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Is forex gambling?

lastpiponearth
Feb 09 2014 at 09:57
37 posts
It's a game of probabilities. Not all systems work all the time but what you want is to have more winning trades than losing trades. So following volumes and fundamentals can improve the win-loss ratio. My guess is that you don't follow the news as to know why volume would suddenly go out of whack at that precise moment. Sure when using VSA you would not follow the news since it has already been priced in but you would follow the volume since volume would definitely be affected following news release.

forexpipcatcha posted:
lastpiponearth posted:
Volumes follow fundamentals, price action follows volume. Ignore fundamentals and pay the price.

forexpipcatcha posted:
lastpiponearth posted:
Guys if here is a brief history lesson that looks into what influences the markets today:

The Dojima Rice Market and the Origins of Futures Trading

When Tokugawa Yoshimune became Japan’s shogun in 1716, he sought to reform the state’s finances. Rice played an important role in his reforms, since it accounted for 90 percent of the government’s revenues. The shogunate also paid the bannermen (an important group of samurai who formed the civil and military administrations) fixed amounts of rice each year to secure their support

https://disciplinas.stoa.usp.br/pluginfile.php/69204/mod_resource/content/4/CHY%20GED_LS-%23795938-v1-Dojima_Rice_Market_Case.pdf

The History of Japanese Candlesticks

https://www.candlestickforum.com/PPF/Parameters/1_279_/candlestick.asp

https://en.wikipedia.org/wiki/D%C5%8Djima_Rice_Exchange


You have no clue about trading have you...it doesn't matter what influences the market and your money doesn't move the market what matters is that you are on the right side of the move ya dill lol


You could be trading for 2 years or 20 that does not mean you make money from the market dud...you can use candlesticks renko or fib whatever you want to call it, the market does not move according to your bullshit it moves as It wants so it's all about being on the right side no matter what method you use. NO INDICATOR OR CANDLESTICK IN THE WORLD CAN PREDICT the market. Go and look at the 300 pip bars and try predict them using your candleshit lol etc. Everybody has a term and a method so it boils down to picking the direction and making profit.

Off course you can convince me better if you show me 2 years of profits in a live account since you say you've been trading for 2 years. Your problem is you don't know how many years I been around and what I have seen.

lastpiponearth
Feb 09 2014 at 09:57
37 posts
Also, I never said anything about predicting the market outcomes. It's inherently impossible to quantify crowd behavior at that level. Again like I said, its all about probabilities.

forexpipcatcha posted:
lastpiponearth posted:
Volumes follow fundamentals, price action follows volume. Ignore fundamentals and pay the price.

forexpipcatcha posted:
lastpiponearth posted:
Guys if here is a brief history lesson that looks into what influences the markets today:

The Dojima Rice Market and the Origins of Futures Trading

When Tokugawa Yoshimune became Japan’s shogun in 1716, he sought to reform the state’s finances. Rice played an important role in his reforms, since it accounted for 90 percent of the government’s revenues. The shogunate also paid the bannermen (an important group of samurai who formed the civil and military administrations) fixed amounts of rice each year to secure their support

https://disciplinas.stoa.usp.br/pluginfile.php/69204/mod_resource/content/4/CHY%20GED_LS-%23795938-v1-Dojima_Rice_Market_Case.pdf

The History of Japanese Candlesticks

https://www.candlestickforum.com/PPF/Parameters/1_279_/candlestick.asp

https://en.wikipedia.org/wiki/D%C5%8Djima_Rice_Exchange


You have no clue about trading have you...it doesn't matter what influences the market and your money doesn't move the market what matters is that you are on the right side of the move ya dill lol


You could be trading for 2 years or 20 that does not mean you make money from the market dud...you can use candlesticks renko or fib whatever you want to call it, the market does not move according to your bullshit it moves as It wants so it's all about being on the right side no matter what method you use. NO INDICATOR OR CANDLESTICK IN THE WORLD CAN PREDICT the market. Go and look at the 300 pip bars and try predict them using your candleshit lol etc. Everybody has a term and a method so it boils down to picking the direction and making profit.

Off course you can convince me better if you show me 2 years of profits in a live account since you say you've been trading for 2 years. Your problem is you don't know how many years I been around and what I have seen.

lastpiponearth
Feb 09 2014 at 10:06
37 posts
forexpipcatcha posted:
Humans don't determine price movement and never have all they do is trade against each other, you vs your broker.


Again, crowd behavior. If no person would determine price movement where would you get all that liquidity? Do computers or machines own those accounts that go into the millions? Who owns those robots that do the trading? The only difference between a human and a robot is that there is no 'emotion' involved but the robot is still owned by the human who prefers it to trade for HIM hence the human still determines what the robot does.

I'm not sure where you are getting at here but I definitely think you are trolling.

Lastly, if you think that trading is simply being on the right side of the trade without any semblance of an intelligent guess then your approach to trading is definitely gambling.

For me, the indicators are the tools that determine my probability while the price action is my reality. A good trade setup would definitely match my probability with my reality.

forexpipcatcha
Feb 09 2014 at 10:34
325 posts
Its sounds to me that only half your brain is working and the half that's working is always asleep hence why your results and knowledge reflect this lastpipofyourbrainonearth😉

lastpiponearth
Feb 09 2014 at 19:43
37 posts
forexpipcatcha
Feb 10 2014 at 06:12
325 posts
you an expert on trolling aye...must of lived the life of one

lastpiponearth
Feb 10 2014 at 09:53
37 posts
forexpipcatcha posted:
you an expert on trolling aye...must of lived the life of one


Used to be. But I find it absurd someone who *CLAIMS* to have experience trading for such a long time, someone who has seen it all to be hanging around in a forum which usually contain retail traders who trade margin accounts that have high spreads and high transaction costs. Someone who says they know how the markets work yet go in forums like this saying they have the expertise and the real knowledge why some things don't work as they should. Someone who says they are know how to make a market of any asset class that they put their hands on, yet still choose to be in these forums saying shit to retail traders.

Come on, if you have been in the industry for a long time I don't see any point staying here saying retail trading is shit. What about institutional accounts? Turnover? Sharpe ratio? Equity to drawdown ratio? Please there are managed fx accounts there that don't use EAs but use manual trading but why are you here using retail accounts which is obvious because the leverage is 1:400. Most professionals/institutionals would prefer a leverage of maximum of 1:50 or even less.

Show us the real deal.

Anmaric_LTD
Feb 10 2014 at 09:54
61 posts
lastpiponearth posted:
forexpipcatcha posted:
Humans don't determine price movement and never have all they do is trade against each other, you vs your broker.


Again, crowd behavior. If no person would determine price movement where would you get all that liquidity? Do computers or machines own those accounts that go into the millions? Who owns those robots that do the trading? The only difference between a human and a robot is that there is no 'emotion' involved but the robot is still owned by the human who prefers it to trade for HIM hence the human still determines what the robot does.

I'm not sure where you are getting at here but I definitely think you are trolling.

Lastly, if you think that trading is simply being on the right side of the trade without any semblance of an intelligent guess then your approach to trading is definitely gambling.

For me, the indicators are the tools that determine my probability while the price action is my reality. A good trade setup would definitely match my probability with my reality.


Agreed :)

forexpipcatcha
Feb 10 2014 at 10:46
325 posts
lastpiponearth posted:
forexpipcatcha posted:
you an expert on trolling aye...must of lived the life of one


Used to be. But I find it absurd someone who *CLAIMS* to have experience trading for such a long time, someone who has seen it all to be hanging around in a forum which usually contain retail traders who trade margin accounts that have high spreads and high transaction costs. Someone who says they know how the markets work yet go in forums like this saying they have the expertise and the real knowledge why some things don't work as they should. Someone who says they are know how to make a market of any asset class that they put their hands on, yet still choose to be in these forums saying shit to retail traders.

Come on, if you have been in the industry for a long time I don't see any point staying here saying retail trading is shit. What about institutional accounts? Turnover? Sharpe ratio? Equity to drawdown ratio? Please there are managed fx accounts there that don't use EAs but use manual trading but why are you here using retail accounts which is obvious because the leverage is 1:400. Most professionals/institutionals would prefer a leverage of maximum of 1:50 or even less.

Show us the real deal.


I'm not here claiming nor predicting anything nor am I here to show your kind anything nor do I need institutional accounts nor proof of anything to your kind. Your just another one of those who thinks his candlesticks will make him the world. I don't rely on forex to do anything but amuse and entertain me like your lack of intellect.
The best forex performance over many years has only done about what percent per year? ...and you get these fools coming on claiming they have and done so much yet have nothing. NOT ONE ACCOUNT CAN SHOW YOU 5 years of successful trading for a reason they are no different to me lol
I'm not here to make some EA make millions and lie and SCAM everyone like many on here but what I find interesting is that so many like you and Ironbrain come on here claiming they know it all and done it all and can show nothing nor have nothing after so many years hanging around like bad smells.

lastpiponearth
Feb 10 2014 at 12:27
37 posts
Owws changing tune? C'mon show us the goods. I bet you've been from the likes of Goldman Sachs, Deutsche Bank AG, HSBC, BN Paribas, Nomura? Please please please show us loser how it is like to trade like the pros.

I BEG YOU!!!!!!!!!!!!!!!

forexpipcatcha posted:
lastpiponearth posted:
forexpipcatcha posted:
you an expert on trolling aye...must of lived the life of one


Used to be. But I find it absurd someone who *CLAIMS* to have experience trading for such a long time, someone who has seen it all to be hanging around in a forum which usually contain retail traders who trade margin accounts that have high spreads and high transaction costs. Someone who says they know how the markets work yet go in forums like this saying they have the expertise and the real knowledge why some things don't work as they should. Someone who says they are know how to make a market of any asset class that they put their hands on, yet still choose to be in these forums saying shit to retail traders.

Come on, if you have been in the industry for a long time I don't see any point staying here saying retail trading is shit. What about institutional accounts? Turnover? Sharpe ratio? Equity to drawdown ratio? Please there are managed fx accounts there that don't use EAs but use manual trading but why are you here using retail accounts which is obvious because the leverage is 1:400. Most professionals/institutionals would prefer a leverage of maximum of 1:50 or even less.

Show us the real deal.


I'm not here claiming nor predicting anything nor am I here to show your kind anything nor do I need institutional accounts nor proof of anything to your kind. Your just another one of those who thinks his candlesticks will make him the world. I don't rely on forex to do anything but amuse and entertain me like your lack of intellect.
The best forex performance over many years has only done about what percent per year? ...and you get these fools coming on claiming they have and done so much yet have nothing. NOT ONE ACCOUNT CAN SHOW YOU 5 years of successful trading for a reason they are no different to me lol
I'm not here to make some EA make millions and lie and SCAM everyone like many on here but what I find interesting is that so many like you and Ironbrain come on here claiming they know it all and done it all and can show nothing nor have nothing after so many years hanging around like bad smells.

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