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  • #641
  • Mar 19, 2016 11:35am Mar 19, 2016 11:35am
Quoting Mingary
{quote} I am not defending retail traders, they are all greedy and stupid, I just love to punish the herd every chance I get.
Lol..
Memories caught in time but never forgotten
  • #642
  • Mar 19, 2016 11:36am Mar 19, 2016 11:36am
Quoting mrhigurashi
{quote} But you did make huge looses. You said yourself. Of course its looses. Everyone looses. I did not say i was making a living from trading forex. So get your facts straight. And its obvious that all you are here for is trolling. Don't need to tell anyone that. You enjoy riling up the heard as much as i like riling up grammar Nazis

Thank you. You just made my point.
This downward spiral is a thing of beauty.
I rest my case.
As you venture further into the world of forex always keep in mind: "The map is not the territory"
  • #643
  • Mar 19, 2016 11:52am Mar 19, 2016 11:52am
Quoting mrhigurashi
Once again as Mingray the douche cannot read; Fact: Of course no retail fore trader makes any money. Maybe the ones who make a few lucky wins and then run. But that's it. Not even large hedge funds or banks make long term money thus they are all giving up on Forex. I make a great living investing and have not had to work for someone for many years. But sorry kiddies, it wasn't forex that made me and continues to make me wealthy.


Actually I feel sorry for you and mingray, both talking a bs and don't have a clue about things.

enjoy your day.
  • #644
  • Mar 19, 2016 11:53am Mar 19, 2016 11:53am
Quoting mrhigurashi
{quote} You are a retail trader. So yes, "stupid" i would agree with that. Glad you understand that about yourself
Lol.. mrhigurashi.. Ming is playing a game with you.. you understand that ..right ? try not to take this place too serious...

Have a nice Weekend..
Memories caught in time but never forgotten
  • #645
  • Mar 19, 2016 11:56am Mar 19, 2016 11:56am
Quoting mrhigurashi
{quote} Its a sure bet your retarded
Not "your", the correct syntax is "you're"

as in "Your writing shows that you're solecistic"

Have a great weekend
  • #646
  • Mar 19, 2016 11:59am Mar 19, 2016 11:59am
Quoting Mingary
{quote} Not "your", the correct syntax is "you're" as in "Your writing shows that you're solecistic" Have a great weekend

The map is not the territory
  • #647
  • Mar 19, 2016 12:10pm Mar 19, 2016 12:10pm
Quoting mrhigurashi
{quote} bs does not need "a" before it.
What if I walked by some bull feces on the floor with a friend and I had the urge to point it out, that steaming pile of lovelyness on the floor, is indeed, 'a bs'.
  • #648
  • Edited 12:43pm Mar 19, 2016 12:12pm | Edited 12:43pm
So the question being debated is "do highly successful expert traders exist?"

Then let's get one step nearer to the crux of the matter. The question behind the question is "Is the Efficient Market Hypothesis theory true?". Here's why:

If the answer is yes, then it's mathematically impossible to profit systematically as a trader, as 'trends' and patterns are illusory in a completely random walk, hence all types of analysis are futile and all P/L is fortuitous, and -- given the effect of transaction costs -- EVERY trader who trades for long enough must eventually lose. There are plenty of academic papers endorsing EMH, and skeptics like Mingary can always cite them as evidence. These skeptics can always say that traders, investors, funds etc that have been profitable for 5 years, 10 years, even 20 years, are merely statistical outliers that exist in every random distribution. Or in other words, the empires of the Kovners and Tudor Joneses have ultimately been built on their being blessed with an inordinate amount of luck. However improbable this might seem, if EMH is a valid theory, then the skeptics' arguments are 100% bulletproof.

If the answer is no, then non-random price movement exists, and out of the millions who have attempted trading, there will inevitably be a few geniuses with the aptitude, nerve, dedication etc necessary to exploit it, and thus systematically compound large sums of money. Geniuses exist in every field of human endeavor, and there is no reason to believe that trading is an exception. If EMH is false, then trading millionaires -- who have attained their wealth through their persistent application of skill and expertise -- will inevitably exist. The same principle applies to retail forex.
  • #649
  • Mar 19, 2016 12:15pm Mar 19, 2016 12:15pm
Quoting GDR3k
{quote} What if I walked by some bull feces on the floor with a friend and I had the urge to point it out, that steaming pile of lovelyness is indeed 'a bs'
actually, hate to nit pick but it would properly be referred to as 'a b's s'. the term 'a bullshit' or 'a bs' does not make sense because there needs to be ownership implied towards the bull which is the owner nee/producer of said bullshit

'a bull's shit' or 'a bull's bullshit' or 'a b's bullshit' or 'a b's bs' are all proper examples where ownership is implied
  • #650
  • Mar 19, 2016 12:16pm Mar 19, 2016 12:16pm
wish i got this in before hanovers post, something meaningful, will read that now
  • #651
  • Mar 19, 2016 12:19pm Mar 19, 2016 12:19pm
Quoting grrbear
{quote} actually, hate to nit pick but it would properly be referred to as 'a b's s'. the term 'a bullshit' or 'a bs' does not make sense because there needs to be ownership implied towards the bull which is the owner nee/producer of said bullshit 'a bull's shit' or 'a bull's bullshit' or 'a b's bullshit' or 'a b's bs' are all proper examples where ownership is implied
Would that still apply if the bull was not owned by a living entity?
  • #652
  • Mar 19, 2016 12:26pm Mar 19, 2016 12:26pm
Quoting GDR3k
{quote} Would that still apply if the bull was not owned by a living entity?
Inserted Video

...
  • #653
  • Mar 19, 2016 12:36pm Mar 19, 2016 12:36pm
Quoting grrbear
{quote} https://www.youtube.com/watch?v=PkFyGNjaQ8k ...


Inserted Video
  • #654
  • Mar 19, 2016 1:02pm Mar 19, 2016 1:02pm
Here is "proof" for Mingary: http://www.forexfactory.com/showthre...02#post8104802
  • #655
  • Mar 19, 2016 1:40pm Mar 19, 2016 1:40pm
1. Don't listen to Mingary. He is just trying to bait people to show him a winning strategy.


2. The base chance of winning a trade are almost exactly 50/50. That's it. The random walk theory is complete garbage. look at some price action for 2 days and if you only see pure random noise you should get your head checked.
Price-Action Extremist
  • #656
  • Edited 2:42pm Mar 19, 2016 1:43pm | Edited 2:42pm
Market is a common-sense psychology collective of masses of people participating. It is predictable, as predictable is your old friend, given the time involved and right questions asked.

I wanted to make a journal, but constantly posting and annotating charts is very time-consuming, so im just too lazy for this. http://www.forexfactory.com/showthre...36#post8744636

GL HF kk?
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #657
  • Mar 19, 2016 1:48pm Mar 19, 2016 1:48pm
Quoting bagman
1. Don't listen to Mingary. He is just trying to bait people to show him a winning strategy. 2. The base chance of winning a trade are almost exactly 50/50. That's it. The random walk theory is complete garbage. look at some price action for 2 days and if you only see pure random noise you should get your head checked.
You know, there is a joke in Belarus

A blonde girl is asked what are the chances of her meeing a living dinasaur on the city's streets right now
-50/50 - she says
-Either i will meet it, or i will not.


Your point is so bloody on
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #658
  • Mar 19, 2016 1:54pm Mar 19, 2016 1:54pm
Thomas Edison said, "Ones greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time." And a fellow named Tom Krause said, "Courage is the discovery that you may not win, and trying when you know you can lose." We have all blown up accounts (I certainly have) but at the end of the day we hear that quiet voice "I will try again tomorrow."
  • #659
  • Mar 19, 2016 2:24pm Mar 19, 2016 2:24pm
Quoting fxstaton
I have no luck in forex. Initial period I get profit, and few months all profits and capital are gone. I think I am not suitable in forex and will quit all and back to work
After 9 years of a continuos forex disaster I quit trading 3 months ago. And sleeping well now !
  • #660
  • Mar 19, 2016 2:32pm Mar 19, 2016 2:32pm
Quoting bagman
1. Don't listen to Mingary. He is just trying to bait people to show him a winning strategy. 2. The base chance of winning a trade are almost exactly 50/50. That's it. The random walk theory is complete garbage. look at some price action for 2 days and if you only see pure random noise you should get your head checked.
I don't agree , provided your entry is correct and all the parameters are right, you are looking at 90%+
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