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- Joined Feb 2006 | Status: Blah blah blah | 1,410 Posts
The breaking of a wave cannot explain the whole sea.
An Edge for an Edge (System Development) 113 replies
Why your broker is your friend and your enemy 4 replies
How do you gain, and measure, your trading system's statistical edge? 29 replies
Gaining an edge from your exit 33 replies
Quoting Dark1DislikedFun question, how many of you guys believe you have an edge that will allow you to come out on top at the end?
Anyone care to reveal the general nature of their 'edge'? Be it psychic visions or superior understanding of price action/fundamentals.Ignored
DislikedMy edge is that I can find and exploit riskless trading opportunities...Ignored
DislikedMy edge is that I can find and exploit riskless trading opportunities...Ignored
DislikedIt takes a little bit of time, and you have to be able to tune into the world jungian consciousness, your reference of thought needs to be what the general world sees happening. Only then can you make decisions regarding price direction with accuracy.
It takes a lot of infrastructure to do this, you need SAT TV, and watch what the rest of the world is seeing. Anticipate their fears/desires. You need lots of newswires. The best ones are the ones that the national secret service agencies use. They get tippped off way in advance.
1)SAT TV
2)Internet newswires/realtime
3)actual interbank spread/order flow
4)charting software with multiple monitors/timeframes displayed
5)mental acuteness
6)minimal latency in price feeds/with backups
7)secure network
8)world clocks in different timezones
9)caffeine
10)free of personal problems/worries
11)survival is not dependent on the money you make in derivatives
12)clearing firms with good service
13)music
14)monitors with other markets displayed/oil/gold/bonds/equities/international indicies
The above are some of the things that are a must, when anticipating future price direction movements in derivatives. With all this information one can anticipate future price direction to a high degree of probability.
15) Risk Management, even using all this you need to be able to excute and carry out of plan, with predefined risk/reward, and when stopped out figure out why your wrong.Ignored
DislikedYou might laugh, be in disbelief, cry or go into shock but the following story about my edge is true.... accurate and scientific details have been removed to protect the innocent.
I lived in the Solomon Islands for 10 years... One day the local chief (i promised not to reveal his name) was swept out to sea while fishing off the rocks near his home near Gizo, you know, the location that PT109 sank with JFK. Overcome by a sense of humanity and bravery I dove into the thrashing white water and dragged him to safety.
In a tearful exchange he gave me a sacred device that had been given to him by JFK as a present for saving his life during world war II. He said that the device, shaped like a piece of volcanic rock with the color of granite with small knobs on the side could allow it's owner to see one hour into the future. Legend has it that the rock was found in Roswell, stored in Area 51 and subsequently stolen by JFK during a routine visit to the base.
(P.S. For any reader who might be inclined to PM me asking for a piece of the rock the answer is NO although it is for sale.
P.P.S For any reader who is inclined to believe my story, please, for the sake of us all, invest more money into forex because we love the zero sum game. )Ignored