Well, I just hope he'll be back and up on the rage again after the ban is over. Might as well create a new journal too, since this one has been flooded with all these unrelated talks.
Tra-X
High Risk/Low Reward Ratio Trading System 108 replies
High risk reward experiment 0 replies
Low Risk/High Reward trading 4 replies
Good reward/risk ratio experiment 20 replies
Results for Low Risk,High Reward 11 replies
DislikedMerlin,
I seem as confused as the others as to where and what you find so offensive in terms of spreading his political agenda. IMO what is "bullshit" is that someone can't express their right to freedom of speech, regardless of the site, as long as it isn't directly harming anyone, what's wrong with expressing oneself, if someone does not agree, state it so or just don't look at this thread. Unless I am reading something wrong here, I think your moderating muscle has discredited this forum and hurt the traders here as a whole rather than improved the forum. Itme is without a doubt, one of the most valuable contributors to this forum for both newbies and longer term members, his input during suspension will be sorely missed, and I for one hope he does return, for the benefit of this venue.
Please shed some light on to what it is that you find so offensive, so in the future, we all have some idea as to what our limitations are towards freedom of speech within the FF.
Regards,
NorthproIgnored
Dislikeditme had qualms about giving me advice because i told him i worked for an aerospace company and he thus deemed me potentially evil because i might have dealings with the defense industryIgnored
QuoteDislikedThe two primary practitioners of the "Q-E" (Elliott and Q) trading system, myself and another scientist, have both observed some very perplexing phenomena which call into question the standard assumptions of linear time and causality. For instance, there was a clear and evident signal that the Bank of England would raise its interest rate BEFORE January 11th which could be discerned in the GBP/USD, EUR/USD, and especially the EUR/GBP wave patterns through specialised predictive analysis. These types of observations have been made regularly over a period of two years, to the extent that it has been remarked that advanced wave analysis can often PREDICT world events BEFORE THEY HAPPEN. There is even evidence that highly accurate quantitative and temporal deterministic effects are routinely evident in market price patterns, if the appropriate variables can be isolated and properly projected into the future.
I hypothesised in an earlier tract that a morphogenetic field manifests in two dimensions - first of all in the dimension of world events and processes, and secondly in the dimension of the statistical representation of those events in economic data such as price variations in currency exchange rates. Thus advanced wave analysis can theoretically foresee events by elucidating processes and trends that find expression firstly in wave patterns, and subsequently in releases of key economic data, or even world events.
(A morphogenetic field (a subset of morphic field) is a hypothetical biological (and potentially social) field that contains the information necessary to shape the exact form of a living thing, as part of its epigenetics, and may also shape its behaviour and coordination with other beings.)
Here is another phenomenon which may help to provide an analogue for the strange predictive power of advanced wave analysis - sound wave pattern propagation at greater than the speed of light. I present this research as an intellectual stimulus to advance the hypothesis that there is a deterministic dimension to technical and perhaps even fundamental macro-economic analysis which could have exploitable value for Forex analysts, especially as the Forex market can be perceived as a system of interconnected, superimposed wave pattern groups encompassing diverse orders of magnitude, from seconds to decades, of multiple and perhaps regularly varying frequency modulations, in various stages of phase relationship. Waves of information may be travelling through the energy system of price variation at speeds which exceed the pace of data collection and release, thus creating a forex analogue of superluminal (faster than light, and thus collapsing standard notions of causality) wave velocity.
Dislikedthis is my favorite part. the summary is, "a thesaurus can make you sound smart!"Ignored
DislikedHi Vantage, yes, as you already know I'm checking out other forums where I can be free to believe in economic reality, law and order, truth and freedom, without being falsely accused of hatred, breaking rules and impersonating myself.Ignored
DislikedLast week my analysis of GBP/USD suggested that we were in a Wave 4 downwards correction. On April 26 at 10:00 ET my scientific theory of wave motion indicated that a temporary bottom had been met at the price of 1.9890. I wrote in my trading journal at that time in another forum that the likelihood would be of a smaller wave 4 a-b-c upwards correction, followed by one more modest step down to about 1.9850 to 1.9860, to complete the Elliott Wave pattern and meet a Q target, which would be the turning point to a new strong upwards impulse wave targeting 2.0200 or higher. The expected a-b-c upwards correction pattern occurred. At 3:00 ET on April 27 the price descended to a new low of 1.9864, close to my predicted conservative reversal range. At 3:00 ET the direction of movement reversed and accelerated upwards 152 pips very strongly, reaching the price of 2.0016 at 8:26 ET. At 8:30 ET the disappointing US GDP figures were released as follows:
8:30 USD GDP Annualized q/q (p) High Impact 1.3% 1.9% 2.5%
8:30 USD GDP Deflator Annualized q/q (p) High Impact 4.0% 3.0% 1.7%
The price of GBP/USD then moved up another 25 pips to a daily high of 2.0041 at 8:35 ET, then descended to 1.9954 later on in the day.
It is thus seen that the movement of GBP/USD over the past two days, as always, followed the Q-E theory, and that the exact turning point this morning and subsequent strong upwards movement could be predicted the day before they occurred. It is also strange to note that the majority of the movement upward preceded the release of the data which many people employ to explain the movement.
These temporal causal anomalies occur very frequently. I have not heard anyone ever explain them. The general way to deal with them is to either ignore them, or to alter the version of events and say that the movement occurred after the news release, when in fact it preceded the news release. In many cases the news analysts say that a movement happened in response to a news or data release, when in fact the opposite movement actually occurred. Psychologists have frequently discovered that people adjust their perceptions by inventing the world around them, censoring what they don't believe in and adding perceptions where they feel they are needed, rather than adjusting their concepts to conform to reality.
I have made several hundred precise and accurate predictions of market moves in this trading experiment journal, and my new trading system which I began testing three weeks ago includes four out of five highly precise market predictions in the past two weeks, each with a highly favorable reward / risk ratio. It is believed by myself and my colleague in this research that it is possible to make these kinds of precise trend endpoint predictions with a high degree of regularity. He has already completed over two hundred successful experiments without any system failures, and I have started the test of my early version of the system with four successes and one very small loss.
I am making these statements not as a scientific testimony, but as food for thought and conjecture. It is not possible to verify the above statement about my colleague's trading performance, only to consider it as a hypothetical possibility to stimulate thought. My successful predictions, however, are a matter of record. One may interpret them as random guesses or evidence of a theory in process of discovery; that is a matter of choice.
I hope to offer some successful real time trades in this journal in the future. If my trading strategy based on my market analytical model encounters problems, then it may need adjustment. Note, however, that Jacko hasn't posted any live trades here lately to substantiate allegations of his legendary achievements in trading, nor have any of the other pundits who haunt this site.
If empirical evidence is to be the standard for evaluation of scientific and anecdotal claims regarding analytical models and trading systems, then that standard should be applied equally to all participants in this forum, not just to me. I therefore invite every trader who claims to know how to trade profitably to post at least 200 live trades in this trading journal over the next year, in order to get to the bottom of all the allegations and vague insinuations that fuel both the blind adulation and sneering contempt that contaminate the process of scientific discovery of truth.
Let me point out that pips are not a measure of performance of a trading system. There are many objective and meaningful criteria that can be employed. I place considerable importance on return on capital, percentage of winning trades, average reward / risk ratio, distribution of losses, and frequency of trades. Other people talk about expectancy, Sharpe Ratio, profit factor, maximum drawdown, etc. Many of these performance characteristics of a trading system influence the Risk Factor that can be safely employed. The Risk Factor, in turn, is exponentially related to the financial performance of the trading system. In fact, raw pips are a highly misleading measure of system performance. Many people divide their capital into many parts, earn pips on the various parts, then add all those pips together. Taking this concept to an extreme, let's say I separated my capital in 50 parts, then earned 10 pips on each part. Did I just earn 500 pips, or 10 pips of profit?
From a cursory examination, it seems that the trading system being implemented by Traex in his trading journal employing Elliott Wave theory is the most profitable I have seen yet on this forum. Here is a summary of his performance over the past 3 weeks. If the rules didn't discourage it, I could add testimony from several other traders who have similar or better performance.
" Weekly and April's monthly review:
Trades closed = 4, Wins = 4, Losses = 0
Gains in wins = 830
Net gain this week = +830
No open short-term trade this weekend.
Medium-long term trades open (for trial):
EUR/USD Short currently at around -50.
GBP/USD Short currently at around +120.
There's one last day of April on monday, but doing review on weekend closest to a monthly close is better.
Started on Easter Day 7th April. 3 weeks only so far.
Total trades = 19, Wins = 14, Losses = 5
Net gain for April = +1264 (approx. +37.9% of capital)
Successful wave-riding (capturing at least 50% of wave) = 3"
http://www.forexfactory.com/showthre...t=23569&page=7Ignored