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  • #561
  • Feb 26, 2018 8:13am Feb 26, 2018 8:13am
Technical analysis will never work, take any indicator cluster you want, curve fit it, get it to light up like July 4th when it aligns like a distant constellation, and boom you’re in. And then waddaya know? It’s time to close and go the other direction...

“look at that smooth turn, like a Winter Olympics downhill gold medal winner, carving out a perfect curve, wow this time next year Soros, I’m coming for you..oh, er, I’ve gone long, then short, then long, just like my indicator strat told me to do on a four hour chart and I’ve given back all my gains and I’m now down 10%, fukc, trying to time these exits and entries is a lot trickier than I thought. I know, I’ll have a look at the 2 hour. Ah ha, eureka! Sorted. It’s the two hour for me now baby..”

“oh er..I’ve gone long, then short, then long, just like my...

Quoting newbegger
{quote} I am happy to entertain you. But no TE for me as I don't know how. Quite pitiful of me really to be this technically inept as I was a computer programmer for over 35 years
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #562
  • Feb 26, 2018 8:26am Feb 26, 2018 8:26am
Quoting StopHunt
believe it or not i have not make any money for past 5years.. only after i found, the best simple EA that repeat the task ...then..money freedom..
The EA you found most likely is a Marty. It works well until the globalists decide what they are going to do for this year and next. Then you will find that currencies will go on a multiple monthly trend. That is when your EA will die, and you along with it unless you watch price bar by bar.
If you are good at something, never do it for free--Joker
  • #563
  • Feb 26, 2018 8:28am Feb 26, 2018 8:28am
Quoting Spreadbetter
Technical analysis will never work, take any indicator cluster you want, curve fit it, get it to light up like July 4th when it aligns like a distant constellation, and boom you’re in. And then waddaya know? It’s time to close and go the other direction... “look at that smooth turn, like a Winter Olympics downhill gold medal winner, carving out a perfect curve, wow this time next year Soros, I’m coming for you..oh, er, I’ve gone long, then short, then long, just like my indicator strat told me to do on a four hour chart and I’ve given back all my...
There it is! You just gave another mindset that keeps you from making money as a trader (spreadbetter)

Technical analysis will never work, or the inverse, Fundamental analysis will never work.

I will explore how by Spreadbetter's mindset, that there is only one way to trade, is a path to failure in trading. But no time now, ECB President Draghi Speaks in 10 minutes.
Ecclesiastes 1:9
  • #564
  • Feb 26, 2018 8:44am Feb 26, 2018 8:44am
You may may wish to purchase various publications from Charles Le Beau, I recommend this..

https://www.amazon.com/Technical-Tra.../dp/1556234686

Chuck tested all the various indicators, singularly and as a group, some years back and came to the conclusion that none work. Now then, I’ve modelled them all, with facilities infinitely better than Chuck had available and I’ve come to the same conclusion. Bear in mind that all of these indicators were created before the birth of internet trading.

As for me not “making money from trading” you are making a critical schoolboy error there, you’re assuming because I don’t trade retail and don’t indulge in the manic depressive behaviour so evident on the majority of these threads, that I’m not a successful money manager. But wtf, if you need that belief to elevate your own ego then who am I to interfere. Carry on with your occupational therapy.

Quoting newbegger
{quote} There it is! You just gave another mindset that keeps you from making money as a trader (spreadbetter) Technical analysis will never work, or the inverse, Fundamental analysis will never work. I will explore how by Spreadbetter's mindset, that there is only one way to trade, is a path to failure in trading. But no time now, ECB President Draghi Speaks in 10 minutes.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #565
  • Feb 26, 2018 8:58am Feb 26, 2018 8:58am
Quoting Spreadbetter
You may may wish to purchase various publications from Charles Le Beau, I recommend this.. https://www.amazon.com/Technical-Tra.../dp/1556234686 Chuck tested all the various indicators, singularly and as a group, some years back and came to the conclusion that none work. Now then, I’ve modelled them all, with facilities infinitely better than Chuck had available and I’ve come to the same conclusion. Bear in mind that all of these indicators were created before the birth of internet trading. As for me not “making...
In the Internet, anyone can be successful money manager. You have not shown yourself to be one. Just wonder why the appeal to begging the claim? Worse, to demonstrate your insecurity, you resort to ad hominem attacks.
If you are good at something, never do it for free--Joker
  • #566
  • Feb 26, 2018 9:00am Feb 26, 2018 9:00am
Quoting Spreadbetter
You may may wish to purchase various publications from Charles Le Beau, I recommend this.. https://www.amazon.com/Technical-Tra.../dp/1556234686 Chuck tested all the various indicators, singularly and as a group, some years back and came to the conclusion that none work. Now then, I’ve modelled them all, with facilities infinitely better than Chuck had available and I’ve come to the same conclusion. Bear in mind that all of these indicators were created before the birth of internet trading. As for me not “making...

Hurry Up there are only three books left.

Singular Spectrum Analysis wont help or Jurik or Ehlers Rocket Science for traders. or wavelets the list is endless.
  • #567
  • Feb 26, 2018 9:10am Feb 26, 2018 9:10am
Actually Chuck’s book is pretty good, he’s the real deal, not as a trader (whatever that is, in the vivid, delusional imagination of retai FX punters). It’s well worth trying to buy on eBay, for the folk with penny accounts on here. But yep, there was a raft of folk who realised they could flog books rather than try to take cash out of the markets, Mark Douglas trading in the zone as an example; a bible for many, er, until you discover automation, even the shredder would puke up it’s nonsense. Then there’s the famous Jesse Livermore reminiscences book, which is absolutely fantastic, as a highly enjoyable tome of fiction.


Quoting kk100
{quote} Hurry Up there are only three books left. Singular Spectrum Analysis wont help or Jurik or Ehlers Rocket Science for traders. or wavelets the list is endless.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #568
  • Feb 26, 2018 9:31am Feb 26, 2018 9:31am
I'd really like to trade using this strategy, I've just never come across strategies with a higher than 65% profit, saying nothing about the 90% one...
  • #569
  • Feb 26, 2018 9:33am Feb 26, 2018 9:33am
Quoting Spreadbetter
Technical analysis will never work, take any indicator cluster you want, curve fit it, get it to light up like July 4th when it aligns like a distant constellation, and boom you’re in. And then waddaya know? It’s time to close and go the other direction... “look at that smooth turn, like a Winter Olympics downhill gold medal winner, carving out a perfect curve, wow this time next year Soros, I’m coming for you..oh, er, I’ve gone long, then short, then long, just like my indicator strat told me to do on a four hour chart and I’ve given back all my...
I don't work to argue with you, especially cause your posts at least for me are knowledgable, but saying TA doesn't work you must have some specific examples in your mind, TA is to some extend a good addition in overall trading scenario and how markets move, channels, trendlines, h&s, wedges etc, but the most imprtant thing is to understand HOW the market is moving and based on what you make your decissions, I have seen plenty of traders making big bucks using simple TA, or using moving averages etc, but what you can never know is what EXACTLY they see on the chart being in this business for many years. We all develop certain things individually, what works only for us, but you can see someone's trade idea and you are not aware the author is seeing many things that you don't see on a trading plan. I admit I have some MA's on my charts, after years of trading I put them back on my chart, because confluence of events is very powerful if you ask me. Somethimes it helps your mind making decissions easier. Of course your core knowlegde is what really makes you money, maybe I will remove some stuff over the years on my chart, cause what we see with naked eye, is developed over the years also.

You really think TA is useless?

...
  • #570
  • Feb 26, 2018 9:58am Feb 26, 2018 9:58am
All indicators are useless, moving averages and fib can work, but only on the basis of a self fulfilling prophecy, areas where institutional level traders may make decisions, or have orders in the market, at these levels. I don’t class price action as T.A. I don’t class pivot points as T.A.

On a daily basis it couldn’t be simpler, as an example; is EUR/USD bullish, is it bearish? Now trade it, then it’s all about your risk per trade. And that risk/money management absolutely underpins all your success.

With a 50-50 coin toss strategy you should see gains if you gain more on your wins, than you lose on your losses. If you’re searching for a Holy Grail as a retail trader there it is, a 50-50 chance, with a small edge. But you know what fukcs you guys up? You can’t take losses, you search for the 100% loss free system, you get emotionally, scarred and scared, then you run out of money, not that you had enough initially, which causes greed and FOMO to take over.


Quoting M3d
{quote} I don't work to argue with you, especially cause your posts at least for me are knowledgable, but saying TA doesn't work you must have some specific examples in your mind, TA is to some extend a good addition in overall trading scenario and how markets move, channels, trendlines, h&s, wedges etc, but the most imprtant thing is to understand HOW the market is moving and based on what you make your decissions, I have seen plenty of traders making big bucks using simple TA, or using moving averages etc, but what you can never know is what EXACTLY...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #571
  • Feb 26, 2018 10:08am Feb 26, 2018 10:08am
Quoting newbegger
I tried my best to clean up this thread to get it back on topic. Nothing personal to anyone's posts I disliked just don't want this thread to turn into a hockey game (fight). Back to my simple system to help new traders. If you look at this chart, ADX is flat but above 40 and tilting up a little with both +DI and -DI falling. A look at the OSMA MACD tells same story, the histogram is falling while the moving averages are rising. Next few days we should be range trading, buying lower BB touch, selling upper BB touch. I also have an area of interest...
Pretty good results for something that will never work. The 2 left prices were where I shorted (Upper BB and the channel touch) and price on the right was where I exited (the pinbar).

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 104 KB


Now waiting for next setup which I think will be buying EURUSD but not yet. I am watching Central Banker speeches and watching the congestion zones. Looks like the movers are going to set up with a weaker USD for the incoming Fed Chair Powell speech who is in-line with the rest for raising rates. Typically, the movers have such an enormous position to put on, they have to get the smaller fish to take the other side so they don't put up the price on themselves. At this point, only speculation so just watching.

Don't ever let someone else tell you what you can't do.
Ecclesiastes 1:9
  • #572
  • Feb 26, 2018 10:27am Feb 26, 2018 10:27am
so interesting to find out TA does not work, averages do not work etc etc etc. I better not keep doing what i am doing.... OH wait, I am making money for years now so in fact i will just ignore those that say 'things' do not work. I believe many 'things' work. It is about understanding WHAT those 'things' show you but i have found most 'traders' are looking for something to say sell now or buy now without them having to think about what the market is doing. So sad to think that way.
  • #573
  • Feb 26, 2018 10:28am Feb 26, 2018 10:28am
If you are following this template, look closely. The price did not touch the lower BB. You should not have taken a long here.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 104 KB
Ecclesiastes 1:9
  • #574
  • Feb 26, 2018 10:28am Feb 26, 2018 10:28am
Bravo, you da man, now whenever you get the bat signal again, you just go long and then go short, never ever hesitate, take the losses on the chin, keep it going for a year, let’s know how you get on.

Quoting newbegger
{quote} Pretty good results for something that will never work. The 2 left prices were where I shorted (Upper BB and the channel touch) and price on the right was where I exited (the pinbar). {image} Now waiting for next setup which I think will be buying EURUSD but not yet. I am watching Central Banker speeches and watching the congestion zones. Looks like the movers are going to set up with a weaker USD for the incoming Fed Chair Powell speech who is in-line with the rest for raising rates. Typically, the movers have such an enormous position...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #575
  • Feb 26, 2018 10:30am Feb 26, 2018 10:30am
Christ, it’s like a throwback to 1999, fools who still kid themselves and self delude that their T/A works. It’s be hysterically funny, if it wasn’t so tragic.

Quoting pipps
so interesting to find out TA does not work, averages do not work etc etc etc. I better not keep doing what i am doing.... OH wait, I am making money for years now so in fact i will just ignore those that say 'things' do not work. I believe many 'things' work. It is about understanding WHAT those 'things' show you but i have found most 'traders' are looking for something to say sell now or buy now without them having to think about what the market is doing. So sad to think that way.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #576
  • Edited 10:51am Feb 26, 2018 10:38am | Edited 10:51am
Quoting Spreadbetter
Christ, it’s like a throwback to 1999, fools who still kid themselves and self delude that their T/A works. It’s be hysterically funny, if it wasn’t so tragic. {quote}
I was thinking same.

I start selling EURCHF but not using bollinger. macd or adx lets see what happend. Even i dont like swiss pairs.
edit: this was stupid idiot post. except first line.
  • #577
  • Feb 26, 2018 10:40am Feb 26, 2018 10:40am
Quoting Spreadbetter
All indicators are useless, moving averages and fib can work, but only on the basis of a self fulfilling prophecy, areas where institutional level traders may make decisions, or have orders in the market, at these levels. I don’t class price action as T.A. I don’t class pivot points as T.A. On a daily basis it couldn’t be simpler, as an example; is EUR/USD bullish, is it bearish? Now trade it, then it’s all about your risk per trade. And that risk/money management absolutely underpins all your success. With a 50-50 coin toss strategy you should...
we on same page, problem is only having patient for those institutional level to be hit...
  • #578
  • Feb 26, 2018 10:41am Feb 26, 2018 10:41am
Quoting newbegger
If you are following this template, look closely. The price did not touch the lower BB. You should not have taken a long here. {image}
actually I went long at lows and I bet I wasnt alone in doing so, you really have very limited understanding of how and why price moves...
  • #579
  • Feb 26, 2018 10:45am Feb 26, 2018 10:45am
Quoting Spreadbetter
Christ, it’s like a throwback to 1999, fools who still kid themselves and self delude that their T/A works. It’s be hysterically funny, if it wasn’t so tragic. {quote}
Funny
  • #580
  • Feb 26, 2018 11:21am Feb 26, 2018 11:21am
Quoting M3d
{quote} actually I went long at lows and I bet I wasnt alone in doing so, you really have very limited understanding of how and why price moves...
Thanks for the complement. And the tip. Got shorty on your long call at 11;44 am and s/l now sitting a BE +10.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 73 KB


Fellow traders - I already tried to clock this trader, does not post too many trading calls but this is great example of why I don't ban people from threads. Every now and then, they will tip their hand.
Ecclesiastes 1:9
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