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Twoblink and "The Secret Sauce"

  • #1
  • First Post: Jun 13, 2006 8:15pm Jun 13, 2006 8:15pm
I am on a quest, and I figure I will document the quest.

I am on the quest for "The Secret Sauce" of Forex. There are people who know the secret sauce. My hero of course, is Ed Seykota. He definitely has the sauce.

Now what makes "The Secret Sauce" different from "The Holy Grail"? The Secret Sauce is not the Holy Grail. The Holy Grail is what Jesus drank out of, what collected his blood at the cross, what the Nights Templar hid. The Holy Grail of Forex, is this super duper, use it and you'll be rich beyond your wildest dreams, not even bullets can penetrate you, type of item. It doesn't exist.

HOWEVER, the secret sauce, does exist. The secret sauce, means just what it says it means. It's not the hamburger, but it sure goes a long way to make a hamburger taste great! It's not babyback ribs, but it makes them taste great. It is the item you put on top, that makes everything JUST TASTE RIGHT.

The Secret Sauce, is usually something really subtle.. For example, how do you cook a good steak? If you started with a frozen or very cold slab of meat, you'll never have a good steak. Or at least, not as good as it can be. The secret sauce, is as easy as wrapping up the steak in syran wrap until it gets to near room temp before cooking it.

Throughout my life, I have slowly uncovered quite a few secret sauces in different fields of my life; like martial arts, and cooking. It is now time for the Forex to reveal its secret sauce to me.

I have usually gone through this process, undocumented, and unshared. I however, felt that I have benefitted from SO MANY people that giving back is the right thing to do..

So I will snip articles etc.. and write down my train of thought on my journey. I am not sure, when I do discover it, I will expose it. But, I promise I will leave a clear trail of how I got there. The journey will be intense, but I hope it will be a short one.

I am writing all this down, as I feel, I am on the verge of discovery.. and perhaps, an open discussion about it, might help me think more clearly.
google:
  • #2
  • Edited 11:02pm Jun 13, 2006 8:17pm | Edited 11:02pm
http://www.moneyweb.co.za/education/...cus/326478.htm

Quote
Pattern and Time

The two dominant technical forces in the stock market game are those of “pattern” and “time”.

The pattern is that the market follows a path. It is either in a path going up i.e. in a bull pattern/phase or in a bear pattern/phase going down.

This pattern then follows a definite time schedule, often based on historical cycles.

Technical analysis is the recording, in one form or another, of the actual history of trading in a particular share (or an index, to reflect a grouping of shares) and then the deduction from that pictured history of the probable future trend.

To a large degree, technical analysis is at its ultimate, the study of prices as distinct from values.
All the technical analyst concerns himself with is whether the price of a share is going to go up or down.

He will argue that he would rather buy a share in a bad company in a bull market than buy one in a good company in a bear market.

So here, the author talks about Patterns and Time. That is fairly 3D. To this author, he feels these are the two "singularities". While a bar chart is 2D, it really is very very 3D, perhaps 4D.

Patterns, perhaps Candlesticks, and Time.. perhaps multiple moving averages as 2 MA's give you multiple pieces of information..

1) What the market is doing on average (That's why it's called an MA!)
2) The difference between the two MA's tells me about the differing outlooks between two groups of people; but this is not true, as the short group will always be included in the long group, it tells me what the FRINGE are thinking.. I'll have to remember that. (Note to self, 2MA = Left Outer Join in Database Terms) Screenshot below to remind myself what a left outer join looks like.

http://www.databasedev.co.uk/image/left_outer_join.gif

3) Given 2nd order derivative of the MA's, I will know concavity. Given 2 concavities, I will know the Inflection point. Since I will have 2 concavities, and thus two different inflection points, delta(inflection point 1, inflection point 2) will give me a shift in time. I have no clue what this shift means. I postulate that since this is the difference between what the short group vs. long group is thinking, this then would mean the shift in timeframe viewpoint of short group vs. long group. i.e. does this mean, this is the time/space disturbance caused by the outlook of the fringe group as defined by the outer join?? Inflection point screenshot below, to make sure I remember what I'm talking about. Inflection spelled wrong..

http://www.clas.ucsb.edu/staff/lee/i...20f%28x%29.gif

The question at hand is, since MA's "smooth" things out, but the price itself, is jagged, almost like jpg compression, I'm losing something in the process. Is what I've lost very very important, or not so important? Is there any way for me to "get back" what I lost in terms of information??

MA is a lagging indicator; and so it tells me about HISTORY. How does history tell me about the future?
Quote
"He who controls the present, controls the past. He who controls the past, controls the future." (
Quote
George Orwell)


So does Orwell hold the key to unlocking good use of MA's??
google:
  • #3
  • Jun 13, 2006 8:49pm Jun 13, 2006 8:49pm
http://moneymanager.smh.com.au/inves.../shares07.html



Quote
"A trader wants to know if they buy today, is this stock likely to keep going up for the next three, five or 20 days, and an investor wants to know if the stock is likely to be higher in three, six or 12 months," Guppy says. "It is simply not good enough to say 'I am a long term trader, I don't need to manage my risk'."

When choosing a charting package, the tendency is to look for the one with as many indicators and features as possible. However, once you develop your own technical trading approach, like Guppy's, it may only include one technical indicator. Therefore paying through the nose for extra features will be a big waste of money. Your starting point for an education in technical analysis should be a thorough understanding of the two key tenets of charting.


The first is known as trend, and it is simply the direction of the price. A fundamental approach may recommend buying a share despite a downward trending price, if a stock is undervalued. However, applying the basic rules of charting would never prescribe buying shares if a stock is falling.

The second tenet is "support and resistance". A level where the price stalls or reverses is known as support if it is underneath the current price or resistance if it is above. These levels may not have any logical significance in fundamental terms. However, for a technical trader, identifying support and resistance provides a benchmark for the strength of a trend as well as areas on the chart where he or she can enter or exit a stock with greater certainty.

Ahh.. Mr. Guppy and his Guppy graphs. I like them.. He alludes to time as well, indirectly, but it's there.

Support and Resistance.. This is a toughy.. How do you do it? S/R is so imprecise that I don't even know where to begin. Visually, some things are quite clear to the human eye (or so I'm thinking) but not to a software program. Do I believe Fibonnaci and pay particular attention to S/R at Fib levels? I have to admit, fib levels from outer rings of 55MA like Vegas says, does show significant support and resistance, but that might be more psychological than anything else. We humans are creatures of habit, and since our society works on a basis of base 10, we like 0's and 50's. Clean numbers.. So we gather around it. Hmm.. so do we attack the numbers as they are, or do we have to consider the psyche of those who are playing the market??


google:
  • #4
  • Jun 13, 2006 8:54pm Jun 13, 2006 8:54pm
So, we've got two articles, which alludes to 4 "special ingredients", in a two two pair.

1) Pattern
2) Time


1) Trend
2) Support and Resistance

But the second article alludes to Time as well. Trend supports the concept of "Pattern".

So, so far, we've got:

1) Pattern (as it encompasses "Trend")
2) Time (Although, time is 2D, so we need more clues about time..)
3) Support and Resistance.. I'm wondering if I shove this under "Pattern" as well. OPR (Optical Pattern Recognition Systems..)

I'm going to have to see how missiles know what the lay of the land looks like.. Military Technology search time..

Time, has the time of the chart, and the relationship between the bars... If we tweaked when we deem as "open" and "close" I think the chart will shift drastically. So how do we filter this strange shift out??
google:
  • #5
  • Jun 13, 2006 9:37pm Jun 13, 2006 9:37pm
From the attached Word Doc:


Quote

2.2 State of the art

Current GIS based classification techniques use the ‘spectral signature’ and other photographic characteristics (like texture) of an object class to find other objects that resemble known objects (Idelsohn, 1970; Mantovani et al, 1996).

In these techniques object classes can be defined by user input (supervised), or mathematically extracted (unsupervised). Supervised classification requires the user to designate areas of the image that are known to belong to class, thus defining the signature and parameters of each class. The signature and parameters determination of each class in unsupervised classification uses techniques like (Jenks)natural breaks, quantile- or standard deviation- schemes. Classification techniques like maximum likelihood, nearest neighbor or class probability are then used to assign each rastercell into one of the classes. (ESRI, 1999)

This ‘spectral signature’ (as used in traditional methods) is one of the criteria used by the program to be written, and thus will be incorporated in this new method.

There are several examples of research that tries to “build up” a landslide by combining and detecting processes and features associated with landslides. (van Westen, et al, 2003, Liu et al. 2004; Pauditš and Bednárik, 2002;) These projects concentrate on hazard mapping; to be able to predict the occurrence of (future) landslides by “reading” the landscape trough images and maps. Some of these projects make use of statistics and / or algorithms. The primary function of this kind of research is to predict. The research proposed in this paper has the primary function of detecting and interpretation.

So.. they use a rastercell as a basic unit, not unlike:

http://www.investopedia.com/articles...arketnoise.asp

Renko Charts unique "Bricks"

http://www.investopedia.com/images/a...veNoise_3r.gif

The "Spectral Signature" is interesting..
Quote
Classification techniques like maximum likelihood, nearest neighbor or class probability
so it's almost like a % confidence.. So a system might give me if what the current bar tells me is the maximum likelihood, or it's telling me the same as its nearest neighbor, or some other class probability.

This seems like 2 great goals. Either it tells me with above a certain percentage confidence that it is most likely xxx, or it tells me that "I'm still telling you what the guy before me told you", which means continuing a trend. But that means the first probabily is stronger than the second. That means the second will only continue, it won't CONFIRM a continuance, nor could it give me a signal stop.

Method 1) a "Build Up" or combo method. This is probably close to like multiple indicators confirmation method. The proposal in this article talks however about method #2.

Quote
The primary function of this kind of research is to predict. The research proposed in this paper has the primary function of detecting and interpretation.

Method 2) Detecting and Interpretation..

So.. question.. Do I want to try to "predict" or do I want to "Detect and Interpret"??

OUCH..

Quote
G. Treelines. Vegetation can assume a characteristic pattern (around fissures). The altered distribution of light and/or nutrients can cause vegetation to assume patters around features of a landslide like fissures.

So this caught my eye.. They have to recognize treelines, or SUPPORT LINES. So they program it in...



Quote
The concept of a program is very important in achieving the set goals, however when using a computer one must utilize its strengths.

One of the driving forces behind the algorithms to be written is the availability of data. Data abundance is a cause and a solution of getting a computer to do some of the work now done by hand. Shear volume of work to be done is often one of the first reasons to automate processes. In this case the presence of (hidden) information in the data is also the way that the computer can prove its worth.



The complexity of landscapes and its processes makes it difficult to teach a computer to be as good as a human interpreter, however the computer does have some advantages:

 

  1. Speed. A computer does not get tired, or bored. Useful when dealing with much data.
  2. Objectivity / uniformity. It does the same job every time. Useful with timeseries, and large projects.
  3. Multidimensionality. It does not know the difference between 1D, 3D and 10D. Useful when combining spatial information.

For these advantages to manifest themselves large amounts of data isrequired (much data, large projects, multiple dimensions).



The improvement of programming techniques and programming strategies, of which this research is an example, bring the human- and computer methods closer together.

This eliminates restrictions on both sides, resulting in overall improvement in reaching goals. For example: if methods converge computers can rely less on data and humans can grasp more dimensions.


So, in this article, they talk about the fact that humans interpret data vs. computers differently. Humans can handle more dimensions..

Quote
3.2.1 exclusion / inclusion parameters.

The process starts with an initial remote sensing-image chosen for its representation of the exclusion / inclusion parameters. These are criteria that will differentiate between areas where it is possible for the feature of interest to occur, or not. The result is a boolean representation and has the function of reducing the number objects the program has to classify (see below). This boolean, combined with the input images will result in the “potential area”.


So they begin by weeding out the wheat from the chaff.. That means, filters get applied FIRST before indicators.. This is different than how 99% of technical traders do it.. I will assume, that the military has more resources than we do, and that they are correct..

So.. Filter FIRST..

Quote
3.2.2 eCognition.

eCognition (www.definiens-imaging.com) is a software package that extracts homogenous objects from a pixel based image (raster). Stated differently: it extracts a coherent region (number of connecting pixels) out of the total image .

The software can be applied to any (input) raster image, separate or in combination.

The output usually consists of a vector file, but for the purpose of loading it into MATLAB, the vectormap will be rasterized, with a unique value for each recognized object.

Hmm.. The software extracts "coherent region" out of the total image...
Valuable!!

Quote
with a unique value for each recognized object.

So every object is weighted..

Quote
All objects recognized by eCognition that are situated within the potential area will be considered “potential objects”.

At this point in the program the scale of interest can be implemented. Objects too small or too big can be disregarded. This can be accomplished during the eCognition procedure, or by using a simple filter.

The possibility to set the scale of interest is useful in the implementation of the program, but all objects will be considered during the development stage.

"scale of interest" does that mean timeframe in terms of trading? "Potential Area". So, what, once a section has passed, it now gets lower values because it's influence is less? How do you define a "potential area"??

Quote
3.2.4 Decision time

All the probabilities must now be combined into a single decision and probability for each object, using discriminant analysis.

Subsequently all objects with probability > X (say >80%) can be displayed on a map, which will be the final step.

So this is all very interesting..

1) The military FILTER FIRST.
2) They group, things into "coherent regions". I don't know how to define this yet..
3) They give weight to every object to be considered.
4) They I assume define the timeframe, and define the "potential area".. So I assume they can give me a "if price reaches this point, then XXXX is likely to happen prediction.
5) So at the end of it all, they yield a probability again, and if it hasn't reached a threshold, then it's not displayed..
Attached File(s)
File Type: doc Forex_Terrain_Recognition_Proposal.doc   469 KB | 1,254 downloads
google:
  • #6
  • Jun 13, 2006 10:16pm Jun 13, 2006 10:16pm
I wonder if anybody has tried to write and apply either a Mean-Squared filter or a Wiener Filter for the forex market.. Mean Squared seems like it should be too difficult to program. Wiener filtering however, seems difficult in the availablility of the current Forex languages...

Maybe Mean-Squared as a Moving Average might do well..

http://www.mathworks.co.uk/access/he.../adapti10.html
google:
  • #7
  • Jun 14, 2006 1:09am Jun 14, 2006 1:09am
http://crm114.sourceforge.net/

So I'm now officially on this "filtering" binge.. and I thought, well, there's filters I work with everyday, that have upwards of 98%+ accuracy..

So after lunch, I thought I'd start investigating about using Markovian methods on the forex.. Has anybody tried this??

CRM does triplet comparisons if I'm not mistaken.. This could mean, that it is like a "Mini Sushi Roll"..

I'm going to cut this entry short, and program in the sushi roll right now.. into VT.
google:
  • #8
  • Jun 14, 2006 2:09am Jun 14, 2006 2:09am
Twoblink.

You are digging too deep. The answers are near the surface. Even the great WD Gann tried to find the holy grail with all his mathematical stuff. Gann thought he discovered it. He made people belief so. He was wrong. He died without cracking these markets.

There is no holy grail! Except it!
Never Ever Give Up!
  • #9
  • Jun 14, 2006 2:24am Jun 14, 2006 2:24am
Twoblink

The answer lies in the way you roll your money out. No businessman will buy something now and expect to sell it for a profit within 2 hours , or even two days from here. If you buy a diamond now it will surely loose value immediately. But this does'n't mean you must sell it because the value has dropped. No, you keep it.... in time the value will increase and then you sell it. This is how any business work isn't it? Your objective is to make profit. Forex is the same.

The only difference is some traders want to see the profits immediately after entering the trade. No one is prepared to wait. " All good things comes to those who are willing to wait".

If one buys a house you add value yourself by maintaining your property so that you can sell it for a profit. Forex trading is the same. You buy or sell and "maintain" it along the way. It is a business....nothing else.
Never Ever Give Up!
  • #10
  • Jun 14, 2006 2:33am Jun 14, 2006 2:33am
Hey Cobra...

If Gann died as a failure ($51Million Networth at time of Death I think) Then I hope I can fail that well!!

Second, Reread my first entry, I'm not looking for the Holy Grail, I'm looking for the Secret Sauce.. Two totally different quests.. I even say in the first entry, no such thing as the Holy Grail..

As far as the secret sauce, I haven't found it yet, but I now am starting to understand a few of the ingredients that goes into making it...

You are getting me wrong here.. The waiting happened BEFORE the entry. A mechanized system will yield very close to probability; and that's what I want. The house has a <3% advantage on the Roulette with only 1 single zero yet they make billions on it... Straight probability..

There is a secret sauce out there...
google:
  • #11
  • Jun 14, 2006 2:34am Jun 14, 2006 2:34am
I programmed the Sushi Roll into VT. I wasn't impressed.

NEXT..

The Secret Sauce might be on the surface, but that won't stop me from finding out what the secret sauce is covering up..
google:
  • #12
  • Jun 14, 2006 2:39am Jun 14, 2006 2:39am
Cobra,

The Law of Integrative Complexity says that, "the individual who can integrate and use the greatest amount of information in that field, soon rises to the top of that field."

So, you might be right, I might be right.. My goal however, is not to prove me right, nor to prove you wrong, my goal is to make $$$$$ (Hold down Shift and press the number "4")
google:
  • #13
  • Jun 14, 2006 2:51am Jun 14, 2006 2:51am
Great posts Twoblink.

Nice to let us walk beside you on your (forex) path.

Regards.

BTW: (Hold down Shift and press the number "4")

444444444444444444 (I have an azerty keyboard )
  • #14
  • Jun 14, 2006 2:58am Jun 14, 2006 2:58am
twoblink, it is unfortunately a broad misunderstanding than Gann died as a wealthy man. When Dr. Alexander Elder interviewed his son, who works as an analyst for a Boston bank, he found that Gann senior could not support his family from trading but earned his living by writing and selling courses.

Quote from Elder's book "Trading for a living" page 23, 2nd paragraph:

"When W.D.Gann died in the 1950's, his estate, including his house, was valued sligthly over $100,000. The legend of W.D.Gann, the giant of trading, is perpetuated by those who sell courses and other paraphernalia to gullible customers."

End quote.

Good luck with your quest.
Always wait for the opportune moment… just be careful not to miss it.
  • #15
  • Jun 14, 2006 3:06am Jun 14, 2006 3:06am
I didn't know that!! Thanks!

So Gann died a poor man? The guy who made Tetris, the most played game in the history of the world, didn't get a single penny from it. That doesn't mean I don't appreciate the genius of what he made.

As for Gann, I don't use his stuff.

The more stuff I research, and the more stuff I try, the greater chance I will have of succeeding...

All I can say is I am taking an active role in my future. That will guarantee me a higher probability of success. And that's what's important. At the end of the day, I either press "buy" or "sell". I just want the help of probability..
google:
  • #16
  • Jun 14, 2006 3:35am Jun 14, 2006 3:35am
So Gann died broke. So what.

Jesse Livermore committed suicide. So what.

Do either of those deter any of us from trading? Hell no!

Twoblink, you keep right on posting like you have been, and dig as deep as you want.

Personally, I'd rather not see anyone but you post to your journal as it only distracts from the flow of your thoughts. PM me if you want me to delete this post.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #17
  • Jun 14, 2006 3:52am Jun 14, 2006 3:52am
fxvision

Thx for helping me out on the Gann story.

twoblink

In this forum i am a junior member. I know people don't take much notice if they think you are a junior. I am not a junior in the forex business.

Please do not understand me wrong. To explore and to study these markets comes natural for anyone who wants to make a living from it. There is nothing wrong in educating yourself.
All i am trying to say here is : Do not dig too deep for answers. Many have tried it before you. It is like trying to re-invent the wheel....
In this same forum an australian trader explained through experience how the trading stations and banks are trading against the small traders. ( traders like me and you) If you trade purely technical the odds are against you because the big guys in this business knows where your stops are, they know your trading strategies and they use it time and again against you.
Instead of looking for the ultimate trading methodology rather look for something to outsmart the big guns. Once you change your thinking to do that you will see things which you can't see while looking for the holy grail.

An open mind with a strong business outlook did it for me. IT WORKS!!
Never Ever Give Up!
  • #18
  • Jun 14, 2006 4:10am Jun 14, 2006 4:10am
Dialist.. agreed!

So.. back to our regularly scheduled program..

I have the deep personal belief in math.. I believe you haven't really lived until you've learned calculus. Why? Because sometimes, a man just has to be able to answer the question, "how fast is my shadow moving if the lamppost is 15 feet high, and I'm walking away from it at 4 miles per hour?" How? Calculus. Calculus is your friend, math is your friend.

So with that said... What I have been working on for the past two hours.. Inflection points.

Ok, so I'm digging WAY BACK to the back of my brain, for all the calculus classes I fell asleep in..

Critical Point; Namely the Saddle point.

http://www.math.uic.edu/%7Emath210/n...critpts-13.gif

Also known as a "mini-max" which is kind of oxymoronic IMHO, it is however, a critical point. It is the CRITICAL POINT OF INFLECTION OF TWO DIMENSIONS.

If a bar chart gives me 2 items: namely price and time; Knowing where the "Saddlepoint" is will tell me quite a bit. The problem I haven't quite figured out is, if time is a variable or a constant. On the one part, I want to say it's a variable, because N as X->Infinity, gives me a moving item which means it's a variable. But on the other hand, the 4Hour chart is just that, 4 Hours per bar, very constant.. So I'm at internal struggles with it.

If Time is a VARIABLE, then I'm looking for the saddle point..

If time is a CONSTANT, then I'm looking just for the inflection point.

http://www.math.uic.edu/%7Emath210/n.../critpts-6.gif

So I have started to write indicators that do nothing but indicate critical points of inflection..

HOWEVER,

Seeing a saddlepoint done in 3D grid,

http://www.math.ucla.edu/%7Eronmiech...9/IMG00005.GIF

That looks SOOOO Guppy Indicator it's not funny! So what, Guppy will give me point of inflection??

http://www.performancetrading.it/Doc...Ims_GuppyB.gif

Guppy Indicator for visual comparison..

Given 8~10 MA's of different length;
Conjecture that delta(MA(n) vs MA(n+1))
the rate of change on each corresponding MA's will tell me "rise or fall" speed, allowing me to predict (possibly) an inflection point. If everything is CONVERGING, then I can predict possible point of inflection at present rate. (Kind of like finding out how fast your shadow is moving) it's just 1st order Derivative. What about 2nd Order then? 2nd order Derivative, which is Concavity which I knew I could calculate..

Grr.. spinning in circles..

Wait, if I took the MA, and assume it was the 1st order derivative of someone (namely "price")..

then can I, in theory predict what the price "should" be and calculate the offset of the target price vs the actual price?

Integral (EMA(X)) + N = Price. Where N is the offset.

But what do I do with the price offset? How does knowing the Yen should be at 112.10 right now vs 112.30 right now, help me? It's +20 pips too high?? But wait, MA is a LAGGING indicator, and so I can't assume it's right, it was right X bars ago, it ain't right now.. So how do you compensate for the lag? Or do you not? If we have 2~3 points, we can draw a line, that projects out to the future, and that line "can" be our prediction. Given 2~3 lines, we can set then threshold limits of which when broken, means the start of a trend. OR, it means the end of one..

Or does it allow us to hunt for tops and bottoms? Point of inflection, is just that isn't it?

http://en.wikipedia.org/wiki/Derivative_(generalizations)

Quote
For real valued functions from Rn to R, the total derivative is often called the gradient. An intuitive interpretation of the gradient is that it points "up": in other words, it points in the direction of fastest increase of the function. It can be used to calculate directional derivatives of scalar functions or normal directions.

Several linear combinations of partial derivatives are especially useful in the context of differential equations defined by a vector valued function Rn to Rn. The divergence gives a measure of how much "source" or "sink" near a point there is. It can be used to calculate flux by divergence theorem. The curl measures how much "rotation" a vector field has near a point.

The convective derivative takes into account changes due to time dependence and motion through space along vector field.

So a Vector Derivative will give me not only direction, but specifcally, the peak point of that direction.. If I know the peak point, then by definition of "peak" doesn't that mean it's all "downhill" from there, or "uphill from there" if I'm short instead of long??

http://ltcconline.net/greenl/courses...Deriv/GRAD.HTM

There are times you wish you didn't sleep through calc class..
google:
  • #19
  • Jun 14, 2006 4:26am Jun 14, 2006 4:26am
Cobra..

Pretty much, I think you took these quotes below from friends of Andrew Wiles...
If you don't know who Andrew Wiles is, google him. Or better yet, I've linked him to his Wiki..

When I find the Secret Sauce, I will say, as Edward Leedskalnin did, "I have discovered the secret" and you will, like everybody else did at the time, poo poo all over the theory, because you feel that since you can't find the secret, then little ol' Twoblink can't possibly find the secret.. And I will then respond as Edward did.. I will take it with me to my grave.

Thank you for the kind words of discouragement; but please, this is _MY_ journal, and so this will be the last time I respond to your posts.

Many have tried, many have failed. That's true with everything. If Bill Gates told you he wanted to become a Billionaire, you would have discouraged him I'm sure.

"Try again. Fail again. Fail BETTER." (Beckett)

The world needs more who encourage, not discourage. You are Junior not because of the number of your posts, but you are junior because of the breadth of your thinking..

Quote
An open mind with a strong business outlook did it for me.

A person who discourages others from trying has an open mind.. I guess your dictionary is different than mine.

''blink


Quoting Cobra
fxvision

Thx for helping me out on the Gann story.

twoblink

In this forum i am a junior member. I know people don't take much notice if they think you are a junior. I am not a junior in the forex business.

Please do not understand me wrong. To explore and to study these markets comes natural for anyone who wants to make a living from it. There is nothing wrong in educating yourself.
All i am trying to say here is : Do not dig too deep for answers. Many have tried it before you. It is like trying to re-invent the wheel....
In this same forum an australian trader explained through experience how the trading stations and banks are trading against the small traders. ( traders like me and you) If you trade purely technical the odds are against you because the big guys in this business knows where your stops are, they know your trading strategies and they use it time and again against you.
Instead of looking for the ultimate trading methodology rather look for something to outsmart the big guns. Once you change your thinking to do that you will see things which you can't see while looking for the holy grail.

An open mind with a strong business outlook did it for me. IT WORKS!!
google:
  • #20
  • Jun 14, 2006 4:34am Jun 14, 2006 4:34am
So,

Once again, I had to break my nice stream of thought to answer stupid discouragements..

So, I programmed in a slope indicator (no, I'm not sharing..) and it's working incredibly well.

But when it's just rocking back and forth on the inflection point, it's generating too many false signals.

So, if the Military is correct, I gotta FILTER FIRST.

After Filtering, it's quite nice!!

The problem is, I'm in late, and out late..
google:
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