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Technical Analysis Fallacy

  • #8,001
  • Jun 24, 2009 5:34am Jun 24, 2009 5:34am
Quoting aiyahmarklah
In the spirit of sharing thats all....I am testing this and TTN, gonna throw my fxstreet subscription away.

edit : just wanna share, news comes with many caveats, I feel more "professional" with a sqawk box style music in the background, hope fti don't mind.


share anything you like, except, STDs,chicken pox and H1N2.
  • #8,002
  • Jun 24, 2009 5:43am Jun 24, 2009 5:43am
Quoting fti


share anything you like, except, STDs,chicken pox and H1N1.
LMAO

I have neither of them don't worry....zzzzzzzzzzzzz



cable m5...ascending triangle
  • #8,003
  • Jun 24, 2009 6:02am Jun 24, 2009 6:02am
C u after dinner, gang.
  • #8,004
  • Edited 6:35am Jun 24, 2009 6:22am | Edited 6:35am
Quick stop by: SNB intervention may be underway right now as CHF is being hit pretty hard.
Edit: up over 140 pips now, protecting 100. Saw the initial surge and did some quick checking, reading a news blurb that BIS was not commenting on SNB intervention actions. Good enough confirmation for me so entered quickly.
Edit 2: protecting 140, lets see how far they can drive this thing.
Edit 3: Out with 140, will wait now for a second entry on next surge, if there is one.
  • #8,005
  • Jun 24, 2009 6:26am Jun 24, 2009 6:26am
Think you could be right as nothing else is moving with it.

EDIT: Until I just posted, that is!
  • #8,006
  • Jun 24, 2009 6:31am Jun 24, 2009 6:31am
shit
  • #8,007
  • Jun 24, 2009 6:34am Jun 24, 2009 6:34am
oh wow,
lucky escape for me ,
got out at 1.4100 ... few seconds before the drop...
that too i used order since the market was getting volatile...
next time might not be so lucky ...
gonna open my small account , expecting more volatility in the NY session

edit:
chf is gettin hammered looks like the reason , funny mm saved my boys before following chf
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To Live is the rarest thing in the world , Most people exist , that is all
  • #8,008
  • Jun 24, 2009 6:45am Jun 24, 2009 6:45am
Quoting aiyahmarklah
Hi j pax, the window of opportunity for price latency has closed since market makers brokers stop the no slippage policy. That was free money then, made a small fortune out of FXCM
hello aiyahmarklah, you obvoiusly experienced how it worked and stopped working after policy change.... i was thinking slippage mainly effects limit orders....

can you explain the idea about what you said.... do you mean that marketorders sometimes fill to slow now, to use latency in scalping??
even with my eyes open i cannot see everything
  • #8,009
  • Jun 24, 2009 6:49am Jun 24, 2009 6:49am
I'm very proud of myself on this retreat, feel like a cold blooded professional

http://lh3.ggpht.com/_YiW8RQGg9nU/Sk...73951%20PM.jpg
  • #8,010
  • Jun 24, 2009 7:05am Jun 24, 2009 7:05am
funny thing is, I am suppose to make more pips with cable....its not fair.....
  • #8,011
  • Jun 24, 2009 7:06am Jun 24, 2009 7:06am
Quoting j-pax
hello aiyahmarklah, you obvoiusly experienced how it worked and stopped working after policy change.... i was thinking slippage mainly effects limit orders....

can you explain the idea about what you said.... do you mean that marketorders sometimes fill to slow now, to use latency in scalping??
Hi, its better to communicate through pm for this subject.
  • #8,012
  • Jun 24, 2009 7:17am Jun 24, 2009 7:17am
what the ? hit the fan?

Anyway , watch your own behinds, Durable goods torpedo coming.
Battle stations !
  • #8,013
  • Jun 24, 2009 7:46am Jun 24, 2009 7:46am
I would like to make some comment on this SNB intervention(though SNB refuse to make comment )

I remember once fti said-- you can't be so nimble that you buy at seeing a green candle and sell at seeing a red candle. I thought, then, which green/red is worth buying/selling ?

Today, I was eating, the table is set at a position that can see the screen in study room through the door. Suddenly I saw a red candle, really big, coz normally there's nothing special from such a distance. I jumped over, squared it immediately, didn't even count the pips-- I know how big a normal candle looks like.

My conclusion is -- the speed of the candle is the key. A normal candle on 1 minute chart is somewhere between several pips to 10 pips. If it's more than 20 pips, there's no room to hesitate.

Criticize if I'm wrong.
  • #8,014
  • Jun 24, 2009 8:05am Jun 24, 2009 8:05am
Quoting imjscn
I would like to make some comment on this SNB intervention(though SNB refuse to make comment )

I remember once fti said-- you can't be so nimble that you buy at seeing a green candle and sell at seeing a red candle. I thought, then, which green/red is worth buying/selling ?

Today, I was eating, the table is set at a position that can see the screen in study room through the door. Suddenly I saw a red candle, really big, coz normally there's nothing special from such a distance. I jumped over, squared it immediately, didn't even count the...
Hi. I entered my trade after the move had been underway for over 30 minutes and after a slight pull back. Was not counting minute candle moves, so can't help you there. The pair had moved about 60 pips, and if it was truly intervention by the SNB, it was going much farther than that. A risky trade but it/I fit my trading strategy. At this time, still waiting for follow through action, and trading other pairs, too.
  • #8,015
  • Jun 24, 2009 8:15am Jun 24, 2009 8:15am
more crazy stuff coming 9:30 10:00 10:45 02:15
watch OUT.
  • #8,016
  • Jun 24, 2009 8:36am Jun 24, 2009 8:36am
Quoting imjscn
I would like to make some comment on this SNB intervention(though SNB refuse to make comment )

I remember once fti said-- you can't be so nimble that you buy at seeing a green candle and sell at seeing a red candle....
nothing wrong , its the thing that builds ur intuition and market feels ... after some good amount of screen time, its almost intuitive ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,017
  • Jun 24, 2009 8:43am Jun 24, 2009 8:43am
Yup, intuition, I sort of getting close to the "feeling"
  • #8,018
  • Edited 9:38am Jun 24, 2009 9:17am | Edited 9:38am
market's like pigs herded up and down and round and round.
we are now awaiting abattoir to open for culling of dizzy pigs.

and may the force be with you, talk about feelings..huh
You go there and this thread will be classified "loony thread"
Why do you think the markets address market makers as, "those loony bins flying by the pants on their seats"
Who let that frog out???
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  • #8,019
  • Jun 24, 2009 9:27am Jun 24, 2009 9:27am
Quoting fti
What is likely is that you are trading some computers,tracking certain mmakers , with some programmed algorithms.

If I had a computer doing it, I would most certainly incorporate ,some account behavioural learning modules to track and lean the customers book as well.

regards
I don't really mind if that's how they do it as they'll be playing catch up with our behaviour. I mean, if they noticed that every time there was a sharp 20 pip move in a couple of seconds against me, I closed my position in a panic, then hopefully I can learn more quickly than their machines, and stop doing that. In fact it could even work for you. And I guess they can't be too blatant about that sort of thing or our charts would all start to look different to each others.
  • #8,020
  • Jun 24, 2009 9:40am Jun 24, 2009 9:40am
Quoting ukmanthailan
I don't really mind if that's how they do it as they'll be playing catch up with our behaviour. I mean, if they noticed that every time there was a sharp 20 pip move in a couple of seconds against me, I closed my position in a panic, then hopefully I can learn more quickly than their machines, and stop doing that. In fact it could even work for you. And I guess they can't be too blatant about that sort of thing or our charts would all start to look different to each others.
sure, wait till the algo learns to shade a couple of pips, by reading your blotter, then you will be trading 15 pip spreads instead of the 4 you pay now. This is the reason to have many bro kers. Arbitrage and stealth mode positions as well as contingency market access.
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