jaxricane
2 posts
msg #76138
- Ignore jaxricane |
7/8/2009 4:55:11 PM
Many Thanks TRO
Jax
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Eman93
4,750 posts
msg #76146
- Ignore Eman93 |
7/8/2009 10:20:41 PM
This is a very good daytrading method.............
TRO I would like too hear your opinion on the gap... if the gap is above yeserdays high do you go short everytime or is this something that you may watch for a few bars first? Just wondering how you play these?
I know you are a pro and will switch your position as soon as it is goes the wrong way.....but based on your experance
Also a money managment question: how many trades do you plan for in an average MTC trading day?
Thanks TRO......
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Eman93
4,750 posts
msg #76224
- Ignore Eman93 |
7/9/2009 11:08:50 PM
I Know READ THE POST........ do you always go short (bleow the open) if the open is above yesterdays high?
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stratiG
147 posts
msg #76263
- Ignore stratiG
modified |
7/10/2009 10:02:17 AM
Eman93,
I do.
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TheRumpledOne
6,411 posts
msg #76305
- Ignore TheRumpledOne |
7/10/2009 5:10:23 PM
You "fade the gap" until the gap fills.
Then you can trade both ways unless you have already filled your pail with "milk" or "juice"...LOL!!!
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cr0cop
87 posts
msg #76310
- Ignore cr0cop |
7/10/2009 8:29:44 PM
hey TheRumpledOne does the MTC strategy work on the forex, or do you have any good strategies for the forex? or what do you think is the best material to study to learn to trade forex?
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TheRumpledOne
6,411 posts
msg #77292
- Ignore TheRumpledOne
modified |
8/5/2009 4:06:15 PM
"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.
The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."
P64 HOW WE DECIDE
http://residentialpropertyanalytics.blogspot.com/2009/04/humans-are-wired-to-see-patterns-where.html
===================
Can you say "BUY ZONE", "FADING THE GAP" or "RUN FOREST, RUN"?
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TheRumpledOne
6,411 posts
msg #77293
- Ignore TheRumpledOne |
8/5/2009 4:09:51 PM
cr0cop
7/10/2009 8:29:44 PM
hey TheRumpledOne does the MTC strategy work on the forex, or do you have any good strategies for the forex? or what do you think is the best material to study to learn to trade forex?
============
Yes, the Buy Zone works very well in Forex. Yes, I have a few good strategies for Forex.
To learn how to trade Forex or anything else, do not read any trading books at all. Read psychology books like "How We Decide", "Trading in the Zone", "Fooled by Randomness" and "The Black Swan".
Reading trading books is like being outsmarted by a rat...LOL!!
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stratiG
147 posts
msg #77294
- Ignore stratiG |
8/5/2009 4:16:31 PM
8/5/2009 4:06:15 PM
"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.
The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."
P64 HOW WE DECIDE
===================
Can you say "BUY ZONE", "FADING THE GAP" or "RUN FOREST, RUN"?
============================================================================
I can't stop laughing.....LMAO
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Eman93
4,750 posts
msg #77296
- Ignore Eman93 |
8/5/2009 6:31:10 PM
I am smarter than the rat ...........LMFAO
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