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  #806  
Old Jun 20, 2010 6:26pm
woo
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this must be a joke. Plenty of people figured it out, though they are not writing, and finding it amusing how some members looking crazy for it. Lol i do this strategy without knowng it, but that explains my awesome results. I cant fathom that someone cant figure it out. the thread states it obvious. I didnt know it was the holy grail, so i will shut my mouth as well hehe.

Last edited Jun 20, 2010 7:37pm
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  #807  
Old Jun 21, 2010 2:59pm
woo
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Actually, Anyone who is willing to pay me 9000 usd, i will tell you what this thread is about in private and the so called strategy and how you profit from it.

However, if its going to be worth explaining it, post me a picture screen from http://mensa.dk/testiq.xml where you get more than 115 in iq, with the lowest standard deviation. Because im being honest here, you need to be a smart trader to profit this.

That will just be me filtering. You at least need and iq of 115, which is rather low. WHat is more important is your lateral thinking capabilities,creativity, and understand how things are.

Prefarably, if you are already posting here on forexfactory, i can judge your lateral thinking capacity. For example, pork pie exhibibit, according to the post here, quite a high lateral thinking capacity, as well as well as capitalist88.


What is lateral thinking. well its understanding something like this:

Say that price either goes up incrementally to 100 or down to 0, without ever retracing back. Say that the current price is 50. Chances that it goes up or down is 50%

How could could you harness this market charactheristic to your favour?


Answer is, set take tp to 50, and stop loss to 1. This would have a positve expectancy after 100 trades, produce 50 wins with 50 pips in profit, and 50 losses where the loss is only 1 pip.

The profit is 50 times 50=250 pips
losses are 50 times 1=50
net profit is 200

If you posses this elusive insightfull skill to a bigger extent, and this curious mind, (one who is thinking a lot,analyzes=traits that einsteined possesed to reach immensely insightful thoughts) you would start thinking how you could use this profitably in the market.


You would realize that it would be situations in the market where it is very volatile.

Say, that if it breaks the resistance line 50, you know it will plunge into 80 at least. CUrrent price is 45. So you enter on 45, tp is 35 pips, whereas, sl, is set on most recent support at 35. SO your sl is 10.


This would create a similiar situation, for how you could use this idea on the market. You would understand what situation is needed, with your reflective mind.


A really reflective mind, would hower, start to think about the chacnes of the price going up to 80. Say that your analzes tell you it is only 10%, when this trade according to your analysis would not be profitable. As the positive expectancy would be in 100 trades


winning trades:,35profit, times 10= 350 pip profit
losers, 10 times 90=900 pip losers
net: 550 pip loss


However, the chance for breaking the support, would be increased,if you for instance think the price is oversold.


A really reflective mind would think deeper about this factor, does this oversoldness in the example, maybe point to the fact that the price is trending. Not starting to think about this, would indicate lacking skill of understanding how things are(which in my point require at least a rudimentary iq of 115, plus reflective mind.

An iq of 180, without reflective mind, would only be good at calculating, doing maths, but not explore thoughts deeper, understand how things are. I cant quite put my finger on what this other skil is, but its not iq, but this skill is the most important for a trader, in order to READ SITUATIONS.


I posses around 130 iq, however, my insightfullness, is quite extraordinary. FOr me to even illustrate this concept with and understand this way, and even understanding what kind of inntelligence a trader need show that i posses a very thinking mind that understands things

I have this creative,insighful mind like einstein. NOt to the same extent as him, but to a much higher extent than average.

Ive come up exactly on how human beings work, what defines love, and other thing, and i would probably revolutionize this area if i made my findings publicily available. Though, i prefer to exert my power into understanding trading better

Ive aspergers. Exactly like einstein had. I lack empathy skills(for instance, i write about how good i am, and the general impression this very special post creates on the reader, would turn many people irritated on me, however, i cant feel it in heart that i do, thus i dismiss it and still keep bloating, putting my self on chair close to god". I promise you, many aspergers would never admit it, and never being able to do the mistake(bloating), while at the same time know how other would feel about it. Im way above the average aspergers in understanding myself, the environment. You would never think ive aspergers in real life, as i act perfect if i want to. Ive been able to map almost every single social norms, rules, and can mask myself perfect. Im rather interpreted as someone with great empathy in real life lol. Ive to live with people, and have thus put amazing amounts into analyzing human behavious,attraction,love,respect. Ive think my powers go to waste, i much rather put it into understanding trading instead. Its sad that many aspergers have to wast it into human behavious, in order to adapt to the society tthey live in so they can fit.. fucking sad.


Not all aspergers are like me or einstein, but genererally, since you lack empathy you become more analytical and creative. This coupled with high iq, can create wonders. Im a fucking born trader.
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  #809  
Old Jun 21, 2010 3:38pm
woo
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Quote:
Originally Posted by Sauron View Post
I'd put you out of your misery for a lot less.
haha
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  #811  
Old Jun 21, 2010 4:41pm
woo
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From reading the thread, ive thought about it, and want to share my thoughts, regarding the debate porkpie and scotty be had.

We have different orders. These are the main:


Market orders
Limit orders

Where stop losses and take profits are market orders.

Limit orders provide liquidity, whereas market orders eat up liquidity.

However, volume is the aggregate of market orders and limit orders.

For the price to move one pip, it has to eat up the open interest.

Lets say

Market buy order= MB
Market sell= MS
Limit buy= LB
Limit sell= LS


So for the price to move up, this has to be true:MB>(LS-LB)+MS

In this case, if price moves up,all LS get filled. We, say, that the LS is in the wrong direction of the market. However, not all LB wont get filled.

The amount of LB that wont get filled when price reach higher in the direction of the buy limit is, LB= MB-MS

The reverse is true if MS>(LB-LS)+ MB

However, i dont think this is anything new. Im sure there are articles and books regarding this.

Last edited Jun 21, 2010 5:14pm
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  #812  
Old Jun 21, 2010 5:01pm
woo
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Continuing:

Since volume is the aggregate of limit orders and market orders, and since market orders eat up liquidity through consuming limit orders(that provide liquidity).

SO if the price don't move(lets say it is on 60(not consuming open interest), And volume is high, because limit and market orders are triggered, that would result in lower liquidity, at price level 60. More liquidity may be at 61 there more lingering limit orders hang. But market orders eat up liquidity through consuming limit orders, as price hangs on price level 60. One can assume that, since forex in genera l is so liquid, one can assume new MS entering the market all the time. This also means, that if there are many buy limit orders at a price level, resulting in the price bouncing off that level, the more times it touches that level, the more of these limit buy orders are consumed, resulting in a higher chance of the price clearing all the bying limit next time.

Anyway:

So if prices dont move, this will create high volume on 60. And if prices stay on that, not moving down to 59, liquidity dries up. Meaning, that less market by orders are required for the price to move up to 61, the longer the price stays on 60.

This is only true if no Market sell orders enter the market. However if it enters, if there are lots of MS, chances are it will drop down to 59, as these MS consumes the open interest,but if price anyway hangs AROUND 60, in the viscinity, in times during high volume, it indicates liquidity dries, up, and chances are higher that it will go to 61.


This is good knowlededge if one is scalping.

Conclusion is:

if price hangs around 60, volume is high, it means liquidty dries up, and chances are higher it will go to 61, deping on situation in general.





Just some interesting thoughts.

Last edited Jun 21, 2010 5:22pm
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  #813  
Old Jun 21, 2010 5:04pm
woo
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These are examples on how you can come to greater insight by having a generally high iq, but foremost, an exploring analytic mind. you can reach great insight and understand how things work

Happy trading guys.
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  #815  
Old Jun 21, 2010 5:27pm
woo
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Quote:
Originally Posted by Leonlorenzo View Post
Lol, you sound like a right wanker... but I don't actually mind reading what you write. Personally, I think 'IQ' is overvalued by many... If you gave an IQ test to a tribe living in the Amazon, they would probably score terribly... but do you expect me to believe that they're all extremely stupid?

Someone said "IQ is what is what is tested by IQ tests" and I'm inclined to agree with the quotes underlying meaning.

Regards, Leon

EDIT: PS. Ideally, cultural upbringing and such wouldn't effect intellegence, yet IQ tests would lead us to...

Well, people who take math at university, generally score 130 on iq test. From this we can conclude, that strong abilitiy with math and logical reasoning has "some correlation". Because if the correlation was 0, the math students good at math, would get the average iq by the population.


So from this we can conclude that high iq, have correlation and therefore indicates ability to think logically, and solve math problems to some extent.
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  #816  
Old Jun 21, 2010 5:31pm
woo
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I agree with you that different cultural upbringing stimulates IQ.

The brain get used to thinking in abstract way. SOmething the brain can learn to do, and not something we are born with.

For someone who has never been exposed to solving problems, conducting a test would be alien to them. This would hamper the result.

However, every human is born with a max iq, where even if you study and expose yourself to problems, you wont gain much more iq.


Its the max potential that is interesting.


So cultures with low iq, obviously, dont reach their maxes to the same extent as western countries.
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  #819  
Old Jun 21, 2010 6:18pm
woo
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Quote:
Originally Posted by Leonlorenzo View Post
The "every human born with a max IQ" hypothesis is a reasonable one... but as far as I'm aware there is no research to back it up. Couldn't it just be that those who cannot perform better on an IQ test are, at the time of taking the test, restricted by some self-limiting beliefs or not had the 'enlightening' experience which allows them to perform better.

I find this all interesting, because I thought I was stupid as a child, and my teachers thought the same about me. Now, my tutors think I'm in the top 5%, and I can see I am too. Had the...
Well there is nothing that backs it up. But i think, boundaries for speculation and debate get too tight if you are only allowed to draw conclusion on what is already "scientifically proved" . Im 100% sure about my hypothesis, its sounds so common sense and sensible to me. But then, i claim i posses more than average common sense abilities, and like einstein dont need sciencie to prove things, to realize how things are.


Its not about self limiting beliefs. Its about being exposed to problem solving tasks, to stimulate the brain to think in a "problem solving way.

What i believe could hamper iq performance is:

attention deficit. children may experience higher level of this. Attention deficit will be negative for your wokring memory(working memory is scientifically strogly correlated to iq) and to think deeper.


What i believe will increase iq: being exposed to problem solving tasks)



In your case, your history is very similiar to mine. Though ive never been bad at school, but then i was a child, i could stare at a math question, without understanding what i was reading. I think i developed abstract thinking abit late.


How fast people develop abstract thinking differ from person to person, which is biologically determined. Abstract thinking is improved the more you think abstract, which you do as you study.


Some are late developers like myself...


About chess. Well chess is about memorizing positions. SO it is very memory reliant.

On the other hand, there is a strong relationship between memory and iq, so one who posses high iq, may also have good memory.

Secondly it is about thinking abstractly. Being able to think how the game develop in the future. This undoubtedly require high iq, and brain power to be able to see more moves ahead.

but here is the catch.. If you memorize positions, you also memorize different possible moves ahead. This memory of moves ahead,substitute the need of abstract thinking.

High abstract thinking require high iq. But as you can substitute abstract thinking in chess by memoryizing positions and position development you can get good at chess just by playing a lot and memorizing.

Last edited Jun 21, 2010 6:34pm
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  #820  
Old Jun 21, 2010 6:27pm
woo
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So drawing upon that it could mean any of the following:

lets assume you played average amounts of time:

1your iq is high,but your memory sucks
2your iq is not high, your memory is mediocre/bad


Number one is unlikely as higher iq usually correspond to better memory.

So given that you played lots of chess, but still suck, this likely tell that your iq is below the average of the average chess player.

But then again, i assume people attracted to a thinking man game like chess, may posses higher iq on average.

So I think your iq is lower than the average chess player, but not necessarily lower than the average iq of the populatoin.
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  #822  
Old Jun 21, 2010 7:04pm
woo
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Quote:
Originally Posted by Leonlorenzo View Post
I have been diagnosed with Dyslexia/poor working memory/low processing speed... so that probably goes a way to explaining my problems. I've just found some screen shots of IQ tests I have taken in the past at www.iqtest.dk and my average score is about 120... I wonder if the test is of the same type/quality as 'proper' IQ tests.

Ahh well, i was thinking about untimed chess games,becaus e thats only what i played online.

Im the same as you, a bit bad working mem and process speedmory, my brain power is great. Which means, that if i get enough time to think, i can figure things out, which i suspect is your case as well.e

Which also means that timed iq test will be bad, since we have low speed.

this is my own hypothesis again

(brain power times brain speed)= iq

einstein had poor working memory and also had dyslexia.

I suspect bad brain speed makes for it by compensating and increasing ones brain power.


so if you get enough time, you can use all your brain power. which einstein did since he just sat in his room thinking.


Thats good for us, as i think more brain power helps us in our quest of understanding the market and how to profit. Thats better than having mediocre brain power, and fast brain speed.

einstein had dyslexia. poor working memory.However his brain power had to be close to infinite.


and obviously, bad brain speed, will hamper your school results as it did for you and einstein, and me as well in my early years. But like einstein,you and me, we got smarter later on with our big brain power.

120 is really good. thats good for trading.

I assume you are a profitable trader. Seee....

good traders posses more than average brain power, and about 120 in iq. Like i sad

everything is about having brain power, to understand things by pondering and philosophizing like einstein. I think einstein is a good example, as he is a good example of my theory so to say.

I really believe, that to have a chance of being a trader, you need to posses above average brain power.

I hope ive cleared this out for you. You posses great brain power, you are a man that reach insight by spending time and thinking about things. Im sure im right about this after reading what you have written but your iq is not low either, its around 120(yes that iq test is quite representative'), so have the package to become a good trader that is knowledgeable and with great wisdom given enough time and especially experience.

Last edited Jun 21, 2010 7:19pm
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  #838  
Old Jun 22, 2010 7:21am
woo
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Quote:
Originally Posted by Cyrus View Post
You have what a the Clifton Strengths Finder test would call Deliberative and "Intellection". I can relate to what you are saying alot. I need to figure stuff out and find out WHY things are the way they are. There is alot of depth and rational inter-relations that can be gleamed by thinking about how stuff fits together.

Another trait of a good speculator would be introspection and an understanding of one's own psychology. Some call it intra-personal skills.

For the "read situations" part, I'd say it's an instinct. I know some old school...
Actually, ive been wondering whether good intrapersonal skills is helpfull. Your post helps me reach greather insight that ive not thought of.

Great intrapersonal skills is good for:

acknowledging wrong beliefs and thoughts, and being more doubtful, and therefore more analytical.

So intrapersonal skills increase analytical mind...which ultimately increase brain power as we have been talking about.


nice , solved that one. Its also sounds reasonable, iven if you dont dig deeper. Lets say, someone who cant take critic, one who will never see that he is doing any fault...this will undoubtedly hamper his ability to see the truth, even if he is smart...



Nah, order flow is everything
Here is my trading action today (which i like to display )
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  #841  
Old Jun 22, 2010 3:09pm
woo
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Here are the tradse done today, using order flow teqhcnique

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  #848  
Old Jun 23, 2010 4:12am
woo
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edit.
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  #852  
Old Jun 23, 2010 5:26am
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Quote:
Originally Posted by pipmutt View Post
Anyone contemplating paying you 9k would be automatically excluded from the "intelligent mind" category....catch22!
Actually i realized that. Because a dumb customer would get angry not being able to implement my strategy and call me fake. I would not want that. And the intelligent one, would not even contemplating paying me 9k.

Well, i think the market or some god dont really want my trading style to be spread around the world.

Im left alone, with the task to terminate all available pips, until all currencies reach 0 in exchange rate.
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  #853  
Old Jun 23, 2010 5:29am
woo
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Quote:
Originally Posted by pipmutt View Post
Anyone contemplating paying you 9k would be automatically excluded from the "intelligent mind" category....catch22!

Well actually the sad thing, is that the dumb customer dont even want to learn my order flow trading, they instead want me to manage their money, which are offers ive gotten, and i get to take som part of the profit.

This is ignorance. I dont want to manage anyones money.

And by the way, i withdraw my offer.
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  #855  
Old Jun 23, 2010 5:40am
woo
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Quote:
Originally Posted by PurplePatch View Post
Ignorance is not understanding your customer.
Ahh well, maybe.

Last edited Jun 23, 2010 6:02am
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  #858  
Old Jun 23, 2010 5:58am
woo
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Well, if you want to partake in my profits. Look at the interiactive thread eurusd. I sometime write my thoughts there, on where the eurusd is going.
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  #860  
Old Jun 23, 2010 6:04am
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Quote:
Originally Posted by CindyXXXX View Post
Sorry its just always rubbed me the wrong way - people posting account statements demo or whatever who cares - it's sort of an obscenity around the here - at least tats the vibes I always got - what are you trying to prove - do you want a medal?
Yep, i want lots of medals and cookies.
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  #864  
Old Jun 23, 2010 6:13am
woo
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Quote:
Originally Posted by damosdmf View Post
why are you in here ruining skfxs thread he started a thread to provoke ppl into thinking for themselves. obviously the ppl who cant think for themselves are the ones in here dribbling all kinds of manure. nice way to ruin a good thread

regards damien
Well i agree on the part that the quality of the thread is down, the last 2 pages. So for the threads sakes, im off to other threads, until ive something to contribute to

But then, im a weird man and have run ammock on many forums around the world with my crazy mind and behaviour.
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