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Marron
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Postby Marron » Sun May 31, 2009 1:10 pm

And... Ok I understand the semafors, but I cant understand if i must go long or short. Trigers give me a signal, but many times trigger give me a signal for a short, and after few minutes it changes direction. Could you give me some examples for this method? Tanks a lot realy...

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TheRumpledOne
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Postby TheRumpledOne » Sun May 31, 2009 2:27 pm

Examples are in the thread ANATOMY OF DRAINING THE BANK
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Sun May 31, 2009 2:49 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby MightyOne » Sun May 31, 2009 6:49 pm

http://www.hquotes.com/tradehard/simulator.html

Set lines QTY to at least 25!

If the chart doesn't tag the top right corner with a 25% margin of error on all 25 lines then don't use Kelly.

teoman wrote:
TheRumpledOne wrote:How in the world can an indicator tell you that THIS PRICE is the zigzag point and price is going to reverse?.




Yes for sure, nobody can know the future unless he has a time machine.

But you do believe statics as a master and an engineer must believe also..


2-2 semafor has the most probability to make money.

I do not need to be at the table all the time, When I have an edge , I put my money with kelly ratio,

This is how I start making a boatload of money, and I am sticking on that...


Thanks for helping me to open my eyes...


Best Regards...
Last edited by MightyOne on Sun May 31, 2009 6:57 pm, edited 1 time in total.

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Postby MightyOne » Sun May 31, 2009 6:51 pm

Double :(

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Postby Humble » Mon Jun 01, 2009 2:17 am

There is nothing to say a 2 Semafor will behave any different to a 1 or a 3. They just tag different size moves. A 2 Semafor will slide to the next bar, jump to the next more extreme bar after a very small reversal, or even change to a 3 Semafor. Different numbered Semafors will also swap chart positions with each other.

Don't know why people say they repaint!


Using TRO's indi that leaves a trail of colour coded dots behind it as the Semafor moves is a good way to see it after the event, if you are not able to watch it live.

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Postby inzider » Mon Jun 01, 2009 4:27 am

Many thx to you both, MO and TRO!
I feel its hard to find people who think outside of the box on this subject and i really appreciate info here!

Thx again!
WB: "Risk comes from not knowing what you're doing."

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Postby TheRumpledOne » Mon Jun 01, 2009 4:59 am

THE NEW MARKET WIZARDS
CONVERSATIONS WITH
AMERICA'S TOP TRADERS
JACK D. SCHWAGER

P161

==== Beyond confidence in their own success, what are some of the other characteristics of successful
traders? ====


Another important element is that they have a perceptual filter that they know well and that they use- By
perceptual filter I mean a methodology, an approach, or a system to understanding market behavior. For
example, Elliot! Wave analysis and classical chart analysis are types of perceptual filters. In our research, we
found that the type of perceptual filter doesn't really make much of a difference. It could be classical
chart analysis, Ganri, Elliott Waves, or Market Profile-all these methods appear to work, provided the
person knows the perceptual filter thoroughly and follows it.

==== I have an explanation as to why that may be the case. ====

I'd certainly be interested in hearing it.

==== I believe a lot of the popular methodologies are really vacuous. ====

[He laughs.] Aha! That's a pretty provocative statement. You've got my attention.

==== All these technical methods are based on price. In effect, they're all different-colored glasses for
looking at price. Proponents of RSI and Stochastics (two popular overbought/oversold indicators) would see
price patterns filtered through these price-derived series. Gann analysis enthusiasts would see the price
patterns through a Gann-based interpretation. In these cases and others, traders accumulate experience on
price patterns-albeit from different perspectives. Some of the methodologies employed, however, are
probably totally worthless. It's simply that instead of looking at prices through clear glass, traders who use
these methods are looking at prices through different-colored tints. The method, or tint shade, is a matter of
individual preference. To extend the analogy, I would compare these methods to nonprescription sunglasses:
they change the view but don't necessarily improve the vision. The bottom line is that these methods seem to
work only because the people who use them have developed some sort of intuitive experience about price.
====


That actually fits pretty well with my own view. People need to have a perceptual filter that matches the
way they think. The appropriate perceptual filter for a trader has more to do with how well it fits a trader's
mental strategy, his mode of thinking and decision making, than how well it accounts for market activity.
When a person gets to know any perceptual filter deeply, it helps develop his or her intuition. There's no
substitute for experience.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Mon Jun 01, 2009 5:02 am

THE NEW MARKET WIZARDS
CONVERSATIONS WITH
AMERICA'S TOP TRADERS
JACK D. SCHWAGER

P168

==== Is the implication that people always lose because they feel that they don't deserve to win? ====

No. Some people lose because they feel they don't deserve to win, but more people lose because they
never perform the basic tasks necessary to become a winning trader.

==== What are those tasks? ====

1. Develop a competent analytical methodology.
2. Extract a reasonable trading plan from this methodology.
3. Formulate rules for this plan that incorporate money management techniques.
4. Back-test the plan over a sufficiently long period.
5. Exercise self-management so that you adhere to the plan. The best plan in the world cannot work if you
don't act on it.
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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Postby prochargedmopar » Mon Jun 01, 2009 5:50 am

5. Exercise self-management so that you adhere to the plan. The best plan in the world cannot work if you
don't act on it.

Hit the nail on the head!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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