Why do people believe in this?

Quote from vulture:

Look, Trend Dynamics is essentially a manual that discusses general market tendencies. Its not unlike stuff written by Livermore, Wyckoff, etc, etc. Guys like yourself tend to take everything so literally and if you find one instance that refutes the theory, you go nuts.
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This thread is not about me going nuts, since I pretty much regarded those stuff as b.s.

if you read the first post, i wanted to know why people still believe strongly in stuff like "trend dynamics".
 
Quote from Riskmanager:

You'll be amazed about how much you can predict shorter time frames through higher ones. The rest is money management and discipline.
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Woah, you should write a paper detailing that phenonemon. I think it'll get some recognition as the first paper to prove you can predict market move.



Quote from Riskmanager:
I dare to say that that's not a result of your research, but rather of your subjective opinion.

Edit: Even if we assume that your numbers are correct, then it's till possible to make profit by cutting your losses short and letting your profits run. One of the best traders in the world mentioned in an interview that he closes 70% of his trades with a loss. And still, his risk to reward ratio is ~15.
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No.
Anyone who spend any amount of time in the market will know that as you tighten your stop loss the % adjusts according. win size 2, lose size 1 will adjust the % into 33% winner so u break even.
 
Not to be too mean, but I checked out Remiraz' original link, and they're selling books with grammatical errors in the title. You know it's a sign of quality when they screw up the friggin' COVER with misplaced apostrophes. I'm guessing they saved the spelinng erorrs for the inside (you have to buy their books to see those beauties).

I guess they couldn't find an editor who would sign an NDA.
 
Quote from Remiraz:

"SECOND LAW: Trends that run counter to the next larger timeframe tend to be abortive."

(originally found here ---> http://www.trend-dynamics.com/TD_Laws.htm)

I have friends who actually strongly believed in this.

.

Its like basic economics man. :confused:

But why do people still argue strongly for this "law"??
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=======
Answer;
because there is a lot of truth in that law, however some may need to be studying ''since 1985'' to see that.
Basic, man.

This is Not an ad for thier ''$995.00 trading course'';
especially since that info is found in librarys , much much cheaper

You may notice while countertrends are aborted[killed ]faster;
they resurrect frequently /regularly , also called corrections.

As far as it being a law, sure;
speed limits laws are enforced diffferently in different jurisdictions,
discretion of the powers that be is envolved also.:cool:
 
Quote from cable:

Not to be too mean, but I checked out Remiraz' original link, and they're selling books with grammatical errors in the title. You know it's a sign of quality when they screw up the friggin' COVER with misplaced apostrophes. I'm guessing they saved the spelinng erorrs for the inside (you have to buy their books to see those beauties).

I guess they couldn't find an editor who would sign an NDA.
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LOL
 
I'm not surprised, a majority of people don't know correct grammar; and, many of them make way more money than some of us ... pick almost any professional athlete.
 
Quote from Riskmanager:



Edit: Even if we assume that your numbers are correct, then it's till possible to make profit by cutting your losses short and letting your profits run. One of the best traders in the world mentioned in an interview that he closes 70% of his trades with a loss. And still, his risk to reward ratio is ~15.
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Shhhhhh...cumooon man...your givin it away.... let them keep looken for 60 , 70 and 80 % correct stuff....:D


Nick
 
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