Secret edge , loophole .....

[tar]

I believe that there is no secret edge and there is no static set of rules which will make u money always . I found these posts useful it is in FF from Porkpie :

" Most noobs are taught to trade what they think or see which by default puts you on the same side as the herd. If 95% are losing, what are the chances that a new approach using a variation of the same old defunct concepts using the same old indicators is going to put you on the winning side of the curve?

Making a living in the markets requires that you identify and react to the behaviour of others, not analyzing patterns and using indicators to time trades.

The market makes sure that nobody has a static edge by repeating the same exact strategy. Otherwise, it would get massively exploited with huge capital. If there was such a loophole that developed, it would be quickly closed. If participants instantaneously catch onto it then the price returns to complete efficiency. This action is not created by any individual or specific group, it is the auction itself and all the participants acting in the entirety that create the movement. "

" The bars, indicators, patterns, systems, structure, and action are all driven by what the other party is doing. The other party is the cause and everything else is the effect.

This is why some of the best "setups" you see still often fail to produce winning trades. We use tools and visuals to have context in what we decide to do relevant to direction and timing but the outcome after the entry is made is driven by the other party.

There are no "winning" entries. There are no winning trades that are decided in advance as many would like to believe. It is a game of who has the will to hang in there and who will push the other out. It is a game of poker and a game of chicken. I best compare it to a tennis match in which one player will wear the other down to the point that an unforced error is made.

Many of us are correct in direction and premise on our winning trades but still end up donating to the market. This is the a result of the trader on the other side having the ability to wear us down and force an error. "

"The market cannot be defeated with a static set of rules because it is dynamic. The players have to constently change up the action in order to keep the price fair. Those that play poker will agree that you can not win repeatedly at poker by making the same bets on the same types of hands. Same goes for trading. Either you are going to get pushed out or your opponent is. Successful trading is about engagement with the other traders. You get a random hand each time. Whoever plays the hand the best wins. The player with the best hand is not always going to be the winner.

Judging by all the systems/methods and discussions on FF, very few traders think about the person on the other side of their trade (ok we know its the broker but their prices come from the interbank of competing traders). This is the single most important factor in trading imo and will often decide the outcome of your success. Next time you stick an indicator on your chart, think about what you are doing and why. "

 

[Scotty2Cues]

I found these posts useful it is in FF from Porkpie :
Making a living in the markets requires that you identify and react to the behaviour of others, not analyzing patterns and using indicators to time trades.

I dont use indicators but aren't they supposed to tell you how others are behaving?

Saw "Porkpie" and I thought of "Desmonds" lol

 

[brettus]

I believe that there is no secret edge and there is no static set of rules which will make u money always . I found these posts useful it is in FF from Porkpie :

" Most noobs are taught to trade what they think or see which by default puts you on the same side as the herd. If 95% are losing, what are the chances that a new approach using a variation of the same old defunct concepts using the same old indicators is going to put you on the winning side of the curve?

Making a living in the markets requires that you identify and react to the behaviour of others, not analyzing patterns and using indicators to time trades.

The market makes sure that nobody has a static edge by repeating the same exact strategy. Otherwise, it would get massively exploited with huge capital. If there was such a loophole that developed, it would be quickly closed. If participants instantaneously catch onto it then the price returns to complete efficiency. This action is not created by any individual or specific group, it is the auction itself and all the participants acting in the entirety that create the movement. "

" The bars, indicators, patterns, systems, structure, and action are all driven by what the other party is doing. The other party is the cause and everything else is the effect.

This is why some of the best "setups" you see still often fail to produce winning trades. We use tools and visuals to have context in what we decide to do relevant to direction and timing but the outcome after the entry is made is driven by the other party.

There are no "winning" entries. There are no winning trades that are decided in advance as many would like to believe. It is a game of who has the will to hang in there and who will push the other out. It is a game of poker and a game of chicken. I best compare it to a tennis match in which one player will wear the other down to the point that an unforced error is made.

Many of us are correct in direction and premise on our winning trades but still end up donating to the market. This is the a result of the trader on the other side having the ability to wear us down and force an error. "

"The market cannot be defeated with a static set of rules because it is dynamic. The players have to constently change up the action in order to keep the price fair. Those that play poker will agree that you can not win repeatedly at poker by making the same bets on the same types of hands. Same goes for trading. Either you are going to get pushed out or your opponent is. Successful trading is about engagement with the other traders. You get a random hand each time. Whoever plays the hand the best wins. The player with the best hand is not always going to be the winner.

Judging by all the systems/methods and discussions on FF, very few traders think about the person on the other side of their trade (ok we know its the broker but their prices come from the interbank of competing traders). This is the single most important factor in trading imo and will often decide the outcome of your success. Next time you stick an indicator on your chart, think about what you are doing and why. "

I have a secret edge that has worked for many years and alot of fsb companies are gradually shutting it down. It still works, not all the time but month on month it works and i'm pretty sure it gets hit in size every time there is an opportunity. It's not a massive edge and comes about rarely. fsb companies will lose out on it all the time, but not many punters do it. I'm sure if many people knew about it, it would lose it's edge.

 

[tar]

I have a secret edge that has worked for many years and alot of fsb companies are gradually shutting it down. It still works, not all the time but month on month it works and i'm pretty sure it gets hit in size every time there is an opportunity. It's not a massive edge and comes about rarely. fsb companies will lose out on it all the time, but not many punters do it. I'm sure if many people knew about it, it would lose it's edge.

But it is not a static strategy , it is an arbitrage opportunity which comes rarely then it becomes obsolete ...

 

[brettus]

But it is not a static strategy , it is an arbitrage opportunity which comes rarely then it becomes obsolete ...

It's not arbitrage. It's purely based on volatility. It can be done in the market too. I would say theres a 99% chance of at least one trading opportunity a month.