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Technical Analysis Fallacy

  • #46,601
  • Edited 10:22am Jun 6, 2014 10:06am | Edited 10:22am
Quoting Jacque
{quote} Thanks for sharing I m just back from jungle training. Hope all is good with everyone! Was just abt to ask where the offer.. Lol Let me try make price.. this new product, no precedence yet 50/150

yours
i gave free la 00/02 for cut loss.
now 01/03

caught 1 swimming fish bid 50


ok ok friendly for you 05/07

04/06
so slow

03/05

00 choice

oooi choice price leh
surely you must want do something.
what markets choice price also nothing?

00/00 your choice.

careful hor.
choice price no deal is unfriendly hor.

try leh
if you take 00 can average cost your boo boo.

if i go negetive rates you faint hor

but i not stupid hor.
pay you to take positions?
next life maybe.

if you have to pay me depo with me. maybe is better you keep in pillow for next generation use.

regards
  • #46,602
  • Jun 6, 2014 10:20am Jun 6, 2014 10:20am
Quoting fti
{quote} yours i gave free la 00/02 for cut loss. now 01/03 caught 1 swimming fish bid 50 ok ok friendly for you 05/07 04/06 so slow 03/05 00 choice oooi choice price leh surely you must want do something. what markets choice price also nothing? regards
Wah choice px 00?? So now I become sucker?!
Hmm.. Me check blotter, kena hit 1 at 50.
Okok, mine at 00 whatever you have.

00/01
THE ALL is MIND; The Universe is Mental
  • #46,603
  • Edited 10:36am Jun 6, 2014 10:24am | Edited 10:36am
Quoting Jacque
{quote} Wah choice px 00?? So now I become sucker?! Hmm.. Me check blotter, kena hit 1 at 50. Okok, mine at 00 whatever you have. 00/01
ok done 500 million

00 bid
100 mio.

call out!!!, call trad8 for 1 yard.
tell him i need cover my behind. taken large at 00

i trading -98/00
how his market?
market have 00 bid
is me
sucker is very very long
from 00 to on top
suspect his cost above 10

ooi how you deal trad8

hihi friend trad8 how you deal pls?
  • #46,604
  • Jun 6, 2014 10:35am Jun 6, 2014 10:35am
Quoting fti
{quote} ok done 500 million 00 bid 100 mio. call out!!!, call trad8 for 1 yard. tell him i need cover my behind. taken large at 00 i trading -98/00 how his market? market have 00 bid is me sucker is very very long from 00 to on top
wah missed the choice px ... now waiting for reverse quote ....

like some peeps put depo still need pay out $ instead of earning %

where's everyone else? looks like 3 of us making mkt only?

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Regards,
  • #46,605
  • Jun 6, 2014 10:38am Jun 6, 2014 10:38am
Quoting trad8
{quote} wah missed the choice px ... now waiting for reverse quote .... like some peeps put depo still need pay out $ instead of earning % where's everyone else? looks like 3 of us making mkt only? http://www.youtube.com/watch?v=zbNUpQvabgc Regards,

price pls my friend.
i lost some @50, lots @00

may i have price 1 yard pls
can you pls make me sexy price?


(try make me -98/00 i show you what to do)
  • #46,606
  • Jun 6, 2014 10:40am Jun 6, 2014 10:40am
Quoting fti
{quote} yours i gave free la 00/02 for cut loss. now 01/03 caught 1 swimming fish bid 50 ok ok friendly for you 05/07 04/06 so slow 03/05 00 choice oooi choice price leh surely you must want do something. what markets choice price also nothing? 00/00 your choice. careful hor. choice price no deal is unfriendly hor. try leh if you take 00 can average cost your boo boo. if i go negetive rates you faint hor but i not stupid hor. pay you to take positions? next life maybe. if you have to pay me depo with me. maybe is better...

good music! hehe


on quote, i did not understand that, what were you referring to ?
Fall in love with the process, and the outcome takes care of itself.
  • #46,607
  • Jun 6, 2014 10:43am Jun 6, 2014 10:43am
Quoting RelaxRay
{quote} good music! hehe on quote, i did not understand that, what were you referring to ?
jacque is long @50
bought another 500 mio at 00.
so his blotter is long somewhere between 00and 50
  • #46,608
  • Jun 6, 2014 10:44am Jun 6, 2014 10:44am
Quoting RelaxRay
{quote} good music! hehe on quote, i did not understand that, what were you referring to ?
jacque is long @50
bought another 500 mio at 00.
so his blotter is long somewhere between 00and 50

now i calling trad8 because he showed 50 bid earlier.
told him i very short at 50 and 00

so i asking him price for 1 billion
  • #46,609
  • Jun 6, 2014 10:45am Jun 6, 2014 10:45am
Quoting fti
{quote} price pls my friend. i lost some @50, lots @00 may i have price 1 yard pls can you pls make me sexy price? (try make me -98/00 i show you what to do)
Hi Chief,

Sorry to missed the choice px ... peeps ... I was told it is very very rude to pass a choice px

When you ask for a px, means you are interested to deal. It is ok pass a 2 way px but never a choice px. Give u a bad name.

To make up... ok lah for 1 yard

-98/00 (... what tricks u have har? )

Regards,
  • #46,610
  • Jun 6, 2014 10:47am Jun 6, 2014 10:47am
hahah, this is very, chim. is this a game?
Fall in love with the process, and the outcome takes care of itself.
  • #46,611
  • Jun 6, 2014 10:47am Jun 6, 2014 10:47am
Quoting trad8
{quote} Hi Chief, Sorry to missed the choice px ... peeps ... I was told it is very very rude to pass a choice px When you ask for a px, means you are interested to deal. It is ok pass a 2 way px but never a choice px. Give u a bad name. To make up... ok lah for 1 yard -98/00 (... what tricks u have har? ) Regards,
mine
  • #46,612
  • Jun 6, 2014 10:49am Jun 6, 2014 10:49am
so now trad8 short 1 billion @00

i long 00 , jacque very long above fig.

( ok trad8 you very short)
(go market and bid 00 )
  • #46,613
  • Jun 6, 2014 10:51am Jun 6, 2014 10:51am
Quoting fti
{quote} mine
shit ... ! you really stuff me ... now I sweating
wait a minute ? 1 yard korean won? ... heng ah

Regards,

That reminds me ... when I was serving kopi nong nong time ago, there was a trainee dealer.

Chief ask him what is his view on USD?

He say he is bearish dollar.

Chief immediately buy 10 dollar from him and walk off for supper. He left some call levels with him and reminded him not to burst his open position limits was 2 dollar before waking off.

Question:- Should the trainee keep to his view and should he follow the same view of the Chief?
  • #46,614
  • Edited 11:09am Jun 6, 2014 10:52am | Edited 11:09am
Quoting trad8
{quote} shit ... ! you really stuff me ... now I sweating wait a minute ? 1 yard korean won? ... heng ah Regards,
no la you bailing me out.
i show you how to escape.
you suppose go brokers bid 00

I will sell you 100 mio @ 00 5x
then market will report 00 given large.
then jacque will need cut otherwise his cost above 00 and size will kill his book.

this called scratching.
jack break even his 500 mio @00
but his 1 mio at 50 is deep dead in water.

is because i know where market is.
he didn't, but made a price,
so now he caught .

can understand?

is my market.
I put song out was free.
so i know where market.
he enthusitic because saw trad8 bid 50
so i had choice which fish to catch.
after i caught him at 50 long
i shaded market to where i know it is
and jacque not so clever , he averaged and fought me.

so i showed muscle.
and he would be deep dead in the water.
because he had bias.

and trad8 and me would had moved maarket to 00
so he gonna need find bigger muscle than me get out of his position.

This just example how bias trader can gets killed.
  • #46,615
  • Edited 11:43am Jun 6, 2014 11:13am | Edited 11:43am
Quoting trad8
{quote} shit ... ! you really stuff me ... now I sweating wait a minute ? 1 yard korean won? ... heng ah Regards, That reminds me ... when I was serving kopi nong nong time ago, there was a trainee dealer. Chief ask him what is his view on USD? He say he is bearish dollar. Chief immediately buy 10 dollar from him and walk off for supper. He left some call levels with him and reminded him not to burst his open position limits was 2 dollar before waking off. Question:- Should the trainee keep to his view and should he follow the same view of...
Absolutely must follow own feel.
his boss is not God.
and althought same book. but is not same managed.

In fact his boss just testing him.
the net book is squared.
his boss gave him short usd postion.
who knows what his boss blotter is like.
could be short 100 mio. gave him 2% share manage the 100 mio net short book.
so he short 2 mio. his boss short 98 mio.

during his shopping his boss only need call him about the 2 mio short position and can gauge what happening to the 98.

if he squared the 2 mio, then if his boss trust him , would know sentiment not so bearish.

sometimes whole room can be short but room is long because i is long.
and i 100X larger than anyone.

and if i is long and room turned from short to long.
then we become very very long. best trades.

if every dealer has the same outlook, would have very high chance room in good.

If I is short and room is long.
then loss is minimal.
you see room is actively managing.
boss is actively drinking kopi outside. while having bias.

so if boss is dead in water, room should compensate , and boss need stop drinking kopi and come to desk.
if both room and boss is same positions. can stay out drinking more kopi lor.

room not only means spot.
means spot, derivatives , TMU, ....... depends how large the room.

Bosses always have 1 page read on full net room exposures always. Why you think they spend millions on IT.
i used have books all over the place. Still can get read of net cumulative exposure.
Most important is net customers exposures, dealers , they normally net squared end of their shift.

only position dealers would have overnight carry, and thats a drop in the ocean comparative to book.

regards
  • #46,616
  • Jun 6, 2014 11:40am Jun 6, 2014 11:40am
"if both room and boss is same positions. can stay out drinking more kopi lor."
can get kaya toast also lor. more time, eat more full.. yakun more $

hhahah !
Fall in love with the process, and the outcome takes care of itself.
  • #46,617
  • Jun 6, 2014 11:44am Jun 6, 2014 11:44am
No wonder they nickname the one sitting in the room "iron balls"

But sometimes I stand next to his urinal and peep ... looks quite normal leh? why got this nickname har ?
  • #46,618
  • Edited 12:45pm Jun 6, 2014 11:46am | Edited 12:45pm
Quoting trad8
No wonder they nickname the one sitting in the room "iron balls" But sometimes I stand next to his urinal and peep ... looks quite normal leh? why got this nickname har ?
iron balls have many types.
but some rust. i seen some cracked.
I always polish my steel.

ai yo you peeping his privates?
naughty boy. cannot be seen, only felt.

some seems very mundane , then one learns , wah balls of steel.
don't ever try judge book by cover.

I not sure but i heard now have titanium ones.
But where impact? I not feel in markets .
still i trust the old dogs more. but i out of circle already, so don't listen to me only.
there's lots in markets. and mostly everyone trying avoid radar.
Only 1 fool writing thread. trying to leave it behind.

regards
  • #46,619
  • Jun 6, 2014 12:16pm Jun 6, 2014 12:16pm
Quoting RelaxRay
"if both room and boss is same positions. can stay out drinking more kopi lor." can get kaya toast also lor. more time, eat more full.. yakun more $ hhahah !

on the dot. on the dot.
i think term is, right on. or was it ride on?

regards.
  • #46,620
  • Jun 6, 2014 12:28pm Jun 6, 2014 12:28pm
Quoting fti
{quote} iron balls have many types. but some rust. i seen some cracked. I always polish my steel. ai yo you peeping his privates? naughty boy. cannot be seen, only felt. some seems very mundane , then one learns , wah balls of steel. don't ever try judge book by cover. I not sure but i heard now have titanium ones. But where impact? I not feel in markets . still i trust the old dogs more. but i out of circle already, so don't listen to me only. there's lots in markets. and mostly everyone trying avoid radar. Only 1 fool...
Hi Chief,

Those that do not know the treasure here is a greater fool. Need the Thank you again!

Need to khoon now. You know my routine lah .... Goodnite!

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Regards,
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