Northern boy

none. thanks, i'll consider.

my father, he worked like an elephant pushing electrical supplies and he dropped dead at 49 with a heart attack and tax bills. maybe i shouldn't of posted the figures, because it seems to be more of a concern than my actual question. feget abou' it

i guess i was looking for regulatory issues.. contract agreements and such that can protect a trader. anyway forget about it.

i've read some horror stories.

because i need access to good capital man. do I sound rich to you?????? anyway i guess i'll have to share it with the firm, i don't think i really have a choice. they sound more ethical then other's i've heard about so it might not be a problem. or sell it on collective2.com... in 5 years lol

no no, I'm not worried about telling friends, I'm concerned about the the prop shop I'll be working out of.

okay. i found a strategy for day-trading that can profit at minimum 15% to 20%/month with basically no draw-down other than commiss and slippage. I actually think it's even an explanation for certain large volume activity in the markets.. but i havn't given that much attention yet:hmmmm:... I want to tell close friends and the like... but I'll be working prop and I'm afraid it may leak too fast or have some diluting effect... even if this is a bit naive to consider. Is there anything I can do:deal: to slow this process down or keep it on the low? I don't want the business to jack me and kick me out or something.

thanks Ammo. next time I get layed I'll be thinking of value areas and points of control... and i'll probably go long :did I say that?: .

Thanks for the good post. that was fine i wasn't looking for too much detail in this. I will look into those ideas to adjust order brackets in my strategy, thanks alot hlm.

Ammo, Thanks for your sex-ed class, it got things across alot clearer. But I should of been more specific in my question. What you demonstrated was an opportunity to take advantage of price movement relative to VA and POC (or tit and nipple) as the day developes. Currently I'm developping an intra-day trading strategy, and I'm working on the little tid-bit called cutting costs... or reducing trade frequency. I need to anticipate the next days volatility. Does anyone have solid ideas on how MP can anticipate a Trend-day VS a Range-Bound Day? I already have some ideas outside of MP, but maybe you guys can help me in this area. Or if you have ideas of how to anticipate volatility outside MP maybe you can post it here or PM. Thanks.

nobody answered my question

so in theory... the initial balance represents the day traders play ground, exclusive of long-term trader, and is developped within the first hour. in other words, if no economic news occurs, the price limits defined by the first hour will be prevalent for the majority(%?) of these circumstances. is that what you're saying?

ST, what particular book on MP teaches you to assume the type of day the MP will have? thanks.

http://www.tradingmarkets.com/.site/stocks/education/Volatility/ these are pretty good . enjoy.

James, does Bright have a limit on the buying power you can get? and what's their system for progressing profitable traders?

hey Darthtrader, could you give an example used in the book?

actually that's better put.

simply put i think trailing stops is the wiser substitute for scaling out. a r:r of 1:3 in a random market will obviously succeed. the market's not random but it's not against you either (so long as you're not a crowd :p). Scaling out is kind of like creating a new position in a new circumstance you're now uncertain of. but yeah, as it was said, scaling out can only neutralize your r:r ratio imo. just trail it.

Thanks alot Soul Trader/James. I saw you talking about reading print in earlier videos to this transcript but I can't find them now. Either way, thanks for the introduction to it's analysis. Not much sense in using a chart I find :missy:. I'm going prop very soon. I ultimately want to use Infinity's AT execution platform (drool), Tape, and the VIX. anyway, thanks again. cheers :cheers:.

I used this stock because of its volatility in price and volume. It's a tool available at http://www.stockcharts.com, although it isn't available for intra day. Mind you the last break out was from a corporate buy-in and not public buying.

Hey Soultrader. I like how you approach the market. I don't believe in moving averages or any tinkering of raw information. It seems to me that you can attribute a quantitative probabilistic outcome to using different points in the value area. For example the odds of reversal could be calculated based on the volume at each price as a fraction to the day's total volume. Have you tried this? second question, how effective is this strategy for you? you seem to be confident in it and it makes sense. I'll be looking for Dalton's book.. any other recommended reads? Thank you for all your videos and posts, much appreciated.

i don't believe a weak dollar necessarily causes a bear market, it's not historically proven. If I ever find out what does, I'll let you know.