hmm.no edges in the markets

Quote from tobbe:

Yet you promote your friend Alla Peters who see "unique price patterns in price waves" and charges a newbie $6700+ to learn how to do that?

You are an affiliate, what is your cut if they sign up for her mentoring through your site?

She is one of dozens that ended up on my promotional sites. No one ever signed up, so I don't remember the compensation plan--- probably 50% or so---- Not to mention I support my friends regardless of their political or trading beliefs.
 
Quote from trendo:

Fun? That sounds a little sadistic.

I worked inside the beltway at several locations; I usually worked the same turf.

People used to leave wooden dutch shoes on my desk to add to my collection.

Think of it as fire fighting.

ET has the best collection of self sabotage I have every seen. reviewing and debriefing on the latest does become a little humorous.

MS asks to observe somtething he cannot see. his asks his applicants to submit their personal connecting info and then he says he wants to observe panes with account #'s on them.

MS proves no one is going to work with him underany circumstances.

Then super quant supported logician that he is; he issues a white paper of three paragraphs explaining what I do doesn't work. Dave is an aritcle writer for a haywired non entity. As he does so he stand four square on all of his self sabotage.

So advertizers continue to support this construct. I mean, can they be so twisted that they want to make a buck any way they can? Yes of course.

You see me as sadistic. Very cool.

ET is a very funny place.
 
Quote from tobbe:

Wrong... in those types of accounts you are entitled to the fees you have agreed upon with your client (through a POA for example). Most likely performance based, you only get paid for new equity highs.

LOL! ever hear of a management fee, Skipper? they are standard in most agreements. Mgt fees are payable regardless of performance.

surf
 
Quote from marketsurfer:

Money flows determine price, not traders behavior overall. 1000 angry bearish retail traders all shorting at the same time, can't change the direction of an instrument if one bullish hedge fund manager decides to go all into a stock ( generic) with $100's of million. He who has the cash makes the price, not the behvior of the masses--- remember, this is just an example showing how its capital not sentiment of the masses that drives price. this is myth #2 of technical analysis.

The chart and the book are very different. The book shows transactions before they happen, the chart only shows completed transactions. Learning the book is effective because you can anticipate where price is going, chart reading only shows the past and you all know deep inside how difficult and futile charts really are. book reading makes sense because its using data that makes price, chart reading makes no sense because price has already formed prior to being printed . TA myth #3 destroyed.

Anyone truly serious about this business, trade at a prop firm that teaches real edges to learn-- pay no mind to those who claim consistent profits from looking at the transitions of price charts-- although, they may be able to "do it" via some mystical intuitive ability-- I have never seen it-- whereas a prop firm the only profits when you profit teaches real working edges that you can employ immediately-- good luck!

thank you,

surf

this is a beautiful post.

It has more myths per square vowel than I thought possible to jell into myth compounding.

Actually I think Larry Harris addressed each myth expounded here. Whew! such a stink!!
 
The chart and the book are very different. The book shows transactions before they happen, the chart only shows completed transactions. Learning the book is effective because you can anticipate where price is going, chart reading only shows the past and you all know deep inside how difficult and futile charts really are.

Yea because not a single trillion bazzillion dollar trader is looking at the charts before he enters the book for a suitable entry position, they only use price drivers which are on their phones, modern hedge/funds dont even have monitors.
 
Quote from marketsurfer:





Anyone truly serious about this business, trade at a prop firm that teaches real edges to learn-- pay no mind to those who claim consistent profits from looking at the transitions of price charts-- although, they may be able to "do it" via some mystical intuitive ability-- I have never seen it-- whereas a prop firm the only profits when you profit teaches real working edges that you can employ immediately-- good luck!

surf [/B]

REALLY!! instant success for a prop firm with THEIR edge. What is that edge besides they make commissions and fees? Prop firms have the grail waiting for anyone to walk in the door. How cool is that?

Show me a prop firm that does NOT use charts. Fat chance there Bunky! :p

PS: The real grail to become a winner in a losers game is: "Learn what not to do instead of what to do" Once you learn what not to do, the rest is a cake walk if combined with TA.. :eek:
 
Quote from marketsurfer:

So I doubt anyone here who claims success would participate in a trade mirroring program. surf

I will, surf. Owe the good people at TST one completed 10-day program in here anyways, might as well do the $100k with CL alone since they don't offer TF as a listed product. If TF was an option, I'd be all over that long ago. But we'll work with what we have to work with and go from there.

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+62 cents today on the first of four (4) trade sequences that offered >50 cents each. Then I retired and kept what I caught. Should I...

A: quit while ahead in the combine?
B: keep trading more signals?
C: admit this TA stuff is all wild-ass guesswork, and study price drivers instead?

+212 cents CL thru the past nine sessions, warts and all, one more to go. 4-lots would be about the minimum 8,500 needed to perform... more contracts would be, well, more :cool:
 

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Good to hear, Austin. Win or lose, you have my respect. For all I know, you may be the only real trader posting on this thread. Good luck to you and please keep us posted!
 
Quote from HopelessTrader:

In my opinion there needs to be more.. Maybe if I get around to it.. I will add x amount of slope for y amount of time. then doji.. to see what that looks like. I do agree with the concept of doji.. I mean the "buyers drove price up.. then sellers took it down. .ended in indecision, so then waiting on confirmation. .but theres more to it for example.. what is the dollar doing. whats going on in the bond market.. what instrument am I trading

If you consider going to the next higher level of skilland knowledge in trading, I would recommend the following:

1. Reread the post that are just above revgarding the DOM sides sums.

2. look at how you phrase (from your mind think) statements on best Bid/BestOffer.

3. Determine 1 and 2 contadict.

to move forward mentally and skillfully, consider speaking from a "cause" and not from an "effect".

Your comment "Buyers drove price up" is no possible to use in writing logic or code. Price a dependent variable, is analyzed through the independent variable But tht is not on the table as of now. you have to take a few more steps to get to that level of intellectual concern..

To step out of the trap you have created, first consider the cause of rising price change. THe profound and basic cause is the minority's control that causes price to increase. It is like how a wing works to lift an airplane.

A vacuum of sellers is a surplus of buyers is what causes price to change.

as you see above in poats, the size of the two sume on the bid and ask side is being read improperly. Price moves in the direction of the minority sum. As the balance of equity shifts from equity to imbalance, traders who make money (via price change) keep on the correct side of the market.

When you code up market sentiment and apply it to a display indicator, it takes a lot weaving together of market contexts.

A lot of people think as you do and only make it to beginning intermediate in skill.

you may actually be looking at a display where the platform designer did the sentiment expression and put it on your platform as a highlight indicator. I'll bet it is your bar color indicator that is still screwed up.

the majority does not control the market. Learn this at some point. All of your colleagues agree with you too. this means you are conversing in a mythical place.

MS is also so afflicted but worse.

You have my empathy.
 
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