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Forex Dream Chasers - The 90% rule of randomness

  • #41
  • Jun 14, 2015 6:12pm Jun 14, 2015 6:12pm
My perception is that Gobigfx is willing to share another point of view. Or his experience, at least. I don't know why many people hurry up to reject it. He is just starting... Frankly, I'm eager to listen to any new view in this world and don't feel threatened.
So, please Gobigfx, go on.
  • #42
  • Jun 14, 2015 6:15pm Jun 14, 2015 6:15pm
" on the contrary, about 80-90% of the worldwide forex market, these days, is speculative."

Not true. Most banks no longer have prop trading desks due to the current regulatory environment. Banks make money by charging commisions to their corporate clients who need to exchange currencies.

"For me nothing in this world is random "

Then you don't understand how the world works. Almost all natural processes are random as are most human activities.

"There is NOTHING random about trends!"








Trends don't exist, only RANDOM up or down runs.

Soprano - just showing 8 profitable trades proves nothing.

Gobigfx - thank you for telling the truth. Sadly most people here at FF will reject it, and some will even get angry because you're challenging their most cherished fantasy. People don't like having their delusions challenged whether it's Santa, the Tooth Fairy, Jesus, or the TREND that's going to make them rich.
All of these people will blow up their accounts, switch brokers try again.
  • #43
  • Jun 14, 2015 6:16pm Jun 14, 2015 6:16pm
Quoting Gobigfx
Well I knew this thread would bring out the Dreamers and "Experts" by the boat loads and its funny to watch people talk for me to defend their own beliefs. Whenever you challenge peoples understanding or perceptions of reality it usually results in mass hysteria. The point of this thread is that I will demonstrate for you the true randomness of price that's easy enough to do but if you stop looking at the random and start to focus on the times that matter the most you will start to see the reality of market movements. Before I do that though...

Your all staring at all that random noise and your all trying to make sense of the wrong information.

I certainly agree with you about the randomness of the market but that is not why I'm responding to your thread.I see you are from Brazil and probably English is not your first language so I'm going to give you a small but free English lesson.Your use of the word "your",in the above sentence you used at the end of your opening post, is incorrect.What your should have used was "you're" which is an abbreviated version of "you are",this is a very common mistake."Your" and "You're" do not have the same meaning.Cheers.
  • #44
  • Jun 14, 2015 6:21pm Jun 14, 2015 6:21pm
this profit not a random...its continue with trend...iam not a gambler but a trader...random just for gambler
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"Trap The RED News"
  • #45
  • Jun 14, 2015 6:26pm Jun 14, 2015 6:26pm
He Lurks....
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I'm going to unsubscribe from this thread, I feel as if I'm losing knowledge just being here. If he was a legitimately successful trader/decent person he would clarify what I proved with a screenshot in post #12 and #8 IF I was wrong. Good luck to anyone that straggles behind this man has no logic and contradicts himself, if you're looking for knowledge look elsewhere.
A Positive Mind, and Positive Spirit lead to True Happiness
  • #46
  • Jun 14, 2015 6:27pm Jun 14, 2015 6:27pm
GobigFX,

I suggest you go to myfxbook and look at their autotrade service. There you will see many accounts that have traded successfully for many many years. You will also see that many can make it in trading. Even us little guys.

Here's one example...

http://www.myfxbook.com/members/auto...strend/1201302
  • #47
  • Jun 14, 2015 6:38pm Jun 14, 2015 6:38pm
Attached Image
  • #48
  • Jun 14, 2015 6:39pm Jun 14, 2015 6:39pm
Quoting reizamv
this profit not a random...its continue with trend...iam not a gambler but a trader...random just for gambler {image}
Im sorry to burst your bubble here.

That's not trading.

342.8% up in a month and only 86.6% up in the year is a gamblers mentality.
  • #49
  • Jun 14, 2015 6:46pm Jun 14, 2015 6:46pm
Quoting lasty
{quote} Im sorry to burst your bubble here. That's not trading. 342.8% up in a month and only 86.6% up in the year is a gamblers mentality.
completely agree!
  • #50
  • Jun 14, 2015 7:11pm Jun 14, 2015 7:11pm
Quoting Rparm
{quote} Hi, Gobigfx interesting thread you started here a few questions for you regarding your post: "Your all staring at all that random noise and your all trying to make sense of the wrong information." "for example Mercedes Benz gave the firm an order for 100 million Euros to hedge the current price vs where they think it will be in 30 days when they deliver their cars to America" <- the following statement you made shows that Institutional traders will think/try and predict where price will be heading (speculate)... you then go on to contradict...
Institutional Traders get paid by staying within the volume weighted average price do you understand what that means ?

I dont think you do so let me explain it to you.

When we are given a forward order from Mercedes Benz it basically states that over the course of a time period typically one or two days we will fill your order with no guarantee other then our best efforts. We do however get paid bonuses for doing our best efforts. Those best efforts are anything better then the average price during the time of the order and size of the order. So we dont really care about price per se. We care about not pushing the market too far away from the average price its trading at or what we call BECOMING the market.

If we hit the market with too big size too fast we will simply stop the order if we BECOME the market, Our job is to fill the order as slowly and as stelathfully as we can in the random noise and not move the market.

When fundamental new data hits the market we have no choice sometimes but to hit the market hard to fill before the market is too far away from average prices.

Cheers
  • #51
  • Jun 14, 2015 7:12pm Jun 14, 2015 7:12pm
Quoting lasty
{quote} Im sorry to burst your bubble here. That's not trading. 342.8% up in a month and only 86.6% up in the year is a gamblers mentality.
to get 300% need more than gambler....because gamblers always lose...if iam profit 300% is gambler how about you to follow the randomness and not making any profit
"Trap The RED News"
  • #52
  • Jun 14, 2015 7:14pm Jun 14, 2015 7:14pm
Quoting Cubbybgood
GobigFX, I suggest you go to myfxbook and look at their autotrade service. There you will see many accounts that have traded successfully for many many years. You will also see that many can make it in trading. Even us little guys. Here's one example... http://www.myfxbook.com/members/auto...strend/1201302
Thats 3 years and yes I do agree 1% of you will become that good. however if you want to learn how to be that 1% it will be good for you to listen to me.
  • #53
  • Jun 14, 2015 7:16pm Jun 14, 2015 7:16pm
Quoting SuperBlue
{image}
"You may say I am a dreamer but I am not the only one who makes money from Forex."...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #54
  • Jun 14, 2015 7:32pm Jun 14, 2015 7:32pm
Quoting reizamv
{quote} to get 300% need more than gambler....because gamblers always lose...if iam profit 300% is gambler how about you to follow the randomness and not making any profit
Gamblers sometimes have luck
  • #55
  • Jun 14, 2015 7:33pm Jun 14, 2015 7:33pm
I find peace in knowing that Risk is controllable.
A trader can be their own worst enemy. Sometimes on the right side of the trade, yet still margin call due to being over-leveraged.
Patience like a Cheetah - awaiting the exact right moment.
  • #56
  • Jun 14, 2015 7:34pm Jun 14, 2015 7:34pm
Quoting lasty
{quote} Gamblers sometimes have luck
I wish have uncle gobber lucky coin
we don't predict, we only ride
  • #57
  • Edited 7:58pm Jun 14, 2015 7:40pm | Edited 7:58pm
Quoting Gobigfx
{quote} Institutional Traders get paid by staying within the volume weighted average price do you understand what that means ? I dont think you do so let me explain it to you. When we are given a forward order from Mercedes Benz it basically states that over the course of a time period typically one or two days we will fill your order with no guarantee other then our best efforts. We do however get paid bonuses for doing our best efforts. Those best efforts are anything better then the average price during the time of the order and size of the order....
Thanks for the reply,

Did you bother to provide evidence of the statement "Most of the time... being 90% of the time ... price movement is random."? Once again I ask where did you get this value from?

All of my posts have one obvious topic that you either blatantly ignore or simply don't understand due to lack of logic as you've proven several times now.
The Topic In simple Terms: You Contradict yourself You say speculation is hopeless yet you yourself are a speculative trader
I've stated the above underlined "Topic" a few times now something you have not addressed.

I've even reposted the Screenshot just for you.

Attached Image (click to enlarge)
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Post #12 if you even bothered to look at it was clearly showing your past post in which you clearly speculated the direction of a pair? LOL? Post #12 also shows that you are contradicting in your statements "Speculation is Hopeless" when in reality you yourself are a speculative trader??? As Proven via screenshot. So please enlighten these traders on how you intend to show that speculation is useless that's why you do it?

Ps. don't quote me, your response shows your level of intelligence, as I stated in an earlier post I don't want to be involved in this discussion. You are a Speculative Trader that says Speculation is Hopeless, who also states information such as "Most of the time... being 90% of the time ... price movement is random." with no research to back it

Keep Contradicting yourself I just feel sorry for the Fools that will be parted of their money in due time listening to the likes of you.

Congrats, you are the 1st person to have made it to my ignore list due to lack of transparency (no proof of profitability), contradicting statements, lack of research backing up your "90%" that you pulled out of your wahzoo, and lack of logic. bye.
A Positive Mind, and Positive Spirit lead to True Happiness
  • #58
  • Jun 14, 2015 7:48pm Jun 14, 2015 7:48pm
Quoting Gobigfx
Monday Trading There was strong evidence on Friday that out of balance non random activity will be flowing into Monday on the GBPUSD and the AUSUSD to the Long Side on both of these pairs. What does this mean ? Well it means that unless some Fundamental Data comes out tomorrow that you can look for levels to hold and new buying to come into these pairs. Obviously you don't want to just BUY blindly and you need to see some evidence that on Monday the unbalanced buyers will return but the likelyhood is better then Random. If I see any trades during...
You definitely know what you are talking about! Good posts,

Although even if market was random, can create a model based on that random data?
All posts are my personal opinion
  • #59
  • Jun 14, 2015 7:53pm Jun 14, 2015 7:53pm
Quoting reizamv
this profit not a random...its continue with trend...iam not a gambler but a trader...random just for gambler {image}
yeah sorry man, this account is doomed, can alreadytell you using some kind of grid/martingale because you are DOWN pips overall. no way unless you average in bigger than initial entry price.
All posts are my personal opinion
  • #60
  • Jun 14, 2015 8:00pm Jun 14, 2015 8:00pm
Quoting lasty
{quote} Gamblers sometimes have luck
yeah and make a profit not just a comment..
"Trap The RED News"
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