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  • #938,081
  • Nov 21, 2014 11:44pm Nov 21, 2014 11:44pm
Mindblowing clusterfuck Chicky
Why sell the bottoms when you can buy the tops...
  • #938,082
  • Nov 21, 2014 11:49pm Nov 21, 2014 11:49pm
Quoting Chicky
{quote} No. This is all about putting permanent trend lines, never to be removed and see how pa reacts at these lines in the future. These lines and this chart is so magical that it always works against you. If you go for a bounce from a trend line, it would break it. But if you go for a break, it will bounce off from that line never to return...................... You keep on doing this for x number of times, until you learn money management. Once you learn money management, you start thinking how to double you account in a month because 0.25%...
I almost Blind when i read your post
Forex as Leverage
  • #938,083
  • Nov 21, 2014 11:56pm Nov 21, 2014 11:56pm
Quoting Chanlie
{quote} I almost Blind when i read all of them
There is something called Subconscious Mind. If you tame that thing and store there facts or fiction of your choice, you can conquer the world. Repeatedly getting a margin call by consistently doing something that you want to get rid off, stores the negative results in your subconscious mind until there is a point when your conscious mind never thinks about doing that ever again.
The Thief of Wall Street
  • #938,084
  • Nov 22, 2014 12:00am Nov 22, 2014 12:00am
Hi Chicky, I have a roulette strategy like that. I bet $10 on red, then if it is black I bet $25 on red, then $80 on red, $120 on red and so on. What are the chances of 5 reds in a row ? I guess the same applies with trading. Even though the probability is small on each round, it is almost certain you will blow out one day with that strategy.
  • #938,085
  • Nov 22, 2014 12:00am Nov 22, 2014 12:00am
i wonder how many people would read beyond the second time not noticing it just repeats repeats repeats
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #938,086
  • Nov 22, 2014 12:03am Nov 22, 2014 12:03am
Quoting fxtyrant
i wonder how many people would read beyond the second time not noticing it just repeats repeats repeats
You got the point. Believe me there are many, probably 95% of them ................... This is exactly what they do with their accounts ............ Everybody has heard about repeating the same mistakes and expecting a different result, but in trading, even if the result is different once or twice, a basic mistake never pays off.
The Thief of Wall Street
  • #938,087
  • Edited 12:57am Nov 22, 2014 12:45am | Edited 12:57am
List of trading bullshits:
Trend
Trend Line
HH, LL, LH, HL
Open, Close, High, Low
Spike
H&S, Bat, 123, Waves, MA, SMA, Cup and Handle and other similar horse shits
Fibs - retrace, extension, etc.
Range
Break
Consolidation
Stochastic
Pivots
PPZs
Round numbers
Oscillators
Vibrators, etc

List of more trading bullshits:
win/loss ratio
Support/Resistance
Magic Numbers
Key Levels
Historical Levels
Order flow
RR
XXX, etc

List of yet more trading bullshits:
Patience
Hedging, Anti-hedging
Martingale
Scaling in and out
Pyramiding
Money Management
Leverage
Price Arbitage
Probability
Pornography, etc.

List of ultimate trading bullshits:
Indicators
Price Action
News Trading
Predictions in EURUSD thread, etc.

Keys To Success in Trading
Stay away from trading ........................................................... until the time is right
Thai Massage, etc.
The Thief of Wall Street
  • #938,088
  • Nov 22, 2014 1:59am Nov 22, 2014 1:59am
Closed EUR short on that blow out close. Ultimately Draghi delivered nothing (again). EUR may go lower as German GDP gets smoked by sinking JPY, but there is a risk that one day this will endless crapload from Draghi about "we will deliver" then delivering nothing, will end with a peripheral country making a move to exit the EUR by some political surprise, which would send it through the roof. This is what makes me very uncomfortable holding EUR short as large & of my portfolio long term.

I mean if I was Greek I would be thinking, lets default on the debt and exit the euro. What in the world keeps them in it?
  • #938,089
  • Nov 22, 2014 2:30am Nov 22, 2014 2:30am
Quoting Chicky
List of trading bullshits: Trend Trend Line HH, LL, LH, HL Open, Close, High, Low Spike H&S, Bat, 123, Waves, MA, SMA, Cup and Handle and other similar horse shits Fibs - retrace, extension, etc. Range Break Consolidation Stochastic Pivots PPZs Round numbers Oscillators Vibrators, etc List of more trading bullshits: win/loss ratio Support/Resistance Magic Numbers Key Levels Historical Levels Order flow RR XXX, etc List of yet more trading bullshits: Patience Hedging, Anti-hedging Martingale Scaling in and out Pyramiding Money Management Leverage...
Some of this things do actually works......
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #938,090
  • Nov 22, 2014 2:49am Nov 22, 2014 2:49am
Quoting Chicky
List of trading bullshits: Trend Trend Line HH, LL, LH, HL Open, Close, High, Low Spike H&S, Bat, 123, Waves, MA, SMA, Cup and Handle and other similar horse shits Fibs - retrace, extension, etc. Range Break Consolidation Stochastic Pivots PPZs Round numbers Oscillators Vibrators, etc List of more trading bullshits: win/loss ratio Support/Resistance Magic Numbers Key Levels Historical Levels Order flow RR XXX, etc List of yet more trading bullshits: Patience Hedging, Anti-hedging Martingale Scaling in and out Pyramiding Money Management Leverage...

Sounds like the outline of a $ 15.000 course on trading the markets.


Trading the markets like a boss - your host - Chicky
Now only $ 7.500 - a staggering 50% discount!
  • #938,091
  • Nov 22, 2014 5:03am Nov 22, 2014 5:03am
as for me, I will hold shorts for 2250/2180. Stop 2510.

octobers monthly hi/lo range has been 402 pips
september monthly hi/lo range has been 589 pips
august monthly hi/lo range has been 317 pips

november range per friday closing: 243 pips

of course that isnt any indicator for a trade setup/analysis...but worth a check.

For the buyers, 236x will offer a low risk long for 244x/2500?...
Anyway if bears dont print new LL next week we might retrace to 25xx and consolidate for a while...who knows... I will play the levels as they come. Dont gonna buy 236x.

Take care,

JB


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Hero calls followed by margin calls...
  • #938,092
  • Nov 22, 2014 6:13am Nov 22, 2014 6:13am
Quoting Chicky
List of trading bullshits: Trend Trend Line HH, LL, LH, HL Open, Close, High, Low Spike H&S, Bat, 123, Waves, MA, SMA, Cup and Handle and other similar horse shits Fibs - retrace, extension, etc. Range Break Consolidation Stochastic Pivots PPZs Round numbers Oscillators Vibrators, etc List of more trading bullshits: win/loss ratio Support/Resistance Magic Numbers Key Levels Historical Levels Order flow RR XXX, etc List of yet more trading bullshits: Patience Hedging, Anti-hedging Martingale Scaling in and out Pyramiding Money Management Leverage...
Haha, true. Here some additional things to add to the Bullshit List:

- Trading Strategies
- Expert Advisors EA
- Candle Sticks
- Grid Trading
Forex is a losers game.
  • #938,093
  • Nov 22, 2014 6:46am Nov 22, 2014 6:46am
Quoting trader121
{quote} Haha, true. Here some additional things to add to the Bullshit List: - Trading Strategies - Expert Advisors EA - Candle Sticks - Grid Trading
Grid Trading can work... but it so expensive to run that you need a lot of money...

It's like "brute force trading"....

Yes, most Expert Advisors EA, do not work. If they work is only on the short term.


Some grid trading EAs can actually work for very long time, i backtested it, it does work. You need serious amount of money and the return is not great, but they can work for decades....
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #938,094
  • Nov 22, 2014 6:53am Nov 22, 2014 6:53am
Quoting Lacunoide
{quote} Grid Trading can work... but it so expensive to run that you need a lot of money... It's like "brute force trading".... Yes, most Expert Advisors EA, do not work. If they work is only on the short term. Some grid trading EAs can actually work for very long time, i backtested it, it does work. You need serious amount of money and the return is not great, but they can work for decades....
Hero calls followed by margin calls...
  • #938,095
  • Nov 22, 2014 6:58am Nov 22, 2014 6:58am
Quoting Chicky
List of trading bullshits: Trend Trend Line HH, LL, LH, HL Open, Close, High, Low Spike H&S, Bat, 123, Waves, MA, SMA, Cup and Handle and other similar horse shits Fibs - retrace, extension, etc. Range Break Consolidation Stochastic Pivots PPZs Round numbers Oscillators Vibrators, etc List of more trading bullshits: win/loss ratio Support/Resistance Magic Numbers Key Levels Historical Levels Order flow RR XXX, etc List of yet more trading bullshits: Patience Hedging, Anti-hedging Martingale Scaling in and out Pyramiding Money Management Leverage...
Fibs work 100 % of the time, the market is all Fibonacci numbers driven with no exception, putting them together is not easy at all but that comes with experience. The reality is that the numbers are there over and over again, if traders see them is a different matter. I said this before and say again, I will prove what I am saying anytime to anyone, bring an example and will put the fibs for you.
Pivots work a fair amount of the time and divergences as well, as for the other lagging indicators, I don't have much to say about them.
That type of bold statements actually do very little in enlightening people, you can't put everything in one bag and discard it unless you come out with something and show that it actually works more often than all the others.
We watch the charts from every angle so you don't have to!!
  • #938,096
  • Nov 22, 2014 7:01am Nov 22, 2014 7:01am
Quoting pedro319
{quote} Fibs work 100 % of the time, the market is all Fibonacci numbers driven with no exception, putting them together is not always easy but that comes with experience. The reality is that the numbers are there over and over again, if traders see them is a different matter. I said this before and say again, I will prove what I am saying anytime to anyone, bring an example and will put the fibs for you. That type of bold statements actually do very little in enlightening people, you can't put everything in one bag and discard it unless...

Alright so let's do it.

Please predict,by using fibs, the EU movements for next week. Where will price head to and which levels will be turning points?

I'm curious about it.

JB
Hero calls followed by margin calls...
  • #938,097
  • Nov 22, 2014 7:02am Nov 22, 2014 7:02am
Quoting pedro319
{quote} Fibs work 100 % of the time, the market is all Fibonacci numbers driven with no exception, putting them together is not easy at all but that comes with experience. The reality is that the numbers are there over and over again, if traders see them is a different matter. I said this before and say again, I will prove what I am saying anytime to anyone, bring an example and will put the fibs for you. That type of bold statements actually do very little in enlightening people, you can't put everything in one bag and discard it unless...
Thats why you arent rich so far and still hanging around in a spammy forum on a saturday?...

Right...
Hero calls followed by margin calls...
  • #938,098
  • Nov 22, 2014 7:38am Nov 22, 2014 7:38am
Quoting PhAnTi'
{quote} Alright so let's do it. Please predict,by using fibs, the EU movements for next week. Where will price head to and which levels will be turning points? I'm curious about it. JB
This was my trading plan two weeks ago.
http://www.forexfactory.com/showthre...48#post7875348

I will make a new one and post it here maybe tomorrow.
We watch the charts from every angle so you don't have to!!
  • #938,099
  • Edited 8:04am Nov 22, 2014 7:40am | Edited 8:04am
Quoting PhAnTi'
{quote} Thats why you arent rich so far and still hanging around in a spammy forum on a saturday?... Right...
You don't know whether I am rich or not so let's not speculate.
I like to come here, if I do it on a Saturday it may be for a reason.
P:S I am not saying I can predict the market 100% of the time, only that market turns 100% from Fib numbers.
We watch the charts from every angle so you don't have to!!
  • #938,100
  • Nov 22, 2014 8:19am Nov 22, 2014 8:19am
Quoting pedro319
{quote} Fibs work 100 % of the time, the market is all Fibonacci numbers driven with no exception, putting them together is not easy at all but that comes with experience. The reality is that the numbers are there over and over again, if traders see them is a different matter. I said this before and say again, I will prove what I am saying anytime to anyone, bring an example and will put the fibs for you. Pivots work a fair amount of the time and divergences as well, as for the other lagging indicators, I don't have much to say about...
so... what happened here? i'm just curious.
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