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The similarity system

  • #7,921
  • Sep 11, 2014 9:01am Sep 11, 2014 9:01am
Quoting Eurusdd
PIPS = pawns!
Yes! I have definitely heard of that analogy before!
The original analogy is that money = soldiers. If their not in your account (army), then they're not fighting for you. So you need to get more soldiers into your army!
A pip is only worth it if you know how much you risked to earn it
  • #7,922
  • Sep 11, 2014 9:05am Sep 11, 2014 9:05am
you can lose pips and still survive or win. But the key thing to notice is this: every pawn has the ability to become every other member of the empire, except the king. a pawn can be transformed into a queen, knight etc. so, pips can help you get back your queen, bishop etc. I hope you understand.

That is all for today!
  • #7,923
  • Sep 11, 2014 9:08am Sep 11, 2014 9:08am
Quoting Eurusdd
Traders who trade hundreds of instruments at the same time for their empire do not have a strong empire.
Hi eurusdd

Does it mean that trading system, the ultimate one can be defined for a long time?execution of trades are different but trading system(queen)remains same.
Its like if we have two options to beat the opponent which one is better-a thousand moves that practiced one time or only one move that practiced thousand times-the second one is better.way to Perfection!

I have a question -where opponent is strong, to build the universal system the information that we have some ordinary trader like me is enough or it needs a some secret informations or a source needs to find out?or I mean is its possible to build a ultimate system by what we learned here with our own skills of implementing the thought?Do someone need to be expert in math to build ultimate system?

Thank you very much.
unlearning is difficult than learning-that is the key!!
  • #7,924
  • Sep 11, 2014 9:12am Sep 11, 2014 9:12am
Quoting Eurusdd
you can lose pips and still survive or win. But the key thing to notice is this: every pawn has the ability to become every other member of the empire, except the king. a pawn can be transformed into a queen, knight etc. so, pips can help you get back your queen, bishop etc. I hope you understand. That is all for today!
Thank you Eurusdd, have a nice day.
  • #7,925
  • Sep 11, 2014 9:14am Sep 11, 2014 9:14am
Quoting sram
{quote} Hi eurusdd Does it mean that trading system, the ultimate one can be defined for a long time?execution of trades are different but trading system(queen)remains same. Its like if we have two options to beat the opponent which one is better-a thousand moves that practiced one time or only one move that practiced thousand times-the second one is better.way to Perfection! I have a question -where opponent is strong, to build the universal system the information that we have some ordinary trader like me is enough or it needs a some secret informations...
I gave you a simple test friend. If you build any system/blueprint and it does not work on every time frame, you don't have or you are not close to the one true queen. There may be many queens, but they must all me isomorphic to the one true queen, that all em-compassing blueprint used since the beginning of time across the universe, in different galactic civilizations and will work here too.
The one true queen is universally versatile. So, use the test and place yourself at a point on the ladder.
  • #7,926
  • Sep 11, 2014 9:32am Sep 11, 2014 9:32am
Quoting Eurusdd
Your bishop should be ONE particular trading instrument or one particular basket of instruments. Remember bishop stands for RELIGION in empire building. It represents indirect faithfulness. So, stick to one instrument faithfully and build your empire on that instrument. Understand the playground and approach other competitors indirectly. Traders who trade hundreds of instruments at the same time for their empire do not have a strong empire.
Great posts. I would like to point out the following with regards to chess.

1. The player who controls AND occupies the center has an advantage.

2. Initiative is very very important

3. Have a plan - Even if it is defective plan.

4. There are two aspects to planning - a) Short term b) Long term.

But, I don't know how these are applied to trading
  • #7,927
  • Sep 11, 2014 9:41am Sep 11, 2014 9:41am
Quoting shiva
{quote} Great posts. I would like to point out the following with regards to chess. 1. The player who controls AND occupies the center has an advantage. 2. Initiative is very very important 3. Have a plan - Even if it is defective plan. 4. There are two aspects to planning - a) Short term b) Long term. But, I don't know how these are applied to trading
Hey Shiva!

Here you go mate:
Quoting vlady1974
King = Idea / Philosophy Quen = Plan or Blueprint Knight = Execution (Strategy & Tactics) Bishop = Belief & Focus (Markets and Study) Rook = Infrastructure & Platform (Brokers, Systems, Records, Bank)
A pip is only worth it if you know how much you risked to earn it
  • #7,928
  • Sep 11, 2014 9:43am Sep 11, 2014 9:43am
Quoting shiva
{quote} Great posts. I would like to point out the following with regards to chess. 1. The player who controls AND occupies the center has an advantage. 2. Initiative is very very important 3. Have a plan - Even if it is defective plan. 4. There are two aspects to planning - a) Short term b) Long term. But, I don't know how these are applied to trading
That is easy. The center of the board is a position and any piece on the board can control or help your empire control the center. In trading the center is a position in the market. A price level that allows you to control the market even if it acts silly. If the market wants to attack you, it has to past through this point/price: and there you will have pips/$. So, you will win .....
  • #7,929
  • Sep 11, 2014 9:46am Sep 11, 2014 9:46am
Shiva: for example the market can decide to move away from the center that you control but like the chessboard, your opponent cannot really win without crossing the center into your half. So, if you choose the right price, the market will have to come to you! That is why most of my setup says, choose this price and wait for the market to realize how silly it is and run back to you!. The problem is how long your can endure the wait.
For example, the opponent chess player can play in his/her own half for long but soon, he/she will have to come to you!
  • #7,930
  • Sep 11, 2014 9:49am Sep 11, 2014 9:49am
Since we're being philosophical, I think there's also an additional dimension: The Person or The Player
We assume that all players are equal or homogeneous except for the 6 Chess Pieces in their arsenal.

Whilst this is helpful in understanding the "Empire Building" strategy... I think that The Person/Player has to undergo a significant change as they acquire all the pieces of their "chess set". It is not feasible that the beginner novice will be the SAME person at the start of their journey compared to the Master that has all the pieces and wields them with skill....

It is the universal truth for any human endeavour. If you want to do something or be something.... there's a transformation that needs to happen.
If your current habits, thinking, language, attitude doesn't change to accept the new ideas/methods/direction/etc etc.... you simply cannot change.

The Person / Player as a human being... needs to recognise their limitations, imagine the improvement required and desire that something that doesn't exist yet within themselves. Then put that thought into motion through focused, determined, directed action and methodology.
A pip is only worth it if you know how much you risked to earn it
  • #7,931
  • Sep 11, 2014 9:49am Sep 11, 2014 9:49am
Quoting vlady1974
{quote} Hey Shiva! Here you go mate: {quote}
Thanks Vlady, great help!
  • #7,932
  • Sep 11, 2014 9:50am Sep 11, 2014 9:50am
Quoting Eurusdd
Shiva: for example the market can decide to move away from the center that you control but like the chessboard, your opponent cannot really win without crossing the center into your half. So, if you choose the right price, the market will have to come to you! That is why most of my setup says, choose this price and wait for the market to realize how silly it is and run back to you!. The problem is how long your can endure the wait. For example, the opponent chess player can play in his/her own half for long but soon, he/she will have to come to...
Thanks EurUsdd. What I understand from this post is we need to identify the opponent first. Am I correct?
  • #7,933
  • Sep 11, 2014 9:53am Sep 11, 2014 9:53am
Quoting shiva
{quote} Thanks EurUsdd. What I understand from this post is we need to identify the opponent first. Am I correct?
The opponent is the set of traders, minus you and your allies or those building empires that complement yours!!!
  • #7,934
  • Sep 11, 2014 9:58am Sep 11, 2014 9:58am
[quote=Eurusdd;7733233]{quote} I gave you a simple test friend. If you build any system/blueprint and it does not work on every time frame, you don't have or you are not close to the one true queen. There may be many queens, but they must all me isomorphic to the one true queen, that all em-compassing blueprint used since the beginning of time across the universe, in different galactic civilizations and will work here too. The one true queen is universally versatile. So, use the test and place yourself at a point on the ladder.[/quote

Thank you.

Trying to understand your words may be i will find something in future.I understand something like key is unique idea like unique move in chess.knowing the future moves of the opponent etc. and i remembered your word shortest path. Ibw now a days i don't chase price Have a nice day.
unlearning is difficult than learning-that is the key!!
  • #7,935
  • Sep 11, 2014 10:08am Sep 11, 2014 10:08am
Here is an interesting research paper by Credit Suisse, comparing a variant of chess to investing.

"Chess and Investing: What’s Different and What’s the Same
Let’s start with the obvious and relevant point that chess and investing are different in important ways. To
begin, a chessboard has 64 squares (8x8) and the moves of each piece are set. So while there are a massive
number of possible outcomes, the game itself is played in a stable and linear environment. Markets are much
less stable and exhibit non-linear properties. In chess, the board and pieces don’t care about what you think.
In markets, the beliefs of participants feed back onto the market itself. In finance, the models of the world
shape and reshape the world itself.
As each player can see all the pieces on the board, chess is a game with perfect information. But in investing
the information each investor has is partial, not perfect. As a result, a chess player can use substantial
computational power to his or her advantage, whereas an investor does not have a similar source of edge.
Further, chess games have a beginning, middle, and end. Markets are effectively perpetual.
In a game of chess, players compete head to head. In markets, investors compete with the aggregate of many
investors, or the crowd. Individual mistakes do not cancel out in head-to-head matchups but they can cancel
out in a group. Indeed, diversity is one of the underpinnings of the “wisdom of crowds.” On the other hand,
crowds also make collective mistakes from time to time, allowing for the “madness of crowds” and investment
opportunity."
Attached File(s)
File Type: pdf INVESTING Lessons from Freestyle Chess.pdf   401 KB | 997 downloads
  • #7,936
  • Sep 11, 2014 10:47am Sep 11, 2014 10:47am
Quoting vlady1974
{quote} I want an attempt and failure of 2934. Short on a retrace from there....ideally. That could mean 2924
This has been the centrepiece of the action all day and although it's late, my eyes are still on 2952... whichever way. I clearly would prefer shorts, but then we still have Friday to contend with.... so today may actually be just a nothing day.

I noted that there was a small handful in the Eurusd thread who shorted above 2942 but were stopped out on the sharp reversal. I had shorted from 46... and I didn't take profit on the return to 2920 which actually has irritated me big time.... okay I'm over it. It's just on a small range day, you don't want to surrender any pips.

Oh well... about to go onto a webinar. Will be watching from the sidelines. Have a good one!
A pip is only worth it if you know how much you risked to earn it
  • #7,937
  • Sep 11, 2014 11:07am Sep 11, 2014 11:07am
In chess we know the opponent but in market opponents(set of orders) are hidden.so understand the opponent means understand the opponents move(that is how price moves from previous state to current state ) ?It means we need not to know who is opponent .our fight is only with opponents move?. In chess opponents move influences by our moves too but in market how do they find my(may be retailers move) move or Does it means understanding the retailers behaviour gives the idea of the opponents move? but the question is what is any single move and when it completes? --just my thougths .nice day
unlearning is difficult than learning-that is the key!!
  • #7,938
  • Sep 11, 2014 12:42pm Sep 11, 2014 12:42pm
Quoting Eurusdd
{quote} The opponent is the set of traders, minus you and your allies or those building empires that complement yours!!!
great analogy . chess and forex. i missed todays class but will go through the materials. thanks eurusdd
  • #7,939
  • Sep 11, 2014 12:45pm Sep 11, 2014 12:45pm
Just got back. had to do alot of tasks away from my trading station. today played out as i expected except we didn't go beyond 1.2952. see ya all soon
  • #7,940
  • Sep 11, 2014 3:21pm Sep 11, 2014 3:21pm
95% of traders blow-up their account is something you will normally hear.
Well, let me tell you something. If you really want to be a successful trader in theory and in practice, forget about those failures before you. Do not include yourself in that group even though you should expect tough times ahead. Speak success into your work and success you will get.

For example, before the current American Empire, all empires eventually failed but the USA is getting it right simply because she took her time to choose the right components of her empire and she has access to information none of the empires before her had. She knows the Earth is round and limited and God does not sit above the clouds. She has a powerful Knight(military), a Flexible King (democratic government), A powerful Queen (FED, fiat monetary system and intelligent money managers), a powerful Bishop, and a powerful Rook (entertainment industry and media group). America should rightly be envied because she is smart and she did not allow the failures of empires before her to stop thinking!
In my opinion theoretically, she will last a very long time unless she DECIDES TO SELF-DESTRUCT!

Now that is how you should treat this game! Be like the USA. fORGET ALL those who failed before you and choose the right components of your forex empire. In a few years you will rule!
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