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RE: Trading Analysis? - Circle Jerking Charlatans - or guys that offer value? @gavvet and @jrcornel
About 60 people hold 90% of a currency ... charts and lines become obsolete because the degree of confidence is trended to zero. Ask the for a measure of Standard Deviation on their lines of regression and they will either stare back blankly or go puce.
This might help explain a little reality: Steem Price
Perhaps in certain crypto coins. However technical analysis is a good tool to use. My issue is that both of these guys have taken random technical analysis out of context and added in a bunch of fluff - solely to pump out a post because they know they'll get votes for it.
Slimy snakes
Yes but if there are only 113 accounts in the market, the application of technical analysis loses any integrity - it is about sample size, rather than whether analysis techniques are any good.
If there has been an effective removal of over 40% of the commodity being traded, the chance of that portion which has been removed is the biggest influence other than the current scarcity.
As for hijacking a red pen and scribbling on charts ... I have seen worse on steemit!
What I am saying is that their analysis is probably better than some whizz from GS or DB could produce
Namaste.
Ok this is fun lets chat :)
I agree with what you're saying within certain contexts.
But that's exactly what trading is about... applying some silly charts and lines to a context. The context you explained is one of the few where it wont work.
Other contexts, other situations, TA works well, you're right in highlighting the context though.. completely (albeit from more negative 'this doesn't work perspective')
My criticism of the reward pool sucking amateurs was exactly that, zero understanding of the context. So thanks for the nudge :P
Namaste, @wingz - I do believe that you get it!
Let's grab a bunch of currencies and develop exotics - that is what all these things need - imagine the swings in those - would make a rollercoaster look flat!
Have you traded before, a genuinely good question. I hope we can talk more over steemit chat or discord :)
I have traded but it is not really my gig - I got quite close to several systems a few years ago - the MT4 stuff. It is a curious world
It certainly is, getting to metatrader level is a big step. I really enjoyed you poking and questioning me, would like to talk more if you're in the chat rooms. Thanks for commenting :P
Am in discord now ... ebryans #3127
Give me a shout!