Why is hard to make money? Find trend, stops above previous/high low, TP @ next highs/lows

[ironchef]

I think the time has come for me to really leave ET.

Mtrader

I am going to miss you and your posts if you leave for good. Your posts did not reveal much but also revealed a lot.

You don't need to verify how good a trader you are, I already know from your approaches to trading. If I need proof, I can verify your statements by trying out some of the approaches/trading philosophy you were kind enough to share.

Best wishes.

 

[Scataphagos]

Not wishing to butt into a fight, but Mtrader in my opinion is ok, the real deal, not a fake.
Suggest maybe you should re-evaluate your decision putting him/her on ignore.

I understand any of us can get a little boastful behind the anonymity of the net. I gave M a chance to back off and admit, "I got a ahead of my self... maybe even exaggerated a bit". But he/she didn't take that opportunity and continued to defend "10:1 win ratio". In a mostly 50-50 environment? Smells of "poser" to me.

 

[ironchef]

I understand any of us can get a little boastful behind the anonymity of the net. I gave M a chance to back off and admit, "I got a ahead of my self... maybe even exaggerated a bit". But he/she didn't take that opportunity and continued to defend "10:1 win ratio". In a mostly 50-50 environment? Smells of "poser" to me.

I enjoyed reading both your posts so am sorry to see the "fight". IMHO, not worth it for you.

At the end of the day, whether it is 10:1, 5:1 or another ratio, we are all big boys and girls and should treat the internet postings with our eyes open. After all none of you are trying to sell your system or ask us to send money to you to invest so are not trying to profit from your respective posts. If you ever find that being the case, then please expose the poster otherwise, perhaps let it be.

I do have a question for you sir: Have you looked into Fractals? If the market can be represented by some forms of Fractals, then there are mathematical formula one can use to describe it. I am starting to look at Fractal and price and can use some coaching.

Regards,

 

[Scataphagos]

I enjoyed reading both your posts so am sorry to see the "fight". IMHO, not worth it for you.

At the end of the day, whether it is 10:1, 5:1 or another ratio, we are all big boys and girls and should treat the internet postings with our eyes open. After all none of you are trying to sell your system or ask us to send money to you to invest so are not trying to profit from your respective posts. If you ever find that being the case, then please expose the poster otherwise, perhaps let it be.

I do have a question for you sir: Have you looked into Fractals? If the market can be represented by some forms of Fractals, then there are mathematical formula one can use to describe it. I am starting to look at Fractal and price and can use some coaching.

Regards,

Never looked into fractals. I'm a K.I.S.S. guy. Fractals sounds too complicated for me.

 

[speedo]

If I can recall his book correctly, Bill Williams used the term "fractals" to simply refer to trend pullback patterns.

 

[Simples]

“You know, when we fought the Cylons, we did it to save ourselves from extinction. But we never answered the question “Why?” Why are we as a people worth saving? We still commit murder because of greed and spite, jealousy, and we still visit all of our sins upon our children. We refuse to accept the responsibility for anything that we’ve done, like we did with the Cylons. We decided to play God, create life. And when that life turned against us, we comforted ourselves in the knowledge that it really wasn’t our fault, not really. You cannot play God then wash your hands of the things that you’ve created. Sooner or later, the day comes when you can’t hide from the things that you’ve done anymore.” – Adama​

 

[themickey]

If I can recall his book correctly, Bill Williams used the term "fractals" to simply refer to trend pullback patterns.

http://www.investopedia.com/articles/trading/06/fractals.asp
Fractals is a term I tend not to use, I'm always looking at tops and bottoms (especially when out on the town)

 

[helpme_please]

It must be and better be hard to make money from financial markets. If it were easy, everyone would show their bosses the middle finger, quit their jobs and play the markets. If everyone does that, what is easy becomes hard. Therefore, even if it were easy, it won't stay easy for long for just that reason.

 

[Joe_D]

You won't need to rob me - just put that 15x30 ema on your EurUsd chart right now as the dollar index is close to major Fib support on daily. Make yourself 50-100k in a few days, clown instead of scamming Scataphagos.


View attachment 175615

karnal, did you do as I suggested or are you still bla-bla-ing significance till the cows come home? Worse still, are you asking other sheep if a setup is a good idea? Agreement is a disease worse than Cancer

You could have closed short right at the 161.8% in quoted text above as shown in chart here and stepped aside to a bear cave to enjoy your spoils as you wait for the LONG signal = 15x30

No other info required, economy, Palestinians, bla bla all bulls*it info - you have everything you need right here.

What a waste, Lord why did you create so many victims, I'm kind of mad at you for creating traffic jams worse than the I-405

 

[Joe_D]

It must be and better be hard to make money from financial markets. If it were easy, everyone would show their bosses the middle finger, quit their jobs and play the markets. If everyone does that, what is easy becomes hard. Therefore, even if it were easy, it won't stay easy for long for just that reason.

The game has been going on for eons, always will, never will change.
The HERD, by definition (99% of all international populations, the United States is itself a HERD, so don't think this is a poor country phenomenon. If you doubt this, sit on the bridge outside the I-405, have a beer and watch as the sheep scurry here and there in their nice cars, all for f*ck sake cause they refuse to think independently) operates as a single unit, devoid of individuality. That is why making traders out of them is tough = rare to find individuals. The game for traders will therefore go on forever, no threat of this ever ending. So have a beer on me and enjoy!