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I never proved anything

  • #21
  • Aug 28, 2008 11:39am Aug 28, 2008 11:39am
Quoting 300%mark
I know how and why the financial markets works for me.

- It is simple, just buy low and sell high.


.
That is Old theory, Its easy this way, just sell the breakout of the lows(strong support) and buy the breakout of the high(strong resistance).
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #22
  • Aug 28, 2008 11:59am Aug 28, 2008 11:59am
i don't know why anybody needs to prove anything? it's not a popularity contest. It's survival of the fittest in the jungle of forex!
  • #23
  • Aug 28, 2008 8:35pm Aug 28, 2008 8:35pm
if we know the "truth" it means we've "proved" something... with our limited edition brain. after few back test of the "proved" fact, we think we "know" the truth in it
  • #24
  • Aug 29, 2008 2:43am Aug 29, 2008 2:43am
Quoting Gwan
... with our limited edition brain.
you kill me
  • #25
  • Aug 29, 2008 8:56am Aug 29, 2008 8:56am
Quoting 300%mark
... Forget about trend trading, PA, FA, TA, psychological, emotions. It is useless...
That's pretty strong statement...
Well then , how do you manage to find tops & bottoms ?
  • #26
  • Edited 12:15pm Aug 29, 2008 12:08pm | Edited 12:15pm
tdion,

Imagine a group of people stranded and floating in the middle of the Pacific Ocean. There will be some very strong swimmers, some average, and some weak. Some will chose to swim east (go long), some will swim west (so short), and some will get disoriented and constantly change directions. Some will make it only a very short distance, while others will manage to go on for many miles. In the end, they all die because no one can swim that far with that many elements conspiring to defeat them. That is, of course, unless one is lucky enough to come across a ship that can rescue them. I am not sure such a ship exits in the Forex ocean....if there is I have not found it. In fact, I have quit looking for a ship...I am instead looking for an island. I know I cannot trade forex profitably for the next 20 years, year in and year out. But maybe I can catch a stong enough trend and stratigecally trade it for a short term and make enough cash to make it to my island! I wish you all the best in your forex journey. I really respect your postings and have gleaned a lot of help from them.

Clint
  • #27
  • Aug 29, 2008 12:10pm Aug 29, 2008 12:10pm
Quoting robertsonakp
That is Old theory, Its easy this way, just sell the breakout of the lows(strong support) and buy the breakout of the high(strong resistance).

Are you profitable with that "easy" trading style?
  • #28
  • Aug 29, 2008 12:39pm Aug 29, 2008 12:39pm
Refreshing thread

I see so many posts where people assume that if they trade for x amount of years profit will come through experience. Like it's a given.

The market does not care about their assumptions.

My testing also shows great periods and I get excited. Only to see drawdowns take much of the profit back. I aim to learn form this and refine my methods but I don't "expect" anything.

I enjoy your posts. Surely Forex Factory needs people with an alternative point of view and not just the herd who follow without questioning.
  • #29
  • Aug 29, 2008 12:52pm Aug 29, 2008 12:52pm
Quoting Greenhaze
That's pretty strong statement...
Well then , how do you manage to find tops & bottoms ?

he flips a coin. if its heads its a top, if its tails its a bottom.
  • #30
  • Aug 29, 2008 1:06pm Aug 29, 2008 1:06pm
Quoting blacksun1
he flips a coin. if its heads its a top, if its tails its a bottom.
300% is trying to foster some interest in himself and or method around the forum, obviously.
Im not quite sure why yet.
Living the adventure in my head.
  • #31
  • Aug 29, 2008 1:08pm Aug 29, 2008 1:08pm
well it makes sense and its pretty practical. i mean, coins are pretty plentiful and everyone can get one. and theres only two ways a trade can go. i mean, your odds are fifty percent that youre going to win on a flip of a coin, right? lol
  • #32
  • Aug 29, 2008 1:08pm Aug 29, 2008 1:08pm
if you can show me that your system has been successful in all markets and your system is logical (maybe its based on support/resistance and pA and momentum, and good money management) then I will believe you.
  • #33
  • Aug 29, 2008 1:41pm Aug 29, 2008 1:41pm
We got here 22-year old trader who write blue and think he knows so much about forex and it make him to believe that there is no support/resistance , psychology , emotions.....c'mon grow up, and there is bunch of others who think forex is nonprofitable in the long run. Why are you here then? If you want to prove that forex is not medium to get profit from then it is clearly not bisnes for you. Maybe insteed of discussing such things and wasting time , it would be better for some to start thinking out of the box...
  • #34
  • Aug 29, 2008 1:55pm Aug 29, 2008 1:55pm
Quoting 300%mark
Are you profitable with that "easy" trading style?
its interesting when the young lad tells the old lad he has more rags than him. Well, its unimportant proving anything to you when in my corner i keep proving something to myself.

"I NEVER PROVED ANYTHING".
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #35
  • Aug 29, 2008 2:09pm Aug 29, 2008 2:09pm
Quoting Greenhaze
We got here 22-year old trader who write blue and think he knows so much about forex and it make him to believe that there is no support/resistance , psychology , emotions.....c'mon grow up, and there is bunch of others who think forex is nonprofitable in the long run. Why are you here then? If you want to prove that forex is not medium to get profit from then it is clearly not bisnes for you. Maybe insteed of discussing such things and wasting time , it would be better for some to start thinking out of the box...
Let him keep testrunning his golden and uncommon ideas. He knows more than his ancestors. A new and young trader keeps learning.
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #36
  • Aug 29, 2008 3:37pm Aug 29, 2008 3:37pm
Hi Clint

I think I disagree with the swimmer analogy in that it is not the swimmer that determines profit, but rather the ocean.

Yes swimmers heading east can drown in a western current. I think my analogy would be more like a hail mary in football. You are the quarterback, and you throw your 50 yard pass up for grabs.... sometimes your recievers catch them (the market) and sometimes they don't. That's why you should play 4 downs and hope for the best.

In the end, without a true cause/effect reason to enter a trade, you are at the mercy of the unknown.

Best.
  • #37
  • Aug 30, 2008 7:38am Aug 30, 2008 7:38am
Recently, I proved it is possible to fall up a flight of stairs. It turns out all you need is several Captain Morgan's and Cokes.

Does that count?
  • #38
  • Aug 30, 2008 8:29am Aug 30, 2008 8:29am
LOL - I've proved the same thing w/ a several scotchs'

"If dog is mans best friend; then Scotch is bottled dog" - apologies to "Vinicius de Moraes"

Quoting clockwork71
Recently, I proved it is possible to fall up a flight of stairs. It turns out all you need is several Captain Morgan's and Cokes.

Does that count?
In trading, there is no bullshit. You either make money or you don't.
  • #39
  • Aug 30, 2008 12:43pm Aug 30, 2008 12:43pm
you fell "up" a flight of stairs? that's pretty amazing...

Quoting clockwork71
Recently, I proved it is possible to fall up a flight of stairs.
  • #40
  • Aug 30, 2008 2:23pm Aug 30, 2008 2:23pm
Quoting tdion
you fell "up" a flight of stairs? that's pretty amazing...
I can confirm that it is possible.... I did that about 25 years ago from a downstairs bar in Salt Lake City..... If I remember correctly I was drinking Long Island iced tea at the time.
Same Whore .... Different Dress
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