DislikedStrange..... price breaks pending line but ea wont open position {image} Now it stays above pending line still no open.. is there something wrong? {image}Ignored
As simple as possible: 00 level trading
- #14,003
- Edited 12:37pm Jul 28, 2014 12:08pm | Edited 12:37pm
- | Joined May 2014 | Status: Trader | 2,733 Posts
I want to explain, again, some things about trading systems. And No I do for FXEmpire, which, apparently, does not
listen, but for those who are new to the world of FOREX.
No system works consistently, despite the redundancy, in the world financial markets.
Markets do not have a mathematically linear nature but behave as fractal. Therefore, mathematical logic does not work in
the markets. A system is a set of rules that gives us signals with probabilities of success.
However, not all signals are successful. It would be very easy to build a robot with the few rules that have the system
Udine. But this robot lose money.
Why? because the robot is not able to intuitively set the market condition and the robot take all the signals and lose.
The student trader learns to recognize the market condition and patterns, waves, candles situations, schedules, sessions,
seasons, days of the week, etc. .. The student trader acquires all the knowledge that can about the market and through
time and experience, build a higher order logic called intuition.
Then the trader builds a system for regular signals, to manage its capital, discipline, psychology, etc. ..
However, the decision to open or not a trade is taken by the trader, not the system.
If there is the Holy Grail, the market would not exist.
Surely, I left many things unsaid. But I think what I want to convey essential, it is understood.
Thus, the system of Udine to be taken as a guide, with defensive rules, and with a long-term plan, which allows you to order your trading. But decisions takes you, not the system.
And that is the utility of a system, and the greatness and popularity of the system discussed in this thread.
Let the Holy Grail for movies. In the real world there is just work, work and work ..... or maybe the lottery.
(My poor English does not allow me to explain better.)
listen, but for those who are new to the world of FOREX.
No system works consistently, despite the redundancy, in the world financial markets.
Markets do not have a mathematically linear nature but behave as fractal. Therefore, mathematical logic does not work in
the markets. A system is a set of rules that gives us signals with probabilities of success.
However, not all signals are successful. It would be very easy to build a robot with the few rules that have the system
Udine. But this robot lose money.
Why? because the robot is not able to intuitively set the market condition and the robot take all the signals and lose.
The student trader learns to recognize the market condition and patterns, waves, candles situations, schedules, sessions,
seasons, days of the week, etc. .. The student trader acquires all the knowledge that can about the market and through
time and experience, build a higher order logic called intuition.
Then the trader builds a system for regular signals, to manage its capital, discipline, psychology, etc. ..
However, the decision to open or not a trade is taken by the trader, not the system.
If there is the Holy Grail, the market would not exist.
Surely, I left many things unsaid. But I think what I want to convey essential, it is understood.
Thus, the system of Udine to be taken as a guide, with defensive rules, and with a long-term plan, which allows you to order your trading. But decisions takes you, not the system.
And that is the utility of a system, and the greatness and popularity of the system discussed in this thread.
Let the Holy Grail for movies. In the real world there is just work, work and work ..... or maybe the lottery.
(My poor English does not allow me to explain better.)
Donde hay Patron no manda Marinero
- #14,004
- Jul 28, 2014 12:46pm Jul 28, 2014 12:46pm
- | Joined May 2014 | Status: Trader | 2,733 Posts
Donde hay Patron no manda Marinero
- #14,006
- Jul 28, 2014 12:53pm Jul 28, 2014 12:53pm
- | Joined May 2014 | Status: Trader | 2,733 Posts
Hi Udine. I'm new in ff and I started my experience here reading your awesome thread. Nothing to say....you're great! Excellent strategy. I like it.Only one question: why you consider two different opening hour for Frankfurt and London? They open at 8.00 (London) and 9.00 (Ff). That is, the same hour. Effectively, all european stock exchange open at 8.00 Gmt (http://market24hclock.com) . I'm wrong? p.s. Udine .....mmmm....do you live there? In Italy?
Donde hay Patron no manda Marinero
- #14,007
- Jul 28, 2014 1:28pm Jul 28, 2014 1:28pm
- | Joined May 2014 | Status: Trader | 2,733 Posts
Donde hay Patron no manda Marinero
- #14,010
- Jul 28, 2014 1:36pm Jul 28, 2014 1:36pm
- | Joined May 2014 | Status: Trader | 2,733 Posts
What I don't understand is why people want to argue anyway. If someone annoys you, just add them to your own Ignore list. It's quick, it's easy and FF even fixed it with the last update so even when someone quotes a person on my Ignore list, it is also hidden. If you get yourself stressed out, it will probably affect your trading.
Donde hay Patron no manda Marinero
- #14,011
- Jul 28, 2014 1:39pm Jul 28, 2014 1:39pm
{quote} If I write about that, and I do not limit myself to just ignore him it's because there are people who are new to this world and have to understand what happens. I just do it for that.
Lrt
"Every battle is won before it's fought."
- #14,012
- Jul 28, 2014 1:43pm Jul 28, 2014 1:43pm
- | Joined May 2014 | Status: Trader | 2,733 Posts
GBPJPY H1
This is outside the system of this thread. But right now I'm losing, lol .. But I hope to win and if not, the Stop Loss is placed.
This is outside the system of this thread. But right now I'm losing, lol .. But I hope to win and if not, the Stop Loss is placed.
Donde hay Patron no manda Marinero
- #14,017
- Jul 28, 2014 5:20pm Jul 28, 2014 5:20pm
- Joined Jun 2014 | Status: Trader | 2,498 Posts
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
- #14,020
- Jul 28, 2014 5:38pm Jul 28, 2014 5:38pm
{quote} ... My mentor, a former software- / system engineer, is developing tools for trading. One of the tools is a special development for the wukar system which has a relative strength meter, an absolute strength meter, a correlation table and for me the most important - the dashboard, which gives accurate signals for buy and sell. The strength indicators are also developed by my mentor. It's working very accurate thus it generates a high winning rate. This and only this is the key for success! It is not me, I only enter trades on signal! Jibala...
The problem is not giving offence but taking offence!