TZ, I won't argue with you, because there's really no point. This is, therefore, my last post in response to you. My view now is that you're not familiar enough with the nature and the workings of scientific method and peer review. NOTHING, I repeat, NOTHING, is ever SURELY ESTABLISHED in science. The embedded skepticism is the beauty of it and that's why the scientific process works. How many examples do you need of this? Remember the recent case of the proof of Fermat's Last Theorem by Sir Andrew Wiles. Or what about Galileo? There's countless cases in number theory, physics and even that bastard child of the scientific community, economics. So the fact that you're insisting that this study, good as it may be, is the ULTIMATE truth is what I find silly. Secondly, you really have no idea what you're talking when you imply that professionals don't use Fib levels and other forms of witchcraft. As even your study suggests, a lot of professionals (not myself) use all sorts of technical analysis, in spite of professing it doesn't work (I just got a bbg today talking about the 38% fib retracement in DXY). Thirdly, I have no wish to participate in your spat with Amy about her proving her track record. I don't understand what you're trying to achieve and I think you're barking up the wrong tree, given the public forum that these exchanges take place in. Finally, your statement that 'belief, claims and opinion' have no place in the professional trading arena tells me unequivocally that it is you who HAS ABSOLUTELY NO IDEA WHAT YOU'RE TALKING ABOUT. Trading is all about 'opinion and beliefs'. Given all this above I would say that there's just no point in talking to you, because you will never understand. The big difference between myself and you is that, while I also believe Fib levels and other technical analysis doesn't work, I am ALWAYS willing to learn and to try to understand new things. I am also ALWAYS willing to consider the possibility that I am wrong. Good luck to you, though!
I agree 1000%. I haven't checked this thread in days b/c I know there would be mindless rants on it. Forex traders are def. the minority on ET and it's sometimes nice to see what other forex traders are doing... I know this is a anonymous forum, but there is no reason to act sophomoric. Just remember there are many ways to trade profitable and no one way is right or wrong. operator
Any idiot could have made money today but still nice to be right on over 80% of my predictions. Posted last night on other forum. I think I may go over to forex factory as it seems they have the ability to block people from responding to a forum thread I create! It would solve my issue of wanting to share with others but ignore the total morons in the room which have so rudely hijacked this one. If whoever runs Elite Trader is reading this you REALLY need that functionality. What good is a forum if it encourages GOOD traders to leave for not wanting to put up with the idiots? Here was my last night's analysis which you can verify on other thread. The only one I was really wrong about was EUR/GBP as the GBP was often the strongest pair. When wrong ADAPT and go with your REAL TIME tools. Currencies I expect to be strong and want to buy on pullbacks. EUR/USD Buy 1.3317 to 1.3300 and aggressively at 1.3255 NZD/USD Buy .5400 to .5392 and aggressively at .5367 AUD/USD Buy .6700 to .6688 EUR/GBP Buy .9368 to .9342 GBP/USD Buy .1.4150 to 1.4088 EUR/JPY Buy 128.83 NZD/JPY Buy 51.00 AUD/JPY Sell 65.85 to 66.00 Currencies I expect to be weak and want to sell on rallys GBP/JPY Sell 138.52 CAD/JPY Sell 77.50 USD/CAD Sell 1.2587 to 1.2624 USD/JPY Sell 97.50 to 97.66 USD/CHF Sell 1.1550 to 1.1600 Yet again no predictions from MY BIGSHOT trader. Laughing my A$$ off at how SCARED he is to take my challenge. If he was a real trader with an ego based on SUCCESS like I have he would have taken my challenge. What a piker. He may have inherited a lot of money from his daddy who WAS the smart one in his family and somehow thinks his fathers success is HIS success. I can't stand people like that and that's my 'prediction' on that fool. Anyway another day I almost perfectly NAILED the markets and yet this dummy still thinks I'm not a real trader. He must think I just have a crystal ball. I'm sure it really pisses him off to know that he doesn't have the same skills as a woman. All his years of trying to become a profitable trader and get out of the BACK ROOM of these trading rooms and onto the floor have really made him bitter! LOL I'm done with this room for now. I'm going on a vacation too and have too much to do for taxes. Maybe if I just disappear the idiots who think I'm on here trying to sell a service or manage money or whatever will believe that I just really wanted to discuss trading. Too bad for Elite Trader that the morons have discouraged yet another good trader from dealing with their childish bullshit. Here's a nice 197 pip move I caught in GBP/USD. It was my best trade last night and I bought it because I predicted GBP/USD would go up, easy to predict last night of course and real time it was the STRONGEST of all the pairs and thus a no brainer.
Real Bummer. I was really enjoying reading this thread, it's one of my daily reads to gain some insight, and to compare trade directions. Drop me a PM if you decide to move elsewhere.
Quote from amytrade: Any idiot could have made money today You seem to be well qualified but still nice to be right on over 80% of my predictions. You are not right in ANY of your predictions. You are ignorant of RISK-ADJUSTED REWARD. YOUR CLAIMS WITHOUT THE SYSTEM STATS (Sharpe, Sortino, Profit Factor, etc.) ARE VAPID. And again, you avoid any kind of auditing, doing the infantile thing of waving at your voodoo levels as "profitable." Posted last night on other forum. I think I may go over to forex factory as it seems they have the ability to block people from responding to a forum thread I create! Don't let the door hit you on the way out. You can run away to a place, where you can prevent people from punching holes in your delusional paper trades - so what you really want, is no dissenting views to your unsupported claims It would solve my issue of wanting to share with others but ignore the total morons in the room which have so rudely hijacked this one. this thread was STARTED by a moron. no clue of statistical proof, laugh in the face of serious institutional proof that your basis is useless, claim a ton of money and avoid 6 separate requests for proof. If whoever runs Elite Trader is reading this you REALLY need that functionality. What good is a forum if it encourages GOOD traders to leave for not wanting to put up with the idiots? We need functionality to stop idiots like yourself from STARTING threads. You are a newbie trader wannabe with a major delusion as to your capabilities. Yet again no predictions from MY BIGSHOT trader. Laughing my A$$ off at how SCARED he is to take my challenge. For the 6th or 7th time - I said you prove your unwarranted "I make a ton of money" claim AND i WILL FOLLOW WITH ANALYSIS OF MY OWN. You seem to be deaf when it comes to reading. I said this many times, and you just cannot understand basic English. If he was a real trader with an ego based on SUCCESS like I have he would have taken my challenge. You? an ego based on SUCCESS? HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA What a piker. He may have inherited a lot of money from his daddy who WAS the smart one in his family and somehow thinks his fathers success is HIS success. I can't stand people like that and that's my 'prediction' on that fool. I see your abliity to make wild, unsuppored claims is about similar to your delusions that you make a ton of money. Anyway another day I almost perfectly NAILED the markets No, you nailed your brain when you walked into a rock and bruised your forehead, once again. It is leading to wild delusions in your head that you know anything about trading. and yet this dummy still thinks I'm not a real trader. FOR THE SEVENTH TIME, POST YOUR ACCOUNT STATEMENTS. OR USE ONE OF THE 7 AUDITING METHODS I POSTED. STOP MAKING UNSUPPORTED CLAIMS. You are a trader - paper, sim, newbie, self-delusional trader. He must think I just have a crystal ball. I'm sure it really pisses him off to know that he doesn't have the same skills as a woman. No, you are a serious discredit to the female gender and a blot on intellectual thought, everywhere. All his years of trying to become a profitable trader and get out of the BACK ROOM of these trading rooms and onto the floor have really made him bitter! LOL I see your ability to make wild, unsuppored claims is about similar to your delusions that you make a ton of money. I'm done with this room for now. I'm going on a vacation too and have too much to do for taxes. Yes, trying to deduct all your losses Maybe if I just disappear the idiots who think I'm on here trying to sell a service or manage money or whatever will believe that I just really wanted to discuss trading. Too bad for Elite Trader that the morons have discouraged yet another good trader from dealing with their childish bullshit. Another good trader? For someone afraid to get audited to demonstrate account statements after claiming to make a ton of money, from a technique which was easily discredited, your delusions have no limit to their depth. Here's a nice 197 pip move I caught in GBP/USD. It was my best trade last night and I bought it because I predicted GBP/USD would go up, easy to predict last night of course and real time it was the STRONGEST of all the pairs and thus a no brainer. GREAT - I AM SURE YOU WILL BE DEMONSTRATING SUCH TRADES VIA timertrac.com, collective2.com, timerdigest.com, Attain Captial, Theta research, Striker Securities, in case of using blind claims to trades no one can verigy Get lost, Trader Tot
I'm not planning on reading any of the probably retarded replies from those who do NOT believe fibs work for another 20 to 30 days. Getting ready to go on vacation, do taxes, etc so don't need any negativity in my life. I'm testing two other forums and will post the one I feel is better and lets me get rid of the morons who only want to argue what 'academics' say doesn't work. I'm a real world trader. Whatever works and I make pips from is OK to me. I could care less if some MIT egg head who doesn't KNOW how to draw the fibs studies them and can't figure it out and writes a 100 page thesis on why they don't work! Anybody with HALF a brain knows fibs work. This leaves out TraderZones who has proven himself to be a back room lackey. Let me try to explain this so even a dummy like he can understand. When used CORRECTLY, Fibs work 55-66% of the time and when combined with other methods possibly as high as 80%. NOTHING works 100% of the time TraderZones. The only assumption I can think of as to why he says they don't work is because like all other tools they don't have 100% positive results. It's simple. When they don't work you lose 10 to 15 pips. When they do work you catch 30, 50 and sometimes 100+ pip moves. Simple money management is HOW people like me and so many other traders make money with them. Here's an example of both the LOW of the day being predicted by the 1.382 Fib Target, the first pullback after the move up hit the 38% fib retracement and then market rallied up and it reversed at the 1.382 Fib Target 3 for 3 in this example. But yeah Fibs don't work. I really have a hard time understanding HOW people become as dumb as TraderZones. He must have been dropped on his head as a baby.
You're not missing much, I skimmed through it and it's just more of the same drivel saying the same regirgitated nonsense over and over and over....shame he wasted all that time and effort, lol Anyway have a great holiday and thanks for this thread! Despite being in this game for a while I've found out there's always something new to learn, no-one ever knows it all! Bon voyage
OK, dummy as you like to use the term: FIBS WERE NOT TESTED "55-60% OF THE TIME." THEY WERE TESTED OVER A LONG TIME PERIOD UNDER MANY MARKET CONDITIONS. THEY DID NOT BASE IT ON 3 or 4 EXAMPLES AS YOU LIKE TO USE AS YOUR IDEA OF PROOF. WHY DOES THE VACUUM CLEANER INSTALLED BETWEEN YOUR EARS HAVE SO MUCH TROUBLE GRASPING? YOU ARE THE PROTOTYPICAL IDIOT THE STUDIES DON'T ONLY TEST THE 40-45% OF THE TIME THAT THEY "DON'T WORK". THEY COVER 100% OF THE TIME - IT IS A LARGE SAMPLE, NOT SELECTED SUBSETS AS YOU SEEM TP PREFER. ALL POTENTIAL TRADES. THAT DOESN'T LEAVE ANYTHING FOR YOUR TRADER TOT MIND TO TRADE ON. FIBS DON'T WORK. IT DOES NOT MATTER WHEN YOU GIVE 2 EXAMPLES TO SHOW THE OPPOSITE. OR CONTINUE TO HAVE BELIEF AND FAITH IN YOUR NEWBIE PAPER TRADING. THE OTHER FORUM YOU QUOTE DESERVES YOU. THEN YOU CAN MUZZLE ANYONE WHO CHALLENGES YOUR BELIEFS WITH FACTS OR EVIDENCE GO BACK TO YOUR OUIJA BOARD
Amy, just add TZ to your ignore list. TZ, can you please just go away? You add nothing to this thread.
No-one minds skepticism and healthy debate, it's what forums are all about, but this TraderZones character just repeats the same garbage ad nauseum! He's a great source of entertainment though, you can see he's getting angry when no-one is taking any notice of his drivel, he starts writing in BIG capitals! It's funny to watch...