Trading Myths and Some Forex Math | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Twelve widely believed forex myths 121 replies

Forex Myths 29 replies

Ridiculous Trading Myths 323 replies

Dispelling Some Myths on Trading Practices 23 replies

Trading Myths 35 replies

Attachments: Trading Myths and Some Forex Math
Exit Attachments

Trading Myths and Some Forex Math

  • #61
  • Aug 28, 2018 6:57am Aug 28, 2018 6:57am
There are no absolutes in trading. Markets are random except when they are not.

Elliott Waves are present except when they are not.

And on and on.

Keep believing that the market only should do X and it will of course do Y ... yet wonder why you're not profitable long term.
  • #62
  • Aug 28, 2018 6:59am Aug 28, 2018 6:59am
bfx17,

AntiCre he asked, not said markets are random all the time.

And Supply and Demand are not myths, squiggly line moving averages (fav tool of noobs) most definitely are.
  • #63
  • Aug 28, 2018 8:08am Aug 28, 2018 8:08am
Quoting SunTrader
There are no absolutes in trading. Markets are random except when they are not. Elliott Waves are present except when they are not. And on and on. Keep believing that the market only should do X and it will of course do Y ... yet wonder why you're not profitable long term.
One’s failure to understand the market doesn’t mean they’re random. Likewise when your paradigm fails to explain the market it still doesn’t mean they’re random.
  • #64
  • Aug 28, 2018 8:31am Aug 28, 2018 8:31am
Quoting Winston Reed
{quote} One’s failure to understand the market doesn’t mean they’re random. Likewise when your paradigm fails to explain the market it still doesn’t mean they’re random.
Yes, I agree. Nevertheless, I've asked for hard facts (numbers/stats) and I haven't seen some so far ... Maybe you may show some?!
  • #65
  • Aug 28, 2018 10:30am Aug 28, 2018 10:30am
Trend (higher highs/lower lows) is a myth for me. For the last half of year I tried to get that edge everyone talks about from the trend. I coded zigzag movements from tick data. I tried everything I can think, starting of break of trend and trading in trend direction, trade the trend until reversal happens, etc. I ended up with zigzags in zigzags(2D zigzags) and found none edge in trend. Everything is equal. Trend has 2x more pips than reversals, but to get benefit from it, you should know exact (0-15% deviations from range should be ok) places, where trend retraces, ends and where reversal ends. I tried to quantify those zigzag ends, tried to get some patterns which occurs more in zigzag ends, then in zigzag middle. The conclusion is the same: everything is equal.
  • #66
  • Aug 28, 2018 10:54am Aug 28, 2018 10:54am
Pretty sure I will recieve lots of negative comments for this.
The biggest myth: Everything is in the price.
I look for value wherever it can be found
  • #67
  • Edited Aug 29, 2018 3:30am Aug 28, 2018 12:00pm | Edited Aug 29, 2018 3:30am
Quoting IenDzi
Trend (higher highs/lower lows) is a myth for me. For the last half of year I tried to get that edge everyone talks about from the trend. I coded zigzag movements from tick data. I tried everything I can think, starting of break of trend and trading in trend direction, trade the trend until reversal happens, etc. I ended up with zigzags in zigzags(2D zigzags) and found none edge in trend. Everything is equal. Trend has 2x more pips than reversals, but to get benefit from it, you should know exact (0-15% deviations from range should be ok) places,...
Sounds like you did almost the same than I did. I haven't found anything useful - neither in the speed the leg was built, its overall volume, retracements, etc.

Please feel free to post your resultshere ...
  • #68
  • Aug 28, 2018 12:57pm Aug 28, 2018 12:57pm
Quoting synicz
Pretty sure I will recieve lots of negative comments for this. The biggest myth: Everything is in the price.
I won't be negative but I will disagree with you. If not price then what are we trading?
  • #69
  • Aug 28, 2018 12:58pm Aug 28, 2018 12:58pm
Quoting AntiCre
{quote} Yes, I agree. Nevertheless, I've asked for hard facts (numbers/stats) and I haven't seen some so far ... Maybe you may show some?!
If this is your true objective then I'm sorry because you will never obtain that here in these forums. But good luck with it!
  • #70
  • Aug 28, 2018 1:08pm Aug 28, 2018 1:08pm
Quoting Winston Reed
{quote} If this is your true objective then I'm sorry because you will never obtain that here in these forums. But good luck with it!
I haven't asked for an/your edge or your equity curve. I ask if YOU or anyone else who claims that markets are non-random = predictable can prove it ...
  • #71
  • Aug 28, 2018 1:49pm Aug 28, 2018 1:49pm
Quoting AntiCre
{quote} I haven't asked for an/your edge or your equity curve. I ask if YOU or anyone else who claims that markets are non-random = predictable can prove it ...
My answer remains unchanged. Asking for proof of such is an unreasonable request when mere simple logic is all that is required.
  • #72
  • Aug 28, 2018 2:19pm Aug 28, 2018 2:19pm
Quoting Winston Reed
{quote} My answer remains unchanged. Asking for proof of such is an unreasonable request when mere simple logic is all that is required.

You have the word ...
  • #73
  • Aug 28, 2018 5:02pm Aug 28, 2018 5:02pm
If markets are predictible, why we dont have any TRADERS in Forbes top richest 10? I am pretty sure there would be at least one ;-). (If you think, that your trend line's, S&R zone's, MA's and other bullshhh.. can predict the price, then yes, it is predictible :-))) ) - it is not a prediction, it is just an opinion and your guess.

I would like to discuss, why people are saying that you need to have at least 10 000 chart hour's to become a profitable, to be in the market at least 7-10 years. Why is that?

What you will get after that time? Some kind of "AHA" moment, or what you will learn after that? Is it a rule?

And if you are agree with this years, hours, you can share what did you find out, after that time :-).

B
  • #74
  • Aug 28, 2018 6:08pm Aug 28, 2018 6:08pm
Quoting Badget01
...I would like to discuss, why people are saying that you need to have at least 10 000 chart hour's to become a profitable...
Trading is a probability business (like insurances). You need to develop skills, like in any profession. And this takes time and needs a lot of effort. We try to use science/math to debunk myths and to find usable patterns. But this has it's limits. If you would ask the girl in this video how she do this, what answer would you expect?
Inserted Video
  • #75
  • Aug 28, 2018 9:19pm Aug 28, 2018 9:19pm
Quoting Winston Reed
{quote} I won't be negative but I will disagree with you. If not price then what are we trading?
Sorry I dont quite understand what you mean. We are trading instruments. In this case, currencies.
The price is simply a point where market consensus agreed on a transaction. Aka there are buyers and sellers at that particular price and a transaction occured.
I look for value wherever it can be found
  • #76
  • Aug 28, 2018 9:33pm Aug 28, 2018 9:33pm
Quoting synicz
{quote} Sorry I dont quite understand what you mean. We are trading instruments. In this case, currencies. The price is simply a point where market consensus agreed on a transaction. Aka there are buyers and sellers at that particular price and a transaction occured.
Just for the sake of debate every instrument or asset class have a price except ignorance and stupidity which is very hard to pin a price on it. Even happiness comes with a price sometimes...hehe

Cheers
  • #77
  • Aug 28, 2018 9:48pm Aug 28, 2018 9:48pm
Quoting genghistar
{quote} Just for the sake of debate every instrument or asset class have a price except ignorance and stupidity which is very hard to pin a price on it. Even happiness comes with a price sometimes...hehe Cheers
Nuff said. Lets make live calls with 2:1 R:R!
I look for value wherever it can be found
  • #78
  • Aug 28, 2018 10:00pm Aug 28, 2018 10:00pm
Quoting synicz
{quote} Nuff said. Lets make live calls with 2:1 R:R!
You sure you want to do it and pls tell me how you wanna do it... 5 live calls or 10 live calls and what's at stake?
  • #79
  • Aug 28, 2018 10:02pm Aug 28, 2018 10:02pm
Quoting genghistar
{quote} You sure you want to do it and pls tell me how you wanna do it... 5 live calls or 10 live calls and what's at stake?
Just pulling your leg. Thats the first thing that pops into my mind when i see your name.
I look for value wherever it can be found
  • #80
  • Aug 28, 2018 10:04pm Aug 28, 2018 10:04pm
Quoting synicz
{quote} Just pulling your leg. Thats the first thing that pops into my mind when i see your name.
Shet. I tot I finally met my match... Hehe

Just for fun and if current EU crosses back up 11707 then I will make a solo live trade calls with RR 1:5.
1 trader viewing now