The Lounge

[Blu-Ray 10]

Sharky's done a thread celebrating the 100,000 mark, and looking back over the last few times they've hit a milestone, the new member always got a mention............but he didn't this time.

 

( I bet he was gutted to see THAT name :o )

 

LOL

[firewalker 10]

Sharky's done a thread celebrating the 100,000 mark, and looking back over the last few times they've hit a milestone, the new member always got a mention............but he didn't this time.

 

( I bet he was gutted to see THAT name :o )

 

LOL

 

I think he'll probably take notice of it mid June or so.

[wasp 10]

I wonder if new_trader will say anything about his god!

[DbPhoenix 42]

Change "now online" to 50,000 beginners and 50,000 vendors and you'll have something.

[wasp 10]

Change "now online" to 50,000 beginners and 50,000 vendors and you'll have something.

 

...ain't that the truth....

 

Don't worry, I'll be sure to mention you soon! (if my nick isn't banned!)

[gilligullu 10]

I think they might start a new theard for you over there. I mean HG got one....

[DbPhoenix 42]

Here ya go:

 

 

What I find interesting is that he's so proud of getting so many people to sign up, but the fact that he's been able to hang on to so few of them doesn't seem to bother him.....

[wasp 10]

Here ya go:

 

 

What I find interesting is that he's so proud of getting so many people to sign up, but the fact that he's been able to hang on to so few of them doesn't seem to bother him.....

 

Its all about the hits though surely. Sod the content.

[JT1 10]

Here ya go:

 

 

What I find interesting is that he's so proud of getting so many people to sign up, but the fact that he's been able to hang on to so few of them doesn't seem to bother him.....

 

Perhaps if the advertisers actually read the quality of the general member contributions and the fact that so many are none trading related these days, they would reconsider sponsoring the site as an effective means of selling their product. As it stands its still a cash cow for the owner.....

 

How did u edit that label by the way?!!

 

PS. Apologies if i'm helping derail this thread!

[wasp 10]

I've been rumbled!

 

Lightening Mcqueen just posted 'its an advisor' in the private thread!

 

It shouldn't be as I quit but anyhow!

[DbPhoenix 42]

Its all about the hits though surely. Sod the content.

 

But as trendie pointed out, only 18,000 have logged on within the last 60 days.

 

Getting people to sign up is no great trick. Hanging on to them is another matter. I wouldn't be crowing about losing more than 80% of the membership.

[DbPhoenix 42]

 

How did u edit that label by the way?!!

 

Paint Shop Pro.

[JT1 10]

But as trendie pointed out, only 18,000 have logged on within the last 60 days.

 

Getting people to sign up is no great trick. Hanging on to them is another matter. I wouldn't be crowing about losing more than 80% of the membership.

 

18000 in 60 days as a stat perhaps also does the site more justice than it deserves. I reckon theres probably been no more than 100 regular posters in those 60 days, maybe far less....

[firewalker 10]

Well, it didn't take them much time to notice:

 

You'll soon be crowned wasp

[GammaJammer 10]

I have a Demo account with Meta, it does seems that on big volumes there will be big moves, but a big move does not mean a big volume.

 

The graphs on IB does not offer volume for FX...... I have not then a lot of research into this, but it is just something I realised.

 

There is such a thing as 'tick volume' on some packages, but it is a laughable approximation of volume. I would guess (not that it can be proved) that the correlation between 'tick volume' and real volume in FX is less that 0.25 personally.

 

Could go into the whys and wherefores of this, but maybe later. I once posted something on it on T2W so maybe I can crib my explanation from there.

 

GJ

[firewalker 10]

There is such a thing as 'tick volume' on some packages, but it is a laughable approximation of volume. I would guess (not that it can be proved) that the correlation between 'tick volume' and real volume in FX is less that 0.25 personally.

 

GJ

 

I wouldn't call it an approximation as, afaik, it's a different definition of volume.

 

(1) contract volume = the number of contracts traded during any given time interval,

(2) trade volume = the number of trades (regardless of their size) during any given time interval

(3) tick volume = the number of changes in price, regardless of contract/trade volume that occur during any given time interval.

[GammaJammer 10]

I wouldn't call it an approximation as, afaik, it's a different definition of volume.

 

(1) contract volume = the number of contracts traded during any given time interval,

(2) trade volume = the number of trades (regardless of their size) during any given time interval

(3) tick volume = the number of changes in price, regardless of contract/trade volume that occur during any given time interval.

 

Yes, if we're splitting hairs, I agree, but it's very much marketed as far as I can see, as an alternative, proxy measure of volume for people in FX that like such a thing. And a change in the price up one tick and down one tick in FX implies.......nothing. Literally, nothing. Doesn't mean a single sausage went through the market. Equally, could be yards and yards went through. The change in price is much more likely to be because the feed powering the chart is, at some stage in its lifecycle, a blended rate, and thus will update every time there's an update in one of it's 'spoke' feeds.

 

This is especially true of crosses, where each spoke feed would likely update each time one of the dollar legs updates. So in EUR/JPY for example, you could have a flurry of tick updates just because something is going through in EUR/USD or USD/JPY. means nothing to EUR/JPY - might have been no flow at all. But equally, it could actually be that EUR/JPY is moving, and then a volume stat that potentially looked to all intents and purposes absolutely identical could mean something entirely different.

 

SO if you just want to plot how many times the price has changed then great, but personally I can't see the use for it. I don't know anyone at all in interbank / wholesale circles who would give it the time of day.

 

Just my $0.02

 

GJ

[firewalker 10]

SO if you just want to plot how many times the price has changed then great, but personally I can't see the use for it. I don't know anyone at all in interbank / wholesale circles who would give it the time of day.

 

Just my $0.02

 

GJ

 

Don't get me wrong, I agree and I don't see the use of that kind of volume neither...

[GammaJammer 10]

Sure, I just felt it might be useful for people who might be reading who didn't know about this kind of thing to understand exactly how these things are constructed.

 

GJ

[wasp 10]

I only bought it up as it seemed interesting guide to strength. Its not, I get it now. S/R and TL's are it!

 

Anyhow, back to being SOOCRATES! Mwah!

[wasp 10]

The problem with trading larger TF's is too much spare time!

 

I am now SOUR-CRATES too!

 

God I'm bored!

[firewalker 10]

The problem with trading larger TF's is too much spare time!

 

I am now SOUR-CRATES too!

 

God I'm bored!

 

Today hasn't exactly been of much interest neither! Stuck in 50-point range on the DOW.

[wasp 10]

Today hasn't exactly been of much interest neither! Stuck in 50-point range on the DOW.

 

I'm moving up in TF's atm whilst the EJ sits in its worst daily ranges for about a year so have even more free time. The problem is I can't head far from the screen so have to fill the time somehow :shocked: :rofl:

[wasp 10]

Well thats enough fun, games and silliness on T2W for one day!

[wasp 10]

I cannot believe that temptrader is stupid enough to believe SOOCRATES is Socco!