Having an edge.

[the blades]

chump has, from another angle, given you what constitutes a real edge - the need for an intent to develop or discover an edge for oneself is a prerequisite for having any edge.

I'll add my own oft-quoted mantra that the need to recognise they don't last forever is equally vital, so you never stop looking.

Take options expiry. Had a PM exchange with another t2w member recently on the phenomenom of 'expiry Fridays' and how they had an impact on the markets a little way beyond that day. It is an edge. Am I the only one with it? Absolutely and emphatically not. But do enough people NOT have that edge to enable me to utilise it as one. Of course! An edge doesn't have to be unique to make it financially viable.

Tony / anyone,

what about momentum trading / investing? It's well publicised information that stocks that have high relative strength outperform those with lower relative strength. This is widely known yet remains a profitable if bumpy ride (up to now ).

I think an edge may be an ability to stick with "system" that will have flat periods and drawdowns, when you're surrounded by people peddling methods with "instant success". I also think that being a smallplayer helps you cash in on volatility to buy into and exit trends. These are edges and not dependant on secrecy - just discipline, aren't they?

UTB

 

[*JDR*]

When you achieve this, you will be able to remember every price backwards and forwards as they develop, by a mental process of locking, holding and releasing, like an electronic calculator.

You will no longer need to refer to charts or to have indicators or moving averages or other kindergarten nonsenses. You will become eventually a Master of Numbers, and the prices will talk to you, and eventually after several years of this, you will know which numbers will follow next, because the price development will "talk to you".

As you are not prepared to do this....you have to remain at the level that you are.

Interesting Theory.....

It therefore is patently obvious that you are the numbutts and not me, I am another kind of num but not like you.

Not sure you needed to add this though. If you wish to rise above your detractors level then this sort of baiting is not necessary.

 

[TWI]

You will become eventually a Master of Numbers, and the prices will talk to you, and eventually after several years of this, you will know which numbers will follow next, because the price development will "talk to you".

I would rephrase this. "Know" is too strong a word for a probability. I would say that after years of staring at numbers you can distinguish the high from the low probability trades.
I do not believe anybody can accurately predict the future and I do not believe anybody can know say when a trade is placed that it will be a 100% winner.

 

[SOCRATES]

Interesting Theory.....

Not sure you needed to add this though. If you wish to rise above your detractors level then this sort of baiting is not necessary.

It is not a theory, it is a practical reality, in the same way that if you close your eyes and you think of your name or your address in print in bold block letters, you can "hear" what it sounds like inside your head....but without sound.

This is because you know the alphabet and because you know how words are spelt and how each letter interacts with each other to make the sound you percieve.

So numerically speaking, it is the same, and a matter of advanced numerical development.

 

[SOCRATES]

Is this how you developed your "all seeing eye"/permanent edge?

Thanks.

No. This is just one tool out of my toolbox, that I forced myself to develop, rather like a mechanic will take a spanner and cut it in half to access a difficult spot in an akward angle in a machine, and failing that, he will actually make a tool for the job.

It is only a tool, and one of a series of bespoke tools, nothing more and nothing less.

 

[JTrader]

No. This is just one tool out of my toolbox, that I forced myself to develop, rather like a mechanic will take a spanner and cut it in half to access a difficult spot in an akward angle in a machine, and failing that, he will actually make a tool for the job.

It is only a tool, and one of a series of bespoke tools, nothing more and nothing less.

Being such an eloquent one, with the ability to pluck similies and metaphors out of thin air, when R U going to write a book, and how will we know it is yours?
Or perhaps you've written 1 already?

 

[counter_violent]

The problem is ...old Socco has no idea what i'm doing...this is a great source of irritation...and because he can't find out....he resorts to making it up as he goes along

Indicators he says.......nope sorry not an indicator in sight

Not doing the work.....nope sorry I live and breath trading

Not taking his advice......damm right I don't.....I happen to be able to think things out for myself

No toys going out of any prams here... ...as it happens... I couldn't give a flying fcuk what he says about anything........ and that's another source of irritation...such is life

 

[SOCRATES]

I would rephrase this. "Know" is too strong a word for a probability. I would say that after years of staring at numbers you can distinguish the high from the low probability trades.
I do not believe anybody can accurately predict the future and I do not believe anybody can know say when a trade is placed that it will be a 100% winner.

No. Numbers have an indescribable quality of beauty, both on their own and in groups.

Numbers are like notes on a scale.

If you are able to read music, you can hear the tune you are reading inside your head at the same time you are hearing it outside your head.

When you become a proficient musician, you read "ahead" of what is printed on the score.

You must be able to do this to be able to execute the note you are reading ahead otherwise you falter and stumble and are not able to keep the beat etc.,

Numbers speak.

Numbers in sequence are like a tune.

They suggest, they imply, they demonstrate, they prompt, they actually show you what is going to develop next, in the same way that a tune suggests what the next phrase is going to be.

But to be able to read music, play it and interpret it you have to be able to play the instrument itself as well and it does not help if additionally to not practising you are unfortunate enough to he tone deaf.

Numbers are not unlike.

 

[counter_violent]

Come on Mods ...do your worst...i'm waiting....forget any warnings...lets just have the temp ban ...then we can move on

cheers cv

 

[SOCRATES]

The problem is ...old Socco has no idea what i'm doing...this is a great source of irritation...and because he can't find out....he resorts to making it up as he goes along

Indicators he says.......nope sorry not an indicator in sight

Not doing the work.....nope sorry I live and breath trading

Not taking his advice......damm right I don't.....I happen to be able to think things out for myself

No toys going out of any prams here... ...as it happens... I couldn't give a flying fcuk what he says about anything........ and that's another source of irritation...such is life

So why do you keep posting on this thread in the way you do ?

Or do you think I have all day to pursue pointless circular silly arguments with you ?

Because whatever you are told does not land. Nope.

 

[rols]

No. Numbers have an indescribable quality of beauty, both on their own and in groups.

Numbers are like notes on a scale.

If you are able to read music, you can hear the tune you are reading inside your head at the same time you are hearing it outside your head.

When you become a proficient musician, you read "ahead" of what is printed on the score.

You must be able to do this to be able to execute the note you are reading ahead otherwise you falter and stumble and are not able to keep the beat etc.,

Numbers speak.

Numbers in sequence are like a tune.

They suggest, they imply, they demonstrate, they prompt, they actually show you what is going to develop next, in the same way that a tune suggests what the next phrase is going to be.

But to be able to read music, play it and interpret it you have to be able to play the instrument itself as well and it does not help if additionally to not practising you are unfortunate enough to he tone deaf.

Numbers are not unlike.

This is all quite correct. The relationship between music and numbers is a fascinating subject, one I have investigated at length. Recently I discovered that Sir Isaac Newton spent much of his life looking at the relationship between colour and music.

http://home.vicnet.net.au/~colmusic/welcome.htm

Notice where the colours green and red come on the musical scale.

 

[SOCRATES]

This is all quite correct. The relationship between music and numbers is a fascinating subject, one I have investigated at length. Recently I discovered that Sir Isaac Newton spent much of his life looking at the relationship between colour and music.

http://home.vicnet.net.au/~colmusic/welcome.htm

Notice where the colours green and red come on the musical scale.

Rols, no higher please. You can see already at this level what happens.

 

[TheBramble]

Notice where the colours green and red come on the musical scale.

Rols, thanks, but this is about 'Having an Edge' not going over one...Please, you know this isn't healthy for anyone. Having a chromatic keyboard (tie me down) is not going to help anyone work out a trading edge.

I knew he'd hook you with that one. He knew it too.

(so remember, Sell on a G flat and an A flat, Buy on a B and a C - thanks...)

edit: Thinking of edges and suchlike, you really need only get hold of those posts by ASC. They were REAL edge developers, not this silliness (mine included)

 

[firewalker99]

Just popping back in here... good (?) too see that not much has changed during my absence ...

First thing that springs to mind observing this thread: looks like one needs to have a lot of shiny green dots to make up for an "interesting" conversation

anyway, sorry to interrupt, carry on

 

[rols]

Rols, thanks, but this is about 'Having an Edge' not going over one...Please, you know this isn't healthy for anyone. Having a chromatic keyboard (tie me down) is not going to help anyone work out a trading edge.

I knew he'd hook you with that one. He knew it too.

(so remember, Sell on a G flat and an A flat, Buy on a B and a C - thanks...)

edit: Thinking of edges and suchlike, you really need only get hold of those posts by ASC. They were REAL edge developers, not this silliness (mine included)

No, you fool.

Buy on F# sell on C#. (A perfect 5th)

 

[dbphoenix]

So there you are, JT. All you have to do is head toward the nearest pawnshop and pick up an accordion . . .

 

[rols]

So there you are, JT. All you have to do is head toward the nearest pawnshop and pick up an accordion . . .

...or join the others here

http://theflatearthsociety.org/forum//

 

[chump]

You've started me off now... I can't stop humming...and Julie Andrews ..corrrr

Doe, a deer, a female deer
Ray, a drop of golden sun
Me, a name I call myself
Far, a long long way to run
Sew, a needle pulling thread
La, a note to follow sew
Tea, I drink with jam and bread
That will bring us back to do...oh oh oh

Doe, a deer, a female deer
Ray, a drop of golden sun
Me, a name I call myself
Far, a long long way to run
Sew, a needle pulling thread
La, a note to follow sew
Tea, I drink with jam and bread
That will bring us back to Do

Doe, a deer, a female deer
Ray, a drop of golden sun
Me, a name I call myself
Far, a long long way to run
Sew, a needle pulling thread
La, a note to follow sew
Tea, I drink with jam and bread
That will bring us back to do

Do re mi fa so la ti do, so do

There's a germ of an idea brewing here in the shape of a competition to see who can come up with a musical indicator that can actually vocalise the bars ...needless to say I want an alert on "Far ,along long way to run".

 

[dbphoenix]

There's a germ of an idea brewing here in the shape of a competition to see who can come up with a musical indicator that can actually vocalise the bars ...needless to say I want an alert on "Far ,along long way to run".

Watch out for "Doh!" (a la Homer Simpson).

 

[jkplay]

People need to earn the right to extract money from the market, it isn't a charity. Would you happily publish freely the source code of a piece of software you've spent years developing?

You are right, it's not a charity...

It's nothing but a giant roulette wheel. Newbies come in spin the wheel with about 100 diffent numbers. As you gain more market knowledge, fundamental and technical analysis skills, you bring the amount of numbers on the wheel lower and lower.

Then when there is a crisis you realize, after a few years of steadily rising markets, that the numbers on your roulette wheel have quadrupled.... Sound familiar?????

You don't need to earn the right to profit from the casino do you? You may have to try a few times - winning and loosing - but its effectively an up or down guess.

JK