The Theory of Edge Diminishing

Overnight said:
Unless you are flipping 10 thousand contracts at any given time at a price point, I don't think anyone gives a shit about what you are doing. And I cannot recall a time where I saw a 10K lot resting order on the NQ order book. Granted, I do not look at it much, but...Seriously? Isn't your stuff just lost in the noise of the MILLIONS or orders that get entered and then cancelled on any given day in NQ?
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BHAHAHAHAH AHAHAH A if you come tp this sight for comedy and stress relief it is really a great site.. nice one overnut!
 
.sigma said:
What did I convince you of? My objective isn't to convince anyone of anything lol, I'm just simply curious of this concept.

Since "edge" is such a loosely vague important term us traders throw around on these forums, I thought of edge diminishing when more people trade a certain strategy and it becomes fully arbed.
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You had me at con!
 
trustedsource said:
BHAHAHAHAH AHAHAH A if you come tp this sight for comedy and stress relief it is really a great site.. nice one overnut!
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So you are saying you have seen 10K orders resting on the NQ price ladder? If so, do you have a screenshot of it?
 
.sigma said:
I've read a lot on forums about how traders don't tell their "edge" to the public because they are fearful if by doing so,
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an edge which is obtained by a mechanical system rule based will disappear if too many people use it.because there will not be any body to take the other side of the transaction.

this is theory.
because it also assumes that all the traders in the world are in one security and in one time frame which is highly unlikely.
 
wmwmw said:
Now answer two questions:
1.Why TA methods do not work now?
2. Why market is so difficult to beat?
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it took me 12 years to make TA work.......

to say TA does not work, is like saying a screwdriver, does not work:it will not work if you use it to [try] open a bolt.

i realised that i had certain misunderstanding about the market.that i was using it in the wrong way

the first one;
markets revert to the mean:this is true often but when it is not true, the a price action is very dramatic that it will wipe your account out, if you do not have the correct stop.

why are markets so difficult to beat.....why do you want to beat it? ' you cannot beat the market you can only join it '
 
.sigma said:
I've read a lot on forums about how traders don't tell their "edge" to the public because they are fearful if by doing so, this current method that feeds their account would suddenly disappear, or maybe gradually, becoming fully arb'ed..

Is this shit even real? Lets say you tell this forum your exact money maker.. lets say a few thousand people start using your method (highly unlikely), would you really see your edge disappear? These strangers would have to trade exactly like you to accomplish this, and of course the trading will differ no matter how similar the set up.

IDK about you but I'm not buying this. Thoughts?

Discuss :)
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Yes, I believe this to be very true. Anyone with enough market knowledge can develop something that works, this information can help them develop their own edge, but
an edge doesn't have to be some fancy algorithm, it can be something simple, it just has to work for you.
Prior to trading the ES I was into currencies, until Commodities magazine came out with an article on how to use Fibs. At that time I was a big fib player, my bounce points were within 1 tick of a pivot, without fail. After the article the fibs didn't work for several weeks. Ok yes, just maybe that was a coincidence, Right? Than a year later an article by Barron's on fibs and again they stopped working and so did I. Yes Markets can change on a dime, and than systems have to change as well. So why quicken the change with a loose mouth? If you have a cash machine why bother writing article or book or getting on the radio and bolster on how well your system works and then tell the world?

My Israeli friend once said to me, for every idiot that dies another one is born. :rolleyes:
 
Another obvious angle, one will spend a very long time discovering some profitable market truth, it just runs against the grain to feed it to possible hostile strangers and where one doesn't even get a thankyou back.
If I give something away free, at least it will be someone in my circle of friends or aquaintances.
The bible says "dont let the left hand know what the right hand is doing" in regards to giving, yeah, well I don't really agree with that philosphy.
 
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