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"A wise man can learn more from a foolish question than a fool can learn from a wise answer"

Bruce Lee

So here we have a group of guys who have collectively taken billions of dollars out of the market and they don't agree on thing regarding how to make money. Not one. So what is a person to do?

Is there anything they do agree on?
Just one: money management


http://www.trading-naked.com/The_Billionaire_Traders.htm

Liars and truth tellers

A logic problem

A princess visits an island inhabited by two tribes. Members of one tribe always tell the truth, and members of the other tribe always lie.
The princess comes to a fork in the road. She needs to know which road leads to the castle so as to avoid the fire-breathing dragon and rescue the prince from the wizard holding him captive in the castle. (Although the princess doesn't know it, the south road leads to the castle and the north road leads to the dragon.)
Standing at this fork in the road is a member of each tribe, but the princess can't tell which tribe each belongs to. What question should she ask to find the road to the castle?


Simply asking which road leads to the castle won't help. The answer won't tell us which native is lying and which native is telling the truth. However, we really only need to talk to one of the natives. The trick is to ask a question where the response will be the same from both natives: a question that incorporates how a member of the tribe not answering would respond to the same question. For example, what if we say to one of the natives, "If I asked a member of the tribe you don't belong to which road I should take to get to the castle, what would he say?"

 

1. If we ask a truthteller, the response will be: "He would say to take the north road." The road to the castle is the south road so the liar will tell us to take the north road, and the truthteller will faithfully report this to us.
2. If we ask a liar, the response will be: "He would say to take the north road." The road to the castle is the south road and the truthteller will tell us to take the south road, but the liar will not report this faithfully to us - he will say the opposite.

In both cases we'll get the same response. We should do the opposite of what we have been told because, regardless of whether we are speaking to a liar or a truthteller, our question will always produce the wrong answer to which road we should take.



http://mathforum.org/dr.math/faq/faq.liar.html

In the final hour
only you
can lead yourself
to success or (monetary) failure
which, most assuredly is not the same as life failure

Regardless of liars or truth tellers
You know the right path

It's ingrained in each and every one of us

Often, we just need to understand how to
use it.

To your success;

SoB

"One by one
hollow heroes
separate as they run'

"Wise men wonder while
strong men die" Breaking Benjamin

"Some people say they haven't yet found themselves. But the self is not something one finds; it is something one creates." - Thomas Szasz

"Reading quotes and daily messages doesn't make you a better trader." -Me

When all else fails, shoot yourself

Straight to the pool room Slim, I like that

it aint about how hard you hit its about how hard you can get hit and keep moving forward !

Rocky

long time no see busy filling my life sheet salaam

one of my favorite

A pattern that works 50 percent of the time can be quite
profitable if you employ it with a good risk control plan.

AlWeiss

salaam

Hello Kho,

Are you using Keltner Channle ?

yea ,,,occasionally,,
but at least make you ,,,,
he ,he, he,,

salaam

hello too
Keltner Channle something like Bollinger Bands
I do not use it

salaam

It is ok mate. I thought that's Keltner channel in your chart. Good luck

It takes courage to be a pig.,,,
and It takes courage to ride a profit ,,

George Soros

salaam