not fooled by random market and by technical analysis

Amahrix said:
@padutrader @SimpleMeLike -

Do you believe luck plays a factor in ANY of these trades you've shown?

Yes or No?

I am not looking for why or why not.

Just a simple yes or no.

Thank you.

Does luck play a role? Yes, or no?

Note: It is a yes or no.

If you ignore this question for any reason, I will assume it is a yes.
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Define lucky as a factor in ANY trades ?
  • I got a bigger profit than expected
  • I exited the trade earlier for a small loss instead of letting it hit my stop protection for a bigger loss
  • The technical analysis said Long and I accidentally went Short...market then dropped or vice versa to give me a nice profit
  • I called it quits early in the day to bank my profits. Had I continue trading...the TA signals would have resulted in a losses to take away my earlier profits
  • I was counter-trend trading all day on a strong trend day. Stop loss protection based on TA resulted in small losses instead of big losses based upon random risk:reward
  • TA selected the best trading instrument to trade based upon my trade strategy in comparison to trading what's popular at forums or what's recommended to me by others based upon their TA
  • TA backtests show I've never had 5 consecutive winners and my 5th trade resulted in a profit
  • TA backtest show I've never had 5 consecutive winners and I ignored the 5th trade signal...it would have resulted in a loss had I taken that TA signal
  • TA reveals I'm net profitable in the morning but net losses in the afternoon trading session. I took one more trade in the afternoon based upon TA and it resulted in a profit
  • We're both using the exact same TA strategy (entry to exit), exact same time frame but your results are net overall losses while trading every trading day. In contrast, I'm net overall profitable when only trading the first 3 trading days after a FOMC announcement and ignoring 1/2 trading days due to a holiday
  • We're both using the exact same TA strategy (entry to exit), exact same time frame but your results are net overall losses while trading on low volatility trading days. In contrast, I'm net overall profitable when only trading on high volatility trading days
  • We're both using the exact same TA strategy, exact same time frame but your results are net overall losses while trading every trade signal. In contrast, I'm net overall profitable when only trading if/when TA signals show up in the direction of a price action that's reacting to a President Trump tweet
I can go on and on via situations that I would consider to be "lucky".

Therefore, please give me a few definitions / examples of your definition of lucky while using technical analysis because you've used the word "lucky" many times without defining nor explaining what it is to you.

wrbtrader
 
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padutrader said:
long usdjpyView attachment 209783
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closed
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despite requesting that discussion be directed only towards the trades posted,i am getting a lot of personal comments about me and my thread.
i did not ask for an opinion about me or my thread.
if you do not like this thread please go somewhere else.
 
padutrader said:
then why are you here.
this is a journal it is open to discussion only about trading and not make ridiculous pompous declarations about what you believe.
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What I believe is backed by hundreds of papers by people much smarter than you and I - so I'd suppose my views are more correct by definition.

padutrader said:
i could list all the world class traders who use 5 min but i do not have time to waste
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Please do - because there aren't many. Let's set the rules at excluding anyone using order flow trading (which is basically the digital version of playing the pit). I'd love to hear all the success stories of these 5 minute candlestick traders. I don't expect you to list all of them - but maybe a blog post featuring them with their third party verified track records (something sadly missing from majority of these charlatans). I'd happily eat my words if you could.

You made a thread title directed at another highly contested topic - you expected us to support you? Yet another ETer incapable of taking strategy criticism. It's getting old. If you can't defend your strategy you have a prayer not a profit machine. Like I've posted on virtually every strategy journal I criticize if ONE OF YOU charlatans could post metrics I'd shut my mouth.
 
gaussian said:
What I believe is backed by hundreds of papers by people much smarter than you and I
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i make money and the trades are posted live.
so what do you want me to do
trading 5 min is impossible but i will continue to do it the incorrect way
now stay out of this journal
 
gaussian said:
but maybe a blog post featuring them with their third party verified track records
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why should anybody go out of their way to prove to you anything.
this journal is my personal record like all journals are.
it is open to all to see and make comments on specific trades.
this i had requested in the beginning.
i am the worst trader in the world i blow accounts every hour and put rubbish in my journal but I HAVE MANNERS UNLIKE YOU.PLEASE TAKE THE HINT
 
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gaussian said:
What I believe is backed by hundreds of papers by people much smarter than you and I - so I'd suppose my views are more correct by definition.



Please do - because there aren't many. Let's set the rules at excluding anyone using order flow trading (which is basically the digital version of playing the pit). I'd love to hear all the success stories of these 5 minute candlestick traders. I don't expect you to list all of them - but maybe a blog post featuring them with their third party verified track records (something sadly missing from majority of these charlatans). I'd happily eat my words if you could.

You made a thread title directed at another highly contested topic - you expected us to support you? Yet another ETer incapable of taking strategy criticism. It's getting old. If you can't defend your strategy you have a prayer not a profit machine. Like I've posted on virtually every strategy journal I criticize if ONE OF YOU charlatans could post metrics I'd shut my mouth.
More...


Gaussian, as a person who’s getting older and wants to come across useful, not useless things.— > Short read: The Great Intellectual Fraud
 
gaussian said:
What I believe is backed by hundreds of papers by people much smarter than you and I - so I'd suppose my views are more correct by definition.



Please do - because there aren't many. Let's set the rules at excluding anyone using order flow trading (which is basically the digital version of playing the pit). I'd love to hear all the success stories of these 5 minute candlestick traders. I don't expect you to list all of them - but maybe a blog post featuring them with their third party verified track records (something sadly missing from majority of these charlatans). I'd happily eat my words if you could.

You made a thread title directed at another highly contested topic - you expected us to support you? Yet another ETer incapable of taking strategy criticism. It's getting old. If you can't defend your strategy you have a prayer not a profit machine. Like I've posted on virtually every strategy journal I criticize if ONE OF YOU charlatans could post metrics I'd shut my mouth.
More...
despite requesting that discussion be directed only towards the trades posted,i am getting a lot of personal comments about me and my thread.
i did not ask for an opinion about me or my thread.
if you do not like this thread please go somewhere else.
 
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