If you can't measure it, you can't improve it!
- Joined Sep 2013 | Status: Member | 19,632 Posts | Online Now
IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
Successful Trading & Determining the Probability of a Trading System 10 replies
Has anyone ever seen this error message? 2 replies
SwissFXBroker (SFXB)--has anyone ever used them? 39 replies
Anyone ever seen a 'move to breakeven' script? 3 replies
New trading system hard to completely follow... anyone ever have this problem? 0 replies
Disliked{quote} Yes, it can be a way to sometimes profit a bit for the majority of people who can't trade profitable and sustainable (>95%), or can't access to the right hedge fund industry; all at "retail size" level/conditions. But even those "pro-traders/money-managers", tend to decay for the long term if they don't properly continuously adapt (and it eventually happens to most), while markets keep always changing...Ignored
Disliked{quote} Can you tell me a bit more about the term "market making style"? Also would you explain how "Futures" are different (or better) than spot markets? ThnxIgnored
Disliked{quote} If a company hires an employee who is not performing they can replace or terminate. The same approach applies. ZuluTrade is another platform and many others exist in the modern day of outsourcing skilled workers. If I had to run a trading business and wasn’t a top 5% World trader why trade?Ignored
Disliked{quote} You want proof? this is easy to find. But if you understand the math and the odds in Forex such proof is no longer necessary. But anyway... here is what you have to do to get your proof (besides math): 1. Simply go on all large social trading sites where the "best" traders post their trading accounts. Most of them sell signals and you can copy their trades for a small monthly fee. But it's not necessary..... to pay. 2. Find the top 20 traders in each site and take screenshots of their performance on a regular basis, every month....Ignored
Disliked{quote} Nope. You have to think deeper. Study more. These results are completely random and perfectly positioned within the standard model of the normal distribution. There is absolutely nothing extraordinary in their statistics. The top leaders are simply lucky outliers, and their success is only temporary and sooner or later their accounts will go to zero, unless they stop trading at some predetermined max drawdown level.Ignored
Disliked{quote} That's why I said: "it can be a way to sometimes profit a bit"... And here you have the answers for it: {quote} {quote}Ignored
Disliked{quote} Yes, it can be a way to sometimes profit a bit for the majority of people who can't trade profitable and sustainable (>95%), or can't access to the right hedge fund industry; all at "retail size" level/conditions. But even those "pro-traders/money-managers", tend to decay for the long term if they don't properly continuously adapt (and it eventually happens to most), while markets keep always changing...Ignored
Disliked{quote} Your short answer is the abstraction of all I need to explain to these people. Thnx Things would be funny if we could see a couple of past pages of that chart. He just sees the parts he likes most. It's like, for example "hammer" candle stick. When you see tops/buttons you can see a lot of them actually began with a hammer. However, what these people fail to see is "a lot of hammers" along the way.Ignored
DislikedAnother Experiment For Better Understanding Technical Analysis Fallacy Guys, I ask you to open your favourite charting tools (mine is Meta Trader) and place a horizontal line anywhere on your chart (preferably with your eyes closed! Yes, completely blindly). If you like you can place more than one line with some space between them. Then go back in the chart to see something interesting. Very often, you can see those random lines act as very good support & resistance. Sometimes it's so amazingly accurate that one would think there must be some sort...Ignored
Disliked{quote} Hi Joseph... I don't want to be rude, but you are fundamentally wrong about your comprehension of random things and randomness itself. The lines you draw on the chart, with your eyes closed, which you call a "random lines" are not random but "necessity lines". There we go... What is randomness Joseph? Randomness is a huge topic in history of mathematics and philosophy. Just read Plato, Aristotle, Heraclitus, Thomas Aquinas, I. Kant, I. Newton, Erwin Schroedinger, Einstein, John Locke, Chomsky, C.G. Jung, Wolfgang Pauli, Werner Heisenberg,...Ignored
Dislikedits all about the right macd and rsi settings. Get that right and things will fall into place. 1. macd 2. Fibs 3. Rsi if macd crosses and you at a 61.8 then look at rsi and if thats oversold or overbought THEN you have a 99% probability. targets important too. always go for the 161.8738 fib but be sure its a 2:1 risk reward and thats it. trading is that easy.Ignored
DislikedGarth McKenzie: Is one of the best successful traders I know which I highly! respect (He runs a trading TV show and gives the money to Charity every year at year-end) while at the same time teaching good principles of trading. His Channel(Traders Corner-5 years of history): https://www.youtube.com/playlist?lis...KnY47rZ0Rey6__ Does he sell anything: Yes, this due to people consistently wanting him to teach and he doesn't teach beginners from stretch mainly people who are already trading but need to supplement their...Ignored
DislikedDraw trendlines and simply buy and sell at the trendline and take profit at the other trendline. its very simple. bolinger bands never fail. They cant. Banks must keep price within standard deviations. So all you have to do is see uptrend or downtrend - draw trendlines but where people fail is not using bolinger bands. Bolinger bands will confirm which trendline to enter and exit at. Then for real masters of trading, like my mate John Goodsman from citibank he is a 25 year trading guru - he makes millions this way. He adds macd fibs and rsi to these...Ignored
DislikedGarth McKenzie: Is one of the best successful traders I know which I highly! respect (He runs a trading TV show and gives the money to Charity every year at year-end) while at the same time teaching good principles of trading. His Channel(Traders Corner-5 years of history): https://www.youtube.com/playlist?lis...KnY47rZ0Rey6__ Does he sell anything: Yes, this due to people consistently wanting him to teach and he doesn't teach beginners from stretch mainly people who are already trading but need to supplement their...Ignored
Disliked{quote} Lel, guys... please, that's enough. {quote} I really hope that's also joke.Ignored
Disliked{quote} You respect a bloke who buys top edge breakouts for no other reasoning, than its in an uptrend chanel? Wow. Id love to see your face if you ever saw real pro trading.Ignored
Disliked{quote} As I've explained in my previous posts, "Randomness" in this context is when each individual move has nothing to do with its previous move/moves. In other words, the probability of going 1 unit towards north is exactly equal to the probability of going 1 unit towards south. Let's take a look at the following series: 10001011001111110010110100111011101110000000010011000011001110110000111010111000100000111011111001 I flipped a coin. Each time it was "head" I showed it with a 0 and, on the other hand, I showed "tail" with a 1. Do you think...Ignored