Interesting thread... if the balance in this game has to be zero... meaning if there were no buyers and sellers, what moves the markets is buyers and sellers... why do they say 95% of the traders lose?!?! does the market trade against you... nope it trades against 95% of people. How are 95% of the people trading? In order for there to be winners, there have to be, for me, more losers.
- #182
- Jun 27, 2008 9:17pm Jun 27, 2008 9:17pm
- Joined Nov 2005 | Status: EURUSD Quant FREAK | 3,197 Posts
- #184
- Jun 28, 2008 3:23pm Jun 28, 2008 3:23pm
- Joined Nov 2005 | Status: EURUSD Quant FREAK | 3,197 Posts
- #187
- Jun 30, 2008 5:34pm Jun 30, 2008 5:34pm
- Joined Sep 2006 | Status: ... | 8,112 Posts
i agree (althoug i am far aways to be the genius you are) . I can't see exactaly how to use it. What i see is that all pivotal partterns in the market already try to use it in a way or another. Pinbar, 123 high/low, fading partterns, etc.
but there are two other things that i remenbered reading the article. One is a post in the j16 thread. The guy posted a chart of a Joe Roos book with a parttern that looks like a pinbar but more complex.
the other post is a post in the Akuma99 forum posted by himself. Search in the beginnertrader the thread "Akuma99 is Naked!" and see the post #25.
is too much complicate to my brain to understand and applly this but i am sure you will like to read it. looks like a practical way to apply the ideas descibed in the article.
best regards.
I did a search for the "Akuma99 is naked" thread, but couldn't find it, at least in the Rookie section.
I also recall reading a Joe Ross e-book, and I think he metioned something called a "gimme" bar, which was similar to a pin-bar.
Good luck, and best wishes,
David
- #188
- Jun 30, 2008 7:06pm Jun 30, 2008 7:06pm
- | Joined Jun 2007 | Status: Trader | 1,021 Posts
Giraia, thanks for your reply. I'm definitely NOT a genius, heck I'm not even consistently profitable...... yet.
I did a search for the "Akuma99 is naked" thread, but couldn't find it, at least in the Rookie section.
maybe point the forum is against the rules, i don't know. But Akuma is one veteran from here.
i sent a message to him so maybe he can explaing better.
best regards
PS: i mentioned Joe Ross two times so people maybe can think that i endorse his methods. Far away from it. I recomend everyone read this link:
http://tradersezine.com/traders-ezine-48.htm
- #189
- Dec 11, 2008 3:04pm Dec 11, 2008 3:04pm
- Joined Aug 2007 | Status: Trader | 3,135 Posts
This question has turned out to be a little quest for me. I've given it a lot of thinking. I was absolutely sure that market wasn't random but now I share second thought about it. I'm glad I have an open mind, else I would have missed this knowledge.
My main issue was the definition between random and not random. It has already been posted in this thread but it doesn't matter for the core essence of this discussion, or at least not for this post. If I could guess how much of the market is random, I would probably guess 90-95% of the time, it is. It really doesn't matter either, but at least I'm convinced that most of the time the market is random.
What is the question here, as many forget when having a discussion, is how we can profit from it? Like Igrok says, it not the question why that matters. We should care more about where, when and how much.
So, if you want to study, I would define these elements as crucial, without mentioning the standard ones like MM etc etc;
My main issue was the definition between random and not random. It has already been posted in this thread but it doesn't matter for the core essence of this discussion, or at least not for this post. If I could guess how much of the market is random, I would probably guess 90-95% of the time, it is. It really doesn't matter either, but at least I'm convinced that most of the time the market is random.
What is the question here, as many forget when having a discussion, is how we can profit from it? Like Igrok says, it not the question why that matters. We should care more about where, when and how much.
So, if you want to study, I would define these elements as crucial, without mentioning the standard ones like MM etc etc;
- Trend. Oh you're so tired of hearing that, I would assume? Even with some simple understanding of statistic's you'll understand that trading with intra-day, weekly or monthly trend (all depend on what TF you're looking at) would give you an statistic advance.
- Range. Have you ever consider how much any pair can move (average) in a day/week/month? On every new day/week/month, you have a high probability for that pair to reach its daily/weekly/monthly range. A currency has never stood still for the entire week, has it? Sound like an edge when it comes to profit taking, yes?
- Patterns. If FA is your thing, you look for a profitable pattern within some economical numbers you're looking at, very easily described We have the same thing in TA although we look at a graph. Some patterns repeat itself but before you order a new car, I would consider this field as an very demanding art where it will take years of practice like every other profession.
Come to think about it, every aspect of trading could be considered as an art. No matter how bullet-proof templates you make for your trades, it will still need person (you) to verify and open a position (here is where emotions get it). And don't start with some damn EA talk like that is the option for your new car lol.
Measure twice, cut once
- #190
- Dec 12, 2008 5:35am Dec 12, 2008 5:35am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Cant agree more. Nice post aediaz1. Cheers
This question has turned out to be a little quest for me. I've given it a lot of thinking. I was absolutely sure that market wasn't random but now I share second thought about it. I'm glad I have an open mind, else I would have missed this knowledge.
My main issue was the definition between random and not random. It has already been posted in this thread but it doesn't matter for the core essence of this discussion, or at least not for this post. If I could guess how much of the market is random, I would probably guess 90-95% of the time, it is....
- #191
- Dec 12, 2008 6:39am Dec 12, 2008 6:39am
- Joined Jan 2008 | Status: Lunatic Supreme | 1,840 Posts
- #192
- Dec 12, 2008 6:49am Dec 12, 2008 6:49am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Absolutely. The market is random, except when it's not. Knowing when those opportunities will appear is the absolute definition of edge.
Measure twice, cut once
- #193
- Dec 12, 2008 6:49am Dec 12, 2008 6:49am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Cant agree more. Nice post aediaz1. Cheers
Measure twice, cut once
- #194
- Dec 12, 2008 8:06am Dec 12, 2008 8:06am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Not hard to guess what trader I look up to, eh ?
I always liked your methodics and drawings to be open - #195
- Dec 12, 2008 8:13am Dec 12, 2008 8:13am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
You for real buddy?
Measure twice, cut once
- #196
- Dec 12, 2008 8:24am Dec 12, 2008 8:24am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
What, Igrok? Why not? He seems to be knowing he's stuff.
- #197
- Dec 12, 2008 8:52am Dec 12, 2008 8:52am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #199
- Dec 12, 2008 9:12am Dec 12, 2008 9:12am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Measure twice, cut once
- #200
- Dec 12, 2008 9:31am Dec 12, 2008 9:31am
- Joined May 2008 | Status: has long shorts | 2,584 Posts