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Intraday Profit / Loss MGM

Discuss Intraday Profit / Loss MGM at the Risk & Money Management within the Traderji.com; 4th march trade [url=https://postimg.org/image/ie8ospk1n/] similar looking 13 mar trade...


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View Poll Results: My MGM Method
Run with Your Profits/Loss ASAP 9 60.00%
Lets Wait for Reversal 4 26.67%
Getting/Lossing 50% on my trading capital . I am DONE 0 0%
Overwaiting for BIG Profit/Loss 1 6.67%
No method . Upar wala karega jo karna hai 2 13.33%
Multiple Choice Poll. Voters: 15. You may not vote on this poll

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  #91  
Old 14th April 2017, 02:12 PM
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Default Re: Intraday Profit / Loss MGM

4th march trade
[url=https://postimg.org/image/ie8ospk1n/]

similar looking 13 mar trade
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  #92  
Old 28th April 2017, 01:52 PM
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Default Re: Intraday Profit / Loss MGM

~~~~~ Critical Post #2
Quote:
Originally Posted by wabuf View Post
ok , staying away from BNF .. will do aggressive trading on stocks..
will return on NF/BNF after 1 lac.
Best month so far in trading career ... only 3 losing days this month ..
prev. record was 5 losing days ..

would like to make it 2 / 1 / 0 ...

Happy trading !!
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  #93  
Old 28th April 2017, 10:38 PM
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Default Re: Intraday Profit / Loss MGM

aapka VEDL to aaj morning session me bohot upar gaya.
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  #94  
Old 28th April 2017, 11:40 PM
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Default Re: Intraday Profit / Loss MGM

han aja bhai ,,, shayad cairn merger k wajah se .
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  #95  
Old 11th May 2017, 09:33 PM
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Post Re: Intraday Profit / Loss MGM

saving post about indis ..

#1

Apologies
-no mentor, or course, or literiture can give anyone the holy grail to the secrets of success in trading in the markets.
-"and no one, sells the goose that lays golden eggs, probably the eggs, but never the goose"
Nevertheless, I will humbly attempt.

Since the late 70s and into the millinium.
Many "engineers" have made public, their inventions of reading probabilities into Technical Indicators. Many Technical Analysis Gurus came to the forefront to sell their research findings. To name a few,
The Grand daddy being Charles Dow and his Dow theory which later lead to the creation of the Dow Jones Indexes.
Rene Descarte who introduced the Spiral studies.
Leonardo Da vincci who fostered the fabonacci principles,
W.D. Gann, who introduced Cyclic Studies of Squaring time and price.
R.N.Elliot, who introduced the Elliot Wave Studies
W.Wilders.Who introduced the mathematics of calculating overbought and oversold markets by his introduction of the DI+,DI-, ADX lines and the Relative Strength Index.
The Stocastics, MACDs, ……………………………...etc

If one was to impliment all these studies onto their charts. What you will see is a beautiful piece of art, displaying very impressive hog wash, that do nothing but dazzle the uninitiated. If anything else it 'll confuse you even more.

Then you have the charting specialist who have introduced many ways to chart eg,
Linear Charts, HiLoClose Bar Charts, Japanese candlestick charts, Point & Figuring, John Hill's Bar Chart congestion & reversal patterns, reverse point waves, pivots, fractuals, ………..etc

Today, we find lots of originally and mutated techniques and methodologies available to the Chartist or Technicians.

What many fail to realise, is that all these studies, basically are statistical tables plotted in graphic form to present a "picture" to assist traders in their decision process. The maxim being, that a picture tells a thousand words.

"It is not theirs (the charts) to reason why,
But to signal Sell or Buy,
For the traders to do or die,
Hoping that the signal does not lie,

I would, from my many years of studies, go so far as to say, that they all work, some more than others but they all do serve a purpose. (to give traders, the "guts" to do or die)
If I may borrow from the quotes of Sir Winston Chirchill.
"That you can lie to some people all the time, all people some of the time, but not to all people, all the time."
Similarly, theses studies can work in some market conditions all the time, all market conditions some of the time, but not all market conditions all of the time."

Think about what I've just quoted very carefully.

The problem with some people and some professional Technical Analyst today ( being a certified Technical Analyst myself ) is that they use the Technical studies as if, it were the "Holy Grail" of trading & their pathway to the millions.

How far that is from the truth.
Any person with a good brain on their shoulders, will ultimate come to the realisation that these are just tools. Tools that are built on historical and lagging databases. Moreover the rigidity of the parameters used in the studies imposes rigid responses to changing market conditions. Have we forgotten that the market is a live beast that learns and adapts to trader behaviours? Many have forgotten that the market is the sum total of the behaviour of the participants engaged in the market place. These tools are used for measuring the markets health, not so unlike the thermometer to a doctor, or the measuring tape to a carpenter, just a tool.

Then how is it possible that these studies themselves can be considered the "Holy Grail"?
It may be due to ignorance (being new and uniniatiated), lazyness, or just plain stubborness ( a little knowledge is a dangerous thing). Of course it is not nice for me, to tell you about those who have "a little knowledge", trying to scam those who know less than them. That's another story.
Some do so, because of a very new disease discovered recently, the sickness of "the chance".
If you use the Technical studies as your "Holy Grail", I have only one word for you, GAMBLER.

I put it to you, that, to consider your Technical Studies to be more than what they are is a "fallacy" in trading the markets, not so unlike martingale gamblers' fallacy. It can lead you to a very dark place.

What many traders do not know, or may fail to recognise, is that your success in taming the markets, is comprised of a mix of ingredients. Not so unlike in baking cakes.
I suggest three very important ingredients. One is " Market Structure ", the other is "YOU", then Capitalisation. Of course there are many more components, for the moment these seems of dominant importance, in my humble opinion.

I hope you will think about what I've said very carefully.
I shall try to push these doors ajar for you slowly to show you the light at the end of the tunnel (please hope its no on-coming train), God willing.

regards
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  #96  
Old 11th May 2017, 09:33 PM
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Post Re: Intraday Profit / Loss MGM

# 2

Having said that, I must highlight a very critical point.
And that is, for us who practise "true to the masters" methodologies.
Indicators have no capacity to be predictive, by virtue that they are derivatives of historical database.
There have been intense arguements in many the "newbie" analyst circles that historical infomation can pridict the future supports and resistence level and lots of orders are placed at those "key" levels.
From my engagements in the markets as marketmaker, FX spot interbank, we actually capitalise on these "sitting duck levels" by sweeping for them, esp the stops zones. I will be discussing on this subject abit later when we come to it.

But for this moment, my point is that I find it rather disturbing that some traders are over crowding their minds with too much indicator reads and neglecting the "feel the trend aspect" of wihich most lag indicators were devised for. Their over dependence on predictive indicator reads, creates a very dangerous mindset for prudent trading.

There has also been a big growth of "Black Box " Systems being sold by so called analyst that promotes and sells the "fallacy" that technical analysis is mostly predictive in nature using certain "secret parameters". I 've seen during my time, that most of them fails over the long run, and it actually damages the outlook to technical studies.

I guess the question at hand is, How can historical data, predict the future? If it could , we'll have no more markets to trade. The fact that people building assumptions into past data and passing that, as mainstream technical analysis, just goes against the grains and foundation , that technical analysis was built upon.

W D Gann, using maths and Astrology could predict the future with accuracy, would you believe that. When he died, even his son John Gann disputed his father's ability to do so.
I'm just using this as an example, you must understand. He hower did use the swing charts , which are geared to trend following more than anything else. The unfortnate thing that he carried his methodology to his garave left us guessing his actual methdology.

There are actually true sciences and mathematics in the most traditional "technical analysis models" and as time passes, I find it distasteful that more and more superstition is creeping in. And more and more artistic engineering is created to mask the fact that the traditional TA models were never predictive at all.

I hope I have acticulated the case clearly.

regards
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