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Technical Analysis Fallacy

  • #51,481
  • Edited 9:06pm Jan 15, 2015 8:35pm | Edited 9:06pm
Quoting appleboy
Hmm, i was not in a chf trade, but my eurusd positions look to usdchf for "confirmation" since they are inversely correlated. - this is just a peek hahaa. but from the unpegging of the chf from euro, seems that no amount of babysitting can help if these events occur. if one is on the wrong side of chf, and an event like this occurs, its a total wipe out with or without leverage. i guess luck does play a part in trading. one question fti, you mentioned that you would rather stay in GBP as it is not fiat. I understand the Euro is fiat. but isnt GBP...
actually real traders trades with out leverage.
the leverage is used as hedging instruments mostly.

how can it be a total wipe out if no leverage is used?

oh cable?

"The British pound was defined as 12 ounces of silver, so it's worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value."

http://georgewashington2.blogspot.co...-for-fiat.html

is nixon a uk president?
any way does uk have a president?
  • #51,482
  • Jan 15, 2015 8:43pm Jan 15, 2015 8:43pm
Quoting appleboy
{quote} So that means its useless to trade with stops. your equity margin call is your "stop". this also means that all trading capital should be risk capital. if such an event happens ( account killed by a -2700 pip move OMG black swan event ) , don't cry, cos it you cant take the heat, stay out of the kitchen ?
why do you think they make you risk disclosure statement like.....

"it is possible that you can lose more than your account deposit in ....."

you not understand a stop order.
in essense a stop order is a buy/sell at best in market if stated price is traded.

who ever said you will be guaranteed at the price you stated? Is at best available market price if touched.

you didn't read the thread. Told you long time ago on thread.


regards
  • #51,483
  • Jan 15, 2015 8:45pm Jan 15, 2015 8:45pm
Quoting fti
{quote} Not something that can be trained. Can feel. Pay attention to change in market tempo and fast shades. Is like watching fig releases.Observe change in feel, then respond test waters. Can know only after the fact. So ability respond with position tests is key. Only market makers can see the trucks coming. If they jump, you don't stand there looking at lights in tunnel, hoping is not an on coming train. Do not be aggresive unless have lots $ dance find out. normally after the fiasco you can see double triple SS/RRs. When hedgers comes into...
thank you for such a golden nugget of experience fti !

a little question if you will please.
in the market checking process described above, you described that if bids are given and you try to hit it and they not filled until offer overruns your order, it means that the market makers are standing in front of you (interbank spreads being about 10 pips.) , and the market has not gone there yet.
but how can this observation be seen when we are retail traders with small ticket sizes trading with market makers
in all cases, limit orders or stops are immediately filled once price crosses.
even MAS regulated brokers like O _ _ _ a will immediately fill the price upon crossing.
  • #51,484
  • Jan 15, 2015 8:47pm Jan 15, 2015 8:47pm
Quoting appleboy
{quote} thank you for such a golden nugget of experience fti ! a little question if you will please. in the market checking process described above, you described that if bids are given and you try to hit it and they not filled until offer overruns your order, it means that the market makers are standing in front of you (interbank spreads being about 10 pips.) , and the market has not gone there yet. but how can this observation be seen when we are retail traders with small ticket sizes trading with market makers in all cases, limit orders or stops...

since you are real novice i will try to show you.
  • #51,485
  • Jan 15, 2015 8:49pm Jan 15, 2015 8:49pm
Quoting fti
{quote} why do you think they make you risk disclosure statement like..... "it is possible that you can lose more than your account deposit in ....." you not understand a stop order. in essense a stop order is a buy/sell at best in market if stated price is traded. who ever said you will be guaranteed at the price you stated? Is at best available market price if touched. you didn't read the thread. Told you long time ago on thread. regards
i did read that , and i remember it clearly.
  • #51,486
  • Jan 15, 2015 8:53pm Jan 15, 2015 8:53pm
eeer 1stly interbank spreads is not 10 pips.

10 pips would be TMU(treasury marketing unit) prices.

so pls correct all these misconceptions from your mind. as i point out to you.

regards
  • #51,487
  • Jan 15, 2015 8:53pm Jan 15, 2015 8:53pm
Quoting fti
{quote} since you are real novice i will try to show you.
you got me there fti
yup, tough to admit it ... but yes i am still a real novice after such a long time in the markets... sigh...
but i never give up.
always hopeful and looking forward to light at the end of the tunnel, just hope it aint an oncoming train.

show a little sunlight if you will please.

regards.
  • #51,488
  • Jan 15, 2015 8:59pm Jan 15, 2015 8:59pm
Quoting appleboy
{quote} you got me there fti yup, tough to admit it ... but yes i am still a real novice after such a long time in the markets... sigh... but i never give up. always hopeful and looking forward to light at the end of the tunnel, just hope it aint an oncoming train. show a little sunlight if you will please. regards.
is ok you a humble novice, i will try.

bid= buying price made by market. Price whereby market is willing to buy.

offer= selling price made by market.Price where market is willing to sell.


ok what is market price?

cannot continue until you find the answer to the question.


regards
  • #51,489
  • Jan 15, 2015 9:10pm Jan 15, 2015 9:10pm
Hi chief,

I have a couple questions about fast shades that you mentioned previously. Is it also known as price shading?
we need a real interbank quotes from say Reuters, EBS or real ECN to compare against a broker in order to see price shading against us?

Do market makers being hit mean that they stopped providing liquidity for various levels in order book like what we saw yesterday with CHF?

Regards
Wayne
  • #51,490
  • Jan 15, 2015 9:15pm Jan 15, 2015 9:15pm
Quoting foobar
Hi chief, I have a couple questions about fast shades that you mentioned previously. Is it also known as price shading? we need a real interbank quotes from say Reuters, EBS or real ECN to compare against a broker in order to see price shading against us? Do market makers being hit mean that they stopped providing liquidity for various levels in order book like what we saw yesterday with CHF? Regards Wayne
Hi wayne.

real quotes from reuters,EBS,realECN?
the only real quotes one can get is from counterparties that willing trade with you. ie make you bid offer prices for you buy or sell.
any prices that you cannot buy and sell is only market indicatives. Which means that if you go in the market search, others are trading there.

Sometimes when dealer gone to hospital, or toilet, he not make dealing prices.

by the way is your 1st name John?

regards
  • #51,491
  • Jan 15, 2015 9:20pm Jan 15, 2015 9:20pm
Quoting fti
{quote} is ok you a humble novice, i will try. bid= buying price made by market. Price whereby market is willing to buy. offer= selling price made by market.Price where market is willing to sell. ok what is market price? cannot continue until you find the answer to the question. regards
apple, i still waiting for answer hor.

regards
  • #51,492
  • Jan 15, 2015 9:23pm Jan 15, 2015 9:23pm
Quoting fti
{quote} Hi wayne. real quotes from reuters,EBS,realECN? the only real quotes one can get is from counterparties that willing trade with you. ie make you bid offer prices for you buy or sell. any prices that you cannot buy and sell is only market indicatives. Which means that if you go in the market search, others are trading there. Sometimes when dealer gone to hospital, or toilet, he not make dealing prices. by the way is your 1st name John? regards
Hi Chief,

no my 1st name not John. I'm just a Chinese also from Singapore.
Who is John Wayne?

Thank you for your answers!
  • #51,493
  • Jan 15, 2015 9:25pm Jan 15, 2015 9:25pm
Quoting foobar
{quote} Hi Chief, no my 1st name not John. I'm just a Chinese also from Singapore. Who is John Wayne? Thank you for your answers!
noted.

1 cowboy actor.

Inserted Video


regards
  • #51,494
  • Jan 15, 2015 9:34pm Jan 15, 2015 9:34pm
Hi Chief,

HosayBo? ...
Wah, another year gone by. Hope no hole no wear

What a deep sleep, only to be awoken by bing bing bang bang.

Isn't it coincidental that 15th Jan is such an eventful day? I was looking at the move yesterday, almost have a heart attack!
Now I know how you felt !

Anyway, dropping by the say hi to you and everyone on the TAF family, stay safe and trade well

Regards,

K-b
  • #51,495
  • Edited 10:01pm Jan 15, 2015 9:44pm | Edited 10:01pm
Quoting trad8
Hi Chief, HosayBo? ... Wah, another year gone by. Hope no hole no wear What a deep sleep, only to be awoken by bing bing bang bang. Isn't it coincidental that 15th Jan is such an eventful day? I was looking at the move yesterday, almost have a heart attack! Now I know how you felt ! Anyway, dropping by the say hi to you and everyone on the TAF family, stay safe and trade well Regards, K-b
wah my friend,long time no see.

you went sapbai sapbai so long hor.
I think they tried give me birdsday present too early, i too tired to receive.
how's the kopi business?
How's also the flying chicken trips? Seems many flying chicken missing.

missed enjoy you bring me uptodate with the audionuts.
"what ever your goals in life brother, look upon the doenut and not on the hole."
your g+ also very quiet leh.

regards

now i waiting for someone make me my mobility again. single seater, same as my scrambler type.

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  • #51,496
  • Jan 15, 2015 10:04pm Jan 15, 2015 10:04pm
Quoting fti
{quote} wah my friend,long time no see. you went sapbai sapbai so long hor. I think they tried give me birdsday present too early, i too tired to receive. how's the kopi business? How's also the flying chicken trips? Seems many flying chicken missing. missed enjoy you bring me uptodate with the audionuts. "what ever your goals in life brother, look upon the doenut and not on the hole." regards
Hi Chief,

Ya it has been a long time of absense. I thot I could fulfill my dreams of not serving kopi but still dream has not come true yet.

During this time of absence, in fact I got married! This marriage my wife not know. However I think she would have guessed it as I was spending late nights out many a time. It is because of this marriage, I didn't have much time to visit here.

Regards,

Inserted Video


ps ..... actually I was married to my JOB! But things are better now I should be able to find more time here.

Hopefully guys here don't find me a distract .... lol
  • #51,497
  • Edited 10:36pm Jan 15, 2015 10:08pm | Edited 10:36pm
Quoting trad8
{quote} Hi Chief, Ya it has been a long time of absense. I thot I could fulfill my dreams of not serving kopi but still dream has not come true yet. During this time of absence, in fact I got married! This marriage my wife not know. However I think she would have guessed it as I was spending late nights out many a time. It is because of this marriage, I didn't have much time to visit here. Regards, https://www.youtube.com/watch?v=cM8NhAeCtig ps ..... actually I was married to my JOB! But things are better now I should be able to find...
ahhh become emperor? many concubines?
euros, cable, yen, swis, which one your favourite?
don't think is swis, that girl very wild, i so scared.

no worry about distract la, we all adolts, seen pimples before la.

regards

any new exotic songs? developing type

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  • #51,498
  • Jan 15, 2015 10:32pm Jan 15, 2015 10:32pm
Hi Chief,


Aiya, you and me are not eighteen twenty-two. I think wild thing we sure don't like. Would prefer the steady ones.

Inserted Video


Regards,

not much new exotics

but recently been watching this on u-tube 我是歌手 (I AM A SINGER)

This is from last season

https://www.youtube.com/playlist?lis...WxOcqn9n1ONUQ7

This one this season with Kit Chan

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  • #51,499
  • Jan 16, 2015 12:19am Jan 16, 2015 12:19am
Attached Image
-be careful about what you allow to be put in your mind-
  • #51,500
  • Jan 16, 2015 12:39am Jan 16, 2015 12:39am
Quoting fti
{quote} is ok you a humble novice, i will try. bid= buying price made by market. Price whereby market is willing to buy. offer= selling price made by market.Price where market is willing to sell. ok what is market price? cannot continue until you find the answer to the question. regards
sorry for delay, just got out of prison, literally ... hahahaa

The market price is in the middle of the bid and the ask.

There is always a profit incentive.
Sellers in the market will post their Selling price (the Offers/Ask) which are higher than the market price .
Buyers in the market will post their Buying price (the Bid) which are lower than the market price.

Would that be right ?

Thank you
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