DislikedI am not sure myself, but you can click the box with the paperclip at the top of the page on the right and it will list all the attachments by date.Ignored
- #4,441
- Oct 1, 2009 8:54pm Oct 1, 2009 8:54pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- #4,442
- Oct 1, 2009 10:46pm Oct 1, 2009 10:46pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
The humour is really not the issue.....I like it as much as anybody else. So dont stop joking, but you might incorporate it in your trading posts....
You're right . . . for awhile, it seemed like a two-way conversation with everyone else on the sidelines waiting for Ace. Frankly, as much as I enjoy hearing your thoughts, we might as well have called each other . . . it's faster than typing. However, now that some others have put their thinking caps on, hopefully the result will be an exchange of information and ideas that benefit all of us.
You mention the hours of back testing . . . was the idea of using the close of the candle a result of that, or are you currently back testing the idea to see if it has merit? I was extremely impressed by the simplicity and logic of that idea, so I was curious how much back testing went into it.
OK, then, it's settled . . . I get to keep my humor (in moderation of course
), and Yonnie gets to keep his sanity.
Greetings from Guanajuato, Mexico
- #4,444
- Oct 1, 2009 11:05pm Oct 1, 2009 11:05pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
I think I hear woody woodpecker coming.
He-he-he-HA-HA . . . See what happens every time I try to be serious?
Pips Addict, I already liked you, but a fellow Woody Woodpecker fan as well? . . . we're like brothers separated at birth.
Greetings from Guanajuato, Mexico
- #4,445
- Oct 1, 2009 11:26pm Oct 1, 2009 11:26pm
- | Joined Nov 2007 | Status: Addicted and proud of it! | 174 Posts
He-he-he-HA-HA . . . See what happens every time I try to be serious?
Pips Addict, I already liked you, but a fellow Woody Woodpecker fan as well? . . . we're like brothers separated at birth.
Aaaahhhhh.... those were the days.
Wait a minute..... that was last Saturday.
And I digress.....
Addicted and proud of it! 
- #4,446
- Oct 1, 2009 11:41pm Oct 1, 2009 11:41pm
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
Greetings from Guanajuato, Mexico
- #4,447
- Oct 2, 2009 12:07am Oct 2, 2009 12:07am
- Joined May 2008 | Status: Trader | 1,158 Posts
o.k. folks, I`m just thinking out loud here.
I was a bit late to the party, but all those people that got on board early made some nice pips because of the volatility in the world markets and subsequently the forex pair GBP/JPY.
What about the future?
I think that the easy pickings are over. The volatility probably will increase in the short term because the markets will retrace 10-20%. From there we might have ranging markets for 2-3 years while the business world is sorting itself out.
And then the booming years to follow.
Will I be wrong?
Wouldn`t surprise me.
The moral of this story is that we shouldn`t expect the good times to come back.
We are now in a ranging market for awhile and by now we all should have a trading system that has been adapted to the current circumstances until the market dictates otherwise.
We trade what we see, not what we expect.
This implies that a good trader never rests and is always comparing the present with the immediate past and adapting as necessary.
Sorry guys, work work work
I was a bit late to the party, but all those people that got on board early made some nice pips because of the volatility in the world markets and subsequently the forex pair GBP/JPY.
What about the future?
I think that the easy pickings are over. The volatility probably will increase in the short term because the markets will retrace 10-20%. From there we might have ranging markets for 2-3 years while the business world is sorting itself out.
And then the booming years to follow.
Will I be wrong?
Wouldn`t surprise me.
The moral of this story is that we shouldn`t expect the good times to come back.
We are now in a ranging market for awhile and by now we all should have a trading system that has been adapted to the current circumstances until the market dictates otherwise.
We trade what we see, not what we expect.
This implies that a good trader never rests and is always comparing the present with the immediate past and adapting as necessary.
Sorry guys, work work work
i know, but still it is nice to keep it simple. it just should be like version a, b, c. for various market conditions.
2005 taking partly prtofits at TP1 should have made it profitable year if i remember corrrectly
However, even in ranging periods like 2005, how are we to know what weeks were going to be ranged, and what weeks were not. My particular modifications allow us to benefit from both ranging and trending conditions.
The way I see it, is why have option A, B, and C, when option D can do all 3 and takes the guess work out of determining trend/range conditions.
Believe me, anyone that says something can't be done... (by this I mean 1 system for it all)
- #4,454
- Oct 2, 2009 1:16am Oct 2, 2009 1:16am
Yen, I think at the time you and I were about the only ones contributing anything worthwhile apart from some posters who joined later.
I believe in work AND play!
Regards
Bal
The dream will never die
- #4,455
- Oct 2, 2009 3:58am Oct 2, 2009 3:58am
- Joined May 2008 | Status: Trader | 1,158 Posts
feel very humbled with the support in this thread; am not used to it.
about Ace....
so he found a system that is 3x as profitable as the old one.
what could he have changed?
now we know that he is a guy who wont change anything in a hurry and I reckon he is not that great on backtesting.
after all it was only after other people suggested to lift the SL to BE when price is at TP1 that he took notice and took his time changing that.
posters also suggested to lower the stop loss and I believe that here he ran with it and was able to get all or the majority of the improvement in profit.
he mentions highest RR is 34: that must have been in the week of 18 January with maximum of around 1650 pips and that suggests a stop loss of around 45-50 pips.
So what happens if your stop loss suddenly drops from 120-150 to 45-50 pips?
Yeah, you guess it, you can increase your position size by 3, risk the same amount of money and make 3x the profit.
Maybe I haven`t covered everything what Ace is doing, but I dont believe that he tweaked more than 1 or 2 variables all of a sudden.
Let me know what you guys think
about Ace....
so he found a system that is 3x as profitable as the old one.
what could he have changed?
now we know that he is a guy who wont change anything in a hurry and I reckon he is not that great on backtesting.
after all it was only after other people suggested to lift the SL to BE when price is at TP1 that he took notice and took his time changing that.
posters also suggested to lower the stop loss and I believe that here he ran with it and was able to get all or the majority of the improvement in profit.
he mentions highest RR is 34: that must have been in the week of 18 January with maximum of around 1650 pips and that suggests a stop loss of around 45-50 pips.
So what happens if your stop loss suddenly drops from 120-150 to 45-50 pips?
Yeah, you guess it, you can increase your position size by 3, risk the same amount of money and make 3x the profit.
Maybe I haven`t covered everything what Ace is doing, but I dont believe that he tweaked more than 1 or 2 variables all of a sudden.
Let me know what you guys think
- #4,457
- Oct 2, 2009 4:06am Oct 2, 2009 4:06am
- | Joined Feb 2009 | Status: Trader | 2,444 Posts
i am already sitting on my bags. the flight is the day after tomorrow.
poor, Yen, he got bullied by Yonnie and other too serious dudes
poor, Yen, he got bullied by Yonnie and other too serious dudes
- #4,458
- Oct 2, 2009 6:47am Oct 2, 2009 6:47am
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
I'd like to play a little game.
Name 1 simple thing that has not needed to be improved or modified. That it's very basic core design in itself was the best possible.
If anyone can come up with 1 thing that started as the best, I for one will stop attempting to modify (at least sharing it) and leave everyone to their own discoveries.
Please, Pharoah, don't try to modify it (air, that is), but it's o.k. to share it.
Greetings from Guanajuato, Mexico
- #4,460
- Oct 2, 2009 6:59am Oct 2, 2009 6:59am
- | Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts
i am already sitting on my bags. the flight is the day after tomorrow. poor, Yen, he got bullied by Yonnie and other too serious dudes
My only point was that I respect Yonnie's posts a lot . . . he helped me to start "Thinking Outside the 4H Box" (which, BTW, is what Pharoah really should have named his revised version/thread
), and if my posts were detracting from the thread and interfering with his thinking process and that of others, then I was willing to change. End of story.I don't think Yonnie or anyone else who complained about the humor is "too serious" . . . we all approach work and trading differently. I've always been able to mix some humor with my trading and it keeps me relaxed, and, I think, trading better. But trading is not a one-size-fits-all concept, and what works for me may not work for all, so I understood Yonnie's point.
However, after talking it over with Yonnie, I think we've arranged a compromise, so I'll try to blend the two a little better.
Homogenized humor . . . that's my goal.
Greetings from Guanajuato, Mexico