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Trading room for not 1Kt 12 replies

Trading Room; 1KT

  • #21
  • May 14, 2009 6:12pm May 14, 2009 6:12pm


crying is for babies

Quoting aediaz1
  • #22
  • May 14, 2009 10:11pm May 14, 2009 10:11pm
Quoting aediaz1

I learned something new today regarding price action from whom I deeply respect, else I would never have bothered to check out since it sound so strange (to me at least). A part of his exit-plan is to exit if a bar suddenly exceeds ATR(14) x 3, no matter red or green bar. I know you will think exactly like I did. The idea is that the market usually takes the opposite direction or range after such a bar. Since he's always right and I'm wrong almost every time I find it worthy a discussion
If you're referring to the B-- C----- exit, then we learned it from the same person. I suspect you are and we did.
  • #23
  • May 15, 2009 8:54am May 15, 2009 8:54am
Quoting aediaz1
looks like i owe som1 some pips...
Imanuel Parsifal
  • #24
  • May 18, 2009 12:06pm May 18, 2009 12:06pm
Quoting sleep1Iopen
Here's a controversial discussion for ya:

Do you use stops?

I guess you have to if your a daytrader strategy type. In and out of 3 or more positions a day, opening a new order at a daily support or resistance point only to reverse cause the strategy isn't optimized for long term fluctuations that occur unexpectedly to 5min watchers.

i use em because i would rather be safe than sorry. of course, i do get stopped out, but i take it as an acceptable risk over those times when i'm away from the pc or some bank drops a couple millions. i'm not one of those guys who will say you have to use a stop everytime though. i have daytraded before with no stops or anything else just for fun and whatnot. just me and my mouse you know? but generally, i would have to say i do.


this is for all you techies out there:

i'm writing up a presentation for a technical analysis thing i'm teaching, and i think i've got everything covered, but if there are an lesser known topics or intersting things out there that you guys know about, could you give me some ideas? here's what i got so far:

Overview
types of charts
basic ideas like trends consolidation and sup-res
methods and tools like breakouts and bounces, fibos and Pivots
chart patterns like wedges, channels, triangles etc.
basic indicators (trend indies, oscillators, and "utility" indies)

of course, i went into more detail on those things but you get the basic idea. i'm sorty of drained right now though and i'm running on caffeine at the moment. any help would be appreciated. i want it to be as in-depth as possible.
  • #25
  • May 18, 2009 3:59pm May 18, 2009 3:59pm
Quoting blacksun1

this is for all you techies out there:

i'm writing up a presentation for a technical analysis thing i'm teaching

[..]
Do you want to go into "quant" stuff?

Here are some stats that might be interesting
http://www.forexfactory.com/showpost...88&postcount=9
http://www.forexfactory.com/showpost...7&postcount=23
  • #26
  • Edited 1:10pm May 19, 2009 10:12am | Edited 1:10pm
Quoting mikkom
Do you want to go into "quant" stuff?

Here are some stats that might be interesting
http://www.forexfactory.com/showpost...88&postcount=9
http://www.forexfactory.com/showpost...7&postcount=23

huh. that's interesting. i've heard of quant but never really got into it. it's funny, a guy i work with has been doing something really similar to that. he's using this thing called Benford's law (i think) which looks at the first digit of a number in a sequence and states that thirty something percent will start with 1, 14 percent with 2, 12 percent with 3, and so on and so forth (google for more info). and what's crazy is that he's been taking the daily ranges and sticking them into benford's law, and it's almost a perfect fit. it's freakin crazy. it's interesting to see that something so random has a non-random organization. also, he's been looking at fibo numbers (not percentages) and they fit exactly. it's a really cool thing to see happen.


EDIT: i called the law murphy's law when i meant benford's law
  • #27
  • Last Post: Feb 23, 2010 5:16pm Feb 23, 2010 5:16pm
Quoting sleep1Iopen
yeah yeah. Those are my thoughts too. Same as the both of you.

Why do people have to look for any flaw, in their mind, when all they have to do is listen? Some people think they are so damn special and need to be heard; for what? To prove a point, feed an ego, can't be creative enough. I dunno. I think I will label these types as perpetual functioning retards with potential. I'm not one to label anyone though. Just saying.

Hope you guys had a good day of trading. Long euro was a good one the last 16 hours.

Cheers
Sorry I touched your ego and your way of trading. I am sure it works fine and hope it will work in the future.
Have a nice year
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