Holy grail, does exist, but here is why we don’t have it

I say that the aliens would quickly look the whole thing over and bust a gut with laughter. It's a major ponzi scheme that has sanctioning. They would probably recognize that we have little faith in many things and can quickly be made to panic or pull back.

Personally I believe some portion of the grail is possible, but it is always susceptible to the element of greed. And we all know where greed takes the mass. :)
 
Perhaps they were flying over a ranch in Texas? no?


the lead cow
ButcherSavant


Quote from canyonman00:

I say that the aliens would quickly look the whole thing over and bust a gut with laughter. It's a major ponzi scheme that has sanctioning. They would probably recognize that we have little faith in many things and can quickly be made to panic or pull back.

Personally I believe some portion of the grail is possible, but it is always susceptible to the element of greed. And we all know where greed takes the mass. :)
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Quote from cashmoney69:

If you put the worlds greatest minds in one room for 5 years, you might get something close.
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they tried that....it was called LTCM..............."when genius failed"

damn good read,too.
 
Since I have and trade the Holy Grail (no, I ain't gonna tell YOU slackers what it is), I'll say this:

The Holy Grail DOES exist.

Bozos will NEVER "find" it. Especially the bozos on ET.

I've written about it on ET but no one really cares - they'd rather look "macho" by losing their ***es.

Whatever.

Ths much I will tell you about the Holy Grail...

It never loses because it successfully negotiates drawdowns from start to finish (no, it doesn't leaving trades hanging "waiting for the price to return" like many morons have presumed), doesn't just freak and close a trade anytime the trade doesn't go in your favor.

It's structured in multiple trading systems converging. "Converging" being the key word.

It ALWAYS wins.

Parts of it can be seen being traded here and here in this ongoing trade (hint: It's why the balance goes UP to over $19,000, not down $19,000 - lmao).

Good luck (trying to find it, 'cause you never will ;-)),

DrawDown

PS: I have it for sale to anyone seriously interested... starting price is approximately equal to the GDP of a medium-size nation.
 
Having a Mensa I.Q. (133 or higher) is no guarantee of trading success. A great trader needs both intellectual intelligece and emotional intelligence. I personnaly think that emotional intelligence is far more important. A trader needs to develop a bullet-proof psyche if he is going to trade the position size needed to amass great wealth. Also, trading requires years and years and years to really master. It's no different than a great athelete, concert pianist, lawyer or doctor. Jesse Livermore used to write about experience and memory over and over. A chess Grand Master knows about 50,000 moves in his head. You just don't pick that up in a few months. You don't learn to play Bach's Goldberg Variations your first year. You don't learn to to have 90-95% market feel in a few months. It is virtually impossible. A trader needs to have all the "right stuff" to be truly successful, which is why perhaps 1% of traders earn a 7-figure income. It CAN be done, but few are willing to pay the price for a long enough time to succeed. A great part of success is knowing how long it takes to succeed. Too many go broke before their dues are paid.
 
Quote from Don Bright:


'
No matter how smart "they" are, the problem is that we mere mortals are too unpredictable.

You are correct, most of the time. A lot of unpredictability. But, every now and again, they are predictable. And that's all it takes.

A guy doesn't have to trade every day and doesn't have to trade every move. I saw a top in oil the Friday it DID top, but wouldn't have shorted there. A few weeks later, a perfect opportunity arose. On top of all of the supposedly bullish news, Prudhoe Bay shuts down a pipeline. Most expected a $5 minimum pop, quite a few a new high. I didn't doubt that could happen, but I watched as it DIDN'T. Somebody was selling that rally and selling it hard, and the specs and hedgers who were buying were just so long already they would be unable to support price. Next day, price trades sideways, then the day after. It tried to go higher several times, but was unable to. And all over television, analysts and interviewees were claiming oil was going to $100. But it wasn't moving! Sentiment so bullish and price ignoring it.

That has to be a sell, if not a short sell. But the specs were getting longer and longer.

Specs follow the trend, so it seemed a sure thing that IF price fell, they'd have to sell twice to get short. Who would be left to buy? And somebody was already selling enough to cap even the most bullish crowd. Ever since then has been the result.

Same thing happens when Iran comes to a head just a little while ago. Same predictable result.

But, that's all simple stuff. The hard part came from learning to trust my intuition. This is what will sound unbelievable (and the only reason I put this under the Holy Grail topic). Somehow, I've been able to "game" out next week's headlines. Not all the time, but far more than random. I seem to be able to figure out, sometimes, exactly what a particular market will focus on tomorrow and next week. Some of how this is done is explainable, some isn't. But, I'm coming to trust it anyhow. Price is always the true guide. When price and intuition agree, it's just almost never wrong. I have heard of others being able to do this, some pretty big names on Wall Street. Spooky is how they were described. I've no illusions of being in their league, I've so much to learn in order to get to that level. Knowing that someone can do it, and having some evidence myself, is all that is needed to pursue it despite it's "unrealistic" or "impossible" nature.

Truly not expecting most guys to believe this. Just saying.
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On top of the above, I can actually see the structure of market. A few have likened it to the beginning of "A beautifull mind" when Nash is correlating patterns in the reflections of light thru crystal to patterns in neckties and everything else.

Maybe my mind is somewhat the same. Because I can see the patterns happening, expanding, contracting. Price moves in perfect symmetry to it's past and it's future. Easily seen on a price chart, but most seem unable to see it throughout the timeframes, as it is happening, and projected out into the future.

Somebody told me I was giving away the secret to how I do this. Lol. This is probably not a learnable skill. As with intuition, if I figured anyone else was able to do it, I wouldn't be saying a word.
 
Wolfe,

I completely understand what you are stating.
The future is predicated upon the present and the past.

The markets are very technical these days. The reaction to the news is more important than the news itself.

There are perfect entry and exit points, not necessarily the highs and the lows, but when the market is ready to move.

It's all in the patterns. And, those that would refute that, are just scalpers skimming the cream off the top while others are drinking the entire cup.
 
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