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Technical Analysis Fallacy

  • #24,661
  • May 4, 2011 8:25am May 4, 2011 8:25am
Quoting fti
Hi ALL and friends,

i am still around, although very weak.
Decided against them going in at last minutes because second opinions came back that it doesn't help.
This is because that there is no surity that the bleeding will be contained and new clots resurfacing.
Moreover if not careful going in can create more bleeding. Seems part of the heart is not funtional and clots are bound to reoccur due to friction from the funtional.
So i decided to leave matters with God instead, he knows better.
And i also decided to minimise medicines to reduce...
Hi fti,
It's good to hear from you and to know your status. Of course, you must take care of your health above all other things. Thank you for all you have done here. Take care and God bless you.
  • #24,662
  • May 4, 2011 8:26am May 4, 2011 8:26am
Quoting fti
Hi All,
Thank you textor for the video.
here my 2 cts.

What is reported in the ted video is truly happening in the OTC market places.
With advancement in technologies and ability of computer alsos to trade in nano seconds ( which no humans can) and the old maxim of protecting books with stops. what i am hearing from many sources is that there are some people taking advantage of the privilage of seeing stops then scratch trades( buying and selling at same prices) beyond the mass and away from short historical volatility benchmarks to sweep...
Thanks for the great insight!!!!!!!
  • #24,663
  • May 4, 2011 8:41am May 4, 2011 8:41am
Quoting Fana
Dear Fti, there are no words how to say thank you more. You influenced many people in very positive direction. Your life-approach and life-way. You are an example of the true strong man. Be strong and take care about yourself - slowly and comfortably!!! please.

If i can have a question please......
Sorry hear of the problem.

This problem exist in all homes.
Change always brings about unease for the elderly.
That is reason why children who gets maried should move out of the old home when they want start their own family. Your brother may had taken this path due to financials, but the long term effects will not be pretty. Lots of friction and anxiety can be heaped on the old folks.
Is hard for me suggest a solution, as different personality reacts differently. But i can tell you a story to help you think of ideas.

I have friend, who is quiet a thinker.
He has this rule that when his children reaches maturity at age 18. If they want to stay at home, they need pay rent. That creates the grounding for the children to assimulate to resposibilities and never to assume reliance to the parents for their lives. I think is good training. What i had seen happen is that his children tends move out to their own teritories and resources to develope their own family instead of being dependant on the old. Also makes for better relationships.

For your brothers case , what i can suggest is for you gently highlight to your brother that he may need help the familiy out with financial resources, that may ease his thinking to develop with his love a little away. In the long run should develop for better relationship. You need figure out how. One way is to create a finacial need or incident to highlight the need.

regards
  • #24,664
  • May 4, 2011 8:57am May 4, 2011 8:57am
Quoting fti
Hi All,
Thank you textor for the video.
here my 2 cts.
......
regards
No Sir, I am very grateful to you for your time, dedication and patience.

May God bless you!

Textor
  • #24,665
  • Edited 9:58am May 4, 2011 9:40am | Edited 9:58am
Quoting fti
Sorry hear of the problem.

This problem exist in all homes.
Change always brings about unease for the elderly.
That is reason why children who gets maried should move out of the old home when they want start their own family. Your brother may had taken this path due to financials, but the long term effects will not be pretty. Lots of friction and anxiety can be heaped on the old folks.
Is hard for me suggest a solution, as different personality reacts differently. But i can tell you a story to help you think of ideas.

I have friend, who...
thank you Fti

I never thought that this could be such problem... but it is...
  • #24,666
  • May 4, 2011 2:06pm May 4, 2011 2:06pm

Dear FTI
My name is Michael i am mostly a Lurker on this thread.I am reading it for a while and it is an amazing thread. It changed my veiw on trading.
Every Post of yours is Like fresh air breath .
I Just wanted to say Thank you from the bottom of my HEART . You are very remarkable man. I think that in our time to meet someone like you with all your virtues is unique.
You are truly an inspiration for me not Just in trading but in life.
Thats what called in Hebrew "Love without conditions" something that you give other without taking something in return (not just about love but about everything).
I want to wish you to regain your health as much as it possible and as fast as it possible .
Thank you for everything and GOD BLESS YOU,
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #24,667
  • May 4, 2011 11:31pm May 4, 2011 11:31pm
Hi All ,
I have so much time, so decided put some of my experimental finding for you ponder and finds solutions to, or ways avoid the Technology traps. But senegies are low, so i be very brief.

A case about piptits.
----------------

Traditionally forex is quoted in interbank circles in 4 decimal pips.
But the new, internet retail brokers are now going finer and are quoting in piptits, ie 5 decimals.
On first look , it seems that the industry is highly competitive and quoting fine. But in reality i found that this is the MO they created to deny fills to participants try hit markets mostly. esp when markets are fast. Traditionally dealers quotes wider in such instances, but the electronic forex behaves much different.
This what happens often to me.
i try hit the buy sell button, and platform comes back says. No deal.
"sorry markets had moved" and i find that its moved some piptits. Then what happens is a requote to deal.
But prices seems shaded 10 to 20 pips from where it was, in their favour.
i call this their " denial of market access" to facilitate a shade of prices. And since i already hit the button the platform know exactly which way to shade me for the next price. Less if i was wrong on market impulse and crazy pips away if in line with the impulse.

You see, in reality markets can and will move in double digit pips and sometimes by big figure handles, if market moving news hits the market place. The piptits in fact serve no purpose except to deny legitimate accesss and for platforms requoting price shades.

Some platforms evens attempts hang, and forces you spend time reboot computer. Which take you out of the market until you manage to sign into their servers again.(See the pic i attached from one of them.)

I once brought the matters up with the authorities, and when broker was approached by authorities. They responded to me by telling me" since it is evident that you do not trust us. We are inclined to close your account with us. Attached is a check for XXXXXXX from the records in your account. "

This retail Forex i concluded is sharks and thieves infested with good IT skills, but is hard to bring them to the book. So i decided hang them up and went back trading thru bank facilities. There is still a little experiment that is on going. And now that I am very sick, it is winding down. Unless all these teething problems are addressed by the authorities. I believe it is not prudent for any trader to seriously consider trading retail forex, although this seems the new available market access. Its still the "wild wild west"stages and until some form of regulating of brokers ethics is enforced and conflicts of interest removed, I can only say that these markets can only be used for experimentation and educational purposes. I am sorry for those of you who believe you had found true and efficent market place to make your bundles.

Funny thingy is the problems all starts to intensify the more profitable you become.

regards

PS: for those truly wants start a real trading career. The "open outcry" exchanges seems much safe places with good regulating and governance.op tionally if your resources permits, maybe thru true interbank customer services thru "brick & mortar" dealings. But banks seems restrictive by ticket sizes and their eyes on the bigger customers mostly.
Attached Image (click to enlarge)
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  • #24,668
  • May 5, 2011 12:59am May 5, 2011 12:59am
morning fti sir,
thx for your knowledge and insight, without them, fx would be a total black place for me.
regarding market access, i am demoing on o**da, when market is moving fast, they give me 30 pips spreads. i think too, retail fx can only be a training ground, not for serious money. but i think they are quite brave to take you as a client, even for a short time. joking.
rest well.
wish you my best!
  • #24,669
  • May 5, 2011 4:36am May 5, 2011 4:36am
Quoting fti
Hi All ,
I have so much time, so decided put some of my experimental finding for you ponder and finds solutions to, or ways avoid the Technology traps. But senegies are low, so i be very brief.

A case about piptits.
----------------

Traditionally forex is quoted in interbank circles in 4 decimal pips.
But the new, internet retail brokers are now going finer and are quoting in piptits, ie 5 decimals.
On first look , it seems that the industry is highly competitive and quoting fine. But in reality i found that this is the MO they created to deny...
Not so pleasant to hear this story but who is the broker you lalk about?

give name , for benefit of others.

this are not common practice because they have been like that from their beginning, so I can say you can include that into the cost of doing business.


@ sakatalight

I don't know the reason why oanda recieve way to much credentials, but from my own experience I had so many disconected times on their platform that it bring up to light all my "demons" in those moments.


all the best!
  • #24,670
  • May 5, 2011 5:43am May 5, 2011 5:43am
Quoting fti
Hi All ,
I have so much time, so decided put some of my experimental finding for you ponder and finds solutions to, or ways avoid the Technology traps. But senegies are low, so i be very brief.

A case about piptits.
----------------

Traditionally forex is quoted in interbank circles in 4 decimal pips.
But the new, internet retail brokers are now going finer and are quoting in piptits, ie 5 decimals.
On first look , it seems that the industry is highly competitive and quoting fine. But in reality i found that this is the MO they created to deny...
Thanks for the info fti and good to hear from you. I think I know who that broker is Don't need to reboot, just access the java client then erase everything and then your good to go but if not, then expect your platform to freeze a lot.
  • #24,671
  • May 5, 2011 5:54am May 5, 2011 5:54am
Quoting triger88990
Not so pleasant to hear this story but who is the broker you lalk about?

give name , for benefit of others.

this are not common practice because they have been like that from their beginning, so I can say you can include that into the cost of doing business.


@ sakatalight

I don't know the reason why oanda recieve way to much credentials, but from my own experience I had so many disconected times on their platform that it bring up to light all my "demons" in those moments.


all the best!
you don't read very well tigger.
I am talking about the whole industry, not 1 broker.
I had checked out every broker operating in sg, and some elsewhere as well.
The most obnocious ones in sg was GFT and IG.
Oanda and CMC in sg has much problems too , but at least they polite.
  • #24,672
  • May 5, 2011 5:59am May 5, 2011 5:59am
Quoting fti
you don't read very well tigger.
I am talking about the whole industry, not 1 broker.
I had checked out every broker operating in sg, and some in US as well.
The most obnocious ones in sg was GFT and IG.
Oanda and CMC in sg has much problems too , but at least they polite.
Chief,

Got question ...

has CB lost the power....every time BOJ comes and interves now matter of weeks the market tests there wits again...

this time UJ is below 80 and trading like it wants to be there...checking news BOJ is saying nothing...

seems like till how Long BOJ can inetevene...if everytime they intervene in matter of weeks Yen gains back the stregth..

V
  • #24,673
  • Edited 6:59am May 5, 2011 6:06am | Edited 6:59am
Quoting indianguyinny24
Chief,

Got question ...

has CB lost the power....every time BOJ comes and interves now matter of weeks the market tests there wits again...

this time UJ is below 80 and trading like it wants to be there...checking news BOJ is saying nothing...

seems like till how Long BOJ can inetevene...if everytime they intervene in matter of weeks Yen gains back the stregth..

V
Hi Vic,
BOJ is still on holidays.
Its golden week in japan.

BOJ's functions is not to protect the USD.
Thats heli's job.
After the last FOMC, i doubt anyone wants buy the USD now.
In fact if you look at it squarely. The USD is in bigger disaster than the Japs.
The japs had a natural disaster and then a nuclear problem due to her energy resources needs.
The USD fall out is due to incompetence.

It had been fact that the blatant printing process is going devalue the usd.
that had been fact for a couple of years already.
but the act to rob from retirees and their unborn is beyond my ability to explain.
saving rates after bank haircuts are already negetive returns for deposits.
Surely he thinks he's smart by doing this. I just waiting see the american's backlash on him for his policies.

Also love to see the faces of the G8 when they meet.
Seems their words of non devaluation stance not honoured by heli.
I love watch him fry in this pan.


regards
  • #24,674
  • May 5, 2011 6:29am May 5, 2011 6:29am
Quoting fti
you don't read very well tigger.
I am talking about the whole industry, not 1 broker.
I had checked out every broker operating in sg, and some elsewhere as well.
The most obnocious ones in sg was GFT and IG.
Oanda and CMC in sg has much problems too , but at least they polite.
sorry FTI my fault I had to address my question more specifically

I was referring to this particular paragraph when I was asking for broker names,which does refer to one broker complains.

all the best!



Quoting fti
Hi All ,

...................
I once brought the matters up with the authorities, and when broker was approached by authorities. They responded to me by telling me" since it is evident that you do not trust us. We are inclined to close your account with us. Attached is a check for XXXXXXX from the records in your account. "

This retail Forex i concluded is sharks and thieves infested with good IT skills, but is hard to bring them to the book. So i decided hang them up and went back trading thru bank facilities.

.................
  • #24,675
  • May 5, 2011 6:33am May 5, 2011 6:33am
Quoting fti
Hi Vic,
BOJ is still on holidays.
Its golden week in japan.

BOJ's intentions is not to protect the USD.
Thats heli's job.
After the last FOMC, i doubt anyone wants...
Hmm

good point...never thought about it........


Seems like i get out my Long UJ rescue fast

V
  • #24,676
  • Edited 6:54am May 5, 2011 6:44am | Edited 6:54am
Quoting triger88990
sorry FTI my fault I had to address my question more specifically

I was referring to this particular paragraph when I was asking for broker names,which does refer to one broker complains.

all the best!
I like ask you favour.
please put on your glasses when reading.

If you had been following
, you would know i had halted most of my leverages retail trading.
My energies are low and unable muster the mindset to actively trade.
So i justdoing some positions full cash.
and am long usd and every thing else against the yen.
Sort of moved into investments mode than trading.
But i am also trying to show you my findings from my experimentations of the infant forex retail scene. I am to the opnion , that i still cannot trust any of them. And all the resons had been spelled out. So i just asking you people be more cautious and less leveraged due to the possibilities of IT white collor crimes.

Textor's posted video is already showing the feelings of market players , didn't you watch
Seems algos are rigging markets using illegal MO of scratching trades in nano seconds to sweep.


regards
  • #24,677
  • Edited 8:01am May 5, 2011 7:28am | Edited 8:01am
what is becoming evidently clear is that interbank is refusing trade with the computers. Interbank quotes in pips and allow dealer few seconds make their decisions to trade at the given prices.
Why would any one want compete trade in nano seconds in piptits?
No one can operate in nano seconds.
So since they cannot get interbank to trade with them. Now the computers are trying create their own secondary forex markets by creating mini books for suckers to place papers with them.
Only that they use nano seconds to sweep the papers so no humans can compete for good prices. Also use denial of access to use IT blocks to disadvantage the desperate traders.
Another arsenal up their sleves is high gearing to create desperate situatiuons so that the urgency for traders to stoploss positions.
This all works in favour of the electronic market makers.

Since this info is now in the open, then i need decide of i want to be a sucker and get bushwhacked by computers working in nano seconds of which i cannot compete with, while there are still legitimide human operated primary markets where i can access the markets without being electronically scalped.


regards.

PS: did you also noticed that many electronic brokers are going public IPOs.
Sure how else to bail out of their investments. So when the shit hits the fan , the poor public gets caught with the ball.
While they go retirement with their sales.
Good strartegy.
But they will never get my moneys , that I am very sure of.
Think carefully, when you buy electronic brokers, whats the NTA?
what are you actually buying? Business model?Goodwill? i 'm no sucker.
Some time long ago, some cons tried sell me some incubated server farms.
I declined, heard some VCs rushed for it.
Whats become of those server's values now?
Were they really assets?
  • #24,678
  • May 5, 2011 7:28am May 5, 2011 7:28am
Hi FTI,

Just want to say "Thank you" for all the help and advice you have given on the thread. It's rare to find someone who is willing to share their experience. I came across your thread looking to learn about technical trading and ended up learning a whole lot more in life lessons.

My biggest problem was that the bigger my account grew the more reluctant to trade I became because I didn't want to lose any of my hard earned pips.

Best of luck.

P.S. Never give up on your health. Part of getting better is medical intervention related but a vast majority is having a positive frame of mind. I've had patients who were told they only had x weeks to live far exceed my expectations because they simply had the will.
  • #24,679
  • May 5, 2011 8:01am May 5, 2011 8:01am
Quoting indianguyinny24
Hmm

good point...never thought about it........


Seems like i get out my Long UJ rescue fast

V
was also curious how r u taking care of ur long UJ position chief if i can ask...

using options i am sure u r not trading....


V
  • #24,680
  • Edited 8:55am May 5, 2011 8:21am | Edited 8:55am
Quoting indianguyinny24
was also curious how r u taking care of ur long UJ position chief if i can ask...

using options i am sure u r not trading....


V
hi vic,
i have some small leveraged long cable long euro long usd against yen positions. these are in some % negetive territories.
the bulk of my positions are cash
short yen positions against all majors swaped daily and skewed added when i feel like touch bottoms.
so no fear of margin calls. And since they investments than trades, i plan carry them until the yen reflects real ground stiuation, which will be clear by the end of the year.
Of course i wish i could actively trade but the jumpyness is killing my mindset. So i best avoid that unless have wish kick the bucket.
Please be clear tahat i am now unable trade. And this not trading. I feel that the yen is too badly manipulated and presents opputunity.

Sure if japan sinks into the sea of oblivion the usd/yen will come to 50 yen.(this a joke).mAYBE IF THEY HAVE ANOTHER EARTHQUAKE WILL DEFINATELTE GET TO 50 YEN Japan's economy seem tends to get better with earthquakes.

Truely this the biggest "stink operations" i had seen in my lifetime.
My sources and concurred with imjscn, that its only one US party trying cloud out the sun with their mammoth hands. No sure if the feds have anything do with it. Maybe soon when the rogue trader surfaces we will know who it is.( may turn out to be 1st machine to be in caserated) Also heard that the morguns are on the gold and extremely short paper.

regards

PS: AUD seems pretty good investments, due to their being Gold backed, and their bullion purity and colour attractiveness. Moreover they seem only major league player left that has an interest rate.
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