Market Discussions

Did I pee on your market operations? It's not common to see GS caring to look on MD, much less on my threads.




Call it as you want, the pictures were there before you guys started spamming my thread and there's numbers tagging the resistance levels: eyeballed drawn weekly resistance is 0.39 isk different than the real price.

It means - without recalling about Pax Amarria - I identified the price boxing within 0.072%.

your thread claims nocx completely ignores resistance levels

Edit: Off topic part removed, CCP Phantom

BRNs are a special case of price levels, they are price levels sitting also at rounds numbers.. Isogen market tends to form price levels at BRNs, Nocx does not. It's not so hard to understand.

That line has no more importance than any other. For you who rabidly dig every exploitable opportunity it's a gold nugget, for me it's a faceless market that some time in the past stopped right there for a while.

If you actually cared to read the main thread you'd have read how I NEVER EVER claimed my method is better than knowing the ins and outs of the markets. Mine it's a generalistic approach that works well enough and everywhere. I am not interested into scavenging bits of information, learning specific markets oddities and whatsnot.
That's fundamental analysts job, not mine.

Happy you have the time to perform your fundamentals analysis, I have to actually live on RL markets first, and then bother with EvE markets later. I am not going to have neither the time nor the will to become the Akita of Nocxium, sorry if you find it bad.

Old forums Experiment #01: RL finance analysis applied to EvE thread

April 15, 2011

No dear.

In the past you'd see a strong range market below M R 570 and you could buy at its base and sell at its ceiling for 10.5% - fees profit per market bounce. In RL markets if you get 2-4% you'd already hop in joy.

In the present, that level is much below current price and so it does no harm.

Data is never obsolete, otherwise you would not have 30-40 years old stocks (and other markets) price history stored.


A RL example: Bank Of Japan and Swiss Central Bank publicly discolosed and apply "hard price cropping" when their currencies get too much appreciated, yet people happily trade at those levels.

Once again, what's a problem to you, for others is an opportunity.

Anyone who doesn't find the study insightful doesn't have to read it or use it. I personally found it quite interesting and useful and I'm open-minded to new ideas and trading methods. If people read it properly, they will see the numerous disclaimers that VV has put all over the work pointing out possible faults and imperfections - it is somewhat grandstanding VV to put claims of omniscience into his/her mouth when the original work had no such claim to total certainty. Isn't it therefore superfluous to spend 4 pages pointing out what the author already acknowledged in the original study?

The 2 pages are:

1.5 pages explaining the various elements basics, like a course. I pick markets that show things I did not cover before and proceed explaining the various elements including when they happened in a distant past and thus are not even relevant today any longer.

In example, if I find a double bottom or triangle 6 months ago, I will spend 1.5 pages explaining what's a double bottom, I put pictures of it etc.

The remaining part is a simplified description of what is going on today. I could re-write it like in RL trading but then the never ending acronyms form an hostile jargon for an already difficult thread in a GAMING forum.




The same happens in RL trading, when a central bank point blank decides to clip their currency or decide not to (depending on their current politics).
If tomorrow BoJ decides to not clip at 1.2 (BRN!) those expecting a magic fill will have to harden up. Markets are not babysitting anybody's wishes.

In particular, the behavior of *price* (not me, notice the huge difference) back at the time was faultless (price is NEVER wrong): a range market you could trade from a base to a top, dump and rinse again.
That's it. Now it's over, price (not me) produced some nice bullish bars to say so, now that past became a memory.
3 years from now, something could happen to make price return back to there and price WILL pause and do something (range, a swing bottom...) despite the hard cap has been lifted.




First of all a little premise: technical analysis is an hugely broad term. It covers anything from the scammiest "proprietary $99 magic squiggly indicators trading system, from $100 to $5000 in 1 week" to price action study.
In this ample range, WPD-WPG method tries to avoid all kinds of hype inducing stuff and only sticks to price formations.

Price formations may or may not happen (some are rare-ish), price talks how and when *it* wants.
I am sorry this won't provide you the indicator you want. If this method promised that, then it'd be a scam.
What it can do is to find a close-to-best, wallet conservative course of action to engage in case a number of next scenarios happen.

I don't sell nocx untransformed - and I buy it all the time to transform high or low - individual prices are scaled by the basket I need to acquire. So long as the basket and finished goods track reasonably well, I don't care much for individual movements - ie I don't need/want an indicator as such.

As it turns out the manufacturing basket has a further obvious insulation against individual movements, which can also be considered a fundamental.

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I would say that the reason that most people barked - myself included - when seeing the second thread, is that we were cross linked to the middle of a thread that it was probably really important to -read- the introduction post. ie your analysis as such is far more reasonable in context.

given that certain fundamentals are widely known, pure charting analysis unintentionally appearing to masquerade as "the analysis", is always going to draw attacks for this mineral.

My apologies for misunderstanding the intended scope of your posts.

My apologies for replying you in a more than intended sarcastic way! I was getting quite goon-blasted so my bee repellant shields were overheated


I think I posted about 5-6 "satellite" threads to the big one, expecially before the new forums. In some of them I put disclaimers and such and I - maybe mistakenly - believed I would not need to re-apply those boring blurbs here.

As I also have stated some times in the past, this is not meant to be the super duper anything. Conceptually speaking, this is the byproduct of The Slow Sell System for Lazy Marketeers and of Kazzac Ellentria / others at his time trading strategy.

The linked thread is about a lower income (compared to station trading) way to trade that is totally AFK and lazy like I am.
I liked it and it enticed me to understand how those big wallet guys managed to - as they said - make a killing by flipping 10 orders a day / week tops.

Now, if I recall correctly, that thread was about placing orders and let them sit there, till the markets "ebbs and flows" would take them.

That was inspiring and conceptually OK but I felt there was something "more" to it.
There had to be a way to earn more and quicker while being a lazy bum!

Coincidentally, around that time, I watched a seminar where some RL traders had charts showing daily bars, not the usual 5 minutes bars that intraday traders love to torture themselves with (I got started into RL trading by learning economy on MD, I did not know anything before playing EvE).

After a lot of investigations and research I found out that the markets "ebbs and flows" were called swings and some mechanics could be called to improve the Slow Sell System. At the same time I also applied the stuff in RL with alternating results till I found a guy teaching trading in an actually organic way that made sense. So I learned his stuff as good as I could and "backported" some of it in EvE.

So at the end of the old forums thread I ended the previous way (using crossing SMAs to find dips) and started using the WPD-WPG method.

So, in the end, as repeatedly stated, I don't aim at slamming some novel breaking news stuff. I won't out-trade fundamental analysis traders, I won't out-trade station traders.

I WILL out-AFK them and out-perform the Slow Sell System though.