Beliefs about the market | Forex Factory

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Beliefs about the market

  • #1
  • First Post: Edited Jul 31, 2017 2:06am Jul 30, 2017 7:51am | Edited Jul 31, 2017 2:06am
Hey!



I would like to know your five strongest beliefs about the market. What is the market for you?



And I would also like to know your beliefs about yourself. Share your top three beliefs of your strenghts and weaknesses.



Answer the following questions as well.

- What is the purpose of life to you?
- How would your ideal life look like?
- If you could be an animal for one day, which one would it be?
  • #2
  • Jul 30, 2017 8:45am Jul 30, 2017 8:45am
Random walk, Levi flight. I see the market consolidate and the expand. The market is positively skewed, which means it goes further than we think, and less consolidating.
Adding to your winners and cut you losses.
  • #3
  • Jul 30, 2017 2:17pm Jul 30, 2017 2:17pm
Quoting Wachturm
Hey! I would like to know your five strongest believes about the market. What is the market for you? And I would also like to know your believes about yourself. Share your top three believes of your strenghts and weaknesses. Answer the following questions as well. - What is the purpose of life to you? - How would your ideal life look like? - If you could be an animal for one day, which one would it be?

the market is bla bla bla

- What is the purpose of life to you?

peace

- How would your ideal life look like?

lots of peace

- If you could be an animal for one day, which one would it be?

myself
  • #4
  • Jul 30, 2017 10:46pm Jul 30, 2017 10:46pm
The market is earning palace for me. The other questions I do not want o answer them.
  • #5
  • Jul 31, 2017 1:15am Jul 31, 2017 1:15am
It is the most trendy gambling spot on the internet as of 2017.
  • #6
  • Jul 31, 2017 12:19pm Jul 31, 2017 12:19pm
Quoting Wachturm
Hey! I would like to know your five strongest beliefs about the market. What is the market for you? And I would also like to know your beliefs about yourself. Share your top three beliefs of your strenghts and weaknesses. Answer the following questions as well. -
Quote
What is the purpose of life to you?
- How would your ideal life look like?
Seems like someone is working with the LOA
I like it, I hold stuff like this to myself

Quote
- If you could be an animal for one day, which one would it be?
[/quote]
Hummingbird

PS:
Beste gruesse nach Deutschland!
  • #7
  • Jul 31, 2017 1:17pm Jul 31, 2017 1:17pm
Markets are largely random, but there are some points in time when they are predictable and will undergo "flight of levy" i.e breakouts and trends. If you were to generate random numbers and apply the right formula, you end up with charts that look just like the real thing. S/R, trends, all of it. The only reason we can make any money trading them is because they tend to have a bias in some general direction, and this bias is created primarily by people's expectations, which in turn are created by economic circumstances, interest rate decisions, or short term technical factors, etc.

In the end, I view them with a strong degree of nihilism (belief in nothing) - nothing in particular really works, but yet somehow there are things that just do.
Better to run, than curse the road
  • #8
  • Edited 2:42pm Jul 31, 2017 1:34pm | Edited 2:42pm
most market participants are speculators... that's why breakouts work.

price has to reach that damn line (aka stop hunting)... which generates trend..

so I would definitely say: markets are never random.
  • #9
  • Jul 31, 2017 1:50pm Jul 31, 2017 1:50pm
One of the greatest beliefs is the risk/reward ratio.
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Another one is Stop Loss.
The funniest, is that nobody takes me seriously.
  • #10
  • Jul 31, 2017 1:56pm Jul 31, 2017 1:56pm
Quoting Wachturm
Hey! I would like to know your five strongest beliefs about the market. What is the market for you? And I would also like to know your beliefs about yourself. Share your top three beliefs of your strenghts and weaknesses. Answer the following questions as well. - What is the purpose of life to you? - How would your ideal life look like? - If you could be an animal for one day, which one would it be?
beliefs about the market:
1. fuck the other market participants
2. seriously, fuck the other traders
3. the market is always right
4. the market is out to fuck your mind inside out
5. market is random in absence of the right information

beliefs about myself:
1. i hate other traders
2. i really do hate other traders
3. i don't like discussing trading or the market with anybody
4. i like to compete
5. i hate to lose

top 3 strengths:
1. i am resilient
2. i am self motivated
3. i am smart

top 3 weaknesses:
1. i am impatient
2. i procrastinate
3. i get pissed off easily when I'm driving

purpose of life:
making sure i feed others...if i do this, everything else will fall into place

ideal life:
debt free, somewhat poor, and among family members

animal for one day:
a bird, any bird..i just want to fly and look down on things.
  • #11
  • Edited 2:45pm Jul 31, 2017 2:03pm | Edited 2:45pm
Market is very complex, and a lot of input can't be known to the traders. But I think there are patterns, but these patterns aren't trivial. I want to find some pattern which are persistent enough.

do interesting things
doing interesting things and having a lot of money to do interesting things
every day a new one, but first: ant, very different viewpoint, flying ant
Only my scepticism keep me from being an atheist. Be sceptic ever.
  • #12
  • Jul 31, 2017 3:27pm Jul 31, 2017 3:27pm
Beliefs:

  1. Price movements in the market are the direct result of orders placed therein by people acting on there beliefs.
  2. The resulting flow of orders will create on one of two general conditions - balance or imbalance.
  3. These two conditions create price patterns that are district from one another and are readily recognizable in real time.
  4. Each condition will ALWAYS be preceded by and end with the other.
  5. Recognizing and anticipating a change in the order flow can and will produce consistent and repeatable opportunities to profit.

Those are my beliefs about the markets. All the other questions are irrelevant to trading and esoteric nonsense fit only for psych 101 classes. I'm not taking a college course here... I'm running a business.

@xxxx§|[::::::::::::::::>
  • #13
  • Edited 12:29pm Aug 1, 2017 7:07am | Edited 12:29pm
Thank you all for contributing! The purpose of this thread was to start an inner process of especially new traders - "know thyself". Like Tharp said, "you dont trade the market, you trade your beliefs about the market". I think its important to know your inner and outer objectives and your strenghts and weaknesses. You dont have to share them with the community, but I want to encourage you to work on it on your own.

Here are mine...

The market is
- always right
- my Boss
- trending or ranging
- strong or weak
- a consumption of beliefs

Strenghts
- problem solving
- creativity
- discipline

Weaknesses
- smoking
- sleeping to long
- patience

Purpose of Life to me
- I dont know. I like to see people having fun. I like to see them smile.

Ideal Life
- having an UFO

Animal for one day
- Great white shark
  • #14
  • Aug 1, 2017 10:20am Aug 1, 2017 10:20am
Beliefs of the market:

1) Banks are the middleman
2) People need foreign currency
3) Central banks play a larger roll in the markets, then what they realize themselves
4) The market moves in waves
5) Supply and Demand plays a factor

Strengths:

1) Persistent
2) I believe I can fly
3) Creative

Weakness:

1) Discipline - " Their is only one sort of discipline, perfect discipline"

Purpose of life: Finding away to maximize my brains dopamine level!

Ideal life: Do whatever the fuck I want!

Animal for a day: Bonobos, sex, sex everywhere!
Learn, a forex trader must, unlearn and relearn he will.
  • #15
  • Aug 1, 2017 12:05pm Aug 1, 2017 12:05pm
Quoting hilmy83
{quote}the market is out to fuck your mind inside out ; i get pissed off easily when I'm driving ; animal for one day: a bird, any bird..i just want to fly and look down on things.
  • #16
  • Aug 1, 2017 2:38pm Aug 1, 2017 2:38pm
I love this market honestly, even though I lost more from here but never gave up. But true fact , I don’t believe the markets movements because there is nobody who can calculate the real faction of this market with certainly.
  • #17
  • Last Post: Aug 3, 2017 7:05am Aug 3, 2017 7:05am
Quoting JamesFaulkn
I love this market honestly, even though ....
Change the word market with woman.

When you fall in love, you fall in love with your own emotions. You dont see things how they really are. You fall in love with a promise, that this person will make you happy. You will be very dissapointed after a while. You love her, you hate her. You then need to find a place within yourself where you can accept the positive and the negative. Otherwise she will be gone....
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