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Looking for Real Trading Method

  • #161
  • Jun 18, 2014 9:21am Jun 18, 2014 9:21am
Quoting diceman555
{quote} There are various colours between black and white. The lines on my chart are the average price ,pre Europe open, They represent various time frames. Can I take a buy or sell from these levels with any certainty greater than 50 50 ;no, But if I combine the price action unfolding in front of me with obvious influx on markets opening ,these levels start to tell me something ,with the knowledge that the market is anticipating news release at 9.30 again a hint of indecision ,these levels are again helping me to make entries,watching multiple...
you have your belief system, and if it is working for you then it can not be wrong. The end justifies the means after all.

I am still standing by my statement that these technical studies (with the absence of any fundamental studies) have no proven statistical edge.
tradewith60
  • #162
  • Edited 11:38am Jun 18, 2014 9:29am | Edited 11:38am
Quoting 60minuteman
People have 2 very clear options. 1. Believe simple technicals have an edge, even though it has never been proven. 2. Accept they are no better than a coin toss and adjust risk accordingly. but, based on some comments here, people will choose option 3. Swear they have proof technicals have an edge, but not be able to give proof. Instead they will argue that they somehow have a better read of the market, they are somehow more enlightened or have a secret technique. All these things are easily understood if we spend a little time studying how the...

Out of 18 sessions, the EUR has been bought from my perspective for about 14-15 sessions, I was in a short yesterday and came out simply because I didn't like the way the trade felt. The New York session has been Buying up EUR like crazy, there are times when the market should drop but as fast as the EUR is sold someone steps in and buys it. This is not guessing either it's right there on the chart. I am sure there has to be some kind of edge having this information, and heck you can even see when supply or demand come into the market if you know what to look for. So it's not a useless as you think, I don't use this as my basis to take a trade, new orders have to come in for me to care. but like I said if you make money, then may the pip be with you.
Being a trader is lonely, but being a great trader is lonelier still
  • #163
  • Jun 18, 2014 9:35am Jun 18, 2014 9:35am
Quoting saneblane
{quote} Out of 18 days, the EUR has been bought from my perspective for about 14-15 days, I was in a short yesterday and came out simply because I didn't like the way the trade felt. The New York session has been Buying up EUR like crazy, there are times when the market should drop but as fast as the EUR is sold someone steps in and buys it. This is not guessing either it's right there on the chart. I am sure there has to be some kind of edge having this information, and heck you can even see when supply or demand come into the market if you know...
like i keep saying, please read very carefully -

without any proven statistical edge then you are relying on your beliefs nothing else - that is a fact

unless you have the research or a link to any reliable research that proves that wrong?

Please understand I am not saying something does not work.... I am saying it has not been proven too work.... the fact people can not understand that explains why so many rely on unproven techniques.
tradewith60
  • #164
  • Jun 18, 2014 9:37am Jun 18, 2014 9:37am
Quoting 60minuteman
{quote} like i keep saying, please read very carefully - without any proven statistical edge then you are relying on your beliefs nothing else - that is a fact unless you have the research or a link to any reliable research that proves that wrong? Please understand I am not saying something does not work.... I am saying it has not been proven too work.... the fact people can not understand that explains why so many rely on unproven techniques.
Well I am not going to argue with you about that, I will just leave it at that. May the Pip be with you.
Being a trader is lonely, but being a great trader is lonelier still
  • #165
  • Jun 18, 2014 9:56am Jun 18, 2014 9:56am
Quoting saneblane
{quote} Well I am not going to argue with you about that, I will just leave it at that. May the Pip be with you.
you too sir...
tradewith60
  • #166
  • Jun 18, 2014 9:59am Jun 18, 2014 9:59am
Quoting 60minuteman
without any proven statistical edge then you are relying on your beliefs nothing else - that is a fact unless you have the research or a link to any reliable research that proves that wrong?
Blind EA trader based on indicators.

Statistically speaking and it doesn't do fundamentals...

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #167
  • Jun 18, 2014 10:07am Jun 18, 2014 10:07am
More Stats...same EA...still no fundamentals...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #168
  • Jun 18, 2014 10:12am Jun 18, 2014 10:12am
Quoting Magix
More Stats...same EA...still no fundamentals... {image}
(4 weeks of demo data) it's not impressive.

Its a great point you raise 60mm and has certainly touched the nerves of the rookies
like totally failure brah
  • #169
  • Jun 18, 2014 10:26am Jun 18, 2014 10:26am
Quoting simonb
{quote} (4 weeks of demo data) it's not impressive. Its a great point you raise 60mm and has certainly touched the nerves of the rookies
Now simon, ww, cindy, and your other nicks I have forgotten to mention...

We know that you are just agreeing with 60 seconds because he disagrees with me...

But do you actually trade off of fundamentals, or do you trade off of the techs?

Don't be an idiot, just for the sake of being an idiot.

As far as the statistical data is concerned, there wasn't a caveat applied to the time sampling size. Additionally, if you have even a vague understanding of market, you will know that it trades in cycles. Though these cycles shift from month to month, having 5 weeks of live test data is a quantifiable statistical sampling for FOREX.

Seriously dude...why do you even bother?

You get all jacked up by posting bullshit?

Why not go and litter some thread with the sounds of burning cats like your norm?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170
  • Jun 18, 2014 10:27am Jun 18, 2014 10:27am
Wut it do tho
like totally failure brah
  • #171
  • Jun 18, 2014 10:30am Jun 18, 2014 10:30am
Here is 7 months...better?
A different strategy...
Automated, no fundamental analysis...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #172
  • Jun 18, 2014 10:44am Jun 18, 2014 10:44am
Quoting Magix
Here is 7 months...better? A different strategy... Automated, no fundamental analysis... {image}
You could open a window.. Maybe that will help?
like totally failure brah
  • #173
  • Jun 18, 2014 11:02am Jun 18, 2014 11:02am
Quoting simonb
{quote} (4 weeks of demo data) it's not impressive. Its a great point you raise 60mm and has certainly touched the nerves of the rookies
at last, someone that can accept a different opinion...
tradewith60
  • #174
  • Jun 18, 2014 11:10am Jun 18, 2014 11:10am
Quoting 60minuteman
{quote} at last, someone that can accept a different opinion...

Thing is...He doesn't...

He thinks you're full of shit wrong too...but because FF allows these spamming assholes anybody with another email addy back in, we need to continue to put up with their worthless tripe.

He doesn't actually agree with you...he is only disagreeing with me for the sake of disagreeing with me...

Ask him...

Let's see if he can confirm that Fundamentals are required for any techs to have an edge in FOREX.

Being stuck in stupid in a thread that is a request for valid information is of no value. Why don't the pair of you start a thread on bad music and worthless stats?

At least this way, others that are trying to learn from those who can validly show, don't have to flip past worthless crap.

PS...You never bothered to touch on the actual provided stats that basically say that what you are posting is worthless...so is this information too, what you will just look past?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #175
  • Jun 18, 2014 11:37am Jun 18, 2014 11:37am
Interesting video...

Inserted Video
  • #176
  • Edited 12:39pm Jun 18, 2014 11:38am | Edited 12:39pm
Edit: Sessions Not Days. I mixed up two words there for a second. This would give a better picture I guess of the imbalances supply and demand that exist at this level and some of the things that can be had from a chart. Mind you you don't have to pay attention to all of them, just the biggest session sentiment would give you an idea of what the market wants. If anyone spots anything wrong on my charts feel free to point it out, I am always happy to better myself. a few candles have some equal balance but the most important ones, have the Euro being bought, at this level the demand for EUR is high. The Green dots represent the EUR being bought.

But anything could still happen, news coming out so we will see how it plays out. If the Eur survives the news, then that would be a very important piece of information.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Being Bought Up over tha past sessions.jpg Size: 136 KB
Being a trader is lonely, but being a great trader is lonelier still
  • #177
  • Jun 18, 2014 11:41am Jun 18, 2014 11:41am
Quoting Magix
{quote} Thing is...He doesn't... He thinks you're full of shit wrong too...but because FF allows these spamming assholes anybody with another email addy back in, we need to continue to put up with their worthless tripe. He doesn't actually agree with you...he is only disagreeing with me for the sake of disagreeing with me... Ask him... Let's see if he can confirm that Fundamentals are required for any techs to have an edge in FOREX. Being stuck in stupid in a thread that is a request for valid information is of no value. Why don't the pair of you...
I like 60's posts because he simply enters into a discussion and doesn't try and convince us (or himself) in every post how brilliant he is. It's hard to imagine you actually trade, very emotional and quick to get personal. Really you should get outside more, I don't mean that as an insult, you remind me of a young Cindyxxxx. Maybe that's why you irritate me so much. Who knows.
like totally failure brah
  • #178
  • Jun 18, 2014 11:51am Jun 18, 2014 11:51am
Quoting simonb
{quote} I like 60's posts because he simply enters into a discussion and doesn't try and convince us (or himself) in every post how brilliant he is. It's hard to imagine you actually trade, very emotional and quick to get personal. Really you should get outside more, I don't mean that as an insult, you remind me of a young Cindyxxxx. Maybe that's why you irritate me so much. Who knows.
Really?

He doesn't?

Quoting 60minuteman
{quote} like i keep saying, please read very carefully - without any proven statistical edge then you are relying on your beliefs nothing else - that is a fact unless you have the research or a link to any reliable research that proves that wrong? Please understand I am not saying something does not work.... I am saying it has not been proven too work.... the fact people can not understand that explains why so many rely on unproven techniques.
Even in the face of his requested STATS....

Quoting 60minuteman
like i keep saying, please read very carefully
Having a firm grip on reality and a keen nose for sniffing out bullshit has absolutely nothing to do with my ability to trade. If you aren't offended by blatant ignorance, it is you with a character flaw...not me.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #179
  • Jun 18, 2014 1:58pm Jun 18, 2014 1:58pm
Geez, Simon & 60Seconds...

2 Hours and...
No more smart ass quips?
No more bullshit on STATS that don't exist?

Is reality starting to set in?

Are you actually doing everybody a favor and giving up on this?
or
Do you need more information?

You know where to find me...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #180
  • Jun 18, 2014 2:30pm Jun 18, 2014 2:30pm
The fact is technicals are based on fundamentals. Fundamentals drive the market up or down. Technicals are the bits inbetween that everyone here on FF relies on. I don't see many ( I've seen a handful) saying longing cable since 2013 because Ive seen the stats for example.

Then again I don't have the balls ( or capital, patience whatever) to hold a position for months.

Magix. Great results. However you only have those results because of the fundies, even though those results were pure technical.

My opinion.
May the piperinos be with you
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