Finding the right spot for position opening positions

Solution for such a common problem as finding the right spot for position opening is fairly simple – a confirmation candle. The first candle always triggers the strategy or indicator’s signal that informs you how you should open position according to the strategy rules. You have to wait for this candle to end in order to know what you deal with.

This is where most of inexperienced traders make a mistake. They think how signal is activated; they open position just to see the candlestick to go in the opposite direction. So, the first step is to wait for candle to close. It is so-called alert candle which alerts you that strategy conditions are fulfilled. Then it’s necessary to wait for confirmation candle to confirm everything’s fine. This is when you open position.

Use candlesticks in all the strategies and always wait for the second one to confirm the good signal you are receiving. If the signal is fake don’t open position. You should always wait for the second confirmation candle regardless of whether you use support and resistance lines, channels, pivot points or applying rules of any other strategy.

When I say confirmation, what I mean is waiting for the second day, following the signal day, to prove the move.

In other words, if a sell signal is given, traders who wait for confirmation, would take the trade on the third day, after the signal was created (day one), only if the day following the signal (day two), the instrument in question, closed below the signal day’s low.

There are ‘Four Corners of Confirmation’ that must be addressed at this
point.

1. Waiting for confirmation takes patience…and can sometimes lead to missing a trade.

2. Missed money is always better than lost money. Even if waiting for confirmation means letting an opportunity slip by, it’s a whole lot better than jumping the gun into a losing trade.

3. Confirmation does not mean a trade is a sure thing. Pre-determined stops are vital to profitable trading and effective money management.

4. Even with confirmation, more work is required. Traders must take the time to research underlying fundamentals and news with every signal generated. Trading blindly on technicals is just plain stupid.

Here’s what it all really comes down to, waiting for confirmation can save you money and potentially increase your profitability. Why?

When a signal is ‘confirmed’, the market is saying Wall Street believes in the signal and a trend is likely to ensue.And that’s what it all really comes down to…knowing that a signal is more than volatility, something that happens all too often in today’s market.

I want to now take a moment to show you a chart where the ‘signal’ lied, and traders who jumped the gun, probably may be losing.

Signal called a Hammer. The signal is widely accepted as alluding to a pending reversal (the opposite of a Hammer bottom would be a Hangman top.)

Confirmation traders, however, would have never taken a position at all, and would most likely be very happy that they didn't, as of now. At the end of the day, waiting for confirmation is just good housekeeping, at least when trading from candlestick chart-derived signals.

Moving the blog onward....

I am going to move this blog along, Rather than Tech which is my main interest I am very interested in the Financial markets. 

I am going to attempt to make some YouTube videos about trading. 

If you are interested this is the first attempt. This tries to explain how to read the Candlestick Charts, Using Alert Candles and Confirmation Candles to spot an ongoing trend and how to find an entry point for a trade. 

https://www.youtube.com/watch?v=CHPK12_Qk0M

Two Quick Nmap Commands

This is a reminder for me more than anything else.

nmap -v -sV -iR 10000 -sU -p 23 | grep '^23.*open' -B3 | grep '^Nmap scan' | cut -d\( -f2 | cut -d\) -f1 > output.txt

nmap -v -sV -iR 10000 -sU -p 23|awk  '/(open)/{print $2}' RS="Nmap" FS="[)(]"

Try work our what they are doing....

Some Quick Cisco Stuff - Greylog2

So I plan on updating this with ALOT of Cisco stuff....Eventually. If this helps ANYONE out there I will be a happy man. 

For now this is a quick update.

I am configuring Greylog2, Here is the Cisco Config Commands to set it up to send to Greylog2 using syslog. Obviously I dont need to tell you to change the Server IP of your Greylog Server and the logging level. 

https://www.graylog2.org/resources/documentation/sending/syslog

conf t
service timestamps log datetime msec localtime
no logging message-counter syslog
logging origin-id hostname
logging facility syslog
logging <<<SERVER IP>>>
no service sequence-numbers
logging trap (emergencies/critical/errors/warnings/notifications/informational/debugging)
 

0
   

System unstable
   

LOG_EMERG

alerts
   

1
   

Immediate action needed
   

LOG_ALERT


   

2
   

Critical conditions
   

LOG_CRIT


   

3
   

Error conditions
   

LOG_ERR


   

4
   

Warning conditions
   

LOG_WARNING


   

5
   

Normal but significant condition
   

LOG_NOTICE


   

6
   

Informational messages only
   

LOG_INFO


   

7
   

Debugging messages
   

LOG_DEBUG

Ups and Downs

I cannot stress enough how important it is that we all recognize this pattern of ups and downs.

This is why:

During the 'downs' our negative thoughts grow larger and outweigh our positive thoughts. Once in this state our judgement becomes cloudy and we start to doubt ourselves.

It happens to all of us, including me. What is important is to spot this 'down' for what it is; a temporary depression and something we will soon be out of.

The problem I see, is a lot of guys don't spot it and make rash decisions in desperation, which can lead to bigger problems.

One solution to a 'down' period is to look back at your earlier posts and see how far you've come. Once you see the bigger picture, you also see the pattern and you see the 'down' for what it is.

It could be said that even a bad relationship is simply one of the knock-backs we all experience and that it is just as vital to experience these and learn from them as it is to experience other issues such as opening or isolating for example. It's just a shame they take so long and can cause so much pain when they end. I guess the bigger the mistake, the bigger the lesson.

The key is to learn from all of these mistakes to ensure that "each time you get a bit better".

Nevertheless, there is an equilibrium point, when you get an 85% result and throwing the dice again means you are much more likely to get a result lower than that.

The higher you aim, the harder you have to work to get there- it is exponential, not linear, because of the normal distribution.

Okay.

In layman's terms.

Say you are dating a 9 who is a doctor, driving a fast car, younger than you and knows how to ride a stripper pole.

What are your chances of dating another girl, more attractive (say 10) with > job, >car, > intellect and knows how to ride a stripper pole?

In this case, if your 9 isn't giving you lip or making problems, you should probably stick with a good thing while it's going. That is, if you are into monogamous relationships and looking to settle down,.

There comes a point where you burn time rolling the dice again looking for a "better deal" when you already have a fantastic deal in front of you. I think staying with a fantastic deal (even if there is better out there) is a good way to show gratitude to the universe and humility to yourself. You can get yourself killed by being too greedy, by forgetting to be grateful.

A word on "Value"

Value' as a concept is relative to each person. The 'value' of a woman (or a relationship with any person) is different for each person observing her. You look at a woman and you place some value on her. That value, if it could be quantified, would be different for every person.

A guy who is already in a happy relationship might not value her very highly because he isn't looking for a girlfriend. A guy who's been single for a long time and is actively looking for a relationship might value her more highly.

This is where the mindset of abundance comes in. If you have 10 girls who want to date you, are you going to be very bothered if one of them finds a different boyfriend and stops showing interest in you? Probably not.

However, if only one girl is interested in you and she finds someone else, it will have a greater negative effect on you.

Supply and demand.

So to answer your question succinctly, no there's nothing else you can do. Have more women in your life.

But to add in a bit more practical advice - my own experience is that if you're trying to meet all your women through cold approaches, it's tough to cultivate enough of them at any one time. I recommend that you build a 'home base' social group which has women in it. That way you'll always have a source of female company even if you haven't met too many girls at bars or whatever. Hunting and farming.

A Library For Survival Knowledge

The current world will not end in a bang like some 2014 maya pipe dream, killing computers overnight. What we have at hands right now is the ongoing process of choosing by inaction not to create enough ways to harvest renewable energy. As the fossils run out, we will see a gradual shift away from our current global industrial world.
Cheap mass shipping to the other side of the world will be among the first luxuries to go, meaning we will need to start to produce most of our goods locally again, starting from the basics and working up to more complicated ones. Which is where the library kicks in. If we reasonably manage our inheritance from the industrial era, we will have quite a stretch of time available while which we can rig up a some power to a computer to read and transcribe the library. I mean, many a slashdotter will be able to rip apart that electric car into some wind generators, batteries included.
Now we can plot a simple graph with two lines - one of us exhausting and repurposing our current goods and infrastructure until we run out, the other line being us rebuilding our civilization on renewable and sustainable production and goods. What is still undecided is how low the valley will go, and whether we hit such a critical low of development that we will never come back up again.
How well this will go depends on a few factors. First, practicing any technology needs a society able to feed specialists. This ability will decline sharply everywhere, because our current agriculture is 100% about converting oil into food - there is a real possibility that billions will die of hunger. Second, some countries like the USA and GB will have to start pretty much from the beginning, having destroyed their industrial base through corporate looting and offshoring. Contrast that with China or Germany with their massive industrial base which only needs to get the power back on. Third is of course the availability of raw materials, on which point do also note the lack of plastics in a post-oil world.
And if this was too easy, expect mass migrations caused by sea level rises, thirst and hunger and wars of every size and reason to complicate matters further. Only a state with can comfortably secure it's territory, food and resources with a reasonable surplus will have a chance to actually think about a rebound. At this point we can only hope there will be one.
Or we could get off our collective arses and actually do something about the future. I seriously doubt we will see an actual global push into renewable and sustainable, though. This would require effort, resilience and actual change, all of which are in a very short supply on this scale; furthermore, it would mean replacing our power structures, ideologies and economical systems, all of which are and will fight tooth and nail to survive. So it remains that the next best thing is for us to compile some kind of a library of survival knowledge...