To use chat, please login.
Back to contacts
4xfred_2017
Jan 31 2017 at 07:41
7 mensajes
jimcameron posted:
theHand posted:
Elder selling books for a living, no ?


What does that mean?


He was tarring down the author that posted and then removed their post I believe after TheHand Replied

theHand
Jan 31 2017 at 07:44
365 mensajes
No chance mate. I don't want my methods to be public knowledge. There's serious value in it which I would like to preserve.

theHand
Jan 31 2017 at 07:49
365 mensajes
And I wasn't taking a swipe at whoever the author is. I was simply saying technical analyses is completely and utterly outdated.

I'll give you an idea. I run about 20 systems, 28 pairs per system, lets sat average 30 000 ticks a day. That's 16 800 000 calculations a day resulting in about 60 000 trades a month.

And I'm not even a top tier trader. Some of them are doing up to 1000 orders per second.

jimcameron
Jan 31 2017 at 08:39
20 mensajes
theHand posted:
Means he can't make technical analyses work either or he wouldn't be earning a living from selling his books now would he ?

In an age of robots pitching up to the fight with a ruler and a pencil doesn't cut it. Most technical analyses ideas are over 100 years old. Thing like moving averages for example. They belong to a different era.

Fx pairs have between 20 000 and 40 000 ticks coming in a day. Over 30 pairs, which is the number of combinations in the majors that is over 1 000 000 value changes a day.

I'd say it's far better to study systems than it is to study markets. There's already open source system generators available. Read that slowly. There are computer programs freely available that will generate systems. The guys who use them don't even know what they do.

And you want to read about what ?!


Why do you feel that you always need to give you opinion, why can't you offer help if you can when someone asks for it. The question at the start of this thread was a great question asked by someone at the start of their journey.

The fact that you feel TA does not work for you is irrelevant, not everyone is born a computer genius, the phrase IMHO might be useful for your future posts.

To say that an author is selling books because they can't make a living from trading is obviously wrong, someone can be a successful trader and write a book at the same time, what's wrong with having extra money in the bank?

What not start a new thread about how great you are and that you think TA does not work, I would like to see that.

Can we get back on topic now?

theHand
Jan 31 2017 at 08:58
365 mensajes
I am helping. By not going down the TA route you'll save about 3 to 4 years. That's how long it took me to figure out it doesn't work. And I'm quite disappointed no one mentioned that to me earlier to plant the seed or I would be a lot further than I am today.

I'm not a born computer genius. I just decided to go do the course and spent the time to learn how to code. Once I realised TA is a dead end. At this point being able to code is pretty much a minimum requirement for trading. I'm nothing special, been a blue collar guy all my life. If I can code anyone can.

Sure, some people do sell books to help, but the era of TA has come and gone. Sure people will battle with it for a few more years, but doesn't matter what you do, them moment you put your money in the market my systems will be waiting for you. If it is a zero sum game you are buying my beer.

So instead off letting your ego get in your way, just try to listen. I've done decades of developing. Maybe, just maybe I can save you a few years, like I wish someone had done for me. I don't even know if I would have listened to be honest.

But I am telling you here after 16 years of pain, the quickest way to do fx is to stop trying to predict it and start managing your positions. The moment you do that you start winning.

Don't study the market, study your portfolio.

theHand
Jan 31 2017 at 09:37
365 mensajes
And a thank you for at least trying to help every now and then will be welcome. Ungrateful ****.

I could and probably should just leave you guys to battle TA's for a few years.

jimcameron
Jan 31 2017 at 09:55
20 mensajes
The thread is about books and learning, it is not about if technical analysis works or not.

theHand
Jan 31 2017 at 12:06
365 mensajes
All the threads here are about trading and what works and what doesn't. But what the hell. I suggest reading a Richie Rich comic. There's drawings of money in it. It will help about as much as a book on TA.

If anyone is interested in making money and not joining a book club, I suggest Von Tharp's work on risk management, which is actually quite relevant.

tstw414 (tinasaree)
Jan 31 2017 at 13:22
4 mensajes
Thanks Hand, I'll try to find some text on I'm guessing CPA stuff..
haha any reading suggestions for what your advising is highly welcomed.
Thanks

tstw414 (tinasaree)
Jan 31 2017 at 13:23
4 mensajes
By the way Fred I'm getting to your post links, etc.
Much appreciated!!
Happy Trading

Topic is locked