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  • #661
  • Sep 28, 2017 12:21pm Sep 28, 2017 12:21pm
Quoting dukas_trader
{quote} thats true, but you have to think different: all you say is correct with the 50% winrate , when you always trade same currency with same trading amount and same takeprofit and same stoploss and dont come over the rollover time. if only one thing is changed the result is different. trading system is more complex, entry is only one small part of it. and very important, the win rate is normally total unimportant. i have never looked at it, because all this numbers are inside the win/drawdown calculation. many different systems with different...
So... you are obsessed with CP but not with J16.
Perhaps your problem with him is not that he is a "faker" ?
You are repeating the same 2+ century old popular subjective statements just like J16 (who you have nothing against), unlike CP who actually brought up original rare ideas.
Is it perhaps because you don't want to sound "outside the box" in order to not scare away followers ?
The truth is hidden from you
  • #662
  • Sep 28, 2017 12:26pm Sep 28, 2017 12:26pm
Quoting AntiCre
{quote} That was exactly the point that I want to prove: The average outcome will be negative. But surely, the results will vary a lot if we play games of different lengths. Keep up good work (y) BTW: What do you think about the use of two different reference points, where one is more responsive then the other (maybe using the more responsive one for exits and the less responsive one for entries?!
The idea of using a more/less responsive reference point should be preceded by the question of whether or not to use a moving reference point or a static one. With a static reference point you have a more reasonable expectation that price will move from it because it does not move with price. A moving reference point(ma etc.) can follow price as it moves so that potentially all the movement it has to offer has already occurred.

I toyed with the idea of a rolling open. The open price n seconds/minutes previous. The problem was that the reference point was constantly moving but it was not always because of what was happening now. Rather it moved because of what had happened before. I keep coming back to static reference points it seems to make sense. The real problem with them obviously is that you cannot take every movement from that point or you will be chopped to death. It makes sense to use a point in time of high volatility and to choose your point in areas where price is more likely to move away from cleanly.
  • #663
  • Sep 28, 2017 12:28pm Sep 28, 2017 12:28pm
Quoting MaxenshteinD
{quote} So... you are obsessed with CP but not with J16. Perhaps your problem with him is not that he is a "faker" ? You are repeating the same 2+ century old popular subjective statements just like J16 (who you have nothing against), unlike CP who actually brought up original rare ideas. Is it perhaps because you don't want to sound "outside the box" in order to not scare away followers ?
can you give me a hint, who is J16?? can you tell me exactly user name, that i can check at least about who you talk? is he writing in this thread?

CP did bring to your orginally ideas is funny, because he only did wrote what you can find on many places, without some crazy stuff and such extrem mistakes.
then you need to take a look in the internet and books simple more, and you find more fast the ideas.
but what exactly is rare in CP ideas? that the big mistakes other dont make? i cant understand this point.

your last sentence i dont understand? what followers. whats outside the box? you have this border in your mind, i dont have any, for me there is no in or outside the box, there is no box at all, so you need to explain me your question more exactly that i know a little bit what you speak about.
  • #664
  • Sep 28, 2017 12:34pm Sep 28, 2017 12:34pm
Quoting dukas_trader
{quote} can you give me a hint, who is J16?? can you tell me exactly user name, that i can check at least about who you talk? is he writing in this thread? CP did bring to your orginally ideas is funny, because he only did wrote what you can find on many places, without some crazy stuff and such extrem mistakes. then you need to take a look in the internet and books simple more, and you find more fast the ideas. but what exactly is rare in CP ideas? that the big mistakes other dont make? i cant understand this point.
James16.
Please be so kind to show references of : refference point, 6 trading dimensions, multiple time frames from a single chart, and etc. Found in anywhere in such details, apart from CrucialPoint.
The truth is hidden from you
  • #665
  • Sep 28, 2017 12:39pm Sep 28, 2017 12:39pm
Quoting MaxenshteinD
{quote} James16. Please be so kind to show references of : refference point, 6 trading dimensions, multiple time frames from a single chart, and etc. Found in anywhere in such details, apart from CrucialPoint.
james16 looks online last time feb 2016. how should i wrote to his textes when he did not post any new? i dont understand what you mean with i did not say about James16 but about crucialpoint. you have to tell me more exactly, i cant check it, why both are connected?

can you send me the thread and page or the links to it, to your topics you speak about. then more easy to find and answer. but multiple timeframes in one chart, there are many indicators for this already since years, but maybe i am wrong and title is misleading. so i wait for your links.
  • #666
  • Sep 28, 2017 12:55pm Sep 28, 2017 12:55pm
Quoting dukas_trader
{quote} james16 looks online last time feb 2016. how should i wrote to his textes when he did not post any new? i dont understand what you mean with i did not say about James16 but about crucialpoint. you have to tell me more exactly, i cant check it, why both are connected? can you send me the thread and page or the links to it, to your topics you speak about. then more easy to find and answer. but multiple timeframes in one chart, there are many indicators for this already since years, but maybe i am wrong and title is misleading. so i wait for...
Here are the topics I've mentioned : https://www.forexfactory.com/showthread.php?p=3400462

As for James16, as I understood your main problem is with fake gurus in the forums. J16 makes around 100k$ monthly just from selling access to his private forum, yet not a single person I know of including J16 ever posted any kind of proof at all of consecutive profitability. If your goal is to fight fake education, than perhaps you will find that J16 cult a good starting point.

As a matter of fact this entire thread started out due to one of the topics from CP.
The truth is hidden from you
  • #667
  • Sep 28, 2017 1:01pm Sep 28, 2017 1:01pm
Quoting dukas_trader
{quote} difficult. when you start trading and first years your text could be correct and often it is more easy to do your way. but after some years you learn, that with some complex calculations your return gets so extrem better, your risk get much smaller and then win/drawdown is so much higher if you do it more complex calculated. you program it one time, and have it for the future. by starting i had 1 trading system, now there are so many. but i dont have the many systems because the first did not work, its because with each system i trade short...

This is your belief and I respect it, but I'm not a beginner and I began to make profit since the day I made things simple; since that day I've been working to make it simpler and simpler and my profits became higher and higher. Once I understood how things work the simplicity went ot its highest degree and so my consistency.
Reading your thoughts I understand where you come from: I'm not saying you cannot be profitable with your calculations, but I'm living on a different world in which each thing is coherent with all the others, to form a system driven by an elegant and simple logic, that is universal.
Everything in our known universe is ruled by that simple logic, even us human beings and all that we can create, so is market too; and the more you do complicate things the more you leave far away from that logic.
Last but not least, don't confuse simplicity with easy, they are not synonymous.
  • #668
  • Sep 28, 2017 1:02pm Sep 28, 2017 1:02pm
Quoting MaxenshteinD
{quote} Here are the topics I've mentioned : https://www.forexfactory.com/showthread.php?p=3400462 As for James16, as I understood your main problem is with fake gurus in the forums. J16 makes around 100k$ monthly just from selling access to his private forum, yet not a single person I know of including J16 ever posted any kind of proof at all of consecutive profitability. If your goal is to fight fake education, than perhaps you will find that J16 cult a good starting point. As a matter of fact this entire thread started out due to one...
i will take a look at the topics.
but about James16. because i never heard about him, then you should wrote something. you can only say something against what you see.

but he is not like crucialpoint, leaving and coming back, writing mistakes and bullshit again, fake around, leave again, and restart, or?
looks like he is disappaered , so writing something would be useless, or?
  • #669
  • Sep 28, 2017 1:05pm Sep 28, 2017 1:05pm
I think that a single candlestick should be traded with other factors of confluence to put the odds of success in your favor, i don't think that we can depend on just one candlestick to trade the market. i trade using candlestick patterns but i always look for factors of confluence .
  • #670
  • Sep 28, 2017 1:17pm Sep 28, 2017 1:17pm
Quoting strongtrader
{quote} This is your belief and I respect it, but I'm not a beginner and I began to make profit since the day I made things simple; since that day I've been working to make it simpler and simpler and my profits became higher and higher. Once I understood how things work the simplicity went ot its highest degree and so my consistency. Reading your thoughts I understand where you come from: I'm not saying you cannot be profitable with your calculations, but I'm living on a different world in which each thing is coherent with all the others, to form...
hmm, i think we speak not same language, but have a little bit same content.

i have all easy already done, can i ask you about how many money you trade after this many years? maybe thatswhy we speak about a little difference? because until 500k all was extrem easy and even possible with 1 system and very easy. but some years later it was extrem opposite.

i am doing it complicated, because each thing is coherent with each other. so we have same coherent, but doing different because all is coherent ;-).
but maybe you misunderstand my complicated , trade decision is done in 5 seconds, simple using the informations. so no complicated. all is calculated and from returns the decision can be made. soi no time investing or long decisions. what was time investing was creation of this part and improving.

but without i was not able to have small working drawdown with near a line equity chart, and that was my goal. with one simple system it was possible, but with many systems it wasnt , not for me at least.
  • #671
  • Sep 28, 2017 1:33pm Sep 28, 2017 1:33pm
Quoting dukas_trader
{quote} but he is not like crucialpoint, leaving and coming back, writing mistakes and bullshit again, fake around, leave again, and restart, or?..
I don't want to defend anyone and, I'm sure, no one needs it. But I must say that I've learnt a lot from CP. His posts were the source where I first heard about the concept of trading without using historical data (or by using the most recent data).

I agree that some of information (or maybe even all the information) can be found elsewhere. But it's not easy to find it - especially when we don't know what to look for. I believe that his collection of ideas and hints helped many people here. So, let's just respect each other and learn what we can. Peace to all

P.S. Sometimes we don't notice what is right in front of our eyes:

Attached Image (click to enlarge)
Click to Enlarge Name: Google Maps.jpg Size: 872 KB


Same in trading.

Regards,
Artem
Let's go with the flow
  • #672
  • Sep 28, 2017 2:00pm Sep 28, 2017 2:00pm
Quoting artem_t
{quote} I don't want to defend anyone and, I'm sure, no one needs it. But I must say that I've learnt a lot from CP. His posts were the source where I first heard about the concept of trading without using historical data (or by using the most recent data). I agree that some of information (or maybe even all the information) can be found elsewhere. But it's not easy to find it - especially when we don't know what to look for. I believe that his collection of ideas and hints helped many people here. So, let's just respect each other and learn what...
if you use date from actuall candle stick or last, its using historical data :-).
he did teach stupid wrong, thats all.

its only small backward data used, nothing new, he only did named it different. exactly same like all use, historical data only differnet lookback time.

and i dont tell that all what he post was wrong, many things what he looks like writing down from books was ok, nothing news, nothing special, only something normal.
but what he looks like he write by himself was often extrem wrong, 100% wrong or total crazy, that was the parts i spoke about. so no problem with his standard articels. but thats his way, write standard articels, hope people will find it good and believe in him, then presenting bullshit to pose and hope many will believe it. he did it to often.

your last text can also be better used as: sometimes we see what is in front of our eyes, but cant check it because our believe is stronger then our math knowledge.
  • #673
  • Sep 28, 2017 2:27pm Sep 28, 2017 2:27pm
Quoting artem_t
{quote} I don't want to defend anyone and, I'm sure, no one needs it. But I must say that I've learnt a lot from CP...
Also not wanting to come here to defend, but I also believe CP has provided positive value to the forum and this thread. Especially when you consider the recent spike in its activity with quality posts from quality members. And while there is no need for me to further comment on the math of playing roulette, I believe the point of his post was creating a way of playing the game with the use of a reference point, providing a simple system within a single session of play, and aligning itself with topic of the thread.

In regards to his post on the average range of the major pairs, I also don't really consider him completely incorrect. Volatility of the average range changes from week to week and differs given which day of the week it is. CP's chosen pair is GBPUSD, so I'll use it as an example but the same is relatively true of the other pairs, in that the average will fluctuate. Trend if you will. This is a 10 week average of GBPUSD per day of the week. A Monday low of approx. 81 pips and a Friday high of 120.5.

Attached Image


This second chart is a 10 week weekly average. Currently at 100.5 pips. The last time being above 120 was late Feb.
Attached Image


I am certain this is nothing new or extraordinary to anyone here. I believe the point that's trying to be illustrated is that a low positive average expectancy in pips in relation to a larger range is all that is needed to have success. In his example, 6 pips.

Lots of great contributions here and fun to read.
BTS
  • #674
  • Sep 28, 2017 2:57pm Sep 28, 2017 2:57pm
Quoting BadTunaSalad
{quote} Also not wanting to come here to defend, but I also believe CP has provided positive value to the forum and this thread. Especially when you consider the recent spike in its activity with quality posts from quality members. And while there is no need for me to further comment on the math of playing roulette, I believe the point of his post was creating a way of playing the game with the use of a reference point, providing a simple system within a single session of play, and aligning itself with topic of the thread. In regards to his post...
nobody says anything about it.

we spoke about this sentence from cp: "The average daily range of any MAJORs is around 120pips."

and in any mayor it is not, that was the point, that some has, all know it.
ofcourse if you only pick out some parts from cp, sometimes he is correct :-).
  • #675
  • Sep 28, 2017 3:07pm Sep 28, 2017 3:07pm
Dukas you got bad Comprehension... seriously its no joke.

Quoting dukas_trader
{quote} nobody says anything about it. we spoke about this sentence from cp: "The average daily range of any MAJORs is around 120pips." and in any mayor it is not, that was the point, that some has, all know it. ofcourse if you only pick out some parts from cp, sometimes he is correct :-).
Attached Image (click to enlarge)
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  • #676
  • Sep 28, 2017 3:11pm Sep 28, 2017 3:11pm
Quoting CrucialPoint
Dukas you got bad Comprehension... seriously its no joke. {quote} {image}
you are joking or? exactly your sentence i copied 1:1 ,so whats your problem? sometimes you are really crazy, and dont check the world around you. fake less and its more easy for you to start winning in trading, and you dont have to fake so much after this.
  • #677
  • Sep 28, 2017 3:48pm Sep 28, 2017 3:48pm
UNSUSCRIBED..

Sadly the original point is lost.. at least i met a couple guys who are willing to explore this idea away from this thread

good luck everyone
  • #678
  • Sep 28, 2017 3:56pm Sep 28, 2017 3:56pm
Quoting strongtrader
{quote}...but I'm living on a different world in which each thing is coherent with all the others, to form a system driven by an elegant and simple logic, that is universal. Everything in our known universe is ruled by that simple logic, even us human beings and all that we can create, so is market too; and the more you do complicate things the more you leave far away from that logic. ...
Best guess: you are talking about fractals?
Persistence will get it. Consistency will keep it.
  • #679
  • Sep 28, 2017 4:01pm Sep 28, 2017 4:01pm
Quoting strongtrader
BTW Hello Copernicus, nice to read you again; I hope everything is ok with you
Hi S. Long time no hear :-). All good mate....and still slowly getting into the groove of what you and I used to talk about......they were very enjoyable discussions
  • #680
  • Sep 28, 2017 4:21pm Sep 28, 2017 4:21pm
Quoting dukas_trader
{quote} hmm, i think we speak not same language, but have a little bit same content. i have all easy already done, can i ask you about how many money you trade after this many years? maybe thatswhy we speak about a little difference? because until 500k all was extrem easy and even possible with 1 system and very easy. but some years later it was extrem opposite. i am doing it complicated, because each thing is coherent with each other. so we have same coherent, but doing different because all is coherent ;-). but maybe you misunderstand my complicated...
Definitely we speak different languages, but likely also the fact that english is not our mother language is playing its role.
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