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Cable Update (GBP/USD) without Idiots 23 replies

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Cable Update (GBPUSD)

Quoting Elknit
{quote} You have 18 months but choose to hide..
but i already told other before 22 dec is -9999999999999%
i will come back to your TE after 6 months for evaluation. since it shows only 5 days of your trading life . . alot of us make things in few hours! but no history

recommendation: hide your account . . not each time all trades are safe especially with high risk positions . .
last week was very clear and good for trading + lack of mentality itself . . (mentality of a probable successful trader)
Be yourself
Quoting Macd-rsi
{quote} but i already told other before 22 dec is -9999999999999% i will come back to your TE after 6 months for evaluation. since it shows only 5 days of your trading life . . alot of us make things in few hours! but no history recommendation: hide your account . . not each time all trades are safe especially with high risk positions . . last week was very clear and good for trading + lack of mentality itself . . (mentality of a probable successful trader)
By your own logic, you should hide your TE as well since it is only 35 days, not yet 6 months..cheers!
Quoting Elknit
{quote} By your own logic, you should hide your TE as well since it is only 35 days, not yet 6 months..cheers!
i have a different philosophy, and do not take high risk, and use diversification . .
and what is important deep tough experience . . plus it will be shown temporarily . . to be under pressure to focus more .. you know!


when i recommend you to hide, because of high aggressive risk . . (be cautious)
مثل عربي
ما كل مرة تسلم الجرة
Arabic Proverb

assume I have as an investor 100,000 USD ... Do you think that I will trust you to manage it! IMPOSSIBLE following this trading style. .
Be yourself
Quoting Macd-rsi
{quote} i have a different philosophy, and do not take high risk, and use diversification . . and what is important deep tough experience . . plus it will be shown temporarily . . to be under pressure to focus more .. you know! when i recommend you to hide, because of high aggressive risk . . (be cautious) مثل عربي ما كل مرة تسلم الجرة Arabic Proverb assume I have as an investor 100,000 USD ... Do you think that...
And that is the difference between you and me...I do not intend to trade for others while you do! That's why you have to hide bad trading history because you want to show only the good stuff to attract clients.
[quote=pipcenturion;14304737]
Quoting DrDave
{quote} Give me any 10 or 20 numbers, let's do it practically here. Any 10 or 20 numbers of your choice. Go ahead!
I think that you misunderstood my point. Your last post appears to be an affirmation that you know the MECHANICS of calculating the stated statistics. But my post does not deal with the mechanics at all. Rather, my point was, are you applying statistical methods that are valid to apply on populations that are both stationary and normally distributed to data that has not been shown to meet the two requirements?

Considering that financial time series are non-stationary, it immediately becomes doubtful that your application to the ranges has any statistical meaning at all. That is why I asked for either a reference or your own statistical tests that you have performed that demonstrate that your data is taken from a population that is both stationary and normally distributed.
The markets are speaking to you. Do you know their language? I M T
Quoting Macd-rsi
{quote} learning from deep suffer . . but it is too early to judge ... 5 weeks-trading not an accurate measure . .
Sorry to hear you had to suffer.
Most of us had a bouncy ride, looks like it is kind of part of process.
Wishing you best success in trading and keeping winning chart upwards.
Quoting Jolita
{quote} Sorry to hear you had to suffer. Most of us had a bouncy ride, looks like it is kind of part of process. Wishing you best success in trading and keeping winning chart upwards.
mistakes is always expected it is how we get better. I for one have taken many years of learning, even today I’m still learning . Always learn
Master your mind. Master Trading.
Quoting DrDave
Quoting pipcenturion
{quote} I think that you misunderstood my point. Your last post appears to be an affirmation that you know the MECHANICS of calculating the stated statistics. But my post does not deal with the mechanics at all. Rather, my point was, are you applying statistical methods that are valid to apply on populations that are both stationary and normally distributed to data that has not been shown to meet the two requirements? Considering that financial time series are non-stationary, it immediately becomes doubtful that your
...
@drdave, the principle works on market data.
I have used it for many years in my earlier years of trading.
There is scientific knowledge and then there is knowledge that has a relationship with the known. For many years,I have mused over, thought deeply about and become one with the principle I write about.
I am not just an academic whose knowledge of a subject matter is simply head knowledge. I have practicality in the application of this particular principle.
So again, I assure you that the principle works on market data.
Quoting Elknit
{quote} And that is the difference between you and me...I do not intend to trade for others while you do! That's why you have to hide bad trading history because you want to show only the good stuff to attract clients.
These issues not big ones . .
what is important: Stop Trading ... trading in this way burnt thousands of traders . .

just imagine XAU.USD touch 1976 last week! are you will be happy with 0.00 USD ??

If you can not, try very-low-risk, market will not fly or disappear . .
Be yourself
Quoting Jolita
{quote} Sorry to hear you had to suffer. Most of us had a bouncy ride, looks like it is kind of part of process. Wishing you best success in trading and keeping winning chart upwards.
suffer is part of our life . . body suffer, mind built
concise knowledge itself is a value and deserve a lot
best wishes for all
Be yourself
  • Post #724,231
  • Quote
  • Edited Jan 29, 2023 6:01am Jan 28, 2023 5:34pm | Edited Jan 29, 2023 6:01am
Quote
Experience with real-world data, however, soon convinces one that both stationarity and Gaussianity are fairy tales invented for the amusement of undergraduates.

- David Thomson

Daily range distribution since October 2000. (5580 data points)
Attached Image (click to enlarge)
Click to Enlarge Name: ch.png Size: 7 KB

Following plot shows CDF of data agains CDF of a Normal distribution
Attached Image (click to enlarge)
Click to Enlarge Name: pp.png Size: 9 KB

So it's scewed and non-stationary (I'll just skip those details)

... Daily range extension is a useful technique. But taking mean+3 deviations is pointles, let's just take max value and +/- to daily open...

Edit: uploaded wrong graphics at first.. corrected
Quoting DrDave
Quoting pipcenturion
{quote} I think that you misunderstood my point. Your last post appears to be an affirmation that you know the MECHANICS of calculating the stated statistics. But my post does not deal with the mechanics at all. Rather, my point was, are you applying statistical methods that are valid to apply on populations that are both stationary and normally distributed to data that has not been shown to meet the two requirements? Considering that financial time series are non-stationary, it immediately becomes doubtful that your
...
Descriptive statistics not applicable to non-normally distributed data?
Quoting W0lfram
{quote}{quote} Descriptive statistics not applicable to non-normally distributed data?
Hello sir,
I love for you to use your hand to prove yourself wrong.
For the next 5 trading days, kindly post the screenshot of a H1 chart of GBPUSD with Bollinger bands on it.
Band setting
Period 24
Deviation 3
Applied to : close
Shift : zero

Let's see how often it envelopes each day's trading range.
Do you accept this challenge?
Quoting pipcenturion
{quote} Hello sir, I love for you to use your hand to prove yourself wrong. For the next 5 trading days, kindly post the screenshot of a H1 chart of GBPUSD with Bollinger bands on it. Band setting Period 24 Deviation 3 Applied to : close Shift : zero Let's see how often it envelopes each day's trading range. Do you accept this challenge?
What?

Quote
kindly post the screenshot of a H1 chart of GBPUSD with Bollinger bands on it.
Kindly do whatever you want, not going to serve you.

I'm asking DrDave does descriptive statistics applicable to non-normally distributed data.

Quote
Let's see how often it envelopes each day's trading range.
The larger the deviation, the wider the range it will cover. What's the point? Use 5, not 3, 100% accuracy
Are you thinking about 68-95-99.7 rule? We don't have normal distribution here. I've posted chart above.
[quote=pipcenturion;14304737]
Quoting DrDave
{quote} Give me any 10 or 20 numbers, let's do it practically here. Any 10 or 20 numbers of your choice. Go ahead!
Go ahead, make my day
Traders are very difficult people ro deal with. In all honesty, this is part of the reason we have such a high failure rate in this industry.
I simply suggested to Georginson that he should consider introducing a factor of safety to his range analysis. I used two simple methods to obtain a suitable value for this factor of safety. That's all.
The suggestion was for Georginson alone. Now I have been dragged into an argument with people I never quoted in my post. People who didn't seek to help him better his system before now.
Why are traders like crabs with a PHD (Pull Him Down) syndrome? Keep 20 crabs in a basket and watch what happens if anyone tries to climb out of the basket - it will be pulled back down!
We have a community of people with extremely sharp minds yet they have made it impossible for themselves to work together, create something and beat the market.
It is a big shame on us all.
#stop the infighting
Quoting pipcenturion
Traders are very difficult people ro deal with. In all honesty, this is part of the reason we have such a high failure rate in this industry. I simply suggested to Georginson that he should consider introducing a factor of safety to his range analysis. I used two simple methods to obtain a suitable value for this factor of safety. That's all. The suggestion was for Georginson alone. Now I have been dragged into an argument with people I never quoted in my post. People who didn't seek to help him better his system before...
I didn't quote you either. it was you who addressed me and seems to have misunderstood my post. I don't know why you got caught up in the argument.
Quoting pipcenturion
{quote} Hello sir, I love for you to use your hand to prove yourself wrong. For the next 5 trading days, kindly post the screenshot of a H1 chart of GBPUSD with Bollinger bands on it. Band setting Period 24 Deviation 3 Applied to : close Shift : zero Let's see how often it envelopes each day's trading range. Do you accept this challenge?
Accurate entry point with few pips risk ( 1 to 1.5 % risk ) helps a lot in accumulating big money.

Such low risk, high reward entries possible in Asia.

This is Friday Tokyo open.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 12 KB
Intraday only.
Quoting navk
{quote} Accurate entry point with few pips risk ( 1 to 1.5 % risk ) helps a lot in accumulating big money. Such low risk, high reward entries possible in Asia. This is Friday Tokyo open. {image}
Wow! This is very lovely and neat!

5 minutes chart right?

This is simply amazing!!!

Thanks so much @Navk

I am most grateful sir.
Quoting pipcenturion
{quote} Wow! This is very lovely and neat! 5 minutes chart right? This is simply amazing!!! Thanks so much @Navk I am most grateful sir.
To me, I look to accumulate good money ( say 0.5 to 0.7 % ) in Tokyo.

Why I say Tokyo, the price tends to retrace in Asia for the previous day NY move.

Trading sessions ( Asian, London, NY ) has helped me a lot.

Especially on Fridays, the price tend to move in one direction in asia, London in one side.

NY opposite.
Intraday only.
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