High Frequency Trading

[MickMason]

Originally Posted by Soul-Trader2004

good point Mick, sometimes I talk complete and utter bollocks and othertimes i have moments of genius.

not sure what the last one was and to be honest don't care

Genius, I'm sure of it!

I was beginning to feel a bit inadequate there for a minute, I'm more a 'Click & Pray' sorta guy

[sunabeach]

Trading doesn't have to be complicated but I for one am happy to see such intelligent discussion here on MoneyTec because I was having a hard time find much of it here lately.

[Trader02]

Originally Posted by Soul-Trader2004

well of course we bow down to your superior knowledge. How i wish i could make a much money as you do.

it must be hard to be humble when you know everything messiah.

Chief, how smart does one have to be to know with relative certainty that sitting in front of a computer doing real-time trading to the extent of several (5-100+) trades per day, day in and day out, for months and years ..... is dumb, dumb, dumb!

200K+ or +++ per year in this manner? Plenty of cash for an individual but at what cost physically/mentally/familywise etc.? Would perhaps 50k per year and have the other aspects of life in decent shape -- be better?

I can guarantee you that the torrents of cliches you've poured forth since inception have not changed one iota your very own stated statistic of Moneytec users as being in the 90% (or did you say 95%) loser category.

You know this crap does not work, yet you keep pouring it on knowing that these victims will swallow it because History guarantees that they will.

Even recently in the "trendline" thread you came up with a stupid answer, then when challenged, just trashed the entire subject of Trendlines -- in the same thread, Moving Averages met the same fate. Yet, you never said WHAT would work.

Pour it on Karnal, please.

[Trader02]

Originally Posted by Soul-Trader2004

ps, i myself dont trade hundreds of times a day one main trade and a few discretionary ones if i feel like it for kicks - but there are plenty who do trade hundreds of times a day - many of which are automated arb systems inducing no stress at all.

tho I agree it would drive you nuts if you had do manage them manually.

ps, what has trading to do with your girlfriend - maybe getting your kicks in the wrong place?

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Dyin ain't much of a livin!

They're already nuts so a little nuttier is not noticeable!

Even she said one good, lasting, powerful bang per week was supremely better than 200 fifteen-second interludes.

[Soul-Trader2004]

Ahh, i see they have let you out for a few days again from the halfway house in glasgow have they

Originally Posted by Trader02

Chief, how smart does one have to be to know with relative certainty that sitting in front of a computer doing real-time trading to the extent of several (5-100+) trades per day, day in and day out, for months and years ..... is dumb, dumb, dumb!

so what the heck are you doing on a trading site? - you must be dumb dumb dumb !!

200K+ or +++ per year in this manner? Plenty of cash for an individual but at what cost physically/mentally/familywise etc.? Would perhaps 50k per year and have the other aspects of life in decent shape -- be better?

I wouldnt get out of bed for 50k per year but then millions do - by the way, how are things at the tesco warehouse these days?

I can guarantee you that the torrents of cliches you've poured forth since inception have not changed one iota your very own stated statistic of Moneytec users as being in the 90% (or did you say 95%) loser category.

yup, agree with you on that one good traders are very few and far between - but if i keep trying to help maybe one day one person will pick something up from me and get where he / she wants to be.

You know this crap does not work, yet you keep pouring it on knowing that these victims will swallow it because History guarantees that they will.

believe it or not i do believe in some of this shit - and why would i care if they swallow it or not - it's not as if i'm selling it is it

Even recently in the "trendline" thread you came up with a stupid answer, then when challenged, just trashed the entire subject of Trendlines -- in the same thread, Moving Averages met the same fate. Yet, you never said WHAT would work.

that's right - as you said a paragraph ago "you know this stuff does not work" - trendlines are bollox, moving averages as crosses are bollox - moving averages as dynamic resistance / support tho has merit. maybe the messiah would tell us all what would work - youve an open stage my lord, please continue .....

(before they take you back inside for the week)

ps - you said 'Dyin ain't much of a livin! ' too true - but then we all have 6 months to live - we just don't know when it starts. When my time comes i'd like the ferrari coffin rather than the degradable cardboard one please and trading means i will be able to afford it.

[Trader02]

Originally Posted by Soul-Trader2004

those are the words of a wise man. tho you can still do that AND make multiple trades - let me explain.

when i do discretionary trade i do not tie myself to any one timeframe and look at the market holistically - i have every single timeframe open from 1 min to 1 day.

my trades however, no matter which timeframe has the setup, are taken oin the 5 minute and my stop exits are determined on the one minute. I trend trade every day and i use the 1 minute because it trends every day.

the one minute chart has around 3-4 trends a day and i treat it like any other trend - i trade it and hang onto it until the trend is dead - sometimes those trends are 20 pips long, and sometimes they are over 100 - yes, ive had many one minute trades over 100 pips - simply because i dont have profit targets and i just follow the trend.

in fact it's my strongest rule that i do not close a trade manually - always on a stop

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No wonder you got this job here at Mtec! Tell us what calculations you perform if you just want to scratch a body part?

You are the absolute maddest trader I ever met and what's worse you worship your method. There is no hope for you and your followers.

Lalaland!

Have never had trouble finding a 4H trend to play among the Majors. One or two hours on the weekend to find prospects and do homework on TA and then when the play materializes during the week I'm in, sometimes early with drawdown, sometimes on breakout. Some positions could last for days and days, some weeks, some a month. In the meantime there is LIFE! A great feeling to be gone from the computer for hours doing other stuff and then return and see that only 1 or 2 bars have concluded.

Now don't get the impression I don't like you, Soul.

[Soul-Trader2004]

oh no, i know you love me to bits

actually you would be suprised how much time i spend trading each day.

My main trading technique takes 15 mins a day.

strange as it may seem i actually choose to take other trades but to be honest i don't trade very often anymore - most of my time these days is spent testing new methods and looking for another simple system that needs no human input - grail 2 to speak.

I only have around 2-3 years left in my plan TR02 and for that 2 years i'm willing to sacrifice - after that comes the yacht and the russian hooker

[Trader02]

Originally Posted by Soul-Trader2004

Ahh, i see they have let you out for a few days again from the halfway house in glasgow have they

Yes!



so what the heck are you doing on a trading site? - you must be dumb dumb dumb !!

You forget, Chief, I've been in Forex for just about 1 year with active trading since May last year. There were only ebooks and crappy books available for me to study so fortunately for me I stumbled into this restroom. Sheer luck!

Who would have thought that one could find in one such place EVERYTHING one should definitely NOT do -- in one fell swoop, in one location!

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I wouldnt get out of bed for 50k per year but then millions do - by the way, how are things at the tesco warehouse these days?

I'm satisfied with 50-75K per year. Thoroughly satisfied! Retired at age 40 and living in paradise on one fourth the cost of my previous living for the same standard as in California.

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that's right - as you said a paragraph ago "you know this stuff does not work" - trendlines are bollox, moving averages as crosses are bollox - moving averages as dynamic resistance / support tho has merit. maybe the messiah would tell us all what would work - youve an open stage my lord, please continue .....

Elliottwave, Dow Theory, Patterns/formations, Cycles, Gann, etc., etc. know them all (not much of Gann though) -- but ALL get flogged by simple Trendlines in combination with Fibonacci Retracement/Extension/Expansion. Moving Averages ARE dynamic support and a visual tool.

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(before they take you back inside for the week) ---

yeah, that is purgatory, this is Lalaland.



ps - you said 'Dyin ain't much of a livin! ' too true - but then we all have 6 months to live - we just don't know when it starts. When my time comes i'd like the ferrari coffin rather than the degradable cardboard one please and trading means i will be able to afford it.

No wonder you trade the 1-min charts. I personally don't give a rat's a*s what coffin I'm buried in; but I do prefer Porsches.