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  • #569,561
  • Dec 3, 2011 8:17pm Dec 3, 2011 8:17pm
..... So what's the conclusion?................... Who's dick is bigger?
The Thief of Wall Street
  • #569,562
  • Dec 3, 2011 8:21pm Dec 3, 2011 8:21pm
Quoting Chicky
..... So what's the conclusion?................... Who's dick is bigger?
how's the party?
  • #569,563
  • Dec 3, 2011 8:44pm Dec 3, 2011 8:44pm
Quoting pkimnyc




good ol' days, eh?
Indeed... only us old timers remember those.
check out my blog: forexmademillionaire dot com
  • #569,564
  • Edited 9:38pm Dec 3, 2011 8:47pm | Edited 9:38pm
actually there are some interesting points here which is somewhat unusual for this thread. My opinions:

1. A system (in my mind) is an inflexible set of rules. As a discretionary trader my system revolves around MM.
2. Range and trend are the two most important concepts in Forex. Of the two, trend is somewhat more important.
3. S/R does work, but it is not perfect. You need to be able to read price action around the S/R. And automated trading of S/R seems like a good way to lose money.
4. Candlesticks work just fine. They are particularly good at showing momentum patterns and reversals as well as consolidation patterns. Looking at 1 candlestick rather than a series of candlesticks seems like a great way to lose money.
5. I doubt there is any really statistical evidence that candlesticks don't work. But there may be some statistical evidence that a particular approach to using candlesticks does not work.
6. 4H, daily and weekly charts are useful. It is where you can clearly see the most important trends, the long term trends. And if you don't know how I feel about trends, go back and read point 2.
7. Blindly following anybody and hoping to get rich is stupid. If you aren't willing to figure it out yourself, put your money in a hedge fund. You will find a better quality expert in a hedge fund than on the internet and it will be a lot less work as well.
8. BS is a vital technique if you want to learn to trade for yourself. Most important is your BS detector but your ability and willingness to BS is also important if you are using it as a learning tool.
Kill the ego, or it will kill the mission.
  • #569,565
  • Edited 10:04pm Dec 3, 2011 9:49pm | Edited 10:04pm
Quoting SystemFX2011
CNBC
Are you serious?

CNBC is a news channel, nothing more. Their sole goal in life(like any other news channel) is to report sensational news in the hopes of attracting more viewers.

As we all know, it's very challenging to accurately future price direction and 100x harder to accurately predict the distance of future price movement. This is because the price movement of a single security is due to countless fundamental and technical factors across all time frames, across all related securities. Very few people have a good idea of which direction price will go in the future and virtually no one knows how far it will go. And these people who do know, they are not working for news organizations. So anytime a news organization throws out a headline that like that, laugh and move on, because they have no idea what they're talking about.

And on a related subject, most traders are smart enough to know that they can't predict the price, but then they naively tell themselves that they'll just make an educated guess on on future price movement. The huge problem with this is when they make an educated guess, they build an expectation in their mind of where they think the price will go, and they start looking for technical and fundamental signs to support this expectation, and sub-consciously discounting any signs that discredit it. In other words, they get emotionally attached to the position. And even after they are deep in the red, they blindly keep believing in their "educated-guess" about where the price will eventually go.

And after all, isn't "educated guess" just another word for "prediction"?

So I strongly encurage any newer traders to develop a system that is black and white and to simply trade it, never looking even one candle into the future.
  • #569,566
  • Dec 3, 2011 11:06pm Dec 3, 2011 11:06pm
Quoting Chicky
..... So what's the conclusion?................... Who's dick is bigger?
whats the price?
Trade responsiblypatience is the key/Swing trader
  • #569,567
  • Dec 3, 2011 11:31pm Dec 3, 2011 11:31pm
Quoting aicccia
And on a related subject, most traders are smart enough to know that they can't predict the price, but then they naively tell themselves that they'll just make an educated guess on on future price movement. The huge problem with this is when they make an educated guess, they build an expectation in their mind of where they think the price will go, and they start looking for technical and fundamental signs to support this expectation, and sub-consciously discounting any signs that discredit it. In other words, they get emotionally...
This is so, so true. Of all the many things I do wrong this is by far the worst.
Kill the ego, or it will kill the mission.
  • #569,568
  • Edited Dec 4, 2011 2:36am Dec 3, 2011 11:40pm | Edited Dec 4, 2011 2:36am
Quoting Turveyd
There is stastically, ZERO predictive value in them, they are randomly formed due to the arbitrary nature of time, nothing more, completely meaningless.

All of it is much the same Fib's, Pivot points.

S/R on Fores is also a waste of time, trade stocks if your a S/R trader.

Longer term H4 or D1 is meaningless as Forex is to news reactive, yet again go D1 and Stocks if you trade like that.

Trend and Range is about all you've actually got going for you and the time when to enter with a move or reverse a move.
Well said but exaggerated at the same time ,I think every relations to the indicators we follow maintained at every state but due dynamic fast movements in forex there must be some changes in all of them very fast also & these changes made by those news for timebeing & other fundaments for slow changes .
so nothing meaningless rather meaningfull to adapt with something new most time that may evolve .


with higher tf one may not see the direct news or fundamental random noises but the overal economic activities in the chart , old chart for sure & may even predict something may happen next fundamentally , as most time old pattern may be preserved with some new things also.


Again trend & ranges ? they also same , sometimes again they were & next none , same subject to change also . very volatile & difficulty in the same presence or absence any time like all other indicators showing .most difficult part may be taking them also & follow . may be withdrawal method be applied , go inside but withdraw before culmination , success rate not that high as dificult the withdrawal from the so called trend & ranges .accident likely , once for all enough .

fontu

future = 80% old body + 20% new growth/changes ( decay ) possible, so new body = 64% old + 16% old change + 20% new change
60% old body always preserved here ,
next new body may again change changing more old body & likely one day the far old body totally change with 64% min . remain intact with all those indicatos /levels showing , the value in them at the same time with fully new body also in some more complex ratios . imaginary % & subject to changes .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #569,569
  • Dec 3, 2011 11:58pm Dec 3, 2011 11:58pm
If what's being listed doesn't work and is useless in forex, I don't know what is anymore. Perhaps flipping a coon since it's 50-50, either I win or lose

Maybe us retailers are just really bad traders in denial that we depend on s/r, pivot, candlesticks and those magical indicators that we seemed to love oh so much. And once price has taken it's course, we come up with 101 reasons to justify it. Just so to comfort ourselves and continue living in denial about our poor ability to trade.

The market is so big, does anyone even believe that at any one time, every cent would be purely bull or bear? Or are there traders, fund managers and retailers in denial watching and waiting? Patiently watch as price approach their limit and trigger a buy/sell?

And those riding the rocket up or bag of rocks down? When and where do they decide to close their positions? If s/r, pivots, fib don't come into play, I'm actually amazed at the ability of traders to have telepathic skills to lock profits and go the other direction at a certain price together with other traders in the world whom they have probably never met before.
  • #569,570
  • Dec 4, 2011 1:41am Dec 4, 2011 1:41am
Quoting jayjb
If what's being listed doesn't work and is useless in forex, I don't know what is anymore. Perhaps flipping a coon since it's 50-50, either I win or lose

Maybe us retailers are just really bad traders in denial that we depend on s/r, pivot, candlesticks and those magical indicators that we seemed to love oh so much. And once price has taken it's course, we come up with 101 reasons to justify it. Just so to comfort ourselves and continue living in denial about our poor ability to trade.

The market is so big, does anyone even believe that at any...
This EA making more than 50% in every month so its possible by robot 10% month is very safe with this.

http://i.imgur.com/cw23r.png
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  • #569,571
  • Edited 4:22am Dec 4, 2011 1:45am | Edited 4:22am
Quoting ibpo
This EA making more than 50% in every month so its possible by robot 10% month is very safe with this.

http://i.imgur.com/cw23r.png
back test and live are two efferent think. most ea will give good result on back test , live will give other result . back test does not have spread & slippage but live will have slippage & spread .
Mohan
  • #569,572
  • Dec 4, 2011 1:58am Dec 4, 2011 1:58am
Quoting ibpo
This EA making more than 50% in every month so its possible by robot 10% month is very safe with this.

http://i.imgur.com/cw23r.png
can you tray it in real account at least 3 month ?
  • #569,573
  • Dec 4, 2011 2:18am Dec 4, 2011 2:18am
Quoting ibpo
This EA making more than 50% in every month so its possible by robot 10% month is very safe with this.

http://i.imgur.com/cw23r.png
10% per month might be "very safe", it is also "very not enough"
New voice message: Why are you calling me? If I need you, I'll call you!
  • #569,574
  • Dec 4, 2011 2:23am Dec 4, 2011 2:23am
Quoting aicccia
Are you serious?

CNBC is a news channel, nothing more. Their sole goal in life(like any other news channel) is to report sensational news in the hopes of attracting more viewers.

As we all know, it's very challenging to accurately future price direction and 100x harder to accurately predict the distance of future price movement. This is because the price movement of a single security is due to countless fundamental and technical factors across all time frames, across all related securities. Very few people have a good idea of which direction...
well said
Trade responsiblypatience is the key/Swing trader
  • #569,575
  • Dec 4, 2011 2:48am Dec 4, 2011 2:48am
Quoting ibpo
This EA making more than 50% in every month so its possible by robot 10% month is very safe with this.

http://i.imgur.com/cw23r.png
Very high drawdown , may be no sl placing or very big one & oneday it should reach the ground without notice any .Luck will not favour all the time .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #569,576
  • Dec 4, 2011 2:52am Dec 4, 2011 2:52am
Quoting aicccia
Are you serious?

CNBC is a news channel, nothing more. Their sole goal in life(like any other news channel) is to report sensational news in the hopes of attracting more viewers.

As we all know, it's very challenging to accurately future price direction and 100x harder to accurately predict the distance of future price movement. This is because the price movement of a single security is due to countless fundamental and technical factors across all time frames, across all related securities. Very few people have a good idea of which direction...
Great words. true, even i as a cycle trader with points in time in the future of POSSIBLE swings, have to carefully analyze and find confluences of the swing that is 'guessed with logic'. whether its technical or fundamental, time in its own also does not know where price would move. a time period or cycle in time is where I will watch PA for possible swing for a good trade. it would be utterly nuts to see price falling into a cycle line and go long without logic backed analysis of PA and or fundamentals.
i would be margin called badly by now

i believe its called EMH was it? efficent market hypothesis? i believe has something to do with the topic discuessed

Have I got something on my face, SOLDIER?
  • #569,577
  • Edited 4:51am Dec 4, 2011 4:28am | Edited 4:51am
Quoting KillerWhale
10% per month might be "very safe", it is also "very not enough"
10% is very good return on unattended trading, i would very happy if my ea give 3 - 5% Per month constant.
Mohan
  • #569,578
  • Dec 4, 2011 4:39am Dec 4, 2011 4:39am
Always funny to see on a sunday morning people write again that fundies are crap. Probally because most are nr1 to lazy to learn to understand them better. Or are really clueles i can already see for example soros sitting in front of his screen with his mt4 with all the pivot points macds stochastics and all other crap on his screen.

Funny world ain't it
  • #569,579
  • Dec 4, 2011 4:40am Dec 4, 2011 4:40am
Um hello? Did you not notice that your modeling quality is only 25%?

Quoting ibpo
This EA making more than 50% in every month so its possible by robot 10% month is very safe with this.

http://i.imgur.com/cw23r.png
  • #569,580
  • Dec 4, 2011 5:29am Dec 4, 2011 5:29am
Re CNBC


Many years ago the best way to make money trading stocks is to do the reverse of what they say they tell retail to buy the tops and sell the bottoms for there sponsors nothing more.

Not watched it in 10 years but doubt its changed
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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