There is no "system"

MarketAddict said:
Listen up and listen carefully.. I'm here to tell you that the market is very complicated and it's very hard to understand. And if someone tells you different then they are full of it.. It's funny because I can explain the whole market to you in one sentence, but I'll bet you that you still wouldn't understand it.. Think about it for a second.. Do you really think you can be a good surfer by reading one sentence?

The whole market is a system.. A very complicated one too.. To understand it you will have to break it down into categories.. And those categories will have sub categories.. Trend, ranges, consolidation etc.. Every trend isn't the same, every range isn't the same and so on.. This is where the sub categories will come in.. 80% of people that's reading this right now don't have a clue of what I'm talking about.. I will tell you this... Market behavior is key.. Study it! Forget about trying to build a system (for now).. ALL OF YOUR SYSTEMS WILL FAIL if you don't understand market behavior (re-read this sentence 50 times).. Most people just focus on trends and sometimes ranges, but there's more to the market..

The market is far from random.. People fail to realize that the market is man made.. I could show you patterns that pretty much shows up every single week.. How could that be random? Have you ever saw inside of a car engine before? It looks random as fu*k right?
But ever part has a purpose.. Study it!
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How does one study noise? The after -the-fact rationalizations are no indication of predictablity. There is literally no way to test hypothesis because you can't control for single variables. What then, is being studied? Why is simple pattern recognition elusive?
 
Direlect said:
How does one study noise? The after -the-fact rationalizations are no indication of predictablity. There is literally no way to test hypothesis because you can't control for single variables. What then, is being studied? Why is simple pattern recognition elusive?
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I can try to explain to you how to study noise, but it will take to long.. I already told you that the market is very complicated.. Do you think in one paragraph a doctor can explain how to do surgery on a human.? The market is really that complicated.. Plus you will have to sit next to a trader day in and day out for a long time to understand it better.. To understand why he's taking that trade.. understand his thought patterns.. This is hard work man..

Things may seem random because you can't see what's really going on.. Did you watch the NBA finals? If so, then you saw the spurs pass the ball around to every player before they took a shot.. It may look like they are randomly passing the ball but it's actually a system they run..

Everything looks random if you don't know what's going on or what to look for...
 
MarketAddict said:
I can try to explain to you how to study noise, but it will take to long.. I already told you that the market is very complicated.. Do you think in one paragraph a doctor can explain how to do surgery on a human.? The market is really that complicated.. Plus you will have to sit next to a trader day in and day out for a long time to understand it better.. To understand why he's taking that trade.. understand his thought patterns.. This is hard work man..

Things may seem random because you can't see what's really going on.. Did you watch the NBA finals? If so, then you saw the spurs pass the ball around to every player before they took a shot.. It may look like they are randomly passing the ball but it's actually a system they run..

Everything looks random if you don't know what's going on or what to look for...
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I don't have the option of watching a trader. What do you recommend? This is not an easy discipline to learn simply for the fact that seemingly every commentary on what is happening, what has happened, and what will happen is at odds with each other. I don't expect to learn this from osmosis; i can stare at charts all day and pretend to see patterns, i'm sure, and parse absolutely no relevent information from the effort.
 
Direlect said:
i can stare at charts all day and pretend to see patterns, i'm sure, and parse absolutely no relevent information from the effort.
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If you are not willing to study those trading charts day and night (so you can find a statistical edge somewhere), then you will never be a real trader.

Trading is a passion and lasts a lifetime ... and beyond.
 
Direlect said:
This is not an easy discipline to learn simply for the fact that seemingly every commentary on what is happening, what has happened, and what will happen is at odds with each other. .
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What do you mean..? Please explain...

Direlect said:
I don't have the option of watching a trader. What do you recommend? .
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First, tell me what market are you trading? And please tell me how are you trading the market ? I don't need to know your system.. I just need to know what are you looking for.. For example, are you trading with the trend?...and if so, what are you looking for.. Pullbacks?
 
xelite777 said:
Oh Ok, let's create a "thread" on ET so we can promote some websites for free.

And of course the moderators wouldn't notice a thing, right?

Anyway.
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I don't have anything to do with any website. I wouldn't waste my money on P&F charting software anyway.
 
xelite777 said:
If you are not willing to study those trading charts day and night (so you can find a statistical edge somewhere), then you will never be a real trader.

Trading is a passion and lasts a lifetime ... and beyond.
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Study what? Even a relatively young science like quantum physics has objective information and peer review. I'm sorry but staring at charts all day and night is unproductive. I am not against studying and learning-- far from it. Studying established information with precedent is a typical way to learn something.
 
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