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Technical Analysis Fallacy

  • #581
  • Dec 13, 2007 3:45pm Dec 13, 2007 3:45pm
One more thing ...

Please DO NOT PM me right now about the private lessons either, because they are not yet even determined whether it will happen or not.

If/when the time comes, I will then let you know when sign-ups will take place.

Thank you!
  • #582
  • Dec 13, 2007 4:29pm Dec 13, 2007 4:29pm
To Fti ,

about dance

what best need to be a good dancer ?

practige ? feeling ? sense ? or else ?

regards,

L
I Deeply Love My Virtual Life In Virtual World , RLC
  • #583
  • Dec 14, 2007 3:19am Dec 14, 2007 3:19am
Hi Leighsww, you are one funny lady. Alright , I don't want to sound like a smart ass, forgive me if I do, but since fti, had given so many clues i can't help but try to solve the puzzle. I heard what you said about the progression of the lessons, but I have just one question before this weekend otherwise it will drive me nuts, lol. Ok a simple yes or no will do. And again I appologize as a lot of people will probably not get this and it might come later if I'm right. If we are talking about MO and battle sequences, I would have to say that those (battle sequences) cann't be performed effectively without a proper understanding of a golden spiral ratio and the way to apply it, phi being the key and it's skew. I think fti called it a logarithmic ratio. In any case I just would like you to tell me if I'm right or not, because if I'm than everything else falls into place and I know exactly what the hints were. If I'm not I wouldn't like to venture out into a wrong direction. So, my fair lady a simple yes or no
  • #584
  • Dec 14, 2007 4:42am Dec 14, 2007 4:42am
Hi ALL,

For those of you trading live on MT4.
BEWARE, yesterday.
very frustrating bug, or
programmed error subroutine, don't know
"trade context busy" error.
Errors inhibit changing orders, in fast markets.
Then at critical turn point in the market.
Keep getting "no connection" error for attempts to hit market,
while line is ok for all other internet activities.
Then things goes back to normal and can hit,
after market shades 10+ away from critical zone.
Something smells.
profit & loss difference big $$.

Broker demo is Alpari UK.

SYSTEM RED FLAGGED.
Trading against computer program???
Queen bee not arrived yet.

regards
  • #585
  • Dec 14, 2007 4:57am Dec 14, 2007 4:57am
Quoting fti
Hi ALL,

For those of you trading live on MT4.
BEWARE, yesterday.
very frustrating bug, or
programmed error subroutine, don't know
"trade context busy" error.
Errors inhibit changing orders, in fast markets.
Then at critical turn point in the market.
Keep getting "no connection" error for attempts to hit market,
while line is ok for all other internet activities.
Then things goes back to normal and can hit,
after market shades 10+ away from critical zone.
Something smells.
profit & loss difference big $$.

Broker demo is Alpari UK.

SYSTEM RED FLAGGED.
Trading against computer program???
Queen bee not arrived yet.

regards
That might just be Alpari and not MT4 in general. I'm still getting good fills with my ODL MT4 - even during the FMOC announcement, when my new demo from a Swiss broker froze up and kept me out of a 250 pip "profit"
Trading Levels with WRBs
  • #586
  • Dec 14, 2007 5:13am Dec 14, 2007 5:13am
Hi ALL,

@ Islander,

Your suggestion is possible.
Do not have time for ODL demo now,
Will condider after holidays.
Scary though, if they can switch off.
If interbank broker does that, box off for 1 month and until their bosses can rectify situation.
Probably box handler get head chewed off.
Still scary though.

Thanks
regards

PS:@ gene , yes
Don't go there , MO inconplete yet.
  • #587
  • Dec 14, 2007 5:28am Dec 14, 2007 5:28am
This thread only gets better and better. Have read AOW after a few years of not doing so.. Now what gene said has peaked my interest even more.. Don't keep us in the dark for too long fti, we may just turn insane.


Bob
  • #588
  • Edited 6:26am Dec 14, 2007 5:44am | Edited 6:26am
Hi ALL,
and AGAIN today, dirty bast--ds
Attached Image (click to enlarge)
Click to Enlarge Name: alpari.jpg Size: 105 KB
  • #589
  • Dec 14, 2007 5:45am Dec 14, 2007 5:45am
Quoting fti
Hi ALL,

@ Islander,

Your suggestion is possible.
Do not have time for ODL demo now,
Will condider after holidays.
Scary though, if they can switch off.
If interbank broker does that, box off for 1 month and until their bosses can rectify situation.
Probably box handler get head chewed off.
Still scary though.

Thanks
regards

PS:@ gene , yes
Don't go there , MO inconplete yet.
Hi FTi,

I use MT Demo for chartings. Like Islander I highly recommend ODL Demo, not a flaw and abnormal quotes for a few months since I used it. I have tried a number of MT broker demos before, some of them disconnect from time to time, and some others have abnormal quotes frequently, as compared to ECN quotes I am using.

I have read and re-read this thread and now I print out a hard copy for better understanding. Many thanks indeed, I just I can dance well with the market some time in the future. :

best regards
pipal
  • #590
  • Dec 14, 2007 5:46am Dec 14, 2007 5:46am
Quoting fti
Hi ALL,

For those of you trading live on MT4.
BEWARE, yesterday.
very frustrating bug, or
programmed error subroutine, don't know
"trade context busy" error.
Errors inhibit changing orders, in fast markets.
Then at critical turn point in the market.
Keep getting "no connection" error for attempts to hit market,
while line is ok for all other internet activities.
Then things goes back to normal and can hit,
after market shades 10+ away from critical zone.
Something smells.
profit & loss difference big $$.

Broker demo is Alpari UK.

SYSTEM RED FLAGGED.
Trading against computer program???
Queen bee not arrived yet.

regards
Hi fti

From what I have noticed, you will get strange behaivour from most platforms. I have an Alpari demo (non-UK) account for charting and Alpari UK live for trading. I have found that the live account tends to re-quote often in active markets but have experienced little network issues with either (Alpari demo being in Russia).

I also have a live CMC markets account and although that re-quotes, my acceptance gets filled whereas even if I accept the Alpari UK re-quote it tends to re-quote again. I have experienced many network issues with CMC even though they are also in the UK.
  • #591
  • Dec 14, 2007 5:52am Dec 14, 2007 5:52am
@FTI,

What do u think of exit strategies?
The trading world is split among one of the following three strategies:
1- not using a take profit order as it limits ur profits and contradicts the golden rule let profits run.

2 - somewhere Inbetween, by splitting the position in two portions, one to exit at a profit target and the other to ride the trend. and my take on this one , is the imbalance between profits and losses, we take a full loss on two portion but when it comes to profits we take 50% at PT and another 50% which may gets us out at break even , a loss or a win.

3- third and last campaign , using profit targets and followers of this campaign say that it's good for their bottom line , as we can not capture the whole move, we take what we planned for and then stand aside preparing for the next trade.

what do u think?

Jake Bernstein and Larry Williams , they both use the 1st method, I saw them in one of their seminars stressing on letting the profits run rule and how to ride the trends.

ur insight is highly appreciated
Enter Signature
  • #592
  • Edited 6:30am Dec 14, 2007 6:11am | Edited 6:30am
Hi ALL,

@ pipal,
Thanks for advice,
Hope you learn to dance well.

@Zoran.
Requoting on fast markets is acceptable,
Marketmakers also don't want to be sitting ducks for our shooting them.
Even interbank , we move fast, in fast market situation.
But if switch off, to deny trader of market access.
That for me SUPER RED FLAG.
totally unacceptable, already traders got problem of net-lines and isp.
Plus platform deny access for trading, might just as well give then the $$,
no need to trade.
I speculate, but I suspect they may have switched off receiving orders.
I sure hope not, then broker trust is so vital.
How to find professional brokers seem like big peoblem.
If get professional executioner to trade with, might as well be in death roll.
Even super trader would be executed, wonder are they executing order or trader.
At the bank, Forex brokers cannot play with us, If they try to be funny.
They can close shop. 1 tier1 bank off box all buddies also off box.
Maybe, no size get bullyed, then size matters in retail, huh.

I am not familiar with retail brokers.
demo many already, still doubtful.
Thanks for info

regards
  • #593
  • Dec 14, 2007 6:40am Dec 14, 2007 6:40am
Quoting fti
Desiderata

Go placidly amid the noise & haste,
And remember what peace there may be in silence.
As far as possible without surrender, be on good terms with all persons.
Speak your truth quietly & clearly; and listen to others, even the dull and ignorant;
They too have their story.

Avoid loud & aggressive persons,
they are vexations to the spirit.
If you compare yourself with others, you may become vain & bitter;
For always there will be greater and lesser persons than yourself.

Enjoy your achievements as well as your plans.
Keep interested in your own career, however humble;
it is a real possession in the changing fortunes of time.
Exercise caution in your business affairs;
For the world is full of trickery.
But let this not blind you to what virtue there is;
Many people strive for high ideals; & everywhere is full of heroism.

Be yourself.
Especially, do not feign affection.
Neither be cynical about love;
For in the face of all aridity & disenchantment, it is perennial as the grass.
Take kindly the counsel of the years, gracefully surrendering the things of youth.

Nurture strength of spirit to shield you in sudden misfortune.
But do not distress yourself with imaginings.
Many fears are born of fatigue & loneliness.
Beyond a wholesome discipline, be gentle with yourself.
You are a child of the universe, no less than the trees and the stars;
You have a right to be here.

And whether or not it is clear to you, no doubt the universe is unfolding as it should.
Therefore be at peace with God, whatever you conceive Him to be,
and whatever your labors and aspirations,
in the noisy confusion of life, keep peace with your soul.
With all its sham, drudgery and broken dreams, it is still a beautiful world.
Be careful. Strive to be happy.

Statement of a dispassionately pristine cosmos!
The road to pipland is arduous and fraught with challenge.
  • #594
  • Dec 14, 2007 6:41am Dec 14, 2007 6:41am
Quoting fti
Hi ALL,

@ pipal,
Thanks for advice,
Hope you learn to dance well.

@Zoran.
Requoting on fast markets is acceptable,
Marketmakers also don't want to be sitting ducks for our shooting them.
Even interbank , we move fast, in fast market situation.
But if switch off, to deny trader of market access.
That for me SUPER RED FLAG.
totally unacceptable, already traders got problem of net-lines and isp.
Plus platform deny access for trading, might just as well give then the $$,
no need to trade.
I speculate, but I suspect they may have switched off receiving orders.
I sure hope not, then broker trust is so vital.
How to find professional brokers seem like big peoblem.
If get professional executioner to trade with, might as well be in death roll.
Even super trader would be executed, wonder are they executing order or trader.
At the bank, Forex brokers cannot play with us, If they try to be funny.
They can close shop. 1 tier1 bank off box all buddies also off box.
Maybe, no size get bullyed, then size matters in retail, huh.

I am not familiar with retail brokers.
demo many already, still doubtful.
Thanks for info

regards
try www.dukascopy.com

regards
  • #595
  • Dec 14, 2007 6:42am Dec 14, 2007 6:42am
Quoting fti
I am not familiar with retail brokers.
demo many already, still doubtful.
Thanks for info

regards
Yes, there are many problems on the retail side though I have only traded live, not demo. I use demo for charting only. I have found this to be less problematic when trading longer term with my system.

Have you tried an ECN? My understanding is they are on your side and take commission only but you need a larger account to open. £50k or something.
  • #596
  • Dec 14, 2007 7:28am Dec 14, 2007 7:28am
Hi ALL,

@ bobblong
Thanks for kind words.
The problem is all are at different levels,
So I guess have to do it step by step.
My problem is time constrains.
Leighsww has been very kind to help, thanks Leighsww, Hugs,

So have patience, all will get there, but step by step, to be organised. OK.
Even she is learning new stuff.

@ chfjunkie
Like I said all are at different levels.
My question to u is, why are you trying to ride th whole waves?
Can you catch every tops and bottoms?

As trader you just want to make money, thats all.
Managing positions is the key.
That's why banks pay so much $$ for people to manage the risk.
Otherwise they can buy a super computer to trade , its so much cheaper.

You are not correct in your assumptions.
there are a variance of a million ways to manage the positions.
It depend on trader mindset,MO, expactations, greed, fear, riak tolerance and market conditions.
Even amongst dealers this vary.
Just check you own trade records, even you,manage differently at different modes.
So its not clear cut into camps.

Jake is a good cyclical trader. He trades like 3 to 5 times a year.
The other times he sells seminars. Larry, like jake sells writings.
Their MO is investing , its differnt.
Thats why they don't use syops, they manage from afar.
Its differnt from trading without stops MO in that sense.
To each its own.
If you want to trade as investor, and have deep pockets,
go buy or sell the physical USD/currency and wait.
If you profit, the ROIs are invertor range. If wrong treat it as bad call. It cannot go to zero.
Go do you business and make money then add to investment again.

If you trade with stop loss, mostly become sitting duck paper.
If stop is far away serves no purpose. If too near market gets swept.
Chances is markets will fill you, Only question is when.
If you like fish head & tails, OK.
Sorry can't have the cake and eat it at the same time.
There are more than one way to skin a cat.... sorry Antra my bad.... tiger,
If you want see how pros do it, then.......

Just 2 cts.

regards

@ Zoran,
Thanks , noted.
Seems the brokers are not on the ball for retail customer.
Maybe a Retail traders association should be set up to deal with the errant ones.
They cannot operate , if bad ones are identified and traders don't trade with them.
Authorities can only do so much as to slap their hands , when cases appears with proof.
Anyway my intensions here was to check their market out. But this thread is about trader education, so follow along with Leighsww for your education.
I think we can leave the Brokers thingy to matured traders in 1kt to find solutions to.
I read a Forex-bastard website that trys to deal with the problem.
One question in my mind is why arn't these brokers operating in Sg. Its One big Forex center? WHY?

Thanks for help guys, Just wanted to hightlight a problem, if not already identified.
My quest continues, but for the moment, haolidays acalling.

Bye for now
Regards.
  • #597
  • Edited 12:45pm Dec 14, 2007 7:28am | Edited 12:45pm
Quoting fti
Hi ALL,
@Zoran.
Requoting on fast markets is acceptable,
Marketmakers also don't want to be sitting ducks for our shooting them.
Even interbank , we move fast, in fast market situation.
But if switch off, to deny trader of market access.
That for me SUPER RED FLAG.
totally unacceptable, already traders got problem of net-lines and isp.
Plus platform deny access for trading, might just as well give then the $$,
no need to trade.
I speculate, but I suspect they may have switched off receiving orders.
I sure hope not, then broker trust is so vital.
How to find professional brokers seem like big peoblem.
If get professional executioner to trade with, might as well be in death roll.
Even super trader would be executed, wonder are they executing order or trader.
At the bank, Forex brokers cannot play with us, If they try to be funny.
They can close shop. 1 tier1 bank off box all buddies also off box.
Maybe, no size get bullyed, then size matters in retail, huh.
regards
The question sometimes is whether they are really playing with you or is it a legitimate network problem? Remember we are dealing with the internet here and not dedicated links. I'm sure you realise the interbank connection is based on many dedicated links and not the internet.

I have worked for many investment banks and a European clearing house (counter party). We have millions of pounds worth of equipment to ensure resilience and dedicated links for reliable connections but even then, we still had the occasional glitch however, it was a lot more reliable than the internet. The clearing house had millions of pounds guaranteed for compensation claims in cases where equipment failures did not allow trades to complete on time. I witnessed this happening once.

Perhaps a broker somewhere in Singapore could improve your situation?
  • #598
  • Dec 14, 2007 7:46am Dec 14, 2007 7:46am
Quoting Zoran
The question sometimes is whether they are really playing with you or is it a legitimate network problem? Remember we are dealing with the internet here and not dedicated links. I'm sure you realise the interbank connection is based on many dedicated links and not the internet.

I have worked for many investment banks and a European counter party. We have millions of pounds worth of equipment to ensure resilience and dedicated links for reliable connections but even then, things still tended to go wrong but a lot more reliable than the internet. The counter party had millions of pounds guaranteed from the banks for compensation claims in cases where failures did not allow trades to complete. I witnessed this happening once.

Perhaps a broker somewhere in Singapore could improve your situation?
Hi ALL,
@ Zoran,
In many ways , you are right.
Banks spend a bomb , to get multiple market access avernues.
As they trade value spot, they are not dependent on one source.

But for retails, we are forced to one source and they even do not match B/S netting.
They use the corp word "hedge" so erroneously, should be FIFO. Traders cannot match off on book let alone inter broking netting of positions. This is because of margining. So looks like the retails markets are not matured enough for real trading yet. Maybe just gaming. I guess a lot of teething problems yet.

Thanks for info.

Gotta sign off.
Good Fortune.

regards
  • #599
  • Dec 14, 2007 7:48am Dec 14, 2007 7:48am
There are several good threads in FF but this one has got to be right up there with the very best. Not only because of the content's quality but also because the thread starter fti has actually put in lots of efforts to educate us in his ways and philosophies. Its certainly very refreshing from what others are doing. Give system teach system use system!

As what the Mastercard adverts would say "Priceless"!

I'm a little late to this thread but hopefully fti would be able to answer this statement which he had written in post 59

Quote

So if this market continues to go up. Then You miss the bus ( borrowed from leighsww) ,right? You missed the bus going north, why?
because you were at the bus stand waiting for the south bound bus, right?

...... You see, when bulls are making money, Bears are not.
When bears are making money bulls cannot.
But the one whos trying to catch both buses will sooner be dead. Crossing the road from one bus stand to another,
Because he could be at the north stand when the south bus comes, or the south stand when the north bus comes.
or mostly in th middle of the road, when both bus comes.

Do I make any sense?

Unquote

Yes, I understand where you are coming from but then again why can't a trader with valid reasons and context be prepared to enter on either the Long or Short depending on the markets tune? Surely, this is a mindset blockage. What is stopping us from taking the other side of the bus if we know our initial analysis is wrong or we are anticipating such action?

Why don't consider poems? Spreads are atrocious but at least you know they are reliable. On 2nd thoughts, you are on the 5 min charts....which makes a lot of difference. What about EFX or Man Financials? Anyone got comments on this 2?

p.s In Genting or Cameron highlands now?
  • #600
  • Dec 14, 2007 7:49am Dec 14, 2007 7:49am
Hallo fti and fellows!

Please note one of my old posts on forexbastards: #436

This is not really a sound and balanced reference in any way.

I am also working on a good MT4 platform with ECN standards and am talking to the owner on skype from time to time. No promises here, but I guess he will get things done. They have reprogrammed the MT4 basis into C++ on their own servers and have a long term history on options and futures, so they also apply different standards already.
So far it seems possible to use MT4 or three other platforms on their servers with ECN spreads on large accounts. But he seems to be open to group solutions also. (I am not an IB ... I just needed something for ME fast as I completely share the dislike of fti on what they do to us!)
As soon as I get somewhere I will let people know. And there are no brokers in SG, Germany, France or Japan as the regulations would make their kind of game illegal I guess. So only with a sound background like Deutsche Bank they are going forward, but are not good at charting and are very expensive.

In fact I also looked at FXLQ until they were closed by the NFA. Therefor I am in for more due dilligence now on all the possible players.

Will keep you posted and will re-read a lot on the weekend to not get the whip here on the AOW .

Ciao
Gnat

Eidt: Best retail brokers out there seem to be based in the UK, as the regulation seems sound, but not too tight!
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