hmm.no edges in the markets

[tiddlywinks]

Quote from Josef K:

And you have no grounds for making that statement and are simply spewing bullshit, as always.

+1

And lets look at some facts...
1) THE prescribed and "credentialed" measurement of trading success, TST, was/is used.
2) results are publicly posted regularly and frequently.
3) the results are positive, yet the trader continues to be debated and berated.

While the reasons are few why a trader would choose to do "the combine" in compliance with the requestor, that reason is not important. What is important is that the call for, the request, the demands, to do a combine, or make live calls, or share your screen is just a smoke screen to cover an ulterior motive and to perpetuate a psychological sickness.

Make a live call... prove you actually take it.
Post your account statement... it's photo-shopped.
Do the combine... you got lucky, you suck because of x.
Share the screen... didn't see it. Screen froze, looked away, connection lost, couldn't scroll, etc.

 

[marketsurfer]

Quote from Rodney King:

Uhhh, aren't you yourself a vendor of TA study materials, as discussed earlier in this thread? Am I missing something?

I think you are correct, Rod. In fact, I'll bet that every "price action" success story is perpetrated by those who are selling courses, books, methods or have a vested interest in someone who does. It's sickening to think of how many noobs have been led down the primrose path of charts and price reading. I'm happy to see at least a few pro traders fighting the good fight to keep this superstitious nonsense out of the markets.

 

[sheda]

Yea just enter at random!!! Dont use superstitious nonsense! Every one should have gone long at random on the YM at 8:am!!! With money and trade managment you still would have earned f"ck all all day!

 

[dev]

Quote from marketsurfer:

I think you are correct, Rod. In fact, I'll bet that every "price action" success story is perpetrated by those who are selling courses, books, methods or have a vested interest in someone who does. It's sickening to think of how many noobs have been led down the primrose path of charts and price reading. I'm happy to see at least a few pro traders fighting the good fight to keep this superstitious nonsense out of the markets.

The human ability to cling to something so deeply, is fascinating to watch in action.

I'm thankful for ignorant people.
The market needs them.

 

[marketsurfer]

Quote from sheda:

Yea just enter at random!!! Dont use superstitious nonsense! Every one should have gone long at random on the YM at 8:am!!! With money and trade managment you still would have earned f"ck all all day!

Seriously, why not? Pick a direction based on whether or not you think the day will be bullish or bearish based on the news, reports or whatever, even the markets been up 8 days in a row so on the 9th day I'll be bearish. Every 30 minutes during regular trading hours enter long--- sell after X points against you--- if it runs profitable, follow with a trailing stop locking in profits. Repeat every 30 minutes untill you get a winner. Then quit for day or keep trying. 100% money management. 0 TA.

I used very complex TA to determine my surf channels back pre 2003. Then I just randomly placed the Chanel lines-- shorting if the lower line broke, going long on the upper line break OR buying on the lower line if it held price etc. the success was identical between random channel and channels picked by TA.

 

[sheda]

Quote from marketsurfer:

Seriously, why not? Pick a direction based on whether or not you think the day will be bullish or bearish based on the news, reports or whatever, even the markets been up 8 days in a row so on the 9th day I'll be bearish. Every 30 minutes during regular trading hours enter long--- sell after X points against you--- if it runs profitable, follow with a trailing stop locking in profits. Repeat every 30 minutes untill you get a winner. Then quit for day or keep trying. 100% money management. 0 TA.

YM has been bullish & bearish today ~ the system you propose above but would never ever ever ever ever ever trade with a cent of your own capital depends upon luck and mass firing in search of a hit.


Some prefer precision.

 

[satchel]

Quote from tiddlywinks:
make live calls, or share your screen is just a smoke screen to cover an ulterior motive and to perpetuate a psychological sickness.

paranoia much? (exaggerated distrust of others)
Hey, been there but over it.
It's a complex world, you will grow out of it.

 

[marketsurfer]

Quote from sheda:

YM has been bullish & bearish today ~ the system you propose above but would never ever ever ever ever ever trade with a cent of your own capital depends upon luck and mass firing in search of a hit.


Some prefer precision.

I think it's the myth of precision.


I have traded the randomly placed channel system sucessfuly ---- just put 2 horizontal lines on any 5 minute bar chart -- go long if the upper line break, short on the lower. Use those lines as the initial stop levels. This works_ proving no need for TA to determine entry levels.

 

[galvinlee888]

Quote from marketsurfer:

Seriously, why not? Pick a direction based on whether or not you think the day will be bullish or bearish based on the news, reports or whatever, even the markets been up 8 days in a row so on the 9th day I'll be bearish. Every 30 minutes during regular trading hours enter long--- sell after X points against you--- if it runs profitable, follow with a trailing stop locking in profits. Repeat every 30 minutes untill you get a winner. Then quit for day or keep trying. 100% money management. 0 TA.

I used very complex TA to determine my surf channels back pre 2003. Then I just randomly placed the Chanel lines-- shorting if the lower line broke, going long on the upper line break OR buying on the lower line if it held price etc. the success was identical between random channel and channels picked by TA.

Surf , the strategy above will work if the market is trending. In side way market, you will get eat alive.

I agree the market is random. The S/R will only make the price stay there a bit longer, but eventually it will break out to higher/lower or make reverse, the million dollar question here is how you know the price will breakout or reverse ? I know NoDoji believe in reverse, the trand follow guy believe the breakout.

 

[NoDoji]

Quote from marketsurfer:

I think it's the myth of precision.


I have traded the randomly placed channel system sucessfuly ---- just put 2 horizontal lines on any 5 minute bar chart -- go long if the upper line break, short on the lower. Use those lines as the initial stop levels. This works_ proving no need for TA to determine entry levels.

When you say "this works", what outcome can one expect over a series of, say, 10 trades?

Myth of precision and price action fairy tales, hmmm...

Do you think it's possible for a trading method to produce ten consecutive winning trades where the hard stop loss on every trade is no greater than the average gain of the ten trades (equal R:R ratio, meaning it's not money management that's producing the positive result)?