DislikedHi CrucialPoint, If you read this, what are your thoughts on wave interference in relation to price movement?Ignored
Looking for higher timeframe candlestick overlay indicator 6 replies
Beating the Odds - Edge Within a Single Candlestick (Explained) 70 replies
An Edge for an Edge (System Development) 113 replies
top 2 single candlestick pattern 7 replies
There is No Edge in a Single Candlestick 64 replies
DislikedHi CrucialPoint, If you read this, what are your thoughts on wave interference in relation to price movement?Ignored
Dislikedwhat are your thoughts on wave interference in relation to price movement?Ignored
DislikedWhat is an edge? {image} {quote} {quote} An edge is a higher statistical occurrence. I think everyone can agree to this? that an edge is simply a higher statistical occurrence. Or the other edge... is to cheat Is there anyone else who can give me a different definition of an edge? So... 95% price will close above or below the open (price will move away from any reference point). 95% are candlestick 5% are dojis. 50% body 25% wick. 80% are breakouts 20% are inside bar 80% are breakouts 20% are outside bars (outside bars are breaks...Ignored
DislikedThe candle in discussion could be any candle, as long as its range is more than the transaction cost. It could be a yearly candle, quarterly, monthly, weekly, daily, session .... M15 ... etc. The longer the time the better the outcome, but with less opportunities. Using the candle open as a reference point helps maintaining a directional bias. Day Trading example: Have a bullish bias as long as price is above daily open, session open and H1 open. Enter Long on pullbacks, SL below daily open, first target at previous swing high. Best entries would...Ignored
DislikedWhen you say add 1 for red and minus 1 for black, these blacks and reds can be of different and not the same so do you consider that as well when you add 1 or minus 1? If you look into the roulette, each black and red are not the same, they have different points or score in them.Ignored
Disliked{quote} How are the reds different and blacks different? Remove all the numbers. All you get are red and black. Red +1 Black -1 0 subtract the opposite (Red and Black are equally distributed throughout the wheel)Ignored
DislikedBased on the momentum, the red and black can be of different length. Sometimes they can be one, sometimes they can be more than one. So do we consider that more than one as it is or it's still added/subtracted as only one? {quote}Ignored
Disliked{quote} red +1, red +1 (2), red +1 (3), black -1 (2), red +1 (3), 0 -1 (2), red +1 (3), red +1 (4), red +1 (5) If you draw this on a graph you are 5 points up. As long as red remains above 0 line there will be more red, below 0 more blacks Above 0 bet red. Below 0 bet black.Ignored
Dislikedfunny, two people with little math knowledge speak about roulette. and dont know each round is not connected to round before because always game restarts and so all they speak is complete useless. oh man, crucialpoint cant even learn from his mistakes when you calculate him all in math basic rules for 100% sure he is wrong. sometime to some persons you can only say: dont trade if you dont have basic math experience or just learn it and stop misleading people with bullshit.Ignored
Dislikedand dont know each round is not connected to round before because always game restarts and so all they speak is complete useless. oh man, crucialpoint cant even learn from his mistakes when you calculate him all in math basic rules for 100% sure he is wrong.Ignored
Disliked{quote} Hei dukas answer this. You are playing footbal, only two players, you and a friend. Your friend has the ball and you have to catch it. There are 4 basic moves: up, down, left, right. 4 moves total and anytime you have 1/4 or 25% to guess the right move. Any moves that he will do is independent from previous move. So how will you catch the ball if any move is independent? Please don't tell me you will follow him because it is against what you said before. CP has always said that there is a big difference from throwing statistic and understanding...Ignored
Disliked{quote} OK Dukas Trader you WIN. Me dumb... me very very dumb. You smart... You very very Smart.Ignored
QuoteDislikedFor all the people who have read my posts. I mentioned that I made money playing roulette. And this is how I made money playing roulette. Because if you draw a reference point. And for each black you draw 1scale down and for red you draw 1 scale up. For 0 you draw the opposite. If you don't have paper and pen, you can do it in your mind; +1 for red -1 for black. 0 is minus the opposite. You buy above the line and sell below the line. Because as long as the numbers remain above the line there will be more reds than blacks. As long as numbers remain below the line there will be more black than red. 0 is basically your spread. This is your statistical edge "95% you will either get red or black". Trade and money management was not included in this example but is required when playing roulette. The only reason I didn't continue playing roulette is because it was time consuming with very little return compare to FX. And you are not able to compound your profits like in FX. Despite the mathematical brilliance and elegance of the House's statistical edge in roulette. There are limited people who's able to make money from it. Despite the mathematical genius in its construction... they needed to add 00
DislikedCP please answer me. Are you using Point & Figure charts ? If yes/no then why? Its really important to me to understand your perspective better.Ignored
Disliked{quote} I thought about it. But after 2 losses you need to double your bet, to get some profit. And if goes Red, Black, Red, Black long enough martingale won't work. So doubling shouldn't work. So you use smaller multiplications like 1.1 - 1.2? But after that win, you must be in loss overall. It's difficult to think money management that will work.Ignored
Disliked{quote} I've basically handed over 80% of the system. I didn't disclosed the Exit and Money management. If you're still unable to crack it.... I can assure you that Forex trading is 50x harder than what you are trying to solve here.Ignored
Disliked{quote} I thought about it. But after 2 losses you need to double your bet, to get some profit. And if goes Red, Black, Red, Black long enough martingale won't work. So doubling shouldn't work. So you use smaller multiplications like 1.1 - 1.2? But after that win, you must be in loss overall. It's difficult to think money management that will work.Ignored