Recent content by PollyM

Golden rule for new traders - those who know are mostly open source - for obvious reasons - they do not rely on their teaching for income. Check out everything you can before spending a penny - the INDE benchmark will give you a good springboard as it shows you the relative probabilities before...

Trading Ratios Garry, you're not far off the mark with the 3 out of 10. Have a look at the INDE benchmark and this also quotes 0.3 under this same Number ratio, taking a huge S&P500 data set on a stop-and-reverse basis, using a simplified version of Wilder's DIs. And on a positive note, the...

I thought that would get a reaction.

By the way, I understand that the INDE benchmark is also planning to compare the spread betting markets with the main markets through use of its comparables, just so you can see how well the spread betting prices are 'shadowing' the root markets - basically, to highlight which ones are closest...

If you follow there is no risk - the market is the truest expression of beliefs you can find. In consulting with a group you are actually reducing the group size down. You also have to ask, if you are able to find a system which works as an individual then why consult with others. The market...

Oh, and on mindset. No need to caught up too much on this - you'll find in trading, and in all walks of life for that matter, that this only becomes an issue when you do not know what you're doing. Once you see the comparables that the benchmark is calculating through, and which you are able...

Hi Tak, best wishes. Retail traders have there work cut out for them, but with perseverance you will get there. I've just seen yet another post this morning quoting the age-old failure rate. This is because much of the guidance is now outdated, and if you're into IT you have a leg up. Having...

It is much better to follow the market, than to predict. If you are computer scientist then you should have the calculating power to reduce the lag of a price indicator down to a minimum. If you choose predict, prophesying over price movement, you will eventually come a cropper, even if this...

How many times do you hear this? It's no wonder there's such a high failure rate - the guidance is so poor. The new trader quite rightly starts with price indicators and backtesting, but most of the guidance out there can now be seen to be off the mark, principally because it was devised in...

There comes a time to move on, and that line was crossed many years ago. My dear forex, you are living on borrowed time and I have come to take you home. Your maturity is now misusing your greater mind and abusing adolescent traders. I have no need to comment on the figures as they speak for...

Et dimitte nobis debita nostra sicut et nos dimittimus debitoribus nostris.

POST #6 I've attached the spreadsheet which, once you populate with the data referred to below, will output the figures shown on the attached pdf (I've had to zip the spreadsheet to enable upload as it's around 5 megabytes in xls format). The most critical figures are shown in the table above...

Every moment is different from that which has gone before and that which is to come. Trading is not an easy option. I think if you properly read my posts rather than taking the usual cynical view you may get somewhere. Or do you mean that trading cannot deliver a profit no matter what you do...

Thanks kimo'sabby. I'm presenting this so that new traders do not have to keep re-inventing the wheel. It gives a rudimentary process, and I'm very happy for new traders to take this forward for their own use, modifying it to suit their own personality, without any of the limitations imposed...

POST #5 In the next post I'll attach the spreadsheet with instructions on how to insert the price data and output the numbers and ratios. Ideally I would prefer to include the price data but for copyright reasons this is not possible. So it will take a little bit of work on your part, but not...