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Koyaanisqatsi Hototo--wldman out of balance
Started:May 14th, 2012 (07:40 PM) by wldman Views / Replies:49,870 / 695
Last Reply:November 1st, 2016 (03:53 PM) Attachments:53

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Koyaanisqatsi Hototo--wldman out of balance

Old April 19th, 2014, 08:16 PM   #431 (permalink)
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Directional Governor


wldman View Post
I wonder what guys think of a "directional governor" in essence a way to only enter positions in the direction of the longer term trend or to "allow" trades on both sides, with a diminished R/R expectation for trades against the trend.

If we range 80% of the time and we trend 20% of the time, what does that mean?

So there is a distinction between trend reversal and range trading. How do we tell or can we tell the difference?

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@wldman,

I am relatively new to your thread . . . I mostly swing trade using Options (Buying Calls/Puts and Selling Call/Put Credit Spreads) as my tool of choice . . . I use a simple filter . . . 8 EMA and 21 EMA on a daily chart . . . When price is above the EMA's, I look to go long at a pull back to the 8 & 21 . . . . when price is below the 21 EMA, I look to go short at a pullback to the 8 & 21 . . . transition is when there are two daily closes above/below the 21 EMA in the opposite direction of the then current trend . . . then I look for possible change of trend . . I look to exit at points of resistance/support as defined by fib retracements/extensions and symmetrical moves and/or when price/volume shows Climax, Churn, Climax/Churn or Low Volume.

I also use the RSqueeze PBF (Trend Changing) plus the RSqueeze TTM (Trend Following/Resumption) on my charts . . . after reviewing your charts I have added the Adaptive CCI and find it quite useful . . . thank you . . . btw what settings do you use on the Adaptive CCI ?

I have a question . . . when you say "green, green, green" and "red, red, red" what are you referring to ? Is it . . .

Three green/red dots ? . . . a green/red Dot, Histogram and Candle ? . . . or a green/red Dot, Histogram and CCI ? . . . or ?

Thanks for your thread . . .

rickr

You get out of trading what you want. With daily intention, you can carve a trading career, more importantly a life, directed and produced by you . . . Bella
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Old April 20th, 2014, 02:47 AM   #432 (permalink)
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wldman View Post

Yeah, I do not know what the allegations are or if they are true but I don't really care. If the content was fiction that does not kill the impact for me...it has to do with interpretation and application.

Really? You're all over the thread about a few posters on a trading forum exaggerating their trading ability, but you don't care if an author fabricates supporting evidence, or if the whole idea is fiction?

Not meant as a criticism, just seems contradictory to me - and faking evidence in a book seems to me a more serious offense.


Last edited by futuretrader; April 20th, 2014 at 02:52 AM.
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Old April 20th, 2014, 03:11 PM   #433 (permalink)
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Hey man...


@rickr

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green, green, green or the opposite was probably referring to a series or confluence that included the histo the zero line the acci and the HA price bar. If I remember that was in a discussion about testing or creating a strategy that would go long/short. While the visual is there, I do NOT trade that way as a rule. I am not "always in" and believe that flat is sometimes a good position. If you are going to consider that imo, you should have a trade side eligability governor...usually one time frame up.

If you want me to be specific or if you want to discuss that I'd be happy to, just link the post number.

Dan

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Old April 20th, 2014, 03:18 PM   #434 (permalink)
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Yes...


futuretrader View Post
Really? You're all over the thread about a few posters on a trading forum exaggerating their trading ability, but you don't care if an author fabricates supporting evidence, or if the whole idea is fiction?

Not meant as a criticism, just seems contradictory to me - and faking evidence in a book seems to me a more serious offense.

and I'm not trying to offend or pick a fight on that.

The vid with the talking animals...I'm pretty sure that dialogue did not occur, but I know there is a morale in the story.

When the point was made about the specific book, I think that should have been done in private. When I checked the claim I could not find specific claims, charges or evidence...so in the context of what I think I know on the subject the allegations do not bother me to the extent of the context in which I think the book should be considered.

One example, if a guy who is a complete fool and total charlatan is creating a following for himself for whatever reason using Harry's ana series indicators, claiming over the top win % and huge ratios showing fantastic trades every day...BUT is undocumented and refuses to even comply a little...that does not mean ana indies suck or that guys are not or can't make real money using the same or similar princilpes as the phoney.

Happy to explain deeper if you like. I understand how that would seem like a contradiction or be one for some.

Can we find the specific allegations and to what part of the book they refer?

Dan


Last edited by wldman; April 20th, 2014 at 03:28 PM.
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Old April 20th, 2014, 03:44 PM   #435 (permalink)
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how we decide chapter 2 dopamine

Futures Edge on FIO

Are you a NinjaTrader user?

 
he explains how is the learning process in the brain process of trial and error, and the emotions re-inforces by feedback trough the dopamine , filling and increasing the data base of our mind with knowledge/emotions.
we use that info automatically when we feel intuitions.
the professionals trough intensive and appropiate trainning process, got filled their memory with rights materials to get right intuitions and solve complex problems sucesfully
military, champions of chess players, poker players, etc , make the decisions based on their intuition-answer, detected for their experiencies, and a lot of feedback received trough the process.
he explain that the key for the feedback is the emotion we feel
if we do not feel the pain of a loss, we do not receive the feedback, and we do not learn from that loss

also the process is related for the expectation we have from a given outcome, when i expect that a stock go up if happens x, and it will not go up, that bad outcome gives me a feedback , usefull for the next time.
and then so ,and so ,after a long time practicing ,it looks like i will learn from that.

i can see severals interesting things:
to feel emotions, and learn from those is better than to tray to avoid them.

A complicated thing for trainning to become a trader is ,with so many possibilities, when i change the variables, i start receiving random emotional feedback and learning nothing for the future, or worse learning to become crazy and stress

more clear why to stay trading only one instrument

he says that profesionals see at a glance ,when something is going good or bad, with the emotional feedback, then i think that work with something easy to see will be much better (1 screen against 6 screens, for example)

he says that it is a key to make a lot of mistakes , to start the feedback process and learn from them

he says that is a key the way how we try to learn, to add each time that we make a mistake

i think : in trading, with random outcomes, the feedback process it will be very difficult to work well like in others normal activities without random outcomes?

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
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Old April 21st, 2014, 12:59 AM   #436 (permalink)
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RSqueeze

@wldman, would you mind posting the version of the Rsqueeze that you are using and the settings? Thanks.

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Old April 21st, 2014, 08:33 AM   #437 (permalink)
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Sure...

@Sk8ter

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Thanks for asking, as now I have to go check and make sure it is the one I want. I do think that this item has changed enough that it should perhaps be called something different. Thereb is a V3 as well, checking.

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Old April 21st, 2014, 08:47 AM   #438 (permalink)
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Hey Guys...

I want to note that I do not intend to post everyday or post trades everyday. I will however, respond to questions or suggestions in a process that is looking to improve my own approach or application. Often responding makes me aware of what I am neglecting or missing and there is great value in that.

So as far as directional bias or trade side eligability goes:

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That is a very slight sell bias. I'll hang with that because of the situation in Ukraine but, because the picture is not super clear to me and because some of Europe is on holiday today I'm going to limit opening positions to 3 contracts on both sides of the market. Typical risk will also be pretty tight, maybe 6-8 ticks.

DB

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Old April 21st, 2014, 08:49 AM   #439 (permalink)
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Event wise this is...

a nothing day:

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Old April 21st, 2014, 09:03 AM   #440 (permalink)
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Okay...


Under normal volume I'd probably sell this small @ .3810. BUT the little volume there is right now is actually slight buy volume imo...so I'm not taking risk unless I believe there ia a clear path to profitability. For me this would be a coin flip.

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