Duxon's Archive

Discussion in 'Journals' started by expiated, Feb 1, 2019.

  1. I'll be honest. I can't tell if they are robots or people acting like robots. They blink like they are real. But I went to the website and they seem like they are robots.

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    #701     Dec 19, 2021
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    Synthesia creates professional artificial intelligence (AI) videos from text in 50 plus languages. Open AI trained a research version of GPT-3 that can search the web, synthesize information, and cite its sources to provide more accurate answers to questions. GPT-3 stands for "generative pre-trained transformer 3" and is an autoregressive language model that uses deep learning to produce human-like text. It is these combined technologies that produced the above non-human videos.
     
    #702     Dec 19, 2021
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    Tuesday / December 21, 2021

    My focus on binary options during the past two weeks, in combination with a lack of sustained trends among the currency pairs, forced me to reevaluate my protocol for coming as close as possible to guarantying that every single trade I make is profitable.

    As a result, I have settled on an "ultimate truth" version of NPP that I trust will lead to my making some relatively huge trades by the end of this week, God willing. This approach settles the debate over whether it is better to use the 6- or the 8-hour baseline to suggest the general overall direction rates are headed at the intraday level, with the 8-hour measure coming out on top.

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    Moreover, it turns out that, like the one-hour baseline, the two-hour baseline is also too susceptible to shorter-term price fluctuations to be trusted as indicating the more immediate price flow at the intraday level, and has therefore been replaced by the three-hour baseline.

    The other key measures associated with this "ultimate truth" approach include the 16-hour price range, the 8-hour price range, the three-hour price range, the one-hour price range, the 26-minute price range, the 30-minute temporal support/resistance levels, and the 15-minute temporal support/resistance levels.

    These measures are used to identify trade opportunities on 15-minute charts, at which point, I drop down to five- and then one-minute charts to pinpoint the optimal moment to enter each position using measures as precise as the 8½-, 6- and 2¼- to 2⅓-minute baselines.
     
    #703     Dec 21, 2021
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    Tuesday / December 21, 2021 / 8:50 AM PST
    .....GROUND ZERO
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    This modus operandi does not appear to ever lie and I am almost excited at the prospect of its being the starting point for whatever I am able to do with my trading going forward. I was supposedly all finished developing Numerical Price Prediction (NPP) a couple of months ago, but with this last version of the system promising to work in any market environment, I trust that all I will be doing from here on out is trading it, so I am very grateful for my having been given whatever it was that ultimately led me to the perspectives on trading that resulted in my coming to this point, thanks be to the Father.
     
    #704     Dec 21, 2021
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    Merry Christmas Church Family!

     
    #705     Dec 23, 2021
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    #706     Dec 23, 2021
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    Transcript from the first part of your video presentation...
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    A 2014 research study carried out by the European Central Bank using information gathered from leading European brokerage firms reportedly found that close to 70% of retail Forex traders are losing money overall while trading foreign currency pairs.

    Similarly, a survey conducted by Chris Davison of Trent University in London found that, according to the self-reporting of traders responding to his questionnaire, only 18% made a large profit over the previous six months with another 19.5% making a small profit.

    Approximately 63% of those that remained said they either broke even, experienced a small loss, or suffered a large one.

    So why are 60 to 70% of retail traders failing to thrive in the financial markets, and less than 20% reporting that they are realizing substantial gains?
     
    #707     Dec 24, 2021
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    I never heard of Justin Brierley before...

     
    #708     Dec 25, 2021
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    Playing at the Brink of the Abyss
    By Rose Ferreira

    May 2017. Having lost my only source of income about a year before, I had only around 5 thousand Pounds in savings to live on and was in desperate need of finding a means to make it grow. At that point I had practically abandoned my many years of academic training as a scholar and was ready to embrace any occasional job that appeared to me. Babysitting and occasional nannying was gradually becoming my new mainstream career. It was good and quick money and I nearly could find some pleasure in it. But the flow was irregular and inconsistent, the number of working hours could range from something to nothing. However, personal circumstances at the time would not allow me to apply for a full-time job, the only thing that gave me peace of mind was that untouched £5,000 in my bank account. But it was clear that if I wanted to remain in the county, I needed to sort out my subsistence issue: and I was determined to stay.

    It was by then, that I started to think in a way to make money without having a job. This could sort out my little financial problem and, as a bonus, set me free from those parents and their little devils forever, although I confess to having some fun with the devils. I immediately jumped to my computer to get some ideas on how to make my plan work.

    While doing the research, all roads led me to the same place: the illimited possibilities offered by having an online job, or by working from home. I was thrilled. I spent days thinking of what kind of work I could do from home, that is, from my room, which was the only part of the house I could effectively call home. After extensively searching and hours of browsing the options, my enthusiasm seemed to be fading away. The “illimited possibilities of the online job market did not seem very promising after all. I could not come up with any idea apart from filling forms, responding surveys, earning a few pence to click here and there, selling products on pre-ready websites. Neither was I be able to get anybody to tell what they did from home to earn money. I felt hopeless. Nothing seemed able to provide me with a reliable way to make a living without a job. Nothing, until I bumped into a video on a YouTube advertisement. One of those we skip before it even begins. But that one I watched in its entirety, for those interminable 4 seconds, and went looking for more information afterwards. The guy on the video, who had a fine appearance of an eccentric millionaire, was promising a fabulous amount of earnings, absolutely hassle and, more importantly, work free. I did not need to do much, in fact, nothing. The “system” would take care of everything. My only trouble, if any, would be to collect the money earned. Ah, yes, I had to pay for something, the “system”, and open an account with someone called “the Broker”. But this was nothing that could compromise my faith in such a fabulous enterprise. No, I am not a naïve person. I am actually quite suspicious of things that are too good to be true. So I did my homework, carried out and exhaustive investigation about that business and found out that “the Broker” was a legitimate company and “the system” was nothing else than a robot. A robot that could make me a millionaire! I was absolutely thrilled. I wasn’t being caught in an internet scam, no, I was stepping into a legitimate, genuine, millionaire business, where thousands, millions of people were profiting without having to lift a finger, from home. How could I have been left out of this game for more than 4 decades?

    However, the thing did not evolve as quick as I wanted. I was impatient. To open the account with the Broker I had to go through a few checks – ID, addresses, financial details, things proper to legitimate entrepreneurships. Meanwhile, I took the time to get know my field of business. I was pleased with what I was learning. To maximize my chances of earning, I decided to open a few more accounts with a few different brokers. All set, documents accepted, eager to start to collect my profits, I got my first surprise... To be able to use my robot system, I had to make a deposit of certain amount with “the Broker”, what they called “fund”. I was not expecting this extra spending, but I was determined to thrive and nothing would stop me. I Immediately accessed my bank account – what was incredibly easy – and in matter of seconds, the money was with the “the Broker”. I was even surprise how they could make the process so simple and quick. In just one click I could have had all my £5,000 in the account. But I was cautious. As usual. I only put the amount required, what would be enough to cover the rent of my room for the entire month, but I was in the game now. Could not step back. I did not want to. Soon this money would be doubled or tripled and grow to unimaginable figures.

    When I could finally log into the platform, it took me a while to understand what was going on there. There was a line going up and down franticly and intermittently. Apparently, I had to choose a set of six capital letters divided in pair by a slash symbol, from a list of many others, to make the line tick up and down. I liked the ones with S, Y and Z. and picked up those pairs. According to the instruction that came with the “system”, the only thing I had to do was to press a button and let the robot to do its job. My finger was itching to give that command.

    In about 10 minutes, my account had dropped to less than half of the money I had just put there. I did panic. “The robot is losing my money!” I even thought that the man on the video was taking it. The robot was surely stealing my money. As I am not a naïve person, I did a bit of investigation in the matter and came to the conclusion that I had been victim of massive scam. Robots could not predict the direction of the ticking line.

    However, as I got to know a bit more that field of business, what was the meaning of those set of letters and what PUT, CALL, BUY and SELL was supposed to be, I decided that I was ready to do, myself, the work of the robot. I knew now, for example, that the pairs of letters were different country’s currencies - USD being Dollars, GBP the Pound Sterling and JPY was Japanese Yen. As for the ticking line, it was just a chart marking the up and downs in the price of these currencies over the time. Although struck by the frenetic and wild movement of the price-line, I conclude that the thing was overall very simple. So simple that I could not understand how the robot had failed so miserably. There were only two directions, up or down and the task was merely guessing where the line would be in 1-minute time. I could chose 10 minutes or even more, 1 hour, for instance, but I was impatient to profit. One minute was perfect. It was quicker, I could make more money in shorter time. Now, all that I had to do was choose if in one-minute the price would be above or below certain point. Very simple. I could certainly do it myself.

    My first move without the robot was to go down, but the price ended up raising. The next one and the following and all the others attempts ended in the same way. I seemed can never catch up the right direction of the prices. The result was that for each 10 pence earned I would lose no less than 10 pounds. Soon I started to suspect that “The Broker” was spying on my game. They could, certainly, see what I was doing and then push the ticker to the opposite side. In a couple of hours, I lost all the initial money I had put in the account and I had to fund it again to continue to play. I could have stopped, but at the point I was starting to take it as a personal matter. I could not believe that I could not grasp the simple binary movement of a ticking line. Once again, I accessed my bank from their super simplified system and funded my trading account. And again, I lost all this money in just a few hours.

    After a while, I concluded that I had made a terrible mistake. I could never make my money in that binary system and closed my account with that Broker. However, I soon found out that from the other brokers, there were other ways to play that game. Ways where I was not confined to choose a single point in the chart and wait for the broker to take my money. A way where I could decide when and where to stop. I was fated to discover that this would be the hardest part of the game, but, for a now, my hopes were renewed. I would make my fortune in that business, no doubt. At this point I finally knew the name of the game I was involved in, it was Forex, forex trading. My losses had taught me that if I wanted to win, I had to learn about that game, hence, I started to study the subject. I was going to become a proper trader, I was certain of that. I started by learning about the currency pairs which I chose to trade, in the case, USD/JPY – I still liked the Ss and Ys. In my first trade with the pair I decided to go up, because the prices were right on the top, seeming to be fated to move upwards forever. I had a massive loss. The pair went from 114 on the top, down to 107 at the bottom. To give a small glimpse of my terrible moves is enough to say that I opened multiples positions on the pair, all in the same direction, I used the Brokers money (what I was told later to be called over-leverage), I went into margin call trading without stop loss, and had many positions closed out. Finally, I was forced to give up, close my remaining positions, all in red, and accept the loss. Was I done with Forex Trading? Not quite yet…

    I had left my positions running without a stop loss for nearly 3 months, in the hope that the market would come back and move upwards to allow me to at least lessen my losses. In vain. Nevertheless, no sooner I closed all my trades in loss, than the pair USD/JPY started to move up. In the beginning of September 2017, the bulls – traders betting long (up) – took the control of the market I had been cast out of the game. This time, I started to think that my issue was with God. Where was the Divine Justice? How could any God watch me lose the only savings I had to survive and do nothing? I was furious, frustrated, devastated… but not finished. I was not done with the Forex game yet. Perhaps, I just needed to learn a bit more; if there was anyone on Earth that could master the game, I could do it too. I would learn from them. I went back to my education. I read loads of articles, watched hours and hours of videos, learned about price action, technical trading, fundamental analyses, forex from A to Z and everything in between. I learned about the miraculous Japanese candlesticks, the magic Waves of Heliot, the mysterious Fibonacci numbers and the mesmerizing beauty of the Harmonic patterns. I learned about indicators – numbers, patterns, points, arrows, bars, lines, charts, all sort of geometric and arithmetic treats and tricks designed to do what I thought was so ridiculously easy, guess the point where the price line would tick and what direction it will move. I learned that there are thousands of these indicators, perhaps millions of them, all created by some of those thousands and millions of people who I thought were comfortably making money from their homes. Here and there I also heard the words “trade planning” and “money management”, but I did not attain to these details. I did not have time for small things, I wanted to learn practical stuff, things that could help me to win the game. And by now I had no choice but win, since there was little left of my savings.

    By October, I made some profit on GBP/AUD in a very risky move, where I drew all the remaining money from my bank account and sold GPB on the very top – that is, I bet that the price would go down. As I predicted, the pair started to drop vertiginously, beautifully, and I managed to make some considerable money for the first time. The profit taken, however, was nowhere near able to make up for of what I had lost until then. But was enough to renew my hopes and to push me into new trades. My following move was to go short (down) on EUR/USD and buy (bet up) USD/JPY. The Dollar dropped in free fall.

    Around Christmas, I had no clue of how to survive my catastrophic failure and by New Year’s Eve I hit the bottom. I no longer had hopes to recover the money lost and had practically nothing left to live on. I was close to desperation. I called the handful of friends I managed to make in the city, some of which I had met only recently, and asked to borrow some money. In most cases, this was the end of the friendship.

    In February 2018 the dollar was still falling and I held practically no money after pay the deposit for a new and cheaper box room that could barebelly fit me inside from head to toe. By then, I had nobody else to blame or to call for help. I called the Broker, or whoever was behind the that telephone line, and told them all they need to hear. I cursed God and all his crew, from Angel, Archangels to saints and spirits and, of course, the Universe who, according to the law of attraction, was also working against me. I went in total despair. I bet my last penny in the Forex trade and lost it. From my initial £5,000 I was Left with just £20 in the bank. In order to pay a second month’s rent and to be able to buy food I had to make and emergency transfer of part of the money I still had in my home country. It was barely enough to survive another month, but... “what if the dollar went back to trail and raised?”, I thought, “If I win a good trade, just one, everything can change!”. So, I took the decision of using part of the money I had just brought from home country to open a new trade position… in the same direction! And I lost. No God or demon would turn the market in my favor and I was not able to turn my trades in the direction of the market, because I was too scared that something suddenly could change and I missed the move. In fact, I was trapped. Locked in a vicious cycle. I became the shadow of myself. I would spend whole days and nights in front of the mobile screen watching the charts and the prices ticking up and down, moving further and further away from any position I would open. Soon I was not able to get out of bed, except to eat. I was there, paralyzed, hypnotized, trying to push the prices in the opposite direction using the power of my mind. And my mind was getting weaker and weaker.

    It was a bitter winter that year and London was covered in a blanket of thick snow that I had not experienced before. The people in the house went on holiday and I was alone, isolated, abandoned by any help alive or dead, in heaven or hell, preying and cursing, in an utterly miserable condition. All my being had been disintegrated in the trading. I was sinking in a state of torpor. A complete paralysis of my entire will. Stripped of any faith or hope. I was reduced to watching my money vanishing penny by penny and unable to stop it. It was at the reach of my fingers to close the trading. Each minute keeping it would mean further losses and yet I could not do it. It became a sort of obsession, a forlorn hope that at any moment the market could turn back and move in my direction. I could not act, because I had lost too much, I had gone too far, I had to wait. It could not move in that direction forever, could it? Closing the positions and put an end to the game was beyond my powers, my will, my strengths. I had to hold on to the end. Even if the end, was the very end of my living resources. And so it happened. In the beginning of March 2018, The Broker closed out my remaining position because I had not money enough to maintain it. Without margin to open a new trading position, even the smallest one, I had to throw in the towel. Game over. My career as a Forex trader had lasted for less than a full year. From all my high hopes, I was left with the real possibility of having to live on the streets of a cold London, and one single question spinning in my head, is there anyone in the world who can win this game?”
     
    Last edited: Dec 25, 2021
    #709     Dec 25, 2021
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    Shortened Numerical Price Prediction (NPP) Explanation
    Copyright © 2021 Fred Duckworth

    NPP relies on a methodology similar to that used by meteorologist to predict the weather—one based as much as possible on statistical analysis and mathematical probability.

    The idea is to gather and evaluate precise, up-to-date, quantitative data and use it to calculate the odds of price reaching designated values within a given time period by patterning the system's elements after the equations, wave functions, and computer models used in weather forecasting.

    But, instead of monitoring wind velocity and direction, cloud formations, humidity, temperature, and barometric pressure; it evaluates the synergy between such factors as typical price ranges, reoccurring chart patterns, horizontal support and resistance levels, trend lines, and market structure, all in multiple time frames—with the result being a graphical depiction of current conditions that traders can then use to help make precise, well-timed trades.

    The system incorporates the idea of cycle theory, which holds that cyclical forces, both long and short, drive price movements, and can be used to anticipate turning points. It's also compatible with Edgar Peters' fractal market hypothesis, which views financial markets as fractal in the sense that they follow cyclical and replicable patterns—ones consisting of fragmented shapes that break down into parts which then replicate the shape of the whole.

    I used these cycles to generate what some call "baselines" by conducting a thorough analysis to first uncover the cyclical waves formed in the wake of price action, followed by the defining of their general frequencies and magnitudes; and then finally plotting centered moving averages that came as close as possible to approximating the zero amplitude of the corresponding waves/cycles.

    Even so, to trade with the clarity and precision I desired required me to carry out an additional step in which I assigned a specific temporal value to each individual baseline and its corresponding or associated price-range envelope—to answer the question: What moving average best conveys in which direction and by how much price moves every five minutes? Or every thirty minutes? Or every four hours? Or even every day?

    And yet, even after this "final" step, their emerged still another aspect to interpreting price action that proved deserving of my consideration which I had not envisioned at all—the concept of "temporal" support and resistance.

    In other words, not only do I believe there is a certain amount of distance beyond which exchange rates will typically resist separating themselves from the central tendencies of key price distributions. It seems to me I have also observed that there is generally a limit to the amount of time exchange rates will advance in one particular direction without deviation. I refer to these limitations as temporal support and resistance, and they have proven to be a welcome enhancement to my system.
     
    #710     Dec 25, 2021