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  • #535,961
  • Sep 8, 2011 9:43am Sep 8, 2011 9:43am
Winning strategy for losing traders:

Change the color of the bars, so up = down and down = up

Success
New voice message: Why are you calling me? If I need you, I'll call you!
  • #535,962
  • Sep 8, 2011 9:46am Sep 8, 2011 9:46am
Quoting KillerWhale
Winning strategy for losing traders:

Change the color of the bars, so up = down and down = up

Success
a better one for all the traders here, since all of you are losers:

sell high and buy low

When life gives you lemons, make lemonade
  • #535,963
  • Sep 8, 2011 9:46am Sep 8, 2011 9:46am
Quoting micho
well this is your view. my view is that news is already priced in and unexpected disasters/news will move the market in the news direction YES but it should not be able to do so against math which means you should hit the technical targets against the logic of the news first and then start reversing because of the news... because the money is accumulation of the past not only the present...

the only explaination of such shit reversals to me is that: few players are much much bigger than most of the other players, they can simply move the market...
Market do change mate and evolve, and that is why attempts to automate trading will fail eventually. If market can be automated, why the wall street are paying those high paying traders to work for them, right?
  • #535,964
  • Sep 8, 2011 9:47am Sep 8, 2011 9:47am
Quoting micho
anybody explains this technically to me. (technically and not the bullshit fundamental view) i believe in science and i am a pure technical trader who can nail 10 trades in a row but one trade like this every 10 trades ruins all the profits. if science cannot explain what happened in this chart then trading means losing money. (please don't tell me about some economical prospects or whatever, i am not a magician who can guess what is SNB thinking about doing in this second or the other...)
I think Overall trend is still down despite recent moves. talking about your entry level, i think it could have gone either from there, but going up held more possibility than down. GL
Orderliness of Randomness
  • #535,965
  • Sep 8, 2011 9:47am Sep 8, 2011 9:47am
Quoting johncen
nice plan....
above 4500 probably some more rooms for up...
Yeah, watching larger time frame PA for clues now....May see a re-test of the lows before more upside....

Not sure at this point..
  • #535,966
  • Sep 8, 2011 9:47am Sep 8, 2011 9:47am
Quoting micho
well this is your view. my view is that news is already priced in and unexpected disasters/news will move the market in the news direction YES but it should not be able to do so against math which means you should hit the technical targets against the logic of the news first and then start reversing because of the news... because the money is accumulation of the past not only the present...

the only explaination of such shit reversals to me is that: few players are much much bigger than most of the other players, they can simply move the market...
Like I said... in order for news to have "already been priced in" you are implying that people already expected and put their money in the markets in anticipation of what is to come.

You cannot anticipate the odd events. Nobody can.
  • #535,967
  • Sep 8, 2011 9:50am Sep 8, 2011 9:50am
back from testing on other pc..still the same problem..
I'm learning to trust my own charts..
  • #535,968
  • Sep 8, 2011 9:52am Sep 8, 2011 9:52am
Quoting A-speculator
Market do change mate and evolve, and that is why attempts to automate trading will fail eventually. If market can be automated, why the wall street are paying those high paying traders to work for them, right?
because they are morons dude, cant you see banks falling one after the other going into bankruptcy?? the only people making money consistently are the market movers... the ones that have big shares in the market otherwise all other winners had a lucky streak and will come to an end if they stay in
When life gives you lemons, make lemonade
  • #535,969
  • Sep 8, 2011 9:52am Sep 8, 2011 9:52am
Quoting A-speculator
Market do change mate and evolve, and that is why attempts to automate trading will fail eventually. If market can be automated, why the wall street are paying those high paying traders to work for them, right?
The only real change in markets are levels of liquidity. A markets only function is to maintain a balance between supply and demand. Interbank (big wall street traders) have a huge advantages because they know where these big levels are since they have information you don't have and they all talk and scratch each others backs or asses. Tight moves and arbitrage automated systems provide a huge chunk of the liquidity but the large swing moves and bull runs happen by the guys wearing Brioni suits.
  • #535,970
  • Sep 8, 2011 9:54am Sep 8, 2011 9:54am
Quoting micho
well this is your view. my view is that news is already priced in and unexpected disasters/news will move the market in the news direction YES but it should not be able to do so against math which means you should hit the technical targets against the logic of the news first and then start reversing because of the news... because the money is accumulation of the past not only the present...

the only explaination of such shit reversals to me is that: few players are much much bigger than most of the other players, they can simply move the market...
I so much concur with you. Trading was so easy before 2008. All it took then was to buy low and sell high. Recognizing the highs was as easy as seeing an evening doji star or an equal and opposite candle pattern at a resistance pivot level and short to the support level. Counting waves was taking things to the extremes. These days, the levels don't even count any longer. Some people somewhere just opens their mouth, short or long a currency using exponential lots from printed money and change the topography of the market just like that. If not for strict money management and discipline, I could have bet my life on seeing 4188 today. But now, I ended up staring at the charts, looking at what seems to be a bearish flag on the 1 hour forming, but no plans of taking it.
Don't just beat the markets, leave bruises.
  • #535,971
  • Sep 8, 2011 9:56am Sep 8, 2011 9:56am
Quoting thelws
Like I said... in order for news to have "already been priced in" you are implying that people already expected and put their money in the markets in anticipation of what is to come.

You cannot anticipate the odd events. Nobody can.
well i already answered you on that one, read my full answer... the last part explains my opinion about this
When life gives you lemons, make lemonade
  • #535,972
  • Sep 8, 2011 9:56am Sep 8, 2011 9:56am
Quoting BlueCirrus
Yeah, watching larger time frame PA for clues now....May see a re-test of the lows before more upside....

Not sure at this point..
indeed..a downside is still possible..
probably 3960 area...will be dream place to add some more long...
But I will keep trying long here...
with sl @ BE, I have nothing to lose
but potentially big profit above
Patience, Emotion Control and Discipline.
  • #535,973
  • Sep 8, 2011 9:58am Sep 8, 2011 9:58am
Quoting Sonofsin5
The only real change in markets are levels of liquidity. A markets only function is to maintain a balance between supply and demand. Interbank (big wall street traders) have a huge advantages because they know where these big levels are since they have information you don't have and they all talk and scratch each others backs or asses. Tight moves and arbitrage automated systems provide a huge chunk of the liquidity but the large swing moves and bull runs happen by the guys wearing Brioni suits.

well dont forget these high frequency automated trading machines that started working after the recession... they screw up my patterns....
When life gives you lemons, make lemonade
  • #535,974
  • Sep 8, 2011 10:00am Sep 8, 2011 10:00am
Quoting johncen
indeed..a downside is still possible..
probably 3960 area...will be dream place to add some more long...
But I will keep trying long here...
with sl @ BE, I have nothing to lose
but potentially big profit above
Yep, scalping one short and three longs so far today.....Trying for 1.4038 to 1.4055 area now...
  • #535,975
  • Sep 8, 2011 10:01am Sep 8, 2011 10:01am
Quoting Anis
back from testing on other pc..still the same problem..
don't test another computer, try another broker...
  • #535,976
  • Sep 8, 2011 10:01am Sep 8, 2011 10:01am
2nd chance to sell ,, in my opinion....

Selling 1.4020 if it get there sl 1.4060 tp 1.3950s
  • #535,977
  • Sep 8, 2011 10:02am Sep 8, 2011 10:02am
i can show you my EA... if you back test it from 1999 with the most accurate tests, demo trade it or live trade it before august 2008 the black curse month... you will get 25% of your account... and that this exponential... i only was able to code it in early 2008... did trade live on it for 4 months before august 2008 after demo trading 5 months and back testing since 1999... reached from 2k to 14k on my live account while sleeping then in august everything changed... the results since then are neutral...
i withdrew only 8k out of the account and stopped trading that system since...

i can literally tell you, when you see the EA your mind will blow. its like the impossible became possible...

i fucking hate AUGUSTS AND SEPTEMBERS
When life gives you lemons, make lemonade
  • #535,978
  • Sep 8, 2011 10:02am Sep 8, 2011 10:02am
Quoting KillerWhale
Winning strategy for losing traders:

Change the color of the bars, so up = down and down = up

Success
Don't just beat the markets, leave bruises.
  • #535,979
  • Sep 8, 2011 10:03am Sep 8, 2011 10:03am
Quoting micho
well dont forget these high frequency automated trading machines that started working after the recession... they screw up my patterns....
Maybe this guy knows what happened.
http://www.businessinsider.com/guy-w...e-it-is-2009-7
  • #535,980
  • Sep 8, 2011 10:03am Sep 8, 2011 10:03am
Quoting BlueCirrus
Yep, scalping one short and three longs so far today.....Trying for 1.4038 to 1.4055 area now...
actualli I want it to test the low once again here...
was out while we at low...
looking to build some more if we retest...

its already 3am in NZ...bed time..but I wanna build some more position here...
Patience, Emotion Control and Discipline.
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