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Where is the EDGE in trading? The most important thing in trading!

  • #421
  • Aug 11, 2011 6:30pm Aug 11, 2011 6:30pm
Quoting reres
Those are just excuses.

Anyway, why dont you open a proper platform like Interactive brokers or Tradestation or TOS...and than trade on real market and not against bucket shops??
If you can't trade against "bucket shops" then perhaps you can't trade. Period. Or maybe I'm just not excited about a "proper" platform.
  • #422
  • Aug 11, 2011 6:34pm Aug 11, 2011 6:34pm
Quoting egadsforex
If you can't trade against "bucket shops" then perhaps you can't trade. Period. Or maybe I'm just not excited about a "proper" platform.
What are you talking about? Not excited about what?

He complained about slippage, random spikes, ect...to avoid this kind of problems the solution would be to open some platform where broker doesnt live from your loosing trades but from commisions.
  • #423
  • Aug 11, 2011 7:03pm Aug 11, 2011 7:03pm
Quoting reres
What are you talking about? Not excited about what?

He complained about slippage, random spikes, ect...to avoid this kind of problems the solution would be to open some platform where broker doesnt live from your loosing trades but from commisions.
If what he's complaining about is really so then he has a horrid broker. On the other hand, for years I have witnessed all those pour souls who were stopped out by 1 or 2 pips claiming that the broker moved the market against them. This is simply not so.

Yes, I have been stopped out by 1 pip but I have also watched a few trades get within one half a pip and move on to profit. The problem is that too many people think the broker will go to "hell's length" to stop out there $500 contract.

Come on people. get real. Think of all the thousands of customers that your broker has and he (the broker) is going to move the market just to take out your position. Do a minute of research and find out how many trillions of Yen it took the BoJ to intervene last week. Your broker isn't too concerned with "Mickey Mouse" transactions.
  • #424
  • Aug 11, 2011 7:24pm Aug 11, 2011 7:24pm
Quoting reres
Obviously Mr Breakout doesn have a clue that backtests are done with maximum 90% or less modelling quality so this test that you posted doesnt mean much. A backtest on tick data tho can be up to 99% correct.

Its very much often the case that backtest look good but on live trading it fails.
Blah...blah....blah....blah....blah...blah....blah....blah....
  • #425
  • Aug 11, 2011 7:29pm Aug 11, 2011 7:29pm
Quoting Mr Breakout
Blah...blah....blah....blah....blah...blah....blah....blah....
I feel that I must agree with this comment. And will add...
  • #426
  • Aug 11, 2011 9:24pm Aug 11, 2011 9:24pm
Quoting egadsforex
I feel that I must agree with this comment. And will add...
The problem with Reres is that he does want to learn anything new, he just wants to prove he is right and that we are all just of bunch of morons.
  • #427
  • Aug 12, 2011 1:00pm Aug 12, 2011 1:00pm
Quoting Mr Breakout
The problem with Reres is that he does want to learn anything new, he just wants to prove he is right and that we are all just of bunch of morons.
U got the wrong impression than. Discussion here should be about what brings the edge in trading. Noone cares who is right or wrong but if someone says indicators work than get some proof first. But hey, anyone trying to proove that bunch of random lines can predict anything (like Mr Breakout) can only come with "Blah...blah....blah....blah....blah ...blah....blah....blah.... " at the end. No real arguments to support his claims. Just useless comments and imaginary backtest.
  • #428
  • Aug 12, 2011 1:13pm Aug 12, 2011 1:13pm
Quoting reres
U got the wrong impression than. But hey, anyone trying to proove that bunch of random lines can predict anything (like Mr Breakout) can only come with "Blah...blah....blah....blah....blah ...blah....blah....blah.... " at the end. No real arguments to support his claims. Just useless comments and imaginary backtest.
Rudeness such as yours just displays a distinct lack of intelligence and maturity.

It is obvious it hasn't even occured to you that people are purposely NOT giving you the information you are trying to wheedle out of them for free because right from the off your thread was argumentitive and confrontational.

One day you may grow up and realise how stupid you make yourself look but I very much doubt it.
  • #429
  • Aug 12, 2011 1:15pm Aug 12, 2011 1:15pm
Quoting TraderinSD
I know many have heard the statement " Trade what you see, not what you think”. We can all look back at our trades and see just that. Yet we let our mind / or opinion change the face of what we were truly seeing and the trade went against. You say to yourself " What the ????, Why didn't I see that?"
It is very true in my case, too.
Great observation.
  • #430
  • Aug 12, 2011 1:34pm Aug 12, 2011 1:34pm
Quoting reres
U got the wrong impression than. Discussion here should be about what brings the edge in trading. Noone cares who is right or wrong but if someone says indicators work than get some proof first. But hey, anyone trying to proove that bunch of random lines can predict anything (like Mr Breakout) can only come with "Blah...blah....blah....blah....blah ...blah....blah....blah.... " at the end. No real arguments to support his claims. Just useless comments and imaginary backtest.
How was his backtest imaginary? You haven't given any proof other than a comment (with no proof to back it) that "hedge funds do it." You won't accept actual statistical evidence (numbers) from tests that definitely took someone's hard work, but yet your claims are based on ideas you think might work because they are logical to your personal way of thinking. Just because you think a certain way doesn't mean it's true. Honestly most of the methods you presented don't work anymore because everybody knows them. It isn't as simple as "buy oil in the summer" etc., because everybody can't do the same thing and still win.

I'm sure you'll do what you usually do and pick one sentence from my post to argue with and ignore everything else, because you are extremely biased and won't ever agree with someone even if they make a good point.

And the earlier comment was right, you have been argumentative and rude even with people that initially supported your views! Give me a break man, you are delusional. Get over yourself.

Cory
  • #431
  • Aug 12, 2011 1:39pm Aug 12, 2011 1:39pm
Quoting jag1966
Rudeness such as yours just displays a distinct lack of intelligence and maturity.
Lack of intelligence is displayed by trading with unprooven methods and funny indicators.

Quote
You are a clueless idiot!!!

Lol and you talk about maturity? Anyway...
  • #432
  • Aug 12, 2011 1:52pm Aug 12, 2011 1:52pm
Quoting Cbh123
How was his backtest imaginary?
Backtest are not accurate. Let me give u an example. Here is test one i made today.

http://img32.imageshack.us/img32/9393/26498110.png

Does it look good? Sure it does...does it work in live trading. No it doesnt. Guess what, it works on every timeframe and its based on Moving averages. See my point? Im not trying to be rude but those are the facts.


Quote
Honestly most of the methods you presented don't work anymore because everybody knows them.
Those methods do work and hedge funds use them today. Its not really easy to trade the quants you know. So just becouse everyone knows about it doesnt mean anyone can do it.
  • #433
  • Aug 12, 2011 1:58pm Aug 12, 2011 1:58pm
Quoting reres
Just useless comments and imaginary backtest.
Oh I see, so now I am a liar and I am just making these backtests up, is that it?

For your information you can find all these backtests and dozens of others in The Ultimate Trading Guide (How to spot short-term trends, trading systems that work, money management techniques, patterns for profit) by John R. Hill and George Pruitt (John Wiley & Sons).

But I doubt you have read a trading book in your life.
  • #434
  • Aug 12, 2011 2:05pm Aug 12, 2011 2:05pm
Quoting reres
Lack of intelligence is displayed by trading with unprooven methods and funny indicators.



Lol and you talk about maturity? Anyway...
PA and TA are prooven. You talk absolute nonsense.
  • #435
  • Aug 12, 2011 2:12pm Aug 12, 2011 2:12pm
Not sure what the big deal is about hedge funds. I mean how many of them blew up in 2009? Tons. Even some big time investment banks. So there methods aren't anything to be impressed about.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #436
  • Aug 12, 2011 2:16pm Aug 12, 2011 2:16pm
Quoting Mr Breakout
Oh I see, so now I am a liar and I am just making these backtests up, is that it?
No you are not making them up but they dont proove anything. Only real time trading does.

Quote
Backtest are not accurate. Let me give u an example. Here is test one i made today.

http://img32.imageshack.us/img32/9393/26498110.png

Does it look good? Sure it does...does it work in live trading. No it doesnt. Guess what, it works on every timeframe and its based on Moving averages.

...

Quote
For your information you can find all these backtests and dozens of others in The Ultimate Trading Guide (How to spot short-term trends, trading systems that work, money management techniques, patterns for profit) by John R. Hill and George Pruitt (John Wiley & Sons).

Ill check it out.
  • #437
  • Aug 12, 2011 2:22pm Aug 12, 2011 2:22pm
Quoting jag1966
It is obvious it hasn't even occured to you that people are purposely NOT giving you the information you are trying to wheedle out of them for free because right from the off your thread was argumentitive and confrontational.
lol. that's just excuses to not be helpful when no help would be given in any circumstance anyway. i don't see the point in continually trying to discourage the OP. if you think he's a muppet then let him be. if not, then move on to a new topic. repeatedly describing how shitty you and others think his thread is only adds pointless noise.... and you all know it. each and every one of you.

if you have a point to prove in relation to trading edges then come up with a way to communicate with the OP in a way that he understands, else why beat a dead horse over and over and over...

and over...

....

and over...



and over........
Congratulations ScalaFX for coming out of the closet!
  • #438
  • Aug 12, 2011 2:31pm Aug 12, 2011 2:31pm
Quoting nubcake
in a way that he understands
He doesn't. And you're right about the thread, it is a frustrating waste of everyone's time and energy.
  • #439
  • Aug 12, 2011 2:32pm Aug 12, 2011 2:32pm
Quoting reres
No you are not making them up but they dont proove anything. Only real time trading does.
So if backtests have "no meaning" then you wouldn't mind trading a system that generated a 8,500 pip loss during the last 15 years of backtest now would you?
  • #440
  • Aug 12, 2011 2:33pm Aug 12, 2011 2:33pm
Time for the Bin? I think so.
Don't wish it were easier, wish you were better. ~ Jim Rohn
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