LFX Trading Proverbs - Page 3
Page 3 of 845 FirstFirst 12345 LastLast
Results 21 to 30 of 50

Thread: LFX Trading Proverbs

  1. #21
    Dkrock,

    to your proverb#5, can I have some article, link, book or litrauture so I could learn.

  2. #22
    Quote Originally Posted by ;
    quote Hello, would you mind describing this plz. Thanks,
    If you fret about black swans, which seem to occur every 3-4 decades, and may or may not even occur to you, then you will miss all the profit between them.

  3. #23
    Quote Originally Posted by ;
    , for your proverb#5, may I have any article, link, book or litrauture so I could learn.
    I think that it was Trigonometry course and line equations when I was first taught about bell bottoms, but any Statistics course should cover regression analysis. It is possible to read the link below to get a general understanding.

    https://en.wikipedia.org/wiki/Regression_analysis

  4. #24
    Quote Originally Posted by ;
    quote I use FF news, disperse, candle time, currency meter, moving average ribbon, Bollinger band, custom candle colors, semafors, and custom mtf coded initials. Sometimes I use trend lines with breakout projections if the market is shifting apartment. Sometimes I also attach a rotating photo viewer into the template if I intend to stare at charts.
    Thanks for the information. I was reading some of your answers in other posts and I noticed you mentioned regression and not calling price. I use regression stations and semafor and wait for price to go outside the 1st std dev and then wait for a change. Thius is confirmed by the semafor then take a with fad trade based on indior confluence. This way you're trading after a change in management, not attempting to forecast it.

    I also read everything you wrote about s/r lines. Your arguments are sound and I truly liked the video on cease searching. I must admit I'm still using s/r lines (4 hr chart) but only major ones. Am I correct in interpreting that you trade with the trend, based on waves that take price to some st5atistically higher area of likelihood of a change (based on regression stations ) then wait for a refvesal (confirmed by semafor and other indiors) then go with the fad? How do you determihne your own exits?

    Thank you to your insighful information (and ignore the haters lol).

  5. #25
    I didn't know this expression once I created this thread, but I believe what I have done is designed a pseudo regression curve. Contrary to a regression channel, which I assume is a direct line, my analysis bends with the market.

    I believe that your idea can work, but be sure to apply stops since semafors aren't dependable. At the same time, candle head fakes are typical, therefore if your analysis doesn't include a higher time frame perspective, you could find some whipsaw signs.

    If you want to use s/r lines, then that is all up to you. They may work for you. There was a point, I believe 2011, where I looked at utilizing s/r, mainly pivots, at apexes to determine legitimate exits. I don't remember exactly, but I believe most of the time it just identified a consolidation place, not a trading signal. Multiple head fakes are just another proverb NO-NO for me personally. If it do not work, I do not utilize it. So, I stopped using them. For me personally, now, it feels like trying to predict, instead of trying to follow. When I have an exit in my mind, then it's based on a sense, not math. Trading on feelings isn't really profitable for me. Been there, done that.

    I am at home on the range, each of my earlier proverbs. I trade multiple time frames overlaid on top of each other. If I can create a trend based on a higher time frame range, then I will because they are easier to profit on. If my high time period tendencies, then I just trade the higher time period. This usually means a change will be contingent on the higher time frame, while it's a range, or even a trend. Of course, these are my swing trade rules. If I am in the mood to trade sweet spots, it doesn't matter whether there is a trend or not. I am trading any substantial reverse, or departing and awaiting the continuation trade. I do not trade like this often. It is dependent upon the whipsaw. Recently, transactions are moving upward and down, not sideways, therefore I have no reason to depart. Sweet spots trading is good for consolidation and stair steps, but I would rather trade swings on greater patterns.

    So my leaves on weak reversals are determined by my lower time period and on strong reversals by my higher time period. I noticed that often individuals who use MTF analysis, me contained at the first days, where trading the higher time period since they were awaiting its signal to make a determination. I flipped that on its mind. In essence, there are two distinct levels of probability risk, according to two distinct signs that help determine weak vs strong signs. If my weak signal doesn't convert into a solid one, it means to depart. If the strong one reveals a weak opposite, or head fake, I can either depart until the manipulation finishes, or ride it out.

    Instead of utilizing regression channels, I have created an equilibrium field. If price is beyond the field, it's smooth sailing. If it begins to enter the field, I must learn whether it means anything or not. When it's stuck in the field, I must learn whether the range is sufficient to cover the spread if I should wait for it to break from the field, or if it's the end-of-day, it's my signal to depart and quit trading.

    There's a lot of thought in my own design, lol. It comes from over 40,000 hours of trading Forex, in addition to my time in the stock market. I keep forgetting to state, but I believe it was mostly the stock market that turned me against fundamentals. Every little piece of news caused knee-jerk reactions which were almost impossible to keep up . Forex is better because most fundamentals are scheduled, but the stop searching is too dangerous to me.

    This is the movie I referenced. It is a graphical representation of some thing I mentioned in an earlier post.

    Inserted Video

  6. #26
    On the preceding video, you get to see a line trader describing to line traders why they might lose a trade.

    This next video shows you how 90 percent of the market is traded. I don't find any traces. Can you?

    Should we merge both of these videos with each other, then how did that pattern happen? It happened because according to the movie, there was a clustering of sell to close and sell to open transactions in near proximity to each other. The bank wanted to buy, so that they acquired those pending sell orders. The result created the chaos on the first video. This is the reason why line trading has been pushed so difficult to novices. They make it look like trading and also convince it is the proper way to do it, then get one to risk cash, as groups, so that they could make the clusters and move their money off the rear of your cash. That is the reason why the 95 percent of individuals trading lines are regarded as the 95 percent of shedding traders. They're bait.

    I am a little confused about this scenario though, because aren't brokers the counter-party to your trade, not the bank? So, it contributes to a tiny insight of that whole process. Apparently the counter-party transactions are left on the opposite side of the column until all the buying is finished. Then those counter-party buys are triggered, which causes price to move from the consolidation zone and into the buy zone and make profit for your bank's orders. It is perplexing, but if that's even close to reality, then it's the counter-party transactions which are really making the market move, since the banks intercepted them and did not trigger the broker buy orders before all the bank sell orders were ended. They then employed the broker buy orders to put the bank into profit. So, basically, a delay at the brokers' transactions. The line traders along with the brokers were used to profit the bank, one by liquidity, as well as another by momentum caused by sudden one-sided buy quantity, by simply managing the activation of the pending orders through their market manufacturer. Only a concept of how it works, since I don't have any idea, but seems probable. Is it still your plan to defeat this activity by trading lines linked to preceding battle zones?

    How does making a square, rectangular, or triangular picture frame around candles prepare one for trading? What other figures in everyday life, things that go and are not stationary, would you quantify by drawing boundaries lines around it? I can't consider anything. Normally items that change often are averaged. It's possible to determine peaks, but for consistency in talking projections, the whole world uses averages. However, in trading, where your most tangible possession is utilized, cash, you forget about this and draw art jobs around previous transactions to make decisions about current trades. Brainwashed. The only way I've found to make money is to trade live. I have not yet figured out how to go back in time and put historical orders. They're done. Finished.

    As an equilibrium trader, I am tracking the difference between the buyers and sellers. The drawing of the first video would most like happen as consolidation to me. I'd have sold , waited for it to end, then bought on the way out. I'd have measured when buying or selling was popular and just followed it, instead of watching some imaginary line pretend to imply anything. Each turn of the market, according to the movie, occurs after filling a bunch order after which momentum drives it away, one direction or another. In my mind then, if you're not measuring the tug-of-war, then what are you measuring? Nothing. Lines draw boundaries and quantify nothing. That is the difference between what I do and also what the other 95 percent of traders do.

    This style of trading is how companies track their expenses against their profits. Contemplate expenses as sellers and profits as buyers. In company, you attempt to be about the positive side of the mean. In Forex, since both sides represent a currency, there is no positive side. It is positive for whichever currency is about the the side of the imply which price is moving out of. Hope that clarifies it. Best of Luck.

    Inserted Video

  7. #27
    Quote Originally Posted by ;
    On the former video, you have to see a line trader describing to lineup traders why they may eliminate a trade. This second video shows you how 90 percent of this market is traded. I don't find any traces. Can you? If we merge both of these videos with each other, then how did that pattern occur? It happened because according to the video, there was a clustering of market to sell and close to open transactions in near proximity to one another. The bank needed to buy, therefore that they obtained those pending market orders. The outcome generated the chaos on the first video. This is the reason why lineup...
    After a lot of thought (and studying and backtesting) that I have opted to fully eliminate lines. You are a balance trader (Buyers vs sellers) I am more of a probbability trader (Regression station, lower and higher TF on 1 Chart) If they line up (Did I just use the word line lol?) Or more exactly, when their individual more extreme deviations converge and make an area where the two higher and lower TF areas of likelihood of this trade going my way, coupled with my entry signals based in my indiors it tends to work fairly well. I've chosen to delete all of s/r indiors since I have ( in the past) hesitated in taking a trade since there was an s/r level close to where my whole system signaled me to choose a trade.

    I believe it'll work out in my favor since these s/r lines are just small (for the most part) areas of congestion where bulls and bears fight it out, but finally because I took the trade with fad on the two TF's in a place at which statistically speaking I have a higher likelihood of this trade (and trend) to last (pullbacks into higher prob zones).

    That's really it in a nutshell.

    I would be interested in hearing about your equilibrium field. I know you won't give away the secret sauce but if you could clarify how you put it together. Thought process, analysis, implementation, etc) I would be very curious.

    Thanks again.

  8. #28
    Quote Originally Posted by ;
    quote After a lot of consideration (and studying and backtesting) that I have decided to completely eliminate lines.
    I do not know your specifics, but I like your concept. I believe you're seeing some value in my suggestions, after making them your own. Your system must be you, not me, and you have to be your system. I used the trading weeks to confirm and look for improvements. I utilized the evenings to make adjustments and rewrite indior code to match my specifiions. If you have to use lines while you're progressing, don't let me pressure you to stop. I still use those zigzag dots, lol, despite the fact that they are unworthy in live training, lol. Only habit. Just don't forget the point I made early in the ribbon that if you have something that is contrary to the rest of your signs, it's very likely your attention will be concentrated on it and it will hurt you. Anything that does not contribute to your vision should be removed for your safety.

    Let me know how it works out. As for the area, it's merely a moving average area of the balance of two time frames surrounded by a third party time period. It lets me see market action without altering screens and enables me to see overlapping signs and their congruency on precisely the exact same chart. When price is out it, I know to leave the trade independently. When price begins to input it, I must be alert. When price is within it, I must track closely until it breaks outside the area. I don't know how your channels work, should they make a border around price, or if price is allowed to break out of these. If price can break out, then it's similar to my layout. Hopefully, you are going to start seeing head fakes and consolidation too, because you become more comfortable with how your layout draws different patterns. Also be aware of your natural inclination to want to improve your precision. Keep reminding yourself this by compounding the simple pips you can actually make more money because you will likely lose less transactions. Consistency is more profitable than precision. Creating 30 points a game scores more things than making one complete court shot, lol. Good Luck.


  9. #29
    Hi drock
    You can share which typical movings you utilize.
    Thank you
    July Bento

  10. #30
    Quote Originally Posted by ;
    Hello drock You can share which average movings you use. Thank you July Bento
    It will depend on your time period and how much accuracy you need on changes in direction. It must match your trading goals.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.