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Technical Analysis Fallacy

  • #26,901
  • Aug 5, 2011 3:47am Aug 5, 2011 3:47am
Quoting plamendp
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!)...
FX is very hard to follow on market depth.

TDFX = broker = GAIN = forex.com same player.

5. it is spread..

what you see, are only cumulative positions from the broker on both sides, ASk and BID and YES the difference is the spread.. and when needed broker adjust positions to keep books float...


For real Market Depth you need a centralized market like Nasdaq, and then you may see the other players and eventualy some large blocks of order.. in FX market is very difficult. In your case, the whole feed is only from 1 player -> your broker..
  • #26,902
  • Aug 5, 2011 4:15am Aug 5, 2011 4:15am
Quoting Piters
FX is very hard to follow on market depth.

TDFX = broker = GAIN = forex.com same player.

5. it is spread..

what you see, are only cumulative positions from the broker on both sides, ASk and BID and YES the difference is the spread.. and when needed broker adjust positions to keep books float...


For real Market Depth you need a centralized market like Nasdaq, and then you may see the other players and eventualy some large blocks of order.. in FX market is very difficult. In your case, the whole feed is only from 1 player -> your...
Thank you Piters!
Bah...
  • #26,903
  • Aug 5, 2011 4:18am Aug 5, 2011 4:18am
Quoting plamendp
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
Agree, that would be a big robot!! If it's from a trader as they say, it's probably hosted in the VPS (they offer it free, i think) that's why it's always there.

Anyway, being them or another trader it's not that much different from what we try to do here. Stay close to the market and load and unload positions in our favor...
  • #26,904
  • Aug 5, 2011 7:39am Aug 5, 2011 7:39am
Quoting fti

@ To All my friends.
This concludes the retail forex experimentation.

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

i for one shall be reading and re-reading this thread as it has already been of great help to me, i am sure that i will take much more away with me as i am understanding your writings even more as i read through.

i wish you the very best for what ever you will be focusing on.

thank you once again for leaving us this truly insperational and enlightening thread, i hope you find some normality and ease from your health problems to enable you to do what ever you need to, god bless you and thanks so much (again) for all you have shared.
-be careful about what you allow to be put in your mind-
  • #26,905
  • Aug 5, 2011 8:02am Aug 5, 2011 8:02am
Quoting fti
@ 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...
fti, I do not have the words to express my thanks and appreciation for your great work here. You have demonstrated what is best in people here by your teachings, guideance and friendship. Be at peace and be happy!
  • #26,906
  • Aug 5, 2011 8:20am Aug 5, 2011 8:20am
OK, NFP is out and we can now take a deep breath and focus on trading. Not a good number from NFP, but not a bad number, either. So, the focus will perhaps swing fully to the Euro's problems, and let the US economy move to the background for a while. The ECB and european leaders continue to try to solve their structural problems with euros, so they will continue to sink until they "get a clue". The US has its structural problems, but we have been working of them for some time, and the europeans continue to deny theirs. Should make for some interesting trading the next few months. However, none of that is tradable, so watch the charts and trade them, not assumptions. Good trading to everyone.

Auxesis, I think there are a few all volunteer armies in the world outside the USA. It is just that none of them would be able to last more than 20 minutes in a fight with the likes of the 3rd ID or the Marine Expeditionary Forces (OOHRAH!).
  • #26,907
  • Aug 5, 2011 8:23am Aug 5, 2011 8:23am
Quoting fti
@ 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...
Thank you fti!

And come back soon!

Plamen

p.s. Can I have your facebook name by PM? Anyone else have it and willing to share it by PM to me, please? Thank you!
Bah...
  • #26,908
  • Aug 5, 2011 8:34am Aug 5, 2011 8:34am
Quoting GEfx
Auxesis, I think there are a few all volunteer armies in the world outside the USA. It is just that none of them would be able to last more than 20 minutes in a fight with the likes of the 3rd ID or the Marine Expeditionary Forces (OOHRAH!).
I don't want to get all nationalistic but I think the SAS would be more than a match for either of those.

The only reason that British soldiers might have a problem lasting more than 20 minutes in a fight with any section of the US military is because your forces have a nasty habit of firing on their allies and we are usually on the same side.
  • #26,909
  • Aug 5, 2011 9:31am Aug 5, 2011 9:31am
Quoting plamendp
Thank you fti!

And come back soon!

Plamen

p.s. Can I have your facebook name by PM? Anyone else have it and willing to share it by PM to me, please? Thank you!
it would be me too who needs Fti's facebook id. Thanks in advance.

regards
Bert
  • #26,910
  • Aug 5, 2011 10:33am Aug 5, 2011 10:33am
@ To All my friends.
This concludes the retail forex experimentation.

Good luck to you FTI, most are going to miss you very much.
Bill
  • #26,911
  • Aug 5, 2011 11:02am Aug 5, 2011 11:02am
Quoting fti
@ To All my friends..
Many thanks for sharing your time with us here.
i pray for your better health. God bless Sir!
  • #26,912
  • Aug 5, 2011 11:05am Aug 5, 2011 11:05am
If the newbies can understand this video...they might understand how to approach FTI trading...

chief putted sometime ago...

Inserted Video


V
  • #26,913
  • Aug 5, 2011 7:41pm Aug 5, 2011 7:41pm
http://www.reuters.com/article/2011/...7746VF20110806

US lost it

V
  • #26,914
  • Aug 5, 2011 9:12pm Aug 5, 2011 9:12pm
Quoting indianguyinny24
http://www.reuters.com/article/2011/...7746VF20110806

US lost it

V
Just now getting back in and checking the closes, apparently they did this after the markets closed today?

Be prepared for a wild ride, gaping at the open next week.
  • #26,915
  • Aug 6, 2011 2:53am Aug 6, 2011 2:53am
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...
All the best to you FTI. A million thanks!!! Shalom.
Trade what you see, not what you think or feel. Let the market come to you.
  • #26,916
  • Aug 6, 2011 12:14pm Aug 6, 2011 12:14pm
Quoting indianguyinny24
http://www.reuters.com/article/2011/...7746VF20110806

US lost it

V
It is not surprising. I recommend the movie "Inside Job" (2010) for those who still have doubts

Inserted Video


The scenario of the world is written by genre thriller. Completion is always very surprising
  • #26,917
  • Aug 6, 2011 12:53pm Aug 6, 2011 12:53pm
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...

Thanks for everything sir. Will see you on FB. Take care of yourself. You have done a great service here.

Good Trading
Mike
  • #26,918
  • Edited 1:23pm Aug 6, 2011 1:07pm | Edited 1:23pm
Quoting M-H Trader
Investing in virtual silver was the first mistake.
Since gold was freed from the dominion of money, its value continues to grow.
This is related to the growing monetary base (money supply) and rising debt in the world.

Never before in the history of the world all the countries together were not in the loop of debt at the same time.
This creates a hopeless situation in which despite the efforts of governments to maintain stability
in the financial system is doomed to collapse.

Below is a chart showing the price of gold compared to the U.S. debt.

Attached Image


As you can see, the greater the level of debt, including the gold all the time chasing the real value of money.
This is the first reason why you should invest in gold. With such a high level of debt, it will grow exponentially
as long as countries do not all debt remission. And it's not going at the moment.

Just as gold goes silver. It reacts in exactly the same rate only on smaller values. Silver, also known as "gold for the poor",
is now before the enormous growth opportunities because it is also highly useful element. His prices are rising much faster
and allow you to realize greater profits in the process of hoarding (storage) of assets.

The chart below shows the historical price of gold in relation to the level of U.S. debt.

Attached Image


To thoroughly understand the fact that gold prices rise, it is essential to be aware that it is priced in U.S. dollars
(as the reserve currency of the world). Hence the action in the U.S. have the greatest influence on his current situation.

Increasing the debt by the United States means the reprints of money. This process results in galloping inflation and price increase gold and silver.

  • #26,919
  • Aug 6, 2011 1:21pm Aug 6, 2011 1:21pm
I think you read my statement wrong. I said "virtual silver" or paper silver.

I never said silver was a bad investment. Just buy real thing and not empty volts at J.P Morgan.
  • #26,920
  • Aug 6, 2011 1:28pm Aug 6, 2011 1:28pm
Quoting M-H Trader
I think you read my statement wrong. I said "virtual silver" or paper silver.

I never said silver was a bad investment. Just buy real thing and not empty volts at J.P Morgan.


OK. Why "first"? ("Investing in a virtual silver first mistake.")
But no matter. Never enough information
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