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  1. cornix

    Technical analysis :useless junk science

    Yup, we know it perfectly, that during European session ES follows European stocks, vice versa as US session kicks in etc. with most other markets following their correlations typical for global 24 hour trading of our times. Somehow Oil and FX Pro doesn't know that simple fact, maybe cause it's...
  2. cornix

    Technical analysis :useless junk science

    What profitable trader are you talking about? BTW, most liquid instruments are so correlated nowadays that trading them all is borderline useless.
  3. cornix

    Technical analysis :useless junk science

    OMG... 14 losses in a row... entries of that "decent" trader really suck... and we have one more brilliant idea here... martingale... you are nearly hopeless, brother Oily. :) Good trading method does not need martingale and bad trading method it won't save.
  4. cornix

    Technical analysis :useless junk science

    LOL... Either you have very short memory and got lost in your own lies or are blatantly trolling. You forgot how not long ago you admitted you are not even consistent? Now suddenly you've got sexy girls trading for you. :D
  5. cornix

    Technical analysis :useless junk science

    Correct, you don't have to know exactly what will happen to trade successfully. Knowing odds is enough. I consistently make ~100 pips a month, sorry not per week. But believe me, I don't lack clients wishing to have their money under my management. :) I can even teach you to trade...
  6. cornix

    Technical analysis :useless junk science

    Correction: self-delusion. :)
  7. cornix

    Technical analysis :useless junk science

    Ask atticus what this position is equal to if you don't trust me and are unable to calculate the net exposure of it yourself. But his answer will probably be much more rude. :D And please don't tell me the stories about how serious money does triangular arb plays. You have no way to replicate...
  8. cornix

    Technical analysis :useless junk science

    That's plain and simple BS, delusion. Whoever trades this way, enters outright directional trades (with or without stop-losses is irrelevant here) and uses basic timing (most likely TA based, I noticed you mentioned "major support" recently, ayayay :D ), just is in denial about it, probably...
  9. cornix

    Technical analysis :useless junk science

    LOL... Do you realize that buying EURUSD, selling GBPUSD and EURGBP in the same amount is simply no position, except that in this case you paid the spread 3 times to have in effect zero market exposure? :D
  10. cornix

    Technical analysis :useless junk science

    Brokers make the market, it is absolutely different game. You cannot make the forex market, that's why hedging for you is just a delusion used to deny the hard fact of cutting the loss. Get rid of it, you don't need that crap to trade successfully. 95% of traders fail because they don't...
  11. cornix

    Technical analysis :useless junk science

    Do you understand that there is no difference between "hedge" and a stop-loss, except that you pay the double spread using the "hedge"?
  12. cornix

    Technical analysis :useless junk science

    Oh dear... You simply don't understand your own positions, but keep arguing with others about what works and what doesn't. There is no such thing as a hedge. Forget it. 100% hedge = no position and doesn't make any sense aside from reaping the interest in the case of collar spread, period...
  13. cornix

    Technical analysis :useless junk science

    Truth is known already, we heard the infamous "grid trading" term... Those people don't even understand their true positioning in the market, they hide their losses and failure to accept them under the "hedging" and blind averaging down... what calls can we speak about in this case.
  14. cornix

    Technical analysis :useless junk science

    Well... we don't... there's 6E chart nearby with volume, VWAP etc. :p But I've seen people do it without volume, watching price action long enough can develop the feel good enough to more or less accurately estimate corresponding volume or significance of the move at least by the speed and...
  15. cornix

    Technical analysis :useless junk science

    Yea, our brother Oily is a genius. He takes great, fluid price action charts and concludes there are no working setups there, not even realizing that failure of one setup is the outstanding low risk setup by itself. :)
  16. cornix

    Technical analysis :useless junk science

    Yes, that's indeed not TA, that's BS. :D I patiently waited when you finally say that "grid trading"... Popular misconception which infected probably thousands of noobs on lame amateur forex forums. Now it's time to open your eyes, Oily, "hedging" is simple delusive rationalization in...
  17. cornix

    Technical analysis :useless junk science

    I see a great short TA setup here. Do you, brother Oily? :D
  18. cornix

    Technical analysis :useless junk science

    Hope you understand that the ONLY thing ANY EA can be based upon is TA, because ONLY data MT4 provides is PAST PRICES, period. If you stop deluding yourself and others talking about how "failure of TA" is not TA, then maybe, maybe you will give yourself a chance.
  19. cornix

    Surf's Special Situation Journal

    Completely. Fear and greed are completely gone, only what drives the markets nowadays is Price Drivers. :D
  20. cornix

    Technical analysis :useless junk science

    You seem to not even realize that any system, mechanical or not, which is based on price action is TA. And any EA is by definition based on price action, because forex market simply doesn't have any other data available, at least not on the MT4 platform. That's what Xspurt is trying to...
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