Real Forex Trades

I think my question may have gotten lost between childish attacks...

 

ok, cool. i wish you the best and look forward to your insights.

best wishes,

surfer.

PS. are you US based ?

 

yes, doesn't change da fact that it is your perception and your interpretation; people don't jump into other poster's threads for no reason and u responded to attacks with delusions of grandeur. whatever the truth about u and your past'n'present it doesn't impress any1.

enjoy your journal

 

Good questions!

It does not measure “third-market” (that’s what I call any market that can impact currency prices and specifically the currency pair that I trade) events “directly”. However, it does measure third-market impact on FX pair movement “indirectly. If you take a look at what moves the FX markets, you will find that they have global residence, unlike most of the stocks in the North American Stock Exchanges. The major culprit, of course, being global rates. Traders of the fundamental bent are for the most part, rate hunters – and for good reason – rates move FX markets especially the big six.

If you look at all of the conversation by the experts in the currency markets, almost every single day, you hear people talking about what will happen to rates “next”. So, when you look these other markets, you have to balance their activity against global rate movement before you can make any concrete judgments about whether or not a tertiary market’s movement will be sufficient to ignite a reasonable vector within the pair that you trade.

Now, when you look at FX data, what you find is that it already “contains” these tertiary market vectors by definition. If any of these markets are capable of moving the FX market – or – if there is evidence for this kind of cross-market impact, then that will show up in the underlying data of the FX market. If those vectors are there, then when you are conducting TA analysis on FX data, you can’t help be measure as a simple matter of fact. The delta between the EURUSD High of March 21st, 2000 at 1:00pm Eastern and the Low of March 22nd, 2000 at 1:00pm Eastern, if it was impacted by tertiary market activity, then it will be a component that gets measured in your analysis and back testing.

So, in this system, the use of the Price Point Delta along the OHLC spectrum (the distance between price points such as Open to Low, or the Close of Today to the Close of Yesterday and a myriad of other OHLC combinations) is used heavily. Those deltas contain the “energy” from any previous tertiary market event that was sufficient to “move” the pair. So, the system “indirectly” tracks this by “directly” measuring what is already inherent in the FX data.

Lastly, I don’t pyramid my losses buy adding to a losing position at price points out-the-money. I trade according to a specific Revenue Model which sets forth the lot sizing per trade and nothing get added to or taken away from that lot sizing, or it will push outside of the Revenue Models limits. The model is tied directly to the performance of the system to a specified target. So, the model dictates what the Stop Loss should be and what the Limit should be for each trade. The RM drives all MM for me.

The system is a real-time application that makes auto-adjustments (in real-time) to the Limit Exit Order and the Stop Order – if a stop is being used. I can make manual adjustments to the system to allow for more aggressive Limit and Stop locations, or I can restrict them with manual adjustments when the pairs Magnitude drops-off from its normal size.

On the First Day Trade in the profile, there is a separate and distinct component within the system that is making that call each day at the start of my session which is 7pm Eastern. It is a separate Module within the system whose sole responsibility it so map-out the first move for the session. Whenever that move is opposing the primary move for the session (the Second Day Trade profile), the system will display the First Day Trade first and make that “Active”, followed by the Second Day Trade which will show as “Pending” until triggered.

If I have a configuration for example where the Position Trade is Long and the First Day Trade is Long AND the market begins to move against my position slightly to the Short side (like right now), I relax – because I know that my Position Trade is ultimately going to win the battle. So, there are conditions under which the First Day Trade can even be called to screen and other conditions where it gets suppressed. That is why there is no Stop on the First Day Trade, as it is inline with the system’s Position Trade profile which extends down-range from between 1 Month up to 7 Month’s out. So, I always know what the system’s super extended long range probability resides.

So, push come to shove, my First Day Trade comes with a very high probability for at least a break-even outcome even if I have to hold it for longer than the profile time-line. This scenario does happen from time to time, but I'd rather conserve capital as much as possible, rather than drop it on the floor needlessly.

This is one example of the inner-system strategies being played out each day. All of it is coded into the system, however. All I have to do is enter the trades.

Hope this helps! Great questions! Another breath of fresh air around here.

 

Yes - for now.

 

Bit, the last thing on earth I want to try to do is impress somebody like you.

If I do that, then I've done nothing at all. Because a naysayer like yourself is so full of himself that he can't see the huge beam in his own eye long enough to recognize what's impressive and what's not.

You should have never posted in this journal to begin with. It is not about my perception – it’s about your inability to grow the heck up. If my success as a trader makes you delusional and spiteful and hateful and envious and jealous and arrogant - then so be it.

It is a reflection upon you and not anyone else on this, or any other board. What you consider a grand delusion, I consider a grand dream come true. Only those who “can” dream and are willing to get off their butt and work extremely hard to make their dreams come true, will one day realize them. You may not like it – but that’s the way the world works. You might be envious of it, but it won’t change it, alter it, or make it go away. You might be jealous of it, but that’s a tonality check on your attitude and not anyone else.

You do have a lot of nerve, I’ll give you that. You now blame me, for your initiation of personal innuendo that you now say is merely a matter of “perception”.

“If the lens of perception were clear, all things would appear as they are. Equal.”

Do you know who spoke those words? If not, look him up. You might learn something about life and about trading.

Have a good life and a successful trading career!

 

u can twist it which way u want; if u don't want to impress anyone then keep things for uself. furthermore there's nothin' out of the ordinary in your journal if somethin' is just like 100s of others before u that disappeared quietly into the oblivion.
success as a trader? what success? have I got to take your own word for it? u so full of uself and have some courage to blame it on me when I am not the 1 with either the desire or the need to share aspects of my life that I consider very private, this is a biz not a game, get real.

 

the qoute is not quite right.....

"if the lens of perception were clear, all things would appear as they are.... infinite" aldous huxley--the doors of perception---- or william blake depending.....

cool qoute anyway!

surfer

 

Good morning RFT, it's morning here. I read and thought about your system last night, both here and on T2W board. It's is very interesting, to say the least. Right now, I'm trying to understand it better. So I have a bunch more questions for you. Hope you have time to answer them.

You talked about the "dynamic structures" or DNA strands as the basic working units in your system. Is that contained entirely in each trading period? Eg. within a day for day trades, etc. I guess it may not be since you said a day trade can take up to 48 hours to reach its target.

On which time frame is it easiest to recognize such "dynamic structures"? Monthly, weekly, or daily?

Does your system use higher time frames to position itself before making a decision on the default time frame? For example, looking at weekly data first before making a day trade decision.

You said the system generates both long and short signals every day. How does it know which direction will occur first by only looking at the daily data?

You mentioned the indicators have time-varying success probability. Does that mean you use a rolling window to calculate that? Is the window size 280 bars?

What is the significance of 280 bars for backtesting? Is that the maximum number of monthly bars you have?

 

For someone who initiated the negative innuendo in full plain view of everyone here, to now be blaming someone else for “twisting” things because he points out the fact that you initiated the negative innuendo, is tantamount to apparent psychotic behavior. Give yourself a break and just let it go, guy.

Following this to its logical conclusion and you end up with no forums, no trading discussion, no trade journals and people like you sitting at home in their rocking chair spewing insanities at cars passing by in your inability to find something useful to do with yourself. What on earth do you think “online forums” for trading are all about! My goodness! Keep things to yourself? That cuts against the grain of why these forums exist! Do you ever think about the premise of your comments before you spew them? You make no sense at all.

This is a Trade Journal, pal. Hello? Wake up. You post trades – in a “trade journal”, remember? That’s why they call them, “trade journals”. You offer a tremendous amount of comic relief around here. (keep things to yourself…..) Now, that was the funniest thing you said thus far! Thank you. Hilarious, even!

My goodness! I can hear the harps playing in the background with accompanying violins! Do you have any idea just how comical you read? It’s a freaking “journal”! Hello! Is there anyone home there – at all? It is not supposed to be an academy award winning film location, guy. Just a darn “journal”. Geepers, you are weird. This journal will fade into oblivion because I never came here to stay, remember. Not, because YOU predicted it in advance. I’ve told you now three (3) times that I was not here to stay, remember.

You don’t have to the next train to “A” Street, if you don’t want to. No one in here ever asked you for your approval, agreement or acceptance. No one asked you to come in here to verify, qualify, or otherwise validate anything. You decided to take on that “Mother Hen” role your self. It is a “journal”, how many times must you be told that? None of your negative innuendo and simple minded assumptions were ever required or requested, here. If you did not like what was being discussed here, then you should have sat your butt on the sidelines and watched while keeping your mouth closed, or going to find another thread where you like or agree with the dialog. Simple. No one here is successful because you ordained their success, or because you give any credibility to their success, or because you agree with them. You are not the arbiter of success rituals. Hello!

What in the world are you talking about! You are starting to ramble about things related to your “private life” – hey, guy – please. Get out of this thread and stop shooting yourself in the foot. Your private life, while I’m sure quite interesting, is not at issue here. This makes no sense. It is so far removed from the purpose of this thread, that I hardly know how to respond. If you think that this is “business” then why do you play the innuendo “game”?

You need to get clear on what you are doing and why you are doing it. You are not here to be my personal Cop – I don’t need one. And, you are not the Mother Hen. So, just go find something to do with yourself and leave the journal thing to people who actual post trades.

BTW – Where is your journal? You are very welcome to start your own journal and post your own trades. I’m always amazed that the primary attack artists on trading board NEVER seem to have a journal of their own to fall back on. There needs to be a forum rule that stipulates that is you have a personal attack to make, you must also have a Trade Journal intact.