Fundamentals are not bunch of crap. They work and they ultimately determine big trends (just look at intrest rate expectations, thats most important thing in forex in long term) but they have too many variables in them (manipulation included) so its ...

Where is the EDGE in trading? The most important thing in trading!

Nubcake said it perfectly. Take his advice and think about it. I actually feel sorry for you on the other hand. Telling people that their mumbo jumbo system into which they put 5 years of life doesnt work is like telling little kids that Santa isnt ...

Where is the EDGE in trading? The most important thing in trading!

Excatly!! And this is why it cannot be used to predict future, and definitelly not in a short term. There is no logic behind this nonsense of TA,PA... In my opinion this mumbo-jumbo was created to give traders the "imaginary" magic tools so they ...

Where is the EDGE in trading? The most important thing in trading!

For the past few years it has worked perfectly. Despite having had more than 60 accounts closed this is the easy way to make money. But i agree its not sth i want to do for next 10 years as there is no need to be limited if you can expand. Sorry but ...

Where is the EDGE in trading? The most important thing in trading!

What you said only applies to long term trading. On short term scale forex is pretty much random.

Where is the EDGE in trading? The most important thing in trading!

There is no need to waste thousands of hours to do any research if you use common sense. 90% of traders are loosing money and 90% of traders are using TA. Do the math yourself

Where is the EDGE in trading? The most important thing in trading!

This is easy to explain. 1) number of trading months is only 3. Not much to proove in 3 months and less than 500 trades. 2) number of robots participated was over 1300. How many finished in positive balance? Less than 100. By the sheer law of ...

Where is the EDGE in trading? The most important thing in trading!

Logical for you or logical for market? Becouse market doesnt move according to TA indicators. They just follow it to "say" where market has been. U dont have to give away your system but you could try to explain the logic behind it. Why does it ...

Where is the EDGE in trading? The most important thing in trading!

This is your argument for the proof that TA does work? U cannot use straw man arguments. One trader would be ok. So far i havent seen any. And im over 4 years in this biz. Systems which work need to have a logic behind why they work. TA doesnt ...

Where is the EDGE in trading? The most important thing in trading!

I dont think so. Thread was opened with intenetion to share ideas about what works and WHY it works. It can be helpful to some traders. Whats the point of message boards if not for sharing knowledge? Actually at the moment im very sucessfull but ...

Where is the EDGE in trading? The most important thing in trading!

You see this is the problem. Nothing MUST happen. You are saying that "If this happens than that will happen if not than it will go other way." Basically....if if if...no clear sense of what might happen. Commitment of traders report. Very useful ...

Where is the EDGE in trading? The most important thing in trading!

I have nothing against it but i find it completly useless becouse it does not make any predictions in trading. Just few more remarks -all the best traders in the world dont care about TA. Some of them use it to confirm their signals but only as last ...

Where is the EDGE in trading? The most important thing in trading!

Wouldnt it be much better to use some extra clues here? Like COT data, market profile, ticks data(for stocks), volume? Sth that actually makes sensible predictions. Trading price action alone can hardly provide any edge. Where do you base your logic ...

Where is the EDGE in trading? The most important thing in trading!

Hi, thx for your post. I complety agree with you. Random patterns in charts are completly arbitrary. You said " Certain times of day consistently have higher volatility than other times as just one example." Yes, this is the kind of edge, but it ...

Where is the EDGE in trading? The most important thing in trading!

To proove the point. If u have an argument than in order to support it you need to provide some proof. Otherwise you cannot argue that u have magic strategy when you dont even know why it should work. Btw, im not asking you to proove anything, i ...

Where is the EDGE in trading? The most important thing in trading!

If you just say it without providing some proof i simply dont beleive you. No offense but ive heard too many of such "sucessfull traders" yet none of them could justify the claims. Wrong. I never ever used TA in my life.It never made sense to me ...

Where is the EDGE in trading? The most important thing in trading!

Hehe. Alot of bitching and no valuble point at the end. You didnt say anything useful except repeat classical money managment rules. Anyone who took some online course can say that. And with money managment alone you CANNOT be profitable. You can ...

Where is the EDGE in trading? The most important thing in trading!

True, but you can always learn to trade. Thats not a problem. However you cannot learn to have an edge, you need to get it from somewhere.

Where is the EDGE in trading? The most important thing in trading!

Actually the casino does know that in a long term they are going to win so they dont care about that specific gambler. It follows from the law of large numbers. They have an edge in the rules of game(roulette for example where there is 0 it gives ...

Where is the EDGE in trading? The most important thing in trading!

Yes i forgot to mention 1:1 ration in my case. Any strategy that brings profit must have at least 51% edge after W:R ratio is included. I agree and thats correct. Can you gve an example of strategy for some market that has prooved to have an edge?

Where is the EDGE in trading? The most important thing in trading!