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The truth about trading

  • #121
  • Jan 21, 2010 3:13pm Jan 21, 2010 3:13pm
Quoting Parazite
Don't you get it the markets are all manipulated.
It is the one and only truth!!!
Of course, that must be it! If it wasn't for those big bad institutions you would have made billions on the financial markets ......
-Razorjack
  • #122
  • Jan 21, 2010 3:15pm Jan 21, 2010 3:15pm
The markets are manipulated on the small (or sometimes large) scale, but you can never corner supply and demand forever. Eventually pure economic law will triumph.
  • #123
  • Jan 21, 2010 3:29pm Jan 21, 2010 3:29pm
Quoting The Fool
You rang?

Institutional traders don't give a rat's ass about the retail trader's mini-lot trades. Don't you know anything about trading?
...multiply those mini lot trades by few thousands daily traders all over the world....belive me, they hunt those areas every single day for a nice profits.
If you have a oportunity to fight helpless small fish, wouldnt you rather
chose easy profit, or would you risk your ass playing some big players who could wipe you out with ease???
  • #124
  • Jan 21, 2010 3:33pm Jan 21, 2010 3:33pm
Quoting Razorjack
Of course, that must be it! If it wasn't for those big bad institutions you would have made billions on the financial markets ......
LOL...good luck, you will need it!

It is all about manipulation.....figure out how to play their game,
and price chart is all you need.
  • #125
  • Jan 21, 2010 3:35pm Jan 21, 2010 3:35pm
Quoting slimcat
thanks fxsurfer, i see what you mean, looks like mini resistance and support areas then.

cheers J
Yes, but not always mini. A sell-off of a mini resistance in a market that is generally sliding (sound familiar?) can really snowball. Of course, it can't be this simple.
  • #126
  • Jan 21, 2010 3:42pm Jan 21, 2010 3:42pm
Quoting Parazite
LOL...good luck, you will need it!

It is all about manipulation.....figure out how to play their game,
and price chart is all you need.
My friend, luck helps, but truly understanding what moves the markets works much better.

I already know their game, I basically trade long term like most of the institutions do, except that I've learned to get in slightly "ahead of the market".

When I get it right, I essentially let the institutions push the markets in my favor and make me money!

See post #62 in this thread.
-Razorjack
  • #127
  • Jan 21, 2010 3:47pm Jan 21, 2010 3:47pm
Quoting Razorjack
My friend, luck helps, but truly understanding what moves the markets works much better.

I already know their game, I basically trade long term like most of the institutions do, except that I've learned to get in slightly "ahead of the market".

When I get it right, I essentially let the institutions push the markets in my favor and make me money!

See post #62 in this thread.
At least someone who understand the market microstructure....
I saw your posts on twoblinks thread, nice.....
....... try some pascal piramid averaging-out
  • #128
  • Jan 21, 2010 4:28pm Jan 21, 2010 4:28pm
Quoting FXSurfer
(since, as has been pointed out, TF's are a myth).
Where did you read that?
  • #129
  • Jan 21, 2010 4:29pm Jan 21, 2010 4:29pm
Quoting Mr demark
I even have a program that lets me trade the past data as if it was live .
Where is that posted? I would like to try that.
  • #130
  • Jan 21, 2010 4:31pm Jan 21, 2010 4:31pm
Quoting kennyjohnson
Another sane voice.
Maybe sane is not the most appropriate word. Civilized may be better. Or tolerant.
  • #131
  • Jan 21, 2010 4:33pm Jan 21, 2010 4:33pm
Quoting Moody
The truth about trading:

You'll never make money until you understand your edge and practice to perfection.
Great quote!
  • #132
  • Jan 21, 2010 4:38pm Jan 21, 2010 4:38pm
Quoting Razorjack
So here you go Turveyd, here's one just for you!

So far my open profits with this trade and others is 38% of my balance. And I'm planning to ride USDCAD to 1.0850, adding to my position on the dips and ride AUDUSD down to 0.87 adding to my position on the rallies.

Classic position trading!

Please tell me again how long term traders only make 10-15% per year .....
http://cdn.forexfactory.com/attachme...1&d=1264000085

Can you provide your template? I am intrigued.
  • #133
  • Jan 21, 2010 5:09pm Jan 21, 2010 5:09pm
Quoting Turveyd

Nothing really works, as nothing can REALLY Accurately Predict the Future
I predict there will always be people saying that nothing works because they have been unable to make anything work for them.

For whatever reason, some think that talking in absolutes (never, always, can not, will not, etc.) make them appear smarter and wiser.....
  • #134
  • Jan 21, 2010 5:45pm Jan 21, 2010 5:45pm
Quoting moneymaker2
I predict there will always be people saying that nothing works because they have been unable to make anything work for them.

For whatever reason, some think that talking in absolutes (never, always, can not, will not, etc.) make them appear smarter and wiser.....

No there is NO WAY to accurately predict the future, but you can see which way it's going and jump on it, where the ride end no body knows or where the ride starts.

That is your best bet, anyone trying to predict a bottom / top for entry is doing so against the trend and is playing a losers game.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #135
  • Jan 21, 2010 6:13pm Jan 21, 2010 6:13pm
Quoting kennyjohnson
Where is that posted? I would like to try that.
Use a decent charting package. They'll have replay.
  • #136
  • Jan 22, 2010 8:41am Jan 22, 2010 8:41am
Quoting moneymaker2
I predict there will always be people saying that nothing works because they have been unable to make anything work for them.

For whatever reason, some think that talking in absolutes (never, always, can not, will not, etc.) make them appear smarter and wiser.....
I'm not saying that you should use it, but , if you read the Vegas 1hr tunnel material, and STUDY lots of historical charts based on this method , you will see that there IS a way to predict price movements, not with 100% BUT with a reasonable accuracy. Accurate enough to make a profit, IF you trade it correctly.
  • #137
  • Jan 22, 2010 9:10am Jan 22, 2010 9:10am
Quoting TheGreatMilenko
I'm not saying that you should use it, but , if you read the Vegas 1hr tunnel material, and STUDY lots of historical charts based on this method , you will see that there IS a way to predict price movements, not with 100% BUT with a reasonable accuracy. Accurate enough to make a profit, IF you trade it correctly.
I will certainly give that a look, thanks! But I definately agree that there are ways to predict price movement enough to make a profit...I do it all the time, just for smaller pips and shorter time frames.

Predicting price movement doesn't necessarily mean predicting tops and bottoms, but just the direction of the market and if it is worthwhile to get into the trade. In a sense, we all do it.....now whether we are good at it or not ......well, consistant profitability will tell you that!
  • #138
  • Jan 22, 2010 9:12am Jan 22, 2010 9:12am
Quoting moneymaker2
I will certainly give that a look, thanks! But I definately agree that there are ways to predict price movement enough to make a profit...I do it all the time, just for smaller pips and shorter time frames.

Predicting price movement doesn't necessarily mean predicting tops and bottoms, but just the direction of the market and if it is worthwhile to get into the trade. In a sense, we all do it.....now whether we are good at it or not ......well, consistant profitability will tell you that!

You don't need to predict anything to see which way the market is going though, the people who make money do this, the people that attempt to predict things generally fail.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #139
  • Jan 22, 2010 9:14am Jan 22, 2010 9:14am
Quoting Turveyd
You don't need to predict anything to see which way the market is going though, the people who make money do this, the people that attempt to predict things generally fail.
+1
"The markets are the greatest chess match ever played."
  • #140
  • Jan 22, 2010 9:16am Jan 22, 2010 9:16am
Quoting Turveyd
You don't need to predict anything to see which way the market is going though, the people who make money do this, the people that attempt to predict things generally fail.
You don't predict where it's going, you are correct, you SEE where it's going. BUT possible and probable areas where the price move to , relative to the 1hr tunnel, on a regular basis , are excellent area to take off profits.
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