EU 
Self discipline It is a practice
- #75,703
- Jan 29, 2019 4:07am Jan 29, 2019 4:07am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote} Took the same trade, except just moved my SL to BE as I write this. Probably will be stopped out but too close to quarterly open plus that 1.1450 nice round number there so playing it safe. So far it's been a BUY all day, but a narrow range so anything could happen. My bias is more towards the upside for now though, maybe 1.1475 today then back down? Or if 1.1450 holds then down to 1.1375?
Trade safe Pal
Happy Trading
Trades technical moves enforced by fundamentals
- #75,704
- Jan 29, 2019 4:08am Jan 29, 2019 4:08am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
{quote} knkie, do you have any reading material on your standard deviation calculations to recommend? just asking to sieve out whats useful before i dive into it
wikipedia gives a good overview/definition of Standard Deviation
https://en.wikipedia.org/wiki/Standard_deviation
But you dont want to get dogged down in the research part of Stdev ...rather the application to trading.
There is forever a discussion whether trading should use ATR or Stdev.
A good rule of thumb is that 2 Stdev=3ATRs.
In any case, there is a wonderful Google book called "the volitility course"..all for free
Here is a link to the book:
https://tinyurl.com/y7yeledr
The link should take you straight to page 67 for ATR & Stdev...but the whole book is worth while.
Hope this helps you !
in wondering about yourself, you forgot what you came here to be part of
{quote} hey Engweij... wikipedia gives a good overview/definition of Standard Deviation https://en.wikipedia.org/wiki/Standard_deviation But you dont want to get dogged down in the research part of Stdev ...rather the application to trading. There is forever a discussion whether trading should use ATR or Stdev. A good rule of thumb is that 2 Stdev=3ATRs. In any case, there is a wonderful Google book called "the volitility course"..all for free
How many days / weeks are you using for the the calculation?
- #75,706
- Jan 29, 2019 4:30am Jan 29, 2019 4:30am
- Joined Aug 2018 | Status: Full-Time Gambler | 2,549 Posts
{quote} hey Engweij... wikipedia gives a good overview/definition of Standard Deviation https://en.wikipedia.org/wiki/Standard_deviation But you dont want to get dogged down in the research part of Stdev ...rather the application to trading. There is forever a discussion whether trading should use ATR or Stdev. A good rule of thumb is that 2 Stdev=3ATRs. In any case, there is a wonderful Google book called "the volitility course"..all for free
You hesitate, you masturbate.
- #75,707
- Jan 29, 2019 4:31am Jan 29, 2019 4:31am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
{quote} Hi knkie, How many days / weeks are you using for the the calculation?
The reason I dont use indicators is because they are subjective...how many periods do you choose?
Whats objective is Highs, Lows, Opens & Closes.
SO I do not use Bollinger Bands or such.
I take the OHLC of last week and the OHLC of yesterday as well as the OHLC of the last H4 bar.
Then i calculate the Midpoint +- 2.5 stdev's
in wondering about yourself, you forgot what you came here to be part of
- #75,708
- Jan 29, 2019 4:37am Jan 29, 2019 4:37am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Trades technical moves enforced by fundamentals
- #75,712
- Jan 29, 2019 5:15am Jan 29, 2019 5:15am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
It is always difficult to make prediction....especially about the future. Happy math trading
its way more easier to predict the past
in wondering about yourself, you forgot what you came here to be part of
- #75,715
- Jan 29, 2019 5:24am Jan 29, 2019 5:24am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
EU
Self discipline It is a practice
- #75,716
- Jan 29, 2019 5:29am Jan 29, 2019 5:29am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
{quote} https://journals.plos.org/plosone/ar...l.pone.0068344 this adds a bit of context
i like this sentence:
"for the individual trader, a purely random strategy represents a costless alternative to expensive professional financial consulting, being at the same time also much less risky, if compared to the other trading strategies"
in wondering about yourself, you forgot what you came here to be part of
- #75,717
- Jan 29, 2019 5:31am Jan 29, 2019 5:31am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #75,720
- Jan 29, 2019 5:57am Jan 29, 2019 5:57am
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
