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- chucklots replied Oct 22, 2013
What a gullible moron and hardcore fanboy. His shit is rehashed trading axioms and from interviews with profitable traders at best.
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
this just in: On USD/JPY More large 98.00 option expiries NY cut tomorrow - up to USD 1bln Also USD 1bln strikes between 98.45-50, with many between Delta hedging should help to keep pair rangebound near expiries Ichi cloud on daily at 98.65, 200DMA ...
How FX options can affect spot price heading in to expiration
- chucklots replied Oct 22, 2013
Agree 100% on the psych bullshit, but not the discretionary/auto part because the few traders I know who make money all use a discretionary aspect and that's all I can say on that. I know of 0 fully automated profitable traders with no discretion, ...
After years in trading, do you still believe in get-rich-fast BS?
- chucklots replied Oct 22, 2013
Well it's safe to say your a fanboy but he himself said he is a failed trader, proof was posted, now where is the proof he is profitable that's all I want to see, you are the one making assumptions here that he is.
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
"I started trading in 1978. At the time, I was managing a commercial casualty insurance agency in the suburbs of Detroit, Michigan. I had a very successful career and thought I could easily transfer that success into trading. Unfortunately, I found ...
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
So when someone says they trade their own accounts this is assumed they do it profitable and have an edge? Not in my book. He is a psychologist.
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
In one of his books he admits he failed and lost his money. There is one word missing in that line and it is "profitably". I am not saying his books are not valuable. You can try asking him personally.
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
Great post. Technicals alone won't cut it in the long run, there is more to markets than that. This should be clear when nobody can prove this is what they do and use no other info to profit consistently over varied market conditions. The big guys ...
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
This is true... Shame on me.
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
I missed your earlier post on Mark Douglas, which was used in arguments against me here and you rightly pointed out, he himself is not a profitable trader. This should speak for itself. I agree no mindset will make you a profitable trader if you ...
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
I'm glad someone gets it. I am bored as some can probably tell, and enjoy a good argument from time to time. But I must say I am over it now, it's just gone too far.
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
Ok, lol, I should rephrase "this is a simple fact to me" to "This a simple fact". Is that better? Takes me out of the equation. It's not me needing to be right or wrong in this petty argument. Also I think it is fine if you don't like a term and ...
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
Needing to "be right" or "be the smartest" will actually hurt your trading. As I have stated in another post, we are not trading for intellect, we are trading for money. You guys are trying to word fact a different way and disagree with it, for a ...
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
No this is not what a dice player is doing, he is purely gambling, like roulette. Do you know any professional dice players? Unless you have a way of controlling dice and shifting the outcome in your favor than no. Poker yes, Blackjack yes. But at ...
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
Fact is all trading involves prediction. You need an edge, this is clear. Here is where you are wrong... When you buy or sell spot you are implicitly predicting price will go your way. So whether you want to admit this or not, is not my problem. Yes ...
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
Yes you're touching on market mechanics here, I was just stating that you (the trader), when you buy/sell you are predicting it will move your way to profit, just a general statement. I also use the news feeds and market talk but price action will ...
We were fools to believe candlesticks can predict
- chucklots replied Oct 22, 2013
Yes, precisely. When one buys/sells they are directly making the prediction that price will move in their direction. This is a simple fact to me. Some do not like this term I guess, and I have read many say "you don't have to predict, just follow" ...
We were fools to believe candlesticks can predict
- chucklots replied Oct 21, 2013
Yes, but hypothesis, which is another similar term, sounds too scientific for me in trading at first. I like to say "It was an educated guess/hypothesis" when my predictions were wrong
We were fools to believe candlesticks can predictPA is telling. Not the only thing to go by, but very useful. ...
- chucklots replied Oct 21, 2013
I think it's more like... Rule #1: You must be able to forecast/predict market movements if you plan to make any money in trading. I think an *educated guess* is a prediction.
We were fools to believe candlesticks can predict