"All I Want in Life is an Unfair Advantage"
Have you started in house? How are you finding it?
No, in house starts on 12th November.
I see Guy keeps delaying the results for October group. First Wednesday, then Thursday now Monday. Wonder what the issue is?
Maybe he's focused on setting up the next batch (i think they got most of their accounts and stuff setup on Wednesday/Thursday) and then who wants to do work on a friday evening?? :P
Don't know really, could be lots of things. Have you been trading FX on a retail basis or did you work for a trading firm?
If you guys don't make the cut this time, will you consider Topsteptrader?
With prop you've got guys staring at DOM's to get into and out of trades before anyone else, speed is key, i find it hard to imagine an indicator that will help with that (but i don't really use them so don't know).
I find it hard to see how a one size fits all trading system could work (not suggesting that's what yours is), for example a trading system is unlikely to be able to take advantage of all trading days, on a trending AND range/choppy day, then trending days could be completely different depending on the volatility etc.
My advice would be to be to focus on a market and how it tends to move in different circumstances. Then before each trading day looking more at things like what the levels are for the day (that a large number of traders will be watching) which are you expecting to get tested and what might the reaction be. What sort of day do you expect to see and how are some ways it could likely play out if you are right, how it will likely play out if you are wrong etc. What news is there for the day how could that effect things etc.
Here are some morning reports from propex to get an idea for levels etc. They put them up pretty much every morning
Last edited by havaiana; 4th-November-2012 at 11:23 PM.
My 3 month in house training starts the 19th Nov in Sydney.
Mixed feelings going into it as I've heard some mixed reports but also some positive ones.
Will be an experience, either way.