Continued from yesterday post at http://www.forexfactory.com/showpost...postcount=2374
Thank you all for the compliments. It is greatly appreciated.
And just a correction that needs to be addressed first. Copernicus was the first scholar to present that the sun was indeed the centre of our solar system about 100 years before Galileo took any further initiative. Apologies for the misrepresentation but my focus was the connection between Aristotle and Galileo.
In the course of next 2 days I will reply to all private messages/emails. My reply might be short but it will be direct and concise.
I hope all readers had some time to digest and soak what I have posted yesterday. If you are looking for answers, Im confident you will find something of value in the information. Rest assured, none of the information I represent is something that I have personally created but it is a 'set course of trading habit/ideology/principal' that has existed amongst the succssful traders over the course of centuries. Technology have advanced forward but the principal of trading remains the same against the test of time.
If you are still searching for answers like a flow chart of solutions then you will need to fail (and hopefully only once or twice) before realization. Your failure is not my best interest however to learn how to run, falling few times finally gives you enough impact both physically/emotionally to never make the same mistake. However, what saddens me is to see potential professional traders, repeating mistakes that is costing them dearly and then to move onto what they believe as a new method seemingly in their perception but then to ofcourse fail again. And they wonder why and how? Perhaps you 'repeat' to fail cause you are 'repeating' the same failed trading principal. Changing timeframe, indicators is not trying a different appraoch. That is basically doing the same as just before that has failed. And ofcourse you know this already but then why would you do it again?
Passing on information about trading is a honour for me. I feel obliged to help fellow traders as I too have received unconditional help when I first started my i/e/d business. Help that has propelled me forward financially that has created a very comfortable life for myself and my family. There is nothing more one could wish for. I feel complete when I review my life endeavours however there is one small knot at the end of my line which I will earnestly complete.
Yesterday, I mentioned the law of uneven distribution. Hope everyone understands that even with 'genuine' 50% win rate (coin toss) you will encounter streaks of losses against you. Please try it. Select heads or tails before tossing a coin 100 times. Keep your choice from the start till end. You will notice:
Amount of wins and losses are similar (there is a reason why it is not exactly 50% head and 50% tail at end of 100 tosses but irrelevant information to trading) after 100th toss. BUT the 'occurences' of your wins and losses are unevenly distributed. Huh? So..?
Well.. its the same in trading.
Even with a 50% win rate you will still face streaks of losses and streaks of wins. They are grouped together and then dispersed evenly then grouped together again. It is these groups of 'streaks' that professionals take advantage of. And this groups of 'streaks' is called an irregularity of price movement. Market is neutral and universal which is true over the course of thousands of candles, months, years, decades, centuries. But on given selected time period there are 'moments' that lasts days, weeks, hours (pending on your chosen 'scale'. Remember scale?) that can be taken advantage of. When this given moment/opportunity is 'depleted' then the market will swiftly make up for it and balance the upset (a.ka price returning to MA).
If streaks of wins on a coin toss is translated into our forex charts, it would be the compelling mometum/trend of the price.
If consolidation (head wins once, then tails and then back to heads) of wins/losses of a coin toss it would be translated into our forex charts as range/consolidation of price.
Its the exact same.
Irregularity of price movement is your edge. Large financial institutions plug in countless models into their data to find this edge/irregularity. They macro control the movement of the markets. And you will be pleased to know you could do it also.
I would like one volunteer who has the time and patience to assist me for the next week or two in bringing something important for the rest of the readers.
This volunteer must be able to post charts and edit them and have the time to place trades accordingly.
First come, first serve basis and I will let this volunteer know what is required in the thread. All charts and results will be posted by the volunteer live into the thread for the viewing of all.
Hope this intended project keeps the explanation tight and direct to the rest of the community.
Please place your hands up if you wish to participate with me.
Sincerely,
Graeme
Thank you all for the compliments. It is greatly appreciated.
And just a correction that needs to be addressed first. Copernicus was the first scholar to present that the sun was indeed the centre of our solar system about 100 years before Galileo took any further initiative. Apologies for the misrepresentation but my focus was the connection between Aristotle and Galileo.
In the course of next 2 days I will reply to all private messages/emails. My reply might be short but it will be direct and concise.
I hope all readers had some time to digest and soak what I have posted yesterday. If you are looking for answers, Im confident you will find something of value in the information. Rest assured, none of the information I represent is something that I have personally created but it is a 'set course of trading habit/ideology/principal' that has existed amongst the succssful traders over the course of centuries. Technology have advanced forward but the principal of trading remains the same against the test of time.
If you are still searching for answers like a flow chart of solutions then you will need to fail (and hopefully only once or twice) before realization. Your failure is not my best interest however to learn how to run, falling few times finally gives you enough impact both physically/emotionally to never make the same mistake. However, what saddens me is to see potential professional traders, repeating mistakes that is costing them dearly and then to move onto what they believe as a new method seemingly in their perception but then to ofcourse fail again. And they wonder why and how? Perhaps you 'repeat' to fail cause you are 'repeating' the same failed trading principal. Changing timeframe, indicators is not trying a different appraoch. That is basically doing the same as just before that has failed. And ofcourse you know this already but then why would you do it again?
Passing on information about trading is a honour for me. I feel obliged to help fellow traders as I too have received unconditional help when I first started my i/e/d business. Help that has propelled me forward financially that has created a very comfortable life for myself and my family. There is nothing more one could wish for. I feel complete when I review my life endeavours however there is one small knot at the end of my line which I will earnestly complete.
Yesterday, I mentioned the law of uneven distribution. Hope everyone understands that even with 'genuine' 50% win rate (coin toss) you will encounter streaks of losses against you. Please try it. Select heads or tails before tossing a coin 100 times. Keep your choice from the start till end. You will notice:
Amount of wins and losses are similar (there is a reason why it is not exactly 50% head and 50% tail at end of 100 tosses but irrelevant information to trading) after 100th toss. BUT the 'occurences' of your wins and losses are unevenly distributed. Huh? So..?
Well.. its the same in trading.
Even with a 50% win rate you will still face streaks of losses and streaks of wins. They are grouped together and then dispersed evenly then grouped together again. It is these groups of 'streaks' that professionals take advantage of. And this groups of 'streaks' is called an irregularity of price movement. Market is neutral and universal which is true over the course of thousands of candles, months, years, decades, centuries. But on given selected time period there are 'moments' that lasts days, weeks, hours (pending on your chosen 'scale'. Remember scale?) that can be taken advantage of. When this given moment/opportunity is 'depleted' then the market will swiftly make up for it and balance the upset (a.ka price returning to MA).
If streaks of wins on a coin toss is translated into our forex charts, it would be the compelling mometum/trend of the price.
If consolidation (head wins once, then tails and then back to heads) of wins/losses of a coin toss it would be translated into our forex charts as range/consolidation of price.
Its the exact same.
Irregularity of price movement is your edge. Large financial institutions plug in countless models into their data to find this edge/irregularity. They macro control the movement of the markets. And you will be pleased to know you could do it also.
I would like one volunteer who has the time and patience to assist me for the next week or two in bringing something important for the rest of the readers.
This volunteer must be able to post charts and edit them and have the time to place trades accordingly.
First come, first serve basis and I will let this volunteer know what is required in the thread. All charts and results will be posted by the volunteer live into the thread for the viewing of all.
Hope this intended project keeps the explanation tight and direct to the rest of the community.
Please place your hands up if you wish to participate with me.
Sincerely,
Graeme
