Forex Dream Chasers - The 90% rule of randomness

For heaven's sake, leave the man alone and let him speak.

The title thread is the problem. If you drop the "Forex Dream Chasers" then maybe we could have a civilised debate.

You can put a positive spin on the title if you are consistently successful trading forex, however if you have no idea what you are doing
then you are the marketeers dream and you will spend a fortune to learn and still be nowhere near to your dream.

There is no harm in dreaming about success, as long as you have a plan in place to achieve this and you have the desire/discipline to see it through.

Having a closed mind can be a major problem to success.

Funny thread , thank you..

I'm listening...

gobigfx,

Are you using tick data as a proxy for volume? Also what ranges are you using considering your 30 minute charts.

VWAP is great for equities but a lack of centralised volume data should make it difficult for forex... unless you're going to tell me the interbank terminals collate it from different sources or just use plain tick data??? Share the knowledge lol.

If giving profitable trading some fancy entitlement gets you excited .
Then congratulations you have figured out the real 10 % non random part,you are above the rest of the crowd.
I give you this entitlement"You are above the other traders,who trade PA,indies,hell even do tantric rituals to figure which orders to place"
Are you satisfied now?
It is sickening how orderflow and other fancy lingo traders demean the normal PA traders as if they are on top of the world.
Great you guys have figured something what a layman could not,gee what an accomplishment.
But wait.
I can trade my account with profit without doing this complex analysis by following simple supply and demand.
Read the Price is Everything thread,there is randomness backed by solid proof,
Profit every coming day.
So you can sit on your desk printing millions with your secret,but you just complicated the whole process.
You track multiple orderflow reasons,for your trades.
We just draw an S/R line trade of it.we get one stop loss then we reverse our trade.
We are also there in same trend you are?
But hey you know more then us.
But i thought this was about making money wasn't it.

Bottomline
making money is what matters.

Curiosity on deep seated subjects of why ,when price moves,what is reality behind the movement,is human nature,people try to figure everything
out,they want to know the why,when how.
Scientist sitting on earth trying to figure out the beginnings of the universe,thats height of curiosity,but that is a whole different subject.
Carry on with your "gibberish" or "golden words" for that matter,but just for the sake of newbies flying to this thread like moth to the flame don't abandon them midway,maybe you will destroy 10-20 trading careers,they will search the wrong things,and do the wrong research.
All because you had to leave for unknown reasons,3 years or 4 years later they will give up trading or come back to simple supply and demand.

Before the readers continue this thread ask the thread starter will he complete your education on this "manhatten project" he has started,otherwise stay away.
Without basic rules of trading.
Entry
Exit
Reason, this thread will be just another doom cave with dead ends for readers.
It's all cool how ,he may prove that market is random.
But you guys need dollars in your pocket not worthless wisdom.

So we trade randomness,but hey i think that doesn't matter.

I don't speak for everyone but "tis money that make the man"
End of rant
Take care

delete accidental repost

well, coming here new, I do have a few observations.

First one, the OP is a bit of a tool. Why? Coming out with the statements 'I know much much much more than you' equates to 'the person who shouts the loudest usually has the least to say'.

Also trying to gauge the level of intellect of people by proposing a theory without any proof, without any evidence, without any substance... Hmm, i think the one who have the intellect are the ones who oppose it and demand some proof and objectivity, not the ones who jump on the band wagon and trying to steal the emperors new clothes...

I still have no idea what the OP's point is, because you do not need to be intelligent to make money in Forex, analytical maybe, but certainly not intelligent. In actual fact, I think he is stirring up some sort of cult of randomness. It all fits with the no proof, no evidence and no substance point.

On top of that, shouting about wanting people on the board who challenge him to be outed by the people who follow him... Quite frankly if you can not substantiate your claims, by whatever means (and no, saying you know more, saying you earn lots, and spouting rubbish and being secretive is not substantiating at all) you should expect the criticisms.

However, on the actual topic if the markets were truly random, then patterns should not be profitable in the long run. There are cases where in this 'random' market' patterns emerge over and over and over and over again, and are profitable 80% of the time or probably more. Why? Because chaos theory predicts that that is the case.

Out of chaos comes order. And that is the truth about the market, and that is why for an one random piece of a chart, there are a thousand ways to a) trade it, and b) be profitable with it.

The 'dreamer' status of this post.... nope. There are plenty of successful traders on this forum, and if the 'randomness' can be exploited, in whatever way, to ignore this and have some unfounded belief that your way is the best, is showing your intellect being deficient. I know plenty more than you, and you know plenty more than me.

What i DO know, is having been mentored for 6 months by an institutional trader, who earns 7 figures every year on TRADING, not order filling, when it comes to retail, his methods did not suit me, although his knowledge helped me to profit from the market to the tune of 80% profitable trades. Why would I even consider listening to someone who has no verifiable knowledge, no proof, no substance to what they say???

That is the real problem with the OP. He comes guns blazing with the attitude that he knows best.

I will share a bit of my knowledge with you OP, miscommunication is 90% the fault of the speaker, not the listener... (I can come up with arbitary numbers to by the way).

What i DO know, is having been mentored for 6 months by an institutional trader, who earns 7 figures every year on TRADING, not order filling, when it comes to retail, his methods did not suit me, although his knowledge helped me to profit from the market to the tune of 80% profitable trades. Why would I even consider listening to someone who has no verifiable knowledge, no proof, no substance to what they say???

easy to say (as you say) were is the proof?

Well, my myfxbook is open to everyone, however, so the proof is there.... i am not trying to sell an idea (whether for profit or ego...) so i actually don't have to substantiate my claims in any case.

If i want to procalim myself to be better than anybody else here, then fine, i would want to back it up... fact is though, is that it is the OP claiming this with nothing to back up. That is the issue i have, and he has the gall to question anyone's intellect for not automatically believing him - whether he is right or not!

May I have the link to your myfxbook. Would like to have a look.

Dude you dont have a clue, and you DO have issues.....

It's groundhog day !

It's a shame this post declined to battle of personalities as the OP has some very useful information.

Commercial bank services such as currency overlay for funds and forward hedging for corps are massive in this market, that is not up for debate, just look at the volumes transacted. It's an illusion if you think retail traders dominate the market, retail traders are plankton, you move nothing. Large speculators (funds) might be able to move the market but fx speculation by this category is generally done via the futures/options market place... and for obvious reasons but again this is a small fraction of total fx market volume.

The fx market is analogous to a huge ocean, packed with countless inhabitants all perusing their own subjective goals across different timezones and different locations and then we come along looking at it from above, seeing only the surface. We have the most deceiving view of all because from the outside looking in, it all looks the same, ups and downs, almost predictable, but the reality is that what's really going on underneath is too much for us to comprehend. Do you really think you know what goes on beneath the surface where you sit?

Once you realise your place in the food chain and appreciate how unpredictable an environment the market is, you stop predicting and start following, or at least I did

Yup I agree... as someone here once said "retail forex P/L is nothing more than a rounding error on the banks daily numbers" or something to that effect.

come on back OP and finish what you started - some of use are listening!

Guys I make millions of dollars a year from trading. I'm not really interested in Forex Factory as there is no advantage to spending my time on here that being said I do know that for those of you that have listened with an open mind you will find your way through the chaos and randomness to the massive wealth that awaits you.

I don't know what else I can do in here that will help you guys ?

Why don't you make some suggestions as to what you would like me to show you.

I think its pretty simple though... Look for those times that the market MOVES and follow it because its in the Non Random Moves that you will find the highest probability of future of price.

This is all you really need to know to make your Forex Dreams come true and stop chasing all the other crap and more importantly stop listening to all these guys that are in here spending their time trying to be important and spewing a bunch of nonsense that Institutions don't pay any attention too.

good day Gobigfx, thanks to make it simple and straightforward, you should have done that in post#1 or probably never (had you know what kind of crappy place FF is). and yes, I have been doing what you are saying in your very last post. thank you for reinforcing this. I really appreciate your willingness to share, forget and forgive those who are not on the same page as you, and depart from FF as many successful profitable traders did and never return. wish you all the best.

If this institutional trader can achieve 80% win rate and earns 7 figures every year. Why not more? Has he hit the limit where he has big problems getting orders filled?

Everyone has a size limit. This game is not as scalable as people think even though theoretically it is. Have you ever tried increasing your volume as your equity curve heads north. A funny thing usually happens to that equity curve. Not funny actually.