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Technical Analysis Fallacy

  • #30,901
  • Feb 12, 2012 11:16am Feb 12, 2012 11:16am
What broker?
  • #30,902
  • Edited 12:02pm Feb 12, 2012 11:22am | Edited 12:02pm
Quoting M-H Trader
What broker?
All brokers are wide or quoting and not honouring trades.
Broker accepted trade was oanda.
At least they honoured trade,but quoted wide, which is more than what i can say for the rest of the bunch.
I will be forwarding documents to the MAS, sg, when tabulated, cc to cftc & fsa Ldn & Forex Association.
I will be requesting audit on all their time & sales logs.
How can they quote market and not honour trades.

This is OTC markets, if price print appears on platform , then they must honour trades.

regards

I am going close all the accounts. Seems only retail broker that can use is Oanda.
But they quoting expremely wide.
Now need wait for wellington for interbank activities.
Probably wellington will gap away.
  • #30,903
  • Feb 12, 2012 12:00pm Feb 12, 2012 12:00pm
Fti,

Maybe take a look at MB Trading. They claim you can trade between the spread and orders go straight through.

Good Trading
Mike
  • #30,904
  • Edited 12:17pm Feb 12, 2012 12:05pm | Edited 12:17pm
Quoting tubguy
Fti,

Maybe take a look at MB Trading. They claim you can trade between the spread and orders go straight through.

Good Trading
Mike

I am in market bidding 95 offer 00 for small.
prices at 86/01 now, what infractions in prices?
I hit oanda 88 earlier while i bidding in market 95.
this not market, is con game.

MB is too far, Us sector not open for long time yet. Can't fault them.
But the boys operating Far East is so shameful.

Only broker, whose prices can trade for small now is Oanda.
All the bunch is unprofessional in their dealings.
Imagine if you had a couple $ exposure, no way get the position out , even if your life depended on it.
This not the stock exchanges that operates trading hours? This OTC markets.
  • #30,905
  • Feb 12, 2012 12:17pm Feb 12, 2012 12:17pm
Quoting fti
All brokers are wide or quoting and not honouring trades.
Broker accepted trade was oanda.
At least they honoured trade,but quoted wide, which is more than what i can say for the rest of the bunch.
I will be forwarding documents to the MAS, sg, when tabulated, cc to cftc & fsa Ldn & Forex Association.
I will be requesting audit on all their time & sales logs.
How can they quote market and not honour trades.

This is OTC markets, if price print appears on platform , then they must honour trades.

regards

I am going close all the accounts. Seems...
I thought you gave up on retail brokers?

Have you tried a institutional broker?
  • #30,906
  • Edited 12:34pm Feb 12, 2012 12:20pm | Edited 12:34pm
Quoting M-H Trader
I thought you gave up on retail brokers?

Have you tried a institutional broker?
Retail allows me more scaling capacity, thats why i revived the accounts.
If I trade interbank marketable tickets, i can trade on interbanks TMU, why do i want pay brokers? I am old but i not crazy yet.
I not explored the whole market yrt, but citigold have facilities for forex trading retail tickets. But banks operates only their sectorial office hours. Is not nice ask for a team to service some trading although they may oblige due to favours. I not want be abusive. There is operational cost involved for the banks. Thats why i keep exploring whats available in the retail. But i keep knocking against a wall , with their unprofessionalism.

So far as i understand Oanda is institutional broking. So far proved honourable, but prices tends be wide.
But is still better than the rest , operating only as bucket shops. Today, i truely can feel their sick schemes.


regards
  • #30,907
  • Feb 12, 2012 12:25pm Feb 12, 2012 12:25pm
Yes sir,

Oanda is just the best of the bad I guess. All retailers are out to get your money I think. Some just not as much as others. Oanda is my broker now, but taking a look at MB. We'll see which is the lesser of 2 evils?
  • #30,908
  • Feb 12, 2012 12:36pm Feb 12, 2012 12:36pm
Quoting fti
Retail allows me more scaling capacity, thats why i revived the accounts.
If I trade interbank marketable tickets, i can trade on interbanks TMU, why do i want pay brokers? I am old but i not crazy yet.
I not explored the whole market yrt, but citigold have facilities for forex trading retail tickets. But banks operates only their sectorial office hours. Is not nice ask for a team to service some trading although they may oblige due to favours. I not want be abusive. There is operational cost involved for the banks. Thats why i keep exploring whats...
Retail is bottom of the barrel in fx market. Retail traders are classified as "uninformed traders" so brokers can slack. A pro like you probably not welcomed lol.
  • #30,909
  • Edited 12:57pm Feb 12, 2012 12:41pm | Edited 12:57pm
Quoting tubguy
Yes sir,

Oanda is just the best of the bad I guess. All retailers are out to get your money I think. Some just not as much as others. Oanda is my broker now, but taking a look at MB. We'll see which is the lesser of 2 evils?
I can always trade the future currencies, but they also operate on hours, and for forex markets you cannot afford the times when you have no market access. The forex markets are international and stuff can happen in any sector. If you are exposed and something happens and you have no market access, then you are dead.then you can tatoo across the forehead "I'M ONLY A GAMBLER."

If I want to gamble, there's lots of casinos around the world. Forex is not for gambling.

regards

Just imagine if you exposed with open positions, if something happens , when you have no access to markets, your counterparties will rape your account to death. Even more so when you are highly geared. There's nothing you can do, but others can escape while you just a sitting duck. See whats happening in europe over the weekends. If they decide do away the Euro on a weekend. you're finished when monday sun rises.
  • #30,910
  • Feb 12, 2012 12:52pm Feb 12, 2012 12:52pm
I'm not affiliated with Oanda or any other provider. Just for info from their website:
Spreads change based on market liquidity The forex market is not static. Rate volatility and changes in global market liquidity can result in large spread increases following news announcements and during times of political uncertainty. Market spreads also widen on weekends, when liquidity is lower. At such times, OANDA is forced to widen our spreads.
If you decide to trade on weekends or around news announcements, you need to alter your trading strategy. To prevent unwanted order execution, adjust your take profits/stop losses or trailing stops. To avoid margin calls, reduce the margin you are using by closing some trades or add more funds to your account.
OANDA's spreads begin to widen at 8:30 p.m. GMT on Friday, before the New York market officially closes at 10:00 p.m. GMT. Our spreads start narrowing again after the market opens Monday morning in Sydney (10:00 p.m. GMT on Sunday).
You can view our real-time spreads at any time by clicking here.
  • #30,911
  • Edited 1:20pm Feb 12, 2012 1:05pm | Edited 1:20pm
Quoting Arhs99
I'm not affiliated with Oanda or any other provider. Just for info from their website:
Spreads change based on market liquidity The forex market is not static. Rate volatility and changes in global market liquidity can result in large spread increases following news announcements and during times of political uncertainty. Market spreads also widen on weekends, when liquidity is lower. At such times, OANDA is forced to widen our spreads.
If you decide to trade on weekends or around news announcements, you need to alter your...
There is ethical convensions on market spreads. By what you said. If i traded with you on 2 pips spreads and if i was profitable and you adjusted spreads to 20 pips for extended periods , how am i supposed to square out my profits. The spreads must be relative to the volatility of the situations.
There is news and figs happening every other hour in forex, so what you expect to widen spreads all the time? I might as well go trade with money changers.

If you declare that i am in fact trading with money changers then i much prefer the casinos. At least there have chance of survival and I will not be leveraged.

In the inetrbank, if 1 party persistantly quoted wide, at least one can call other parties for trades. The backoffice settlements not care what the counterparty name is as long as there is credit limits. In the retail forex, one can only trade thru one counterparty who is providing the leverage. If his prices persistantly remains wide then is easy to accept that one is sunked.

Can you see that for you even to accept brokers trading account their professionalism must be rock solid, because they can screw you in more than 1 way.
  • #30,912
  • Feb 12, 2012 1:09pm Feb 12, 2012 1:09pm
Quoting fti
I can always trade the future currencies, but they also operate on hours, and for forex markets you cannot afford the times when you have no market access. The forex markets are international and stuff can happen in any sector. If you are exposed and something happens and you have no market access, then you are dead.then you can tatoo across the forehead "I'M ONLY A GAMBLER."

If I want to gamble, there's lots of casinos around the world. Forex is not for gambling.

regards

Just imagine if you exposed with open positions, if something happens...
Oh, I never hold anything over the weekend. I can be crazy at times but I'm not that stupid yet. Lol
I rarely ever place any trades on sunday evening either. Usually wait for NY to get rolling on Monday morning.
I've tried gambling in cards and other such activities. Not my cup of tea.

Really good to see you actively trading on here though. I enjoy reading it.
Can almost feel the excitement.

Good Trading
Mike
  • #30,913
  • Feb 12, 2012 1:21pm Feb 12, 2012 1:21pm
Quoting tubguy
Oh, I never hold anything over the weekend. I can be crazy at times but I'm not that stupid yet. Lol
I rarely ever place any trades on sunday evening either. Usually wait for NY to get rolling on Monday morning.
I've tried gambling in cards and other such activities. Not my cup of tea.

Really good to see you actively trading on here though. I enjoy reading it.
Can almost feel the excitement.

Good Trading
Mike
Never say Never.
Even banks need tailor risk for dealers for off daylight lines.
One day that need for over weekend risk will be needed.
Believe me.
Only pray that you not foolish carry full lines load.


regards

just for info, my cost is shorts at 02
  • #30,914
  • Feb 12, 2012 1:29pm Feb 12, 2012 1:29pm
Quoting fti
Never say Never.
Even banks need tailor risk for dealers for off daylight lines.
One day that need for over weekend risk will be needed.
Believe me.
Only pray that you not foolish carry full lines load.


regards

Agreed and noted sir.
  • #30,915
  • Feb 12, 2012 1:36pm Feb 12, 2012 1:36pm
"Athens cinemas, cafes, shops ablaze during austerity riot."

"2012-02-12 19:18 (UTC)

ATHENS, Feb 12 (Reuters) - Historic cinemas, cafes and shops went up in flames on Sunday as Greek riot police struggled to pin down black-masked anti-austerity protesters roaming around central Athens.

As lawmakers prepared to vote on an EU/IMF bailout to save Greece from a messy bankruptcy, a Reuters photographer saw the buildings engulfed in flames and huge plumes of smoke rose in the night sky.

Youths fought with police outside parliament for hours. "
  • #30,916
  • Feb 12, 2012 1:47pm Feb 12, 2012 1:47pm
"Whitney Houston, whose soaring voice lifted her to the top of the pop music world but whose personal decline was fueled by years of drug use, died on Saturday afternoon in a Beverly Hills hotel room. She was 48"

Inserted Video


Inserted Video
  • #30,917
  • Feb 12, 2012 2:05pm Feb 12, 2012 2:05pm
Quoting fti
"Whitney Houston, whose soaring voice lifted her to the top of the pop music world but whose personal decline was fueled by years of drug use, died on Saturday afternoon in a Beverly Hills hotel room. She was 48"

http://www.youtube.com/watch?v=IYzlVDlE72w

http://www.youtube.com/watch?v=wBLJIcaVC1w

Inserted Video



V
  • #30,918
  • Feb 12, 2012 2:09pm Feb 12, 2012 2:09pm
Quoting indianguyinny24
http://www.youtube.com/watch?v=aA-tOsM6F4Y


V
No no no , is Dolly's song.
Whitney made it great. But is still dolly's song.

regards


Inserted Video
  • #30,919
  • Feb 12, 2012 2:37pm Feb 12, 2012 2:37pm
now cost is 04
  • #30,920
  • Feb 12, 2012 2:58pm Feb 12, 2012 2:58pm
now cost 07
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