OAC

If James tells me this site is not for serious traders but for science fiction buffs. Then I am out too and I WON'T be back.

Darth , come back to earth. He is NOT banned. I still see him snooping around here reading various post from time to time. I challenged him to make a fool out of me by proving me wrong. He could'nt because probably because it won't make him a dime. But he sure abandoned you.

Buddy, Dream On........

Is the following, which is your post on another thread, wisdom of the master or just BS about trading ? "Most traders are just "over smart" when it comes to this area...too "smart" for their own good and miss the obviousness of the context of the data they are trying to analize..."Context" to me is exactly what holds current AI research back, but that is a tangent. A Boltzmann Machine is much more obvious than any kind of Back-Propagation training BS...Even more obvious though is ant colony optimization in reverse of a tick database to weight probabilistic paths..hint, hint." BTW, you have to good in math to be a quant, I went to MIT. What school did you go to ?

All I did was asking him what data feed he uses. You are mad because you are a sucker, they are borned every minute.

The poker guy left because he can't make a dime here.

Gain data on NinjaTrader is good if you look at 5 minute charts or higher. Unless you have an account with Gain Capital, the 1 minute chart is not very good. An ECN broker is better.

In my opinion the worst case scenario is that they may eventually pass a transaction tax on stocks only that is much smaller percentage than what they have proposed . You can rest assure that there will never be a transaction tax on futures. Beside the above reasons that futures were exempted over a hundred years since the days of Wyckoff and Gann. It is inconceivable that they will punish CBOT and CME, the pride and joy of Chicago's financial community, for the mortgage securities mess. After all Chicago is the hometown of Obama. Do I hear veto ?

Look on the brighter side, between 1914 and 1966(more than 50 years), US had a transfer tax of 0.2 percent on stocks, But the futures market seemed to be exempted. Aha ! My take is that the futures market would not work without liquidity provided by the small speculators who take the other side of the trade of the hedgers. There is no large mutual funds or pension funds to provide that liquidity in the futures market !

No, this is a transaction tax not income tax. They will collect from the clearing firms, they in turn will deduct out of your account. I imagine it is very much like the exchange fees you are paying now

I put it in my Japanese tea cup. :missy:

MP Value Areas can be represented better by circles or ellipses than boxes.:missy:

How about Red Bull and Ginkgo Biloba ?

Well, actually you can combine this "geometry" stuff with Wyckoff principles. It is definitely a fascinating area for new research. :beer:

When a scalp trade fails, it becomes an intra-day position trade. When an intra-day position trade fails, it becomes an overnight trade. When an overnight trade fails, and you go back to your day job and become a swing trader. :rofl:

The first scalp trade I have ever done was with Nasdaq stocks back in 1996 in the days of the SOES bandit. I was working out of this trading firm and we did a form of scalping called fishing. Let say a stock is tanking fast usually due to some news release and is dropping fast from 70s to 50s and currently trading at 51 1/8 ask, 50 7/8 bid. I would submit a bid at 50 7/16. Because of the panic and the large amount of sell orders that came in, my bid at below market would mistakenly get hit because they saw the 7, but mistaken 1/16 for 1/8. So I would get filled on 50 7/16 for 1000 shares and immediately hit the bid of 50 7/8 for 1000 shares and pocketed for myself $437.50 in about 5 seconds. It was like free money. And I felt like a bucket shop operator. Haha

It has always been swing traders bad mouthing scalping and not the other way around. I wonder why ? May be they don't get much soundful sleep during the night ? :missy:

If you study Woodie's, Dr. Bob's, Walterw's ,and you come up with your own techniques through observation and execute them in the right CONTEXT, and follow both the signals and the signal failures in multiple timeframe, then yes CCI works great.

I have to commend you for having the tenacity to stick to this in a simulator for two full years. You are setting a shining example of what every newbie should be striving for: Achieving consistency before ever putting a dime into the market.

Just to let you know that was no accident or hindsight analysis. Here is the same Euro 1 minute chart one hour later. This time at point B, market did not quite reach red line or 78.6% retrace line. It pulled back to point C then rally back to the red line. Stalled there. Once broken through, it shot up to the yellow line. Anyway I have a lot more stuff I won't show. I will just point. You will have to do the work yourself.

Here is an illustration of this working on the 1 minute Euro chart this morning. I want to point this out because this may be relevant to Barros's work. As you can see the red line is 78.6% retracement or AB is 78.6% retracement of XA. It bounced off the red line then came back down and broke it the second time, and it subsequently went to point D which is the 127% expansion as indicated by the yellow line.

Opening a MBTrading Forex account is a good way for newbies to go: The advantages being: (1) Flexible hours and no need to quit your day job. (2) MBTrading allows you to trade mini-lot which is $10,000 or one tenth of a full size lot. Where as in e-mini index futures, a single contract controls about $70,000. That is way too much leverage for beginners, I think many would agree with me.

Gassah would have to answer that. But I want to add that a retracement of over 78.6% will often end up to be a 127% retracement , since it is greater than 100%, it is also called 127% expansion. 1.27 is the reciprical of 0.786 or 0.786 x 1.27 = 1

It looks close enough. Anyway it is just a guideline to detect exaustion like $TIKI and volume spikes. For trigger, you may want to zoom in on a lower timeframe, in the case of your 30 min chart, you may want to look for other patterns or candle formations on the 5 min or 10 min charts.

Yes, +8 for short and -8 for long