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why have you accepted the price-predictability assumption?

  • #841
  • Jan 1, 2014 10:57am Jan 1, 2014 10:57am
Quoting nubcake
{quote} Don't entertain a guess! You said you read about how the market operates, so you should bloody know the answer definitively. The spreads widen because no one is bidding or offering at the prices between the spread. That's what the bid and ask IS. They aren't some magic number the broker individually makes-up and prints for you just to fuck with you, apart from any small mark-up they put on the numbers so that they shave some profit before passing your shitty trades on to their liquidity provider, assuming they consider it worth their time...
Let's see, where do I even start. Yes, you're right, I do know the answer. And I did gave you an example as to one reason why spreads could widen. They have to conduct business. And the way their business is structured, for spreads to widen it has to be due to the brokers "liquidity" or "illiquidity". Now I guess, but I m not sure as to what specific reasons and events, but none the less, I do know it has to do with brokers "liquidity". What disappoints me, is the few time I do step outside my normal thread, I try to offer answers that are within my knowledge base, and then I get these misinformed, uneducated, "persnickety" ass comments such as yours. In an attempt to make "me" appear misinformed & uneducated. And in order to make my point I'm required to do your "homework" for you. I mentioned before, I usually don't post any online comment I cant support with a reference......

"Market-maker spreads widen during volatile market periods because of the increased risk of loss. The wider spreads are a way to dissuade investors from trading duA two-way price quotation that indicates the best price at which a security can be sold and bought at a given point in time.The bid price represents the maximum price that a buyer or buyers are willing to pay for a security. The ask price represents the minimum price that a seller or sellers are willing to receive for the security. A trade or transaction occurs when the buyer and seller agree on a price for the security.

"The difference between the bid and asked prices, or the spread, is a key indicator of the liquidity of the asset - generally speaking, the smaller the spread, the better the liquidity"


http://www.investopedia.com/terms/b/bid-and-asked.asp
http://www.investopedia.com/terms/m/...akerspread.asp
http://www.forexfactory.com/showthread.php?t=7484
http://www.yourtradingcoach.com/Arti...-About-It.html

before you get all "persnickety" ass, with me DO YOUR HOMEWORK. I can guarantee you this, I've already done mine...........
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Markets are not efficient, rather they are effective - Jones
  • #842
  • Jan 1, 2014 11:19am Jan 1, 2014 11:19am
"The difference between the bid and asked prices, or the spread, is a key indicator of the liquidity of the asset - generally speaking, the smaller the spread, the better the liquidity"

That part is true!

"Market-maker spreads widen during volatile market periods because of the increased risk of loss. The wider spreads are a way to dissuade investors from trading duA two-way price quotation that indicates the best price at which a security can be sold and bought at a given point in time.The bid price represents the maximum price that a buyer or buyers are willing to pay for a security. The ask price represents the minimum price that a seller or sellers are willing to receive for the security. A trade or transaction occurs when the buyer and seller agree on a price for the security.


The bit in Bold is also wrong sorry! then the rest is okay, they widen before news as there is low liquity going into the news nothing else.


I'm an old timer, I used to day trade stocks and futures with limit order and see my Bid's and Ask's live on Level 2 data, so I understand how it works.

That's not to say some brokers won't add a pip or 3 on occasionally cause they think they can, choose your broker wisely, FXCM don't do this.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #843
  • Jan 1, 2014 11:33am Jan 1, 2014 11:33am
Quoting tixy
{quote} Yah. Thats how you hand a loudmouth a defeat. Let him not show his ass here till he has done his homework. Galz rule. You really cleaned his clock hehehe

Trust me as I do not like Nubs what so ever, in this case he is right.

Don't trust everything you read on the internet!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #844
  • Jan 1, 2014 11:42am Jan 1, 2014 11:42am
Quoting mzvega
{quote} Let's see, where do I even start. Yes, you're right, I do know the answer. And I did gave you an example as to one reason why spreads could widen. They have to conduct business. And the way their business is structured, for spreads to widen it has to be due to the brokers "liquidity" or "illiquidity". Now I guess, but I m not sure as to what specific reasons and events, but none the less, I do know it has to do with brokers "liquidity". What disappoints me, is the few time I do step outside my normal thread, I try to offer answers that are...
You and tixy are both a couple of idiots. At no point did I ask you to do MY homework for me. It's done, a long fucking time ago you silly muppets. So don't come on to this forum with your "oh I don't really know but I think this that and the other" if you had just also said you supposedly understood market mechanics... something every person should at least have a grasp of. You either understand how it works or you don't.

So sit there feeling chuffed with yourself. You just typed a whole load of bullshit and pasted links for nothing other than proving that you felt the need to prove yourself to me, despite the fact that I care not one bit for what you say unless it's that previous wishy-washy bullshit where you are just endorsing Proximus's naive views and misunderstandings on what's what.

Get your shit together.
Congratulations ScalaFX for coming out of the closet!
  • #845
  • Jan 1, 2014 11:43am Jan 1, 2014 11:43am
Quoting Turveyd
"The difference between the bid and asked prices, or the spread, is a key indicator of the liquidity of the asset - generally speaking, the smaller the spread, the better the liquidity" That part is true! "Market-maker spreads widen during volatile market periods because of the increased risk of loss. The wider spreads are a way to dissuade investors from trading duA two-way price quotation that indicates the best price at which a security can be sold and bought at a given point in time.The bid price represents the maximum price that a buyer or...
imo I think the Bold is an accurate statement..........wrong as in, you didn't mean to post that? Or do you think that reference is somewhat inaccurate? Im not too versed about the level 2 display, that is something beyond my scope of knowledge, as I have never used it to trade, but its possible I could learn something from your experience...........that's why I asked, is their something "more" to that reference?
Markets are not efficient, rather they are effective - Jones
  • #846
  • Jan 1, 2014 12:30pm Jan 1, 2014 12:30pm
Quoting mzvega
{quote} imo I think the Bold is an accurate statement..........wrong as in, you didn't mean to post that? Or do you think that reference is somewhat inaccurate? Im not too versed about the level 2 display, that is something beyond my scope of knowledge, as I have never used it to trade, but its possible I could learn something from your experience...........that's why I asked, is their something "more" to that reference?

And I think it's an inaccurate statement, the base spread with a ECN Commision broker, is literally what ever Bids ( Buys ) and Sells ( Asks ) that are on the market, bucket shops add there 1pip or whatever to that spread, but that is what the BID and the ASK are, there orders, there is no magic or Market Makers protecting themselves by widing the spread by 1 pip or messing around like that.

Nub's is I'm sad to say RIGHT!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #847
  • Jan 1, 2014 12:55pm Jan 1, 2014 12:55pm
this one line should've shut proximus up, he's really incredible in producing confusion, everywhere in FF. jeez

Quoting Turveyd
long candles do not always mean high volune, just inbalance,
  • #848
  • Jan 1, 2014 1:00pm Jan 1, 2014 1:00pm
Quoting charvo
this one line should've shut proximus up, he's really incredible in producing confusion, everywhere in FF. jeez {quote}
First thing someone hears is generally the last thing they'll hear, then they pass it on to others and defend it rather than accept there wrong, humans!!

Bet like everyone he claims he's profitable LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #849
  • Jan 1, 2014 1:06pm Jan 1, 2014 1:06pm
I like Nub's "sad but true" posts, sorry, no, should be "harsh but true", lol

for most ppl, especially newbies, Nub's rude should've been a great help for their growth.

to succeed in trading, you have to be a honest person first (one necessity). to become honest, first step, accept Nub's curse, lol. Nub is mostly correct, lol, i have to say.

Quoting Turveyd
{quote} Nub's is I'm sad to say RIGHT!!
  • #850
  • Jan 1, 2014 1:14pm Jan 1, 2014 1:14pm
Quoting charvo
I like Nub's "sad but true" posts, sorry, no, should be "harsh but true", lol for most ppl, especially newbies, Nub's rude should've been a great help for their growth. to succeed in trading, you have to be a honest person first (one necessity). to become honest, first step, accept Nub's curse, lol. Nub is mostly correct, lol, i have to say. {quote}

He might be, he should skip out his attitude and bashing everyone, different circumstances likely get on fine.

But he read The Great Milenko's opinion of me, which is based on well nothing but other trolls, who's of a mountain bike forum and doesn't even trade, very screwed up guy, 1 of my long term stalkers and well it's the first thing he read LOL

Doesn't get my humour, not compatible with his Aussie humour no doubt to.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #851
  • Jan 1, 2014 1:28pm Jan 1, 2014 1:28pm
[quote=Turveyd;7183302]{quote} Gap traders LOL something to feed there addiction while the markets are closed, nothing more. 100% gamble to. Windy Grey and damp near Brum here, not so bad, not feeling the urge to take a bike out though, got to jump start the car and give it a run asap while still light.[/quote

Hi bud. I never traded gaps but the stats show you have a very high retrace rate so they can be traded with success. Otherwise your right its for newbies. Be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #852
  • Jan 1, 2014 1:30pm Jan 1, 2014 1:30pm
Quoting billytt
Quoting Turveyd
{quote} Gap traders LOL something to feed there addiction while the markets are closed, nothing more. 100% gamble to. Windy Grey and damp near Brum here, not so bad, not feeling the urge to take a bike out though, got to jump start the car and give it a run asap while still light.[/quote Hi bud. I never traded gaps but the stats show you have a very high retrace rate so they can be traded with success. Otherwise your right its for newbies. Be good
50% retrace before it heads higher, after the initial extension higher sometimes, only happens once per week so can't really make a living off it

Never

Pizza time!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #853
  • Jan 1, 2014 2:00pm Jan 1, 2014 2:00pm
Just spent ages on mobile replying then lost it. On prediction theme. One gap per week can be the gateway to live off forex. But I now speak of serious money appliance. I never ever traded gaps but I was aware of them if I was triggered into a trade. We need as much info/help as possible. Stats/percentages help big time.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #854
  • Jan 1, 2014 2:14pm Jan 1, 2014 2:14pm
Quoting nubcake
{quote} You and tixy are both a couple of idiots. At no point did I ask you to do MY homework for me. It's done, a long fucking time ago you silly muppets. So don't come on to this forum with your "oh I don't really know but I think this that and the other" if you had just also said you supposedly understood market mechanics... something every person should at least have a grasp of. You either understand how it works or you don't. So sit there feeling chuffed with yourself. You just typed a whole load of bullshit and pasted links for nothing other...
Quoting Proximus
Sorry if this may sound offtopic, but did anyone noticed that the spread fluctuation was really low in the past 1 or 1.5 weeks? What can cause this?
I answered the question to the best I could with the knowledge base available to me. I spoke on what I do know that , the way the MM brokers, are structured, its has more to do with “liquidity”

Quoting mzvega
{quote} I just think that when brokers spread widens (all brokers spreads vary) I think it has to do with “their” liquidity and the cost they will incur.
I gave an example by using the example that they conduct business in the manner as any other at other wholesaler would. I have no knowledge of ECN commision brokers, I only researched players that pertain to my trading. IBFX “bucket shop”

AS to why “spread fluctuation was really low in the past 1 or 1.5 weeks? What can cause this?” Like I said, I don’t know the specifics, I don’t even know what pair he’s referring to. And as I keep saying I’m not sure what he trying to accomplish, I just, in good faith to the best of my ability tried to explain why spreads fluctuate. I did that. And if that makes me “a muppet” so be it. So what was the point of your persnickety ass attituded with me??? If it makes you feel better, I'll admit it, I'm a Muppet & an idiot , youre right and Im wrong "liquidity" has nothing to do with the widening of spreads" Do you feel better now?
Im not equipped to have a pissing contest with you. But judging from your persnickety ass comment & attitude, we share common ground, first hand knowledge about how it actually feels to have our “panties” in a bunch………….

apologies to the thread.....by no means did I mean to misinform anyone. Its obvious I have have nothing of value to contribute here........................
Markets are not efficient, rather they are effective - Jones
  • #855
  • Jan 1, 2014 3:08pm Jan 1, 2014 3:08pm
Quoting charvo
I like Nub's "sad but true" posts, sorry, no, should be "harsh but true", lol for most ppl, especially newbies, Nub's rude should've been a great help for their growth. to succeed in trading, you have to be a honest person first (one necessity). to become honest, first step, accept Nub's curse, lol. Nub is mostly correct, lol, i have to say. {quote}
I am no "newbie", Could you explain how you think that "persnickety ass" attitude with me, is somehow a great help in the growth of my success in trading??????? I am a competent trader . He has not shared anything with me, I didn't already know within the context of the question I was answering. He didnt share anything but a "persnickety ass" attitude. So, what was this great wealth of knowledge that I was to take from his post? Remember, I'm just a Muppet here, could you kindly cut & paste this exact nugget of knowledge he so generously shared with me? What was I supposed learn from that post? Seriously, what was the lesson?
Markets are not efficient, rather they are effective - Jones
  • #856
  • Jan 1, 2014 3:22pm Jan 1, 2014 3:22pm
Quoting mzvega
{quote} I am no "newbie", Could you explain how you think that "persnickety ass" attitude with me, is somehow a great help in the growth of my success in trading??????? I am a competent trader . He has not shared anything with me, I didn't already know within the context of the question I was answering. He didnt share anything but a "persnickety ass" attitude. So, what was this great wealth of knowledge that I was to take from his post? Remember, I'm just a Muppet here, could you kindly cut & paste this exact nugget of knowledge he so generously...
Keep crying. You got called-out speaking weakly on a topic you should have had a firm grip on, perpetuating typical nonsense instead of squashing it like a bug. Deal with it. Or, alternatively, keep whining about "persnickety ass" attitudes. So far all you have managed to do is jump up and down like a child drawing attention to yourself. To the list you go.
Congratulations ScalaFX for coming out of the closet!
  • #857
  • Jan 1, 2014 3:27pm Jan 1, 2014 3:27pm
Quoting nubcake
{quote} Keep crying. You got called-out speaking weakly on a topic you should have had a firm grip on, perpetuating typical nonsense instead of squashing it like a bug. Deal with it. Or, alternatively, keep whining about "persnickety ass" attitudes. So far all you have managed to do is jump up and down like a child drawing attention to yourself. To the list you go.

91 on your ignore list, how long before every member of FF is on there, you have to admit, he's completely MAD!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #858
  • Jan 1, 2014 3:37pm Jan 1, 2014 3:37pm
Quoting Turveyd
{quote} 91 on your ignore list, how long before every member of FF is on there, you have to admit, he's completely MAD!!
That number used to be higher, but some people have since redeemed themselves. I'll usually read most hidden posts once just so I have an idea of where thread conversations have been, hence why I still suffer your posts. After that I no longer have to subject myself repeatedly to terrible posts by terrible posters when I refresh a thread.

You are welcome to waste time reading shitty posts by talking-heads. I'd rather filter the noise. My time is more valuable than that.
Congratulations ScalaFX for coming out of the closet!
  • #859
  • Jan 1, 2014 4:08pm Jan 1, 2014 4:08pm
euraud prediction has come in, eurusd still open.

http://www.forexfactory.com/showthre...94#post7181894
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  • #860
  • Jan 1, 2014 4:17pm Jan 1, 2014 4:17pm
Quoting mzvega
{quote} Let's see, where do I even start. Yes, you're right, I do know the answer. And I did gave you an example as to one reason why spreads could widen. They have to conduct business. And the way their business is structured, for spreads to widen it has to be due to the brokers "liquidity" or "illiquidity". Now I guess, but I m not sure as to what specific reasons and events, but none the less, I do know it has to do with brokers "liquidity". What disappoints me, is the few time I do step outside my normal thread, I try to offer answers that are...
While everything you say here is true, I fail to understand what the topic of broker spreads has to do with the threads topic. I think you've been sucked into a discussion that is off topic and irrelevant to what red is asking. I don't have a problem with your writing style, and hope you continue posting here, once it gets back on topic.
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