Advanced trading lessons - page 32
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ok evry one here are nice guys
i believe you all have great points you are correct. the reason i did not post
the data transfer trade is: what i wanted to do was teach an amazing way to trade:
what i did not want to do was take risks with other peoples account. why wouldn't
i do so? not because i do not believe in what we are doing! i believe it is around
80 to 90% accurate. that's pretty bold, but i know this to be true.
the reason was the 10 to 20% of the time i am wrong. if i have my own money on that that's ok.
but after all this work if i started posting trades and we started with the first one wrong.
traders who don't yet get it will have a loss of faith. so no it's not very nice asking me to risk
my teaching you this to put up or shut up. yet on the other hand i do believe in my work
100% so why not.
how about a compromise, so every one is happy, please make friends ok.
i will post trades when i can , i am very busy but i will post them. but is clear to every one
that i am not 100% correct all the time!! is that clear?
and the other thing is: there is more interesting things to learn not a lot more but some more.
after the cheat sheets i would like to talk about something i can not explain. i will show you something
interesting that works but i can not explain why. like Einstein. lol i was close to a realization of perfect
epiphany of why, just then my brain exploded and i lost it.lol maybe some bright young mind here
can figure out why after i show you.
i want to thank you all for participating here no matter what your opinion is. i deserve to be kicked
once in while just like every one else. just not to hard i get brain freeze.
lets look at what i can not explain!
i do not know why this works. but lots, and lots of times if you take physical
price with an over lay. you find a dance like relationship.
some times you can find a third point on trend line at the second point in the trend!
lots of times you find allusive channel before most traders know they even develop.
i will show some examples soon. so maybe we can figure out how to use this also?
if we can this would be amazing for all of us. i think of it as the unexplained missing
link. we have enough to trade extremely successful with out it. but this is most likely
a huge help if we can harness it? like we harnessed the other information we get with
over lays.
there is
there is a relation ship between physical price and upper time frame over lay's
in this shot a took point one and two on the 4 hr time frame and found point two
on the monthly over lay exactly. there all kinds of relationships that you get when you do this:
you can get early points on upper time frames.
you can get early warnings on physical prices channels with in the upper time frame at times
you can get even reversal information.
this example is finding an upper time frames data transfer at the second point on the upper time frame.
interesting.
here is anouther shot
here is another shot of this relation ship.
the 4 hr with monthly over lays.
I think we have lost sight of what was being requested ( asking, for sambas benefit ) of the strategy. There needs to be some clear objectives if it is to be traded. But am I correct in saying Boe that you have found the existence of this relationship between these points, but you don't know how to trade it. There is nothing wrong with this if it is so..
Most traders fail because they cannot follow their system consistantly, take very signal with out emotion or some human intervention of over riding that signal. But you need the signal in the first place, the trigger to trade objectively, you need to know where the stop is before you enter and at least some idea of profit objective...
very intersesting
very interesting stuff. i have some idea how to research this. so maybe later we will all
research this together.
philt
Philt i agree with that statement.
very well said! i am working on the cheat sheets. this will take days though.
i will do my best to put this all together in risk point strategy. places to take risks!
when you see A.B.C. happen risk will be here! for example.
what i have shown you so far is: places to take risk and what to expect.
but your question is when do expect this and when do expect that? me my personality is when i see
it happen in certain way i take it! am very good at looking around and investigating.
not everyone likes to do this. and it would be easier even for me if i challenge myself into an organized
format. at least as much as possible. so by you being my new friend has help drive all of us to better
path. i will not let you down.
complicating my work. my mt4 has some kind of virus keeps freezing i may have to down load a new one.
also i have to work over time tonight. so i will be gone for awhile trendchanger, philt, xx3x, forlearner, simba,
, red bull and other friends here i am working on the cheet sheets as soon as i can. i will be mailing them
to trendchanger for review first. just so i have some feed back before presentation.
if that is ok with you trendchanger.
I have another new idea for money management or portfolio exit strategy
i.e. testing WHETHER current market conditions is good enough for us to trade
rationale: you don't want to trade to loss
you don't want to walk into one casino that is unfair -- say a casino only got 1 game to play, 2 players are allowed in 1 forex-game table
2 person, diff timing, pick a card from the deck, the higher point card owner will win and get the difference (profit) in the points of that 2 cards
this is a huge W swing market this week
let's say, despite next week is chinese public holiday-- they got some lunar type of holiday next week
assume, not much happening with european union news
we can be POSITION trader -- i.e. holding 1 position, same direction -- no matter what happen
rather than using the TOP Profit -- TP principle -- we collect pennies and run or when we suffer dollar and gone
let's assume, we have a principle of max 50 pips totally budget -- i.e. overall SL and exit all level
we place 1 bet, 1 direction
if we loss, - this could be a pending order-- for 1 transaction 50 pips, then exit
if we win -- let say we earn 70 to 90 pips for 1 trans -- still open
then we enter 1 more , i.e. set the first transaction to SL-with trailing stop
i.e. 1st transaction, we set trailing stop -- it is 90 pip , we allow 35 pip retract movement only i.e. at least , we can earn 55pip
since our budget is -50 pip for overall
i.e. we could enter -- at least one bet more
2nd pip, let's say we bet on un-corelated pair
and also set SL for 2nd trans for 50 pip
i.e. overall call be at worst scenario zero-- break even and get out
if we got winning streaks
the total overall budget is still overall -50 pips
I think this is quite a good lesson for newbies
-- unlike the usual newbies mistake, seen profit, get out faster
without any loss, get out so slow
this will make a break-even or get winning money management tactics
this could be a practical guideline for advanced students lesson -- it is logical and theoretically sound (if you get winning streaks)
Its taken you nearly an hour to respond and that's all we get.. Oh sorry you are still mediating a response to me. Are you using a translator?. I think you have a very self inflated opinion of your own self importance, not to mention delusional bordering on Grandiose...
We couldn't really care who you are or who you think you are, you certainly lack core fundamental intelligence, and the ability to see things in cognitive Perspective...
I think the word you would understand is dim, not too bright, maybe uneducated or at the very best or least thick as pig shit. (old English saying) that you wont find on google translator ..
So I'll Wait anxiously while you, quote "mediate "...I did not single anybody as red bull`s mongoloid friend...What makes you so certain I was talking about you? Extraordinary degree of self knowledge
?...Or was it the ability to see things in cognitive perspective?
P.S:It is meditate not "mediate"...Did your cognitive perspective ability failed you this time?
Ok,my dear SAM(Self Appointed Mongoloid)
do not get too anxious,just try learning from the thread.
S