Trader Girl Forex Trades
- Thread starter amytrade
- Start date
This was my best trade of the system described on here. It was a few pips from my sell level and inside Fib targets I so clearly LOVE to short. Especially when its predicted to be the WEAKEST pair today.
It also had virtually no statistical strength at the highs so no need to wait for double top!
It also had virtually no statistical strength at the highs so no need to wait for double top!
I'm just teasing with the anti fibs people on here.
I'm a firm believer in everybody using what WORKS for them. I know people who make money with stochastics and macd and moving averages. While I don't use them other than moving averages on daily chart (20, 50 and 200 day simple) I'm not about to bash people making good money doing what they love in a way that makes sense to them.
In the end no matter how a person trades, if they make money its PROBABLY due to sound money management rules, ie small losses and bigger wins.
Simple stuff! Fibs aren't magical and I'll be the first to say they don't work more than 60% of the time for me but given some of the trend tools I also combine with them and often looking for double tops/bottoms at these levels too the win % goes up from there.
Appreciate your thought.. Every trader has their own technique in making trade decisions.. Although to some MACD, stochastic and MA are useful, for me here are my list of indicators;
1. Trend lines
2. Higher high / lower high / higher low / lower low
3. Swing high / Swing low
4. Support / resistance
Yes, i have a blank trading screen. While you believe in Fibs, I believe in price movement.
Price movement got me a new car, a new apartment, a big smile happiest fiancee and a wedding in Hawaii in July
Your reasoning / prediction in direction of currency pairs is taking my interest to look into your thread.
So, carry on Amy..
1. Trend lines
2. Higher high / lower high / higher low / lower low
3. Swing high / Swing low
4. Support / resistance
Yes, i have a blank trading screen. While you believe in Fibs, I believe in price movement.
Price movement got me a new car, a new apartment, a big smile happiest fiancee and a wedding in Hawaii in July
Your reasoning / prediction in direction of currency pairs is taking my interest to look into your thread.
So, carry on Amy..
It works for Amy? Where is the evidence for this? She claimed in another thread that she makes "a ton of money" from this stuff. I asked for statements to prove this claim and she went quiet.
The truth is more likely that she is a mathematical maladroit and a papertrading pauper. I have the feeling that "Trader Girl" was an attempt on her part to start a journal, gain some followers, and then start an advisory business. The problem is, she is using proven quackery and has little clue what "works."
She throws up levels, and claims some "work." What is "works"?? Something that bounces exactly off a Fib level? Something that gets near it on either side?
There is nothing of value here.
The point is, they DON'T work. I posted a serious institutional study a couple pages back that strongly proves they are no more useful than any other level.
Speculating on the reasons they do is a cosmic waste of time. Beliefs and opinions mean nothing. Evidence and proof mean everything.
An edge is quantifiable. That there is a longterm uplift in the stock market during the last couple days of a month and first few days of the next month is beyond doubt - it has been working for a good century. It doesn't always work, but year in and year out, it remains.
Fib levels have been shot down multiple times by very smart peiople who subject it to rigorous tests. The fact that people still believe in it is no more interesting than people convinced that a giant dinosaur-era marine reptile exists in Loch Ness, even though the Loch is only some 10,000 years old and marine reptiles disappeared 65 million years ago.
And yet YOU are still reading and posting your garbage. That seals the deal, if it looks like an idiot, sounds like an idiot, SMELLS like an idiot, YOU must be an idiot!
Don't worry, I was seeking more of a positive discussion and sharing of ideas. I've gotten very little discussion of other methods or trading ideas and that was my only motivation for being here. Many people have told me to go to other forums that have more REAL traders and I'll be off here pretty soon.
I've posted at least a dozen methods that by themselves they make money. You? You've posted complete and utter bullshit.
You're not a real trader, you don't make money trading and you're jealous of those who do, probably especially so when its a woman half your age.
I repeat my challenge to YOU. Post your analysis of the NEXT DAY and let's compare what you have to offer. Let's just see who's more accurate in predicting the NEXT DAY's price action. If you're even 1/4 of a MAN you will take my challenge. Anybody want to bet he won't take my challenge? The worst fear he has is to be PROVEN a horrible trader which I hope he allows me to do!
Firstly, like yourself I don't see any evidence, but neither do I require any. Why would I?
Secondly, I don't know what she is, but I have no reason to believe that she is a maladroit and ne'er-do-well, as you claim, either. And, you know what, frankly I just don't give a damn. She can be Chuck Norris for all I care.
In general, I would suggest that you come to the wrong place seeking a proper scientific debate on relative merits of a given strategy. If you want to conduct an academically sound analysis of a Fib-level driven strategy, pls feel free. There are good academics that have done this (like Lo and others) and published interesting papers on the subject. However, I would suggest that this forum is not the place to discuss these subjects, which is exactly why I don't care what the strategy is, but rather suggest that, judging by her posts, Amy is very good at risk management.
Finally, I would advise that your expectations are in need of a revision. The medium that a public forum like this provides is ill-suited to the sort of discussion you're trying to engage in.
Incorrect and I completely disagree with a whole number of points.
Firstly, the fact that there's an institutional study out there that argues a specific point is irrelevant. I can point you to a whole bunch of rigorous academic research out there that is either completely wrong or impractical to a degree that makes it as good as wrong (PM me for examples).
Secondly, a world where 'evidence and proof' reigns is your dream. Everything is subjective and axioms are simply assumptions. Again, I can point to volumes of research that is deeply flawed because 'evidence and proof' it cites is based on fundamentally flawed assumptions.
Thirdly, there's a very large difference between edge and market phenomena. Edge can, in fact, exploit mkt inefficiencies (like the example of the behavioural finance result that you have given), but it doesn't have to. My view is that Amy's real edge is actually risk management and has nothing to do with Fibonacci or any other form of witchcraft.
Finally, like yourself, I don't believe in Fibonacci anything. But I also REFUSE to believe anyone who says that they're smart people and they have done rigorous tests. I have seen too many famous idiots claim that.
There, my Z$2c