fair value is just a theory like many other things around at the end .. its all about pattern !
Value vs Price, which would you bet on?
Focus, Patience, Determination & Order in chaos
- #383
- Oct 18, 2014 1:14pm Oct 18, 2014 1:14pm
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts | Online Now
- #385
- Oct 18, 2014 1:43pm Oct 18, 2014 1:43pm
- Joined Feb 2006 | Status: Trader | 2,228 Posts
Why should Ullen, MadMoney, or any other trader just openly give away their hard earned research?
Most who would receive it would still never use it in the correct manner for which it was shared. I am
sure Ullen has devoted many hours of his time & much energy into what he has discovered & if he
made the discovery so could anyone else, if they tried hard enough. That pdf that was kindly shared
is a starter. I would like to refer those seeking something for nothing to investigate the Turtles Trading
group. They were given a method to trade & given the funds to trade & still most blew the accounts.
Something for nothing most of the time will = NOTHING in the end.
I say a tip of the trading hat to Ullen for sharing his trading philosophy.
________________________________________
Most who would receive it would still never use it in the correct manner for which it was shared. I am
sure Ullen has devoted many hours of his time & much energy into what he has discovered & if he
made the discovery so could anyone else, if they tried hard enough. That pdf that was kindly shared
is a starter. I would like to refer those seeking something for nothing to investigate the Turtles Trading
group. They were given a method to trade & given the funds to trade & still most blew the accounts.
Something for nothing most of the time will = NOTHING in the end.
I say a tip of the trading hat to Ullen for sharing his trading philosophy.
________________________________________
- #387
- Oct 18, 2014 2:07pm Oct 18, 2014 2:07pm
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts | Online Now
- #390
- Oct 18, 2014 11:09pm Oct 18, 2014 11:09pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #391
- Oct 19, 2014 1:12am Oct 19, 2014 1:12am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts | Online Now
- #392
- Oct 19, 2014 1:37am Oct 19, 2014 1:37am
Here are my trades from Friday....using the same concept as Ullen but I have another tool that I use that helps me to time my entry towards targets. It is able to detect exhaustion of short term trends and most of the time is able to get me in just after the apex of a swing low/high. I will not be sharing any indicators as I also had to work and study for this information and for many of the reasons I have already given.
I will say that the information is there all in the threads. There are very clever people here a lot cleverer than me that have posted real gems that get you thinking. Don't be afraid to experiment and try some of the suggestions they give. It is through this process that you will make your own discoveries and the market will not appear as random as you thought...
I will say that the information is there all in the threads. There are very clever people here a lot cleverer than me that have posted real gems that get you thinking. Don't be afraid to experiment and try some of the suggestions they give. It is through this process that you will make your own discoveries and the market will not appear as random as you thought...
An expert is a man who has made all the mistakes which can be made
- #395
- Oct 19, 2014 5:56am Oct 19, 2014 5:56am
{quote} At the moment i'm only trading the M1 timeframe. But i could trade every other timeframe with succes.
. When you say you are only trading the M1, and I appreciate the reasons for that, but what other TFs are you looking at? I assume that the trade-weighted or intrinsic value strategies you apply are rooted in a wave or a specific timeframe, according to the "fake trends" in the market? When the price has returned to the correct level, do you simply hold off, waiting for the next extreme over/under pricing before entering again? My math is unfortunately not very good at calculating these intrinsic value levels, so I am struggling to calculate my "personal indicator" correctly... Txs again.
- #396
- Oct 19, 2014 6:07am Oct 19, 2014 6:07am
- | Joined Jul 2011 | Status: Trader | 1,356 Posts
USD/JPY (106.227) This level WILL be cleared. I am not saying that it probably will, i am saying that it will. (and soon) Find your entry and make pips. Ullen {image}
- #397
- Oct 19, 2014 7:12am Oct 19, 2014 7:12am
{quote}See now your doing research, like I did. Intrinsic value is exactly it, but some people still think what they see on the chart is truth. Now experiment with the math and see what you find. BTW, great read! MM
1. Intrinsic/true values of any pair must be ever changing according to external factors. This can be viewed as a oscillating line in time.
2. Trends can be broken up into any number of TFs, all indicating different things. A bull trend in the M5 may not have any correlation to an underlying trend on a H4 chart. (One can find the correct underlying values of any "trend", depending on the TF, but my math skills are unfortunately not up to that level. My graphs get very squed and miss leading in the shorter TFs...) The trends can be viewed as another line in time, oscillating/crossing above and below the Intrinsic value line.
3. PA will reflect the current trading price, and will be oscillating/crossing above and below the perceived trend line
4. If the above assumption is correct, this can be expressed graphically much like 3 different MAs, 200, 50 and 20. The challenge is finding the base value, i.e which one to absolutely trust and calculate the oscillations from. The rest will be easy
...Any comments on my assumptions/basis for my further probing?
Txs
