coksubeox
03-05-2016 22:17, 10:17 PM
Fantastic afternoon Ladies and Gentlemen,
Below I Shall share some unique insight about the Markets.
First off for those wondering where I was these past 2 months I was tied up with system development and study, nevertheless I am back to make a contribution. That is a long over due ribbon, I appreciate the info which the Users of FF have provided over the past few decades.
Whether info is gold, or fool's gold: information of any kind gives the player the chance to boost him/herself. Golden information points us in the right path, useless information lets us reflect and analyze the logic of unsuccessful Traders, ultimately benefiting oneself by learning from the mistakes of other people.
Average Trading Logic
once we look at the average trader or unsuccessful trader their logic typically involves examining past price, developing a method, then calculating the accuracy of the method using previous data, example:
if the process had a 60% accuracy over the previous twenty years compared to... certainly it will have roughly 60% accuracy in the future lt;- that flow of logic consistently leads to failure, why not use something which can adapt on the fly as new info stre in... the human mind!
Market Constants
It goes without saying that the Markets are complex, so complex that prediction is futile for the typical man/woman.
So instead of trying to predict the Markets lets try to know them better, why not define it, understand, and learn what the Market is? TYhrough greater understanding of the Markets we'll have greater probability of succeeding.
Now I would like to present a bit of Info regarding Market Constants. My definition of a Market Constant is just as it sounds:
A Characteristic which has existed previously, does exist, and will continue to exist as long as there's a Market to exchange.
Below I've listed out a few Constants, do note that some of them are obvious, other's not too much. By producing a similar list, and adding to it as you develop, you might discover that this information will affect your trading for the better.
- You will find 24 Hours in a Day one of those Hours will include the High of the Day another Hour will probably contain the low (this notion could be applied to any stage (s) time)
- Markets are Recurrent X% of the Time (using Price not Bars)
- Fat Tailed Distribution is based on all TimeFrames, the result or fat-ness if you'll is more conspicuous on lesser periods of time
- Due to this Markets not have a Standard Distribution there's simply no way the Markets could be called Random (contrary to popular belief, mind you popular belief time and time again leads to failure in the Trading Planet )
- Beyond price doesn't affect current Market Moves regardless of what happened previously: Example, If innumerable massive Sell Orders suddenly execute... does it matter if the price they executed at'd one hundred past Support Bounces?? The simple response: No
- New Information flowing to the market induces speculation, which in turn generates Order execution and ultimately the movement of Price. A line Drawn on your chart, or oversold indiion of this RSI will not ever cause Price to proceed.
- The Markets are Static, we as humans trick ourselves and occasionally others into believing differently... The markets are, and always have been, and likely will continue to be made up of Numerous Orders.
However, we frequently look at a Chart and Photo that it's moving, comparing it to some organic physical incident like: throwing a ball and expecting the ball to keep in the direction that it was thrown.... Unless there's an unlikely large gust of wind that pushes it away...
there's the Constant of Fat Tailed Distribution, but it doesn't alter how the Markets comprise of Single Orders not a Flow of Orders
(This second statement isn't a constant but something I find valuable. It was inspired by a consumer here at FF named CrucialPoint, credit goes to him)
If no Orders are executed for 10 minutes, price will not move; if no Orders are executed for 1 year, price will not move.
So how important is the time when it comes to trading, we as Traders earn profit from the movement that occurs on the Y axis of our trading charts not the X axis.
(re-read the underlined statement above, there's a connection which exists between the movement of price and orders, it's as straightforward as that. . However not simple enough to exchange, yet this concept can be overlooked when folks are growing trading procedures and by doing this it inhibits progress)
there's no get rich quick scheme once it comes to trading, there's nevertheless a get bad quick scheme if one does not try to separate themselves from the crowd of unsuccessful traders. I've stated this many times, the majority fails always, if one uses the very same methods as the majority they too will probably fail.
So instead develop unique ways of examining the Markets, and trading the Markets BUT initial create a unique technique of thinking; your thoughts affect your activities so of course they will influence the way that you analyze and trade the Markets.
Develop a unique perspective.
Developing traders need to be mature enough to realize that the real Nature of the Markets is complicated, nevertheless there is and always will be Market Constants, by identifying these Constants one has greater likely hood of success because the individual will understand a bit more about the true nature of the market.
Godbless and Best of luck to you Brothers and Sisters,
(The list outlined above, contains pieces of information that's positively influenced my trading because the day I first started. This list is based off of my adventures, I do respect the opinions of other Traders particularly those of you who may disagree with what I have written. I look forward to discussing any criticism or theories that arise from this particular post, thanks all.)
Below I Shall share some unique insight about the Markets.
First off for those wondering where I was these past 2 months I was tied up with system development and study, nevertheless I am back to make a contribution. That is a long over due ribbon, I appreciate the info which the Users of FF have provided over the past few decades.
Whether info is gold, or fool's gold: information of any kind gives the player the chance to boost him/herself. Golden information points us in the right path, useless information lets us reflect and analyze the logic of unsuccessful Traders, ultimately benefiting oneself by learning from the mistakes of other people.
Average Trading Logic
once we look at the average trader or unsuccessful trader their logic typically involves examining past price, developing a method, then calculating the accuracy of the method using previous data, example:
if the process had a 60% accuracy over the previous twenty years compared to... certainly it will have roughly 60% accuracy in the future lt;- that flow of logic consistently leads to failure, why not use something which can adapt on the fly as new info stre in... the human mind!
Market Constants
It goes without saying that the Markets are complex, so complex that prediction is futile for the typical man/woman.
So instead of trying to predict the Markets lets try to know them better, why not define it, understand, and learn what the Market is? TYhrough greater understanding of the Markets we'll have greater probability of succeeding.
Now I would like to present a bit of Info regarding Market Constants. My definition of a Market Constant is just as it sounds:
A Characteristic which has existed previously, does exist, and will continue to exist as long as there's a Market to exchange.
Below I've listed out a few Constants, do note that some of them are obvious, other's not too much. By producing a similar list, and adding to it as you develop, you might discover that this information will affect your trading for the better.
- You will find 24 Hours in a Day one of those Hours will include the High of the Day another Hour will probably contain the low (this notion could be applied to any stage (s) time)
- Markets are Recurrent X% of the Time (using Price not Bars)
- Fat Tailed Distribution is based on all TimeFrames, the result or fat-ness if you'll is more conspicuous on lesser periods of time
- Due to this Markets not have a Standard Distribution there's simply no way the Markets could be called Random (contrary to popular belief, mind you popular belief time and time again leads to failure in the Trading Planet )
- Beyond price doesn't affect current Market Moves regardless of what happened previously: Example, If innumerable massive Sell Orders suddenly execute... does it matter if the price they executed at'd one hundred past Support Bounces?? The simple response: No
- New Information flowing to the market induces speculation, which in turn generates Order execution and ultimately the movement of Price. A line Drawn on your chart, or oversold indiion of this RSI will not ever cause Price to proceed.
- The Markets are Static, we as humans trick ourselves and occasionally others into believing differently... The markets are, and always have been, and likely will continue to be made up of Numerous Orders.
However, we frequently look at a Chart and Photo that it's moving, comparing it to some organic physical incident like: throwing a ball and expecting the ball to keep in the direction that it was thrown.... Unless there's an unlikely large gust of wind that pushes it away...
there's the Constant of Fat Tailed Distribution, but it doesn't alter how the Markets comprise of Single Orders not a Flow of Orders
(This second statement isn't a constant but something I find valuable. It was inspired by a consumer here at FF named CrucialPoint, credit goes to him)
If no Orders are executed for 10 minutes, price will not move; if no Orders are executed for 1 year, price will not move.
So how important is the time when it comes to trading, we as Traders earn profit from the movement that occurs on the Y axis of our trading charts not the X axis.
(re-read the underlined statement above, there's a connection which exists between the movement of price and orders, it's as straightforward as that. . However not simple enough to exchange, yet this concept can be overlooked when folks are growing trading procedures and by doing this it inhibits progress)
there's no get rich quick scheme once it comes to trading, there's nevertheless a get bad quick scheme if one does not try to separate themselves from the crowd of unsuccessful traders. I've stated this many times, the majority fails always, if one uses the very same methods as the majority they too will probably fail.
So instead develop unique ways of examining the Markets, and trading the Markets BUT initial create a unique technique of thinking; your thoughts affect your activities so of course they will influence the way that you analyze and trade the Markets.
Develop a unique perspective.
Developing traders need to be mature enough to realize that the real Nature of the Markets is complicated, nevertheless there is and always will be Market Constants, by identifying these Constants one has greater likely hood of success because the individual will understand a bit more about the true nature of the market.
Godbless and Best of luck to you Brothers and Sisters,
(The list outlined above, contains pieces of information that's positively influenced my trading because the day I first started. This list is based off of my adventures, I do respect the opinions of other Traders particularly those of you who may disagree with what I have written. I look forward to discussing any criticism or theories that arise from this particular post, thanks all.)