Almost everyone is lying. Because there's no such...

[padutrader]

And you, sir, are the biggest fraud on this entire website, not surpassed by even semi-frauds on this site who passed away some time ago.

and what have have i frauded? money? or what?

 

[schweiz]

During my work on trying to find patterns and etc. I have tried many things like:

1. Fourier transformation
2. Standard deviation of movements, momentums, prices
3. Discrete, semi-discrete, high-probability patterns
4. Candlestick patterns (this one was the easiest one. Failed at the first and 100th try)
5. Price action patterns
6. Volume patterns
7. Orderbook patterns
8. Overbought / Oversold (there's no such thing)
9. Slope prediction
10. All other predictions
and etc...

The aim is not to try a lot but to try what has potential. You have to search where the solution for the problem can be found. But the problem is that, only after you found it, you know where you have/had to look.
What you did is just the opposite of what you should do: you should think out of the box.

What you did is try what for decades millions have tried before without any result: Systems/indicators that you find for free all over the internet. So in the box.
MACD, RSI, MA, STOCHASTICS, VOLUME, BOLLINGER... have been tested already millions of times, and every day other people do the same. Most without any good result. Instead of testing old things, one should test new things. But most people have no clue what else they still can test.

I know a pharmaceutical company that has a database of any combination if chemicals that has been tested before in that company. If researchers want to do new tests they first have to check if what they want to do was not done before already.

 

[padutrader]

If researchers want to do new tests they first have to check if what they want to do was not done before already.

good point

doing what others have done and expecting different results is insanity

 

[padutrader]

You have to search where the solution for the problem can be found.

the solution is always obvious....... but people do not like the solution

 

[carrer]

Dear trader friends,

Maybe it's my english but i didn't want to discourage you or upset or disappointed. Please choose the best one you can select.

As a data scientist, i know what's discrete and stochastic. I know what affects what and there are probabilities.

During my work on trying to find patterns and etc. I have tried many things like:

1. Fourier transformation
2. Standard deviation of movements, momentums, prices
3. Discrete, semi-discrete, high-probability patterns
4. Candlestick patterns (this one was the easiest one. Failed at the first and 100th try)
5. Price action patterns
6. Volume patterns
7. Orderbook patterns
8. Overbought / Oversold (there's no such thing)
9. Slope prediction
10. All other predictions
and etc...

Do you know most of them failed somewhere 50% in the longterm. For example, they made money in 2017 and lost in 2018.

Tell me this:
You see a strong support or resistance. How can you tell if a support is strong or not? Easy answer would be: If tested more than 2 times or more, it's strong.

So do you mean it's going to bounce at the 4th time? No! We can say it was strong in the past. We can see after everything is happened. When you go long from a support and it breaks out, what are you going to do? You will reverse the position and go short. What if it was a bear trap? Again, you will reverse. And there's no high probability that it's going back down.

You can not trade supports and resistance. They are there and we know that. But you can not trade them comfortable. You can not realise if they are strong or not until they show us which is too late.

Let's say you find a trading channel. Ascending and descending. You will never know if a breakout is coming or not. Maybe you can scalp some but that's it.

Ok let's forget everything and show me a study that proves trading is a profitable system. One i have found is double momentum and the win-rate is somewhere 52%. But again I'm talking about 1:1 RRR. Show me a study that wins more than 50% in long-term which is above 60%??? There are tons of that btw. Deep learning, machine learning and etc. Just show me one!

PS: I love June....

Forget about research papers, journals, etc. Nobody in their right mind will give away their edges for free by writing a research paper (which will cease to work as more people using it). They are better off use their findings to make millions for themselves.

In research papers, you can opt out findings that are not supporting your hypothesis and include in findings that are supporting your hypothesis. They are human after all, ego (to be proven right) over ethics/objectivity.

From my experience, you are looking at the wrong places. There's no edge in the places that you have listed, at least for major Forex currencies.

 

[themickey]

.....I have seen and as i see that you don't have a stoploss or target, i ignored your strategy. I am talking about using SL and TP. Not quick scalps.....

A stoploss and or profit target is not mandatory.
I use neither on a longer term discretionary system, however there is no way to backtest my system.
Like a rally car racing thru forest roads, bend and bumps come along unexpectantly, but that's no reason to put on the brakes and come to a stop.
Exit if you smell danger (that comes from experience) otherwise let profits run.
Stoploss happens at a time later, not at the beginning of an unknown journey.

 

[nooby_mcnoob]

There's a reason why scientists, economists, academics, researchers, lecturers and PHDs are not rich and couldn't make money from the market. They usually think they are smart, but they are actually not.

IYIs... Dalio also refers to these in a different way.

 

[volpri]

Trading = Video Games
Video Games cannot be taught
Therefore trading cannot be taught

Or

Video Games =Trading
Trading cannot be taught
Therefore video games cannot be taught

Utter nonsense.

ROFLMAO

 

[nooby_mcnoob]

Hitting the blue button now but... OP: take a break. Relax. Hire a hooker or two.

 

[volpri]

The entire point of the thread is on mechanics. The premise that some sales people claim they can "teach" someone, regardless of mental capacity, how to be profitable is absurd. This fact and the false promise of seemingly "easy money" that lures gullible people of low intellect is what produces the low percentage of profitable traders. Anyone who attaches more complexity to this picture is reading tea leaves. Trading is not hard nor difficult to any astute student of high mental capacity, with an understanding there there is no perfection in outcome, and the ability to admit being wrong at times. Trading is about the ability to price the market at fair value and place trades in times of inefficient pricing. There is nothing complex nor difficult in that at all. What is difficult is the mental disconnect from feelings and emotions and that is almost impossible to teach. One has it or not. I guess it comes down to the old quest of whether trading can be taught or not. I claim it cannot.

I can only repeat, something should only be literally taken from someone who has the ability to word it correctly and when language is a major barrier then such assumption is wrong. Feel free to take him literally and bark up the tree if it makes you feel better. I think that you bark up the wrong tree.

If trading cannot be taught then why the sam hell are you on a trading forum? Trolling? Learning? Saving the gullible? Entertainment?