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mea
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Everything posted by mea
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When the solution is simple, God is answering. Albert Einstein
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To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks real advance in science. Albert Einstein
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The true sign of intelligence is not knowledge but imagination. Albert Einstein
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The only source of knowledge is experience. Albert Einstein
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The only real valuable thing is intuition. Albert Einstein Note, in trading, intuition is past experience of the same occurrence. DO NOT fight it, just manage the position with the least amount of monetary risk possible. Which is the first question to be answered when developing a trading system.
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The most beautiful thing we can experience is the mysterious. It is the source of all true art and science. Albert Einstein
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The grand aim of all science is to cover the greatest number of empirical facts by logical deduction from the smallest number of hypotheses or axioms. Albert Einstein
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Pure mathematics is, in its way, the poetry of logical ideas. Albert Einstein Person note, This is what Goldman Sachs utilizes.
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Only one who devotes himself to a cause with his whole strength and soul can be a true master. For this reason mastery demands all of a person. Albert Einstein Personal note, even if someone devotes all of themselves to trading, it does not guarantee mastery of trading, unless that person knows the "rules" of trading first. Then, gets answers to the correct questions that needs to be answered thereafter.
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No problem can be solved from the same level of consciousness that created it. Albert Einstein Note, translation for trading. Take said problem to the "next level". Think outside the box. If what is written in trading books and seminars worked we would all be rich. Think, what type of system is Goldman Sachs utilizing to be profitable 89 out of 90 trading days.
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Make everything as simple as possible, but not any simpler. Albert Einstein Note, translation for trading means, don't add what not required nor remove what's necessary. Do you think Albert Einstein would use indicators such as MACD, VWAP, RSI, histogram or even volume..
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Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning. Albert Einstein Personal note, as it pertains to trading, leave out the word "hope". A trader should know.
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It's not that I'm so smart, it's just that I stay with problems longer Albert Einstein
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It should be possible to explain the laws of physics to a barmaid. Albert Einstein Note, substitute the word Laws for "rules" and the word physics for "trading". Personal note, to me, the ironic nature of people trying to build a profitable trading system is the fact, they don't even know the "rules" of the trading game to start with. So, how can they expect to be profitable?
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Information is not knowledge. Albert Einstein Note, information is what people find in forums. Knowledge comes from experience (screen time) and asking the correct questions needed to be answered.
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If the facts don't fit the theory, change the facts. Albert Einstein
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I have no special talent. I am only passionately curious. Albert Einstein
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Any man who reads too much and uses his own brain too little falls into lazy habits of thinking. Albert Einstein
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Any intelligent fool can make things bigger and more complex... It takes a touch of genius - and a lot of courage to move in the opposite direction. Albert Einstein
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A man should look for what is, and not for what he thinks should be. Albert Einstein Note, substitute the word man for trader
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You have to learn the rules of the game, and then you have to play better than anyone else. Albert Einstein
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Lastly, just to give you an example of how generous brownsfan has been in the past. He disclosed how he uses the same system on multiple maket's. Yet, an amateur trader comes along and questioned his logic. Now, anyone who would just THINK a little before posting, would realize he gave out to the general public, what takes years of screen time and research to REALIZE that all market's are fractal in nature. Basically, what works in one will work on all.
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1. 1-Chart can divulge too much. 2. What Thales does is basic, what Brownsfan does is advanced and as said, took years of blood, sweat and tears to develop. 3. Threatened? Problem? So, you expect to be spoon feed a profitable system? 4. Purpose of posting P/L is the fact, he has shown he is profitable! Unlike majority who are not. So, when he does decide to give tips you might want to pay attention.
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I said I would create (2) threads. One for complete trading plan and another for Top 10 market facts. Unfortunately, Friday night, my dog started acting as if he was drunk and went into convulsions. I took him to the vets and found out he has liver disease. We have an appt. Monday with a specialist for an ultrasound to find out what can be done. I just wanted let those interested in said threads to know I will complete them, but not right now. Hopefully, I'll have this situation resolved in a few days and complete said threads thereafter. However, until then, all my focus is on him. Most importantly, all member's with cats and dogs, liver disease is within the top 5 killers of our "family member's". Know the silent signs of liver disease, before its too late.
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Reading the Price Action by Looking at Each Trade
mea replied to charcoalstick's topic in Technical Analysis
1. You said, Perhaps you could talk about 'facts' as you know them and how they apply to reading supply and demand on a trade by trade basis. To be honest your original statement seemed to be rhetoric, perhaps you could expand on it?" I will create a seperate thread listing the "Top 10 Market Fact's" and how to expoit them. 2. You said, My universe of facts (I prefer to think of 'truths' ) pertaining to the markets is pretty small. I have several fairly strong beliefs that are based on empirical research and observations but those sure ain't facts. Imagine how much more CONFINDENCE someone could have when building strategies based upon market "facts", not opinions or "beliefs" as you said, as well as unproven theories, possbilities and degrees of probability. Which are the most SUBJECTIVE and subject to INTERPRETATION, and thereby ALLOWS MANIPULATION by the user. Which is the reason trader's let EMOTIONS interfere with trading decision and LACK DISCIPLINE to follow their plan. As their subjective plan could NEVER allow them to be DISCIPLINED to begin with, no matter how hard they tried! As their mind is in constant conflict. 3. You said, I would have to disagree about an edge being a proof of any fact about the markets. I said, a TRUE edge, not edge. The difference between the two are; A. FALSE Edge utilized by MAJORITY of trader's is based upon degrees of probability at best. Now, can this type of edge be successful? YES, as long as the trader has exceptional "trade management" skills, which is a rarity. B. TRUE edge is utilized by MINORITY of trader's and is based upon fact's, which are superior than even the HIGHEST probabilities. Thus, more successful. Also, I believe, that's sufficient evidence to prove why the MINORITY profits at the expense of the MAJORITY. 4. You said, The only fact is the statistics themselves. Statistics are NOT a fact. In trading, statistics are merely referencing degrees of probability of a certain outcome. Whereas, Facts DO NOT change, such as the case, where market conditions change, but the FACTS for EACH different market condition remains the SAME. 5. You said, Do you believe that "reading price action by looking at each trade" can give you an edge? Yes, but only with a FACTUAL CONFIRMATION. 6. You said, there are a couple of other threads that might interest you. There's one about whether markets are predictable. Thank you for the consideration. However, I already know the answer to that question. As the market has PROVEN what the correct answer is. The market in its purest form, will answer any question someone desires. Someone just needs to ask the right questions and the answer will be revealed. People look, but they don't see. They are blinded by their beliefs. However, its really not their fault, as that is how they were taught. They were just taught incorrectly. Hence, its the teacher's who's really at fault. Or they were given false, misleading, incomplete or just plain incorrect information.