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Technical Analysis Fallacy

  • #45,601
  • Edited 8:38pm Apr 7, 2014 7:40pm | Edited 8:38pm
Quoting indianguyinny24
{quote} Good night sleep chief.... V
not so good sleep , my friend.
ai ya i so slow get message hor.

i already got call when i just snoozing nicely.

hey my friend he asked.
what you think about the civil war on wall street?
i asked what civil war.
ai ya you really retarded already.
there big war mugger vs hft.
so i asked wait wait i need get decent then i try figure out what yo saying.

seems wall street bricks falling hor.
i checked.
mugger is W buffett main squeeze.
seems there's big issue about high frequency trading. and a book just published about how is bad for trading.
these all over my head.
seems they shooting nano second binary ammo at each other.
everybody trying to figure out which side to stand.

oh please no ask me hor.
I also not have clear info yet.
only can say if wall street bricks fall , maybe not hit china.
but we cannot trade rmb, so just be cautious if long usd.
I try figure this out while i brush my teeth.

seems is not kid in cold dungeon doing this.

regards
  • #45,602
  • Apr 7, 2014 7:51pm Apr 7, 2014 7:51pm
is not mugger.
is munger la.

http://www.cnbc.com/id/47330452

oops seems real, even authorities got dragged in.

http://blog.themistrading.com/121509...ystery-solved/

ok take raincheck in collecting too much usd hor.
need see where this is going.

ok need think.
if event of wall street bloodied, if usd exodus , which currency they likely park in?
open for discussion. any ideas?

ai ya why they change the wall street core.
they not understand these days change core may have many bugs meh?


regards
  • #45,603
  • Apr 7, 2014 8:10pm Apr 7, 2014 8:10pm

http://www.forexfactory.com/news.php?do=news&id=478515

"Currency transactions driven by import and export business flows, rather than speculative trading, dominate foreign-exchange activity in Asia, according to East & Partners’ Dowling."


"A “very wide price, or sometimes no price” for foreign-exchange trades is also an issue with electronic solutions when markets are “stormy,” Mitsui said."
  • #45,604
  • Edited 8:23pm Apr 7, 2014 8:12pm | Edited 8:23pm
noted cable firming , also Aud.
euro i a little .

loonie also somewhat firmer against usd.

usd/yen also i feel a little .

eagle eyeing that chf, have yellow metal reasons to.

other than that is 3rd currency option, but is hard to watch too many closely.
i focusing majors.

HELLO is anyone on thread?
vic , can you make some calls to Ny.
see if they very ecited or is just a farst.
  • #45,605
  • Apr 7, 2014 8:26pm Apr 7, 2014 8:26pm
interesting read on HFT ... looks like mainly complaining about equities

HFT should be good for retail traders mah? no? it adds liquidity for us

Cant say much for traders as hearing it is taking away their jobs
  • #45,606
  • Apr 7, 2014 8:28pm Apr 7, 2014 8:28pm
seems,
Inserted Video
  • #45,607
  • Edited 11:41pm Apr 7, 2014 9:58pm | Edited 11:41pm
Quoting trad8
interesting read on HFT ... looks like mainly complaining about equities HFT should be good for retail traders mah? no? it adds liquidity for us Cant say much for traders as hearing it is taking away their jobs
interesting, your thoughts.

for big market maker that provide trade liquidity.
the small flys not matters much, mostly not want gets rammed by size.
so may make nice prices for small.

the electronic trading, just providing broking between market makers and small flys.
they would probably be back to back on deal to deal. scalp a little off market maker , a bigger piece maybe on small fly.

But if market makers boycotts making market, then all eyes will be on the electronic provide liquidity?
what if you bid and no one offers ?
then maybe you may need trade the range get in and out of positions. if really no liquidity, maybe even month's range.
and in electronic nano seconds, probably month's range in seconds or minute.

Have you ever traded markets that have little/no liquidity providers?
try trade RMB.

think carefully what you want.
You may just get it.

I think HFT is wrong term. maybe should be HSA.(high speed arbitraging)

vocal market making could be direction to go.
price for usd/yen please for 2
eeeer, mom pls.
off.
hello but you not made a price yet.
oh i did , you not paying attention. ooops sorry my mic was not on.

now 103.00/05
mine
ok done 2 mio usd you bought.
nono i asking for 200,000 usd
oh can you go counter 12 and que up pls.
this interbank hor.

this just jesting.
In real life you never get a dealers price unless you have interbank lines.

but can become real situation if this fiasco not gets resolved.
back to stone age.

becareful what one's challenging. can get real ugly.
But of course one can try develop liquidity from order book.
then the big boys when they come into markets, they will chew your heads off , no see daylight style. once you filled.
ithink the broking term is "once you executed".
would be swift execution i would think.


regards

hihi friends.
may i have 2 mio usd/dmk price please.
sure mom pls.
oops i am so sorry dealer just steped outside for lunch.
can you call back after lunch pls.
may take some time, we on 42 floor,
he was here just a momment ago.
and in blink o an eye delaer just stepped out.

  • #45,608
  • Apr 7, 2014 10:36pm Apr 7, 2014 10:36pm
Quoting fti
{quote} interesting, your thoughts. for big market maker that provide trade liquidity. the small flys not matters much, mostly not want gets rammed by size. so may make nice prices for small. the electronic trading, just providing broking between market makers and small flys. they would probably be back to back on deal to deal. scalp a little off market maker , a bigger piece maybe on small fly. But if market makers boycotts making market, then all eyes will be on the electronic provide liquidity? what if you bid and no one offers ? then maybe...
Hi Chief
I think you mentioned somewhere before that you are a dino saurus It is very true I think. Electronic pricing cannot be ignore imho even for market makers these days. I think I read in your threads during the good old days you had hundreds of direct sparing partners. I think probably now due to electronic pricing, you might be down to less then 20. Look at this article I saw the other day
http://www.bloomberg.com/news/2014-0...ce-humans.html

sad case ... but luckily computers can never replace ppl totally ... like you say RMB

http://www.bloomberg.com/news/2014-0...nic-trade.html

but I have to agree that I dont think many trade like you do now ... thanks for sharing and keeping the MO alive !

kudos to a true legend !
  • #45,609
  • Edited 12:45am Apr 8, 2014 12:04am | Edited 12:45am
thank you for nice email.

why would that be crime?

ok i show you a example.
if i was dealer dealing 100 mio.
I will just buy 100 mio sell 100 mio at same price what ever currency unit.
then go sleep 1 year.
at end of year i would take profit the side that making money.
if market comes back then i have profit and gets paid profit sharing.
otherwise i go look for job at next bank do the same.,

get it?
and i can make for you 1 million variations of the same MO.
this technique is called locking.
locking in job, salary, +commissions (if broking),+ profit sharing (if dealing).
you tell me now, is this fraud or not?

But if you want impliment this on your own funds, no one is going to stop you fraud yourself.
of course unless you looking for free food and lodging from govt.

hedging, what hedging?
what you hedging?

try it on anyone elses moneys and see if they send you to jail.
just try.



regards
  • #45,610
  • Edited 1:06am Apr 8, 2014 12:48am | Edited 1:06am
Quoting trad8
{quote} Hi Chief I think you mentioned somewhere before that you are a dino saurus It is very true I think. Electronic pricing cannot be ignore imho even for market makers these days. I think I read in your threads during the good old days you had hundreds of direct sparing partners. I think probably now due to electronic pricing, you might be down to less then 20. Look at this article I saw the other day http://www.bloomberg.com/news/2014-0...ce-humans.html sad case ... but luckily...
its already scraping against the wall if you follow whats happening to the equity side of the wall.
ok lets see if it survives.

this BIG, very very BIG.
core melt down possibilities.

Anyway , has nothing do with me.already, my watch is over already.
for lack of better word , just didn't want see them stab themselves where it hurts.
2 decades ago globex tried muscle markets away from the principals.
They failed miserably.
now is try again, but now they ante is higher already.
I no crystal ball , so i just watch see what happens.
much drama, but it ain't over till the fat lady sings.

regards
  • #45,611
  • Edited 4:03am Apr 8, 2014 1:34am | Edited 4:03am
wow , today aud wears the crown.
the field is still very fluid.
all can see is aud seems wearing the crown for now.

everyone waiting for wall street open , for action.
so be very nimble esp on size. this unprecedented, so brace for all possibilities.

regards

also be csreful not sell the crosses esp ero csble. Some the name of the parties are LLCs.
whixh explins the strength of aud vis a vis the cable.
  • #45,612
  • Apr 8, 2014 8:24am Apr 8, 2014 8:24am
Inserted Video
Howlin' at the Moon on the Roof
  • #45,613
  • Apr 8, 2014 10:30am Apr 8, 2014 10:30am
Quoting fti
noted cable firming , also Aud. euro i a little . loonie also somewhat firmer against usd. usd/yen also i feel a little . eagle eyeing that chf, have yellow metal reasons to. other than that is 3rd currency option, but is hard to watch too many closely. i focusing majors. HELLO is anyone on thread? vic , can you make some calls to Ny. see if they very ecited or is just a farst.

Chief,

dont have that many contact's out there....will still call around and ask

V
  • #45,614
  • Apr 8, 2014 6:14pm Apr 8, 2014 6:14pm
Quoting indianguyinny24
{quote} Chief, dont have that many contact's out there....will still call around and ask V
noted.
sorry the old pump beeped warning. so i had to take deep rest.
been checking a bit this morning, but no one seems knows swat.
but everyone's watching the irregularities inthe market.
but no one seems able put a finger on it. except that theres a glitch on wall street, technical problem.
  • #45,615
  • Apr 8, 2014 6:18pm Apr 8, 2014 6:18pm
Quoting fti
{quote} noted. sorry the old pump beeped warning. so i had to take deep rest.

btw now a days i think who is selling....bg boyz or big H F T...g e t c o etc .....

did read it ...it was easy money some people made with legal front running... r e g n m s

http://www.amazon.com/Flash-Boys-Wal.../dp/0393244660

V
  • #45,616
  • Apr 8, 2014 6:31pm Apr 8, 2014 6:31pm
Quoting indianguyinny24
{quote} btw now a days i think who is selling....bg boyz or big H F T...g e t c o etc ..... did read it ...it was easy money some people made with legal front running... r e g n m s http://www.amazon.com/Flash-Boys-Wal.../dp/0393244660 V
yes, seems so.
if they front runorder, i guess they will pay.
but is creating lots fiction in many places.
everyone so very spooked now and lack of info isn't helping.

if you get wind of whats the technical problem about, would appreciate.
  • #45,617
  • Apr 8, 2014 6:33pm Apr 8, 2014 6:33pm
Quoting fti
{quote} yes, seems so. if they front runorder, i guess they will pay. but is creating lots fiction in many places. everyone so very spooked now.
i wonder why now lol ...party is already over for these people .....couple of months ago another HFT went for IPO he knew party was over.....i think it was virtu...one trading loss in 1238 days..


http://www.zerohedge.com/news/2014-0...y-1238-days-tr

i feel very happy i was positive last year even with this rigged system ...all thanks to u...

may be the technical problem is the big guys whose order they used to front run have started going to another exchnage...IAX something which has inbuilt delay of 350 mSec...that make any front running impossible for them....

http://www.iextrading.com/

See the video

http://www.heavy.com/tech/2014/04/br...uency-trading/

listen Direct edge and SIP feeds

V
  • #45,618
  • Apr 8, 2014 6:43pm Apr 8, 2014 6:43pm
Quoting indianguyinny24
{quote} i wonder why now lol ...party is already over for these people .....couple of months ago another HFT went for IPO he knew party was over.....i think it was virtu...one trading loss in 1238 days.. http://www.zerohedge.com/news/2014-0...y-1238-days-tr i feel very happy i was positive last year even with this rigged system ...all thanks to u... may be the technical problem is the big guys whose order they used to front run have started going to another exchnage...IAX...

i see, noted.
me has no handle to whats happening in the otherside of the wall.

Yesterday's runs in fx seems a little scary, 1 way volitility.
When i check the wires , is only the regular stuff.
actually was expecting dull month.
but the sway is worrysome.
somethings happening and no one knows what.

Initially i thought was naughty boy in cold dungeon taking advantage of thinness.
If is naughty kid, he gotta be big do this.

I looked at the charts this morning and , hell, there's nothing to analyse.
How isone going analyse a straight line?

regards
  • #45,619
  • Apr 8, 2014 7:22pm Apr 8, 2014 7:22pm
Quoting fti
{quote} i see, noted. me has no handle to whats happening in the otherside of the wall. Yesterday's runs in fx seems a little scary, 1 way volitility. When i check the wires , is only the regular stuff. actually was expecting dull month. but the sway is worrysome. somethings happening and no one knows what. Initially i thought was naughty boy in cold dungeon taking advantage of thinness. If is naughty kid, he gotta be big do this. I looked at the charts this morning and , hell, there's nothing to analyse. How isone going analyse a straight line?...
there is no news either waht i saw around...as u said just some one kept on doing things on straight line ......

how u analyze this...either u ahd flipped or u r in deep rescue....and cut ur losses...

V
  • #45,620
  • Edited 8:31pm Apr 8, 2014 7:53pm | Edited 8:31pm
Quoting indianguyinny24
{quote} there is no news either waht i saw around...as u said just some one kept on doing things on straight line ...... how u analyze this...either u ahd flipped or u r in deep rescue....and cut ur losses... V
actually i saw its beginings, probably whould had follwed the flow.
but surely nee to pee positions, if not know whats driving the trade.


in fact this morning i was looking at the charts. but really have no clues what to do today.
only thing i can think of was usd buying? no not yet.
now really need good reason to initiate that. and most important cautiously even if wanted to try.
but waiting would be better strategy.

this long legs has no body whatso ever. has its momentum run its course yet?
maybe would be better watch when wall street shows hand first.?


regards

fx trading watching the corp money markets.
will it get weirder than this?
I remember the last time i was doing this, was after black october 89.
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