2009.06.24 WHY 95% OF TRADERS LOSE PART III

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TheRumpledOne
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Postby TheRumpledOne » Sat Dec 19, 2009 5:23 pm

I trademarked "DRAIN THE BANKS".

I just find it humorous that sites like BabyPips and ForexFactory ban me but allow things that I post to be posted by others.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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newschool
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Postby newschool » Sat Dec 19, 2009 7:40 pm

noushina wrote:Jason Zweig. Good stuff. Thanks Avery.

Much of the book can be found at
www.google.books.com
search: jason zweig

Looks like there are 3-5 pages, and then 2 pages removed. This goes on for the entire book. So 2/3 of entire book is available online for free

Or it sells for pretty cheap used from amazon. Think I'll just buy one.


Wich one is it on Amazon? I see many books from Jason Zweig.

EDIT: I see you recommand "the New Science of Neuroeconomics" but there is a new one called "How to Conquer Killer Markets, Con Artists, and Yourself " that might be interesting too.
Last edited by newschool on Sat Dec 19, 2009 8:43 pm, edited 1 time in total.

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newschool
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Re: wy traders lose money?

Postby newschool » Sat Dec 19, 2009 7:43 pm

Paul wrote:http://clip2net.com/page/m0/2828474
http://clip2net.com/page/m0/2828530
http://clip2net.com/page/m0/2828567
http://clip2net.com/page/m0/2828614

Four (4) trading stations from the same provider (metaquotes) but from four (4) different retail brokers.


Please repost the screenshots on something like tinypic, they have been deleted.

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TheRumpledOne
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Postby TheRumpledOne » Thu Jan 14, 2010 10:17 pm

"When your mind becomes obsessed with anything, you will filter everything else out and find that thing everywhere"

http://www.youtube.com/watch?v=BNOQUPmgbnY
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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MightyOne
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Postby MightyOne » Fri Jan 15, 2010 2:27 am

TheRumpledOne wrote:"When your mind becomes obsessed with anything, you will filter everything else out and find that thing everywhere"

http://www.youtube.com/watch?v=BNOQUPmgbnY


GO is an awesome game!

These are the best books to learn how to play:

https://www.amazon.com/s/ref=nb_ss_0_10 ... Janice+kim

I own all of them.

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TheRumpledOne
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Postby TheRumpledOne » Fri Jan 15, 2010 10:29 pm

I prefer RISK. Must be that WORLD DOMINATION thing..LOL!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

franck
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Postby franck » Sat Jan 16, 2010 3:48 am

MightyOne wrote:
TheRumpledOne wrote:"When your mind becomes obsessed with anything, you will filter everything else out and find that thing everywhere"

http://www.youtube.com/watch?v=BNOQUPmgbnY


GO is an awesome game!

These are the best books to learn how to play:

https://www.amazon.com/s/ref=nb_ss_0_10 ... Janice+kim

I own all of them.



more suggestions

the waiting tools ;)

1) draining <h1 bars
http://www.viwawa.com/en_US/game/Big25

2) draining >h4 bars
http://uk.games.yahoo.com/online-games/ ... es_go.html

*pAinfully wAit* bar to bar alerts, and nothing is going to change and anything can happen. it is a choice of greed, fear or relax.
* anyOne can be prOfitable tradING ANY line. see it?

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Why oh why must I sit and cry?

Postby Paul » Sat Jan 30, 2010 4:20 pm

Hi there,

The analysis of gestalt is not creative. Only the syncretistic process is creative. Each time the syncretistic process confronts the figure with the background, the chart candles with the chart background, the realized market with the unrealized market. The candles and the background are equally important. In order to grasp the true market one has to be able to see what is hiding behind the ?empty? background. This ?empty? background is not empty at all. It is hiding various Limit Orders and stoplosses, orders to open positions and to close opened positions, protective orders, Buy Stops and Sell Stops. To crown all, the candles are static, they form a done, a still picture, whereas the background is not static at all ? it is very dynamic. For any given moment of time all the active part of the market is not where the candles are plotted but in the background. Limit Orders are placed and cancelled, placed and modified. The background is a really living and dynamic part of the market. The syncretistic method tries to read out the elements of the market that are hidden to the eye. The syncretistic method tries to grasp the whole of the market by combining the real and visible chart candles with the real yet invisible activity in the background. It resembles moving in a forest where only some of its trees can be seen. The invisible trees, the invisible ground, the invisible bushes constantly change their topology. Very often we know a trap when we are already in it. We know a tree, when we bounce against it. If we concentrate on the gestalt, or the candle work in forex words, we are doomed to failure both as analysts and as traders. If we are concentrated on nothing but the candle work, patterns, formations, figures etc. we will never be able to capture the essence of the forex market (or any financial market). There will always be something missing, unnoticed, ignored in the gestalt analysis. The gestalt approach is unable to sense dangers and risks hiding in the background. It is uncreative as much as most of the forex analyses published worldwide. Scientific studies showed that children up to the age of eight possess a very natural ability to see things syncretistically. As they grow this ability becomes duller and duller, more anxious in draughtsmanship. Much os the earlier vigour is lost. Market education seems helpless to stop this rot. What has happened is that the child?s vision has ceased to be syncretistic and has become analytic instead. The young child may neglect abstract detail, yet his powers of recognition may be superior to the duller vision of the adult. Normally our attention is drawn only by conspicuous features. These alone are then clearly differentiated. The others sink back to form an insignificant ground. Syncretistic vision is impartial because it does not differentiate figure and ground in this manner. Hence it also neglects what to analytic vision would seem important.
Let us not be misguided by various myths about analysts and traders alike. Not everyone can be creative. Their success strongly depends not on the knowledgable part of the job but on their ability to be creative and stay creative. Let us not be overly excited with various knowledgable methods of analyzing and trading. As a rule they will all pertain to the gestalt analysis ignoring the syncretistic approach. The rest is silence evoked by sheer statistics of failures and successes, geographically and racially completely invariant.

Conclusion: Any Expert Advice is doomed to failure in the long run. There is no Artificial Intelligence capable of being creative. Even the existence of AI is questionable as such. Mechanical systems, automata etc are bound to be defeated sooner or later by the creative part of the market.

Paul
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Why oh why must I sit and cry?

Postby Paul » Sat Jan 30, 2010 4:22 pm

Hi there,

The analysis of gestalt is not creative. Only the syncretistic process is creative. Each time the syncretistic process confronts the figure with the background, the chart candles with the chart background, the realized market with the unrealized market. The candles and the background are equally important. In order to grasp the true market one has to be able to see what is hiding behind the ?empty? background. This ?empty? background is not empty at all. It is hiding various Limit Orders and stoplosses, orders to open positions and to close opened positions, protective orders, Buy Stops and Sell Stops. To crown all, the candles are static, they form a done, a still picture, whereas the background is not static at all ? it is very dynamic. For any given moment of time all the active part of the market is not where the candles are plotted but in the background. Limit Orders are placed and cancelled, placed and modified. The background is a really living and dynamic part of the market. The syncretistic method tries to read out the elements of the market that are hidden to the eye. The syncretistic method tries to grasp the whole of the market by combining the real and visible chart candles with the real yet invisible activity in the background. It resembles moving in a forest where only some of its trees can be seen. The invisible trees, the invisible ground, the invisible bushes constantly change their topology. Very often we know a trap when we are already in it. We know a tree, when we bounce against it. If we concentrate on the gestalt, or the candle work in forex words, we are doomed to failure both as analysts and as traders. If we are concentrated on nothing but the candle work, patterns, formations, figures etc. we will never be able to capture the essence of the forex market (or any financial market). There will always be something missing, unnoticed, ignored in the gestalt analysis. The gestalt approach is unable to sense dangers and risks hiding in the background. It is uncreative as much as most of the forex analyses published worldwide. Scientific studies showed that children up to the age of eight possess a very natural ability to see things syncretistically. As they grow this ability becomes duller and duller, more anxious in draughtsmanship. Much os the earlier vigour is lost. Market education seems helpless to stop this rot. What has happened is that the child?s vision has ceased to be syncretistic and has become analytic instead. The young child may neglect abstract detail, yet his powers of recognition may be superior to the duller vision of the adult. Normally our attention is drawn only by conspicuous features. These alone are then clearly differentiated. The others sink back to form an insignificant ground. Syncretistic vision is impartial because it does not differentiate figure and ground in this manner. Hence it also neglects what to analytic vision would seem important.
Let us not be misguided by various myths about analysts and traders alike. Not everyone can be creative. Their success strongly depends not on the knowledgable part of the job but on their ability to be creative and stay creative. Let us not be overly excited with various knowledgable methods of analyzing and trading. As a rule they will all pertain to the gestalt analysis ignoring the syncretistic approach. The rest is silence evoked by sheer statistics of failures and successes, geographically and racially completely invariant.

Conclusion: Any Expert Advice is doomed to failure in the long run. There is no Artificial Intelligence capable of being creative. Even the existence of AI is questionable as such. Mechanical systems, automata etc are bound to be defeated sooner or later by the creative part of the market.

Paul
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xxx

Postby Paul » Sat Jan 30, 2010 4:24 pm

Hi there,

The analysis of gestalt is not creative. Only the syncretistic process is creative. Each time the syncretistic process confronts the figure with the background, the chart candles with the chart background, the realized market with the unrealized market. The candles and the background are equally important. In order to grasp the true market one has to be able to see what is hiding behind the ?empty? background. This ?empty? background is not empty at all. It is hiding various Limit Orders and stoplosses, orders to open positions and to close opened positions, protective orders, Buy Stops and Sell Stops. To crown all, the candles are static, they form a done, a still picture, whereas the background is not static at all ? it is very dynamic. For any given moment of time all the active part of the market is not where the candles are plotted but in the background. Limit Orders are placed and cancelled, placed and modified. The background is a really living and dynamic part of the market. The syncretistic method tries to read out the elements of the market that are hidden to the eye. The syncretistic method tries to grasp the whole of the market by combining the real and visible chart candles with the real yet invisible activity in the background. It resembles moving in a forest where only some of its trees can be seen. The invisible trees, the invisible ground, the invisible bushes constantly change their topology. Very often we know a trap when we are already in it. We know a tree, when we bounce against it. If we concentrate on the gestalt, or the candle work in forex words, we are doomed to failure both as analysts and as traders. If we are concentrated on nothing but the candle work, patterns, formations, figures etc. we will never be able to capture the essence of the forex market (or any financial market). There will always be something missing, unnoticed, ignored in the gestalt analysis. The gestalt approach is unable to sense dangers and risks hiding in the background. It is uncreative as much as most of the forex analyses published worldwide. Scientific studies showed that children up to the age of eight possess a very natural ability to see things syncretistically. As they grow this ability becomes duller and duller, more anxious in draughtsmanship. Much os the earlier vigour is lost. Market education seems helpless to stop this rot. What has happened is that the child?s vision has ceased to be syncretistic and has become analytic instead. The young child may neglect abstract detail, yet his powers of recognition may be superior to the duller vision of the adult. Normally our attention is drawn only by conspicuous features. These alone are then clearly differentiated. The others sink back to form an insignificant ground. Syncretistic vision is impartial because it does not differentiate figure and ground in this manner. Hence it also neglects what to analytic vision would seem important.
Let us not be misguided by various myths about analysts and traders alike. Not everyone can be creative. Their success strongly depends not on the knowledgable part of the job but on their ability to be creative and stay creative. Let us not be overly excited with various knowledgable methods of analyzing and trading. As a rule they will all pertain to the gestalt analysis ignoring the syncretistic approach. The rest is silence evoked by sheer statistics of failures and successes, geographically and racially completely invariant.

Conclusion: Any Expert Advice is doomed to failure in the long run. There is no Artificial Intelligence capable of being creative. Even the existence of AI is questionable as such. Mechanical systems, automata etc are bound to be defeated sooner or later by the creative part of the market.

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