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Higher Edge within a Single Candlestick

  • #1,321
  • Oct 9, 2017 12:40pm Oct 9, 2017 12:40pm
Quoting kprsa
{quote} see here (sorry for two posts, on my mobile and it renders the comments box strangely) http://www.traderslaboratory.com/for...-weighted.html
Thank you, kprsa. Will go through the thread. I think I've once seen it while surfing for other things.
  • #1,322
  • Oct 9, 2017 12:44pm Oct 9, 2017 12:44pm
Quoting AntiCre
{quote} Thank you, kprsa. Will go through the thread. I think I've once seen it while surfing for other things.

Btw, this is a very good, objective way to distinguish between noisy, mean-reverting (vwap~POC) and trend behavior.
k
  • #1,323
  • Oct 9, 2017 1:13pm Oct 9, 2017 1:13pm
Quoting strongtrader
{quote} You're posting very good stuff Copernicus, maybe you just would need a simple ruled method to make your trading decisions more mechanical, so that you could be more confident to increase your risk%; this would lead you to higher profits.
My approach is universal set of rules applied to different instruments and different scales to capture all market conditions and behaviors in a 24x5 cycle. Not real diversification but it works most of the time until it doesnt
Staying in my lane...
  • #1,324
  • Edited 3:27pm Oct 9, 2017 1:37pm | Edited 3:27pm
Quoting strongtrader
{quote} You're posting very good stuff Copernicus, maybe you just would need a simple ruled method to make your trading decisions more mechanical, so that you could be more confident to increase your risk%; this would lead you to higher profits.
Very good comment ST.

I don't know Copernicus at all, and can't speak for or about him, but generally speaking an over-analytical and/or over-intellectualised trading approach is the telltale sign of a fearful trader. I know so because I've been there myself, and I've seen others in the same situation.

The way out of the dilemma is to manage the fear instead of trying to control the market through analysis ad absurdum.

The risk and unpredictability, as well as the limitations of analysis, need to be fully accepted, and the fear managed, before progress can happen.

A quote from the Hagakure comes to mind:


The calculating samurais must inevitably turn into cowards. Their calculation deals with whether they can gain profit or suffer loss. They cannot stop constantly referring to the idea of loss and gain. They think of death as loss and life as gain. No wonder they dislike death. That is why they become cowards. And the men of learning hide their cowardice behind the screen of their intellect and oratory eloquence. People tend to misjudge them.


See also https://www.seeitmarket.com/the-art-...control-14679/
  • #1,325
  • Oct 9, 2017 1:44pm Oct 9, 2017 1:44pm
Quoting medici
{quote} Very good comment ST. I don't know Copernicus at all, and can't speak for or about him, but generally speaking an over-analytical and/or over-intellectualised trading approach is the telltale sign of a fearful trader. I know so because I've been there myself, and I've seen others in the same situation. The way out of the dilemma is to manage the fear instead of trying to control the market through analysis ad absurdum. Mechanical approaches won't work either, generally speaking. The risk and unpredictability, as well as the limitations of...
but whats wrong on his approach?

he is doing very good, trades what he like to have as amount (by this he is feeling good and dont have any fear) and know by calculation the risk, in best cases reduced by diversification over many porduct classes. why increasing risk when all is going well and all is calculated to a point. i think he did already calculated the drawdown to a point, where he can live with it and has a good chnace/risk value to survive and earn enough.

so he accepts the risks and unpredictability, but only until the point he cant predict it. if its not possible to predict both with a good chance then trading is impossible.

by the way: you write on the end "No wonder they dislike death." - i dont like death too, life is super and only one to have. so why to like death? i will see the people who are death are good traders, beeing alive can help a lot :-).
  • #1,326
  • Oct 9, 2017 1:47pm Oct 9, 2017 1:47pm
Quoting dukas_trader
{quote} but whats wrong on his approach? he is doing very good, trades what he like to have as amount (by this he is feeling good and dont have any fear) and know by calculation the risk, in best cases reduced by diversification over many porduct classes. why increasing risk when all is going well and all is calculated to a point. i think he did already calculated the drawdown to a point, where he can live with it and has a good chnace/risk value to survive and earn enough. so he accepts the risks and unpredictability, but only until the point he...

Keep on running, mate
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  • #1,327
  • Oct 9, 2017 1:51pm Oct 9, 2017 1:51pm
Quoting medici
{quote} Keep on running, mate {image}
why, simple why , you always answer so like you are "stupid", only picture or video, no arguments, whats wrong with you?

yes, you are not full experienced and often have wrong things told. man , thats no problem, you can still write and learn and bring arguments, dont be a coward. but so useless stupid answers, really why? you look so noob with this, and always try to impress more like a noob.

whatever, your problem if you dont have arguments to your points.
  • #1,328
  • Oct 9, 2017 1:53pm Oct 9, 2017 1:53pm
Quoting dukas_trader
{quote} why, simple why , you always answer so like you are "stupid", only picture or video, no arguments, whats wrong with you? yes, you are not full experienced and often have wrong things told. man , thats no problem, you can still write and learn and bring arguments, dont be a coward. but so useless stupid answers, really why? you look so noob with this, and always try to impress more like a noob. whatever, your problem if you dont have arguments to your points.
You should get yourself a BarkBox.
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  • #1,329
  • Oct 9, 2017 2:01pm Oct 9, 2017 2:01pm
Quoting medici
{quote} You should get yourself a BarkBox. {image}
ohoh, i told you, you look like a noob by sending stupid picture and dont having arguments , and you proof it again (with no arguments and a picture), you are now now looking like a super noob .
and all this as your answer to a simple question to your text. what will happen when i would correct all your mistakes as a long list
  • #1,330
  • Oct 9, 2017 2:16pm Oct 9, 2017 2:16pm
Quoting dukas_trader
{quote} ohoh, i told you, you look like a noob by sending stupid picture and dont having arguments , and you proof it again (with no arguments and a picture), you are now now looking like a super noob . and all this as your answer to a simple question to your text. what will happen when i would correct all your mistakes as a long list

It's very simple - you're too stupid for words:

I say, in my reply to ST, that I am not talking about Copernicus at all, yet you respond to me asking

Quote
but whats wrong on his approach?

And on it goes with further morose questions, indicating that you hadn't understood a thing of what I wrote.

So, here I made an exception for you, but in the future it'll be suitable pictures again, as your reading comprehension leaves a lot to be asked for.
  • #1,331
  • Oct 9, 2017 2:24pm Oct 9, 2017 2:24pm
Quoting medici
{quote} It's very simple - you're too stupid for words: I say, in my reply to ST, that I am not talking about Copernicus at all, yet you respond to me asking {quote} And on it goes with further morose questions, indicating that you hadn't understood a thing of what I wrote. So, here I made an exception for you, but in the future it'll be suitable pictures again, as your reading comprehension leaves a lot to be asked for.
wow, so i answer now to you, and wil get again picture? wow, this will help a lot, then i really are happy to answer you, thanks. when you will stop your picture noob time, i answer to your question or text. because i had wrote correct. your problem was you did call exactly what many advanced traders do, calculate all by math, because its so easy possible, if you know what to do. and was not possible to see any reason why you tell your text, because there was no disadvantage not to do, and only advantages to do.
when you are back in answer mode, you can get more aspects, but i dont like to speak against picture sender, then i feel like in kindergarden.
  • #1,332
  • Oct 9, 2017 2:25pm Oct 9, 2017 2:25pm
Quoting AntiCre
Although diversification and compounding are interesting topics, too, I'd like to come back to the topic of this thread. In the very beginning of it there was a discussion on either using a fixed or a moving reference point. I've thought we could use both. And thus, I've hacked a bounded MA which is calculated over the period of an hour (highlighted in the background) while keeping the anchoring point (the first M1 candle of the H1 bar) constant. With the open and the moving reference line it is now much easier to see where prize may go. Any comments?...
oh ok so you have the open and the moving average as reference point, but how/when do you enter and exit ? and does it have anything to do with "95% of the time price will close above or below the open" ?
  • #1,333
  • Oct 9, 2017 3:05pm Oct 9, 2017 3:05pm
Quoting metta87
oh ok so you have the open and the moving average as reference point, but how/when do you enter and exit ? and does it have anything to do with "95% of the time price will close above or below the open" ?
Quoting metta87
wont happen, or he ll blow his demo like his friend Eurusdd a.k.a Peter Acquaah (similarity -dissimilarity stuff), funny thing is most of the people following him used to have eurusdd the scammer also as their guru. dude's whole mission here with his cryptic stuff is to entice noobs to trade, period. Like i said before, couple years ago he was on fxcm dailyfx forum, preaching the exact same stuff he been preachin here. wont be surprised if he works for them ( FXCM/FF),no wonder all the charts he posts are from FXCM's...
Serious Question No hatred, No malice attached:
You write shit about me, yet you're very curious about my bullshit.
You write shit about me and then ask the people who follow me.... Seriously, how do you think they would reply?
There are plenty of systems out there that will show you the how and when to enter and exit... why pursue my bullshit?
I don't get it.
  • #1,334
  • Oct 9, 2017 3:21pm Oct 9, 2017 3:21pm
You guys are really worked up. Everyone is ready to blow. Trading shouldn't instill anxiety. Put on some pink floyd, have a glass of wine, and wait for the market to come to you. No one has to prove anything to anyone. I don't care if my advice is followed, and I'm pretty sure I'm not the best trader on these boards. But so what? It works for me, I love what I do, and I'm thankful I was given a talent that allows me the freedom to enjoy some luxuries in life and my family. If your trading account isn't growing, you are doing something wrong. Keep looking like I and many others have. Eventually it will come...
  • #1,335
  • Oct 9, 2017 3:21pm Oct 9, 2017 3:21pm
Quoting CrucialPoint
{quote} {quote} .... I don't get it.

Why you care?
  • #1,336
  • Oct 9, 2017 3:29pm Oct 9, 2017 3:29pm
Quoting nealpek
Eventually it will come...
No, not for everyone.
It's not a Hollywood story where the hero wins at the end of the day.
It's real life, and there will be plenty of NOT so happy ending.
  • #1,337
  • Edited 3:44pm Oct 9, 2017 3:32pm | Edited 3:44pm
Quoting Botan626
{quote} Why you care?
I don't care in that sense.

I just want to hear the response because I'm more interested in the psychological process that's running in their heads.
It's a part of a database I collect over the years regarding success and failures in life.

Intellectual disability and cognitive impairment is a broad spectrum.
I've always been fascinated to find evidence of people to overcome and triumph over such impairments (and other things).
As a side hobby, I have been fascinated in finding clusters (psychological) that can also be exploited to excel/boost the human mind, even if just a tiny fraction (without the use of drugs).
  • #1,338
  • Oct 9, 2017 3:36pm Oct 9, 2017 3:36pm
Quoting CrucialPoint
{quote} No, not for everyone. It's not a Hollywood story where the hero wins at the end of the end. It's real life, and there will be plenty of NOT so happy ending.
Agreed! So what? Who cares! If you found your niche, you should be laughing at the world. If you challenge my trading methods or my success, who cares! I'm the one that takes care of my family and pays the bills....just laugh it off. Is your system better than mine, couldn't care less. I'm always open to entertaining new ways of doing things or tweaking what i'm currently doing. This is how traders are built, and its what propels them to success! The journey is the fun part...lots of pink floyd and tons of Pinot's,lol
  • #1,339
  • Oct 9, 2017 3:41pm Oct 9, 2017 3:41pm
Hey Folks,

I have been lurking on this forum for about 5 or so years. I never joined because the negativity was just, so horrible. It took a long time, but I finally learned how to weed through the posts, the information and the people. It got to the point that the only thing I would do is read Crucial Point's stuff.

With that being said, when he disappeared last year I was really bummed out and I would check this place over and over for any of his/her new posts. I almost brought myself to join, just so I could subscribe and find out when there is a new post.

I remember this thread the first time around and last week when I say it revived with CP's posting, it was fantastic to see.

There are some really good mind's in this thred! Frickn' genius' in ever sense of the word. (No sarcasm intended.) With the revival of this thread I couldn't resist joining, so I could follow CP and a couple of others.

My point being, you guys/girls have some serious talent in here, so please don't go ruining it by running good people out of here.

Thanks!

Curical Point... Big Fan Dude (or Dudette)!!!! You have a couple of posts that I have been reading for a solid year, and at least 20x a day just waiting for it to sink in. I appreciate all you give!!! I admit, I still haven't gotten this one 100% yet, but I am profitable, however I still need to bring it to the next level, so keep on' keeping on!!! You have some listening eye's on you! Peace!
  • #1,340
  • Oct 9, 2017 3:42pm Oct 9, 2017 3:42pm
Quoting CrucialPoint
{quote} I don't care in that sense. I just want to hear the response because I'm more interested in the psychological process that's running in their heads. It's a part of a database I collect over the years regarding success and failures in life.

Hi CP, is there anyway i can contact you please? there are atleast a few like me who is putting lot of years of effort in learning and understanding the concepts...
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