not fooled by random market and by technical analysis

digitalnomad said:
If you have to look at charts and price bars to trade, you'll never make it in this business. The players grinding out the math and execution logic, will always be steps ahead of you. Don't kid yourself. Get smarter, or find something else to do. You need to graduate out of charts and bars ASAP if you want to survive, and just take a long hard look at the dummy in the mirror.
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I know you are smarter than me and that is what you want to prove by this post.
if you do not want to help and be more specific in your posts and not be personal and call everyone a dummy......maybe it is better you make money and do not mock others and make pointless posts to elevate your ego.
 
padutrader said:
if you do not want to help and be more specific in your posts and not be personal and call everyone a dummy......maybe it is better you make money and do not mock others and make pointless posts to elevate your ego.
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Just trying to help. Find out who (verifiably) makes money in this business, and do what they do. That’s what I did.
 
digitalnomad said:
Just trying to help. Find out who (verifiably) makes money in this business, and do what they do. That’s what I did.
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Well, maybe math and execution logic is one way to make money. But you seem to be saying that it is the only way and that TA cannot work for anyone. Not something I've heard before but just to be clear I'm trading forex almost exclusively, and mostly off D1 charts - maybe math and execution logic have the edge in scalping or suchlike?
 
digitalnomad said:
Just trying to help. Find out who (verifiably) makes money in this business, and do what they do. That’s what I did.
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that can take a lifetime without producing results (fwiw, i will add this disclaimer, assuming i never figure out what they're actually doing). btw, whether they have verifiable results or not also seems like a waste of time (to me) because it discounts my abilities to take any idea which is out of the norm and make it into something that works.

I've studied what alot of others do and tho it's been helpful in forming my own opinions about what works, .. i view a lot of that prior effort as wasted time, ..mainly because obsessive compulsive study of whats in the public domain, in extensive detail, literally does consume enormous amounts of time. Given limited resources, blazing a path, the one that appears obvious, at any moment in time, would seem like a better approach.

you're really interested in helping us (compete with u?)

btw, I'm happy that method worked for u.
 
tomorton said:
Well, maybe math and execution logic is one way to make money. But you seem to be saying that it is the only way
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It is the only way unless you’re buy/hold index investing. Any successful trading operation that exists uses one or both, in some form.
 
dratsum said:
you're really interested in helping us (compete with u?)
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Best place to start is a deep study of gambling math/stats/probabilities, followed by market microstructure. Real microstructure, and not 3 bar breakout tactics.
 
digitalnomad said:
It is the only way unless you’re buy/hold index investing. Any successful trading operation that exists uses one or both, in some form.
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Well, now you've introduced another methodology which I hadn't thought was that good really.

Maybe you would want to add something to corroborate your points?
 
digitalnomad said:
Best place to start is a deep study of gambling math/stats/probabilities, followed by market microstructure. Real microstructure, and not 3 bar breakout tactics.
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What is your definition of market microstructure?

Wiki says:
Definition
Maureen O’Hara defines market microstructure as “[...] the study of the process and outcomes of exchanging assets under explicit trading rules. While much of economics abstracts from the mechanics of trading, microstructure literature analyzes how specific trading mechanisms affect the price formation process.”[1]
The National Bureau of Economic Research has a market microstructure research group that, it says, “is devoted to theoretical, empirical, and experimental research on the economics of securities markets, including the role of information in the price discovery process, the definition, measurement, control, and determinants of liquidity and transactions costs, and their implications for the efficiency, welfare, and regulation of alternative trading mechanisms and market structures.”[2]
 
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