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What's your edge?

  • #1
  • First Post: Edited Sep 14, 2018 12:14am Jul 16, 2006 1:56pm | Edited Sep 14, 2018 12:14am
1
  • #2
  • Jul 16, 2006 2:07pm Jul 16, 2006 2:07pm
Quoting Dark1
Fun question, how many of you guys believe you have an edge that will allow you to come out on top at the end?

Anyone care to reveal the general nature of their 'edge'? Be it psychic visions or superior understanding of price action/fundamentals.
My edge is that I can find and exploit riskless trading opportunities...
  • #3
  • Jul 16, 2006 2:12pm Jul 16, 2006 2:12pm
Good question. I think my greatest asset as a trader is knowing my own strengths and weaknesses, I am aware of my own emotions when I trade and I know when to stay out of the markets. Combine that with good discipline, risk control/money management and a firm understanding of price action, I think have an edge against other traders, even institutional ones. My bottom line shows it, so I believe it
Always wait for the opportune moment… just be careful not to miss it.
  • #4
  • Jul 16, 2006 2:14pm Jul 16, 2006 2:14pm
It takes a little bit of time, and you have to be able to tune into the world jungian consciousness, your reference of thought needs to be what the general world sees happening. Only then can you make decisions regarding price direction with accuracy.

It takes a lot of infrastructure to do this, you need SAT TV, and watch what the rest of the world is seeing. Anticipate their fears/desires. You need lots of newswires. The best ones are the ones that the national secret service agencies use. They get tippped off way in advance.

1)SAT TV
2)Internet newswires/realtime
3)actual interbank spread/order flow
4)charting software with multiple monitors/timeframes displayed
5)mental acuteness
6)minimal latency in price feeds/with backups
7)secure network
8)world clocks in different timezones
9)caffeine
10)free of personal problems/worries
11)survival is not dependent on the money you make in derivatives
12)clearing firms with good service
13)music
14)monitors with other markets displayed/oil/gold/bonds/equities/international indicies

The above are some of the things that are a must, when anticipating future price direction movements in derivatives. With all this information one can anticipate future price direction to a high degree of probability.

15) Risk Management, even using all this you need to be able to excute and carry out of plan, with predefined risk/reward, and when stopped out figure out why your wrong.
Price is the only indicator.
  • #5
  • Jan 4, 2008 7:13am Jan 4, 2008 7:13am
Did we ever figure this one out?
  • #6
  • Edited 8:42pm Jan 5, 2008 8:29pm | Edited 8:42pm
Quoting Darkstar
My edge is that I can find and exploit riskless trading opportunities...

Hmm... it kind of scares me that you would say anything in the world could be riskless, let alone the forex.

Money Management is my edge. No matter how good or bad a day, week, month is good money management will always allow you to trade another day.

I enjoyed Spectre's statement on Risk management. For a while I have considered myself a risk manager instead of a money manager. However if you have a plan, your plan should include losses. You don't always need to beat a loss into the ground trying to figure out what happened. Good trades can and do go bad, if you planned the trade out and had reasons to enter with a good risk to reward ratio than a loss is nothing to worry about. After all, that is the Risk side of the risk / reward ratio. Bad trades can turn good as well, this doesn't mean they were taken for the right reasons.

Hurray for another resurrected thread. This might mean people are actually starting to use the search feature. At least I'd like to believe that.
The basis of a democratic state is liberty. ~ Aristotle
  • #7
  • Jan 5, 2008 8:49pm Jan 5, 2008 8:49pm
Breakouts, adding to winning positions, & money management
  • #8
  • Jan 5, 2008 11:43pm Jan 5, 2008 11:43pm
Quoting Darkstar
My edge is that I can find and exploit riskless trading opportunities...
Riskless? What can you possibly mean by this? That your win rate is a guaranteed 100%? That a trade can't possibly move a single pip the wrong side of your entry point?

If the forex market provides opportunities of perfect arbitrage, then contrary to what the majority of experienced traders say here, the H--y Gr--l does in fact exist.

David
  • #9
  • Jan 6, 2008 12:04am Jan 6, 2008 12:04am
Out of sample testing and statistical inference.
The breaking of a wave cannot explain the whole sea.
  • #10
  • Jan 6, 2008 4:39am Jan 6, 2008 4:39am
Quoting Spectre2006
It takes a little bit of time, and you have to be able to tune into the world jungian consciousness, your reference of thought needs to be what the general world sees happening. Only then can you make decisions regarding price direction with accuracy.

It takes a lot of infrastructure to do this, you need SAT TV, and watch what the rest of the world is seeing. Anticipate their fears/desires. You need lots of newswires. The best ones are the ones that the national secret service agencies use. They get tippped off way in advance.

1)SAT TV
2)Internet newswires/realtime
3)actual interbank spread/order flow
4)charting software with multiple monitors/timeframes displayed
5)mental acuteness
6)minimal latency in price feeds/with backups
7)secure network
8)world clocks in different timezones
9)caffeine
10)free of personal problems/worries
11)survival is not dependent on the money you make in derivatives
12)clearing firms with good service
13)music
14)monitors with other markets displayed/oil/gold/bonds/equities/international indicies

The above are some of the things that are a must, when anticipating future price direction movements in derivatives. With all this information one can anticipate future price direction to a high degree of probability.

15) Risk Management, even using all this you need to be able to excute and carry out of plan, with predefined risk/reward, and when stopped out figure out why your wrong.
could you please elaborate on which ones these would be?
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #11
  • Jan 6, 2008 4:57am Jan 6, 2008 4:57am
He speculates as a single human being, attempting to be the Nostradomus of Central Bankers intentions.

Ask him more pragmatic questions, such as timeframe of trades, stop losses, etc. Otherwise, you are better of asking the Astrologer or European Psychic advisor for forecasts.

Oh, and of course we'd like to see a track record, right?

Quoting coscorp
could you please elaborate on which ones these would be?
  • #12
  • Jan 21, 2008 12:36pm Jan 21, 2008 12:36pm
Pipe up, I'd like to hear it, and I bet others would too.
  • #13
  • Feb 9, 2008 8:17am Feb 9, 2008 8:17am
Never revealing my edge in a public forum

Carpe Divitiae
  • #14
  • Feb 9, 2008 10:52am Feb 9, 2008 10:52am
my edge is I have a strategy that has a relatively good profit factor and I trade it with extreme discipline :-)
  • #15
  • Feb 9, 2008 11:12am Feb 9, 2008 11:12am
I have an edge, and I know most of these traders do not have it. Yes, I am speaking about holy-grail, that will generate pips to me like the pips machine.

Right now, you are probably calling me a fool. My holy-grail which I reveal to you for free is "finding potential trade setups with a R/R ratio of 4/5.

I am not a good trader, my trades roll with about 60-70% coming in as losing trades. But the few 20-30% is all I need actually. and this is my edge revealed to you.

Basically I put between 100 to 200 in losing trades and wait for that opportunity that yields a few thousands of pips. (Trading long-term charts)

Apply your system and check. Even with 50% winning system or lower, the point is R/R not the system being profitable 90% of the time.

Good luck.
  • #16
  • Feb 9, 2008 1:51pm Feb 9, 2008 1:51pm
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
You might laugh, be in disbelief, cry or go into shock but the following story about my edge is true.... accurate and scientific details have been removed to protect the innocent.

I lived in the Solomon Islands for 10 years... One day the local chief (i promised not to reveal his name) was swept out to sea while fishing off the rocks near his home near Gizo, you know, the location that PT109 sank with JFK. Overcome by a sense of humanity and bravery I dove into the thrashing white water and dragged him to safety.

In a tearful exchange he gave me a sacred device that had been given to him by JFK as a present for saving his life during world war II. He said that the device, shaped like a piece of volcanic rock with the color of granite with small knobs on the side could allow it's owner to see one hour into the future. Legend has it that the rock was found in Roswell, stored in Area 51 and subsequently stolen by JFK during a routine visit to the base.

(P.S. For any reader who might be inclined to PM me asking for a piece of the rock the answer is NO although it is for sale.
P.P.S For any reader who is inclined to believe my story, please, for the sake of us all, invest more money into forex because we love the zero sum game. )
  • #17
  • Feb 9, 2008 2:02pm Feb 9, 2008 2:02pm
my edge in both fundumental and quantitative trading is understanding the human element
Relax and be happy.
  • #18
  • Feb 9, 2008 2:02pm Feb 9, 2008 2:02pm
Quoting TrevA
You might laugh, be in disbelief, cry or go into shock but the following story about my edge is true.... accurate and scientific details have been removed to protect the innocent.

I lived in the Solomon Islands for 10 years... One day the local chief (i promised not to reveal his name) was swept out to sea while fishing off the rocks near his home near Gizo, you know, the location that PT109 sank with JFK. Overcome by a sense of humanity and bravery I dove into the thrashing white water and dragged him to safety.

In a tearful exchange he gave me a sacred device that had been given to him by JFK as a present for saving his life during world war II. He said that the device, shaped like a piece of volcanic rock with the color of granite with small knobs on the side could allow it's owner to see one hour into the future. Legend has it that the rock was found in Roswell, stored in Area 51 and subsequently stolen by JFK during a routine visit to the base.

(P.S. For any reader who might be inclined to PM me asking for a piece of the rock the answer is NO although it is for sale.
P.P.S For any reader who is inclined to believe my story, please, for the sake of us all, invest more money into forex because we love the zero sum game. )
Excellent stuff....very amusing indeed.http://www.forexfactory.com/images/icons/icon10.gif
  • #19
  • Feb 9, 2008 2:19pm Feb 9, 2008 2:19pm
I don't know if "trading the obvious" is considered an edge, but regardless, it's a huge money maker...
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  • #20
  • Edited 3:05pm Feb 9, 2008 2:27pm | Edited 3:05pm
My edge is that I reveal only what needs to be revealed to the other individuals. Speak less and listen more. Follow the trend, trade on fundamentals but utilize technicals for entry and exit points.
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