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No more BS - What have you learned?

  • #461
  • Sep 21, 2010 3:56am Sep 21, 2010 3:56am
Quoting valpre
I've learned that people with lots of vouchers also don't agree
Very Observant I would go a bit further and say perhaps people with 10V have prob been around long enough to hold a valid opinion and are confident enough to state it

But your right
Time hides Nothing
  • #462
  • Sep 21, 2010 4:15am Sep 21, 2010 4:15am
Quoting CindyXXXX
Very Observant I would go a bit further and say perhaps people with 10V have prob been around long enough to hold a valid opinion and are confident enough to state it

But your right

No they just talk the right BS to fit in and make mates which then V them most of the time rather than trading experience.

Navin for instance, 20+ V's don't think he's yet made a profitable live trade.

Most of the self proclaimed Guru's are still trading Demo accounts to.


Come FF, make it so we can easily post our trades live, to prove our value.

Even I've got 10v's see my point.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #463
  • Sep 21, 2010 4:34am Sep 21, 2010 4:34am
Quoting Turveyd

Come FF, make it so we can easily post our trades live, to prove our value.

Even I've got 10v's see my point.
Its easy you just say...

Hm EUR is going to 13197 today
Time hides Nothing
  • #464
  • Sep 21, 2010 4:38am Sep 21, 2010 4:38am
  •  valpre
  • | Joined May 2010 | Status: Up or down? Which way wil it go? | 17 Posts
Hi all

Sorry that was just a joke and not intended to cause offense or more hostilities.

Yes Cindy I agree. If youve been at this game long enough you do have certain convictions. I've been doing this for four years and have formed my own opions about stuff. Its just interesting to see people argue about everything that each other have to say (like I'm probably going to get now).
In my opinion there is no one way that works for everybody. There is no one size fits all. You have to find what works for you, something that your eyes can see and your mind can understand.
Look at THV for instance. That system has been downloaded like 250 000 odd times and I promise you I don't think 5000 people are still using it because you need to use your own discretion before taking a trade and how can you do that if you don't really now what the indicators are telling you. If you cant see and understand it. And I promise you nobody trades it like Cobra does. Why? Because he made that system. He can see it! He gets it!

Peace and many pips!
  • #465
  • Sep 21, 2010 4:40am Sep 21, 2010 4:40am
Firstly, you have to know yourself, your emotions,
your ability to execute trades (in a fast manner
or slowly), what timeframe you wanna trade and how often,
what degree of discretion you wanna deal with
(more discretion = more emotional turmoil).

Personally I like to trade from 1H chart without any indicator
any trendline, just naked white-black bar chart.
My trading activities and structure:

1. Watch your market.
2. Get familiar with great setups.
3. Wait for a great setup.
4. Execute trade.
5. Manage and close your trade according to your strategy.
5. Make a visual picture of your trade and make notes.
6. Wait for another great setup.

After 30 trades you'll know quite good about your trading statistics,
and you'll be able to apply appropriate MM.
  • #466
  • Sep 21, 2010 3:44pm Sep 21, 2010 3:44pm
Quoting CindyXXXX
Very Observant I would go a bit further and say perhaps people with 10V have prob been around long enough to hold a valid opinion and are confident enough to state it

But your right
Cindy,

You hit on a key point there. Opinion being the key word. Unforetunately time doesn't give a trader more wisdom nor does time make a bad trader any better. I constantly see the old timers on FF giving their opinions but few are based on fact unless you define fact as their experience.

As with some of the posters on this thread they keep missing seeing the total picture. One will say I've tried this and I've tried that and they are just plain garbage. The fact is they are speaking from their experiences and what they say is based on their version of reality.

If you've ever seen an old movie clip of some old flying machines falling from a cliff you will understand my point. All of those people attempting to fly and after failing badly would have said that men will never fly as they tried it and it was impossible. Key elements and known facts of the time period were generally ignored by these wannabe inventors. Only a few reseached history to find that great minds of the past already had most of the answers and only lacked the power of an engine to propel them into the wild blue yonder.

When traders use only a small piece of the puzzle such as one indicator and try to make a trading method they have only limited success. It is constantly shown on new threads the same ideas that were tried years ago with the same mediocre results.

Even the Wright brothers reinvented things because of the lack of research and education on their part. The availability of known facts was limited back then and difficult or impossible to find at the local library. Today we can just Goggle it and voila we have what we are searching for in a micro second.

Why do we keep seeing the one indicator threads after so many have failed before them? It would seem that we have not progressed much from the days men and their machines fell off the cliff in their failed attempts at trying to fly. We now just have an easier way of jumping off cliffs and it's called Forex trading. I've jumped off these cliffs myself many times and wonder now what was I thinking. I luckily survived the fall as I refused to jump from the highest cliff due to fear of the sudden stop at the end.

So ask yourself the next time you trade is this just another cliff I'm jumping off?

Happy cliff jumping,

Johnny
  • #467
  • Edited 4:02pm Sep 21, 2010 3:52pm | Edited 4:02pm
Johhny,

Like most people your in the belief that indicators work, they don't, if you understood the maths which make them most being really simple you'd understand they can't, yes the post a picture of whats happened but reading the chart is always a better picture.

MACD which is basically a EMA and SMA on your chart and the difference between the 2 is about the best bet.

RSI is just where you are compared to the last Low/High surely you can see that on the chart much better.

MACD is to lagging to use you only trade major trends ofcourse.

I'm not saying they don't work based on trading experience, I'm saying they don't work based on researching the code which makes them and testing them statistically and scientifically, nothing can see the future, nothing can tell you when a major buyer will stop buying.

Not that I can't post a very pretty picture with a EMA and a few WMA's which help me gauge current live real actual direction see the pic!!

Why do they work so well ?? buy and sell programs in short!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Pretty Picture.jpg Size: 171 KB
Click to Enlarge Name: pretty pic 2.jpg Size: 173 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #468
  • Sep 21, 2010 3:57pm Sep 21, 2010 3:57pm
Quoting Turveyd
Johhny,
Inserted Video
Time hides Nothing
  • #469
  • Sep 21, 2010 4:01pm Sep 21, 2010 4:01pm
Quoting JohnnyBSmart
Today we can just Goggle it and voila we have what we are searching for in a micro second.
But its not quite that simple. If you apply this to trading, there's a massive amount of disinformation. Even if you do know what your looking for, its like looking for a microscopic needle in an extremely large haystack

Expecting to find answers simply by typing a term into google is also a large part of the problem.
  • #470
  • Sep 21, 2010 4:03pm Sep 21, 2010 4:03pm
Quoting CindyXXXX
http://www.youtube.com/watch?v=NPm_9YWRKMA

LOL hate it when I press the wrong key and post a empty post like that.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #471
  • Sep 21, 2010 4:06pm Sep 21, 2010 4:06pm
Quoting Razzle
But its not quite that simple. If you apply this to trading, there's a massive amount of disinformation. Even if you do know what your looking for, its like looking for a microscopic needle in an extremely large haystack

Expecting to find answers simply by typing a term into google is also a large part of the problem.

Correct, most of it is lies started and taught to do nothing but cost retail our hard earned money, passed around by pretenders who claim they can trade as being fact.

I hate BS, why I take the stand I do, if I can persaud only a few then my rants are worth it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #472
  • Sep 21, 2010 4:38pm Sep 21, 2010 4:38pm
Quoting CindyXXXX
http://www.youtube.com/watch?v=NPm_9YWRKMA
Cindy,

Now that's funny.

Johnny
  • #473
  • Sep 21, 2010 4:44pm Sep 21, 2010 4:44pm
Quoting JohnnyBSmart
Cindy,

Now that's funny.

Johnny
haha you guys cant resist a battle - My guess is everytime you're going short Turveyd is going long haha
Time hides Nothing
  • #474
  • Sep 21, 2010 4:59pm Sep 21, 2010 4:59pm
Quoting Razzle
But its not quite that simple. If you apply this to trading, there's a massive amount of disinformation. Even if you do know what your looking for, its like looking for a microscopic needle in an extremely large haystack

Expecting to find answers simply by typing a term into google is also a large part of the problem.
Razzle,

You are only partly correct and one must first have a questioning mind and not believe everything written. The fact there are idiots writing books who can't trade and reading their books will teach you very little is no different.

Indicators, Forex terms, candlestick formations and candlestick patterns just to name a few can be found and good information is available for all to read. Choosing not to learn just because everything written is not correct is putting your head in the sand. It's not that difficult determining the good information from the bad as it's being posted here as well.

Johnny
  • #475
  • Sep 21, 2010 5:03pm Sep 21, 2010 5:03pm
Quoting CindyXXXX
haha you guys cant resist a battle - My guess is everytime you're going short Turveyd is going long haha
Cindy,

You are probably correct but I still gots my shorts when I'm done trading.

Johnny
  • #476
  • Sep 21, 2010 5:17pm Sep 21, 2010 5:17pm
Quoting JohnnyBSmart
Razzle,

You are only partly correct and one must first have a questioning mind and not believe everything written. The fact there are idiots writing books who can't trade and reading their books will teach you very little is no different.

Indicators, Forex terms, candlestick formations and candlestick patterns just to name a few can be found and good information is available for all to read. Choosing not to learn just because everything written is not correct is putting your head in the sand. It's not that difficult determining the good information...
Candle stick patterns are classic BS, all named by the Chinese to make them sound good, what happens on 1 candle stick gives zero predictive ability to the next and if you slide the start and end time around you'll notice there RANDOMLY formed nothing more. But you still here ohhh my 4H chart had a Pinbar so the market will do X and guess what 50% of the time it will do, doesn't make them right.

Not like the Chinese elders even trade LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #477
  • Sep 21, 2010 5:20pm Sep 21, 2010 5:20pm
Quoting JohnnyBSmart
It's not that difficult determining the good information from the bad as it's being posted here as well.
Thats the problem, it is diffcult. Its practically impossible for most people because they cant differentiate good from bad.

They wont be able to do so until they stop wasting their time reading the kind of nonsense posted on forums.

Very occassionally someone posts genuinely useful information, and you can guarentee that when it happens, its completely ignored !

The situation is completely insane, a bunch of people who are by and large completely clueless, seeking advice either from equally clueless people, or those with an adgena to exploit their ignorance for financial gain.

Its amusing and entertaining at times but you couldnt actually design a worse process for helping people even if you tried.
  • #478
  • Sep 21, 2010 5:25pm Sep 21, 2010 5:25pm
Quoting Razzle
Thats the problem, it is diffcult. Its practically impossible for most people because they cant differentiate good from bad.

They wont be able to do so until they stop wasting their time reading the kind of nonsense posted on forums.

Very occassionally someone posts genuinely useful information, and you can guarentee that when it happens, its completely ignored !

The situation is completely insane, a bunch of people who are by and large completely clueless, seeking advice either from equally clueless people, or those with an adgena to exploit...
so true... Particularly about people not knowing a "good" comment when it slaps them in the face. Its like someone just spoke in another language - they just nod and turn back to the only language they know: BS

Blind leading the blind leading the blind leading the blind. There'll be some sore heads tommorow

you just look at the shere number of people in the crappest part of this forum "trading systems" and you see the problem -

Factory is a great name actually - people are manufactured into fools from the get go.
Time hides Nothing
  • #479
  • Sep 21, 2010 5:32pm Sep 21, 2010 5:32pm
Quoting CindyXXXX
so true... Particularly about people not knowing a "good" comment when it slaps them in the face. Its like someone just spoke in another language - they just nod and turn back to the only language they know: BS

Blind leading the blind leading the blind leading the blind. There'll be some sore heads tommorow

you just look at the shere number of people in the crappest part of this forum "trading systems" and you see the problem -

Factory is a great name actually - people are manufactured into fools from the get go.
Well said.

I wasted 6months doing the EA route as I'm a programmer it made sense but there isn't a profitable long term system if there was someone would of found it and we'd all be billionaires and money would be worthless already.

You profitable yet Cindy ?? if not why not ? ( not as a insult, but it seems you might have above average intelligence )

As I say, Average intelligence is not enough to make it as a trader and most people are average.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #480
  • Sep 21, 2010 5:43pm Sep 21, 2010 5:43pm
Quoting Turveyd
I wasted 6months doing the EA route as I'm a programmer it made sense but there isn't a profitable long term system if there was someone would of found it and we'd all be billionaires and money would be worthless already.
How do you think quant funds make their money?

And yes, some of these funds manage billions.
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