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Technical Analysis Fallacy

  • #14,261
  • Apr 13, 2010 6:23am Apr 13, 2010 6:23am
Quoting auxesis
A few years back FXCM was one of the worst, they actually shut their platform down during high volatility, they would announce in advance of important news announcements to expect execution delays...... mumble, left them and never looked back.

Oanda has been very reliable, with exception of spreads, until late..

@FTI, they don't target as their forum boards are over run with complaints as of late on this matter, they did a server maintenance a few weeks back and it seemed to be better, but yesterday I did notice some periods of delay, was...
Every upgrade and maintianance with oanda is a step backward in terms of stability. Takes time for them to fix the issues.
  • #14,262
  • Edited 6:46am Apr 13, 2010 6:32am | Edited 6:46am
Quoting aiyahmarklah
I am surprised you are still using the bucketshops. Unlikely OANDA select customers, IG and CMC does that.

http://currenex.com/about_us_white_label.html
mark,
they just do different things,la
IG kicks you out of their platform and needs you sign in again and CM..........
I can understand , for IG they making fixed spreads in fast markets , can get very hairy. Sometimes they try you for better fill. That shows that they are not so crappy.
Oanda platform updates prices but functions hangs.

Its all different modules la.
Spot interbank dealers , tells you, "sorry wide, please not hold my price" But i not need waste time signin again. At least i still can deal.

So is it wrong for me to conclude that i think the internet electronic board is so,so crappy.

Funny thing is this always happens when i trying tp positions. Of course i know they tracking my blotter, how else they calculate running P&L. They even track my mouse moves, how else they know I hit or take a trade. But to create access problems, smells very fishy to me. Seems like counter-measures to me. No question. Not forget they counterparty to trades. Already that is very very "conflict of interest". In spot interbank , dealers are dealing and market making, brokers are just broking.

Because the bucketshop sizes are not marketable interbank, so they function dualistically. But when they abuse their privilege, and use IT counter-measures, that raises major RED flags. And I am talking from, having "enjoyed" their excesses.


regards
  • #14,263
  • Apr 13, 2010 6:36am Apr 13, 2010 6:36am
Quoting fti
mark,
they just do different things,la
IG...
Hi FTI

ECN brokers like a profitable traders, others are fighting for their money.
Regards
  • #14,264
  • Apr 13, 2010 6:39am Apr 13, 2010 6:39am
funny thing sir ,
I ve come to a similar conclusion today ,

I ve spreaded accross few brokers now ,
mt4 gives requotes in live , when demo was smooth
oanda doesnt even connect in important situations ...
im going to try currenex next ... lets see how that goes...

small traders can never have real market access ...
citifxpro is only for usa n hk region, too bad ...

i hope the odds stacking against the small traders somehow makes the survivors a better trader ...

good day to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #14,265
  • Apr 13, 2010 6:40am Apr 13, 2010 6:40am
Quoting fti
mark,
they just do different things,la
IG...
Hey Chief I hear you, that's why I prefer CMC over IG where they re quote me instead of kicking me out.

Are you serious about tracking mouse moves ? I suspected that myself too, but just thought I am paranoid.
  • #14,266
  • Apr 13, 2010 6:41am Apr 13, 2010 6:41am
Quoting maheswara
funny thing sir ,
I ve come to a similar conclusion today ,

I ve spreaded accross few brokers now ,
mt4 gives requotes in live , when demo was smooth
oanda doesnt even connect in important situations ...
im going to try currenex next ... lets see how that goes...

small traders can never have real market access ...
citifxpro is only for usa n hk region, too bad ...

i hope the odds stacking against the small traders somehow makes the survivors a better trader ...

good day to all
Currenex generally very stable, only one time I got slipped...MEGA slipped.
  • #14,267
  • Apr 13, 2010 6:46am Apr 13, 2010 6:46am
Quoting aiyahmarklah
Are you serious about tracking mouse moves ? I suspected that myself too, but just thought I am paranoid.
Maybe it's me an paranoid, but I have suspected Oanda of that very thing, when I open a box to close or reduce size, there's a split second delay and usually a pip or two jerk against me. Now days I keep several open boxes with skew sizes for adding and closing.
  • #14,268
  • Apr 13, 2010 6:51am Apr 13, 2010 6:51am
Quoting maheswara
funny thing sir ,
I ve come to a similar conclusion today ,

I ve spreaded accross few brokers now ,
mt4 gives requotes in live , when demo was smooth
oanda doesnt even connect in important situations ...
im going to try currenex next ... lets see how that goes...

small traders can never have real market access ...
citifxpro is only for usa n hk region, too bad ...

i hope the odds stacking against the small traders somehow makes the survivors a better trader ...

good day to all
) mahes,
to me is balls breaking irritating.
Tell me why i need give buckets any business, when I can do it spot interbank, they always on.
I though I could join the electonic "in thingy".
But seems scammy and immatured yet.

regards
  • #14,269
  • Apr 13, 2010 6:53am Apr 13, 2010 6:53am
I have thought about the futures markets, but a close friend has informed me that route is not with out it's own problems. I think FTI nailed it on the head with the statement regarding the lower levels of the trading community.

fwiw, I pulled about 75% of my account from Oanda a few weeks ago, still undecided about where to go. The future of trading for a living in this country seems cloudy to me atm.
  • #14,270
  • Apr 13, 2010 6:56am Apr 13, 2010 6:56am
Quoting fti
I am well GEfx.
Just wanted to conclude my findings.

Had been having these problems i mentioned for some time already. Was thinking if I should shoutout the issue as the buckets are oblivious to it.
It is very frustrating that i have prices elsewhere , and have access problems to small positions with these bucket shop's IT issues. And because of margining , I am lapped with hedges elsewhere. These is causing me much nuisance and distractions from trades. and Not one but all these buckets display the same symptoms. So its gotta be universal for...
Hi all and FTI, nice to see you back. I was having issues with dukascopy friday night. Did anyone have similar? Could not open/close or modify any orders at the end of NY session.. hours before the large gap up on e/$. I am looking in to London Cap Group. I've not used currenex before, always been a mt4 buff but hopefully this will be the answer.
  • #14,271
  • Apr 13, 2010 6:56am Apr 13, 2010 6:56am
Quoting auxesis
Maybe it's me an paranoid, but I have suspected Oanda of that very thing, when I open a box to close or reduce size, there's a split second delay and usually a pip or two jerk against me. Now days I keep several open boxes with skew sizes for adding and closing.
Aux,
We wait , some smart auditors may be able uncover their modus operandi. Love to see one goes to jail for white collar crimes.
Need some very comp savvy and code inteliggent auditor to catch them red handed.

regards
  • #14,272
  • Edited 7:17am Apr 13, 2010 7:07am | Edited 7:17am
Quoting auxesis
I have thought about the futures markets, but a close friend has informed me that route is not with out it's own problems. I think FTI nailed it on the head with the statement regarding the lower levels of the trading community.

fwiw, I pulled about 75% of my account from Oanda a few weeks ago, still undecided about where to go. The future of trading for a living in this country seems cloudy to me atm.
Aux,
the traditional avenues for forex, are the banks (big ticket required) and the regulated exchanges. But for regulated exchanges , if you want to do pro trading, you MUST become at least, exchange non clearing member, otherwise your cost of bro makes trading too expensive.
For decades , i had been waiting for them to lower the cost for traders, still not in sight. Even tried starting 2 exchanges, but govt level politics killed it. Globex was stepping in that direction until management sharks found their way into it, and it died stillborn.

When buckets sprouted, i though this may be experimented. Seems, jumping from pot into fire? Its a sharks pool. Robot sharks?

regards
  • #14,273
  • Apr 13, 2010 7:16am Apr 13, 2010 7:16am
They can't track your mouse moves, as far as I know Oanda uses a java applet and there's no way they could spy on you. I'm not defending Oanda, maybe they don't like you and can program their server to respond "differently" to your requests. That's all they can do, nothing more.
  • #14,274
  • Edited 7:30am Apr 13, 2010 7:19am | Edited 7:30am
Quoting Sauron
They can't track your mouse moves, as far as I know Oanda uses a java applet and there's no way they could spy on you. I'm not defending Oanda, maybe they don't like you and can program their server to respond "differently" to your requests. That's all they can do, nothing more.
ai ya, Sauron, if they not tracking your mouse, how would they know if you click buy or sell ? And for oanda, when you rest your mouse on the buttons, a whole barrage of information is presented to you to "help" you with the maths.
There is no question if the mouse is being tracked. Only whether there are any hostile, sub modules that link to your blotter to help shade you (or hang your platform or serve you coffee( probably already know if yu take black or otherwise)).


regards
  • #14,275
  • Apr 13, 2010 7:42am Apr 13, 2010 7:42am
Oanda platform unstable this morning. Connectivity issues now 12 minutes after news.
  • #14,276
  • Apr 13, 2010 7:44am Apr 13, 2010 7:44am
When you click buy or sell you actually send a message to their server to execute an order. Of course they know you have done it.

When you rest your mouse on a button, their application is already programmed to show you that info. There's no special connection to their server in order for this to happen. They have no idea what you're doing with your mouse as long you don't press on a special function of their platform which must imply a connection to them.

Anytime you put your mouse on a link of a webpage, that link changes its color. This is how your browser is programmed, the creator of that webpage has no idea on which link you hover.

If Oanda would be able to track your actions, any actions, other than sending orders, log in/out etc which pertains to them, this would be the biggest security breach in the history of IT.
  • #14,277
  • Edited 8:00am Apr 13, 2010 7:45am | Edited 8:00am
I am with InterbankFX and they are a bucketshop like everybody else.

I know that they slip 1-2 pips every time I open the order box.

I know that they like to requote in fast markets till you throw your coffee mug at the wall.

I counter it with market entry / exit scripts and accept the slippage. Part of the deal.

I don't expect them to be honest. I also don't expect the big boys to be honest either.. shark eat shark.

Remember RefcoFX, they just took the money and ran. Any bucket shop can go belly up. Big and small. Banks too but more unlikely.

regards,

PS - I believe that Oanda does not even have a phone desk.. you can't square in case of IT problems.. I would not sign up for it. Wasn't there a rule to keep your Broker on the speed dial?
  • #14,278
  • Apr 13, 2010 7:46am Apr 13, 2010 7:46am
Quoting Sauron
When you click buy or sell you actually send a message to their server to execute an order. Of course they know you have done it.

When you rest your mouse on a button, their application is already programmed to show you that info. There's no special connection to their server in order for this to happen. They have no idea what you're doing with your mouse as long you don't press on a special function of their platform which must imply a connection to them.

Anytime you put your mouse on a link of a webpage, that link changes its color. This...
don't be naive
  • #14,279
  • Apr 13, 2010 7:52am Apr 13, 2010 7:52am
Do you think that citifx pro would be the best for US traders? There speads are bad though...
  • #14,280
  • Apr 13, 2010 7:52am Apr 13, 2010 7:52am
Hi fti,
I came across this great thread about two monthes ago. Lucky me! I am very new to the market.
Now I am on page 241 atm and reading. I ordered the books you recommended. Got one of them already, “Beyond Candlesticks”.
I plan to study “Japanese Candlestick Charting Techniques” and “Beyond Candlesticks” first since you said, and I quote,
“This is because the MO, MM can do nothing to you benefit, unless you either learn can read bar or candlestick charts at basic levels.” “The two Nison's books can be used as an introduction to basic candlecharts.” I am starting from zero at my own pace.
I do feel, as many do here, I owe you a great deal although you don’t think that way. Your largess, kindness, wisdom, effort, time is greatly appreciated!
Fu Zhou Long. I solute you!

Hi all,
Greetings from a newbie! Thank you for your contribution to this thread. Hope I can do the same.

Regards.


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