(binned per thread starter’s request) Intraday swing trading

"In your professional opinion, does it look like my trade?!" Mmmmmmmmm ??!!

Yeah it does..
But why would you only trade 0.01 lots, if you are a good trader that has been doing this for years?

What did one swing trader say to the other?

Do you know time it is, coz I gotta go take my wife to pole dancing practice and I have no idea when this thing's gonna change direction...... and I'm so excited I don't wanna miss a thing!

Then the other trader replies with ....... I'll have a look at what the facebook and the forex factory says we should do !!!


HIHIHIHIHIHIHIHIHIHIHI


People.

A simple demonstration dear Watson.

What's too early when dumb trader told no one know how high the bullish swing or how low the bearish swing? TA can't tell.

In reply, in a single simple statement : Then you're doing it wrong. The long thing goes in the hole thing. Most of you here are dumb about something, tiiiiiiiime to confess. Hihihihihi

But seriously, hhhhmmmm ......... you're doing it wrong. Plain and simple.

NOT TA's fault, you're fault.

Not TA's responsibility, it's all yours.

Yes, real life

So you hold same opinion, dumb degen gamblers.

Dumb gambler thinks he can learn trading from watching YouTube videos. How's that for dumb?

I hold to the belief that a well rounded trader will always outperform anyone else. Why? They have nothing to prove because they are in it to improve not brag or gloat or show off. If I say dumb, stupid or moron, it's to emphasize not name call. People of today are dumb either on purpose, or by default. To my mind, only people with severe permanent brain damage have the right to be excluded here. Therefore everyone else has work to do and should stop wasting time they don't have to spare.

I find people do not understand many things but I believe each deserves a chance to learn IF they are willing to concede first, they need to learn.

In a few hours the new week start, watch closely how banks move price. Happy trading everyone. Cheers

Ps Technical analysis will not be able to tell what's going to happen next. Price action and indicators are useless. Just watch the market.

Peter - Don't know about the rest of the world but here in UK brokers are obliged to state what percentage of their Clients are losing and that's usually 75-90% which is where those numbers come from.

Hi handy148, we can assume they all trade TA. The longer term numbers are much higher. That's why my earlier statement that TA is faulty, misleading and dangerous is valid. Cheers

This is a good topic to discuss.

We know factually the losing traders in UK stands at 75-90%. The longer term rate is much higher above 90%.

We can assume all these traders trade TA.

Now, do we blame these traders for the high failure rate?
Or,
The explanation for this high failure rate is due to faulty, misleading and dangerous TA?

To me it's obvious. And I have written about this for a long time.

Steven1 in post #133 says it's down to the traders who were gambling. Peter in post #147 says the same thing.

Lets hear what other members have to say. Cheers

Ps if the fault is the individual trader, then the solution is the shrink.

Hi BW

I agree that over a 5 year period, 95% of traders are losers and most just follow some form of TA as there source of signals.
And here we have Peter Caleb who trades with 0.01 lot size trades and claims they are an expert. Obviously he isn’t but let’s not upset his little world of self importance.

I feel it’s important here to ensure these losing traders get the hell of live charts and just trade solely on Demo charts tell they achieve some form of a winning strategy. The biggest dickheads are those traders who state they NEED to trade on a live chart to have emotional contact with the markets.

Why throw thousands of dollars away trying to learn trading on live charts, this just seems like a dumb idea.

Some may find my next statement interesting. I trade mostly E Mini S&P Future contracts around New York open where I practise my skill sets on a SIM account for a hour each day “to warm up” before switching to live charts. I’ll wait till my trades are in sync with the market conditions then go live. By the end of the day, over half of my trades were on SIM. Yet most traders never practice there skills on demo once moving on to live charts ever.

I also feel Trading small is the worst thing you can ever do. You will face a cliff you can’t climb once you attempt to trade large in the near future.

I made this live call(from my MT4 phone apps) last Friday New York session as market was on the way, posted charts with blue box. Only on Monday, traders see this unfold on their charts. TA can not tell what the banks intent and their price target. Fact. Cheers

Am I wrong to say TA traders trade blind. Look at their trades. Can't you see the huge disconnect between the essays they write about market structure or mechanism and their trades?

Am I wrong to say the 90+% losing traders are dumb they don't realise TA is faulty, misleading and dangerous?

Cheers

It's total bullshit and if a person has ANY common sense, they would see it's a tiny tiny little data sample. What kind of a moron would call that a complete data insight to make any conclusion? People try thinking before you talk.

As to dear rick re: the trades with 1K size. IT'S A FUCKIN' example dumbass !!!! Not my real trading. WOOOOW!! AND PEOPLE ACTUALLY FOLLOW YOU AND YOUR KIND???!!! And actually listen to what you people say ???? REALLY ???? WHAT THE FUCK is wrong with you people. Stupid layered on stupid layered on stupid. What a frickin joke. What a pig trough.

You bitch and comment if it's a demonstration, You bitch and winge if it's real ....... "Oh I can't do THAT so therefore I deem it to be fake. I am gonna call you a liar". WOOOW!! DUMBASS!!!!! JUST A JOKE.

It's nothing but "I never grew out of being a teenager boohooo" immature machoistic hogwash.

It's simple - if you're stupid and won't change this .... AND cannot deal with what you don't know or understand, then of course you gonna make up stories and fuckin excuses of "why". Waaawaaawaaa!!! And on top of this, you won't learn, just keep the BS going so others believe it too. I'm sorry BWilliam but all of this is just intellectualized bullshit. I've used TA and other tools FOR YEARS AND YEARS. And over that time I have gathered a lot of KNOWLEDGE. BUT YOUR PREMISE IS WEAK AND HEAVILY BIASED. "What works for one and not another" IS ONLY TRUE if you include the proper context that is relating to that person's individual level of developmental path, otherwise it's BULLSHIT. If all you had was a price chart, a loser will complain and bitch while the other person observes, learns and then applies. Test. Review and repeat. LEARNING NOT BITCHING.

FUCK !!! People these days. Barely human.

What is blind with people is not WANTING to look it all square in the eyes. Instead choose to squirm and wiggle and squeal like a trapped pig. Waaaawaaawaaa.

Blind losers follow losers but don't know any better ........ until something changes. PERIOD.

So once again people talking about things they have not properly researched. Note I didn't say "chat" I said RESEARCH.

So therefore it's flawed to YOU. Not me. I know it's not perfect ........ that's why I educate myself on the other parts of the system ....... just a quiet tip.

"All or nothing" mentality. Black and white thinking. And people think that others should listen to you and give up their understanding of things eventhough it means going backwards in their own development.

Hi Peter, you don't have to be sorry. No problem.
There shouldn't be any problem with anyone's opinion so long as it's not a personal attack.

Now, to you and any TA trader out there, this is the thread to discuss.

Lets take this further, which I have been asking from the beginning.

Post on here how you use TA, your way, to trade intraday swing trade. (Scalps is not accepted)

Show us with explanation the efficacy of TA with your intraday swing trade. I accept historical trades. Show us discretionary trading TA is not guessing. Your actual trades show what you mean by YOU vs YOU. Cheers

To say it simply here - My observation has been that all the people on this site are comfortable. Not a good sign if you want to learn.

It reminds me of the example of saying "he is handicapped." These days you people are told to say "he is disabled" or some other ridiculous convoluted thing.

Does anyone spot the difference in communication there?

Being handicapped means with capacity and or capability but at a diminished level and rate.

Being disabled means being stopped, shutdown, locked in or locked down.

To en-able. To dis-able. Turn on, turn off.

So I find it fascinating how "you people" will argue all day about things but never check your own common sense. So it's funny that many people don't know how to align different knowledge in a situation they cannot control but CAN observe.

One says TA is bullshit. Another says it's not. SO are you handicapped or disabled? See my point? You've got bullshit information and are trying to bake a golden cake. So anything that comes of it is rotten at its center.

Now go back to the handicapped example. Go say to someone in a wheelchair the MEANING of each word (without saying the actual word) and ask them which meaning they prefer for people to use to "define them". And watch their response. I think you already know what they will say. TA and this argument holds to the same principle. I KNOW TA is useful. But if I am serious about my activity, I wouldn't just use it on its own. That would make me ignorant and presumptuous. And eventually ....broke.

If you use any outside resource it must be real quality. Outsourcing data is not the answer. So using a jughead's attitude to "justify something" is futile.

I also find it interesting that people want respect for learning or knowing something but when reality strikes, reality wins. So, common sense or something else?


Peter

Hi Peter, thank you for writing that.

That's exactly how these 90+% losers trade.
And foolish die hard adults try to convince others, newbies do the same. The result ofc will be the same.

What I'm saying for a very long time on FF.

Time for members to read carefully. Cheers