Hindsight - Cherry picking - Live calls

darktone

darktone

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What do the the above mean to you personally? And what if any value can we take from them?

Discuss :)
 
Hindsight is great to see where you went right or wrong. This is an excellent method of sharpening up your game.
Cherry pick your instruments that suit yourself and your lifestyle.
As above and make sure your trades on a demo account warrant going live.
 
I'm a long-term trader and I enter trades only by orders set in advance so I don't care if some user of the site calls a live trade or not. But I do want to see a comprehensive set of criteria - something which says, I would buy this or that tomorrow if price does A, B and C.

After that, if A, B and C occur, I don't care whether they personally got in as they said or not, as long as the rationale is good and the outcomes are statistically positive.

What I don't respect is contributors who say I will get in long on this or that if it looks like I can get at least 1:2 r:r. What the feck does that mean?
 
Live calls may be good for a trader to keep a record of trades and exchange ideas with fellow traders, communicate with somebody while trading rather than to trade on his own...

About hindsight trading and cherry picking - can't see any value if it's done by vendors (obviously it's done to impress potential customers). If it's done by good traders, then it's beneficial – analysis etc.
 
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They don't mean anything to me. No 2 moments in time are the same so hindsight just offers smoke and mirrors.

Cherry picking only applies to chart traders

Live calls are pointless
 
Showing hindsight current trades with in/out/thoughts /emotions I think is very important for the community, it shows many technical and psychological facets......, but most importantly it shows generosity from the trader, others will gain from seeing different ways to gain different perceptive....

I am not sure about live calls, if you trade for real, the less the audience the better....
 
From personal experience posting live calls benefited me - personally as a poster - immensely , not sure it will benefit all readers though but i am sure it will benefit some to learn from mistakes ... food for thought .. etc .

Hindsight calls/trades are just masturbation , all gurus rely on them to sell their products and to attract customers , everything looks perfect in hindsight , hindsight is 20/20 . Check Youtube traders for example . I can show you 100 trades in hindsight with 100% win rate and 10:1 RR , easy peasy .
 
tar said:
From personal experience posting live calls benefited me - personally as a poster - immensely , not sure it will benefit all readers though but i am sure it will benefit some to learn from mistakes ... food for thought .. etc .

Hindsight calls/trades are just masturbation , all gurus rely on them to sell their products and to attract customers , everything looks perfect in hindsight , hindsight is 20/20 . Check Youtube traders for example . I can show you 100 trades in hindsight with 100% win rate and 10:1 RR , easy peasy .
Click to expand...

if it's ego related they're, no doubt about it. But vendors're not masturbating, they're using it to sell their products
 
metrader said:
'History doesn't repeat itself, but it does rhyme' - 'chart traders' wait for the rhyming moments & take profits:)
Click to expand...
That's the gotcha. Those rhymes individually have zero relationship with each other. The drivers behind price change are never the same. What you have is random patterns that's perceived by us as repeating when in fact they are not. There are aspects to charts that are reactionary and have more credibility. The problem with those is defining scope of targets and charts alone cannot give meaningful parameters outside guesswork.
 
forker said:
That's the gotcha. Those rhymes individually have zero relationship with each other. The drivers behind price change are never the same. What you have is random patterns that's perceived by us as repeating when in fact they are not. There are aspects to charts that are reactionary and have more credibility. The problem with those is defining scope of targets and charts alone cannot give meaningful parameters outside guesswork.
Click to expand...

:?:by definition a rhyme is a repetition of similar sounding words btw

Can small traders get all the relevant info - what are central banks up to, about big players hedging, buying, selling for whatever reason, politicians' decisions, predicting the future etc. etc. I'm not privy to all that info, so I have to rely on charts and order books. Do you know any other way to make profit out of the price moves?
 
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metrader said:
:?:by definition a rhyme is a repetition of similar sounding words btw

Can small traders get all the relevant info - what are central banks up to, about big players hedging, buying, selling for whatever reason, politicians' decisions, predicting the future etc. etc. I'm not privy to all that info, so I have to rely on charts and order books. Do you know any other way to make profit out of the price moves?
Click to expand...

I know what it is and it makes no difference how it's sliced it is still the same. Small traders can access all the same information large players have you. You need to spend some money on good sources and spend time analysing it. You can back your analysis using good analyst resources just like the big players do. The problem is the majority are too lazy to bother because it requires more thinking, time, and research. Most would rather look at a chart because it's less work and they believe it will yeild the same when it doesn't. Nobody is doubting there are ways to make money trading off charts but there is a cost associated and a reduced capacity to optimise those profits.

Example of some good resources for the forex market that gives you the same info that's available to large players

Free resources

Tradingeconomics.com
FxStreet
Forexlive


Subscriptions

Reuters Eikon ($99 per month)
Analyst subscriptions (you can do just fine with the free ones but this can give further insight)
 
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I think I've seen you somewhere doing fundamental analysis, but didn't pay too much attention to it tbh. Do you ignore charts and just follow the news, rumors and fundamentals? Are you consistent in your profits and how long have you've been doing it?
 
metrader said:
Do you ignore charts and just follow the news, rumors and fundamentals?
Click to expand...

I don't use charts in my trading process. I trade deviations in economic releases or market moving news(intraday) and long term positions. I don't trade rumours, all my work is around fundamentals.

metrader said:
Are you consistent in your profits and how long have you've been doing it?
Click to expand...

I am more profitable using fundamentals than I was trading off charts which I did for 10 years. I went through a process of trying to reduce costs when I was trading off charts. 3 years of mixing technicals with fundamentals reduced the costs but I found the technicals were in fact inherently costly so dropped technicals entirely and have been doing very well since (about 3 years since I dropped them). It's a lot more work but far better in my opinion in that I no longer trade probability I trade shifts in pricing.
 
tar said:
From personal experience posting live calls benefited me - personally as a poster - immensely , not sure it will benefit all readers though but i am sure it will benefit some to learn from mistakes ... food for thought .. etc .

Hindsight calls/trades are just masturbation , all gurus rely on them to sell their products and to attract customers , everything looks perfect in hindsight , hindsight is 20/20 . Check Youtube traders for example . I can show you 100 trades in hindsight with 100% win rate and 10:1 RR , easy peasy .
Click to expand...

Tar

You are watching to much porn..:eek:

Vendors and gurus are not part of this discussion.

Regarding ego we all have one, denying it is childish.

Personally I would like very much seeing how you or others trade; your technical reasons of your entry and exits together with your different motivations. Maybe we could help each other to see what we cannot see....

I do not care if your cherry pick your trades, I will decided for myself if you are honest or not in what you are showing.

Instead this forums is a bit full of not much, always debating whatever using a stop or not, trading technically or Mr Draghi's fart......there is a tendency in trying to destroy only the other perception, which is clearly a sign of mr ego coming to town......after while it gets a bit tiring....
 
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