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Makes sense.

I see. So they basically do nothing but transfer retail money into broad index instruments?

0.25% management fee means they only get about 2.5M GROSS from $1B under management? o_O

What I try to achieve is clarify things in exactly the fashion you just presented: do TA patterns only show the past actions of market participants or can they also objectively predict their likely FUTURE actions... The question lies in the explanation of their motives during those past moves...

Thanks everyone for replies. My point in this thread is: if we can somehow logically explain the causes of TA patterns, it would be equal to the proof of TA "working" (or not). After all every sane TA trader thinks I believe that TA patterns don't miraculously predict the future, rather they...

I placed this thread in Psychology sub-forum, because reasons I'd like to discuss are just that: human actions behind what we call patterns of the markets. Ultimately they are defined by psychology and it would be interesting to talk about different theories of what exactly behavior causes some...

Good luck with "50% drop in a month" bet. :D

How do those guys make money if they charge almost nothing?

Interesting, what is technology used to manage assets they rely upon?

LOL, I didn't think about the possibility to short them too at the time of writing the post. :D

Could be options, not necessarily outright futures.

Been @ Phi Phi Don too. :D

Been in Krabi, Ao Nang beach area last Jan/Feb. Beautiful place.

Already did half year ago, but fight the temptation to visit it again soon. Will sure do in winter, though (it's especially nice to escape from our winter to Thai endless summer :) ).

I love Thai. :)

I wonder if there anything similar to TST, but for longer-term (days to weeks holding time) trading in the future markets?

Much more valuable: generally wise people passed around their knowledge.

Drownpruf account lasted less than 5 years in my book. :D

In the best chat room with traders I've ever seen most of the time wasn't that much trading talk at all.

There is no such thing as a miracle, good or bad. If you trade well for years and nobody's interested that's weird. Something must be wrong, look for what it is and correct it.