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The similarity system

  • #7,881
  • Sep 11, 2014 7:36am Sep 11, 2014 7:36am
Quoting Neio
{quote} Welcome back. Looks like you are writing a book. Very interesting...so far.
I'm digging the font and format... it's like the university research papers I used to write. What a geek I was then! Love it!
A pip is only worth it if you know how much you risked to earn it
  • #7,882
  • Sep 11, 2014 7:45am Sep 11, 2014 7:45am
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  • #7,883
  • Sep 11, 2014 7:45am Sep 11, 2014 7:45am
Quoting vlady1974
I'm looking at this range tomorrow: 2987 to 2951, with a TZ in the range of 2962 to 2957. There is also a level at 2995. The 2995 and 2987 are the tops of TZs which have not been revisited in the 2900 to 2999 range. {image}
It's on its way.
A pip is only worth it if you know how much you risked to earn it
  • #7,884
  • Sep 11, 2014 7:48am Sep 11, 2014 7:48am
ok update on my thoughts on chess-forex components:

King: Capital
Queen: Volatility
Knight: Secret trading method
Bishop: Trend
Don't use both feet to test the depth of the river
  • #7,885
  • Sep 11, 2014 7:56am Sep 11, 2014 7:56am
Quoting ephisi
Will be back in 50minuts. I dont expect eurusd to close below 1.2920 in the next 50minutes to 3hrs. In the 4th hour Us unemploment claims if bad could take us above 1.2960. If good could makke us close below 1.2920 or not
going according to plan. im driving right now. just parked to check trades. will close scalp at 1.2962 ish holding long till ecb. enjoy
  • #7,886
  • Sep 11, 2014 7:56am Sep 11, 2014 7:56am
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  • #7,887
  • Sep 11, 2014 7:57am Sep 11, 2014 7:57am
ignore grammatical errors. posting on the go!
  • #7,888
  • Sep 11, 2014 7:59am Sep 11, 2014 7:59am
Quoting ephisi
{quote} going according to plan. im driving right now. just parked to check trades. will close scalp at 1.2962 ish holding long till ecb. enjoy
Yeah, good call. I closed early. Plan working nicely. Pendings in place!
A pip is only worth it if you know how much you risked to earn it
  • #7,889
  • Sep 11, 2014 7:59am Sep 11, 2014 7:59am
ok update on my thoughts on chess-forex components:

King: Capital
Queen: Volatility
Knight: Secret trading method
Bishop: Trend
Rook: Hedging
Don't use both feet to test the depth of the river
  • #7,890
  • Sep 11, 2014 8:03am Sep 11, 2014 8:03am
Quoting Strawbale
ok update on my thoughts on chess-forex components: King: Capital Queen: Volatility Knight: Secret trading method Bishop: Trend Rook: Hedging
Most forex traders do not know that they have to think and trade like empire-biulders. They need to identify the key component of the forex empire or it will collapse. How you you deceive and dominant your traders, BIG OR SMALL, with your trades?
Banks do it, why can't you?
  • #7,891
  • Sep 11, 2014 8:05am Sep 11, 2014 8:05am
Quoting Eurusdd
{quote}Most forex traders do not know that they have to think and trade like empire-biulders. They need to identify the key component of the forex empire or it will collapse. How you you deceive and dominant your traders, BIG OR SMALL, with your trades? Banks do it, why can't you?
i teach them a false way of how market works and a false way to analyse the market, controlling their emotions, stop hunting, taking the other side of the trade
Don't use both feet to test the depth of the river
  • #7,892
  • Sep 11, 2014 8:15am Sep 11, 2014 8:15am
Quoting Eurusdd
{quote}Most forex traders do not know that they have to think and trade like empire-biulders. They need to identify the key component of the forex empire or it will collapse. How you you deceive and dominant your traders, BIG OR SMALL, with your trades? Banks do it, why can't you?
They key component is trust.

What wealth was once backed by gold or precious metals/gems has now been replaced by fiat money which is not real. It is a paper "contract" between two parties to exchange value for something... this is entirely based on trust that both will honour that contract.

Armies will defend the "trust"-worthiness of a nation empire.
Religion or Education Systems will teach the structure of the "trust"-worthiness of the nation empire to its people
Corporations and Entertainment will exploit the benefits of people surrendering their "trust" to them
.... in order to control the wealth producing assets.

The moment trust is extinguished... it all collapses.... until it the trust is rebuilt.

eg. Iceland, Greece.... post World War Germany
A pip is only worth it if you know how much you risked to earn it
  • #7,893
  • Sep 11, 2014 8:17am Sep 11, 2014 8:17am
YOUR KING should be your forex-trading philosophy! Once, that collapses, your empire is gone. Everyone should be able to identify your king and other traders will fight to destroy your king. Your forex-trading philosophy should not change every now and then and every other piece in your empire should be designed to protect your king!

MORE LATER.
  • #7,894
  • Sep 11, 2014 8:17am Sep 11, 2014 8:17am
Quoting vlady1974
{quote} They key component is trust. What wealth was once backed by gold or precious metals/gems has now been replaced by fiat money which is not real. It is a paper "contract" between two parties to exchange value for something... this is entirely based on trust that both will honour that contract. Armies will defend the "trust"-worthiness of a nation empire. Religion or Education Systems will teach the structure of the "trust"-worthiness of the nation empire to its people Corporations and Entertainment will exploit the benefits of people surrendering...
seems legit
Don't use both feet to test the depth of the river
  • #7,895
  • Sep 11, 2014 8:23am Sep 11, 2014 8:23am
This is my KING : forex-trading philosophy: If you can get me to abandon this, my current empire fails.

The market is like a sub-atomic particle. When you are watching, it behaves like a wave (adapts to your strategies). When you are invisible (market not aware of your existence) it behaves like a particle, revealing all her flaws to you. To win against the market, be an invisible observer, trader. Once your strategy is out there(known), you are finished(like everybody else)!
  • #7,896
  • Sep 11, 2014 8:28am Sep 11, 2014 8:28am
Quoting Eurusdd
{quote}Most forex traders do not know that they have to think and trade like empire-biulders. They need to identify the key component of the forex empire or it will collapse. How you you deceive and dominant your traders, BIG OR SMALL, with your trades? Banks do it, why can't you?
thanks EURUSDD!
may I ask for a favor - can you please post your last posts in this thread http://www.forexfactory.com/showthread.php?t=396895
i am gathering good reads and ideas about the philosophy of trading.




https://www.youtube.com/watch?v=rWj7oWlVtag
As Above, So Below
  • #7,897
  • Sep 11, 2014 8:31am Sep 11, 2014 8:31am
Quoting vlady1974
{quote} They key component is trust. What wealth was once backed by gold or precious metals/gems has now been replaced by fiat money which is not real. It is a paper "contract" between two parties to exchange value for something... this is entirely based on trust that both will honour that contract. Armies will defend the "trust"-worthiness of a nation empire. Religion or Education Systems will teach the structure of the "trust"-worthiness of the nation empire to its people Corporations and Entertainment will exploit the benefits of people surrendering...
Yes, but for an empire it is not really important in the long run because the empire can simply make you realize the Resistance is Futile! You have no other option. So, trust cannot be identified with any of the components on the chessboard but it is a sub-sub component within the rook (entertainment and media).
  • #7,898
  • Sep 11, 2014 8:35am Sep 11, 2014 8:35am
eurusdd check messages
Don't use both feet to test the depth of the river
  • #7,899
  • Sep 11, 2014 8:41am Sep 11, 2014 8:41am
Because the rook moves directly, not indirectly like the bishop, and the rook is closer to the bishop and the king. In fact, the rook can swap places with the king. TRUST is within the rook. The rook moves in a direct manner saying "trust me as I come to you.
  • #7,900
  • Sep 11, 2014 8:56am Sep 11, 2014 8:56am
Quoting Eurusdd
{quote} Yes, but for an empire it is not really important in the long run because the empire can simply make you realize the Resistance is Futile! You have no other option. So, trust cannot be identified with any of the components on the chessboard but it is a sub-sub component within the rook (entertainment and media).
It's possibly just semantics. I understand your analogy.
Like fractals, it depends on how you cut it.

My overall philosophy isn't written by me (someone else wrote it more elogquently than I could ever have), but it is one that I subscribe to. Kind of similar in parts to yours. Here I am paraphrasing:

Price is nothing but data points. Points of Data tend to flow through time and as with anything that flows is subject to the laws of inertia. This flow.... makes price akin to a 3 dimensional fabric that is continuous and flowing like a jellyfish, yet has structure and intelligence - almost self awareness. Understanding its structure and intelligence allows you to ride its wave.
A pip is only worth it if you know how much you risked to earn it
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