hmm.no edges in the markets

[NoDoji]

Quote from eurusdzn:

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.

The reason I didn't take any other trades before the one I did is because I was away from my trading platform until just before that point in time and when I looked at the NQ, price was already moving up off the 1-2-3 at that point and rather close to the R levels, so I prepared for a short off R if price paused there (which it did). I'm pretty sure I would've traded the 1-2-3 to the long side, because in hindsight it looks like a valid scalp setup to me

 

[bwolinsky]

Quote from NoDoji:

The reason I didn't take any other trades before the one I did is because I was away from my trading platform until just before that point in time and when I looked at the NQ, price was already moving up off the 1-2-3 at that point and rather close to the R levels, so I prepared for a short off R if price paused there (which it did). I'm pretty sure I would've traded the 1-2-3 to the long side, because in hindsight it looks like a valid scalp setup to me

Those are probably much larger winners if you let them run a few hours.

 

[cornix]

Got one question regarding Combine to people who been through it:

Did I understand it correctly that if a trader who goes live Combine does not hit the loss limits and produces some profit, he keeps 60% of the profits?

 

[jack hershey]

Quote from marketsurfer:

Yes, I had the brains reversed. Thanks for the correction ---

Years ago some quants and I tested the basic candlestick patterns as described on lit wick.com--- there was nothing significant that couldn't be ascribed to randomness.

In modern times the tooling for merging what you calll "wicks" with envelopes yield an entirely different result. Many pltform libraries have these mergers as standard stuff.

google the work of bollinger to find out the basics.

The significance of the "wick" that gained your attention was described about 400 years ago.

If you learned the terminology and systemic stuff on CS's you might make some headway.

 

[jack hershey]

Quote from Redneck:

One needs to be centric (or right/ left balanced)

Having a dominant side - you're screwed (I know as I had one, and had to reset)

RN

A balanced brain has a mind that is fully differentiated. When a perons gets to a centain point in filling in the spectrum, then the larger resource (the unconscious LTM is merged by the brain with the conscious.

Unfortunately, this whole process is stymied by irrational and contradictory myths. It is fun to see people who have the consequences of mental misbehavior. the mind cannot erase even though there are over 200 peptides at work assembling the synaptic connections.

 

[trendo]

Quote from jack hershey:


It is fun to see people who have the consequences of mental misbehavior.

Fun? That sounds a little sadistic.

 

[jamespond]

Quote from NoDoji:

It's all about the S and the R

Fully agree. Even R/S levels that really the whole world can see like previous Low Of Day work fine.

My first trade for today. I think I'll go back to bed

(there's an offset of 2 hours vs broker statement)

 

[trilogic]

Quote from jamespond:

Fully agree. Even R/S levels that really the whole world can see like previous Low Of Day work fine.

My first trade for today. I think I'll go back to bed

(there's an offset of 2 hours vs broker statement)

that low was broken, its guess that worked thats all

i how many have you done just like this exact set up and what the expectancy ?

thnx

 

[jamespond]

Quote from trilogic:

that low was broken, its guess that worked thats all

i how many have you done just like this exact set up and what the expectancy ?

thnx

It depends a bit on what TF you look at it but I suppose you're right if you look at the exact ticks on the 1min chart. However I use other (TA) tools to try and find the tops / bottoms of swings and for me it coincides really nicely here with prev LOD bounce.

JP

 

[trilogic]

Quote from jamespond:

It depends a bit on what TF you look at it but I suppose you're right if you look at the exact ticks on the 1min chart. However I use other (TA) tools to try and find the tops / bottoms of swings and for me it coincides really nicely here with prev LOD bounce.

JP

ok, sounds easy then ? find yesterdays low just buy when it hits there ?

expectancy ?