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  • #2,421
  • Jul 25, 2021 4:16pm Jul 25, 2021 4:16pm
Quoting Techanalyst
{quote} You can learn fundamentals on your own. Search online, use websites like tradingeconomics.com to follow micro and macro analysis. You don't have to pay anything to anyone. ITPM does have youtube channel and just from that you can learn a lot. There are others I can provide if you are interested, and it is free.
Sure, name a few if you can, pls.

There is something that I can see on SP500 and Nasdaq and it is the extremely parabolic ascending move. For me it is a sign that a possible retracement may be in preparation. Markets are speculative and the supply will eventually be exhausted, requiring an accumulative program that precises a decrease in price. Supply understood as the selloff of the assets bought in the past that are now being sold as the indices rise.

What do you think about that? I mean, I studied Economy and have also a master in advanced statistics and artificial intelligence; but I ignore what I learned about the economy (really simple childish theories) because for me markets are more basic, driven by speculative interests and unaware of utility or any intrinsic value, past, present or future other than profitablity. I do not even believe in the macro or micro theories I studied at the college.
  • #2,422
  • Jul 25, 2021 5:19pm Jul 25, 2021 5:19pm
Quoting ryuryu
{quote} Market is the place there BUYERs and SELLERs meet each other. Match. Forex is fake. Because it is not a market. That's why your "supply and demand" is pure bullshit. Purest. Shining. Best probe shit. Totally unusable, nonsense. It was made for only one purpose - to liquidate dreamers, idiots and "i_wanna_get_rich_fast" newbies and get their money. To make a decision you must have data to analyze. Forex not providing such a data. There is nothing to discuss. You can draw as many rectangles on your chart as you wish. Read as many news as you...
I would suggest probability (data) portrayed visually can be just as powerful as number crunching data.
Some people study Math in the usual way, others require visual stimulus.
I agree mostly with what you have said, the market is fake, most definitely, but to suggest drawing rectangles with a winning percentage is luck I would disagree with you. Its just another way of interpreting data, visually rather than looking at numbers.
  • #2,423
  • Jul 25, 2021 6:14pm Jul 25, 2021 6:14pm
Quoting ryuryu
{quote} Market is the place there BUYERs and SELLERs meet each other. Match. Forex is fake. Because it is not a market. That's why your "supply and demand" is pure bullshit. Purest. Shining. Best probe shit. Totally unusable, nonsense. It was made for only one purpose - to liquidate dreamers, idiots and "i_wanna_get_rich_fast" newbies and get their money. To make a decision you must have data to analyze. Forex not providing such a data. There is nothing to discuss. You can draw as many rectangles on your chart as you wish. Read as many news as you...
At last learned something new - FOREX IS FAKE, there is no BUYER NOR SELLER.

But forex is filled with gamblers - some bet GBPUSD will go up while others bet it will go down.

As an inventor, Edison made 1,000 unsuccessful attempts at inventing the light bulb. When a reporter asked, "How did it feel to fail 1,000 times?" Edison replied, "I didn't fail 1,000 times. Maybe, I just need to draw 1 more rectangle. Maybe I need to just shift the FIBO 1 last time. Who knows?
  • #2,424
  • Jul 25, 2021 6:23pm Jul 25, 2021 6:23pm
Quoting scherzi
{quote} Sure, name a few if you can, pls. There is something that I can see on SP500 and Nasdaq and it is the extremely parabolic ascending move. For me it is a sign that a possible retracement may be in preparation. Markets are speculative and the supply will eventually be exhausted, requiring an accumulative program that precises a decrease in price. Supply understood as the selloff of the assets bought in the past that are now being sold as the indices rise. What do you think about that? I mean, I studied Economy and have also a master in advanced...
Youtube "trading180".
  • #2,425
  • Jul 25, 2021 8:24pm Jul 25, 2021 8:24pm
Quoting mixedbags
{quote} maybe something for you to look at price rating and value - THIS IS HOW YOU LOOK AT THE LEFT. The Shiller price-to-earnings ratio for the S&P 500 has been climbing right now. The previous four instances of it climbing resulted in the S&P 500 devalued 20%.
One more piece of very simple info, yes kids in my kindergartens do understand this concept -
Teacher: Children please use the CBOE VIX Index as indicator to determine the economic regime of risk-on or risk-off.
Kids: Yes, teacher.
Teacher: Children, there are 2 methods in using CBOE VIX Index to look out for risk-on or risk-off.
Kids: Yes, teacher.
Teacher: Method 1 - It is risk-off if CBOE VIX Index is 10% higher than its past 60-day average.
Kids: So simple, teacher.
Teacher: Method 2 - It is risk-off if CBOE VIX Index is less than 30% than its past 10-day average.
Kids: So simple, teacher.
Teacher: What are you going to do when it is risk-off?
Kids: We will ask our parents to sell our house and bet on US Treasuries.
  • #2,426
  • Jul 25, 2021 11:16pm Jul 25, 2021 11:16pm
Quoting mixedbags
{quote} maybe something for you to look at price rating and value - THIS IS HOW YOU LOOK AT THE LEFT. The Shiller price-to-earnings ratio for the S&P 500 has been climbing right now. The previous four instances of it climbing resulted in the S&P 500 devalued 20%.


Yeah, uuum, if you say so.
Real Trading is not gambling.
  • #2,427
  • Jul 25, 2021 11:29pm Jul 25, 2021 11:29pm
WOW ! There's a lot of mutton heads in this world.



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Real Trading is not gambling.
  • #2,428
  • Jul 26, 2021 12:39am Jul 26, 2021 12:39am
Quoting PeterCaleb
{quote} Do you kiss someone with those lips? So you enjoy thinking as a grotty degenerate then? Mmmm interesting. Remind me later to NEVER ask you to look after my children. On the other hand, do so. And watch as my eldest son take you by the scruff of your neck and show you what we do to people who "like" little children. He has 2 girls, so I can tell you he won't go easy on you. Anymore distasteful comments? Hopefully not.
Wait, what? Pardon me?
I'm sorry, but I was just pointing out two facts (not a nutty story out of your ass):

Fact 1. You have already called some members "lady".
Fact 2. You write posts with bigger letters than most members.

No need to say more...
Anyone here can make their own conclusions about that
  • #2,429
  • Jul 26, 2021 12:47am Jul 26, 2021 12:47am
Quoting BWilliam
Whatever the strategy, the trader still have devise a objectively quantified method to point out a mathematically dependent and biased event to give him the trading edge. The only way I know is to follow the math of the master algo. Look at the pic on your chart to see what happen in the future. {image}
I genuinely believe that everything your write would be much better without the "Master Algo" narrative.
  • #2,430
  • Jul 26, 2021 12:49am Jul 26, 2021 12:49am
All information presupposes the addressee.
There is no other type of information.
Anyone willing to invest millions in advertising is a bestseller you can do with a phone directory.
  • #2,431
  • Jul 26, 2021 12:53am Jul 26, 2021 12:53am
Quoting JauntyLoon
Your probability of making money trading a large U.S. index (or ETF that tracks it) has been shown to increase the longer you buy and hold it. So that, over ten years for instance, you will likely make an annual return of 10 - 15% on the S&P 500. Day trading does not even give you a 50% chance of making money, for reasons stated above. You're not just factoring in the probability of price going up or down. You also must account for fees, commission, risk:reward ratio (i.e. the price is going to go up and down over any given period, so your stop...
Well, yes. Bigger (or many small) steady wins actually take much more study/practice-work than just following an index or basket of assets, that regardless from when you started, it can always crash any year.

And of course, unfortunately (or fortunately for others), the "educational trading industry" is a BIG lie/trap.
  • #2,432
  • Jul 26, 2021 12:53am Jul 26, 2021 12:53am
Quoting Viktory
{quote} I genuinely believe that everything your write would be much better without the "Master Algo" narrative.
Why? It’s an Algo derived data stream with nothing left to chance.
  • #2,433
  • Jul 26, 2021 1:02am Jul 26, 2021 1:02am
Quoting moodybot
{quote} Why? It’s an Algo derived data stream with nothing left to chance.
That's why I said "believe"; so just my thoughts based on the limited knowledge I have. There surely are some important algorithms (not only ONE) involved in all electronic/digital transactions (mainly facilitating/matching them), but not (in my view) directly "controlling" prices directionally. I also think that financial markets are not random at all, but to our coated retail eyes, most smaller moves (and their uselessness) completely appear as such.
  • #2,434
  • Jul 26, 2021 1:59am Jul 26, 2021 1:59am
Quoting scherzi
{quote} Sure, name a few if you can, pls. There is something that I can see on SP500 and Nasdaq and it is the extremely parabolic ascending move. For me it is a sign that a possible retracement may be in preparation. Markets are speculative and the supply will eventually be exhausted, requiring an accumulative program that precises a decrease in price. Supply understood as the selloff of the assets bought in the past that are now being sold as the indices rise. What do you think about that? I mean, I studied Economy and have also a master in advanced...
if i know one thing from my work that is when prices are gone up too much.
example all the metals today are extremelly overpriced. i knew cooper was gonna go up after december so i made my stock in september, that is always the case. now i just sell. same i did with metals i bought a few kk and now i sell at a 120% raise of price.
i do have some codes that i miss so now i just buy a few of them to meet the demand of my customers and not stock.

when prices go back to normal in a year or 2 i will stock up again.

stocks are overpriced and if anything i wouldnt buy.
no serious investor would buy
might need to wait for years to buy but not now

ps. i expect them to fall of a cliff between september and december. ideal projection is end of august ut i will not trade it
offering my system to copy trade. check my link
  • #2,435
  • Jul 26, 2021 1:59am Jul 26, 2021 1:59am
remonpilip thank you for your thread , i have read a lot on here some make sense and other dont , tHis is what i see ,

trading is simple , KEEP IT SIMPLE , DONT OVER COOK IT AND SO MANY OTHER QUOTES I COULD MENTION , I SEE PEOPLE ON HERE WHO TRY TO MAK IT OUT TO BE HARD IF YOU WANT IT TO BE HARD CONVINCE YOURSELVE AND IT WILL BE HARD ,TO SOME WRITE A BOOK FOR THE $2.00 SHOP
people leave, but this thread will go on for ever
  • #2,436
  • Edited 2:35am Jul 26, 2021 2:08am | Edited 2:35am
Quoting TraderTim125
{quote} Hi Viktory, With all due respect I don't have delayed or non representative data from Tradovate or Zytrade. I have real time, complete CME fx futures data that I have personally validated. I could not have done the correlation testing, particularly the lagged cross-correlation tests that I did and reported on with delayed or incomplete data. Since my post(#1379) was at least partially to do with unsubstantiated claims about tick data, are we now claiming, on top of everything else, that tick data is also delayed or incomplete? I suppose...
Hello again, Tim. Sorry for the late reply.
So picking up where I left off…

I said "with all due respect" for a reason, because I didn't want to sound "rude" with my honest-direct opinion and suggestions.

About the rest, I think you didn't get me. Again, it's not that MT4/5 brokers tick data is "fake" or "unreal" (just a way to say it), but it has nothing to do with tangible (usable to accurate interpretation) volume/liquidity information from centralized/regulated exchanges.

And on the other hand, I was recommending you to use actual real-time data from low-cost and easy to set-up Futures brokers, like e.g. Tradovate or Zytrade, linked to trading platforms like Daytradr or MotiveWave, in order to analyze the Order Flow of the instruments you want to compare… instead of asking for narrow (insufficient) chunks of data to other members here.

I agree with you about price alone many times (and to most "traders") not being enough to understand, explain and exploit its movements. Generally speaking, the more quality data at our disposal, the better.

Regards,
  • #2,437
  • Jul 26, 2021 3:18am Jul 26, 2021 3:18am
Quoting Viktory
{quote} Well, yes. Bigger (or many small) steady wins actually take much more study/practice-work than just following an index or basket of assets, that regardless from when you started, it can always crash any year. And of course, unfortunately (or fortunately for others), the "educational trading industry" is a BIG lie/trap.

2020 saw the biggest crash in recent memory, yet the index ended the year in positive territory. Seems like the good old 'buy and hold the S&P 500' strategy still works!
  • #2,438
  • Jul 26, 2021 3:18am Jul 26, 2021 3:18am
Quoting PeterCaleb
{quote} Yeah, uuum, if you say so.
all the Olympians are cursing that the Yen is so strong and they cannot afford to pay a visit to Shinjuku Kabukicho. The japan tourism promotion board is asking BOJ to ease the Yen so that the Olympians can go ease themselves.
  • #2,439
  • Jul 26, 2021 3:56am Jul 26, 2021 3:56am
Quoting JauntyLoon
{quote} 2020 saw the biggest crash in recent memory, yet the index ended the year in positive territory. Seems like the good old 'buy and hold the S&P 500' strategy still works!
careful, extra careful
  • #2,440
  • Jul 26, 2021 4:28am Jul 26, 2021 4:28am
Quoting mixedbags
{quote} all the Olympians are cursing that the Yen is so strong and they cannot afford to pay a visit to Shinjuku Kabukicho. The japan tourism promotion board is asking BOJ to ease the Yen so that the Olympians can go ease themselves.
Jul 26, 4:18am - Jul 26, 5:28am
AUDJPY - 30pips, yes based on rectangles and FIBO

TIME, pips run, average
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