Iterative Refinement

Quote from Mr_Black:

The greatest reward risk opportunity is when one auction ends and a new one begins:D
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Can you elaborate? And don't tell me you are talking about Mr. Johari.:D
 
Quote from gucci:

Can you elaborate? And don't tell me you are talking about Mr. Johari.:D
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This is one of the Market Profile principles....the other is Auctions end with excess....:)
 
Quote from Mr_Black:

This is one of the Market Profile principles....the other is Auctions end with excess....:)
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Is this ANY different from what many of us have learned from Jack and Spyder? The same thing may be described in a multiplicity of ways but it remains what it is, no matter how it is seen.

lj
 
Quote from Mr_Black:

The greatest reward risk opportunity is when one auction ends and a new one begins:D
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I'm totally aware of the fact that I'm the last one to point to the subtle differences in paradigms (prediction vs anticipation). But I could not resist mentioning the following quote from Makosgu:

"As for the R/R thingy, I don't do it simply because I find it to be irrelevant. I never know what my reward is ahead of time since that would be the prediction trap. The market runs it's course and I just simply keep up with it. My immediate risk is breakeven, my reward is whatever the immediate trend shells out. This is an always positive R/R and thus destroys the need to be conscious of R/R since I get rid of all losers ASAP. 10 washes in a row, 40 washes in a row, how many back to back washes have you ever encountered? I've had at worst seven in many weeks of automation and the net on the day was still higher than the H-L. I've even pulled the T&S from the tightest day seen over the last few years."

Spyder, please chime in if I'm totally off base here. TIA.
 
Quote from gucci:

I'm totally aware of the fact that I'm the last one to point to the subtle differences in paradigms (prediction vs anticipation). But I could not resist mentioning the following quote from Makosgu:

"As for the R/R thingy, I don't do it simply because I find it to be irrelevant. I never know what my reward is ahead of time since that would be the prediction trap. The market runs it's course and I just simply keep up with it. My immediate risk is breakeven, my reward is whatever the immediate trend shells out. This is an always positive R/R and thus destroys the need to be conscious of R/R since I get rid of all losers ASAP. 10 washes in a row, 40 washes in a row, how many back to back washes have you ever encountered? I've had at worst seven in many weeks of automation and the net on the day was still higher than the H-L. I've even pulled the T&S from the tightest day seen over the last few years."

Spyder, please chime in if I'm totally off base here. TIA.
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If you trade exactly on (ftt to Bo,RTL to LTL,LTL to RTL) there is virtually no risk only reward...but your timing must be flawless....my 2 trades today were only point 3's....RTL to LTL...I always Keep stop order just in case something go wrong :)
 
Quote from Mr_Black:

If you trade exactly on (ftt to Bo,RTL to LTL,LTL to RTL) there is virtually no risk only reward...but your timing must be flawless:)
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Thanks.
 
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