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  • #21,121
  • Dec 19, 2012 11:33pm Dec 19, 2012 11:33pm
Quoting DaddyBear
While poker is played by a group of people in a room or online at a particular time, the Forex markets are traded by millions people around the globe at any moment. There are opponents in a poker game but in the Forex markets, like alien pointed out, a trader is trading against himself. And more......
The Forex markets are the result of human heard mentality. In a poker game, my understanding is around 7 to 8 players around a table. Due to the relationship of opponents, there cannot be a heard. Due to the human heard mentality, EWP can be applied to the Forex markets with certain precision. In a poker game, EWP cannot be used to analyze each hand played by each player. And more.....
daddybearforex. com
  • #21,122
  • Dec 19, 2012 11:51pm Dec 19, 2012 11:51pm
so many bulls in one room -

I'm thinking aud breaks down
In fact, for my bearish view to remain intact, this month candle should be something akin to inverse hammer
Of course, if selling, it is better to wait for aud to break to and below 1.04

Otherwise, I am now trading eurjpy - selling
  • #21,123
  • Dec 19, 2012 11:59pm Dec 19, 2012 11:59pm
Quoting DaddyBear
While poker is played by a group of people in a room or online at a particular time, the Forex markets are traded by millions people around the globe at any moment. There are opponents in a poker game but in the Forex markets, like alien pointed out, a trader is trading against himself. And more......
Millions of people don't move the markets per se, but a few. These can be grouped into participants, because of the herd mentality you've talked of. There are certain participants looking to make money. There are certain participants that are looking to minimize losses. There are certain participants that run the game itself. There are certain participants who have entirely no affect on price at all. (This is the retail traders. The millions that don't move the markets per se.)

Quote
The Forex markets are the result of human heard mentality. In a poker game, my understanding is around 7 to 8 players around a table. Due to the relationship of opponents, there cannot be a heard. Due to the human heard mentality, EWP can be applied to the Forex markets with certain precision. In a poker game, EWP cannot be used to analyze each hand played by each player. And more.....
Poker is quite the flexible game in that it can be heads-up for even to ten people. However, when you go to a tournament, there can be a heard.
Play the players, not the cards.
  • #21,124
  • Dec 20, 2012 12:08am Dec 20, 2012 12:08am
hellooz and I move the market and the billions of dollars we pour into it.
  • #21,125
  • Dec 20, 2012 12:20am Dec 20, 2012 12:20am
Quoting maximmm
hellooz and I move the market and the billions of dollars we pour into it.
yeap!
if you want us to move the market for you.. we charge commission 50% of your profit.
  • #21,126
  • Dec 20, 2012 12:39am Dec 20, 2012 12:39am
Quoting GnarlyPips
Millions of people don't move the markets per se, but a few. These can be grouped into participants, because of the herd mentality you've talked of. There are certain participants looking to make money. There are certain participants that are looking to minimize losses. There are certain participants that run the game itself. There are certain participants who have entirely no affect on price at all. (This is the retail traders. The millions that don't move the markets per se.)

Poker is quite the flexible game in that it can be heads-up for even...

Another thing to think about is if one was to be Phil Helmuth in the WSOP. This guy is the best player when it comes to the WSOP, so everyone who gets to play with him will be watching all of his moves. Each table he is at is like a broker, but not fully. (There's an analogy for cash games, too, but that's not for now.) The rake he paid is upfront, however, there's cash-game rake which is hand-by-hand, which is like a per-trade spread. The button will always be the broker, because they get all of the information of all the other players and then get to act, as opposed to acting first then gathering up information which would be like UTG. Sometimes, the button (broker) may try to get Phil to fold by raising him in the other direction. (Auction theory, as well.) Sometimes, Phil sees this and doesn't afraid, keeps steady, and profits like a boss. (Think fiscal cliff.)

However, since the forex are constant, the markets are also like a cash game. Sometimes, you're playing at a home game, wondering if there's collusion going on, or if the dealer, who also plays at times on break, who also hosts the game, is doing sleight of hand with the cards. When you're at a game room, you know the rake is bad and shouldn't be surprised to see collusion.
Play the players, not the cards.
  • #21,127
  • Dec 20, 2012 12:59am Dec 20, 2012 12:59am
Quoting GnarlyPips
Another thing to think about is if one was to be Phil Helmuth in the WSOP. This guy is the best player when it comes to the WSOP, so everyone who gets to play with him will be watching all of his moves. Each table he is at is like a broker, but not fully. (There's an analogy for cash games, too, but that's not for now.) The rake he paid is upfront, however, there's cash-game rake which is hand-by-hand, which is like a per-trade spread. The button will always be the broker, because they get all of the information of all the other players and then...
U play poker gp?
  • #21,128
  • Dec 20, 2012 1:04am Dec 20, 2012 1:04am
Quoting GnarlyPips
Explain to me how trading and poker aren't the same, and maybe I'll give that thought some credit. Until then, I would advise you to look at the plethora of fund managers who play poker profoessionaly/use poker to employ/understand the similarities between poker and trading.
Fund managers also tend to enjoy games like backgammon and chess.
  • #21,129
  • Dec 20, 2012 1:10am Dec 20, 2012 1:10am
Quoting 2+2=4ex
Fund managers also tend to enjoy games like backgammon and chess.
Not monopoly?
  • #21,130
  • Dec 20, 2012 1:17am Dec 20, 2012 1:17am
Alpari Fake move of Almost one hundred Pips To confirm please Forex factory GBP/CAD in Market hour chart do you consider it a fraud
P.S : Also confirm it on other broker terminal and Live charts sites
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  • #21,131
  • Dec 20, 2012 2:05am Dec 20, 2012 2:05am
Quoting Antiromantic
Alpari Fake move of Almost one hundred Pips To confirm please Forex factory GBP/CAD in Market hour chart do you consider it a fraud
P.S : Also confirm it on other broker terminal and Live charts sites
I don't see any such move on Oanda platform. Maybe it's spread related. Which wouldn't make sense either actually. Contact your broker and ask.

EDIT: The yellow line is 1.5953.
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  • #21,132
  • Dec 20, 2012 2:20am Dec 20, 2012 2:20am
Quoting 2+2=4ex
I don't see any such move on Oanda platform. Maybe it's spread related. Which wouldn't make sense either actually. Contact your broker and ask.

EDIT: The yellow line is 1.5953.

this fake movement in not on any platform , to confirm this is fault/fraud forexfactory market is very useful .

I talk to the broker representative still waiting for their official response but support person was saying they also noted that .... that move really shake my Micro account And I was really furious at that time ...
but still if its an error how will they compensate ???
  • #21,133
  • Dec 20, 2012 2:24am Dec 20, 2012 2:24am
Quoting Antiromantic
this fake movement in not on any platform , to confirm this is fault/fraud forexfactory market is very useful .

I talk to the broker representative still waiting for their official response but support person was saying they also noted that .... that move really shake my Micro account And I was really furious at that time ...
but still if its an error how will they compensate ???
they will return your balance I had the same problem once (in another broker), talked to the support and they returned the balance to what it was before the move occured.
  • #21,134
  • Dec 20, 2012 2:26am Dec 20, 2012 2:26am
Quoting Antiromantic
this fake movement in not on any platform , to confirm this is fault/fraud forexfactory market is very useful .

I talk to the broker representative still waiting for their official response but support person was saying they also noted that .... that move really shake my Micro account And I was really furious at that time ...
but still if its an error how will they compensate ???
If it is an error on their part (the broker), then they have to compensate you fully for any loss that was a result of the error.
  • #21,135
  • Dec 20, 2012 2:38am Dec 20, 2012 2:38am
Quoting 2+2=4ex
If it is an error on their part (the broker), then they have to compensate you fully for any loss that was a result of the error.
Yep they have to ... actually this movement hit my Stop Loss on most of my Buy Trade and right now all open position are sell (I am using Hedging + swing trading ) .

Dont know how they will calculate the loss its Forced leave for Me

Many thanks for your time and confirmation it really give me confidence that I am right about the matter


Best wishes for Lot Pips
  • #21,136
  • Dec 20, 2012 2:40am Dec 20, 2012 2:40am
Technicals always catch up with fundamentals. And fundamentally, the Aus economy is going down after Christmas. Check out http://www.melbourneinstitute.com/downloads/media_release/2012/EA/PressReleaseLI20121219.pdf
  • #21,137
  • Dec 20, 2012 2:40am Dec 20, 2012 2:40am
Quoting Antiromantic
Yep they have to ... actually this movement hit my Stop Loss on most of my Buy Trade and right now all open position are sell (I am using Hedging + swing trading ) .

Dont know how they will calculate the loss its Forced leave for Me

Many thanks for your time and confirmation it really give me confidence that I am right about the matter


Best wishes for Lot Pips
Hope everything gets resolved for you. Best wishes also.
  • #21,138
  • Dec 20, 2012 2:43am Dec 20, 2012 2:43am
Quoting surfer1
Technicals always catch up with fundamentals. And fundamentally, the Aus economy is going down after Christmas. Check out http://www.melbourneinstitute.com/downloads/media_release/2012/EA/PressReleaseLI20121219.pdf
AUD more-or-less follows gold. And gold is showing weakness right now: http://www.investing.com/analysis/long-term-view-of-gold-148347
  • #21,139
  • Dec 20, 2012 4:23am Dec 20, 2012 4:23am
Quoting forexalien
Hey Boss Man.........What Are your thoughts of this AUD Daily Chart?
your daily and mine are not the same...
apparently not only H4 is different between brokers..
http://www.forexfactory.com/attachme...9&d=1355977040
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  • #21,140
  • Dec 20, 2012 4:44am Dec 20, 2012 4:44am
M15
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