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Technical Analysis Fallacy

  • #44,881
  • Feb 7, 2014 12:47pm Feb 7, 2014 12:47pm
Chief,

M a i l ......

V
  • #44,882
  • Feb 8, 2014 7:20am Feb 8, 2014 7:20am
Hi Fti, can I please ask you if you ever used to incorporate volume on your charts? many thanks!
Tracking the Specialists.
  • #44,883
  • Feb 8, 2014 8:12am Feb 8, 2014 8:12am
Quoting Connected
Hi Fti, can I please ask you if you ever used to incorporate volume on your charts? many thanks!
Hi Connected,

May I take the liberty to answer your question please. There is a post somewhere on this thread that talks about market structure and volume was one of the points brought forth. I apologise that you may have to search the thread and I do not have the link. However, the idea is that spot FX is a OTC market. There is no centralized exchange. The volume information that is presented by your broker is only local to your broker. Thus, conclusion is that there is not much value.

Best Regards
Jacque
THE ALL is MIND; The Universe is Mental
  • #44,884
  • Feb 8, 2014 11:01am Feb 8, 2014 11:01am
Quoting indianguyinny24
Chief, M a i l ...... V
sorry cannot help with urgent matters.
I having much difficulties in my day to day living.
Things are changing and i can hardly cope.

regards
  • #44,885
  • Edited 1:34pm Feb 8, 2014 11:06am | Edited 1:34pm
Quoting Connected
Hi Fti, can I please ask you if you ever used to incorporate volume on your charts? many thanks!
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Jacque's answeer is very accurate.[/highlight]
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Me, i no do volume for fx.[/highlight]
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Basically i no access to BIS (bank of international settlements) data.[/highlight]
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]So we lesser gods no get see real volume figs. Primary market volume data only for sob(sons of big)gods.[/highlight]

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]If you charting volume for fx secondary markets , is like charting how much my daily trash.[/highlight]
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]It depends. Mostly is guess work. Then there is the direct market, then indirect markets.[/highlight]
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]By the way, whats the volume traded by money changers? taxi drivers and tour operators?[/highlight]
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]I cannot even get monthly figures of any accuracy. Let alone intraday.[/highlight]

See, the information, it is not really available. in futures and exchange mechanisms they own the markets, only they have the specific product.
They also trade in specific contract sizes.
IN otc fx. 1 transcation can be worth $1 or 1 billion $.
How are we going get to know what transpired?

In primary markets if for example gets hit 1 billion$ ticket.
even at tier 1 will absorb risk of may be 100 to 200 mio.
the rest hits out to other tier 1s and lower tiers.
So a 1billion transaction may have a volume read of maybe 50 billion?and if amarket unable absorb the trade , maybe carry over sectors and days.and may generate volumes 100 billion, if the trade self feeds. bulls , bears, ducks and pigs.
If hit the chickens, not much trades, only lots noise and stories.


[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]regards[/highlight]

[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]did you see how market was running around like headless chickens friday?[/highlight]
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]someone opens mouth and the chickens dances.[/highlight]

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  • #44,886
  • Feb 8, 2014 2:20pm Feb 8, 2014 2:20pm


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  • #44,887
  • Feb 8, 2014 3:38pm Feb 8, 2014 3:38pm
Quoting Connected
Hi Fti, can I please ask you if you ever used to incorporate volume on your charts? many thanks!
Hi Connected
I see you already answered by FTI
i want just may be to add some past post on volume to you
Link 1
Link 2
Hope it helps
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #44,888
  • Feb 8, 2014 7:07pm Feb 8, 2014 7:07pm
Quoting fti
{quote} sorry cannot help with urgent matters. I having much difficulties in my day to day living. Things are changing and i can hardly cope. regards

Asked something on mail let me know what you think
  • #44,889
  • Edited 11:11pm Feb 8, 2014 10:38pm | Edited 11:11pm
Hi fti,

are you feeling better today? Have you considered chiropractic adjustment? Not that it is a cure for COPD, but it enhances general well being on the basis of the spine being the central medium that direct almost all nervous signal in our body. Think computer motherboard. It is strictly non medicinal.

separately, would like to enquire with you on commodities market i.e soybean, sugar, pork bellies, copper etc. apologies if this OT here. However would like to know if you have recommendations to readings or books on market structure? could you also shed some light on broker and charting? Also, to understand nuances and terms specific to the futures market such as contago, is CFA a good place to look into?

appreciate your guidance and thanks much
THE ALL is MIND; The Universe is Mental
  • #44,890
  • Feb 8, 2014 10:42pm Feb 8, 2014 10:42pm
Quoting -Michael-
{quote} Hi Connected I see you already answered by FTI i want just may be to add some past post on volume to you Link 1 Link 2 Hope it helps regards Michael
Thanks Michael, your links are very helpful especially those post that are on the 1000 series pages
THE ALL is MIND; The Universe is Mental
  • #44,891
  • Edited 12:53am Feb 9, 2014 12:13am | Edited 12:53am
Quoting indianguyinny24
{quote} Asked something on mail let me know what you think
this maybe this may have some relevance.

Most Banks and Financial institution do not allow staffs to trade on their personal and immediate family accounts for avoidance of conflict of interest and insider trading.
However some have guideline in their staff manual on what classes or sizes of trading is allowable.
Some institutions allow staffs trade if permission has been seeked and all trades are reportable to the compliance dept.
Is prudent check with immediate bosses and staff manuals on corp policy.
Is different from one to another.

Also consult letter of appointment on negiotiated exclusions on terms of employment.
Mostly is disclosure issues , i would think.
Best to check with HR and immediate boss or seek guidance of BOD.(directors)

regards
  • #44,892
  • Edited 1:41am Feb 9, 2014 12:27am | Edited 1:41am
Quoting Jacque
Hi fti, are you feeling better today? Have you considered chiropractic adjustment? Not that it is a cure for COPD, but it enhances general well being on the basis of the spine being the central medium that direct almost all nervous signal in our body. Think computer motherboard. It is strictly non medicinal. separately, would like to enquire with you on commodities market i.e soybean, sugar, pork bellies, copper etc. apologies if this OT here. However would like to know if you have recommendations to readings or books on market structure? could...
thank you Jacque
I do spine allignment every other day. Have special technique a warrior monk taught me adjust them regularly.
but i no have COPD have LV thrombus. Maybe should have after so many years of practise.
but mostly is the sub functional pump. Is stressing everybody else , every related organs. and evry body's related.

regards

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  • #44,893
  • Feb 9, 2014 1:09am Feb 9, 2014 1:09am
Quoting fti
{quote} this maybe this may have some relevance. Most Banks and Financial institution do not allow staffs to trade on their personal and immediate family accounts for avoidance of conflict of interest and insider trading. However some have guideline in their staff manual on what classes or sizes of trading is allowable. Some institutions allow staffs trade if permission has been seeked and all trades are reportable to the compliance dept. Is prudent check with immediate bosses and staff manuals on corp policy. Is different from one...

Did I everything all these scams are killing everything anyhow I thought I ask u anyway what is closest the fx things ...

mostly thing I learnt is managing I can take it anywhere

v
  • #44,894
  • Feb 9, 2014 1:49am Feb 9, 2014 1:49am
Quoting indianguyinny24
{quote} Did I everything all these scams are killing everything anyhow I thought I ask u anyway what is closest the fx things ... mostly thing I learnt is managing I can take it anywhere v
trade marlboro
just kidding. let me put on thinking cap.
mom pls.

regards
  • #44,895
  • Feb 9, 2014 1:59am Feb 9, 2014 1:59am
Quoting Jacque
Hi fti, would like to enquire with you on commodities market i.e soybean, sugar, pork bellies, copper etc. apologies if this OT here. However would like to know if you have recommendations to readings or books on market structure? could you also shed some light on broker and charting? Also, to understand nuances and terms specific to the futures market such as contago, is CFA a good place to look into? appreciate your guidance and thanks much
commodities are localised markets, limited liquidity and transparency.
nevertheless is tradable if one is hedgers or have physical access.
Paper trades a little dangerous, is a question who's issueing the papers.
Gold and Black Gold have good market depth, but have BIG cartels involvement.

Contango and backwardation are chart terms.
one is upward sloping and one is downward sloping gradients.
Mostly charted over time, so analysis mode would be in curvatures.

CFA? That the professional paper get into the financial industry. Is can opener, open doors.

Further trading equities and stocks , basically trading less than AAA+ corp debt papers, same as trading money markets.
Is the secondary markets to bills and bonds. Is localised to the issuer. FX is the ultimate in international trading.



regards
  • #44,896
  • Feb 9, 2014 2:11am Feb 9, 2014 2:11am
Quoting fti
{quote} trade marlboro just kidding. let me put on thinking cap. mom pls. regards

Thank u chief

minor extra info sent

v
  • #44,897
  • Edited 2:50am Feb 9, 2014 2:15am | Edited 2:50am
Quoting indianguyinny24
{quote} Thank u chief minor extra info sent v
noted.
They trying avoid conflict of interest in the staff.
Therefore allowed investing and wealth management , but not trading.

Same reason why i not trade my own accounts when pro.
Reason why i left bought my own seats in exchanges when near retirement.
later ended up managing the exchanges.

note that rules apply to staff and immediate families only. seek legal council or documented BOD guidance is best on to what extent allowed advisory to other corps, companies and enterties. Generally is clear no allowance of active trading. I would had made same for my men. Also make sure of full disclosure.(very important. If have concubines must info wife full details pls.)
Should not have 2 masters. Is impossible serve 2 masters. jesus also said same.


regards
  • #44,898
  • Feb 9, 2014 2:34am Feb 9, 2014 2:34am
Quoting fti
{quote} noted. They trying avoid conflict of interest in the staff. Therefore allowed investing and wealth management , but not trading. Same reason why i not trade my own accounts when pro. Reason why i left bought my own seats in exchanges when near retirement. later ended up managing the exchanges. note that rules apply to staff and immediate families only. seek legal council or BOD guidance is best on to what extent allowed advisory to other corps, companies and enterties. Generally is clear no allowance of active trading. I would...

Fel ell like leaving company somehow trust myself this much love to take a risk on my own

but for some issues I can't so I will be on demo from next month onwards

V
  • #44,899
  • Edited 2:52am Feb 9, 2014 2:40am | Edited 2:52am
Quoting indianguyinny24
{quote} Fel ell like leaving company somehow trust myself this much love to take a risk on my own but for some issues I can't so I will be on demo from next month onwards V

Take time think, ultimately you will make use of the mastered skills.
no get do or die mindset again please.
Question of timing.
Normally i let God show me when is right time.
But thats just me.
When all other arteries get some kinda blockage then i take as sign.
Again, thats just me.

Remember bird in pocket is better than birdie on tree.
Grass is greener on othe side because.....

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regards
  • #44,900
  • Feb 9, 2014 2:43am Feb 9, 2014 2:43am
Quoting fti
{quote} Take time think, ultimately you will make use of the mastered skills. Question of timing. Normally i let God show me when is right time. But thats just me. When all other arteries get some kinda blockage then i take as sign. Again, thats just me. regards

I am am thinking about the immediate family member thing

yes asking god for the path

this is last month of trading after that i m out for some time

V

btw thanks chief you were and are a great teacher
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