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Technical Analysis Fallacy

  • #29,361
  • Nov 27, 2011 12:38am Nov 27, 2011 12:38am
Quoting Conceptual
How one defines retail, defines whether or not one can generate a living from trading 2% of total equity, but I was not making a blanket declaration on all 2% traders. The general rule holds mathematically firm - the average retail opening account balance is significantly less than $8,000.00
Hi Conceptual,
It's comforting to know that I am above average, but just out of curiosity, where did your statistics come from?

Regards
  • #29,362
  • Nov 27, 2011 1:00am Nov 27, 2011 1:00am
Quoting fti
I really not know the form of God. He seems formless and no where to be seen.
That is because i not know his form that i can recognise or percieve.
I would like to post an excerpt about Immanual Kant's Metaphysics.

'we cannot meaningfully conceive of an object that exists outside of time and has no spatial components and isn't structured in accordance with the categories of the understanding, such as substance and causality. Although we cannot conceive of such an object there is no way of showing that such an object does not exist. Therefore, the science of metaphysics must not attempt to reach beyond the limits of possible experience but must discuss only those limits, thus furthering the understanding of ourselves as thinking beings.'

Regards

Bert
  • #29,363
  • Edited 1:22am Nov 27, 2011 1:09am | Edited 1:22am
Ok Con,

since Trader picked up on this question.And is a prfessional question for defination. I put this to rest first.

Your question is.
"Originally Posted by Conceptual View Post
How one defines retail?"

Professionally this how define retail in forex.

3 factors.

1. If you deal less that $2 usd million per ticket deal. Then you retail.
Because 2 million usd is accepted market minimum requirement to call a bank for a price to deal.

2. to be able call a bank deal direct , you need have institution credit limits setup. In dealing circles is called "lines" ie line of credit. It defines what tier each is by the maximum one can deal direct.

3. You are retail, if you non market making and have no ability spar prices.
In laymen terms means if you can call me for a price deal 50 million , i expect you can make me price for me hit you 50 million as well.Is reciprocal.

From all the 3 factors.
I will say that if i can make you price deal at 1.3000/02 and you sell me at 1.3000. If i can next make price deal at 1.3050/52, then i am primary market. Unless you have same capability quote me otherwise, then you user, ie retail.

get it clear?
If you don't believe.
Just go any bank's treasury and check with any dealer.
Even the most junior can help you with the info.


regards
  • #29,364
  • Nov 27, 2011 1:10am Nov 27, 2011 1:10am
I suggest that we be kind to outsiders and new comers and not bring into the discussion or questioning their personality or dignity, lets people be themselves, we never know what is behind their words, because most of the times we do not know what is behind ours.

Hospitality in my universe is sacred.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,365
  • Edited 1:42am Nov 27, 2011 1:25am | Edited 1:42am
Quoting mla
I suggest that we be kind to outsiders and new comers and not bring into the discussion or questioning their personality or dignity, lets people be themselves, we never know what is behind their words, because most of the times we do not know what is behind ours.

Hospitality in my universe is sacred.

mla
you are a mature man.
To me i not see any insiders , outsiders.
All is same to me just market participants.

Maybe you can help me define insiders and outsiders?
For me only have friends, and some of them in much much troubled minds.

I showed you what and how i do.
If it helps you, i am happy.
If it doesn't, I am happy too. Another sucker to help feed me thru the markets.
Anyways, the ,markets had given me a wonderful lifestyle.
and still she provide me, in my twinlights.



regards
  • #29,366
  • Nov 27, 2011 1:40am Nov 27, 2011 1:40am
Quoting fti
you are a mature man.
To me i not see any insiders , outsiders.
All is same to me just market participants.

Maybe you can help me define insiders and outsiders?
For me only have friends, and some of them in much much trouble.

regards
Fti

Mature? You mean old. huum

If you are in continuous expansion (farting) you will not see outsiders or insiders and that is good.

But the outsider or newcomers will perceive more the hostility than the one that has been part of the group for a while.

That is why in my universe hospitality is sacred. We welcome the one that we have not communicating before, I know we are all friend, but a little more grace is dedicated to those and specially to the ones that we think are
more in need. In brief, compassion. This is the only way forward.
I hope this helps.

mla

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,367
  • Nov 27, 2011 1:45am Nov 27, 2011 1:45am
Quoting fti
Ok Con,

since Trader picked up on this question.And is a prfessional question for defination. I put this to rest first.

Your question is.
"Originally Posted by Conceptual View Post
How one defines retail?"

Professionally this how define retail in forex.

3 factors.

1. If you deal less that $2 usd million per ticket deal. Then you retail.
Because 2 million usd is accepted market minimum requirement to call a bank for a price to deal.

2. to be able call a bank deal direct , you need have institution credit limits setup. In dealing...
Thanks for the clarification chief.

So I'm way below average acc size then

Regards
  • #29,368
  • Nov 27, 2011 1:46am Nov 27, 2011 1:46am
Quoting mla
Fti

Mature? You mean old. huum

If you are in continuous expansion (farting) you will not see outsiders or insiders and that is good.

But the outsider or newcomers will perceive more the hostility than the one that has been part of the group for a while.

That is why in my universe hospitality is sacred. We welcome the one that we have not communicating before, I know we are all friend, but a little more grace is dedicated to those and specially to the ones that we think are
more in need. In brief, compassion. This is...
old?
Old is good , considering the alternative.
like Vic said.
Growing Old is mandated.
growing Up is optional.

regards
  • #29,369
  • Nov 27, 2011 1:48am Nov 27, 2011 1:48am
Quoting fti
old?
Old is good , considering the alternative.
like Vic said.
Growing Old is mandated.
growing Up is optional.

regards



mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,370
  • Edited 2:09am Nov 27, 2011 1:49am | Edited 2:09am
Quoting N_Trader
Thanks for the clarification chief.

So I'm way below average acc size then

Regards
N,
if you took a stroll down Boat Quay.
When you tell peeps there you trade forex, please no mention your ticket size.
The street, they may laugh themselves to a hernia.
esp if you pop at jeremy's place.Or micheal's joint, the yellow banana submarine.
not even at duxton joints, my friend.
Wonder if the drinkhole at the Shang is still flowing the barrels.
Heard they followed the chicks to Sultan mohd street.
I prefer at pinacales or compass rose, was wonderful thee.
Every meal was like writing a ticket.

Ya was wonderful, with everyone else fighting picking up the tab.


regards.
  • #29,371
  • Nov 27, 2011 2:02am Nov 27, 2011 2:02am
Well I am cooking spatchcook at the grill for my family and also checking for posts, it looks like this has become my social life, damn.

Anyway a bit of music from my country.

mla

Inserted Video
!
"The Heart is the hub of all dances; go there and chill out"
  • #29,372
  • Nov 27, 2011 2:11am Nov 27, 2011 2:11am
Quoting fti
3.I am trained and certified Technical Analyst, so technical studies is my bread butter. So am i qualified discuss technical analysis? What about technical analysis would you like discuss?
~~ Lets see if we can find common ground talk.
A long time a go you started to explain how you viewed candle sticks.

I remember the two fat ladies, but I don't think you continued with subject. In any event I can't find it now.
Good Trading
  • #29,373
  • Nov 27, 2011 2:17am Nov 27, 2011 2:17am
Quoting aud
A long time a go you started to explain how you viewed candle sticks.

I remember the two fat ladies, but I don't think you continued with subject. In any event I can't find it now.
aud,
do you know what candle charting is?
is just skeleton bar charts with colour.
if you zoom in on bar charts enough, you will see the same things
only no colour.
but no colour is also a colour, if you trained your eyes well enough.
I guess everyone prefers his geisha have makeup.


regards
  • #29,374
  • Nov 27, 2011 2:22am Nov 27, 2011 2:22am
Quoting fti
N,
if you took a stroll down Boat Quay.
When you tell peeps there you trade forex, please no mention your ticket size.
The street, they may laugh themselves to a hernia.
esp if you pop at jeremy's place.Or micheal's joint, the yellow banana submarine.
not even at duxton joints, my friend.
Wonder if the drinkhole at the Shang is still flowing the barrels.
Heard they followed the chicks to Sultan mohd street.
I prefer at pinacales or compass rose, was wonderful thee.
Every meal was like writing a ticket.

Ya was wonderful,...
why do you think I always talk in pips and %, chief?
It's embarrassing enough even to mention it here

It's been a long time since I party in those places you mentioned. Nowadays, I am busier dancing with the lady

With my newly wedded wife, I think it would be much tougher to get my visa

You must have been a real party animal then.... No?

Regards
  • #29,375
  • Nov 27, 2011 2:25am Nov 27, 2011 2:25am
Quoting N_Trader
why do you think I always talk in pips and %, chief?
It's embarrassing enough even to mention it here

It's been a long time since I party in those places you mentioned. Nowadays, I am busier dancing with the lady

With my newly wedded wife, I think it would be much tougher to get my visa

You must have been a real party animal then.... No?

Regards
no la,
i mostly attend in my sarong.
Nic and sean was the party animal.
Ya ya immigration rules are very hard to circumvent.
Well be nice cinderella lor.



regards
  • #29,376
  • Nov 27, 2011 2:31am Nov 27, 2011 2:31am
Quoting fti
no la,
i mostly attend in my sarong.

regards
And my guess is that you never had to foot the bill
Circumvent? That would be the other thing besides bad mindset that could take my head off. Lol!
Who are Sean and Nic? Super traders too?

Btw chief, I read an interesting thought posted by Crucialpoint in his profile

"What if today was the first day of trading and trading never existed before today? What would your signals rely upon? Hypothetically speaking, what if the president banned all price history and is deleted in an instant? Does that mean you will never have the opportunity to trade because you can't figure out a signal to buy or sell?... because your signal/system to enter the market is reliant on historical data. "

I see some truths in what he shared... Would like to hear your views thou. It seems that CP is implying that institution traders trade mainly based on some sort of reference pt.

If you think this is rubbish, I will remove my post immediately.

Regards
  • #29,377
  • Edited 3:03am Nov 27, 2011 2:40am | Edited 3:03am
Quoting N_Trader
And my guess is that you never had to foot the bill

Btw chief, I read an interesting thought posted by Crucialpoint in his profile

"What if today was the first day of trading and trading never existed before today? What would your signals rely upon? Hypothetically speaking, what if the president banned all price history and is deleted in an instant? Does that mean you will never have the opportunity to trade because you can't figure out a signal to buy or sell?... because your signal/system to enter the market is reliant on historical...
what bill? there's no such things as bills, if you have brokers around. Wonder why they're everywhere. Before you can sit down already bottles and bottles of favourite whiskey appears on table like geinies.

Ask the barman for "black devil" thats the formulae for hacks.
If you refined, then kalua or contreau is fine too.
one tastes like coffee, the other like your breakfast orange.

he is correct.
thats how the markets are, every moment.
there's no such thing as historical for trading.
all the relics are in museums.
Ya , you would probably see the same scenerio on monday.
And whole 90 % of losers all waiting foe market makers determine the support and resistence.


Oh the two stoogers at barings.
there are many.
One choked on his tekila pop and died.


regards
  • #29,378
  • Nov 27, 2011 2:44am Nov 27, 2011 2:44am
mla

Inserted Video
"The Heart is the hub of all dances; go there and chill out"
  • #29,379
  • Nov 27, 2011 2:45am Nov 27, 2011 2:45am
Hi,

I may not be profitable yet in this business but ... not just yet. the way i read conceptual's ranting -- remind me of my old pedagodgy professor, a loveless & gay; very the same in a sense that he loves to question almost everything... even the very existence of a being. I am just thinking is he really for real?

regards,
carlo

p.s. conceptual, why not open a thread and show us your profitable system or your methodology of trading forex instead of disrupting the flow in this community. People can talk just fine, but not all of them got the balls to show to public. Now the question is, do you have the guts to show us what your babbling or you're just like other people who just good in talking?
  • #29,380
  • Nov 27, 2011 3:08am Nov 27, 2011 3:08am
Quoting Dmessenger
Hi,

I may not be profitable yet in this business but ... not just yet. the way i read conceptual's ranting -- remind me of my old pedagodgy professor, a loveless & gay; very the same in a sense that he loves to question almost everything... even the very existence of a being. I am just thinking is he really for real?

regards,
carlo

p.s. conceptual, why not open a thread and show us your profitable system or your methodology of trading forex instead of disrupting the flow in this community. People can talk just fine, but not all of...
be kind to them hor.
these the peeps making all the viruses in the world mutating.
is not safe make Dr von Frankenstein angry hor.

regards
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