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Statistical Gambling System (High Winrate, but NO EDGE)

  • #281
  • Edited 12:44pm Jan 25, 2014 12:31pm | Edited 12:44pm
Quoting Rap Skallion
{quote} Especially :"Each and every market day is different as is the range of each market relevant session. London, TK, NY all trade inside of the same Market Daily Candle, but quite often will stay inside of the range created by the London Session. Any break outs above or below are an "almost", guaranteed retrace". My instincts tell me this is quite correct: that the GBP has influence far beyond the size of their economy is pretty well accepted... Intend to keep an eye out for such Breakouts catch their statistics in attempt to better understand...
The real Meat of the Matter is that all sessions will play the same money, just not necessarily on the same day.

I used to track n trade thse, looking for the hidden areas where support and resistance are actually based on the daily roll of independent sessions.

Track down the isession indicator. Add it to your current template and make a couple of relevant session charts. You'd actually be amazed at how these play out. It takes a little time to get it set proper, as you will have to adjust the timezones to your current broker, but is well worth the time.

My typical observations were for TK, London and NY and always based on the EURUSD cross.

I have a few charts in my history that give an idea of how I used to watch n play these. Set the targets by the lines and wait for direction from there on out.

Example HERE.
Edit...
A couple more HERE.
And HERE.
And HERE.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #282
  • Jan 25, 2014 12:47pm Jan 25, 2014 12:47pm
Quoting billytt
{quote} snap, lol edit,, that does make sense Rap. I personally only traded 3 or 4 pairs so I didn't have any stats to cross trade
http://www.myfxbook.com/forex-market/correlation : You can get lost in the correlations on this page... Actually I was stumbling around on this page when I came upon the idea of Parent -Child on which I am now fixated.

I have been considering the use of this method on different chart time frames and this is what I came up with (could be right -- or not!)

The daily chart is too slow. Parents will change their minds all but a few times at this time range. Operations on Bar[0] is just like going to a faster time frame.

There seems to be a Goldilocks parallel In that the other end of the scale seems too fast. There is a given amount of sashay to a signal so that by chance, rather than a true trend, The parents can issue false starts and vetoes, followed by never minds as soon as you enter. You need(except in unusual circumstances) much more than one or two bars to reach a decent tp. I prefer to reach that tp in as few bars as possible., and at least some time for the parents to "Make up their minds".

Of course, when in profit, my greedy heart is biased toward taking the money and running. You can always re-enter upon a push from a parent, or news.
When in loss, though, what is the point of correlated hedges unless you can give a trade some time to make good?
That is where I am in debate as to what the best course is.
On all time frames the parents seem to influence the child. I have never seen a child "disobey " its parents. Perhaps on a surprise news event this can happen -- but how often won't the parents quickly line up with the news as well?

good luck with your trades
  • #283
  • Jan 25, 2014 12:53pm Jan 25, 2014 12:53pm
The only reason i am following this thread is for the entertainment........

The last time i saw such a hickeldy pickeldy strategy was back when this forum opened and everybody thought that any and all indicators were Gods gift to forex traders...... Boy were they in for a surprise........

Just my 2 cents, dont bother banning me from the thread as i am sure i wont be posting again.........

but following the Soapie......Yeahhhh..........
  • #284
  • Jan 25, 2014 1:10pm Jan 25, 2014 1:10pm
Quoting Gvc
The only reason i am following this thread is for the entertainment........ The last time i saw such a hickeldy pickeldy strategy was back when this forum opened and everybody thought that any and all indicators were Gods gift to forex traders...... Boy were they in for a surprise........ Just my 2 cents, dont bother banning me from the thread as i am sure i wont be posting again......... but following the Soapie......Yeahhhh..........
Awwwwwwwww...

Cummon G.

Whip together a little something for the $100 gambler...

Not like we're playing for keeps r nothing...just for shitz n gigglez really...who knows, might pick up an idea along the way...

It's all good.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #285
  • Jan 25, 2014 1:19pm Jan 25, 2014 1:19pm
Now Now Magix

We will have to offer higher odds to the opponent and i am still not sure that will be fair.......
  • #286
  • Jan 25, 2014 1:24pm Jan 25, 2014 1:24pm
Quoting promisedea
{quote} Don't be ignorant. You don't know does not mean that good EA doesn't exist like if you don't believe God doesn't mean He does't exist.
Hi, sorry to offend.surf the web and you will see thousands and thousands of sites selling EAs. I wonder why. I believe a person can programme an EA which he can use to help himself as a tool. As for selling it I shall not answer. May I ask. Do you trade using real money. I do not need to know your answer. As for god loll. Drop me a line in 6 months when you've made it. Be good trade well. As for god lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #287
  • Jan 25, 2014 1:29pm Jan 25, 2014 1:29pm
Quoting Gvc
Now Now Magix We will have to offer higher odds to the opponent and i am still not sure that will be fair.......

Higher odds?

Cripes no!

By logic alone, after my EA takes it's first trigger, it will spend 100% of market time in a trade.
And, if there is a big enough gap, mine will start off almost immediately...

By cost averaging and market exposure alone, I am standing against the odds of actually surviving the week with a hundred bucks.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #288
  • Jan 25, 2014 1:30pm Jan 25, 2014 1:30pm
Quoting GEfx
{quote} This is my last post of this thread, since there is nothing to learn here, nor no one to teach. Billyt, please resist taking the bait. There has already been too much fighting on this, and the previous, thread. Magix, you are a no nothing trouble maker, and if Proximus were smart, he'd put you on the ignore list, too. Take care guys, and have a good weekend. Edit: Sorry about the "smart" comment. Instead, maybe, "Proximus, please consider putting Magix on ignore."
Thanks bud. I have a laugh reading these posts from wannabee traders and I shall not bite. I actually do get peed off when muppets say show your EA. I never ever used an EA. I no longer trade but I did have some super software for placing trades and getting out. Be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #289
  • Jan 25, 2014 1:41pm Jan 25, 2014 1:41pm
Rap. I think years ago your parent child idea would of worked better that is pre computer age. As for trading I have stopped. Ok I play around scalping for these muppets to view. I am waiting for Proxy to ask about my very simple cross over method so I might just do a few trades to show AND use real money because I shall not fail. That is how confident I am. Be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #290
  • Jan 25, 2014 2:01pm Jan 25, 2014 2:01pm
Quoting billytt
Rap. I think years ago your parent child idea would of worked better that is pre computer age. As for trading I have stopped. Ok I play around scalping for these muppets to view. I am waiting for Proxy to ask about my very simple cross over method so I might just do a few trades to show AND use real money because I shall not fail. That is how confident I am. Be good
I think, like everybody else, he's just ignoring you.

Really, the only people that seem to respond to you are people that question your sanity...

Quoting mister me
{quote} are you having some issues relating to your mind,the op has already said hes moved threads ,your ranting on and on about gurus ect,theres nobody here,go see your doctor he can refer you to a specialist of mind. good luck
Quoting Bigcandle
{quote} Are you mad? I think you may be sitting infront of pc to long
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #291
  • Jan 26, 2014 1:47am Jan 26, 2014 1:47am
Attached Image
Attachment tell the truth ,are you a trader.PNG
Non Trader No2 made a good point regarding placing charts with hindsight, The chart posted is e/u 15 min chart up to close 21-45 Fri evening.
I know we should not be trading over weekend but can you see the box within a box.
Speaking gambling who can trade this, and I do not mean long and short at the same time. This is INDECISION
Attached Image (click to enlarge)
Click to Enlarge Name: 2601.PNG Size: 63 KB
are you a trader.PNG
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #292
  • Jan 26, 2014 9:16am Jan 26, 2014 9:16am
Quoting billytt
{image}1355912tell the truth ,are you a trader.PNG Non Trader No2 made a good point regarding placing charts with hindsight, The chart posted is e/u 15 min chart up to close 21-45 Fri evening. I know we should not be trading over weekend but can you see the box within a box. Speaking gambling who can trade this, and I do not mean long and short at the same time. This is INDECISION{image}are...
That's great, billy.

Why don't you throw a BB MA on the chart and post your results back at your little nuthouse...

Nobody Cares.
For the mere illusion of sanity, you could at least try to keep thread relevant...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #293
  • Jan 26, 2014 9:21am Jan 26, 2014 9:21am
M1 Dynamic Trader...

Loaded and ready for the week.

TE results HERE.

Trade Pair - EURUSD
Account start, $100
Start Lot - .01
Increment - .01
Minimum Step - 10
Profit - Dynamic - Market defined.

This will trade according to the predefined rules for triggering and allow cost averaging with a minimum grid of 10 pips and a subsequent trigger. Though I am shooting for profit with each trade, the EA is instructed to close at a loss on a counter trigger.

Let the games begin!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #294
  • Jan 26, 2014 12:27pm Jan 26, 2014 12:27pm
Quoting billytt
{image}1355912tell the truth ,are you a trader.PNG Non Trader No2 made a good point regarding placing charts with hindsight, The chart posted is e/u 15 min chart up to close 21-45 Fri evening. I know we should not be trading over weekend but can you see the box within a box. Speaking gambling who can trade this, and I do not mean long and short at the same time. This is INDECISION{image}[url=http://www.forexfactory.com/attachment.php?attachmentid=1355912&stc=1&d=1390722564]are...
How about this billy, instead of asking others how they do it, why not man up and show others how YOU do it. It's easy, just say you are going to be long or short at x price before the price actually gets there.

There is your predetermined entry.

An even better way is to get an account and link your TE to it, and collect data. I hear that keeping a trading journal is essential if you are going to be taken seriously.
If you are good at something, never do it for free--Joker
  • #295
  • Jan 26, 2014 1:08pm Jan 26, 2014 1:08pm
Quoting jmn5611
{quote} How about this billy, instead of asking others how they do it, why not man up and show others how YOU do it. It's easy, just say you are going to be long or short at x price before the price actually gets there. There is your predetermined entry. An even better way is to get an account and link your TE to it, and collect data. I hear that keeping a trading journal is essential if you are going to be taken seriously.
How's bout, NO.

I already hear the toilet flush in my head when I refresh and have to look at one of his posts...

It is really easy to see why billy spends a lot of his time posting in isolation...the dude is flat out nuts...the only thing that would make his thoughts more creepy is if he posted .gifs of spiders crawling outside of his lunacy.

So, I would say the same thing...He can take crazy back to where he brought it from and if cannot keep thread related should keep silent.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #296
  • Jan 26, 2014 1:09pm Jan 26, 2014 1:09pm
The last chart I posted is for benefit of Proxy and is keeping with the gamble thread. I personally would not of traded this with too much money but you see the 3 red lines I would of entered on one of the outer ones being broken or if you are really itching trade off the inner red IF broken. No BB no nothing just price action. I never ever used BB.As for TE. I have no need to prove anything I do not sell on FF.
Like I said earlier one shouldn't trade over weekend but this could be fun. Be good all
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #297
  • Jan 26, 2014 1:22pm Jan 26, 2014 1:22pm
Sorry room but I am being a victim from someone who has been named a troll in many rooms by different people and has also been suspended so I hear. I shall not take the bait but this nameless faceless scum fits the profile of one who preys on the weak internet and no doubt children. He trades by buying and selling a pair at the same time. Oh well I only hope he never has to live by trading as I did. I guess he will have to end up selling his ass. Be good room and lets help Proxy
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #298
  • Jan 26, 2014 1:24pm Jan 26, 2014 1:24pm
Quoting Magix
{quote} How's bout, NO. I already hear the toilet flush in my head when I refresh and have to look at one of his posts... It is really easy to see why billy spends a lot of his time posting in isolation...the dude is flat out nuts...the only thing that would make his thoughts more creepy is if he posted .gifs of spiders crawling outside of his lunacy. So, I would say the same thing...He can take crazy back to where he brought it from and if cannot keep thread related should keep silent.
It is unlikely that he will do that, he needs the attention, just like his buddy. Now he just posted that he would trade box breakouts while telling others to "think outside the box".

That is hilarious.
If you are good at something, never do it for free--Joker
  • #299
  • Jan 26, 2014 1:31pm Jan 26, 2014 1:31pm
billy, how are you helping Proximus by posting hindsight charts?

He needs ideas to build a system. Or to tweak an already existing system. You are not trying to help anyone but yourself.
If you are good at something, never do it for free--Joker
  • #300
  • Jan 26, 2014 1:45pm Jan 26, 2014 1:45pm
Quoting billytt
Sorry room but I am being a victim from someone who has been named a troll in many rooms by different people and has also been suspended so I hear. I shall not take the bait but this nameless faceless scum fits the profile of one who preys on the weak internet and no doubt children. He trades by buying and selling a pair at the same time. Oh well I only hope he never has to live by trading as I did. I guess he will have to end up selling his ass. Be good room and lets help Proxy
See what I mean?
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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