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Technical Analysis Fallacy

  • #30,981
  • Feb 13, 2012 7:31am Feb 13, 2012 7:31am
what a profitable day today, very orderly decline.
  • #30,982
  • Feb 13, 2012 7:43am Feb 13, 2012 7:43am
Hi All,
I am sorry i cannot do anymore hand held session.
My heart cannot take the stress.

I hope some of you can get the MO right.

Back to resting.

regards
  • #30,983
  • Feb 13, 2012 7:57am Feb 13, 2012 7:57am
Quoting fti
Hi All,
I am sorry i cannot do anymore hand held session.
My heart cannot take the stress.

I hope some of you can get the MO right.

Back to resting.

regards
Please take care Chief.

As you have said, all is already given in the thread.

Hope you recover well Chief.

regards
  • #30,984
  • Feb 13, 2012 9:08am Feb 13, 2012 9:08am
Quoting fti
Hi All,
I am sorry i cannot do anymore hand held session.
My heart cannot take the stress.

I hope some of you can get the MO right.

Back to resting.

regards

Rest well sir, no hand holding required.

Just good to have you around when you feel up to it.

Good Trading
Mike
  • #30,985
  • Feb 13, 2012 10:28am Feb 13, 2012 10:28am
Quoting fti
Hi All,
I am sorry i cannot do anymore hand held session.
My heart cannot take the stress.

I hope some of you can get the MO right.

Back to resting.

regards
take care chief, I got re-energized with your exercise.

thanks
  • #30,986
  • Feb 13, 2012 12:37pm Feb 13, 2012 12:37pm
have never seen a thread like this! 99.9% of everything a trader needs in one thread! hmm, lovely. thanks fti.
  • #30,987
  • Edited 9:24pm Feb 13, 2012 9:14pm | Edited 9:24pm
Used up all the tear gas, already on their own?
what next bullets?
I wonder, what these peeps will do to their own children.

Is ok is not their own.
What great leadership.

Maybe need add 1 billion to rescue bill.
Need buy more tear gas.

regards
  • #30,988
  • Feb 13, 2012 9:21pm Feb 13, 2012 9:21pm
Quoting fti
Used up all the tear gas, already on their own?
what next bullets?
I wonder, what these peeps will do to their own children.

Is ok is not their own.
What great leaders you have.

Maybe need add 1 billion to rescue bill.
Need buy more tear gas.

regards
Morning Fti!
Very soon will be no more money for bullets or tear gas.
Unless they print some draxma...
  • #30,989
  • Feb 13, 2012 9:26pm Feb 13, 2012 9:26pm
Quoting Jaro
Morning Fti!
Very soon will be no more money for bullets or tear gas.
Unless they print some draxma...
No need worry, euro will give.

regards
  • #30,990
  • Feb 13, 2012 9:27pm Feb 13, 2012 9:27pm
Quoting fti
No need worry, euro will give.

regards
Ya! For how long? LOL
  • #30,991
  • Feb 13, 2012 9:51pm Feb 13, 2012 9:51pm
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 only...


FTI you should try InteractiveBrokers. They have the top ten banks quoting with extremely tight spreads and large market depth and zero broker games. I deal with them. Safest deposits, and well capitalized and members of more than 60 exchanges. Have given me zero reason for complaint.
  • #30,992
  • Feb 13, 2012 11:34pm Feb 13, 2012 11:34pm
at 3130 i felt some biggy was defending and buying heavily. twice it tried to breach 3130 but both times price used to zoom 3 to 4 pips in a second to 3134. Looked like buying in lots on 200M that go straight through the price. probably some CB.
  • #30,993
  • Feb 14, 2012 12:41am Feb 14, 2012 12:41am
Quoting dakoo
FTI you should try InteractiveBrokers. They have the top ten banks quoting with extremely tight spreads and large market depth and zero broker games. I deal with them. Safest deposits, and well capitalized and members of more than 60 exchanges. Have given me zero reason for complaint.
IB aus is in the cluster of them i trying out.
They ok, but because depo is not segregated, so won't be able do size.

regards

Today the whole of europe is out begging try borrow money.
most lenders already migrated to japan or australia.
But of corse they can lend each other all they want,
the populations not bankrupted yet.

So watch the paper spreads.
Will be interesting.
much illusions.

I was just thinking, maybe , peeps should only lend to govts until the expiry of the politics term, hard to see forward pass the next elections.
Is actually crasy lend then 10 years money when their erection is coming april.
  • #30,994
  • Feb 14, 2012 12:50am Feb 14, 2012 12:50am
Quoting dakoo
FTI you should try InteractiveBrokers. They have the top ten banks quoting with extremely tight spreads and large market depth and zero broker games. I deal with them. Safest deposits, and well capitalized and members of more than 60 exchanges. Have given me zero reason for complaint.
I can second the recommendation of Interactivebrokers, I have an account with them since 2002 and have no complaint, except may be they are better for stocks and futures than forex. I find their way of Forex accounting convoluted because they do not automatically convert back to base currency, trading multiple pairs mean one gets stuck with left over currencies all over the account. I might have discussed this issue with you before.

Also their method of accounting makes it difficult to keep track of positions if one scales in and out frequently - they always give average cost of all positions including closed ones, the only way to keep track is by looking at the realized PL and unrealized PL columns. Oanda on the other hand has a trade table perfect for scaling in and out, even FIFO can be bypassed by adding single unit to equal positions. (three 1000 unit positions can be scaled in as 1001, 1002, 1003 for example)

I really want to use Interactivebrokers for Forex because I trust them most, I mention my difficulty with their way of accounting hoping for feedbacks I have overlooked. When I started looking at Forex a few years back I scrutinized IB's spread very closely and they are tight. For E/U it fluctuates between 0.5 - 1 pip during liquid hours, I very seldom or never see them stretch spreads the way Oanda does. The tighter spread does not pay if position size is too small (under 20,000 units) because of their commission ($2.5 minimum or 0.00002*position size), this is not fti's problem.

Regards,
Baifu
  • #30,995
  • Feb 14, 2012 12:53am Feb 14, 2012 12:53am
Quoting Baifu
I can second the recommendation of Interactivebrokers, I have an account with them since 2002 and have no complaint, except may be they are better for stocks and futures than forex. I find their way of Forex accounting convoluted because they do not automatically convert back to base currency, trading multiple pairs mean one gets stuck with left over currencies all over the account. I might have discussed this issue with you before.

Also their method of accounting makes it difficult to keep track of positions if one scales in and out frequently...
yes, thanks baifu, i am aware.
as far as i know most of the forex desk old horses are trading there.
I am still awaiting aust impliment the segration rule for customers monies. Or if IB may have branch in sg.


regards
  • #30,996
  • Feb 14, 2012 12:55am Feb 14, 2012 12:55am
Quoting fti
IB aus is in the cluster of them i trying out.
They ok, but because depo is not segregated, so won't be able do size.
I didn't know that, my account is with the UK branch. I wonder if each branch follow local laws. IB is in Hong Kong too.

Rgs,
baifu
  • #30,997
  • Feb 14, 2012 12:57am Feb 14, 2012 12:57am
Quoting Baifu
I didn't know that, my account is with the UK branch. I wonder if each branch follow local laws. IB is in Hong Kong too.

Rgs,
baifu
Oh uk branch will have segregation rule. Thanks.
branches operating in local environments need follow local authorities laws.

regards
  • #30,998
  • Feb 14, 2012 1:09am Feb 14, 2012 1:09am
Quoting fti
Oh uk branch will have segregation rule. Thanks.
branches operating in local environments need follow local authorities laws.

regards
FTI you have thanked me three times these past days

After teaching me all I did not know about trading you have no right to thank me

Rgs,
Baifu
  • #30,999
  • Feb 14, 2012 1:14am Feb 14, 2012 1:14am
Quoting Baifu
FTI you have thanked me three times these past days

After teaching me all I did not know about trading you have no right to thank me

Rgs,
Baifu
Oh ok no thanks.

regards
  • #31,000
  • Feb 14, 2012 1:42am Feb 14, 2012 1:42am
Quoting fti
Oh ok no thanks.

regards
IB USA accounts use a unique sweeping method of segregation. According to US rules stock trading accounts are insured $500000 cash but futures and forex accounts are not insured. So what IB does is use only the margin required for trade in futures account, while the rest of account balance is sweeped in insured stock trading accounts. And they keep the balance mostly at JP morgan and HSBC, the safest among big banks these days. I would say the American division of IB safer than UK.
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