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Technical Analysis Fallacy

  • #23,201
  • Mar 4, 2011 6:24am Mar 4, 2011 6:24am
Quoting Fana
Hi Fti:-)
Great to hear you are recovering! You have a strong root. Very strong. Problem is that hearth. Only babysiting it and very slow and focused care... With this you have at least 10years ahead(due to my special inner controll). The bigest scorpions :1.smoking, 2.smoking, 3.smoking. Regards
yeah
the rewards of bad choices.

regards
  • #23,202
  • Edited 6:59am Mar 4, 2011 6:31am | Edited 6:59am
Quoting piccolo
you should start by understanding the "hedging" part. anyway, your assumption is wrong (short and long on same pair? why would anybody do that?).

You should throw everything you think you know out the window and start reading from page 1.
real hedging is arbitrage. yes piccoloyou understand correctly.That why i do not need to trade the crosses. They exist in book already, sometimes,whether i like it or not.


So long short the same instrument, is only inability to stomach loss. Is the actions of a fool lying to himself. Normally signify lack of capital. So is over-exposed and risk of ruin is high, very high

How can any one move forward to better things? when they holding too tighly to the past. The past will haunt you forever. Read the monk and little monk story i gave earlier. Try understand it. Somethings, they do haunt you forever, Choose the nice things, won't you.


regards

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  • #23,203
  • Mar 4, 2011 9:01am Mar 4, 2011 9:01am
Quoting fti
Hello mike,

Sorry I was resting
Yes , our creator exist.I cannot live one day without talking to God.
You can see his works all around you.
Where did all natural law comes from?
Ask your soul.You already know the answer.

you are the offsprings of your ancestors.
who created them?

You are his only creation on earth, that have emotions, be happy or sad, can think, plan and SMILE.
Human calls that intelligence.
Most importantly, you are also one that can create and know choices.
So you know if there is a creator.

Religion is just...

Amazing....

Good to see u chief....its like a breadth of fresh air when u come here...


V
  • #23,204
  • Mar 4, 2011 10:04am Mar 4, 2011 10:04am
fti, it's really good to see you here again. Been thinking about you and hope you are feeling better. Someone asked a few post back if God exists? Well, seeing you back is an answer to our prayers, so the answer is YES! I believe 30% function means you have to behave yourself from now on, which I know is no fun but better than the alternative -- LOL. Be good and I look forward to hearing from you again. BTW, I recommend avoiding the news, it's not good for anyone's heart!
  • #23,205
  • Mar 4, 2011 2:06pm Mar 4, 2011 2:06pm
Thanks, I thought the hedging thing was fishy myself. Afterall, the banks use FIFO so hedging is only a mental thing.

So why is there a short position of equal size (am I reading the transcript correct?) Why was there an open position on swissy when war was waged on EUR/USD? Why not cut loose when the trend changed? Fti mentioned he had foreign cap up to a good amount, but I don't think that is justification to continue to hold a position that is already deep in the waters.

Am I reading what happened wrong?


Quoting fti
real hedging is arbitrage. yes piccoloyou understand correctly.That why i do not need to trade the crosses. They exist in book already, sometimes,whether i like it or not.


So long short the same instrument, is only inability to stomach loss. Is the actions of a fool lying to himself. Normally signify lack of capital. So is over-exposed and risk of ruin is high, very high

How can any one move forward to better things? when they holding too tighly to the past. The past will haunt you forever. Read the monk and little monk story...
  • #23,206
  • Mar 5, 2011 12:42am Mar 5, 2011 12:42am
Quoting fti
Hi All,
As for me, I had left Sg already.

God Bless & Good Fortune.
regards

http://www.youtube.com/watch?v=vWN4rIRkGKs
In memory, Teresa & KC & Dad.
may our heavenly father continue to strengthen your mind and spirit so to stay fortified and strong as you recover and adjust to these challenging circumstances.

the scriptures below hopefully will be of encouragement.

2 Corinthians 1:4 tells us he can strengthen us during difficult times.
Ecclesiastes 9:11 reminds us that time and unforseen occurance befall us all.
  • #23,207
  • Edited 1:21am Mar 5, 2011 12:58am | Edited 1:21am
Quoting Zkf
Hello Fti,

Is God really exist? Are Human created by the mighty God? And is the Bible just fiction or ture story? Yes, it is off-topic here, but recently I am puzzled with these sort of things. I thought every riligion is just a culture, good wills from old people and pass it from generation to generation.

regards,

Mike
isaiah 40:28 creator of the earth.
isaiah 55:11 purpose for earth is certain. (we are all bro and sisters and the theme of the bible is Gods kingdom and what it is doing and what it will do for the human family.)
psalm 19:1 heavens declare it.
  • #23,208
  • Edited 1:55am Mar 5, 2011 1:35am | Edited 1:55am
keep buying that physical silver.


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http://news.silverseek.com/SilverSeek/1299089013.php
  • #23,209
  • Mar 5, 2011 3:15am Mar 5, 2011 3:15am
Quoting fti
Hi All,
Its that time of the century again. War cry time! khukari!!!
Call to service.
"kill or be killed."
For me i sit quiet nursing my decaying heart, only 30% functional at best according to the echo.

http://www.youtube.com/watch?v=DN87mVzL28s

http://www.youtube.com/watch?v=FLcoA8El3mI

http://www.youtube.com/watch?v=7nJTqpKlZ9U

In rememberance of my PTI nco "Ray" Rai Banador.
My khukri still sharp as ever.Been sharpening and polishing it. Unfortunately My heart no match.
http://www.youtube.com/watch?v=ewinpXwfCPo

Fight...
Hi fti

The time has come for the dragon ... FLY!!!
PS 30% is only a number between two ...

Hi Zkf
Moses (removed from the river of life) he himself went to Mount Sinai = introduced by the law (if you want, written between two stones or written in stone) = Ten law or characteristics of God ...

Rgs
  • #23,210
  • Mar 5, 2011 9:46am Mar 5, 2011 9:46am
Quoting lilpip
isaiah 40:28 creator of the earth.
isaiah 55:11 purpose for earth is certain. (we are all bro and sisters and the theme of the bible is Gods kingdom and what it is doing and what it will do for the human family.)
psalm 19:1 heavens declare it.

God Bless
regards
  • #23,211
  • Mar 5, 2011 9:49am Mar 5, 2011 9:49am
Quoting Gro
Hi fti

The time has come for the dragon ... FLY!!!
PS 30% is only a number between two ...

Hi Zkf
Moses (removed from the river of life) he himself went to Mount Sinai = introduced by the law (if you want, written between two stones or written in stone) = Ten law or characteristics of God ...

Rgs
trying find the stones.
After Christ came , seems the stones had been recalled.
any way the 2 commandments Christ gave, supercedes the stones.

God Bless
regards
  • #23,212
  • Edited 10:01am Mar 5, 2011 9:51am | Edited 10:01am
Quoting fullperson
Thanks, I thought the hedging thing was fishy myself. Afterall, the banks use FIFO so hedging is only a mental thing.

So why is there a short position of equal size (am I reading the transcript correct?) Why was there an open position on swissy when war was waged on EUR/USD? Why not cut loose when the trend changed? Fti mentioned he had foreign cap up to a good amount, but I don't think that is justification to continue to hold a position that is already deep in the waters.

Am I reading what happened wrong?


Hi ALL,

@fullperson,
yes, absolutely reading all wrong.


Firstly i think you come from wrong end of the dealing desk. But you understand FIFO(First in First Out P&L accounting).
So if you understad FIFO then you seem understand hedging all wrong.
The term hedging is for people who actually own the underlying in cash or physicals. And when they use futures markets and/or other leveraged OTC synthetics to hedge their exposure, then that is hedging.
In currencies markets when we pitch one currency against another spot currency , is called crosses.
Normally crosses are done to arbitrage volatility or price infractions from differing sectors.
There is no possibility for any trader to hold a long against a short in a given instrument. FIFO would had squared the exposures.
But of course some bucket shops allow traders hold long against shorts. And thats why we know they are buckets because they practice errorneous accounting and shady services.
I feel worst of all , is the abuse of terms. In nobody's vocabulary should they use the term hedging to describe a long short squared.

I hope you will educate yourself to the correct glossary of dealing terms and proper use of it.
Normally when soeone tell be about hedging as you describes, i just laugh and walk away.
But since I am here to help educate friends here, i will just spare you this time.

Any way i feel weak and need more rest.
OMG , i need my GTN.
Happy schooling fullperson.

regards

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  • #23,213
  • Mar 5, 2011 10:23am Mar 5, 2011 10:23am
Quoting fti
trying find the stones.
After Christ came , seems the stones had been recalled.
any way the 2 commandments Christ gave, supercedes the stones.

God Bless
regards
Fti, Glad to see your back, get your rest....... you are correct.

Matt. 22:36-40

Love the Lord your God, with all your heart, all your soul and all your mind. This is the first and greatest commandment. The second is like it. Love your neighbor as yourself.

All the Law and the Prophets hang on these two commandments."

The 10 commandants given to Moses on Mt. Sinai, are a reflection of Christs commentary, the first 4 deal with our relationship to God, the last deal with our relationships to others..... twas given to show man how to live but also to show him that he is incapable of living life completely in accordance to God's law. (For all have sinned and come short of the Glory of God).

If we are completely honest with ourselves and God, we know that all of us have on some occasion broken one or all of these, if not in deed then in thought, which god judges as well.

If we cannot live without breaking the law, making us imperfect and sin stained in front of a completely Perfect and Holy GOD, what hope do we have.... other than the Grace given to us by failth in his Son Jesus.

Wishing you health and a speedy recovery.
  • #23,214
  • Edited 1:27pm Mar 5, 2011 1:17pm | Edited 1:27pm
Today i was walking in a field near my home. It was dark already. When i was near the road, cars light cones enlighted the fields surface. I saw a structure, everything what was in the darkness the same, was now showing the structure, new shapes... I thought i understand, why it is sometimes spoken about "light". And what the light is(from this point and understanding). So i was thinking that for everyone in this world are here many doors. They are in the darkness and when the light comes... one can see them. They are closed. But know and see them...they are there... just to open. They can be opening by that light also and we can see what there is..., but one have to go thru them self, one must want it. We are responsible for ourselves. So everyone self must go thru. For me, the first light cone which enlighted many doors, which i humbly trying to go, was the Bible and Fti. Everyone can, so few do... Thank you Fti! Regards
  • #23,215
  • Mar 6, 2011 12:16am Mar 6, 2011 12:16am
What's the correct interpretation for your dance? I am finding it hard to read the transcript without having been there while you were trading. Sorry for the misuse of the term hedging, I am taking accounting in class, so no dealing experience.

So for example, having options and underlying stock is hedging? But having long and short on same instrument is called a cross...

From your experience, how are crosses handled? How is volatility arbitrage done/ price infractions taken advantage of? Can I use this information to tell when a pair is acting out of line?






Quoting fti
Hi ALL,

@fullperson,
yes, absolutely reading all wrong.


Firstly i think you come from wrong end of the dealing desk. But you understand FIFO(First in First Out P&L accounting).
So if you understad FIFO then you seem understand hedging all wrong.
The term hedging is for people who actually own the underlying in cash or physicals. And when they use futures markets and/or other leveraged OTC synthetics to hedge their exposure, then that is hedging.
In currencies markets when we pitch one currency against another spot currency , is...
  • #23,216
  • Mar 6, 2011 1:44am Mar 6, 2011 1:44am
Quoting fullperson
What's the correct interpretation for your dance? I am finding it hard to read the transcript without having been there while you were trading. Sorry for the misuse of the term hedging, I am taking accounting in class, so no dealing experience.

So for example, having options and underlying stock is hedging? But having long and short on same instrument is called a cross...

From your experience, how are crosses handled? How is volatility arbitrage done/ price infractions taken advantage of? Can I use this information to tell when a pair is...
Hi FP. You are very lucky, that fti himself answered to u... If i can, my 2ct, the whole trading word is full of non-accuracy. When you are at university, they try to write everything to the scripts, books... This creates illusion, that it can be LEARNED. Unfortunately/fortunately(depends for whoom), trading is not from this cathegory. So without practise, i think it is not possible to get it. Because you dont know what to focuse, what is psychology in trading, how they(the big) get the money... You can stuck for years at some "scientificall point YOU believe it is important". Guess what the market think is important? Finally your cash
  • #23,217
  • Mar 6, 2011 3:17am Mar 6, 2011 3:17am
yes, I am very lucky to have fti push me in a good direction. In retrospect I am asking too many questions without doing due diligence on my part as a student. It's like bugging your professor without having read the textbook.

I have downloaded and am currently reading the ACI dealing handbook to get down the terminology cold. I plan on reading the material pertaining to dealing activities as well, but I will focus more on a re-read of fti's original material (since dealing is not my MO at this point).

I agree that at some point, the learning is not as helpful. It is impossible to do anything without practice. In fact, I find that students learn much better practicing than reading. Never the less, it is essential that the basics are learned.

Quoting Fana
Hi FP. You are very lucky, that fti himself answered to u... If i can, my 2ct, the whole trading word is full of non-accuracy. When you are at university, they try to write everything to the scripts, books... This creates illusion, that it can be LEARNED. Unfortunately/fortunately(depends for whoom), trading is not from this cathegory. So without practise, i think it is not possible to get it. Because you dont know what to focuse, what is psychology in trading, how they(the big) get the money... You can stuck for years at some "scientificall point...
  • #23,218
  • Mar 6, 2011 4:16am Mar 6, 2011 4:16am
Quoting auxesis
Fti, Glad to see your back, get your rest....... you are correct.

Matt. 22:36-40
[i]
[color=Red]Love the Lord your God, with all your heart, all your soul and all your mind. This is the first and greatest commandment. The second is like it. Love your neighbor as yourself.

All the Law and the Prophets hang on these two commandments."...
The 10 commandants given to Moses on Mt. Sinai is the description of the characteristics of God, not ordered but notice.
How you love God if you do not know what or who it is ...
  • #23,219
  • Mar 6, 2011 10:24am Mar 6, 2011 10:24am
Quoting Gro
The 10 commandants given to Moses on Mt. Sinai is the description of the characteristics of God, not ordered but notice.
How you love God if you do not know what or who it is ...


Thats whats makes it special , Gro
Do you love your ancestors?
Do you know them? really know them?


bET ON THE BLUES, BABY, BET ON THE BLUES

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  • #23,220
  • Mar 6, 2011 3:54pm Mar 6, 2011 3:54pm
Just heard this song thought if you adjust it slightly it can be inspirational for traders.

I'm just trying to be a father,
Raise a daughter and a son,
Be a lover to their mother,
Everything to everyone.
Up and at 'em bright and early,
I'm all business in my suit,
Yeah, I'm dressed up for success from my head down to my boots,
I don't do it for the money, there's bills that I can't pay,
I don't do it for the glory, I just do it anyway,
Providing for our futures, my responsibility,
Yeah I'm real good under pressure, being all that I can be,
And I can't call in sick on Mondays when the weekend's been too strong,
I just work straight through the holidays,
And sometimes all night long.
You can bet that I stand ready when the wolf growls at the door,
Hey, I'm solid, hey I'm steady, hey I'm true down to the core,
And I will always do my duty, no matter what the price,
I've counted up the cost, I know the sacrifice,
Oh, and I don't want to die for you,
But if dying's asked of me,
I'll bear that cross with an honor,
'Cause freedom don't come free.
I'm a Soldier,
Beside my Brothers and my Sisters I will proudly take a stand.
When liberty's in jeopardy I'll always do what's right.
I'm out here on the front lines, sleep in peace tonight.
Soldier,
I'm a Soldier.

Yeah, a Soldier,
Beside my Brothers and my Sisters I will proudly take a stand,
When liberty's in jeopardy I'll always do what's right,
I'm out here on the front lines, so sleep in peace tonight.
Soldier,
I'm a Soldier.



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