Kind of surprised to hear that coming from a music teacher.
Any harmonic /or murry mathematics traders on the market?
Originally Posted by ;
Kind of surprised to hear that coming from a music teacher.
Any harmonic /or murry mathematics traders on the market?
Originally Posted by ;
I'd love to know, where Greenspan says that the market is arbitrary?
What I know is that he believes that fundamental analysis is useless as you can not have a border with this appoach. 1 single individual can not have more information that the others.
The second announcement I know is, that, if big banks earn a profit, it is due to their ability to market making, this means Quite simply they control the markets, e.g. they buy until everybody thinks it's going up and buying too, then they market suddenly, and the followers are being immobilized. That is how it works daily. (in both directions of course)
for several of the innocent traders it's like coin tossing, because you can not know, what the boys will do alongside drive you nuts.
Good luck!
Considering the market is completely random simply tells me you do not understand how the markets work, have not put in the study time, and have not put in the display time. Saying I can't do this b/c the market is arbitrary is simply a cop-out...
Why is a market? People, right? So are people's decisions arbitrary, lol? No...
It does not appear unlikely to me , with daily turnover reaching 4 trillion or 4000 billion, that after 20 years or 19,200,000 BILLION dollars afterwards, it would be possible to extract 50 billion. Perhaps you believe this is too large? So let us say 20 billion/10/5/3/2/1?? Still it goes without saying that you would be able to make a ridiculous sum of money.Originally Posted by ;
No it is not rocket science - it is harder, it is hopeless, but it is based on luck. So all these traders you understand, who make consistent profits (let us say 2%-3% per month?) , are all going to be worth tens of millions of dollars or more? no? why not? If you ran into a bank and had access to a CONSISTENT system would you not put a considerable amount of money toward utilizing that system? If you conducted a company and had a item which was guaranteed to create a certain amount of profit over a particular time frame, do you not try to market this merchandise to the highest bidder?
I have examined out A LOT of systems and the one thing which seems to possibly work is's countertrend trading but that's no fun because things go crazy every once in a while and the market will take you out. The more I think about it, the more it seems that FX is little more than a coin tossing contest because if it wasn't, it'd no longer work efficiently. And of all of the things Greenspan was wrong about, I do not believe this was one of them.
please prove me wrong. Please inform me that profitable systems do exist and that I too can eliminate needless blindness in Africa.
Like I said, if you're able to make money consistently within this market you're on your way to earning tens of thousands or more throughout your career. Congrats if this is the situation!Originally Posted by ;
ok so you're suggesting Greenspan didn't mean what he said also it is or might be possible to make consistent profits that aren't based on fortune in this market. Would it not be sensible to assume you are taking this view since you believe that? And if you believe that then you must have proof that this is the case, or else you'd simply be hanging onto a false sense of what it means to'trade' in this market.Originally Posted by ;
And if you have proof you either must know somebody who you know that you can trust and then I would advise you to get this person to teach you that their way, since then you'd have the ability to develop a consistent track record which in turn would give you access to massive investment funds, then you can start watching the millions roll in! Or maybe you have a consistent money maker? Then I expect you wrote this post on your helicopter on your way to your own yacht that's on course for the humanitarian mission your foundation has decided to participate in. If not then I'm sure it will not be long.
Hey I understand people reading this thread must find my statements pretty annoying by now but frankly, does what I'm stating not make sense? In case you can not demonstrate you have a consistent method, then you certainly don't have a consistent method. And if you don't have a consistent method, how long are you really going to'search' for?
no? With all due respect, how could it not be? If a system does not have any part of consistency then should it be exchanged? The fact is that there needs to be some type of consistency. Like you said the turtles' strategy was profitable 3 of 12 weeks - which is an example of consistency. A system which does not have any measurable profitable consistency is not a system that is tradeable. It is a pattern generator.Originally Posted by ;
Well put!Originally Posted by ;
But are you suggesting that there are ways to negate the market's randomness using greater timeframes? Or are you simply saying exactly what Greenspan did, the market makers are the only consistent winners whose profits are not based on chance?
These patterns are not predictable and as a result of this are only identifiable after they have happened. How do these facts help you to make money? Or will you somehow magically find the future and are therefore destined to make consistent profits guaranteeing you a life of unbelievable riches and eternal success?Originally Posted by ;
intriguing view. I think that it comes down to the simple fact that you can not CONSISTENTLY predict patterns so they appear randomly and because of this it's easily arguable that the market, for all intents and purposes, is perceived as a random set of events. And what's a system? It is a way in which to'perceive' a market.Originally Posted by ;