The Only Limit, is the One that you Set Yourself - Felix Baumgartner
An Edge for an Edge (System Development) 113 replies
Does an EA license Give You the Right to Give Signals? 2 replies
Give me premise or give me death.... 15 replies
"You cannot make money (in the long run) from a price chart alone" 32 replies
Disliked{quote} I agree. Because no one aspect of trading will, in itself, give you an edge. Edges come only with patience, discipline, statistics, probability, education, experience and practice (there are no productive short-cuts).Ignored
Disliked{quote} you claim future is predictable and to support this all you can come up with is historic event? Incredible!Ignored
Disliked{quote} Let me be clear. The price action that followed the gbp announcement fit the structure of the gbp crosses, and as predictable patterns emerged this morning, the follow on price action followed. The fa was not random, the PA matched structure per expectations being met by the fa, and patterns developed that proved the market movers were trading the market in typical form. That's why I traded gbp crosses today. Now, here's a prediction for you. Tomorrow is NFP in the US at 8:30 am NY time. I will trade any currency pair where the fa matches...Ignored
Disliked{quote} Let me be clear. The price action that followed the gbp announcement fit the structure of the gbp crosses, and as predictable patterns emerged this morning, the follow on price action followed. The fa was not random, the PA matched structure per expectations being met by the fa, and patterns developed that proved the market movers were trading the market in typical form. That's why I traded gbp crosses today.Ignored
Disliked{quote}Now, here's a prediction for you. Tomorrow is NFP in the US at 8:30 am NY time. I will trade any currency pair where the fa matches structure, and as typical patterns develop. Since NFP typically sucks as a trading opportunity, I anticipate very few trades tomorrow. But anywhere that PA subsequent to the fa, that matches my analysis of market structure, is where I will trade. As I write this, it occurs to me that if you don't understand structure, everything in the market seems random, because you don't understand what's going on, in which...Ignored
Disliked{quote} Don't bother....this debate will continue forever. Academics and economists have been arguing for random walk and efficient market hypothesis for decades......it's the same old BS....it always starts the same way. Someone comes up with elegant theory, and invents 100 pages of math to support it and to prove...... While I respect all opinions, it is obvious that some people are too lost in their own mathematical complications. Smart people often invent problems where there are none. In the meantime the "ignorant" traders who just trust what...Ignored
Disliked{quote} i apologize, but this is nothing but than a usual mumbo-jambo. anybody who claim they can predict the market does the same thing: show something from past and say how well it worked out. but they immediately forget the things that did not work out, which usually happens more often. {quote} i am not seeing any predictions? you are just saying that you will react to the news well, i understand the market structure a little but i will not claim that i can analyze it. here is the simplest illustration of the market structure: {image} it is...Ignored
Disliked{quote} I don't claim to predict the future...I claim the forex is not random. I claim that I use TA to trade in a non-random, highly manipulated and controlled forex market. There is a difference. And if you can't analyze market structure, you don't understand what it is or what's been happening (things are just randomly occurring, damn!). Market structure does not predict the future, either. It tells you what the market has been doing and why; and if it continues to roll along in the existing structure, where is the market is headed. By analyzing...Ignored
DislikedThought I'd step in here to be a mitigating factor to the BS that is spreading about the forex being a random market. Today, the calendar of FA clearly showed that the BofE was scheduled to make their announcements on interest rates and monetary policy at 6:00 AM CST. The subsequent PA in GBP crosses, and the predictable patterns that developed during as PA moved, were not random. Same can be said for PA that follows important FA, and the follow on PA as the market adjusts to previous PA, and so on. And like I stated in a previous post, we are not...Ignored
Disliked{quote} Don't bother....this debate will continue forever. Academics and economists have been arguing for random walk and efficient market hypothesis for decades......it's the same old BS....it always starts the same way. Someone comes up with elegant theory, and invents 100 pages of math to support it and to prove...... While I respect all opinions, it is obvious that some people are too lost in their own mathematical complications. Smart people often invent problems where there are none. In the meantime the "ignorant" traders who just trust what...Ignored
Disliked{quote} I never said i believed in EMH, i dont. I said 'random walk with levy flight' To be honest, i don't think my posts are complicated in any way and there are certainly no 'mathematical complications' lol. and yet you post a video on jim simons, who uses some of the most complicated maths known to man. I haven't watched the vid as i'm well aware of mr simons, in my opinion he is to mathematics what steven hawking is to theoretical physics. many traders don't know his math background and yet many math guys have no idea he's a hedge fund guy....Ignored
Disliked{quote} I never said i believed in EMH, i dont. I said 'random walk with levy flight' To be honest, i don't think my posts are complicated in any way and there are certainly no 'mathematical complications' lol. and yet you post a video on jim simons, who uses some of the most complicated maths known to man. I haven't watched the vid as i'm well aware of mr simons, in my opinion he is to mathematics what steven hawking is to theoretical physics. many traders don't know his math background and yet many math guys have no idea he's a hedge fund guy....Ignored
Disliked{quote} I seem to have hit a nerve. Your qouting me fundamentals, clearly there are no outside factors influencing a random chart, i thought this discussion was about TA To be honest my friend, I find it a tad arrogant, that your telling me i don't make money from trading. I'd like to think that after all these years i have a pretty decent understanding of 'market structure' or put another way the structure of randomness. Do you genuinely not see any similarities between the charts i've posted and your own charts in terms of movement and structure....Ignored
DislikedCongratulations, you've discovered the business cycle. You know, the one that's in every freshman econ textbook.Ignored
DislikedCongratulations, you've discovered the business cycle. You know, the one that's in every freshman econ textbook.Ignored