Further to my last post. I'd like some existential nihilism. Where can I buy some? (note: Just because you can't buy it doesn't mean it doesn't exist)

Admit it - your profits are based on luck

Please let me clarify. Luck in the superstitious sense does not exist. No right thinking individual believes it does. However there is an element of random chance in everything. This is what I was refering to when using the term "luck".

Admit it - your profits are based on luck

Agreed. The word gamble for some is a four letter word.

Admit it - your profits are based on luck

Uncertainty, and therefore "luck", is demonstrable at the most fundamental levels of existence. Without it we loose free will, a tennet which is required for any functioning society, I'm sure you'll agree. The crux of this argument is that some ...

Admit it - your profits are based on luck

I guess which specific definition you chose depends on your own risk tolerance. And I do believe that all forms of business involve a gamble. However the free dictionary definition was obviously concoted by a grade A moron, as it uses the word ...

Admit it - your profits are based on luck

No you are wrong. That is still gambling. Please look up gambling in the dictionary.

Admit it - your profits are based on luck

You do gamble. Look up gamble in the dictionary. Peace.

Admit it - your profits are based on luck

Hi Vantage, This is great to see. I've been trying to concoct something similar to this myself. I've just been looking at highs and lows of candles and ignoring closes.(Trying to negate the use of market orders). Also I've been looking at using 4hr, ...

Higher low, lower high system

It is well known that prices exhibit diurnal tendancies. We all know that vol is greater during London. This is just a case of attribution bias and wish thinking gone mad.

Planetary Cycles Trading (EUR/USD)

Don't want to cause a big debate or anything (unless it stays reasonably friendly). Nevertheless Pluto is now considered to be Kuiper belt object. Although of course it was once considered a planet. I guess the OP started this thread for a laugh ...

Planetary Cycles Trading (EUR/USD)

Phuk me Pluto changed direction! And to think for all those billions of years its just been orbiting the same way round. Anyway pluto is NOT A PLANET!!!!!!!!!!!!!!!!!!!!! So you arent even talking about planetary cycles.

Planetary Cycles Trading (EUR/USD)

My tea leaves say go long.hmmmmmmm?

Planetary Cycles Trading (EUR/USD)

Were still up since the London open though. And weve broken out of the high side of the previous 4 hourly range. Thoughts?

EURUSD

Would you all agree that if this blows to the upside we have a very low risk high reward situation?

EURUSD

ATR is 100% reliable its just a statistical measure afterall. I like to use ATR 24 or multiples of it on the hourly, for obvious reasons. I think ATR settings should be fairly short or we defeat the object of applying the measure at all.

A Question re ATR

Thats why I need a million to be able give away a shrimp!

The DIBS Method... No Free Lunch continues

@lostinspace: He's sayin how do you know your "better way" is better if you admit the inherent flaws in backtesting and indeed forward testing. Yes, statistical assumptions have a certain validity but the market sructure which your system is founded ...

Admit it - your profits are based on luck

Three statisticians go hunting. When they see a rabbit, the first one shoots, missing it on the left. The second one shoots and misses it on the right. The third one shouts: "We've hit it!"

Admit it - your profits are based on luck

Theres a shrimp waitin' on me barbee for ya when I make me first million! (Sorry couldn't resist)

The DIBS Method... No Free Lunch continues