gorx1

gorx1 Dec 23, 2022

It's easy to get a mili a year if you trade 100M account, that'll be 1% a year. A lil bit harder but still easy af to get a mili of you have 10M capital, that'll be 10% a year. That's how many of "skilled" and famous market participants earn dem money. You might say, "Wait, but that's really not a lot, markets can give much more for these capitals". Yes but given...

gorx1 Dec 23, 2022

Chart resolution and chart timeframes are the synonyms, true, but the difference between resolution based mindset and timeframe based mindset is huge. As it is in reality, pure charts are just tick charts that then get aggregated, mostly by time. So it's all the same data, just different amount in different detail. If you operate manually you free to scroll...

gorx1 Dec 23, 2022

There's only one trading strategy, one way to trade and +inf number of ways (most of them are senseless) to model it & play around it. How & why prices move is not a mathematical principle that can be explained with a set of logic. It's the set of logical principles that can be modeled with mathematics. These mathematical aka quantitative ways are numerous and...

gorx1 Dec 22, 2022

First of all, price charts are not price charts, at least, not exactly. There are always 2 prices: the price to buy (ask) and the price to sell (bid). Real price charts are actually the history of where BBO was located. If for some reason you'll wanna check that and you don't have the real data, the best you can do is to open a line chart based on close prices on...

gorx1 Dec 22, 2022

... of individual assets Is always a directional movement, never a range, mean-reversion or whatever you call it. It’s very easy to prove, you can divide every range by trends, but you can’t divide trends by ranges. Even with a help of some mental gymnastics and self-lies, by telling yourself, “I can divide this trend segment by several ranges one after...

gorx1 Dec 22, 2022

There's a semi-wide-spread snake oil "wisdom" in near-quant circles that you need to use log-charts/log-scale/log-transform all the time. No, you need to use it only when the range of the data been processed exceeds one order of magnitude (data maximum at least 10 times data minimum). Before dat, no-no! Please, don't stabilize the variance unless it'll asks you...

gorx1 Dec 21, 2022

This is the main method of locating the levels that is used everywhere, it's robust & general. Instead of using the actual volumes we infer volumes from prices, the prices that include all the information about everything, prices that consider all the correlated volume. I think many may know how to find these levels, these are simply pivot highs & lows (aka...

gorx1 Dec 21, 2022

A fully serious disclaimer from the beginning: every analysis based on volumes is very unstable and unreliable on most of the assets, hence this way of locating levels is very specific and should be used with care. It can be used if: 1) you trade an asset that concentrates most of the volume (+80%) of all its "correlees", maybe traded only on one exchange, doesn't...

gorx1 Dec 21, 2022

From where the levels originate & about the proper resolutions we'll discuss later. Soz again for the order xD, but I decided to do that in order to highlight 2 of the most important concepts most people seem to miss for centuries. A level can not be broken, switch direction or suddenly stop working. A level: 1) Can be positioned first as support / resistance; 2)...

gorx1 Dec 21, 2022

Intro So called "value" or fair price is like limits in math, can be infinitely approached but never reached. We can model it, anticipate it, imagine it , but it doesn't make it real. In double/dual auctions fair price is an idea. We can surely say that some prices are too cheap and too expensive, these are real levels that can proved with evidence. The only...

gorx1 Dec 21, 2022

Can't explain this 4 real until I explain how to properly locate levels & distinguish buying & selling waves. I KNOW I'M MESSING UP WITH ORDER OF INFO SUPPLY, SORRY. Still... Pretty soon you'll understand that 3393.52 and 2191.86 are the levels, and there's one buying wave between em. Point 1 is the wave start. Point 2 is the wave end. When 3393.52 get...

gorx1 Dec 20, 2022

Imaginary levels are used when there’s no alternative, but a decision has to be made. We need something to "snap" to. No, these are not the binary levels like 512, 8912 or 65536 that I'm sure a lot of funny people are hiding or present as super secret, lol no. When there's truly nothing else and just the empty medium, we take partition function, give her all the...