Thinking and reading about my definition "Edge" versus what gurus here and elsewhere consider Edge. Either I am completely off-base or the entire world is lol. Probably I am but there is a reason why I don't like to read stuff and form any bias based on someone else's knowledge and understanding of the markets. It has served me well.
This shit is same as CrucialPoint telling us "There is an edge in every candlestick" and all the countless candlestick pattern interpretations freely available. To even think that these give you an "EDGE" is completely retarded imo. It's like saying "Double Top" is an edge lol
I am sticking with "THERE IS NO EDGE IN PRICE over TIME MOVEMENTS" that will make you win consistently in it's raw and unadulterated form. If any such Raw edge would always work with whatever % probability, MARKETS WILL SEIZE TO FUNCTION. They will no longer be efficient. There will be far more million dollar traders with far more auditable bank-supported account statements floating around us everywhere !
I still believe in my personal definition of EDGE >>> Edge is a Complete And Comprehensive Implementation of a Strategy or Collection of Strategies on one or multiple correlated or uncorrelated markets Which Consistently Yields Positive Expectancy OVER 3+ Yrs With a RoMad of atleast 2+.
I would love to seek more validation and input from someone in the professional non-retail trading community if I am completely off-base here!
"If you don’t know which market types your system works in the best you can ever hope for is mediocre performance, which comes down to small edges, long drawdowns, and systems not suitable for trading at R values of 2% or above. If you think your edge is universal and works all the time you are being foolish. Markets are hard to beat because they change constantly in fractal ways."
I agree with the Author that most Trend Following strategies will fail during ranging markets and vice versa and also agree that there is no such thing as a "universal Edge" but a Strategy CAN be designed to work across ANY market condition and "Markets Change in fractal ways" is a false statement to make imo. Why? because most strategies DO NOT track the scale of each fractal element that is used in the design. Most strategies do not even track which timeframe the trade was opened in. No timeframe means you have completely lost the ability to track scalability of price movements within the fractal framework. This is elemental to any MTF/Multipair strategy design. One must measure SCALE and use SPACING to accurately measure and navigate through the fractals via the process of INCEPTION. Perhaps the author is closed minded in his fractal analysis which is so fabulously ingrained in the highly correlated, mathematically calculated 28 pair currency model. Perhaps, he is not aware of price trapping methodologies and techniques that could be deployed. Perhaps, he is not aware of the tactical techniques used to calculate the total number of trades required to almost always come ahead. Just perhaps.... as I just read his article and have no idea about his experience or background. This is the reason why I DO NOT LIKE to read research articles or advice on the internet. You will ALWAYS FAIL if you read first and then try something new. Your mind is already biased going in on day one. You will NEVER EVER succeed in building solutions. "Failure at your own cost" is the best approach to finding answers to problems that no one has solved. I have failed 10,000 times and every failure is bringing me closer to where I want to be in my life!
Edit: Still on vacation and still going thru mental farts to try new ideas in my journey. Time has come to use my core skill on NQ..... MTF and Stacking. I was and still hoping not to go this route as it will force me to trade micro contracts and spread the strategy across more instruments. I am still hoping to find a very simple solution.
For those who love to stare at charts.... this is what we are doing to our eyes. When this happened to me was the day I decided to quit manual trading and go algorithmic/systemic. For the love of God, quit trading if you are going in circles. No amount of "winnings" is worth it if you put your eyes at risk!
This is what happens to scammers and deceitful degenerates in our regulated trading industry... but rarely do we see this in Retail Spot FX. Why trade SpotFX ? Let's stop this madness and break the brokers back who break our accounts openly and repeatedly via price manipulations.
To the brave men and women in our Armed Forces, I salute you !
To the brave First Responders, you got some TITANIUM BALLS to throw your life in peril to save another life. I Salute your courage and devotion towards saving another life! This world needs a whole LOT of you courageous folks to protect the weak and the vulnerable. I salute you with gratitude.
Hey Vee, Do you already know about the forum https://futures.io/? You may find better info and more like-minded people in there… Regards, Víctor
Ignored
This is my only online footprint in the social media world by choice. I am trying to get out of here for more than 3 yrs now but need someplace to chill and vent during long hours at work so this is it for me for now and forever :-
And I am usually in a foul mood on Fridays so working on that and being extremely nice today... it's a work in progress for me to stay calm every Friday afternoon/evening/nights :-(
{quote} This is my only online footprint in the social media world by choice. I am trying to get out of here for more than 3 yrs now but need someplace to chill and vent during long hours at work so this is it for me for now and forever :- And I am usually in a foul mood on Fridays so working on that and being extremely nice today... it's a work in progress for me to stay calm every Friday afternoon/evening/nights :-(
Ignored
Well, I could kindly share my never used "Elite Member" account with you ;-)
It should be useful in some way...
Hi Vee... I assure you my proposal is genuine and well intentioned.
Anyway... I only thought that if you are now mainly focused in trading Futures instead of Forex, well, a Futures forum (the best one out there) would be a better place to get into more meaningful conversations with greater feedback from other traders alike.
So it may be very worth your time... And you don't have to use your "real data" in order to signup.
{quote} I thought you were against wicks? Did you change your mind?
Ignored
I will post my response here to your comment. As I said earlier, either you follow to the target zone or you wait for price to arrive to the target area. To avoid manipulation, actually to ignore manipulative practices used by these algos, I found it necessary in my FX 28 pair EA to IGNORE WICKS. That is the only way I could do it and hence the recommendation in one of my bookmarked posts to ignore wicks.
In George's strategy, my interpretation of precision entries entries would involve Tip of Wick i.e. H or the L of candles involved in the so called herd mentality zones. It's the Tip that matters and a definitive hint. For those doing reversal trades, in my view, Tip of Wick tells a very good story and should not be ignored. I hope this covers the two posts I read on George's thread. Apparently tip of Wick is not involved in George's entries and better to wait a d see if more details is shared on their podcast. Until, then, I rather speculate on the market instead of wasting time trying to speculate on what is involved in entries. With the info shared, it should be able to devise our own style imo.
Edit: I hope folks are clear...when I say "IGNORE WICKS', I am referring to ignoring tip of Wick i.e. candle ranges, measuring ATRs, ADRs, Pivots, Fibs etc anything that affects calculation using Highs and Lows.
Edit1: Also, this thread is dead and no longer maintained as I am sick of talking about my journey. It will be binned soon so consider my posts in this thread as READ-ONLY please. Just do a "like" as an acknowledgement that you have seen my post should suffice for me to decide whether to leave the post or delete it within 24 hours. I also no longer want to discuss who does what in trading. I don't give a F*ck anymore nor should anyone give a F*uck what I do or wrote. I am mostly using FF as a vehicle to stay awake during long hours at night for work (like right now at 12:30 am my time).
This thread is now considered CLOSED to the general audience. I am unsubscribing from my own thread to limit my focus to what's more meaningful to my life going forward.
This thread is now considered CLOSED to the general audience. I am unsubscribing from my own thread to limit my focus to what's more meaningful to my life going forward.
Ignored
Vee, it's only a matter of time before you come back to Forex.
We are forex addicted; whether we like it or not.
Even George has gone out of context when he mentined in his podcast; that he does not beleive in a trading system. he beleives in psychology. I actually paused the podcast and went and had a cup of espresso to digest that *knowledge*. Either he doesn't understand the meaning of a "trading system" terminology; or ***********.........#####????!!!!
Ed Sekota said: "Everybody gets what they want from the market..."
{quote} Vee, it's only a matter of time before you come back to Forex. We are forex addicted; whether we like it or not. Even George has gone out of context when he mentined in his podcast; that he does not beleive in a trading system. he beleives in psychology. I actually paused the podcast and went and had a cup of espresso to digest that *knowledge*. Either he doesn't understand the meaning of a "trading system" terminology; or ***********.........#####????!!!! Ed Sekota said: "Everybody gets what they want from the market..."
Ignored
To sum it up.... Loss of Trust.... in everyone and everything who dances and sings the FX tune. Unless I see some substantiated evidence of profitability, every asshole on the planet is on my mental ignore list. Doesn't hurt to be nice and respectful but I am light years away from following anyone and anything blindly.
I am going to wipe clean my bookmarked shoutouts in next 24 hours. Some had complained via PM they could not click on the links so here it is. I will delete this post as well.
VeeFX: Essential Elements of Building a Comprehensive Trading Strategy
(Coming soon.....)
Jun 26, 2018 VEEFX
VeeFX: Define Your Trading and Investment Goals https://www.forexfactory.com/showthr...9#post11203589
Jun 16, 2018 VEEFX
VeeFX: Why I put folks on Ignore https://www.forexfactory.com/showthr...7#post11173697
Jun 15, 2018 VEEFX
VeeFX: Detoxification journey continues....
- Trading Systems Thread Owners without a supporting Demo Trade Explorer are now in my Ignore List.
- Red Flags holders with 200+ followers will soon enter my Ignore List
- Members with 5000+ Posts will soon enter my Ignore List
You should do the same to clean up the Swamp! It hurts your trading journey to "allow" Freedom of Speech from Idiots at the Factory!
Jun 14, 2018 VEEFX
VeeFX: Possible connection between MT4 and Why 99% of Retail Traders Lose https://www.forexfactory.com/showthr...67#post9939767
