Secret edge , loophole .....

Quote from Surprise:

Thanks for the comments ..

In soccer are there written rules if u follow u will score a goal ?

You can make money but not by following x method or y edge , there is no such thing as an edge that can be written in a stone ... If there is such thing as a clear setup then who will be on the other side of the trade ?
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You are forgetting time frames, what the daytrader might find a great entry, the position trader would consider that a good exit. What you said applies only if there is just one clear setup - you're also forgetting complex strategies involving multiple instruments.
 
These threads are funnier than a Northwestern University sex show.

Need it be said again? Oh, apparently. But, according to generally accepted statistics, only 5 out of the next 100 to read this post, will grasp it. (Which, actually, is a good thing.)

MARKETS DO THE SAME THINGS OVER AND OVER AND OVER.
 
Exactly, which is why what I found to work in 1998 still works just as good today, only thing that changes is volatility.

For some reason, this angers some people here.


Quote from BSAM:



MARKETS DO THE SAME THINGS OVER AND OVER AND OVER.
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Quote from Fireplace:

Exactly, which is why what I found to work in 1998 still works just as good today, only thing that changes is volatility.

For some reason, this angers some people here.
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:) Goodluck nobody is angry ....
 
Quote from illiquid:

+1, +1 for the first 2 posts on this thread.

It's not about knowing "who" - as in counterparty who - is on the other side of your trade. It's about understanding what exactly you are trading off of, the "why" you expect to make money on whatever trade you just placed. Do patterns and "setups" sometimes repeat themselves? Sure. But knowing why they work in the first place, and why most eventually deteriorate is pretty much the name of the game. Just being able to describe a pattern/setup's parameters is not enough. The successful traders that don't understand this are the ones that eventually end up "teaching" how to trade instead, and the biggest signal that your method is on the verge of becoming/already obsolete is that it was taught to you or is being taught to others.
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+1 , exactly , it is not "who who" on the other side ...
 
Quote from alea_jacta_est:

David denies Goliath choice of weapons, fearlessly runs towards the giant, stuns him then chops his head off with Goliath's own sword, wins the battle, the war, and a Kingdom, then falls victim of the ruler's pride, and loses BIG.

His son Salomon, using his father's "secrets" goes on to build the richest kingdom the world had ever seen, and on his deathbed his last words were:

"All is vanity."

"2 follows the 1, 95% before the 3."
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Oh so true....

NiN
 
Quote from Fireplace:

Exactly, which is why what I found to work in 1998 still works just as good today, only thing that changes is volatility.

For some reason, this angers some people here.
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Ah, you can't be telling the truth, Fire!

The emotions of people have changed so much since the last century, this just can't be true. ;>)

"For some reason, this angers some people here."---Yeah. A subject for a new thread in the Psychology Forum.
 
Quote from Surprise:

No new about this !
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Really? Then, what's this post all about?:


Quote from Surprise:

IF setup X or pattern A is clear then it will be used as a trap then it will become obsolete...
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