thanks hayseed

Sources of sentiment

Let's agree to disagree

Sources of sentiment

Hi numbnuts, thanks for explaining your approach. I agree, it is important to look at things that other people are also looking at.

Sources of sentiment

The issue I see with that approach is that price is only the result of fears, hopes and actions that were taken in the real world, no matter which asset you trade or invest in. To be able to invest successfully long-term you need to identify the ...

Sources of sentiment

Your criteria might not be enough, but it is a good start. One thing you might want to think about: How history turned out is just one scenario out of infinite scenarios. It might not be enough to just backtest on how history played out to be able ...

How do you define a profitable trading system?

I imagine that the hordes of programmers as goldman are able to write code for a quantum computer. If not them, then google or apple can do it.

Trading and machine learning

Maybe to clarify - such supercomputers cost 10s to 100s of millions of dollars. If they benefit anybody, then the really big players (at least in the beginning). I don't think that machine will always only be a machine. Give it a couple of decades, ...

Trading and machine learning

So, let me get this straight. You don't have any personal money to trade live, you also don't have a license to trade other people's money. I don't understand your question. If I need to explain you how life works, then here it goes: get a real job, ...

Recommend to trade for a living?

I think you are generally right about the technical analysis bit, but I don't think market structure and so on is the answer. Trying to outsmart other traders' behaviour also seems to be a fool's game. In the long-term the behaviour is too erratic ...

Technical Analysis Fallacy

It has always been international - that is the whole point of a currency exchange.

Forex as a Future?

Hi HeyYou, backtests are a double-edged sword. It is so easy to do datamining and optimize a system beyond belief. While it may seem realistic, it is vital to look that you developed a system without falling into the trap of datamining. As you ...

Forex as a Future?

Even 5 to 10% per month is not sustainable over the long-term. If it could be done, we would hear all about it in the news and money would pour into that asset manager. Unfortunately, 5 to 10% a year is more like it for any professional money ...

Forex as a Future?

Sorry blueknight - I am not sure on which planet you live, but typical interest rates for savings accounts in the developed world is below 1% PER YEAR, not per month. If you have above 500k you even have to PAY interest with some banks. If one could ...

Realistic Monthly Trading Profit?

sorry but I must disagree a 100%. Even, if you are a zen master or a robot, you won't get anywhere except at depleting your account. If you don't have a robust trading method that can consistently take money out of the market, you will ultimately ...

Forget Analysis of the Charts, Analyze Yourself!

Hi Dunston, without trying to side-track your thread, I would like to discuss with you how the COT analysis could be used in conjunction with other methods. I basically have two assumptions: The COT analysis makes sense as you can see what the smart ...

Follow the Smart Money / COT Analysis

Studies over multiple decades showing what the annual compounded return was from different technical indicators.

Scientific studies on technicals