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Thinking Outside the Box!?!

  • #541
  • Jun 20, 2011 7:27am Jun 20, 2011 7:27am
Quoting newyear498
Lol, nubcake its like your disagreeing.. but if you look again I covered most of what you said.. mostly in the bolds as well..

I might be misinterpreting you but.. I'm pretty sure I emphasized the words usually it is the other way around.. and also touching on the typical mindset that would misinterpret a 20 pip jump as strictly meaning high volume..


IMHO.. people need to learn to speak in Supply and Demand.. NOT S/R or Buyers / sellers, or oversold / overbought so sick of misinformation.. you know a trend line was originally...
well if there is anything we have learned in this thread it's that i can't understand wtf y'all are saying.

actually, i was mainly rambling about how you suggested it's volume leaving, when it can be the opposite or a combination of a bunch of different things all happening together, and so it's not clear-cut (nothing ever is).

it started as one thing and then i just kind of ran with it. typical me.

you can't hate on darkstar taking his time with the book. i'm sure he's too busy fending off the ladies to get anything done
Congratulations ScalaFX for coming out of the closet!
  • #542
  • Edited 9:16am Jun 20, 2011 8:55am | Edited 9:16am
One of the things I notice when comparing the long term professionals to long term losers.. and this is across all professions forex included


the majority of professionals all share the trait of being discretionary

I have never seen a professional poker player, professional forex trader, or professional business man have a strict system they follow and win in the long term

there is ofcourse a game plan.. guidelines to follow, as with a professional football(US) player.. you line up.. you have a play.. but when the QB says "hike" discretion takes over..

This is why I believe EA's unless programmed very intelligently and elegantly.. are hopeless dreams for many.. and systems from the system thread as well..



form a Game Plan.. not a System.. and experience will improve on your discretion to make winning decisions
  • #543
  • Jun 20, 2011 9:09am Jun 20, 2011 9:09am
Quoting newyear498
Nubcake, something that crosses my mind... I believe you are still on that high risk high reward path.. if you do write a profitable EA that can adapt to every market condition and trade off a profitable patterns on the 1M charts then your going to be a very happy nubcake making a killing


But one of the things I notice when comparing the long term professionals to long term losers.. and this is across all professions forex included


the majority of professionals all share the trait of being discretionary

I have never seen a professional...
i can only assume you are remembering back to when i mentioned one ea i wrote to test an idea that returned trillions of dollars due to an mt4 bug. if so, that was a long time ago. i still write an indicator or EA every so often if there is something i want to gauge or specifically do, but i'm not sitting here coding GrailEA1.1.mql.

lol. i'm ALMOST offended.
Congratulations ScalaFX for coming out of the closet!
  • #544
  • Jun 20, 2011 9:15am Jun 20, 2011 9:15am
Quoting nubcake
i can only assume you are remembering back to when i mentioned one ea i wrote to test an idea that returned trillions of dollars due to an mt4 bug. if so, that was a long time ago. i still write an indicator or EA every so often if there is something i want to gauge or specifically do, but i'm not sitting here coding GrailEA1.1.mql.

lol. i'm ALMOST offended.
lol don't take offence.. I should not have directed to you perhaps.. I will edit.. it applies to many others way more then you.. However thought your were still coding EA's.. and I know you said your a 1M junky

in any case I think your definitively one of those all or nothing kinda people.. if you can't make a killing then you don't want to trade yet.. understandable.. whose to say settling for less is right
  • #545
  • Jun 20, 2011 9:23am Jun 20, 2011 9:23am
Quoting newyear498
lol don't take offence.. I should not have directed to you perhaps.. I will edit.. it applies to many others way more then you.. However thought your were still coding EA's.. and I know you said your a 1M junky

in any case I think your definitively one of those all or nothing kinda people.. if you can't make a killing then you don't want to trade yet.. understandable.. whose to say settling for less is right
you nailed it.

i can't help but code. if i can see something i can code then why not do it instead of doing it manually and the hard way. all itchs that need scratching. the last ea i wrote was my sim ea.
Congratulations ScalaFX for coming out of the closet!
  • #546
  • Jun 20, 2011 10:37am Jun 20, 2011 10:37am
I think we have stumbled into no mans land with the latest regards of supply / demand / trend lines / S/R or whatever.

If you delve into positions and what drives price there are no concrete reasons that I know of that drive price except where speculators are positioned vs. the commercial counter parts.

However, things don't always pan out that way. I visit daily fx quite often to see what the pundits are saying and quite often they will say the market will move this way or that way because of retail based positioning being heavily one-sided and due to this group being wrong 90% or more of the time the price normally moves against them and their positions.

This of course isn't always the case... because if the positions change or commercial entity changes posture or whatever can bring a change in price. I think viewing the market from a volume based perception is a bit ill conceived that is just a personal opinion based on years of observation of what the pundits say vs. what actually happens.

It gets down on the level of them saying one thing and what they did say magically changes after the fact to what the market actually does. The truth is "the market goes up - the market goes down" and the market is so big probably nearly 5 Trillion a day that it would be impossible to grasp every single facet of it.

As I said before... even a central bank has little power over price when it acts alone, by itself. Sure it can cause price movements just by the mention of involvement, but time can easily reverse these movements. It takes multiple central banks acting together to do any significant changes and after that fact (time again) the market can return back to previous behaviour.

What are we in comparison to a central bank? a dust mite on a flea that is on the elephants back?
  • #547
  • Jun 20, 2011 10:45am Jun 20, 2011 10:45am
Quoting pip_seeker
I think we have stumbled into no mans land with the latest regards of supply / demand / trend lines / S/R or whatever.

If you delve into positions and what drives price there are no concrete reasons that I know of that drive price except where speculators are positioned vs. the commercial counter parts.

However, things don't always pan out that way. I visit daily fx quite often to see what the pundits are saying and quite often they will say the market will move this way or that way because of retail based positioning being heavily one-sided...
Adding to what you said, the central banks have failed to sway price in the past several time...

and yes I've also seen recently many blah blah discussions about retail order positions.. good point
  • #548
  • Edited 12:33pm Jun 20, 2011 11:33am | Edited 12:33pm
Edit: I think I misunderstood the subject. No more posting @ work lol.
Cautiously optimistic. . .
  • #549
  • Jun 20, 2011 9:55pm Jun 20, 2011 9:55pm
Quoting Tact1cal
Edit: I think I misunderstood the subject. No more posting @ work lol.

yeah if you boss is watching you might get fired. LOL. Well the subject is about thinking more or less. But the thinking has to go somewhere productive.

Discussions about volume and what moves the market is something even the so called experts can't get right... so I think we should discuss more fruitful things. Thinking about what drives the market at any given time is pure fodder at news time when they say Job numbers look good but the dollar fell today... they always have or come up with some excuse for what the market does.

We could talk about that for an eternity and make not one iota of progress... How many licks does it take to get to the center of a tootsie pop? If you catch my drift.
  • #550
  • Jun 20, 2011 10:21pm Jun 20, 2011 10:21pm
I disagree with almost everything you just said. I do agree that it is not worth further discussion though. I can tell by your posts that mine and your trading styles differ on a fundamental level. Going any further would cause us to contradict each others "beliefs" in the market. For that reason I'll agree to disagree and leave it at that.
Cautiously optimistic. . .
  • #551
  • Jun 21, 2011 12:23pm Jun 21, 2011 12:23pm
it's been mentioned by different sources that "fooled by randomness" is a good book to have read. i'm almost finished reading it and have 10 pages left and you know what? i just can't read them right now. i can't do it. this book is nothing but page after page of mental masturbation and self-congratulatory ugliness. taleb sounds like such an obnoxious asshole and even admits in the book to laughing loudly on a plane causing people to pay attention to him and sneer etc, and also to being the typical push-bike rider who holds up traffic without giving a damn and having people hurl abuse at him.

what an asshole. i'll never read this book again. 99% puke, 1% interesting stuff and worth knowing if you didn't already. the whole book could be edited down to about 10 pages or less, easy! i'd take joy at watching a clip of someone kicking him in the neck.

what a disgusting person. this is someone who simply knows too much and loves himself for it. the contempt he shows for everyone but himself is palpable, and his superiority complex is sickening.
Congratulations ScalaFX for coming out of the closet!
  • #552
  • Jun 21, 2011 12:36pm Jun 21, 2011 12:36pm
Quoting nubcake
it's been mentioned by different sources that "fooled by randomness" is a good book to have read. i'm almost finished reading it and have 10 pages left and you know what? i just can't read them right now. i can't do it. this book is nothing but page after page of mental masturbation and self-congratulatory ugliness. taleb sounds like such an obnoxious asshole and even admits in the book to laughing loudly on a plane causing people to pay attention to him and sneer etc, and also to being the typical push-bike rider who holds up traffic without...
I felt the same way and ended up skimming it.. didn't learn much but a few good points
  • #553
  • Jun 21, 2011 2:35pm Jun 21, 2011 2:35pm
Quoting nubcake
it's been mentioned by different sources that "fooled by randomness" is a good book to have read. i'm almost finished reading it and have 10 pages left and you know what? i just can't read them right now. i can't do it. this book is nothing but page after page of mental masturbation and self-congratulatory ugliness. taleb sounds like such an obnoxious asshole and even admits in the book to laughing loudly on a plane causing people to pay attention to him and sneer etc, and also to being the typical push-bike rider who holds up traffic without...
I didn't finish it either simply because the gist of what he was talking about I already knew.

Still it's a good and necessary book because, sadly (and thanks to our education system), people are generally still quite uneducated when it comes to randomness and thinking in probabilities instead of "right" vs "wrong", "true" vs "false", etc.
  • #554
  • Jun 22, 2011 2:25am Jun 22, 2011 2:25am
well i just finished it. the best part is the last few pages are just the index and not his shit!
Congratulations ScalaFX for coming out of the closet!
  • #555
  • Jun 22, 2011 3:58am Jun 22, 2011 3:58am
Quoting nubcake
well i just finished it. the best part is the last few pages are just the index and not his shit!
funny you're are talking about the book. I just ordered Black Swan so I can have a softback instead of a PDF . I recently started reading Fooled by Randomness for the 2nd time and its more clear to me now.

you dont find his trading strategy interesting?
  • #556
  • Jun 22, 2011 4:40am Jun 22, 2011 4:40am
Quoting EmeraldEyes
funny you're are talking about the book. I just ordered Black Swan so I can have a softback instead of a PDF . I recently started reading Fooled by Randomness for the 2nd time and its more clear to me now.

you dont find his trading strategy interesting?
i found none of it interesting. i will admit i even switched-off a lot while reading it so there are parts i probably didn't even register from pure boredom. the whole thing could be edited to 10 pages or less. it was all filler, and just him trying to prove how much inane boring intellectual fluff that he knows. the whole book is obnoxious. the title should be "look at me and how much i know. i am better than everyone".
Congratulations ScalaFX for coming out of the closet!
  • #557
  • Jun 22, 2011 6:18am Jun 22, 2011 6:18am
Quoting nubcake
the whole thing could be edited to 10 pages or less.
The same goes for quite a few trading "books".
  • #558
  • Jun 22, 2011 5:53pm Jun 22, 2011 5:53pm
I am not sure why so many people think they need to write a book about something? Are we really that desperate to make money off the backs of people less fortunate. Out of all the books and courses I bought over the years I found out they are rarely worth the money spent.

How to sell / buy real estate for no money down but the book costs $40.

The 1,001 medical cures they don't want you to know about.

The free money the government has in the form of grants for new small businesses. But again the book costs $40.

How to be a better person ( yeah I need to tell you this in a book that costs $59 but for you I will give it away for $40)

How to win at poker. (I have my poker face on to suck $40 out of your pocket.)

The 101 ways to be a dumb ass (for $40 we'll tell you.)

How to save your marriage. (I couldn't do it, but in my book for $40 I tell you my mistakes so you can avoid it.)

How to write a resume. ( I quit my job so I could make money selling a worthless book to schmucks like you... for the low price of $39.95)

How to trade stocks. $40

How to trade futures. $40

How to trade forex. $40

Amazing how smart you will become after you read all these books. Problem is NONE of them teach you to think for yourself.... Precisely what this thread is about.

TALK ABOUT THE IRONY? LOL
  • #559
  • Jun 22, 2011 6:11pm Jun 22, 2011 6:11pm
Quoting pip_seeker
I am not sure why so many people think they need to write a book about something? Are we really that desperate to make money off the backs of people less fortunate. Out of all the books and courses I bought over the years I found out they are rarely worth the money spent.

How to sell / buy real estate for no money down but the book costs $40.

The 1,001 medical cures they don't want you to know about.

The free money the government has in the form of grants for new small businesses. But again the book costs $40.

How to be a better person...
lol i had to bite my lip. Why read a book about trading, the charts tell u everything. Losers read about life.
  • #560
  • Jun 22, 2011 6:24pm Jun 22, 2011 6:24pm
funny stuff you two.... except the book wasn't about trading

oh, and p.s. i got it for a low low price. i still feel robbed of time though.
Congratulations ScalaFX for coming out of the closet!
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