Scalper challenge

Hi Yaed

Could you explain this, please?

Kindest regards
FXcube

Oh sorry my bad, it was this guy hwo posted them. The resemblence was striking there for a while so i mixed up the...heads

http://www.forexfactory.com/showthread.php?t=193727

I fear the Yen, i could try to diverge trade it sometime though. I dont know why i keep doing this, i guess im bored, its not that fun either, reading up on new stuff in the library is more fun.

Today is REALLY volatile, 13 pips beyond 210 on the 14 p exponential CCI, thats pretty crazy stuff, even though it went through 233 and 115 MAs.

Though im not so convinced the 14 period CCI is always the right one to use. I can see reasons to use 6,12, 21 as well as say...70

Hey Yaed, just thought I'd throw this off the wall idea out there and see what you think. This is just spitballing so I'll only cry a little if you think it sucks j/k. We have here a group of traders (scalpers) looking to improve their ability through collaboration. Getting together to put trades on the same account seems like an interesting idea but a logistical problem. I've had a different idea for some time rolling around in the back of my head with regards to sentiment.

Many of you have probably seen sentiment posted by the various brokers. What if a tool were created (it doesn't exist yet) that would allow all the scalpers on this thread to place their trades through a single front-end that would place those trades on MT4 and maybe Oanda, and compile all those realtime stats on a centralized server and make them available to all those who are participating by placing trades?

The idea is that everybody is at a different place in their trading. I'm a terrible scalper most of the time. Some might be very good, some moderately good, and some in the category that I'm in - poor but looking to improve. The idea is to aggregate all the various trading being done by traders into categories through past performance (like the three just mentioned) with position information, and create an overall scalper sentiment strategy (or just indicator like Oanda) that could then potentially be fed back into the front-end to automatically place orders (at the user's discretion) on a separate demo account or display sentiment information.

I'm not sure if that makes sense but gathering up the sentiment data (trades) from the scalpers who participate, and then attempting to aggregate/apply that data either in the form of a strategy, or in the form of general sentiment indicators. If I'm out of bounds with the goals of this thread just let me know but I wanted to put that idea out there and get some feedback.

I can delete my post from today if FXEZ wants it, when I get on sb.'s nerves!. No problem for me!

No worries - I'm the interloper!

Have delete over 10 messages from today.

May be it's better so for some traders here.

Kindest regards
FXcube

I think its a great idea in general.

My hesitation is: I dont want to give some people that dont deserve it (JP Morgan, Bank of america, Citibank, Goldman Sachs, Hedgefunds in general) the upper hand, so im hestitant to posting very specific things, for instance my statements from my real account, and some other things. Its not evident that they care, but assuming they do, i dont want to help them even in the slightest, they are a instrument of destruction of things decent and sane in this world.

But, maybe its worth the risk, and just doing it all public, that would satisfy my karma at least...

Days like today id put a bunch of trades at a thing like that and discuss them and so on. Other days, prime time trading time and such, depending on how things turn out, i would probably stick to my real money account.

A general issue i think is that almost all strategies ive ever read on short term trading, is not something i can see how it would work out. So i cant really say im trading a known strategy, and im not sure its even possible to do so. It would seem to me that almost everything written on the subject is either general BS or subversion BS. On top of that people often dont have the attention span and the tenacity to work hard and learn, and as a result people present "strategies" as if they would work, when apparently from just looking at a chart with said "strategy" applied, it dont.

That makes me conclude this:

If a succesfull strategy would ever be presented openly it would stop being succesfull or it would stop being presented.

Now im not sure how exactly it comes to be that a succesfull strategy stops being presented. I have looked around and come to some small conclusions, and those arent pretty. How it stops being succesfull, well market changes for one reason or the other. Now i havent found any good evidence for that either, as far as i am concerned, it dont change. That doesnt mean its the same all the time, but the basic elements are the same, so making a strategy work again is a matter of adaption and tuning.

Now of course some strategies work better then others, the more specific they are, the more specific conditions they need to be succesfull. But a good short term strategy works 7-17 London time, exception of news and maybe conferences. If however im proven wrong, i will give up and do something more sane then trade currencies, perhaps go live with indigenous amazon indians or try to get into Bhutan if they would let me in. I thought also about getting into a tibetan buddhist chantry, but i think their view on women and sex are downright idiotic (I couldnt bring my wife, even if she wanted to come, though i doubt she would like to).

You decide. I think people must always take responsibility for their own actions, if someone does something unthoughtfull after reading your or anyonelses posts, its their own fault, not yours. What ever makes you comfortable

This is how i take my demo account to dinner when ive been naughty to it and done some dumb H1 deals with it.

Looks like city of London wanted price above 5 days MA or something, im just guessing here i dont really know why they do all this in technical terms. Now its probably going at that magnum line 1.357 (Caliber 0.357 inch is called "magnum" right?)

Or not luckily i dont have to rely on fixed S/R thinking, that wouldnt have worked out at all, i dont see why anybody would rely on that, but apparently some may at least say its a smart thing.

With coffee: Agitated

Without coffee: Tired and uncaring

Neither is good for trading M1.

Thanks for the reply. I agree with your hesitation with regards to who gets access to the information though I doubt the bigs would take notice of a group of 30 or so retail scalpers placing trades on demo accounts. But you're correct - the names you mention shouldn't have any more advantage than they already have.

It would be a tool for people to use as they wish but participation would be needed to gain access to the sentiment data, that way it doesn't encourage a bunch of lurkers. On the subject of markets changing my view is the short term is a generally random timeframe with pockets of trend, so the consistency of a sentiment indicator would be in the participants response to the markets, not necessarily from the market itself. So if a good group of scalpers consistently used the tool to input their demo trades it would build up a database that would be more reliable than if the traders didn't take it seriously with their demo trades and just put trades in at random to get access to the sentiment data.

Again this is a conceptual idea only - no code has been written for this and I'm tied up in various projects atm so nothing forthcoming. I was just wondering if the idea would appeal to scalpers in the category of this thread - looking to improve skills through cooperation. If/when I'm at that point I'll be sure to drop back in here and give you guys a heads up. Thanks for the feedback!

Well im very much interested. Like today, price really pushing hard to break that 1.357 and i cant see what i need to see to trade live, good day for demotrading and getting a general feel for PA and such. I also think i would take my demo trades a lot more seriously if people would be interested in collaborating in order to improve. I mean i see no real point in just trading demo and posting results.

However there is anohther issue i didnt adress specifically in the last post, but that has been touched on here before: There are a lot of ideas/strategies and a lot of them im not interested in, i have already refuted them. Of course sometimes i need to go back and have a second or third look at some ideas that might at a later stage become interesting again. But the bottom line is i am not interested in discussing 90% of the ways that people trade and i can give good reasons as to why. Time often shows my sentiment since those ideas/strategies are often abandoned, even though some that i think was terrific have been abandoned, often for very dubious reasons that often seem more to have to do with resentment among persons than with factual events and empirical evidence. In short, it often turns to a sandbox of turdflinging babies having a go at eachoters ego illusions.

So basically: Yes i want to collaborate but not with ideas that i have given good empirical evidence that they dont work at all. How that will turn out in fact in the future, that all depends on things further into the horizon then the 20 minutes im use to thinking about, and how much spare time you can use and so on.

I am relatively good at being a nice person, and i seem to know relatively well what people are offended by and will refrain from offending people as much as i can. Though if people get angry if i point to a chart, mark opurtunities that said strategy/idea would fail, and they become offended i will not assume i have done anything wrong. Of course i think there is no point in pointing out such ocations if the creator of such ideas seem intent on them working controary to empirical evidence in the past, then i will not open up old wounds needlesly.

I hope you understand my position, and you probably have some of the same sentiments and can understand why i have them.

Another thing about unwanted attention: There probably are a couple of people here on FF with less then honest intentions of varying kind, some scammers, some subverters som employed by more or less scrupulous organisations and so on, and some of them probably talk to eachoter for various reasons. Its sometimes hard to tell them apart from people that are honest but thoroughly confused, but its very easy to identify people that belong to either category, all you need to do is look at their charts, its the telling them apart that is hard. Anyhow, the ones with no honest intent is the ones we would want to avoid right? Well having a look at a persons posts historically would give an indication of this, so if we would want to avoid the dishonest type, thats how to discern them.

A specification of how to combat dishonesty of this type there is a similar way: Empirically verifiable technical nowhow. Dishonest people can of course not incorporate into their mission good solid advice on this topic, otherwise they would be counterproductive, perhaps not in the case of scammers as much, but still. For instance, i would trust someone that can teach me something i can verify that i have a use for, maybe not in a very foreseable manner or in the way first intended. So i think a exchange of mutually beneficial information is good verification.

I dont know if you are taking this as seriously as i am, and perhaps i am taking it too seriously. But heres how i think about it: Given that such organisations as i mentioned have been up to illegal things for hundreds of years and that their target is profit, if there is a profitable venue right down their alley they will want to capitalize on it right? Especially if they can make EAs out of it. For instance when i posted indicator settings and technical terms in my journal, in the beginning there was about 8-18 unknown users looking at it about 30-60 seconds after i posted stuff like that. I played around with that and found that its probably data farming scripts, some reacted to some terms, while others seemed to react to other terms. When i commented on it in my journal it had the effect that i couldnt see any more unknown members when i posted settings, why i dont know. If they stopped farming or if they just made it so they dont show up, i dont know.

Which means that if we would develop interesting ideas, they would be capitalized on by dishonest people, and if we dont develop interesting ideas well then its all good for nothing, either way i would loose sleep over it. So its not a clear cut nice deal either way.

Part of the reason why i consider this so serious is because of the quality of technical nowhow presented on the internet in general at seemingly honest, respectable looking websites where there are countless examples of the best advice on how to loose all that more or less hard earned fiat non existent paper money that its not printed on. I cant see how people can be so ignorant as to post things like that if they are honest. If they tried it they would know its utter nonsense, and if they know that, why is it still there? So nonsense is there and it stays, for some reason. Any honest, sane person would realize it is nonsense and remove it so as not to lure people of hopes more powerfull then their critical sense. I have almost not found a single shred of good technical knowhow on the internet, which leads me to believe there are mechanisms quite powerfull keeping it that way. There is probably a mix of a great number of things that keeps it that way.

For instance there are endless lessons and lectures that as far as i know amounts to the fact that if price has increased a lot, it will probably decrease some and vice versa. And that single little bit complicated, confused, twisted and presented over and over again in a multitude of ways. Or the even worse, things of the same caliber presenting that if price has decreased its likely to continue decreasing, or that if its increasing its likely to continue increasing.

Keeping myself amused while analyzing. Apparently trading news is still not a good idea, especially while in the shower, i wouldnt have wanted to look at that kind of drawdown on real money.

So thats CCI divergence + CCI levels + CCI tops/bottoms + no funny stuff on stoch + MA distances (MACD) + MA action + PA action + Stoch readings + candle sizes + envelopes/bollys/STARC bands + +Counting candles + oscilation pattern likeness + being bored

I think being bored is the major thing im going on here

Hm i lost connection to my Demo account, i can connect to both my regular and my mini account, very curious. So really, what was i saying about security issues?

Took about 15 minutes before i could connect to it again

Huh whaddya know, "trading context busy" nice...

I dont know what you people think but there is something really funny with that 1.357

EURUSD, M1, 2011 February 2011
EURUSD, H4, 2011 February 2011

...not very interesting but profitable while waiting for a breakout at H4.

And now it's dinner time here in Switzerland.

Enjoy your meal!

FXcube

Yeah a thought about those, a little to small action though the risk/reward ratio wasnt there. It seems there are a lot waiting on unemployment claims before something happens.

Now i got all sentimental about summer when you posted those blueberries. I walked around a lot in the forests at random this summer. I found a place where scarlet strawberry/wild strawberry grew, as well as tistels. Me and my wife picked about a litre of those, thats a lot considering how hard they are to find. Heres a picture i took nearby. Its about as far from summer as possible here -18 and then sun is up.

Hi yaed

Ohhh dear, it's a beautiful landscape.
There you can tramp with the daybag anywhere.

Kindest regards
FXcube

If you like that, ive got a hwole bunch more. Check this out:

The filenames are the dates i took them, so they are all from June last year.

Hi yead, u may want to have a look on Woodis' CCI methods. There'r some CCI patterns for trend and CT. Not sure if its helpful for u, but not bad to go through it at free time. Dont over complicated scalping and keep it simple.

Regards.

Well ive had a bit of a change of heart. I figured what i trade isnt much of what can be called a system. The whole idea of trading a system is problematic, there is no system but price itself. And i think banks and hedgefunds already know what i know, so here it goes.

Besides when i think about it FF and its people have been good to me, so i need to do what i can do make it up to you guys, all of you and everybody else and at least clear some fogs and do what my heart tells me to.

Its the 42nd generation of my template.

Those should be all the indies that are not stock indies in MT4

So sell high, buy low

Thanks ill have a look.