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trading together

  • #1
  • First Post: Nov 5, 2005 3:39pm Nov 5, 2005 3:39pm
I was thinking how we can improve our performance if we trade together.
I think I have argument about why we must share our expectations.

We are representatives of different nations: US, UK, Japan and so on. we have different psychology and habits. Each of us trades based on their own expectation about market and sometimes our expectations are identical. What I mean is that if our expectations are identical we can consider that most of traders in the world think so. Choosing is the well-known method of statistical investigation. Consider that we are representatives of groups of traders and one trader from one group represents whole group.
Now think about what moves currency market. Market moves is caused only by traders' decisions. Nothing can move currency market except traders' orders.
So as traders make their decisions based on their beliefs we can find out this decisions easily.

Let's just try. lets all members of FF write somewhere their expectations and market entry points (stop orders). And if this expectations are identical we have great picture of the market.

comments please!

thanks
kiss the trend
  • #2
  • Nov 5, 2005 4:06pm Nov 5, 2005 4:06pm
Aren't we doing something like this in the Chart and Journal Factories!?

I agree that we need a bit more non US representation. I was looking for a UK pundit to bounce ideas from. I appreciate that traders are following the interest rates but I'm also looking for opinions on the housing market, unemployment, trade bal, inflation etc.

Same for Europe, Japan, Australia from people from those regions.

I know that if I really wanted to I could read alot of boring economic data and / or lurk on other forums but I would be more interested in readers opinions here to be honest.

Merlin & Nader have got the US covered pretty well. So thats a good start at least!

Quoting fx-trader777
I was thinking how we can improve our performance if we trade together.
I think I have argument about why we must share our expectations.

We are representatives of different nations: US, UK, Japan and so on. we have different psychology and habits. Each of us trades based on their own expectation about market and sometimes our expectations are identical. What I mean is that if our expectations are identical we can consider that most of traders in the world think so. Choosing is the well-known method of statistical investigation. Consider that we are representatives of groups of traders and one trader from one group represents whole group.
Now think about what moves currency market. Market moves is caused only by traders' decisions. Nothing can move currency market except traders' orders.
So as traders make their decisions based on their beliefs we can find out this decisions easily.

Let's just try. lets all members of FF write somewhere their expectations and market entry points (stop orders). And if this expectations are identical we have great picture of the market.

comments please!

thanks
  • #3
  • Nov 6, 2005 2:54pm Nov 6, 2005 2:54pm
777, if we all post our entry, stop etc, how would that work if everyone is trading on different time frames? some of us are short term, some long term, most are in the middle somewhere.

we could, however, create polls that let members vote "bullish" or "bearish" on each currency. that way we could get a general sense of where the collective group is leaning.
Relax and be happy.
  • #4
  • Nov 7, 2005 4:43am Nov 7, 2005 4:43am
I agree with Merlin. It's pretty difficult to create trade opinions from everyone over here. However, it is still possible to get overall opinions and suggestions regarding the different currency pairs, indices of different markets, futures and commodities, etc...But this will be mainly long term views and opinions as short term predictions will vary widely between different traders over here due to different trading zones, styles and so on.

Thanks,

Nader
  • #5
  • Nov 7, 2005 9:08am Nov 7, 2005 9:08am
Quoting merlin
777, if we all post our entry, stop etc, how would that work if everyone is trading on different time frames? some of us are short term, some long term, most are in the middle somewhere.

we could, however, create polls that let members vote "bullish" or "bearish" on each currency. that way we could get a general sense of where the collective group is leaning.
OK but this poll must be about intraday expectation.
Great idea. Let's do it.
kiss the trend
  • #6
  • Nov 7, 2005 11:34am Nov 7, 2005 11:34am
sounds like a great idea
Pip Goes The Weasel
  • #7
  • Nov 7, 2005 12:32pm Nov 7, 2005 12:32pm
the "Forex Factory Intraday USD sentament index" ?
  • #8
  • May 8, 2019 5:46am May 8, 2019 5:46am
I agree. because together it will facilitate the work.
  • #9
  • Last Post: May 8, 2019 5:52am May 8, 2019 5:52am
Quoting Nathaniel711
I agree. because together it will facilitate the work.

!!!! last post is from 2005 !!!! :-D
(.)(.) think first ...
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