very interesting stuff, from someone who has been through the school of hard knocks in trading but i wish he would stop that music it makes it hard to concentrate on what he's saying.
Maybe this isn't quite relevant, but we seem to be good a predicting the future when it concerns people we know or our pets, etc. We get that way from familiarity with humanity in general and loved ones in particular.
This to me, is analogous to general understandings that markets "behave" in certain ways and the same follows for a particular commodity, analogous to the behavior of an individual.
It may be safer to assume that the markets behave more like wild beasts, and less like people.
In your explanation, you're insinuating that the drive upward starting from the 2nd week of December 2008 towards this most recent high on December 18th was attributable to or the assumption that the market was unpredictable & that no one could know what would happen.
My statements are about prices in general in relation to the unknowable variables that will affect future price. There are highly probable variables, none of which I have covered in any of my videos yet. That daily chart was only for display, and I was not specifically concerned with it nor am I now. I do not trade the daily chart so I do not care much about it other than intra-day setups.
There was a logical explanation for why the EUR/USD moved upwards with great momentum. The EUR/USD was in a trading range, buyers & sellers were battling for control of market direction, resistance was collapsing, the sellers argument was becoming less & less credible, after this occurred the buyers influence & authority was so great that sellers could not easily contain it(bullish sentiment) until the sellers regrouped at a more profound area of resistance, the high of 1995.
I don't mean to insult you, but this these videos cover "market basics" and are designed for total beginners. I only have 10 minutes at a time to get a CLEAR point across. How many beginners would really understand things, if I gave them your explanation? While I understand the logic of the move perfectly, I am not concerned with confusing beginners with that crap yet. I am covering things from a different angle first.
I kind of like the music, keeps me more focused actually. I can never concentrate on just one thing but the music here was perfect to fill up whatever spare concentration that would otherwise keep me from listening properly :D
Thank you for your comment cartekk, I do enjoy the music, the guy that programmed it is "Fuego" thats all i know about that... It is funny how music if it is right, can help you focus.
I 100% agree with what trading is about! Totally match & psychology, not indicators. Good video about the basics of trading, but next time I would turn the music down a bit because it was distracting.
Thanks stockhunter, that is exactly what I wanted to know. I will turn the music down a bit in future episodes! I thought it might be distracting, but I wasn't sure it it was just me or not. Thanks again and merry christmas!!
very interesting stuff, from someone who has been through the school of hard knocks in trading but i wish he would stop that music it makes it hard to concentrate on what he's saying.
TheLinspec 2 years ago
Maybe this isn't quite relevant, but we seem to be good a predicting the future when it concerns people we know or our pets, etc. We get that way from familiarity with humanity in general and loved ones in particular.
This to me, is analogous to general understandings that markets "behave" in certain ways and the same follows for a particular commodity, analogous to the behavior of an individual.
It may be safer to assume that the markets behave more like wild beasts, and less like people.
palermo131 2 years ago
In your explanation, you're insinuating that the drive upward starting from the 2nd week of December 2008 towards this most recent high on December 18th was attributable to or the assumption that the market was unpredictable & that no one could know what would happen.
mayo367 3 years ago
My statements are about prices in general in relation to the unknowable variables that will affect future price. There are highly probable variables, none of which I have covered in any of my videos yet. That daily chart was only for display, and I was not specifically concerned with it nor am I now. I do not trade the daily chart so I do not care much about it other than intra-day setups.
orionmachine 3 years ago
I believe you do not need to know what will happen to make money trading. You are welcome to your own beliefs.
orionmachine 3 years ago
There was a logical explanation for why the EUR/USD moved upwards with great momentum. The EUR/USD was in a trading range, buyers & sellers were battling for control of market direction, resistance was collapsing, the sellers argument was becoming less & less credible, after this occurred the buyers influence & authority was so great that sellers could not easily contain it(bullish sentiment) until the sellers regrouped at a more profound area of resistance, the high of 1995.
mayo367 3 years ago
I don't mean to insult you, but this these videos cover "market basics" and are designed for total beginners. I only have 10 minutes at a time to get a CLEAR point across. How many beginners would really understand things, if I gave them your explanation? While I understand the logic of the move perfectly, I am not concerned with confusing beginners with that crap yet. I am covering things from a different angle first.
orionmachine 3 years ago
I kind of like the music, keeps me more focused actually. I can never concentrate on just one thing but the music here was perfect to fill up whatever spare concentration that would otherwise keep me from listening properly :D
cartekk 3 years ago
Thank you for your comment cartekk, I do enjoy the music, the guy that programmed it is "Fuego" thats all i know about that... It is funny how music if it is right, can help you focus.
orionmachine 3 years ago
I 100% agree with what trading is about! Totally match & psychology, not indicators. Good video about the basics of trading, but next time I would turn the music down a bit because it was distracting.
StockHunter20 3 years ago
Thanks stockhunter, that is exactly what I wanted to know. I will turn the music down a bit in future episodes! I thought it might be distracting, but I wasn't sure it it was just me or not. Thanks again and merry christmas!!
orionmachine 3 years ago
No prob, merry christmas to you also.
StockHunter20 3 years ago