It won't work. Look how unsuccessful the Napstex site was. Currency metrics aren't verified by anyone. You'll have a bunch of idiots compiling data. You'll base decisions of incorrect information. The problem with Wiki sites is that you don't ...

Wiki-Currency-pedia

You're crazy, dude.

Robot trading

I'll argue back and say that you never know when the regression to the mean will happen. A strong trend can keep the price off of a moving average for weeks at a time. As for curve-fitting.... if indeed the market is truly random (which I don't ...

Market Inefficiencies Thread

I'd like to see you start a thread on this study you are conducting. The problem with this approach is "curve-fitting." You can have a completely random data set (the market) and find what appears to be an "edge" with an indicator that would have ...

Market Inefficiencies Thread

A lot of people on this forum claim to have profitable TA setups. How can I argue with them if they are making live profitable trades with TA? All I can say is that I believe markets are random, and have no predictive qualities. That doesn't mean ...

Trading like a child

In all fairness, I am going to step back for awhile and watch your progress. In my humble opinion, any TA based "predictive" system is doomed to fail over time. BUT That does not stop me from saying good luck and best wishes.

Trading like a child

Well, the point is that the savant will always do "the right thing" based on whatever information he is presented with. But even his high IQ can not save him from the chaos that he is surrounded by. So, in effect, our savant will have success from ...

Trading like a child

With my scientific goggles on, let me share my analogy of this thread with you. Suppose you ask a 21 year old savant to enter the hottest bar in Hollywood, CA. (not temperature-wise... I'm sure you get it.) Now our savant is extremely intelligent, ...

Trading like a child

As Dick Vitale used to say, "GET A T.O.! GET A TIME OUT, BABY!" Let's step back before you give congratulations and ask what the risk to reward ratio is. To be honest 38 trades w/ o a loss is very doable by most people.... especially if you are only ...

Is it luck or what...35 trades w/o losing?

I don't fault the guy for trying....

Trading like a child

Random pullbacks happen as often as continuations.... you've done a marvelous job of showing where the strategy works, not where it doesn't. Entering on those will give as many losers as wins, because the market is random.

Trading like a child

Good point. Too bad dreams don't make pips.

If I win 10 million a day

Your friend doesn't tell you that your sample size is too small at this point to have any confidence in what pairs work best. With those huge take profits, isn't the rollover premium eating you alive? Are you moving stoplosses to compensate for ...

Robot trading

I doubt you'll ever have that problem. Why even entertain it....

If I win 10 million a day

What you call an edge, I call gambling.

Market Inefficiencies Thread

You are trading forex: You should have fear. Let me repeat that: You should have fear. Because forex doesn't have any exploitable weakness, you should always be prepared to lose. Those so called "professional" traders might get lucky for a few ...

Overcoming fear in forex trading, advice needed.

If you have the guts to trade real money with a system, you should look at it like I do.... You are walking through a mine field. In fact, perhaps we should stop calling ourselves traders and start calling ourselves minesweepers. Like the Windows ...

Technical Analysis Fallacy

Did you sneeze?

the key to the mint

Hate to split hairs with you, but the antonym of randomness is order. And in order we find patterns and elements of predictability. I will say the best we can do is trade news releases with a straddle, and even that isn't always predictable.

Is the market random or not ?

"Gamble." Exactly.

Is the market random or not ?