Intraday Trading is gambling

Jun 14, 2016 at 07:44
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174 Replies
会员从Feb 07, 2016开始   21帖子
Jun 14, 2016 at 07:44
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.
"Slow and steady wins the race"
会员从Sep 06, 2013开始   137帖子
Jun 14, 2016 at 13:54
LOL!
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
会员从Dec 11, 2015开始   1487帖子
Jun 19, 2016 at 08:18
The 15-minute chart at least can give pretty good short-term signals, I would call using it 'gambling'.
会员从Feb 22, 2011开始   4862帖子
Jun 19, 2016 at 10:00
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.

Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.
会员从May 29, 2016开始   2帖子
Jun 20, 2016 at 06:30
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.

Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.

It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.
会员从Feb 22, 2011开始   4862帖子
Jun 20, 2016 at 07:25
Serenity271 posted:
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.

Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.

It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.

I did look at forecast of big bank. They were wrong. For example all of them did forecast EURUSD will go to parity by end of 2015. It did not happen.
会员从May 29, 2016开始   2帖子
Jun 20, 2016 at 08:02
togr posted:
Serenity271 posted:
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.

Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.

It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.

I did look at forecast of big bank. They were wrong. For example all of them did forecast EURUSD will go to parity by end of 2015. It did not happen.

They can't be right all the time.
会员从Jul 08, 2014开始   435帖子
Jun 20, 2016 at 08:20
Serenity271 posted:
togr posted:
Serenity271 posted:
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.

Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.

It's the other way around. Look at forecasts from major banks. The don't have a forecast for the next 15 minutes or the next day. For them it's about what will happen in the next few months or years.

I did look at forecast of big bank. They were wrong. For example all of them did forecast EURUSD will go to parity by end of 2015. It did not happen.

They can't be right all the time.
Keep at it
会员从Jul 08, 2014开始   435帖子
Jun 20, 2016 at 08:21
so why try to claim one is insignificant and the other is the way, many ways to achieve the same goal, especially with something as large as FX.
Keep at it
会员从Mar 04, 2016开始   5帖子
Jun 30, 2016 at 06:36
togr posted:
Trading is about forecast future.

Trading is not about forecasting. It is about waiting for a good move and enter it, hoping it will continue. MM is doing the rest. It is impossible to forecast price moves, they can go up, down or ranging at anytime, and just because a trend appears, it can reverse the opposite because most of the traders entered at this point.
If price goes up, everyone buys so price goes down, etc. No way to predict anything. It is like two people crossing each other without knowing if they cross by the right or by the left.
Just knowing how strong is the move is a way to be right with more than 50% probalility. This is not foecast at all, this is watching what just happened.
会员从Feb 22, 2011开始   4862帖子
Jun 30, 2016 at 07:39
twalk posted:
togr posted:
Trading is about forecast future.

Trading is not about forecasting. It is about waiting for a good move and enter it, hoping it will continue. MM is doing the rest. It is impossible to forecast price moves, they can go up, down or ranging at anytime, and just because a trend appears, it can reverse the opposite because most of the traders entered at this point.
If price goes up, everyone buys so price goes down, etc. No way to predict anything. It is like two people crossing each other without knowing if they cross by the right or by the left.
Just knowing how strong is the move is a way to be right with more than 50% probalility. This is not foecast at all, this is watching what just happened.

Hoping on the wave is forecasting because you forecast that the pair continues move in the direction it is moving.
Based on what is happening now - moving down or up you forecast it will stays so.
会员从Nov 14, 2015开始   325帖子
Jun 30, 2016 at 20:26
Let say brexit happened (as this is the large event fresh in everyones memory), everyone knows there is a huge downward pressure even if it's within one day, same goes for events like a central banker speaking of doing something. Rate adjustments, policy adjustments, important macro numbers like the NFP and so on.

会员从Feb 22, 2011开始   4862帖子
Jul 01, 2016 at 05:16
stian posted:
Let say brexit happened (as this is the large event fresh in everyones memory), everyone knows there is a huge downward pressure even if it's within one day, same goes for events like a central banker speaking of doing something. Rate adjustments, policy adjustments, important macro numbers like the NFP and so on.

Yeah it takes just seconds fro the markets to react to such news.
会员从Jun 29, 2016开始   5帖子
Jul 01, 2016 at 19:43
twalk posted:
togr posted:
Trading is about forecast future.

Trading is not about forecasting. It is about waiting for a good move and enter it, hoping it will continue. MM is doing the rest. It is impossible to forecast price moves, they can go up, down or ranging at anytime, and just because a trend appears, it can reverse the opposite because most of the traders entered at this point.
If price goes up, everyone buys so price goes down, etc. No way to predict anything. It is like two people crossing each other without knowing if they cross by the right or by the left.
Just knowing how strong is the move is a way to be right with more than 50% probalility. This is not foecast at all, this is watching what just happened.

Price goes down everybody starts selling and suddenly the price goes up because the market is dominated by the bears ? what the ?
会员从Mar 04, 2016开始   5帖子
Jul 03, 2016 at 06:14
This is just my way to understand the market. LOL
会员从Jul 13, 2016开始   39帖子
Jul 22, 2016 at 17:44
prakash104 posted:
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.
Well have to agree and it is very important thing to care of. Because trading is not very healthy pastime. We hurt our back spine we get fatter and especially monitors and its eradiation strikes our eyes. But anyway it is the part of the craft so you can only think of a strategy that allows you to save internal resources
sparkerse@
会员从Aug 26, 2014开始   26帖子
Jul 22, 2016 at 23:46
Well ,
Life is gamble .To be born as human is gamble already because You would not know if your life would be better than your dog life or your life can be suck .
Marry your wife is gamble too , you dont know if she would be good wife or she will drive you crazy .
You go to sleep at night is gamble because you dont know you can get up the next morning or you can sleep for good .
Everytime you drive your car on street is gamble ,eating is gamble , drinking is gamble ......
So what the heck wrong with gamble ????
15 minutes or 1 month , 1 year the risk is the same if you dont know what you are doing and dont have money management .
Good luck .
会员从Jul 13, 2016开始   39帖子
Jul 23, 2016 at 15:38
Life is gamble when you have no strategy and no plan for it. When you let things take their course by itself and you do not realize that you have to do something with it while it is only your duty. Before that you need to understand exactly what you want. With the understanding that you have problems and you not satisfied you have to take care of it. Another way it is not surprising that your life is a gamble
sparkerse@
会员从Feb 07, 2016开始   21帖子
Jul 24, 2016 at 12:20
Tombuontien posted:
Well ,
Life is gamble .To be born as human is gamble already because You would not know if your life would be better than your dog life or your life can be suck .
Marry your wife is gamble too , you dont know if she would be good wife or she will drive you crazy .
You go to sleep at night is gamble because you dont know you can get up the next morning or you can sleep for good .
Everytime you drive your car on street is gamble ,eating is gamble , drinking is gamble ......
So what the heck wrong with gamble ????
15 minutes or 1 month , 1 year the risk is the same if you dont know what you are doing and dont have money management .
Good luck .

Yes friend, whatever you said is true.But being a swing trader, I am trading slowly and I have linked my real live account with myfxbook. Also, now I am in a profit of 20% account growth.I am not doing intraday trading.Can you show me your trading results in myfxbook with intraday trading approach.??????
"Slow and steady wins the race"
会员从Nov 09, 2015开始   20帖子
Jul 27, 2016 at 13:50
Tombuontien posted:
Well ,
Life is gamble .To be born as human is gamble already because You would not know if your life would be better than your dog life or your life can be suck .
Marry your wife is gamble too , you dont know if she would be good wife or she will drive you crazy .
You go to sleep at night is gamble because you dont know you can get up the next morning or you can sleep for good .
Everytime you drive your car on street is gamble ,eating is gamble , drinking is gamble ......
So what the heck wrong with gamble ????
15 minutes or 1 month , 1 year the risk is the same if you dont know what you are doing and dont have money management .
Good luck .

This is the best comment I have ever read, Very good, Life is chance, we are risking all the time without knowing if it will be ok or not, But we have to go on with out¡r lifes, There is nothing wrong in Gambling or risking. All or nothing. To live life at is fullest, I think people trying to safe trade are control freaks. There is no fun without a bit of risk in life.
katiane.tomas@
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