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The life of a trading system on Forex Factory

  • #401
  • Apr 4, 2012 5:52pm Apr 4, 2012 5:52pm
Quoting pipmutt
Do you plan on incorporating any sort of AI into the system to try and cover the discretionary elements?
I've made a couple attempts at this, but the results weren't very good. Right now I'm just trying to get my manual trading down to be as methodical and structured as possible. Tightening the framework so to speak. Still, no matter how much I try to break it down, no matter how much structure I try to inject, there is always an element of 'winging it'.
  • #402
  • Apr 5, 2012 7:02am Apr 5, 2012 7:02am
Quoting mister me
why do we not trade these trades only,we are all guilty of this,why
Because they havent been correctly isolated from the rest of trades, so at first glance they may look the same, but they arent.
  • #403
  • Apr 5, 2012 11:19am Apr 5, 2012 11:19am
Missed out on the discussion a couple of weeks back, but thought some of you might be interested in this pic of the Euro poll taken on the 30th November 2010, particularly in the second name of those expecting it to be below 1.2000 by December. Four months on; still over a thousand pips out.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Poll 30th Nov.JPG Size: 229 KB
The dream will never die
  • #404
  • Apr 5, 2012 11:23am Apr 5, 2012 11:23am
Quoting Brotyboy
Missed out on the discussion a couple of weeks back, but thought some of you might be interested in this pic of the Euro poll taken on the 30th November 2010, particularly in the second name of those expecting it to be below 1.2000 by December. Four months on; still over a thousand pips out.
I'd say he missed it by a bit.
Mark ... Everything you have been told is a LIE
  • #405
  • Apr 6, 2012 2:32am Apr 6, 2012 2:32am
Quoting Aldente
I've made a couple attempts at this, but the results weren't very good. Right now I'm just trying to get my manual trading down to be as methodical and structured as possible. Tightening the framework so to speak. Still, no matter how much I try to break it down, no matter how much structure I try to inject, there is always an element of 'winging it'.
this did make me chuckle,

i think weve all felt that at diferent times especially when we have descresion in our trading.but i think about it in a diferent way now.i believe the winging it element you refer to is ,actually a key element,years of watching prices ,charts,watching supports hold fail and thousands of diferent complex patterns which our concious minds crash on overload with is being put into somekind of order within our subconsious minds.this for me explains that inner feeling i often feel when all my other elements are signaling a buy or sell .and then that final element determines wether we enter or not,the winging it part.some would say the desressional part,i would say its my subconsious experience .
as ive said before and probably boring the life out of people with it,but here goes again.every longterm profitable system needs 1 element of desression.

unless ofcoarse you can view price in its multidimensional space,then ofcoarse you dont need anything else
  • #406
  • Apr 6, 2012 2:35am Apr 6, 2012 2:35am
Quoting Pipalicious
Because they havent been correctly isolated from the rest of trades, so at first glance they may look the same, but they arent.


hi pipalicious.

yes, thats the simple truth
  • #407
  • Apr 6, 2012 2:52am Apr 6, 2012 2:52am
Quoting mister me
unless ofcoarse you can view price in its multidimensional space
what should that mean?

so that I better understand, can you tell me what the x-, y-, z- and whatever axis is of that mutlidimensional space price is in?
  • #408
  • Apr 6, 2012 3:13am Apr 6, 2012 3:13am
Quoting mister me

unless ofcoarse you can view price in its multidimensional space,then ofcoarse you dont need anything else
  • #409
  • Apr 6, 2012 3:59am Apr 6, 2012 3:59am
Fun reading the first 10 pages then it became a catfight, as usual.

Systems can be made to work but keep it simple. What worked for me was to find a high probability chart pattern, H&S, 2b reversal, 123 reversal or simple trends then rip them to pieces to find why the failures failed and winners won. Focus on one thing then own it, in my case it became pure price action and naked charts.

It is all to do with REALLY understanding why support and resistance does what it does.

It did take me years and tens of 1000's of hours to learn, but most importantly once done it categorically is something you can use to help others succeed.

There are some great traders in FF, your job is to find them, test what they do until you believe them , then build your own system that gives you the confidence to hit AND hold trades to target.

Good luck all.
  • #410
  • Edited 7:14am Apr 6, 2012 6:37am | Edited 7:14am
Quoting mister me
....thousands of diferent complex patterns which our concious minds crash on overload with
is being put into somekind of order within our subconsious minds.

this for me explains that inner feeling i often feel when all my other elements are signaling a buy or sell
and then that final element determines wether we enter or not

.... its my subconsious experience
Okay, sure. I call all that chart-deciphering feeding my intuition, and then my body or a part therein (gut,(physical)brain,moving limbs) traces a final pattern to trade with.
It seems you've trained your subconscious rather well, hoarding possibilities and then choosing one routinely.
A problem I have is that, somewhere along the line of studies,selection,impression,entry,and follow-through, I include negative feeling with the data to reason with, that is, I step aside from my barely-conscious mind that I decide where to draw possibilities with, to reinterpret whether or not to take a trade; that is, interrupts skew the intuition call.
Or, after the intuition call, entire groups of (non)trading instances follow in my mind and weigh against the initial one to interpret the second. That is, another scenario stacks on the first. It creates that final pattern gets stuck in my body as a positioning so that my mind projects outside of me a scenario how to use that trade to resolve thru compromise my own positioning with some worldly difficulty, etc.
Quoting mister me
unless ofcoarse you can view price in its multidimensional space,then ofcoarse you dont need anything else
link

If you're referring to
your having so many ways to consider a chart (/trade) and then choosing from them, one idea I've tried is
to leverage a different mindset/attitude that forces and/or creates a fresh study and overlay each study atop the same area,
and then to consider and draw how the different studies rank, connect and order the area
for a more productive overall study with SL/TP details of more than one trade.
  • #411
  • Apr 6, 2012 6:46am Apr 6, 2012 6:46am
Quoting jag1966
Fun reading the first 10 pages then it became a catfight, as usual.

Systems can be made to work but keep it simple. What worked for me was to find a high probability chart pattern, H&S, 2b reversal, 123 reversal or simple trends then rip them to pieces to find why the failures failed and winners won. Focus on one thing then own it, in my case it became pure price action and naked charts.

It is all to do with REALLY understanding why support and resistance does what it does.

It did take me years and tens of 1000's of hours to learn, but...
nice post...
tradewith60
  • #412
  • Apr 6, 2012 7:04am Apr 6, 2012 7:04am
My system is probably the easiest of all

Support
Resistance
Fib 50%

Really that's all you need to be a very profitable trader.

Oh, I forgot a major thing:

Patience
New voice message: Why are you calling me? If I need you, I'll call you!
  • #413
  • Apr 6, 2012 9:46am Apr 6, 2012 9:46am
Quoting jag1966
Fun reading the first 10 pages then it became a catfight, as usual.

Systems can be made to work but keep it simple. What worked for me was to find a high probability chart pattern, H&S, 2b reversal, 123 reversal or simple trends then rip them to pieces to find why the failures failed and winners won. Focus on one thing then own it, in my case it became pure price action and naked charts.

It is all to do with REALLY understanding why support and resistance does what it does.

It did take me years and tens of 1000's of hours to learn, but...
Great post and very true.
I started a journal with my method on the forum, I trade one setup only and know it very well. I don't feel the need to learn dozen of setups especially since mastering only one takes a very long time.

I think that is one of the key, jack of all trades is not the easiest way. Better specialize.
  • #414
  • Apr 6, 2012 10:19pm Apr 6, 2012 10:19pm
Quoting forexhard
OK, so now that the drama from the last couple of days has died down I'm going to expose one of Forex's dirty little secrets. It may help you guys understand these unusual verbal exchanges that you see played out in most of the threads here at FF -- just like what happened in here over the last 48 hours, and a few other times during the course of this thread as well. My hope is that by exposing this thing to the light, that it will happen less often. But even if it doesn't slow down, at least my SSBO guys will be able to recognize it for...
http://www.forexfactory.com/showthre...92#post5549992
(Taken from ForexHard's SSBO thread.)

C'Mon FHard....I think you have read one too many conspiracy theories !
You really think a few retail traders here can alter the market?

A life of a trading system on FF. I think this nonsense you have posted fits under LazyPawn's hmmmmm....#11....

I suppose the broker is your enemy as well ? LOL...

My advice is for the noobs to totally disregard what Forexhard is saying as it is utter nonsense....

Cheers
Bluesteele
Master your Mind,,,Master the Market
  • #415
  • Apr 7, 2012 3:07am Apr 7, 2012 3:07am
Quoting bluesteele

I think you have read one too many conspiracy theories !
lol, yeah I think he's slightly off track with those remarks, maybe he thinks this is a game of poker or something!

"....the more pips you lose, the more they can win....", lol, ya gotta luv dem trading gurus!
  • #416
  • Apr 7, 2012 3:20am Apr 7, 2012 3:20am
I think my threads dying now

but on the positive side, there's a cracking EA debate there...
tradewith60
  • #417
  • Edited 3:55am Apr 7, 2012 3:43am | Edited 3:55am
Quoting 60minuteman

I think my threads dying now

but on the positive side, there's a cracking EA debate there...
Well post the link then, maybe it can be revived and rejuvenated!


Edit: Cancel that, it's beyond redemption!
  • #418
  • Apr 7, 2012 4:03am Apr 7, 2012 4:03am
Quoting pipmutt
Well post the link then, maybe it can be revived and rejuvenated!


Edit: Cancel that, it's beyond redemption!
Ye of little faith...! http://www.forexfactory.com/showthread.php?t=345838

but get in there quick, im going to start charging soon!
tradewith60
  • #419
  • Apr 7, 2012 10:07am Apr 7, 2012 10:07am
Quoting 60minuteman

Ye of little faith...! http://www.forexfactory.com/showthread.php?t=345838
Well lookie here it's a trading strategy, novel idea there 60!

What's that, Skype? Try mikogo, I've found it much smoother and more versatile, you can pass control to other participants to draw on your charts and do lots of other funky stuff.


Quoting 60minuteman

but get in there quick, im going to start charging soon!
Yeah it's traditional, whip up some frenzied interest then open a private pay-for chat room! Don't forget the secret sauce ingredients though, averaging and martingaling, noobs just orgasm over that stuff! But make sure you give them special names like 'recovery trades' and 'counter trades'!
  • #420
  • Apr 7, 2012 10:18am Apr 7, 2012 10:18am
Quoting pipmutt
Don't forget the secret sauce ingredients though, averaging and martingaling, noobs just orgasm over that stuff! But make sure you give them special names like 'recovery trades' and 'counter trades'!


Joking aside, his method is actually one of the good ones! He's doing a great job.
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