Disliked{quote} It's not simple and that's what no one seems to be doing, even though it does kind of have a bit of a 'holy grail' value. But your 'Finance Book club' conspicuously does not include any pure mathematics textbooks, let alone some more advanced mathematics textbooks. And even those may be deficient but they would get you going?Ignored
- #5,322
- Feb 23, 2023 12:14am Feb 23, 2023 12:14am
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Clemmo Have you ever watched The Matrix?
The market is the blonde girl in the red dress!
It's an illusion!
Just a construct designed to encourage poor choice decisions.
Hi Andy,
It's a hard realisation for some. And hard to prove. But those "inside the matrix" who see it, cannot ever NOT see it again
Today Japan is on Public Holiday.
I rarely trade the in-between times before London during a Yen holiday as
Together with the Yen holiday,
the Pound is also asleep (Hi City Of London guys, how is ya goin'
)So what might a trade look like inside the matrix if no Centres were open, as then WHO would be running the market (up & down & all around the merry-go-round).
To me it is just an "aggregating" algo.
Soaking up each and every buy & each and every sell entered, and holding them in limbo until a preferential bias is established later (pre-London, who knows).
However, all of this is mere supposition, imagination, and just my paradigm of how I visualise the market I trade.
So I snagged 5p lol (net), took about four hours hahaaa, and they can take the market higher now or anywhere they want, I'm out till London.
So how might this matrix look like on a chart.
How might a floating aggregator look in motion.
Well this is what it looks like to me
(BUT just my thoughts nothing else but MY imagination - not substantively how it is - so please each trader must formulate their own thoughts or imaginations).
Here's my live platform morning trade chart.
The Floating Aggregator Algo Chart (imo lol)
.
- #5,325
- Feb 23, 2023 2:40am Feb 23, 2023 2:40am
- Joined Apr 2015 | Status: Trader | 1,067 Posts
{quote} Well, I probably don't have much to contribute. My own learning journey has mostly been a series of negatives and disproven hypotheses. I was having fun for a while coppering the public's bets, but then I find some of the bets may not even be real trades. It's a frustrating game we play and so it's no surprise that our other pastime is bickering.
I'm willing to spar, but you have to hold your right foot with your left hand behind your back, I'm an old dude and need some advantage
in trading, no one should be fixated on forecasting, they should focus on identifying TREND.
the saying "trend is your friend until the bend at the end" is true.
and Charles Dow defined uptrend with HHHL and downtrend with LHLL.
according to his 6th rule: "A Trend Is Assumed to Be Continuous Until Definite Signals of Its Reversal"
so, they only need to catch a start of a trend then stay with it until they don't have anymore HH if uptrend or LL if downtrend, because the market will enter a sideway with low range until it reverse and that might take days.
this is a compressed H1 chart showing daily Dow reading using zigzag setting 24 = 24 hours = 1 Day
you can change the reading to match your trading style, 12 hours, 6 hours or higher if swing trading.
in other TF's, just count the bars to match the hours you want to trade.
TBH, if you're a daytrader or swingtrader, you will not wait for a forecasted price far away from the currunt price, unless you are a long term trader or investor.
no one forecasted 67K for BTC, but the ones who stayed with the trend made a fortune.
cheers,
"the public is not yet ready for it" W.D. GANN
- #5,326
- Feb 23, 2023 3:49am Feb 23, 2023 3:49am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #5,327
- Feb 23, 2023 4:04am Feb 23, 2023 4:04am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} It is very difficult, especially for highly logical & intelligent people I imagine, to find the perfect solution to what you have asked. As it is how we each look at the market I think, and especially what we think the market is and does. Anyhow, the link to the book is on your own thread, you could do a brief preview starting at page 85 Prediction & Observation (depending on your pdf viewer) but it is at that sub title heading ironically or coincidentally which I was maybe only pleased to read as it suited my own similar views at...
If maths etc were the answer then the market would grind to a halt with the sheer number of people making brilliant. trades born of mathamatics.
The only person who messes you up in the market is you ( imho)
Probably bollocks but it might fool some people into thinking I am smarter than I am in reality
every Saint has a past. Every Sinner has a Future
- #5,328
- Feb 23, 2023 9:20am Feb 23, 2023 9:20am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Thought I had it planned. Took a long after swing back over open, Stopped out.
Then short to get back my loss and am currently on sidelines with two points profit
Then short to get back my loss and am currently on sidelines with two points profit
every Saint has a past. Every Sinner has a Future
- #5,329
- Feb 23, 2023 10:36am Feb 23, 2023 10:36am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Thought I had it planned. Took a long after swing back over open, Stopped out. Then short to get back my loss and am currently on sidelines with two points profit
Back next week. Enjoy your weekend all.
every Saint has a past. Every Sinner has a Future
- #5,330
- Feb 23, 2023 4:00pm Feb 23, 2023 4:00pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
If maths etc were the answer then the market would grind to a halt with the sheer number of people making brilliant. trades born of mathamatics. The only person who messes you up in the market is you ( imho) Probably bollocks but it might fool some people into thinking I am smarter than I am in reality
(now all we all have to do, is turn our clarity into winning trades
)
- #5,332
- Feb 23, 2023 5:39pm Feb 23, 2023 5:39pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Sorry for the intrusion, but I love what you say TimeTells!
Yes Yes Yes !!! Randomness is but an illusion
. Everything causes everything 
. Trading what you see, trading with cause and effect in mind at all times. Nature at its best !
How random is random ? and how often is random ? or is it random ? Who knows, just forex trading questions I ask myself each day. Trade what we see. . {image}
. Everything causes everything . Trading what you see, trading with cause and effect in mind at all times. Nature at its best !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #5,333
- Feb 23, 2023 7:18pm Feb 23, 2023 7:18pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
Sorry for the intrusion, but I love what you say TimeTells!{quote}Yes Yes Yes !!! Randomness is but an illusion
cheers mtako good to see & hear you pal
So today a speech by the New Governor of the BoJ
spike then back to day open lol
Yep, like the good old Draghi days for the Euro
Trade safe, trade well.
.
- #5,334
- Feb 23, 2023 7:30pm Feb 23, 2023 7:30pm
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
The new BOJ Gov opened his PANDORA box
and reportedly, fewer fairies died (whipsaw) this time compared to the last Gov.
However, I was able to catch some pips. Arigato Ueda.
and reportedly, fewer fairies died (whipsaw) this time compared to the last Gov.
However, I was able to catch some pips. Arigato Ueda.
Success = Practice + Patience + Persistence
- #5,335
- Feb 23, 2023 7:43pm Feb 23, 2023 7:43pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
The new BOJ Gov opened his PANDORA box
However, I was able to catch some pips.
Arigato Ueda.
Great work fxp.
I got in & out where I could and that was that lol. It was flippin n floppin all over the place hahaaa.
I think we see this again in the future
A quick +20p this morning which is done for me now, in fact the day is done if I wish I guess,
but we will see what The London Gang bring to the table later.
all the best, nice trades there around 50p pider
.
- #5,336
- Feb 23, 2023 7:57pm Feb 23, 2023 7:57pm
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
{quote} Great work fxp. I got in & out where I could and that was that lol. It was flippin n floppin all over the place hahaaa. I think we see this again in the future
No more active trading for me until the 2nd hour of LO. I am looking forward to a happening LO and NY, and the week is still due for a capitulation (from the PA point of view), IMO.
Success = Practice + Patience + Persistence
- #5,337
- Feb 23, 2023 8:14pm Feb 23, 2023 8:14pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
No more active trading for me until the 2nd hour of LO.
I am looking forward to a happening LO and NY, and the week is still due for a capitulation (from the PA point of view), IMO.
Wise move I reckon, activity is still high at present but you have "locked" in profit to your a/c, anymore now borders on greed lol (joking) but I don;t like to give any back in the same session once nabbed.
I have structured my a/c, leverage & trade size around being happy with a 15 pip day.
I have the luxury (?) then to just trade in high probability pockets and then GET OUT quick lol.
My 2nd trade they ran against me immediately I entered but I know that play, but what they did next after 5 mins would tell me if i was in murky water & had to bail.
So no fomo about price going further in my direction, as the days take was pocketed and locked thankfully.
As you are in AUS and you mentioned NY Open can I ask if you get some rest before the NY Open or are you young enough to power through a longish day trading.
Either way, you are 'seeing it' on the charts and that is half the battle. The rest is just management.
all the best
- #5,338
- Feb 23, 2023 8:48pm Feb 23, 2023 8:48pm
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
{quote} Wise move I reckon, activity is still high at present but you have "locked" in profit to your a/c, anymore now borders on greed lol (joking) but I don;t like to give any back in the same session once nabbed. I have structured my a/c, leverage & trade size around being happy with a 15 pip day.
And still young enough to manage with 5/6 hours of sleep a day, I guess.
Success = Practice + Patience + Persistence
- #5,339
- Feb 23, 2023 8:57pm Feb 23, 2023 8:57pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Well, I try to have a power nap (1+ hour) b4 the LO.
and then try to trade till the LONDON close and it depends. And still young enough to manage with 5/6 hours of sleep a day, I guess.
Nice.
I call mine, the old "nana-nap" lolol
, but a quick hour does work.I'd only stay up for NY in a DD I guess, BUT the bigger volatility moves are there so can be good.
Draw a line across the LO start and THEN the NYO start, and watch whether they are trading above/below both,
or above/below one or the other, and watch for a fake to kick it off, usually takes an hour.
And then its hell for leather for the London Close (Fixing Time) at 18:00 chart time. After that is the 2nd Monkey Busoness Time
with all centres closed bar NY.Good fortunes.
{quote} Nice. I call mine, the old "nana-nap" lolol
Missed the bigger down move due to price jerking and not liking wicks to the left so closed, mistake big time, oh well. It dropped but is back to the start of the move mid Asia in the new day.
