"that sounds like a plan, lets sally forth with that !"
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"heal not hill, oops"
"@peter-all is well, and my bike is fixed. when you re young you bend, when your old you break. i am fortunate that my life gives me th freedom to hill without the burden of needing money, for that i am very thankful. thx for asking."
"as always i am curious what the point is here. in your mind what is the purpose of this social media site? obviously you took some time and energy to post this but help me understand what the point is. who benifits, is it you, or are…"
"@pixta-im surprised you dont have more comments on this post, it is intelligent, visual and well thought out. do you believe it is possible that it can go green yellow and back to green? or do you believe more often than not it will…"
Peter jcp commented on talisman's blog post RR, OPPORTUNITY, EXPECTANCY & THE GRADE 3 PAGE 1 DEFINITION OF HOW THEY INTER-RELATE"Hi Talisman - sorry to hear about your mountain biking accident - hope the hand mends quickly - and is the bike still rideable ?
I reckon you put yourself down Talisman with regards to your education and understanding - too me you seem to have some…"
"@jasmine-i see you tried to comment but it was never added. i thought i would respond anyway as you played a role in me writing this post via some comments on another post the other day.
firstly to mention on your stats, you considered…"
"its always interesting to me how people interpret price action so differently. the area that motivates you to enter is almost the exact same as the area that i get out and stay flat until i see the variables i need to see again. it is…"
"very intelligent and well thought out, looks like so far today things are going your way."
Peter jcp commented on talisman's blog post RR, OPPORTUNITY, EXPECTANCY & THE GRADE 3 PAGE 1 DEFINITION OF HOW THEY INTER-RELATE"Hi Talisman - I am with you on this post - especially the comment - "its important to not lose sight of these things.". I do think many new traders - and I was one once - think I just need loads of pips and then I will make money…"
RR, OPPORTUNITY, EXPECTANCY & THE GRADE 3 PAGE 1 DEFINITION OF HOW THEY INTER-RELATE
a couple quick definitions to get the kick the cat hererr=risk/reward-the amount at risk compared as a ratio to the amount you makeopportunity-the amount of set ups a method gives you to enter the market in a period of timeexpectancy- the amount of pips( or whatever you want but pips is best ) you excpect to gain(lose) employing a method per pip riskedin order to profit in the long run you must have a positive expectancy, this is a must. the amount of positive expectancy you need to get any…See More
"picking bottoms is a dangerous sport, so good luck. personally i would be bearish until it proves itself bullish. i was wondering how you determine your confidence factor, and what the scale goes up too? 5 , or maybe 10? there must be…"
RR, OPPORTUNITY, EXPECTANCY & THE GRADE 3 PAGE 1 DEFINITION OF HOW THEY INTER-RELATE
a couple quick definitions to get the kick the cat hererr=risk/reward-the amount at risk compared as a ratio to the amount you makeopportunity-the amount of set ups a method gives you to enter the market in a period of timeexpectancy- the amount of pips( or whatever you want but pips is best ) you excpect to gain(lose) employing a method per pip riskedin order to profit in the long run you must have a positive expectancy, this is a must. the amount of positive expectancy you need to get any…See More
"good points. the ey has given an interesting lesson in why pinbars cannot be used in isolation to place trades. each pinbar i ve circled on this chart could be an argument for the market taking out bull stops. it did take a little move…"
"i guess the question is what is the reward, and what must one pay for the opportunity to recieve this reward?
there notion that successful retail traders exploit anamolies that constantly change is ridiculous.
i didnt want to say anything since…"
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- About Myself
- self employed logger in western alberta
- Trading style
- technical / price action
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- fxcm
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RR, OPPORTUNITY, EXPECTANCY & THE GRADE 3 PAGE 1 DEFINITION OF HOW THEY INTER-RELATE
Posted on May 23, 2013 at 1:22am 5 Comments 3 Likes
a couple quick definitions to get the kick the cat here
rr=risk/reward-the amount at risk compared as a ratio to the amount you make
opportunity-the amount of set ups a method gives you to enter the market in a period of time
expectancy- the amount of pips( or whatever you want but pips is best ) you excpect to gain(lose) employing a method per pip risked
in order to profit in the long run you must have a positive expectancy, this is a must. the amount of…
Continuedrawdown tolerance
Posted on April 17, 2013 at 1:26am 9 Comments 3 Likes
in the vein of blog posts venturing away from predictions, analysis, and trade entries, a trend i m quite pleased to see, i thought i would throw out the topic of drawdown tolerance for discussion.
it is important to understand ones draw down tolerance , and taylor a plan that does not exceed these limits.
early on in my forex adventure ( about 5 years ago ) i wanted to get my feet wet with live trading so i started trading a very simple strategy using atr. in 4 months i…
ContinuePlain Jane Vanilla Trading ( Same ol' same ol' )
Posted on April 9, 2013 at 1:12am 31 Comments 2 Likes
A number of good people mentioned gu buys around this level without giving specific stops and entries. since it falls within my criteria for a buy as well i ll take it a step further and illustrate the trade. this trade could easily ( as always ) still turn into a loss. i like to try to post them fairly quickly after entering so its obvious i m not cherry picking. lets see what happens with this very smple s/r trade…
ContinueMore plain jane vanilla trading
Posted on April 3, 2013 at 11:56pm 4 Comments 4 Likes
this post is intended for new traders who want a simple approach they can expand on and make thier as time goes on. it is not intended to to give triple digit monthly returns. just because you re not wayne gretzky doesnt mean you cant play hockey.
dont try to predict, just roll with whatever is happening. as you become comfortable with seeing the signs that a market may bounce off a level start to experiment with managing the process as it moves in your favor.
not sure where…
ContinueComment Wall (1 comment)
- At 11:58pm on June 5, 2012,
Brian Twomey said… Hi Talisman,
What I was trying to say but didn't seem to be clear was the forecasts ability of a EUR/CAD movement from the 253 day average can be forecasted with perfect accuracy. Its always been clear but obviously trying economic times is the only aspect that can disrupt the balance. Take care and appreciate the comments, we are alright
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