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All forex traders need to understand this

  • #1
  • First Post: Feb 9, 2010 8:31pm Feb 9, 2010 8:31pm
I came across a post from Joab on elitetrader:

The forex market (Brokers charting platforms) are NOT real but manufactured therefor, you are basing patterns of human behavior on NOTHING but a computers algorithm not reality.

It's the equivalent of trying to understand love by having sex with a rubber doll.

Your wasting your time !


Any comments to the statement?
It's my price or no price at all!
  • #2
  • Feb 9, 2010 8:41pm Feb 9, 2010 8:41pm
Quoting 4extool
I came across a post from Joab on elitetrader:

The forex market (Brokers charting platforms) are NOT real but manufactured therefor, you are basing patterns of human behavior on NOTHING but a computers algorithm not reality.

It's the equivalent of trying to understand love by having sex with a rubber doll.

Your wasting your time !


Any comments to the statement?
If that is the standard of posts at elitetrader, then don't use up the valuable minutes of your life visiting there.
  • #3
  • Feb 9, 2010 8:45pm Feb 9, 2010 8:45pm
But human behaviour repeat itself again and again?

The million dollar question- What is your trading 'edge'?

If you can identify whether bears are in control or bulls are in control, you will be on the right side of the trade.
  • #4
  • Feb 9, 2010 8:48pm Feb 9, 2010 8:48pm
Even if its real or not real, who cares. There is plentiful of opportunities to make money and have some shares from the market only if u know how to harvest from it.
  • #5
  • Feb 9, 2010 8:49pm Feb 9, 2010 8:49pm
Oh god, there gonna make me have sex with a rubber doll, OMG....I can't handle the pain....

Jim
  • #6
  • Feb 9, 2010 8:58pm Feb 9, 2010 8:58pm
Quoting jimbnc
Oh god, there gonna make me have sex with a rubber doll, OMG....I can't handle the pain....

Jim
It might female doll Jim...don't worry about your cherry!
It's my price or no price at all!
  • #7
  • Feb 9, 2010 8:59pm Feb 9, 2010 8:59pm
Oh thank god.....WOOOSHHH....
  • #8
  • Feb 9, 2010 8:59pm Feb 9, 2010 8:59pm
Quoting 4extool
It might female doll Jim...don't worry about your cherry!
Oh Thank God......Woooosh......
  • #9
  • Last Post: Feb 10, 2010 2:43pm Feb 10, 2010 2:43pm
Quoting 4extool
I came across a post from Joab on elitetrader:

The forex market (Brokers charting platforms) are NOT real but manufactured therefor, you are basing patterns of human behavior on NOTHING but a computers algorithm not reality.

It's the equivalent of trying to understand love by having sex with a rubber doll.

Your wasting your time !


Any comments to the statement?
First comment would be that this person doesn't know the your vs. you're difference. What an idiot.

Secondly, they don't seem to grasp that all charts from various brokers and even from the interbank reflect the exact same movement minus a few minute differences associated with different counterparty transactions. Even the god damned CME currency futures contracts chart virtually the same.

All said, the guy is a moron and has no clue what he is talking about. I am dumber for having read his statements.
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