DislikedI have read many of her papers and spoke to her a few times as well. The papers are well done...Ignored
when did this happen, Sir?
Thanks!
An Edge for an Edge (System Development) 113 replies
1% Money Management is a myth, fib is a myth and so on.. 45 replies
Real ECN/STP Brokers Wtih 0.01 Lot = Myth or Reality? 24 replies
"Never turn a winner into a looser" - Myth or Reality? 32 replies
The 2/1 risk/reward MYTH... 44 replies
DislikedI have read many of her papers and spoke to her a few times as well. The papers are well done...Ignored
DislikedTrue, but this fact then implies, that you wont generall y find any edges reading a book. However, one cant rule out the possibility that some on the forum might once in a while shed some light on edgesIgnored
Dislikedwell, let me throw something out there. you dont NEED an edge. if an edge was absolutely neccesary to make money, the market wouldn't exist. think about it, the market exists because people are still trading and making money. not everyone making money can have an edge, otherwise it wouldnt be an edge. fromt that theory you dont NEED and edge to be a successful trader. an edge can make you successful faster maybe, but you dont need one to be successful. it will just take time.Ignored
Dislikedthe only edge I know of seriously is MM it works across all entry techniques and allows anyone to make money as long as u trust it. which is pretty much i think that blacksun is getting at. get in the market... cut losses let winners run... keep leverage low.. in finance school we had bloomberg guy come in when I was taking the classes for the certificate... and he was like "run all the backtests you want unless u can cut your losses and let winners run your not gonna make money."Ignored
DislikedTry searching for this research paper :
"Currency orders and exchange-rate dynamics:
explaining the success of technical analysis"
by C. L. Osler
It is quite a well researched and detailed description of how and why various orders tend to cluster at or just beyond round numbers.Ignored
DislikedSorry but MM is not an edge. MM can NEVER EVER EVER turn a losing system with no edge into a winning one. Over the long run it will eventually lose. This is just math(search Hanover on these boards for him proving this many times math wise for the skeptics of math). Saying cut your losses and let winners run is getting into a method and is not MM.Ignored
DislikedLet me preface this by saying that I am not yet a consistently profitable trader. I mostly trade demo accounts or tiny lot-sizes. I've tried many systems, written numerous EAs and have most recently been developing a manual trading system of my own. This system appears, on my manual back-testing to be profitable, but I am hoping to code most of it so that its true efficacy can be tested without any allowance for human "curve-fitting". This brings me to my thoughts on the trader's edge.
There are some accepted "truths" in the forex world....Ignored
DislikedK ill make sure to tell the firm that we are operating on a lie.. and will eventually go bankrupt after a 3 year winning streak through some of the hardest trading periods ever. oh yeah I got a list of people you should call and correct to.. like new york institute of finance thats one of the most respected trading schools look up the book millionare traders... youll notice each one came from the same new york institute of finance... but call them and tell them they are wrong... oh yeah call penn state university and bloomberg and call Upenn..Ignored
DislikedWOW! Are you really arguing that a negative expectancy system can be profitable with good money management? Because that is all MBQB11 was saying.Ignored
QuoteDislikedand do not over expose and only take when the trade is mature
DislikedWOW! Are you really arguing that a negative expectancy system can be profitable with good money management? Because MBQB11 was saying that a negative expectancy system will lose no matter how good the MM is.
You do know what 'negative expectancy' means right?Ignored
DislikedHey I know why I never peek over this side anymore. Sorry to disrupt.
Best of luck all
MikeIgnored
Dislikedjust by saying negative expectancy system.. or postive expectancy system you are railroading yourself into losses... gamblers think well I can use Win rate*distance from entrace*price per pip=x$ and loss rate * loss distance from entrace*price per pip=y$ and as long as X$-Y$= + return ill make money... but since the market does not operate within those confines neither positive or negative expectancies will ever be positive and negative expectancies in the future.. people seem to think to be a trader I need this awesome entrance point and exit point...Ignored
DislikedA trader's edge, myth or reality ? I believe you can find your answer by studying Efficient Market Hypothesis. Louis Bachelier's theory is that nobody can beat the market except by sheer luck. Later people like Paul Samuelson also widely promoted EMH and it is very well received. He classify those cases of people making above average returns as UNEXPLAINED. I believe till today, it is still "unexplained". And if you look into those unexplained cases, these people do not think that markets are efficient, and that they DO have an edge, people like...Ignored
Dislikedthe only edge I know of seriously is MM it works across all entry techniques and allows anyone to make money as long as u trust it. which is pretty much i think that blacksun is getting at. get in the market... cut losses let winners run... keep leverage low.. in finance school we had bloomberg guy come in when I was taking the classes for the certificate... and he was like "run all the backtests you want unless u can cut your losses and let winners run your not gonna make money."Ignored