hmm.no edges in the markets
- Thread starter chimera
- Start date
Or we summarize why there are about 14 people maybe that....
do everything marketsurfer refutes?... including me.
Edge is forever. If it doesn't work on everything something's wrong or you haven't examined your theory or assumptions.
Anyway, quants had no way to solve their problems until genetic optimization really advanced, and that wasn't really until Multicharts 5 or 6, so pretty much all research up that point is bunk and has been for a long time to me, especially with media concluding that because quants at wirehouses with supposedly all of the best technology couldn't formalize their theories there and drew these false conclusions.
Really the manipulations I use to trade are not common knowledge, and neither do they include indicators other than averaging and basic arithmetic like that.
I came to the conclusion what I use to trade is probably not TA.
do everything marketsurfer refutes?... including me.
Edge is forever. If it doesn't work on everything something's wrong or you haven't examined your theory or assumptions.
Anyway, quants had no way to solve their problems until genetic optimization really advanced, and that wasn't really until Multicharts 5 or 6, so pretty much all research up that point is bunk and has been for a long time to me, especially with media concluding that because quants at wirehouses with supposedly all of the best technology couldn't formalize their theories there and drew these false conclusions.
Really the manipulations I use to trade are not common knowledge, and neither do they include indicators other than averaging and basic arithmetic like that.
I came to the conclusion what I use to trade is probably not TA.
WRB,
Thank You for saving
Surf
Youâre certainly a piece of work
Have any of us here asked you to prove you entered your top call a week or so ago
Have any of us asked you to prove you entered with a significant (which if I remember correctly was 90%) of your net worth
No we havenât⦠so how about getting a fuckin clue
Tryin to be civil..., but hell you ainât makin it easyâ¦.
RN
NoDoji,
Regarding the NQ chart you posted
I appreciate your posts... I must ask. Why did you not take the 1st HL setup after the 4 red bars at about 12:30. This actually followed a 1st HH. Also about 5 minutes after that setup a Ross hook or 1,2,3 pattern occured that you did not take.
Maybe " Im not a friggin machine" will suffice or "yeah its easy in himdsight"..... But you made money. Congrats.
Regarding the NQ chart you posted
I appreciate your posts... I must ask. Why did you not take the 1st HL setup after the 4 red bars at about 12:30. This actually followed a 1st HH. Also about 5 minutes after that setup a Ross hook or 1,2,3 pattern occured that you did not take.
Maybe " Im not a friggin machine" will suffice or "yeah its easy in himdsight"..... But you made money. Congrats.
Who has looked into there average daily "take" from the days range?
A good well disciplined day trader with an "EDGE" defined and constructed by that individual only should be able to average approx. booking 1/2 of the daily range. That includes all whip-saw days that can be rough on the best of us. What douses the bad days are the runner (trend) days where we get more than 1/2 the intraday range.
Anyone that can get a consistent 1/2 booked on average is a really good trader. The key to hitting that nut is understanding what worked yesterday is out to fool you today. There are only a very select "action" moves that work for whatever your 'edge" is. Momentum works for me while chop eats me alive if I try to outsmart anything but momentum runners. True, at times the daily range can get rather punk which must be considered. (there are other toys to work in times of slack though if desired)
The days we get a bunch of handles, ticks are sweet, the days we see less workable moves are not to be discouraging because we know the average will be ok. The good news about tough days is we no longer give back profits, like in the beginning where a weeks charmed trading got trashed by being a fool.
An interesting stat would be if anyone that has been showing consistent profitable trading can feel good by knowing "ON AVERAGE" their trading has improved by booking larger and larger amounts of the days range............Not the amount of money made, that can always be improved by adding cars. But real improvement.
:eek:
A good well disciplined day trader with an "EDGE" defined and constructed by that individual only should be able to average approx. booking 1/2 of the daily range. That includes all whip-saw days that can be rough on the best of us. What douses the bad days are the runner (trend) days where we get more than 1/2 the intraday range.
Anyone that can get a consistent 1/2 booked on average is a really good trader. The key to hitting that nut is understanding what worked yesterday is out to fool you today. There are only a very select "action" moves that work for whatever your 'edge" is. Momentum works for me while chop eats me alive if I try to outsmart anything but momentum runners. True, at times the daily range can get rather punk which must be considered. (there are other toys to work in times of slack though if desired)
The days we get a bunch of handles, ticks are sweet, the days we see less workable moves are not to be discouraging because we know the average will be ok. The good news about tough days is we no longer give back profits, like in the beginning where a weeks charmed trading got trashed by being a fool.
An interesting stat would be if anyone that has been showing consistent profitable trading can feel good by knowing "ON AVERAGE" their trading has improved by booking larger and larger amounts of the days range............Not the amount of money made, that can always be improved by adding cars. But real improvement.
:eek:
Do you trade?
do you have your trading screen on the same computer as your monnitoring and analysis screens.
does your account number show in the screen MS wants to think he is seeing?
MS has no takers because it is not the custom to show your account ID's to othere on things like GTM or skype.
Very humorous thread.
MS has never been in a trading room. Has he posted his contact info? LOL Does he expect someone to give him the info so he can call?
Will his quant be sitting in? will his assistant be sitting in?
there is NO WAY MS and his lackey's could follow any person's trading.
so far this thread has moved to PA trading.
ET has tons of archives of chat room trading before PA even became popular. was MS in that ET chat room at the time those years of calls were made by people long gone from ET?
In those days ET had moderators.
now the chat room is gone.
now the mods are gone.
MS is still here thinking people show their account ID's on GTM and/or Skype.
Can MS go to the P&L thread, read the prints and tab them and report back to this thread. Hell no.
I have this automated to some extent, with a pyramidial 2-1-2 combo of 2 systems where the first system overrides the single contract system and if they both agree put on 2 and 1, and 2 extra. This particular facet to my trading is why NQ is usually generous to me.
It sounds like the zone trading you're doing takes some respective discretion or you're not comfortable with the backtest.