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Indicator Free Trading - Skunny

  • #301
  • Dec 16, 2007 9:29am Dec 16, 2007 9:29am
Quoting Skunny
9) my wife makes really great spaghetti.
Can you please elaborate some more on her recipe?

Doest it have influence in your trading?

(Maybe it's vital for a trader's diet. Who knows...)
  • #302
  • Dec 16, 2007 9:32am Dec 16, 2007 9:32am
Quoting hensch
Can you please elaborate some more on her recipe?

Doest it have influence in your trading?

(Maybe it's vital for a trader's diet. Who knows...)
I make a Wicked good spaghetti sauce. The secret is I put a very small amount of homemade BBQ sauce in the mixture, LOL
  • #303
  • Dec 16, 2007 9:39am Dec 16, 2007 9:39am
OK folks, now seriously.

there's two aspects (so far) that stand out loud in this (greta) thread.

1.- Install VTrade and observe price action.

2.- Learn how to cherry pick the best trades.


The how is not important because each one of us has to discover our own "How". No shortcuts possible.

Henry
  • #304
  • Dec 16, 2007 9:43am Dec 16, 2007 9:43am
Quoting smjones
I make a Wicked good spaghetti sauce. The secret is I put a very small amount of homemade BBQ sauce in the mixture, LOL
OK, here we go again...

Can you disclose anything abot your BBQ sauce?

Does it influence your trading patterns/success?

Do you prepare it under the influence of any special moon cycle?
  • #305
  • Dec 16, 2007 9:47am Dec 16, 2007 9:47am
Quoting hensch
2.- Learn how to cherry pick the best trades.

Henry
I think Skunny argued against that somewhat, when he said that the market gives clues regarding where it is headed, one need only follow the price in the direction of the breadcrumb trail thus negating the need to wait for what is seemingly a 'perfect opportunity' because once you are intuitively aware of the direction the clues are pointing you towards, opportunity is trivial. That's just what I understood from what Skunny is saying.

Bob
  • #306
  • Dec 16, 2007 9:55am Dec 16, 2007 9:55am
I find that when my wife is not happy with the time I spend trading instead of doing what she wants me to do - ie get a real job that pays a salary every month, my trading goes to hell. So the other part of trading has absolutely nothing to do with systems, strategies, price movement or spagetti sauce. I also teach trading to a local high school - when ever they get hung up on something - my best response is - go figure it out your self if you are really stuck ask me for direction but never ask me for the answer. Makes a huge difference. and Thirdly, the human element of trading has nothing to do with the analytics of systems. At some point one has to learn to feel the market. Similar to golf - I became a good golfer when I was able to stop all all my thoughts and just feel the swing. Sure I still have to judge my distance, check my lie, think about the wind, etc... and once I am in my stance and over the ball, all thoughts have to stop. The result then is what the result is. If it was a good swing and the end result sucks, thats golf and quite the same with trading. I gotta go - wife is calling.
I make money anywhere in the world by taking orders
  • #307
  • Dec 16, 2007 9:55am Dec 16, 2007 9:55am
Quoting hensch
OK, here we go again...

Can you disclose anything abot your BBQ sauce?

Does it influence your trading patterns/success?

Do you prepare it under the influence of any special moon cycle?
For Fear of Hyjacking Skunny's thread, I am taking that secret to my grave, as it is an inefficiency in the culinary market and I would not want to lose my edge.

bobblong, An interesting point.
  • #308
  • Edited 10:39am Dec 16, 2007 10:12am | Edited 10:39am
Quoting bobblong
I think Skunny argued against that somewhat, when he said that the market gives clues regarding where it is headed, one need only follow the price in the direction of the breadcrumb trail thus negating the need to wait for what is seemingly a 'perfect opportunity' because once you are intuitively aware of the direction the clues are pointing you towards, opportunity is trivial. That's just what I understood from what Skunny is saying.

Bob
Mmm... let's see what he says, but I suspect we're trying to say the same,
that's why it's vital undertstanding PA.

Cherry picking trades means only following the breadcrumb with whatever trading
system the trader may choose to use.
  • #309
  • Dec 16, 2007 10:19am Dec 16, 2007 10:19am
Quoting hensch
Can you please elaborate some more on her recipe?

Doest it have influence in your trading?

(Maybe it's vital for a trader's diet. Who knows...)
It may just be the key, but don't tell her I'll never hear the end of it
Robonacci com
  • #310
  • Dec 16, 2007 10:21am Dec 16, 2007 10:21am
Quoting hensch
OK folks, now seriously.

there's two aspects (so far) that stand out loud in this (greta) thread.

1.- Install VTrade and observe price action.

2.- Learn how to cherry pick the best trades.


The how is not important because each one of us has to discover our own "How". No shortcuts possible.

Henry
I can help with the how as well. But not until a few things are well understood.
Robonacci com
  • #311
  • Dec 16, 2007 10:23am Dec 16, 2007 10:23am
Quoting bobblong
I think Skunny argued against that somewhat, when he said that the market gives clues regarding where it is headed, one need only follow the price in the direction of the breadcrumb trail thus negating the need to wait for what is seemingly a 'perfect opportunity' because once you are intuitively aware of the direction the clues are pointing you towards, opportunity is trivial. That's just what I understood from what Skunny is saying.

Bob



Robonacci com
  • #312
  • Dec 16, 2007 10:29am Dec 16, 2007 10:29am
Quoting bobblong
I think Skunny argued against that somewhat, when he said that the market gives clues regarding where it is headed, one need only follow the price in the direction of the breadcrumb trail thus negating the need to wait for what is seemingly a 'perfect opportunity' because once you are intuitively aware of the direction the clues are pointing you towards, opportunity is trivial. That's just what I understood from what Skunny is saying.

Bob
That's the way I took it. The point was, you can get 100% but you're going to pass up a lot of pips to do that.

AND, just as importantly, even if you're winning 100% and you have the perfect trade, you still can't bet the house because of the human factor.
  • #313
  • Dec 16, 2007 10:36am Dec 16, 2007 10:36am
Quoting SedonaPipper
I find that when my wife is not happy with the time I spend trading instead of doing what she wants me to do - ie get a real job that pays a salary every month, my trading goes to hell. So the other part of trading has absolutely nothing to do with systems, strategies, price movement or spagetti sauce. I also teach trading to a local high school - when ever they get hung up on something - my best response is - go figure it out your self if you are really stuck ask me for direction but never ask me for the answer. Makes a huge difference. and Thirdly, the human element of trading has nothing to do with the analytics of systems. At some point one has to learn to feel the market. Similar to golf - I became a good golfer when I was able to stop all all my thoughts and just feel the swing. Sure I still have to judge my distance, check my lie, think about the wind, etc... and once I am in my stance and over the ball, all thoughts have to stop. The result then is what the result is. If it was a good swing and the end result sucks, thats golf and quite the same with trading. I gotta go - wife is calling.
You bring up a very very very important issue. If you have a family and you've decided you want to trade for a living someday, you must call a family meeting and get their blessing. You need to include them on your journey or you will fail in one of the 2 areas - and I hope it would be the trading. My wife slept alone (at least I think so) for months while I sat at the computer nearly 20 hours a day. She was supportive and with out it I wouldn't be talking to you right now. Find a clever way to communicate this to your family and somehow make it fun while your spending a great deal of time learning. It's a difficult balancing act that is harder than trading.
Robonacci com
  • #314
  • Dec 16, 2007 10:39am Dec 16, 2007 10:39am
Quoting blueruby
That's the way I took it. The point was, you can get 100% but you're going to pass up a lot of pips to do that.

AND, just as importantly, even if you're winning 100% and you have the perfect trade, you still can't bet the house because of the human factor.
Bravo
Robonacci com
  • #315
  • Dec 16, 2007 10:44am Dec 16, 2007 10:44am
Quoting smjones
For Fear of Hyjacking Skunny's thread, I am taking that secret to my grave, as it is an inefficiency in the culinary market and I would not want to lose my edge.

bobblong, An interesting point.
I saved you for last, Scott,

I know what your trying to do, I'm no spring chicken. Sure, you run around the forum being all nice(plumping us) and solving peoples problems. But, I'm not fooled. You were just waiting for the most opportune time to plant a teaser. Next thing we know FF will be Spaghetti Factory and you'll be selling your secret recipe to millions. And you people think I'm an idiot.
Robonacci com
  • #316
  • Dec 16, 2007 10:54am Dec 16, 2007 10:54am
Busted...
  • #317
  • Dec 16, 2007 11:02am Dec 16, 2007 11:02am
Skunny I gotta admit your doing an awsome job here. Trading isnt all about the system or method 50% is the trader and how they percieve the market. Learning the market first would save alot of people alot of money down the drain.
Learning how the market works each trader will develope thier own style or method if you will, that will be successful for them and sooner or later when they realise its the simplest of things that are the most successful they will have it.
What you are teaching them wether they realise or not is this very thing.
Seeing the market in its truest sense and carving their own path with the tools you can make them aware of is what its all about.
  • #318
  • Dec 16, 2007 12:05pm Dec 16, 2007 12:05pm
I like sorry i love examples. So please keep posting examples. this is my first visit of this thread
Let's trade together.
  • #319
  • Edited Dec 17, 2007 1:26pm Dec 16, 2007 1:01pm | Edited Dec 17, 2007 1:26pm
The yellow circles are fib projections.

When low breaks below the previous low, the price seems to go to the lower fib projections of the previous candle.

When high breaks above the previous high, the price seems to go to the upper fib projections of the previous candle.

These patterns seem to continue.

Skunny, if you could post a chart showing where price should go this week on the USDJPY, perhaps I can tune the code. Thank you.
  • #320
  • Dec 16, 2007 1:20pm Dec 16, 2007 1:20pm
Quoting SBrickman

The yellow circles are fib projections.

When low breaks below the previous low, the price seems to go to the lower fib projections of the previous candle.

When high breaks above the previous high, the price seems to go to the upper fib projections of the previous candle.

These patterns seem to continue.

Skunny, if you could post a chart showing where price should go this week on the USDJPY, perhaps I can tune the code. Thank you.
Hmm, anyone else thinking of champagne when looking at that chart?
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