Never Lose Again

[Leoheart]

A must read...

https://www.scottmiker.com/improving-sy ... successful

Very interesting. The athletic angle also carries "unseen" luck. What this means is that yes, you can say it was down to you being perfectly prepared and at the top of your game but equally you will have to acknowledge that maybe, just maybe, the other team (who may on paper have been better and who should have won) had something off in their prep, physically or mentally...so you were, in fact, lucky that you faced them at that time.

A bad bounce, a bad call, a bad break, etc...

A lucky bounce, a good call, a good break, etc...

Same event, different interpretation.

Even though the author didn't say it, I believe it is easy to infer.

Nice read, but I respectfully think this article is rather lacking. Imho, success in any field or endeavor goes way deeper then a surface level believe in hard work while acknowledging lady luck is on our sides at times.

We would all have to agree that many people love money and want more of it. So if we are ultimately pursuing the same goal, then why do some of us have alot while others are lacking? You can argue people with more money work harder. I can argue that most of us can testify that we know people in the same field that have equal amount of experience & work equally hard perform the same duties, yet some are way more prosperous. Its an odd phenmenon.


Like we are all being guided by an invisible force in a logical and systematic manner to what we are capable of earning or aquiring. This feels different than luck.

Have you guys considered Lotto players? A group of office workers buy a pool of lottos tickets. Say its a 1000 employees per company. All are playing the game in a pool. We 1000s of corporations across the US, with thousands of employees playing. Don't these employees have a statistical advantage of being more lucky? But what normals happens, one old lady wins jackpot perhaps playing on one ticket. Just luck, or maybe more?

To my example of hard workers from above. How many master traders are here, that have trained traders for years and some traders just can't seem 'get it' even with a decade worth of experience under the guidance of your teaching? How many times have you shown the simplest setup in the world, and you know it works 70 % -80 % percent of the time. Yet the person your trying to help, keeps destroying there account just trading this simple setup. Things just don't add up. You scratch your head in amazement, and final conclude that if its not the lack of hard work that is the culprit, then there must of an element of luck for some folks.

Its way deeper than most are willing to believe, because that would imply we have no control whether we work hard or not.

[TheRumpledOne]

Very interesting. The athletic angle also carries "unseen" luck. What this means is that yes, you can say it was down to you being perfectly prepared and at the top of your game but equally you will have to acknowledge that maybe, just maybe, the other team (who may on paper have been better and who should have won) had something off in their prep, physically or mentally...so you were, in fact, lucky that you faced them at that time.

A bad bounce, a bad call, a bad break, etc...

A lucky bounce, a good call, a good break, etc...

Same event, different interpretation.

Even though the author didn't say it, I believe it is easy to infer.

Nice read, but I respectfully think this article is rather lacking. Imho, success in any field or endeavor goes way deeper then a surface level believe in hard work while acknowledging lady luck is on our sides at times.

We would all have to agree that many people love money and want more of it. So if we are ultimately pursuing the same goal, then why do some of us have alot while others are lacking? You can argue people with more money work harder. I can argue that most of us can testify that we know people in the same field that have equal amount of experience & work equally hard perform the same duties, yet some are way more prosperous. Its an odd phenmenon.


Like we are all being guided by an invisible force in a logical and systematic manner to what we are capable of earning or aquiring. This feels different than luck.

Have you guys considered Lotto players? A group of office workers buy a pool of lottos tickets. Say its a 1000 employees per company. All are playing the game in a pool. We 1000s of corporations across the US, with thousands of employees playing. Don't these employees have a statistical advantage of being more lucky? But what normals happens, one old lady wins jackpot perhaps playing on one ticket. Just luck, or maybe more?

To my example of hard workers from above. How many master traders are here, that have trained traders for years and some traders just can't seem 'get it' even with a decade worth of experience under the guidance of your teaching? How many times have you shown the simplest setup in the world, and you know it works 70 % -80 % percent of the time. Yet the person your trying to help, keeps destroying there account just trading this simple setup. Things just don't add up. You scratch your head in amazement, and final conclude that if its not the lack of hard work that is the culprit, then there must of an element of luck for some folks.

Its way deeper than most are willing to believe, because that would imply we have no control whether we work hard or not.

Maybe it is as simple as either you're a RAT or a YALE STUDENT...LOL!

[Leoheart]

A bad bounce, a bad call, a bad break, etc...

A lucky bounce, a good call, a good break, etc...

Same event, different interpretation.

Even though the author didn't say it, I believe it is easy to infer.

Nice read, but I respectfully think this article is rather lacking. Imho, success in any field or endeavor goes way deeper then a surface level believe in hard work while acknowledging lady luck is on our sides at times.

We would all have to agree that many people love money and want more of it. So if we are ultimately pursuing the same goal, then why do some of us have alot while others are lacking? You can argue people with more money work harder. I can argue that most of us can testify that we know people in the same field that have equal amount of experience & work equally hard perform the same duties, yet some are way more prosperous. Its an odd phenmenon.


Like we are all being guided by an invisible force in a logical and systematic manner to what we are capable of earning or aquiring. This feels different than luck.

Have you guys considered Lotto players? A group of office workers buy a pool of lottos tickets. Say its a 1000 employees per company. All are playing the game in a pool. We 1000s of corporations across the US, with thousands of employees playing. Don't these employees have a statistical advantage of being more lucky? But what normals happens, one old lady wins jackpot perhaps playing on one ticket. Just luck, or maybe more?

To my example of hard workers from above. How many master traders are here, that have trained traders for years and some traders just can't seem 'get it' even with a decade worth of experience under the guidance of your teaching? How many times have you shown the simplest setup in the world, and you know it works 70 % -80 % percent of the time. Yet the person your trying to help, keeps destroying there account just trading this simple setup. Things just don't add up. You scratch your head in amazement, and final conclude that if its not the lack of hard work that is the culprit, then there must of an element of luck for some folks.

Its way deeper than most are willing to believe, because that would imply we have no control whether we work hard or not.

Maybe it is as simple as either you're a RAT or a YALE STUDENT...LOL!

Lol.. I give up. Should of kept my mouth shut. Like dealing with a 8 year old, Much love for you man.

[TheRumpledOne]

Nice read, but I respectfully think this article is rather lacking. Imho, success in any field or endeavor goes way deeper then a surface level believe in hard work while acknowledging lady luck is on our sides at times.

We would all have to agree that many people love money and want more of it. So if we are ultimately pursuing the same goal, then why do some of us have alot while others are lacking? You can argue people with more money work harder. I can argue that most of us can testify that we know people in the same field that have equal amount of experience & work equally hard perform the same duties, yet some are way more prosperous. Its an odd phenmenon.


Like we are all being guided by an invisible force in a logical and systematic manner to what we are capable of earning or aquiring. This feels different than luck.

Have you guys considered Lotto players? A group of office workers buy a pool of lottos tickets. Say its a 1000 employees per company. All are playing the game in a pool. We 1000s of corporations across the US, with thousands of employees playing. Don't these employees have a statistical advantage of being more lucky? But what normals happens, one old lady wins jackpot perhaps playing on one ticket. Just luck, or maybe more?

To my example of hard workers from above. How many master traders are here, that have trained traders for years and some traders just can't seem 'get it' even with a decade worth of experience under the guidance of your teaching? How many times have you shown the simplest setup in the world, and you know it works 70 % -80 % percent of the time. Yet the person your trying to help, keeps destroying there account just trading this simple setup. Things just don't add up. You scratch your head in amazement, and final conclude that if its not the lack of hard work that is the culprit, then there must of an element of luck for some folks.

Its way deeper than most are willing to believe, because that would imply we have no control whether we work hard or not.

Maybe it is as simple as either you're a RAT or a YALE STUDENT...LOL!

Lol.. I give up. Should of kept my mouth shut. Like dealing with a 8 year old, Much love for you man.

LOL!

[Mira]

Yep

To me “luck” is a word for “randomness”, working on a trading plan means trying to reduce the impact of the “bad” luck on your account (now you’ve 60% luck and 40% bad luck i.e.).

It’s just my guess

[LeMercenaire]

In the spirit of "price moves away from an initial point" . . . that would be BZ to most of us on the D1 or session opening.

However, perhaps because I had a bit of extra time on my hands, I ran a series of [random] Einstein entries when turning on my computer at a non-standard time. One the one hand, a session opening BZ makes more sense to me, BUT over a small sample the Einstein performed admirably. Price, given time and patience, is going (obviously) to move off from any initial point pass plus or minus 7 and keep going.

Although it shouldn't be, this was something of a revelation to me . . . at least the recognition that one may very likely be able to take Einstein entries, which are a unique BZ of their own, profitably.

Now it is true that some entries did tap across the + or - 7 Einstein line, a qualified entry, and retrace back and hit the other end of the 'zone' for a SL, BUT if one patiently stays with it, within each session, a positive outcome seems likely. Even more likely if you place Einstein lines on for several pairs. As my sample got bigger, it became more stable with an expectation of a total positive outcome.

I guess I am not saying this is better than being there to set up a daily BZ or for each session you are awake (therefore [i]not London for me), but if you arrive to the party late for any reason, our friend Professor Einstein is still there to help. I understand this is not going to turn (m)any into serious Einstein traders, but it might be part of my effort to harvest a percent or even two as many days as possible.

After all, Price will either go up or down. All you need is a horizontal line.

Good success crossing those lines to all, C[/i]

Did you do any more follow-up on this?

[LegendofZline]

In the spirit of "price moves away from an initial point" . . . that would be BZ to most of us on the D1 or session opening.

However, perhaps because I had a bit of extra time on my hands, I ran a series of [random] Einstein entries when turning on my computer at a non-standard time. One the one hand, a session opening BZ makes more sense to me, BUT over a small sample the Einstein performed admirably. Price, given time and patience, is going (obviously) to move off from any initial point pass plus or minus 7 and keep going.

Although it shouldn't be, this was something of a revelation to me . . . at least the recognition that one may very likely be able to take Einstein entries, which are a unique BZ of their own, profitably.

Now it is true that some entries did tap across the + or - 7 Einstein line, a qualified entry, and retrace back and hit the other end of the 'zone' for a SL, BUT if one patiently stays with it, within each session, a positive outcome seems likely. Even more likely if you place Einstein lines on for several pairs. As my sample got bigger, it became more stable with an expectation of a total positive outcome.

I guess I am not saying this is better than being there to set up a daily BZ or for each session you are awake (therefore [i]not London for me), but if you arrive to the party late for any reason, our friend Professor Einstein is still there to help. I understand this is not going to turn (m)any into serious Einstein traders, but it might be part of my effort to harvest a percent or even two as many days as possible.

After all, Price will either go up or down. All you need is a horizontal line.

Good success crossing those lines to all, C[/i]

Did you do any more follow-up on this?

Where do we get the Einstein and how do we use it? I know it’s like bz but randomly spotted when you enter market. Anymore in depth info would be great on how to use it.

[LeMercenaire]

In the spirit of "price moves away from an initial point" . . . that would be BZ to most of us on the D1 or session opening.

However, perhaps because I had a bit of extra time on my hands, I ran a series of [random] Einstein entries when turning on my computer at a non-standard time. One the one hand, a session opening BZ makes more sense to me, BUT over a small sample the Einstein performed admirably. Price, given time and patience, is going (obviously) to move off from any initial point pass plus or minus 7 and keep going.

Although it shouldn't be, this was something of a revelation to me . . . at least the recognition that one may very likely be able to take Einstein entries, which are a unique BZ of their own, profitably.

Now it is true that some entries did tap across the + or - 7 Einstein line, a qualified entry, and retrace back and hit the other end of the 'zone' for a SL, BUT if one patiently stays with it, within each session, a positive outcome seems likely. Even more likely if you place Einstein lines on for several pairs. As my sample got bigger, it became more stable with an expectation of a total positive outcome.

I guess I am not saying this is better than being there to set up a daily BZ or for each session you are awake (therefore [i]not London for me), but if you arrive to the party late for any reason, our friend Professor Einstein is still there to help. I understand this is not going to turn (m)any into serious Einstein traders, but it might be part of my effort to harvest a percent or even two as many days as possible.

After all, Price will either go up or down. All you need is a horizontal line.

Good success crossing those lines to all, C[/i]

Did you do any more follow-up on this?

Where do we get the Einstein and how do we use it? I know it’s like bz but randomly spotted when you enter market. Anymore in depth info would be great on how to use it.

It's in the Motherlodes folder if I remember correctly.

[Columba]

for LegendofZline. --

Right, should be in the Motherlode folders. I've had it for some time. It has always been a 'free' indicator from TRO.

If I were to add anything to my earlier thoughts it would be 1) you can't see success or failure on any individual trade. You must allow positive expectation to win out over the course of several/many trades (it will), and 2) I would add patience by increasing the size of the buy/sell window from +/- 7 pips to something greater. I slipped up to 10 but now look at 11 or 12 normally to take a position. One the other hand I believe in TRO's admonition to "take what you can get" so any gain of 5 or greater beyond my entry is welcomed by me.

You might wish to begin by trading with the smallest amount your broker will allow while getting comfortable with Dr. Einstein.

I might finally say what you will undoubtedly know that the trading day typically has dead zones of low momentum and price movement. These are rarely good for any approach. As for me, I step aside prior to the London close at noon NY time and won't be back to watch anything until near the Tokyo open at 8 pm NY time. Adjust your time accordingly. Many skip the early hours of the Tokyo session perhaps until the opening in Central Europe at 2 am NY time. The hours from 0200 to nearly 1200 (NY) should usually give you maximum opportunity.

And great success to you

Columba

[LegendofZline]

for LegendofZline. --

Right, should be in the Motherlode folders. I've had it for some time. It has always been a 'free' indicator from TRO.

If I were to add anything to my earlier thoughts it would be 1) you can't see success or failure on any individual trade. You must allow positive expectation to win out over the course of several/many trades (it will), and 2) I would add patience by increasing the size of the buy/sell window from +/- 7 pips to something greater. I slipped up to 10 but now look at 11 or 12 normally to take a position. One the other hand I believe in TRO's admonition to "take what you can get" so any gain of 5 or greater beyond my entry is welcomed by me.

You might wish to begin by trading with the smallest amount your broker will allow while getting comfortable with Dr. Einstein.

I might finally say what you will undoubtedly know that the trading day typically has dead zones of low momentum and price movement. These are rarely good for any approach. As for me, I step aside prior to the London close at noon NY time and won't be back to watch anything until near the Tokyo open at 8 pm NY time. Adjust your time accordingly. Many skip the early hours of the Tokyo session perhaps until the opening in Central Europe at 2 am NY time. The hours from 0200 to nearly 1200 (NY) should usually give you maximum opportunity.

And great success to you

Columba

Another question. Can I move my einstein line more than once in a trading session? Or should it stay at the levels for the whole trading day. And refresh location of einstein only once per trading session.