It might be a good idea to make it possible to set up pre-programmable alerts that tell you when, for example, the over-round or the wom ratio reaches a particular figure.
Jeff
Alerts
Jeff
You could do this with Excel..and play an audio sound when the condition is reached...
However, by the time you are notified and you can act, the condition will be gone. It is only there for a split second, because people like myself and others on here will be running bots monitoring conditions realtime..
Regards
Peter
You could do this with Excel..and play an audio sound when the condition is reached...
However, by the time you are notified and you can act, the condition will be gone. It is only there for a split second, because people like myself and others on here will be running bots monitoring conditions realtime..
Regards
Peter
Fair point Peter. 
BTW, what you wrote raises an interesting question. If lots of traders see the same thing simultaneously and jump to act on it, how does one gain an edge over the market?
Jeff
BTW, what you wrote raises an interesting question. If lots of traders see the same thing simultaneously and jump to act on it, how does one gain an edge over the market?
Jeff
PeterLe wrote:Jeff
You could do this with Excel..and play an audio sound when the condition is reached...
However, by the time you are notified and you can act, the condition will be gone. It is only there for a split second, because people like myself and others on here will be running bots monitoring conditions realtime..
Regards
Peter
...well you could anticipate that the market will be corrected!..so (and you will have to think about this rather than me telling you!)...think about how you may take adavantage?? 
Last edited by PeterLe on Mon Jan 03, 2011 9:17 am, edited 1 time in total.
Hmmm...
I'll have to think about that one! Can you give us a clue?
Jeff
I'll have to think about that one! Can you give us a clue?
Jeff
PeterLe wrote:
Last edited by Iron on Tue Jan 04, 2011 8:31 am, edited 1 time in total.
Perhaps!
It's a bit like chess, if you are like me, i can only think maybe three/fours moves ahead, but the better you become, the further you think ahead. A grand master maybe able to think 10 moves ahead?
(I just googled this last point out of interest and found the following statement:-
de Groot in 1965 had a psychological study made on the cognetive structure underlying the differences between skilled chess players and less skilled players in the thinking ahead process. He came to the conclusion that there was absolutely no difference between them concerning thinking ahead - but that the less-skilled players had shorter memory of the lay-out of chess-positions they'd seen only for some seconds. Interesting, no?
I included it as maybe trading and chess have some common ground in this respect...but thought that the reference to recognising patterns was very significant? Maybe the more you trade, the more patters you recognise?? I know I see more things now than I have ever done? (To pre empt your question Jeff "What have you recognised Peter?!"...too many to list here Jeff!!
Regards
Peter
It's a bit like chess, if you are like me, i can only think maybe three/fours moves ahead, but the better you become, the further you think ahead. A grand master maybe able to think 10 moves ahead?
(I just googled this last point out of interest and found the following statement:-
de Groot in 1965 had a psychological study made on the cognetive structure underlying the differences between skilled chess players and less skilled players in the thinking ahead process. He came to the conclusion that there was absolutely no difference between them concerning thinking ahead - but that the less-skilled players had shorter memory of the lay-out of chess-positions they'd seen only for some seconds. Interesting, no?
I included it as maybe trading and chess have some common ground in this respect...but thought that the reference to recognising patterns was very significant? Maybe the more you trade, the more patters you recognise?? I know I see more things now than I have ever done? (To pre empt your question Jeff "What have you recognised Peter?!"...too many to list here Jeff!!
Regards
Peter
An interesting analogy.PeterLe wrote:Perhaps!
It's a bit like chess
I would say that trading is closer to ping pong than chess. Like ping pong (and chess), trading at a high level requires you to be able to think quickly and clearly, and to spot patterns. But unlike chess, it doesn't usually involve a detailed cost-benefit analysis of your options. There isn't time for that; it's more 'See a pattern, and react to it'.
Before I read the answer to that rhetorical question, I thought you were going to write 'I could tell you, but I'd have to kill you!'.PeterLe wrote: I know I see more things now than I have ever done? (To pre empt your question Jeff "What have you recognised Peter?!"...too many to list here Jeff!!
BTW, if we ever meet at a Bet Angel social, remind me to challenge you to a game of chess!
Jeff
PS Just a further thought re. trading and intelligence.
I once read that, as a group, traders are in the top 10% of the population in terms of intelligence.
Yet most lose money consistently!
Discounting transaction costs, you'd expect someone to break even long-term by just trading randomly!
I would say that what's happening is that the traders' emotions are working against them. As are their intellects, if they are over-analyzing everything, or using their brains to find clever excuses for doing stupid things, like not closing a losing trade...
Jeff
I once read that, as a group, traders are in the top 10% of the population in terms of intelligence.
Yet most lose money consistently!
Discounting transaction costs, you'd expect someone to break even long-term by just trading randomly!
I would say that what's happening is that the traders' emotions are working against them. As are their intellects, if they are over-analyzing everything, or using their brains to find clever excuses for doing stupid things, like not closing a losing trade...
Jeff
Hi Misimiki
I must admit I don't know if there are any socials, although I do vaguely remember something about it on the forum.
It might not be viable, with people spread all over the continent and with there being racing 7 days a week.
However, as this is the suggestion forum, I'll say that I think a social would be worth considering!
Jeff
I must admit I don't know if there are any socials, although I do vaguely remember something about it on the forum.
It might not be viable, with people spread all over the continent and with there being racing 7 days a week.
However, as this is the suggestion forum, I'll say that I think a social would be worth considering!
Jeff
misimiki wrote:Bet Angel socials? Tell me more although sadly I live in Central Europe.
Interesting thread nevertheless.