From 'TheRealDeal'
http://www.forexfactory.com/showthre...799#post205799
http://www.forexfactory.com/showthre...799#post205799
An Edge for an Edge (System Development) 113 replies
What do you thing is your edge? 5 replies
Improving Your Trading Performance: The Single Most Important Step You Can Take 13 replies
The most simple thing you could ever do. 0 replies
The most difficult thing? 20 replies
DislikedI'm still hoping this thread can find it's way back to addressing the original question rather than the back and forth blind arguments about who is right or wrong about TA, PA, or FA. So let me briefly touch on what I think amounts to the "edge" in my trading.
I attempt to get in to a free trade as quickly as possible and then let that trade remain open for as long as possible to gain potentially unlimited upside gains.
On entry, if the price is rising, I buy. If price is falling, I sell. If after entering a trade the price changes direction...Ignored
DislikedOh, not sure how that happened, sorry Nub it was meant for resres.
It is all BS anyway.
Like I said I am only here to encourage others to keep an open mind and know that if they keep at it long enough and keep asking the right questions profitable trading can be achieved.
Negativity does no good at all.
PeaceIgnored
DislikedIf you see a pattern that works 90+% of the time does that qualify as a edge?
That's my edge, when I see that pattern I trade it.Ignored
DislikedI'm still hoping this thread can find it's way back to addressing the original question rather than the back and forth blind arguments about who is right or wrong about TA, PA, or FA. So let me briefly touch on what I think amounts to the "edge" in my trading.
I attempt to get in to a free trade as quickly as possible and then let that trade remain open for as long as possible to gain potentially unlimited upside gains.
On entry, if the price is rising, I buy. If price is falling, I sell. If after entering a trade the price changes direction...Ignored
DislikedIf you see a pattern that works 90+% of the time does that qualify as a edge?
That's my edge, when I see that pattern I trade it.Ignored
DislikedListen to Nubcake advice in the meanwhile. He knows what he is talking about and makes sense.Ignored
DislikedAnd this is why it cannot be used to predict future, and definitelly not in a short term. There is no logic behind this nonsense of TA,PA...Ignored
DislikedI'm still hoping this thread can find it's way back to addressing the original question rather than the back and forth blind arguments about who is right or wrong about TA, PA, or FA. So let me briefly touch on what I think amounts to the "edge" in my trading.
I attempt to get in to a free trade as quickly as possible and then let that trade remain open for as long as possible to gain potentially unlimited upside gains.
....Ignored
DislikedStatistically it has been prooven that most volaitlity happens on the overlap of EU and USA session. Except for aussie pairs.Ignored
DislikedTA is not supposed to predict, so its hardly surprising that if you try to use it in this way, you'll fail. Its a phase most of us go through, but the faster you can learn that lesson the better.Ignored
DislikedDude, random patterns dont work. Until u will keep charging money to people to teach them mumbo jumbo randomness u should feel sorry for yourself and u should not be surprised that you are not sucessful. You have to change the mindset and negativity in first place. Until than u are always doomed to failure and never ending frustration i see in all ta,pa traders
Listen to Nubcake advice in the meanwhile. He knows what he is talking about and makes sense.Ignored
DislikedA method's statistical reliability seems to be the theme. (I prefer to fit together tinier methods to get more specific, and thus more reliable, an answer to a chart (neutral of verbal bias, vs. news) area.)
If so, then why is a site giving chart-pattern statistics no good?
From what I see, you're used to the format a statistic on sessions is appropriate for (FA (more than PA)), and not used to reading patterns (PA). So you choose a method in one familiar analytic...Ignored
Dislikedtake a shape you happen to see on a chart. run the statistics on it over x time. cool, you have some statistics and have some winners. now shorten that shit right down to a lesser time period and see if the statistic holds. then shorten again. i bet you'll find a 10 year statistical shape winner won't hold it's own at all on any period except that 10 year test.
so... it's all great to say something is statistically likely over some period, and another to say that it maintains it's statistical significance over any period. for a week it might be...Ignored
DislikedI'm still hoping this thread can find it's way back to addressing the original question rather than the back and forth blind arguments about who is right or wrong about TA, PA, or FA. So let me briefly touch on what I think amounts to the "edge" in my trading.
........
Do I have a real edge or blind luck?Ignored
DislikedWe all cling to our myths. Traders believe in money like the Pope believes in God. You think you can conjure it from thin air and it will make you happy ever after. You seek it with all your heart. You love it. You sacrifice a good proportion of your life to it. It's superstitious nonsense in a business suit. Truth is, trading is highly addictive operant conditioning designed to take your money.Ignored
Disliked..that's not to say that it's not in the realm of something logical. it's like saying if the president wears a diaper we are in for a massive bear day. now, this is clearly bullshit. but, what if the days that the president wears diapers are the days he has something bad to say to the population and knows he will mess himself? now THAT actually is something logical. it's not based on faith or hope but on logic.Ignored
Quoting Lewis CarrollDisliked
'It's very good jam,' said the Queen.
'Well, I don't want any TO-DAY, at any rate.'
'You couldn't have it if you DID want it,' the Queen said. 'The rule is, jam to-morrow and jam yesterday--but never jam to-day.'
'It MUST come sometimes to "jam to-day,"' Alice objected.
'No, it can't,' said the Queen. 'It's jam every OTHER day: to-day isn't any OTHER day, you know.'
'I don't understand you,' said Alice. 'It's dreadfully confusing!'
'That's the effect of living backwards,' the Queen said kindly: 'it always makes one a little giddy at first--'
'Living backwards!' Alice repeated in great astonishment. 'I never heard of such a thing!'
'--but there's one great advantage in it, that one's memory works both ways.'
'I'm sure MINE only works one way,' Alice remarked. 'I can't remember things before they happen.'
'It's a poor sort of memory that only works backwards,' the Queen remarked.Ignored
DislikedWe strive too hard to grasp the markets via causal relations only. Call me a wanker but I think there's a valid point in trading statistically proven coincidences, no matter how irrational or ridiculous they may seem.Ignored
DislikedHmmm you have a very interesting approach. This in theory can produce some edge in taking advantage of volatility. The problem that i see with this strategy is the complete randomness of entry points and so many times that you need to pay the spread.
How long have u been trading this way?Ignored