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Technical Analysis Fallacy

  • #26,881
  • Aug 4, 2011 12:33pm Aug 4, 2011 12:33pm
Quoting Zoran
LOL! I like this one. Don't mess with the apes!

http://www.youtube.com/watch?v=GhxqIITtTtU
  • #26,882
  • Aug 4, 2011 4:17pm Aug 4, 2011 4:17pm
Quoting Fana
The new leader...
http://www.youtube.com/watch?v=SuW7JzF1dSs
There's only one 100% voluntary military force, they are there because they chose to be there, for that reason alone, there is no competition, battle tested from top to bottom (home guard included).

Inserted Video
  • #26,883
  • Edited 5:44pm Aug 4, 2011 4:43pm | Edited 5:44pm
Quoting plamendp
Guys, take a look at these pictures. This is the Market Depth window for G/U, U/J and E/U.

Those 3000k limit orders (in white rectangles) are ALWAYS THERE, just few pips bellow/above the last trade. And I mean ALWAYS! Their prices are constantly adjusted and stay bellow/above. Sometimes they get filled but just in NANOseconds they are replaced by new 3000k at the usual distance - few pips.

Now, this isn't valid only for these pairs, but for ALL AVAILABLE pairs on the platform. (I just cba to take N more pictures).

I mean, at any given...
Hi plamendp,
Thank you for the information.
Very helpful information.

@ To All my friends.
This concludes the retail forex experimentation.
I will be now focus on trying stay alive and also trading my personal spot forex with tier and licenced financial institutions , for as long as i am still alive. I am not receptive nor have good confidence on this infant retail forex broking industry structure.
Much as i like to help as many traders as I can, Unfortunately is not going to be healthy activities for me.
I shall however still be having my facebook account for as long as i can manage and will still come around there sometimes.
If you need help on questions, can request there. However i am not of strong energies to help strangers and if you come by without introduction nor stateing reasons for communication , you may not get response. Esp if you posting pic as coconut trees or animals.
All I need present has been given. Some findings of my experimentation has been made available in this thread as well.

I hope this thread may continue to help as many as will take initiative to read it.

God bless all my friends here and with good health.
Thank You for the affections.
regards

Edit: forgot tell you, my friends, the reason for this experimentation.
The reason was because , being retired and begining feel end near. I wanted distribute my estate early to love ones. Thinking may be able to trade with minimal cap deposits using the available leverage and still make some retirement trading. ( second wind or last leg, if you like)Which now am not confident to proceed with. However will make other arrangements.
  • #26,884
  • Aug 4, 2011 4:44pm Aug 4, 2011 4:44pm
Markets/Crosses tearing apart today, Swiss feeling the pressure
  • #26,885
  • Aug 4, 2011 4:49pm Aug 4, 2011 4:49pm
Quoting fti
Hi plamendp,
Thank you for the information.
Very helpful information.

@ To All my friends.
This concludes the retail forex experimentation.
I will be now focus on trying stay alive and also trading my personal spot forex with tier and licenced financial institutions , for as long as i am still alive. I am not receptive to this infant retail forex industry structure.
Much as i like to help as many traders as I can, Unfortunately is not going to be healthy activities for me.
I shall however still be having my facebook account for as long as i can...
Godspeed.
  • #26,886
  • Aug 4, 2011 4:55pm Aug 4, 2011 4:55pm
Quoting fti
Hi plamendp,
Thank you for the information.
Very helpful information.

I hope this thread may continue to help as many as will take initiative to read it.

God bless all my friends here and with good health.
Thank You for the affections.
regards
Wishing you all the best also fti and I hope you drop in more often than not.
  • #26,887
  • Aug 4, 2011 4:56pm Aug 4, 2011 4:56pm
Quoting auxesis
Godspeed.

Inserted Video
  • #26,888
  • Aug 4, 2011 4:58pm Aug 4, 2011 4:58pm
Quoting fti
Hi plamendp,
Thank you for the information.
Very helpful information.

@ To All my friends.
This concludes the retail forex experimentation.
I will be now focus on trying stay alive and also trading my personal spot forex with tier and licenced financial institutions , for as long as i am still alive. I am not receptive nor have good confidence on this infant retail forex broking industry structure.
Much as i like to help as many traders as I can, Unfortunately is not going to be healthy activities for me.
I shall however still be having my facebook...
Thank You FTI!
Be Well and Blessed!
Jaro
  • #26,889
  • Aug 4, 2011 5:27pm Aug 4, 2011 5:27pm
Quoting auxesis
There's only one 100% voluntary military force, they are there because they chose to be there, for that reason alone, there is no competition, battle tested from top to bottom (home guard included).

http://www.youtube.com/watch?v=t2vWi...eature=related
The USA is the great country. For me it is the symbol of freedom and power. Unfortunately here in the central Europe, the most of people dont know and dont want to know, what the freedom is...
  • #26,890
  • Aug 4, 2011 6:07pm Aug 4, 2011 6:07pm
Quoting fti
Hi plamendp,
Thank you for the information.
Very helpful information.

@ To All my friends.
This concludes the retail forex experimentation.
I will be now focus on trying stay alive and also trading my personal spot forex with tier and licenced financial institutions , for as long as i am still alive. I am not receptive nor have good confidence on this infant retail forex broking industry structure.
Much as i like to help as many traders as I can, Unfortunately is not going to be healthy activities for me.
I shall however still be having my facebook...
. I was a journey...
Empty as water and soft as a facing wind mountain
  • #26,891
  • Aug 4, 2011 8:59pm Aug 4, 2011 8:59pm
Quoting fti
Hi plamendp,
Thank you for the information.
Very helpful information.

@ To All my friends.
This concludes the retail forex experimentation.
I will be now focus on trying stay alive and also trading my personal spot forex with tier and licenced financial institutions , for as long as i am still alive. I am not receptive nor have good confidence on this infant retail forex broking industry structure.
Much as i like to help as many traders as I can, Unfortunately is not going to be healthy activities for me.
I shall however still be having my facebook...
I am glad to be part of the journey and have learnt a lot. Take care. Ray
  • #26,892
  • Aug 4, 2011 9:29pm Aug 4, 2011 9:29pm
Quoting fti
Hi plamendp,
Thank you for the information.
Very helpful information.

@ To All my friends.
This concludes the retail forex experimentation.
I will be now focus on trying stay alive and also trading my personal spot forex with tier and licenced financial institutions , for as long as i am still alive. I am not receptive nor have good confidence on this infant retail forex broking industry structure.
Much as i like to help as many traders as I can, Unfortunately is not going to be healthy activities for me.
I shall however still be having...
all the love in the world for you chief...

V
  • #26,893
  • Aug 4, 2011 10:17pm Aug 4, 2011 10:17pm
Take care Sir.
  • #26,894
  • Aug 4, 2011 11:48pm Aug 4, 2011 11:48pm
Quoting auxesis
There's only one 100% voluntary military force, they are there because they chose to be there, for that reason alone, there is no competition, battle tested from top to bottom (home guard included).

http://www.youtube.com/watch?v=t2vWi...eature=related
I don't think that's true at all. There's been no national service in the UK since the 1950s for a start and I'm sure there must be other countries with a voluntary force. The world outside the USA seems to be of little interest to some Americans though.

EDIT: In fact, up until 1916, all the British soldiers that fought in the Great War were volunteers as well.
  • #26,895
  • Aug 5, 2011 12:47am Aug 5, 2011 12:47am
Quoting fti
Hi plamendp,
Thank you for the information.
Very helpful information.

@ To All my friends.
This concludes the retail forex experimentation.
I will be now focus on trying stay alive and also trading my personal spot forex with tier and licenced financial institutions , for as long as i am still alive. I am not receptive nor have good confidence on this infant retail forex broking industry structure.
Much as i like to help as many traders as I can, Unfortunately is not going to be healthy activities for me.
I shall however still be having...
Fti take a good care of yourself. be there always and try to peek in TAF more often than not.

regards
Bert
  • #26,896
  • Aug 5, 2011 12:58am Aug 5, 2011 12:58am
Quoting plamendp
Those 3000k limit orders (in white rectangles) are ALWAYS THERE, just few pips bellow/above the last trade. And I mean ALWAYS! Their prices are constantly adjusted and stay bellow/above. Sometimes they get filled but just in NANOseconds they are replaced by new 3000k at the usual distance - few pips.

Now, this isn't valid only for these pairs, but for ALL AVAILABLE pairs on the platform. (I just cba to take N more pictures).

I mean, at any given NANOsecond, among other limit orders, there are ALWAYS 2 x 3000k limit orders on both sides at...
hi Plamendp,
i do not understand completely what you have presented but given Fti's reaction it seems to be of major concern. by the way what do you mean by "there are ALWAYS limit orders on both sides at a fixed distance to last trades" ? what do you mean by both sides (one side short and other one long)?

i wish someone could interpret it....Fti did it earlier but i am having difficulty in grasping. Some more explanation if somebody could.

regards
Bert
  • #26,897
  • Aug 5, 2011 3:05am Aug 5, 2011 3:05am
Quoting fti
Hi plamendp,
Thank you for the information.
Very helpful information.

@ To All my friends.
Thanks for all your insights Fti. Hope your health improves and wish you luck on your other endeavours
  • #26,898
  • Aug 5, 2011 3:13am Aug 5, 2011 3:13am
Quoting plamendp
Guys, take a look at these pictures. This is the Market Depth window for G/U, U/J and E/U.

Those 3000k limit orders (in white rectangles) are ALWAYS THERE, just few pips bellow/above the last trade. And I mean ALWAYS! Their prices are constantly adjusted and stay bellow/above. Sometimes they get filled but just in NANOseconds they are replaced by new 3000k at the usual distance - few pips.
I've noticed that too. However I don't see a reason to suspect broker manipulation from this. It could very well be a trader's automated trading strategy. Probably even a loosing one. Just take a look at the automated trading systems forum and I would'nt be surprised to find an EA that places limit orders at "x" pips form the last traded price.

The size is big for retail, but not unthinkable of and if you consider that MBT "pays for limits" I'm sure some traders are trying to use that to their advantage.
  • #26,899
  • Aug 5, 2011 3:32am Aug 5, 2011 3:32am
Quoting cuthbert
hi Plamendp,
i do not understand completely what you have presented but given Fti's reaction it seems to be of major concern. by the way what do you mean by "there are ALWAYS limit orders on both sides at a fixed distance to last trades" ? what do you mean by both sides (one side short and other one long)?

i wish someone could interpret it....Fti did it earlier but i am having difficulty in grasping. Some more explanation if somebody could.

regards
Bert
Yes, "both sides" means orders on both sides, on bid AND on ask side, long AND short. If you take a second look at the picture, focus on white rectangles. On the bid side (left) you can see 2 x 3000k (2 x 3 mio) limit orders (long) and on the ask side (right) you can see the same: 2 x 3000k limit orders (short). They are very close to current market's bid/ask, but still few pips away.

What is more important, these orders are:

1) Always there (every single nanosecond). If filled (partialy or fully) they are instantly (I repeat: instantly!) replaced with brand new 3000k order(s).

2) They stay ALWAYS few pips bellow (left side) and above (right side) away from the current market's bid/ask.

3) This is valid for EVERY SINGLE pair on the platform, including exotics one. The same 2 x 3000k limit orders on short and long side. Eveyrwhere!

4) These "3000k" orders' price is constantly (miliseconds) readjusted to reflect the current market and to stay the same few pips away.

5) Price distance between these 3000k orders and current bid/ask is always very close or exactly equal to the current spread.


Well, I already have a semi-official answer that these orders are generated by robots managed by reatail customers.


I hope it makes sense now.

To me it's a robot to:

1) Catch order flow (official explanation) (? what does it mean)
2) Liquidity simulator
3) I don't know, I am not a forex guru




Plamen
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 180 KB
Bah...
  • #26,900
  • Aug 5, 2011 3:40am Aug 5, 2011 3:40am
Quoting tricello
I've noticed that too. However I don't see a reason to suspect broker manipulation from this. It could very well be a trader's automated trading strategy. Probably even a loosing one. Just take a look at the automated trading systems forum and I would'nt be surprised to find an EA that places limit orders at "x" pips form the last traded price.

The size is big for retail, but not unthinkable of and if you consider that MBT "pays for limits" I'm sure some traders are trying to use that to their advantage.
I agree, already crossed my mind. However, as you mentioned, look at the size? That's too much for a regular trader: (6 mio) x (ALL Pairs) x (24x5) ! So, it must be someone bigger than average! That's what I don't like. A robot is ok. A big robot is scary

Besides, it requires a perfect, guaranteed response from the platform server! Guess who has such a guaranteed access!

Anyway, this is OFF-topic now. I was just curious! And maybe paranoic at some healthy degree :-)

Plamen
Bah...
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