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Higher Edge within a Single Candlestick

  • #1,341
  • 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.
Continue your thought provoking posts a d you have my attention...or else you go on my mental block just like many posts that add no meaning to my journey :-)
Staying in my lane...
  • #1,342
  • Oct 9, 2017 3:46pm Oct 9, 2017 3:46pm
Quoting CrucialPoint
{quote} 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.
CrucialPoint, what do you think separate those who get it and those who don't? Innate skill?
  • #1,343
  • Oct 9, 2017 3:47pm Oct 9, 2017 3:47pm
Quoting yonnie
waiting for the next crisis. NQ going up fast from 2009 onwards 1,017 to more than 6,000 right now. what goes up fast, will go down faster still.
so when will the next global crisis hit?
within 1 year, 2 years etc....... nobody knows, but we can only be prepared for when it happens.
thought for a moment it was going to happen with the Chinese debt scare in August 2015 and January 2016, but they put a lid on it.
C. suggested to go in now in such a way to not to lose a lot of money before the crisis hits.
in this thread are so many more knowledgeable traders than I am, that I unashamedly would like to pick their brains if they`re willing to solve this little puzzle.

In my naive way I thought to place a NQ long trade on the December futures and a NQ short trade on the March futures or expiry dates further away.
The long trade to capture any left-over upside and will be closed when we get a couple of extra-large down candles with news to match.
The short trade will stay in place and other short trades will be added on the way down and put @ BE as soon as possible.
I will be closing out my short trades when its stalling around 2,000.

anybody thinks I`m deranged?!?
  • #1,344
  • Oct 9, 2017 3:51pm Oct 9, 2017 3:51pm
Quoting VEEFX
{quote} Continue your thought provoking posts a d you have my attention...or else you go on my mental block just like many posts that add no meaning to my journey :-)
The psychological aspect of trading is a very big part of the trading and should not be overlooked (some would argue against).
Of course, in search and to create a system is hard enough, but the psychological mountain is as big as the technical aspect of trading.
I might just have a couple more post and will be forever gone.
  • #1,345
  • Edited 4:16pm Oct 9, 2017 3:57pm | Edited 4:16pm
Quoting yonnie
{quote} so when will the next global crisis hit? within 1 year, 2 years etc....... nobody knows, but we can only be prepared when it happens. thought for a moment it was going to happen with the Chinese debt scare in August 2015 and January 2016, but they put a lid on it. C. suggested to go in now in such a way to not to lose a lot of money before the crisis hits. in this thread are so many more knowledgeable traders than I am, that I unashamedly would like to pick their brains if they`re willing to solve this little puzzle. In my naive way I thought...
Nice mate. Not deranged....everyone has their own style :-)

But just to clear things up a bit. "C. suggested to go in now in such a way to not to lose a lot of money before the crisis hits."....almost but the reality is that "I suggested to go in now in such a way to make a lot of money when the crisis hits.". It is not a play on equities which may burn you as playing the long short is not as easy as it may sound, it is a play on commodities which are anti-correlated to equities and currently have very small finite risk exposure given their relative positioning from $0. A small investment with a finite risk cap is an unusual thing in the market where you can achieve plus 300% in an instant.....but you just don't know when. That's why you look for opportunities with no holding costs and just sit on your hands and do other stuff without the worry.

I like to take control. If my controls fail...then I fail. That's the mantra that those who manage other people's money should recite:-)

Some may interpret that as being 'scared'....whereas others may interpret that as being 'prudent'. I interpret it as what I am comfortable with....so I go with that. Go with what you are comfortable with I think is the advice here. :-)
  • #1,346
  • Oct 9, 2017 4:02pm Oct 9, 2017 4:02pm
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...
No problemo mate. If people can't see it....t'is ok with me. You can't lead a horse to water. That's what creates the human race. Most can't read, but you can't hold it against them. At least we can all aimlessly chat to fill in the time. I am extremely happy with my approach. It has allowed me to take control. I even share the joy on this forum....but I do like the sound of my own voice...and that's my vice. It may be CPs vice..it may be all our vices ?..Cheers :-)
  • #1,347
  • Oct 9, 2017 4:02pm Oct 9, 2017 4:02pm
Quoting CrucialPoint
{quote} The psychological aspect of trading is a very big part of the trading and should not be overlooked (some would argue against). Of course, in search and to create a system is hard enough, but the psychological mountain is as big as the technical aspect of trading. I might just have a couple more post and will be forever gone.
only one serios question? how many years you are now forever gone ;-). just joking, but sometimes you tell this to often.

but why you will leave, you learn here many things and looks like some/many people learn from you. you correct mistakes and some correct your mistakes.
so its win win, and when there are arguments all the time a discussion is also in place and you got better with time in this.
  • #1,348
  • Oct 9, 2017 4:07pm Oct 9, 2017 4:07pm
Quoting Copernicus
{quote} No problemo mate. If people can't see it....t'is ok with me. You can't lead a horse to water. That's what creates the human race. Most can't read, but you can't hold it against them. At least we can all aimlessly chat to fill in the time. I am extremely happy with my approach. It has allowed me to take control. I even share the joy on this forum....but I do like the sound of my own voice...and that's my vice. Cheers :-)
yes true. people often see only their points and cant be objective. thats the bigger advantage in math, you cant be subjective so easy, you have to be objective.
  • #1,349
  • Oct 9, 2017 4:12pm Oct 9, 2017 4:12pm
Quoting dukas_trader
{quote} yes true. people often see only their points and cant be objective. thats the bigger advantage in math, you cant be subjetive so easy, you have to be objetive.
There used to be a funny cartoon about that which ranked the sciences and way off in the distance you have the mathematician. I agree. I might not understand them but they are an exceptional breed :-)
  • #1,350
  • Oct 9, 2017 4:14pm Oct 9, 2017 4:14pm
Quoting CrucialPoint
{quote} The psychological aspect of trading is a very big part of the trading and should not be overlooked (some would argue against). Of course, in search and to create a system is hard enough, but the psychological mountain is as big as the technical aspect of trading. I might just have a couple more post and will be forever gone.
Please do and please stay. We can only learb from each other and prosper. There is enough hate going on around the world so why bother
Staying in my lane...
  • #1,351
  • Oct 9, 2017 4:15pm Oct 9, 2017 4:15pm
Quoting CrucialPoint
{quote} {quote} Serious Question No hatred, No malice attached: You write shit about me,
hey brother, what shit did i write ? everything said was true or was it not ? please dont get mad at me, you know i like you.
Quoting CrucialPoint
{quote} {quote} 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.
haha Now regarding your "bullshit" ( i agree by the way) im not really curious as you hope about that tbh, i just didnt get the point between nealpek's chart and the title of the thread a.k.a "higher edge in a single candlestick" when his intention was to bring the thread back on topic. Thats all. The only thing/person i m really curious about in this thread is this guy https://www.forexfactory.com/showthr...6#post10311876 since we both do something a lil similar and last i've heard he is not one of your "follower" actually u're on his ignore list.
  • #1,352
  • Oct 9, 2017 4:19pm Oct 9, 2017 4:19pm
Quoting jrtrading
{quote} CrucialPoint, what do you think separate those who get it and those who don't? Innate skill?
well first you need to be his "follower" and then you need to remember that
Quoting CrucialPoint
Everything one needs to know about this thread is in the first 30 pages.
  • #1,353
  • Oct 9, 2017 4:24pm Oct 9, 2017 4:24pm
Quoting jrtrading
{quote} CrucialPoint, what do you think separate those who get it and those who don't? Innate skill?
You're not going to like the answer

Innate skill do play a role and have a big leverage on one's development of "getting it".
But there are also a lot of environmental factors that can hinder the innate skills.

It is based on your ALL of your life experience.
From the day of your consciousness to date.
All the environmental factors such as family, society, country, education, belief, etc...

I don't attribute my success due to my hard work and innate skills... I attribute my success by luck.
After researching lots of successful people in many different fields,
I found one common cluster they all agree >>> they understood and attributed their success to luck.
These are the big dogs; Richard Branson, Warren Buffet, Bill Gates, Benjamin Franklin, etc...

Once you get a hold of your ego, you will clearly see that hard work is a very small part of success.
Once you get a hold of your ego, you can let go of the pursuit of success.
Jim Rohn: "Success is not something you pursue. Success is something you attract."

To sum it up:
It depends on all the randomness and chaotic soup to blend the right mixture.
To which, nobody has no control of.
Hard work and innate skills are no guarantee.
  • #1,354
  • Oct 9, 2017 4:27pm Oct 9, 2017 4:27pm
All the Best to Your Trading METTA87
  • #1,355
  • Oct 9, 2017 4:33pm Oct 9, 2017 4:33pm
Quoting CrucialPoint
All the Best to Your Trading METTA87
stop lying man, you dont mean it. Thanks nonetheless
  • #1,356
  • Oct 9, 2017 4:41pm Oct 9, 2017 4:41pm
Quoting CrucialPoint
{quote} You're not going to like the answer Innate skill do play a role and have a big leverage on one's development of "getting it". But there are also a lot of environmental factors that can hinder the innate skills. It is based on your ALL of your life experience. From the day of your consciousness to date. All the environmental factors such as family, society, country, education, belief, etc... I don't attribute my success due to my hard work and innate skills... I attribute my success by luck. After researching lots of successful...
Well, this time I do not agree with you.
I would say that there are a few people that have been grown with the mindset oriented to success; for this reason they are lucky; the majority are not so lucky and have to build their mindset to success, but the good news is that it is possible to re-educate your mind.
It is not easy at all but the important thing is that is is possible: I am one of those unlucky that made it.
It is a matter of working on yourself enhancement; every normal person can do whatever would like to do.

"Simplicity is even more difficult than complexity: you have to work hard to clean up your thinking and keep it simple.
But once you get it, you can even move mountains."
Steve Jobs
  • #1,357
  • Oct 9, 2017 4:41pm Oct 9, 2017 4:41pm
Quoting Copernicus
{quote} There used to be a funny cartoon about that which ranked the sciences and way off in the distance you have the mathematician. I agree. I might not understand them but they are an exceptional breed :-)
The joke is that choosing to become a mathematician has a low probability of getting the accolades for your achievements.
And if you are a mathematician who gets a Nobel Prize... nobody care and you are not that celebrated like the other Nobel Lauriates.
That's why it is ranked at the bottom, not due to its intellectual prowess. But ranked bottom due to social unpopularity.
LOL Typical humans.
  • #1,358
  • Oct 9, 2017 4:51pm Oct 9, 2017 4:51pm
Quoting strongtrader
{quote} Well, this time I do not agree with you. I would say that there are a few people that have been grown with the mindset oriented to success; for this reason they are lucky; the majority are not so lucky and have to build their mindset to success, but the good news is that it is possible to re-educate your mind. It is not easy at all but the important thing is that is is possible: I am one of those unlucky that made it. It is a matter of working on yourself enhancement; every normal person can do whatever would like to do. "Simplicity is even...
There will be no Mayweather without his dad and uncle to train him.
There will be no Steve Job without Steve Wozniak
There will be no Michael Jordan without Phil Jackson

Despite having a success-mindset, you won't reach your potential without the people (or the environment) that can leverage your potential.
If Randomness and chaos didn't provide you with the right environment, your success-mindset will dry up against the wind.
You will be a totally different person if you didn't meet me.
  • #1,359
  • Oct 9, 2017 4:55pm Oct 9, 2017 4:55pm
Quoting CrucialPoint
{quote} You're not going to like the answer Innate skill do play ..
Thanks, appreciate the answer!
  • #1,360
  • Oct 9, 2017 4:58pm Oct 9, 2017 4:58pm
Quoting CrucialPoint
{quote} There will be no Mayweather without his dad and uncle to train him. There will be no Steve Job without Steve Wozniak There will be no Michael Jordan without Phil Jackson Despite having a success-mindset, you won't reach your potential without the people that can leverage your potential. You will be a totally different person if you didn't meet me.
luck is always a part in all parts of life: if you get ill , if you have an accident, born in wrong country, people met...

but for many thinks you can do something to increase your chance: dont smoke, ...
and some things you can increase your chance extrem: like for example learning basics in trading step by step , go to university to find better payed job...

your last sentence was funny, " different because meeting you" , this was told as joke or? if not then forget my sentence ;-).
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