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  • #3,981
  • Jul 26, 2008 5:35pm Jul 26, 2008 5:35pm
Quoting fti
Hi hcong,
Just goes to show, there are intelligent and thinking minds here.
The bums , they couldn't be bothered with this stuff. They'll probably buy some automated program and sit waiting to become rich. Just wondered , if thats will ever possible, I guess not. Thats only for the gullible.

regards
Hi fti,

Though it's sure there are many scams all around the forex world, I think the rise of the machines has already begun. Trading is becoming harder and harder for us poor mortals. Have you ever played chess with Fritz 10? This software is able to defeat the world champion. A few decades ago, people used to think computers would never reach GM level chess play. Now I have it in my PC (to lose every day if I want). Market is a fascinating environment. Millions of people get in and out all the time. Master human traders will always make their way to profits. But I believe machine trading level will increase dramatically in the next few years. Hope this doesn't turn into a man x machine contest. Otherwise, we would be hopeless (unless we could afford to buy - or write - a master trading software by ourselves). A software can be so flexible (or rigid) as its programmer(s). Each one has his own kind of limitations. A partnership is a good point to start with. The machine can save us screen time. It points out and we decide to pull the trigger or not. Even a rookie trader like me is having some good moments doing this.

Still pending that hypnosis session . I am an old dog with a mental malfunction that could be called "eternal childishness". A childish old dog finds it not too hard to change its mind (maybe I change it in excess and that may not be good). Anyway, I think I am not so "rebellious" about the trend anymore. But since Leighsww stopped whipping us, I will not ban that possibility forever . Hmm... something tells me she still lurks this thread secretly... .
  • #3,982
  • Edited 10:35pm Jul 26, 2008 9:09pm | Edited 10:35pm
Hi ALL,

I took the liberty of using my sabbath, to do this posting.
It may not be everyone's sabbath, I just saying that it is for me..
I feel that I should get something off my chest , before I started trading again on monday.What I have to say is long and asking of research, so I hope that most will bear with me, with an open heart and with empathy.

I detect that some of you are upset with my recent religious postings. I don't know if this may be the case for Leighsww.
Some may be thinking that I may have gone OT and had wondered.
What is this guy, nuts?
What has God gotta do with trading?
Next he'sgonna say that he has been making money because God favours him.
Before anyone stones me.Think !
I Hope that I can present the case clearly.

My methodology in trading involves non rigidity, and my many years survival was dependent on this non rigidity.

Let me begin by saying that , my great grandfather was a methodist missionary from Fuzhou. My grandfather was more focused on opium smoking than church work (it was then legal), My father was Catholic. And for me I don't fit in either, you may call me "The Book of Matthew" christian as I try to emulate Christ's ways from that testimony.(have always wondered why churches , do not follow christ's teachings.) It is not my intent to preach religion to traders.

I posted earlier, a little jestfully an excerpt that, "if people found difficulty understanding me that they should try to understand a clip of a venerable teacher, who was try to explain CHANGE. "
I hope it was of no offense to anyone that althouht the clip showed the teacher trying to explain reincarnation, the message was clear for traders. You should re-peruse the clip again , if this perspective may become clear to you.

In markets, the princip;e he mentioned is very important.
That change is the only constant in the plane or dimension or world ,that we live in. Examine your dwelling , clothings, diets, life, surroundings and almost every thing thats around you, relative to: lets say 100 years ago. Most are the same , but they are different, isn't it. Nothing stays the same, nevertheless they are the same and they have changed.
This is also true in markets.

The clip's teaches that our soul lives in a body and when necesary it changes body. This is the case in markets. When the market is done in one mode of trend , it changes to another mode. It is the same market, but in different modes, always changing.
In markets as in life, no two trends are alike, as it trys to vibrate into that which is most equilibrium for itself on the basis of the NOW. So if your methodlogy is rigid, then sometime, you will be out of bounds.

One of the most important lessons I learned from Buddha from my race heritage, is his teachings of "The danger of I" and reincarnation. (rebirth)
You should try to get a copy of the scripture "The dangers of I" it is most enlightening. Try any Buddhist society, they should have free copies for a donation.
In this scripture, the issue is about rebirth. Many have interpreted his teaching to mean to be born again , in another life time.(reincarnated birth) If you research it carefully , it actually refers to the rebirth of the man's mind, in the same instance ie this life , but into another mode, through the 5 human senses. ie sight, hearing, taste, sensory feel and thoughts. Buddha taught that mans minds are reborn again and again with every breath and to guard that we must seek the middle path that we may not change mode into the left or right extremes that the senses would lead towards. Therefore never to crave. (the hell fires of desire), And that this leading astray would originate from the man sense of thought, "I". He taught that if man can withhold the inclination to the inward realisation , that "I" should never be the center of focus, then it would surfice for the man not to stray into any extremes.
On this the foundation whereby his followers lived life.

In the market's perspective, this is very important. Because the tendency for traders to be focus on the "my position" will lead traders to ruin. Whereas if the trader can hold to a balance of the opinion on the market charted against its behaviour then the trader may avoid calamities , when the opinion is in err.The middle path of the analysis and the actual behaviour of the said.
This was the reason for the link to that clip. It was not for amusement.

The intent of the clip was to highlight "CHANGE".
All things in the universe, changes and in motion, nothing stays the same, or at rest. The only constant is change. Change behest Change and no two are ever the same even if they are the same. This the foundation of the Tao( Tao De Jing). Yin Yang. "Within the light is the darkness and within darkness, the light."

All thing remains the same but they are never the same.
This is true in all things. Even in religion.

Notice that All Christians are reading God's Holy Bible, but there are dividing differences between Peter's Church( Catholic) and the reformed churches.Even amongst the reformed churches the same that divides them.
For the muslims, similarly. The strongest pillar of Islam is the Holy Koran , which has remained in the original language as compiled by Abu Bakar after The prophet Mohamed,peace be with him. But take a look at the divided fractions of the practise and you will see that although the scriptures remains the same , the interpretations divides them.
Similarly the Buddhist...................

I say again, ""All are the same , they are different"
Can you understand this?

Why is this so ?
It is because the difference is dynamic. It is mind.
And all minds are different althought they are the same.
Therefore all may read the same , but perceptions must differ.

I hope that no one here, thinks I am nuts or gone OT.
My intent is not religion motivated. Let this be clear.

The other Issue is TOLERANCE.(strength of boundaries)
It may have a religious connotation to it as well, but really, it the foundation to the Money management that I practise.

I may not have explained clearly, so if anyone may help crystalise the point I am trying to make. Please.

regards

PS: lest anyone ,should be tempted to stone me for not quoting cheist. In fact he repeatedly taught us the same. I will quote which is most close to my heart.
In the Lords prayer, Christ taught us how we should pray to the heavenly creator,
"Forgive us of our sins",as sinners we know not where we err
as we forgive those who had sinned us."that we must forgive where others may have harmed us, as they too know not what they do,
The marked in red is my interpretations.

In effects, we are all in err. as we deal with the unknown daily, and we really know not the consequenses of our action on others. Again the variance our actions creates,. Can you feel it?
  • #3,983
  • Edited 10:26pm Jul 26, 2008 9:37pm | Edited 10:26pm
hi

I've been on this thead every day since the first post, and although I don't ask questions, post opinions or share thought I have come to trust in what fti has to say as trustworthy and necessary Info. Every question I have ever had has been answered in something he has posted (it seems mostly in code). I'm not sure if fti is a 10 year old girl from Alabama or a bonifide Guru of the forex market (I don,t care), but I have come to learn what he has to say is good knowledge. He has turned my trading world around 110% and I now am a consistant winner who is not afraid of the forex market(AOW). So if you want to spout a bit of religion I'll look to find the meaning or thought pattern even though what I'm listening to is not always my cup of tea.

thanx Fti
  • #3,984
  • Edited 9:53pm Jul 26, 2008 9:40pm | Edited 9:53pm
Quoting Jairo
Hi fti,

Though it's sure there are many scams all around the forex world, I think the rise of the machines has already begun. Trading is becoming harder and harder for us poor mortals. Have you ever played chess with Fritz 10? This software is able to defeat the world champion. A few decades ago, people used to think computers would never reach GM level chess play. Now I have it in my PC (to lose every day if I want). Market is a fascinating environment. Millions of people get in and out all the time. Master human traders will always make their way to profits. But I believe machine trading level will increase dramatically in the next few years. Hope this doesn't turn into a man x machine contest. Otherwise, we would be hopeless (unless we could afford to buy - or write - a master trading software by ourselves). A software can be so flexible (or rigid) as its programmer(s). Each one has his own kind of limitations. A partnership is a good point to start with. The machine can save us screen time. It points out and we decide to pull the trigger or not. Even a rookie trader like me is having some good moments doing this.

Still pending that hypnosis session . I am an old dog with a mental malfunction that could be called "eternal childishness". A childish old dog finds it not too hard to change its mind (maybe I change it in excess and that may not be good). Anyway, I think I am not so "rebellious" about the trend anymore. But since Leighsww stopped whipping us, I will not ban that possibility forever . Hmm... something tells me she still lurks this thread secretly... .
Hi Jairo,

Yes machines have improved in peformance, over the years.

It is unlikely that machines can take over profitable trading.
Ponder this.

The computer's logic process flow is comprise of 3 switches , and, or, if, , Fundamentally it is not intelligent.In the logic process if it gets stuck in any of this flow, the logic goes into a nested loop, ie hung. So to avoid the crash, some form of fuzzy bypass logical process are added that kicks it out of the process by means of subroutine modules, to reset and bypass, known as jump routines. Although the procesor had gone thru generations of speed enhancement, its foundation remains the same. The case is that the machine has no intelligence power only good for repeatative dynamics and arrays.

In contrast the human mind is a very complex network of neurons and does not funtion on 3 switch logics.Although the process is unknown, it can be identified for its dynamics.

There is no case for substitution of dynamic logic for limited logic capacity. however fast they may improve the speed, the computer cannot think.

If you compare markets to chess, chess has limited vectors and possibilities. The variance in markets are close to infinite.

I hope you may think about this in depth.

regards

PS: decades ago, the search for an aircraft landing autopilot was researched. Until today, the best we could do is beacon landing guidance, And that is only used when it became visually impossible to land due to zero visibility. However most land strips prefers to close the strips than have guided landings. Says heaps about the ability to handle variance.

The first sign of any possibility I GUESS, is the possibility of self driven cars on limited managed road, even that seem an impossibility.

Trade the market? I'll think again.
  • #3,985
  • Jul 26, 2008 10:03pm Jul 26, 2008 10:03pm
Quoting musgrove
hi

I've been on this thead every day since the very first post, and although I don't ask questions, post opinions or share thought I have come to trust in what fti has to say as trustworthy and necessary Info. Every question I have ever had has been answered in something he has posted (it seems mostly in code). I'm not sure if fti is a 10 year old girl from Alabama or a bonifide Guru of the forex market (I don,t care), but I have come to learn what he has to say is good knowledge. He has turned my trading world around 110% and I now am a consistant winner who is not afraid of the forex market(AOW). So if you want to spout a bit of religion I'll look to find the meaning or thought pattern even though what I'm listening to is not always my tea.

thanx Fti
Hi musgrove,
A new perspective.
I Thank you for your kind words and trust.
May the force be with you, always.

regards
  • #3,986
  • Jul 26, 2008 11:11pm Jul 26, 2008 11:11pm
Quoting fti
Hi ALL,

I took the liberty of using my sabbath, to do this posting.
It may not be everyone's sabbath, I just saying that it is for me..
I feel that I should get something off my chest , before I started trading again on monday.What I have to say is long and asking of research, so I hope that most will bear with me, with an open heart and with empathy.

I detect that some of you are upset with my recent religious postings. I don't know if this may be the case for Leighsww.
Some may be thinking that I may have gone OT and had wondered.
What is this guy, nuts?
What has God gotta do with trading?
Next he'sgonna say that he has been making money because God favours him.
Before anyone stones me.Think !
I Hope that I can present the case clearly.

My methodology in trading involves non rigidity, and my many years survival was dependent on this non rigidity.

... ...

In the market's perspective, this is very important. Because the tendency for traders to be focus on the "my position" will lead traders to ruin. Whereas if the trader can hold to a balance of the opinion on the market charted against its behaviour then the trader may avoid calamities , when the opinion is in err.The middle path of the analysis and the actual behaviour of the said.
This was the reason for the link to that clip. It was not for amusement.

The intent of the clip was to highlight "CHANGE".
All things in the universe, changes and in motion, nothing stays the same, or at rest. The only constant is change. Change behest Change and no two are ever the same even if they are the same. This the foundation of the Tao( Tao De Jing). Yin Yang. "Within the light is the darkness and within darkness, the light."
... ...

In effects, we are all in err. as we deal with the unknown daily, and we really know not the consequenses of our action on others. Again the variance our actions creates,. Can you feel it?
hi, fti:

Thanks for this great post. I am always interested in religions and thoughts. Good trades depend on correct mindset. Besides experiences, we can obtain correct mindset from great books like bible, AOW, etc.

Yes, the only unchanged thing is change. "There are no new things under the sun." That's why I never believe automatic trdading system,, rigid indicators, and ignore any description on such systems.

Thank you for sharing these thoughts and opinions with us. I really enjoyed them and the youtube clips as well.

David

P.S. I obtained a similiar rate of return last week. Thanks God, and thank you too.
  • #3,987
  • Jul 26, 2008 11:38pm Jul 26, 2008 11:38pm
fti, just watching a movie, "Cast away." Checked computer and saw your message.

No problem here...Passed last year deeply into philosophy...came to crazies conclusions...still life is umpredictable, changes come from nowhere and lead us into unexpected directions...there is wisdom everywhere...the more I trade, the more I find trading is a metaphore for life...it is a religious experience...those who do not understand should consider returning to indicators.

No regret here...you OT?... I learned in your thread more than I ever learned on all my reading...Keep send your stories...Thanks...
----------------------------------

Jairo, computer trading?....chess is pretty linear...the currency market is non-linear...it trends then rests and that rest changes into going either north or south depending on unpredictable economical events...models will not work but AI rules base system will work...AI rule based system is no more than a human expert in a box...

The problem? If such a AI software could be developed, all traders would use it...so..Figure that everybody is selling a the same time Dollars because they have such a system, who would buy the dollar?...Clearly nobody...trading would stop...there you have it...the end of the market...Paralysis...still some rules are possible and some probabilities are useful..that is what fuzzy logic is all about...but I forgot that I already have such a computer...behind my 2 eyes!!!...

so prior to the news...get out...see how PA react to the news...follow PA...wave attack..bank your pips and get out....this is a set of rules..right?

Why do I need a computer to do this for me?...sometimes the news does nothing...other times it goes the wrong way...so I must follow PA...If I do...when do I get out...with a non linear market, models cannot reliable tell me when to get in and when to get out...I need to keep making adjustment and there non-mechanical is back...so self defeating...

What am I saying? The day that the market could be trade with machines, that day the market will stop and vanish...

Regards
Empty as water and soft as a facing wind mountain
  • #3,988
  • Jul 26, 2008 11:40pm Jul 26, 2008 11:40pm
Quoting fti
Hi ALL,

I took the liberty of using my sabbath, to do this posting.
It may not be everyone's sabbath, I just saying that it is for me..
I feel that I should get something off my chest , before I started trading again on monday.What I have to say is long and asking of research, so I hope that most will bear with me, with an open heart and with empathy.

I detect that some of you are upset with my recent religious postings. I don't know if this may be the case for Leighsww.
Some may be thinking that I may have gone OT and had wondered.
What is this guy, nuts?
What has God gotta do with trading?
Next he'sgonna say that he has been making money because God favours him.
Before anyone stones me.Think !
I Hope that I can present the case clearly.

My methodology in trading involves non rigidity, and my many years survival was dependent on this non rigidity.

Let me begin by saying that , my great grandfather was a methodist missionary from Fuzhou. My grandfather was more focused on opium smoking than church work (it was then legal), My father was Catholic. And for me I don't fit in either, you may call me "The Book of Matthew" christian as I try to emulate Christ's ways from that testimony.(have always wondered why churches , do not follow christ's teachings.) It is not my intent to preach religion to traders.

I posted earlier, a little jestfully an excerpt that, "if people found difficulty understanding me that they should try to understand a clip of a venerable teacher, who was try to explain CHANGE. "
I hope it was of no offense to anyone that althouht the clip showed the teacher trying to explain reincarnation, the message was clear for traders. You should re-peruse the clip again , if this perspective may become clear to you.

In markets, the princip;e he mentioned is very important.
That change is the only constant in the plane or dimension or world ,that we live in. Examine your dwelling , clothings, diets, life, surroundings and almost every thing thats around you, relative to: lets say 100 years ago. Most are the same , but they are different, isn't it. Nothing stays the same, nevertheless they are the same and they have changed.
This is also true in markets.

The clip's teaches that our soul lives in a body and when necesary it changes body. This is the case in markets. When the market is done in one mode of trend , it changes to another mode. It is the same market, but in different modes, always changing.
In markets as in life, no two trends are alike, as it trys to vibrate into that which is most equilibrium for itself on the basis of the NOW. So if your methodlogy is rigid, then sometime, you will be out of bounds.

One of the most important lessons I learned from Buddha from my race heritage, is his teachings of "The danger of I" and reincarnation. (rebirth)
You should try to get a copy of the scripture "The dangers of I" it is most enlightening. Try any Buddhist society, they should have free copies for a donation.
In this scripture, the issue is about rebirth. Many have interpreted his teaching to mean to be born again , in another life time.(reincarnated birth) If you research it carefully , it actually refers to the rebirth of the man's mind, in the same instance ie this life , but into another mode, through the 5 human senses. ie sight, hearing, taste, sensory feel and thoughts. Buddha taught that mans minds are reborn again and again with every breath and to guard that we must seek the middle path that we may not change mode into the left or right extremes that the senses would lead towards. Therefore never to crave. (the hell fires of desire), And that this leading astray would originate from the man sense of thought, "I". He taught that if man can withhold the inclination to the inward realisation , that "I" should never be the center of focus, then it would surfice for the man not to stray into any extremes.
On this the foundation whereby his followers lived life.

In the market's perspective, this is very important. Because the tendency for traders to be focus on the "my position" will lead traders to ruin. Whereas if the trader can hold to a balance of the opinion on the market charted against its behaviour then the trader may avoid calamities , when the opinion is in err.The middle path of the analysis and the actual behaviour of the said.
This was the reason for the link to that clip. It was not for amusement.

The intent of the clip was to highlight "CHANGE".
All things in the universe, changes and in motion, nothing stays the same, or at rest. The only constant is change. Change behest Change and no two are ever the same even if they are the same. This the foundation of the Tao( Tao De Jing). Yin Yang. "Within the light is the darkness and within darkness, the light."

All thing remains the same but they are never the same.
This is true in all things. Even in religion.

Notice that All Christians are reading God's Holy Bible, but there are dividing differences between Peter's Church( Catholic) and the reformed churches.Even amongst the reformed churches the same that divides them.
For the muslims, similarly. The strongest pillar of Islam is the Holy Koran , which has remained in the original language as compiled by Abu Bakar after The prophet Mohamed,peace be with him. But take a look at the divided fractions of the practise and you will see that although the scriptures remains the same , the interpretations divides them.
Similarly the Buddhist...................

I say again, ""All are the same , they are different"
Can you understand this?

Why is this so ?
It is because the difference is dynamic. It is mind.
And all minds are different althought they are the same.
Therefore all may read the same , but perceptions must differ.

I hope that no one here, thinks I am nuts or gone OT.
My intent is not religion motivated. Let this be clear.

The other Issue is TOLERANCE.(strength of boundaries)
It may have a religious connotation to it as well, but really, it the foundation to the Money management that I practise.

I may not have explained clearly, so if anyone may help crystalise the point I am trying to make. Please.

regards

PS: lest anyone ,should be tempted to stone me for not quoting cheist. In fact he repeatedly taught us the same. I will quote which is most close to my heart.
In the Lords prayer, Christ taught us how we should pray to the heavenly creator,
"Forgive us of our sins",as sinners we know not where we err
as we forgive those who had sinned us."that we must forgive where others may have harmed us, as they too know not what they do,
The marked in red is my interpretations.

In effects, we are all in err. as we deal with the unknown daily, and we really know not the consequenses of our action on others. Again the variance our actions creates,. Can you feel it?
No offense taken.
As with any good teacher your instructions and reminders are consistant.
Isn't what you are saying just one of many angles used to help us understand the principle?

You have always spoken of being aware of change in the market thats why we watch the 5 minute tic by tic.
"The point of reference and the present becomes the emidiate past and must be released and that the new point of reference should be the present point of contention" was one that I enjoyed most within the last couple weeks.

To, if there are scriptures in the bible that give you principles to live your life, by all means continue to read because it has greatly benefited you in more ways than one, as it has helped to make you a well rounded individual.
I truly hope that with all you have given that Acts 20:35 holds true for you. As it mentions it is better to give than to recieve.

Since were on the topic I'd like to add a few words to think about and live by as the principle of these words are found in the bible.

Watch your thoughts, for they become words. Choose your words, for the become actions. Understand your actions, for they become habits. Study your habits, for they become your character. Develop your character, for it becomes your destiny.

So we have some more to think about in the here and now.

take care
  • #3,989
  • Jul 26, 2008 11:50pm Jul 26, 2008 11:50pm
Dear FTI, and all:

On July 23, and July 24 I mainly traded G/U and make a success.
It is illustrated in the attached chart.

On July 23, I started trading short E/U and G/U, closed E/U around 25 pips, but G/U positions were stuck. There was a power failure in my area, so I stopped trading untill night.

After G/U reached to 2.0020, I saw G/U momentum lost, and price was softening, so I started recue operations. Fast in and fast out, two rounds, and the loss recovered.

About 2:30am( 2:30 pm NY time), I went to sleep with scout and first attack without babysitting, because:

1st, volitily would become small, extremely difficult to make profits,
2nd, the loss was covered already, even 100 pips more against my scout and first attack, it is no problem, still under loss control;
3rd, I need a rest to restore energy, alert to fight next day.

On July 24, my time was coming, everything went well, except attack level 3. I didn't make much from attack L3 due to worries of strong pullback--- most positions close around 9860.

David
Attached Image (click to enlarge)
Click to Enlarge Name: GU 0723 attack.JPG Size: 118 KB
  • #3,990
  • Jul 27, 2008 12:43am Jul 27, 2008 12:43am
Quoting Green_David
Dear FTI, and all:

On July 23, and July 24 I mainly traded G/U and make a success.
It is illustrated in the attached chart.

On July 23, I started trading short E/U and G/U, closed E/U around 25 pips, but G/U positions were stuck. There was a power failure in my area, so I stopped trading untill night.

After G/U reached to 2.0020, I saw G/U momentum lost, and price was softening, so I started recue operations. Fast in and fast out, two rounds, and the loss recovered.

About 2:30am( 2:30 pm NY time), I went to sleep with scout and first attack without babysitting, because:

1st, volitily would become small, extremely difficult to make profits,
2nd, the loss was covered already, even 100 pips more against my scout and first attack, it is no problem, still under loss control;
3rd, I need a rest to restore energy, alert to fight next day.

On July 24, my time was coming, everything went well, except attack level 3. I didn't make much from attack L3 due to worries of strong pullback--- most positions close around 9860.

David
With that 2.0020 area you say you "saw momentum lost", let me ask you, were you also feeling the pulse of the market at that time or was it mostly by sight?
  • #3,991
  • Jul 27, 2008 3:33am Jul 27, 2008 3:33am
Quoting luSan

so prior to the news...get out...see how PA react to the news...follow PA...wave attack..bank your pips and get out....this is a set of rules..right?

Why do I need a computer to do this for me?...sometimes the news does nothing...other times it goes the wrong way...so I must follow PA...If I do...when do I get out...with a non linear market, models cannot reliable tell me when to get in and when to get out...I need to keep making adjustment and there non-mechanical is back...so self defeating...

What am I saying? The day that the market could be trade with machines, that day the market will stop and vanish...

Regards
something about algorithmic trading ,

According to financial consultancy Celent estimates, by 2008 up to 25% of all trades by volume will be executed using algorithm, up from about 18% in 2005 - wikipedia (forex trading - a good read)

my opinion says algorithmic trading can not be ignored , sure human trader is far better since we can adapt ourselves to everchanging condition of the market

as lusan said there cannot be 1 same software running the market , that would result in the lost of efficiency , therefore no banks or institutions would share their algorithmic trading system to anyone at any cost ,

only thing is that as the market changes the algorithm needs to be redeveloped again and again (even complex nlp software needs to be re tuned from time to time) , making it a very costly maintenance in the long run ...

that all being said there may be supercomputers running trades out there but they cant beat our human mind ... just yet
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,992
  • Jul 27, 2008 4:37am Jul 27, 2008 4:37am
Quoting luSan
fti, just watching a movie, "Cast away." Checked computer and saw your message.

No problem here...Passed last year deeply into philosophy...came to crazies conclusions...still life is umpredictable, changes come from nowhere and lead us into unexpected directions...there is wisdom everywhere...the more I trade, the more I find trading is a metaphore for life...it is a religious experience...those who do not understand should consider returning to indicators.

No regret here...you OT?... I learned in your thread more than I ever learned on all my reading...Keep send your stories...Thanks...
----------------------------------

Jairo, computer trading?....chess is pretty linear...the currency market is non-linear...it trends then rests and that rest changes into going either north or south depending on unpredictable economical events...models will not work but AI rules base system will work...AI rule based system is no more than a human expert in a box...

The problem? If such a AI software could be developed, all traders would use it...so..Figure that everybody is selling a the same time Dollars because they have such a system, who would buy the dollar?...Clearly nobody...trading would stop...there you have it...the end of the market...Paralysis...still some rules are possible and some probabilities are useful..that is what fuzzy logic is all about...but I forgot that I already have such a computer...behind my 2 eyes!!!...

so prior to the news...get out...see how PA react to the news...follow PA...wave attack..bank your pips and get out....this is a set of rules..right?

Why do I need a computer to do this for me?...sometimes the news does nothing...other times it goes the wrong way...so I must follow PA...If I do...when do I get out...with a non linear market, models cannot reliable tell me when to get in and when to get out...I need to keep making adjustment and there non-mechanical is back...so self defeating...

What am I saying? The day that the market could be trade with machines, that day the market will stop and vanish...

Regards
Hi Lusan,
Thanks for your kind words.
I can relate.

But I must warn that I cannot see that which the people here are not telling me. So in fact , I am never sure if anyone's got the messages as its supposed to be. So I will leave that responsibility for the people yourself to check and sustain, the methodology that you internalise.

But if they build slowly as you are doing. Then the probability that they may learn from their experiences to verify that they are doing correctly. The best gauge is consistency of profitability without major headons with market trend, as the markets trys to outwit us, even I have to be on my toes that, I do not become obsolete.

regards.
  • #3,993
  • Jul 27, 2008 4:39am Jul 27, 2008 4:39am
hello everyone

look what I found when having a little snoop around the forum. It scared me so much I ran back here very quickly

really not being unkind but it does make me appreciate how lucky we are to have found fti and his wonderful lessons.

joy
Attached Image
  • #3,994
  • Jul 27, 2008 4:42am Jul 27, 2008 4:42am
Quoting lilpip
With that 2.0020 area you say you "saw momentum lost", let me ask you, were you also feeling the pulse of the market at that time or was it mostly by sight?
Acutually both.

You can see weakness in PA and confirmed by E/U and U/J(three kingdoms), and if you observed many price patterns, you will get correct feeling of such market pulse.

David.

@FTI,

I forgot to ask you a question. On Friday, before E/U touched 1.5750, you said USD bulls were buying USD. What a wonderful observation. How did you see that?

E/U was actually going up even though the impuls was not strong.

David
  • #3,995
  • Jul 27, 2008 4:47am Jul 27, 2008 4:47am
Quoting Green_David
Dear FTI, and all:

On July 23, and July 24 I mainly traded G/U and make a success.
It is illustrated in the attached chart.

On July 23, I started trading short E/U and G/U, closed E/U around 25 pips, but G/U positions were stuck. There was a power failure in my area, so I stopped trading untill night.

After G/U reached to 2.0020, I saw G/U momentum lost, and price was softening, so I started recue operations. Fast in and fast out, two rounds, and the loss recovered.

About 2:30am( 2:30 pm NY time), I went to sleep with scout and first attack without babysitting, because:

1st, volitily would become small, extremely difficult to make profits,
2nd, the loss was covered already, even 100 pips more against my scout and first attack, it is no problem, still under loss control;
3rd, I need a rest to restore energy, alert to fight next day.

On July 24, my time was coming, everything went well, except attack level 3. I didn't make much from attack L3 due to worries of strong pullback--- most positions close around 9860.

David
Hi David,
Form your trades posted, I see that you may have the basic concept correct.
However , that I am alittle worried that you may have been too aggressive.

I bring your attention to the 3 attack, ie last attack on your charts. That is verny not prudent. as a matter a fact that is the last and concluding was by all count, That should never be a attack. Tradable but you must be aware that since that is last wave by any count methdology, that it should be a re scouted attempted with downsized skews.You seem very aggressive, the agression seems a little out in that when where the 3 nd attack was deployed, there were multiple abilities for strong attack.

What am trying to say is that from a hindsight perspective that I would howerver had been very aggressive at attck level 2 and 3 would have been up there near level 2, And that your level 3 attck would for me had been a scout and reki zone.

However, if you keep to thos mindset, with a watch out on the aggresion, esp when the run hasd done more than 2 wave, It would stand you good.

regards
  • #3,996
  • Jul 27, 2008 5:10am Jul 27, 2008 5:10am
Quoting fti
Hi David,
Form your trades posted, I see that you may have the basic concept correct.
However , that I am alittle worried that you may have been too aggressive.

I bring your attention to the 3 attack, ie last attack on your charts. That is verny not prudent. as a matter a fact that is the last and concluding was by all count, That should never be a attack. Tradable but you must be aware that since that is last wave by any count methdology, that it should be a re scouted attempted with downsized skews.You seem very aggressive, the agression seems a little out in that when where the 3 nd attack was deployed, there were multiple abilities for strong attack.

What am trying to say is that from a hindsight perspective that I would howerver had been very aggressive at attck level 2 and 3 would have been up there near level 2, And that your level 3 attck would for me had been a scout and reki zone.

However, if you keep to thos mindset, with a watch out on the aggresion, esp when the run hasd done more than 2 wave, It would stand you good.

regards
Thanks. I understand what you mean. You are absolutely right.

In fact, my Level 2 attack was not strong, so I didn't make a strong killing.

On attack Level 3, you are right, it is very dangrous.

I re-deployed about half positions compared to total positions of attack L1 and L2. And I didn't feel comfortable at all after L3 attack. So, when G/U somewhat slowed around 9860, I closed most positions, making pips from 0 to 15 pips. See, I didn't make much from L3 attack.

When G/U reached around 9840, I closed the scout, and squared.

And on Tuesday, I also made attack on E/U around 1.5881. But unfortunately, I closed most position @1.5843. I had no strong willing when there was a killing opportunity. In fact, the PA didn't show any reason to close, maybe it is due my worry that the market will take back my profits.

Thanks again. I am still learning and refining. I made great progress from your teaching. BTW, I have only 2.6 years of part-time trading forex.

David
  • #3,997
  • Jul 27, 2008 5:18am Jul 27, 2008 5:18am
Quoting maheswara
something about algorithmic trading ,

According to financial consultancy Celent estimates, by 2008 up to 25% of all trades by volume will be executed using algorithm, up from about 18% in 2005 - wikipedia (forex trading - a good read)

my opinion says algorithmic trading can not be ignored , sure human trader is far better since we can adapt ourselves to everchanging condition of the market

as lusan said there cannot be 1 same software running the market , that would result in the lost of efficiency , therefore no banks or institutions would share their algorithmic trading system to anyone at any cost ,

only thing is that as the market changes the algorithm needs to be redeveloped again and again (even complex nlp software needs to be re tuned from time to time) , making it a very costly maintenance in the long run ...

that all being said there may be supercomputers running trades out there but they cant beat our human mind ... just yet
Hi maheswara,
I think you missed the point, and the report that you refered cannot be accurate.

There is a big differnece between computer filled trades and computer generated trading ( whereby the computer outputs the decision process).
You see, even when I was at the banks much of our trades were dealt thru the reuters Direct dealing consoles, Bank to Bank. The fact is that the fills (execution) are done on computer consoles, and would be deemed computer fills. It would be impossible for any external persons to access the data, on if, the trade decision process were computer generated. The information is the banks activities secrets.No sane treasury head would reveal the information.It would stand the reseacher to guesstimate the population of the world.I don'[t yhink they have the capacity to do so even with their tech, yet. It is therefore that I find it difficult to accept the findings.At best this activity may keep the consiultants employed generating ghost figures and guesstimates. If they need more work, maybe they would like to figure our how may people trade technical indicators and how many trades the fundamental aspects and the volume that is generated. Just my 2cts.



regards
  • #3,998
  • Jul 27, 2008 5:22am Jul 27, 2008 5:22am
Quoting joypips
hello everyone

look what I found when having a little snoop around the forum. It scared me so much I ran back here very quickly

really not being unkind but it does make me appreciate how lucky we are to have found fti and his wonderful lessons.

joy
Hi joypips,
OMG , what a lovely piece of art, whonderr how much it could fetch at Sothebys auction. just jesting.

Thanks for the realisation and your kind words.

regards
  • #3,999
  • Edited 5:54am Jul 27, 2008 5:27am | Edited 5:54am
Quoting Green_David
Acutually both.

@FTI,

I forgot to ask you a question. On Friday, before E/U touched 1.5750, you said USD bulls were buying USD. What a wonderful observation. How did you see that?

E/U was actually going up even though the impuls was not strong.

David
Hi David, I believe you are referencing the top of the retrace turn. There I detected 2 failure sweeps as well as deep candle tails, moreover the pulse than I believe I felt that the sweeps hit something , as it paused for a little before sharp down shades of the Eur/USD, prompting heavy selling activity.

Can't remember in great detail, generally that was the tempo then. Moreover we had the USD bull overhang fundamentally.

regards

gotta rest for tomorrow's battles.
Goodnight.
  • #4,000
  • Edited 1:11pm Jul 27, 2008 7:32am | Edited 1:11pm
Quoting luSan
Jairo, computer trading?....chess is pretty linear...the currency market is non-linear...it trends then rests and that rest changes into going either north or south depending on unpredictable economical events...models will not work but AI rules base system will work...AI rule based system is no more than a human expert in a box...

>>>That is one of the key points here. Machine trading needs not be mechanical pre-defined rules

The problem? If such a AI software could be developed, all traders would use it...so..Figure that everybody is selling a the same time Dollars because they have such a system, who would buy the dollar?

>>> Thousands of traders would use thousand of different trading softwares. More than 2000 people enrolled for the Automated Trading Championship version 2007. The machine trading group is growing and is so diversified as human beings are.

...Clearly nobody...trading would stop...there you have it...the end of the market...Paralysis...still some rules are possible and some probabilities are useful..that is what fuzzy logic is all about...but I forgot that I already have such a computer...behind my 2 eyes!!!...

so prior to the news...get out...see how PA react to the news...follow PA...wave attack..bank your pips and get out....this is a set of rules..right?

Why do I need a computer to do this for me?

>>> You are fast. I am slow. But computers are even faster than any of us.

...sometimes the news does nothing...other times it goes the wrong way...so I must follow PA...If I do...when do I get out...with a non linear market, models cannot reliable tell me when to get in and when to get out...I need to keep making adjustment and there non-mechanical is back...so self defeating...

What am I saying? The day that the market could be trade with machines, that day the market will stop and vanish...

>>>As I said before, I do not believe in one dominant trading software but in an ever growing "robot community". Computers destroyed our typewriters, robots are beginning to invade our homes, we are highly dependant right now. See the daily advances in robotics. I don't think they will remain in the losing side of the trades forever. If we decide to ignore the revolution we may be smashed by it.
Regards
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