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Giving Your Edge Away

  • #21
  • Mar 6, 2013 9:07pm Mar 6, 2013 9:07pm
Quoting Kanzler
If I ever meet a profitable head and shoulders trader I'll eat my shorts. The reason it still exists today is much like the reason Elliot waves do...it's a load of subjective, retrospective crapola.
Yep, I agree. I have seen as many H & S formations fail as I have seen succeed. I notice them but I don't trade them.....and seeing as you brought it up, I don't trade Elliot waves, microwaves, Mexican waves, blow waves, oh it doesn't matter what kind of wave it is!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #22
  • Mar 6, 2013 9:19pm Mar 6, 2013 9:19pm
Quoting realjumper
Yep, I agree. I have seen as many H & S formations fail as I have seen succeed. I notice them but I don't trade them.....and seeing as you brought it up, I don't trade Elliot waves, microwaves, Mexican waves, blow waves, oh it doesn't matter what kind of wave it is!!

yeah,,I agree,,

Yep, I agree. I have seen as many H & S formations fail as I have seen succeed. I notice them but I don't trade them.....and seeing as you brought it up, I don't trade Elliot waves, microwaves, Mexican waves, blow waves, oh it doesn't matter what kind of wave it is!! ,,, ha ,, ha,,


just trade what you see ,, not trade what you think,,
salaam
  • #23
  • Mar 6, 2013 9:28pm Mar 6, 2013 9:28pm
Quoting realjumper
Yep, I agree. I have seen as many H & S formations fail as I have seen succeed. I notice them but I don't trade them.....and seeing as you brought it up, I don't trade Elliot waves, microwaves, Mexican waves, blow waves, oh it doesn't matter what kind of wave it is!!
  • #24
  • Mar 6, 2013 10:46pm Mar 6, 2013 10:46pm
Quoting Kanzler
If I ever meet a profitable head and shoulders trader I'll eat my shorts. The reason it still exists today is much like the reason Elliot waves do...it's a load of subjective, retrospective crapola.
Another reason you can't give your edge away is FF is filled with idiots.

I never said the Head and Shoulders pattern works. Please point to any line in my post about the validity of the pattern. Nevertheless, if wide spread knowledge of a pattern would cause the pattern to not exist (because people would "front run" the pattern), which is what many claim, then we should not continue to see the pattern.

Same goes for flags and pennants.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #25
  • Mar 6, 2013 10:54pm Mar 6, 2013 10:54pm
Quoting HiddenGap
Another reason you can't give your edge away is FF is filled with idiots.

I never said the Head and Shoulders pattern works. Please point to any line in my post about the validity of the pattern. Nevertheless, if wide spread knowledge of a pattern would cause the pattern to not exist (because people would "front run" the pattern), which is what many claim, then we should not continue to see the pattern.

Same goes for flags and pennants.
try and create a chart with at least a bunch of bars that doesn't have some type of tech pattern in it, and then please show me. you can't front-run the shape of a cloud.
Congratulations ScalaFX for coming out of the closet!
  • #26
  • Mar 6, 2013 11:03pm Mar 6, 2013 11:03pm
Quoting HiddenGap
Another reason you can't give your edge away is FF is filled with idiots.

I never said the Head and Shoulders pattern works. Please point to any line in my post about the validity of the pattern. Nevertheless, if wide spread knowledge of a pattern would cause the pattern to not exist (because people would "front run" the pattern), which is what many claim, then we should not continue to see the pattern.

Same goes for flags and pennants.
It was a general comment about the validity of H&S, not a personal attack. Take it easy.
  • #27
  • Mar 6, 2013 11:07pm Mar 6, 2013 11:07pm
My edge is flipping a coin.

When tails comes up I buy, heads is a sell

The times I make money my edge is working

The times I don't are just normal... Hey can't win every trade.
Time hides Nothing
  • #28
  • Mar 6, 2013 11:08pm Mar 6, 2013 11:08pm
Look at all the most famous traders in history, whoo actually made a dollar or two.

Then show me 1 other person in the world who successfully replicated their strategy for the same gains.
Time hides Nothing
  • #29
  • Mar 6, 2013 11:16pm Mar 6, 2013 11:16pm
Quoting CindyXXXX
Look at all the most famous traders in history, whoo actually made a dollar or two.

Then show me 1 other person in the world who successfully replicated their strategy for the same gains.
There may not be two successful traders that trade alike to a tee, as you point out CindyXXXX, but if you compare these same two successful traders to each other I'm sure you will find a lot of similarities - in terms of risk management and discipline.
  • #30
  • Mar 6, 2013 11:18pm Mar 6, 2013 11:18pm
Just check the FF news section each day for a trading tip from a bank, then do the exact opposite of what they suggest.
Put your target at their "STATED" SL, and your SL at their "STATED" target.

Trust me, that edge will never be diluted away

Those guys just can't bring themselves to tell us the truth
Come with me if you want to live....
  • #31
  • Mar 7, 2013 1:58am Mar 7, 2013 1:58am
Quoting 2+2=4ex
The only thing I would imagine a fund manager coming here for is maybe to see what "the crowd" is talking about. To see if he can gauge where the news is leading them. In other words gossip. Other then that I can't imagine a hedge fund guy who is in control of tens or hundreds of millions of dollars relying on anything this site offers (sorry FF). For starters, they have the money, power and connections to attain good information. Why would you look here when you have people in the field telling you what's really happening at banks, in government...

yes, keep sharing spirit alive, else no trafic on FF

FF is not only terchnical else I would not be here. Idea to show the chart to demonstrate trading idea is for me stupid. All big winners I had recently came from non chart idea and were volume insensitive, ie one could bet at least 1000 contracts. This is already nontrivial even for big boys, considering 1000 contracts swing trade.

However, certainly techicals help to create default entry exit rules for times where there is no other input.
  • #32
  • Mar 7, 2013 2:20am Mar 7, 2013 2:20am
Quoting Ill-b-back
Just check the FF news section each day for a trading tip from a bank, then do the exact opposite of what they suggest.
Put your target at their "STATED" SL, and your SL at their "STATED" target.

Trust me, that edge will never be diluted away

Those guys just can't bring themselves to tell us the truth
Man you are SHARP. KEEP IT UP!!!
  • #33
  • Mar 7, 2013 2:36am Mar 7, 2013 2:36am
Quoting burnzmeister
Hi all,

When we discuss our strategies/systems/methods (whatever you want to call them) in the public domain, do we inadvertently risk losing some or even all of our edge?

Perhaps I’m a little paranoid or even selfish, but say you have developed a strategy which you’ve back tested and forward tested to be very successful over the long term; why would you take the risk of big players using your idea, only to lose out to their faster trade execution?

You might argue that the FX market has unfathomably deep liquidity, so any adverse...
For me it's a double edged sword like any business idea, if you share it you risk it being copied, but on the other hand you get feed back from experienced people in the same business as you.

For me right now, I won't share my method, because it's not clear to me that I would receive a benefit form doing so, and I am certainly not sure sharing it is without risk.

As other posters have noted, the majority of this stuff is about your inner self and so generally people fail in this business not because they have the wrong system but because they have the wrong attitude toward trading.

Are there truly experienced traders out there who are generous enough to help others climb the greasy pole to success, I am more than a little bit skeptical about that So if all I can expect is advice from people who haven't got to where I want to get, what value is that?
Stop or target...
  • #34
  • Mar 7, 2013 2:41am Mar 7, 2013 2:41am
Quoting seaman2
Here on ff also lurking hedge funds, large players for ideas.


Yea I'm sure paul tudor jones is reading through the EU thread as we speak.
What is any ocean but a multitude of drops?
  • #35
  • Mar 7, 2013 3:25am Mar 7, 2013 3:25am
Quoting Xhale


Yea I'm sure paul tudor jones is reading through the EU thread as we speak.
you would be surprised. His movies show clearly that he used TA in '80. Clearly taht does not work any more. So, yes he is probably out of ideas and investors leaving. Tons of guys like that. At least they grabbed cash when they were hot.

Turned to be just another lucky guy, like one that wins lottery, although genes help.
  • #36
  • Mar 7, 2013 3:51am Mar 7, 2013 3:51am
I would say that any so-called "edge" for the ways it is understood here is not more than pure experience.
Experience may be told (courses, ebooks, workshops, etc...) but not every single experince CAN be tought.
I bet Messi could teach anybody football ... but that doesnt mean that even having him as a teacher one could play like him.
I am sure he just knows how to do things ... but he still doesnt end up understanding why he knows and how he acheives it.
That is his true edge derived from his experience and natural talent ... and THAT can't be tought.
  • #37
  • Mar 7, 2013 3:57am Mar 7, 2013 3:57am
the key of truly understanding the market is understanding its language. it forms its classical patterns over and over again its how you setup a trap to catch the fish.
  • #38
  • Mar 7, 2013 3:59am Mar 7, 2013 3:59am
Quoting chikanesoup
the key of truly understanding the market is understanding its language. it forms its classical patterns over and over again its how you setup a trap to catch the fish.
agree
  • #39
  • Mar 7, 2013 4:02am Mar 7, 2013 4:02am
My edge is the foundation of any and all 'patterns' that occur.

Patterns will form differently everytime, but, the underlying always remains constant.
  • #40
  • Mar 7, 2013 4:48am Mar 7, 2013 4:48am
Quoting chikanesoup
the key of truly understanding the market is understanding its language. it forms its classical patterns over and over again its how you setup a trap to catch the fish.

understood,,,understood,,thanks,,
are you in the avatar picture ?
wow,,, nice,,

salaam
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