.. so this leaves one having to trade it manually, which in it's self will physically wear one out.
I disagree. The rules stated position you exactly the same each time – if you follow it to the letter. Not that I’m suggesting anyone does (not my call), but if they choose to, it’s the same setup each and every time. Don’t forget, MA-X is one of the few time-tested methods that have proven to provide profits over the long term. And this is an MA-X system. It’s a 60 SMA with 1 SMA (the price). Your probability of any system is a function of your historic results.This Strat. will never work because it is constantly positoning you in a trade that will never be duplicated exactly the same. < Which is needed in order to gauge probability.
Either I’m missing something or you are. All the ‘global variables’ are already in the price. I have no idea what you mean by ‘exact trade at the same exact price’.Even if one was able to quantify all accociated Global variables, one would need to be able to take the exact trade at the same exact price.
’Discrepancy in price reality’ – whoa! Prices move because there is a difference in opinion between traders on current ‘value’ and therefore, future prospects. The reality is created by these opinions. There’s nothing more real than the current Bid & Offer.This isn't even taking into account that MA price is meaningless, The whole reason price moves is because there is a discrepancy in price and reality.
It’s not a paradox. It’s a dichotomy. Price/Value. Price is Real; Value is Imaginary. E.G. Selling Cable at 2.0375 is real. You’ve bought at that level. Your valuation of it being worth much less later is imaginary – you’ll find out just how imaginary it is if it isn’t worth less later.That's the Paradox, price does not represent Actual Value.
I’m not sure you’re right there. In that most longer term systems effectively embrace, in essence, precisely that approach.Your watching MAs that don't represent price, if it did one could just 'do what it is doing' and make money.
IE, go long if it's moving up, short if it's going down.
I guess you could make it harder if you wanted, but why would you try? This is just one strat from one person.Trading currency is about 100x harder than this Strat. represents.
I don't see the pips.
I can give you 10 reasons this Strat. will never make money.
DT
Good"you have four out of 7 whatevers....you want a fifth cheaper than ask...you signpost the 4 for sale and knock the ask down ..buy the ask and take the signpost off the 4 you already hold... I did this with properties once...but it applies to virtually anything..
Trading currency is about 100x harder than this Strat. represents.
DT
This ties in nicely with the current 'Flipping' thread. Chump, were you once the Paul Rotter of the property world?"Can't think of any other way to make money trading"....you have four out of 7 whatevers....you want a fifth cheaper than ask...you signpost the 4 for sale and knock the ask down ..buy the ask and take the signpost off the 4 you already hold... I did this with properties once...but it applies to virtually anything..think about FX and see if you can see where it is being applied collectively ....buying and selling is all about people and their behaviour...winning strategies are based upon that ,even when the people applying them don't actually understand the behaviour underneath.
I disagree. The rules stated position you exactly the same each time – if you follow it to the letter. Not that I’m suggesting anyone does (not my call), but if they choose to, it’s the same setup each and every time. Don’t forget, MA-X is one of the few time-tested methods that have proven to provide profits over the long term. And this is an MA-X system. It’s a 60 SMA with 1 SMA (the price). Your probability of any system is a function of your historic results.
Either I’m missing something or you are. All the ‘global variables’ are already in the price. I have no idea what you mean by ‘exact trade at the same exact price’.
’Discrepancy in price reality’ – whoa! Prices move because there is a difference in opinion between traders on current ‘value’ and therefore, future prospects. The reality is created by these opinions. There’s nothing more real than the current Bid & Offer.
It’s not a paradox. It’s a dichotomy. Price/Value. Price is Real; Value is Imaginary. E.G. Selling Cable at 2.0375 is real. You’ve bought at that level. Your valuation of it being worth much less later is imaginary – you’ll find out just how imaginary it is if it isn’t worth less later.
I’m not sure you’re right there. In that most longer term systems effectively embrace, in essence, precisely that approach.
I guess you could make it harder if you wanted, but why would you try? This is just one strat from one person.
Hello Depth,
I use this "system" or guide as I prefere to call it, in addition to my own market knowledge. I'm fairly handy with MM - bet size, RvR etc etc. I've been trading the Fx market for a little while now and even longer on the ISEQ (Irish stock market)
So what I trying to say in a PC way is "I have a good idea of what I'm doing"
Dont take this the wrong way, you comments are welcomed & its hard to offend me.
Can you give me 10 reasons why "I" will never make money using the above strat with the extra bits I've added on in the end?
Your comment is your opinion, I dont personally share it.
For someone to make a broad comment like that without seeing what I do and how I do it - just does'nt cut the mustard with me.
Your reply will probably be " I was talking about the system, not you"
I have always said from day 1 - make the system your own ie stops, targets, pairs, mm etc and use it in addition to your own market knowledge.
For someone to take a "system" like this and try to automate it would be daft IMO
Why give away that big advantage or edge I have ie my mind/brain.
As always these are just my opinions, thanks to Depth for posting, now I'm really fired up for NFP!
Kind Regards,
Very true.If you think price represents actual value, you have no idea what your doing and will never profit in the currency markets.
Either I’m missing something or you are. All the ‘global variables’ are already in the price. I have no idea what you mean by ‘exact trade at the same exact price’.
’Discrepancy in price reality’ – whoa! Prices move because there is a difference in opinion between traders on current ‘value’ and therefore, future prospects. The reality is created by these opinions. There’s nothing more real than the current Bid & Offer.
It’s not a paradox. It’s a dichotomy. Price/Value. Price is Real; Value is Imaginary.
Captain, I don't have any ill-feelings towards you. You just don't know what your doing and have over-estimated yourself, that's all. No hard feeling
Must be a day for non-comprehension. I'm throwing your stuff back at you and even you don't understand it.I guess your missing something. Global variables are not priced in, because they trade separatley. There are traders taking on huge positions in all markets and there not calculating the accociations with each other, hence the discreptancies.
I still don’t understand you. This is a problem – for you. Also more on this at the end.as for "exact same price at exact same time", at the very least one needs this to judge there probability. The last thing you want is to be jumping on 'new cycles'.
Then it’s pretty imaginary then…:idea:"Value is Imaginary"
You couldn't be more wrong.
price is nothing, paper is nothing.
Only if we’re talking ComDollars or AgroDollars and then it’s just another angle on the fundamentals e.g. oil prices impacting CAD and its inverse correlation with USD in that context.Commodities, hard assetts.
It all comes down to the value of these idems and there accociation with the currency at hand.