Tams

once upon a time, people believe the earth is flat... some people believe there is a God. if you can see God, you don't need to believe.

your attitude determines your altitude, your altitude is a reflection of your attitude.

Thanks the nobody part was said tongue-in-cheek. Honestly, only the market can tell you if you are a nobody or not.

zdo: thank you for your reply and comments. there are 2 types of doubling down: 1. double down to average up, or accumulate more position. 2. double down as a bail out technique. we should not be confused with our intent when executing such. I am sure there are times when doubling down can save your skin, I do wish you luck. for the mere mortals, we should just slow down a minute and think: if your trading technique is so good that you can use double down as a bail, I am sure if you just stand aside and wait for a minute, your trading prowess can also get you into the next major wave and make a major killing.

High win rate is a sucker's game; it is only a number, a meaningless number. But noobie suckers will suck up to it. as you can see, Hoffman had a 100% win rate -- 535 straight days without a losing trade !!! yet he blew out spectacularly. High win rate can mean 2 opposite things... 1. you are sooooo gooooood, you don't lose. 2. you are afraid to lose, so you hang on to your losers until break even. if we drill down deeper, we will find out that: 1. if you don't know how to trade, you will be afraid to lose. If you are afraid to lose, you will hang on to your losers. One of the strategy to accomplish break even (or small profit) is to double down. 2. high win rate accompanied by a history of high draw down simply means one thing -- Hope is your main strategy 3. high win rate accompanied by high commission to profit ratio means your are either a scalper, or gambler. You don't really know (or care) where the market is going. 4. high win rate accompanied by occasional blow out... means you are really a nobody. ... and the list goes on...

if your original analysis was faulty, what makes you think your second analysis cannot be not faulty? I am not saying it could not be good, I am just asking a rhetorical question. Hoffman had a 100% win rate -- 535 straight days without a losing trade !!! In early June this year, I predicted that Hoffman will have a blowout within 12 months. It happened in 5 weeks. I wish better luck to you.

why program it yourself? it has already been done multiple times. just download NinjaTrader or MultiCharts, both are free.

What you should be looking for is ADX; DMI is one of the component. if you are using TradeStation or MultiCharts, here's an Easylanguage indicator: iADX -- an Improved Mouse Trap http://www.traderslaboratory.com/forums/trading-indicators/5926-iadx-improved-mouse-trap.html 104.94

no he does not trade, he gambles, with the martingale method. he had a spectacular blowout recently -- He over extended by keep adding contracts to a losing trade. Eventually he ran out of money; the broker shut him down and he lost 312K in a single TF trade.

ever heard of the Hoffman effect?

if your first analysis was faulty, which got you into a bad trade, what make you think doubling down will somehow correct a faulty analysis?

the equity curve will have the Hoffman effect

Thursday Jul 21 Ben Bernanke Speaks 10:00 AM ET Chairman Speech Description Federal Reserve Chairman Ben Bernanke (FOMC Voting Member) Testifies in the Senate on financial reform

are you talking about the best bid size and best ask size? or the cumulative of the ladder? have you looked at the DOM, and verified the theory is correct? (hint: I don't think so) are you taking into account the wall effect?

Printing money is Europe’s way out One thing that can’t be underestimated is the political will of Europe’s leaders to keep the euro alive, which is why Europe will likely turn to massive printing of money, writes Matthew Lynn. Printing money is Europe

this is what I do... use the one set of logics, and 2 different types of plots. I can then apply the indicator twice in the same chart. eg. input: chart(1); // set to chart 1 or chart 2 if chart = 1 then begin // set plots for main chart end else begin // set plots for subchart end;

it depends on what type of trading you want to do, the holding period, and the profit targets. if you are holding for a few days at a time, the overnight volume shouldn't matter. if you are looking to day trade, there are lots of other instruments you can consider: eg. HSI, SGX, Kospi, etc.

you can use PLOT instead of PaintBar. makes things simpler and easier.

there are various renditions of codes posted, both here, and else where on the web. a simple search would surely yield heaps of bounty.

would you have a sample chart to illustrate your point?

I won't touch a snake oil salesman with a 10 foot pole. he has a 9 to 5 job, he said he can't afford to trade for a living. LOL. you can find his ramblings here: http://www.traderslaboratory.com/forums/e-mini-futures-trading-laboratory/10283-scalping-es-living.html ps. he used the handle light65536, then changed it to Predictor half way through the thread.

he's the predictor... he predicts the market ! LOL

why did you change your handle? you can change your name, but you can't hide your personality.

you can have any reasons, you can have any excuses, you can use any method, you can use any system, I have no opinion about your reason, I have no opinion about your excuse, I have no opinion about your method, I have no opinion about your system, I have no judgement on you, because DARWIN ALWAYS PREVAIL

So you changed your handle from light65536 to Predictor ! That's snakey.