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Why can't I post on Soultrader's clinic? 2 replies

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Soultrader's Clinic :)

  • #181
  • Oct 20, 2007 9:53am Oct 20, 2007 9:53am
Soultrapper is a good one too.
  • #182
  • Oct 20, 2007 11:10am Oct 20, 2007 11:10am
Hello ST..........

Although I have not read all your posts, #173 was for me very informative and helpful; I've printed it for study and future reference.

At the beginning of this thread, I stated that I would be watching for insightful observations from you based on your trading experience; thanks for providing these as well as examples on a chart. I believe more posts like this would be greatly appreciated by many others here at FF.

Also, pleased to learn that your health is receiving deserved attention. The relation between physical health and emotional well-being is amazing and far too often something that we neglect. All the best...............
  • #183
  • Oct 20, 2007 3:12pm Oct 20, 2007 3:12pm
Quoting soultrader
Hi All,

Another balls up is that I left my monitor account on full automatic and it's gone to crap for the month without my discretionary choices - ce'st la vie, at least the client accounts were switched off !!

again apologies to those i've upset. let the clinic be open again.
Seriously, health records are normally kept confidential for a reason. If you lost 12% of your account in one month, why not just accept it and move on? I have read far too many stories about people losing because of some factor that was out of their control. You have been in this game for long enough to take full responsibility of your actions. Why would you put something on automatic if it is so flawed? Lucky you didn't make the same mistake on your client account! I'd be seriously concerned if I was one of them though.

It sounds to me like you need to take some time off, look after yourself and come back when fit and healthy.
  • #184
  • Edited Oct 21, 2007 5:25am Oct 20, 2007 3:43pm | Edited Oct 21, 2007 5:25am
Quoting mbqb11
Hope you are feeling better Soultrader, take care of your health it is the most important thing

Best
Mike
Same from me here, Soultrader.



Out of topic -
Genetic + Lack of movements + wrong food = Diabetic

Another reason for geting out of stressful trading and have more movements rather than glued to the PC.

I had an early warning from my doctor 2 years ago. I was a potential case for diabetes. Have to start moving and correct my food habits. My nutritionist added WHOLE grains to my diet. Brown bread / rice instead of white ones. It gave me more complete vitamins and minerals and I had less need to eat more. Otherwise the body is craving for more and we are stupid to just stuff more white rice /bread. We get bigger and we just get more lazy and tired to move. When the body is not able to produce enough insulin at once, one has to eat small amounts at a time but more frequently. So instead of 3 large meals, maybe 6 smaller meals. Cholesterol and diabetes seems to be close friends too
Result of diabetes - Easy to get sick and wounds don't heal or takes longer.
Try the swiss muesli for breakfast. It really give a plus to your health http://www.wisegeek.com/what-is-muesli.htm
  • #185
  • Oct 20, 2007 10:25pm Oct 20, 2007 10:25pm
Quoting soultrader
Hi All,

Just a word of explaination for absense and an apology bundled in too.

The back half of this month has been awful for me. The ear infection got worse and worse to the point where i was in hospital on an antibiotic drip.

Whilst I was there I broached the question as to why i was often short and sharp with people and why I got quite angry easily.

Well, turns out I have high blood pressure and my diabetes isnt being controlled the way i thought it was and this is a prime cause of my attitude at times.

Having read through this thread I can't apologise enough for the way i spoke to JX81 and others - i've prob made yet more enemies for life there!, not as if i didnt have enough already from my earlier years in forex!

Thankfully the tablets have kicked in now and i'm much calmer - sure i will still be opinionated but i hope not so rude. amazing ive got this far in forex with that attitude.

Another balls up is that I left my monitor account on full automatic and it's gone to crap for the month without my discretionary choices - ce'st la vie, at least the client accounts were switched off !!

Im opening the thread again fully, - guess high blood pressure makes you a control freak too eh? The ears are much better, i have stereo hearing again (was totally deaf at one point) but there is still some soreness.

again apologies to those i've upset. let the clinic be open again.
It takes a man to realize his short comings and a larger man to admit them publicly. War in the mind is almost if not worse then real combat. I often think we all fight battles within our mind and if left unchecked it has the ability to destroy that which we value. Now hows that for a DR PHIL thing? lol
Check Mate GAME OVER
  • #186
  • Oct 21, 2007 5:40am Oct 21, 2007 5:40am
Quoting bunton
It takes a man to realize his short comings and a larger man to admit them publicly. War in the mind is almost if not worse then real combat. I often think we all fight battles within our mind and if left unchecked it has the ability to destroy that which we value. Now hows that for a DR PHIL thing? lol
In most cultures, it is hard to admit something publicly. Self analysis does not come easily and the fingure point readily to the others. In Northern Europe, US and Canada one can still find some who have the courage to voice out their weakness and apologise. It is becoming rare. You have my respect Soultrader.

P.S I do recomend visiting Dr Phil's website to anyone who feels he/she is not living in freedom.
  • #187
  • Oct 21, 2007 2:30pm Oct 21, 2007 2:30pm
Quoting Zoran
If you lost 12% of your account in one month, why not just accept it and move on? I have read far too many stories about people losing because of some factor that was out of their control. You have been in this game for long enough to take full responsibility of your actions. Why would you put something on automatic if it is so flawed? Lucky you didn't make the same mistake on your client account! I'd be seriously concerned if I was one of them though.

It sounds to me like you need to take some time off, look after yourself and come back when fit and healthy.
Hi Zoran, to be fair it just shows how much i consider the monitor accou- it's quite small fry and not really a priority. Clients are a priority of course and my first thoughts were to protect them. I do accept the responsibility and 3k is hardly a mind blowing amount to get back.

The method i use isnt really automatic - it's kind of half and half - I take the decision to trade a particular pair in a particular direction but then for the management of the trade I have a robotic trader - it's supposed to be a 'one hit' thing - so i put it on to manage the trade to conclusion and then it should take no more - unfortunately the programming wasnt in there for a 'one hit' and it reset itself on each pair and entered more trades etc etc.

anyway, like I said it is my fault and one I have to learn from - the programmers have been busy this weekend!

Also as for the drawdown of 12% - well if my clients couldnt take that sort of hit they wouldnt be clients for long - trend following has significant drawdowns and regular ones of 30%+ - my clients are aware of this and accept the risk with their eyes open. luckily however they were spared this time

As for time off, I think you may be 100% right - normally i dont spend every waking hour at the computer but lately ive been glued to it for other reasons than forex and this isnt good. Ive not even been taking a single break from 7am to 6pm and then been coming back at 10pm for a late couple of hours. Not good really and i need to get the balance right.


Quoting highway
Same from me here, Soultrader.

Out of topic -
Genetic + Lack of movements + wrong food = Diabetic

Another reason for geting out of stressful trading and have more movements rather than glued to the PC.

I had an early warning from my doctor 2 years ago. I was a potential case for diabetes. Have to start moving and correct my food habits. My nutritionist added WHOLE grains to my diet. Brown bread / rice instead of white ones. It gave me more complete vitamins and minerals and I had less need to eat more. Otherwise the body is craving for more and we are stupid to just stuff more white rice /bread. We get bigger and we just get more lazy and tired to move. When the body is not able to produce enough insulin at once, one has to eat small amounts at a time but more frequently. So instead of 3 large meals, maybe 6 smaller meals. Cholesterol and diabetes seems to be close friends too
Result of diabetes - Easy to get sick and wounds don't heal or takes longer.
Try the swiss muesli for breakfast. It really give a plus to your health http://www.wisegeek.com/what-is-muesli.htm
Well highway thanks for the advice, believe it or not I have a $1800 treadmill near the office complete with screen to monitor trades if i need to - but I just can't be bothered!! you know you just get into a rut.

My health of late has suffered and i'm well overweight. Time for a change - from tomorrow I'm going to do at least 15 mins twice a day on the treadmill and at least a game or two on my nintendo Wii - don't laugh, this thing seriously exercises you!

Quoting highway
In most cultures, it is hard to admit something publicly. Self analysis does not come easily and the fingure point readily to the others. In Northern Europe, US and Canada one can still find some who have the courage to voice out their weakness and apologise. It is becoming rare. You have my respect Soultrader.
Well, I have to say that I have not done enough of this in the past and even the recent past. If i died tomorrow I think people would say "he was an arrogant bastard that one" and it's true. There are many whose perceptions I will never change because the damage is done however i'm trying to change because all a bad attitude does is shorten life's fun bits.

Hell, i'll never be sweetness and light - if i was i couldnt work in this business as i'd be eaten alive, but I can be more tolerant and understanding - and will be in the future.

Nuff said, let's move on.

I have some PM's in my inbox (lots actually) and I will get to the questions this week.

Get some pips made folks!
https://linktr.ee/Soultrader
  • #188
  • Oct 21, 2007 5:43pm Oct 21, 2007 5:43pm
hey!

before i post again tomorrow here's a challenge for you

Find me a moving average between 10 and 200 that price DOESN'T bounce off

Have fun

ps - the moving average bin is to your left when you've done looking

https://linktr.ee/Soultrader
  • #189
  • Oct 21, 2007 6:54pm Oct 21, 2007 6:54pm
Quoting soultrader
hey!

before i post again tomorrow here's a challenge for you

Find me a moving average between 10 and 200 that price DOESN'T bounce off

Have fun

ps - the moving average bin is to your left when you've done looking
One of my all time trading pet peeves...people who think price bounces off of a moving average.

I can almost agree that the 50 and 200 SMAs have meaning in the stock market since they've been used for decades and roughly equate to a quarter and year's trading days respectively. Even then they don't have the ability to provide support, merely significant. In forex though...totally baseless.

A moving average mathematically considers recent price action. How could it not occasionally touch?
  • #190
  • Oct 21, 2007 9:52pm Oct 21, 2007 9:52pm
Quoting soultrader
Having read through this thread I can't apologise enough for the way i spoke to JX81 and others - i've prob made yet more enemies for life there!
No enemy here

Best of luck and I wish you good health!
  • #191
  • Oct 22, 2007 4:13am Oct 22, 2007 4:13am
Quoting soultrader
Hi All,

Just a word of explaination for absense and an apology bundled in too.

The back half of this month has been awful for me. The ear infection got worse and worse to the point where i was in hospital on an antibiotic drip.

Whilst I was there I broached the question as to why i was often short and sharp with people and why I got quite angry easily.

Well, turns out I have high blood pressure and my diabetes isnt being controlled the way i thought it was and this is a prime cause of my attitude at times.

Hey ST,
just wanted to say sorry you've been through all that stuff...often wonder what it'd be like to lose control of either limbs or senses myself and it'd scare the p... out of me to even have it temporarily.

So grouch or not, hope you stay well/get better. Btw, I read Ray Kurzweil seems to control his diabetes almost completely through a controlled diet, vitamin intake(he's into all that longevity stuff) and exercise...thought that very interesting(there's quite a lot of info about it on the web/his pages etc)..no idea if that's far beyond useless to mention or not, but I certainly was intrigued. Seems others have discussed the topic as well, thought it might be interesting for others, too.
Oh and nice s/r chart

Take care,

SeekingLight
Trust price. Know yourself.
  • #192
  • Oct 22, 2007 4:15am Oct 22, 2007 4:15am
Quoting philmcgrew
they(moving averages, quoter's note) don't have the ability to provide support, merely significant. In forex though...totally baseless.

I can see all of the PF grinning at the play of words here

(I certainly had a good chuckle)
Trust price. Know yourself.
  • #193
  • Oct 22, 2007 4:32am Oct 22, 2007 4:32am
I though Souly was just taking being a grumpy old man to a new level.

I have had some of that though with food intolerance, no mater how much you think you are in control it takes you over. A bit like Jekyll & Hyde and you really can see a big black cloud over you. Scary stuff.

Anyhow have a look on here;

http://curezone.com/clark/

I know it looks a bit strange healing yourself naturally but that stuff really works.

A friend of mine (you know Rob, ST) had a remarkable cure for his child who the doctors wanted to fill with pills, just to make the symptoms easier.

Mart

PS, get yourself a juicer
----o00o--°(_)°--o00o----
  • #194
  • Oct 22, 2007 11:25am Oct 22, 2007 11:25am
Okee Dokee, doing ok today.

thanks for the comments and well wishes. I actually do control the diabetes with diet - but clearly had slipped off the waggon a bit - i thought it was ok to have about 5 mars bars a day ??

anyway, that wasnt really the issue and neither was the blood pressure, but combining the two and then sticking in some deafness to screw up my psyche resulted in a bit of a bomb

I can get juicer Mart but i can't drink the stuff - I have a skin condition that is inflamed by citrus - sure i could eat carrot juice and maybe pummeled training shoe but would you really want a juicer if you couldnt have orange, apple etc etc?

Thanks for the suggestions though

Now then - had a reply today on something discussed earlier:

This is a message from safeace

***************
Hi Soultrader,

Thanks for answering my question regarding candle patterns, I would have
replied to you in the forum but as I'm not a 1kt member I can only email
you.

Basically, I agree with youu that if brokers have different candle
patterns how can this be reliable...but don't you think if all brokers have
different open and close their support and resistance will also be
different?

I'm talking about the 4h, not daily as the dailies don't have much
of a difference but in 4h the candles and the S and R can be totally different
due to open and close.Please enlighten me on this...are you trying to say then
only trade of daily and higher using s and r?

Sean
***************

Hi Sean, candle/bar patterns and support & Resistance are different things altogether.

You can see support and resistance no matter what the candles used - rejections of areas can be seen without candles and without bars - even just a line chart can show you this.

There's also the fact that support / res does not form instantly in a single bar - true supp / res takes several bars to form no matter what the timeframe is - daily support takes a good week to form, even 5 minute support takes a good 15 - 30 minutes to form therefore the change of timezone should have no effect.

In effect the only true candles are weekly and monthly ones as many brokers have different end of day also.

I ask the question how can these variable patterns be reliable enough to risk putting money on them, but then I read James 16 thread and see that they clearly work for him.

Note though that though James 16's triggers for trades seem to be the patterns like the pin bars and the dhlc dlhc patterns - in reality he takes them at levels that deal with support / resistance - the backbone of any serious trading decision.

you'll also notice with fibs that the ones that work out well and make you believe in them just happen to be at simple support / res area's - the ones that fail tend to be in the middle of nowhere - what does that tell you.

Hope this helps.

PS, not had the answer i was looking for yet on how i use indicators differently to most. - it's very very simple - just keep trying and think out of the box a little.
https://linktr.ee/Soultrader
  • #195
  • Oct 22, 2007 1:15pm Oct 22, 2007 1:15pm
Quoting soultrader
PS, not had the answer i was looking for yet on how i use indicators differently to most. - it's very very simple - just keep trying and think out of the box a little.
Did you miss this, or was it so far off it wasn't worth a response?
Quote
I'll have a stab at this. There are ways of interpreting some Oscillators to help fade weak players who are making wrong plays regarding the direction of the market, or something like that!
  • #196
  • Oct 22, 2007 1:21pm Oct 22, 2007 1:21pm
nope, didnt miss it and i certrainly wouldnt dismiss anything from you Peter - just wasn't right is all
https://linktr.ee/Soultrader
  • #197
  • Oct 22, 2007 2:03pm Oct 22, 2007 2:03pm
Quoting soultrader
PS, not had the answer i was looking for yet on how i use indicators differently to most. - it's very very simple - just keep trying and think out of the box a little.

Simplified version of a thought would be: if others use it to enter, you use them to exit? I.e. I think someone, I believe it was Igrok, said that he used the MACD to signal him when to get out or to get targets? ...and I used to know some other olde english trader who did that as well...although nobody every really explained in detail how...but a wild guess would be price closing above the moving averages again...whatever that means on the MACD.
Trust price. Know yourself.
  • #198
  • Edited 5:02pm Oct 22, 2007 2:12pm | Edited 5:02pm
Indicators maybe eye candy and are useless at prediction - however I have hinted in earlier threads that they are useful for something else - no-one has yet come back to me on that useage so i'll leave it open a while longer


Hi Soul,

Well you think MA's T/L's and indicators in general pretty much suck, but you obviously have a use for one of them (maybe not one in particular) in a certain way.

Would it be as an initial method of entering a trend or more accuratley identifing it in a way that is on the whole shown in the same way every time.

So I'm thinking almost any one would do whether it be MACD, MA cross or whatever.

Maybe not to actually enter, you would do that when the trend is confirmed say on a pullback and then continuation of the indicated trend direction, after which you just trail, useing S/R similar to your chart example until the trend ends.

If I'm talking pure Bull I'm sure you will let me know.

...........

Glad to hear you are on the mend, not sure about the new you though, always found your not suffering fools glady approach informative and entertaining, mind you, you did go a little far sometimes .
  • #199
  • Oct 22, 2007 5:53pm Oct 22, 2007 5:53pm
Nah, not there yet but getting very close Wolf. and you are right - any one would do.

I'll put you all out of your misery.

Ive had explainations from using them to see where the suckers are selling, to working out the extremes and even someone told me how they use them as a strategy.

All are inside the box thinking and all are asking the indicator to predict price movement.

After this many years and many sleepless nights you realise that you cannot predict price action with any degree of certainty whatsoever. Candle patterns, averages, ocillators, fibs, channels, forks etc - they all amount to the same thing - just another way of looking at price and none offer anything more than a coin toss in reality.

so why do I still have an indicator or two on my chart? if they do not give me an edge in the market what is their use?

when you read this next few paragraphs there are some reading this that will have an 'aha' moment - a paradigm shift. Others will skim over it and not realise what they see. if that's you come back and read it again in 6 months.

when you have something which you cannot predict, your only edge is a price behavioral principle that you stand by and money management - you have to believe in something right or you could never trade?

My price behavioral principle is that 'trends exist'. Once you have this principle that you believe in you need a way of making a decision to enter long or short.

Here's the kicker. The indicators i use do not predict price action - they do not tell me the probability of a trade's success and they do not tell me what will happen next or how much to trade or what my profit target should be.

To me an indicator is .......

(Drumroll)

A discipline tool.

My chosen indicator(s) force me to decide in that direction - right or wrong it merely makes me do what my plan says i should do. The indicator is neither right nor wrong and nor does it pretend to be.

Now think about this - if it's never right or wrong then why would i tinker with it? all it does is say to me - price is going up, buy or price is going down, sell. and i do.

an indicator or even two of them in tandem just make me do what i'm supposed to do. If trends exist which is my principle beleif then i make money - if they do not exist then i will lose.

so far my principle holds over the long run so i stick to my discipline.

I told you it was not rocket science, but the mindshift from thinking of them as predictory tools to thinking of them as merely discipline tools makes all the difference.

Your principle might be different to mine - you may have the principle that prices often retrace from a keltner by 1% or that a moving average cross signals the start of a trend- whatever - then you build tools to build a test for that principle.

but if that set of indicators that you call a 'system' does not make money - it doesnt mean the system is wrong - it means the underlying price behavior principle is wrong and a major shift of thinking may be needed.

If there is one thing i want anyone to take from this thread it is this - trading methods should be built on ideas and principles - not squiggly lines. The lines are there to make you take action to prove or disprove your principle idea - they are not themselves the idea.

Think about this hard ..... It could change your life.

Hope this helps.
https://linktr.ee/Soultrader
  • #200
  • Oct 22, 2007 8:45pm Oct 22, 2007 8:45pm
Having a consistent set of criteria goes far being serving the purpose of mechanically entering trades. There is a lot of psychology behind it as well. So when one says to plan your trades and trade your plan they aren't joking. The reasons for doing so, much like faith, are to give you consistency and peace of mind in *knowing* that what you are doing, is, for lack of a better word, right.
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