Technical Analysis Fallacy | Page 2165 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Ultimate Fallacy in Technical Analysis 99 replies

"Technical Analysis Fallacy" thread people, I need your help 54 replies

Technical Analysis Fallacy Redux 23 replies

Statistical analysis fallacy 33 replies

Attachments: Technical Analysis Fallacy
Exit Attachments

Technical Analysis Fallacy

  • #43,281
  • Edited 9:10pm Oct 3, 2013 8:58pm | Edited 9:10pm
Hi FTI,

Very glad to see your posts.
This is my first reply but I have been reading this for many weeks now. Very interesting thread you have going here and i am amazed by your passion to keep it going for so long. Also wish you best of health.

I work at a tier1 bank but in electronic trading side of the business. basically i design algorithms that stream live prices to all our customers - variety of customers - corporates, retail brokers, pass through aggregation venue like currenex etc. As you know the market structure has changed a lot in last 10 years. The % of volume now going through electronic channel is much more than voice trades.

one interesting article i wanted to highlight was
http://www.euromoney.com/Article/326...le-future.html

now my question, do you think all this transformation must have changed the way prices move now and made it difficult to know real dynamics behind price move. The same thing happened in equities world when most trading went to algo orders (like vwap etc) instead of large block trades done my wallstreet.

At a high level it feels, trading from charts by looking at price action must have become difficult now (since algos break the orders into many small orders that disperse the effect). Wanted to get your view on this based on your experience and your recent trading.

Thank you and have a great day.
Think : Trade : Live Life
  • #43,282
  • Edited 9:56pm Oct 3, 2013 9:28pm | Edited 9:56pm
Quoting Jaro
Hi Fti! Nice to see you! How are you... took couple days of holidays? Should we trade today?
. I decided to stop trading.
Money is useless instrument already. Have enough get me thru life. But if they make it all worthless, then will need have capacity force body make a living again.
Otherwise can lay in a box. Systemic failure may wasted all the retirement financial planning already. I am bracing for hyperinflation hit , or end of world for me, whichever comes first.

i now going focus my energy practise my chi sifu taught me. Need intensity the practise.
Had been having problems on that. If i try activate my diantian, other organ complaints and makes me sick.
But now , no choice. Either live with ability function as ordinary human otherwise die trying.

regards
  • #43,283
  • Oct 3, 2013 9:28pm Oct 3, 2013 9:28pm
Quoting fti
{quote} . I decided to stop trading. Money is useless instrument already. Have enough get me thru life. But if they make it all worthless, then will need have capacity force body make a living again. Otherwise can lay in a box. Systemic failure may wasted all the retirement financial planning already. i now going focus my energy practise my chi sifu taught me. Need intensity the practise. Had been having problems on that. If i try activate my diantian, other organ complaints and makes me sick. But now , no choice. Either live with ability...

feeling better??


V
  • #43,284
  • Oct 3, 2013 9:50pm Oct 3, 2013 9:50pm
Quoting stt
Hi FTI, Very glad to see your posts. This is my first reply but I have been reading this for many weeks now. Very interesting thread you have going here and i am amazed by your passion to keep it going for so long. Also wish you best of health. I work at a tier1 bank but in electronic trading side of the business. basically i design algorithms that stream live prices to all our customers - variety of customers - corporates, retail brokers, pass through aggregation venue like currenex etc. As you know the market structure has changed a lot in last...
oh you a quant.
Hi, and welcome to thread.
Since you in tier 1 , there is little info here that you not know already.

In answer to your question. I not think your analysis of the situation is wrong, but mindset may not be accurate, i feel.
You see, Markets had been changing from paradime shift to shift.
Had always been in constant change mode. What you seeing is her adjustments to technology advancements in terms of orders distributions.
I am opinioned that the core market making will be retained, but market pyrimidal tier structure may flatten out, if the broking can find sufficient liquidity to provide tier 1 customers stable prices to fill size orders. From my experience thus far, i believe the liquidity is not developed yet.
Just 1 example, if suit.
When soros hit markets he still dealt with a few counterparties only for fills.
This how big boys like to work.
What i heard so far is broking can do up to 10 mio usd per quote. BUt 10 mio is nothing. Even interbro can do $50 prices from time to time.
If someone had to dump 1 yard in markets, will be too rediculous to to ask for so many $10 prices, don't you think?
But as you suggested there will be change of behaviour, but is nothing new. Those of us that are experienced traders, we should know how adjust to changes. Thats what we had been doing all our dealing lifes. But the rigid brains , they might get slaughtered, if they too rigid unable re-adjust.

Have a nice day too.

regards
  • #43,285
  • Edited 11:15pm Oct 3, 2013 10:09pm | Edited 11:15pm
Quoting indianguyinny24
{quote} feeling better?? V
i get nausea, when i exert. This one reason i retired way before i supposed to.
but since we going close into ww3 , what choices have i got.

But really is futile effort i cannot even walk stable, so what can i really do.
But at least i am prepared, even if only for mom.
If i not make it , at least i feel happy mom get chance try out-live it. She out lived 1 world war already.
Nothing says she not going outlive another.

maybe God signaling me , "Get off your behind, is not time yet."
maybe i may even survive the nukes. but is sinful for a scout not be prepared.
Least i can do is at least be prepared. Like i said is a sign put on my boogie shoes.: )


regards

oh not be too worried, this old video. i didn't take too seriously.
But now is second warning for me, just me now have excuse , stop waiting to die.


Inserted Video


Inserted Video


Inserted Video
  • #43,286
  • Edited 11:07pm Oct 3, 2013 10:34pm | Edited 11:07pm
if us govt shut down pass 17 Oct and defaults debt.
who is main creditors?

the probability is on or off.
if on need be prepared.
if off then still need be prepared.
thats my feelings.
where i am already prices of stuff inflating badly .
i just get bad feelings in my gut. The tensions coming from many sides. Just too many wild cards. and i cannot understand politics.
Actually i think inflation is gonna hurt worst than a nuke.
Its the living that suffers, dying ain't so bad. If i am certain big bang then , i not care to prepare.
Only need pray God for mercy for my sins.



regards
  • #43,287
  • Oct 3, 2013 11:43pm Oct 3, 2013 11:43pm
Quoting fti
{quote} . I decided to stop trading. Money is useless instrument already. Have enough get me thru life. But if they make it all worthless, then will need have capacity force body make a living again. Otherwise can lay in a box. Systemic failure may wasted all the retirement financial planning already. I am bracing for hyperinflation hit , or end of world for me, whichever comes first. i now going focus my energy practise my chi sifu taught me. Need intensity the practise. Had been having problems on that. If i try activate my diantian, other...
Hi FTI
Hope your succeed with this Chi energy practices
and it will become second nature like trading was
You will master it and live quality life from the side of Health
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #43,288
  • Oct 4, 2013 2:52am Oct 4, 2013 2:52am
ok all my scouts back safely.took small loses but stll my proft for last month more than 7%
Allah has permitted trade and has forbidden interest [koran]
  • #43,289
  • Oct 4, 2013 3:39am Oct 4, 2013 3:39am
Quoting fti
. I decided to stop trading.
That is more shocking than WWIII !!!

Thank you for sharing AOW and 3 kingdoms with me, I hope one day I will understand Dao De Jing.

Are you going to leave the forums with a bang or still going to be around?

Whatever you decide, I sincerely wish you well, Chief. 加油!
  • #43,290
  • Oct 4, 2013 9:09am Oct 4, 2013 9:09am
Quoting -Michael-
{quote} Hi FTI Hope your succeed with this Chi energy practices and it will become second nature like trading was You will master it and live quality life from the side of Health regards Michael
Thanks, you are very kind.
I had already mastered the practise many years ago.
Sifu was very kind taught me much.
But problem is after the heart attack every time i harnest the chi. I start gets dizzy, sometimes vomits and falls sick.
Another sifu who was treating me earlier, he told me don't harnest . He said my body cannot take it any more.
I tend agree. I can feel it too. Can't put a lorry load on a small car.
already is difficult run a tank on a motocycle engine. Add power load may just push it beyond tolerance.

i just did the exercises this morning after posting.
lights switched off , now just awoken.
but i decided so i will try repeatedly.
what not kills me should makes me stronger.

regards
  • #43,291
  • Oct 4, 2013 9:38am Oct 4, 2013 9:38am
Quoting 4tiger
{quote} That is more shocking than WWIII !!! Thank you for sharing AOW and 3 kingdoms with me, I hope one day I will understand Dao De Jing. Are you going to leave the forums with a bang or still going to be around? Whatever you decide, I sincerely wish you well, Chief. 加油!

Thank you for learning. and thanks for your kind words.

on my part . what i needed to do already i done..
Has been long time only staying socialise here with friends. Mostly looking out see if have any deserving peeps need help understand the stuff presented.
mostly i resigned to be house bound already. But God 's kind allow me activities and socialise with peeps in cyberspace.
wouldn't had been possible until now that there is electronic communication.
Now is gets difficult, because if i cannot help self, then there will be little energy that i can help others with.
I haven't decided what i will be doing, just follow the flow and see where God wants guides.

regards
  • #43,292
  • Oct 4, 2013 10:10am Oct 4, 2013 10:10am
FTI

wish you a nice journey... enjoy the ride , and be proud of your legacy ,we really enjoy the things presented here.

Cheers
  • #43,293
  • Oct 4, 2013 11:04am Oct 4, 2013 11:04am
Quoting fti
{quote} Thank you for learning. and thanks for your kind words. on my part . what i needed to do already i done.. Has been long time only staying socialise here with friends. Mostly looking out see if have any deserving peeps need help understand the stuff presented. mostly i resigned to be house bound already. But God 's kind allow me activities and socialise with peeps in cyberspace. wouldn't had been possible until now that there is electronic communication. Now is gets difficult, because if i cannot help self, then there will be...
Hello Chief, FTI!

very sad to know that you want to leave this forum, how about new comers like me who just found luckly
your thread few weeks ago, I am also very concerned about your health, and pray for you, may GOD give
you health, strength & bless you. Sorry I can not express my feelings in better way because english is not
my first language.
I know there many good people here who could guide me but NO body can take your place.

May I suggest you something, time/health permits if you could start small group of new students, say10-15
who wants to learn your expertize, your style, method, and guide/teach them through email, skype.
Can I be a fortunate one. Plz DO NOT disaapoint me to say Nooooooo.

waiting for your reply anxiously. take care and GOD bless you.
Ashraf

my email address is [email protected]
  • #43,294
  • Oct 4, 2013 11:25am Oct 4, 2013 11:25am
Quoting Redsunfx
FTI wish you a nice journey... enjoy the ride , and be proud of your legacy ,we really enjoy the things presented here. Cheers
thanks, very kind


regards
  • #43,295
  • Oct 4, 2013 11:29am Oct 4, 2013 11:29am
Quoting Sevenskies
{quote} Hello Chief, FTI! very sad to know that you want to leave this forum, how about new comers like me who just found luckly your thread few weeks ago, I am also very concerned about your health, and pray for you, may GOD give you health, strength & bless you. Sorry I can not express my feelings in better way because english is not my first language. I know there many good people here who could guide me but NO body can take your place. May I suggest you something, time/health permits if you could start small group of new students, say10-15 who...


I like work the scouts way. Patrol system not more than 7 in groupings.
To achieve, one need be fit.
Unfortunately, i not meet the mark there now.

Sorry to disappoint.
For what its worst, is mostly on the thread already.
nothings better than self discovery.
mentors can only point directions, learning need depend on self.
thank you for the honour.



regards
  • #43,296
  • Oct 4, 2013 11:33am Oct 4, 2013 11:33am
fti 一個非常漂亮，謙遜，愛心和勇敢的人，我愛的人，就從我深深的哈特
don't predict direction, but dance with flow of water
  • #43,297
  • Oct 4, 2013 11:35am Oct 4, 2013 11:35am
Quoting fti
{quote} I like work the scouts way. Patrol system not more than 7 in groupings. To achieve, one need be fit. Unfortunately, i not meet the mark there now. Sorry to disappoint. For what its worst, is mostly on the thread already. nothings better than self discovery. mentors can only point directions, learning need depend on self. regards
thanks for your precious time answering my mail. Always praying for you. take care
and GOD bless you.
Ashraf
  • #43,298
  • Oct 4, 2013 11:44am Oct 4, 2013 11:44am
Quoting priceaction1
fti 一個非常漂亮，謙遜，愛心和勇敢的人，我愛的人，就從我深深的哈特
感謝,感謝.
不敢,不敢.
真悔過.
身不爭氣.

regards
  • #43,299
  • Oct 4, 2013 11:45am Oct 4, 2013 11:45am
chief plz don't go, there is dark out side,for us. and you are like man with candle
Attached Image
don't predict direction, but dance with flow of water
  • #43,300
  • Oct 4, 2013 11:51am Oct 4, 2013 11:51am
Quoting fti
{quote} I like work the scouts way. Patrol system not more than 7 in groupings. To achieve, one need be fit. Unfortunately, i not meet the mark there now. Sorry to disappoint. For what its worst, is mostly on the thread already. nothings better than self discovery. mentors can only point directions, learning need depend on self. thank you for the honour. regards

I wish I could learn AOW and 3 Kingdoms from you. I never disappoint.
where there is a will, there is a way.

everpraying,
Ashraf
31 traders viewing now