Technical Analysis Fallacy

Hi textor

Only if you remember what he said FTI (or Gann).
"I do not tell this to my son and I will tell you?"

regards

g/u eyes open 4713
e/u 2296
a/u 8615

The question now is whether GBP/USD will go to 1.4764 area to kill the tight stops of the people who wanna follow it down or will it go for the stops below 1.4680

I love how they form S/R levels to make trader Joe to put his stop loss just below or above the S/R level.

Hi imjscn,

These days there are all sorts of connish tricks to get business. Bucketshops, they promise all sorts like less than 2 pips spreads+ promises , promises. But in fact what you are experiencing is true slippage.

From past experiences with Oanda,and some brokers,what i discovered is that the prices you get on screen is not real. When you click your mouse over them, the computers they use to track your account shades you according to your blotter.mostly for about 2 pips slippage on the average. So 2 pips bid , 2 pips offer, and 1 pip spread. That makes your real spread about 5 pips, not counting pipTITs(their invention, so they can call it any thing they like) that they shade using IT. So what you see is not what you get.

There are brokers eg:IG, who quote fixed spreads at 2 pips for Euro, 3 for the rest of the majors.They hold fixed to that even during fast wild markets.An amaizing feat. The catch? I experienced "Sorry, the price is not valid" more than 5 times before i get to fill my trade. Which also shades me to the extreme of the 5 mins, sometimes, although they claim no requotes as policy.

So in reality, what it is, is just marketing and lies.
Why?
Just think about it.
Corporations that dealt with my corp dealing desk , they trade min 2 mio USD, tickets, used to get 5 pip spreads from my corp dealers,when shaded normally another 5 pips slippage, and you, a little non marketable retail gets 1 pip spreads. reality check please.

I think all the retail bucket shops, they just want to scam you to think you have access, when you are in reality at their mercy. Promises that are too good to be true in the real world are just that, fANTAcies. Of course unless you had experience it, how do you prove that they are doing just that. So the lies stand in the public's eyes as valid. Have you heard anyone bringing these issues to task? Why? Because all the greedy traders live with it, as a "cost of trading" and the authorities..(technical problem).............So infact noone has any time for this shit.Its non-issue, so they scam away with it. Anyway all you chaps signed disclosure of IT risk already.And are fully aware of "THE RISK" involved in using it. and aware that trading on forex on the internet is not for every (any) one. So infact sounds like a financial death warrant.

For me, I am just old school dealer. "My word is my bond". Anyone that i catch lies, they out of my room, pronto. So once i find that they lied, their goodwill is finished. Credit worthyness is ZEROED.

In fact, after the retail experiments, what i believe is that none of your trades ever get to any bank. Spot Interbank will always be the OTC it is. And BUCKETS, they have nothing to do with banks, they just means to an end for punters(suckers). If you can afford it , go to where the real markets are.

Bucketshop trading , is just good only for experimental trading in very very small sizes. Its just another computer arcade game, akin to computer casinos and "one arm bandits"(jackpot). Only entertainment value.

regards

PS: imjscn, about credit risk, specific to "broker" you highlighted.
No contingency dealing desk, fully otomated,no backup SERVERS, no statements of accounts, no confirmation documentation of trades.No trading rooms(only marketing).No OFF-SITE DATA contingencies,..............
ONLY One question.
Would you deposit real money in any financial institution(banks?) that operates like similar?
the red flags, are
And talk about those that TT moneies to corps, they never even seen. Could be operating out of a van.

Imjscn, anyway you are making good pips. Just hold to the correct mindset and you will be ok. If you want true market access , go to banks, and drop the leverage. But of course they will not pump prices to you, so keep a foot in the bucket and keep the size in banks.

VAN DOWN BY THE RIVER

Textor,

You would have to understand the journey I've traveled. There are some studies that I appreciate, if just for the learning and knowledge.

Not every thing learned applies all the time, some don't fit the student, some don't fit the market, but it doesn't make the study bad. You need to understand or better stated intimately know the tool, and how and when to use it.

That knowledge doesn't happen by casual acquaintance.

So yes, some things/knowledge is dangerous in the hands of the novice. Running before learning to walk or crawl. I can personally testify to such

regards,

a

popular singapore army saying:
you thought i thought, who confirms? hahaha
formation happens...double tops....breakout etc...

i had scouts averaged at 320 by the time i pull the triggers i found my averages at 35...

then it turned so i scaled down at a loss, i din expect a deep pull back of such volitilty but it did happen.

reaveraged at lower pricings. and realigned the attacks, not a clean campaign.

as fti said, be wary of the short charts and its shades. this is exactly why my entries are not as quick, but its all fair in love and war. back to the casino...yeah thats what we little people have to content with lol

Thanks auxesis ... for understanding me

I just got up and of coarse had to take a look at the girls and they are standing there at this moment in a picture perfect pose (all in sync and stopped for a pose), its just a beautiful thing.

I think Im falling in love.

flirtitious, that is need to be watchful, nimbleness required!

no need to fall in love, just jump in and jump out when you're done with her - short term relationship will do

Im not hypmatized, they were just showing me what to look for.

i went to frenzy the first time i saw her 4 hours ago and flirting with me (naked)... and i did, a casual and brief relationship we had and oy oh boy... 'twas a nice quicky one

Hello, guys

Today EUR/USD is far more active than GPB/USD, which is strange to me, it's the first time I see such thing. I wonder what's the reason for that.

Good trading to all

But this is realy good i think. I borow it from Crucialpoint.
http://www.forexfactory.com/showthre...94#post3801894
It is about reticular formation in brain...
she rotates left or right?

Turn the direction of rotation.... look at her not directly but from peripheral.... and turn it in your mind...

Good day FTI. You mentioned bucketshops and tricks in a couple of posts and I find this interesting. May I ask, as I am unclear, when you say "bucketshops", do you mean all retail brokers? As this would include the likes of Currenex providers, or ECN (or STP) brokers who claim interbank feeds and liquidity and some banks brokering themselves eg Db. Or is that all part of their marketing? Have you tried any of them? Interactive Brokers or LCG are reputedly well suited for the high value trader like yourself. Or are there just a few buckets you have in mind?

This is good. At first she appeared to be rotating clockwise, then I got her to spin anti-clockwise. Then either way

Hi,
Your 1 st times postings?

The structure of the forex markets.
1st the Primary markets.
This is spot interbank....big boys stuff
There are tiers within her structure.

then there are secondary markets.
then there is tiers within these markets as well.

Your market access is dependant on where you are in this foodchain pyramid.
But if you not dealing mega bucks . The brokers don't give you no two hoots. So you depend on regulated norms and practises to protect your interest.
if you dealing megabucks. They jump if you sneeze.

For me, is very simple. I live in a regional financial hub. If any facilities are unable withstand the heat of operating in financial hubs. NY,Chicago, London,Frankfurt, Dusseldorf, Singapore ,Osaka, Tokyo, HK, maybe even Dubai, then they are small potatoes and can ill afford good market access. In fact, as rule of thumb for me, all my brokers must be within arms length that i can go slap then silly(with the LAW), if the do me injustice. But of course I am not rogue, that i would not behave like some, who go slash their brokers with katanas.

What you mentioned are secondary market electronic CHANNELS.
that is no market. Why? You see most mega buck will never come to the electronic channels. 2 reasons, counterparty credit risk and SERVICE. Big money, they don't use robots, prefer competent human services. Seen millionares at ATMs or bank ques lately?

There is no such thing called an interbank feed. For spot inter-bank banks call counterparty banks by many channels. The prices differ from bank to bank and country to country at any given instance. if all yoru brokers are showing you same prices, then it doesn't matter if you have 100 brokers, they live on the same feed line.
There is however a Broker feed. What they do is take many interbank indicative prices and feed that into a broking network. And some sharks will use that same feed prices to scam the ignorant, while looking at their blotter.


regards

jest, I thought it's rather complex for me ... haha ...

.

I try to use Gann angle 45%. I realized, that retracements can be predictible in time...
Is it right how i use it?????

Btw, i never though and imagine, that there are time windows for retracement.... surprissingly for me, they are there...

Question is, how far does the rabbit hole leads.....???