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Trading PlanetX & Oscillators

  • #281
  • Mar 20, 2022 2:00pm Mar 20, 2022 2:00pm
Quoting FundedCoffee
{quote} Never said you should! If it takes time then it takes time, I am just giving suggestions and asking things which MIGHT help us get something out of it. I am honestly finding it hard to make sense out of what Parisboy says... and I dont mean it in any bad way Parisboy, I am just trying to figure out how you see and trade the Market and your replies often confuse me more than I already was. I am sure the smarter People such as BestTraderEv and Robot4me can do that better than I
Basically, what we see is the nature of these markets/charts, which is like a pendulum, or sine-wave, or oscillation. So the price oscillates around some axis, only that this axis is not always horizontal, and there are many such smaller oscillators inside the bigger ones. So, the smaller oscillation channel SMA(128)C will be like this:
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.jpg Size: 296 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #282
  • Mar 20, 2022 2:12pm Mar 20, 2022 2:12pm
BTW, chart patterns are not just patterns!
They are a representation of Supply/Demand.
The patterns that represent some range, like Double Tops/Bottoms, SHS's, etc., represent a range where liquidity is high and buyers find sellers, and sellers find buyers. That's where the banks liquidate their orders - they don't gamble, they must find a buyer for what they are selling.
That's also why these patterns are so good, because that's where the good prices are.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #283
  • Mar 20, 2022 2:40pm Mar 20, 2022 2:40pm
Quoting BestTraderEv
{quote} Basically, what we see is the nature of these markets/charts, which is like a pendulum, or sine-wave, or oscillation. So the price oscillates around some axis, only that this axis is not always horizontal, and there are many such smaller oscillators inside the bigger ones. So, the smaller oscillation channel SMA(128)C will be like this: {image}
Thanks for your explanation its greatly appreciated.

To put it simple, I am someone that quit University (studied Informatic) and is now fulltime trading for a few years.

I have a lot of knowledge about psychology, human behaviour and *surprise* Trading.

And what my goal with any indicator is, to find something very consistent. Something clear cut, no confusion is allowed in my trading.

That's why the importance lays for me also "how do we draw the channels in the most consistent way, while it's also ONLY adding confidence in either giving a Bias or for getting into trades."

Likely this can be only done once the Markets are moving, but anyway...

The purpose of my message is that you understand what intentions I have when I am asking or suggesting something.
  • #284
  • Mar 20, 2022 3:00pm Mar 20, 2022 3:00pm
Quoting FundedCoffee
{quote} Thanks for your explanation its greatly appreciated. To put it simple, I am someone that quit University (studied Informatic) and is now fulltime trading for a few years. I have a lot of knowledge about psychology, human behaviour and *surprise* Trading. And what my goal with any indicator is, to find something very consistent. Something clear cut, no confusion is allowed in my trading. That's why the importance lays for me also "how do we draw the channels in the most consistent way, while it's also ONLY adding confidence in either giving...
I have observed this sine-wave nature of charts already some years ago. I don't have any higher education, and in the equivalent of High School I had big problems with maths, physics, chemistry, I hated them all. I learned programming at a pretty late age of my life. So, if I can do it, why can't others, too?
So, I knew about this sine-wave nature, but really did not do much with this knowledge. I guess the time comes when we are ready to tackle the next level?
Can this knowledge add anything to our trading?
I think it can provide more confidence, especially when we are more certain that the price is going to a specific target.
In trading, this certainty is the most important thing - knowing the Take Profit Price is the most important element in trading.
It is the main psychological element, because the less we know, the more uncertain we are, and this causes all of the problems traders have with their psychology.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #285
  • Mar 20, 2022 3:10pm Mar 20, 2022 3:10pm
Quoting FundedCoffee
{quote} Thanks for your explanation its greatly appreciated. To put it simple, I am someone that quit University (studied Informatic) and is now fulltime trading for a few years. I have a lot of knowledge about psychology, human behaviour and *surprise* Trading. And what my goal with any indicator is, to find something very consistent. Something clear cut, no confusion is allowed in my trading. That's why the importance lays for me also "how do we draw the channels in the most consistent way, while it's also ONLY adding confidence in either giving...
This is how I understand the idea.
Attached Image (click to enlarge)
Click to Enlarge Name: [DAX40]M15.jpg Size: 519 KB
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  • #286
  • Mar 20, 2022 3:15pm Mar 20, 2022 3:15pm
Quoting BestTraderEv
{quote} This is how I understand the idea. {image}
What MAs did you happen to use there? Thanks
  • #287
  • Mar 20, 2022 3:16pm Mar 20, 2022 3:16pm
And, that's what was causing me my biggest problems, because I have learned over the years, that entries like that are late, very late, and I learned to enter earlier, but also exit earlier. That's why I asked so many questions. You know, if you've been hit enough times by the market turning on you just when you have entered, this causes psychological trauma.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #288
  • Mar 20, 2022 3:17pm Mar 20, 2022 3:17pm
Quoting pakeha
{quote} What MAs did you happen to use there? Thanks
If you read the thread from the beginning and study the posted images, you will find out.
Nobody told me, so why should I tell you?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #289
  • Mar 20, 2022 3:47pm Mar 20, 2022 3:47pm
Quoting BestTraderEv
Nobody told me, so why should I tell you?
Not true. You were told MANY times, but were too focused on using your screw driver to prove that is the only tool one needs to build the hill that others were interested in creating. Why pretend you had to learn it the hard way -- tell him they are SMA lines.
  • #290
  • Mar 20, 2022 3:50pm Mar 20, 2022 3:50pm
Quoting robots4me
{quote} Not true. You were told MANY times, but were too focused on using your screw driver to prove that is the only tool one needs to build the hill that others were interested in creating. Why pretend you had to learn it the hard way -- tell him they are SMA lines.
Well, you tell him!
What's the sudden change in your philosophy?

BTW, I did not take the data from text in posts, I took it from an image.
Then, I took a tool, an indicator I had created a long time ago, and made some tweaks, and I got what I wanted.
And then, I asked you if you wanted me to post it, here.
If you had agreed, the tool would be here, ready, no need to ask.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #291
  • Mar 20, 2022 4:15pm Mar 20, 2022 4:15pm
Quoting BestTraderEv
{quote} Well, you tell him! What's the sudden change in your philosophy? BTW, I did not take the data from text in posts, I took it from an image. Then, I took a tool, an indicator I had created a long time ago, and made some tweaks, and I got what I wanted. And then, I asked you if you wanted me to post it, here. If you had agreed, the tool would be here, ready, no need to ask.

Quoting BestTraderEv
BTW, I did not take the data from text in posts, I took it from an image. Then, I took a tool, an indicator I had created a long time ago, and made some tweaks, and I got what I wanted.
Of course you wouldn't take the text from the posts. Why would you take the simple recipe that @parisboy and I were laying out for everyone -- based on an established, documented algorithm developed years ago and successfully traded today. You were intent on reverse engineering an image so that you could then feel it was your creation. I get it -- you are the guy who always needs to recreate the wheel in his own image. I've worked with those types in the past -- they are "project killers"...
  • #292
  • Mar 20, 2022 4:20pm Mar 20, 2022 4:20pm
Quoting robots4me
I get it -- you are the guy who always needs to recreate the wheel in his own image.
I don't understand how that is a bad thing???
Like I said, I am not the mathematical type, I don't understand calculus.
And, I have such a brain that I don't get it until I see it. Reading doesn't help me see it.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #293
  • Mar 20, 2022 4:30pm Mar 20, 2022 4:30pm
Quoting BestTraderEv
{quote} I don't understand how that is a bad thing??? Like I said, I am not the mathematical type, I don't understand calculus.
The reason why it is a bad thing is for multiple reasons:

(1) The algorithm has already been developed, debugged, tested and traded for decades. Do you really think you are going to be able to recreate all that over a weekend? We stand on the shoulders of giants -- never forget that.

(2) When you recreate the algorithm in your image then you own it, right? No one else can participate because no one else knows what you are doing behind the scenes or what tools you are using.

(3) It wastes time. Why would someone choose to recreate something that was handed to them on a platter -- other than for the ego pleasure it provides.

As for not being the mathematical type -- that's kind of funny. Can you subtract two numbers?
TargetPrice = FP2 - (High - FP2)

Pretty advanced math, don't you think? Boy, that calculus really throws me...

And don't say you weren't told. @parisboy and I wrote the recipe multiple times but you were too intent on using your screw driver.
  • #294
  • Mar 20, 2022 4:38pm Mar 20, 2022 4:38pm
Quoting BestTraderEv
{quote} Basically, what we see is the nature of these markets/charts, which is like a pendulum, or sine-wave, or oscillation. So the price oscillates around some axis, only that this axis is not always horizontal, and there are many such smaller oscillators inside the bigger ones. So, the smaller oscillation channel SMA(128)C will be like this: {image}

What is the cost of one hour private teaching with you about"The Hidden Secrets of the Focal Points, a decisive Edge for your Trading" ?.
  • #295
  • Mar 20, 2022 4:41pm Mar 20, 2022 4:41pm
Quoting robots4me
{quote} The reason why it is a bad thing is for multiple reasons: (1) The algorithm has already been developed, debugged, tested and traded for decades. Do you really think you are going to be able to recreate all that over a weekend? We stand on the shoulders of giants -- never forget that. (2) When you recreate the algorithm in your image then you own it, right? No one else can participate because no one else knows what you are doing behind the scenes or what tools you are using. (3) It wastes time. Why would someone choose to recreate something...
Sorry Steve, I don't understand you. How can I use and trust something I don't understand?
It would be like believing that you are a billionaire just because you told me so.
Sorry, I can not be that guy.

Plus, you are basically saying, that trading financial instruments has been solved.
Why are people still losing money, then?
This includes big guys using those algorythms.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #296
  • Mar 20, 2022 4:42pm Mar 20, 2022 4:42pm
Quoting parisboy
{quote} What is the cost of one hour private teaching with you about"The Hidden Secrets of the Focal Points, a decisive Edge for your Trading" ?.
I don't do this. Do you?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #297
  • Mar 20, 2022 4:44pm Mar 20, 2022 4:44pm
Quoting BestTraderEv
{quote} I don't understand how that is a bad thing??? Like I said, I am not the mathematical type, I don't understand calculus. And, I have such a brain that I don't get it until I see it. Reading doesn't help me see it.
(4) And the time you waste is not just your own. It includes others, as well. You may not care about wasting my time, but I do.

@BestTraderEv -- please carry on. As I mentioned earlier -- I've lost enthusiam to participate. I know you are an honest man and would agree that honesty is the best policy. So, as long as we don't distort the record then I won't comment further on this.
  • #298
  • Mar 20, 2022 4:47pm Mar 20, 2022 4:47pm
Quoting BestTraderEv
{quote} Sorry Steve, I don't understand you. How can I use and trust something I don't understand? It would be like believing that you are a billionaire just because you told me so. Sorry, I can not be that guy.
Do you drive a car? Do you ever travel by air? Do you ever eat a hot dog? Do you ever take prescription medicine? Do you understand the basis of how all those are created or work?

@parisboy provided bibliography upon bibliography. Are you now going to claim you can't read and that is why you have to recreate the wheel?

And my alias is @robots4me. I respect you by using your alias -- I expect the same. Or, we can make up new aliases for one another?
  • #299
  • Mar 20, 2022 4:54pm Mar 20, 2022 4:54pm
Quoting robots4me
{quote} Do you drive a car? Do you ever travel by air? Do you ever eat a hot dog? Do you ever take prescription medicine? Do you understand the basis of how all those are created or work? @parisboy provided bibliography upon bibliography. Are you now going to claim you can't read and that is why you have to recreate the wheel? And my alias is @robots4me. I respect you by using your alias -- I expect the same. Or, we can make up new aliases for one another?
Great, yet most drivers do come back home safe, while 99% traders lose their money in the long run.
And you, here, are claiming that practically trading is as safe as driving a car or flying a plane.... really?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #300
  • Mar 20, 2022 4:58pm Mar 20, 2022 4:58pm
Quoting BestTraderEv
{quote} Great, yet most drivers do come back home safe, while 99% traders lose their money in the long run. And you, here, are claiming that practically trading is as safe as driving a car or flying a plane.... really?
You said you don't trust anything you don't understand. You don't understand the intimate details of how internal combustion works, yet you trust driving a car. That was the point. You don't need to understand the finer details of why FocalPoints work -- that has already been done. You only need to understand enough to help members of this thread use them. Or at least help them get to the point where they can evaluate them -- that's all. No one loses any money when evaluating.

@BestTraderEv -- clearly I like you. That must be evident by the fact I haven't yet been suspended again within the past 24 hours. Though I like you, I could never work with you. Every step forward I make, you would drag us back two steps.
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