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has anyone EVER seen a successful trader/trading system?

  • #641
  • Oct 12, 2019 5:37pm Oct 12, 2019 5:37pm
Quoting Viktory
{quote} (especially "market making style" with Futures)
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? Thnx
If you can't measure it, you can't improve it!
  • #642
  • Oct 12, 2019 5:41pm Oct 12, 2019 5:41pm
Quoting Viktory
{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...
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?
  • #643
  • Oct 12, 2019 5:47pm Oct 12, 2019 5:47pm
Quoting josephcom
What conclusion would you come to?

I like unorthodox approaches in trading. Seriously.
Just put two of your lines on the chart.
And wait for the rate to get there one day in the future?
Do it for all pairs, so you can keep yourself busy with trading...
Let us know how it went?
Maadik Hugiis. IQ 69.
  • #644
  • Oct 12, 2019 5:54pm Oct 12, 2019 5:54pm
Quoting josephcom
{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? Thnx
That's something I don't do but know for sure it exists...

And futures are not necessarily "better" (offer much less liquidity and require a higher [more expensive] "entry barrier"); but are regulated markets, therefore less manipulated (not exempt), with much more reliable/complete volume information, better trading platforms and superior analysis tools... So you can guess the rest.
  • #645
  • Oct 12, 2019 5:57pm Oct 12, 2019 5:57pm
Quoting Pip-Miner
{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?
That's why I said: "it can be a way to sometimes profit a bit"...

And here you have the answers for it:

Quoting alphaomega
{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....
Quoting alphaomega
{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.
  • #646
  • Oct 12, 2019 6:02pm Oct 12, 2019 6:02pm
Quoting Viktory
{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}
Great so now the discussion becomes there are successful traders and systems. If your not profitable you can be..
  • #647
  • Oct 12, 2019 6:05pm Oct 12, 2019 6:05pm
Quoting Viktory
{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...
bigger does not mean they are smarter , money managers and hedge funds work on a longer term view with shares for instance and a lot fail to see the tops thats why some lost $200,000,000 a while ago you see greed gets in on little traders or big traders not taking profits when the high or low signaling a turning in the market , its a common problem for traders their eyes bulge the mouth breathing heavy saying more i want more yes more more and in a instant before they can get there emotions in check a spike reversal happens and its all gone , many instances where news report traders who lost billions for company who could not get out of trades because there waiting for it to turn getting more going against a trend , we could go on about it but greed does play a big part in trades killing accounts of course the biggest reason is not even learning the basic,s , i was on a thread Friday after gold went down and was shaking my head at a new trader bought it to go up at a top well thats why a large part go broke with out learning first
people leave, but this thread will go on for ever
  • #648
  • Oct 12, 2019 6:05pm Oct 12, 2019 6:05pm
Quoting josephcom
{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.
  • #649
  • Oct 12, 2019 6:58pm Oct 12, 2019 6:58pm
Quoting josephcom
Another 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...
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, Karl Popper...you name it...
A way too easy you are using a term which is not so easy to use.
Lines on your chart are not random, rather they are your "intentional act", no matter are your eyes closed or not. Closed eyes are neither "sufficient nor necessary reason" to call those lines "random".
This is what you are completely missing....

You don't believe there are successful traders in forex.
I don't believe you and your saying.
Period.
What the difference there between? In our "beliefs" or something else?
You don't believe because you saw no any proof.
I never was in capitol city of Mongolia, but still I believe it exists.
We can learn from experience but also there are some other ways of learning things.
What will happen if you jump from top of Empire State Building? What is probability that one will survive this jump?
Why we are not jumping from there? Because we "know" that we are going to die for sure. How we know that? From our experience. No, it is not "experience" who is our source of knowledge in this case. Think about how we know that? And try to grasp a "randomness" a bit more in their all traps and meanings...
  • #650
  • Oct 12, 2019 7:33pm Oct 12, 2019 7:33pm
Quoting 7thTorch
{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,...
But we're not talking about "philosophy" here...
  • #651
  • Oct 12, 2019 7:38pm Oct 12, 2019 7:38pm
its 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.
  • #652
  • Oct 12, 2019 7:46pm Oct 12, 2019 7:46pm
Quoting Cools81
its 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.
good one
  • #653
  • Oct 12, 2019 7:54pm Oct 12, 2019 7:54pm
Garth 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 knowledge and meet-up with others.

I have no words for the below but a lot thoughts:
I have tested hundreds of different strategies (both maniacal and manual).
*
I know all the possible answers that you or other members may come up with:
1. Maybe you're not capable of trading. It's YOU who's caused the problem.
2. Trading is an art. You can't measure it with computer programs.
3. You're just another loser looking to find excuses.
4. I've seen millions of successful strategies on the Internet.
5. This is not the right forum to discuss it. Go somewhere else.
  • #654
  • Oct 12, 2019 8:10pm Oct 12, 2019 8:10pm
Draw 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 big sr levels and hasnt had a loss in 15 years.

It takes some learnings and getting the right settings but yes you can make money. You have the wrong settings for macd rsi and bbands. give yourself time to figure them out.
  • #655
  • Oct 12, 2019 8:22pm Oct 12, 2019 8:22pm
Quoting Zar-fxball
Garth 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...
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.
  • #656
  • Oct 12, 2019 8:28pm Oct 12, 2019 8:28pm
Quoting Cools81
Draw 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...
Lel, guys... please, that's enough.

Quoting Zar-fxball
Garth 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...
I really hope that's also joke. Traders Corner is clearly a scam that looks so lame...
  • #657
  • Oct 12, 2019 8:41pm Oct 12, 2019 8:41pm
Quoting Viktory
{quote} Lel, guys... please, that's enough. {quote} I really hope that's also joke.
Unfortunately I think the other guy is serious.

Ive already had messages asking for settings
Now I feel bad for joking around.
To be VERY clear I was joking.
Beinng a successful trader requires great knowledge. Price Action is only 1 of about 6 or 7 areas you need to be an expert in. And using rsi and all these lagging rubbish is not being an expert.
If you want to gamble go to a casino. youll have better odds there than trading markets without any education
  • #658
  • Oct 12, 2019 8:43pm Oct 12, 2019 8:43pm
Quoting Cools81
{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.
Definitely I do, if his been able to run the programme for 10 years without a single loss, and being able to give such returns YoY.
  • #659
  • Oct 12, 2019 11:59pm Oct 12, 2019 11:59pm
Quoting 7thTorch
{quote} What is randomness Joseph?
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 it makes sense to try and find a pattern inside that series to predict the next move?

Of course not. Why? Because, like I said, each move is INDEPENDENT of its previous history.

Now, if you connect those 1s and 0s to form a chart, you can still see support/resistant areas, you can see range/trend in it, you can calculate its RSI, etc. But none of these changes the fact that each move is INDEPENDENT of its previous history.

This is what we call RANDOMNESS.
If you can't measure it, you can't improve it!
  • #660
  • Edited 9:23pm Oct 13, 2019 12:38am | Edited 9:23pm
Quoting josephcom
{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...
Yes, between strong movements and long term direction, caused BY macroeconomic fundamental reasons and big aggregate supply/demand, everything else is just "random noise" in which the "manipulation game" usually takes part.

EDIT: added the missing word "BY" between "caused" and "macroeconomic"...
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