"I agree with what is being discussed here 100%, but, what i cant get my head around (as of yet) is HOW do you build a trading model that uses current price quote as a reference point...it goes up we buy...it goes down we sell...but at which points above/below such ref.point? Im wondering if standard deviations could come into play here."
Feel free to suggest new ideas...
I'm sharing this as it is building upon what has been discussed on Kreslik over the past many years. I'm not going to repeat things that have been discussed over and over again. I know it's painful but there's a lot of threads to go through...
simple, tradable, awesome statistics
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PebbleTrader wrote:"But what if we could do things like "Time Surgery"...where we surgically remove sections of time so that it can better help us SEE the path forward."
"You mean like remove dead spots in time where nothing happens? explain further please."
Yes, example of time surgery:
I cannot figure out how those purple things are made, other than being composed of 2 candles, how are they constructed?
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"I cannot figure out how those purple things are made, other than being composed of 2 candles, how are they constructed?"
http://insanityindustries.net/viewtopic.php?f=19&t=413
There are other ways to do it, that is just one example
http://insanityindustries.net/viewtopic.php?f=19&t=413
There are other ways to do it, that is just one example
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PebbleTrader wrote:"I cannot figure out how those purple things are made, other than being composed of 2 candles, how are they constructed?"
http://insanityindustries.net/viewtopic.php?f=19&t=413
There are other ways to do it, that is just one example
ok, I now understand the one on the link you posted, but I still do not get the one you posted, why does it deviate away from the chart in certain spots and then regroup later? is it because it is cancelling out certain pieces of time, that way when it starts up again it may be in a different spot?
and if that is the case, which pieces is it ignoring?
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PT, do you have any recommendations of threads to read that go over similar topics efficiently?
Its hard to tell which ones to read, and I'd prefer to keep it as efficient as possible to save time.
Its hard to tell which ones to read, and I'd prefer to keep it as efficient as possible to save time.
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ok, I think I need a little nudge here to dislodge my brain, I cannot find out how they are formulated. I have tried many different ways
First: Drawing some swings and connecting them
Second : Filling in the candles to see if anything pops out
Third: I was finally able to connect them to an open of a regular candle, but I can still not figure out how the time is offset
I just need a little help to see how they are offset, and then I'll be able to think about what it means.
First: Drawing some swings and connecting them
Second : Filling in the candles to see if anything pops out
Third: I was finally able to connect them to an open of a regular candle, but I can still not figure out how the time is offset
I just need a little help to see how they are offset, and then I'll be able to think about what it means.
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"Feel free to suggest new ideas..."
Sure, but i dont want to derail the OP's thread.
I'll keep it short and sweet and then let you guys decide if yes or no to more
Whole FX market = total sum of all money (100%).
This 'total sum of money' is segmented and invested into different currencies. So not ALL money will be in ONE currency by itself, it will be a %age of total money:
FX market = 100% of all money.
Euro = x% changing continually.
USD = x% changing continually.
CAD = ...you guys get the idea.
It is essentially the 'relative' strength of each individual currency that when paired up (for example you trade GBP/USD) you automatically know how much money (%) is moving each currency. This should indicate:
1) The strength of one currency VS. the other.
2) Which currency is more likely to continue in its intended direction.
3) The potential force behind the currency.
4) Momentum.
Of course this type of thing is already invented (currency strength meters) but what i notice, just like all other conventional indicators, they show information in a lagged manner because...:
1) They extract information via TF closing prices.
2) TF's (as discussed) dont truly exist, they package information.
So the key to make this less-lagging is to use the ticks.
If this could be done, in T-H-E-O-R-Y what it could show is:
1) Which currency is leading (alpha) and which currency is following (beta).
2) Could indicate moments which are more prone to produce fake moves.
3) Could indicate which currency has less risk for us to trade.
4) The true momentum behind the currency (since it dissects total money in it).
This then coupled with a 'system' (whichever it is) should produce better outcomes:
1) Be it with less losses (avoids fakes with better accuracy).
2) Be it with bigger gains (as it indicates the 'true' momo behind the individual currency being traded.
3) Tighter stops, since most moves should (in theory!) move away relatively fast from out ref. point (line in sand).
Any thoughts? Like i said, dont want to derail OP's thread
Sure, but i dont want to derail the OP's thread.
I'll keep it short and sweet and then let you guys decide if yes or no to more
Whole FX market = total sum of all money (100%).
This 'total sum of money' is segmented and invested into different currencies. So not ALL money will be in ONE currency by itself, it will be a %age of total money:
FX market = 100% of all money.
Euro = x% changing continually.
USD = x% changing continually.
CAD = ...you guys get the idea.
It is essentially the 'relative' strength of each individual currency that when paired up (for example you trade GBP/USD) you automatically know how much money (%) is moving each currency. This should indicate:
1) The strength of one currency VS. the other.
2) Which currency is more likely to continue in its intended direction.
3) The potential force behind the currency.
4) Momentum.
Of course this type of thing is already invented (currency strength meters) but what i notice, just like all other conventional indicators, they show information in a lagged manner because...:
1) They extract information via TF closing prices.
2) TF's (as discussed) dont truly exist, they package information.
So the key to make this less-lagging is to use the ticks.
If this could be done, in T-H-E-O-R-Y what it could show is:
1) Which currency is leading (alpha) and which currency is following (beta).
2) Could indicate moments which are more prone to produce fake moves.
3) Could indicate which currency has less risk for us to trade.
4) The true momentum behind the currency (since it dissects total money in it).
This then coupled with a 'system' (whichever it is) should produce better outcomes:
1) Be it with less losses (avoids fakes with better accuracy).
2) Be it with bigger gains (as it indicates the 'true' momo behind the individual currency being traded.
3) Tighter stops, since most moves should (in theory!) move away relatively fast from out ref. point (line in sand).
Any thoughts? Like i said, dont want to derail OP's thread
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