I believe I found the Market's "Tell" | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

"Signal-not found update signal-6216 in base" problem 0 replies

MT4 Order Type: "Instant Execution" vs "Market Execution" 2 replies

believe it or not, 15% in "SECOND", and prove it 11 replies

Attachments: I believe I found the Market's "Tell"
Exit Attachments

I believe I found the Market's "Tell"

  • #61
  • Jun 1, 2014 5:00pm Jun 1, 2014 5:00pm
Quoting feline207
Wow, the thread is already going to a higher level. There is that common twist, where the op gets offended and says - oh, i was planning to give you a little bit of what i had , but after i read your responses you made me rethink and i would keep it to myself... Then there are others talking completely irrelevant things.. and yet there are even more others , documenting they saw big foot in the wild forest.. Really exciting, i think great traders are born right here at this moment..
Some will take from this thread. Others will not. Generally, those who understand the bigger picture are not going to hand it to you on a plate. We have paid too high a price. We may however lay out the path that may get you there.
The road to pipland is arduous and fraught with challenge.
  • #62
  • Jun 1, 2014 5:04pm Jun 1, 2014 5:04pm
Quoting Orly
Hard to believe such vague and incoherent idiocy would be presented as a "thread" on a real forum. :/

Welcome to the internet.

I hope you will enjoy your visit.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #63
  • Jun 1, 2014 5:13pm Jun 1, 2014 5:13pm
for any trading system side affect of viagra on experienced traders must be taken in account ...
The Market pays you to be disciplined
  • #64
  • Jun 1, 2014 5:28pm Jun 1, 2014 5:28pm
Quoting Magix
{quote} Welcome to the internet. I hope you will enjoy your visit.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #65
  • Jun 1, 2014 5:32pm Jun 1, 2014 5:32pm
Quoting traider
{quote} We have paid too high a price. We may however lay out the path that may get you there.
And who are YOU in that particular case? Some secretive power elite - the Gods of forex trading? I took a minute to look at your profile and despite you being old member with a good post count, i did not find anything particularly insightful. So what puts you on above me so i should depend on your benevolence and willingness to share your treasures? But who knows. "some will take" from you and "others will not". I can spend the whole night making such, as i love to call them - alabalistic writings such as "you should grasp the bigger picture" "we have worked hard to make it, so you must find your own path".. But why don''t you start first with "the trend is your friend" and let your winners run and cut losses short" ? Or maybe even the 2% rule ? Or the 95% ? Perhaps the 10,000 hours? Wordiness is not a contribution, if my opinion means anything before you. Those guys that have the hard experience here must lay some fundamental knowledge and provokе serious thinking proccess, everything else is a dick measuring contest alongside flatulent phrases.
  • #66
  • Jun 1, 2014 5:36pm Jun 1, 2014 5:36pm
Quoting gspajon
I will now take the advise of those first several comments and shut up
Quoting traider
{quote} I occasionally come in here and try to motivate the few industrious types. Thats all you can do.
And some, who are a tad less puffed up on themselves ... appreciate it.
Ghost Rider - WWTBMD?
  • #67
  • Jun 1, 2014 5:37pm Jun 1, 2014 5:37pm
Quoting feline207
{quote} And who are YOU in that particular case? Some secretive power elite - the Gods of forex trading? I took a minute to look at your profile and despite you being old member with a good post count, i did not find anything particularly insightful. So what puts you on above me so i should depend on your benevolence and willingness to share your treasures? But who knows. "some will take" from you and "others will not". I can spend the whole night making such, as i love to call them - alabalistic writings such as "you should grasp the bigger picture"...
Ah well. Then that is the way for you. There are no gold stars in this game. Either you get it right or you don't. That will take hard effort and no freebies.
The road to pipland is arduous and fraught with challenge.
  • #68
  • Edited 11:21pm Jun 1, 2014 10:58pm | Edited 11:21pm
Hahaah I knew you bastards would come out of the wood work like trolls from under a bridge. It's always the same, someone discovers something new and everyone is out for blood. The Thread didn't tell me a thing I didn't know, because I always felt there was something else out there, and I kept digging until I found it, be happy for the guy and shut the hell up, it would also help someone else who might need the little encouragement to keep going, so it will serve it's purpose. There are some of you here that would never believe any edge because you believe the market is moved by fairy dust . This forum serves as nothing but comic relief, but every once in a while something pleasantly unexpected happens to someone else who put in the time.
Being a trader is lonely, but being a great trader is lonelier still
  • #69
  • Jun 1, 2014 11:42pm Jun 1, 2014 11:42pm
Quoting saneblane
Hahaah I knew you bastards would come out of the wood work like trolls from under a bridge. It's always the same, someone discovers something new and everyone is out for blood. The Thread didn't tell me a thing I didn't know, because I always felt there was something else out there, and I kept digging until I found it, be happy for the guy and shut the hell up, it would also help someone else who might need the little encouragement to keep going, so it will serve it's purpose. There are some of you here that would never believe any edge because...
Lol. I guess by reminding them that they will have to work for success, we are telling them something they don't want to hear. However, drop a few fancy words and other fairy dust and they will follow you like lapdogs. Human nature...never fails to live up to my expectations.
The road to pipland is arduous and fraught with challenge.
  • #70
  • Edited 4:56am Jun 2, 2014 4:37am | Edited 4:56am
I have looked at volume for forex futures in the past. But rather than look at charts I have been looking at the market overall which has made me question the usefulness of volume. Firstly some stats:

Spot forex makes up just 38% of total forex volume.

Of that 38% only 18% is speculative -(14% hedge funds and 4% other (retail) ).

That leaves 82% of the market which is non-speculative and is composed of market makers who make money on the spread and who are not interested in directional speculation (google hot potato trading), and utilitarian transactions i.e non financial businesses needing to use forex to buy foreign goods.

These statistics, which you can find in the Triennial Central Bank survey 2013, demonstrate that the forex market is predominantly non-speculative and therefore volume as a predictor of market turns or movement is likely to have a similar value as any chart pattern. This will not be the case of stocks or some other financial instruments of course.

When you consider the statistics above, it's a bit of a giggle to read such comments "... keep it to yourself, the stakes are too high, to be talking i guess". Guessing is why most people fail at trading. And so the holy Grail seekers will continue in their search for that magic ingredient. No doubt I'll be accused by the uneducated that I am trolling

So lets discuss volume in light of who are the market participants and their function and whether their function and their volume created will be useful for speculative purposes.
  • #71
  • Jun 2, 2014 5:00am Jun 2, 2014 5:00am
Quoting Porkpie
I have looked at volume for forex futures in the past. But rather than look at charts I have been looking at the market overall which has made me question the usefulness of volume. Firstly some stats:
That's what I keep saying but few care to actually debate the problem (most likely invite me out of the thread).
http://www.forexfactory.com/showthre...67#post7464067

Market offers no edge in the short term. All studies I have read confirm that. Opening a thread just to brag with your delusions is of no use. There are a couple of "Ultimate truth" and "A delicate secret" already. Also, redundant statements whose sole purpose is to self boost someone's ego lack any value (those that feline207 already pointed out). You either have something to share or not. Or you have something to debate or not.
  • #72
  • Jun 2, 2014 5:33am Jun 2, 2014 5:33am
The 'tell' that I've been studying and starting to apply to my trading is simply wait for it to move, when the market makes a sharp strong move in a direction I wait for a shallow pullback and then go with that direction.

My thoughts behind it are, it's easier than trying to work out the potential for a move that may happen, and I have found that most of the time a sharp strong move is just the start, most traders will not want to jump on these because they think they have missed the trade and have been told endless times not to chase the market, where in actual fact you're not chasing the market, you are just waiting for it to really show it's hand.
  • #73
  • Jun 2, 2014 8:10am Jun 2, 2014 8:10am
It is said that when you succeed at something (anything) there are those that will pull you down to their level. The motive for this behavior is unclear but seems abundantly evident here. I've been at FF for a long time. I have been inspired by people who post here yet I really don't know if they are "real" traders or not...it never really mattered. What mattered was that at that point in time, their words hit home and struck something inside of me that pushed me forward. People like Merlin and Hanover.

I have gone back over some of their posts...the ones I found most inspiring. There I saw some of the same nonsense as I'm seeing here. I also read on as some of these people have given up in frustration to try and explain their point of view only to be ridiculed for their effort. An effort with only one motive...to help or inspire.

As I read through this thread again and see the comments I am left with only one conclusion...I brought this on myself. I didn't have to open this thread but I did. Originally my motive was (as I have stated several times now) to encourage someone else who might not quite be there....I can't give any of you any answers because this "journey" is an individual one. However, I must now face the fact that what ever my motivation, anything I saw or comment on will be lost in the perpetual "noise" of others who wish nothing else but to demean their fellows. And for what...that I share something it took ME (my personal head banging) 11 years to discover? And my reluctance to say?

According to THIS thread, I am (1) a potential scammer looking to promote an as yet uncreated EA. (2) "retail" trader and newbie who can't get out of his own way. or (3) ignorant of the laws of mathematics and statistics having not revealed the "math" behind anything I have hinted at.

I'm truly sorry I started this mess, and have only myself to blame. I clearly didn't accomplish my stated goal, and will therefore refrain from commenting again on this forum. I am really sorry to have seen it degrade as it has...or perhaps it was always this way and I was just too naive to see it before. At any rate, I'm DONE.

I'm sure this will launch a new onslaught of trite quips and pithy comments...all of which will reveal more about those to write them than about who they are writing. Judge for yourself where you wish to place your energy.
  • #74
  • Jun 2, 2014 8:19am Jun 2, 2014 8:19am
Quoting gspajon
It is said that when you succeed at something (anything) there are those that will pull you down to their level. The motive for this behavior is unclear but seems abundantly evident here. I've been at FF for a long time. I have been inspired by people who post here yet I really don't know if they are "real" traders or not...it never really mattered. What mattered was that at that point in time, their words hit home and struck something inside of me that pushed me forward. People like Merlin and Hanover. I have gone back over some of their posts...the...
if you have been around the block like you said, you must yourself have known that the nature of your post would get this response.

If you had explained something of your approach or at least something for people to ponder and study, then you may of had a different result. Even if it was just some test results... anything!... you have yourself to blame really, strolling into the lion cage with bacon strapped to your but, you're gonna get mauled!
tradewith60
  • #75
  • Jun 2, 2014 9:32am Jun 2, 2014 9:32am
"The game of speculation...is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor."

"...the fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions."

"There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again."

"The point is not so much to buy as cheap as possible or go short at top price, but to buy or sell at the right time."

"When some of my stock trading operations are given, you will notice I made my first trade... when the force of movement was so strong that it simply had to carry through."

~Jesse Livermore
  • #76
  • Jun 2, 2014 10:28am Jun 2, 2014 10:28am
[quote=60minuteman;7506443]{quote} if you have been around the block like you said, you must yourself have known that the nature of your post would get this response.
  • #77
  • Jun 2, 2014 10:47am Jun 2, 2014 10:47am
Interesting and true to form - Some detractors, some defenders and a few sympathizers. I love threads like this - comic relief after being stopped out
  • #78
  • Edited 11:32am Jun 2, 2014 11:08am | Edited 11:32am
Quoting Porkpie
I have looked at volume for forex futures in the past. But rather than look at charts I have been looking at the market overall which has made me question the usefulness of volume. Firstly some stats: Spot forex makes up just 38% of total forex volume. Of that 38% only 18% is speculative -(14% hedge funds and 4% other (retail) ). That leaves 82% of the market which is non-speculative and is composed of market makers who make money on the spread and who are not interested in directional speculation (google hot potato trading), and utilitarian transactions...

You know I just laugh at the kinds of people that post on here and want to ridicule people. Look at this nonsense post here about volume for example, this guy is trying to "measure" volume, anyone who has used volume knows the bullshit in this post from many angles. Years ago when I started out I researched and found the problem to this isssue, if you look on your 4 hour chart with the tick volume you will notice that each session has more volume than the next with the New York/ London overlap having the most volume all the time, and this is right like 95 percent of the times, do you think it's a coincident that it is right? the issue is not volume we know it's right most of the times or you still going to blame volume because you can't trade. The new york/ London session has the most volume numbnuts use that info.

The issue is not volume activity, the issue is you don't know which currencies are the ones with the most volume, that's the issue. You don't even know your issue to begin with, and there are several things you can do to better this issue for yourself. Even though this might be an issue, the market is still bias towards some pairs more than others, and it's a reason why most people trade EURUSD, but most don't even know this, they just say it more "predictable". And another thing if you learn to trade other markets before forex don't try to bring all those "skills" here, it's easier for me and I have done this many times to pick winning stock trade than for a stock trader to pick winning forex trade you know why? the Forex Market is a dragon that has 8 heads and one tail. I am not going to say anything else, you haven't even gotten past the whining about volume stage

FF is full of the most "traders" that don't know shit about the market they are in, it's unbelievable to me sometimes. Those issue you talk about you can find the answers to some of them, but instead of trading and researching you are here bombing people's threads with your "knowledge". unbelievable.
Being a trader is lonely, but being a great trader is lonelier still
  • #79
  • Jun 2, 2014 11:13am Jun 2, 2014 11:13am
I believe I found the Market's "Hell"
My Best Trade is Next Trade!
  • #80
  • Edited 1:22pm Jun 2, 2014 12:14pm | Edited 1:22pm
Quoting saneblane
{quote} You know I just laugh at the kinds of people that post on here and want to ridicule people. Look at this nonsense post here about volume for example, this guy is trying to "measure" volume, anyone who has used volume knows the bullshit in this post from many angles. Years ago when I started out I researched and found the problem to this isssue, if you look on your 4 hour chart with the tick volume you will notice that each session has more volume than the next with the New York/ London overlap having the most volume all the time, and this...
Sandy don't get all sensetivo now.. lol
Passion, Persist, Patience, Protect
0 traders viewing now