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Objective Thinking And Trading

  • #141
  • Apr 13, 2021 8:38pm Apr 13, 2021 8:38pm
Quoting RoninTheory
https://www.youtube.com/watch?v=y5x-KjBME_E ....just rippling through the cosmos



The next step is to make a list of all the different contexts you can generate that are NOT related to material goals. Person. People. Community. Country, World. Without idealism and fantasy but simply with basic truthfulness.


Peter
Real Trading is not gambling.
  • #142
  • Edited 3:46am Apr 14, 2021 3:32am | Edited 3:46am
Quoting PeterCaleb
{quote} The next step is to make a list of all the different contexts you can generate that are NOT related to material goals. Person. People. Community. Country, World. Without idealism and fantasy but simply with basic truthfulness. Peter
i find that post curious
- if you look at the people who did use the seceret it is like the law knew they were phoney and it back fires asthough of lack of sincerity ....

any way - i don't want to disrupt your natural train of direction- or to become a new sense hear

i thoroughly enjoy your thread and will enjoy the visual ride of a better tomorrow both inside and out after all we are what we eat /choose to consume ( just it is easy to think that is just applied to food ...)

id like to say thankyou for what you are trying to achieve hear an area being over looked i enjoy reading your thoughts as apart of a better balanced mental diet
id also like to thankyou for making me question my thinking or integrity there are things i didnt like

however once aware you can begin to rise above them or at the very least atempt to great thread great guy

thankyou for taking the time to cause some one to think wishing you great health have a lovely day
  • #143
  • Apr 14, 2021 7:34pm Apr 14, 2021 7:34pm
Quoting RoninTheory
{quote} i find that post curious - if you look at the people who did use the seceret it is like the law knew they were phoney and it back fires asthough of lack of sincerity .... any way - i don't want to disrupt your natural train of direction- or to become a new sense hear i thoroughly enjoy your thread and will enjoy the visual ride of a better tomorrow both inside and out after all we are what we eat /choose to consume ( just it is easy to think that is just applied to food ...) id like to say thankyou for what you are trying to achieve...



I'm glad it's helpful. You're very welcome. Just keep learning.


Peter
Real Trading is not gambling.
  • #144
  • Edited 12:35pm Apr 15, 2021 2:56am | Edited 12:35pm
Quoting simnz
{quote} Random Trading is my first attempt at capturing my experiences related to trading of spot and options . I started with options trading for 15 minutes a day for 7 years. I have shared my actual experience with a thread with the following link https://www.forexfactory.com/thread/1064477-options-and-momentum I have just modified Random EA to include Direction bias. I am uploading it here . It is linked to Time of start and end. Entry and Exit is also by Time (TF). If my selection of time is OK it will work well. If my market bias...
==========
Good day, Simnz.
Thank you for sharing this EA with us.
I tested the EA from the day I downloaded it last week and was making an average of 5%+ daily until last night and I will explain this situation shortly.
What I discovered is that a). the EA stops trading at the end of a session and I have to refresh the platform to get it going again.
b). Yesterday I traded selecting the direction for each of the currencies I am testing it on ( 7 in total ) and the losses were substantial by comparison to "ANY" settings previously. (This may suggest that I am not good at gauging the direction perhaps, but even when I added trustworthy oscillators, the results were the same.
c). Performance was poor from 20h00 last night until 01h00 this morning, but the EA did not trade the Asian session, so it could not make up for its losses during the NY afternoon.

You're mentioning the possibility of a 70% directional bias which I think is a good option having seen it with one Congitl's attempts at getting direction right.
Any suggestions as to how we can further the development, please?

Continued success to you.
Hercs.

Further to my message, I discovered today that the EA no longer works on ZAUUSD (Gold) nor US500 as I am unable to change the Stoploss and TP which is set to 30 default. Any idea why this could have happened?
Hercs
  • #145
  • Apr 15, 2021 1:52pm Apr 15, 2021 1:52pm
Quoting Hercs
{quote} ========== Good day, Simnz. Thank you for sharing this EA with us. I tested the EA from the day I downloaded it last week and was making an average of 5%+ daily until last night and I will explain this situation shortly. What I discovered is that a). the EA stops trading at the end of a session and I have to refresh the platform to get it going again. b). Yesterday I traded selecting the direction for each of the currencies I am testing it on ( 7 in total ) and the losses were substantial by comparison to "ANY" settings previously. (This...
The EA basically helps a discretionary trader execute trades as per directional bias and TIMING. The performance will reflect the effect of your own trading decisions.
Oscillators, technical indicators will not help.

If you want to do AUTO TRADE fully, use TF to open the trade and TF to close the trade. With or without directional bias. You can test here.
You are supposed to trade only during hot and active hours. CFD symbols if they are in the Market Watch will work.
You have to give time to test it by trying out each input. My health does not permit hand-holding.
Please treat it as a training aide for random trading and not for use in real trading.
Practice makes a person perfect
  • #146
  • Apr 15, 2021 5:51pm Apr 15, 2021 5:51pm
What is Consistency in Trading through the lens of Life?

Time to put down all those lovely words we all love to use and get to the meat of what makes a person or organization truly successful.

I'll keep this simple and honest so no one gets confused.


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Ignore the "meanings" of everything for a moment and just think about the idea of consistency. Think about its nature, then consider how IT would see itself ......


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And now consider from a basic and fundamental level, what all this would tell you about having trading consistency. Some might point to fundamental or technical analysis. Other might say it's about having a plan. And then others still might think it'a about knowing some 'secret'.

For me, here's a good starting point.....

Price, Time, Up, Down, Past, Present, Future, behaviors, repeated characteristics of THAT market, Style of thinking.

Other Egs ....


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Consistency can be seen as 'seemingly sporadic' OR it can be blatantly obvious, it all depends on your point of observation before, during AND after something happens. This is in part, the nature of repetition and the beginning of learning about the differing ways you can create consistency.

Consistency is also about preparedness and readiness.

If you begin your investigations from a generic position of inquiry, you will ALWAYS give yourself an advantage over those people who try and cheat by going along with what others say, or by 'stealing' other people's work or approaches. YOU might be an individual person BUT the market you trade still thinks the same as every other market. Therefore, putting aside the nuances and idiosyncrasies of your market of choice, just for the moment, you can observe and identify what is going on.

Just be patient and observe.

I hope that helps.


Peter
Real Trading is not gambling.
  • #147
  • Edited 10:32pm Apr 15, 2021 8:40pm | Edited 10:32pm
Quoting Hercs
{quote} ========== Good day, Simnz. Thank you for sharing this EA with us. I tested the EA from the day I downloaded it last week and was making an average of 5%+ daily until last night and I will explain this situation shortly. What I discovered is that a). the EA stops trading at the end of a session and I have to refresh the platform to get it going again. b). Yesterday I traded selecting the direction for each of the currencies I am testing it on ( 7 in total ) and the losses were substantial by comparison to "ANY" settings previously. (This...
Stoploss and TP default values are zeros.
I have written in detail on who will benefit most from the EA. This thread is not the forum for discussions on the EA
https://www.forexfactory.com/thread/post/13497660#post13497660
Practice makes a person perfect
  • #148
  • Apr 16, 2021 12:00am Apr 16, 2021 12:00am

Do you understand yourself to understand your own trading plan?



People, every now and again, ask about this and so it's necessary to place in front of you some approaches to create a trading plan. However, I'm not trying to reinvent the wheel here by telling you "do this" or "don't do that". I sense that would be useless as I don't know who will read this. So I will use a simple approach to help get you started.

I have used two sources here - one is the general internet and the other is simnz, who has already contributed here and more importantly, over on many of his threads he has placed more detail about this topic and others. So please go and read and learn.... there's more there than you might initially think ..... If simnz has anything to add here about this I would encourage simnz to please do so, for the benefit of the reader.....

https://www.forexfactory.com/thread/1049492-new-year-stress-free-trading-system-for-traders-with

https://www.forexfactory.com/thread/1064477-options-and-momentum?

https://www.forexfactory.com/thread/1055954-walk-the-talk-from-a-fun-loving-discretionary?


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Just to add here - I still have my very FIRST trade and business plan that I put together years ago. I have found it a wonderful thing to have on hand to both remind me of where I came from AND to give me a punch in the arm, to snap me out of any fantasy I might have of diverting from being sensible about how I structure things. I advise you to keep every plan you make, so years from now, you can bear witness to where YOU came from and so you can observe changes in you and the markets generally. Don't be afraid to do this because your bank account is NOT always a perfect representation of what works and what doesn't work.

I hope this helps to get your mental juices flowing. Please continue learning.


Peter
Real Trading is not gambling.
  • #149
  • Apr 16, 2021 12:07am Apr 16, 2021 12:07am
Reinvent the wheel is not as stupid as it seem for first look,
Most of stuff presented here is a kind of “reinventing wheel” …
I understand we are talking about process not a wheel itself...
  • #150
  • Apr 16, 2021 3:43am Apr 16, 2021 3:43am
Quoting simnz
{quote} The EA basically helps a discretionary trader execute trades as per directional bias and TIMING. The performance will reflect the effect of your own trading decisions. Oscillators, technical indicators will not help. If you want to do AUTO TRADE fully, use TF to open the trade and TF to close the trade. With or without directional bias. You can test here. You are supposed to trade only during hot and active hours. CFD symbols if they are in the Market Watch will work. You have to give time to test it by trying out each input. My health does...
==========
Dear Simnz,
First of all, my sincerest thanks for replying and apologies for using the wrong "forum" to discuss the EA.
Secondly, to say that I am so sorry to read about your health. As I understood it, you have a condition that only Orthopaedic surgeons can clear up and I know about your condition through my background and friends that are Orthopaedic surgeons.
Finally, I don't expect "handholding" at all. If I carry on doing what I think I am reading and fail, I may consult my mentor, not so? Thank you for showing me the correct way for which I am extremely grateful.
Wishing you continued success and improved health with the help of an Orthopaedic surgeon of course.
Hercs.
Hercs
  • #151
  • Apr 16, 2021 4:02am Apr 16, 2021 4:02am
Quoting Hercs
{quote} ========== Dear Simnz, First of all, my sincerest thanks for replying and apologies for using the wrong "forum" to discuss the EA. Secondly, to say that I am so sorry to read about your health. As I understood it, you have a condition that only Orthopaedic surgeons can clear up and I know about your condition through my background and friends that are Orthopaedic surgeons. Finally, I don't expect "handholding" at all. If I carry on doing what I think I am reading and fail, I may consult my mentor, not so? Thank you for showing me the correct...


Hercs,

Glad it's helping in some ways. Please use the pm function to correspond like this with people. I'm sure simnz and others would be ok with this. I would like to keep the thread clear of clutter as much as possible.

I hope you understand.

Peter
Real Trading is not gambling.
  • #152
  • Apr 16, 2021 6:17am Apr 16, 2021 6:17am
Quoting PeterCaleb
{quote} Hercs, Glad it's helping in some ways. Please use the pm function to correspond like this with people. I'm sure simnz and others would be ok with this. I would like to keep the thread clear of clutter as much as possible. I hope you understand. Peter
Thanks, Peter, and again my sincerest apologies. We have been corresponding via PM and e-mail, but I wanted others to benefit as well. Won't happen again.
Also, thank you for your enlightening postings. It is a privilege to read.
Continued success to you too.
Hercs.
Hercs
  • #153
  • Apr 16, 2021 11:38am Apr 16, 2021 11:38am
Quoting PeterCaleb
Do you understand yourself to understand your own trading plan? People, every now and again, ask about this and so it's necessary to place in front of you some approaches to create a trading plan. However, I'm not trying to reinvent the wheel here by telling you "do this" or "don't do that". I sense that would be useless as I don't know who will read this. So I will use a simple approach to help get you started. I have used two sources here - one is the general internet and the other is simnz, who has already contributed here and more importantly,...
The tools/methodology you have reproduced are good to follow.
Action takers can benefit from them.
I find the Trading plan is from a company that sells their training products masquerading as fund providers.
Their training plans are well thought out and if one disregards their misleading promotions, and compares the saving the subscribers will be making by not trading real account will be substantial.
You normally don't expect this kind of quality professional trading methodology and the motivation they provide by promising to supply funds. In my opinion it is worth the fees paid for learning to trade this way with some motivation.
I have previously studied their business model. It really makes sense for them to make promises to provide funds to those who qualify after going through rigorous training. Without this kind of motivation, their teaching business will not have takers. Not more than 2% qualify for their offer.
Practice makes a person perfect
  • #154
  • Apr 16, 2021 8:27pm Apr 16, 2021 8:27pm
Let's see how many partitions people have in their minds when relating unrelated visual and / or audio material with trading and the big wide world it harbors.

Ready?

NB - I have NOT placed any of this material in ANY order or for any reason 'chosen' these items for viewing and review. So, they are completely and purely objective in all ways of understanding the meaning of objective, both the new and revised version and the earlier 'original' definition.


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https://www.youtube.com/watch?v=XuQ6pqLoTRs

https://www.youtube.com/watch?v=WrRf662oga8

https://www.youtube.com/watch?v=0nDjYDpuXHA


Try those and watch and see what happens when you don't constrict the flow of your thinking and feelings.

And see what you observe when it comes to risk and risk management when relating these to you.


Enjoy, I hope this helps.


Peter
Real Trading is not gambling.
  • #155
  • Apr 22, 2021 1:54am Apr 22, 2021 1:54am
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Practice makes a person perfect
  • #156
  • May 7, 2021 1:30am May 7, 2021 1:30am
The interesting idea that most people seem to forget, or ignore, is that the rules are the same for all of us. When people are trying to learn something new, they need to decide if they are just trying to imitate or copy what others do, or are they genuinely seeking to learn something.

This is one of the very real and true principles of Life and learning. When people choose to argue and debate over why they should stay the way they are, they need to realize they just declared they cannot and will not learn. Why? You cannot stay the same and change at the same time. It just doesn't work that way.

Sometimes you have to decide whether you're just trying to save face or if you really want to learn.

Mentors should only be a guide. If they become more than that, then you've just created a dependency on someone who cannot be around forever. Adding to this, when you become too reliant on someone to teach you, you take on both their strengths and weaknesses as well as their deeper shortcomings. Something to seriously consider and think about.


Peter
Real Trading is not gambling.
  • #157
  • May 8, 2021 4:11am May 8, 2021 4:11am
Peter what do you think about mind mapping?
Have nice weekend...
  • #158
  • May 8, 2021 5:24am May 8, 2021 5:24am
Quoting BlackNapkins
Peter what do you think about mind mapping? Have nice weekend...


Many approaches are useful but only when done objectively, that is, without preference or prejudice of findings and outcomes. You cannot learn if you are afraid of what you may find.


Peter
Real Trading is not gambling.
  • #159
  • May 8, 2021 5:52am May 8, 2021 5:52am
Quoting PeterCaleb
{quote} Many approaches are useful but only when done objectively, that is, without preference or prejudice of findings and outcomes. You cannot learn if you are afraid of what you may find. Peter
Shouldn't I have figured it out for myself?
  • #160
  • May 8, 2021 9:11pm May 8, 2021 9:11pm
Quoting BlackNapkins
{quote} Shouldn't I have figured it out for myself?


Yeah you really need to but I just gave you a quick bump along. Cheers.


Peter
Real Trading is not gambling.
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