The market is a complex thing made up of many particpants. So when you say what caused the change in direction, it has already been answered. Price movement is due to orders and liquidity being consumed by orders. That's the result of traders and ...

Technical Analysis Fallacy

What's the difference between your position being 0, and your position being closed? To me what you have said is that when a trade goes badly, rather than use a pre-defined stop loss, you just exit manually. That's fine of course. I was wondering ...

Do you believe this market is random?

As I told you, it's orders that move price. What you have stated about lots of volume being traded and price not moving means that there were lots of orders placed, and they were absorbed by other orders leading to very little movement. That doesn't ...

Technical Analysis Fallacy

A stop loss is not the problem. If you have a bad trade you can exit manually before the stop loss has been hit and in most cases it's probably a good idea to do just that. The stop loss is there for a sudden move, some breaking news for example or ...

Do you believe this market is random?

I asked one question. Think about the student who goes to school and asks one question on his first day and is told to get out of class, lol In terms of what drives price, it's people (or algos) placing orders which move price. There are a ...

Technical Analysis Fallacy

If you don't use a stop loss, what measures do you have in place to control your risk? Do you purchase options to cover the downside, or have lots of backup accounts in case broker or connection go down and you can't exit manually? What exactly do ...

Do you believe this market is random?

You're right, just changing the risk reward alone won't make you profitable. Be aware though that the people saying this may not realise they are wrong, so don't be too harsh. For example if you monte carlo simulate equity curves for a system with ...

Do you believe this market is random?

The "hey you here, come and buy a tea" is a statement and not a question. Can easily understand why someone might not like to be commanded. An author of a book is often required (or has someone else do it for them) to write a synopsis on the back or ...

Technical Analysis Fallacy

You typically don't know the exact reward you will get from a trade. It may run a long distance it may not. There's no reason to get out of a trade that keeps going your way. However, when referring to risk:reward ratios, I believe that we are ...

Do you believe this market is random?

Yep. I think those dumb customers need to take a fair amount of the blame too though. I mean no trader here would just log on and click buy without at least seeing a bid/ask

Is anyone here an institutional trader?

250 pips on only 2 yards? Was it a very thin day?

Is anyone here an institutional trader?

I agree with what you've posted. You need to take tools and use them in your own way as you have said. The tool alone is inanimate, it can't 'work' on its own, it needs you to make it work. As you progress you realise that what you thought was a ...

Do you believe this market is random?

I have decided based mainly on the response from fti, that this thread is not for me. If questions are considered rude, then this is not a welcoming place or a place to learn something. Thanks anyway for your response.

Technical Analysis Fallacy

Ok, some valid questions. Some statistical analyses suggest that the market movements appear to be not so different from a coin flip, say 50-50. That's fine. Your conclusion that it means it IS a coin flip and we can't find an edge is not a valid ...

Do you think statistics work in trading?

Base salary for most traders is not that high, so you're relying on being very good and getting a massive bonus. Prop trading has declined significantly in recent times and even execution trading is being pushed to algos more and more. It's not a ...

Is anyone here an institutional trader?

A lot of learning a language comes outside formal education, you learn as a baby from your parents for example. You learn a lot by doing it. The same is true in trading, and the good news is you can do it for free on a demo account. You can backtest ...

Do you believe this market is random?

Hi Jacque, thanks for the post. Are you from Hong Kong? All my Hong Kong friends use lah at the end of sentences I was just wondering the state of the thread. Are things still being discussed with regard to the opening post, or is it just a place ...

Technical Analysis Fallacy

You were rude, I was not. It is a strange environment when a newcomer asking a polite question is accused of being rude. I don't feel it rude to ask on a 2000+ page thread what the summary is. I have of course read the initial posts, but some other ...

Technical Analysis Fallacy

Seems like this thread has been going on for a while. So what is the consensus here regarding Technical Analysis?

Technical Analysis Fallacy

If you want an answer to this you have to define what you mean by random. If you mean that at all times it is 50-50 to go up or down, then no it is not that type of random. We have proof it is not by the staggering returns of various traders that ...

Do you believe this market is random?