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THERE IS NO SIGNAL - IT IS ALL NOISE!

Posted: Fri Feb 15, 2013 11:59 pm
by TheRumpledOne
THERE IS NO SIGNAL - IT IS ALL NOISE!

http://youtu.be/sR3M41cgbas

Posted: Sat Feb 16, 2013 5:22 am
by MightyOne
We can control:

1) the speed at which we lose
2) how much is lost
3) position size
4) where we enter
5) potential profits (via accumulation)
6) the level of complexity in our trading
7) our mind

did I miss anything?

Posted: Sat Feb 16, 2013 3:23 pm
by PebbleTrader
8.) when we are in/out of the position (time)

Posted: Sat Feb 16, 2013 3:46 pm
by PebbleTrader
9.) account size (my personal opinion is that the traders with really small accounts are just setting themselves up for failure)

Posted: Sat Feb 16, 2013 4:44 pm
by PebbleTrader
I was just thinking about this...

PRICE & TIME is the signal...

Posted: Sat Feb 16, 2013 5:41 pm
by pawelklos
I think time doesn't matter. Price is important, we trade price, not time.

Posted: Sat Feb 16, 2013 7:21 pm
by PebbleTrader
I agree, PRICE is vastly more important than TIME.

I'm looking at time in the sense of consolidation or trending and to insure that my ideas generate profit in a reasonable amount of time.

Posted: Sat Feb 16, 2013 8:44 pm
by dchappy
TRO : Yes I agree with your statement that it is " all noise ".

However ,I believe /see that the noise forms patterns .

And these patterns (which can often be "forcasted ", because they

follow certain rules or laws ) , become the signal .

I too am a horizontal line trader ......

I draw the lines at the edges of the patterns formed by the noise ..

Posted: Sat Feb 16, 2013 9:02 pm
by dchappy
btw ..good video ..

I plan to read the book .........

Posted: Sat Feb 16, 2013 9:07 pm
by pawelklos
PebbleTrader wrote:I agree, PRICE is vastly more important than TIME.

I'm looking at time in the sense of consolidation or trending and to insure that my ideas generate profit in a reasonable amount of time.



I understand.

Personally, I prefer Renko chart.