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Technical Analysis Fallacy

  • #45,621
  • Apr 8, 2014 8:57pm Apr 8, 2014 8:57pm

was resting.
just a mom ago flashed on my screen .
pls update flash.

i went give it a rest already.
its already disabled? no?
oh was chrome. ai ya this naughty googoo.


regards
  • #45,622
  • Apr 8, 2014 9:02pm Apr 8, 2014 9:02pm
Quoting fti
{quote} 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.
Hi Chief,
If I could ask how to monitor mm for retail guys? Any market data easily available and what to look out for?
Many thanks
  • #45,623
  • Apr 8, 2014 9:04pm Apr 8, 2014 9:04pm
Quoting trad8
{quote} Hi Chief, If I could ask how to monitor mm for retail guys? Any market data easily available and what to look out for? Many thanks

monitor mm? what you think they stupid? allow you monitor them?
the mms not even know where they going make the next price, and you want to monitor them?
might as well they show you their blotters.

why don't you monitor your own blotter properly instead?

ok ok here's how monitor them mm.
you bring about 10 yard usd
kepp hitting their bids, then you can see they keep sliding price.
thats what you wanted, right?

if you keep lifting their offers , surely they slide up.
that easiest way monitor mms.
otherwise join nsa.



regards
  • #45,624
  • Apr 8, 2014 9:17pm Apr 8, 2014 9:17pm
Hi Chief, sorry that is not what I meant. I was not sure what you are refering in your last statement about fx trading watching corp mm. Hence I though you are sensing something happening in the markets.

Me still 10% thru the whole post. No blotter yet. Let me get back to my books and post first. Thanks
  • #45,625
  • Edited 9:36pm Apr 8, 2014 9:19pm | Edited 9:36pm
Quoting trad8
Hi Chief, sorry that is not what I meant. I was not sure what you are refering in your last statement about fx trading watching corp mm. Hence I though you are sensing something happening in the markets. Me still 10% thru the whole post. No blotter yet. Let me get back to my books and post first. Thanks
that's ok
you mis understood.
i said while watching corp money markets.
what do you think the equities and stock market is?
is the corp papers markets. you understand? loans, borrowers, funds?
they compete with treasury money markets for funds.
treasury mm = bills, bonds, overnights, libor (london), ginnie may, freddie mac(but ginnie and freddie a little crripled after the burst)?
but i don't think any investor carry their corp papers 30 years yet.
if have i no knowledge of it.

regards

terminology.
mm= market maker
mm=money management
mm=money markets.

is can be used interchangably when suits.
  • #45,626
  • Apr 8, 2014 9:45pm Apr 8, 2014 9:45pm
Hi Chief,
Got it , thanks for elaborating on that.
I think for me, I will just KISS as me not there yet.

ps:- so glad to be out of moderation . every newbie in FF seems need to be on moderation for the first few post
  • #45,627
  • Apr 8, 2014 9:47pm Apr 8, 2014 9:47pm
Quoting trad8
Hi Chief, Got it , thanks for elaborating on that. I think for me, I will just KISS as me not there yet. ps:- so glad to be out of moderation . every newbie in FF seems need to be on moderation for the first few post
i see.
probably is to prevent peeps start new accounts talk all sorts rubbish.
I guess some peeps profiles becomes so damaged. they start new accounts carry on their craziness.

are you a pro trader?


regards
  • #45,628
  • Edited 10:29pm Apr 8, 2014 10:13pm | Edited 10:29pm
Quoting fti
{quote} are you a pro trader? regards
me? I don't consider myself one!
While reading your post it did bring back lots of good memories
I manage to witness the pro traders in a tier-1 dancing back in the late 80's for a short stint...
UnLike you, I was at the other side of the food chain!

Do you remember during the good days, you had telex operators surrounding you and position keepers helping around your blotters and trades?
I was a position clerk then and well ... didnt regret being one as it was really an eye-opener to see you guys in action!

It was really a mad-house when battles are fought ... whahaha ... especially when you guys start shouting "CALL!" "CALL!"
I have move on since doing all sorts of "kopi-boy" stuff but spot fx is still very close to my heart!

Cheers
  • #45,629
  • Apr 9, 2014 12:38am Apr 9, 2014 12:38am
Quoting fti
{quote} 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...

sorry chief,

i am again hit and run....go long AUD ...not happening for me...short is better but wise be doing hit and run ....try not to get in that habit......

V
  • #45,630
  • Apr 9, 2014 12:43am Apr 9, 2014 12:43am
Quoting indianguyinny24
{quote} sorry chief, i am again hit and run....go long AUD ...not happening for me...short is better but wise be doing hit and run ....try not to get in that habit...... V
yes vic, when relationships not strong, no stay too long.
small gains are ok on days like that.


regards
  • #45,631
  • Edited 1:01am Apr 9, 2014 12:48am | Edited 1:01am
Quoting trad8
{quote} me? I don't consider myself one! While reading your post it did bring back lots of good memories I manage to witness the pro traders in a tier-1 dancing back in the late 80's for a short stint... UnLike you, I was at the other side of the food chain! Do you remember during the good days, you had telex operators surrounding you and position keepers helping around your blotters and trades? I was a position clerk then and well ... didnt regret being one as it was really an eye-opener to see you guys in action! It was really a mad-house...
ahhhh, so you had been there.
than all these stuff shouldn't be difficult for you cut thru.

yes, phone days,telex days, then phone, telex and reuter consoles, then phone, telex ,reuter consoles, teletrate.......................
didn't make to dealing?
can you sum up blotter on calculator without looking at punch keys working at supercalculator speeds?
later we had supercalc blotters.

nevermind now only need computer and deal for self is ok.
same stuff. except now no need call out. they sitting ducks.but for size still need good(sparing) friends.

regards
  • #45,632
  • Apr 9, 2014 1:50am Apr 9, 2014 1:50am
Quoting fti
{quote} can you sum up blotter on calculator without looking at punch keys working at supercalculator speeds? later we had supercalc blotters. nevermind now only need computer and deal for self is ok. same stuff
Yes! During those times we had cal with printing rolls on them so that even we dont look at the keys, that can be the fall back to check. Sometimes after cal the whole blotter, I cannot even make out the average cost cos the big figure is not recognisable ... imagine those guys had a good field day and is up half a buck and left a scout running close to end of the day .... then you would understand what kind of big figure will be on the average cost of the scout
  • #45,633
  • Apr 9, 2014 2:22am Apr 9, 2014 2:22am
FTI

so still fighting ...
not convince by all the litterature about market structure ( forex only) , as a peep ... can i ask a dumb question ? (normally my peep status should authorize this )

so the question is :

when price of eurusd is going up lets say 35 45 pips ... is it because of the" buyers" buying or the sellers not selling (in fact the sellers are waiting higher prices to get filled ....) or simply not there is more buyers than sellers so price is going up ..?

i know it looks like a lot chicken or eggs stuff .... but if someone could help ... i'm not looking at a pdf from a lowlife trader trying to make a living from peeps like me ....

Thank's in advance for your goodwil ...

Landsat
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #45,634
  • Apr 9, 2014 3:07am Apr 9, 2014 3:07am
Quoting trad8
{quote} Yes! During those times we had cal with printing rolls on them so that even we dont look at the keys, that can be the fall back to check. Sometimes after cal the whole blotter, I cannot even make out the average cost cos the big figure is not recognisable ... imagine those guys had a good field day and is up half a buck and left a scout running close to end of the day .... then you would understand what kind of big figure will be on the average cost of the scout
with a handle cushion to play with. and a book the size of a mountain. would be little fear.
just need manage a little grap some extra pocket change i guess.
all in a days work.

regards
  • #45,635
  • Edited 3:56am Apr 9, 2014 3:13am | Edited 3:56am
Quoting landsat
FTI so still fighting ... not convince by all the litterature about market structure ( forex only) , as a peep ... can i ask a dumb question ? (normally my peep status should authorize this ) so the question is : when price of eurusd is going up lets say 35 45 pips ... is it because of the" buyers" buying or the sellers not selling (in fact the sellers are waiting higher prices to get filled ....) or simply not there is more buyers than sellers so price is going up ..? i know it looks like a lot chicken or eggs stuff .... but if someone could help...
dum questions time already.
ya would be hard to tell.
if prices slinding up, should be mm's long looking to square out.
but this not exact science.
the fluctuaions may give a peep at how everyone's book looking.
but things can change in a bash of an eyelid.

The structure of the markets is not easy to understand unless one had been in these kinds battlefields before.
Generally can feel the pulse of the pops and get some ideas of whats happening.
Sometimes could be dead wrong. but is essential to walk out of room alive. so one would need have lots tricks in the bag, deal with situations.

Markets alike humans they have moods.
Just need screen time experience on the basic body language of the flows.
sometimes they very urgent, and need run to the John. if you get the drift.

example , like now , everyone's nervous.
anyone crys wolf and we may get stampede.

now the price levels don't matter so much.
is the sentiment of the undercurrent..

basically the structure is that the market has regulators who looks after the interst of international trade.
this because this markets prices are the basis whereby country trades goods and services with one another.
then ther is the market makers.
and these have very big pots to play with. so that markets are steady.
if this was left to traders, the markets prices would be all over the place.
so need to learn what markets makers are feeling and whats driving the flows.
the electronic bunch these days they mostly feel what they feeling and being opportunist only.
so if not in sync with what markets feelings can put one in deep holes.

this very hard to explain.

you know the ego stuff.
mine is BIG. They feel like that then it won't be BIG for very long.
mine has lines. and after a while they not know if their lines are coming or going.
Worst of the lot are the ones who think they had mastered art of fortune telling.
These normally not last long, but somehow there's always new shipment of these crystal balls.
But is ok, there's what's feeding everyone. But sometimes i feel the pain when see the uninitiated, brings their small little life savings and feed everyone.


regards
  • #45,636
  • Apr 9, 2014 4:54am Apr 9, 2014 4:54am
Quoting NikolaFX
@FTI I start to read you thread,and it's great.I'm just at the beginning of this thread (on page eight LOL - I'm still in 2007 year ) .I think it will take more than a year to read all stuffs from,but it worth.Really good explanations (for now).I can't wait to read it to the end .Cheers.Also Merry Christmas to y' all !! @Zoran Mi ne slavimo,ali i nas ce uskoro !
Hi FTI,
after year and half or so I'm here.
Just want to salute you and thanks for great stuffs.
This thread was a turning point for me and my trading I guess.
All the best.
  • #45,637
  • Apr 9, 2014 6:06am Apr 9, 2014 6:06am
Quoting NikolaFX
{quote} Hi FTI, after year and half or so I'm here. Just want to salute you and thanks for great stuffs. This thread was a turning point for me and my trading I guess. All the best.
you're welcome.

regards
  • #45,638
  • Apr 9, 2014 7:38am Apr 9, 2014 7:38am
Hi guys, long time no see,

HFT are a problems I think, if given enough HFTs come into the markets, and their collective actions are not analysed properly, we may run into problems like the flash crash of 2010. HFTs are algorithms after all, no rationality or any sort, and no robots can trade the markets properly, if they have to crash the markets to do an order, they most probably will, given the in-efficiency of them being unable to model other robots' actions. The potential problem lies in the chain of causality when multiple robots start to try to take each other down and in doing so, bring the market as a whole down too.
  • #45,639
  • Edited 8:19pm Apr 9, 2014 7:46pm | Edited 8:19pm
Quoting CookieMonsta
Hi guys, long time no see, HFT are a problems I think, if given enough HFTs come into the markets, and their collective actions are not analysed properly, we may run into problems like the flash crash of 2010. HFTs are algorithms after all, no rationality or any sort, and no robots can trade the markets properly, if they have to crash the markets to do an order, they most probably will, given the in-efficiency of them being unable to model other robots' actions. The potential problem lies in the chain of causality when multiple robots start to try...



is a wonderful morning.
Had been sitting listening all the birds singing in the tree.
What an orchestra.


yes, those speeding should be issued speeding tickets.
i would think is not the frequecy of trades that may be the problem.
but if the viruses lock on the main artery of trades. and piranna's everything that goes on the ticker.then possibility block and choke the host to death.
is very hostile manner arbitrage everything. no?


regards

i see on charts another bouth of orgasmic trading jerk.
must be getting very scary illiquid.

am thinking.
that right inverted daily cable shoulder, seems may be reaching objective already.
funny that the inverted right daily euro shoulder is very lop sided?
  • #45,640
  • Apr 9, 2014 8:12pm Apr 9, 2014 8:12pm
Hi fti,

Glad you are enjoying the morning

Came across a security flaw that even caused oanda to make everyone change their passwords
The bug is called heartbleed. Scary what people resort to just to steal these days.

Sent from mobile, the quote and all not working
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