Dislikedour goal as traders is not to try and decide which way the market will go, but to recognise when it is going and join the rideIgnored
MT4/MT5 EAs/Indicators/Alerts coder
Clarity Indicator 4 replies
Dislikedour goal as traders is not to try and decide which way the market will go, but to recognise when it is going and join the rideIgnored
Disliked{quote} Exactly. The deal is to focus on price and understand what it is telling us.Ignored
DislikedI think that PA is like indicators, sometimes works, sometimes dont.Ignored
Disliked{quote} It's a zero-sum game, of course it is. True 99% of retails loose money, but the capital they move is soo little that it really make no difference at all in the market (without considering that most of retail brokers don't even place trades on the real market). About the big traders, the istitutional ones, my guess is that the winners/loosers balance is near the 50/50. Retails are not market partecipants, they are like people watching a football match and betting on it, their actions cannot at all influence the match, i see in the statistics...Ignored
Disliked{quote} You have to examine your premise before you can determine if your conclusion is correct. By definition professionals and instutions are good at what they do. If they were not able to make a consistent profit on trading, then they would not do it. This is business sense. A 50/50 implies that there IS ALWAYS A LOSER. THERE WILL NEVER BE A LOSER , because if they were losing, THEY WOULD NOT TRADE. A LOSER WILL BE ELIMINATED, until there are no more losers. It makes no business sense to consistently lose. Professionals and banks, are by definition,...Ignored
Disliked{quote} I can understand this is a hard concept to understand, maybe the best way to figure out the situation is to just analyze and understand what markets are and how they works. To make a long story short (long/short, lol), we have the price, the demand on the bid and below, the offer on the ask and above. Whenever price go up, some active trader is buying what the passive traders (market makers and other traders) are offering on the ask price and above. When price go down, some active trader is selling what the passive traders are demanding...Ignored
Disliked{quote} In the end, it doesnt matter does it, because i know you are wrong. There is no truth in the game, only your own truth. Good luck believing you cant be consistent at forex, thats the most harmful belief you can ever have if you want to be, i dont know, consistent and earn a living from forex. Your whole ideals contradict themselves, not because they are not well thought out, but because the core ideal that you have been arguing has already been proven false by countless generations of traders whos only job have been trading. Your myth is...Ignored
Disliked{quote} Actually my point is not that's impossible to be consistent, it is possible, and it is possible to make a living with trading, it is possible to build a huge capital starting from scratch. My point was just that not everybody can make consistent profits, aka there must be some suckers that pay. (again, the market is soo big that who really cares who's the sucker?) The important thing is to not be the sucker, it do happen to sucks from time to time, even to the consistently profitable traders, and that was the other point. A huge post to...Ignored
DislikedThanks spaceduck Im going to add one more thing 1. If you believe that the end of a swing can be predicted accurately even before it has begun, then you will start seeing success. It doesn't matter if it isn't true, all that matters is an unshakeable belief that the market is 100% deterministic, and then you still start seeing more , more, and even more high probability set ups. You will begin to see the heartbeat of the market Hey, maybe the market can be predicted, no matter what anyone says! heresy But your mind needs a firm belief to fixate...Ignored
DislikedHi spaceduck, I dont post much nowadays unless something really catches my eye, and i must admit your thread is of interest and if this is you saying your 'goodbyes' then farewell, although would of been pleased to read more about your wisdom/expertise (hopefully you will continue). Since price direction cannot be predicted with consistent accuracy, then, what else is there to do? follow the market? Or build a system that does not depend on direction to profit? A good trader once told me that any robust system can profit buying into a bear market,...Ignored
Disliked(A ranging period would be a dead market ______________________________)Ignored
Disliked{quote} I can't agree. A range by definition is the area between 2 different values ...Ignored
Disliked...since we cannot predict the direction with consistent accuracy, the only way to trade profitably is trade in such a way that the randomness of the market direction will not drastically affect the profits.Ignored
DislikedThe only way to trade in a such way, is by concentrating on the concept of buy low and sell high,...Ignored
DislikedAhh, buy low sell high. I can see where your going with this to a certain extent, however, to 'buy low sell high' we need a floor, which in a dynamic non linear market identifying such floor could be random if not unpredictable...?Ignored