Enjoy friends. This is time lapse photography.
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Technical Analysis Fallacy
- #33,542
- May 14, 2012 7:17pm May 14, 2012 7:17pm
you peeps not even know how much the firewall worth and you want trade? ai ya. not know enemy, worst not even know self.
how you peeps expect win? BY LUCK?
ya firewall has 700 BILLION to starve off contagion of credit liquidity.
Regards
N
- #33,545
- May 14, 2012 9:07pm May 14, 2012 9:07pm
Dear TAF friends,
Some casual observations after 2 weeks in Hong Kong:
By my Dim Sum index there is double digit inflation in Hong Kong . Food prices rise with the Chinese dollar as most food come from China and CNY has risen from parity 5-6 years ago to 1 CNY now over 1.2 HKD (HKD is pegged to USD).
To ease the pain HK government has been giving away money to the tune of 6000 HKD per adult, now raised to 6200 per adult. The government also subsidizes house owners rates up to 2500 HKD per quarter in the next 4 quarters, it also subsidizes a base amount of electricity bill and public transport remain reasonable.
I have observed the HSBC FX demo for a week , it is the Oanda platform with minor tweaks. Spread for E/U is around 1.8 pip as advertised, it is floating, not fixed, spread but it does not seem to stretch as much as Oanda (HSBC 5 pip when Oanda was 10). The HSBC platform logs off automatically after an idle period or after 2-3 hours and you have to log on again, it behaves more like online banking than brokerage trading in this respect. The trade table, flexible trade unit and FIFO are just as Oanda. As far as I know apart from nationals excluded due to tax laws (US citizens or green card holders, Koreans, etc) anyone 18-64 years old can open an account, i.e., it is not restricted to HK locals.
Hm, 700 billion fire wall, violent price snapbacks part of the terrain
Regards,
Baifu
Some casual observations after 2 weeks in Hong Kong:
By my Dim Sum index there is double digit inflation in Hong Kong . Food prices rise with the Chinese dollar as most food come from China and CNY has risen from parity 5-6 years ago to 1 CNY now over 1.2 HKD (HKD is pegged to USD).
To ease the pain HK government has been giving away money to the tune of 6000 HKD per adult, now raised to 6200 per adult. The government also subsidizes house owners rates up to 2500 HKD per quarter in the next 4 quarters, it also subsidizes a base amount of electricity bill and public transport remain reasonable.
I have observed the HSBC FX demo for a week , it is the Oanda platform with minor tweaks. Spread for E/U is around 1.8 pip as advertised, it is floating, not fixed, spread but it does not seem to stretch as much as Oanda (HSBC 5 pip when Oanda was 10). The HSBC platform logs off automatically after an idle period or after 2-3 hours and you have to log on again, it behaves more like online banking than brokerage trading in this respect. The trade table, flexible trade unit and FIFO are just as Oanda. As far as I know apart from nationals excluded due to tax laws (US citizens or green card holders, Koreans, etc) anyone 18-64 years old can open an account, i.e., it is not restricted to HK locals.
Hm, 700 billion fire wall, violent price snapbacks part of the terrain
Regards,
Baifu
- #33,546
- May 14, 2012 9:36pm May 14, 2012 9:36pm
Hi Baifu,
Great to hear from you again. Nice sharing
Regards
N
Great to hear from you again. Nice sharing
Regards
N
Dear TAF friends,
Some casual observations after 2 weeks in Hong Kong:
By my Dim Sum index there is double digit inflation in Hong Kong . Food prices rise with the Chinese dollar as most food come from China and CNY has risen from parity 5-6 years ago to 1 CNY now over 1.2 HKD (HKD is pegged to USD).
[size=3][font=Calibri]To ease the pain HK government has been giving away money to the tune of 6000 HKD per adult, now raised to 6200 per...
- #33,548
- Edited 5:34am May 15, 2012 5:12am | Edited 5:34am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Dear TAF friends,
Some casual observations after 2 weeks in Hong Kong:
By my Dim Sum index there is double digit inflation in Hong Kong . Food prices rise with the Chinese dollar as most food come from China and CNY has risen from parity 5-6 years ago to 1 CNY now over 1.2 HKD (HKD is pegged to USD).
[size=3][font=Calibri]To ease the pain HK government has been giving away money to the tune of 6000 HKD per adult, now raised to 6200...
baifu.thanks for the ground feel.
seems of the 3 componenets of life.
food, shelter and clothing.
HK subsidises 2 already.
This very hostile place for non HK.
So in fact inflation has spiraled out of control in china.
HK seems not a nice place for expats or non citizens to live.
Invisible hands subsidising their pets only leads to hiding the real cost of living. Is a test tube environment.
My info seems concur with your findings, hyper inflating. So i best prepare for china have hard landing forward. Thanks for the read.
regards
PS: I checked some sources after being asked here about block trades.
Yes, is true, a little bird told me. It is happening OTC now even for retail customers.
So my 1st thought was about the reality of the prices on the retail charts. With non transparency of trading, prices are distorted and non reflective of real market.
From observation of its recent behaviours, I tend not to trust the retail charts any more. GIGO
If retail charts only can indicate what the brokers are doing to the anchovies, then what is the real markets doing? where is the liquidity?
- #33,550
- Edited 6:17am May 15, 2012 5:39am | Edited 6:17am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
a case of sour grapes? Sure why not. Disregarding warning about rot only leeds one to a filthy place. He best go wash his mouth. If he's head, then i cannot imagine what he leads.A professional calling other professionals fools, so what does that make him?
Rating agencies, rates paper quality. Its for investors to believe them or not.
Is not for them that is rated to say if its accurate or not.
Is the investors decisions.
Some peeps really believes they are gods?
yeah,and i am the tooth fairy.
regards
by the way they downgraded how many banks?
now the banks can downgrade their wall street?
i like watch this war.
germany not like the ratings.
Italy not like the ratings.
.............. not like the ratings.
Is high time for competition, so that investors ca take the average of all the ratings.
Look, unemployment is high, every job created counts.
Everybody is a professional.
Yeah , ok, doctors, accountants, lawyers........... But who's planting the food? ai ya go plant your own food.
- #33,551
- May 15, 2012 6:57am May 15, 2012 6:57am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
A professional calling other professionals fools, so what does that make him?
Rating agencies, rates paper quality. Its for investors to believe them or not.
Is not for them that is rated to say if its accurate or not.
Is the investors decisions.
Some peeps zreally believes they are gods?
yeah,and i am the tooth fairy.
regards
by the way they downgraded...
- #33,552
- May 15, 2012 7:25am May 15, 2012 7:25am
A professional calling other professionals fools, so what does that make him?
Rating agencies, rates paper quality. Its for investors to believe them or not.
Is not for them that is rated to say if its accurate or not.
Is the investors decisions.
Some peeps really believes they are gods?
yeah,and i am the tooth fairy.
regards
by the way they downgraded...
- #33,554
- May 15, 2012 9:47am May 15, 2012 9:47am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
A professional calling other professionals fools, so what does that make him?
Rating agencies, rates paper quality. Its for investors to believe them or not.
Is not for them that is rated to say if its accurate or not.
Is the investors decisions.
Some peeps really believes they are gods?
yeah,and i am the tooth fairy.
regards
by the way they downgraded...
- #33,556
- May 16, 2012 3:12am May 16, 2012 3:12am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
I was the one that asked you about that.
Lots of brokers state they have multiple bank liquidity, yet wont release names or really no why to prove it. Like you always said shady business.
yeswhat i heard is that they big boys do their normal evils.
They only come to retail distribute their books for profits.
So retail gets suckered.
if you right side market making computers brokers, they not move the markets. they just arbitrage off to spot.
Seems there is no retail markets.
If you wrong side they keep shading and pressure for your stops.
Suckers gaming.
manual brokers just give your trades to spot guns for a couple pips fees.
Your price basis is from 7 pips to 30 pips "basis" from markets depending on markets volitility.
regards
- #33,558
- Edited 8:31am May 16, 2012 7:32am | Edited 8:31am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
"Hollande saw Merkel less than 12 hours after being sworn in as president and an arrival that was delayed by a lighting strike on his plane from Paris."
"Hollande’s arrival in Berlin came at the second attempt after his plane was struck by lightning, forcing him to turn back and board a second aircraft."
wow. lightling strike survivor, and 1st day in office.
the man talks good.
dares stand his ground.
also humble to his duty.
maybe there is hope.
well'll see. but also hopes he no standing against free and transparent markets.
the last time , some one singing change , change, change.
i was so delighted. But .......................
Language Babel can be so disappointing, when misunderstands.
i say patato , he says tomarto.
You know, sometimes is so sad.
i recalled when Mr Wen the new kids on the block to free markets.
He went , hand waving and check book waving, when euro 's problems started.
and what kind of warm was given him.
They are new to free markets, looking to explore transparent free market systems.
And what was he shown?
Manipulated markets?
Gosh, they already have that. What can they learn from us?
I hope I will have japenese girlfriend one day so I can revenge