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The PRISM project

  • #21
  • Oct 10, 2019 12:53pm Oct 10, 2019 12:53pm
"Most convincing sources agree that only 10% of traders remain successful at a distance of 10 years, and when we are talking about FOREX, it is likely 1%. So if you take a prudent look, it appears that becoming experts and relying solely on your strengths is not promising. The probability of success on the long distance is too small..."
as long as what you have is an technical method, there would always be a hole in your technique.
  • #22
  • Oct 10, 2019 1:19pm Oct 10, 2019 1:19pm
Quoting mariaartenia
"Most convincing sources agree that only 10% of traders remain successful at a distance of 10 years, and when we are talking about FOREX, it is likely 1%. So if you take a prudent look, it appears that becoming experts and relying solely on your strengths is not promising. The probability of success on the long distance is too small..." as long as what you have is an technical method, there would always be a hole in your technique.
I tend to agree with that! That's why we need not only technique, but also a strategy! The strategy is an algorithm what to do when you see a hole, and what to do when you see anything else.

But still the technique choise is very important. It should be worth building the strategy around it.
  • #23
  • Oct 10, 2019 1:29pm Oct 10, 2019 1:29pm
[quote=mariaartenia;12553394]"Most convincing sources agree that only 10% of traders remain successful at a distance of 10 years, and when we are talking about FOREX, it is likely 1%. So if you take a prudent look, it appears that becoming experts and relying solely on your strengths is not promising. The probability of success on the long distance is too small..." as long as what you have is an technical method, there would always be a hole in your technique.[/

I know there are technical analyst traders 100% exact and right at their entries. They are very successful lonely traders relying on their own strength. I think a trader needs to find his/her own method and beleive in thyself.
There are no weapons that will form against my financial prosperity.
  • #24
  • Oct 10, 2019 1:30pm Oct 10, 2019 1:30pm
Quoting Jj1Joker
{quote} I tend to agree with that! That's why we need not only technique, but also a strategy! The strategy is an algorithm what to do when you see a hole, and what to do when you see anything else. But still the technique choise is very important. It should be worth building the strategy around it.
Are using copy guru in your trade brother?
  • #25
  • Oct 10, 2019 1:32pm Oct 10, 2019 1:32pm
Quoting birpinar
Quoting mariaartenia
"Most convincing sources agree that only 10% of traders remain successful at a distance of 10 years, and when we are talking about FOREX, it is likely 1%. So if you take a prudent look, it appears that becoming experts and relying solely on your strengths is not promising. The probability of success on the long distance is too small..." as long as what you have is an technical method, there would always be a hole in your technique.[/ I know there are technical analyst traders 100% exact and right at their entries. They
...
Dude this is what im looking for. I believe a success trader tends to get no fame in their life. I would be happy if you share me those source of trader.
can you share here?
Hope you are doing well birpinar
  • #26
  • Oct 10, 2019 2:12pm Oct 10, 2019 2:12pm
Quoting mariaartenia
{quote} Are using copy guru in your trade brother?
No, I don't)
  • #27
  • Oct 11, 2019 12:58am Oct 11, 2019 12:58am
Quoting mariaartenia
{quote}{quote} Dude this is what im looking for. I believe a success trader tends to get no fame in their life. I would be happy if you share me those source of trader. can you share here? Hope you are doing well birpinar
Dove_alliance is one and the only reachable 100% trader currently. You can find his writings at The Paradox System Thread but I can not guarantee if you can contact him because he set the thread to high impact members only. You can send him a PM. Just try.

The Extreme TMA system seems to be another very successful but not 100% system created by Alfredo. You can try that system as well.

That’s it.

Regards
There are no weapons that will form against my financial prosperity.
  • #28
  • Oct 16, 2019 5:50pm Oct 16, 2019 5:50pm
Here is another possibility! Let's see if the price reaches the calc p6 level = 141.843. That is where the sell order will be set.

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  • #29
  • Oct 17, 2019 1:45pm Oct 17, 2019 1:45pm
And again orders cancelled. In this case we can see that price reached the red zone (initial zone). After that price crossed the skyblue-colored zone (2-nd aim zone) before the green zone (Enter zone) was reached. Since this moment we consider that model already fulfilled it's main role, and the correction (or trend reversal) is already happening. So there is no more reason to wait for green Enter zone to be reached. We simply cancel orders...

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  • #30
  • Oct 22, 2019 3:10pm Oct 22, 2019 3:10pm
Ok, let's see this one

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  • #31
  • Oct 23, 2019 12:06pm Oct 23, 2019 12:06pm
Aaand cancelled again, too long, too long
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  • #32
  • Oct 23, 2019 5:46pm Oct 23, 2019 5:46pm
Ok, next one:
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  • #33
  • Oct 23, 2019 11:27pm Oct 23, 2019 11:27pm
This one is also interesting to check out (trade)
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  • #34
  • Oct 24, 2019 1:05pm Oct 24, 2019 1:05pm
Price reached break zone, so I've hit stop-loss. Nevertheless the model is ok, it reversed tend before break zone was left

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  • #35
  • Oct 24, 2019 3:14pm Oct 24, 2019 3:14pm
and the next one

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  • #36
  • Oct 26, 2019 5:15am Oct 26, 2019 5:15am
This model haven't taken shape, orders cancelled

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  • #37
  • Oct 26, 2019 7:00am Oct 26, 2019 7:00am
Waiting for the perfect entry - seen from a technical point of view - is not always recommendable.
Because time goes by (e.g. against you), especially on a 4 hour chart, and new news /setups are being created.
Better is to trade the price into the direction of the anticipated turning point.
Discretion is vital.
  • #38
  • Oct 26, 2019 7:00pm Oct 26, 2019 7:00pm
Quoting Fx-Gamer
Waiting for the perfect entry - seen from a technical point of view - is not always recommendable. Because time goes by (e.g. against you), especially on a 4 hour chart, and new news /setups are being created. Better is to trade the price into the direction of the anticipated turning point. Discretion is vital.
Ex-Gamer, there are few different point's mentioned in your post:
1. What concerns setups that take their shape after we made a forecast and before orders would be executed. They are not a big deal, because we act according to the statistics, which doesn't takes those setups into account. We don't know if there are setups that will help or spoil our forecast. All needed conditions had happened and that's why I post a case. Then I wait for the deal to happen, or for the new condition to arise (which may cancel the forecast).

2. There is only one thing that influences trading with the help of the PRISM project's analysis system on different time frames - and it's spread. As long as profit/loss ratio is good enough it doesn't matter if it's 15 min. or 4 hour chart.

3. What concerns trading in the direction of the anticipated turning point. There are 2 factors
- p/l ratio - it's usually is better in anti-trend strategies
- how often the forecast appears true - it's usually is better in trend-following strategies.
The resulting of those two is mathematical value and only it really shows if the trade is recommendable...
  • #39
  • Oct 27, 2019 4:55am Oct 27, 2019 4:55am
Quoting Jj1Joker
{quote} Ex-Gamer, there are few different point's mentioned in your post: 1. What concerns setups that take their shape after we made a forecast and before orders would be executed. They are not a big deal, because we act according to the statistics, which doesn't takes those setups into account. We don't know if there are setups that will help or spoil our forecast. All needed conditions had happened and that's why I post a case. Then I wait for the deal to happen, or for the new condition to arise (which may cancel the forecast). 2. There is only...
1. You mention statistics: Which ones do you mean?!
Have you made outrageous backtests, and if so, a) what trading software (& data set) did you use and b) can you give us some insight into that?!...
As by now it looks like you are drawing trend lines, which is nice; but of course your followers must be convinced about the higher chances of your 'project' or software called PRISM.
2. You say "how often the forecast appears true"; so actually it implies that the forecast isn't that often true?!
What statistics do you have...?
3. In the long run - Do you want to sell any trading advices?!
  • #40
  • Edited 6:04am Oct 27, 2019 5:53am | Edited 6:04am
Quoting Fx-Gamer
{quote} 1. You mention statistics: Which ones do you mean?! Have you made outrageous backtests, and if so, a) what trading software (& data set) did you use and b) can you give us some insight into that?!... As by now it looks like you are drawing trend lines, which is nice; but of course your followers must be convinced about the higher chances of your 'project' called PRISM. 2. Yousay "how often the forecast appears true"; so actually it implies that the forecast isn't that often true?! What statistics do you have... 3. Do you want to sell any...
1. Yes, we did some work. We examined about 50 000 cases.
a)We developed our own software which now is a kind of a prototype to the future service. What we want today is to transport the software from PC to the web-version and also make it more user-friendly, faster and better;
b) I think that for 99% of readers it would be boring to go deeply into that. But take a notice, that what we are drawing are not only trend lines, but there are price models consisting of
- trend lines (lines that are build on highs when it' down trend, or build on lows when it's up-trend)
- aim lines (they are build on lows when it's down down trend, and when it's up-trend - they are build on lows)
- knot - it is the exact point where trend line and aim line cross. It also gives us the "calculated point 6 level" - level from which a reversal or correction of trend is expected.
2. What is "that often"? And why this is a point? Some of our forecast's may be true in 95% of situations, but they happen once or twice in a couple of years.

We trade situations which are 40% predictable and higher, because the mathematical value is positive. For example we have a p/l ratio 5 and 40% probability. Shall we trade? Yeah, sure, cause we have expected value more than 1 (5*40%=2), and that means that we will receive profit after trading a large number of such situations.
On the other hand if we have 80% probability and p/l ratio 1,1, we will receive deposit decrease by trading such situations, because expected value is lower than 1 (1,1*80%=0,88).

3. That's not the point. We wan't to make a service which will allow everyone to get a complete marking of any financial instrument with models of our universal system of technical analysis and make collective forecasts.
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