help prevent believing in divine methods | Forex Factory

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help prevent believing in divine methods

  • #1
  • First Post: Feb 24, 2008 12:55am Feb 24, 2008 12:55am
Hello everybody,

Well.. i would like to suggest that all the so-called 1KT members here check-out this thread:

http://www.forexfactory.com/showthread.php?t=61559

This thread talks about a "divine" system of trading... and I am really afraid newbies here would tend to believe such a crap of "getting rich easy thank of GOD!"

IMHO this kind of threads shoud be watched out closely so we can avoid useless information get in hands of the weakest ones: the newbies that are begining here...

We ALL were newbies once... lets really help them to avoid this kind of mistakes of believing in "easy and fast rich divine methods"

iiivb
  • #2
  • Feb 24, 2008 1:27am Feb 24, 2008 1:27am
Quoting iiivb
Hello everybody,

Well.. i would like to suggest that all the so-called 1KT members here check-out this thread:

http://www.forexfactory.com/showthread.php?t=61559

This thread talks about a "divine" system of trading... and I am really afraid newbies here would tend to believe such a crap of "getting rich easy thank of GOD!"

IMHO this kind of threads shoud be watched out closely so we can avoid useless information get in hands of the weakest ones: the newbies that are begining here...

We ALL were newbies once... lets really help them to avoid this kind of mistakes of believing in "easy and fast rich divine methods"

iiivb
The chinese take the 99 and 80/88 as sort of devine numbers the 4 as sort of unlucky number. The Eygptian work out this pyramid which some how is related to the Fibs and Elliot wave tend to apply some sort of Fibs in it.
Could the Daniel code be part of this group of analysis? Newbies or not, I think each one need to judge for themselves. There are some pro traders who say that Fibs are rubbish too. So ought one warn newbies to stay away from Fibs?
Anyone who follows all systems or all discussions topics blindly are in the first place not fit for trading. It would be a blessing for them if they get burnt for once and never turn back. Get burnt once and they will get smarter.
Just my opinion
  • #3
  • Feb 24, 2008 1:33am Feb 24, 2008 1:33am
Quoting highway
The chinese take the 99 and 80/88 as sort of devine numbers the 4 as sort of unlucky number. The Eygptian work out this pyramid which some how is related to the Fibs and Elliot wave tend to apply some sort of Fibs in it.
Could the Daniel code be part of this group of analysis? Newbies or not, I think each one need to judge for themselves. There are some pro traders who say that Fibs are rubbish too. So ought one warn newbies to stay away from Fibs?
Anyone who follows all systems or all discussions topics blindly are in the first place not fit for trading. It would be a blessing for them if they get burnt for once and never turn back. Get burnt once and they will get smarter.
Just my opinion
So what would be the difference to be a 1KT member if we give a sh!# about the less experienced ones?

iiivb
  • #4
  • Feb 24, 2008 3:15am Feb 24, 2008 3:15am
Quoting iiivb
So what would be the difference to be a 1KT member if we give a sh!# about the less experienced ones?

iiivb
In a zero sum game, worrying about the "less experienced" ones is self-contradictory. We want their loss to be in our pocket and they want the same. So if someone is trading live based on divine indications and I'm profiting from it (from their losses), I'll say thank god for that divine stuff that is making me rich, instead.

I'm not saying I'm the "experienced" one. In fact I don't even think experience has anything to do with profit anyway.
  • #5
  • Feb 24, 2008 3:20am Feb 24, 2008 3:20am
Quoting im7i4z
In a zero sum game, worrying about the "less experienced" ones is self-contradictory. We want their loss to be in our pocket and they want the same. So if someone is trading live based on divine indications and I'm profiting from it (from their losses), I'll say thank god for that divine stuff that is making me rich, instead.

why was Forex Factory created for then?
  • #6
  • Feb 24, 2008 3:40am Feb 24, 2008 3:40am
I'm sure the founders will care to comment on that.

Edit: Victor Niederhoffer looked for the brothels in Thailand and measured the average cigarette butt sizes as "indicators" to know if Thai economy is growing or not in the 90's, to invest. Anything that anyone thinks gives them an edge (which I also don't believe exists in efficient market hypothesis) then they have all the right to go for it. After all it is their money. Why me or anyone else got anything against that?
  • #7
  • Feb 24, 2008 3:59am Feb 24, 2008 3:59am
Quoting im7i4z
I'm sure the founders will care to comment on that.

Edit: Victor Niederhoffer looked for the brothels in Thailand and measured the average cigarette butt sizes as "indicators" to know if Thai economy is growing or not in the 90's, to invest. Anything that anyone thinks gives them an edge (which I also don't believe exists in efficient market hypothesis) then they have all the right to go for it. After all it is their money. Why me or anyone else got anything against that?
im7i4z,

dont get me wrong... i have nothing again flip-coin edge interpretations... u r right on that quote... but...

FF was clearly design to bring high quality discussion (rarely seen btw...) and NO SPAMMING!

I wanted to get 1k's attention there because, for me, that thread is to promote that site.. and yes.. just got a response from the manager of that company defending his site and his marketing.

I suspended him already because he violated rule nr. 3.

I wanted the whole thread to be revised since i thought is a promotionla thread (forbidden in the Forum area). apparently i am not wrong on that...

iiivb
  • #8
  • Feb 24, 2008 4:12am Feb 24, 2008 4:12am
I'm not taking you wrong. I'm just saying beside violating the rules I don't think we should be too concerned about astrological or theological concepts in trading. Its their money that we want vis-a-vis and we all have our rights to do whatever suits us best.

I rest my case.
  • #9
  • Feb 24, 2008 4:41am Feb 24, 2008 4:41am
well obviously he is just promoting a website.

i tried to look into the #'s 3½, 7, 40, 49, 390, 430, 490, 1150, (2300), 1260, 1290, and 1335

to see how they work in fx, and came to the conclusion that they are just guesswork, working sometime and not working the other times.

  • #10
  • Feb 24, 2008 5:27am Feb 24, 2008 5:27am
Quoting forexlion
well obviously he is just promoting a website.

i tried to look into the #'s 3½, 7, 40, 49, 390, 430, 490, 1150, (2300), 1260, 1290, and 1335

to see how they work in fx, and came to the conclusion that they are just guesswork, working sometime and not working the other times.

yes, that is the same thing i saw. U can even draw random "supports" and "resistences" and they will work... maybe just for few seconds.. but they will work.

iiivb
  • #11
  • Feb 24, 2008 7:10am Feb 24, 2008 7:10am
Quoting iiivb
IMHO this kind of threads shoud be watched out closely so we can avoid useless information get in hands of the weakest ones: the newbies that are begining here...

We ALL were newbies once... lets really help them to avoid this kind of mistakes of believing in "easy and fast rich divine methods"

iiivb
Everyone has to find their own path. Whatever route they take to get there probably doesn't matter. Getting burned is part of the journey, in all but a few cases.

Nice of you to be concerned.
  • #12
  • Feb 24, 2008 9:27am Feb 24, 2008 9:27am
Quoting iiivb
So what would be the difference to be a 1KT member if we give a sh!# about the less experienced ones?

iiivb
If you want to teach someone, there are two ways.
Give you an example. Try start a thread. Call it Teaching on Money Management and stop Loss. Start another and call it Got Burnt without Money management and stop Loss. Just observe the number of readers on each one.
You can teach your kids and give them a thousand " Don't this and Don't that" In the end, you will find that the best lessons that they never forget are those where they got burnt.
You can shield your kids from many bad things. There is one day they have to meet the society - the world, and you will see that most often they do exactly the opposite of what you tell them not to. Not 100% of course.
If you are really concerned about someone, there is always a cost to pay. If you are really concerned about you father's health, you would buy him better food, drive him and pay for a doctor.
Thus with this likely DC rubbish, or not, unless you are burnt or know someone who has been burnt, you have to let someone get burnt first to know if it is rubbish. Coming back to your concern, why don't you pay and get in to unmask them.
Ask most of the traders around. See what advice have they got from their immediate friends or families when they wanted to go into Forex. How many would have been glad not to have listened ?
Well, as Hannover wrote - it is a waste of time or just take too much or his valuable time to .......
  • #13
  • Feb 24, 2008 9:56am Feb 24, 2008 9:56am
Hanover has closed the thread in question. It would have slipped into obscurity if not for this new thread offering renewed exposure.
  • #14
  • Last Post: Feb 24, 2008 11:19am Feb 24, 2008 11:19am
Quoting highway
If you want to teach someone, there are two ways.
Give you an example. Try start a thread. Call it Teaching on Money Management and stop Loss. Start another and call it Got Burnt without Money management and stop Loss. Just observe the number of readers on each one.
You can teach your kids and give them a thousand " Don't this and Don't that" In the end, you will find that the best lessons that they never forget are those where they got burnt.
You can shield your kids from many bad things. There is one day they have to meet the society - the world, and you will see that most often they do exactly the opposite of what you tell them not to. Not 100% of course.
If you are really concerned about someone, there is always a cost to pay. If you are really concerned about you father's health, you would buy him better food, drive him and pay for a doctor.
Thus with this likely DC rubbish, or not, unless you are burnt or know someone who has been burnt, you have to let someone get burnt first to know if it is rubbish. Coming back to your concern, why don't you pay and get in to unmask them.
Ask most of the traders around. See what advice have they got from their immediate friends or families when they wanted to go into Forex. How many would have been glad not to have listened ?
Well, as Hannover wrote - it is a waste of time or just take too much or his valuable time to .......
Well, as I see, not even 1k members here are willing to take responsability for pointing-out very obvious opportunists like DC...

It is much better say that if somebody wanted to help MUST do this or that... apparently is not enough to POINT-OUT fakes like this (and come on... dont spare me with the BS that u must PAY some few bucks to unmask them... yeah... i wanna see you deposit 10k into a HYIP just because u want to unmask them...)

This is not about a "neurotical doubt"... but simply logyc of applying common sense to what was happening in that thread... hanover started a thread about them... i dont think hanover was involved... but "coincidentaly" the owner of that site mysteriously ended up here in FF "negating" negative comments about them...

Rules violations... website owners with 2 post indirectly promoting his site... c'mon... i see a pattern there... and i dont need to be taken to the outter space to be convinced earth is not the center of the universe... BECAUSE OF INDIRECT PROOF... and that... IS a proof.. not the senseless things @ DC site.

Anyway... I regret ppl who see this and simply turn their heads away from this things instead of doing SOMETHING... thanx for the few of you that shared my concern (at least a little bit) for this kind of things happening in this "beautiful" world.

As I see... I must had simply ignored and laugh at all those newbies potentially paying for that service...

iiivb
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