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Technical Analysis Fallacy

  • #47,481
  • Jun 20, 2014 4:30am Jun 20, 2014 4:30am
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  • #47,482
  • Jun 20, 2014 4:40am Jun 20, 2014 4:40am
this time I try dragon!!!! gbp/jpy. @174.01.
don't predict direction, but dance with flow of water
  • #47,483
  • Edited 5:37am Jun 20, 2014 4:56am | Edited 5:37am
see how mm trying?

all those sold last 15 mins now is shivering.
i waiting he rally.
come whac the mole.

regards

common show 1.3600 bid?

come
only can bully retail?
come
no balls?

maybe he thinking trade 75/95 until ny closing.

come give my 75
i can take lots more.

no balls then go back up to 95
  • #47,484
  • Edited 5:23am Jun 20, 2014 5:06am | Edited 5:23am
Quoting fti
see how mm trying? all those sold last 15 mins now is shivering. i waiting he rally. come whac the mole. regards common show 1.3600 bid? come only can bully retail? come no balls?
ok time out!!
don't predict direction, but dance with flow of water
  • #47,485
  • Jun 20, 2014 5:11am Jun 20, 2014 5:11am
Dear fti,
When reference is made to Market Makers, do u mean the tier 1 /2 /3 banks that make the interbank spot fx markets ?
So they quote wider and they have their own counter parties eg, multi national corporates / other banks / funds / prop firms that take their prices.
They spin their own technical patterns (to their own clients) at a top tier level (possibly at higher time frames?)

Then when the market trickles down to the lower tiers or retail market makers (which process the unmarketable tickets, and thankfully provide a mirror to the real markets for the retails and provide sexy tiny spreads for us ) , the lower tiers then spin their own technical patterns (to us retail traders) , possibly at the lower time frames.

Time is of no essence as the different market makers have different time horizons to play out their campaigns.
They try not to step on each others toes while working towards their objectives.
Speculators and Manipulators (traders that are trying to skew prices in order to create arbitrage opportunities) might get caught if they are not well capitalized / exercise poor risk management / take excessive risks.

Rouge unscrupulous micro brokers (buckets) just leverage the hell out of their clients and then spike them out of the water.

i get the feeling that to be profitable as retail traders we need to think and feel the tier 1 market makers.
However, if all we can do is to play price discovery and spar and play bargain w the retail market makers (who doctor with the charts we r looking at to begin with), we will have to be very nimble to survive and thrive.

Battlestations !

# sorry, i'm blabbering a little.... just thinking aloud ....

if my understanding is not right, feel free to bring out the artillery and correct me.
  • #47,486
  • Edited 5:24am Jun 20, 2014 5:12am | Edited 5:24am
5M DDZ?? NO it penetrate in 90-86 zone!!!!!
don't predict direction, but dance with flow of water
  • #47,487
  • Edited 5:33am Jun 20, 2014 5:14am | Edited 5:33am
hmm i feel river flowing south for euro...main troop enter..split half

edit : out 8:32pm..friday night drinks! cheers
  • #47,488
  • Jun 20, 2014 5:33am Jun 20, 2014 5:33am
ok time out .3570 knife worked.
don't predict direction, but dance with flow of water
  • #47,489
  • Edited 6:03am Jun 20, 2014 5:50am | Edited 6:03am
another one!!!in @3578 time out !!!!!
don't predict direction, but dance with flow of water
  • #47,490
  • Jun 20, 2014 5:55am Jun 20, 2014 5:55am
Quoting appleboy
Dear fti, When reference is made to Market Makers, do u mean the tier 1 /2 /3 banks that make the interbank spot fx markets ? So they quote wider and they have their own counter parties eg, multi national corporates / other banks / funds / prop firms that take their prices. They spin their own technical patterns (to their own clients) at a top tier level (possibly at higher time frames?) Then when the market trickles down to the lower tiers or retail market makers (which process the unmarketable tickets, and thankfully provide a mirror to the real...
No No,

primary market makers, the prices not much concerned for them.
They always have peeps calling them for deals.
normally its the tierless like make all sorts comotions.
esp broking.

for upper tiers they have business everywhere.
large tickets.
if they gets agitated by small potatoes manipulation then they will flex muscles.
otherwise they only make prices when called.
and for large large tickets.
For high tiers, can hardly move their prices with less that 1 billion usd.
So big boys not much make patterns.
is the small farts do the charts.

Big boys call each other in 50 mio 100 mio sparing.
they make markets where their book is .

For big boys , you call them for 5 mio usd price , also they think you a nuisance.
where they will make you running prices.
You call them 1 time they make nice price for you deal.
you thanks nothing.
next time you call , they may not even take your call.




regards
  • #47,491
  • Jun 20, 2014 6:05am Jun 20, 2014 6:05am
Got it.
Thanks so much fti.
Back to markets.
  • #47,492
  • Jun 20, 2014 6:08am Jun 20, 2014 6:08am
Quoting fti
{quote} No No, primary market makers, the prices not much concerned for them. They always have peeps calling them for deals. normally its the tierless like make all sorts comotions. esp broking. for upper tiers they have business everywhere. large tickets. if they gets agitated by small potatoes manipulation then they will flex muscles. otherwise they only make prices when called. and for large large tickets. For high tiers, can hardly move their prices with less that 1 billion usd. So big boys not much make patterns. is the small farts do the charts....
thanks for sharing sir!
pardon me for interuptting, but so now, big boys flexing arm yet?
Fall in love with the process, and the outcome takes care of itself.
  • #47,493
  • Jun 20, 2014 6:10am Jun 20, 2014 6:10am
Quoting RelaxRay
{quote} thanks for sharing sir! pardon me for interuptting, but so now, big boys flexing arm yet?
if they have reasons move prices.
your balls can break.
anyway i got all my 75 filled.
now squared.
nothing to do.

all squared even my unknown currency which i sold.

if i was in good health probably go vist my gf or go watch show.
But now i watch mu compressor ball make sure no OD oxygen.

regards
  • #47,494
  • Jun 20, 2014 6:13am Jun 20, 2014 6:13am
Quoting fti
{quote} if they have reasons move prices. your balls can break. anyway i got all my 75 filled. now squared. nothing to do. if i was in good health probably go vist my gf or go watch show. But now i watch mu compressor ball make sure no OD oxygen. regards
hahahaha, i wouldnt want that to happen then!

if i may be pushy, and fill an order for u to do...
would u shed some light on flow
Quoting fti
{quote} as usual , if you need ask, you not get it. I'll let your gf explain that to you. i too busy now. Don't interupt when peeps flowing. ai ya this fti. regards reminds me. I have 1 top TMU head. 26 years in position at same bank. still single today in her 60s. problem she tells me is. everytime some nice boys calling her over phone for date. her reply, ai ya markets, busy busy. talk later thanks. all gave up after a few. and she's sweetest girl , when she not dealing.





//
ah, if convenient after MU then...
Fall in love with the process, and the outcome takes care of itself.
  • #47,495
  • Jun 20, 2014 6:16am Jun 20, 2014 6:16am
any reason why u chose 75 to exit ?
  • #47,496
  • Jun 20, 2014 6:18am Jun 20, 2014 6:18am
am pondering why 75 too sir.
Fall in love with the process, and the outcome takes care of itself.
  • #47,497
  • Jun 20, 2014 6:19am Jun 20, 2014 6:19am
Quoting RelaxRay
{quote} hahahaha, i wouldnt want that to happen then! if i may be pushy, and fill an order for u to do... would u shed some light on flow {quote} // ah, if convenient after MU then...
why, do i need repeat myself so many times?
you not know how read thread meh.
have more than 60,000 post of it for you read. on both threads.

regards
  • #47,498
  • Jun 20, 2014 6:20am Jun 20, 2014 6:20am
Quoting appleboy
any reason why u chose 75 to exit ?
I feel market ranges.
Do I have to explain everything i do to anyone?
You think you married me?

whats the low?
the low is 64.
so what does it matters i took progits at 75. my cost is at 12+
as long as i happy take pofits at 75, they brokers can try do em at 65 if they like.
as far as i am concerned i happy peed at 75.
i not like you smart peeps can sell high buy lows.

regards

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  • #47,499
  • Jun 20, 2014 6:21am Jun 20, 2014 6:21am
sorry...
  • #47,500
  • Jun 20, 2014 6:26am Jun 20, 2014 6:26am
Quoting fti
{quote} why, do i need repeat myself so many times? you not know how read thread meh. have more than 60,000 post of it for you read. on both threads. regards
shall go back to reading then

Thanks FTI.

Inserted Video
Fall in love with the process, and the outcome takes care of itself.
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