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  • #1,207,481
  • Dec 22, 2021 1:30pm Dec 22, 2021 1:30pm
H1
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  • #1,207,482
  • Dec 22, 2021 1:35pm Dec 22, 2021 1:35pm
Quoting shay14
{quote} If it works for you then it works.... not every successful trader uses "price"
Just because it appears to be working for you, it doesn't mean it isn't mere coincidence. If someone else can trade just as successfully without it, then what benefit is it giving you? I think people mostly depend on this stuff not because it works, but because they feel they need it. In other words, I believe it's all in the mind.

By the way, every trader uses price. It's inevitable.
Learn from your mistakes and march on.
  • #1,207,483
  • Dec 22, 2021 1:48pm Dec 22, 2021 1:48pm
Quoting here2there
{quote} If these things actually work, then why do people still lose using them? Just because something is perceived as helpful, it doesn't mean it is reliable.
I did not do any research on that so I can't evaluate. But fundamental and technical analysis is what works for me and for a few other guys I know.
Are you really consistently in profit by just selling high and buying low??
Risk Management is of utmost importance!
  • #1,207,484
  • Dec 22, 2021 1:53pm Dec 22, 2021 1:53pm
Quoting here2there
{quote} Well, if you look at it that way, then nobody knows. But I think what your thought actually implies is nobody really knows the highest price or the lowest price. Nevertheless, the idea of buying low for some might be the most recent swing low, and vice versa for selling high. For others, it might be measured by a weekly candle, or a monthly candle, or a daily candle. It all depends on who is looking at it. In short, 'low' and 'high' are relative terms.
Relative term after the fact of which time frame? Lol..

Buying low, selling high is one of the most common use of trading "gurus" trying to scam peoples money. It's easy to sell ot but fool people. Yeah, just sell the highs, buy the lows, easy money.. all traders will be millionaire in a few trades..... just wait for the highs, then sell... wait for the lows, then buy. Few moments later, you are all millionaires. Easy to spot "after the fact", that is exactly trading "gurus" selling to newbies who fall victim to that. It's a trap! That's why I told you before, I can easily spot fake traders acting like a champ, not only the way they analyze the market, but the way they use instruments, indis as basis of their trade execution. That is why I am confident challenging them.They will be fucked up as many times as they get it right.. They will be exposed in live trading. those who say they can determine the highs and the lows(not after the fact) can all line up and kiss my ass for free. I won't charge them.
Only an idiot knows with certainty to where the market is going.
  • #1,207,485
  • Dec 22, 2021 1:56pm Dec 22, 2021 1:56pm
Quoting here2there
{quote} Just because it appears to be working for you, it doesn't mean it isn't mere coincidence. If someone else can trade just as successfully without it, then what benefit is it giving you? I think people mostly depend on this stuff not because it works, but because they feel they need it. In other words, I believe it's all in the mind. By the way, every trader uses price. It's inevitable.
My strategy works for me and has been working for years, it makes me money, that's all I care about.


I never talk on other traders strategy, even if i might not agree, because if they're profitable, then who cares.
  • #1,207,486
  • Dec 22, 2021 2:02pm Dec 22, 2021 2:02pm
Quoting kuroro001
{quote} I do ....or i wish Still holding longs so far {image}
I bought too.. but I closed it already. Because I am very sure it touches the highs.
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Only an idiot knows with certainty to where the market is going.
  • #1,207,487
  • Dec 22, 2021 2:03pm Dec 22, 2021 2:03pm
Quoting MrBullBear
{quote} I bought too.. but I closed it already. Because I am very sure it touches the highs. {image}
I'm definitely eyeing a short here ...
  • #1,207,488
  • Dec 22, 2021 2:15pm Dec 22, 2021 2:15pm
Quoting MrBullBear
{quote} Relative term after the fact of which time frame? Lol.. Buying low, selling high is one of the most common use of trading "gurus" trying to scam peoples money. It's easy to sell ot but fool people. Yeah, just sell the highs, buy the lows, easy money.. all traders will be millionaire in a few trades..... just wait for the highs, then sell... wait for the lows, then buy. Few moments later, you are all millionaires. Easy to spot "after the fact", that is exactly trading "gurus" selling to newbies who fall victim to that. It's a trap! That's...
I understand what you are getting at. But I look at it this way. I can buy at a swing low, but that doesn't mean it won't go lower. I can buy at a swing high, but that doesn't mean it won't go higher. And even if it goes in my desired direction, it doesn't mean it will last long. And this is why it is important to have good risk management.

However, I struggle with accepting defeat. This is my greatest hindrance to trading successfully. I am the guy who moves the stop loss instead of allowing myself to get stopped out. I am also the guy who waits for confirmation. And the guy who ends a trade too early instead of letting it run its course. Lol

I know how to trade. But I often find myself not putting into practice what I know. It's the psychological part of trading that gets me.
Learn from your mistakes and march on.
  • #1,207,489
  • Dec 22, 2021 2:20pm Dec 22, 2021 2:20pm
Quoting shay14
{quote} I'm definitely eyeing a short here ...
You could be right... or you could be wrong. And that is legit trading. You know who's always right? Those gurus and pretenders. Lol But they make money, not from trading, but from selling their services getting commissions from idiot traders who believe them.

It's what you do when you are right, and what you do when you are wrong that can make you successful as a trader.
Only an idiot knows with certainty to where the market is going.
  • #1,207,490
  • Dec 22, 2021 2:24pm Dec 22, 2021 2:24pm
Quoting here2there
{quote} I understand what you are getting at. But I look at it this way. I can buy at a swing low, but that doesn't mean it won't go lower. I can buy at a swing high, but that doesn't mean it won't go higher. And even if it goes in my desired direction, it doesn't mean it will last long. And this is why it is important to have good risk management. However, I struggle with accepting defeat. This is my greatest hindrance to trading successfully. I am the guy who moves the stop loss instead of allowing myself to get stopped out. I am also the guy...
Unlearn to relearn. Focus understanding the market and observe its behavior. It will eliminate all the bullshit you learn from the gurus.
Only an idiot knows with certainty to where the market is going.
  • #1,207,491
  • Dec 22, 2021 2:40pm Dec 22, 2021 2:40pm
Quoting kuroro001
{quote} I do ....or i wish Still holding longs so far {image}
It's the highs, they said... it goes over the top of ADR....stochastic screaming overbought... I bought anyway, and here's what happen.
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Only an idiot knows with certainty to where the market is going.
  • #1,207,492
  • Dec 22, 2021 2:53pm Dec 22, 2021 2:53pm
Quoting MrBullBear
{quote} It's the highs, they said... it goes over the top of ADR....stochastic screaming overbought... I bought anyway, and here's what happen. {image}
The funny thing is some people buy when it hits overbought, and sell when it hits oversold, and buy when price hits a high, and sell when price hits a low. And this can be done successfully. But this is essentially short term trading, so it usually doesn't last long. But pips can be gained. And yet, there are those who do the opposite, and still trade successfully. It all comes down to what a person wants to get out of the market, and how much pain they are able to take before folding.
Learn from your mistakes and march on.
  • #1,207,493
  • Dec 22, 2021 3:01pm Dec 22, 2021 3:01pm
Quoting here2there
{quote} The funny thing is some people buy when it hits overbought, and sell when it hits oversold, and buy when price hits a high, and sell when price hits a low. And this can be done successfully. But this is essentially short term trading, so it usually doesn't last long. But pips can be gained. And yet, there are those who do the opposite, and still trade successfully. It all comes down to what a person wants to get out of the market, and how much pain they are able to take before folding.
I don't thing you get what I mean. You "liked" my example yet it is still funny to you when people buy when it hits overbought? In my example, I bought in Highs,overbought, top ADR.
Only an idiot knows with certainty to where the market is going.
  • #1,207,494
  • Dec 22, 2021 3:13pm Dec 22, 2021 3:13pm
Something fishy is going on in the market. Almost in every pair. Price moves against fundamentals and the COT report. Although US GDP numbers came out good today and FED was hawkish in the last FOMC, price still goes against all these odds.

We can see very surprising things in the coming days, maybe one of those new year crashes? Idk, but something is not right. Just my spidey senses. I don't like making up conspiracies, maybe i am the one who gets it wrong this time.

Still, i will stick with my analysis. I will keep my EURUSD, AUDUSD, NZDUSD shorts open.
You have to have an IQ higher than 90 to interact with this user.
  • #1,207,495
  • Dec 22, 2021 3:14pm Dec 22, 2021 3:14pm
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POSTMASTER
  • #1,207,496
  • Dec 22, 2021 3:18pm Dec 22, 2021 3:18pm
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  • #1,207,497
  • Dec 22, 2021 3:20pm Dec 22, 2021 3:20pm
Quoting MrBullBear
{quote} I don't thing you get what I mean. You "liked" my example yet it is still funny to you when people buy when it hits overbought? In my example, I bought in Highs,overbought, top ADR.
It's funny because people actually believe in overbought and oversold. There is no such thing. It's all mind games designed to make people lose their money. The market is filled with trickery.

What it comes down to is would you buy at a specific price? Would you sell at a specific price? Either you will be wrong or you will be right. If you end up being right, it doesn't mean you know the market. It just means you were willing to take a risk, and you got it right.

The only people who know the market are the ones who have enough money to move it. As for the rest of us, the best we can do is pull the trigger and hope for the best.

Does this mean TA is useless? No. It is helpful. But just because something is helpful, it doesn't mean it is reliable.
Learn from your mistakes and march on.
  • #1,207,498
  • Dec 22, 2021 3:24pm Dec 22, 2021 3:24pm
Quoting Nordling00
Something fishy is going on in the market. Almost in every pair. Price moves against fundamentals and the COT report. Although US GDP numbers came out good today and FED was hawkish in the last FOMC, price still goes against all these odds. We can see very surprising things in the coming days, maybe one of those new year crashes? Idk, but something is not right. Just my spidey senses. I don't like making up conspiracies, maybe i am the one who gets it wrong this time. Still, i will stick with my analysis. I will keep my EURUSD, AUDUSD, NZDUSD shorts...
tomorrow the usd / chf will go up. even if only for a day. tomorrow after closing the D1 candle we will analyze again.
  • #1,207,499
  • Dec 22, 2021 3:25pm Dec 22, 2021 3:25pm
Quoting Nordling00
Something fishy is going on in the market. Almost in every pair. Price moves against fundamentals and the COT report. Although US GDP numbers came out good today and FED was hawkish in the last FOMC, price still goes against all these odds. We can see very surprising things in the coming days, maybe one of those new year crashes? Idk, but something is not right. Just my spidey senses. I don't like making up conspiracies, maybe i am the one who gets it wrong this time. Still, i will stick with my analysis. I will keep my EURUSD, AUDUSD, NZDUSD shorts...
Stuff gets priced in and retracements occur. Fed has been talking the taper for quite sometime now.
GU and (EU in particular)were over stretched to the downside.

Price moving against individual fundamental events happens.
Compulsions can be hard to resist
  • #1,207,500
  • Dec 22, 2021 3:27pm Dec 22, 2021 3:27pm
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POSTMASTER
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