THERE IS NO SIGNAL - IT IS ALL NOISE!
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newscalper wrote:You're right, it doesn't translate
Price does not close, ever. 'Close' is defined by an arbitrary time bar that you are putting significance on because it's what you've been given to work with by your broker. If your broker supplied you with 92.5 minute bar charts you'd be putting significance on that. The bar is not price.
Any line you draw from any point of any arbitrary time bar is just a random price and, being random has virtually no significance other than that you choose to put upon it.
You can't even say the daily open has significance. Which daily open? The one on your chart? The one somewhere between Frankfurt and London? (what time did they get in this morning?) etc.
That's why I said define close - what is close? 1 tick, a 15 minute bar, an hourly bar, a daily bar etc etc. The only things that aren't random are fixed price points.
I was just using the close of a candle as example where you can draw a line of significance. I agree you can use any price point anywhere. I was just pointing out just as long as price doesn't come back up to that area you shouldn't get out trade until price is above your line.
Like I said I don't know I am just trying to participate to help learn at a faster rate then sitting in the sidelines. Thanks for the explanation.
- Captain Pugwash
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That was a truly interesting video
It made me think about this strange trading game we all play. It also shows me just how far I have personally traveled down the road.
It seems when a human being excels at anything - they can say, with some surety, that "The world works like this - and therefore, it doesn't work like that"
But we are all given different "wiring" between our ears. So our perspectives are individual and therefore different. Its like that Relativity experiment, the one where a ball is thrown from a train - From the perspective of those on the train the ball moves backwards - but an observer on the ground can clearly see the ball move forwards
I think what I am trying to say is, One Mans Noise - Is Another Mans Bread and Butter
Stay Lucky
It made me think about this strange trading game we all play. It also shows me just how far I have personally traveled down the road.
It seems when a human being excels at anything - they can say, with some surety, that "The world works like this - and therefore, it doesn't work like that"
But we are all given different "wiring" between our ears. So our perspectives are individual and therefore different. Its like that Relativity experiment, the one where a ball is thrown from a train - From the perspective of those on the train the ball moves backwards - but an observer on the ground can clearly see the ball move forwards
I think what I am trying to say is, One Mans Noise - Is Another Mans Bread and Butter
Stay Lucky
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
All is noise in life. Think about sound, it's only noise! But it's the mathematical integration and filtering of this noise that give music. The first pulse modulation phase amplifiers coming out in the 60 or seventies. Today it's the rule and we are listening a serie of digital zero and one! Before the computer era many people had only the close of the day, in Japan they always had the open and close giving a candle. I think that a good trader could visualize better what could happen by integrating noise properly.
If you don't know who you are, the markets are an expansive place to find out.
- PebbleTrader
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The chicken or the egg first? All days we seen prices stop and rebound or going thru on fibonnaci or other R/S levels. If these levels doesn't exist how will the prices look? We cannot predict if the prices will going up or down from this level but it's a signal to start thinking.
If you don't know who you are, the markets are an expansive place to find out.
- pineapples
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Re: THERE IS NO SIGNAL - IT IS ALL NOISE!
I've come full circle back to TRO's trading philosophy and the past three months have been my most profitable ever. You do need to have good money management in place and think like a casino owner, then TRO's method is unstoppable.
Be prepared to have some stop losses hit though; just as a casino owner is prepared to make payouts to winning clients, TRO's trapline method gives you the edge, that is all.
- pineapples
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Adding on to the casino owner analogy, imagine being the owner of a casino where you can force your client on and off the table of your choice. If the client starts winning too much, you can boot him off. If he's on a losing streak, you can make him stay and keep playing. You can then boot him off after you feel he's lost enough on your table. This is the equivalent mindset of a successful forex trader.
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- TheRumpledOne
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http://www.youtube.com/watch?v=z4zhI9uL ... ploademail
http://www.thersa.org/__data/assets/fil ... Silver.mp3
http://www.thersa.org/__data/assets/fil ... Silver.mp3
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
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