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Technical Analysis Fallacy

  • #42,381
  • Aug 26, 2013 10:08am Aug 26, 2013 10:08am
Quoting fti
{quote} why so pessimistic? is only a phase. Panda is major bond creditor, she the one first receives bill. There's no shit la. everyone's still importing exporting, just hard determine equibrium value , thats all. if she not find nice suitors , will still marry the scumbag la. You know , even in a killer recession, corp will still do jobs that lose money, just stay alive. Is better than begging. They already owing for the machinery, they can't just stop and let it rust. regards but for the scumbag thats manipulating a free floated market,...
Perhaps, uncle sam can trying to seduce the Panda to sign another Plaza Agreement in order to achieve an equilibrium state ...
soorry ... sound conspiracy ...
if deep recession, i think the society wil b in riot. corp wont so productive anymore ... i reallly hope i wont encounter one in my life

in free market, manipulater need a lot $$$ to do the manipulation ... so they have the right to do it. But they bear the consequence. Am i right?



R.I.P. ~
http://learnmoney.org/files/slidesho...el_siebert.jpg
Muriel Siebert, who became a legend on Wall Street as the first woman to buy a seat on the New York Stock Exchange and the first woman to head one of the exchange’s member firms, died on Saturday in Manhattan. She was 80.
  • #42,382
  • Aug 26, 2013 10:37am Aug 26, 2013 10:37am
Quoting fti
{quote} is interesting. even he not knows for sure. He dealing with that which "bigger" than he is. things unseen, of different frequencies. he not ask believe anything , he just ask to think. Sorry i cannot comment on what he says, this 1st time i hearing this. let it set and i mediate on it. if i get thoughts i will be sounding board. but i find is very interesting concepts he talking about. Some of which i understand. Some of which is even in my MO. surprise surprise. regards
i understood to some extend the ideas he is presenting and i believe human may get an access to extraordinary "information" through adjusting himself to different frequency. under a specific brain condition people are able to do things which can not be done under normal conditions. i would be definitely interested in your opinion on this and the link to your MO
As Above, So Below
  • #42,383
  • Edited 11:33am Aug 26, 2013 11:03am | Edited 11:33am
Quoting Zeigt2013
{quote} Perhaps, uncle sam can trying to seduce the Panda to sign another Plaza Agreement in order to achieve an equilibrium state ... soorry ... sound conspiracy ... if deep recession, i think the society wil b in riot. corp wont so productive anymore ... i reallly hope i wont encounter one in my life in free market, manipulater need a lot $$$ to do the manipulation ... so they have the right to do it. But they bear the consequence. Am i right? R.I.P. ~ {image} Muriel Siebert, who became a legend on Wall Street as the first woman...
Or alternatively, forgive the debt and system resets.
And all goes back to us spends and every one's economies grows.

no, manipulation by buying or selling in markets is not same as manipulating by making markets.
manipulating by shifting dd/ss of anything by participation, used to be CBs do open market ops to this end.
Now this no longer is the case. Covert planning and lip services and or private funds so called stabalisation strategies or artifical pegs is not of same class actions. Open market ops is direct participation in free market place to police over speculation of the reality. All the stealth actions i perceive from market action these days suggest indirect manipulation.

regards
  • #42,384
  • Edited 11:22am Aug 26, 2013 11:09am | Edited 11:22am
Quoting tashkent
{quote} i understood to some extend the ideas he is presenting and i believe human may get an access to extraordinary "information" through adjusting himself to different frequency. under a specific brain condition people are able to do things which can not be done under normal conditions. i would be definitely interested in your opinion on this and the link to your MO
i really not like comment about things i have no handson experience in. sorry.
if i ever saw a ufo, besure, i would tell you.

Oh that which he presented that haave similar basics to My MO,
you need read the thread find out.
Is actually in the thread title and explained in detail on thread.

i did peruse your thread. not bad. very scientific.
but just to mention, trading isn't about mathematical probabilities. Is more inclined to skillsets & mindsets, which you did touch on , in your thread as well.
The maths just makes it look intelligent, but not really will ever impact your trades in the book(performance) sense. Arithmetic would have stronger influence if i may say.

regards
  • #42,385
  • Aug 26, 2013 2:21pm Aug 26, 2013 2:21pm
Quoting fti
Is different , i guess. You like to be taught. I mostly like learn. ................... Do you know how many times satan manage trick eve? oh just read the book of Adam & Eve.
To be honest, it was a real pain for me to have to sift through thousands of pages to get the material that I needed, not to mention all of the personal information that I felt, truly, was too much information, and rather than pondering what I should feel about what I read.. I would have just rather not known about those things.

Curiosity killed the cat I suppose.

Don't worry, I won't judge and/or make assumptions... "judge not lest ye be judged"

But seriously, for some reason I thought that if you were going to try and raise one more group of traders, that I would be a perfect candidate.

I mean... Here you are offering the Holy Grail ...
Quoting fti
Apologies -no mentor, or course, or literiture can give anyone the holy grail to the secrets of success in trading in the markets. Nevertheless, I will humbly attempt.
So I was just being honest about my intentions.

If you want to talk to me about religion... One time I talked religion to a Pastor and he punched me in the face.
  • #42,386
  • Aug 26, 2013 6:44pm Aug 26, 2013 6:44pm
Quoting fti
{quote} i really not like comment about things i have no handson experience in. sorry. if i ever saw a ufo, besure, i would tell you. Oh that which he presented that haave similar basics to My MO, you need read the thread find out. Is actually in the thread title and explained in detail on thread. i did peruse your thread. not bad. very scientific. but just to mention, trading isn't about mathematical probabilities. Is more inclined to skillsets & mindsets, which you did touch on , in your thread as well. The maths just makes it look intelligent,...
if you have anything to share i would be only thankful.
I would need to find the those posts on MO. Michael has done great job posting the links, i need to go through them once get some time. time is my problem.
you said the truth. trading is not science, it is an art.
given the same ingredients and conditions, master chef can cook something magically delicious but others may cook something that can't be eaten.
what makes the chef great is his skill and experience. his delicate feeling or sensing of the unseen differences between the tastes of the ingredients, clear imagination of the taste of the mixtures in the pan.
when, how and how much? there is no specific answer to those questions but mastery lies within.
As Above, So Below
  • #42,387
  • Aug 26, 2013 7:36pm Aug 26, 2013 7:36pm
Quoting tashkent
{quote} if you have anything to share i would be only thankful. I would need to find the those posts on MO. Michael has done great job posting the links, i need to go through them once get some time. time is my problem. you said the truth. trading is not science, it is an art. given the same ingredients and conditions, master chef can cook something magically delicious but others may cook something that can't be eaten. what makes the chef great is his skill and experience. his delicate feeling or sensing of the unseen differences between the tastes...

i guess if i can tell my experience...when student is ready teacher appears...

V
  • #42,388
  • Edited 8:17pm Aug 26, 2013 7:41pm | Edited 8:17pm
Inserted Video


天上呀為什麼有月亮啊
Why is there a moon in the sky.
有呀有月亮
yes a moon in the sky.
月亮呀為著要照四方呀
Why does the moon shine to all 4 corners.
照四方
To all four corners.
月亮呀一照難躲藏呀
Once the moon shines, is difficult to hide it.
難呀難躲藏
very difficult, diffcult to hide it.
樹蔭底下也可以常來往
makes even possible have activities under tree shades
樹蔭底下呀也可以常來往
makes even possible have activities under tree shades

too tired, later.
  • #42,389
  • Aug 27, 2013 12:18am Aug 27, 2013 12:18am
hi there,
would someone be kind enough to direct me to the post where fti discussed about trailing stops ?
many thanks...
  • #42,390
  • Aug 27, 2013 12:22am Aug 27, 2013 12:22am
Quoting fti
{quote} there's nothing to teach. only learning. they learn i learn. we at different points on the learning curve. maybe some peeps thinks i am teaching. but really i just showing my mind. if peeps learn somethings from it and helps along their learning curve, then i am glad otherwise we just discussing how to trade, proper way. all my life i never trade bias, trade only for profits. but when bias inline with book then is a killings. if bias out of line, book still will win. regards
"all my life i never trade bias, trade only for profits. but when bias inline with book then is a killings. if bias out of line, book still will win"
- you gotta love the man for saying this !

Thanks again for you amazing imput.
Perhaps with luck , i can repay.
Or if you prefer, pay it forward when i stable enough to hold the candle.

Many Thanks.
  • #42,391
  • Edited 1:26am Aug 27, 2013 1:13am | Edited 1:26am
Quoting appleboy
{quote} "all my life i never trade bias, trade only for profits. but when bias inline with book then is a killings. if bias out of line, book still will win" - you gotta love the man for saying this ! Thanks again for you amazing imput. Perhaps with luck , i can repay. Or if you prefer, pay it forward when i stable enough to hold the candle. Many Thanks.

nice sleep.

oh apple, thanks for such kind words.
in fact i made mistake, should not had used the word never, because sometime i also get hard in the arteries, gets a bias.
but is the realising i bias that helps me quickly realign to reality.

Oh and no need repay, nothing was expected except honour and friendship.

regards
  • #42,392
  • Edited 1:39am Aug 27, 2013 1:15am | Edited 1:39am
wow, vic, you highlighted the rupee.
I took a deep look. Is very scary. plunged 40% already, but no one seems know why.
Is a currency in crisis.

they cited fed policy impact, but i cannot see the logics behind that excuse.
keep watching, they gonna need heros on front lines soon.

regards

wow was cheaper to sleep.
2 bad usd figs and no impact. So something is in undercurrent and all risk off.
if cable cannot go higher anymore then somethings got to give.
Now watching to see what signs other than the rupee.

So if fed stops the QE, then whats the impact?
wouldn't we like to know.
Making oct seems like halloween, doesn't it?
sept we all get dressed up, Oct we go out scare the daylights out of the peeps.
if they not comatosed already by then.
I just watching, could be wall street bubble and feds got the pin.
i best take a look where the equity puts priced.
  • #42,393
  • Aug 27, 2013 1:26am Aug 27, 2013 1:26am
Hi there,
Can someone direct me to post/s in which fti discussed about liquid and illiquid markets ?
Many thanks !
  • #42,394
  • Aug 27, 2013 1:56am Aug 27, 2013 1:56am
i don't like the terrain feel.
why am i getting very nervous? everywhere's twitching.
  • #42,395
  • Aug 27, 2013 2:50am Aug 27, 2013 2:50am
Quoting fti
wow, vic, you highlighted the rupee. I took a deep look. Is very scary. plunged 40% already, but no one seems know why. Is a currency in crisis. they cited fed policy impact, but i cannot see the logics behind that excuse. keep watching, they gonna need heros on front lines soon. regards wow was cheaper to sleep. 2 bad usd figs and no impact. So something is in undercurrent and all risk off. if cable cannot go higher anymore then somethings got to give. Now watching to see what signs other than the rupee. So if fed stops the QE, then whats the impact?...
Happy trading day everyone! Been up all night and am taking a break. I think the current PA is a result of war drums. Looks like Syria is next on the agenda to receive a beating for using chemical weapons on its people. Killing begets more killing...what a world. And, it looks like the rupee is winning the race to the bottom, or at least is leading the race now. Is that cause to celebrate? The world is getting very weird.
  • #42,396
  • Aug 27, 2013 3:37am Aug 27, 2013 3:37am
Quoting GEfx
{quote} Happy trading day everyone! Been up all night and am taking a break. I think the current PA is a result of war drums. Looks like Syria is next on the agenda to receive a beating for using chemical weapons on its people. Killing begets more killing...what a world. And, it looks like the rupee is winning the race to the bottom, or at least is leading the race now. Is that cause to celebrate? The world is getting very weird.
nothing weird la .
Trading always been like this.
Maybe we just used to being weird.

At least some peeps cares when dangerous weapons are being abused.
Thats a plus.

regards
  • #42,397
  • Aug 27, 2013 3:43am Aug 27, 2013 3:43am
Dear FTI,
May i ask
1) What is the difference between a broker and a dealer ?
2) From my readings of this thread, seems like the market makers are the biggest manipulators. Am i right ?
I am sure there are always bigger fish, so manipulation can come in from all levels am i right ?
Many Thanks and Best Regards.
  • #42,398
  • Edited 6:58am Aug 27, 2013 5:42am | Edited 6:58am
Quoting appleboy
Dear FTI, May i ask 1) What is the difference between a broker and a dealer ? 2) From my readings of this thread, seems like the market makers are the biggest manipulators. Am i right ? I am sure there are always bigger fish, so manipulation can come in from all levels am i right ? Many Thanks and Best Regards.
1. a dealer trades for himself, the bank or hedge what his customers traded to him, he has P&L which is his book. Normally works in bank or financial institution. there 2 types, those who just trades only and those that market makes, they are distinguished by being called market makers.

a broker is one who takes instructions from his customers and fills(executes) it in the market, he has no P&L book, earns only brokerage. Works in brokerage firm.

2. dealers seldom manipulate markets, they either make the market for customers, or other banks trade with him.
dealers normally will shade markets where he is traded , so as to try make money from the positions he 's taken or given by customers.
thats not manipulation, that just trying squaring out his positions with a profit. but sometimes some they behave like bastards.
hAVE SOME DEALERS JUST DEAL FOR A LIVING, sOME BASTARD EGOS THEY LIKE SWING MARKETS TRY TRIGGER CUSTOMER STOPS. mostly dealers like steady markets. The Egos , they like make bump quotes fly prices, and normally are small frys.

when i dealing tier 1, sometimes i see them flying prices, i check see which bank, call them direct to deal, normally they quote back, because he knows if he quotes where he flew prices i may hammer him sizes until his nose bleeds.

In retail most of the brokers i think trade against their customes positions because they fill by taking positions as counterparty.
This has been a problem for me , because is a conflict of interest. But because retails are so small, is hard fillorders if broker not trade against the customer, because no dealers will take the trades. Minimum ticket for interbank dealing is 2 million usd. if friendly dealers will deal 1 million if is friendly.

regards
  • #42,399
  • Aug 27, 2013 8:00am Aug 27, 2013 8:00am
Quoting fti
{quote} 1. a dealer trades for himself, the bank or hedge what his customers traded to him, he has P&L which is his book. Normally works in bank or financial institution. there 2 types, those who just trades only and those that market makes, they are distinguished by being called market makers. a broker is one who takes instructions from his customers and fills(executes) it in the market, he has no P&L book, earns only brokerage. Works in brokerage firm. 2. dealers seldom manipulate markets, they either make the market for customers, or other banks...
Thank you for the explanation , fti.
humbly yours.
  • #42,400
  • Aug 27, 2013 8:05am Aug 27, 2013 8:05am
Quoting fti
wow, vic, you highlighted the rupee. I took a deep look. Is very scary. plunged 40% already, but no one seems know why. Is a currency in crisis. they cited fed policy impact, but i cannot see the logics behind that excuse. keep watching, they gonna need heros on front lines soon. regards wow was cheaper to sleep. 2 bad usd figs and no impact. So something is in undercurrent and all risk off. if cable cannot go higher anymore then somethings got to give. Now watching to see what signs other than the rupee. So if fed stops the QE, then whats the impact?...

It was easy its my country currency still have peeps there so need to see the conversion rate...but to me it is a deep dive...its making thai crisis not so bad either slowly....

what i know its myultiple thing...mostly nothing to look fwd to in that country from investor point of view....

wanna know funny lot of my friends send lo of money at 50 then at 55 then at 60 and now at 65. Why because it is so good rate right now and there they can get 10% return on banks ...

btw it is at 67.20 as we talk....

V
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