These clips might be taken off anytime.
http://www.youtube.com/watch?v=2o_YSY3w6K0
http://www.youtube.com/watch?v=lGUmY0vSf2I
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Extracted Post (per poster's request) 0 replies
Trading 24 hours per day, 5 days per week 14 replies
http://www.youtube.com/watch?v=2o_YSY3w6K0
http://www.youtube.com/watch?v=lGUmY0vSf2I
DislikedPay close attention because this has a lot to do with your trading.
http://www.youtube.com/watch?v=Kdk9FG2aa3E
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DislikedFor me, I still remember the day when the first time I asked the question:
"How and where the F*ck did they come up with [b]pi = 3.14159265... !!! ?"Ignored
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free yourself from your boxed thinking... You can calculate the volume without ever having access to itIgnored
DislikedAccordingly, if I know that total volume of the trades that caused last tick (e.g. price change from 1.34519 to 1.34524) is 200M USD, this fact, by itself , will not give me any valuable information to enhance my profitability.Ignored
Dislikedfind this thread interesting somehow it's remind me of my master teaching,,I'm a pre-newbie and english is not my native so please pardon me if what i'm trying to say is confusing.
First i like your post about intangible construct, my master always said
- nobody know which way the price will move and where it stop
- price is moved because there is transaction done by market participants
- where price tendency movement direction depends completely on the accumulation transactions that dominate the current market
- transactions domination will...Ignored
Everything has a purpose, even this, and it's up to you to find it.
Disliked...This relates to CP's statement that 95% of times price will close above or below it's opening and with the concept of trend ...Ignored
DislikedI don't think you're supposed to read that part too literally to the point you should be constructing a trading system out of it. Price goes up, price comes down. Most of the time, price will move one way or another to a new location. I think the only lesson CP wants you to take out of this is to think about is WHY does this happen? But hey, I'm not genius either...perhaps I'm also missing something here!! =PIgnored
DislikedI don't trade this way but maybe I should. If you search Line in the sand, there is an interesting take on just this type of trading. The idea is pick a price (the open price may work). Go short or long at that price. When the price revisits that line flip positions. Repeat until the price moves away for good on the day. The odds of the price ending the day at your line are very small. The trick is to get enough movement away to make a profit above the cost of the position swaps. A clue about how to do this would be a statistical investigation to...Ignored
DislikedIn one of CP's other threads he states that you need a line on a chart and your goal is to always be long above it and short below it. What is the level he is speaking of? I have no idea. Does the level matter? Again no idea. Is CP a good trader and someone you should be paying attention to? No idea. I do know though that others speak of this same type of long above and short below methodology with respect to their trading. Could a daily open or session open price work in this context? Maybe.Ignored
DislikedIn one of CP's other threads he states that you need a line on a chart and your goal is to always be long above it and short below it. What is the level he is speaking of? I have no idea. Does the level matter? Again no idea. Is CP a good trader and someone you should be paying attention to? No idea. I do know though that others speak of this same type of long above and short below methodology with respect to their trading. Could a daily open or session open price work in this context? Maybe.Ignored