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Technical Analysis Fallacy

  • #46,301
  • May 25, 2014 7:04am May 25, 2014 7:04am
To whom it may concern !!
Interbank Spot Market
The spot market is the one in existence at the moment the spot market maker's quote is supplied. Settlement for the trade done is made within the following two business days. The quote (using the above example of USD/DEM = 1.7500 - 1.7507), as in the case of any bid-offer spread, consists of the prices at which the quoting market maker (the interbank currency dealer) will buy and sell one currency in exchange for the other. The first number in the quote, the bid side (or market maker's purchase price), is the quantity of DEM that the market maker will exchange (sell) for each USD he buys. In other words, the bid price represents the price at which the market maker will 'buy' USD, expressed in DEM and the price at which other market participants can sell USD. Conversely, the second number in the price quotation, the offer (or asking side or market maker's selling price), is the quantity of DEM that the market maker will exchange (buy) for each USD he sells. In other words, the offer price represents the price at which the market maker will sell USD, expressed in DEM, and the price at which other market participants can buy USD.
A market maker's price quote, be it over the phone or on a computer screen will remain unchanged for as long as the dealer feels comfortable with it. Sometimes in a quick market environment this period may only be a few seconds before being changed to a new price quote. The bid-offer quotes stated by market makers are constantly reviewed and updated as those market makers continually reassess their own currency positions and determine whether they wish to be 'better' buyers or sellers of a particular currency that they have the responsibility of quoting. A market maker is considered a "better" buyer of a currency when his bid for that currency is higher than the general market bid rate, and a "better" seller of a currency when his offer is lower than the general market offer rate. The resulting quote reflects the market maker's own attitude toward the market price's current and expected future performance.
The point difference between a bid and an offer is called the price spread and is a measure of the quote's quality. It is also an indication of the depth of the market liquidity for a currency. The narrower the spread, the better the quality and the greater the depth of the market for that currency. A wider spread indicates either greater uncertainty over market conditions or a lack of price liquidity. Wider spreads occur with unexpected news releases or prevail toward the end of market trading hours in a particular geographic area. The spread is analogous to the risk premium for quoting during both normal and volatile market conditions.
Interbank Forward Market
The forward market within the interbank market enables participants to establish at the time of the currency deal, a rate for the exchange of the currencies at some future business value date past the spot date (three business days and beyond). A forward rate is calculated by either adding or subtracting the forward "swap rate" to or from the spot rate for the two currencies being exchanged. Forward swap rates are based on the difference between the Euromarket interest rates for a particular future maturity date of the two currencies involved in the forward transaction. Forward swap rates are typically expressed in points, with one point usually equal to the price unit the currency is traded in (USD/DEM's trade unit is the fourth decimal point - 0.0001). For example, a forward swap rate of 0.0075 would be referred to as 75 points and may represent the interest rate differential between the USD and the DEM for a one-month maturity.
The forward swap points are either added to or subtracted from the spot rate when determining the forward price for the future date desired. To determine whether the forward swap rate is added or subtracted, it is first necessary to decide if one currency is trading at a premium or discount relative to the other in the forward market. This is arrived at by comparing the Euromarket interest rates of the two currencies being exchanged. If the one month Eurorate of one currency (e.g. DEM's Euromark rate) is lower than the Eurorate of the other (e.g. USD's Eurodollar rate) then the USD will be regarded as trading at a discount to the DEM given the European terms quotation method, and the resulting swap points will be subtracted from the USD/DEM spot rate to obtain the forward one month USD/DEM rate. If the one month Euromark rate is higher than the one month Eurodollar rate then the dollar will be trading at a premium and the subsequent swap points will be added to the USD/DEM spot rate to obtain the forward market one month USD/DEM currency dealing rate.
don't predict direction, but dance with flow of water
  • #46,302
  • May 25, 2014 7:16am May 25, 2014 7:16am
Quoting fti
@ Trad8. may I ask you, if you visit aelphi, can you check see if this super reference disc is still have? I no find mine. Listening video not accurate. regards {image}
Hi Chief,
Wah you in a roll? Found so many nice songs. If you can wait, I will check for you. Need it only be that one you showed or any other format will do? There are so many now a days, xrcd, shm, sacd, k2, etc ... all trying to milk your $. Don't ask me to find the 1st polydor pressings har .. 30 yrs too late already

Tell me and I will hoot for u

Regards,
K-b
  • #46,303
  • May 25, 2014 7:44am May 25, 2014 7:44am
Quoting priceaction1
To whom it may concern !! Interbank Spot Market The spot market is the one in existence at the moment the spot market maker's quote is supplied. Settlement for the trade done is made within the following two business days. The quote (using the above example of USD/DEM = 1.7500 - 1.7507), as in the case of any bid-offer spread, consists of the prices at which the quoting market maker (the interbank currency dealer) will buy and sell one currency in exchange for the other. The first number in the quote, the bid side (or market maker's purchase price),...

To ooom it may concern.
all these no concern of mine already. i sadly retarded.
thanks price

regards
  • #46,304
  • Edited 8:24am May 25, 2014 7:48am | Edited 8:24am
Quoting trad8
{quote} Hi Chief, Wah you in a roll? Found so many nice songs. If you can wait, I will check for you. Need it only be that one you showed or any other format will do? There are so many now a days, xrcd, shm, sacd, k2, etc ... all trying to milk your $. Don't ask me to find the 1st polydor pressings har .. 30 yrs too late already Tell me and I will hoot for u Regards, K-b
i think you probably have bigger collection than me.
well at lest is growing, me is shrinking. move here move there lots lost in transit.
show me some goodies hor,
life is getting dang boring.
but i am lucky behind, i have many friends.even many i never net before.
still good friends.
common interest? staying alive.
but i not going put the bee gees clip up.
too much conflicting interested parties.
never know when step on peeps toes.
also need give a though for FF. The accommodating lots OT from us already.

regards

1st bolydoor , no have , have any bootleg pressings?
anyway i used to be audiophile.
Now i audiofart, listening to lossy.: rofl:
  • #46,305
  • May 25, 2014 7:50am May 25, 2014 7:50am
Quoting fti
{quote} To ooom it may concern. all these no concern of mine already. i sadly retarded. thanks price regards
sure it was NOT for chief !! for new tire 1
don't predict direction, but dance with flow of water
  • #46,306
  • Edited 8:51am May 25, 2014 7:57am | Edited 8:51am
Quoting priceaction1
{quote} sure it was NOT for chief !! for new tire 1

was it me wrote that?
was if you not happy with my bid can always lift my offer to cut loss.
i kills me.
Or you can always give my bid more.
no problem, i can always wait ---- bail me out.
OMG, its twinlight zone huh?
no worrys i trancend any zone, I is PRIMARY DEALER.
my word is my bond.

ai ya bad england, WAS, WAS, WAS

As long as you no lock missile on me, within tolerable limits, you may pass.
Long tone and i will splash the bandits hor.

Ai ya, would have , would have.

cannot afford make some foreign kid buy his chocolate bar for $100 can I, just because break the dang line. yesterday was only $10.

anyway i killed so many rioters , can be dubbed hangman already. even nearly killed 1 speculating CB.
sometimes pity those chaps on the other ends of my open market ops for currency owners,but is part of my job descrription hor.

regards
  • #46,307
  • May 25, 2014 8:14am May 25, 2014 8:14am
Quoting fti
{quote} i think you probably have bigger collection than me. well at lest is growing, me is shrinking. move here move there lots lost in transit. show me some goodies hor, life is getting dang boring. but i am lucky behind, i have many friends.even many i never net before. still good friends. common interest? staying alive. but i not going put the bee gees clip up. too much conflicting interested parties. never know when step on peeps toes. also need give a though for FF. The accommodating lots OT from us already. regards 1st bolydoor...
Me no audiophile also lah. Only got my interest back after reading your thread
I think hopefully FF ok. Everyday talk market also boring mah. We dancing to the market, no OT lah.

Let's see what I can find. Keep you posted

Regards,
  • #46,308
  • May 25, 2014 8:17am May 25, 2014 8:17am
Quoting trad8
{quote} Me no audiophile also lah. Only got my interest back after reading your thread I think hopefully FF ok. Everyday talk market also boring mah. We dancing to the market, no OT lah. Let's see what I can find. Keep you posted Regards,
messy buku. (Tank chu.)

regards
  • #46,309
  • Edited 2:05pm May 25, 2014 1:37pm | Edited 2:05pm
someone's talking to me abit.
makes lots sense.

You know my presentation had been over for long time already.
mostly much of the thread is rehashing the old stuff, trying help some nice new chaps who came on thread late.
also enjoying much music. But in a sort of way is also abusive because some the songs not english and without english subs.
and i seems even more cranky than ever before. lacking discipline.
So i thinking , maybe if we want listen nice songs, there other avenues on the internet.

So i like apologise to the ff managers, for the OT activities.
and very thankful for their tolerance thus far.

So guys, if any one have any suggestions, on where we can become radio heads, i am all ears.
As i am a little incapacitated. so don't look at me start any race.

If you chaps can start something, maybe i will tag along for as long as i can keep up.


If there any questions on trade matters can bring up at other places and if useful to help others can be reposted here help our friends here.
What you say?
I really not have aclue how to move forward. You know i am not on the saddle already and won't be useful on trade events.


regards

Ps pls not mistaken, FF said nothing.
Is just some close friends suggested and i think is true.
  • #46,310
  • May 26, 2014 4:21am May 26, 2014 4:21am
Quoting fti
someone's talking to me abit. makes lots sense. You know my presentation had been over for long time already. mostly much of the thread is rehashing the old stuff, trying help some nice new chaps who came on thread late. also enjoying much music. But in a sort of way is also abusive because some the songs not english and without english subs. and i seems even more cranky than ever before. lacking discipline. So i thinking , maybe if we want listen nice songs, there other avenues on the internet. So i like apologise to the ff managers, for the...
fti, my dear sir, from the bottom of my heart, thank you.
  • #46,311
  • Edited 11:24am May 26, 2014 4:40am | Edited 11:24am
Quoting appleboy
{quote} fti, my dear sir, from the bottom of my heart, thank you.



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regards
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  • #46,312
  • May 26, 2014 5:09am May 26, 2014 5:09am
Quoting fti
someone's talking to me abit. makes lots sense. You know my presentation had been over for long time already. mostly much of the thread is rehashing the old stuff, trying help some nice new chaps who came on thread late. also enjoying much music. But in a sort of way is also abusive because some the songs not english and without english subs. and i seems even more cranky than ever before. lacking discipline. So i thinking , maybe if we want listen nice songs, there other avenues on the internet. So i like apologise to the ff managers, for the...

hey fti, for now, what has came to me head is a private forum. pro of private forum is mainly content not restricted and easy regulation over members. cons is need some fund to buy hosting space and need volunteer to admin, maintain forum & provide technical support. me is ok to volunteer to be admin/maintain forum & provide technical support. so need find someone spend some pips for hosting space.

however, will be on lookout to see any free sites out there we can use
THE ALL is MIND; The Universe is Mental
  • #46,313
  • Edited 5:36am May 26, 2014 5:15am | Edited 5:36am
Quoting Jacque
{quote} hey fti, for now, what has came to me head is a private forum. pro of private forum is mainly content not restricted and easy regulation over members. cons is need some fund to buy hosting space and need volunteer to admin, maintain forum & provide technical support. me is ok to volunteer to be admin/maintain forum & provide technical support. so need find someone spend some pips for hosting space. however, will be on lookout to see any free sites out there we can use
reinvent wheel? then make proprietary? pips no problem , but to what end?
I have private club memberships to many clubs, but most enjoyable times was when i camping in the wild.
make private club then some underground activities will brew inside.
excuse me do you have bird hunting licences.
no, but that bird ate my dog.


regards

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  • #46,314
  • Edited 5:37am May 26, 2014 5:25am | Edited 5:37am
Quoting fti
{quote} reinvent wheel? then make proprietary? pips no problem , but to what end? I have private club memberships to many clubs, but most enjoyable times was when i camping in the wild. regards
intention is not reinvent wheel, is to find easy way out.. however, private forum oso have many problem and evils which me dont wish think about it.

agree lah, mother nature is best

maybe this

http://www.musicbanter.com/

btw, if no want make private oso can, just make public and is special - because can discuss anything under sun. name it fti radio forum?
THE ALL is MIND; The Universe is Mental
  • #46,315
  • Edited 6:47am May 26, 2014 5:45am | Edited 6:47am
Quoting Jacque
{quote} intention is not reinvent wheel, is to find easy way out.. however, private forum oso have many problem and evils which me dont wish think about it. agree lah, mother nature is best maybe this http://www.musicbanter.com/ btw, if no want make private oso can, just make public and is special - because can discuss anything under sun. name it fti radio forum?
anything? ai yo, thats what i worry la.
you know, i have reasons go work in a bank,could had started own business instead.
But after seeing what Dad went thru when running em. I thought to myself,dang, i not going have time do things i love.
So i made deals with Big boys, free hand , otherwise i exercise escape clause.
But freehand didn't meant i can do anything i like. Freehand with common goals.
but i learned, sometimes is difficult, things can change.
sometimes what we create ends up becomes things one not like.
Some, one cannot even recognise after some time.
Esp after it becomes too BIG.
Normally sharks moved in.

I guess is one of the reasons why many peeps like trading markets.
The Inventory logistics is light. There little infrastructure buildup suffer domino effects.


regards


just thought about ChenJia. She's very kind singer. Seen the Big stages.
now makes self made MVs. And is getting very high end. Better than some professional endevours, i think.
she has skills equal to Teresa. But she has something even more valuable. Choice.(freedom)
And for now she has most important resource, youth & health.

Thinking back.
i had 1 great boss. we made deal , i do what i do best. He provides unquestioning support.
i always worked above the politiks.
Then 1 day the corp sold off in hostile take over (merger)at HQ levels.
his advise for me. I sorry won't be there anymore.
so i went took briefcase went into head hunter world. Manage restore my status elsewhere, but is different.
i guess if you develop real skills, freedom is always a choice available.
Talk about that. they even tried block me. Invoke no change corp 6 months fallow rule.
So took 6 months holiday travelled visted friends everywhere.

some rules made by very sick people. but i guess they not know that they very sick.
  • #46,316
  • May 26, 2014 7:03am May 26, 2014 7:03am
Quoting fti
{quote} anything? ai yo, thats what i worry la. you know, i have reasons go work in a bank,could had started own business instead. But after seeing what Dad went thru when running em. I thought to myself,dang, i not going have time do things i love. So i made deals with Big boys, free hand , otherwise i exercise escape clause. But freehand didn't meant i can do anything i like. Freehand with common goals. but i learned, sometimes is difficult, things can change. sometimes what we create ends up becomes things one not like. Some, one cannot...
yes, me no like politiks too, one of the reasons why me gone into trading. everywhere ther is big group of humans ,always have politicks. when group gets even bigger, becomes split into many camps, take sides and fite. same everywhere, forum, private forums, clubs, company, big families, aiya everywhere wher there is humans but cant be help. at end of day, me think all these mostly borne out of peeps's natural instinct - just trying to survive? have food,shelter, and a little pleasure. of course some have it more than others, the character of life is inequal by default, its a pyramid structure, pi strcture? oppps nono, mother nature is phi structure

actually me is humans too, me need need repent lots... but if its only me repent, what good is there? ok maybe good for me mindset and pay for the original sin
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THE ALL is MIND; The Universe is Mental
  • #46,317
  • Edited 11:52am May 26, 2014 7:14am | Edited 11:52am
Quoting Jacque
{quote} yes, me no like politiks too, one of the reasons why me gone into trading. everywhere ther is big group of humans ,always have politicks. when group gets even bigger, becomes split into many camps, take sides and fite. same everywhere, forum, private forums, clubs, company, big families, aiya everywhere wher there is humans but cant be help. at end of day, me think all these mostly borne out of peeps's natural instinct - just trying to survive? have food,shelter, and a little pleasure. of course some have it more than others, the...


wahhhhhh, this lovely.billions applause.
enjoy.

Inserted Video


regards
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  • #46,318
  • May 26, 2014 7:34am May 26, 2014 7:34am
Quoting fti
{quote} wahhhhhh, this lovely. enjoy. http://www.youtube.com/watch?v=tuxuL5mDyvI regards
very lovely indeed!
THE ALL is MIND; The Universe is Mental
  • #46,319
  • Edited 8:58am May 26, 2014 8:31am | Edited 8:58am
Quoting Jacque
{quote} very lovely indeed!
by the way, do you understand the lyrics of the lovely song?
The name of the song is "If humans can be eternal"

regards
  • #46,320
  • May 26, 2014 9:08am May 26, 2014 9:08am
Quoting fti
{quote} by the way, do you understand the lyrics of the lovely song? The name of the song is "If humans can be eternal" regards
unfortantely me understand certain portions only... how about helping with the interpretation?

明月几时有? 把酒问青天
When is there, the bright moon? Held up wine cup and ask the heavens

不知天上宫 今夕是何年?
---- , what year is this evening?

我欲乘风归去 唯恐琼楼玉宇

高处不胜寒 起舞弄清影 何似在人间?

转朱阁 低绮户 照无眠

不应有恨 何事长向别时圆?
there shouldnt be hate, ----

人有悲欢离合 月有阴晴圆缺
Man has sadness, happiness, part & unite. The moon has darkness, brightness, roundness & off round

此事古难全

但愿人长久 千里共婵娟
THE ALL is MIND; The Universe is Mental
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