HAL9000

Hello Wizard, I havn't missed it. OK, maybe I'm totally wrong. But what about the start of candles, what about chart providers and about their candle creation, what about ODT, (again: Why? Works best! Why?) what about Hal 9000? Please show me that I'm wrong, and people will believe in your system. Regards, Hal

Hi Mister Ed, I've posted above what I would wish, and rule 3 allows it, because of the until stated otherwise. Well, I'm sometimes cruel in writing, and actually I posted mine in parallel to yours, so I wasn't aware of your post. While I also think that soultrader has no intention to place stones in front of us, I would still like to see the writer owns her/his information. Now I have two ways to go, if I copycat things, you understand, I will use the shelter of TL, if I will post my own ideas, even if build on others ones ideas, but somehow new, I will have to post my copyright, and stay or fall with it. If this sounds paranoid, it is. I think the easiest and honest way still is, that everyone owns her/his ideas, and, as I said, if laws (wherever) were somehow violated (or are in question), the material will be deleted. Well, just another thought, if every idea comes from an idea of someone else, who ownes the idea? My answer would be: No one. But there are these damn laws. One more, just that you can understand me, I'm using some GNU software, this is nice for me, because its free, but, just in case I would try to build up a business, I have to make some very special deals. Anyway, I'm a trader, so probably this will never be the case. Regards, Hal. P.S.: BTW, BF, I'm searching for the link. It was a woman, but I need some more time, don't remember her name.

Whoever is willing to respond: 3. Proprietary Rights Unless otherwise indicated, copyright in all pages of this Web Site, including the design, layout, graphics and other design elements, and in the information and material contained in and on this Web Site, is owned by Traders Laboratory LLC. What does this mean?

Hi, I've voted for that the writer owns his ideas. But it shouldn't be deleted on this site for ANY reasons. We live in global world, we talk about trading. not ... You know ... But in some cases, if Soultrader should be confronted with a lawyer, if a writer should be confronted with a lawyer, the material posted, should be deleted. Its just a pragmatic view. Coming from a scientific world, a written idea, has is value. It may make the work of a becoming Ph.D. obsolete. Yada, yada, ... The contents should stay here, that is only fair, but the idea, and the right to the idea should belong to the writer. If the writer breaks laws, knowingly, or unknowingly, it has to be deleted. Thats my honest view, Hal

And for now my final question; does your system only work with the MT4 demo account from ...? Regards, HAL9000 P.S: Maybe really my final question: If you are the Wizard of Oz, well what do you know about HAL 9000?

Well, I will never start to trade Forex, its an unregulated market. Or should I say, an uncontrolled market, or ... Anyway, people are different, but don't forget: Why?

Hello Oz, my wonderful wizard of Oz. I come from a very depressed (and depressing) stock board, so excuse my way of writing. Your initial post seems to be very detailed, and I have a very simple question to you ... Especially to your statement quoted! So here is my simple question: Why? Regards, Hal

Excuse me if I invite myself, but in my opinion, you have to choices (as nearly always) if a program signal appears: Join it, or fade it. Well, the PREM stuff makes sense to me, even if I don't use it. BTW, for a long time I worked on algos, but currently I like using my brain, one of my fingers, for a click. But at some point I will reach my goal with algos. Well and I see algos from others, just don't ignore them. Hal P.S.: IMO we are already watching Terminator 5: "If you can't beat them, join them!"

Seems that we have written at the same time, somehow I don't think that the 50% rule was for futures, but will think about it. But, as I said, I will simulate on Monday and post the results of my broker. Even if they have nothing to do with your contest. Once more, have a nice Weekend, Hal

Anyway maybe I'm wrong, will simulate on Monday regarding margin requirements. Hal. OK, lets assume that the total value is 79 mio. $. Further assume that the max. overnight margin is 4 % of the total value, so it would be ca. 3.2 mio $. This would make more sense. The 122k $ are near to (a close of 1.94 $ per contract * multiplier (i.e. 62500)). And 122k $ * 650 are nearly 79 mio. $. So excuse my above statements :doh:. I've learned too on your question/call. And I hope that this makes more sense to you . Have a nice weekend, Hal

Hi Brownsfan, if I understand you right, you want to move a trade from a shorter time frame into a longer one and so on ... If I'm right, I think I remember a free webinar, in which was talked about this strategy (tactic). If you are interested, I will search for it. I hope that I still have the link somewhere. As you know, these free webinars nearly always have only one purpose, to sell something. But anyway the presentation of this idea was worth watching it. So let me know, Hal

You doubt? You are (were?) in a contest (like every trader), then ask (i.e. ask the right questions)! I see that you try to learn, to understand! (But you are in a contest, and maybe responses are unfair to others in it.) I recalculated and 122k $ as margin would be OK for me. If you tell me the leverage, I will tell you the multiplier, and what a multiplier is good for. Regards, Hal P.S.: Something about Margin (finance) - Wikipedia, the free encyclopedia

Just some more, it seems to me that you are new to business, but if not, maybe it will help someone else: BP = British Pound H8 = March 2008 A CME future contract. Maybe you start here, to get some more information: Contract Listings Let me know, if this has helped you, or if I can help you in an other way. Anyway good luck, and remember, the key is not that you win the match, just learn.

Hi illuminatai, well first I'm not in currencies, so beware, but I will tell you my understanding and others will surely correct me if I'm wrong on it. First of all, I think that CME is the exchange, so you don't traded via Forex, instead you have bought a future; namely BP with expiry H8. So your price paid, was 122k for 650 contracts. You paid 25 $ commission. Don't know if this is realistic, but anyway. Now the 79 mio. $ are the total value of contracts, but not what you have paid. I think that no futures trader thinks about this total value, because its not realistic, that the contract goes to zero, or that he waits so long until ... . But if the underlying would go to zero, thats the amount you have to pay to your broker. Hopefully this doesn't make it complicated, all what I like to say is: 122k $ are somehow your marging. 79 mio. $ is the total value of contracts. And now you should be able to calculate your leverage. Hope it helps. Hal P.S.: Leverage is is key to make or loose :doh: more money than others in a shorter period of time.

Well, I agree with you, that the true POC is related to price distribution. I further agree that #6 (see above) is wrong in my view. But what is price distribution in a MP. As far as I understand it, it is price in time, not price in trades . So the true POC, based on 30 min bars, it gives you no information about volume or number of trades. But anyway, correct me if I'm wrong, and as long as the context is clear, we shouldn't have a problem if somebody uses POC instead of PVP. But yes, PVP is the better choice if we talk in volume context.

Hi, from my point of view, the problem with the POC is, that you have to use it in the context of the profile you are looking at. This should mean, if you are looking at a volume profile the POC is a V(olume)POC. If you are looking at a time profile the POC is a T(ime)POC. So without a context, one can't say that a POC contains volume information. This is only true for a volume context. Just my thought on it.