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Technical Analysis Fallacy

  • #9,861
  • Aug 22, 2009 11:42am Aug 22, 2009 11:42am
Quoting ukmanthailan
Hi j-pax, thanks for the advice. My problem is I do not have a credit card and so cannot verify a paypal account so it makes paypal next to useless for me because after you have withdrawn something like $250 from your account you must get it verified. I could use my girlfriend's paypal I guess but then I will have to set the Oanda account up in her name as they don't accept funding from third parties as far as I know.

It's useful to know you can use paypal for this though - can I ask how long the money takes to be credited to your Oanda account...
i have only made my first deposit and this was on my account in 3-4 days because of administration time.... i am curious to know also.

and the first deposit failed because paypal showes my normal name jacco and there is my christian name on my pasport.

about alpari/uk , i use this for charting and very often is see no price-action and look at right/below and see server down and have to scan again. is this my computer or do you also have this??... 2 times in an hour sometimes more.
even with my eyes open i cannot see everything
  • #9,862
  • Edited 12:00pm Aug 22, 2009 11:50am | Edited 12:00pm
I just checked the Oanda site and unfortunately paypal transfers are not free (and are even more for non-US customers):

Quote
Service charges: For PayPal account holders from the USA, a service fee of $0.30 per transfer plus 1.9% of the total amount transferred will be deducted from your margin deposit. For International (Non-US) PayPal account holders, a service fee of $0.30 per transfer plus 2.9% of the total amount transferred will be deducted from your margin deposit

Re. Alpari, it does disconnect a few times a day, but immediately reconnects for me (automatically). The only time I saw no price action for a few minutes on the charts was the occasion mentioned a few posts above (9855).
  • #9,863
  • Edited 12:20pm Aug 22, 2009 12:06pm | Edited 12:20pm
Quoting ukmanthailan
I just checked the Oanda site and unfortunately paypal transfers are not free (and are even more for non-US customers):



Re. Alpari, it does disconnect a few times a day, but immediately reconnects for me (automatically). The only time I saw no price action for a few minutes on the charts was the occasion mentioned a few posts above.
Ok sorry for the bad info. i did not see something weird about the amount on my account because i have euro on my paypal and i've made a deposit in usd

didn't do my homework... my bank charges 8 euro for international payment plus extra for foreign currency, with 2,9% of the total amount transfered for paypal i am better off with the bank when i deposit over 300 euro

i will let alpari reconnect automaticaly coming week.... i look at the connection indi. often and when i see it red i start clicking on rescan and this probably takes more time...

thanks, jacco
even with my eyes open i cannot see everything
  • #9,864
  • Aug 22, 2009 12:30pm Aug 22, 2009 12:30pm
You should hear a sound when it disconnects and another one when it reconnects (as long as you have the "enable" box ticked for events (tools--> options--> events tab).

If I hear it disconnect and then do not hear it reconnect then I would click the rescan thing, the same as you are doing.

No worries about the Oanda info - I was just checking if it was OK for me from Thailand and came across that information - but it is pretty hard to find anything on their site I think.
  • #9,865
  • Aug 22, 2009 12:47pm Aug 22, 2009 12:47pm
Quoting luSan
[...]

By the way, it seems that finally I got a full time job, probably starting on October -of course, after my CEO-wife approve the move to North Carolina. Then my trading will focus into the Tokyo session...I will turn into a vampire!
Hey Lusan,

great News.
But that means you do not move to Braunschweig or any other german town. Hmmh - the chance of a meeting with you has gone to zero ... ;-)(

However - I wish you all the best!
  • #9,866
  • Aug 22, 2009 1:28pm Aug 22, 2009 1:28pm
Quoting MaMood
Hey Lusan,

great News.
But that means you do not move to Braunschweig or any other german town. Hmmh - the chance of a meeting with you has gone to zero ... ;-)(

However - I wish you all the best!
Actually you are incorrect....not moving but Uhlauben until thing change...
I am deeply involved into studying german...1 hour a day...and my in-law are in Germany...who do not speak English...(I use a program called "Tell me More"...I love it...but those german verb past tenses are real killers.)
This Dezember I will have my chritmas vacations in Braunschweig and eventually I will take a trip south...maybe next year...to take you for a beer...Unless you want to meet me in Berlin...at my favorite Friederstrasse Buchhandlung.

Hey...I have a thought...any one of this tribe that want to have a beer in Berlin this xmas...the first beer is on me...then we take it from there.
Empty as water and soft as a facing wind mountain
  • #9,867
  • Aug 22, 2009 3:21pm Aug 22, 2009 3:21pm
mein Deutsch ist nicht so gut

When I studied German, many many years ago in high school, everything was either masculine, feminine or neuter .... and there was no relationship for some words and their gender.

Tschus

At the time I was dating a girl whose parents were from Germany and they mainly spoke German in their home. I studied German so I could figure out what was I was being called when she was mad
  • #9,868
  • Aug 22, 2009 4:11pm Aug 22, 2009 4:11pm
I was useless at German. I couldn't stand the way we were taught it at school to be honest. Nominative, genetive, accusative, dative...der, die, dem, das.....or something like that....I have suppressed the memory of it all. A pity really as I love learning languages.

Back on forex, I think I know why my trading is all over the place. I have not paid anywhere near enough attention to the basics. I am trying to run before I can walk. I have been trying to remedy this by studying up on chart patterns and going through the Technical Analysis of Stock Trends pdf.

For people with more experience the hard part of this MO may be to let go of some of their rigidity with TA but for me I need to learn it much more thoroughly or else I am not even aware of what is it that I should not be rigid about, if that makes sense... Like a painter who learns technique and then breaks the rules to accomplish something great...but without learning the rules in the first place he would just create a mess - a bit like some of my trading days!
  • #9,869
  • Edited 7:57pm Aug 22, 2009 7:15pm | Edited 7:57pm
I have been trying to remedy this by studying up on chart patterns and going through the Technical Analysis of Stock Trends pdf.

Hi UKman,

Have you read Joe Ross ebook (free on the net)? Oh I'm having with me.
it's quite good if you like it price action trading LL HL & HH LH.
I have few pdf files by joe ross. C if you like 'law of charts' - if you want some more let me know then I'll post by email coz the file is too big I cant post in FF(have already tried).

Sorry I didn't have time to reply on 'best place in the world to trade from' which I would like to do so. To busy on working even now 4 days a week (12hrs/day but still thinking work 5 days/week)) still busy may be I'm too old.

Sorry if this pdf file is too simple or basic for you.

best regards,

pete
Attached File(s)
File Type: pdf Law_of_Charts.pdf   187 KB | 971 downloads
  • #9,870
  • Edited 7:33pm Aug 22, 2009 7:22pm | Edited 7:33pm
Hi guys,

Forgot to post another small pdf file

best regards,

pete

Note: I dont know whether fti have some comment about 'trader trick entry'
Attached File(s)
File Type: pdf Traders_Trick_Entry.pdf   139 KB | 1,156 downloads
  • #9,871
  • Aug 22, 2009 7:25pm Aug 22, 2009 7:25pm
Hi Pete,

That's very kind of you. I just downloaded it to have a read.

Re. the other thread, I had better stop replying I think, or I will end up going way off topic. I don't like people who form an opinion of a country without ever going there to see it for themselves.
  • #9,872
  • Aug 23, 2009 5:35am Aug 23, 2009 5:35am
FTI ... I have been in the banking business for a while. Worked with numerous large interbank institutions.

I would like to exchange some thoughts with you, do you happen to have msn or skype?
  • #9,873
  • Edited 3:10pm Aug 23, 2009 2:51pm | Edited 3:10pm
Quoting DesertFX
FTI ... I have been in the banking business for a while. Worked with numerous large interbank institutions.

I would like to exchange some thoughts with you, do you happen to have msn or skype?
Yes I have.
Since You are spot interbank, if you will PM me your credentials and email thru FF, I shall be on outside line with you ASAP.

If subject is not of confidential nature, posting here may help others.

regards.
  • #9,874
  • Aug 23, 2009 2:59pm Aug 23, 2009 2:59pm
opens

14328/38
16490/00
9425/35
  • #9,875
  • Aug 23, 2009 3:12pm Aug 23, 2009 3:12pm
14328/31
16490/93
9430/33
  • #9,876
  • Aug 23, 2009 3:16pm Aug 23, 2009 3:16pm
Interesting

Oanda's shaded high
14330/37
16497/504
9428/9435
  • #9,877
  • Aug 23, 2009 3:25pm Aug 23, 2009 3:25pm
Quoting auxesis
Interesting

Oanda's shaded high
14330/37
16497/504
9428/9435
Hi auxesis,
Good Morning.

are the prices dealable?

I was informed that oanada, prices are elephant wide until tokyo in full swing. Wonder how professional the prices you are receiving. You ever dealt on their prices before?

regards

Prices from my squarkboxes are thin for volume. For voulme or small I have to ask.
  • #9,878
  • Aug 23, 2009 3:35pm Aug 23, 2009 3:35pm
31/34
00/06
38/41
  • #9,879
  • Aug 23, 2009 3:37pm Aug 23, 2009 3:37pm
Fti,

Good morning, yes the prices are dealable, as for size I don't know.

Their platform will accept orders up to $10M, LOL but I've never hit them for that.

Almost all of Oanda is Electronic, there's a backdesk you can call, but they really prefer you to use the platform for order execution.
  • #9,880
  • Aug 23, 2009 3:49pm Aug 23, 2009 3:49pm
Quoting auxesis
Fti,

Good morning, yes the prices are dealable, as for size I don't know.

Their platform will accept orders up to $10M, LOL but I've never hit them for that.

Almost all of Oanda is Electronic, there's a backdesk you can call, but they really prefer you to use the platform for order execution.
at 25 pips spreads roundturn +slippage. even I would deal.
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