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Ramblings of a Forex Junkie

  • #3,161
  • May 7, 2013 4:49pm May 7, 2013 4:49pm
[quote=4x.zombie;6663757]
Quoting landsat
i think i need to give some explanation 1.the one who want to talk about MM % risk and give me lesson saying im wrong in order to go further should be able to clearly explain and calculate the following : 1. my trading system can have 17 losing trade in a row with 15 pips stop loss , if this happen i don't wantr to lose more than 50% of my capital , what is the formula i should use..... Hello Landsat and All, Perhaps you are overlooking that your system may have whatever amount of losing trades, at whatever pips per stop...

Howdy.
  • #3,162
  • May 7, 2013 4:51pm May 7, 2013 4:51pm
mmaker: "Taleb wrote about this in his 2001 book 'Fooled By Randomness'. His 2007 book 'The Black Swan' extended the metaphor"

Sorry mmaker. The mc simulator info also appeared (and first) in Fooled. I should have referenced that one too. Glad you knew it.

The paradox and irony in all of this is that "random walk" folks say, "the same patterns, trends and formations appear in random data".
That is true but it does not mean that they never are the result of human behavior and far from random and therefore predictable to some extent.
TRADING. It isn't rocket surgery.
  • #3,163
  • May 7, 2013 5:02pm May 7, 2013 5:02pm
[quote=Seneca pilot;6663770]
Quoting 4x.zombie
{quote} Howdy.
What are you doing with my hat on?
  • #3,164
  • May 7, 2013 5:07pm May 7, 2013 5:07pm
[quote=tubguy;6663797]
Quoting Seneca pilot
{quote} What are you doing with my hat on?
Stretching it over my big fat head. It'll never fit now.

Have you already switched from felt to straw?
  • #3,165
  • May 7, 2013 5:09pm May 7, 2013 5:09pm
Quoting 4x.zombie
mmaker: "Taleb wrote about this in his 2001 book 'Fooled By Randomness'. His 2007 book 'The Black Swan' extended the metaphor" Sorry mmaker. The mc simulator info also appeared (and first) in Fooled. I should have referenced that one too. Glad you knew it. The paradox and irony in all of this is that "random walk" folks say, "the same patterns, trends and formations appear in random data". That is true but it does not mean that they never are the result of human behavior and far from random and therefore predictable to some extent.
Markets are chaotic... random events producing repeatable patterns.

They're also scaleable, anything true on one timeframe must also be true for all timeframes...
tradewith60
  • #3,166
  • May 7, 2013 5:21pm May 7, 2013 5:21pm
[quote=Seneca pilot;6663803]
Quoting tubguy
{quote} Stretching it over my big fat head. It'll never fit now. Have you already switched from felt to straw?
Haha, always black felt. I hate straw.
  • #3,167
  • May 7, 2013 5:23pm May 7, 2013 5:23pm
Quoting 60minuteman
{quote} Markets are chaotic... random events producing repeatable patterns. They're also scaleable, anything true on one timeframe must also be true for all timeframes...
Hi 60mm,

>>Scalable.
So true. Benoit Mandlebrot, the father of fractals, put that into our numerical lexicon.
I think that phenom is a lot more useful than fibs. (it's just what works for me).

>> random events producing repeatable patterns
True again, but as stated, it does not mitigate my proviso that human behavior (purposeful, not random) also produces the same.

Bye for now.

PS. Tubguy, hose down that bean bag!
TRADING. It isn't rocket surgery.
  • #3,168
  • May 7, 2013 5:43pm May 7, 2013 5:43pm
yeah fractal geometry, really cool and very very true....

not seen many traders using it, well not many that have decided to share it with the general public anyway..
tradewith60
  • #3,169
  • May 7, 2013 5:52pm May 7, 2013 5:52pm
[quote=tubguy;6663818]
Quoting Seneca pilot
{quote} Haha, always black felt. I hate straw.
Felt in the summer? Won't that cause a ruckuss.
  • #3,170
  • May 7, 2013 5:53pm May 7, 2013 5:53pm
Quoting 60minuteman
yeah fractal geometry, really cool and very very true.... not seen many traders using it, well not many that have decided to share it with the general public anyway..
He has tried to explain it to me but it goes right over my head. I see things and act on them. I know very little deep math. I am somewhat familiar with the Mandelbrot from Seinfeld. The eighty year old trainer. Oh wait that was mandelbaum. Never mind.
  • #3,171
  • May 7, 2013 5:58pm May 7, 2013 5:58pm
Quoting Seneca pilot
{quote} He has tried to explain it to me but it goes right over my head. I see things and act on them. I know very little deep math. I am somewhat familiar with the Mandelbrot from Seinfeld. The eighty year old trainer. Oh wait that was mandelbaum. Never mind.
well it's just another way of saying that any patterns that are true on m15 must also be true on h1, h4 and daily
tradewith60
  • #3,172
  • May 7, 2013 5:59pm May 7, 2013 5:59pm
Quoting 60minuteman
{quote} well it's just another way of saying that any patterns that are true on m15 must also be true on h1, h4 and daily
Yeah I am just having a little fun.
  • #3,173
  • May 7, 2013 6:03pm May 7, 2013 6:03pm
Quoting Seneca pilot
{quote} Yeah I am just having a little fun.
i thought so, but you lost me back there too

seems the mod's have decided to punish me not by deleting my account but by deleting my avatar... that's funny
tradewith60
  • #3,174
  • May 7, 2013 6:07pm May 7, 2013 6:07pm
Sholom Aloha, Mandlebrot here.
(Mandelbaum says hi)

The greatest fractal application for trading came to me from an old floor trader. I think his name was Leo Malamed.

"up down up, down up down"

Simple, no?
TRADING. It isn't rocket surgery.
  • #3,175
  • May 7, 2013 6:08pm May 7, 2013 6:08pm
Quoting 60minuteman
{quote} i thought so, but you lost me back there too seems the mod's have decided to punish me not by deleting my account but by deleting my avatar... that's funny
They have been doing some increasingly weird things lately maybe because they:

Inserted Video
  • #3,176
  • May 7, 2013 6:12pm May 7, 2013 6:12pm
Quoting 4x.zombie
Sholom Aloha, Mandlebrot here. (Mandelbaum says hi) The greatest fractal application for trading came to me from an old floor trader. I think his name was Leo Malamed. "up down up, down up down" Simple, no?
last bar closed down, most likely, next bar will be down... my favourite strategy by far
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-05-08 at 00.11.47.png Size: 28 KB
tradewith60
  • #3,177
  • May 7, 2013 6:19pm May 7, 2013 6:19pm
Quoting 4x.zombie
Sholom Aloha, Mandlebrot here. (Mandelbaum says hi) The greatest fractal application for trading came to me from an old floor trader. I think his name was Leo Malamed. "up down up, down up down" Simple, no?
You are confusing your trading mentor with your sex education teacher again.
  • #3,178
  • May 7, 2013 6:21pm May 7, 2013 6:21pm
Quoting 60minuteman
{quote} last bar closed down, most likely, next bar will be down... my favourite strategy by far {image}


Very funny 60mm! Your sarcasm is not wasted on me!

Obviously you are color blind so let me point out that your own chart sample disproves your statement.
The bars or candles don't know, but the patterns do.

PS. I made the fractal public for free. Mandelbaum said I should have charged.
TRADING. It isn't rocket surgery.
  • #3,179
  • May 7, 2013 6:31pm May 7, 2013 6:31pm
Quoting Seneca pilot
{quote} You are confusing your trading mentor with your sex education teacher again.
SP, you are a Philistine, a barbarian, a vulgarian. Therefore I have vouched for you.
If you had known it was up, down, up, down, you would not now be the father of triplets at age 57.
The Buddha said, "Stiff dick has no conscience". He did not reference the brain.
TRADING. It isn't rocket surgery.
  • #3,180
  • May 7, 2013 6:34pm May 7, 2013 6:34pm
Quoting 4x.zombie
{quote} SP, you are a Philistine, a barbarian, a vulgarian. Therefore I have vouched for you. If you had known it was up, down, up, down, you would not now be the father of triplets at age 57. The Buddha said, "Stiff dick has no conscience". He did not reference the brain.
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