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Technical Analysis Fallacy

  • #59,081
  • Jun 27, 2019 7:37am Jun 27, 2019 7:37am
Fti, after some hesitation, I'm going to risk looking stupid trying to clear a doubt but I suddenly felt encouraged by your last reply to sutivserv. Sometimes the FX market looks like a videogame played by the market maker(s). Seems like they don't even need a real market to move prices. If they can quote then they can afford to move price to wherever they want at any time. They will just stumble upon the market (orderbook) and they will choose whichever action makes a profit in their books. I am not judging them in any way, just trying to correctly guess what happens behind the scenes. When there is hot news coming into the market everyone talks and advises to stay away for a while but that is exactly when the market goes crazy. How could that be the case if market were supply/demand driven? In the shortage of buyers and sellers, who is moving the market? Big retail/institutional players accepting terrible spreads/slippage/execution? Not likely, imho. And there are times (no matter if the "liquidity" is high or low) in which the market goes absolutely crazy out of nothing. There seems to be no chance that these moves are produced by brokers' clients orders, I believe it is just a videogame played inside the banks' computers. Am I terribly wrong, being ridiculous? If this question is not well suited for a public forum I apologize and beg you to disregard it.
  • #59,082
  • Edited 8:11am Jun 27, 2019 7:56am | Edited 8:11am
Quoting Jairo
Fti, after some hesitation, I'm going to risk looking stupid trying to clear a doubt but I suddenly felt encouraged by your last reply to sutivserv. Sometimes the FX market looks like a videogame played by the market maker(s). Seems like they don't even need a real market to move prices. If they can quote then they can afford to move price to wherever they want at any time. They will just stumble upon the market (orderbook) and they will choose whichever action makes a profit in their books. I am not judging them in any way, just trying to correctly...
u addressed your qns to FTI, but i am going to take a shot at it. why do you think this way? i feel your mindset has problem. terribley posioned by the losses you have racked up.

in a any market, but i like use stock market for example. buy orders and sell orders can come from

1) there are those who buy and hold to sleep (mum and pops/ pension funds)
2) there are those who buy and sell few months later (speculators for short swings)
3) there are those who buy now and sell later in a span of days and mins (market makers, intraday speculators)

sames goes for those who sell.


so now you tell me, if i am pension fund and i come in buy 20% of shares from open market, i will be hitting everyone queing on the sell side. in well traded exchange, there are still "market makers" queing in the bid/ask in big sizes electronically. think, how can the market makers play video game? where do they find the 20% shares for me?

think. if they (market makers) were the only guys queing on the ask, they are hit big by me. they gona cut their losses by buying on the next higher ask. due to big size, they are not gona wait for someone to come and hit them on the bid for them make spread. and guess who is there on the next higher ask? if there is no one, you gona see the impules so strong that trip the circuit breakers. until someone, anyone.. who has the shares or ability to short overnights or days to fill my 20% buy order. those who whole naked shorts are probably big times players and they will be waiting for those who geinuely have the shares who are interested to come offload for good to these big time players. otherwise, u see price continue up untilll.....

so what video games are you talking about. it is possible, if the orders are thin, then market markers can try move prices few small % both ways, they likely will be trading with each other like musical chair. the last standing loses.

when there is bad news, like fraud. buy orders will dry up like crazy. everyone wants to sell. if you were market makers, do you dare buy? if you buy, who do yous sell it to? where is your spread edge? u think market markers can moves prices up without regards of the fundamental order flows?
THE ALL is MIND; The Universe is Mental
  • #59,083
  • Edited 9:04am Jun 27, 2019 8:02am | Edited 9:04am
Quoting Jairo
Fti, after some hesitation, I'm going to risk looking stupid trying to clear a doubt but I suddenly felt encouraged by your last reply to sutivserv. Sometimes the FX market looks like a videogame played by the market maker(s). Seems like they don't even need a real market to move prices. If they can quote then they can afford to move price to wherever they want at any time. They will just stumble upon the market (orderbook) and they will choose whichever action makes a profit in their books. I am not judging them in any way, just trying to correctly...
Jairo my friend.
Its not the bank's fault.
Interbank prices used to be played between banks needs for forex for their customers.
Because its a service fir fee paying customers its quoted 2 pips spreads foe dealing between banks directly to each other.
If any party i not like. I can refuse quote to deal.
In fact if i dealth my daylight deals. My back office ops peeps had to deliver the 1 bio usd ib 2 swift days and receive the corresponding currencies at domicile banks for my favour.

Then as i was retiring from market making. I realised there are retail quoting brokers that mostly fly by night quoted like interbank.
The twist was that the deals where modeled in futures derivatives styles. The twist was that the trade size was leveraged to 5%+-margining. With a topup or execute trade scam.
In forex interbank because all payments are cash settled volitilty price spikes means nothing.
In the sucidal modus operadi of margined traded forex., there is avenue for price spikes rob execute punters.

So how is that the fsult of the banks.
In fact none of your trafes ever makes it to the primary market makers.

Understand?

Regards

By the way
Minimum 1 deal forex interbank is 5 million usd.
If you are ice cream bank 2 million usd.
How many million your deals?

BANK CORP CUSTOMERSminimum deal 2 million usd. Price spread 10 pips best spreads by tmu. (treasury marketing unit)
Customers no get prices from dealers. Only banks. Financial institutions also i no lines to deal. Even some central banks i reject to deal.

All deals need cash settle in 2 business days in full currency.

Until retail forex forms governing body. I don't know. Is a croc pit still. Truth is margin trading is a hahahahaha check out how barings bank got conned bevome ink..... G

Understand greed.
What caused the snake eat an elephant.
No one force you deposit 50,000 trade 5 mio exposure. You can always trade up to 50K only.
That way yoy will forever escape trap.
But of course you are superman never gets bad position. All are analyst. I even want to throw away my analyst certifications. Is meaningless already. Anyone who has money buy a book they call themselves analyst. Hahahahah middle finger to em.

I heard 1 fred tham. No cert even can teach class collect money.issue certs.
I waiting someone sue him. Hahahaha but he clever hid in lawless zone. If my onfo correct he was fund manager of coopt that went bankrupt.

There too many stories i heard.
1 in china..... Pagoda something....american chinese, member of ccp i heard.

Latest story i heard.
Do correspondance course. Attend 1 month at uni.
Get degree analyst.
I was told. They cone asking for job. Identify marking.
They talk you know, you know.
Now banks very afraid of you know, you know speaking applicants. The term is tofu degrees.

Now i waiting who going to propose me issue certicate. Trained by fti on internet forum.
Truth is if you peeps appreciate me. Make the money in the markets. Any thing else will be a con.
If one is profitable trading. There id no need con others. In fact to stay profitable give away some help needy peeps.
  • #59,084
  • Jun 27, 2019 8:44am Jun 27, 2019 8:44am
Hi FTI, I have been following the tread for a few days, and wasn't sure you're the real FTI with so much fake news in MSM, making it hard to decide. I believe this is the real you, with the same wisdom and wittiness. Long live FTI, God won't take you home until your job here is completed, LOL. Keep living, and thanks for what you've done here. You've changed the life of a few thousand people not only in trading but what life really is. Thanks again. God bless.
  • #59,085
  • Jun 27, 2019 8:55am Jun 27, 2019 8:55am
Quoting zoomzoom
Hi FTI, I have been following the tread for a few days, and wasn't sure you're the real FTI with so much fake news in MSM, making it hard to decide. I believe this is the real you, with the same wisdom and wittiness. Long live FTI, God won't take you home until your job here is completed, LOL. Keep living, and thanks for what you've done here. You've changed the life of a few thousand people not only in trading but what life really is. Thanks again. God bless.
Thanks zoom
I understand.

I was told there is even a fti consulting.
Is not me.
If i form company, maybe a shop sell "thailand dog shit" .
That thingy is really tasty.
Is actially dried chicken floss rolled up like dog shit.
Hahahahaha.

Oops need check if mom fed the dogs yet.


Regards

https://www.google.com/search?q=thai...s1jsrlao0-bbuM
  • #59,086
  • Edited 10:03am Jun 27, 2019 9:02am | Edited 10:03am
Eeer if you see i show bank logos.
Is not advertisement.
Just trying show you where i've managed.

Regards

Don't hold your breath waiting.
Is not important.
Dying peeps seems like blow job Trumpets.
... Eeer trumpt bliw jobs?
Don't know, maybe is dying ego.
Deadmen tell no bragging rights tails. Eeeer tales
  • #59,087
  • Edited 10:36am Jun 27, 2019 10:09am | Edited 10:36am
Ok enough.
G20 I no have crystal balls.
If you listen to peeps selling speculations. Thats your business.
If you cannot access markets when statements are released then you have no trade access.
I used to have 197 counterpartys and 7 broker boxes trade with.thats because the bank is rich.
If you have only 1 borker access markets. Because of your leverage.
Thengood luck to you. Sucker.

No cystal balls pls.
Anyone with any info on positions will not let the cat out of the bag. Unless have wish to be sacked.

All the talking heads now. They are just looking for a job.

They just guessing. Red red red no black. Oops picture? Huh?? Wrong table??
I saw triangle, not roulette meh?
No stupid, thats for toilet cleaning. Slippery when wet.
Yayaya head and shoulders. Go wash your hair.
They prepared toilet bowls for you already.

Toilets in casinos, they are so classy. Even shit also cannot come. Shit is banned at entrance.
Carpeted toilet, oh shit.
I love things when is international standard.
All they show up.

Regards

Inserted Video
  • #59,088
  • Edited 10:57am Jun 27, 2019 10:46am | Edited 10:57am
Eeer, i don't care. Even if is cgtn.
Even if is professor.
Or huawei p
No bearing in a casino environment.

Better listen music than mouth fart.
No interest to shit flower p. Ooops flour p, when shit hits the fan.


Regards
  • #59,089
  • Jun 27, 2019 11:05am Jun 27, 2019 11:05am
Quoting fti
Ok enough. G20 I no have crystal balls. If you listen to peeps selling speculations. Thats your business. If you cannot access markets when statements are released then you have no trade access. I used to have 197 counterpartys and 7 broker boxes trade with.thats because the bank is rich. If you have only 1 borker access markets. Because of your leverage. Thengood luck to you. Sucker. No cystal balls pls. Anyone with any info on positions will not let the cat out of the bag. Unless have wish to be sacked. All the talking heads now. They are just...

"They prepared toilet bowls for you already."
if anyone recalls. once a big big big player says "we make chart patterns"
don't predict direction, but dance with flow of water
  • #59,090
  • Edited 11:21am Jun 27, 2019 11:11am | Edited 11:21am
Ya. But propaganda means nothing.
Even figs that cannot be independently verified. Can be dressed up.
You don't understand?
Ok how many fish in the sea.
They can give you a figure. I can't.
Understand?

Hahaha i not even told you which sea.
See?

Regards.

Last time is global warming.
Now that they are freezing to ice. Is climate change.
Al ni neo??? Al capone
Is all about funding.
No funds al geranimo

Even the un head what.
On chinese new year he spoke on tv and media wish me fat chong kung zi. 'backside get puse'
Eeer solli not me. All chinese.
  • #59,091
  • Jun 27, 2019 11:16am Jun 27, 2019 11:16am
Quoting fti
{quote} Jairo my friend. Its not the bank's fault. Interbank prices used to be played between banks needs for forex for their customers. Because its a service fir fee paying customers its quoted 2 pips spreads foe dealing between banks directly to each other. If any party i not like. I can refuse quote to deal. In fact if i dealth my daylight deals. My back office ops peeps had to deliver the 1 bio usd ib 2 swift days and receive the corresponding currencies at domicile banks for my favour. Then as i was retiring from market making....
where is my certificate?
don't predict direction, but dance with flow of water
  • #59,092
  • Edited 11:36am Jun 27, 2019 11:25am | Edited 11:36am
Quoting priceaction1
{quote} "They prepared toilet bowls for you already." if anyone recalls. once a big big big player says "we make chart patterns"
Ya i also guilty.
Then highlight to propaganda.
They love secret stories. Ask any woman.

Regards.

Sheeee, secret.
https://m.facebook.com/story.php?sto...44701216022708

Now you understanding??

Where all the riches comes from???

Understanding or not???
  • #59,093
  • Edited 11:50am Jun 27, 2019 11:27am | Edited 11:50am
Quoting priceaction1
{quote} where is my certificate?
Alredy you took. I saw in james bond posting.
Ooooi you spend on drs Ask me for more?
Okok heres the bank vault keys..
Have 20 secyrity guards only at lunch time.

Regards

Eeeeer bribe then hor. Not kill them.
You give lots. They can even wish you all sorts in your chosen language.
Even open lorry door for you.and report 500 peeps mob the bank.
  • #59,094
  • Jun 27, 2019 11:54am Jun 27, 2019 11:54am
Quoting fti
{quote} Alredy you took. I saw in james bond posting. Ooooi you spend on drs Ask me for more? Okok heres the bank vault keys.. Have 20 secyrity guards only at lunch time. Regards Eeeeer bribe then hor. Not kill them. You give lots. They can even wish you all sorts in your chosen language. Even open lorry door for you.
With my utmost respect.......We are touching 60,000 posts on this thread and I still have no idea what this thread is about.... just ramblings or is there a specific trading strategy discussed? my apologies but when I first found about this thread, all the "recovery" techniques were just a turnoff to me at that time so did not bother to follow what was shared. Then I returned one more time to see more of just casual chit chat and I come here again to see the same.

I just continue to be amazed by such long running "discussion" threads and what value it offers to traders in the long run. the 90+% losing rate is still in the 90th percentile range for over a decade. Just wondering what contributions such forums offer in a personal growth of a trader and towards their profitability (if any)?
Staying in my lane...
  • #59,095
  • Jun 27, 2019 11:55am Jun 27, 2019 11:55am
Quoting fti
{quote} Ya i also guilty. Then highlight to propaganda. They love secret stories. Ask any woman. Regards. Sheeee, secret. https://m.facebook.com/story.php?sto...44701216022708 Now you understanding?? Where all the riches comes from??? Understanding or not???
yes, Understanding.
don't predict direction, but dance with flow of water
  • #59,096
  • Edited 12:23pm Jun 27, 2019 11:59am | Edited 12:23pm
Quoting VEEFX
{quote} With my utmost respect.......We are touching 60,000 posts on this thread and I still have no idea what this thread is about.... just ramblings or is there a specific trading strategy discussed? my apologies but when I first found about this thread, all the "recovery" techniques were just a turnoff to me at that time so did not bother to follow what was shared. Then I returned one more time to see more of just casual chit chat and I come here again to see the same. I just continue to be amazed by such long running "discussion" threads and...
Only one word for you.
LAZY.
OK 2
STUPID.

I no like go bar.
I am here because i drinking.
And its free. I no money pay bill.

HE THOUGHT I WAS SAME AS HIM.
He has no respect. And he lies.

Why don't you try write 60,000 post.
Try.
Too laxy or no brains?

3rd word.
Ungreatful brat.

60,000 post and you learned nothing.

Ai ya he just wasted my precious time talk to stone more productive.
I forgot some will remain until they dead same useless.

Nevermind now he will know why he never succeeds. When he fails he will remember me tell him why he so useless.
Even that i think he will not learn.

Even a fish will not be captured if knows when to keep mouth shut.
  • #59,097
  • Jun 27, 2019 12:20pm Jun 27, 2019 12:20pm
Quoting VEEFX
{quote} With my utmost respect.......We are touching 60,000 posts on this thread and I still have no idea what this thread is about.... just ramblings or is there a specific trading strategy discussed? my apologies but when I first found about this thread, all the "recovery" techniques were just a turnoff to me at that time so did not bother to follow what was shared. Then I returned one more time to see more of just casual chit chat and I come here again to see the same. I just continue to be amazed by such long running "discussion" threads and...
sir,
This place is not for you plz.
don't predict direction, but dance with flow of water
  • #59,098
  • Jun 27, 2019 12:37pm Jun 27, 2019 12:37pm
Quoting VEEFX
{quote} With my utmost respect.......We are touching 60,000 posts on this thread and I still have no idea what this thread is about.... just ramblings or is there a specific trading strategy discussed? my apologies but when I first found about this thread, all the "recovery" techniques were just a turnoff to me at that time so did not bother to follow what was shared. Then I returned one more time to see more of just casual chit chat and I come here again to see the same. I just continue to be amazed by such long running "discussion" threads and...
with due respects, if difficult to follow others atleast follow your signature please. 90% wants the crystal ball indicator dipped in the holy grail. trader can't make money so they think they teach machine to trade unlike them, and make money :-(

edit: if not 60K posts atleast the first 200 pages sir. then you decide whether its for you or not. for now, we not worry about the 90%
  • #59,099
  • Jun 27, 2019 12:39pm Jun 27, 2019 12:39pm
Inserted Video
don't predict direction, but dance with flow of water
  • #59,100
  • Jun 27, 2019 12:43pm Jun 27, 2019 12:43pm
Quoting priceaction1
{quote} sir, This place is not for you plz.
No worries. I am not looking for new home to socialize.

I came across your pdf which has not been updated since May 2014 so most likely not a whole lot of worthwhile reading since then... which supports the point I made. Regardless, I am certainly not here to argue or disagree. It's just an observation and a possible correlation I made. Maintaining a thread for so long is a lot of work for sure so that I would have to agree.

And finally, the only trading book I have ever purchased from a book store is Sun Tzu's Art of War for Traders and Investors and that too a used book for $3.99

I am no fan of gurus and calling me lazy for not reading a thread shows the maturity. No need to dwell so consider me gooone.
Staying in my lane...
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