Discussion of article "Interview with Dr. Alexander Elder: "I want to be a psychiatrist in the market"" - page 5

New comment
 
Urain:

Thanks to Alexander Elder for the interview (although more thanks probably to the organisers of this event).

A lot of what you have posted echoes my thoughts, some things I haven't got to yet, but in general, when you see that such sharks think like you do, it gives you confidence in the right direction you are going.


What did you particularly like, mate?
 
Mischek:
What did you particularly like, colleague?
SafeZone is designed to calculate levels for setting Stop Loss orders. If you place a Stop-Loss far away, there is no protection, and if you place it very close, you will catch market noise. If the average exit outside the previous bar, for example, is 5 cents, and a trader places a stop 3 cents below the previous low point, he is just asking for trouble, because he places his stop in the zone of absolutely normal volatility. SafeZone shows where the zone of normal noise ends, i.e. it shows the boundary, within which you should not put your stop, you should put it a little further. Naturally, it all turns out to be tied to the problem of risk management. The closer the stop is, the more we can take a position. Suppose a person says "I will risk $500 on this trade". Let's say he buys a stock and his protective stop is 50 cents away from the entry price - so he can buy 1000 shares. If he places his protective stop a dollar away from the price, then he can only buy 500 shares. Thus, setting a protective stop is very much related to controlling risk.
Chandelier. The Chandelier indicator is not mine, it is an indicator of my friend Chuck LeBeau, he says that when buying a stock, the stop should hang below it like a chandelier from the ceiling. This indicator measures the distance from the highest point reached during the trend. It allows you to place a stop at a certain distance from the highest point, so that the stop is constantly moving behind the highest point reached during the trend.

SafeZone implements the idea of MM dependence on the proximity of the stop to the market.

Chandelier is one and the same my idea that the trawl should move only after the highest emissions that change the crowd's perception of the situation. As they say, ideas are in the air.

These are the most vivid examples that I liked, but in general, everything that is described should be seriously studied, so to speak, to pass through your vision.

 
Urain:


These are the most vivid examples that I liked, but in general, everything that is described should be seriously studied, so to speak, to pass through your vision.

I'll have the end of this one.

As of yesterday it's on our website. We now have a new system - no need to wait for the delivery of the disc, a person can download it and immediately start using it. We can give you a discount, of course. We will create a coupon that will give your readers a 20% discount (Note the coupon code "MQL5").

You can feel the real concern of a trading shark for our humble community. I was very, very touched.

 
Urain:


Nikolay, will you order Alexander's book with or without an autograph? Now there is an opportunity to order with an autograph. Alexander signs books with pleasure.

On your site there is an opportunity to buy your books. Is it possible to order them with an autograph?
Yes, of course, I sign my books with pleasure. We even have a button "Order with an autograph", I sign my books with pleasure.

 
Mischek: I was very, very touched.

Stop bitching :) sharks need diversification too :)

________________________

Thanks a lot for the interview, read it with interest.

 
TheXpert:
Stop laughing :) sharks need diversification too :)
Andrei, shame on you.
 
TheXpert:

Stop bitching :) sharks need diversification too :)

________________________

But thank you very much for the interview, I read it with interest.

And you, colleague, what did you like?

Will you be ordering something?

 
TheXpert:
I will :) . After the opening of the skiing season, I will order you, my dear, to attach the inscription "$pike" on the jacket :) .

You have promised me so much already, colleague, better order me a book with his autograph from Alexander. I'm having trouble with money right now.

Well, roughly speaking, there is no money. And I need this book ..., well, in general, very much.

 

In general, this banter is like giggling in the back of the classroom at a geography teacher who has an original spear of a primitive Amazonian tribe (which was given to him personally by the chief), and giggling in his absence.

I am not a great fan of Elder, but since the man shared his thoughts, it makes sense to at least delve into what he wrote there.

Regarding advertising, well, it is natural that in the interview Elder did not forget about his business, marginal trading is a risky business, trading in ideas is quite a permanent, low-risk thing. Having a low-risk permanent income, you can afford to risk in another full. Learn.

 
Urain:

In general, this banter is like giggling at the back of desks, over a geography teacher who has an original spear of the primitive Amazonian tribe (which was given to him personally by the chief), and giggling in his absence.


Spear, tribe, chief or teacher? It's not clear, colleague.

And the comparison of Alexander with a tribal chief seems to me not very correct from your side.

12345678
New comment