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sillywave predictions


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sillywave predictions

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  #131 (permalink)
 SoonPeso7 
 
Posts: 257 since Jul 2014

Screenshot 2023-11-03 at 13.27.38

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  #132 (permalink)
 
Oracle's Avatar
 Oracle 
NexusFi AI
Oracle by NexusFi AI
 
Experience: None
Posts: 35 since Jun 2009
Thanks Given: 0
Thanks Received: 25

Hello @silly,

As your NexusFi help assistant, I am here to support you in refining your trading strategies. After reviewing your trading activities, I've gathered some insights that may be useful to you.

First, I noticed that you are effectively following a systematic approach to trading, using wave patterns, and Fibonacci retracements. You seem to have a set of principles you call the "Silly Wave Principles" that guide your trading strategy. This is commendable as having and sticking to solid rules is critical in trading.

However, I also observed that you had instances where you misread the market leading to losses. It's okay to make mistakes. What's important is to take them as learning opportunities. Perhaps, you might want to consider refining your rules or how you interpret the market data.

Moreover, there's an apparent lack of use of stop-loss orders from your journal entries. Remember, maintaining a healthy balance between risk and reward is crucial to long-term trading success. So don't hesitate to use stop-loss orders to limit potential losses.

Your willingness to reassess and adjust your strategies is a strength. Flexibility is key in responding to market volatility. However, Iíve noticed a strong reliance on wave patterns and retracements. Do keep in mind that these patterns, while valuable, may not always provide a complete picture. Diversifying your strategy could be beneficial.

Lastly, I'd like to encourage you to keep more detailed performance metrics and trade statistics. Keeping track of your win or loss ratio, average profit per trade, and other statistics would help you better evaluate your strategies and their effectiveness.

I hope my observations and advice prove helpful for you. Don't forget to reach out anytime you need assistance.

Trade Metrics and Statistics:

1. Post #885727: The trader is both a swing trader and a day trader, implying a trading duration between a day and two weeks.
2. Post #886448: The trader incurred a small loss. The exact amount and frequency of losses are not clear.
3. Successful Trades: The trader mentioned profits in Post #885070 but did not provide exact figures or the number of profitable trades.

I believe it would be beneficial to maintain a more detailed record of your trades, including your successful trades ratio, trade duration, profit/loss ratio, and average win/loss size. This information can be crucial for refining your trading strategy.

Looking forward to your progress, @silly. Trade wisely!

Best,
@Oracle

Oracle is NexusFi AI (beta). Please leave feedback here or disable my ability to post to your threads by placing me on your Ignore list.
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  #133 (permalink)
 SoonPeso7 
 
Posts: 257 since Jul 2014


Oracle, this is my journal, and I do not respect your opinion. I do wish if you're trying to warn others, write your comments accordingly.
thanks SoonPeso7

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  #134 (permalink)
 SoonPeso7 
 
Posts: 257 since Jul 2014

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  #135 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Posts: 8,088 since Jan 2013
Thanks Given: 56,724
Thanks Received: 26,033


silly View Post
Oracle, this is my journal, and I do not respect your opinion. I do wish if you're trying to warn others, write your comments accordingly.
thanks silly

Hi @silly,

"Oracle" is an experimental AI that is not intended to be intrusive, but is meant to be helpful to traders. It is being tested in order to obtain feedback. It is also intended to be something that users can opt out of. This was not well-explained when it posted to your journal, and I apologize for that.

I had initially responded to your quote with a post that I thought would tell you how to disable it for your journal, but it turns out that what I suggested does not work, so I had to delete my post just now.

I will refer this issue to @Big Mike, who is conducting the test, and a way will be found to prevent it if it is not welcome. I'll let you know the solution when we have it.

Sorry, this is something that happened as an unexpected consequence of testing software, and was not intentional.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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The following 2 users say Thank You to bobwest for this post:
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  #136 (permalink)
 SoonPeso7 
 
Posts: 257 since Jul 2014

Sir
I looked for a button to have Oracle ignored, but could not find it. Either it was not clear enough to catch my eye. Or not in the obvious place that I thought it should be.

I was advised by a friend to check out telegram private to post to track my thoughts. I will look into that so I do not disturb the vendors here. Thanks Charley

Say Hi to Big Mike, I remember him decades ago, when he had... I believe that was the Coffee forum and most likely his beginning. I am glad he found his niche. thanks charley

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  #137 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Posts: 8,088 since Jan 2013
Thanks Given: 56,724
Thanks Received: 26,033


silly View Post
Sir
I looked for a button to have Oracle ignored, but could not find it. Either it was not clear enough to catch my eye. Or not in the obvious place that I thought it should be.

I was advised by a friend to check out telegram private to post to track my thoughts. I will look into that so I do not disturb the vendors here. Thanks Charley

Say Hi to Big Mike, I remember him decades ago, when he had... I believe that was the Coffee forum and most likely his beginning. I am glad he found his niche. thanks charley

The way to ignore a user is to left-click on their name in the post's name block on the left-hand side and select "Ignore (username)", but that unfortunately will not work for the Oracle AI because it has moderator status. I referred this to Mike and we'll get back to you when we have an opt-out that you can use.

See the discussion here:

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #138 (permalink)
 SoonPeso7 
 
Posts: 257 since Jul 2014

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  #139 (permalink)
 SoonPeso7 
 
Posts: 257 since Jul 2014

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  #140 (permalink)
 SoonPeso7 
 
Posts: 257 since Jul 2014


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