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

Always, somebody tries this:

"so lets put your intuition to the test.

Tomorrow, Will the US stock market close lower or higher than todays close."

First, it doesn't work that way. I choose neither market or time. It happens when it happens.

Second, I'm not out to prove anything other than to myself. What sounds like an infomercial to ya'll is my way of meeting one or two out of a thousand who are working on similar angles.

This happens on every forum, some jaded somebody expecting me to start selling something. Lol. And several other unimaginative individuals who can only poke fun at what they are unable to understand. Funny, again, and not my problem.

I'm looking for those who understand this already. All the others, ya'll can think what you want.

There are stories of Cohen that resemble what I've been doing. The biggest bond trader on Wall Street does it. The biggest oil trader.

It doesn't suprise me that daytraders and other grinders don't get this. They prefer to crunch numbers in order to understand a people game. Lol. That's the easiest level of the game, numbers. The really big guys take it to another level.

Maybe grinders are grinders because they are unable to take it to the next level. Hmmm.

Lol.
 
Btw,

For those who favor practical application over theory and such,

I've been trading a $25k account since the middle of last Dec 05. 9 months, quite a few tops and bottoms in Indices, Silver, Copper, and Oil.

Currently, account is over $600k. Haven't bothered to measure the drawdowns yet, haven't really had any yet, other than in open profit.

Several poker buddies who watched me doing some pretty intuitive stuff at a poker table found out I followed the markets and put some money together. Some 8 months later, and we're all happy!

Should the account get to a million, I get a cut and head out on my own.

I posted a lot of the stuff I use on the SupportandResistance.com forum under the handle "Retired". A lot of it is "off the wall", but it works. Anyone who is interested in threads like this can read that forum's archives. If you take the time to match posts with market and time, you'll see how accurate it can be.

Also, a lot of those threads were a live learning curve process. Really only started doing this last Dec. A lot to learn, but already coming along very fast.
 
Uh, dude, wolfe guy, this is chit chat.
While i'd like to be impressed by your results, its still chit chat.

Im a disability pensioner, an expert technician, my method hasnt failed in , like 4 years plus, im not about to suggest i can trade, i actually keep tabs here to establish how bad the expert's are at there job, and trust me, they suck.
S_U_C_K.

And your results SUCK too , just to put things in perspective.

Practical application over theory, MY ASS.

Seriously, my butt could trade better than half the guy's here, but this is chit chat , so i'll give you the benifit of the doubt.

You are UNDERPERFORMING, even vs a moving AVERAGE.
 
Quote from Grob109:

Predicting the results of patterns must be trying at times.

Why do prediction??

Making money is done in NOW based upon the data set of NOW.

Were a person to get by the pattern lagging indications, what would he focus upon?

If you are only looking at NOW and find that this is THE important and only data set of importance what are the possible conclusions that can be drawn from the NOW daata set.

We all know. It is the finite set that is defined by the number of combinations possible by the data set elements.

Luckily all these conclusions call for a rather small set of decisions.

How many? 5.

Hold, reverse, wait, enter and exit. All listed in order of frequency of actual use in trading by experts.

How do pattern people get stuck in that place and why are they so tied to prediction when money is only made in NOW? Who knows?

What single thing are the five decisions always and invariably tied to when a person uses them as he does his routine?

There is only one thing.

Deciding on each data set conclusion occurs quite fequently for those who are making money. If a person is making money all the time it is offered, then he is watching closely to assure that he is continuing to make money.

Data set after data set. Looking at one thing only.

As a person gets down to trading in NOW and looking for one thing only it is not too complicated any more.
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nice post
 
Quote from acronym:

No, it only got deep when a thread containing grob quotes got bumped down here.
But, i mean, TRON, the sci fi movie?

You said it was deep , not me.:)
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nothing sci fi about me :)
 
Quote from FutTrd:

Okay before someone like Steve46 or Bitstream or Cheese rip this thread to pieces here are my thoughts.

Imagine an alien race floating in orbit and looking at humans trade stocks futures forex etc. And lets say one of them decides to take a detailed look at the whole thing, would it be really so bizarre that a creature of 5000 IQ would be able to take into account accurately all the news and probability assessment of how people react to news and all the patterns that repeat themselves to any reasonable degree.

Wouldn’t such a creature be able to come up with system that’s 95% accurate. In my opinion yes that would be possible and 95% accuracy is for all intents and purposes Holy Grail.

So what I am saying here ladies and Gents, we are simply not smart enough to process all the information and “figure out the holy grail”, but it is there.

Okay let the name calling and shredding begin. :D
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Forgive me, but your post is meaningless and purposeless.
 
Quote from Wolfe77:



Lol. That's the easiest level of the game, numbers. The really big guys take it to another level.
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Soros has a backache whenever a position is about to go against him. Do you have similar physiological reactions?

The big guys on "another level" use the same information as everyone else. They just get it faster. Maybe you're suggesting that your intuiton evens the playing field and moves you into their playing field.
 
Quote from nzbryant:

nice post
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You say "nice post".

Most of it is stylized monkey gibbrish that can be boiled down to one line.

"Trade with the trend". :D
 
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