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  • #861,521
  • Dec 7, 2013 5:50pm Dec 7, 2013 5:50pm
Quoting jabow
{quote} Sorry my math was wrong that would be 2.35 years not 10.2 years.

Regardless, you'd think that George Soros, or someone like him, would be the world's first
"trillionaire" or "quadrillionaire".

Considering the amount of money they had to work with, that is.
When the Joker is in the deck.. fear not and play it well
  • #861,522
  • Dec 7, 2013 6:24pm Dec 7, 2013 6:24pm
Quoting Slim Buffett
{quote} No........ a single retail trader doesn't have the "power". In a 5 $trillion daily market neither do banks or hedge funds, save to move it for a "few" pips. Everyone (including banks or HF's) relies on something. It's all part of the market. Fundamentals, indicators, tech analysis. The banks or HF's don't have a "secret" or "holy grail". {quote} It isn't a conspiracy theory. Banks and hedge funds also loose money. They simply do it (usually) on a less consistent basis than the majority of retail traders. {quote} How do you know it was BIG...
Human Behaviors are predictable, so does the MARKET (combination of people all over the world). Listen, I do not
want to get into too much psychology, market structure, and bullshit. I specifically stated that due the fact that retail
traders don't have enough buying power, they rely on "LAGGING INDICATORS".

Of course, everybody relies on something... The question is "Why can't the majority of retail traders rely on Leading Indicators?
or precisely learn how to Master "PRICE ACTION".

Even if they rely on leading indicators, the fact doesn't add up because 90%+ of them are still struggling, which means that's a lie...

When i said Big Investors, I am talking about Smart Money Traders, and people that truly understand the psychological of the market,
and have a strategy for every market condition.

Every time there's a major move in the market, the mainstream media always finds something (rumor/fact/news) to justify that move, but
they never take the time to analyze the charts....I have no problems with fundamental analysis, but I simply believe that fundamental
news help the market to get to its initial direction faster......

Like you said its best to pay attention to as much as possible...I would prefer to say, the more you educate yourself about the market,
the easier things get for you.....It's never about getting the best entry/exit... It's all about the process and be consistent.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #861,523
  • Dec 7, 2013 8:16pm Dec 7, 2013 8:16pm
Quoting Darkforce
{quote} Not yet, good weekend watch, thanks.
http://philotimo-leventia.blogspot.c...free-full.html
Wherever you go, there you are.
  • #861,524
  • Dec 7, 2013 8:59pm Dec 7, 2013 8:59pm
Quoting OctaveJay509
{quote} Human Behaviors are predictable, so does the MARKET (combination of people all over the world). Listen, I do not want to get into too much psychology, market structure, and bullshit. I specifically stated that due the fact that retail traders don't have enough buying power, they rely on "LAGGING INDICATORS". Of course, everybody relies on something... The question is "Why can't the majority of retail traders rely on Leading Indicators? or precisely learn how to Master "PRICE ACTION". Even if they rely on leading indicators, the fact doesn't...
Great. I am a technical analyst and so - news items do not mean much to me. The problem with technical analysis is this: There is a large room for error because so many different stuffs can be created based on the high. low close or open price.
All kinds of interesting setups are possible and that is the trap many traders fall into.

But the entir truth is right there on your chart. To make life easier, simply focus on the closing price.

When a new 4hr bar comes to life, whatever happened during the life of the bar is of little relevance. What happened when the bar died, is key. For example a 4hr bar opens at 1.27. Two hrs later price dropped 200 pips to 1.25. However the bar died at 1.268. See?
There are ways to figure out where price should close much more easily then the high/low of price during a specific period!!!!

I don't have the time to go into the hard math but all this talk about fundamentals etc is good because after-all, the economy is the platform on which price moves. However, the main information you really need in order to be a successful trader is already encoded in the current price. So, when news is released, DON'T BE concerned about how high/low price will go. Ask yourself: after all this craziness is over, where will price close. Once you are able to figure that out, enter the market at the point that allows you to get the pips you want.


I know it is hard to motivate a boxer who believes he has already lost the fight.
  • #861,525
  • Dec 7, 2013 9:10pm Dec 7, 2013 9:10pm
Quoting OctaveJay509
{quote} Human Behaviors are predictable, s
If "Human Behaviors" are so predictable then you should never lose a trade. Right?
Problem is... others might believe you're predictable.

Quoting OctaveJay509
{quote} I specifically stated that due the fact that retail traders don't have enough buying power, they rely on "LAGGING INDICATORS".
Retail traders don't rely on "lagging indicators" simply because they don't have enough buying power.
You should do a study on exactly what "lagging" means for one.

Secondly, how does "not having enough buying power" relate to "using lagging indicators" ?
Please explain. You're simply not making sense, IMHO.


Quoting OctaveJay509
{quote} The question is "Why can't the majority of retail traders rely on Leading Indicators? or precisely learn how to Master "PRICE ACTION". Even if they rely on leading indicators, the fact doesn't add up because 90%+ of them are still struggling, which means that's a lie... .
So....... if the majority of retail traders relied on "leading indicators" or precisely, learned how to "master" price
action, they would still fall into the category of something like a 90% failure rate and that's TRUE for nearly

any business endeavor.

So what you say is an "un - studied" crock of crap ??
When the Joker is in the deck.. fear not and play it well
  • #861,526
  • Dec 7, 2013 9:13pm Dec 7, 2013 9:13pm
For example: On tuesday, I posted 1.35648 as the level to watch. Once price closed above that number on the 1hr chart, I said we should be careful selling. As usual, some did and i am sure they will have to manage their loses for some time.
I said on Nov 28 that eurusd is heading for 1.37 because the move is technical. good or bad news will not change the trend.
Just before the new, I released a new number 1.35840 as the level to watch. Any move to that level will wake sleeper-cells: so, BUY strongly when price gets close there because eurusd will close higher.

Just before the NFP new release that level was marked by the green arrow on my chart!!Notice that eurusd closed above the yellow arrow for the first time at X. She close above it at A and C. She closed on the yellow arrow at D. So when the news came in, I knew that eurusd could not close below the blue arrow and so I was just hoping she falls strong enough and get close to 1.35840 so I can enter. She did so on the LIGHT BLUE arrow. Note where she closed(above the deep-blue arrow). From there, every close is above the yellow arrow.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 37 KB


SIMPLE DELICATE PRICE ACTION.
  • #861,527
  • Dec 7, 2013 9:20pm Dec 7, 2013 9:20pm
I am done with this thread and I hope people will stop painting a bad picture for those who have brilliant ideas. Trading is difficult but it is not that bad. instead of telling people they CAN NEVER make it, tell them why you didn't make it so that they can learn from your mistakes since you don't want to learn yourself.
  • #861,528
  • Dec 7, 2013 9:37pm Dec 7, 2013 9:37pm
Quoting Eurusdd
I hope people will stop painting a bad picture for those who have brilliant ideas.
I'm all for brilliant ideas. Simply hadn't noticed any from you.

Sorry !!
When the Joker is in the deck.. fear not and play it well
  • #861,529
  • Dec 7, 2013 9:41pm Dec 7, 2013 9:41pm
Why do you think everything I say is about me? Lol.
  • #861,530
  • Dec 7, 2013 9:46pm Dec 7, 2013 9:46pm
Quoting Eurusdd
Why do you think everything I say is about me? Lol.

Nothing is "about you".

(LOL)
When the Joker is in the deck.. fear not and play it well
  • #861,531
  • Edited 10:58pm Dec 7, 2013 9:48pm | Edited 10:58pm
Quoting Eurusdd
Why do you think everything I say is about me? Lol.
I won't steal any of your ideas and quite frankly I don't care because I know you won't share, at the end of the day they are your edge.
Best time to plant a tree was 20 years ago, second best is now
  • #861,532
  • Dec 7, 2013 9:54pm Dec 7, 2013 9:54pm
Quoting Eurusdd
Why do you think everything I say is about me? Lol.
Not only you, but whoever says anything here is all about you .............................................. why do you forget who are your parents and what is the title of this thread.
The Thief of Wall Street
  • #861,533
  • Dec 7, 2013 9:55pm Dec 7, 2013 9:55pm
Have you seen anyone wasting time on someone they can beat easily. I think my presence here make some of you guys look simple and common. You have been giving weak info for long. I just dropped in to stir up things and show how weak some of you are. That is why you are so interesting in beating me out of here. Have you seen me attack any of your contributions? NO. I don't have the time or consider your ideas a threat! Lol. Keep responding to my messages. I will leave you to figure it out.
  • #861,534
  • Dec 7, 2013 9:58pm Dec 7, 2013 9:58pm
Quoting horuxito
{quote} I won't steal any of your ideas and quite frankly I don't care because I know you won't share,
Au' contraire......... he's tried to share his "ideas" so you don't need to steal them. However,
not everyone agrees, even though he has tried to share. Yes??

Quoting horuxito
{quote}at the end of the day they are your edge. When you find the way is like "silent you look more beautiful"...
That simply doesn't reflect reality !!
When the Joker is in the deck.. fear not and play it well
  • #861,535
  • Dec 7, 2013 10:03pm Dec 7, 2013 10:03pm
Quoting Eurusdd
I am done with this thread and I hope people will stop painting a bad picture for those who have brilliant ideas. Trading is difficult but it is not that bad. instead of telling people they CAN NEVER make it, tell them why you didn't make it so that they can learn from your mistakes since you don't want to learn yourself.
I am also done with this thread.......... this forum.......... trading.............. and my wives. Where can we meet to tell you how many times I have done with all these?

On a serious note, it is all about acceptance of reality. No person can get to any palce until people honestly accept where they are right now to start with. There is a great difference between making a mistake and taking a wrong decision. A wrong decision is not a mistake, but confusing a decision with a mistake is a big mistake.
The Thief of Wall Street
  • #861,536
  • Dec 7, 2013 10:06pm Dec 7, 2013 10:06pm
Quoting Chicky
{quote} I am also done with this thread.......... this forum.......... trading.............. and my wives. Where can we meet to tell you how many times I have done with all these? On a serious note, it is all about acceptance of reality. No person can get to any palce until people honestly accept where they are right now to start with. There is a great difference between making a mistake and taking a wrong decision. A wrong decision is not a mistake, but confusing a decision with a mistake is a big mistake.
There are so many gray areas even with your statement wich at first sight looks as the reasonable thing to say. Wait, even I don't understand why I just typed lol
Best time to plant a tree was 20 years ago, second best is now
  • #861,537
  • Dec 7, 2013 10:07pm Dec 7, 2013 10:07pm
Quoting Slim Buffett
{quote} Au' contraire......... he's tried to share his "ideas" so you don't need to steal them. However, not everyone agrees, even though he has tried to share. Yes?? {quote} That simply doesn't reflect reality !!
Yup, and I always have had good words for the man.
Best time to plant a tree was 20 years ago, second best is now
  • #861,538
  • Dec 7, 2013 10:08pm Dec 7, 2013 10:08pm
Quoting horuxito
{quote} There are so many gray areas even with your statement wich at first sight looks as the reasonable thing to say. Wait, even I don't understand why I just typed lol
Let me know whenever your are ready to hear a lecture......................You need a good one.
The Thief of Wall Street
  • #861,539
  • Dec 7, 2013 10:11pm Dec 7, 2013 10:11pm
Quoting Chicky
{quote} Let me know whenever your are ready to hear a lecture......................You need a good one.
Sorry if I sounded irrespectful, not my intention.
Best time to plant a tree was 20 years ago, second best is now
  • #861,540
  • Dec 7, 2013 10:12pm Dec 7, 2013 10:12pm
Quoting horuxito
{quote} Yup, and I always have had good words for the man.

Which has nothing to do with your previous post.

I'll wager that you would make a great "do nothing" politician though.
We sure need more of those.

What will you give me if I vote for you??
When the Joker is in the deck.. fear not and play it well
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