread

Basically if I am understanding you right, you're saying that there might be arbitrage opportunities between the different pairs not taken advantage of? Don't you think such an edge will disappear over time as more HFTs enter the forex market?

Order flow trading thread

Here's my mental image/model of the market - let me know how it fits into the order flow perspective: Price is just moving around trying to fill as many orders as possible. Sometimes it will move to a point where there'll be a shortage of liquidity, ...

Order flow trading thread

haha... doesn't mean they've to be on the same account or the same size; it provides good entertainment LOL, serve as a constant reminder for me of the distinction between trading and gambling and also prevents me from "over-trading" where it ...

Trading Without a StopLoss

I think most are referring to the other definition of random i.e. random sampling when they reject the market is random.

why have you accepted the price-predictability assumption?

Agreed. There are at least two different definitions of random.

Do you believe this market is random?

On Monday and Tuesday I gamble - i.e. trading without a SL. On Wednesday, Thursday and Friday I trade. Gambling is also an art that can be learnt - as long as you gamble methodically you can still come out ahead (in the short term at least), barring ...

Trading Without a StopLoss

Once again I think everyone here is defining randomness differently lol... My definition is that as long as there is a uncertainty in the outcome (not just due to white noise), it should be considered random. For practical purposes how I understand ...

Do you believe this market is random?

Do you play any sports? Or mind sport? Maybe try treating trading like playing a sport. The only measure of your success will be sustained profitability; just keep practicing until you get there, I'm sure with 10,000 hours of intense practice, ...

Measuring the Markets – Ideas

and quoting the number of 'winners' doesn't mean anything. If I set my stop loss at 1000 pips and take profit at 1 pip I can make 999 profitable trades for every 1 loser even in an equiprobability scenario. *i don't believe it's equiprobability but ...

Do you believe this market is random?

By the way, even with 50/50 chance, the probability of winning 20 trades in a row is 1/1million. So, considering that there are so many traders trading and trades being taken everyday, perhaps it is no surprise that there are a few millionaires? It ...

Do you believe this market is random?

Haha this will work very well if there's positive serial correlation... hmm but what if the serial correlation is negative wouldn't you shoot yourself in the foot? just wondering, or am I not making sense.

concurrent uncorrelated positions

Daniel Kahneman wrote in his book "Thinking Fast and Slow" about how our expected utility functions are concave in gains and convex in losses, meaning we are risk-loving in avoiding losses and risk-adverse when seeking gains. So I guess if we use a ...

concurrent uncorrelated positions

Risk here as in measured by the second moment (variance)? What about higher moments - are there tail risks? am unfamiliar with this issue

concurrent uncorrelated positions