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Time
- Thread starter oldtime
- Start date
it all started when I guess I was doing ok in forex
but sometimes I was trading every 20 seconds
and other times I was only trading once every few days
all based on price
so I just set the whole thing up in a paper account, with no regard to money
and suddenly, I wasn't trading on price
I was trading on time
Haven't actually done it with real money yet
but that's the good thing about et
no matter what idea you come up with
somebody else has already tried it, and can tell you how it will go
but sometimes I was trading every 20 seconds
and other times I was only trading once every few days
all based on price
so I just set the whole thing up in a paper account, with no regard to money
and suddenly, I wasn't trading on price
I was trading on time
Haven't actually done it with real money yet
but that's the good thing about et
no matter what idea you come up with
somebody else has already tried it, and can tell you how it will go
so for instance, in my case, I don't use stops, but I do add to winners and losers
and when you are adding quicker than usual
in otherwords, time
you can adjust, to keep your money management in tune
by using price to adjust time
(and yes, I'm a pothead, and only smoke when I'm flat, and just happen to be flat at the moment, after a very profitable day I might add)
It goes back to my dream of a strategy that evolves over time
not based on price
but how quickly or slowly things change
and when you are adding quicker than usual
in otherwords, time
you can adjust, to keep your money management in tune
by using price to adjust time
(and yes, I'm a pothead, and only smoke when I'm flat, and just happen to be flat at the moment, after a very profitable day I might add)
It goes back to my dream of a strategy that evolves over time
not based on price
but how quickly or slowly things change
yeah well, I know it means a hell of a lot more to you option traders than it does to meQuote from cdcaveman:
There is the idea that Mandelbrot talked about relating to price action and time....
the point I was getting to is
the regular occurring of instances
measured by time
rather than the values
Quote from oldtime:
yeah well, I know it means a hell of a lot more to you option traders than it does to me
the point I was getting to is
the regular occurring of instances
measured by time
rather than the values
sooo.... this might not even be what you are talking about but... if you have a rate of change on the increase should you not adjust your position . because inessense time is speeding up.. if you considered price action a function of time..... direction changes yes.. but the rate is the same if scaled to time.. if you take a fast market .. slow it down.. it looks very similar to a slow market.. and vice versa.. i heard a guy talking about increasing position size in slow trading and decreasing it in fast markets.. basically your using the same position size adjusted to a scaled time..
yes, that's exactly what I am talking aboutQuote from cdcaveman:
sooo.... this might not even be what you are talking about but... if you have a rate of change on the increase should you not adjust your position . because inessense time is speeding up.. if you considered price action a function of time..... direction changes yes.. but the rate is the same if scaled to time.. if you take a fast market .. slow it down.. it looks very similar to a slow market.. and vice versa.. i heard a guy talking about increasing position size in slow trading and decreasing it in fast markets.. basically your using the same position size adjusted to a scaled time..
mathematicians have explained this to me many times
it's always better to put it all on with a stop
but I can only lose 100% one time
so I have to be more careful
but to put it in laymen's terms, you adjust by how often your limits are getting hit
so if you are a one hour trader, and your limits are getting hit every minute, you need to widen up
two things have screwed me up more than you can imagineQuote from cdcaveman:
i've heard of guys just generally putting time stops on trades to... just a little more logic... if this and if this then stop out...
one was trailing stops
the other was time stops
and I've used them both ways
to stop a loss and to add to a winner
and both of them just totaly screwed me
but wouldn't it be nice if it was just that simple?