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Technical Analysis Fallacy

  • #54,341
  • Apr 11, 2016 5:57pm Apr 11, 2016 5:57pm
Quoting fti
PS: Sorry that i feel the dealers exuberance again. In the dealing world, this the reality. There no shades. Is book net + or net -. Theories and hypothesis, is a luxury for the incapable. Mostly liars or unlearned. Markets teach and one knows, is not possible lie to the book. only maybe the employer. Those who can, do. regards Fishing is not trading activity. I cannot see the gain in killing the brain cells of retail traders. Is not productive teach fishes climb trees. Not even if they are crocodiles. remember, no one wins with the...
Hi ALL,
I was reading the exchanges between jacq Cookie, and yourself FTI while pondering too myself... "man these guys are onto some deep stuff -sips coffee-", then next thought, "how can i increase profit with that intel, wouldnt be still reading terrain and manage the risk-exposure accordingly" -sips coffee- " and I was thinking about it for quite abit till you posted this. Is/Was a Forrest Gump moment.

Terrain in late feb, march, and perhaps april too, have been horrendous to read, i cant get much of it.. (learning curve) FTI, do terrain in march get more cloudy due to FY closing and such[all the uncertainties]? I can't remember that it was this cloudy last year.. (rigid thinking perhaps, taking a norm instead of setting mind free?)

Rgds


[BTW FTI, currently are you still in GMT8 timezone? I always see your post in ungodly hours.. early morning QiGong ?]
Fall in love with the process, and the outcome takes care of itself.
  • #54,342
  • Edited 6:37pm Apr 11, 2016 6:05pm | Edited 6:37pm
Quoting RelaxRay
{quote} Hi ALL, I was reading the exchanges between jacq Cookie, and yourself FTI while pondering too myself... "man these guys are onto some deep stuff -sips coffee-", then next thought, "how can i increase profit with that intel, wouldnt be still reading terrain and manage the risk-exposure accordingly" -sips coffee- " and I was thinking about it for quite abit till you posted this. Is/Was a Forrest Gump moment. Terrain in late feb, march, and perhaps april too, have been horrendous to read, i cant get much of it.. (learning curve) FTI, do terrain...

secret training no trading.

wah serene mind.


regards
  • #54,343
  • Apr 11, 2016 6:06pm Apr 11, 2016 6:06pm
Quoting fti
{quote} I have been thinking how to tell you. there is one type broker. Their function is broking. there is 2 types dealers. 1 type broker for their customers with back to back prices. these called dealers. 1 type make markets, these called market makers. the % of market maker dealers during my watch was 7/197 banks for my time zone. there is 1 type so called dealers, they are called traders. some say they proprietary. these, they are their own customers. they create events. their customers does not trades. invests. I would really like to know what...
My guess is market maker got direct access to their clients, so its theirs to arbitrage since they are taking customer counter party risk. My point is some things retail can't touch so no point looking at it. I was not looking at arbitrage since i know no point trying.
  • #54,344
  • Edited 6:19pm Apr 11, 2016 6:09pm | Edited 6:19pm
Quoting CookieMonsta
{quote} My guess is market maker got direct access to their clients, so its theirs to arbitrage since they are taking customer counter party risk. My point is some things retail can't touch so no point looking at it. I was not looking at arbitrage since i know no point trying.
told you that long long time ago.
Is ok there is something in there, if you are big boy and managing a bank.
some things are same. even if they look different.
thats why nothings the same, unless you mind is bias.
To bias minds , things looks same, when in fact they are not.

try understand is not in the biasness, is the mind.

Is the dog wagging the tail or the tail wagging the dog?


regards
  • #54,345
  • Apr 11, 2016 6:11pm Apr 11, 2016 6:11pm
Quoting fti
{quote} secret training no trading. regards
not sure if i am getting this..... or are you referring to just the (very) early morning thingy? lol

terrain terrain terrain...

Rgds
Fall in love with the process, and the outcome takes care of itself.
  • #54,346
  • Apr 11, 2016 6:13pm Apr 11, 2016 6:13pm
Quoting fti
{quote} told you that long long time ago. Is ok there is something in there, if you are big boy and managing a bank. regards
Yep, that was my point, just that I'm curious and want to learn more, that's all.
Broker vs mm, broker no counter party risk, they take commission execute trade, mm make price and earn through spread and maybe comission but they got counterparty risk
  • #54,347
  • Apr 11, 2016 6:22pm Apr 11, 2016 6:22pm
Quoting CookieMonsta
{quote} Yep, that was my point, just that I'm curious and want to learn more, that's all. Broker vs mm, broker no counter party risk, they take commission execute trade, mm make price and earn through spread and maybe comission but they got counterparty risk
it will come to you when you are ready.
Now you are climbing the wrong hill.
mom would say you have money buy the cow, but no money buy the rope.

relax my friend.
rome wasn't build in 1 day.

regards

遠在天邊,近在眼前
  • #54,348
  • Apr 11, 2016 6:25pm Apr 11, 2016 6:25pm
Quoting fti
{quote} it will come to you when you are ready. Now you are climbing the wrong hill. mom would say you have money buy the cow, but no money buy the rope. relax my friend. rome wasn't build in 1 day. regards
OK, noted
  • #54,349
  • Edited 7:00pm Apr 11, 2016 6:39pm | Edited 7:00pm
Quoting CookieMonsta
{quote} My guess is market maker got direct access to their clients, so its theirs to arbitrage since they are taking customer counter party risk. My point is some things retail can't touch so no point looking at it. I was not looking at arbitrage since i know no point trying.
you guess again.
Just for info its the clients have access to market maker. You got it other way around.

the clients, unless tey are market movers, they no access to market makers.
Problem is retail never seen market makers, they see broker and they think, ahhhh market maker. is scalper la.
for retail ticket, mm will make you choice price la. even tier 3 bank can get choice price la. unless cheeze off mm.

relax.

regards
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  • #54,350
  • Apr 11, 2016 6:44pm Apr 11, 2016 6:44pm
Quoting fti
{quote} you guess again. Just for info its the clients have access to market maker. You got it other way around. relax. regards
Ok.
Never knew the part about the broker.
  • #54,351
  • Apr 11, 2016 6:48pm Apr 11, 2016 6:48pm
Quoting CookieMonsta
{quote} Ok. Never knew the part about the broker.
Important thing is if know then knows.
If not guessing is dangerous.
makes ass ............you know already. i no repeat.


regards
  • #54,352
  • Apr 11, 2016 6:59pm Apr 11, 2016 6:59pm
Quoting fti
{quote} Important thing is if know then knows. If not guessing is dangerous. makes ass ............you know already. i no repeat. regards
Thx, I always thought mm like oanda is making price for retail, then when the professionals trading through them they identified, they will go interbank or find another counterparty and pass onto them if they find position lousy.
  • #54,353
  • Edited 7:13pm Apr 11, 2016 7:03pm | Edited 7:13pm
Quoting CookieMonsta
{quote} Thx, I always thought mm like oanda is making price for retail, then when the professionals trading through them they identified, they will go interbank or find another counterparty and pass onto them if they find position lousy.
hahahaha assume again.
ai ya. mm or broker?
is that a bank? i just told you my time zone on my watch have 7 mms only from 197 banks names


regards
  • #54,354
  • Apr 11, 2016 7:05pm Apr 11, 2016 7:05pm
Quoting CookieMonsta
{quote} Thx, I always thought mm like oanda is making price for retail, then when the professionals trading through them they identified, they will go interbank or find another counterparty and pass onto them if they find position lousy.
i remember my banking friend told me alot of mnc/clients uses oanda for price too.. i was wondering how it works and how they are getting filled. needless to say, i didnt quite get him as well. but in hindsight, on topic of MM i guess its possible, just unsure of the methods involved.

Rgds
Fall in love with the process, and the outcome takes care of itself.
  • #54,355
  • Apr 11, 2016 7:07pm Apr 11, 2016 7:07pm
Quoting fti
{quote} hahahaha assume again. ai ya. mm or broker? regards
robber wear uniform... is a organised robber. like yakuza ! - high tier -
Fall in love with the process, and the outcome takes care of itself.
  • #54,356
  • Apr 11, 2016 7:08pm Apr 11, 2016 7:08pm
Quoting fti
{quote} hahahaha assume again. ai ya. regards
Yep, that's what I read first when I started learning from another source, so sometimes I wonder how complete my knowledge is. I didn't start out from this thread.
  • #54,357
  • Apr 11, 2016 7:15pm Apr 11, 2016 7:15pm
Quoting CookieMonsta
{quote} Yep, that's what I read first when I started learning from another source, so sometimes I wonder how complete my knowledge is. I didn't start out from this thread.
The issue is not with market structure. Is your mind.
Eeeeeer i hatched out from an egg. believe me, and i can prove it.

and don't you dare assume i am
relax.

regards
  • #54,358
  • Apr 11, 2016 7:16pm Apr 11, 2016 7:16pm
Quoting RelaxRay
{quote} i remember my banking friend told me alot of mnc/clients uses oanda for price too.. i was wondering how it works and how they are getting filled. needless to say, i didnt quite get him as well. but in hindsight, on topic of MM i guess its possible, just unsure of the methods involved. Rgds
Yep, that's true, its abit hard to get these privelege info when just trading as retail since its like looking through a glass window to see the inside of a house, u just don't get the full picture no matter how hard u try. All one can do is trade to the best of their knowledge and slowly correct mistakes and learn and correct preciously incorrectly learnt information.
  • #54,359
  • Edited 7:48pm Apr 11, 2016 7:25pm | Edited 7:48pm
Quoting CookieMonsta
{quote} Yep, that's true, its abit hard to get these privelege info when just trading as retail since its like looking through a glass window to see the inside of a house, u just don't get the full picture no matter how hard u try.


ai ya.

Foreign Exchange and money Markets.
Heinz Riehl, Rita Rodriguez.

and did you read the paper money i gave you?


regards

before take driving test, read driving manual.
after reading driving manual. just drive. No need go driving school learn to drive.

release parking brakes and flap wings.
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  • #54,360
  • Apr 11, 2016 7:31pm Apr 11, 2016 7:31pm
Quoting fti
{quote} ai ya. Foreign Exchange and money Markets. Heinz Riehl, Rita Rodriguez. and did you read the paper money i gave you? regards
I have been trying to find paper money.As for foreign exchange And money markets, I'll start to look for it.Thx for the direction
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