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Technical Analysis Fallacy

  • #61,441
  • Apr 14, 2020 9:53am Apr 14, 2020 9:53am
Quoting DavideCash
{quote} AI - whatever AI - works when there are patterns In trading there are NO patterns You can find something if you follow the book, this is why I talked about a a bottom-to-up architecture adding layers of AI capable to react with flexible swings to the least relevant change of wind in the volume / open interests / ticks distribution. There is math and not the basic linear algebra or high-school calculus in that. But this moderator thing takes hours before publishing my damn posts
While you were going through the moderator, I was watching an instrument (Fx Spot Pair) and making some pips manually. I.e., feeling pulse and dancing.
I'm happy to participate on the Fti's thread where we discuss trading by human beings
As I wrote, IMHO, everything robotic will be exploited in the end.
Not to Advance is to Fall Back
  • #61,442
  • Apr 14, 2020 10:00am Apr 14, 2020 10:00am
Quoting fti
{quote} Don't bang him zoran. You used to work for clearing house. He's trading nikkei 225 osaka. Is not easyvfalsify his clearing statements. Unlike otc forex. He has a 3 alphabet trade callsign just like me. That means he own his own trading seat in the exchange. (exchange member) You are looking at a professional trader. Regards
OK, ok, just that he said he's trading out of his bedroom, kind of threw me off..... Now, everyone is trading from their bedroom...
  • #61,443
  • Apr 14, 2020 10:06am Apr 14, 2020 10:06am
Quoting Zoran
{quote} OK, ok, just that he said he's trading out of his bedroom, kind of threw me off..... Now, everyone is trading from their bedroom...
Exchange Computerised trading platform.
Open outcry is nearly extinct already.

They didn't say complete.
He trading from his bedroom in his castle.


Regards
  • #61,444
  • Apr 14, 2020 10:34am Apr 14, 2020 10:34am
Quoting DavideCash
{quote} You need to have timely and precise liquidity information in the microseconds environment cause you need to build a bottom-to-up architecture adding layers of AI capable to react with flexible swings to the least relevant change of wind in the volume / open interests / ticks distribution. I will ask him to publish his results and share with you guys, if anyone of you is interested or just curious.
Pls. No start black box here.
Thanks.
Regards
  • #61,445
  • Apr 14, 2020 10:41am Apr 14, 2020 10:41am
Quoting Zoran
{quote} OK, ok, just that he said he's trading out of his bedroom, kind of threw me off..... Now, everyone is trading from their bedroom...
hi Zoran, good to see you around after a long time.

covid has forced everyone to WFH. i much prefer a different type of "work" when i am at the bedroom
WFH is a good arrangement for me at the moment. i get to keep my salaried job + i get to focus my mind to trade the stock market at the open. what more could i ask.
THE ALL is MIND; The Universe is Mental
  • #61,446
  • Apr 14, 2020 10:46am Apr 14, 2020 10:46am
Quoting fti
{quote} Many ways skin a cat. Still only 1 way eat it. I handheld short sword strategies. Ie. Skillsets and mindset training. 120k, my it budget at banks exceeding 5 mio per annum 1980s usd ppp, running long sword stats trading. So tell me about 120k. Cannot even get my server room up. No talk coders, hardware and support. But i started on apple 2e and visicalc in 70s. Before that i has 4 staff plot giant charts in my chart room at the bank. 1 major 1 artist on 20x10 feet sliding panels in my conference room/ chartist room. Regards https://youtu.be/Yiaar8RaM0o...

if i closed my eyes to the video, i would have thought i am hearing a new language

but wow, they seems have very good calm mind and hearing.
THE ALL is MIND; The Universe is Mental
  • #61,447
  • Edited 12:41pm Apr 14, 2020 11:20am | Edited 12:41pm
Quoting Jacque
{quote} hi Zoran, good to see you around after a long time. covid has forced everyone to WFH. i much prefer a different type of "work" when i am at the bedroom WFH is a good arrangement for me at the moment. i get to keep my salaried job + i get to focus my mind to trade the stock market at the open. what more could i ask.
Good to see you are still here Jacque, lots of benefits WFH, I used to do it a lot when I was working.....one being, you don't even have to be home... but now it's different with covid... not so much freedom
  • #61,448
  • Apr 14, 2020 12:57pm Apr 14, 2020 12:57pm
Quoting fti
{quote} I repeated more than 7 times already. You wasn't paying attention. Next time if i show, i wear bikini. Regards
hehe.

... am i supposed to wear..tho......eeeeee no.

i am ok with what you already taught. i no need or have halicopter money.
  • #61,449
  • Edited 2:15pm Apr 14, 2020 1:04pm | Edited 2:15pm
Quoting pannet1
cant understand why individual can't like an institution. am i missing any point {image} CMP is Current Market price of one share, which is INR 250 (USD 3 approx) one share is 1x above
bec, institutions are others money managers. I think long sword is about managing money with decent profit so that wealth management biz as a whole survives.
maybe FTI can teach if we show him monies in T.
  • #61,450
  • Apr 14, 2020 2:28pm Apr 14, 2020 2:28pm
Our friend has already given enough....

yet some want more.... it has been made very clear that long sword is not for retail...

also it has already been given more than once, no wonder Fti did not post for a couple of years...


fti quote...


Repeat.
Instruments is not strategy.
Long sword is strategy. Model strategy.





really you still think there is a magic bullet/grail thing out there just because big guns can play games?????????? look at YOU...YOU may just find something...

please give our friend some respect and accept what a professional is telling you!!!!
-be careful about what you allow to be put in your mind-
  • #61,451
  • Apr 14, 2020 2:40pm Apr 14, 2020 2:40pm
Quoting phil13
Our friend has already given enough.... yet some want more.... it has been made very clear that long sword is not for retail... also it has already been given more than once, no wonder Fti did not post for a couple of years... fti quote... Repeat. Instruments is not strategy. Long sword is strategy. Model strategy. really you still think there is a magic bullet/grail thing out there just because big guns can play games?????????? look at YOU...YOU may just find something... please give our friend some respect and accept what a professional is telling...
Thank you my friend.

Regards
  • #61,452
  • Edited 2:56pm Apr 14, 2020 2:43pm | Edited 2:56pm
Quoting antmindset
{quote} bec, institutions are others money managers. I think long sword is about managing money with decent profit so that wealth management biz as a whole survives. maybe FTI can teach if we show him monies in T.
You know nothing about managing treasurys and your opinion is ob.

Long sword is, about managing 100s dealers located in 5 regions in multiple time zones who use multiple market access by 1 manager hedge risk thru his back office exposure reads.

Regards

You cannot tell difference between hedge strategy from risk management.
You buy srll as market customer and you want to act like you wholesale?
Ok explain to me what means primary dealer?
  • #61,453
  • Apr 14, 2020 2:48pm Apr 14, 2020 2:48pm
Quoting fti
{quote} Who is they? What is they? What is they quakifications? Here we only concerned about us. Impulse waves can occurs only in impulse wave. Only wave 3, 5 are impluse waves. Wave 1, 2 and 4 are reversal/retracement waves. Whats a channel count? Longkang(drain) ? Elliot said that? Some drainage peeps thinks everythings gone down the drain.
Hmmmm ok we should be concerned about our books.
I was reading Elliot Major Works book and it came out about the parallel lines/channels.
Maybe i should read deeper, might not be his initial studies.
i confirm dowan my moolah into the longkang

Quoting fti
{quote} For most of you chartist, You people are so lazy spoon fed. I showed you i use 5 min charts in forex. Computer chart programs have 1 min 5 min hourly 4 hourky daily weekly monthly charts. Truth is this all bullshit. They con you. But you too lazy to know. For forex 5 mins charts is ok. Generally takes about 5 mins to finalise a transaction. In equities if you use 5 mins charts you are stupid. If you trading bullion, if you using 5 min charts you are a moron. So how do you know what your time axis should be for what you are trading? I believe...
The time axis for trading would it be related to the speed of the market?
Fast market hourly and daily, slow market daily and weekly.
So maybe fx because of the high volume and speed we actually look at 5min and hourly?

and that long sword stuff that you mentioned.. wow those jargons are intense..
but just to clarify it's used to hedge the position?

Regards.
  • #61,454
  • Edited 3:14pm Apr 14, 2020 3:03pm | Edited 3:14pm
Quoting fti
{quote} You know nothing about managing treasurys and your opinion is ob. Long sword is, about managing 100s dealers located in 5 regions in multiple time zones who use multiple market access by 1 manager hedge risk thru his back office exposure reads. Regards You cannot tell difference between hedge strategy from risk management. You buy srll as market customer and you want to act like you wholesale? Ok explain to me what means primary dealer?
Thank you FTI.

Customer buy from Primary dealer when market is going up, making dealer short. and vice versa. Primary dealer knows duck zones and ther eis a rubber band effect because of that in direction of the trend. They are very well capitalized as maket can keep ballooning their books in one direction. But time is of no consequence for them, but capitalization is.
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  • #61,455
  • Apr 14, 2020 3:16pm Apr 14, 2020 3:16pm
Quoting j4f
{quote} Hmm... So maybe fx because of the high volume and speed we actually look at 5min and hourly? ? Regards.
Have you seen a 1 minute forex chart before?
Do you know what didferences you will see in a 1min vs 2min vs 3 min vs 4 min vs 5 min vs 6 min vs 7 min chart?
How you know that the voli mean sd is at 5 min. Maybe is at 7 mins.
If you can't find the mean sd at 5 mins your next chart is hourly. Only a stupid smart kid will do that.
He no have the data feed accuracy and
Because he cannot code the chart drawing properly. Hes not a trader hes a confuser programmer who never made 1 pip in the markets before.

You think you can find coders who had successfully traded before?
You wish.
Give him a surgeon's scakple investigate you stomach.

Regards

By the way there many of em lurking here. But still no clue what to do.
Cockkududeldoo., any old cock will do.

Every piece had been given em. Only thingy is how the fuc king assemble a working one.
Hahaha tgat they call the holi grill secret.
I call it no experience.

Give a wrong man the right tools and the tools all works in a wrong way.
  • #61,456
  • Edited 4:19pm Apr 14, 2020 3:33pm | Edited 4:19pm
The butterfly.
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  • #61,457
  • Edited 4:16pm Apr 14, 2020 3:45pm | Edited 4:16pm
Quoting antmindset
{quote} Thank you FTI. Customer buy from Primary dealer when market is going up, making dealer short. and vice versa. Primary dealer knows duck zones and ther eis a rubber band effect because of that in direction of the trend. They are very 5ywell capitalized as maket can keep ballooning their books in one direction. But time is of no consequence for them, but capitalization is. {image}
Ya very ckever. Post what i say primary dealers do.

I ask you what meaning of primary dealer.
Not what his blotter is like.

Your scorpion. It controls you.

A PRIMARY DEALER IS THE MARKET'S MARKET MAKER. WITHOUT WHICH YOU HAVE NO MARKET OR PRICES.

Forex asia zone used to had 7 primary dealers.
Mukundan(BCI), he was the king market maker usd/dmk.
And don't ask what is usd/dmk.
It was the world's #1 traded currency.
He had a sidekick named fred(CITICORP).
Kono san(BOT) was #2.
  • #61,458
  • Apr 14, 2020 3:53pm Apr 14, 2020 3:53pm
Yes, i knew but ..sorry.
  • #61,459
  • Apr 14, 2020 4:27pm Apr 14, 2020 4:27pm
i think you knew this hong kong guy if he is big fish, otherwise

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  • #61,460
  • Apr 14, 2020 4:28pm Apr 14, 2020 4:28pm
Quoting antmindset
Dear FTI, Could you please review ? i tried counting EW wave. regards, Grasshopper {image}
Waste time
Cannot even start correctly.
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