About profitable systems

Jun 11, 2012 18:23

Fudomyo know your wave Member Since Apr 2009   1,874 Posts

I disagree that profitable systems are shared. Most of everything that appears on the internet has nothing to do with a profitable system.There's the illusion of profitable systems being shared. Like the Sam Seiden stuff, VSA, Market Profile. All of these are not profitable systems. They are glorified dart throwing. Dart throwing always comes with the disclaimer of psychology attached. A profitable system involves a completely different metric than slapping an indicator on a chart or supply demand levels or virgin points of control. A profitable system involves understanding what the actual machine is, the inefficiencies of the machine that are a constant, and how to exploit those inefficiencies as the machine interacts with fundamental forces. Once you understand the underlying mechanics, it isn't something that works or doesn't work under certain market conditions, it always works within an expanded metric of trends and a contracted metric of ranges. When people make statements that systems worked and stop working, it's because they're looking at a minute aspect of market functionality and using some type of historical averaging to guess what price will do next. This is an effect of limited knowledge. It's also is a pitfall of system building because often people spend vast amounts of time trying to perfect things that have limited functionality or trying to learn things that are too wishy washy (like Elliot Wave) For any system to be constantly profitable it needs to be built on constants that are irrefutable under any condition. When someone uncovers this, the logical response is to guard it and make boatloads of money with it. These traders aren't employed by some online school to do webinars like Sam Seiden or hawking software like Tom Williams. They didn't make their money forming institutes like Gann or Elliot, or publishing equally fuzzy tomes on Order Flow. Every business has it's inner workings. A few people who work hard enough to get to the core of it, and thousands more people set up tents around it to sell formulas and recipes. Separating the two is essential to finding the answer. __________________ Alpha is Zero Sum. http://www.forexfactory.com/showthread.php?p=5747681#post5747681