MightyMouse

He could not be more right. Profits come from knowing how to take more money from the market than you leave in the market. Huge profits come from being at the right place at the right time.

Does something make you think that a trader can't profit from trading moving average?

One can watch your video and learn more about trading than they can if they read every trading book 10 times.

You missed the point. You do not make a decision to enter or exit based on a random decision. It is true that there are many reasons why someone enters or exits bu those reasons are not random. They may appear random to someone who cannot discern the rhythm from the noise. But blindness is no excuse for ignorance.

People behave exactly the same way every time. They sell when they think price is as high as it is going to go and they buy when they feel that the price is as low as possible. There is nothing random with the above.

No problem. Give me your bank account numbers and bank routing numbers and I will send you a small donation.

Ha ha. Yes. I will call the police on goldman.

Most of the time, those who are first in line are breaking laws. we simply are used to it. A lot of the HFT's may in fact not be breaking laws, if they are not in a position of knowing costumer orders. A firm such as GS or JPM, who deal with investors, should in no way be engaged in HFT activity and yet they are. I would not be content if my broker who had information of my position was actively trading against it. My commentary is directed toward the exchanges who, for pay. give preferential information to certain parties. It makes for an unfair playing field.

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eveidence? They pay the exchanges big money. its old news.

The HFT's are getting information before everyone else can get it. The exchanges are knowingly giving the information to HFT earlier than everyone else is getting it.The exchanges understand how important early information is because they make certain that the hft's get the data at the same time as each other. They do thinks like make sure that the data cable that reaches you is the same length as the cable that reaches me if we are both HFTs who pay for the advantage to make sure that neither you nor I have an advantage over the other. The trading style they use is front running and front running is illegal. normally, front running is done inside a brokerage firm. This time it is happening to the brokerage fim before it enters the brokerage firm.

So as it stands, then, if you vend then you will be labeled as a vendor. So, sort of a vendor offender list.

Your are describing almost the perfect opposite of my example at the high. If I was short in your first scenario, with price at a low, I would want the dom to be stacked on the bid. I would want to see an increase in volume and trades going off at the bid on T&S and I would like the delta to be net higher for the range to stay short. If price stayed in a small range for a relatively decent amount of time and then broke out of that range up, then I would exit my short. I would give up whatever the range was, typically 10-25 ticks, from the low. I would not enter long until I got a minimal price reversal and solid signs that the result of the trades at the bid was aggressive selling and not just weak longs exiting and I would want to see the bid and offer reverse polarity so that the offer is stacked and trades going off at the offer. The added step to get long is my way of making sure that the trades that occurred at the bids were aggressive sellers and not just weak longs exiting. If they were weak longs, getting stopped out, I wouldn't expect a price move back up. If there were aggressive sellers shorting at the low, they are likely going to be made to cough up their positions higher. I am not suggesting this is the right way. This is not science. I am describing, as in my previous post, what I do to make myself feel confident to remain in a trade or exit a trade using the dom and t&s. Josh, this should look somewhat familiar.

There is nothing exact nor scientific about it. There is an incredible amount of detail needed to describe it, but i will give it a shot Take an example of when price is high in a range (any time frame), volume is low, price range is wide, and the delta is low. If I were long, I would want to see the offer stacked( more orders on the ask side of the dom) and the trades taking place on the offer. You will be able to see the traders occurring on the T&S to determine if the trades are occurring at the offer. The trades that occur at the offer are patient sellers and aggressive buyers. Patient sellers are typically going to be traders who try to sell high and buy back lower or traders who bought below and have standing limit sell orders. The aggressive buyers are either aggressive longs or shorts that are running for cover. If I am already long, I need to determine if I want to exit, stay, or add. If the trades occur at the offer and offer is stacked and the market has been spending a lot of time in a smaller range up at the high, I will take the breakout of that range as my cue for what to do next. If we break out up, then i stay and decide if I am going to add. I stay long, because I can expect the patient sellers will begin to cover which will add to the trades occurring at the offer and prices will rise which is good for my long. You can see this occurring in the T&S. I also want to see the offer remain stacked. If we break out lower, I will exit the trade. I will exit because it appears to me that the aggressive buyers are going to be made to cover lower so I need to be out of my long. This could be the wrong decision if the aggressive buyers were actually just traders covering their shorts. Now you have a potential scenario where there are a lot of patient sellers who are short and they have no one to buy back from. I would get back in long ( at a better or worse price) if the dom was again stacked on the offer and we broke out higher of a smaller range within the larger range.I would not get back in long if the bid was stacked and the trades where occurring at the offer. Given the same original scenario where we are at the high end of a range, but instead the bid is stacked, I would not stay in if the trades where occurring at the offer. In fact I would get out right away instead of waiting for the price to break out of a smaller range. I hope this makes some sense in how to make use of the T&S and the DOM in trading decisions. it is easier and faster to think this than it is to type and describe it. MM

The Dom and T&S, in my mind, provide the the most immediate view of the current market conditions that are available You're going to need to become a student of that particular market to effectively use the DOM and T&S. There are a lot of different combinations of what you can see and you need to learn what each of those mean when the market is at the high for the day, the low, with high volume, low volume, no volume, net selling, net buying, inside buying, outside buying, inside selling, outside selling, etc.It takes time to learn what each combination means but it is worth it because when you understand what is going on, then you will be on the right side of the market and have confidence to stay in longer and get bigger gains. You'll also learn how blind you have been and why 90% (or whatever percentage is right) lose. Markets do not move because of a particular pattern exists; instead they move because there are enough traders willing to buy above the bid or sell below the ask. Generally, the opposite of the expectation happens a lot when a popular pattern exists. .

30 trades is a lot if he was only supposed to take 20. It's not enough if he was supposed to take 40. If he was supposed to take the 30 trades, then he is awesome. If he was not in his right mind, then even 1 was too many.

Good Luck. There is a lot of good information on this site. Given that you are advertising that you have plenty of capital, there are a lot of experienced mentors here. Careful, since they will end up with the capital and you end up with the experience.

MMS, Why do you allow the frauds to post frauds and you delete a post that attempts to counter the fraud? By deleting the post that counters the fraud, you are doing the newer traders a tremendous disservice. Why not delete the fraudulent posts? Sorry, but that is down right irresponsible.

xkr1962 is also a vendor. I have no idea of what he charges, but he admits in a video to teaching and having students. I think I have identified my peeve with the "vendors". It isn't that they sell things or that they are trying to promote their business. It irritates me when they try to do so by being a conman, selling the "make 400 a day with 20 minutes work" dream. Or, in any way pretending to do something that cannot and refusing to prove that they can. It is amazing too how when you probe them, that they respond so similarly. The list should probably be split between vendors and frauds.

Ha ha. Unfortunately, you can not cash in the 20-40 pips your earn during REM sleep. One day you too will realize how ridicules your statement is.

clmacdougall, In your example I would rather buy the merchandise from inside the store too. In your example, generally, selling secretively in front of the store is illegal. MMS has made it legal to sell wares on this site. I think the ill will that is felt when you learn that someone is a vendor on this site is more akin to when you are out with your buddies and you are trying to pick up girls and the one that you meet ends up being a prostitute. The problem, if you have a problem with it, is that you were hoping to score and you learn that in fact you are going to have to pay if you want to score. Similarly, here you come to get information and instead, you find out that someone is trying to get something from you. I am just not that bothered by it and I really think that some of them add color and are fun to poke sticks at. You gotta love a guy who thinks he has the holy grail. MM

Information and content that comes with a purpose is potentially misinformation. The most susceptible are the newer posters and the perpetually naive tenured posters. For everyone else it really should just be as annoying as a fly that came into the kitchen when the door was left open. I do have respect for some on the list. As an example Rande Howe. He seems to respond and defend his statements in a very respectable manor which in turn makes it pleasant whether you agree with him or not. Personally, I feel that MMS should let them post what they like, but he should let us decide their fate and not come to aid when they cry that someone is being mean to them, which really means that someone is asking them to be accountable. The pissing contests always seem to stem from someone asking a vendor to be accountable. Their only response seems to be a defensive counter attack on the individual asking the question. It's a common snake oil salesman tactic to thwart attention from the original request. It doesn't always turn into a pissing contest; however, it does get ugly at times, but what emerges, yes, is some piss on the floor, but you can also see the snake oil and most of us are able to easily distinguish between water and oil. I do think that each member should be respectful of each other member. THAT is what makes a great community and forum especially on a topic such as trading where there are no absolutes. Everyone should be able to freely express their opinions and ideas and others should be able to respectfully comment on those opinions and ideas. I do not believe anything or anyone should be censured. The topics should be allowed to flow freely. As an example: If a gentleman from the northeast wishes to ask an older individual from California to be accountable and the older individual from California decides to respond by sharing his experience with broken sexual apparatus, then the conversation should be allowed to go where it has to. There is always a reason for a tangent and that reason should be ferreted out. It is my belief that everything is relevant until it is made irrelevant. As long as there is respect for everyone's right to be here, there is no need for additional regulations or labels. If I have ever said that they should be labeled, then I rescind that statement. MM

I completely agree. Also, I think we should have a "vendor challenge". Give them each a 100,000 account and challenge them to trade on average at least 1 time a week for 52 weeks and earn better than 0% net. Now that they are Identified, we should see which one is the best. If they don't participate, then they can't try to sell their wares on TL. They do not have to win or be positive, they just have to participate. As far as RandeHowe, and the other trader psychs is concerned, we should force them to give each vendor an ongoing analysis of why they are doing well or why they are not. As far as I am concerned, I get to break everyone's balls in the meantime.

Include: Mightymouse / I day shadow trading / $5 million

Let the cards fall as they may. Let nature takes its course.