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  • #37,421
  • Mar 10, 2013 4:47am Mar 10, 2013 4:47am
Quoting shiko
I think Pulsar is very expensive to try it without already making money form trading. Also, at Topstep once you mad eit to live and even if you lose $2000 you already do not have to pay for demo. You have one combine per month free and you do not have to make $5000 again. the target is negotiated. and you do not have to trade those $2000 back. i have seen few traders returned to live and without DD they incurred. I think it is thanks to all those who pay and never succeed. very smart business model. Losers lose, but winners have it easier and Topstep...
Good luck - I hope you make it!
I still like Pulsar more, because (besides the 40.000$ account increase - which is massive imo) they give you more room in your trading: no additional performance criteria and the ability to hold trades overnight. Also I like the straightforwardness of their objectives: you make 4% - you´re in. Whereas someone on trade2win claimed he applied at topstep, made it through the combine, completed all their objectives and they still denied him for some subjective reason (you know they can do that). Also, with Pulsar, you can trade spot Forex, which is a huge advantage in my book. Firstly, because 6E at times moves quite differently from Spot (I read this on a message board - don´t know if it´s true, I´ve never traded futures) and then because of the scalability: If you trade minilots, you can allow yourself a 2000 pip drawdown without worries. OK, I´m not trying to talk you out of it.
  • #37,422
  • Mar 10, 2013 5:11am Mar 10, 2013 5:11am
what Pulsar doe is
they make trader trade with 1:1 leverage
& most probably they copy those trades to high leveraged account without trader information.

on the other hand they fund & increase balance with every succesfull trading period. thats ok.
%4 you have mentioned is with 1:1 leverage which is not a gift

in reality %95 of prop trading companies are bucket shop.
they collect money from demo traders/beggiers ( as Shiko mentoned ) & dissapear.


Quoting Myo
Good luck - I hope you make it!
I still like Pulsar more, because (besides the 40.000$ account increase - which is massive imo) they give you more room in your trading: no additional performance criteria and the ability to hold trades overnight. Also I like the straightforwardness of their objectives: you make 4% - you´re in. Whereas someone on trade2win claimed he applied at topstep, made it through the combine, completed all their objectives and they still denied him for some subjective reason (you know they can do that). Also, with Pulsar, you...
  • #37,423
  • Mar 10, 2013 5:48am Mar 10, 2013 5:48am
Quoting stevewalker
now I can understand better.

the point is.

most of the indicators is usefull when been used with micro period like ~14
when MKT stop cycling & strat linear move those are fails as they all try to move thgrough "0" line every end of period.
as Average micro period is always 14. this makes indicators useless on linear moves.
Hi Walker,


most indicators are "momentum" indicators.

They come as indicators which are on %-basis or simply oscillators around the zero-level.


It is simply the math behind them while they get "useless" (as you said) in a "linear move" (strong momentum move like I do call it). In such moves you can observe divergences which last very very very long.



One has to know the tools to choose, when to use which tool.



Momentum indicators are best in sideways markets. In trending markets they can give a hint via divergences, but it is not more than a hint. In strong linear moves you simply switch to trend following indicators, like moving averages.



The period of 14 may work like self fulfilling prophecy, because it is the standard setting of most/many momentum indicators.
  • #37,424
  • Mar 10, 2013 5:56am Mar 10, 2013 5:56am
yes most coded for cycling around zero level with its math agreed.
yes they good @ sidewys
yes they use default 14

that was the biggest phenomen for me until 2 weeks ago.
why 14, thought about it 5 years
until I was able to calculate the micro average micro period was also 14 for all TF s
ok now I know why its 14 & can calculate

but then why 14 again this time with another question
which MKT dynamic keeps @ average 14
there should be a reason for that.
some how it keeps it average 14
but how?


Quoting infinitus
Hi Walker,


most indicators are "momentum" indicators.

They come as indicators which are on %-basis or simply oscillators around the zero-level.


It is simply the math behind them while they get "useless" (as you said) in a "linear move" (strong momentum move like I do call it). In such moves you can observe divergences which last very very very long.



One has to know the tools to choose, when to use which tool.



Momentum indicators are best in sideways markets. In trending markets they can give a hint via divergences,...
  • #37,425
  • Mar 10, 2013 8:03am Mar 10, 2013 8:03am
I agree. Parameters only for those on demo accounts on Topstep. But to go for trials with Pulsar is expensive. I gotta start somewhere get it and starts making $$$. I can afford 3 combines for the price of one trial with Pulsar and my trial lasts about 2 months the way I tarde. also, Pulsar doe snot have crude for trials... i only trade crude.But overall, I will go step by step. Need to succeed with Topstep first which means take those profits

Quoting Myo
Good luck - I hope you make it!
I still like Pulsar more, because (besides the 40.000$ account increase - which is massive imo) they give you more room in your trading: no additional performance criteria and the ability to hold trades overnight. Also I like the straightforwardness of their objectives: you make 4% - you´re in. Whereas someone on trade2win claimed he applied at topstep, made it through the combine, completed all their objectives and they still denied him for some subjective reason (you know they can do that). Also, with Pulsar, you...
  • #37,426
  • Mar 10, 2013 8:08am Mar 10, 2013 8:08am
EUR USD Elliott Wave
Attached Image (click to enlarge)
Click to Enlarge Name: USD (2hour).png Size: 41 KB
  • #37,427
  • Mar 10, 2013 8:54am Mar 10, 2013 8:54am
I expect a rise for the Euro on Monday...
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-03-10 15_44_45-27165_ MetaTrader - Pepperstone - [EURUSD,H1].png Size: 70 KB
  • #37,428
  • Mar 10, 2013 12:12pm Mar 10, 2013 12:12pm
Hello,
what's the current correlation between the Euro and the S&P500? While I leave that question to intermarket analysts, this is my view on the S&P500 e-mini for next week. Let me know what you think.
Thanks!

Last week scenario 2 played out and price keep moving higher into the first target at 1,544 because the 1,489 area of support was already tested successfully. The second target is higher at 1,576.
The inner move on the daily chart had support in the 1499 area and price never moved below 1,493. This long setup hit both first and second targets, respectively at 1,530 and 1,546,last week.

The following two scenarios were identified (refer to the below picture):

http://www.forexfactory.com/attachme...1&d=1362935379

Scenario 1. Price corrects into the next extension long measured move on the daily chart and then resumes it's move higher into the first target at 1,554 and then into the second target at 1,564, helping price into the final target at 1,576.

Scenario 2. Price corrects deeper into the 1522 area and then resumes the move higher towards the 1,576 target.

Have a great trading week.
Cheers
G.
"markets traded by programs/HFT offer a significant trading edge..."
  • #37,429
  • Mar 10, 2013 2:09pm Mar 10, 2013 2:09pm
EU

The Balance level of trading on Monday:
1.3044> 1.3066> 1.3078
between 1.3078- 84 is the time of deciding for new trend
For down trend after daily open below 1.2974
1.2963> 1.2954> 1.2877
Don’t follow someone else’s trading advice blindly
  • #37,430
  • Mar 10, 2013 2:55pm Mar 10, 2013 2:55pm
Thank you, very clear count IMO.
Quoting Schickeria
EUR USD Elliott Wave
Wait, or you will be slaughtered!
  • #37,431
  • Mar 10, 2013 3:23pm Mar 10, 2013 3:23pm
Quoting cortmann
I expect a rise for the Euro on Monday...
Hi Cortmann,
Agree it looks very likely to form a Higher Low after the DB at ~1.2960.

XE are currently quoting EU at 1.2989
http://www.xe.com/?r=1
Wait, or you will be slaughtered!
  • #37,432
  • Mar 10, 2013 3:48pm Mar 10, 2013 3:48pm
Quoting Uturn2
Hi Cortmann,
Agree it looks very likely to form a Higher Low after the DB at ~1.2960.

XE are currently quoting EU at 1.2989
http://www.xe.com/?r=1
WLY Chart:
1.3016 [last weeks Open] Reversal Level?
Cheers,
U2
Attached Image (click to enlarge)
Click to Enlarge Name: 130310_WLY[1]EURUSD.png Size: 38 KB
Wait, or you will be slaughtered!
  • #37,433
  • Mar 10, 2013 4:06pm Mar 10, 2013 4:06pm
10 pips Gap down
  • #37,434
  • Mar 10, 2013 4:07pm Mar 10, 2013 4:07pm
W1 PW 3030
last weeks great level honored by MKT
  • #37,435
  • Mar 10, 2013 4:08pm Mar 10, 2013 4:08pm
M1 PV @ 3262
  • #37,436
  • Mar 10, 2013 4:09pm Mar 10, 2013 4:09pm
Hi Steve,
http://www.safeshare.tv/w/UAGOcLSuLX
A present for you!
GN all...........time for zzzzzzzzzzzzzzz's
Wait, or you will be slaughtered!
  • #37,437
  • Mar 10, 2013 4:17pm Mar 10, 2013 4:17pm
good night
Quoting Uturn2
Hi Steve,
http://www.safeshare.tv/w/UAGOcLSuLX
A present for you!
GN all...........time for zzzzzzzzzzzzzzz's
  • #37,438
  • Mar 10, 2013 4:24pm Mar 10, 2013 4:24pm
nice one
truth always hurts

Quoting Uturn2
Hi Steve,
http://www.safeshare.tv/w/UAGOcLSuLX
A present for you!
GN all...........time for zzzzzzzzzzzzzzz's
  • #37,439
  • Mar 10, 2013 4:27pm Mar 10, 2013 4:27pm
1H CT
Attached Image (click to enlarge)
Click to Enlarge Name: _60.gif Size: 55 KB
  • #37,440
  • Mar 10, 2013 4:30pm Mar 10, 2013 4:30pm
my guess it will keep going down.
we may have another Short fill to 3030/60
then down again
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