Stating The Obvious and The Quest For Wisdom | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Despair means - obvious 14 replies

Wisdom and virtue 4 replies

The quest for the best forex trading system 28 replies

The quest to be a Millionaire 16 replies

Wit and Wisdom of Wall Street 0 replies

Attachments: Stating The Obvious and The Quest For Wisdom
Exit Attachments

Stating The Obvious and The Quest For Wisdom

  • #441
  • Mar 15, 2010 7:29pm Mar 15, 2010 7:29pm
Quoting mr-T
I just got through reading this thread. I, in so many words, have been trying to say what Darkstar has been saying. Are there ways to exploit short term inefficiencies? Absolutely
see this is really what all you are after... you want to drive the race car, but only have your learners permit. Hell, Ive been trading for over 15yrs and I dont want to drive the race car. Why? because I cant Handel it, especially with a wife and 4 kids. This thing you seek takes more time than you have invested in all your TA learning career. And if you where shown...
Thanks for stopping by Mr T. I appreciate it, you got it man. Yeah the kids sure do put a new spin on the priorities.

I think instead of arguing with some of these guys you should just do a canned response: I pity the fool!
  • #442
  • Mar 15, 2010 7:37pm Mar 15, 2010 7:37pm
Quoting Scotty B
Hey guys. It's all good here. This thread is ground breaking in what HAS BEEN shared already! It's not like the information contained here is going anywhere. Keep studying on your own, you won't get it until you have all the basics down. Judging by some of your comments it's blatantly obvious that you don't even have the basic micro structure stuff down yet. This is not a bad thing, beleive me, go look over most of my old posts- I didn't have a clue for a long long time and as I've been saying, I'm not all the way there yet. Most of my old posts...
Just a warning I would verify you have all this worked out now by trading it and confirming it with results (for yourself). Im sure you have had many light bulb moments (like with fibs etc). Im sure you have found something but verify it first.
Economists have forecast 9 out of the last 5 recessions
  • #443
  • Mar 15, 2010 7:37pm Mar 15, 2010 7:37pm
One question for you order flow guys.

How do you implement order flow in forex since you don't know what orders are executed?
  • #444
  • Mar 15, 2010 7:38pm Mar 15, 2010 7:38pm
Quoting markmm
Just a warning I would verify you have all this worked out now by trading it and confirming it with results (for yourself). Im sure you have had many light bulb moments (like with fibs etc). Im sure you have found something but verify it first.
Good point. Scotty you admit yourself you have no track records as of yet.
  • #445
  • Mar 15, 2010 7:39pm Mar 15, 2010 7:39pm
I must be a hijacker too because from what I have read pipmutt is one of the few who seem to get "it".

Oh and btw for those don't know (most of you do) there is forex and then there is exchanges (i.e. for currency futures) but there are no forex exchanges - those are called bucketshops.

  • #446
  • Mar 15, 2010 7:41pm Mar 15, 2010 7:41pm
Quoting spekkiefx
One question for you order flow guys.

How do you implement order flow in forex since you don't know what orders are executed?
You need to start from the beginning, read all Darkstars/Gastons posts then read Harris's book, Olsens papers and watch a pair and also look for a news source for order rumours.
Economists have forecast 9 out of the last 5 recessions
  • #447
  • Mar 15, 2010 7:44pm Mar 15, 2010 7:44pm
Quoting SunTrader
I must be a hijacker too because from what I have read pipmutt is one of the few who seem to get "it".

Oh and btw for those don't know (most of you do) there is forex and then there is exchanges (i.e. for currency futures) but there are no forex exchanges - those are called bucketshops.

Theres one in my shopping mall, you can exchange £ for $ or euros.
Economists have forecast 9 out of the last 5 recessions
  • #448
  • Edited 7:52pm Mar 15, 2010 7:47pm | Edited 7:52pm
Quoting markmm
Your posts a a rambling mess of bits of things DS has said and tooting your own horn with some over quoted trading clichés. Your past posts haven't been much better either.

I digress, Whatever markmm. My past post have only been to new traders, in the (ROOKIE FORUM) hopefully helping them bridge TO the "due diligence".

The funny thing is, if , you ever do get this we wouldn't even be having this conversation...
  • #449
  • Mar 15, 2010 7:51pm Mar 15, 2010 7:51pm
Quoting markmm
You need to start from the beginning, read all Darkstars/Gastons posts then read Harris's book, Olsens papers and watch a pair and also look for a news source for order rumours.
Why don't you just tell me. Other than maybe currency futures contracts they don't exist. I personally don't buy into he is a guru story. The answer is always simple once you know it. The best comments I have heard are from sauron as I know he is right (thanks to an overclocked i7). For some reason people want to believe in these gurus who are not going to tell. Why would they, it took them a lot of time to find out.
  • #450
  • Mar 15, 2010 7:52pm Mar 15, 2010 7:52pm
Quoting mr-T
I digress, Whatever markmm. My past post have only been to new traders, hopefully helping them bridge the "due diligence"

The funny thing is, if , you ever do get this we wouldn't even be having this conversation...
So if I get this? Get what, I am not looking for anything, I have all the information I need.
Economists have forecast 9 out of the last 5 recessions
  • #451
  • Mar 15, 2010 7:56pm Mar 15, 2010 7:56pm
markmm just for you.

On your profile it says: oanda ecn.

sorry to break the news, oanda is a bucket shop.

Saying that I like there graphs
  • #452
  • Mar 15, 2010 7:58pm Mar 15, 2010 7:58pm
Quoting spekkiefx
Why don't you just tell me. Other than maybe currency futures contracts they don't exist. I personally don't buy into he is a guru story. The answer is always simple once you know it. The best comments I have heard are from sauron as I know he is right (thanks to an overclocked i7). For some reason people want to believe in these gurus who are not going to tell. Why would they, it took them a lot of time to find out.
Tell you what? the way you phrased your question shows that you don't really understand the basics, there is nothing to tell its just looking at the market in a way that it really works. Unfortunaley this takes some studying, there isn't a secret or magical pattern or source. I dont even care if this makes me profitable, I just like learning about the market.
Economists have forecast 9 out of the last 5 recessions
  • #453
  • Mar 15, 2010 8:00pm Mar 15, 2010 8:00pm
Quoting spekkiefx
markmm just for you.

On your profile it says: oanda ecn.

sorry to break the news, oanda is a bucket shop.

Saying that I like there graphs
I know that, I also have an account with a currenex broker, it should read oanda and ECN.
Economists have forecast 9 out of the last 5 recessions
  • #454
  • Mar 15, 2010 8:05pm Mar 15, 2010 8:05pm
Quoting Darkstar
I think the problem is in the way you phrase your challenges. There is a lot of passive agressive behavior in your writing. Its almost like your angry that nobody has noticed how much wiser and smarter you are then everyone else. Your not actually saying that; your implying it by the way your questions and comments are phrased.

I have no way of knowing if thats what you actually think or intend, but thats they way your posts sound (to me anyway) and its very annoying.

Now, if you want to say that its all BS then just say that its all BS and...
Well I'm sorry if I've offended your fragile sensibilities but I think the questions I've asked and the observations I've made are relevant. Yes I'm a skeptic for the reasons mentioned, and even more so seeing as questions people are asking are being replied to with cryptic answers or the standard "you don't get it, you're not there yet, but keep studying". It's hard not to be a skeptic, it sounds like avoidance to me.

As far as me being wiser or smarter I can't say, I don't even know you, but it's not important. All I can see are some vague and often cryptic ideas about order flow and the need to know the motives behind them, and a bit of general fundamental analysis which could just as easily be copied and pasted from Bloomberg or somewhere!

In the scheme of things this really isn't that important, it was an interesting subject but if you don't wish to discuss it openly then that's ok too.

Good trading to you regardless!
  • #455
  • Mar 15, 2010 8:07pm Mar 15, 2010 8:07pm
Quoting markmm
Tell you what? the way you phrased your question shows that you don't really understand the basics, there is nothing to tell its just looking at the market in a way that it really works. Unfortunaley this takes some studying, there isn't a secret or magical pattern or source. I dont even care if this makes me profitable, I just like learning about the market.
I have studied alright. I collect every tick of the majors and analyse these. I guess the difference we have is that I do care if it is I profitable. I to want to learn but only if there is a purpose. I agree there is no secret, that is what scotty has to learn with the I want to learn from the guru attitude. (-:

P.S the basics are very simple. buyer and seller, between that the spread
  • #456
  • Mar 15, 2010 8:12pm Mar 15, 2010 8:12pm
Quoting pipmutt
Well I'm sorry if I've offended your fragile sensibilities but I think the questions I've asked and the observations I've made are relevant. Yes I'm a skeptic for the reasons mentioned, and even more so seeing as questions people are asking are being replied to with cryptic answers or the standard "you don't get it, you're not there yet, but keep studying". It's hard not to be a skeptic, it sounds like avoidance to me.

As far as me being wiser or smarter I can't say, I don't even know you, but it's not important. All I can see are some...
I have to disgree with you there pip, to spend 1000's of hours studying and finding out stuff that makes money, you wont just tell everyone.

The fact is I have learnt more from reading Darkstars posts than anyone else on this forum. In fact his are the only posts that shed any light on the reality of the markets (Maybe another 1 or 2). I for one am thankful he posted anything at all, he has given anyone who has the drive to learn a pointer in the right direction.
Economists have forecast 9 out of the last 5 recessions
  • #457
  • Mar 15, 2010 8:13pm Mar 15, 2010 8:13pm
To me there is nothing to tell. You want to know the secrets of microstructure? Well, you cannot possibly expect anyone to write you a 50 page article on microstructure, so go figure that shit out yourself. You want the secret ingredient on how to trade it? From what I have gathered, the secret is there is no secret. For years I have been looking for that magical peice of info that will put it all together. It does not exist. Darkstar said it himself. Figure out how markets work and then trade them. That is it. You don't waste your time fucking up a good thread and expect to get better at trading. Put put your money on the line and get in the market. That is the only way to succeed.

This post here, describes the mindset on how one approaches an order flow based trade. This should answer many of your questions.
All I ask for is a chance to prove that money cannot make me happy.
  • #458
  • Mar 15, 2010 8:16pm Mar 15, 2010 8:16pm
Quoting Marsh
To me there is nothing to tell. You want to know the secrets of microstructure? Well, you cannot possibly expect anyone to write you a 50 page article on microstructure, so go figure that shit out yourself. You want the secret ingredient on how to trade it? From what I have gathered, the secret is there is no secret. For years I have been looking for that magical peice of info that will put it all together. It does not exist. Darkstar said it himself. Figure out how markets work and then trade them. That is it. You don't waste your time fucking...



THANK YOU!!!!!!!!!!!!!!!!
  • #459
  • Mar 15, 2010 8:16pm Mar 15, 2010 8:16pm
Quoting spekkiefx
I have studied alright. I collect every tick of the majors and analyse these. I guess the difference we have is that I do care if it is I profitable. I to want to learn but only if there is a purpose. I agree there is no secret, that is what scotty has to learn with the I want to learn from the guru attitude. (-:

P.S the basics are very simple. buyer and seller, between that the spread
Ok I meant study relating to this area, of course I want to be profitable, but I wont regret studying this if I am not as I enjoy finding out how thing work.

Well its 1:20am here in UK so night night all, thanks for starting this thread Scotty its excellent.
Economists have forecast 9 out of the last 5 recessions
  • #460
  • Mar 15, 2010 8:23pm Mar 15, 2010 8:23pm
Quoting markmm
I have to disgree with you there pip, to spend 1000's of hours studying and finding out stuff that makes money, you wont just tell everyone.

The fact is I have learnt more from reading Darkstars posts than anyone else on this forum. In fact his are the only posts that shed any light on the reality of the markets (Maybe another 1 or 2). I for one am thankful he posted anything at all, he has given anyone who has the drive to learn a pointer in the right direction.
What you have learned is your own as DS has not given anything away. Some vague blablabla. It is like a placebo, it may have you given the believe(confidence). Many things in forex work.
0 traders viewing now