DislikedPS: just read this and im talking crap, still a bit pised from last night. just ignore it.Ignored
Congratulations ScalaFX for coming out of the closet!
Fibnacci trading..Are U thinking what i'm thinking? 76 replies
BDFS - Thinking out from the Box 3 replies
Definition of Bullish Outside Engulfing and Bearish Outside Engulfing 3 replies
Thinking out of the box and The Anti-Bell Curve experiment 1 reply
Think Outside the Box 26 replies
DislikedPS: just read this and im talking crap, still a bit pised from last night. just ignore it.Ignored
Dislikedpip_seeker part 1 : watched the number 23 today. admittedly i'm still quite sleep-deprived, but i found it entertaining at least. if i had to correlate it to fx i'd say that the entire skunny fib thread is a great partner to this movie. you could also say that new trading students often search for the inner-secret codes within markets... but that's not to say that there isn't an underlying degree of order to the markets that can be exploited, there has to be else no one would truly be 'making' money and they would simply be 'winning' money.Ignored
Dislikedpip_seeker part 2 : you have misunderstood my faith statement, but as per above with sauron i can't always express to the degree necessary what i want to say. wins, losses, bigger wins than others, bigger losses than others, streaks of either... these things don't concern me more than they should. what concerns me is trading behaviors such as not using stoplosses or drawing lines on my screen expecting them to have meaning and so on or trading fib lines as an example. interestingly, i'm not one to say that s/r trading isn't viable as jag puts it...Ignored
Dislikedi suppose another way to spin it is to say that an underlying story is applied to the movements of a market by each trader. some are following the correct story and others are taking guesses and getting it wrong. no one wants to blindly follow rules if they don't make sense and don't have a "why" factor. knowing why something is or is not true is a step in the right direction and one less "faith" factor.Ignored
Dislikedthat's my take on the point of this whole thread. we can all make up stories and throw nonsense at a chart. not everyone can squint the right way and see the dollar signs hiding right there on the chart.Ignored
QuoteDislikedFind the risk you can live with and trade. All that matters is that you are profitable. Rhyme and reason doesn't matter. If you want a guarantee go to your local bank and open a CD, but don't complain when inflation eats you for lunch.
QuoteDislikedno one knows how something will turn out before it does, some may say they do but this is a complete lie.
QuoteDislikedIn the end every trade is a guess... because if it wasn't you would never have a loss. But if you go by statistics and you know from previous results that 75% of the time you are right it wouldn't appear so much as a guess now would it?
DislikedWhat I like about the conversation between Trizzle and Jag is that Trizzle waits for the price to reach a S/R level before a trade but doesn't find the approach of Jag to be rational. I'm always asking myself, if Trizzle fundamentally analyses 2 currencies and decides on a direction, why waiting?Ignored
QuoteDislikedThere's also the problem of why somebody wins a trade. If based on price action around S/R jag wins in average 8 from 10 he actually has a good reason to continue trading in this way.
QuoteDislikedBut if Trizzle fundamentally analyses and then waits for S/T to minimize the risk, he doesn't know why he wins: is it because the price usually reverses around S/R or because the big money used the same analysis?
Dislikedbut surely those who claim an edge will at least be able to explain it (even if only to themselves) and know why over time it will make coin. whether it be a particular bar pattern, or magical fish-eye MA cross pointing to the moon, etc. there must be a rhyme or reason to pull the trigger, but am i wrong to think that why this rhyme or reason exists is some unknown factor... that is to say, do you think some people have an edge that they don't fully understand and / or appreciate why this apparent edge exists?Ignored
Dislikedi suppose another way to spin it is to say that an underlying story is applied to the movements of a market by each trader. some are following the correct story and others are taking guesses and getting it wrong. no one wants to blindly follow rules if they don't make sense and don't have a "why" factor. knowing why something is or is not true is a step in the right direction and one less "faith" factor.Ignored
What they have in common is that they are placing trades according to how they believe the markets to be moved.
I don't want to come off as my way being the only way, or comparing one method of trading to another - to each his own. That was not my intention of the direction of this discussion, which is bordering on the point of circular now - we are getting nowhere.
Perhaps we should just resume helping others to 'think outside of the box'...maybe there's more to it than just TA or FA?
Just a suggestion,
xXTrizzleXx
DislikedFor a pure chartist S/R is the best tool that you have. It does work for the simple reason that S/R provides reference points for future trades to be made. Limit orders get placed on them. Market orders get entered into them. S/R is where the bulls and the bears draw their lines in the sand. Cross the line and you run into market orders and limit orders. If price is going to reverse or break it's going to do it at those S/R lines. S/R is an important tool and I think it should be placed every traders tool box.
It's just ONE tool though. You have...Ignored
Dislikedhere are my thoughts on different systems, methods and approaches to trading
what's 4 + 4?Ignored
Dislikedi have a feeling you are expecting an answer like :
2^3
16/2
23 - 15
and so on...Ignored
Dislikedi have a feeling you are expecting an answer like :
2^3
16/2
23 - 15
and so on...Ignored
DislikedI just feel like people bicker on and on.. my point being STFU with the "my method is better then yours.. not uhhh.. my methods is..) and move on... ROFL
Ignored
Dislikedi must be more tired than i realize. i actually haven't noticed any bickering at all in this thread.Ignored
Dislikedthat seems awfully conflicting. trading without reason but making profits is basing profits on the unknown, isn't it? doesn't one need to know where there profits come from to ensure that they continue to generate profits and continue to replicate the positive results as time goes on?Ignored
DislikedFor a pure chartist S/R is the best tool that you have. It does work for the simple reason that S/R provides reference points for future trades to be made. Limit orders get placed on them. Market orders get entered into them. S/R is where the bulls and the bears draw their lines in the sand. Cross the line and you run into market orders and limit orders. If price is going to reverse or break it's going to do it at those S/R lines. S/R is an important tool and I think it should be placed in every traders tool box.Ignored
Dislikedthis is just getting pointless folks...
im going back to my dart board and tight risk managementIgnored
DislikedIn the end, everyone trades their own way that makes sense to them, be it trends, ranges, continuation, fading, name it what you want,...fundies, techies,.....on and on....
But the reality of the matter, is that any market, whatever it may be, is based on nothing more than supply and demand.
Each person interprets this in their own way or describes it with 'cool trendy' words.
If one knows the 'why' he has an understanding about what is going on.
If one where to trade a random line then by no means does he/she know 'why' it works...Ignored
DislikedFor a pure chartist S/R is the best tool that you have. It does work for the simple reason that S/R provides reference points for future trades to be made. Limit orders get placed on them. Market orders get entered into them. S/R is where the bulls and the bears draw their lines in the sand. Cross the line and you run into market orders and limit orders. If price is going to reverse or break it's going to do it at those S/R lines. S/R is an important tool and I think it should be placed in every traders tool box.
It's just ONE tool though. You...Ignored