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No more BS - What have you learned?

  • #381
  • Sep 16, 2010 6:39am Sep 16, 2010 6:39am
Quoting endroute
Aren't your magical moving averages on the 10 second charts indicators too, mr I am smarter than the rest of you but still not profitable, but still can't figure out that an MA is an indicator. I think you need to look at your own systems first before you start casting aspersions toward others.

MA's aren't indicators it's the average of a previous number of bars, they have zero predictive value, but they are a simple and effective way to see the current market direction.

My method is doing fine thanks.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #382
  • Sep 16, 2010 6:41am Sep 16, 2010 6:41am
Quoting endroute
so what is your basis for determining that you are smarter than anyone else?

I don't believe in the magic of indicators this alone makes me much smarter than you.

I don't make pointless predictions that come right 50% of the time.

I also understand the differences between, predicting and just going with the flow and seeing what happens.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #383
  • Sep 16, 2010 7:21am Sep 16, 2010 7:21am
Quoting Turveyd
I don't believe in the magic of indicators this alone makes me much smarter than you.

I don't make pointless predictions that come right 50% of the time.

I also understand the differences between, predicting and just going with the flow and seeing what happens.
Seriously Turveyd you have a right to your opinion but youve totally taken the thread on a path I never wanted it to go down - Its a free world and if you wish to continue the pissing contest go ahead but I am politely asking that you dont

Go make some pips or something
Time hides Nothing
  • #384
  • Sep 16, 2010 7:25am Sep 16, 2010 7:25am
Quoting CindyXXXX
Seriously Turveyd you have a right to your opinion but youve totally taken the thread on a path I never wanted it to go down - Its a free world and if you wish to continue the pissing contest go ahead but I am politely asking that you dont

Go make some pips or something

Sorry Cindy!!!

6mins till news then we'll see!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #385
  • Sep 16, 2010 7:50am Sep 16, 2010 7:50am
Quoting Turveyd
Sorry Cindy!!!

6mins till news then we'll see!!
No worries T
Time hides Nothing
  • #386
  • Sep 16, 2010 7:56am Sep 16, 2010 7:56am
Quote
Originally Posted by kingfisher

To start putting successful trades, i had to take a step back and learn more about brain- How neurons and synapses work inside the brain to make who we are
Interesting KF

Do you know any good resources on this?

We are born with 100 billion neurons. Neurons are cells where we store all our life- Memory, learning, patterns etc. Neurons communicate with each other through synapses. There are about 1000 trillion synapses.

When we start our life, we learn new things like language, culture etc. The neurons and synapses are getting used up and getting linked to each other to make what we are.

The harder i work, the luckier i get is a true saying. The harder one work, he is storing more information in neurons and creating a destiny for him.

When we revise something, the synapses get strengthen. This is the reason after 3-4 revision, one is able to recall a concept fluently.

I see traders are saying here entry is important, exit is important, SL is important but the most important thing is to work extremely hard so that we can use neurons inside our brain to store trading patterns, learning etc.

The best resources on web is to search for key words:

1) Neurons

2) Synapses

3) Brain plasticity

4) Neural network

If you ask me, this is the destiny. Any one on this planet can become a doctor if he can study 8 hours a day for 10 years. The reason is: With so much of learning and revision, he is using neurons and synapses in brain to form connections which is known as neural network.

This process is called brain plasticity- The more you learn, the more you revise, the more fluent you become.

What i have observed is trading is pattern repeation numbers game. There are patterns which repeat itself over and over again. Now it takes plenty of hard work to spot patterns, make notes of it and learn, revise, memorize and become fluent in trading patterns.

I tell every trader to start with big picture- How in this world your brain is so powerful PC that it has the ability to learn and store enormous amount of information? I had stopped trading for few months and researched more about it to understand the complete picture.
  • #387
  • Sep 16, 2010 8:18am Sep 16, 2010 8:18am
Quoting kingfisher
We are born with 100 billion neurons. Neurons are cells where we store all our life- Memory, learning, patterns etc. Neurons communicate with each other through synapses. There are about 1000 trillion synapses.

When we start our life, we learn new things like language, culture etc. The neurons and synapses are getting used up and getting linked to each other to make what we are.

The harder i work, the luckier i get is a true saying. The harder one work, he is storing more information in neurons and creating a destiny for him.

When we revise...
Thats cool KF thanks might do some investigationing !
Time hides Nothing
  • #388
  • Sep 16, 2010 8:29am Sep 16, 2010 8:29am
Quoting kingfisher
We are born with 100 billion neurons. Neurons are cells where we store all our life- Memory, learning, patterns etc. Neurons communicate with each other through synapses. There are about 1000 trillion synapses.

When we start our life, we learn new things like language, culture etc. The neurons and synapses are getting used up and getting linked to each other to make what we are.

The harder i work, the luckier i get is a true saying. The harder one work, he is storing more information in neurons and creating a destiny for him.

When we revise something,...
The strange thing is the difference in your brains ability to trade a demo or live account, amazing what the added stress and greed factors can do to you.

Taking a break is important it gives times for your neurons to adapt, after a break from trading I always come back trading profitably then something switches and a loser or 2 turns trashes everything and down my account goes.

I only suffer from this with trading, which is why I like trading, it's a challenge to be beaten, the money potential is secondary.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #389
  • Sep 16, 2010 8:46am Sep 16, 2010 8:46am
I think I fully understand it now after reading all these latest posts. I don't feel well right now so I'll beat my head against the wall and trade. After I stop trading and beating my head against the wall I'll feel so much better because I've stopped.

Have I got this correct or has my neurons stopped communicating with each other and taken a napses?

I'm sure the super intelligent will tell me or is the answer on another thread?

Johnny

PS: My real brain does well on Demos. Does anybody have an extra demo brain to trade a live account so I can make money. I want to try reverse Psychology.
  • #390
  • Sep 16, 2010 8:50am Sep 16, 2010 8:50am
Quoting JohnnyBSmart
I think I fully understand it now after reading all these latest posts. I don't feel well right now so I'll beat my head against the wall and trade. After I stop trading and beating my head against the wall I'll feel so much better because I've stopped.

Have I got this correct or has my neurons stopped communicating with each other and taken a napses?

I'm sure the super intelligent will tell me or is the answer on another thread?

Johnny

Sorry not today, lack of sleep has turned my brain to mush and my account is suffering, thankfully my trading day ends in 5mins as got to go out
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #391
  • Sep 16, 2010 9:19am Sep 16, 2010 9:19am
A trader asked an expert if he should sell his shorts on the USD/JPY after the huge reversal. He evidently wasn't using a SL and got run over by that big truck(Quantitative Easing).

In other words he's in the middle of the highway and a Truck ran him over. He's lying in the road and asking if he should get off the highway or is a truck in the opposite direction heading his way? This is what happens to a chartist who never listens to the news and hasn't a clue that quantitative easing is the name of the truck that just ran him over. He will be analyzing his charts for months trying to figure out why his indicators failed him.

If he was trading naked and "feeling the market" waiting for the market to tell him direction I'm sure he felt that truck up his rear end. He now has the direction firmly planted in his head.

Johnny
  • #392
  • Edited 10:44am Sep 16, 2010 10:14am | Edited 10:44am
  •  Czech
  • | Joined Feb 2010 | Status: You Don't Know What You Don't Know | 111 Posts
Turveyd i understand "your" MA isn't an indicator. What if someone traded with two MA's, would they be using an indicator? What if they traded two MA's and waited for them to cross?

Quote
I don't believe in the magic of indicators this alone makes me much smarter than you.
yikes..

And I'm not sure if the fact that you've been here for 4 years spinning wheels is a testament to how well your ideas are working OR how your cognitive abilities compare with what is necessary to succeed (since you brought it up).

One of the reasons trading naked is considered a good idea is because past price data has little to do with where price is headed. I'm glad you can rationalize an MA onto your chart and still feel special!

edit: i noticed you cited the fact that you were "long term profitable" in stocks an options. Why did you stop trading them? Did your wild success make you hate all material things, eventually forcing you to give up everything and find a new path in forex? Or did you get a margin call?
  • #393
  • Sep 16, 2010 10:50am Sep 16, 2010 10:50am
Quoting Czech
I'm glad you can rationalize an MA onto your chart and still feel special!
It is amazing to see how he self-hynontizes himself into believing he is special.
Most people use MAs. How special is it?
He made himself looks special when he said that he is not predicting the market, but in fact he made thing confusing.
A trend-follower, no matter use MAs as aids or not, need to predict the trend continue.
To predict is simply to take a view on what will happen; there is basically meaningless to trade without predicting.
  • #394
  • Sep 16, 2010 11:14am Sep 16, 2010 11:14am
Hey Cindy!

Your thread really seems to be a hot poker on everyone's ass. LOL!

Everyone: The question "What have YOU learned?" gives everyone a chance to share their thoughts and is meant mostly for OURSELVES to answer. We can "cross-examine" without ripping each others friggin' head off. Just shows our own frustration, if you ask me - which you didn't. Ha! Okay, I'm ready to run the gauntlet for expressing myself.
  • #395
  • Sep 16, 2010 11:20am Sep 16, 2010 11:20am
Hey FXS, where's this latest profile pic from? I don't remember seeing it in any old books lol

Quoting FXSurfer
Hey Cindy!

Your thread really seems to be a hot poker on everyone's ass. LOL!

Everyone: The question "What have YOU learned?" gives everyone a chance to share their thoughts and is meant mostly for OURSELVES to answer. We can "cross-examine" without ripping each others friggin' head off. Just shows our own frustration, if you ask me - which you didn't. Ha! Okay, I'm ready to run the gauntlet for expressing myself.
forget about tomorrow, just steal away into the night
  • #396
  • Sep 16, 2010 11:25am Sep 16, 2010 11:25am
Quoting spekitox
Hey FXS, where's this latest profile pic from? I don't remember seeing it in any old books lol
Ha! Found it floating in cyper-space. Books? What the hell are those?

Here. I'll change it back for you.
  • #397
  • Sep 16, 2010 11:31am Sep 16, 2010 11:31am
Alright, I thought it might be from an old book that I missed. Your call anyways.

Quoting FXSurfer
Ha! Found it floating in cyper-space. Books? What the hell are those?

Here. I'll change it back for you.
forget about tomorrow, just steal away into the night
  • #398
  • Sep 16, 2010 11:51am Sep 16, 2010 11:51am
Quoting grandstar
I am basically new. I have not...
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Hi, I highly recommend you winnersedgetrading, more than a signal service they leads you to the path of become a trader, and for the broker I like ibfx (now they have a office in Australia too), check those places and tell me what do you think. Good luck, buddy!!!
  • #399
  • Sep 16, 2010 12:15pm Sep 16, 2010 12:15pm
Quoting kk007
To predict is simply to take a view on what will happen; there is basically meaningless to trade without predicting.
You would think that would be painfully obvious to anyone capable of rational thought.

Why are traders so afraid of the word 'predict' anyway?

I hear this alot "I don't predict, I react", well what the hell does that mean anyway? You are still predicting that price will move in your favor after your awesome "reaction".

Trading is 100% about predicting....whether it be future price, future events, future behavior...I don't care what it is.

When you trade, you are, in fact, trying to predict the future, no ifs ands buts about it. And if you arent trying to predict anything, why would you even trade?
  • #400
  • Sep 16, 2010 12:24pm Sep 16, 2010 12:24pm
Quoting Aldente
Trading is 100% about predicting....whether it be future price, future events, future behavior...I don't care what it is.
OK, lets look at the typical trend follower. 40% win rate, 2:1 reward to risk.

6/10 times he predicts, he's predicting incorrectly !. Why would you think you where predicting if you got it wrong more than you got it right ?

Your not predicting, your playing probabilities, and there's a massive difference.
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