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  • #379,401
  • Feb 3, 2011 8:34pm Feb 3, 2011 8:34pm
to vlady and the algoritms,

the problem is that the input is so large and unfortunately the problem is NP complete, so no known algorithm can solve the problem in less than exponential time. few people understand this very simple fact when it comes to EAs.
  • #379,402
  • Feb 3, 2011 8:34pm Feb 3, 2011 8:34pm
Quoting Robert99
You seem to be unsure of certain things. Everyone has their own style. You need to have longer profit runs. A few changes in your approach would do wonders for you. Send me a PM and I will share a plan with you. I could post it here if you like however there are many many experts here who might want to disagree. Either way let me know.

Trading only technically and with price action is not dealing with other very important trading issues. I only comment having just read your post and understand what you are doing wrong.
post any one month with some historical trades. The best traders I've ever watched are pure tech mechanical traders that trade like a sociopath. No emotion whatsoever.
  • #379,403
  • Feb 3, 2011 8:42pm Feb 3, 2011 8:42pm
Quoting attila
to vlady and the algoritms,

the problem is that the input is so large and unfortunately the problem is NP complete, so no known algorithm can solve the problem in less than exponential time. few people understand this very simple fact when it comes to EAs.
Hive logic.
  • #379,404
  • Feb 3, 2011 8:45pm Feb 3, 2011 8:45pm
Quoting attila
to vlady and the algoritms,

the problem is that the input is so large and unfortunately the problem is NP complete, so no known algorithm can solve the problem in less than exponential time. few people understand this very simple fact when it comes to EAs.
Totally agree.
A pip is only worth it if you know how much you risked to earn it
  • #379,405
  • Feb 3, 2011 8:49pm Feb 3, 2011 8:49pm
Quoting johnnyarnold
post any one month with some historical trades. The best traders I've ever watched are pure tech mechanical traders that trade like a sociopath. No emotion whatsoever.
When I trade real funds or even demo funds there is no difference for me.

I do not trade with the same emotions as most trader's since the trades are about winning money and nothing else. I do not see the money as money when I trade so I trade with no fear. I do not count the money to spend it so I have no greed. My results just confirm I am trading properly.

Posting my results will prove nothing since I need no confirmation of my skills from anyone here. I am not here to make trade calls however I will share my trading thoughts without knocking someone who trades differntly than I.

I hope you understand my point of view. I am sure you are correct however there are 10% out there that win and I guarantee that they are not all technical trader's.

If you make money keep your style and be happy.
  • #379,406
  • Feb 3, 2011 8:51pm Feb 3, 2011 8:51pm
whatever it is, the problem still remains NP Complete. there is a Nobel Price out there for whoever solves an NP Complete problem in logarithmic time. the most interesting fact is though, that there is NO mathematical proof that an NP complete problem can not be solved in logarithmic time. moreover if ONE NPC problem can be solved that way, then ALL (and there are a lot of these problems we are trying to solve, heck everything major is an NPC problem) can be solved in less than exponential time.

exponential time = e (x) --> e at the power of x where x is the size of the input.

edit: maybe quantum computers would not care much about the exponential issue, but we know there's a very long way to there.
Quoting PriceVolume
Hive logic.
  • #379,407
  • Feb 3, 2011 8:53pm Feb 3, 2011 8:53pm
Quote
Hey LDRE,

As a newbie myself, I can vouch for Clog's real time calls. The best advice he gave that I took on board - in my opinion - is the fact that EURUSD moves in 20 pip waves. So on an intraday basis, provided you have confidence in your levels (S/R, Fibs, Murrey Math, whatever) you can set targets based on a multiple of 20pips. I cannot tell you enough how much this is gold.

May not be scientific, but we just moved exactly 20 pips off the lows and then stalled.
  • #379,408
  • Feb 3, 2011 8:54pm Feb 3, 2011 8:54pm
Absolute truth..trading is about believe and also trust the system You have....
I did live trading...failed..now I do practising..learning..and getting better...

Quoting Robert99
When I trade real funds or even demo funds there is no difference for me.

I do not trade with the same emotions as most trader's since the trades are about winning money and nothing else. I do not see the money as money when I trade so I trade with no fear. I do not count the money to spend it so I have no greed. My results just confirm I am trading properly.

Posting my results will prove nothing since I need no confirmation of my skills from anyone here. I am not here to make trade calls however I will share my trading thoughts without knocking...
  • #379,409
  • Feb 3, 2011 8:56pm Feb 3, 2011 8:56pm
1) Money management is king.
2) Trade a system that fits your personality.
3) Use stops and profit targets. (DON'T MOVE THE STOP)
4) Trade a mechanical approach. It removes emotion.
5) Don't trade during the news - it's a suckers game.
6) Patience is key.
7) Trade less make more.
8) Pull your stops TOWARDS your trade not away. Stops aren't the enemy margin is.
9) You don't know where the market is going - stop guessing. You want to pick nice bottoms and tops then take your money to a strip club where it will be better spent.
10) Your trading history shouldn't look like an ekg... if it does you probably suck and are very lucky.
  • #379,410
  • Feb 3, 2011 8:59pm Feb 3, 2011 8:59pm
Quoting Robert99
When I trade real funds or even demo funds there is no difference for me.

I do not trade with the same emotions as most trader's since the trades are about winning money and nothing else. I do not see the money as money when I trade so I trade with no fear. I do not count the money to spend it so I have no greed. My results just confirm I am trading properly.

Posting my results will prove nothing since I need no confirmation of my skills from anyone here. I am not here to make trade calls however I will share my trading thoughts without...
Anyhow. I was probably a little hard you. I'm guessing there are some very good fundie traders... I've just have never seen any. Have a good day.
  • #379,411
  • Feb 3, 2011 8:59pm Feb 3, 2011 8:59pm
Quoting capetown
Absolute truth..trading is about believe and also trust the system You have....
I did live trading...failed..now I do practising..learning..and getting better...
What size is your demo account. What percentage of your capital do you use. What is your MAXIMUM risk on each trade plan. Do you enter a STOP for every trade that you do. What is your monthly profit goals. Do you use a trade plan. Can you actually stay out of the markets on Fridays.

I will be glad to answer any questions you might have. How many pairs do you trade.
  • #379,412
  • Feb 3, 2011 9:05pm Feb 3, 2011 9:05pm
Quoting johnnyarnold
Anyhow. I was probably a little hard you. I'm guessing there are some very good fundie traders... I've just have never seen any. Have a good day.
The RULES you posted are GREAT. They apply to both types of traders here whether technical, fundamental or a combination of both.

THE KEY is simply DISCIPLINE.

Keep up the good posts. We can all learn from each other and still have different points of view. We agree so be well. If we do not agree that is fine as well. I have NO IDEA for the moment if EUR/USD will go up or down and when I form my opinion then and only then will I do a trade.
  • #379,413
  • Feb 3, 2011 9:06pm Feb 3, 2011 9:06pm
I don't know why I don't go to sleep now but this is just too good.

Robert thanks for the suggestions and approach.
I can tell you that your very first sentence of the plan is my biggest problem. "Having a good entry". It's the challenge that I face and whilst I don't yet have it figured out, I enter the market using old hag methods such as breakouts and EMA crosses etc.

All trades are placed with a stop loss (currently at 20 pips off entry).
Once price is in the money, I move stop loss to BE. Lately I have set TP1 to 40 pips so once price has surpassed 20 pips, S/L is moved to 10+ above entry. once TP1 is hit, if it is more than one position I close and let the rest go. Since taking a small hit last week, I've limited myself this week to one position so my current TP is set to 40. Again, I know intellectually that it is better to let profits run - I am learning this slowly. I caught a 60 pip run today so it's not like I'm not trying.

But my crux is entry point. I am trading via a chart which is not where I do my analysis at night. It's a spreadbet platform during the day on a naked chart with SR lines and 3 EMAs (200, 55, 21) as opposed to MT4 client at home - part of the problem I am still working on. I do not understand fundamentals as well as I should do... part of the problem I am working on. I trade during my work hours which is hectic.... also part of the problem I am working on. I've not yet come across a decent EOD strategy so I won't entertain those. I have a preference for Murrey Math lines - but these do not give me "triggers" to trade, just alarms. I'd rather learn to read Price Action and learn when to enter the market, no matter what the time frame.

I look to those traders that show how/when/why they enter their trades. I align with those that are more in line with my style. This isn't an exact science. But I will keep trying to improve myself cos I'm determined to be a better trader.



Quoting Robert99
I make the following assumptions based on my observations of his trading style. The trading concerning movements of 20 pips I have no comment on since I never verified this for myself. I assume our friend has some skills using price action and technicals. That being the case having a good entry should put him in a good position. Then he needs to place his stop NOT to be moved in case his Trade Plan was wrong. Once he sees he made a good entry he should lower his stop to lock in at least 10 or 15 pips of profit. That way when he gets a good run he...
A pip is only worth it if you know how much you risked to earn it
  • #379,414
  • Feb 3, 2011 9:07pm Feb 3, 2011 9:07pm
PhAnTi bull boy is spanked by his wife over night, just joke
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  • #379,415
  • Feb 3, 2011 9:08pm Feb 3, 2011 9:08pm
Quoting Magix
During the lull of trading night before NFP, I think we could all use something to occupy our time...

Why not just share with the group Robert...

Looking forward to it!

Your thoughts on my posts. I was suspended by a senior member for posting a chart with a watermark on it. I just started posting again on February 1, 2011.
  • #379,416
  • Feb 3, 2011 9:12pm Feb 3, 2011 9:12pm
Quoting Robert99
Your thoughts on my posts. I was suspended by a senior member for posting a chart with a watermark on it. I just started posting again on February 1, 2011.

If that watermark was to a website that sold signals, then that's the reason.
  • #379,417
  • Feb 3, 2011 9:12pm Feb 3, 2011 9:12pm
Quoting vlady1974
I don't know why I don't go to sleep now but this is just too good.

Robert thanks for the suggestions and approach.
I can tell you that your very first sentence of the plan is my biggest problem. "Having a good entry". It's the challenge that I face and whilst I don't yet have it figured out, I enter the market using old hag methods such as breakouts and EMA crosses etc.

All trades are placed with a stop loss (currently at 20 pips off entry).
Once price is in the money, I move stop loss to BE. Lately I have set TP1 to 40 pips so once price...
I would prefer if you would open a demo account and I will give you fundamental entry points with stop loss and why you are doing the trade. Once you have confidence you can do real trades. Let me know and get some rest.
  • #379,418
  • Feb 3, 2011 9:14pm Feb 3, 2011 9:14pm
I would like to add one more thing concern trading from " newbies " like I was a 4, 5 years ago and then later I needed to stop like You got on Your message.
I got to pair GBPJPY!!! Everyone told me , a lot of money and etc...good place to make money..everyone said a lot of pips..I change I trade NOW EURUSD, GBPUSD and that is it.. at this moment. Concentrate for two pairs and that is it for now...
Due to the fact of lack of time to trade, I have only two pair.
Marcel
Quoting Robert99
What size is your demo account. What percentage of your capital do you use. What is your MAXIMUM risk on each trade plan. Do you enter a STOP for every trade that you do. What is your monthly profit goals. Do you use a trade plan. Can you actually stay out of the markets on Fridays.

I will be glad to answer any questions you might have. How many pairs do you trade.
  • #379,419
  • Feb 3, 2011 9:15pm Feb 3, 2011 9:15pm
Quoting GulfCoastPip
If that watermark was to a website that sold signals, then that's the reason.
Twee really was gentle with the strap. When I posted the chart I did not notice the watermark. It was within seconds I got suspended before I could delete the post. Kill tried to help but it was too late. I am more careful now. Thanks for the comments.
  • #379,420
  • Feb 3, 2011 9:18pm Feb 3, 2011 9:18pm
sorry to butt in, but have you ever thought to turn everything on it's head? disregard the entries and focus on exits? you can never have a perfect entry and the reason is simple: if you are trading m15 for instance, and you want long, m5 could very well be at the top of it's move and your SL is taken out by the retrace on m5 or m1 for that matter. however after the lower TFs do their dance, the price start moving in your favor on your m15. unless you trade the 1 min, 30 seconds charts you can very rarely nail the entry. it's just a different para-dime from what it's being taught here.

Quoting vlady1974
"Having a good entry". It's the challenge that I face and whilst I don't yet have it figured ou
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