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From ForexFactory to myFXbook

TheOracle
Jul 20 2011 at 15:52
175 posts
Hi there folks!

I used to be a regular poster on FF but I just can't stand how they are running things over there anymore. The moderators are going nuts and removing your posts for no reason. I believe they gave too much power to some members (even moderator powers) and those narrow minded people are using their power to their own interest instead of the community interest.

I heard myFXbook is a better community to be a part of, and thats why they are growing and FF is declining.

Well I guess we will see so from now on I'm posting here.

TheOracle
Jul 21 2011 at 03:17
175 posts
I would like to start with a video. Nothing new but as the name suggest, it could well be the most important video you will ever see. if you can really get the concept explained you can apply it to trading, your life, end of the world and everything else.


Ben Scoobert
forex_trader_[921]
Jul 21 2011 at 08:28
276 posts
To be frank, I wouldn't say the community is A+, it is a little quiet, but the analysis is 2nd to none.

As for forums, blind leading the blind. All I use them for these days is programming advice.

TheOracle
Jul 21 2011 at 09:16
175 posts
Yep! I noticed that here is a little quiet Ben but anyways. FF is really busy but full of BS and at the end of the day 90% plus people there lose money. I'm not here to put up a show so if less people read my threads thats ok. thanks for stopping by.

TheOracle
Jul 22 2011 at 00:56
175 posts
Very funny how despite the 'crisis' , a bunch of companies are reporting very good earnings. Even AMD surprised the market with good numbers today. I'm pointing AMD because I have some shares of the company. More and more I get to the conclusion that we live in a matrix where the so called 'fundamentals' are more fiction than reality! thats why I stopped trading 'funnymentals' a while ago. I used to say that I was a 80% technical and 20% fundamental trader. Now I don't even know if 5% of what I see on the news influence my tradings. I really admire people that have the brains to decode what really matters out of so much blah blah blah out there.

Splexin
Jul 22 2011 at 05:00
202 posts

TheOracle posted:
    Very funny how despite the 'crisis' , a bunch of companies are reporting very good earnings. Even AMD surprised the market with good numbers today. I'm pointing AMD because I have some shares of the company. More and more I get to the conclusion that we live in a matrix where the so called 'fundamentals' are more fiction than reality! thats why I stopped trading 'funnymentals' a while ago. I used to say that I was a 80% technical and 20% fundamental trader. Now I don't even know if 5% of what I see on the news influence my tradings. I really admire people that have the brains to decode what really matters out of so much blah blah blah out there.


This prompts me to attach a thought-provoking eBook (free from Elliott Wave International).
Goes through several 'myths' regarding fundamentals and the market.

Enjoy.

Splexin
Jul 22 2011 at 05:03
202 posts
TheOracle posted:
    Yep! I noticed that here is a little quiet Ben but anyways. FF is really busy but full of BS and at the end of the day 90% plus people there lose money. I'm not here to put up a show so if less people read my threads thats ok. thanks for stopping by.

I agree with Ben about the blind leading the blind. As well as the blind leading the dumb. It is not uncommon to see someone who has traded a system on their DEMO account for ONE MONTH try to solicit their 'account management' services. 🙄 I also see a lot of EAs with XXXXX% gains and I just laugh. Completely unrealistic, yet some buy into them.

Ben Scoobert
forex_trader_[921]
Jul 22 2011 at 08:21
276 posts
My level of fundamental interest has fallen to the point where if we get a very fast market move I think 'I wonder what that was!' and I put on a news feed and see what just happened.
Look on weekly chart and see if you can pick out the news stories there, they make little difference to me, my own take on price action is my only entry.

There are a couple of people on the forums that know what they are talking about, but most of them are busy trading and not interested in babysitting.

TheOracle
Jul 22 2011 at 08:42
175 posts
I use to admire karl Denninger ( the market ticker) and his take on the geopolitical events out there. I don't know how good of a trader he is but he definitely can talk fundamentals in a way that impresses me. The problem is that he has a opinion on everything and you can't be right all the time. He embarrassed himself trying to prove that the Obama birth certificate was false. I was one of the few that went against him on youtube because his arguments IMHO were BS.

Basically he deleted my posts without proving me wrong and stopped talking about the subject. I find it really silly when people can't deal with the fact that they are wrong and just shut peoples mouth by deleting their posts.

Anyways it tells me that if he was unable to accept the fact that he was wrong in this small issue, what about the big ones.

Lets say that since than I'm not going to his blog anymore. We all know that traders can't be married to their opinions.

TheOracle
Jul 22 2011 at 09:13
175 posts
Pay attention when the video gets around 3 minutes. I found the cote very important.



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