And i guess i have a rule: If i get in and it gets sort of shitty, i close at BE or close to it. Because that means my analysis didnt work out so well.
I cant find my password.
Maybe i remember it...
...no
Well anyway. Closed an open trade INSTEAD of the limit this morning.
Argh.
Must have done that 10 times at least.
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So differing both from the traditional way or reading candles and "time" as traditionally interpreted.
Zooming in that much kind of reminds me of the 80´s. Nintento enterainment system. Naged my parents to buy it. It was 1595 SEK at the time. Maybe 3.000 in todays money. That was a lot to give to a 7 year old.
I think its a very important thing, what i was saying earlier, that the entry doesnt matter concerning timeframe. A good entry is a good entry no matter what. But then the high TF trader needs to rely on the long term analysis. The scalper needs the long term analysis but only sort of as a background in the head, to add some important probability/confidence to the trade.
The dice of the Gods: Quantum physics and determinism in trading
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Einstein said: God doesnt play dice.
The context is that he was arguing AGAINST the inderminate quantum physical world.
However, i sort of think they are BOTH right.
Given that "God" is the equation of all the particles and non particles and WHAT EVER is out there and inside, we cannot hope to solve that equation. We cannot hope to understand how all the planets, stars and clouds of gas and so on affect each other. Or at least, to my experience, we cant hope to solve that equation and EXPLAIN it in any language known RIGHT NOW. And in that i include all the synthetical languages or logic, the mathematical systems of numbers and the natural languages of Swedish, Finnish, Sami, English, Spanish and so forth.
They where both right in such a way that Einstein admitted he does not have the computational power of "God", and therefore cannot say what everything is going to be like. While the quantum physicists admits pretty much the same thing. Both in not so many words, but content of their general attitude to experimentation is as such.
E/U price affects the world we live in A LOT. But also, what affected the price is stuff that mattered in our lives, otherwise it wouldnt affect price.
We cannot attain the knowledge of "God", but that does not mean we cant trade profitably. Many years ago i proved to myself that it is possible. Only then i knew little as to why and how. Now i know more. In 4 years i will probably know more.
If i KNEW for a fact that we are going through yesterday morning low, of course i WOULD sell right now. But i DONT know that. I dont have all the variables and all the computational power to solve the equation.
Also questions i am asking myself: Why did i close when i did?
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Well, time for a break. I wonder what "Wienerbröd" is in english?
Another question on my mind: Is is even practically possible to try to teach trading E/U to anyone?
I can certainly see that a lot of people seem to be stuck on the wrong idea. As long as they are willing to try a different point of view they would realize theyre misstakes. But that also takes humility, to leave off big parts of your ego illusion like that. But then a couple of months of screen time is probably necessary. Most people dont want to put in the effort it seems. Even though they have the financially possibility to do it, feeding themselves in other ways meanwhile.
Much depending on how this afternoon turns out. PA is actually A BIT slower then normal sell PA, indicating there is almost a balance of bear and bull, with bear only at a SLIGHT advantage.
PA north of 1.1845 sort of seem to indicate that we got a lid on things there. But those buys below might well blow the lid sky high.
EVERYBODY can see the 1.178 area rejections.
Interesting. Thourghly interesting.
Tried poker. Tried chess. This is more fun.
No "Chance" here, just the variables and the computational power. Im slipping to the Einstein Vs. Quantum physics again. Damnit. Need to focus.
Yupp, still working on it, it seems.
I shorted but but got out with -2 pip or so when it didnt drop.
Clock is just 13:07 in City of London, so plenty of coke left in those noses.
For those of you to lazy to do the math, thats a total -5 pip or so.
I feel a little rusty on these quick trades.
Few more days at it and i will be OK i think.
Nice to trade short term and be able to forget whats happening at night and such. Sleep better.
If it wasnt for Alpari hogging 1.6 or so on each, i would be almost wallowing in pips.
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A nice clean average of 5-10 pips/day trading like this is all one could ever want. Financially that is.
That defines it pretty much. Its VERY straightforward. I close if its not working out.
Yesterday i was fooling around on two occasions.
I define price action in a way i havent seen anywhere else. A lot of people go on and on about all kinds of strange crap. I define it very clearly and non subjective.
For instance the James 16 thread. All about PA they say.