Further more the laws of supply and demand play a role in proving that the markets are not a set of random movements. No matter how hard they are manipulated, the laws of supply and demand come shinin' fru'
Michael B.
Michael B.
Want What The Market Wants
- Thread starter TradeWynds
- Start date
Ahh, so much clearer... I think.
Despite markets being (theoretically) random , the approach is'nt, thus defining the potential risk/ reward of any given outcome, or something like that.
Way i read it, it was some sort of field of dreams scenario, lol.
Back (sort of ) on topic , (not forex though)i used williams indicators paper trading for some time, turning an imaginary $15,000 acount into about $180,000 in under six months.
As consistent since, but i stopped keeping records after becoming severely depressed at the results, as you can imagine.
I didnt use williams methods though, and though the entries were by no means random imo, i thought I would test something.
I came up with the absolute worst trades i could think of - stops way out side the price, all over the shop, as long as i felt i would never take those trades normally, and felt this basket was guaranteed to lose , selling stuff i wanted to buy, you name it, the exact opposite of what i thought was a good idea, which clearly wasn't to shabby at the time.
Those trades ended up making more than any other basket or collection of trades in the entire period. I couldnt beleive it, but fairly well illustrate's your point i think.
The worst part is, i dont really know how i did it, unquantifiable as they say.
The mojo is mostly gone at this time, but i did find the mantra of "want what the market wants" extremely helpful, as in i didnt feel i made any decisions- I just placed stops, the market did all the work for me.
Despite markets being (theoretically) random , the approach is'nt, thus defining the potential risk/ reward of any given outcome, or something like that.
Way i read it, it was some sort of field of dreams scenario, lol.
Back (sort of ) on topic , (not forex though)i used williams indicators paper trading for some time, turning an imaginary $15,000 acount into about $180,000 in under six months.
As consistent since, but i stopped keeping records after becoming severely depressed at the results, as you can imagine.
I didnt use williams methods though, and though the entries were by no means random imo, i thought I would test something.
I came up with the absolute worst trades i could think of - stops way out side the price, all over the shop, as long as i felt i would never take those trades normally, and felt this basket was guaranteed to lose , selling stuff i wanted to buy, you name it, the exact opposite of what i thought was a good idea, which clearly wasn't to shabby at the time.
Those trades ended up making more than any other basket or collection of trades in the entire period. I couldnt beleive it, but fairly well illustrate's your point i think.
The worst part is, i dont really know how i did it, unquantifiable as they say.
The mojo is mostly gone at this time, but i did find the mantra of "want what the market wants" extremely helpful, as in i didnt feel i made any decisions- I just placed stops, the market did all the work for me.
acro,
Quote from acronym:
We had a contributor here named random trader...search his handle, I believe you will find his Journals enjoyable and refreshing.
Michael B.
Quote from acronym:
- Ahh, so much clearer... I think.
- Way i read it, it was some sort of field of dreams scenario, lol.
- The worst part is, i dont really know how i did it, unquantifiable as they say.
- I just placed stops, the market did all the work for me.
We had a contributor here named random trader...search his handle, I believe you will find his Journals enjoyable and refreshing.
Michael B.
Well,
There goes my theory.
Michael B.
P.S. hey rem did you find your 10 pair/11 currencies?
There goes my theory.
Michael B.
P.S. hey rem did you find your 10 pair/11 currencies?