Disliked{quote} It doesn't take much time for any of your followers to link and post a TradeExplorer. It actually wastes a lot more time (with bickering) trying to defend or explain WHY they can't show a TradeExplorer trading this method. Is it so hard to show that this method actually works?Ignored
- #3,903
- Jan 21, 2014 12:10am Jan 21, 2014 12:10am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #3,904
- Jan 21, 2014 12:17am Jan 21, 2014 12:17am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
No offense to Seneca_pilot, but I'm not overly concerned whether he's profitable or not, or posts a Trade Explorer or not, because it makes no difference to my own financial situation. Like Flipper58 says, I've taken the information in this thread, gone to the trouble of performing some objective testing (with the help of my programmer friend), and satisfied myself of its value.
- #3,916
- Jan 26, 2014 4:21am Jan 26, 2014 4:21am
Hi, i am new here actually first post, so bear with me 
I really appreciate this thread and its great stuff for the newbies, anyways i noticed that most of the systems that are rated well work with levels, zones, boxes, and so on... based on some previous levels like SP says open close high low whatever.
I take the levels as pending orders where many people place their orders so the price has to change there, some hold , others not...
As you all probably know all currency pair have to correlate, so if i divide the EURJPY by EURUSD i get the price of USDJPY (139 / 1,36 = cca. 102 ) if you put the exact numbers it will be always the same +- few pips. There are algorithms that trade on this to always level the price, so it actually is pretty precise.
My idea is (if you know the thread where they discuss this please reffer me i tried to look but didnīt find any). So you take a level from one currency and apply it to another currency only the significant ones, because if there is a big ressitance on eurusd and the price jumps back down of it, it naturaly have to react on the trend of other pairs, only based on mathematics, of course i have to adjust the significance of this levels by the volume and stuff, so for example this level from EUR/JPY has only 5 % influence on EURUSD (made up), BUT
If you take some level from eurusd, how do you apply it to another currency, ok, i took the exact time when it happend compared to same time and the price EURjpy and set the level. so the difference between eurusd and eurjpy is now USDJPY, but this is not fixed, usdjpy moves too up or down so it actually moves the level because the correlation at that exact time is broken, so there has to be created a system that automaticaly recalculates the level from eurusd, applied to eurjpy, and recalibrate every hour(whatever) according to the USDJPY, so now you get a floating level that you are sure that there are pending orders here and will influence the price.
I just started to think about this and there is a lot of research needed, i just wanted to know your feedback and whether you know of some thread, method, that takes this mathematical correlation into account, mainly with the levels, thank you if you are interested into the mechanics and more examples just let me know i will try to explain better. If this idea has any sense at all
David
I really appreciate this thread and its great stuff for the newbies
, anyways i noticed that most of the systems that are rated well work with levels, zones, boxes, and so on... based on some previous levels like SP says open close high low whatever. I take the levels as pending orders where many people place their orders so the price has to change there, some hold , others not...
As you all probably know all currency pair have to correlate, so if i divide the EURJPY by EURUSD i get the price of USDJPY (139 / 1,36 = cca. 102 ) if you put the exact numbers it will be always the same +- few pips. There are algorithms that trade on this to always level the price, so it actually is pretty precise.
My idea is (if you know the thread where they discuss this please reffer me i tried to look but didnīt find any). So you take a level from one currency and apply it to another currency only the significant ones, because if there is a big ressitance on eurusd and the price jumps back down of it, it naturaly have to react on the trend of other pairs, only based on mathematics, of course i have to adjust the significance of this levels by the volume and stuff, so for example this level from EUR/JPY has only 5 % influence on EURUSD (made up), BUT
If you take some level from eurusd, how do you apply it to another currency, ok, i took the exact time when it happend compared to same time and the price EURjpy and set the level. so the difference between eurusd and eurjpy is now USDJPY, but this is not fixed, usdjpy moves too up or down so it actually moves the level because the correlation at that exact time is broken, so there has to be created a system that automaticaly recalculates the level from eurusd, applied to eurjpy, and recalibrate every hour(whatever) according to the USDJPY, so now you get a floating level that you are sure that there are pending orders here and will influence the price.
I just started to think about this and there is a lot of research needed, i just wanted to know your feedback and whether you know of some thread, method, that takes this mathematical correlation into account, mainly with the levels, thank you
if you are interested into the mechanics and more examples just let me know i will try to explain better. If this idea has any sense at all David
- #3,917
- Jan 26, 2014 8:55pm Jan 26, 2014 8:55pm
- Joined May 2011 | Status: Trader | 1,797 Posts
Hi, i am new here actually first post, so bear with me
{quote} I lost money for years before I figured out that this easy living was hard and I needed to actually learn. I did reasonably well investing and trading in stocks. When I decided to try futures I got killed. If took several years to figure this out. My methods weren't the problem. My mind was what was my undoing. Everyone is different but for me it was ten percent mechanics and ninety percent mental.
Thanks for the response. However, I kinda disagree with u regarding psychology vs edge. Even if u have the best psychology, without a profitable and proven edge, u will still lose. But if u have an edge, u don't really need much positive psychology, dont u? It's either ur method works or not. Period.
Ur principle and concepts to trading are real eye-opener, and I'm currently testing ur method which I have backtested and customised based on my research. It has yielded very positive result which I have tested based on about 6 years data using an ea. It is quite similar to what Psychophant had shared in post 388(it is quite a lot of pages here
). I am testing it live to see if it actually works in real time trading. I am finally able to test my method objectively and not based on some unverified claims of some FF gurus. Thanks for sharing ur concepts, even though u may not share too much on the specifics. Ur concept is really worth more than most of the systems taught by the FF gurus. I hope to one day trade full time, just like u ?
Make everything as simple as possible, but not simpler.
