Disliked{quote} Good read on the hourly candle CP but I was hoping to read more in-depth analysis on the topic of "curve fitting". My Perspective: "Avoid" Curve Fitting is a myth and the worst advice one can give to anyone. Fitting the Curve or UNDERSTANDING how a pair or instrument BEHAVES is the CRUCIALPOINT to strategy development. It is the STEP ONE ingredient required to finding what works and what does not. You want to peel the onion, there is simply NO better way than CURVE FITTING. Yes, I am here to break the f*cking myth and hence using capital...Ignored
There is a pay to enter set up at an amusement park. They have this man made mountain that you enter through a cave and you exit the other side. If you manage to get through and find the exit, you get showered with dollar bills. That makes paying to get in the puzzle mountain a bit easier considering the rewards. That's kinda like trading, you enter, solve the puzzle of making money and you exit with the knowledge that you are now Master of the Market and you can jump in and out as you please.
Sometimes, a repeat park goer or a passerby is hanging out at the entrance. He might say, hey, to get to the other side, go straight, turn right, then straight again, turn left and you are out. Make sure you don't run or get distracted and end up turning left n right aimlessly and getting lost. Just do what I say and you shall avoid all the pitfalls and you make it to that EXIT of success n of you get showered with money there...all you want.
That could be a nice tip, a good gesture and that makes everyone feel good. Someone giving you the way to not get hurt. Tips like free good advice given by the well experienced, should be really welcomed by new traders and some day, they will be immortalized in a karmic way.... I'm just saying...maybe that's the case...it's good intentions anyway. Right?
On the other hand, going back to the cave entrance of the puzzle mountain, there could be no one there. No one on that particular day was hanging around to give the good free advice and you missed out on them. You enter, turn right, left and get lost and most of the time, the result is deadly...financially speaking.
So who is better off?
Just to skip a lot more BS about caves n things, I jump into conclusion here that there are 2 main views here (by my opinion)
1- The guy who was told exactly where they should go at the cave entrance...which means by default, where not to go.
2- The guy who no one told him what to do upon entry.
So, if you are on the side of 1 above, you may appreciate looking for getting as much help and direction from those who know,
If you are on the side of 2 above, the best thing to do is just jump in and find your way...or you will never make it.
So, I appointed myself to being a judge with the task of deciding who is who here.
I don't know...when it comes to helping new traders, should us experienced traders (whoever thinks they know the way to success); a) help the new or less experienced traders by telling them the dangers ahead and directions to go? or b) should us experienced traders (whoever thinks they know the way to success), let them enter their way and experience the phenomena of Forex trading first hand, all through and through?
I think even experienced traders in b) group could say, they are REALLY the actual real honest and experienced traders who are telling the new traders what to to. The right way IS for the new traders to enter, get lost and really really experience it. THAT'S HOW TO DO IT!
Suddenly, we have in a way both groups a) and b) being the real helper to the new or less experienced trader. Both love helping the new trader and are trying their best to guide him or her through this arduous but rewarding journey from entrance of the cave, all the way to the other side.
You know, at the end, everybody wants to help.
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