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Technical Analysis Fallacy

  • #33,081
  • Edited 8:45pm Apr 22, 2012 7:40pm | Edited 8:45pm
Quoting textor
http://www.fxweek.com/fx-week/news/1...m-manual-users

http://www.fxweek.com/fx-week/news/2...ading-platform

http://www.google.com.ar/url?sa=t&rc...njok19EehNS9LA

Is...
Ok , seems someone open the bag.
I can only tell you in general, because this encrouches on market makers
turf.

Match blocks, are implimented normally when exceptionally large customers are in the market to hedge. and sometimes to defend against manipulators.

Normal mode of market defence against rioting prices, is via CB oopen market operations.
When Cbs are not invoked and markets are suspected to riot. Then sometimes teir 1 market makers group together to absorb the hit until some autorities show up to police.

If you remember, during one of the hand held sessions way back. I skewed positions against a market manipulation , awaiting change of sector to off load the positions. Was waiting for franfurtt to open, if you remember.

The fucnction of market makers aborbing the block deals to to not allow the transaction impact the market. esp if rioting prices is suspected.

If you trade in excess of 100 mio. the normal mode of trade should be block matched. If you try to manipulate market with size of any thing above 300mio then the lower tiers you hitting will be quoting back to back with teir 1 blocks absorbing the impact of the hit.

1 recent example is in Euro/chf
there is certainly a block group at 1.2
is SNB die defend level. so if you want penetrate that, be prepared meet the market makers there.

But what you posted textor seems retail stuff.
Even tier 3 banks can make 10 mio prices withour bating and eye lash.
maybe they want make corp hits invisible to small fishes?
would be sinister to think they withholding size or liquidity from the anchovies.


regards
  • #33,082
  • Apr 22, 2012 8:04pm Apr 22, 2012 8:04pm
Quoting fti
Ok , seems someone open the bag.
I can only tell you in general, because this encrouches on market makers
turf.

Match blocks, are implimented normally when exceptionally large customers are in the market to hedge. and sometimes to defend against manipulators.

Normal mode of market defence against rioting prices, is via CB oopen market operations.
When Cbs are not invoked and markets are suspected to riot. Then sometimes teir 1 market makers group together to absorb the hit.

If you remember, during one of the hand held sessions way back....
How ever... Thank you.

Rgs,

Textor
  • #33,083
  • Edited 9:16pm Apr 22, 2012 8:09pm | Edited 9:16pm
Quoting imjscn
Greetings from southwest highland of China, Chief!
Sorry for replying late, but these couple of days I couldn't access yahoo mail due to strange "Authentication" error. Maybe because I'm in internet bar-- I haven't set up internet connection at home yet. Anyway, it's so nice to see everybody still on FF , greetings to all !

I am not back on trading yet, so, no worry, environment changing is not impacting on trading yet.

But I'm confused, why "Stop skewing"? I'm not sure if I understand your email correctly or not.

My mind and reactions...
hi.
glad you got the mail.
I will keep this post here a while until you can receive it.

Just wanted to caution you to stop or step down skew big way.
The reason is because a wildcard may be played big way in the markets.
According to what a little bird told me, there is some think tanks already working on the events that may unfold.

As you may already have read in the media. Panda will be bring her currency in to the market place.
There are some who are worried , if pnda has the experiece to handle a free band float, as her rmb, had always been on a peg.

So to some thinkers is a wildcard, as panda is a relatively new kid on the block.
There is also concern at the timing of this exercise.
As some may be aware, fed still playing their QE3 card. Even UK, as there had been talks of expanding the 50B qe. notwithstanding the fact that the euro is way over priced.
They may find the opportunity to play that card devalue $ euro or cble and force high side of rmb band play to carve out some competitive edge for their fledging exports. The thinking is that that panda may not take thatwithout some form of reaction. So the underlying fear is wild volatility exceeding 2 standard devs. Also will make big headache for BOJ.

The MO of skewing trades will be grossly disadvantaged in this type of volatility. If volatility become swift and cutting both ways, can easily get assasinated cut by broker.
So i wrote caution you. Although you clever, but this exceptional times. History is being written.I hope you will heed advice. Wind it down big way, or stop skew altogether, if not want name in history books.
Until situation becomes clearer and MO of panda's strategies and skills are clearly demonstrated, best be careful.

regards

PS would be nice if yu can email me the real infation if you experience any.
esp run away type. Galloping infalting purchasing power parity due to excessive strenght of currency on 1.5 bio peeps is no play matter. Esp when the country is predominantly agri based.
  • #33,084
  • Apr 22, 2012 8:58pm Apr 22, 2012 8:58pm
Quoting fti
Ok , seems someone open the bag.
I can only tell you in general, because this encrouches on market makers
turf.

Match blocks, are implemented normally when exceptionally large customers are in the market to hedge. and sometimes to defend against manipulators.

Normal mode of market defense against rioting prices, is via CB open market operations.
When Cbs are not invoked and markets are suspected to riot. Then sometimes teir 1 market makers group together to absorb the hit until some autorities show up to police.

If you remember, during one of...
Thank you. So it is broken up and absorbed within the inter dealer market?

Also, i herd High frequency traders have begun to trade with in the inter dealer market via prime broker. Do you know any thing about this?
  • #33,085
  • Apr 22, 2012 9:03pm Apr 22, 2012 9:03pm
Quoting M-H Trader
Thank you. So it is broken up and absorbed within the inter dealer market?

Also, i herd High frequency traders have begun to trade with in the inter dealer market via prime broker. Do you know any thing about this?
no, sorry , i very retired.
only some toes in the circle.
spot interbank never fears trades. The higher their frequency , the deeper then get buried. no fear. Haven't seen any big balls managerd out scalp spot yet in my so many years.
Prime broker $2 deals mostly la.
Question is will retail liquidity dry up.



regards
  • #33,086
  • Apr 22, 2012 9:15pm Apr 22, 2012 9:15pm
Quoting fti
no, sorry , i very retired.
only some toes in the circle.
spot interbank never fears trades. The higher their frequency , the deeper then get buried. no fear. Haven't seen any big balls managerd out scalp spot yet in my so many years.
Prime broker $2 deals mostly la.
Question is will retail liquidity dry up.


regards
Correct their size very small.

Isn't it already drying up?
  • #33,087
  • Edited Apr 23, 2012 4:42am Apr 22, 2012 9:33pm | Edited Apr 23, 2012 4:42am
Quoting M-H Trader
Correct their size very small.

Isn't it already drying up?
isn't everyone thinking .
wow retail trades few billion a day.
ya, few billion cents.
volume is mostly spot interbank.
and 30% scratched.

oh $2 in spot interbank means 2 mio.


regards
  • #33,088
  • Apr 23, 2012 4:06am Apr 23, 2012 4:06am
My results are good for my country but on global scale, there are just too many hardworking students at top universties. Unfortunately here not many financial institutions and also tough competition, as many students go make masters, and they recruit few candidates. They also told me like in bank department, 3 people will rather do work for 5 ppl, so they get higher salary and dont recruit new personel, what is very sad if you ask me. Even though I will graduate soon, most possible job I can get is, working on bank desk for 800 euros a month, or maybe in insurance company, be agent. I could be now assistant coach, as gathered lots of knowleadge in korea, but coach kicked me out, as I see taekwondo as olympic sport not as martial art, so I really don't know what life will offer me. Just sailing, don't know whats next.
  • #33,089
  • Apr 23, 2012 5:03am Apr 23, 2012 5:03am
Quoting mijamoto
My results are good for my country but on global scale, there are just too many hardworking students at top universties. Unfortunately here not many financial institutions and also tough competition, as many students go make masters, and they recruit few candidates. They also told me like in bank department, 3 people will rather do work for 5 ppl, so they get higher salary and dont recruit new personel, what is very sad if you ask me. Even though I will graduate soon, most possible job I can get is, working on bank desk for 800 euros a month, or...
you feel disadvantaged?
some peeps earns only $100 per annum for a living, but they are happy.
Watch this whole documentary,11 parts and think again.

Inserted Video


regards
  • #33,090
  • Apr 23, 2012 5:36am Apr 23, 2012 5:36am
Quoting fti
you feel disadvantaged?
some peeps earns only $100 per annum for a living, but they are happy.
Watch this whole documentary,11 parts and think again.

http://www.youtube.com/watch?v=wpjGJ3PZuLg

regards
100 USD PER YEAR by work???? :S
Thank you. I will watch it now. No I am just thinking about the whole system, we are living in, like for example average student, studies and takes pressure on exams, to pass them and after let's say 16-18 years of studying, he hards find job he is interested in, even if he get's it he takes long working hours and gets slightly better salary, than someone who just finished primary school and works in some public sector company, with very little work to do on daily basis. That's why I am thinking, should people maybe think in making own business direction, make some company, and create new job positions, helping other people to have work to do. There are so many ways in life to do, but reaching the top of each of them, is basicily similair method. I am now also involved in music, sports, education(Student), forex trading and seeking for arbitrage on sports betting, and I see just see 99% things to succeed are similar or almost same.


P.S Currently I spend maybe 10-20 euros a month on my personal preferences all I get fortunately is food and accommodation from parents, nothing else. I have to give up many things which I would like to do, have, but it's just reflection of me making no money and I live fine with it. Only some friends who want me to spend money are upset on time to time.
  • #33,091
  • Apr 23, 2012 6:47am Apr 23, 2012 6:47am
Quoting mijamoto
100 USD PER YEAR by work???? :S
Thank you. I will watch it now. No I am just thinking about the whole system, we are living in, like for example average student, studies and takes pressure on exams, to pass them and after let's say 16-18 years of studying, he hards find job he is interested in, even if he get's it he takes long working hours and gets slightly better salary, than someone who just finished primary school and works in some public sector company, with very little work to do on daily basis. That's why I am thinking, should people...
I think you are trying to do so many things together and can't become master of none. Better do one thing and be Master at it than doing all and become Jack.

If you look around in your own country you will find people who have gone up very high from scratch some of them with education and some without just follow them even if you can't become like them but the motivation you will get will be enough to get you somewhere reasonable.

You are lucky that you are educated and have parents to provide you shelter and food but some of the role models in your own country hadn't had anything and they became successful, and these examples are not just in your country but in every other country.

Just my 2c.

Regards
  • #33,092
  • Apr 23, 2012 9:44am Apr 23, 2012 9:44am
Quoting mijamoto
100 USD PER YEAR by work???? :S
Thank you. I will watch it now. No I am just thinking about the whole system, we are living in, like for example average student, studies and takes pressure on exams, to pass them and after let's say 16-18 years of studying, he hards find job he is interested in, even if he get's it he takes long working hours and gets slightly better salary, than someone who just finished primary school and works in some public sector company, with very little work to do on daily basis. That's why I am thinking, should people...
This small thingy you complaint.
haven't see peeps build a home with all their life and in 1 sweep all gone.

you will learn.

regards
  • #33,093
  • Apr 23, 2012 10:09am Apr 23, 2012 10:09am
Quoting mijamoto
100 USD PER YEAR by work???? :S
Thank you. I will watch it now. No I am just thinking about the whole system, we are living in, like for example average student, studies and takes pressure on exams, to pass them and after let's say 16-18 years of studying, he hards find job he is interested in, even if he get's it he takes long working hours and gets slightly better salary, than someone who just finished primary school and works in some public sector company, with very little work to do on daily basis. That's why I am thinking, should people...
hi mijamoto

human life such as forex trading

in trading forex,,,, market will teach you a lesson

in real life,,,,,,, the journey of life will teach you a lesson

so ,,,,,go with the flow and don"t rigid n be nimble and be the best you can be

regards
suma
  • #33,094
  • Apr 23, 2012 10:44am Apr 23, 2012 10:44am
Quoting mijamoto
100 USD PER YEAR by work???? :S
Thank you. I will watch it now. No I am just thinking about the whole system, we are living in, like for example average student, studies and takes pressure on exams, to pass them and after let's say 16-18 years of studying, he hards find job he is interested in, even if he get's it he takes long working hours and gets slightly better salary, than someone who just finished primary school and works in some public sector company, with very little work to do on daily basis. That's why I am thinking, should people...
To assume the outcome of the "system" is a mundane task and you don't have a crystal ball, so it's hard to tell. In fact, the academic qualification doesn't really define who you are, but YOU define who you are! hehe Chill man, grab a kit kat and play Grand Theft Auto, why stress so much right? Im sure you will do well
  • #33,095
  • Apr 23, 2012 10:53am Apr 23, 2012 10:53am
wow the 1st video

http://www.zasv.com/thread-243857-1-1.html

so serene and poetic.
ai ya why peeps always like play with swords?
  • #33,096
  • Apr 23, 2012 11:09am Apr 23, 2012 11:09am
Quoting jimborders
To assume the outcome of the "system" is a mundane task and you don't have a crystal ball, so it's hard to tell. In fact, the academic qualification doesn't really define who you are, but YOU define who you are! hehe Chill man, grab a kit kat and play Grand Theft Auto, why stress so much right? Im sure you will do well

have a break, eat a cat?

regards
  • #33,097
  • Apr 23, 2012 11:18am Apr 23, 2012 11:18am
Quoting fti
wow the 1st video

http://www.zasv.com/thread-243857-1-1.html

so serene and poetic.
ai ya why peeps always like play with swords?
because it is human nature

regards
  • #33,098
  • Apr 23, 2012 11:57am Apr 23, 2012 11:57am
Problem is father wants to kick me out of home, too much pressure hehehe Otherwise I am enjoying student life only slight problem is lack of money. But when I will get job and money, I won't have all free time I have now, only if I get rich quick like in movie.
  • #33,099
  • Apr 23, 2012 12:02pm Apr 23, 2012 12:02pm
Quoting fti

have a break, eat a cat?

regards
Where? Cats are served? Let me know when dinner begin! Regards
  • #33,100
  • Apr 23, 2012 3:33pm Apr 23, 2012 3:33pm
got rejected from JPM's summer program 5 minutes ago.. after all this time...This is really disappointing. I guess I'll have to work in wealth management

They have a small desk on the buy side, hopefully I'll get some experience there. I hear the internship competition is similar for other aspiring traders. Good luck.

careful mija, get rich quick mentality is always a scary thought. Relax and enjoy the weather if you've got it This will keep mindset grounded when pressure is up.
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