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Flying Dutchman

  • #3,101
  • Sep 6, 2022 10:28pm Sep 6, 2022 10:28pm
Quoting Viktor
{quote} There's no such thing as a "one single algo to rule them all". Bank for International Settlements > Major Central Banks > Commercial Banks > Futures > CFDs (retail Forex) Futures volume & liquidity flow (limit & market orders/time & sales) come from institutional (liquidity providers) algorithmic market-making around interbank exchange rates; that's why they work as good proxies for quick scalping. Aggregated ticks for drawing price candles in FX CFDs (derivative synthetic contracts) come from their quotes. We're talking about...
The BIS is the top dog so how can one algo work for all of the various liquidity providers? I've asked the question but won't get an answer because no one would have the inside detail of how it works. I posted a video yesterday about slippage where a broker explains how it works.
  • #3,102
  • Sep 6, 2022 10:32pm Sep 6, 2022 10:32pm
Quoting FulMargnAlch
{quote} If there is indeed a Master Algo inside a controlled space, why should it correct itself? Isn't it already efficient?
Gefx had some good points made about books. (not reading ones) Check his posts out.
  • #3,103
  • Sep 6, 2022 10:32pm Sep 6, 2022 10:32pm
Quoting spzd
European or American? With American that extra 00 will change everything.
European. For American, besides extra zero pockets the arrangement is different with worse odds.

Quoting Viktor
Well, roulettes component pieces and balls aren't microscopically balanced, and the human hand throws of the balls can't be measured, so they become truly random after a long-enough (not so long) set... at least for us to measure, with complete information of the physical system, down to the quantum levels, plus a quantum computer powerful enough to simulate it and further predict it... or a very VERY powerful deterministic AI, running in classical super computers made from millions of cores or thousands of GPUs, working in parallel (wow,...
It has to be probabilistic, not deterministic.
Know what you trade
  • #3,104
  • Sep 6, 2022 10:32pm Sep 6, 2022 10:32pm
Quoting FocusWinReal
{quote} Not in dispute, however they only add value to the strategic mindset and strategic approach. Any thing works in a proper trend. Have a look at history.
... and a trend is a trend until it isn't
  • #3,105
  • Sep 6, 2022 10:35pm Sep 6, 2022 10:35pm
Quoting FocusWinReal
Good point. The little red boxes and large green boxes that tradingview traders use. So retail, the logic being the target must get hit because the box is green and fixed.
Here I'm limited to static open lines. Dynamic lines open a whole new kettle of fish. Cheers
Know what you trade
  • #3,106
  • Sep 6, 2022 10:37pm Sep 6, 2022 10:37pm
Quoting Viktor
{quote} Sorry, I have nothing to say towards this nonsensical assumption about me, contradictory and almost comical. Yeah, each one believes what they want
Okay, but you can sell EG till DOL, but remember no SL
Have a good day Viktor!!!
  • #3,107
  • Sep 6, 2022 10:38pm Sep 6, 2022 10:38pm
Quoting BWilliam
{quote} European. For American, besides extra zero pockets the arrangement is different with worse odds. {quote} It has to be probabilistic, not deterministic.
Quantum = probabilistic ... so good luck getting all that compute $$$ power.

You know, even if complexity emerges from simple rules, once enough chaos/entropy has emerged, oversimplification leads to errors in approximation, diverging in wrong/faulty/incomplete results. There's no such thing as that level of efficiency at your will.
  • #3,108
  • Sep 6, 2022 10:38pm Sep 6, 2022 10:38pm
Quoting FulMargnAlch
{image}
FMA, you are working hard and talking trading. Nice work. Nice chart.
  • #3,109
  • Sep 6, 2022 10:39pm Sep 6, 2022 10:39pm
Quoting Ihlas
{quote} Okay, but you can sell EG till DOL, but remember no SL Have a good day Viktor!!!
Thx, u2 Ihlas!
  • #3,110
  • Sep 6, 2022 10:40pm Sep 6, 2022 10:40pm
Quoting Viktor
{quote} ... and a trend is a trend until it isn't
Naturally.
  • #3,111
  • Sep 6, 2022 10:45pm Sep 6, 2022 10:45pm
Quoting Viktor
{quote} Thx, u2 Ihlas!
My pleasure
  • #3,112
  • Sep 6, 2022 10:46pm Sep 6, 2022 10:46pm
Quoting Viktor
... and a trend is a trend until it isn't
A trend is a friend is mis-spelt, typo.

It should be,

A trend is a fiend.
Know what you trade
  • #3,113
  • Sep 6, 2022 10:52pm Sep 6, 2022 10:52pm
Quoting spzd
{quote} I am always learning from others. Some things are easily grasped, others not. How much I take from others depends on the current direction I am going. For instance, have been reading and studying the 5 minute. Interesting how at this level every bar has an effect (just as in longer time frames) in the ebb and flow. Fast enough to see many things play out, yet slow enough to grasp it. All good learning.
I agree. It's all learning regardless of where one is at. Taking trades on probabilities of repeatable price behaviour is really what trading is about for retail. It's simple and works. Many can show how and why. Understanding oneself is the key. It helps to understand the beast (adversary) though. It's extra and comes over time. We all have a lot to learn.
  • #3,114
  • Sep 6, 2022 10:54pm Sep 6, 2022 10:54pm
Quoting FocusWinReal
{quote} FMA, you are working hard and talking trading. Nice work. Nice chart.
I learn by application, traders need charts. Theories after theories gets convoluted and goes nowhere. May be let us put charts and see where it goes, may be there is something big in the chart that I cannot see and instead of babbling about it, maybe I'll look into it and see something to start upon.
The market hides a perfect geometry.
  • #3,115
  • Sep 6, 2022 10:55pm Sep 6, 2022 10:55pm
Quoting Ihlas
Yes, so don't use SL, let the losers run. Don't be afraid of DD. LOL Best advice ever You should be invincible, but indeed you need preparation. Amat victoria curam
Sounds like nonsense.
  • #3,116
  • Sep 6, 2022 10:59pm Sep 6, 2022 10:59pm
Quoting FocusWinReal
{quote} Sounds like nonsense.
You're right. It just sounds. You should extract some sense.
I just used one of the thread patterns. Makes sense huh?
But anyway it's really good to have some fun. Good luck!!!
  • #3,117
  • Edited 11:30pm Sep 6, 2022 11:17pm | Edited 11:30pm
Quoting FulMargnAlch
{quote} I learn by application, traders need charts. Theories after theories gets convoluted and goes nowhere. May be let us put charts and see where it goes, may be there is something big in the chart that I cannot see and instead of babbling about it, maybe I'll look into it and see something to start upon.
Scroll back and see what happened and when. It will help you see things in future. Not easy but try to just trade one pair and see how it forms Hs, Ls, when and where. Try to print a couple of patterns in ur head. Again its not easy and i am also in the learning stage. Some patterns are there right infront of us, more like screaming at us but somehow we are blinded. We mostly see it when the move is done. It may not be same like candle by candle but u have to recognise it. Don't worry about Algo and other stuff. Concentrate on these and place trades. If u see it a little later, don't worry it will appear again soon enough. I managed to see a pattern early London session and got a couple of trades in. Not gona see it all the time as we ain't programmed like computers but u get the drift.
Attached Image (click to enlarge)
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  • #3,118
  • Sep 6, 2022 11:40pm Sep 6, 2022 11:40pm
Looks like there is a failure here and the range exhausted around 60%. But we are near London so it has still the capacity to hit previous low. I'll set BE incase.
Attached Image (click to enlarge)
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The market hides a perfect geometry.
  • #3,119
  • Sep 6, 2022 11:44pm Sep 6, 2022 11:44pm
Quoting FulMargnAlch
Looks like there is a failure here and the range exhausted around 60%. But we are near London so it has still the capacity to hit previous low. I'll set BE incase.{image}
The most logical to TP here is the dol, for the past 2 days, fair value seems to land on this area.
The market hides a perfect geometry.
  • #3,120
  • Sep 7, 2022 12:01am Sep 7, 2022 12:01am
Quoting whitesta
{quote} Scroll back and see what happened and when. It will help you see things in future. Not easy but try to just trade one pair and see how it forms Hs, Ls, when and where. Try to print a couple of patterns in ur head. Again its not easy and i am also in the learning stage. Some patterns are there right infront of us, more like screaming at us but somehow we are blinded. We mostly see it when the move is done. It may not be same like candle by candle but u have to recognise it. Don't worry about Algo and other stuff. Concentrate on these and...
... some can be patterns while others only seem to be...
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