Thread: Stop fooling yourself There is no system

95294there are fields of non-random price action. An edge, if it actually does exist in these fields, could be so small as to be undiscoverable by current backtesting technology as a result of historic data corrosion. Pippo

95294

Originally Posted by ;

Dan you make sense to me, and I've really enjoyed our conversation.

Good Trading for you.

Cheers!

95294

Originally Posted by ;

Roulette IS random (unless the wheel is biased). This (along with all the zeros on the wheel) is how casinos make their profits.

Conversely, price movement isn't completely random. Even Mark Douglas (whose books make misconceptions, IMO) states that an edge is.... An indiion of a likelihood of a single thing occurring over another. If price movement proved to be a walk, then it would not be possible to attain an edge, and prices would ensure that each and every trader would finally shed.

Most logical answer!

95294i would love to share my system, its called PATIENCE, just about 5% of
full time traders utilize it. . .Try it.

95294

Originally Posted by ;

Roulette IS random (unless the wheel is biased). This (along with the zeros on the wheel) is how casinos make their profits.

Conversely, price movement isn't completely random. Even Mark Douglas (whose novels create misconceptions, IMO) states that a border is.... An indiion of a probability of one thing occurring over another. If price movement was a walk, then it would not be possible to reach an advantage, and costs would ensure that each and every trader would shed.

Most market participants are only imagining when they trade. This isn't realized by most. Creep in when you are reduced to guessing as your system then the probabilities that are gloomy. Each system available on this site is glorified guessing. So yes, trading into the majority of participants is betting.

I've been militantly submitting this stuff around here recently, but I myself had been tainted by the kool aid that I am now shooting down. I threw away a lot of money by imagining all of the time. In hindsight, I must say even fibs are garbage, although I am known by Many of you as a Fibonacci guy. They supply a trader no informational advantage at all.

Trading based on what you find on a price chart is suicide. So in that way there is not any system.

90062

Originally Posted by ;

If price movement was a random walk, then it would be impossible to attain an advantage, and costs would ensure that every trader would finally shed.

One must be cautious with semantics here since the overall statement isn't strictly accurate, an individual can setup borders in random walks depending on which type of random walk it is. For instance: a random walk with no drift may be exchanged in a RTM fashion. I'm not ready to go in this subject other than to say it's worth rethinking your announcement, although this is an extremely artificial case.

90062Nice honest article scotty b.. . I concur. Only want because you say, to add that systems do not work. There's not any system which can set rules etc to some market and hope to beat the odds.

Methodologies however do, since here the trader operates his skill and understanding together with the flexible market, and adapts to take whatever profit he will, skewing the odds in his favor with whatever market bias he can muster. The distinction is that the experience turns gambling, although essentially still glorified gaming. Using a hands now and then, but consistent, still gaming, still loses Just like a top poker player.

Same problem new people find when attempting to work out in the gym. Obsessed with making the workout'schedule' putting all of the exercises that allure them, because they do not really listen to their bodies they don't reach their goals.
Of course even there you learn the hard way, it is what you need to do. Adds up to a better understanding, before your reactions become to the situation, make it a ranging or trending market, or a overtrained state in the fitness center

90062

Originally Posted by ;

Trading based on what you see a price chart alone is suicide. So in that way, no there isn't any system.

It is good to see you've finally recognized that Fibonacci ratios as applied by 99 percent (actually make that 100% ) of folks here are brain dead, but the above statement is demonstrably not true, I understand highly profitable traders (profitable for ten decades ) who simply trade off price charts (and conversely others that do not even look at charts).

90062What ever happened to Vlad(maybe not the Impaler)? Maybe his mother kicked him out of her basement after he blew his money and pulled the plug? Vlad return.

90062

Originally Posted by ;

What happened to Vlad(maybe not the Impaler)? Maybe his mom pulled the plug and kicked him once he blew his money trading? Vlad come back.

He came back and dug out this thread out of forum's graveyard
Post 159: https://www.nigeriaforextrading.com/...ghts-book.html