t/a Market timing versus predicting roulette

foroom lluzers · May 26, 2017

How you predict which entry will be profitable and time the entry , is no better than trying to predict roulette numbers .Most beginner systems are about timing the entry , most beginners lose ,they are taught roulette predicting gambling.

Market timing is the strategy of making buy or sell decisions of financial assets (often stocks) by attempting to predict future market price movements.

Instead try predicting roulette spins on youtube

Here is a thread on what happens , when you try to time the markets.

http://www.trade2win.com/boards/edu...22-what-happens-when-you-try-time-market.html

foroom lluzers · May 26, 2017

80 % of trend breakouts fail in ranging markets.

tomorton · May 26, 2017

Who are you talking to? What are you hoping they will do?

foroom lluzers · May 26, 2017

tomorton said:
Who are you talking to? What are you hoping they will do?

The insane ! Insanity is doing the same thing over and over again ,expecting different results.

Instead of waiting patiently for days on a trade , they will enter a trade often late , they will lose after getting a breakout failure.

tomorton · May 26, 2017

foroom lluzers said:
Insanity is doing the same thing over and over again ,expecting different results.

You mean, rather like your posts?

Seriously though, you could spend the rest of your life cataloguing the million ways to NOT trade. Its up to you of course but is that a really constructive way to utilise your experience?

foroom lluzers · May 26, 2017

tomorton said:
You mean, rather like your posts?

Seriously though, you could spend the rest of your life cataloguing the million ways to NOT trade. Its up to you of course but is that a really constructive way to utilise your experience?

I suppose writing about a sensible way to trade might be beneficial , but the crowd method of market timing and discussing it's perils , is a way to block it from the subconcious .

I am going to start a thread on " trading forex using options a stop" It would show how to trade without timing the markets , swing trading major support and resistance , using patience as the main skill.

foroom lluzers · May 27, 2017

bought egbp stop 200 pips 0.8434 foresight call

This is market timing trading , it does not work most of the time , inless you know the future or what is going to happen next!
The hindsight results traders got 350 ticks in their delusional trades , i did not get them

Why did nobody get 350 pips profit ?I got over 100 and timed my exit very early , but unsuccessfully.

piphoe · May 27, 2017

foroom lluzers said:
80 % of trend breakouts fail in ranging markets.

100% of trend BO's fail in RANGING markets. There, i fixed this for you.

You are begging the question fallacy! A ranging market doesn't break out. or wouldn't be ranging duh:clap:

foroom lluzers · May 27, 2017

piphoe said:
100% of trend BO's fail in RANGING markets. There, i fixed this for you.

You are begging the question fallacy! A ranging market doesn't break out. or wouldn't be ranging duh:clap:

so we trade range breakouts strategy everyday

piphoe · May 27, 2017

foroom lluzers said:
so we trade range breakouts strategy everyday

i'm not getting the joke?

maybe i am dense but i doubt it, consider myself pretty sharp

a ranging market doesn't bo

foroom lluzers · May 27, 2017

piphoe said:
i'm not getting the joke?

maybe i am dense but i doubt it, consider myself pretty sharp

a ranging market doesn't bo

I am taking a swipe at all the gurus genuises ,they write books to preach

"Daily range breakouts"

"opening range breakouts"

"Daily trend breakouts"

"daily tick chart trades"

These strategies are impossible to make money from , they are non workable .The
authors sell the books and keep the money!

Now the are re-inventing the wheel with a new book for trading holy grail.

foroom lluzers · May 28, 2017

Nobel laureate William F. Sharpe and others have alerted investors to the potential pitfalls of market timing ,market timing is generally a difficult game. Using a new measure of investment performance that we call the “roulette wheel” measure

piphoe · May 28, 2017

nobel laureates are academics not traders. they have NO screen time!

foroom lluzers · May 28, 2017

piphoe said:
nobel laureates are academics not traders. they have NO screen time!

We see your market timing every day , you can do it on minute time frames , until you get scalped by the markets.

tomorton · May 28, 2017

Academics have been telling us for years that TA can't work. Of course, the big banks and market players are the ones sending them students and recruiting their graduates and paying for their research, and these firms want to sell us investment services, not see us go DIY. So they sort of would say that wouldn't they?

Even if only 10% of private retail traders make a consistent profit and survive, this success rate proves private retail trading can be profitable through skill rather than chance.

piphoe · May 28, 2017

well said!

foroom lluzers · May 29, 2017

tomorton said:
Academics have been telling us for years that TA can't work. Of course, the big banks and market players are the ones sending them students and recruiting their graduates and paying for their research, and these firms want to sell us investment services, not see us go DIY. So they sort of would say that wouldn't they?

Even if only 10% of private retail traders make a consistent profit and survive, this success rate proves private retail trading can be profitable through skill rather than chance.

Not all t/a works , only supports and resistances on higher time frame work.These give a true area of supply demand.How you trade these areas determines your trading.

More than 95% would make money , if this industry was not infested with losers breeding more losers.The blind are following the blind.

barjon · May 29, 2017

foroom lluzers said:
Not all t/a works , only supports and resistances on higher time frame work.These give a true area of supply demand.How you trade these areas determines your trading.

More than 95% would make money , if this industry was not infested with losers breeding more losers.The blind are following the blind.

Mornin' fl

Actually I don't think the failure rate in trading is much different to any profession where practitioners do not have proper training and experience. Would you trust yourself to a self-taught heart surgeon? Or what success rate would you give drivers who have just passed their driving test jumping into F1 racing without more ado?

Not all trainers are losers and charlatans, but sorting out the wheat from the chaff is not one of the easiest jobs in the world.

As an aside I'd add that I expect 95% of people rushing to the Klondike in the gold rush came back with nothing more than blisters on their hands.

Splitlink · May 29, 2017

barjon said:
Mornin' fl

Actually I don't think the failure rate in trading is much different to any profession where practitioners do not have proper training and experience. Would you trust yourself to a self-taught heart surgeon? Or what success rate would you give drivers who have just passed their driving test jumping into F1 racing without more ado?

Not all trainers are losers and charlatans, but sorting out the wheat from the chaff is not one of the easiest jobs in the world.

As an aside I'd add that I expect 95% of people rushing to the Klondike in the gold rush came back with nothing more than blisters on their hands.

That's the first time I've heard that point of view and it's a good one except that blisters on my backside might be more accurate in my case.

foroom lluzers · May 29, 2017

barjon said:
Mornin' fl

Actually I don't think the failure rate in trading is much different to any profession where practitioners do not have proper training and experience. Would you trust yourself to a self-taught heart surgeon? Or what success rate would you give drivers who have just passed their driving test jumping into F1 racing without more ado?

Not all trainers are losers and charlatans, but sorting out the wheat from the chaff is not one of the easiest jobs in the world.

As an aside I'd add that I expect 95% of people rushing to the Klondike in the gold rush came back with nothing more than blisters on their hands.

We don't allow people to drive without a license , they have to pass the skills and knowledge tests in driving examination.

Why not offer a trading course , an examination and a certificate of competence.You would be doing members pockets a lot of service , you could have saved them millions and got paid for a service.

t/a Market timing versus predicting roulette

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