TwC...Trading without Charts

[hhiusa]

Yes. There are things called derivatives and integrals. Derivatives map changes across time. dS/dt = v(t), dv/dt = a(t), da/dt = j(t). Integrals are used to reverse the process.

Basically, the derivative of speed with respect to time is velocity.
The derivative of velocity with respect to time is acceleration.
The derivative of acceleration with respect to time is jerk.

The same can be applied to financial instruments. How fast is the price changing with respect to time.

 

[Lúidín]

Yes. There are things called derivatives and integrals. Derivatives map changes across time. dS/dt = v(t), dv/dt = a(t), da/dt = j(t). Integrals are used to reverse the process.

Basically, the derivative of speed with respect to time is velocity.
The derivative of velocity with respect to time is acceleration.
The derivative of acceleration with respect to time is jerk.

The same can be applied to financial instruments. How fast is the price changing with respect to time.

i can relate to that hh:cheesy:

give it a jerk..then it starts moving..speeding up till it stops..give it a jerk..etc..etc..etc

 

[Lúidín]

you will like this one hh,,

“There is no such thing as luck. It is all mathematics.”

 

[Lúidín]

if you read the article in my signature link..the most important bit in relation to trading is as follows...

By controlling the environment in which
rapid cognition takes place, we can
control it

this has a huge meaning regarding trading..for..it shows that your layout is the most important thing that can dramatically affect your trading results..and if your trading results are bad..then the first thing you must change is your layout:idea:

 

[hhiusa]

Are you a gambling man? I only ask because you posted that pdf on casino math. I have actually never been in a casino before.

 

[Forexmospherian]

Show me where this was proven. I will think for myself. I have higher than a 75% win ratio. I have been posting trades with Lui in the live trades thread.

Hi hhiusa

Well if you mean give you the proof of how many times this guy got his calls wrong you need to dig out the archives of FXStreet from late 2011 to mid 2013.

He had also written a book called - "Inside the Currency Market" and explained in detail how his Standard Deviation calculations could go on to predict price in the future with pin point accuracy etc etc and that was one of the main methods used by large Banks and Hedge Funds etc etc.

Unfortunately - he did believe in market manipulations / trickery and devious market makers who set up false sentiment play in the FX markets - maybe now 5 + year later he might have a different view.

With regards to your Win Ratios - you are a clever guy with a mathematical bias - surely you know that we cannot base any win ratios on just under 30 or even 100 trades - its just not a large enough sample.

I am an intraday trader and base my win ratios of batches of 100 trades in a 1000 trade cycle. They can vary from a low 62% to a high 87% - so a mean average of 72% is possible with my method. How large a sample are you using ? Although I have not got a clue on trading other financial Instruments ( only FX ) you really do need to look at a minimum 100 trades - ideally spreading over 6 to 9 months as a minimum - and certainly not just in one favourable month or quarter

Regards


F

 

[Lúidín]

Are you a gambling man? I only ask because you posted that pdf on casino math. I have actually never been in a casino before.

any time you put your money at risk..it is a gamble..no matter what anyone says

you can call it what you like..investing..daytrading..scalping..swingtrading..it makes no difference..no reward without risk

however..you can walk into the casino thinking it might just be your lucky day..or you can spend some time to find out how..and why..the casino will always win in the longrun..hell..even some if the casino owners making money don't even know how they make it

what you see posted on websites like this..is nothing more than what happens in your everday life..trading results are but a reflection of the person you currently are..if you are a consistent loser..odds are your life is the same..consistent winner..same applies

the first step..with regard to any major change in your life..is..awareness..after that things can change for rhe better very quickly..providing you use common sense and logical deductions..

the human brain is a very complex organism..having evolved over billions of years..it was not created by anyone..or any thing..it evolved..it works on the principle of feedback..trial and error..those who understood this..have..and still do..climb to the highest level in the social order..in other words..they know the weaknesses of the human brain..and can thus manipulate people to do things that they would never do if the brain was allowed to function as it has evolved to function..

of course i am a gambling man

 

[Jason101]

Why would you want not to use charts?
Surely it is just another tool in your tool box?
As far as using past data to predict the future, I personally would not consider trading any system that would not produce profits on a randomly generated chart.
But everyone has their own methods, so good luck to yours.

 

[Lúidín]

Why would you want not to use charts?
Surely it is just another tool in your tool box?
As far as using past data to predict the future, I personally would not consider trading any system that would not produce profits on a randomly generated chart.
But everyone has their own methods, so good luck to yours.

because..if it works out better not using charts..meaning more profit due to less losers..and smaller losses on actual losers..and greater profits on actual winners..would i not be foolish to not TwC

nothing ventured..nothing gained

 

[hhiusa]

Hi hhiusa

Well if you mean give you the proof of how many times this guy got his calls wrong you need to dig out the archives of FXStreet from late 2011 to mid 2013.

He had also written a book called - "Inside the Currency Market" and explained in detail how his Standard Deviation calculations could go on to predict price in the future with pin point accuracy etc etc and that was one of the main methods used by large Banks and Hedge Funds etc etc.

Unfortunately - he did believe in market manipulations / trickery and devious market makers who set up false sentiment play in the FX markets - maybe now 5 + year later he might have a different view.

With regards to your Win Ratios - you are a clever guy with a mathematical bias - surely you know that we cannot base any win ratios on just under 30 or even 100 trades - its just not a large enough sample.

I am an intraday trader and base my win ratios of batches of 100 trades in a 1000 trade cycle. They can vary from a low 62% to a high 87% - so a mean average of 72% is possible with my method. How large a sample are you using ? Although I have not got a clue on trading other financial Instruments ( only FX ) you really do need to look at a minimum 100 trades - ideally spreading over 6 to 9 months as a minimum - and certainly not just in one favourable month or quarter

Regards


F

It is not my responsibility to dig for you. Do not be lazy. You opened your mouth claiming this guy proved I could not do something. If you are going to open your mouth and say something, back it up.

You can dig through the information and get it back. I do not think you will because I do not believe you anyway. This is typical behavior from you. You never give any reliable sources.

 

[Jason101]

I have seen traders screens on TV on news items, which only have price quotes I had assumed they were market makers or front runners? I know that Jesse Livermere didn't use charts but would he nowadays with today's computing powers available at the push of a button, maybe not because he had many staff at his beck and call, who could have produced charts.
I have always been interested in trading without the use of time charts, but I am profitable enough to put that one on the back burner (if it ain't broke don't try to fix it)
There are many ways to win and lose money in the markets so good luck to you.

 

[hhiusa]

I have seen traders screens on TV on news items, which only have price quotes I had assumed they were market makers or front runners? I know that Jesse Livermere didn't use charts but would he nowadays with today's computing powers available at the push of a button, maybe not because he had many staff at his beck and call, who could have produced charts.
I have always been interested in trading without the use of time charts, but I am profitable enough to put that one on the back burner (if it ain't broke don't try to fix it)
There are many ways to win and lose money in the markets so good luck to you.

Algorithmic trading accounts for a huge proportion of trades made in the US market and by huge firms. They spend millions upon this sort of thing.

Again, your chart is just a GUI (graphical user interface) based upon code used to visualize it. You do not need charts.

 

[tar]

I do that often ...

 

[hhiusa]

I do that often ...

What? Try explaining what you mean. Trade algorithmically? If so, that is pretty vague.

 

[Forexmospherian]

It is not my responsibility to dig for you. Do not be lazy. You opened your mouth claiming this guy proved I could not do something. If you are going to open your mouth and say something, back it up.

You can dig through the information and get it back. I do not think you will because I do not believe you anyway. This is typical behavior from you. You never give any reliable sources.

The cheek of a young upstart is unbelievable - and I even passed on a compliment to you

If you cannot google Brian Twomey - Inside the Currency market - and then FX Street - I should give up

Get on with it !!!!!!

 

[hhiusa]

The cheek of a young upstart is unbelievable - and I even passed on a compliment to you

If you cannot google Brian Twomey - Inside the Currency market - and then FX Street - I should give up

Get on with it !!!!!!

It is proper when making a statement like the one you did to back it up with evidence. You should not tell the other party to "look it up on google". You should be ready with sources in hand. This is a financial forum, not Facebook. Give me some verifiable sources. You would hopefully not tell people in a presentation to look it up if they asked you a question. You have said that you are now retired. Surely, you have had to give a proper presentation before.

As for the compliment, they are always patronizing and two sided. You give me a compliment and then swat me with a "but...". You write more like a "young'un" than I do and age is just a number. Your age is immaterial to me here. Your actions are speaking louder to me than your age.

In regards to your statement about how long I look back for a track record, the answer is 10 years. If you are willing and able, I would be willing to discuss the math with you.

 

[Lúidín]

I have seen traders screens on TV on news items, which only have price quotes I had assumed they were market makers or front runners? I know that Jesse Livermere didn't use charts but would he nowadays with today's computing powers available at the push of a button, maybe not because he had many staff at his beck and call, who could have produced charts.
I have always been interested in trading without the use of time charts, but I am profitable enough to put that one on the back burner (if it ain't broke don't try to fix it)
There are many ways to win and lose money in the markets so good luck to you.

why was sean quinn not happy with over 4 billion euro..why did he risk it all on anglo irish bank..and lose it!

if you keep doing the same thing..then you will keep getting the same results

there is nothing wrong with progression..how do you think the human brain is what it is today..definitely not attributed to people who just accepted what they had..for..they were..and will always be..the minority:idea:

 

[hhiusa]

Exactly. Doing the same thing again and again is a definite criterion for insanity.

 

[Lúidín]

Exactly. Doing the same thing again and again is a definite criterion for insanity.

maybe not insanity..but stupidity..yes

 

[hhiusa]

maybe not insanity..but stupidity..yes