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Technical Analysis Fallacy

  • #24,901
  • May 12, 2011 6:31am May 12, 2011 6:31am
Quoting usw
Latency shouldn't be an issue, I generally ping about 20ms to the trade server. I do suspect however there may be an issue with how the the broker routes orders out through STP.

Hi,
that is really fast!
I have a ping time of 70 to 80 ms to my main broker ....
Many retail trader I know have 300 to 500 ms latency.

Referring to the same document, fti was relating to (CEO statement), in comparioson to the speed with that the quotes come in at brokers side, 300 or 500 ms is really a large time ...

On the other hand: I really do not get that 5 digit thingy.

Usually, when you send a market or limit order to your broker, you also send a defined amount of slippage pips with it. So it means you do not need to hit the quote axactly. The price have to be in that range and you'll get your fill immediatley (when there is no other problem) ...

Using that defined "slippage range" offers already good opportunities to make money on every trade for the broker. ....

But in that topic I'm a bloody beginner only. I can only state, that I get fills even in jerky market conditions without a requote ....

But back to my charts now :-)

CU,
Niels
  • #24,902
  • Edited 7:30am May 12, 2011 6:40am | Edited 7:30am
Quoting MaMood
Hi,
that is really fast!
I have a ping time of 70 to 80 ms to my main broker ....
Many retail trader I know have 300 to 500 ms latency.

Referring to the same document, fti was relating to (CEO statement), in comparioson to the speed with that the quotes come in at brokers side, 300 or 500 ms is really a large time ...

On the other hand: I really do not get that 5 digit thingy.

Usually, when you send a market or limit order to your broker, you also send a defined amount of slippage pips with it. So it means you do not need...
Mamood,
what you said is wrong.
very very wrong.
when you deal with dealer.
after he made a price you are entitle hold for dicision.
If his price is off he will inform that his price is off dfor dealing.
You need ask again for price to deal.

When you operate with brokers.
when you hit, in fact is a market order.
requoting is bullshit.
is order to fill at market. Wherever it is.
No one can requote without offing his prices.
If he misses market is his own business, he is STUFFED.


if i made markets to you in 6 digit piptits, you will NEVER get to deal.
If you hit before price is off dealer honours trade, simple as that.
if you hit after he off then is thanks nothing done, because you aready showed side.
if you have interest then you ask again. If his prices unstable then you take business elsewhere.
if he is no honourable then is lines off. in long run he joins unemployable que. " MY WORD IS MY BOND"
This the discipline and ethics for dealers.
Check any forex dealers handbook or you can check with any forex dealers association around the world. All forex dealers and market makers are bound by these code of conduct. Otherwise is a scam.

the 5th piptit only facilitates data load to create" denial of access"
is a computer thingy.
Ever heard of DOS attacks?
They overload you with so much data chamge that you unable to function.

Even on exchange trading floors there are rules about pricing.
Ever heard of "turning the market"?
In exchanges there is a rule about filling que without filling the one that "turned the market"
Doing so is a major trader violation. Comes with a very big FINE.

regards
  • #24,903
  • May 12, 2011 6:51am May 12, 2011 6:51am
Quoting fti
Mamood,
what you said is wrong.
very very wrong.
when you deal with dealer.
after he made a price you are entitle hold for dicision.
If his price is off he will inform that his price is off dfor dealing.
You need ask again for price to deal.

When you operate with brokers.
when you hit, in fact is a market order.
requoting is bullshit.
is order to fill at market. Wherever it is.
No one can requote without offing his prices.

regards
Hi fti,

sorry I have mixed up some things.
You are right. Basically I'm realating to the retail market only, cause I do not know any other ... :-)

There are two different feeds, that the more serious retail brokers are offering:

1. You get "real market quotes" routed directly from their liquity providers. When you send market order, you will get the price, wherever the market is at that moment in time. But you get a fill for sure!

2. You can trade the feed, that has the more or less "guaranted fixed spread". Then is goes the way I have described above. At least that is what the brokers have told me ...

Sorry for misleading info ...

CU,
Niels
  • #24,904
  • May 12, 2011 7:04am May 12, 2011 7:04am
[quote=MaMood;4611014]Hi friends,

I want to ask you a question. I'm taking that one with me for a long time already. I'm very unsure about your reactions and comments. However - I decided to just ask you. I'm sure you will give me your honest opinion ....

Would it be of any use for you or some newcomer, when I would provide my trading live and in realtime to you? Im trading nearly almost every day and I'm making good profits also nearly every day. So it could give you an idea, how straight it could be to trade the dance actively.

.................................
Hi MaMood,

Going through your trading summary was like a road map ahead for me. I'm still demo trading with 1,1,1 for attack and rescue. Your trading shows how to be flexible and nimble later on as I progress. It's a big, big help. Please carry on, and thank you very much for posting them.

ZZ
  • #24,905
  • May 12, 2011 7:16am May 12, 2011 7:16am
Hi fti and all,

Just a quick note to say thank you. I'm still like a sponge soaking up all the wisdom and knowledge from this thread....totally amazing.

Wishing you a long fti.

zz
  • #24,906
  • May 12, 2011 7:26am May 12, 2011 7:26am
Dealers seem to have real honor, sense of fairplay. Puts brokerages to shame.

I wonder if dealers have an explicit "code of ethics" and etiquette on the phone? I know it's off topic, but what do you say on the phone when you are trying to place an order? What's the counter-party thinking, and how do you keep poker face or voice while probing whatever possible of his status?

Quoting fti
Mamood,
what you said is wrong.
very very wrong.
when you deal with dealer.
after he made a price you are entitle hold for dicision.
If his price is off he will inform that his price is off dfor dealing.
You need ask again for price to deal.

When you operate with brokers.
when you hit, in fact is a market order.
requoting is bullshit.
is order to fill at market. Wherever it is.
No one can requote without offing his prices.
If he misses market is his own business, he is STUFFED.


if i made markets to you in 6 digit piptits, you...
  • #24,907
  • May 12, 2011 7:47am May 12, 2011 7:47am
Quoting fullperson
Dealers seem to have real honor, sense of fairplay. Puts brokerages to shame.

I wonder if dealers have an explicit "code of ethics" and etiquette on the phone? I know it's off topic, but what do you say on the phone when you are trying to place an order? What's the counter-party thinking, and how do you keep poker face or voice while probing whatever possible of his status?
Forex dealers deals on many platforms.
Be they Phone, Telex, Reuters Direct, on exchange , off exchange, thru broker.
The codes of conduct applys.
Pre arrange trades and market rigging are Jailable offences.
all communications are time and sales and recorded for arbitration.
Any violations are sued to the underwear. There is Forex ettiquette and dealing conduct handbook. Which is LAW for all dealing in FOREX.

regards
  • #24,908
  • May 12, 2011 7:54am May 12, 2011 7:54am
Quoting fullperson
Dealers seem to have real honor, sense of fairplay. Puts brokerages to shame.

I wonder if dealers have an explicit "code of ethics" and etiquette on the phone? I know it's off topic, but what do you say on the phone when you are trying to place an order? What's the counter-party thinking, and how do you keep poker face or voice while probing whatever possible of his status?
You have got to stop thinking in terms of games first off all.
There are operators that can take the heat and operators that simply cannot take the heat on positions.
Why would expect anything but professionalism over a telephone? silly.

@mm
your limit orders will be filled if the BROKER/machine/algo can offset the exposure.
you should not have problems with 5's, 10's,20's..but anything over 100's there will be a game played.
And I willing to bet a telephone call from your broker, in nanoseconds.

Seems samurais are still not being open and honest about the situation.
http://enenews.com:80/urgent-radiati...xenon-up-75000
  • #24,909
  • Edited 8:14am May 12, 2011 8:00am | Edited 8:14am
Quoting jacson101
You have got to stop thinking in terms of games first off all.
There are operators that can take the heat and operators that simply cannot take the heat on positions.
Why would expect anything but professionalism over a telephone? silly.

@mm
your limit orders will be filled if the BROKER/machine/algo can offset the exposure.
you should not have problems with 5's, 10's,20's..but anything over 100's there will be a game played.
And I willing to bet a telephone call from your broker, in nanoseconds.

Seems samurais are still not being...
Sorry jack, dare not think how the next generations all going to die.
Or even if they will ever come out.According to my mentor KC. Cancer is not so painful if die quickly.He refused medication due to stage 4 and only took 2 months kick the bucket. Better than waste the fortune on meds.

Was wondering what impact radiation has on sperms and overy?
Maybe soon may need put all the eggs and sperms in washing dish to get the healthy one?
Can classify that as foreplay. maybe i am really getting sick.
Maybe watch too much Xmen?
If i get to say, i want next mutation have super heart.


regards.
  • #24,910
  • May 12, 2011 8:17am May 12, 2011 8:17am
Quoting fti
Sorry jack, dare not think how the next generations all going to die.
Or even if they will ever come out.

Was wondering what impact radiation has on sperms and overy?
Maybe soon may need put all the eggs and sperms in washing dish to get the healthy one?
Can classify that as foreplay. maybe i am really getting sick.
Maybe watch too much Xmen?
If i get to say, i want next mutation have super heart.


regards.
I dunno Fred.
Seems everyone is having heart problems.
Maybe we should all get these PHD's to get to work, and instead of inventing wonderful new ways for too big too fail they could work on heart research or something.
Rgds, good to read you... just seen some "ego" nonsense in the thread that bothered me.
Rgds all.
  • #24,911
  • May 12, 2011 8:29am May 12, 2011 8:29am
Quoting fti
Sorry jack, dare not think how the next generations all going to die.
Or even if they will ever come out.According to my mentor KC. Cancer is not so painful if die quickly.He refused medication due to stage 4 and only took 2 months kick the bucket. Better than waste the fortune on meds.

Was wondering what impact radiation has on sperms and overy?
Maybe soon may need put all the eggs and sperms in washing dish to get the healthy one?
Can classify that as foreplay. maybe i am really getting sick.
Maybe watch too much Xmen?
If...
quote:
Despite these observations, there’s still no consensus over how Chernobyl’s radioactive explosion might have affected the genes of those exposed. According to chernobyl.info, some studies concluded that the doses of ionizing radiation were too low to cause any problems with fertility, stillbirths, adverse pregnancy outcomes, delivery complications, or the overall health of children. Other studies show an increase in genetic mutations and hereditary defects as related to the level of radioactive contamination.

Guardian Unlimited, April 26, 2006

http://blisstree.com/feel/chernobyl-...tic-mutations/
  • #24,912
  • Edited 9:14am May 12, 2011 8:41am | Edited 9:14am
Ok , since i am at it and still breathing.
Here goes, a deal.

Hi hi friends
may i have usd/yen in 50

hihi friend,
mom please dealer in toilet , servicing his boss.

on the side.
Quick, get the bastards blotter

clerk
he's long 1 b in usd/yen


dealer OMG, he going tp.

hihi friends,
in 50 usd/yen 130.11/14.


1 nano second later

off 20/23, off., 28/31,off 56/59, off, 75/78, off,80/90,off

i deal now 129.02/05

1 nano second later

off
market unstable
please ask again.

hey friend , you want deal or not?
What the jumops was your handle?

retail traders: oh my jim beeans, is there fig release?
next trader: not that i know of
what the fish?
i turn kissed the next trader and she gapped 1 yen
ohh, maybe they saw you.

hihi friends,
how now you deal usd/yen for 1.

oh , so sorry please go counter 12.
Sorry i cannot quote
Be back after you cleaned my cache and rebooted your boss.

regards
  • #24,913
  • May 12, 2011 9:11am May 12, 2011 9:11am
Quoting fti
Ok , since i am at it and still breathing.
Here goes, a deal.

Hi hi friends
may i have usd/yen in 50

hihi friend,
mom please dealer in toilet , servicing his boss.

on the side.
Quick, get the bastards blotter

clerk
he's long 1 b in usd/yen


dealer OMG, he going tp.

hihi friends,
in 50 usd/yen 130.11/14.


1 nano second later

off 20/23, off., 28/31,off 56/59, off, 75/78, off,80/90,off

i deal now 129.02/05

1 nano second later

off
market unstable
please ask again.

hey friend , you want deal or not?
What the jumops was your handle?

retail...
  • #24,914
  • May 12, 2011 9:22am May 12, 2011 9:22am
Quoting jacson101
sorry for the dealers arragance.
But thats what the electronic algos doing, isn't it?

pure SCAMs.
and i haven't even given example of quoting in piptits, that stuff still eludes my mind.
there you have it , your gaps.

regards
  • #24,915
  • May 12, 2011 9:32am May 12, 2011 9:32am
Quoting fti
sorry for the dealers arragance.
But thats what the electronic algos doing, isn't it?

pure SCAMs.
and i haven't even given example of quoting in piptits, that stuff still eludes my mind.
there you have it , your gaps.

regards
Don't forget the cigarette.
  • #24,916
  • May 12, 2011 9:35am May 12, 2011 9:35am
Quoting jacson101
Don't forget the cigarette.
ya ya.
thanks for reminder.



regards
  • #24,917
  • May 12, 2011 9:40am May 12, 2011 9:40am
Quoting fti
ya ya.
thanks for reminder.


regards
yeah yeah I know sorry sir.

edit:
"stink operations", still laughing...
that's funny stuff.
ok back to work,rgds.
  • #24,918
  • May 12, 2011 2:45pm May 12, 2011 2:45pm
Dear Friends,

I owe you a decision about the question I asked you yesterday. Yeah – that “public Trading” thingy. I have the strong feeling that fti does not like that idea very much. He may see the possible dangers and misleadings, that might result out of that experiment much clearer, than me.

So I think it is just a matter of respect for him and his teachings, not to go that way.
However – many thanx for your encouraging comments.

Wish you all the best,

Niels
  • #24,919
  • May 12, 2011 3:07pm May 12, 2011 3:07pm
Hi again,

just a common finding that I made during my talks with some traders.
Maybe you know it too ...




Things go very often like this:

  1. You learn something new.
    You spend a lot of time with reading and research
    to grasp the concept
  2. You do your training. After the first few steps you gather some experiences.
  3. You can see some ideas behind.
    You are thinking: "Could it really be that simple?"
  4. You are becoming successful
  5. But because you are a human being, you try to optimize and tweak some parameters and procedures in that MO.
  6. Succes increases too.
  7. You are learning more.
    Your optimization makes the MO more and more complicated
  8. Your success is not consistent anymore
  9. You optimze your trading approach even more to regain your old performance
  10. The results are getting even more worse
  11. You will go throught some kind of mental crash

But I have the strong conviction that you know already, how to solve the problem, right?

Yeah - back to the basics!

All the best,
Niels

  • #24,920
  • May 12, 2011 3:12pm May 12, 2011 3:12pm
Quoting MaMood
Dear Friends,

I owe you a decision about the question I asked you yesterday. Yeah – that “public Trading” thingy. I have the strong feeling that fti does not like that idea very much. He may see the possible dangers and misleadings, that might result out of that experiment much clearer, than me.

So I think it is just a matter of respect for him and his teachings, not to go that way.
However – many thanx for your encouraging comments.

Wish you all the best,...

Hi Niels!
Did you received my pm?
No hurry, just asking
Thanks, Jaro
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