DislikedTHERE IS A 100% WINNING WAY TO TRADE
But you'll never do it. BECAUSE YOUR HUMAN. But it's possible.
Ignored
TIA
Darkness lies one inch ahead..
- #247
- Dec 15, 2007 11:55am Dec 15, 2007 11:55am
- Joined Feb 2007 | Status: Stock Broker, October 1987 | 1,281 Posts
- #248
- Dec 15, 2007 11:57am Dec 15, 2007 11:57am
Everybody just wants an EA nobody wants to learn anything. This just proves that most simply lack passion towards this business or any other business, probably passion for anything. Shall I go on? Nah.. probably not.. there's much more to be said but screw it.
Robonacci com
- #251
- Dec 15, 2007 2:07pm Dec 15, 2007 2:07pm
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
Perhaps Bob's statement has been misconstrued. I took it to mean, when Skunny said the statement that trading could be 100%, if not for human error, that Bob was only extending that thought of removing human error. I do not think his intent was to imply that he wishes to surrender human responsibility for his trades...
Lets keep it up beat and light. I am choosing to give him the benefit of a doubt.
Lets keep it up beat and light. I am choosing to give him the benefit of a doubt.
- #253
- Dec 15, 2007 3:10pm Dec 15, 2007 3:10pm
- Joined Sep 2006 | Status: ... | 8,113 Posts
You have got to be kidding....hilarious. You are one of the main reasons I started this thread in the first place......
I guess I jumped to conclusions by linking your two statements "THERE IS A 100% WINNING WAY TO TRADE" and "A calibrated tool and price action will get you there". Back on JohnW's thread, I suspected that the "calibrated tool" might be Fibos, and I think I posted something to that effect. From memory you said that you'd accidentally stumbled on an amazing concept after poring over charts for a million hours, and it revolutionized your trading to the point that you discarded indicators. I've just found the post:
.....Do I have anyones attention? Because I don't know anyone that actually knows this, not brokers, not even the biggest institutions. When you figure out how to calculate these moves you will have created a Grail (you can decide if it's holy or not). But I can tell you this....IT CAN BE DONE!
Price action and a calibrated tool will get you there. Good luck.
Please don't ask me to share the particulars it took me a million hours to figure out (by accident) because I wouldn't want to rob you of the journey to figure it out. .....
I'm not trying to be a smart-a$$, attempting to find possible contradictions in anything that you've said. Just trying to get an idea as to what kind of learning curve is involved; what might be realistically possible performance-wise; and - in terms of method - precisely where you're coming from.
I hope that your father's health is improving. I lost my mother to cancer in 2002; life definitely has its periods of blackness. My thoughts and prayers are with you.
David
Perhaps Bob's statement has been misconstrued. I took it to mean, when Skunny said the statement that trading could be 100%, if not for human error, that Bob was only extending that thought of removing human error. I do not think his intent was to imply that he wishes to surrender human responsibility for his trades...
Lets keep it up beat and light. I am choosing to give him the benefit of a doubt.
Robonacci com
Hi Skunny,
Are you using the MT4 Gann line tool for drawing your Gann lines? It's designed to draw a 45 deg angle, but has adjustable scale which is necessary in forex. Gann said the lines should be drawn at 45 degree angles representing one unit of price change over one unit of time, but for forex, that won't work well since a pip is just too small. I've usually used a scale of 100 pips to 1 unit of time when I've just played with them before on some time frames.
By adjusting the scaling, you can achieve whatever angle you want, so I'll be interested to hear how you do your calculations.
Bruce
Eidt: actually after recreating those lines on my chart, it does appear to be using a scale of 1 on the hourly charts at least.
I don't really know. I quit using tools for what others say they should be good for, rather I try to find away to trade it. I'm not anal and I think that helps me with my studies. Too many traders get paralyzed by thinking they have an edge cuz their so smart and over think it. The truth is most successful traders are the biggest simpletons, like Warren Buffet (self proclaimed simpleton). He always offers nothing about his trading and how he makes decisions, except the biggest clue ("I'm a simple guy, I need it simple so I can understand"). I think I got it right (sorry Warren if I messed it up)
Robonacci com
- #260
- Dec 15, 2007 6:33pm Dec 15, 2007 6:33pm
- Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
(sorry Warren if I messed it up)
Mr. Trend