The fad was down so the herd sells (Guru says follow the trend). The herd loses. Always.Originally Posted by ;
The fad was down so the herd sells (Guru says follow the trend). The herd loses. Always.Originally Posted by ;
Everything that you do in the market is *your* responsibility.Originally Posted by ;
I agree
it (the market) only introduces information that you see and what you see depends on how much you have learned about everything there is to see at the market
I humbly disagree
The market is random, so trading results are random. What's essential isn't exactly what the market is doing; it is exactly what you can do with your results (it is the only stable datum)
The market is a vessel filled with total nonsense. A mess that has no rhyme and no reason. Only you can make any sense of this understanding that the data that you believe is that there is information.
Yo forex_fairy... I believe you will need to cool man. Folks will have good and bad things to say, and a few want have pleasure playing with your mind man!Originally Posted by ;
Post #63: https://www.forexforum.co.za/trading...pa-thread.html
Each market is a market market, either active or passive. At a passive auction, the person does not take part in a busy negotiation process but selects from products offered at different prices which make up the range. In an auction that is active, participants negotiate the range. Whether the auction is active or passive, All markets up and down trend or auction in order to fulfill their goal, to ease commerce. In a market, prices do not grow but rather to fulfill the goal of the auction.Originally Posted by ;
The purpose of any market is to facilitate commerce. Lack of trade facilitation causes price to proceed. This price movement behaviour is true in the organized markets as it is in a grocery store or any other market. Therefore, price modifications to fulfill the condition of the market and every price is a result of the condition of the market. The fact that price moves for a specific reason further precludes price from growing in a random manner.
Furthermore, prices are not statistically independent of each other. Price, in moving to meet the condition of the market, supplies an informational flow. Quite simply markets need to generate commerce, and in doing this, prices vary information about where trade has been conducted and at which it is not. This information is valuable to the market player. But true randomness does not generate valuable information. In other words, in statistically random situations, knowledge of the gift is not vital because it communicates no advantage. Understanding of the present structure of a market is significant and can convey an advantage -a market cannot be a random walk.
At a futures market, the day's action is organised: price moves due to the level of each timeframe's participation at various levels of price. The arrangement of a futures market for one day is dependent upon the activity level of the groups. The market grows logically, as price fulfills the need of the market.
The premise of randomness and the efficient market theory assumes that the market - price movement over the years -conveys no knowledge or information.
Those who understand the condition of the market (where price over time is building worth ) are conveyed an advantage from which they can profit whereas those who focus on prices against each other must presume randomness and no understanding.
J.Peter.Steidlmayer Markets and Market logic
Dude, I am trader as well. Nevertheless you need to avoid entering new position on news or exit the position before there is impact news release, especially those which is coming from USD.
For your heads up search for Fed news about rate interest on 16.12.2015. Avoid NEWS on such day as it all might do the identical move, due to speculations all over the world that anticipate Feds to raise the interest. You might consider it as betting on blackjack table where you bet red or black and see where the ball lands anyway if you trade that day.
Dear forex_fairy,Originally Posted by ;
before trading,it is a must to activate your psihic protection.
Thats all.
If you are a technical trader looking at the calendar is important simply to see when to stay away from particular trades.Originally Posted by ;
Lets just say your technical analysis says the market is going up and everything points towards this yet there is some news that could completely ruin your analysis it is important that you read that calendar and to stay away from a trade you would eliminate money on or commerce that news because a fundamental trader.
If you visit my quotes and you are wondering why I put that there here is the reason:
In my opinion there is not anything as a technical or fundamental trader. I think every trader ought to know about both and keep both in mind.
Fine... except Mr. Steidlemayer is wrong. (correct in theory, wrong in practice)Originally Posted by ;
Those who understand the status of the market (where price over time is building worth ) are conveyed an advantage from which they can profit whereas those who focus on prices from each other should assume randomness and no understanding.
==gt;it is not possible to reliably differentiate between price over time building value or randomness
It might well be he is right in concept, and you are wrong in your appliion.Originally Posted by ;
Price over time construction value, is construction, there is nothing arbitrary about the reality where Auction Markets operate.
You make my point....
Individuals who focus on prices against each other need to presume randomness and no comprehension.
Choosing to view the market price to price (linearly 1 dimensionally i.e. bar charts, candlesticks) without changing your data into a 2 dimensional price-time format, is considering the market through a narrow 1 dimensional lens. Value is a variable that is 2 dimensional, and cant be viewed through a 1 lens.
That's why for you it's impossible to reliably distinguish between price over time construction value or randomness
We are both entitled to our own opinions,
that I just didn't want yours to be the sole opinion out there....
Good Luck Happy Trading!