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Technical Analysis Fallacy

  • #47,781
  • Jun 25, 2014 3:43am Jun 25, 2014 3:43am
Quoting Hickson
{quote} Don't be so overhasty. I know that it is traded in dollars per fine ounce, but in my broker it is traded in Lots (Gold Spot, 1 Lot = 1 $ per 0.1)
troy ounces , my friend troy ounces.
people trading in lots is just trading paper.
is not trading gold.

ok , tell me how many pork bellies make 1 lot?
I am not hasty.
peeps who newbies talk in lots.
there the real traders and the Pseudo traders.
try learn be real.

when speaking to real traders, the language is a give away.


regards
  • #47,782
  • Jun 25, 2014 3:46am Jun 25, 2014 3:46am
Quoting fti
{quote} troy ounces , my friend troy ounces. people trading in lots is just trading paper. is not trading gold. ok , tell me how many pork bellies make 1 lot? regards
Ok, troy ounces, fine ounces is just a too wordly translation from German to English I am also not convinced by this scale, but this broker is a bucket shop anyway, so I do not trade gold there.
Fix up, trade sharp ...
  • #47,783
  • Edited 4:06am Jun 25, 2014 3:55am | Edited 4:06am
Quoting Hickson
{quote} Ok, troy ounces, fine ounces is just a too wordly translation from German to English I am also not convinced by this scale, but this broker is a bucket shop anyway, so I do not trade gold there.
oh noted about translation.

yes that is clever.
never trade with peeps not know what they doing.
is easy tell a saleman from a trader.

Trading with bucketshops is also way to trade.
But must be careful about the credit risk.
If you small tickets, is the way to go.
you know never buy a car from a child , yes?

try to deal with legit pros is much safer.
If you can.
Forex is traded over the counter.
can be any size that customer asking for.
if peeps insist trade a certain contract size then they not understand what the meaning of OTC(over the counter).
This is how you seperate the boys from the men.
In bank to banks trading, minimum ticket is 2 million usd. But sometime some banks can allow smaller minimums.
but from mnimum can be 2.123 million or anything. there no such thing as lot sizes.
Lot sizes is trading in futures contracts. which is not the primary markets. Those markets are called derivative markets.
Derivtive markets have no primary dealers, they all dealing in cfds only. settlements is on P&L difference.
so expect lots clever manipulating. Primary markets are brick and mortar markets, real things change hands.

hope you understand.

Just trying get you on correct path.

regards
  • #47,784
  • Jun 25, 2014 4:06am Jun 25, 2014 4:06am
Quoting fti
{quote} oh noted about translation. yes that is clever. never trade with peeps not know what they doing. is easy tell a saleman from a trader. Trading with bucketshops is also way to trade. But must be careful about the credit risk. If you small tickets, is the way to go. you know never buy a car from a child , yes? try to deal with legit pros is much safer. If you can. Forex is traded over the counter. can be any size that customer asking for. if peeps insist trade a certain contract size then they not understand what the meaning of OTC(over the...
Thanks for caring. True, when I started out I was given two very small accounts for free via some promotion (providers were ok but the broker was not). They gave credit, as you said, that should be withdrawable after enough lots. So I traded the lots and what did they do? Withdraw credit LOL. I kind of expected that, so never did make a big deposit despite of all their blabla. Not so easy to find a broker who cares about his customers, it is really not like wild west, it IS the wild west out there with these bastards.

But as you see, most people cannot afford to trade minimum ticket, therefore you have to trade in lots as a retailer. Only can advice people to work with very little money until you have found a reliable broker that actually pays your earned money.

Regards
Fix up, trade sharp ...
  • #47,785
  • Jun 25, 2014 4:08am Jun 25, 2014 4:08am
ok troops pulled out.. ec... euro still in...

maybe i should get out..still watching price..

just now i enter because i see the euro go up, gbp go down, EC jump.. how long can last? if ppl really want to push gbp down.. i think usd go up,, thus euro come down..

so i enter euro dollar and euro cable ..gbp moved already too much for me to enter and euro dollar got h&s forming also..
  • #47,786
  • Jun 25, 2014 4:08am Jun 25, 2014 4:08am
more pointlessness ..... risk perception and reality.......

what is most dangerous animals to humans.........sharks, lions near the top????? dogs, insects near the bottom????? what about humans????.

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-be careful about what you allow to be put in your mind-
  • #47,787
  • Jun 25, 2014 4:11am Jun 25, 2014 4:11am
Quoting Hickson
{quote} Thanks for caring. True, when I started out I was given two very small accounts for free via some promotion (providers were ok but the broker was not). They gave credit, as you said, that should be withdrawable after enough lots. So I traded the lots and what did they do? Withdraw credit LOL. I kind of expected that, so never did make a big deposit despite of all their blabla. Not so easy to find a broker who cares about his customers, it is really not like wild west, it IS the wild west out there with these bastards. But as you see, most...

Ok now many peeps are trading in retail ticket size markets.
some are legit.
How to know who is legit and who is not.

rule number 1.
if they are not licenced and regulated by monetary authorities where they operate, then that is BIG BIG red flag.

2. every country have different regulatory laws.
so know the country where the broker operates.

regards
  • #47,788
  • Jun 25, 2014 4:13am Jun 25, 2014 4:13am
Quoting Hickson
{quote} Thanks for caring. True, when I started out I was given two very small accounts for free via some promotion (providers were ok but the broker was not). They gave credit, as you said, that should be withdrawable after enough lots. So I traded the lots and what did they do? Withdraw credit LOL. I kind of expected that, so never did make a big deposit despite of all their blabla. Not so easy to find a broker who cares about his customers, it is really not like wild west, it IS the wild west out there with these bastards. But as you see, most...

well oanda 1 dollar also can trade.. although if u big enough.. maybe machine hang (from what i read from fti post)..

my account with oanda is backup line..small account.. quite good so far..but news session their spread is huge.. i guess they try protect their own arse..

i read they use only algos to help them mm..since company was started by some phd or professor.. met their head of marketing as well from an event ..

from canada..black guy..he bought us 2 barrels of beer that night..around 40-50 of us.
  • #47,789
  • Jun 25, 2014 4:18am Jun 25, 2014 4:18am
Quoting Kuat
ok troops pulled out.. ec... euro still in... maybe i should get out..still watching price.. just now i enter because i see the euro go up, gbp go down, EC jump.. how long can last? if ppl really want to push gbp down.. i think usd go up,, thus euro come down.. so i enter euro dollar and euro cable ..gbp moved already too much for me to enter and euro dollar got h&s forming also..

no you not understand.
is not like that.
the realtionship have characteristics, but is never a constant.
In different circumstances they behave differently.
So you need watch and find out what actually is happening thru news wires, and chart patterns.

regards
  • #47,790
  • Jun 25, 2014 4:19am Jun 25, 2014 4:19am
ok boss..i was lucky today then..count my lucky stars

exiting troops.. made small pips eurusd
  • #47,791
  • Jun 25, 2014 4:23am Jun 25, 2014 4:23am
Quoting Kuat
{quote} well oanda 1 dollar also can trade.. although if u big enough.. maybe machine hang (from what i read from fti post).. my account with oanda is backup line..small account.. quite good so far..but news session their spread is huge.. i guess they try protect their own arse.. i read they use only algos to help them mm..since company was started by some phd or professor.. met their head of marketing as well from an event .. from canada..black guy..he bought us 2 barrels of beer that night..around 40-50 of us.
machine hang is because either their server is cheapo.
or they switch off console.

wide price during events is because.........
have you ever made prices to customers when there is no prices available in the markets?
during such times having a price at all is already big balls.
no say how wide it may be. understand?

so far their worst problems is server instability. always gets kicked off when much activity.
maybe they need better IT and backup servers.

regards
  • #47,792
  • Edited 4:45am Jun 25, 2014 4:32am | Edited 4:45am
Quoting phil13
more pointlessness ..... risk perception and reality....... what is most dangerous animals to humans.........sharks, lions near the top????? dogs, insects near the bottom????? what about humans????. {image}
?????
why you asking?
trying to ditch your wife? everyone knows the answer.
and don't you dare tell your wife she's animal.

first you ask about animals, then you got everyone in the party?
what you think killed all the peeps in ww 1and 2 ?
sharks?


regards
  • #47,793
  • Jun 25, 2014 4:43am Jun 25, 2014 4:43am
Quoting phil13
more pointlessness ..... risk perception and reality....... what is most dangerous animals to humans.........sharks, lions near the top????? dogs, insects near the bottom????? what about humans????. {image}
Well I don't think there's any vaccine or anti venom for being ripped into two pieces (by the top 6) even if you are lucky enough to live in a developed country
like totally failure brah
  • #47,794
  • Jun 25, 2014 5:07am Jun 25, 2014 5:07am
Quoting simonb
{quote} Well I don't think there's any vaccine or anti venom for being ripped into two pieces (by the top 6) even if you are lucky enough to live in a developed country
Then try stay away from them lor.
I don't think they come serching for us to rip us apart.:nerd:
and they never seem premeditate to harm any one.
mostly only reaction to self/ground defense or hunger.

regards
  • #47,795
  • Edited 5:38am Jun 25, 2014 5:17am | Edited 5:38am
ok we quiet checked out the inside day ranges. so the question is whats the findings.
Bull test or bear test.
the bacons alredy mms all ate already.

any one have lanterns to lend?

count down now left 9 days.
very close for comfort.

but just cannot find the reasons.

we tried 1.7 cables, and we know roughly whats on top there.
but ii wouldn't mind climb up there take a peep and try fig out how big is mamabear.
but like everyone else, prefer taking pot shots at the bulls.

better take my own medicine.
when foggy wait for fog clear.
otherwise can get into all sorts snares.
30 pips range also not easy make much pips.
  • #47,796
  • Jun 25, 2014 5:32am Jun 25, 2014 5:32am
Quoting fti
ok we quiet checked out the inside day ranges. so the question is whats the findings. Bull test or bear test. the bacons alredy mms all ate already. any one have lanterns to lend?

chief, all inside day. but i see audusd flow going down..

dunno trap or not..

me play till month end..then holiday with them..till after heh...

side note, just spent some time check an FX model (my friend do one..quite interested to test so i just put some money run it)...this month theo profit published is 10%.. but i make -2%.. my slippage really bad..

seems market at time move too fast to catch..want put only stop orders..sometimes get hit and signal become non-signal..tough tough..

wonder how to capture..hmm..
  • #47,797
  • Edited 6:11am Jun 25, 2014 5:34am | Edited 6:11am
test time out.
don't predict direction, but dance with flow of water
  • #47,798
  • Jun 25, 2014 5:40am Jun 25, 2014 5:40am
Quoting fti
{quote} Then try stay away from them lor. I don't think they come serching for us to rip us apart.:nerd: and they never seem premeditate to harm any one. mostly only reaction to self/ground defense or hunger. regards
Plus we look for them.. And they are no hard to see.

Mosquitoes however... Lots more of them. Many in fact.
like totally failure brah
  • #47,799
  • Edited 6:12am Jun 25, 2014 6:01am | Edited 6:12am
Quoting Kuat
{quote} chief, all inside day. but i see audusd flow going down.. dunno trap or not.. me play till month end..then holiday with them..till after heh... side note, just spent some time check an FX model (my friend do one..quite interested to test so i just put some money run it)...this month theo profit published is 10%.. but i make -2%.. my slippage really bad.. seems market at time move too fast to catch..want put only stop orders..sometimes get hit and signal become non-signal..tough tough.. wonder how to capture..hmm..
Kuat i trying not to hurt your feelings.
but you not read the thread and you keep nearly stepping on my toes.
But of course you not know. since you not read.

You seems a very nice chap.
But i cannot keep sliiding back toes, otherwise peeps may think i condone the robot thingy.
If you ask me about robots , i will tell you flat out you cannot make good pips.

because i spent millions of bank's moneys on that already.
concluded that there no coders can code a consistently profitable robot without making some no so nice stuff in there.

I understand you probably thinking i maybe like the average joe tech analyst.
But really i seen lots and lots very indepth already.
and i feel that is wrong direction branch tech analysis.
Is not like is wrong, but i not seen any boxes done any well.

would appreciate you post kopi than robots.

I tell you what.
if you come across any robot make 400% 2 consequtive years, then you have the podium.
deal?
if any robot can beat my best personal performance, I will yield to it.
ok?


regards

I must qualify that is forward testing.
anyone can make robot back test and come out with that performance by contineously curve fitting it.
problem is that if one does that and impliment.
then the market will adjust herself to counter measure it.
You see the markets, its alive.
  • #47,800
  • Jun 25, 2014 6:14am Jun 25, 2014 6:14am
ok chief no more robot talk.. i dont doubt you chief.. i also tried and seen a few .. not exactly blow up..but never really made money after running 1-2 years..

this one i help friend la..he doing quant research ....i trader dunno anything one...but i put very small amount test for him..world is like that la.. u help me i help u.. i cannot flat out reject la..he very good to me.

400% consecutive 2 years.. chief if i made that. i can retire...then u see me with below
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