Originally posted at forexfactory on Dec 27, 2010
Quote:Originally Posted by watchtower4xSometimes I think IFR Markets is just messing with my mind trying to get me in the herd to create liquidity opposite the way the big boys are moving.They used to be more detailed giving specific strategy at each S/R level. Now they are more general and not as useful.More importantly, I don’t think they can be trusted.
Does anyone have a track record on their positions? I was thinking it might be interesting to follow their calls and save them for later right/wrong analysis.
If you think they are trying to get you into the herd to create liquidity opposite the way the big boys are moving, then you just need to fade that and problem solved. In reality it is nowhere near so clear cut. They have various tools there for different types of traders, use whatever you think is of value and the rest ignore(or come back to at a later point). As for a track record on their positions who cares really? Are you buying a signal service? Are you wanting a news service? They are very different.
The goal of many insanely profitable traders is to take various inputs and develop their own trading signals that no one can take away from them. So if you were depending on the IFR service for signals and they went away tomorrow what would you do? The ideal scenario is to use their service as a way to help you place trades, but not the only way, not the only input so if they were to go away, you could find an alternative/ still be very profitable.
They can’t mess with your mind unless you let them. There is a lot of information there and it can be easy to be overwhelmed and frustrated and wonder just how to make sense of it. If after all, they are messing with your mind and you are suffering such pain you can always take some time off or stop reading their news feed.