Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

The Ultimate Fallacy in Technical Analysis 99 replies

"Technical Analysis Fallacy" thread people, I need your help 54 replies

Technical Analysis Fallacy Redux 23 replies

Statistical analysis fallacy 33 replies

Attachments: Technical Analysis Fallacy
Exit Attachments

Technical Analysis Fallacy

WOW.
I was meditating, until i fell asleep.
Then since the mind was very active.
I had a dream.

I meet with some spaceship and a few aliens.
They had some very interesting metals.
I asked how much?
In usd terms, would theys sell it to me
They told me they not accept, because they not so stupid to give it to me exchange for paper.

The journey must have been very long. time flys when i am having so much fun.
I woke up and its already night time again.

regards

eeeeeer i forgot ask if they accept plastic cards.
eeeeeer Probably not. The oceans is filled of plastic.

Inserted Video


ahhhhh Thank You Peaches Kotaro, very nice.
Quoting fti
They told me they not accept, because they not so stupid to give it to me exchange for paper.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Hi guys,

I have been doing research on the strategies used by online retail currency traders and have found that most of the studies out there don’t seem to focus on retail currency traders or look into them as a section of global currency traders. (Frommel, Hang, & Van Gysegem, 2015) (Neely & Weller, 2011) (Bank for International Settlements, 2011) and (Omrane, Bauwens, & Giot, 2003) are an example of such studies (you can check for the references to them below). The studies shown above represent many studies conducted on strategies used in currency trading that have a general view of who trades currencies.
Although there are some studies that point to online retail currency traders (which I can share in my literature review), they are simply not enough. Especially given the fact that the currency markets are more accessible today and online retail currency traders are increasingly becoming a key part of the global currency trade.

Another problem I found while conducting my research was that lot of research done on trading strategies fails to discuss the underlying reasons for choosing a trading strategy. Studies like Pukthuanthong-Le and Lee (2008) for instance used a database of currency futures from 1975 to 2006 to illustrate the existence of technical trading. Frommel Hang & Van Gysegem (2014) use models to establish a relationship between changing fundamentals and market volatility. Omrane, Bauwens & Giot (2003) look at intraday data within a certain framework and volatility models, to show spikes in volatility as a result of changing fundamentals. These studies point to certain strategies used in currencies but fail to show the underlying reason for their use. Even in studies like Cheung and Chinn (2001) that have a direct approach where they get information directly from surveys carried on institutional traders. The study doesn’t show why traders use certain strategies and not others.
All this has led me to believe that there is a need for information on retail currency traders, especially on the strategies they use and the reason for their use. If we are to move forward and reinvent ourselves there’s a need to understand where we stand and what motivates us.

This has motivated me to carry out a research to better understand retail currency traders, the strategies they use and the various factors behind their use. I believe that as a trading community we should build on our body of knowledge just as institutions carry extensive research on trends on their fields to help them move forward.

References

Frommel, M., Hang, X., & Van Gysegem, F. (2015). Further Evidence on Foreign Exchange Jumps and News Announcements. Emerging Market Finance and Trade, 774-787
Neely, C., & Weller, P. (2011). Technical Analysis in the Foreign Exchange Market. ST Louis: Federal Reserve Bank of ST Louis.
Bank for International Settlements. (2013). Triennial Central Bank Survey: Global Foreign Exchange Turnover in 2013. Basel: Bank for International Settlements.
Omrane, W. B., Bauwens, L., & Giot, P. (2003, March). News Announcements, Market Activity and Volatility in the Euro/Dollar Foreign Exchange Market. CORE Discussion Paper.
Pukthuanthong-Le, K., & Lee, T. (2008). Weak-Form Efficiency in Currency Markets. Financial Analyst Journal.
Cheung, Y.-W., & Chinn, D. M. (2001). Currency traders and exchange rate dynamics: a survey of the US market. Journal of International Money and Finance, 439-471.
Inserted Video



eeeer let me check if i managed wake up already.
wahhhh , another dream?


regards
hi fti, sorry to get involved
actually i don't quite understand what is the problem but priceaction1 have a msg to you through me
"this is priceaction1 chief I want to say sorry!!!! all it was done in good faith"
and i also don't know why i'm doing this, maybe because this is also my first chance to say hello to you
don't predict direction, but dance with flow of water
today's cha cha
Attached Image (click to enlarge)
Click to Enlarge Name: chacha.jpg Size: 240 KB
don't predict direction, but dance with flow of water
Quoting Magnificent7
hi fti, sorry to get involved actually i don't quite understand what is the problem but priceaction1 have a msg to you through me "this is priceaction1 chief I want to say sorry!!!! all it was done in good faith" and i also don't know why i'm doing this, maybe because this is also my first chance to say hello to you
noted. forgiven.

Just to explain.

Mostly we not know each other very well.
But sometimes some personal information and photographs are given in good faith.

Some people use photos of animals or landscape or some pictures they like for their avatars because of privacy.
I can understand why.
This is the internet.

When people use others personal photographs or information gained by social networking as their own for avatars, i tend to be very cautious of them.
Because to me it amounts to impersonating others, like as in thief of others identity.
That for me is rather unacceptable.
I always trust that information acquired in good faith should always be well guarded because if it fell to unscrupulous people, bad things can happen.

I always like be friends with upstanding honourable people.
I find it distasteful, if people use my personal photos or that of my friends for their use as their avatar.
Sometimes people may unknowingly do it.
But is not honourable behaviour.
And it can lead to all sorts fraud.

How would anyone feel if i used their personal photographs as my avatar?
enough said. Honourable people will understand.

Thank you for your becoming messager.
It is noted that there was no malicious intent.
i have unblocked.
i hope this not repeats.

regards
Quoting fti
{quote} I have sat to think how i can say somethings that may be meaningful way answer your question. Generally, markets are driven by many factors. The longer your trade tenure, the more the differing factors comes into play. In the short tenure, the most critical/dorminant factors are the timing factors. In shortest time frames are the buying and selling, which drives the prices. This why you see random walk plays in prices. As time expands, these entry and exits of trades will look like meaningless noise. So many position traders will try filter...


excellent explanation and clear and easy to understand
( by using simple language )
Thank you very much
Trading is all about timing. With or without the bias.

I really like this sentence

Quoting fti
{quote} noted. forgiven. Just to explain. Mostly we not know each other very well. But sometimes some personal information and photographs are given in good faith. Some people use photos of animals or landscape or some pictures they like for their avatars because of privacy. I can understand why. This is the internet. When people use others personal photographs or information gained by social networking as their own for avatars, i tend to be very cautious of them. Because to me it amounts to impersonating others, like as in thief of others identity....
O i see, glad to hear the explanation, also noted
you are very welcome, glad to see you both again
Quoting Magnificent7
{quote} O i see, glad to hear the explanation, also noted you are very welcome, glad to see you both again


Blessed are Peacemakers.

regards

absolutely audiophile. BASSO. Bravo.
Inserted Video
Quoting fti
{quote} Blessed are Peacemakers. regards absolutely audiophile. BASSO. Bravo. https://www.youtube.com/watch?v=yiIAb-80JlM
thank you fti, legendary song
Quoting fti
https://www.youtube.com/watch?v=YjeSsZfwKYg
"this video is private"

Hey FTI, where/what is the tittle of the song that you posted recently, that had something like "count on yourself" in the lyric, I was listening to it yesterday but cant find it now.
Kindly advise please

Rgds

Mandarin song
Fall in love with the process, and the outcome takes care of itself.
Quoting RelaxRay
{quote} "this video is private" Hey FTI, where/what is the tittle of the song that you posted recently, that had something like "count on yourself" in the lyric, I was listening to it yesterday but cant find it now. Kindly advise please Rgds Mandarin song

my friend.This is the internet.
People share their values and attachments in dream like state.
Sometimes its there, sometimes cannot find.
Some people share.
Some people allows. Some people no allows.
Some people are communal , some are commerce.
When is commerce you are expected buy a ticket.
Why you think there is poverty?
Guess who created poverty.
But if its not food, shelter or clothing.
somethings one can live without.

Sometimes have very kind souls comes shares things peeps can live without, just to make ones life more meaningful.
Maybe one cannot find "count on yourself" because kopirights blocked.
If they no allow share, then you find someday , maybe a kind soul may share "count on yourself".

i only takes what the markets gives.
When released, if in 5 years i don't buy it, I probably won't buy it forever.
I don't like eat rotten food. I only drink stuff thats 18 years fermented, and thats infrequently.
Some people like hord billions in banks, then they expires.


Inserted Video


regards
Anyway "count on yourself" Its a myth.
For 18 years from day 1 i counted on Dad and Mom for everything.
1 day without and i would had been non existent.

But the irony is, there is no way repay the kindness.

Inserted Video


regards
Quoting fti
{quote} my friend.This is the internet. People share their values and attachments in dream like state. Sometimes its there, sometimes cannot find. Some people share. Some people allows. Some people no allows. Some people are communal , some are commerce. When is commerce you are expected buy a ticket. Why you think there is poverty? Guess who created poverty. But if its not food, shelter or clothing. somethings one can live without. Sometimes have very kind souls comes shares things peeps can live without, just to make ones life more...
OK, the easy version.
In every INDUSTRY.
Some people create things because they have a passion that drives them do it.
Some people create things because they have training, if they don't then they have nothing else to do.
Some people create things, sells it to pimps and you know what they ultimately becomes.

regards

the easier version.
http://www.brooklynvegan.com/prince-says-rec/
Attached Image
hahahahaha
now i know. Earth farts.
only at the ends?

Inserted Video


regards

oh earth, she is alive.
eeeeer am i like a ti-mite living on its skin?
omg, earth has a pimple.


Inserted Video


Inserted Video
1 trader viewing now