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Re: A New Trading Game (chaos game) Played for Money and Played in Risk- Free Space

ImpLaNT, Tue Aug 08, 2023 10:54 am

Hello, Samm...
Thanks for your comments. I can always learn something new from them, albeit bit by bit, but nevertheless ...
Darkdoji wrote: Tue Aug 08, 2023 5:32 am [f] What if I am not around and price turns? This is in a sense also a response to [e] because the analysis in page 12 shows that all moves end in the FLE - price behaviour is not irrational, but the fear in the trading mind of that possibility is by definition irrationality and this does affect results (e.g. when we get out with less than we could when in our minds we want the most we can get). For example, I did not take profit the last trade that I showed last week until this week open Why? I used the property of chaotic trading space that shows price will always close in FLE (reduce to the singularity), and which arguably makes the FLE therefore the best space to TP. But note, not by some number we know ahead, rather by recognizing where we are in space at every stop. The model shows that space is a dynamical pattern.
Let me argue with you a little. You say that any movement must end in the FLE stage. As you probably already understood from my posts and pictures, I am an intraday trader. That is, I open a position once (sometimes 2, but rarely) per day in the direction of the daily bias. And its important for me not only to open it in time, but also to close it in time, because there are very sharp rebounds from extremums. In the picture, I show the places of price reversals where the FLE stage is absent. And at such moments, its important to take profit in time, otherwise in a couple of hours your profit will turn into a loss.



I don't dispute your theory and I am inclined to believe that the absence of a FLE zone in such reversals rather indicates that these are not global reversals, but rather intermediate stations and the previous movement will continue after the market calms down. But...I am an intraday trader and therefore it is advisable for me not to allow such moments and not to allow a profitable position to turn into a losing one. Therefore, the issue of profit fixing is important for me. And so I have certain risks and fears of not closing on time. Because of this, I lose part of the profit. It turns out that it is easier for me to open a position correctly than to close it correctly. And I'm working on this too. This issue also has a psychological aspect. But nevertheless, pay attention to the fact that yesterday I correctly foresaw a sharp reversal without FLE and it happened, but I did not maintain the position and I also admit this.
Darkdoji wrote: Tue Aug 08, 2023 1:37 am PS: The space ahead is critical and I would look at MRI H1 X H4 X D1 to gain a sense in sequence.+ the Power Icon
And there is one more question, since you touched on this element... Tell us more about the essence of this icon. I think, and I believe that there is a deep meaning in it, but its not described in detail anywhere in your documentation. I once stated my assumptions to you, but you said that they are incorrect. Therefore, I will not cite them again. But I want to know the true and correct description of the meaning of this element. Thank you!
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