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Which indicator is the best to measure breakout ?

Jun 11 2011 at 03:06
2299 posts
No wonder you fired them.
But I think it all depends upon whether manual trader is good or not. Had your traders were good you would not fired them, period.

phoneix888 posted:
    Which indicator is the best to measure breakout ?

Some traders told me, support & resistance, but didn't say in detail;
some told MA cross line;
some said RSI 20-80;

What does indicator use in good successful break out system ?

Jun 11 2011 at 04:34
6 posts

Good manual traders are not easy to find. 'Good' means positive mental status, no emotional and rational action, teamwork, no heroism, responsible to shareholders' interests and obey code and protocol by FRM.

If I spend all time on human resources and team relationship issue, I will die.

So proprietary EAs (24 hours working) are my choice to replace trader's skill and let qualified FRM to monitor the portfolio risk and market risk.

Therefore, I can spend time to focus on non-financial business and enjoy leisure time.

I used to read the start-up business rule. One man band will be easy to fail. Teamwork (at least two) has greater chance to succeed.

Anyway, I respect all experience traders here as their knowledge and experience is valuable. They should do more high level management task than operation work.

Good luck.

Jun 11 2011 at 10:29
2299 posts
phoneix888, I think with this kind of thinking we are all doomed as a species.
It might be looked upon as a small incident but it is perveisive.
Once we let machines do our work it can lead us into places we do not wnat to be.
We actually can see results around us.
The latest crisis was caused by major reason, there is pretty much no opportunities for vast majority of humans even in Western world to make decent living. One of the reason is that so many jobs were lost to automation aka. robots add to this China/ India and we have this sucking sound of jobs leaving not just west but Earth as well.
Plus, if everyone employs robots to trade the market the whole market losses sense completely. It is not about running numbers here and there. The whole purpose is to finance useful activities and humans are emotional beings.

Jun 11 2011 at 13:01
724 posts

Robots are evolving at a few million times the pace humans have. We've had billions of years to evolve, robots of all type only been a round for maybe 20 years and already they are beating us at chess.

We are doomed as a species. That is a given. 99% of species that evolved on this planet has gone extinct. The odds are not good for our continued existence. All it will take is an asteroid, or a mega volcano like yellow stone. And those events will happen.

We either get off this planet or we perish. Quite likely our machines will survive long after were gone if we can get them far enough before we clock out. And that won't take very long. Maybe 100 years.

What relationship we will develop with our machines remains to be seen, but it's inevitable that at some point they will be come sentient and far more intelligent than us.

By the way, something like 80% of market activity is already automated. Manual trading is the exception now days, not the rule...

Jun 11 2011 at 13:26
735 posts
Hm, hope these heavy and true thoughts, will not prevent you guys from enjoying TODAY. 😉

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Jun 11 2011 at 13:46
2299 posts
Grim, robots are things of our own making. It can be stopped in no time. It is our choice. It is we who are making robots.
I do not think there will be Matrix like situation but we can clearly suffer and go extinct due to all complications and most importantly this mechanical thinking that we are not part of this planet's nature.

Jun 11 2011 at 13:49
2299 posts
Regarding machines. Do not forget the second law of termodinamics aka. enthropy. There will not be robot civilization but we can perish nevertheless. The only thing that can defy the second law is living things and machines will never be like living things.
The way of thinking to substitute humans for robot is a very dangerous and also stupid. To whom these capitalists are going to sell goods if only robots work? Robots doe snot need consumption.

Jun 11 2011 at 13:51
2299 posts
one more point. Intelligent doe snot mean wise.
I wonder whether macnines will be able to do real thinking. it is still to be seen. I doubt it.

With so many robots manual trader can have advantage ;)

Jun 11 2011 at 15:01
724 posts

There's a very good chance not all life is carbon based, some might be silica based. That means life could have evolved as what you would describe as a machine naturally. There could be a machine out there speculating that carbon based life forms will never supersede it.

This is a lot more complex than you think....

Jun 11 2011 at 15:09
2299 posts
I think we have no statistical data to say there is any life at all outside our planet. it's all pure speculations.
I used to be 100% pure Darwinist once as all born and raised in the former USSR were atheists by education. But it all changed.
I just wonder how people can think that such complex machinery of life can appear randomly when oor most sofisticated machines cannot come even close in complexity, especially that living machines are self sustained.

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