DislikedAlso what does those little circles are for , what they mean , how to use them ?Ignored
- #582
- Feb 22, 2012 3:04pm Feb 22, 2012 3:04pm
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #584
- Feb 22, 2012 3:22pm Feb 22, 2012 3:22pm
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
Hi Al,
Congratulations on your new thread!
I followed your posts on Symphonie and appreciated your great attitude. (BTW at 61 years you are just a spring chicken compared to me! lol)
When I saw that you had started your own thread, I joined FF so I could post to it.
As I expected, your system is amazing in its simplicity and effectiveness! I have long felt that TMA is the fastest and most usable of the smoothed MA's.
The primary risk of this system is that if it becomes too popular, adjustments will have to be made to keep it effective.
Everyone cannot be on the same side of a trade, obviously, because the winnings have to come from somewhere!
I want to echo the sentiment of all the other members who have thanked you for your gift of this system!
I know it's a lot of hard work (former teacher)!
So, hopefully, we can all pitch in to the best of our abilities to lighten the load.
Buena suerte!
Congratulations on your new thread!
I followed your posts on Symphonie and appreciated your great attitude. (BTW at 61 years you are just a spring chicken compared to me! lol)
When I saw that you had started your own thread, I joined FF so I could post to it.
As I expected, your system is amazing in its simplicity and effectiveness! I have long felt that TMA is the fastest and most usable of the smoothed MA's.
The primary risk of this system is that if it becomes too popular, adjustments will have to be made to keep it effective.
Everyone cannot be on the same side of a trade, obviously, because the winnings have to come from somewhere!
I want to echo the sentiment of all the other members who have thanked you for your gift of this system!
I know it's a lot of hard work (former teacher)!
So, hopefully, we can all pitch in to the best of our abilities to lighten the load.
Buena suerte!
The mind thinks, the heart knows...
- #591
- Feb 22, 2012 6:36pm Feb 22, 2012 6:36pm
- | Membership Revoked | Joined May 2011 | 2,976 Posts
The primary risk of this system is that if it becomes too popular, adjustments will have to be made to keep it effective.
Gentlemen always play by the rules. If they can't, they change the rules.
- #592
- Feb 22, 2012 8:18pm Feb 22, 2012 8:18pm
Hi Al,
.....
Everyone cannot be on the same side of a trade, obviously, because the winnings have to come from somewhere!
.
From what I know, FX is not a zero sum games. Some company just need foreign currencies or at least need to hedge, and most of us here is retail trader. And yes we could take some win from the BBs
True, Passerby, there are a lot of hedgers in FX and futures, but the ratio to speculators is small, I believe. In futures it's about 90% specs to hedgers, and I suspect it's similar in FX.
The performance of all profitable simple trading systems degrades over time.
The reason is also simple. Simple trading systems attract more retail traders.
Too many positions are on the same side of the trade, long or short, marketmakers and bank traders, who can easily push the market around, to "harvest alpha" (read, "fleece the retail trader") will catch on and push you out of your position.
If most are long, they'll push the market down until it creates a sell off, buy while there is selling, and sell into the bounce, and vice versa. They now use algos, but it's still the same game.
Common knowledge at hedge funds and prop shops.
Short version: play a simple system for all it's worth as long as it's profitable (which could be a fairly long time, or not!) As it becomes less and less profitable over time, find another pattern to exploit in the new market conditions.
The mind thinks, the heart knows...
- #595
- Feb 22, 2012 10:13pm Feb 22, 2012 10:13pm
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #596
- Feb 22, 2012 10:15pm Feb 22, 2012 10:15pm
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #597
- Feb 22, 2012 10:23pm Feb 22, 2012 10:23pm
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #599
- Feb 22, 2012 10:50pm Feb 22, 2012 10:50pm
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
