Anybody else almost scared to go Long?

Forums ProRealTime English forum General trading discussions Anybody else almost scared to go Long?

Viewing 15 posts - 151 through 165 (of 169 total)
  • #246579

    The two Relavant Supports in S&P.

    You see..

    #246604

    REDs Days coming…

    #246605
    JS

    Phew, how terribly annoying this is…

    #246640

    Phew, how terribly annoying this is…

    What is annoying ?
    Red Days ? Or Red Days prediction ? Or the ability to predict reversal ?

    #246670

    Cristal Ball prediction… It was right again 🙂
    8h time frame and daily.

    #246680

    Phew, how terribly annoying this is…

    What is annoying ?

    Red Days ? Or Red Days prediction ? Or the ability to predict reversal ?

    it would be possibly less annoying (or not annoying anymore) if prophets would show how much of real money they are losing/making with their prophecies over relevant period of time (let’s say last 12 months). otherwise what’s the purpose of regularly publishing them? I can imagine two purposes:

    • one advertises/sells his bots (seems not to be your case, at least not yet)
    • one is kind of obsessed by “being right” (and by showing it)

    yet “being right” (in terms of having high hit-rate) with market predictions usually is contrary to making money in the business of trading markets. whether one is really right/wrong is shown not by the frequency of  winning/losing trades, but by growth/annihilation speed of your account, which is obviously the result of how much chips you lose with losing trades and how much you obtain with winning ones. one can be winning with 70-80-90 out of 100 trades and go bankrupt still. on other hand one can lose with 70-80-90 out of 100 trades  – and flourish.

    1 user thanked author for this post.
    avatar JS
    #246762

    I don’t think Trump does it on purpose. He had talks with the trading houses. If there were any serious concern over Trump and the market one would have heard comments from the trading houses and traders.
    I think they all agreed the market needs to cool down for the right reasons for the long term benefit. Rather market movement which is “controlled” in way than a sudden bad market crash.  Yet the brokers/banks try not to let it go to low to create panic worldwide.

     

    #246768

    one advertises/sells his bots (seems not to be your case, at least not yet)
    one is kind of obsessed by “being right” (and by showing it)

    yet “being right” (in terms of having high hit-rate) with market predictions usually is contrary to making money in the business of trading markets. whether one is really right/wrong is shown not by the frequency of winning/losing trades, but by growth/annihilation speed of your account, which is obviously the result of how much chips you lose with losing trades and how much you obtain with winning ones. one can be winning with 70-80-90 out of 100 trades and go bankrupt still. on other hand one can lose with 70-80-90 out of 100 trades – and flourish.

    I will never sell any strategies/bots because i agree with you :
    – either they do really earn huge amount of money, and then why should i sell them ?
    – either they make little amount of money or not regularly, but still are winners (not enough for living), and then i can understand renting them as it can help having more money or at least more regular money. But as i have a good job, i don’t need to rent any bot for living.
    – either they don’t work or don’t work anymore and then it is a scam, and i don’t want to scam anyone.

    So am i obsessed of being right ? I would say no, as i know the Market is always right and i don’t have enough money to make it move in my desired way (if i had any). And i also know that winning rate is not the Graal, and that high win rate does not mean much money at the end (it is mean reversion strategies Vs trend folling ones).

    I will maybe show the results of my strategy in the future ; all i can say now is that the goal is 100% increase of the capital per week!

    Why i post predictions ? I’m just testing my Cristal Ball indicator in higher time frame.

    I know you don’t believe at all in indicators (maybe you have not the good ones or you don’t know how to read them ? Even if i somehow agree with you, most of the indicators are only garbage)
    What would you think of this one above which print those signals (arrows) in real time (no back paint or repaint). Buy/sell signals and also take profit ones that can be filtered to keep only the “good” ones, as same technique used to spot reversal can be used to spot choppy markets…
    It works the same in any time frame and any asset. Here it is US500 15min time frame

    #246808

    I will maybe show the results of my strategy in the future

    yep, please do so. I mean don’t show here your backtest (or “trading” on demo-account), but real trading results after relevant period of time, at very least 6 months, ideally 12.

    all i can say now is that the goal is 100% increase of the capital per week!

    this attitude makes you more than perfect client for retail trading industry, so investment banks and brokers, because that is exactly what they want/need: folks with unrealistic expectations with maximum of their capital trading at maximum frequency. I hope you understand – or soon will figure out, that trading which doubles capital in one week very probably wipes out the account in the other week. but nobody, not me and probably not the others will be able to convince you about that in advance. everybody needs to figure out on them own what is “realistic expectations”, everybody needs “to go through the fire” and “grueling pain” (I am quoting here JS and coincatcha from other posts).

    Why i post predictions ? I’m just testing my Cristal Ball indicator in higher time frame.

    sorry, for me this is not logical explanation about why you post your predictions here in the forum.

    I know you don’t believe at all in indicators (maybe you have not the good ones or you don’t know how to read them ? Even if i somehow agree with you, most of the indicators are only garbage) What would you think of this one above

    it’s outraging that I don’t have good indicators and feel really a bit stupid not being able to read those which I have (had). being such a dumbass I developed (after many exchausting years of investigations) systems which are same dumbass like myself, using just price and time as variables/inputs. I can imagin that some “indicators”/inputs which are derived/calculated not from price series might be of value, like sentiment or traded volume, but so far I did not add them to any of my systems, major aim being to keep trading logic as painfully simple as possible.

    I can’t really tell anything about “your” indicator, which prints those arrows on chart you attached. looks like it’s buying/closing shorts when prices are dropping and selling short/closing longs when prices are rising. well – that is the opposite of what I think would make up a competetive approach.

    cheers

    justisan

    #246825

    Go for it, Justisan. You’ve got the whole forum dying to see your algorithms. Mine can be seen and tested.

    I’ve been awake for days wondering if you’ve posted your results and screenshots of your algorithms, but no, nothing so far.
    I’m even taking anxiolytics.

    #246826
    #246827

    Short-term Relevant Supports Nasdaq.

    #246829

    This is the last time I’m writing.

    this prophecy which had huge chances for comming true got broken after only six days… and still continues to break apart. yet nobody can stop serious prohets from foretelling – and salesmen from selling 😀

    #246831

    I can’t help it, your comments are so funny.

    #246913

    Today will tell the truth. It can be a really huge selling day (be careful with BTFD).
    If my analysis is rigth then the close of the weekly candle will return at its lowest and even lower…

Viewing 15 posts - 151 through 165 (of 169 total)

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