You're just another guru, man
I've been following this thread for some time. Suggestion: Stop tearing everyone else down and start putting more effort into writing something substantive. Honestly. I don't read the forums you talk about -- I swore them off a long time ago. But you're approach here is not so different from theirs. You have a point of view. You have a lot of confidence in your point of view. You presume to think that "lessons" are needed. That is all okay. There is more than one way to trade the spot markets. But why do you so jealously guard your personal truths? You pull statistics out of your @$$ as if you have done the studies yourself. 95% this...80% that...etc. You better be ready to prove that stuff the next time around -- and not with some silly anecdotes. (Read: It's all bull.)
Another suggestion: Just concentrate on your trading and be a little more humble about comparing your perspective to those of other traders. This humility will carry over into your trading and, methinks, will make you better at it. Writing from this perspective will open up the conversation to perhaps include insights you never knew you had -- and you get the added bonus of encouraging other traders (like Steve-O above) to share their own in meaningful detail. (Although I am skeptical of any notion that we can accurately gauge volume in the FX spot markets until the next BIS report. Order flows on the day, perhaps, but not volume. Order flows are helpful, in any case.)
I have gone through six pages of cliches, half-assed stats, and self-aggrandizing pejoratives. If you are indeed a pro, I know you can do better.
And by the way, what you thought you coined as "relational" analysis already has a name -- "rational" analysis. (Murphy, circa 1985, I believe.)
Cheers
The Devil's Advocate
😈
