DislikedThat's all based on past or current price. It's mumbo-jumbo. Show me proof that any of this stuff works. Anyone making money with this stuff is just lucky.Ignored
Cory
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DislikedThat's all based on past or current price. It's mumbo-jumbo. Show me proof that any of this stuff works. Anyone making money with this stuff is just lucky.Ignored
DislikedThat's all based on past or current price. It's mumbo-jumbo. Show me proof that any of this stuff works. Anyone making money with this stuff is just lucky.Ignored
DislikedWas just about to say the same thing. Ps.. seasonal patterns? Haha and he's talking about mumbo jumbo chart patterns. Classic.
CoryIgnored
DislikedHowever, a seasoned, successful trader who learned through the school of hard knocks might be able to incorporate some types of indicators.....but he probably wouldn't need to use them.Ignored
DislikedSure, few examples
RSI, TSI, bollinger band, cci, sma, zigzag indicator, macd ... All that is derived from the current and past price. No use in this crap.Ignored
DislikedWould you then believe that trading with this tool set is at least possible ??
Because this is what I do. I call it Technical Analysis.
So, does this sound at all logical ??Ignored
DislikedI dont know why you are calling correlations trading=technical analysis but if thats your terminology, fine.Ignored
DislikedI have proved to myself and others that priceaction craps all over that stuff.
Used correctly on every timeframe candles tell you EVERYTHING you need to know.Ignored
Dislikedtoday the GBP was weak and the CHF was strong, the GBP/CHF plunged, no edge just common sense that works every day. Also the GBP/CHF is trending. hate to kill the conversation with common sense.
forextrendsIgnored
DislikedHey forextrends, welcome to the thread! The /chf pairs have been great to me this week and last, hope you're making tons of pips with them, too. But don't tell Reres.. he'll say you're lying and couldn't ever determine/get into trends with TA.
Nice to see some common sense.
CoryIgnored
DislikedOk finally good question. I think i mentioned this few times but ill repeat to summarize.
-carry tradingIgnored
Disliked-statistical patterns (like which days are best for trending currencies)Ignored
Disliked-trading correlations (bonds, stocks, forex- they are all influenced by eachother)Ignored
DislikedThat's all based on past or current price. It's mumbo-jumbo. Show me proof that any of this stuff works. Anyone making money with this stuff is just lucky.Ignored
DislikedDo you know why prices of oil always go up during summer? I guess you dont but anyway thats an example of seasonal pattern. That has nothing to do with triple top and quadruple bottom hokus pokus. Still dont see the difference?Ignored
DislikedHowever im sure most people here, especially those calling me names are those that are trading only with lame indicators and dont want to hear that their system is just mumbo-jumbo. Thats narrow-mindedness.Ignored
DislikedCarry-trading works. Until a huge 13,000 pip correction wipes out all your profits, traders who carry-traded the GBP/JPY in 2007 know what I am talking about.Ignored
QuoteDislikedLong-Term Capital Management (LTCM) lost nearly 5 billions playing that game.
QuoteDislikedJake Bernstein used to sell the same idea to naive US traders via his infomercial during the 90's. He even said that he had 200 years of grain data to backup his claims.
QuoteDislikedI will tell you what the BEST day to trade is, skippy: NOW, if your system issues a buy/sell signal.
QuoteDislikedWe are not in the pit anymore.
QuoteDislikedYeah, good luck with that, when things stop correlating and get out of sync, even for a moment, say hello to margin calls.
QuoteDislikedIf you have a Ph.D. in engineering, mathematics, physics or statistics be my guest.
QuoteDislikedSay that again?
QuoteDislikedNow you are getting somewhere, even though short term trend following works too.
Dislikedbla bla bla....there is no point in any further discussion on what I believe gives me an edge (it's mumbo jumbo stuff anyway, right?).Ignored