Technical Analysis Fallacy

sambuca?
everything is ok, glad to see you writing that's all.
downshifting..still need to buy a pair floor-shines.. just been saving...

http://www.bloomberg.com/news/2012-1...oom-ahead.html
Rgds

: rofl:
ai ya wonder whats happened to mine.
Haven't polished it for ages.
been dragging my bally sneakers around.
but my dogs are happy.
They like drill hole in them for me get ventilated toes.

the cows, tehy pay with their lifes for us have conffy feets.
so keep them floorshine when you get them.
"walk amile in my shoes?"

regards

Impulse or leg?
Rgds

cool toes?
frost bite yet: rofl:

Wow , seems the big boys did well capitalise all this fiasco.
My prop was bought all at the highs.
The moneys all still in jail: rofl:
Probably can recover when your horses all introduce their next generations.
if heli keeps rates here, maybe damage not so glaring.: )


regards

sambuca makes everything warm


rgds sir
thank you

wow, i see you keeping well, i sold my horse already.
no way i can manage that stallion any more.

But the craving, is pains all over.
but manage get a couple $$$ profits out of it.

ya knows what naughty if get wild hor.
so stay cool and cruise just let em babes fell high is ok already.
no more padel plays and heel toes again please.


regards sir.

Fiasco is politics
Politics is a different business from what I was taught, I don't get involved.

thank you for all the help!

regards

ok done.
thanks to the nice young things.
it seems is not clever use those multi terra byte disk.
seems those read write heads squeezy for space.
and if hacked, easily disarm the systems.

maybe when the tech bocomes more robust.
but we not there yet.

regards

now is music time.
tomatoe juices please, err, no chaser, my engine not to form.

regards

testing.

hello tha khe
i hope ni hao hao
regards

trying, xiao khe, trying.

apologies
i think it's better I pull my questions
thanks

regards
suma

You should really go for the solid state disks fti. No moving parts and your system should boot in 5 seconds.

ai ya have questions , just ask.
amongst friend there is lots understanding.
no get petty.
Otherwise how to learn, leh, xiao khe?


regards

Happy weekend all. This one reminds me of the market where traders are spooked out of their positions.

yo, Zoran.
ya i did checked out the ssds.
they like fly traps.
true the not crash because no rotating disk.
But their hard working life span's short.
so they no assets either. Only advantage is speed.
That i already top notched cutting edge.

one day, my friend, one day.
whatever happened to bubble technology, still waiting, and now my life span is running low.
been waiting for it , since my teens.
IBM R&D moves slow like snails.

regards

xie xie,,, tha khe
I do not want you to expend a lot of energy in the healing of the sick
hi hi,,,

regards
suma

arrrrrrrrrrrrrrrrrrrrrrrrrrrh!!!!!!!!!!!

ok now my circulation just got better.
:rofl : even net access is speeding up.
Must have scared the living daylights out of the hackers.: rofl:

refards

oh reminds me, at the bank.
My office is high floors.
at the bank building.
Had to change guards often.
They keep insisting that they always sees a long hair lady walking around at corridors at night.
Was asked about that by the board. Just told them had special coffee pantry help sometimes.
Ai ya ghost not scary.
If they had powers beyond us.
They would be walk around like us.
Is because they weaker , thats why they not able be visible like we are.
arrrrrrrrrrrrrrrrrrrrrrrrrrrr!!!!!
don't know , could be lilitth checking the dealers out.
maybe is just dealers nice gfs sending chicken soup to their hardworking bfs, in graveyard shifts.
I do walk around there, esp figs nights, she never showed herself to me.

ya, and at some golf courses always missing balls.
but we found out some monkeys were at their mischieves.
Heard some stories about ghost like steal golf balls on some courses.

There is a course 1 lady was killed by lightning, on rainy day.
Few dares plays that hole in small groups.
But is no problems for me.
If ghost screams at me, I'll probably slap her silly.
'quiet , while i pitching the ball, need focus.'

and never afraid of things that jumps out from the dark.
trained from young, in jungles.
normally that how gets some fruitbats for soup.

scariest for me was madam white snake at the caves.
but we found out later that she had a nest of youngs, so was protecting territories.

[quote=fti;6251932] thank u very much for the kind reply
no Dr
I think you mistaken.
you not understand because you not understand the difference of what is known as derivative markets.
Most retail trading believes that they are trading Forex, the underlying instrument.
In fact all are only trading the derivative market of the foreign exchange markets.
i never have any problem with this if the price moving closely with underlying

The structure of derivative markets is by design, unable to affect the underlying.
So even if you traded a trillion dollars, will not move the market 1 pip.
You see the real markets is in interbank spot forex,
When you trade the derivative, the trade does not go to the interbank markets.
The derivative markets will never impact the interbank spot because
1. The interbank markets is like any real market where by demand and supply moves it.
2. Your ticket sizes are not markettable in interbank.

Many traders think that they retails can move the market.
This is not true.i agree with u
Chasing prices is not good MO, because unless its moving in the interbank, even if collectively the retail players buy 1 trillion dollars.
it will not move the interbank. Only thing that will happen is those who market made you prices will be betting 1 trillion against you.
And they only have risk, if the interbank prices moves against them. Otherwise is just the market place have a 1 trillion bet that the prices will move their way.

For example.
If anything if there were large bets chasing markets down. Then is most likely that the players will try push interbank up as much as they can to trigger the stops so that the betting risk against them gets defused.

In the spot interbank markets, price moves are real.
This is because the banks and financial instittions trading, they have to deliver the said goods,
in this case the currencies, valued 2 days from the transaction date.
So if you bought euros against dollars.
You would be required to instruct your bank , deliever the usd ammount to your counterparty.
and you would have to have facilities in your bank receive the Euros that you bought.
all this is to do delivered wiithin 2 working days.i understand this,the amount of comission bank charge for transferring money country to other is the real spread[i understand its depend how much ur transfering,bigger the amount smaller the commision.

So for deravative markets, no such thing takes place.
You cannot buy euros, and expect to take delivery of anything.
Because by contract, you only can get paid in the base denomination that you had deposited.
and if you have positions, you cannot even withdrwal your deposits.

You see the buckets, they not make money from trading.
they make money from the interest from customer deposits,with a few % points haircut added to both buyers and sellers.
and they get interest for the deposits from the banks where they place the funds.

So if 50% of the readers were buyers andd 50% of traders were sellers.
effectively they have no exposure risk.
and takes deposits from both for margins which they deposit in banksove.
how do they offset the risk,if market moves against them,becos interbank prices will moves independent of these bucket shops.

So for effective trading, one need know the fundementals and book sentiment at the underlying markets to be effective.

The prices of derivative will always be near where the underlying insruments are trading. But with a basis.
Basis is the differential of the price between the underlying instrument and the derivative instrument.
In commodities, they take the form of cost of storage, transportation and perishable maintainance cost.
In currenciesis basically interest rates.

The more arbitrageing that goes on between the interbank spot prices, the smaller will be the basis.
But unless sizes about 10 million usd, theres not any one i know who wants arbitrage the markets.
Is not cost effective to do so.

regards

This the reason why one need understand the structure of markets, and their characteristics to tailor effective tradinng straegies.once more thanks for the explanation very helpful.last night i felt a bit low thinking about how retail playing the game 10 pips against them,felt those are impossible odds to overcome and felt playing a very unfair game.thank u fti for ur patience regards