Greenspan and Currencies - Delusional? - Page 9
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Thread: Greenspan and Currencies - Delusional?

  1. #81
    Quote Originally Posted by ;
    appear out! These funds are gont be worth 10's of billions! Economy - proof ATMs here we come! Or wait, those systems aren't consistent? nooooooo!
    Consistent, yes, although not necessarily capable of being infinitely scaled upward, you find that is the issue with your'lets solve universe famine' plan, you might have to return to the drawing board with that one!



    Quote Originally Posted by ;
    I would like to prevent an argument
    And there was me thinking you're attempting to become like all fantastic uni students, a contentious hellraiser seeking to challenge everything just for the hell of it, if I said now was Wednesday you would likely find a reason to mention it was not, hehe.

    You're the guy who discovered the meaning of life....but forgot to write it down, right?

  2. #82
    Quote Originally Posted by ;
    I'm just trying to uncover the truth. As I know it today you think consistently profitable systems do exist and that Buffett uses them to make billions on the routine. Well I disagree.
    Again you're mistaken! I just have said you cannot and never should think what the news ! I haven't said that there are automatic systems which are based on indiors and are consistent profitable. Based on indiors this imho isn't feasible since most of those indiors are trying to forecast the future based on the past. They remove the sound which often gives a hint or is important. IMHO the only strategy which may be profitable (unequal winning every transaction ) is only based on level2 insight and much deeper insight to the orderbook. Learn abotu market mechanisms, market makign and the way that price finding works and study the bidask.

    There are profitable systems which are based on optional trading choices by trying to track the orderflow and swimming together with the money side of the market. Of course, there are also erroneous trades involved but this is where MM comes into play and sticking into a trading plan which involves, before entering a trade-what's the price I am prepared to enter this brief -how much risk do I take -how much reduction is possible -where is my profit target - why do I enter here and so on...

  3. #83
    Quote Originally Posted by ;

    In concept, there is no difference between practice and theory. But, in practice, there's.

    Jan La Van De Snepscheut


    Ever wondered why your holy grail EA's failed to work, and what exactly does that tell you about the market? ...
    fully agree. My point is that these'magic' traders, over the long run, can't be constant in the FOREX market, even if they are lucky. Otherwise these Michael Jordans (Gods?) Of fund would be saving the entire world, one billion at one time.

    Quote Originally Posted by ;
    And now I must say, this fantasy of leaping to the end of the rainbow to pick up your daily wheelbarrow full of cash when you've got a profitable egy is completely ridiculous. Sounds like you are still on the search for the Holy Grail. Read some books by those who have traded other people's money for a living and see that this company is not completely without diseconomies of scale. I Suggest Marty Schwartz's Pit Bull. He is a day-trader/scalper, an extremely profitable one too, but he discovered his limitations the hard way.
    Thank you, I'll be continuing to research the subject. I think there may be a issue with this particular recommendation however. From what I understand Marty was a stock trader. That's a very different set of rules.

    There is a phenomenon that has occurred recently with the arrival of high-frequency trading where computers create countless transactions within seconds in the stock market. This is the holy grail (when the authorities continue to let it). The problem is that the stock market is tiny compared to FX. And that is why, if you have not noticed lol, I don't believe that you can earn 10-30percent annually with all types of certainty in the FX market. Otherwise it's game over.

  4. #84
    Quote Originally Posted by ;
    Consistent, yes, but not always capable of being infinitely scaled up, you see that's the problem with your'enables solve world famine' plan, you might have to go back to the drawing board with that one!
    Haha well that's my fantasy. No I totally see what you're saying. But let's not forget that this market turns over 960 000 billion a year, allowing the prospect of making a lot of money in this time over potential.

    Quote Originally Posted by ;
    You're the man who found the meaning of life....but forgot to write it down, right?
    Hahaha it is around here somewhere

  5. #85
    Quote Originally Posted by ;
    let's not forget that this market turns over 960 000 billion a year, permitting the prospect of making a lot of money during this time over possible.
    Right!

    'A lot' is a relative term, you're always likely to be limited by liquidity anyhow.

    I still can't understand why you're so skeptical about the occurrence of consistently profitable systems, it is an entirely illogical assumption.

  6. #86
    Quote Originally Posted by ;
    Right!

    'A lot' is a relative term, you're always likely to be restricted by liquidity anyway.

    I can't understand why you're so skeptical about the occurrence of consistently profitable systems, it is an entirely illogical assumption.
    The simple fact that you are not (yet) stumbled across such a system should support the opinion that there is one. If I had a consistant profitable automatic trading platform, the hell will I spread that information, because this is when it begins to stumble and fail that is logical. This is a sharks match and also the second greatest thing apart from earning money is when the others do not make or eliminate money.

  7. #87
    Quote Originally Posted by ;
    the fact that you're not (yet) stumbled across such a method ought to encourage the opinion that there's one. If I had a consistant profitable automatic trading platform, the hell would spread that information, since this is when it starts to stumble and fail that is plausible. This really is a sharks game and also the 2nd best thing apart from making money is when the others do not make or eliminate money.
    I think you responded to the wrong post (I will delete this If You Would like to edit)

  8. #88
    Quote Originally Posted by ;
    I believe you replied to the wrong article (I will delete this if you want to edit)
    I answered to this premise you created (that he thinks there's no cons. profitable system)

  9. #89
    Quote Originally Posted by ;
    You clearly speak from your own personal experience....but one person's garbage is another person's treasure, your losses were somebody else's gain, you realize that right?
    It is from my own expertise, encounter typing'Foreign Exchange' to google lol

  10. #90
    Thanks to all the men and women who've contributed to the thread so far!

    I'm pretty sure this is my very last post cuz I believe I have said what I needed to say.

    In final I will say:

    1) if recognized, always profitable systems exist which are certain to earn between 10%-30% a year from the forex market, Buffett, Gates, Conservative Christians, Coca-Cola, Conan O'Brien, The Tooth Fairy, Facebook, Twitter, Barack Obama, Colbert, Bill Clinton, YouTube, Google, Electro, Greenspan, Women, John Lennon's spirit, Preview Post, Submit Reply and this guy would group up to use this egy and make something truly wonderful within the next 20 decades. Something so inspiring, something so emotionally strong it would go down forever in human history as a single act of unity that shifted the global awareness forever (before the Universe bogged down a lot and we must escape to some new Universe, but then again we would still be alive so that it's cool).

    2) I'pray' that can happen

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