M B A degrees on t2w

This is a discussion on M B A degrees on t2w within the General Trading Chat forums, part of the Reception category; Originally Posted by piparb I have study 20 years but I get only grey hair... no MBA .... What do ...

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Old Jan 15, 2010, 8:53am   #9
Joined Mar 2007
Re: M B A degrees on t2w

oildaytrader started this thread
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Originally Posted by piparb View Post
I have study 20 years but I get only grey hair... no MBA ....


What do expect?Trying to fight against the rest of the snakes in a snake pit.You are not meant to fight trends , just follow them.

Trading is a very simple business ,it is really so frecking simple , but we as humans complicate things.
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Old Jan 15, 2010, 9:12am   #10
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Re: M B A degrees on t2w

oildaytrader started this thread Most failed traders are like Kama Sutras,they complicate things for themselves, before they blow up.

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Old Jan 15, 2010, 9:51am   #11
 
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Re: M B A degrees on t2w

ODT,
I take it that your bed would be filled with oil
Great post at No. 7 above
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Old Jan 15, 2010, 10:43am   #12
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Re: M B A degrees on t2w

oildaytrader started this thread
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ODT,
I take it that your bed would be filled with oil
Great post at No. 7 above
I like butter on my bed!
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Old Jan 15, 2010, 10:50am   #13
 
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Re: M B A degrees on t2w

butter ??? thats a new one to me , everyone to their own
sure would help to slip in and out easier
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Old Jan 15, 2010, 11:16am   #14
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Re: M B A degrees on t2w

oildaytrader started this thread What are indicators telling you?They tell you what happened in the past,often this has no relevance to where price is going in the future.Imagine yourself using a car indicator after where the turn should be made.Bonkers.

All those S and p and index traders, say price will remain at this level or that level or the following number will come on the roulette.Its gambling not trading.

Price will remain here or won't go there, its caught between two extremes on range trading .Here the risk reward is very low , cause it is caught between two levels, infact it could be 50 /50 coin toss= no edge.In a trend your risk reward ratio goes up. if you pick strong trends.
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Old Jan 15, 2010, 11:22am   #15
 
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Re: M B A degrees on t2w

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Originally Posted by oildaytrader View Post
The best traders are trend followers, traders who just follow a simple set of trend following rules.These rules are entry,exit , stop and reverse based on price. Successful trading is that simple and does not require much intelligence.

They do not think for themselves about trading set ups ,and do not hesitate and are immune to fear and greed cause they know nothing to fear from.No fancy indicators are used by them , just price .


This method has worked for a hundred years.The trend is your friend.
O D T
This is remarkably accurate, oddly
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Old Jan 15, 2010, 12:52pm   #16
 
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Re: M B A degrees on t2w

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Originally Posted by oildaytrader View Post
What are indicators telling you?They tell you what happened in the past,often this has no relevance to where price is going in the future.Imagine yourself using a car indicator after where the turn should be made.Bonkers.
Isn't there a contradiction here? You say that indicators are telling you what happened in the past, but isn't that exactly what trend-following is?

"It's trended up in the past, therefore it will trend up in the future therefore I will buy".

Quote:
In a trend your risk reward ratio goes up. if you pick strong trends.
And how do you pick strong trends?

The strongest of trends come to an end.

How do you know when it's going to end?

I know there are supposed to be technical ways of doing this, which seem to work sometimes, not always, but if it is indicator-based, then it falls into the category of telling you what happened in the past, as you mentioned above, so I don't see how this gets you further forward.


I am currently of the opinion that it's a balance/mixture of technicals and fundamentals, and knowing when to use which, and to what degree. Easier said than done though.
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