open All Channels
seplocked Market Discussions
blankseplocked Experiment #01: RL finance analysis applied to EvE
 
This thread is older than 90 days and has been locked due to inactivity.


 
Pages: first : previous : ... 3 4 5 6 [7] 8 9 10 11 : last (11)

Author Topic

PinkFish
Posted - 2010.10.12 02:52:00 - [181]
 

Edited by: PinkFish on 13/10/2010 12:24:08
(-1, offtopic)

PinkFish
Posted - 2010.10.12 04:19:00 - [182]
 

Edited by: PinkFish on 13/10/2010 12:24:37
(-1, offtopic)

CCP Jericho

Posted - 2010.10.13 06:35:00 - [183]
 

Off-topic posts removed. Please stay on topic and discuss the contents of the OP.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.10.13 09:33:00 - [184]
 

Interesting moment for Technetium

The last days have seen many a battle on this speculative item.

This is the updated graph for reference:


Picture linkage

(Notice: I found out it's forbidden to use the IMG tag here, so I had to stop posting inline screenies)


Huge growth sentiment at first and for a long time, then a first slap in face at the beginning of October.
Now, despite the warlike bullish statements, the selling pressure is strong.

While this "market battles behind the scenes" prediction exercise is fun, it does not belong to TA, so I'll leave it to those more qualified than me.

What's quite immediate by looking at the graph from a "neutral observer" point of view is that a very evident upward trend line spanning several months.

I have edited the graph to show it:


Picture linkage


The uptrend is in cyan. What's interesting? Two features:

1) Price retraced back down to the trend line, which as said in previous articles plays as dynamic support (i.e. it "bounces" price back up).

2) The highlighted area forms a little "rising trend" head and shoulders.

Both of the above are ambiguous and show well the current market indecision.

On paper, the trend line is unviolated and this should make it quite impervious to being broken, plus the 5 SMA is also reinforcing it (look at today's price dot).

This means a bounce up is very possible, even 2) can be a continuation pattern in the right conditions (expecially when the right shoulder is in line with the trend).

But nothing in markets is set in stone and this is where the trend line comes to help. If it breaks, it's a strong signal to the market and it could start a sell frenzy causing at least a dip to 60k (where another strong resistance - this time a BRN is located).
Following that scenario, price could use the cyan trendline as resistance for a while (trend lines once broken tend to play as barrier on the opposite movement) and possibly be broken upward again later. If this happens, the trend line will weaken and lose power.

"Ok dude but shold I buy or sell now?".

We are at a confluence (probably even with Fibonacci confirmation), that is the time BEFORE price decides what to do, so I am sorry I cannot say anything conclusive. Price action for entry signal study (a sub-branch of TA) *begins* at confluences.

If price dips below yesterday's low, the upward motion touching the 5 SMA could be seen as retracement-to-sell signal though.

"SO I AM GOING TO DUMP THE BEGEEZUS NAO!"

Calm your horses, friend.

First of all - unlike RL - there's probably reading this article who WILL have the financial strength to manipulate the market to the opposite side and you'd be just his fish in his net. Acting early does not mean acting smart.
Second, a concept I am not sure I have covered extensively up to now: FTAs / FTZs. These are "Trouble areas" or also "Trouble Zones" and hare hostile to impulsive traders.

What is a FTZ or FTA in practice? It's a moltitude of nearby pivot lines / BRNs or even just price congestion (i.e. price got at this level recently and multiple times) that tend to jam the otherwise undisturbed price descent / climb and sometimes even stop it dead on its tracks.
Look all around 60-62k, there's a lot of past action, BRN, price strong moves and so on. This means that selling stuff at i.e. 63k could find a FTA covering 60-62k jamming your sale and price downward movement. This is where TA becomes completely subjective. Do you think the FTA will be perforated? Then sell. If not, the price could stop and go horizontal in there or even be kicked back up, like the FTA was a support "area".

PinkFish
Posted - 2010.10.13 13:05:00 - [185]
 

That head and shoulders off of the trendline is exactly what I was expecting :). I know I don't get bragging rights as I didn't post on it here, but it still feels good to take a rudimentary knowledge of a subject and apply it successfully.

It's been enlightening being involved in the trenches with Technetium and getting a good feel for individual market forces while also stepping back and looking at the chart from a TA perspective. It's amazing that so many people will all come together with such tremendous purpose in manifesting predictable patterns in the chart. I know that many of the players are not using this method or are even aware of it, yet they all play their roles exactly.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.10.13 14:11:00 - [186]
 

Edited by: Vaerah Vahrokha on 13/10/2010 16:29:18
Originally by: PinkFish
It's amazing that so many people will all come together with such tremendous purpose in manifesting predictable patterns in the chart. I know that many of the players are not using this method or are even aware of it, yet they all play their roles exactly.


Thanks to you I finally found a short definition for TA:

It is "the qualitative study of greed and fear felt by traders"



Edit: I noticed you sent me a nice donation. Thank you a lot!

AnakieNine
Posted - 2010.10.13 23:05:00 - [187]
 

Great TA on technetium. Both positive and negative.
Even if I'm only interested in the positives :P

prostuclasei
Posted - 2010.10.14 01:45:00 - [188]
 

VV, I'd like to see you do graphs with channels because I think it would be easier to explain when to buy or sell to people.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.10.14 07:00:00 - [189]
 

Originally by: prostuclasei
VV, I'd like to see you do graphs with channels because I think it would be easier to explain when to buy or sell to people.


What type? Also, why do you need channels? There are 1001 ways to trade and I posted two that don't require any channel. Or were you talking about channels referring to those that break up / down and you want to see them highlighted?

prostuclasei
Posted - 2010.10.31 04:24:00 - [190]
 

VV, can you please continue with discussing TA? I like what you have done so far.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.10.31 09:35:00 - [191]
 

Originally by: prostuclasei
VV, can you please continue with discussing TA? I like what you have done so far.


As soon as I am free enough I will resume.
I had to suspend posting pictures because my old DSL router died and the default ISP one cuts away lots of things including uploading images (!).

Is there anything in particular you are interested in?

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.10 16:28:00 - [192]
 

Edited by: Vaerah Vahrokha on 10/11/2010 16:35:15
Edited by: Vaerah Vahrokha on 10/11/2010 16:31:30
Little talk about Technetium

I apologize with those who asked me for more articles. Lately I am super-busy IRL and not playing beyond switching skills. Plus I am under NDA doing stuff in another MMO.

Therefore I could not see the really juicy analysis days and warn people about the mass sell off.

I noticed people in the Technetium thread are panicking and trying to slow down the crash. But markets are relentless and inhumane in their mass humanity source, and markets also involve losers.

Those who followed this course and learned the very basic techniques shown in these articles lost little even if by any chance they unfortunately bought at the very price high.


Here are the proofs:


1) All it took is some memory. In this particular case, without ANY magic / obscure indicator, RSI, ATR, Monte Carlo I anticipated the next possible moves 2 months ago:


Linkage and later: Linkage.

For convenience's sake, let's repeat the picture posted in the oldest post: Picture linkage and then another of 1 month ago: Picture linkage

With respect to that picture, we are in the price depression after the game screenshot and after the first "shoulder".
As reference, here is today's market: Picture linkage.

Of course the markets are unpredictable with precision and even less as behavior. That picture, as stated in its article, was not fruit of genius analysis but just an educated guess based on how markets would behave in RL with similar pre-conditions.

But this fact of having followed the equivalent of a RL market "usual behavior in this circumstance" quite agrees with my original thesis about connections between the mechanics of EvE markets and RL. The connection is us, the humans.
We are the market, price expresses our competition, greed and fear, regardless of "where".

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.10 16:32:00 - [193]
 

Edited by: Vaerah Vahrokha on 10/11/2010 18:35:37
2) Even if someone completely missed 1), they would still not have lost a lot. Let's see how much would have lost someone who bought in the worst case: last "buy signal" (following the simplified techniques I posted in this thread), forgot so sell at price peak and suddenly woke up when price started tanking.

Looking at the last graph, in Sept 24 price retraced and the price slope was well above 20. That would have been the last buy "signal" even if it'd have been an high risk one (third in a sequence started in Sept 14 then Sept 23, usually entering past 2nd entry in the same trend is risky).

First sell "signal" was in Oct 1: retracement up then down.

Therefore buy price would have been at about 75k and sell price at 70k. "No lifer" traders could have done better by applying the retracement technique in real time and not at end of day and thus clipping buying a bit lower and selling a bit earlier (= higher) and would have lost about 20-40M.

This picture shows exactly the buy and sell signals in worst case scenario: Picture linkage

Even in the worst case listed above of having checked markets once a day and having bought at 75k and sold at 70k, the trader would have lost 66.66M per billion plus broker fees.
Bad, but... not a wall head banging trauma.

In any case, when prices start tanking, always babysit the market, because prices drops always happen at quicker rate than rises (mass fear to lose => mass panic => mass fire sale).


So, what's next?

In this picture I posted a very rough sketch, with four price phases delimited by rectangles.

1) Price can be seen as it slowly rises => hint at slow build up and "explosion upwards"

2a) Upward move happens => One of the many possible scenarios is head and shoulder.

2b) Head and shoulders happen and its neckline (line connecting left shoulder dip vs right shoulder dip) is sloped upwards. => This hints at price not returning down to pre-head and shoulders levels.

2c) Price does not go down for a whole ISK = (shoulder price - neckline price) as it usually does. Something is resisting => this could lead to sideways market.

3) In fact price does not drop. It goes sideways. Sideways movements mean momentum build up and we are still with an artificially high price => it could deflate when momentum has finally built up.

4) Momentum has built up and the market will to go down happens. Future: this often means a " V^ " or "W" shaped (double dip) "valley" at the end of the descent and it means we are fully at distribution time => going down to next accumulation cycle.

5) Future: accumulation means sideways market for a while then price goes up.

6) Future that might or might not happen: as shown 2 months ago, Due to Christmas-January high player base => high demand => price skyrockets up and forms a big head. This is VERY unpredictable as of now.


Fly and trade safe,
Vaerah

Xenofur
Aliastra
Posted - 2010.11.11 18:50:00 - [194]
 

Your thread has been a pretty interesting read. And since you like poking at graphs i thought you may be interested in this: I just finished some on my own project and am wondering if you could give me some pointers to make them more readable? You can see them here, at the bottom: http://eve-profits.com/list

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.12 09:25:00 - [195]
 

Edited by: Vaerah Vahrokha on 12/11/2010 09:26:55
Originally by: Xenofur
Your thread has been a pretty interesting read. And since you like poking at graphs i thought you may be interested in this: I just finished some on my own project and am wondering if you could give me some pointers to make them more readable? You can see them here, at the bottom: http://eve-profits.com/list


That's a nice site.

My suggestions:

1) Give the ability to expand the graphs. Postcard graphs with small variations hide a very valuable information, that is sentiment. I am not talking about complicate stuff like i.e. dynamic zoom (pointless at this stage, it's the viewport that needs enlarging), a simple pop up would do.

2) Give the ability to adjust the time frame. These graphs are giving some diluted information.

An alternate solution that would insure the best ratio of information vs pixels drawn and vs graph area used would be to use range bars. These are a well kept "secret" of some RL futures traders because they remove time from the graph and let only focus on what creates income: price variation. Basically you'd create a standard OHLC system (many WEB graph packages have some support for it) and only advance to the next bar when Y' > Y + Delta, where Delta can be the ATR or ADR of a given period (usually a day, week or a month), Y is current plotted Y, Y' is the next, bar triggered Y value.

Range bars are known for their great capability at removing clutter, in fact in case of quick underlying value variations they provide for finer detail than regular graphs, in case of long and slow variations they condense them into a short segment.

Xenofur
Aliastra
Posted - 2010.11.13 19:37:00 - [196]
 

Thanks for the comment and the feedback. They've been insightful. :)

Some information ahead: Right now i'm working with very little data. All i have available is what is on the graphs, as i've only been collecting it since 4 days ago. Right now i've set the graph to display 30 days (or less).


I've added 1280x1024 size images, reachable by clicking the graphs. I hope that's intuitive enough.

I think adding a slider to adjust view range with ajax calls (day, week, month, quarter, year, etc.) along with a start offset and rendering to a user-adjustable viewport should do fine in the future. :)

as for range bars, they're really interesting, but i don't think they'd work in this case, as i'm trying to offer a comparative view of the regions more than a historical one. That is just a side effect to me, really.

That, plus: I don't have discrete data for every time step. Due to computational constraints the stats for regions only get updated when someone loads their page with default settings and if there actually is a change, so i'm betting on user-driven updates in the process itself, as well as in the actual data acquisition (since that goes through eve-metrics). You may have noticed that some lines look a lot more low-res than others. ;)

Either way, i'm sitting on a huge mound of data here and i'm only slowly figuring out what else i can do with it as i go along. So, thanks for your input. :D

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.13 23:13:00 - [197]
 

The larger graphs look nice.
I noticed that in order to make a precise comparation they could use optional vertical lines at each round number shown in the footer.

Xenofur
Aliastra
Posted - 2010.11.14 13:20:00 - [198]
 

Ah, of course, a background grid. Now i feel dumb.

Thanks. :D

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.20 20:33:00 - [199]
 

Edited by: Vaerah Vahrokha on 20/11/2010 20:53:06
Triangles

Price movements may be explained in several ways, including accumulation and distribution.

It's rare that price stays at a fixed value. Sometimes it oscillates (see the previous posts about lateral markets), sometimes it trends up or down.

Other times, between trends, price may oscillate in particular ways, forming triangular shapes. Triangular shapes show how demand and supply may oscillate but also get compressed more and more towards a single point.
This compression builds up momentum and usually it results in an explosion of price.

Triangles shape, slope and and angles will anticipate the direction of the explosion, so an attentive investor may get a signal of what's going to happen next.

The full triangles theory won't be explained here due to its length. Some explanation with pictures is here, for more examples Google for "technical analysis" plus "triangles" or "wedges" (the main two triangle categories).


Let's see a little example, Robotics in Dodixie Picture linkage

Looking at price from Sept 10 about Sept 20, it's possible to see such a formation (outliers are ignored). The following picture shows the various graphics elements Picture linkage

Price performs its characteristic zig zags and becomes "compressed".
At about Sept 20 the triangle thins to a point and then the explosive break out happens (green arrow).

Price went up at a steep slope. Since the slope is greater than 45 it won't be able to sustain such growth for long (Gann Theory).

In fact, at about Oct 5 price went down.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.20 22:02:00 - [200]
 

While we are talking about robotics, I'd like to give a word of caution.

Look at the Dodixie price for the last days: Picture linkage

Look at the Jita price for the last days: Picture linkage

Of course market velocity, liquidity and inertia make the two markets different.

Despite this, both show a similar pattern we know very well: head and shoulders.

Both show a volume reduction similar to what happens near a peak.


Using the techniques I posted on this thread (there are many more but they are complex, require other software and indicators) would have given a last buy signal at Nov 13 (retracement upwards) at 44k.

Now, price failed to make a newer high, slope is > 45 (that is, price cannot sustain it for many days) therefore I'd like to ring a bell to follow the market closely. It's possible price will go down like it did at the beginning of November and then up again but it cannot be completely excluded a scenario of real head and shoulders, with a pause at 42.5k and then a possible further descent.

A further picture could give some more directions: Picture linkage.

If price falls below the cyan trend line then it could be an head and shoulder.

If it's not, the next buying opportunity could come after price breaks thru the purple trend line.

Kaztor Troy
Minmatar
The Nietzsche Followers
Shades of Gray
Posted - 2010.11.23 07:44:00 - [201]
 

Edited by: Kaztor Troy on 23/11/2010 07:46:18
Edited by: Kaztor Troy on 23/11/2010 07:45:23
Edited by: Kaztor Troy on 23/11/2010 07:44:56
I'm posting to thank Vaerah for this thread.

It's actually getting me really interested in RL trading, and I do appreciate you giving out all this information for free.

You are indeed giving back to the MD community, and since I'm not one of the people who gave anything to you (I came to MD recently), and I'm taking from what you are giving, I want to give a little bit back now, by encouraging you to continue with this, and letting you know that your efforts are actually being appreciated :).

I also came late to this thread, and since this TA thing was all news to me, I've been learning slow. I'm still at the 4th page Razz.

So even if I don't post feedback, don't think I lost/don't have interest; it just means that I'm still catching up Wink

Keep up the good work!

Edits - sleepy typos.


Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.23 13:28:00 - [202]
 

Originally by: Kaztor Troy

I'm posting to thank Vaerah for this thread.

It's actually getting me really interested in RL trading, and I do appreciate you giving out all this information for free.

You are indeed giving back to the MD community, and since I'm not one of the people who gave anything to you (I came to MD recently), and I'm taking from what you are giving, I want to give a little bit back now, by encouraging you to continue with this, and letting you know that your efforts are actually being appreciated :).

I also came late to this thread, and since this TA thing was all news to me, I've been learning slow. I'm still at the 4th page Razz.

So even if I don't post feedback, don't think I lost/don't have interest; it just means that I'm still catching up Wink

Keep up the good work!

Edits - sleepy typos.



I am extremely pleased to see positive feedback, it's definitely refreshing to see support in a thread that is not easy to show to a gaming audience.
Just beware about RL trading, for it's vastly more difficult than speculating in EvE.
I hope these simple rules of thumb will spare a perspective RL trader some of the mountains of pitfalls and money waste that are brought by the myriad of the fake and useless complex "strategies" out there.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.23 15:01:00 - [203]
 

More on Robotics

Few days ago I posted some words of caution about Robotics

I advised about the price either breaking up over a cyan line or falling below a purple trend line.

Let's see how it developed, with the updated graph: Picture linkage

I have drawn the trend lines above to show the price evolution.
As you may notice, the price broke up the cyan line.


Several simplified considerations may be made about this (it's RL finance rules, not mine ;P):

1) The purple line is the only true trend line. Ascending trend lines only connect higher lows, that is they are tangent with the "bottoms" of the graph shapes from below.
Descending trend lines only connect lower highs, that is they are tangent with the "domes" of the graph shapes from above.
In both cases, a trend is only identified if a trend line may be drawn across two or more of those bottoms / domes.

When price "evolves", the trend line may be extended to see if price still hits and bounches on it. Trend lines behave and are support or resistance areas, in fact price meets what's technically called "dynamic support / resistance".
Like support and resistance lines, trend lines can be broken and in that case they flip their behavior. I.e. if an ascending trend line is broken downwards, it becomes "diagonal upper price resistance" when price eventually comes back up.

Another and last rule about trend lines is that it's possible to adjust their slope when price forms new bottoms / domes but ONLY to become more horizontal.
Trend lines cannot - ever - become more vertical.


By the above we can safely state that:

2) The cyan line is not a trend line. First of all it's ascending but is touching the "domes" and not the bottoms.
Furthermore it may not be updated to reflect the new "yellow dots" of price that go above it. In fact this would force it to become more vertical, which by the above ruleset cannot be done.

So what's the cyan line for? It delimits what's called a "channel". Channels are to trends what ranging (horizontal) markets are to their delimiting support and resistance lines.
That is, price "ranges diagonally" (sometimes forming a triangle - see previous posts) between the channel boundaries.

What's a channel good for? Like every TA (technical analysis) feature, it does NOT help at predicting the future but at preparing well for it.

With a channel we can establish a boundary that might or might not be broken and the consequences may help reacting in a lucrative (or at least not losing) way.

In the specific example, the last prices broke the channel - this very behavior in RL analysis is called "channel break out".
What kind of help does this information bring? A lot.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.23 15:07:00 - [204]
 

Let's see the most evident two.

a) The first one has been covered already. Price hates to sit at BRNs (Big Round Numbers), at RNs and even in the vicinity of them.
We can easily see this behavior at 50k. Lots of going up and down around this VERY psychologically important number (remember, the whole TA is about mass traders/investors behavioral study) but no price sits on it.
In fact the very idea of sitting anywhere close to 50k is rejected.

As stated in previous articles, this area around a BRN is known as FTA (For Trouble Area, very extensive explanation about them at the RL analysis documents linked in the first posts of this thread). The more important or trafficked is the nearby BRN the larger is the FTA, a "statistical cloud", a zone where price won't stop at.
For sake of clarity, the FTA for this item has been delimited in transparent green.

You may notice how it's precisely delimited by the maximum prices around Nov 7 and the low of the "shadow" of the Nov 22+ prices. This is not random.
The upper prices delimit the area where traders felt comfortable to push to at the time, then there is the break out (break outs may be visualized as "sudden jumps") and now the new lower prices sit where traders feel comfortable to push down to.

Practical consequence of this: never be caught in these no man's land FTAs with your orders, because you are statistically going to easily lose about 1/2 of the FTA height worth of money plus broker fees.


b) Channels, both horizontal or diagonal ones behave like trend lines and like support / resistance lines.
The cyan line is diagonal. This means price will be compressed against it as the days pass. This means that something will happen, ie price will have to decide to go over it or decidedly break down below it.

c) Channels, both horizontal or diagonal ones behave like trend lines and like support / resistance lines.
Knowing that the cyan line delimited channel has been broken upwards, sets the cyan line as the new support, i.e. new prices will desire to stay above it.
When and if they will decide to return below it, they will have to test the line first (often it takes 2-3 attempts), meet the line and behave like a support would: rejecting price up for a while till market sentiment will force an hard break thru it again (to low) or will give up and let price soar up again.

Corollaries of this, considering the simple entry / exit signals I posted in this thread are:

- If price retraces back down on the cyan line, bounches up (support held) and passes the recent high it could be a good idea to buy. Buying will require attention here, because new highs always have the great risk of being a "bull trap", i.e. be a peak that rapidly deflates and leaves people with a bunch of overpriced stock in their hands. Therefore if buying, babysitting will be required until price shows its desire to climb even further up. By the way, in this case a return to 54k with bull sentiment will quickly cause price to jump over 55k with a further break out, since 55k is a RN and once again price dislikes sitting there.

- If price retraces back and drills thru the cyan line, it's quite possible we have seen a top and now price tanks. Cyan line will return being a dynamic resistance.

My Postman
Posted - 2010.11.23 15:33:00 - [205]
 

Wonder how i missed this thread till now.

Beeing a small scale trader/manufacturer myself i hope that using the information you gave (and im not sure i understood half of it) will help to increase my earnings.

Anyway, interested in technical analysis of markets, RL or EVE, and lets see how it delivers.

For your afford, your attracting writing and for giving us market-noobs all this for free i deliver:

10/10 and +1 internetz for you VV.

Keep up the good work.

Kaztor Troy
Minmatar
The Nietzsche Followers
Shades of Gray
Posted - 2010.11.24 18:43:00 - [206]
 

Edited by: Kaztor Troy on 24/11/2010 18:44:37
Edited by: Kaztor Troy on 24/11/2010 18:43:59
Originally by: Vaerah Vahrokha

Just beware about RL trading, for it's vastly more difficult than speculating in EvE.
I hope these simple rules of thumb will spare a perspective RL trader some of the mountains of pitfalls and money waste that are brought by the myriad of the fake and useless complex "strategies" out there.



Heh, I knew you were gonna say not to jump to the conclusion that I can RL trade if I know how to EVE trade. Do not worry, I won't :)

I've been basically following your lessons from the first, and every time an unknown concept shows up in your posts, I look it up. This has led me to learn a lot. Other than some chart pattern guides, Investopedia has been my main source of information. I find it has a good coverage from the very basic stuff to the somewhat more advanced stuff, to the "I have no clue how advanced that even is" level. Can you vouch for that site?

I also checked the 5000 page threadnought Razz Seems like it has quite the pre-requisite to take full advantage of it, at least the charts that started the thread.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.24 20:05:00 - [207]
 

Originally by: Kaztor Troy
Originally by: Vaerah Vahrokha

Just beware about RL trading, for it's vastly more difficult than speculating in EvE.
I hope these simple rules of thumb will spare a perspective RL trader some of the mountains of pitfalls and money waste that are brought by the myriad of the fake and useless complex "strategies" out there.



Heh, I knew you were gonna say not to jump to the conclusion that I can RL trade if I know how to EVE trade. Do not worry, I won't :)

I've been basically following your lessons from the first, and every time an unknown concept shows up in your posts, I look it up. This has led me to learn a lot. Other than some chart pattern guides, Investopedia has been my main source of information. I find it has a good coverage from the very basic stuff to the somewhat more advanced stuff, to the "I have no clue how advanced that even is" level. Can you vouch for that site?

I also checked the 5000 page threadnought Razz Seems like it has quite the pre-requisite to take full advantage of it, at least the charts that started the thread.


The first site you should visit is BabyPips

It takes you by hand from ground zero to enough foundations to fully grasp what I say in this thread.

The 5000 pages threadnought is where this thread took inspiration out of.

It does not present a Gizah pyramid sized brick of knowledge that WILL kill baby pandas.
It's made so that you read 2-3 pages, go to the linked free web site and listen to the videos and wonder WHAT THE FU** IS THE GUY SAYING. Then you get back to the thread and understand a bit more and a lamp Idea flashes in your head about what you just watched in the video... Up to a point, then watching more of it will make you wonder if that's English or Aramaic. But next time you look at the thread you get a chunk more, that in turn will make you understand the videos a bit better.

One day, a sudden revelation dawns upon you, the bits snap in place and you will wonder why you did not get the whole thing in an hour.
That's a workhorse approach that is totally contrary to the "get rich quick" tons of ads you'll be bombarded with but that has the little property that it is free knowledge and that it works.

Kaztor Troy
Minmatar
The Nietzsche Followers
Shades of Gray
Posted - 2010.11.24 20:21:00 - [208]
 

Edited by: Kaztor Troy on 24/11/2010 20:36:15
That link seems great! Thanks much!

Edit:

"What is Forex?

If you've ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet (if you're a dude) or purse (if you're a lady) or man purse (if you're a metrosexual) into the currency of the country you are visiting."

Epic online trading for dummies is epic Very Happy

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.11.24 20:43:00 - [209]
 

Since you seem to like it, I updated the first post to reflect what I think is becoming a change of course: from "Experts Experiment #1" to "Introduction to EvE finance for everyone".

Kaztor Troy
Minmatar
The Nietzsche Followers
Shades of Gray
Posted - 2010.11.24 20:49:00 - [210]
 

Originally by: Vaerah Vahrokha
I updated the first post to reflect what I think is becoming a change of course: from "Experts Experiment #1" to "Introduction to EvE finance for everyone".


Nice to see the thread took this direction, happy to be a witness of its evolution. Razz

onwards to 5000 pages now YARRRR!!


Pages: first : previous : ... 3 4 5 6 [7] 8 9 10 11 : last (11)

This thread is older than 90 days and has been locked due to inactivity.


 


The new forums are live

Please adjust your bookmarks to https://forums.eveonline.com

These forums are archived and read-only