These places are F O S and ASS/HOLES.All the mfs trying to sell books and training courses , and hand it to noobs on a plate ,and give them the gravy on top with risk free investments.
I think you dont know what real value money have. Its not what you can buy with it. Its how much work the "normal average people" have to do for it: 45hours week and 1,2k ⬠netto - a month..... I think you never have must worked 1 month a fucking stressing job you hated for 1.000,- â¬. Thats the real value of money. Never forget that. Now switch to a successfull business man, who makes minimum 10.000,- ⬠a week. Can you imagine any reason why he would share this secret. If any successfull trader would tell you his strategies and teach them to you, its like giving you free money. I did it once, but this was a special decision, because i wanted to help. "Never forget the real value of money - doesnt matter how much you have". Its the sweat of others people work. Only the hard work of other people, gives money its value. If everybody could be rich, nobody would work anymore and money had a mega inflaition and would be worth exactly what it is - just Paper and ink..........." !!! Who doesnt respect the cent, isnt worth the Euro !!!
Okay, may be this is easy -- can someone please explain step by step if everyone started to follow price action rules, how those signals will lose their edge? For example, say there is a double top. Everyone sees it may be 5 minutes after it's formation. Then everyone goes short, but some earlier than others. As a consequence, the price goes down. Then people start taking profits. Then a higher high is formed, and reverses and a bear flag is presented. Every one sees that and starts shorting again. The price goes down until it hits say the prev day range and it bounces. People see that and exit. The price recovers a little, then goes down and hits the previous low and bounces again. etc etc. In this scenario the edge should not disappear but will be reinforced if more people follow it. This is a common contention of price action followers. Any counter arguments?
1. The pattern you see depends on the timeframe you're trading. 2. In my experience, something easily seen gets countertraded pretty quickly, as in, if it starts to go down because of some obvious pattern, before you know it you'll have a big bar in the opposite direction because.....all those stops need to be taken out. Then it goes in the "obvious" direction, but of course the "pattern" is invalidated now because of that action in the "wrong" direction and.... ...and so on.
Only argument is our livelihood , it disappears because this holy grail edge thing gets suckers paying us for trading education, books , software ,signal scams and may other services. If we continue this edge illusion , noobs can keep looking for it .Hate the risk "could actually hate the risk of trading and losing" Otherwise we all have the same edge, it can not dissappear.
Would have to agree. In the dark ages, it was peasants work and the fields. The knights/soldiers would have to risk their lives defending those fields and the castle from other feudal castle gangs; money exists because it's a way of distributing resources in a civilization (so called). If everyone traded and had an edge that worked, there would be no economy; (or maybe one day everyone owned a robot that did the work for them like Star Wars) Now if we could just get back to the gold standard...(vote Ron Paul)
Lots of stuff like this in the tradestation forums. Lots of sample code in the tradestation console. Lots of video tutorials on the tradestation site. I'm sure ninjatrader is similar and so is traderstudio. However, the particular recipe that may or may not quadruple your capital in a couple years on a particular instrument in certain market conditionz, will remain undisclosed........