newschool wrote:Momentum = mass (volume) * velocity (price movement).
Why dont you have volume on your charts MO ?
That would be a waste of space....
Moderator: moderators
aliassmith wrote:MightyOne wrote:franck wrote:MightyOne wrote:I am not ignoring anyone, I have been busy with family and friends.
My baby sister had her baby today btw
Feel free to post about anything and I will start answering in the near future
PS: I have been using the range of the 2nd largest of the last 3 candles as the range for division; averages have been giving me numbers that are either too large or too small.
Another thing I do is wait for the entry candle to close and then liquidate shortly after breakout (hopefully there is a BO).
What else...
I've been trading smaller position sizes on the first entry and reversing with a full position if stopped + other small adjustments based on what I see working.
I just
buy if price is going up
sell if price is going down
&
reverse instead of exiting.
Don't feel like you have to do things as I am doing them.
These adjustments were made on the weekly charts NOT small time frame charts like the 8 hour
MAYBE MaybE maYbE
1) i put up TRO2009 Breakcount UI and check the statistics of the timeframe where there is good pips with good %. With the timeframe to my appetite, i put up the pips for x average (?smaller better, but more unstable, default 24).
2) more important factor = holding period to target. high target reduce probability. long holding increase probability. long holding also increase stop probability.
3) direction : open to close each day average 100 pips. to go up 100 points, the only way for price to go there is making new high and vice versa. when i zoom in the bar, usually only ~20-30% of the bars (=time) contribute to the high/low. 100/bar division *20-30% = maybe significant pips/bar.
4) for price to move from A to B, by new H or new L, there are wicks on each bar unfortunately. the wicks are available almost all the time each bar from minute 1 to yearly chart. if i took the time scale away, what are these wicks? in addition, if my stop loss can't survive wick to wick, how i am going to bring forward to the next bar realistically to capture the stats above.
5) thanks to MO 1) range 2) correction 3) color. and most important TRO 1) the stats 2) it is not what i trade, but HOW i trade that is more important.
I will be most enlightened when TRO share more on the HOW.
http://www.mbtrading.com/f/MBTradingFut ... yGuide.pdf
I think MightyOne is trying to be a comedian
BTW: Congratz Uncle MO
MightyOne wrote:pablo101 wrote:MightyOne wrote:pablo101 wrote:Congrats Uncle MOMightyOne wrote: The chart then goes dead with extreme
quietness followed by four bodies...
bullish, bearish, bearish, bullish
that could only be considered activity after
extreme quietness.
MO, just to be on the same page, would this be where I marked up #2 on the chart?MightyOne wrote:There is another 3-bar period of extreme
quietness and the chart closes a bullish bar
that is larger than all the previous candles.
And this is at #3 right?MightyOne wrote:Based on this information what can you conclude?
EQ follows activity follows EQ follows activity and so on and so forth. So knowing this we can be patient, wait for EQ to end then trade?? Razz me if I'm wrong
The answer to your questions is YES
The reply to your answer is NO
LOL, nicely worded
Any hints?
Accumulation and distribution?
Smallest to largest:
EQ, non-momentum/activity, momentum
Something like this:
MightyOne wrote:A friend forwarded this to me:
Dear Valued Customer,
As many of you are aware, the U.S. Commodity Futures Trading Commission (CFTC) announced on January 13, 2010 that it is seeking public comment on proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated: "leverage in retail forex customer accounts would be subject to a 10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed for all Forex traders in the U.S.
An example of how the proposed regulatory restrictions would affect a major currency pair appears below:
Maximum Leverage under Current Regulations Maximum Leverage under Proposed CFTC Changes
USD/CHF USD/CHF
100:1 leverage (one percent) 10:1 leverage (10 percent)
1 lot (100,000) 1 lot (100,000)
Margin requirement: $1,000 Margin requirement: $10,000
We stand behind the belief that you should be given the freedom and right to choose the amount of leverage that is appropriate for your individual desired risk, and that this basic principle of 'choice' is in jeopardy by the proposed CFTC regulations.
If you feel strongly about the proposal, we encourage you to help determine the outcome of these proposed regulations. You can help make an impact by sending comments directly to the CFTC at: secretary@cftc.gov.
Please include 'Regulation of Retail Forex' in the subject line of your message and the identification number RIN 3038-AC61 in the body of the message.
You can also submit your comments by any of the following methods (include above ID number):
* Fax: (202) 418-5521
* Mail: David Stawick, Secretary Commodity
Futures Trading Commision 1155 21st Street, N.W.,
Washington, DC 20581
* Courier: Use the same as mail above.
In the upcoming days, Interbank FX and the rest of the U.S. Forex Dealer Coalition will be releasing a more formal opinion about the proposed changes. Please feel free to read further details about the regulation on the CFTC website by clicking here. In the interim, we encourage you to voice your opinions to the CFTC and your local U.S. representative.
As always, we want the best for our traders. We hope you?ll join forces with us to prohibit the proposed leverage requirements.
The Interbank FX Team
Will regulators ever just leave us the f-k alone?
10 to 1?
Seriously?!
High leverage gives you the power to maintain your position size after losing 40% or more of your account while trading with low leverage; that in its self is reason enough to keep high leverage.
High leverage allows you to keep most of your money in your checking account and take checks more often.
High leverage only hurts a loser and they are going to lose all their money anyways...
Lets tell the CFTC what we told FINRA
FK OFF!
aliassmith wrote:MightyOne wrote:A friend forwarded this to me:
Dear Valued Customer,
As many of you are aware, the U.S. Commodity Futures Trading Commission (CFTC) announced on January 13, 2010 that it is seeking public comment on proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated: "leverage in retail forex customer accounts would be subject to a 10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed for all Forex traders in the U.S.
An example of how the proposed regulatory restrictions would affect a major currency pair appears below:
Maximum Leverage under Current Regulations Maximum Leverage under Proposed CFTC Changes
USD/CHF USD/CHF
100:1 leverage (one percent) 10:1 leverage (10 percent)
1 lot (100,000) 1 lot (100,000)
Margin requirement: $1,000 Margin requirement: $10,000
We stand behind the belief that you should be given the freedom and right to choose the amount of leverage that is appropriate for your individual desired risk, and that this basic principle of 'choice' is in jeopardy by the proposed CFTC regulations.
If you feel strongly about the proposal, we encourage you to help determine the outcome of these proposed regulations. You can help make an impact by sending comments directly to the CFTC at: secretary@cftc.gov.
Please include 'Regulation of Retail Forex' in the subject line of your message and the identification number RIN 3038-AC61 in the body of the message.
You can also submit your comments by any of the following methods (include above ID number):
* Fax: (202) 418-5521
* Mail: David Stawick, Secretary Commodity
Futures Trading Commision 1155 21st Street, N.W.,
Washington, DC 20581
* Courier: Use the same as mail above.
In the upcoming days, Interbank FX and the rest of the U.S. Forex Dealer Coalition will be releasing a more formal opinion about the proposed changes. Please feel free to read further details about the regulation on the CFTC website by clicking here. In the interim, we encourage you to voice your opinions to the CFTC and your local U.S. representative.
As always, we want the best for our traders. We hope you?ll join forces with us to prohibit the proposed leverage requirements.
The Interbank FX Team
Will regulators ever just leave us the f-k alone?
10 to 1?
Seriously?!
High leverage gives you the power to maintain your position size after losing 40% or more of your account while trading with low leverage; that in its self is reason enough to keep high leverage.
High leverage allows you to keep most of your money in your checking account and take checks more often.
High leverage only hurts a loser and they are going to lose all their money anyways...
Lets tell the CFTC what we told FINRA
FK OFF!
I sent my response to them a few days ago. I told them that they are
only doing this because too many people are moving out of "Futures"
into currencies and they are trying to protect "THEIR" interest
groups.
That is like telling people:
If you earn $700 a week at your job you can only buy one carton of
orange juice this week. It is for your own protection.
Leverage and low entry costs to test ideas is why I chose FX
MightyOne wrote:aliassmith wrote:MightyOne wrote:A friend forwarded this to me:
Dear Valued Customer,
As many of you are aware, the U.S. Commodity Futures Trading Commission (CFTC) announced on January 13, 2010 that it is seeking public comment on proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated: "leverage in retail forex customer accounts would be subject to a 10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed for all Forex traders in the U.S.
An example of how the proposed regulatory restrictions would affect a major currency pair appears below:
Maximum Leverage under Current Regulations Maximum Leverage under Proposed CFTC Changes
USD/CHF USD/CHF
100:1 leverage (one percent) 10:1 leverage (10 percent)
1 lot (100,000) 1 lot (100,000)
Margin requirement: $1,000 Margin requirement: $10,000
We stand behind the belief that you should be given the freedom and right to choose the amount of leverage that is appropriate for your individual desired risk, and that this basic principle of 'choice' is in jeopardy by the proposed CFTC regulations.
If you feel strongly about the proposal, we encourage you to help determine the outcome of these proposed regulations. You can help make an impact by sending comments directly to the CFTC at: secretary@cftc.gov.
Please include 'Regulation of Retail Forex' in the subject line of your message and the identification number RIN 3038-AC61 in the body of the message.
You can also submit your comments by any of the following methods (include above ID number):
* Fax: (202) 418-5521
* Mail: David Stawick, Secretary Commodity
Futures Trading Commision 1155 21st Street, N.W.,
Washington, DC 20581
* Courier: Use the same as mail above.
In the upcoming days, Interbank FX and the rest of the U.S. Forex Dealer Coalition will be releasing a more formal opinion about the proposed changes. Please feel free to read further details about the regulation on the CFTC website by clicking here. In the interim, we encourage you to voice your opinions to the CFTC and your local U.S. representative.
As always, we want the best for our traders. We hope you?ll join forces with us to prohibit the proposed leverage requirements.
The Interbank FX Team
Will regulators ever just leave us the f-k alone?
10 to 1?
Seriously?!
High leverage gives you the power to maintain your position size after losing 40% or more of your account while trading with low leverage; that in its self is reason enough to keep high leverage.
High leverage allows you to keep most of your money in your checking account and take checks more often.
High leverage only hurts a loser and they are going to lose all their money anyways...
Lets tell the CFTC what we told FINRA
FK OFF!
I sent my response to them a few days ago. I told them that they are
only doing this because too many people are moving out of "Futures"
into currencies and they are trying to protect "THEIR" interest
groups.
That is like telling people:
If you earn $700 a week at your job you can only buy one carton of
orange juice this week. It is for your own protection.
Leverage and low entry costs to test ideas is why I chose FX
Instead of attacking us they could:
1. Make futures a 24/5 market.
2. Reduce contract sizes to 1 oz, 1 bushel, etc
If they did that then they would get all the action that they can handle.
aliassmith wrote:they are only doing this because too many people are moving out of "Futures" into currencies and they are trying to protect "THEIR" interest
groups(