Misdirections in retail trading / mt4

Well I was having a little "fun" with it... only because I can see the mentality on the other side of the coin of a "rigged" market. This hasn't necessarily been my experience overall. That doesn't mean I have blinders on either.

The past week is a prime example with all the fines issued by the CFTC /NFA for brokers ripping people off in various ways. Not to mention a CFTC judge blowing the whistle on another CFTC judge.

It's one thing to take blame of your own stupidity... but when you see all this other stuff going on it's almost like the brokers of the world came up with this advice to make stealing your money that much easier. Brilliant! Blame it on the trader.

But you got to the meat and potatoes of what I was trying to say in mentioning "conspiracy theory" without me even having to say it.

Good job.

yeah we've come a long way... in '98 most of the plotting for various indicators was done by hand on charting paper. Talk about slow and error prone.

Now we got people leaning too hard on the keyboard with sticky fingers.

And speaking of math... let me tell ya I've had my suspicions a long time now about that "9". I mean he may fool you but I know without a shadow of a doubt he's a "6" in disguise.

You can fool some of the people some of the time. BUT....

cool. thanks to those who took this in a completely different direction to the thread title and first page of posts.

I have nothing to add to the thread and wish you all success. No need for me to try to defend or explain the market and its structures. Trading has been good today and I have nothing to complain about. Best wishes and good trading.

2nd time, and won't bother saying it again.

this is not a conspiracy thread.

this is not a complaints thread.

Perhaps this is what is taking people off your intended course. The word "designed" infers possible intent. The list of things (eg, MT4, tick chart issue, bar/candle observations) were designed to disorientate and make things harder? Designed by mistake (so complain about the design) or a conspiracy (to make it harder or take your money)? Not sure what you are doing here, but I'm now out.

BTW -- E/J trades continue to move north; hope eveyone is enjoying the ride, too.

It's the title of the thread... "misdirections"

How do you "not" include conspiracy in the discussion with the title of the thread named as such?

Now it's a conspiracy to avoid talking about a conspiracy? Well maybe we need one more person to agree with the OP before that happens.

Head right this way to the padded trading room ------>

1) No matter the length of candles/bars price still works the same way, up then down, down then up. To understand those movements is to understand the general look of price, mostly making timeframe irrelevant.

2) No

3) Yes, price is rather unitless, trying to fit it into a unit of a minute is really pointless and saying thats the unit of price is wrong. But when looking at something in reality, and all things having the exact same property as price in that its unitless, we can force upon it a mold in order to understand it better. We must know that the mold we force upon the unitless non thing is by us imposed. In so being, the mold must tell us something we didnt know without the mold, if not we should not use that mold. So price is unitless but we can try to understand it in units. That understand will of course be a fallacy and a approximation, but that is how all our human knowledge is, fallacious and approximated.

4) People delude themselves with indicators enough as is, i dont think there need be any person to do it willingly. There probably is anyway, but thankfully we have the charts to refute their claim.

5) Its OK for me, sometimes i close on +0.4, sometimes on -0.4, doesnt matter if i would have closed on +0 both times.

6) TV is something. Advertisment is something. TV is paid by advertisment. TV is advertisment. Advertisment is conditioning people to behave in a specific way. Conditioning people to behave in a specific way is brainwashing. Brainwashing is subversion. Subversion is a tactic used in war, make the enemy think something detrimental to their strategic situation. So advertisment is a war on the minds of people, leveraging the product of the military industrial complex into the minds of the people. Perhaps from that you can draw the conclusion that what is told in advertisment is probably further from the truth then any sacred text telling you about a dude that you cant see, blasting people with bolts for touching his metall junk, having a son that wasnt born and didnt die and then we are going to eat his flesh and drink his blood in a special house of stone while an old dude with a hat touches us and mumbles some stuff.


About the picture: CCI is optional, you can train your eye/brain to recongnize the pattern. Its not a matter of if it works, its price, it cant seize to work, if it seizes to work it seizes to be price. You cant fail to trade price, price is always right. Use price as your indicator, it indicates itself. Even though as i said, its not divided into candles as it is, we are dividing it.

i think that mt4 doesnt suit nubcake because its no hes way of trading
if u look at stocks/futures they offer orderbooks ,level 1-2 exchnange data
buyers and sellers
u can track what goes in and out
and determine with those where the price will go
thats what best traders do

but if u look at it
in forex ,we have what we have we are limited,so trading forex all the time, might not be ur thing,try futures and sp500
u might be good at those,or only trade on fundemental factors
like instability in oil nations,guddafi threating to blow up the oil fields in lybia
brent crude going to 116
from 100 in 3 days

i second that the brokers are making it harder for us to make money
they give us all this shit to use,which doesnt even work and ea;s that loose money
i mean whos crazy enough
ouh wait looser uniformed traders are
who are promised big gains by trying to forecast the future by looking at the past

but looking at the past is very useful if u know why ur looking at past,
like when u look for price inefficincies
or stuff like that