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What if someone finds the Holy Grail?

  • #21
  • Oct 5, 2014 2:09am Oct 5, 2014 2:09am
Quoting MapleLeaf
There is no such thing as a Holy Grail in a Gambling Based Business.

Nonsense. I've had a run of 60 profitable trades in a row once. I've met traders with 100+ Show me one person who wins that many times in a row gambling !! Gambling means your decision comes from "faith, gut feeling, whatever!" Trading means you do have an edge. If you don't know what you're doing, STOP trading and go to a casino! At least you get free drinks while losing all your money. Here you look at a monitor!!
  • #22
  • Oct 5, 2014 4:46am Oct 5, 2014 4:46am
Funny how everyone thinks gambling is a dirty word. Every time I drive my car I'm taking a gamble that other drivers won't smash into me. I can hedge that bet by getting comprehensive car insurance. but there is still risk there (physical injury, death). Every decision in life is a gamble I think you could argue.
  • #23
  • Oct 5, 2014 7:13am Oct 5, 2014 7:13am
Quoting MapleLeaf
There is no such thing as a Holy Grail in a Gambling Based Business. To make money you need to work in a real job, generating value or producing something real, there are no shortcuts to make money out of thin air. And remember that 99.6% of people lose money in FOREX. What makes you think you will be part of the 0.4%?
LOL, Gambling based business. Casinos pretty much hold the model for Holy Grail's. Its called an indisputable edge that over the course of millions of bets leads to a massive in flow of profits.
  • #24
  • Oct 5, 2014 10:37pm Oct 5, 2014 10:37pm
Quoting Razor_trader
{quote} LOL, Gambling based business. Casinos pretty much hold the model for Holy Grail's. Its called an indisputable edge that over the course of millions of bets leads to a massive in flow of profits.
Actually rather accurate I know a roulette dealer showed me he could dump the ball into the slot of his choosing every time, not quite a fair game if you can crank the odds like that.

there are some extremely good algo's out there in the 90-95% range, But you will Not find them in the retail sector......

happy trading
  • #25
  • Oct 6, 2014 12:51am Oct 6, 2014 12:51am
If you try hard enough everyone will find his own holygrail, then it is a matter of time.
  • #26
  • Oct 6, 2014 2:12am Oct 6, 2014 2:12am
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  • #27
  • Oct 6, 2014 2:39am Oct 6, 2014 2:39am
Quoting Jysticim
If you try hard enough everyone will find his own holygrail, then it is a matter of time.
true ......with most ppl it is a matter of how you view your chart & whether you can correctly interpret what it there staring you in the face.

patience is the key
  • #28
  • Oct 6, 2014 3:10am Oct 6, 2014 3:10am
Fx act am everywer u go
  • #29
  • Oct 6, 2014 3:20am Oct 6, 2014 3:20am
Quoting emmymilton
Fx act am everywer u go
Welcome
  • #30
  • Oct 9, 2014 5:46am Oct 9, 2014 5:46am
Quoting Forexnuts
{quote} LOL, I know..all that one needs is to use the search tab for HG and see how many threads pop up, most requesting for one, a few claiming they have found the HG..bottom line, no one would sell it and if anyone is planning to sell it it would mainly be because the trader has no more use for it..
yeah exactly, i do go through some holy grail threads just to see what people has to say and whats going on, and its a whole different world on its on, its a never ending hunt for something thats almost non existent. i say almost just in case that 0.0000001% possibility happens and a holy grail pops up haha
  • #31
  • Oct 11, 2014 5:05am Oct 11, 2014 5:05am
the closest you can come to having a holy grail is trading with the TREND
  • #32
  • Oct 12, 2014 11:25am Oct 12, 2014 11:25am
Quoting MapleLeaf
There is no such thing as a Holy Grail in a Gambling Based Business. To make money you need to work in a real job, generating value or producing something real, there are no shortcuts to make money out of thin air. And remember that 99.6% of people lose money in FOREX. What makes you think you will be part of the 0.4%?
Dude, did you get attacked by a gang of rabid forex traders and put in the hospital or something? I have never read a post of yours that isn't SEVERELY negative.
That being said, if someone find the "Holy Grail", well, we know who the next king of the world would be then, right?
  • #33
  • Oct 14, 2014 1:27pm Oct 14, 2014 1:27pm
Quoting jiggz
{quote} yeah exactly, i do go through some holy grail threads just to see what people has to say and whats going on, and its a whole different world on its on, its a never ending hunt for something thats almost non existent. i say almost just in case that 0.0000001% possibility happens and a holy grail pops up haha
LOL, I know,. it is fun reading those threads but then again, every now and then, even right here on ff, some of the newbies get conned into paying money for bupkiss..
Bottom line, for all newbies: Holy grails, to date, do not exist and even if one does, no one is going to come forward to offer it for free or at a price..
  • #34
  • Oct 31, 2014 7:11am Oct 31, 2014 7:11am
I don't think trading as a whole is a gambling business, the way you approach a trade may be a gamble but that does not make it a gambling business.

I think there algorithms in HFT that have a led to a higher success rate but this is not by any means the holy grail. Its like having a successful sports team, they are not guaranteed to win in every game/match.
  • #35
  • Nov 1, 2014 11:07am Nov 1, 2014 11:07am
Yes, it's probably just a matter of opinion. I look at gambling as wagering on games of chance where the next event is completely uncorrelated to any previous event. So if the dice just rolled a 2, the next roll is just as likely to be an 11 as a 3. Just because 3 is next to 2, it is not any more or less likely than an 11. If your trading has no method that produces an edge at all, then the broker will always win in the long run because of his fixed spread advantage. That seems pretty close to gambling to me.

If your trading has an edge, then you can win only if your edge is greater than the broker spread. That is something different. Of course there is some correlation in prices in trading. If the previous H1 candle for UJ closed at 112.00, then it's much more likely that the next H1 candle will close between 111.00 and 113.00 than between 81.00 and 83.00, and that is just the simplest and most obvious of many possible correlations. Additionally, while trading you are providing liquidity to the market and helping to discover the correct price for the current conditions. You can be paid for the use of your capital and your service of price discovery if you do it well. That sounds more like investing to me, whether it is very short term like scalping or very long term like position trades that last months.

Understanding the difference between gambling and trading just might be the first step in becoming a successful trader. Of course, that is just my own humble opinion.
  • #36
  • Nov 1, 2014 12:19pm Nov 1, 2014 12:19pm
I like your explanation

Quote
Graviton
If your trading has an edge, then you can win only if your edge is greater than the broker spread. That is something different. Of course there is some correlation in prices in trading. If the previous H1 candle for UJ closed at 112.00, then it's much more likely that the next H1 candle will close between 111.00 and 113.00 than between 81.00 and 83.00, and that is just the simplest and most obvious of many possible correlations. Additionally, while trading you are providing liquidity to the market and helping to discover the correct price...
  • #37
  • Nov 1, 2014 12:35pm Nov 1, 2014 12:35pm
lets celebrate and go to the wild party if got holygrail......
we don't predict, we only ride
  • #38
  • Nov 5, 2014 1:50pm Nov 5, 2014 1:50pm
Quoting cakrajaya
lets celebrate and go to the wild party if got holygrail......
Frankly, we should start celebrating and go to that wild party right away..in the hopes that someone shares it with the rest of the trading world..
  • #39
  • Nov 6, 2014 11:50am Nov 6, 2014 11:50am
Quoting BubaYaga
Funny how everyone thinks gambling is a dirty word. Every time I drive my car I'm taking a gamble that other drivers won't smash into me. I can hedge that bet by getting comprehensive car insurance. but there is still risk there (physical injury, death). Every decision in life is a gamble I think you could argue.
Absolutely. I could not have said it any better.
It's time we stop entertaining ourselves and start realizing ourselves!
  • #40
  • Nov 12, 2014 8:26pm Nov 12, 2014 8:26pm
Quoting Razor_trader
{quote} LOL, Gambling based business. Casinos pretty much hold the model for Holy Grail's. Its called an indisputable edge that over the course of millions of bets leads to a massive in flow of profits.
Like I said many times here, The house always wins.

And you know very well that Brokers are the House here.

You know it very well, and you also know that you DON'T make a living trading the Retail Forex Market.

That's the truth.
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