hmm.no edges in the markets

Discussion in 'Trading' started by chimera, Jul 16, 2013.

  1. She is one of dozens that ended up on my promotional sites. No one ever signed up, so I don't remember the compensation plan--- probably 50% or so---- Not to mention I support my friends regardless of their political or trading beliefs.
     
    #491     Jul 25, 2013
  2. I worked inside the beltway at several locations; I usually worked the same turf.

    People used to leave wooden dutch shoes on my desk to add to my collection.

    Think of it as fire fighting.

    ET has the best collection of self sabotage I have every seen. reviewing and debriefing on the latest does become a little humorous.

    MS asks to observe somtething he cannot see. his asks his applicants to submit their personal connecting info and then he says he wants to observe panes with account #'s on them.

    MS proves no one is going to work with him underany circumstances.

    Then super quant supported logician that he is; he issues a white paper of three paragraphs explaining what I do doesn't work. Dave is an aritcle writer for a haywired non entity. As he does so he stand four square on all of his self sabotage.

    So advertizers continue to support this construct. I mean, can they be so twisted that they want to make a buck any way they can? Yes of course.

    You see me as sadistic. Very cool.

    ET is a very funny place.
     
    #492     Jul 25, 2013
  3. LOL! ever hear of a management fee, Skipper? they are standard in most agreements. Mgt fees are payable regardless of performance.

    surf
     
    #493     Jul 25, 2013
  4. this is a beautiful post.

    It has more myths per square vowel than I thought possible to jell into myth compounding.

    Actually I think Larry Harris addressed each myth expounded here. Whew! such a stink!!
     
    #494     Jul 25, 2013
  5. sheda

    sheda

    Yea because not a single trillion bazzillion dollar trader is looking at the charts before he enters the book for a suitable entry position, they only use price drivers which are on their phones, modern hedge/funds dont even have monitors.
     
    #495     Jul 25, 2013
  6. bighog

    bighog Guest

    REALLY!! instant success for a prop firm with THEIR edge. What is that edge besides they make commissions and fees? Prop firms have the grail waiting for anyone to walk in the door. How cool is that?

    Show me a prop firm that does NOT use charts. Fat chance there Bunky! :p

    PS: The real grail to become a winner in a losers game is: "Learn what not to do instead of what to do" Once you learn what not to do, the rest is a cake walk if combined with TA.. :eek:
     
    #496     Jul 25, 2013
  7. I will, surf. Owe the good people at TST one completed 10-day program in here anyways, might as well do the $100k with CL alone since they don't offer TF as a listed product. If TF was an option, I'd be all over that long ago. But we'll work with what we have to work with and go from there.

    [​IMG]

    +62 cents today on the first of four (4) trade sequences that offered >50 cents each. Then I retired and kept what I caught. Should I...

    A: quit while ahead in the combine?
    B: keep trading more signals?
    C: admit this TA stuff is all wild-ass guesswork, and study price drivers instead?

    +212 cents CL thru the past nine sessions, warts and all, one more to go. 4-lots would be about the minimum 8,500 needed to perform... more contracts would be, well, more :cool:
     
    #497     Jul 25, 2013
  8. Good to hear, Austin. Win or lose, you have my respect. For all I know, you may be the only real trader posting on this thread. Good luck to you and please keep us posted!
     
    #498     Jul 25, 2013
  9. If you consider going to the next higher level of skilland knowledge in trading, I would recommend the following:

    1. Reread the post that are just above revgarding the DOM sides sums.

    2. look at how you phrase (from your mind think) statements on best Bid/BestOffer.

    3. Determine 1 and 2 contadict.

    to move forward mentally and skillfully, consider speaking from a "cause" and not from an "effect".

    Your comment "Buyers drove price up" is no possible to use in writing logic or code. Price a dependent variable, is analyzed through the independent variable But tht is not on the table as of now. you have to take a few more steps to get to that level of intellectual concern..

    To step out of the trap you have created, first consider the cause of rising price change. THe profound and basic cause is the minority's control that causes price to increase. It is like how a wing works to lift an airplane.

    A vacuum of sellers is a surplus of buyers is what causes price to change.

    as you see above in poats, the size of the two sume on the bid and ask side is being read improperly. Price moves in the direction of the minority sum. As the balance of equity shifts from equity to imbalance, traders who make money (via price change) keep on the correct side of the market.

    When you code up market sentiment and apply it to a display indicator, it takes a lot weaving together of market contexts.

    A lot of people think as you do and only make it to beginning intermediate in skill.

    you may actually be looking at a display where the platform designer did the sentiment expression and put it on your platform as a highlight indicator. I'll bet it is your bar color indicator that is still screwed up.

    the majority does not control the market. Learn this at some point. All of your colleagues agree with you too. this means you are conversing in a mythical place.

    MS is also so afflicted but worse.

    You have my empathy.
     
    #499     Jul 25, 2013
  10. sheda

    sheda

    Do you think Surf has nightmares in which moving averages chase him like venomous snakes?
     
    #500     Jul 25, 2013