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  • #41
  • Oct 19, 2006 10:59pm Oct 19, 2006 10:59pm
I'm so excited!!

I just made a discovery last night, that does not appear in ANY books or websites I have seen that far.

And I thought everything you ever needed to know about trading has been discovered or accounted for already.. heheheh
google:
  • #42
  • Oct 19, 2006 11:19pm Oct 19, 2006 11:19pm
Quoting twoblink
Disclaimer:

First: I don't claim to be right, nor do I actually recommend for you, what I do. If you read my thesis on why Forex knowledge can't be passed on, you'll then understand.

Second: Assuming l can kill 10 people with 10 bullets from a handgun. When that same handgun is given to someone untrained; the untrained person will probably shoot themselves in the foot. So how well I wield a gun, in no relavent to how well you can wield a gun when given to you. So please don't assume more than there is..
And yet when I handed my guitar that I'd been plunking around on for weeks to a master musician and listed as he played beautiful melodies, riffs and chords, I started to believe that I too could create such music. And in the hours and days that followed as I started expecting more of myself and my instrument, my own musical ability started to elevate, if only for as long as the memory of the master musician lingered.
  • #43
  • Oct 20, 2006 12:08am Oct 20, 2006 12:08am
Quoting twoblink
I'm so excited!!

I just made a discovery last night, that does not appear in ANY books or websites I have seen that far.

And I thought everything you ever needed to know about trading has been discovered or accounted for already.. heheheh
Tell us! Tell us!
  • #44
  • Oct 20, 2006 12:09am Oct 20, 2006 12:09am
ok!! what is it...I'd like to know!




Quoting twoblink
I'm so excited!!

I just made a discovery last night, that does not appear in ANY books or websites I have seen that far.

And I thought everything you ever needed to know about trading has been discovered or accounted for already.. heheheh
  • #45
  • Oct 20, 2006 10:05am Oct 20, 2006 10:05am
http://www.forexfactory.com/forexfor...ead.php?t=9264

I talk a little about it here..

But basically, it's "Duration". Duration effects so much, and I was never aware of it!

Duration is different than frequency.

Duration = "Time in the trade".

So suppose I get a bat signal every 16 hours; that means I can trade twice every 32 hours.

But suppose trader A and trader B both get a bat signal every 16 hours...

And suppose Trader A and Trader B both make 40 pips per trade..

BUT

suppose every trade; Trader A is in the trade for 10 hours but trader B is only in the trade for 4 hours..

While everything else "looks" the same, their exposure to risk is vastly different.

Suppose Trader A's trade, crosses over NY Open. Now, his risk is significantly higher than Trader B's, who doesn't cross NY Open. Trader A's increase exposure is not compensated by increased profit potential... or else the profit potential probably isn't sufficient enough to cover his increase in risk exposure.

Now if you begin trading multiple pairs, then Duration becomes significant. The reason someone tells you "Two net 20" etc.. in the management world is; I'm more than happy to take 2% off if you pay me within 20 days; because 20 day exposure vs 180 day exposure for example, is well worth the 2% in risk reduction. And cash in hand allows you to trade other trades if you are doing multiple pairs.

While we keep taking about ROI (Return on Investment) via Payrate Ratio against Risk (R), what we need to also talk about is:

TOROI (Time of Return on Investment). This effects you psychologically, as well as financially.

Suppose, my TOROI is 24 bars, and I'm trading 1H charts. That means, (assuming I sleep), I have unseen exposure to risk, risk that I can not mitigate against no matter what because I'm sleeping. Contrast that with someone who daytrades, even if he has limited profit, you have a risk factor of 0% when you are out of the market.

So Duration is one of the vital and key hidden variables, one that is not talked about in ANY book nor any website...

Most people fold it into the grouping of "Frequency" but that's not true at all.

Frequency is how often you get a bat signal to trade. But Frequency could NEVER be shorter than Duration. That means, Duration is your limiting reagent no matter what.

Duration effects quite a bit; I'm still studying its effects on all other items...
google:
  • #46
  • Oct 20, 2006 12:30pm Oct 20, 2006 12:30pm
Actually time in a trade is discussed in several books. In one of my favorite books, "The Logical Trader" by Mark Fisher, he has an excellent section called "The Time Factor" which starts on page 18 in which he writes

"In trading, time is actually more important than price"

A very good book IMO, written by a real pro.

Naj
  • #47
  • Oct 20, 2006 1:08pm Oct 20, 2006 1:08pm
so complicated...
  • #48
  • Oct 20, 2006 7:43pm Oct 20, 2006 7:43pm
Quoting tradewiser
Actually time in a trade is discussed in several books. In one of my favorite books, "The Logical Trader" by Mark Fisher, he has an excellent section called "The Time Factor" which starts on page 18 in which he writes

"In trading, time is actually more important than price"

A very good book IMO, written by a real pro.

Naj
Looks like it's "time" for me to buy this book...
google:
  • #49
  • Edited 6:32am Oct 25, 2006 12:41am | Edited 6:32am
(This thread use to teach about parabolic filters)

In this world, there are Dilberts who work hard, and then there are Wally's who don't do anything at all, and complain all day about how hard they "aren't" working..

Well, I'm here to tell the Wally's of the world.. I'm sick and tired of it..

Apologies to all who found these posts helpful..

NO GOOD DEED GOES UNPUNISHED..



http://www.vdi-nachrichten.com/_libr..._Wally_150.jpg

Thread material deleted.. SORRY!
google:
  • #50
  • Edited 6:33am Oct 25, 2006 12:48am | Edited 6:33am
(This thread use to teach about parabolic filters)

In this world, there are Dilberts who work hard, and then there are Wally's who don't do anything at all, and complain all day about how hard they "aren't" working..

Well, I'm here to tell the Wally's of the world.. I'm sick and tired of it..

Apologies to all who found these posts helpful..

NO GOOD DEED GOES UNPUNISHED..



http://www.vdi-nachrichten.com/_libr..._Wally_150.jpg

Thread material deleted.. SORRY!
google:
  • #51
  • Oct 25, 2006 1:25am Oct 25, 2006 1:25am
Twoblink, I have a request. It would be awesome if there could be a collaboration between Itguy and you for an alert service based on paras and kind.
I am JuMPeR.
  • #52
  • Oct 25, 2006 5:20am Oct 25, 2006 5:20am
Quoting nitman
so complicated...
OK Nitman! We get it! You disapprove! That's fine!

Why don't you go start a thread for chronic complainers of thought processes and go the way of the buggy whip.

Those of us who find TB's posts insightful and even enlightening, must not be operating on your level of superior intellect and experience!

IMHO

TB--- You rock!

HeavyJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
  • #53
  • Oct 25, 2006 6:25am Oct 25, 2006 6:25am
Quoting jumper
Twoblink, I have a request. It would be awesome if there could be a collaboration between Itguy and you for an alert service based on paras and kind.
Jumper,

Thanks for having me in your thoughts, but that's Itguy's thing..
google:
  • #54
  • Oct 25, 2006 7:48am Oct 25, 2006 7:48am
Quoting twoblink
Jumper,

Thanks for having me in your thoughts, but that's Itguy's thing..
I can't speak for Itguy but if you are willing, I think he would oblige. From what I've seen, he's one great guy.
I am JuMPeR.
  • #55
  • Oct 25, 2006 7:51am Oct 25, 2006 7:51am
Quoting jumper
I can't speak for Itguy but if you are willing, I think he would oblige. From what I've seen, he's one great guy.
Dude, how do you know how great of a guy he is? He's a guy on a forum. The dude could be an axe murderer, yo.
Mr. Trend
  • #56
  • Oct 25, 2006 8:20am Oct 25, 2006 8:20am
Quoting Mr Trend
Dude, how do you know how great of a guy he is? He's a guy on a forum. The dude could be an axe murderer, yo.


And a reply to the thread; there will always be people who don't do anything and complain about everything. These kinds are never honestly respected.

twoblink, you put work in your posts, information. Its the individuals choice if he will use the information or disregard it. I found your posts very informative and you are respected in my eyes. I didn't see the new topics post as it was deleted, but it caught my attention and I was excited to read it. Now its your choice to share it again with the rest of us or not, either way its OK.
  • #57
  • Oct 25, 2006 9:51am Oct 25, 2006 9:51am
Quoting Mr Trend
Dude, how do you know how great of a guy he is? He's a guy on a forum. The dude could be an axe murderer, yo.
Now now, you are being biased. Why can't an axe murderer be a good guy?
I am JuMPeR.
  • #58
  • Oct 25, 2006 9:58am Oct 25, 2006 9:58am
Quoting jumper
Now now, you are being biased. Why can't an axe murderer be a good guy?
http://www.themoviegeek.com/movie_graphics/790.jpg
google:
  • #59
  • Oct 25, 2006 10:24am Oct 25, 2006 10:24am
Quoting jumper
Now now, you are being biased. Why can't an axe murderer be a good guy?

ROFL
  • #60
  • Edited 1:26pm Oct 25, 2006 1:00pm | Edited 1:26pm
------TwoBlink. Very interesting on the Parablolic filter...this is a new one to me. Very nice explanaition. Will dig more.

Also, your insights on "Duration" are confirming. Though my next bit is a tad out of context, one thing i've noted while testing various EAs is Duration/Exposure is critical to profit/ROI.

Quoting Mr Trend
...Those who brag are the ones who probably don't make squat...)
I'll never reveal my bank statement. Hehe. But then my wife and i live simple, so i dosn't take a whole lotta pips to fund the lifestyle we enjoy...just about ready to put the kayak in the River behind our house and enyoy a paddle w/my sweetheart (no pun intended Mr.T, don't get any wild ideas).

Cheers,
Thom
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