Are you a trend trader or a counter-trend trader? 29 replies
Baby pips style academy for other financial markets? 6 replies
from retail trader to full-time trader 17 replies
Discipline Trader and Voice Trader EA/IND 16 replies
Disliked{quote}........
you will have to do your own research
And different markets behave differently, so focus on one asset at a time.Ignored
Dislikednice songs Medici..... Pulke Very interesting observation. Can you please elaborate on each point you made, and maybe give some tips? Piquant I can recognise a trend, reversal and a range when I see one. But I don't think I have studied accumulation much at all. I'm doing my homework now on the subject. But I would appreciate if you explained a bit more They already are good tips and material for thoughts: going deeper on each point would mean to go public with what I discovered in 5 years of very hard work, and I won't ever do it; there literaly...Ignored
Disliked{quote} I would suggest that you take a look at the book by Adam Grimes, mentioned many times here. The first five chapters will give you a thorough introduction to all these topics. Then the bad news is...based on that, you will have to do your own research And different markets behave differently, so focus on one asset at a time.Ignored
Disliked{quote} {quote} Sure I totally understand what you're saying. I just wanted a simple explanation on accumulation. I wanted to see different point of view, if there was any. I'll try nevertheless good advise Strongtrader Thanks Medici for the recommendation.Ignored
Disliked{quote} Accumulation and distribution, compression and expansion, there is nothing complicated over here, But they are a result, the effect of something else; you need to find the source.Ignored
DislikedAbout the differences between an uptrend and a downtrend: I think it is influenced by the kind of current market [bearish or bullish]. In the market right now I find that uptrends are less reliable and run out of fuel quicker while downtrends are stronger and longer. Any thoughts??? Also- Is anyone here a swing trader? I would like to enter 1 or 2 position a week and not have to open and close multiple positions. Does anyone know how I can learn to do that successfully? online courses perhaps? teachers??????Ignored
DislikedIs anyone here a swing trader? I would like to enter 1 or 2 position a week and not have to open and close multiple positions. Does anyone know how I can learn to do that successfully? online courses perhaps? teachers??????Ignored
Disliked{quote} Thank you I am glad that we are at least three who are in agreement on the views expressed by Strongtrader and myself. It seems like experience and independent research has taught us the same lessons. As the original question was about mechanical trading, I thought the following interview could be of value for those entertaining such interests. It is an interview with a quantitative portfolio manager describing the research and development process behind automated strategies: https://www.quandl.com/blog/intervie...quant-part-one...Ignored
Disliked{quote} As evident, there are very few opportunities to enter, set the stop at BE after 10 points and then wait for 30+, as some people like to do. Stop-out at BE would be the rule. And if you expect a breakout upwards sooner or later, well.... As Jesse Livermore said - the market is designed to fool most people most of the time. {image} {image}Ignored
DislikedYes, I think Cat expressed it very well: ".....With time, those who stay the course,....." Those kinds of courses are not easy to find and might be not affordable for many people: this is the reason I had to make it all by myself.Ignored
Disliked{quote} Are you sure there is a simple explanation? Maybe it's simple only after diligent study and plenty of market experience? But for your benefit DAX delivered a very good example of accumulation this morning See chart. As evident, there are very few opportunities to enter, set the stop at BE after 10 points and then wait for 30+, as some people like to do. Stop-out at BE would be the rule. And if you expect a breakout upwards sooner or later, well.... As Jesse Livermore said - the market is designed to fool most people most of the time....Ignored
Disliked{quote} Thanks for that medici, I'll watch it this weekend. This what i always try to impress upon traders with less experience of the markets than you and I, though I think you have more than I do, and that is that the lessons we do learn can come only from experience, they cannot come through a trading course or manual, that there are no short cuts in this business even though so many people continually look for them. Traders out there who are frustrated because they still fail to make money even after two of three years of trading need not feel...Ignored
Disliked{quote} Who needs a trending market when you can take out 100+ points with 8 long only trades in the first two hours of London Open ;-) A great trader once said he played "ping pong" in the morning session and was done for the day and it stuck in my head ever since ps. He might even have posted on this threadIgnored
Disliked{quote} I was going to make a post on todays market action on the DAX but decided not too as it wouldn't be of any benefit to anyone rather more of a cheeky remark but after reading Medici's post I just had too. So here it is........ Who needs a trending market when you can take out 100+ points with 8 long only trades in the first two hours of London Open ;-) A great trader once said he played "ping pong" in the morning session and was done for the day and it stuck in my head ever since ps. He might even have posted on this...Ignored
Disliked{quote} I was going to make a post on todays market action on the DAX but decided not too as it wouldn't be of any benefit to anyone rather more of a cheeky remark but after reading Medici's post I just had too. So here it is........ Who needs a trending market when you can take out 100+ points with 8 long only trades in the first two hours of London Open ;-) A great trader once said he played "ping pong" in the morning session and was done for the day and it stuck in my head ever since ps. He might even have posted on this thread ...Ignored
Disliked{quote} The course I was referring to was the course of time, not something physical that you can buy, just in case you misunderstoodIgnored