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Price action is dumb, and you're lazy for thinking otherwise

  • #401
  • Aug 1, 2011 1:05pm Aug 1, 2011 1:05pm
Quoting nasir.khan
With your attitude you wont, even if old Livermore paid a visit himself.

P.S: Please people stop feeding.
.
Do your parents know you smoke in the bathroom? No one is feeding. I am asking valid questions. Why so difficult to answer honestly?
  • #402
  • Aug 1, 2011 1:06pm Aug 1, 2011 1:06pm
Quoting seagreen
http://www.merriam-webster.com/dictionary/extrapolate

I know what extrapolate means. That is not an answer.

So you can't answer the question. Not surprised.
  • #403
  • Aug 1, 2011 1:12pm Aug 1, 2011 1:12pm
Quoting Lucky Duke
Monday August 1st. The market has spoken.

I hope some of you made money off of this.

I rest my case.

Goodbye
The market speaks every day.
  • #404
  • Aug 1, 2011 1:16pm Aug 1, 2011 1:16pm
Quoting jag1966
The market speaks every day.
And our ability to listen is everything.

I respect you and enjoy reading your posts. best of luck!
  • #405
  • Aug 1, 2011 1:20pm Aug 1, 2011 1:20pm
Quoting Lucky Duke
Give the OP a chance. so far he hasn't contributed any intelligent commentary, but sometimes people need to cast a long line for a big fish.

If the OP has something of value to add, this is probably the time to show at least that he's operating in good faith. Otherwise I would agree he's taking the piss.

But give him a chance to prove his worth here.
I think the post by Cypr3ss >
Quote
So lets do a quick check of the scam list:-
1.) The misleading Thread Label designed to draw attention (almost as bad as "Holy Grail").
2.) The sly hints that he is a successful trader with high hit rates
3.) Lots of talk, with generally a circular logic, no substance to his "views" and often contradictory to previous position
4.) The website in his profile that turns out to be his generic blog that link to a promotion on another sitehttp://www.forexfactory.com/images/editor/menupop.gif

might have smoked him out...
  • #406
  • Aug 1, 2011 1:40pm Aug 1, 2011 1:40pm
Quoting Lucky Duke
Do your parents know you smoke in the bathroom? I am not feeding. I am asking valid questions.
It's actually funny, yeah they do know but i still dont smoke infront of them.

My point is what we learned and are learning took us to read ROASO more than 6 times, Darkstars thousand of post more than once, numbers of research papers on market microstructure, thousands of hours chart time thinking on the same lines. (all of the stuff i mentioned is free btw)

Now a guy come along starting with,

Darkstars a scammer, looser and calling his methodology and followers BS.

Old lazy argument of Decentralized market, no vol, no OF trading possible (for starters i am not sure if a single guy that are currently active on OF thread uses an orderbook to trade OF, so you dont need an order book).

Now what do you really expect of us? To explain all we learned through such hardship to you in a few post and we know in the end you would still end up calling it all BS. (hint:EGO)

About your valid questions,

Thing with the OF trading is that you need to do a lot of studying before you even be able start to ask "Valid Questions".

So are you willing to put in your time into stuff i mentioned in the beginning?

Well i know the answer already so this where i will end this debate with you.
.
  • #407
  • Aug 1, 2011 1:42pm Aug 1, 2011 1:42pm
Quoting Lucky Duke
I know what extrapolate means. That is not an answer.

So you can't answer the question. Not surprised.
What did you expect? Explanation of Livermore's or Darkstar's way of trading?
That was not my intention even if I had time. I saw misunderstanding on your part and made a remark. The misunderstanding was partly your fault as you hadn't really tried to understand what DS was doing and partly his when he called his style "order flow trading". I would probably call it "mispricing arbitrage" but it's actually more than that.
  • #408
  • Aug 1, 2011 1:55pm Aug 1, 2011 1:55pm
If anyone have some time out of this useless debate, Search for some real resources that could explain you why things work and why they dont.

Here just a very little something to get you started if you want to. Again remember its a very little piece of the puzzle.
.
Attached File(s)
File Type: pdf sr125.pdf   133 KB | 603 downloads
  • #409
  • Aug 1, 2011 2:04pm Aug 1, 2011 2:04pm
@Lucky Duck

I feel as if you don't want to hear anything I say. So why should I continue to try and share something I have learned?


@Cypr3ss

It's sad to know you felt you had to try and dig up dirt on me. Even if you found a dissertation I wrote for Harvard I still have a feeling you would have found a way to turn it against me.

I have been trading for a while, with the biggest breakthroughs in my trading coming to me within the past two years or so. Where I have spent many a nights at a library falling asleep on charts, books, and my laptop.

But I started just like everyone else, trying to figure out trendlines, how markets work, ect. And I would definitely get a little excited when I thought I made a huge discovery (which most of the time ended up to be another dead end)

So call me out if you would like, burn me at the stake, call me crazy. It really does not matter. I have not been to this forum for a long time because of people like you. I just want to have an intelligent conversation and despite a few awesome people who try and make this thread something of value, the majority seem so set in their ways that they close themselves off.

Sure, people have made some good points about PA and TA, but OF COURSE I am going to come back with another counter point and try and write it off. Someone has to play devil's advocate, and it's not a fun job. But it is a good way to get to the bottom of a lot of mysteries.

So, do what you want, you're going to do it anyways, no matter what I write here. But I am asking you to be civil with me.

Cheers...

@everyone else....

I am exhausted... I am posted dozens and dozens of pages, because for some odd reason I feel like I have to defend myself against some of the more unjust responses to my posts.

also... thank you for the people who PM'd me with positive things to say, however I wish you would have posted them in the thread for it might have held off some of the witch hunters..

I am way too busy to constantly try and defend myself all day long. But just to make things clear.

1.) I am just looking for an intellilectual debate -- I may have taken an odd course to stir things up, but hey, no one ever did anything amazing while they whispered.

2.) I am not claiming to have an end all system -- I have a pretty average method, that has provided me with very respectable returns, and I am more than happy with how I trade. I do not think I am necessarily smarter than anyone on this thread.

3.) I know there is more than one way to trade -- Just because I call out a method doesn't mean that it can't be defended. It's just your job to defend it, if you feel inclined to do so. When I disagree with you and make a point, just make a counterpoint. If your counterpoint to my point makes more sense than what I said, more power to you, that's how you win a debate.

4.) I had a few side objectives to returning to FF -- besides trying to discover how many people actually understood the logic behind their trades, I also wanted to debate the validity of PA/TA.. However, people cant seem to handle any sort of evaluation that may contradict what they think.

PS - I am sorry if you made a good point in the case of PA/TA that I did not respond to, I was up to my eyeballs in hate mail that I may have over looked it.

5.) I will not share my system because it is irrelevant -- The way in which I trade will not impact how you trade, so therefore please refrain from asking me about it. I am not trying to be rude, it is just something I have put a lot of work into and would rather not share it. I apologize

Also if you are concerned as to how profitable my method is -- You shouldn't judge a trader by how successful their system is. There are plenty of brilliant people who have not made it to certain points in their trading career with more than valid points that could help your trading/you understand the markets. Just because someone has yet to design a profitable system, does not give anyone a reason to write off their worth.

.....

I really just want to sit on the sidelines and just watch this thread die, but I will continue to lurk in the off chance I find someone will to state a valid case for PA/TA or would like to discuss logic.

Happy trading to all!
  • #410
  • Edited 3:04pm Aug 1, 2011 2:11pm | Edited 3:04pm
I'm always willing to put the time in with honest people.

And no offense intended about what you learned. But profitability is everything, not esoteric knowledge.

People aren't backing up their comments with tangible facts. Not one "price order flow" advocate can describe their process.

What does your concept have to do with making money in the real world?

No one of you has said anything concrete that anyone can even discuss. You realize this, don't you?

If it was last year, it would be the VSA traders, or a year before the Market Profile traders, ad infinum. The fads come and go with the seasons, and so do most traders.


I have no argument with you personally.

Right now if this fits your fancy, that's fine. But understand, I'm deadly serious about taking your money. And if it's not me, some other bloke will.


And btw, as long as you people play the puzzle palace bullshit on yourself that darkstar instituted here, you are a victim, not the key master.
Haven't you watched cartoons before? it never ends well for the plucky extra.

My point wasn't to pick off darkstar's list of "successes" by calling them out one by one as children or anything else. I know one who had a shitty run in Vegas, found Christ, and is trying to turn his life around. Most of the people Darkstar accumulated were either down on their heels or saucer eyed about the prospects of getting an edge.

grow up and trade or go away.





Quoting nasir.khan
It's actually funny, yeah they do know but i still dont smoke infront of them.

My point is what we learned and are learning took us to read ROASO more than 6 times, Darkstars thousand of post more than once, numbers of research papers on market microstructure, thousands of hours chart time thinking on the same lines. (all of the stuff i mentioned is free btw)

Now a guy come along starting with,

Darkstars a scammer, looser and calling his methodology and followers BS.

Old lazy argument of Decentralized market, no vol, no OF trading...
  • #411
  • Edited 2:15pm Aug 1, 2011 2:14pm | Edited 2:15pm
Quoting superdezign
@Lucky Duck

I feel as if you don't want to hear anything I say. So why should I continue to try and share something I have learned?


@Cypr3ss

It's sad to know you felt you had to try and dig up dirt on me. Even if you found a dissertation I wrote for Harvard I still have a feeling you would have found a way to turn it against me.

I have been trading for a while, with the biggest breakthroughs in my trading coming to me within the past two years or so. Where I have spent many a nights at a library falling asleep on charts, books, and my...
The fact is you started this debate in the wrong way. You got peoples backs up that normally wouldn't react the way they did to you (me included). It will do you good to learn from that.

You created an unecessary problem and now you cannot deal with it satisfactorily.

Great work.
  • #412
  • Aug 1, 2011 2:20pm Aug 1, 2011 2:20pm
Quoting seagreen
What did you expect? Explanation of Livermore's or Darkstar's way of trading?
That was not my intention even if I had time. I saw misunderstanding on your part and made a remark. The misunderstanding was partly your fault as you hadn't really tried to understand what DS was doing and partly his when he called his style "order flow trading". I would probably call it "mispricing arbitrage" but it's actually more than that.
You can't describe what you do.

I get it.

No worries
  • #413
  • Aug 1, 2011 2:30pm Aug 1, 2011 2:30pm
Quoting superdezign
I really just want to sit on the sidelines and just watch this thread die, but I will continue to lurk in the off chance I find someone will to state a valid case for PA/TA or would like to discuss logic.

Happy trading to all!
Send a PM to Twee stating that you want to delete this thread and he will be happy to fulfil your request.

I wish you success with your trading!
  • #414
  • Aug 1, 2011 2:50pm Aug 1, 2011 2:50pm
Quoting Lucky Duke
I'm always willing to put the time in with honest people.

And no offense intended about what you learned. But profitability is everything, not esoteric knowledge.

People aren't backing up their comments with tangible facts. Not one "price order flow" advocate can describe their process.

What does your concept have to do with making money in the real world?

No one of you has said anything concrete that anyone can even discuss. You realize this, don't you?

If it was last year, it would be the VSA traders, or a year before the Market...
It's not about OF, TA/PA, Indicators or anythings else.

Pick anyone trading method on this site and open a thread staying "it does't work, if so, please explain it to me".

Nobody wont!

Would that mean that they dont know what they are doing and you can call them all clowns and BS?

That's the problem with you and this thread.

For cartoons? yeah I think i am arguing with one.
.
  • #415
  • Aug 1, 2011 2:50pm Aug 1, 2011 2:50pm
You came back to FF to stir things up for yourself.....mission accomplished....what's next? Either come in with something constructive or just keep it to yourself. I'd have a lot more respect for you if you just kept it to yourself. But I don't have respect for people who start threads, talk in riddles and then tell everyone else they don't know what they're doing and that they are only LUCKY at best!!!
  • #416
  • Aug 1, 2011 3:04pm Aug 1, 2011 3:04pm
Quoting fxmajic
The usdcad is under accumulation since the long 4hr candle on Friday. That up move had too much participation by retail traders and are being shaken out of their longs. The market makers had to take the other side of the retail trades on the up move since, this is the job of a market maker. When there is no other retailer to take the other side of the retail trade, the market maker must take the other side. they cannot continue to let price rise and lose money. Yes, sometimes market forces dictate that they must but not very often enough for...

Laughter and debate is good for the soul but, never lose sight of the objective,... the goal...
  • #417
  • Aug 1, 2011 3:06pm Aug 1, 2011 3:06pm
Quoting Lucky Duke
You can't describe what you do.

I get it.

No worries

If you're so interested in what I do I'll tell you. Make sure to save this post as I will delete it for known reasons. I enter a position, stand up facing East I say in loud voice: "Order flow, come! Order flow, come! Order flow, come!". Do the same thing facing North, West and South. After some practice order flow will start coming in your direction.

Does exploiting mispricings need explanation?
  • #418
  • Aug 1, 2011 3:08pm Aug 1, 2011 3:08pm
The 4hr is telling the story. Though this pair looks like it's falling the big fellas are buying up the positions that the retailers are selling.

Retailers jumped the move around 0.9496 and their stops are going to be just below this level. So, 20 pips below where they got in should be about right. 20 pips is a favorite retail stop number. The powers are very familiar with that fact.

Look for the up move to resume around 0.9475. The pair will test 0.9598 before it will test 0.9438

Look to enter long anywhere in the 0.9475- 90 area...[/quote]

Is the goal profit or Pride...
  • #419
  • Aug 1, 2011 3:12pm Aug 1, 2011 3:12pm
When you are old enough to trade a live account, sure, I'll have a serious dialog with you.

This really doesn't feel right for me, I don't pick on kids.

sorry if I pass.




Quoting nasir.khan
It's not about OF, TA/PA, Indicators or anythings else.

Pick anyone trading method on this site and open a thread staying "it does't work, if so, please explain it to me".

Nobody wont!

Would that mean that they dont know what they are doing and you can call them all clowns and BS?

That's the problem with you and this thread.

For cartoons? yeah I think i am arguing with one.
.
  • #420
  • Aug 1, 2011 3:15pm Aug 1, 2011 3:15pm
Quoting superdezign

I really just want to sit on the sidelines and just watch this thread die, but I will continue to lurk in the off chance I find someone will to state a valid case for PA/TA or would like to discuss logic.
I'd like to share things but I'm forbidden, I'm sure there are others who started to write as well and left it thinking to themselves "i would rather not share"

you yourself have decided not to contribute your own method so look to yourself as why many are keeping their mouth shut

the reasons not to share are because a lot of ideas are either so simple and/or go against the retail traders general agreement about the "correct" way to trade

so to share solid information you would just be called an idiot anyways.. and when the point comes where you don't need any confirmation bias and you have drawn your own conclusions.. unless you want to brag there is only one valid solution.. back to the bat cave
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