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Technical Analysis Fallacy

  • #55,321
  • Aug 23, 2016 6:10am Aug 23, 2016 6:10am
Maybe you should think about what you experience.
Just for your Info.
OTC forex opens in wellington on very thin trades/
3 hours later tokyo joins in. then 1 hour later sg and hk. 8hrs later London, then NY. Even closing prices are daily norminals, because they only close at NY for settlements and 3 hours twinlight later starts in wellington again.
What is the value of the opening prices? Who are the participants?
Now you understand why i say you have little trade experience? GIGO.beep. beep.
regards
  • #55,322
  • Edited 6:36am Aug 23, 2016 6:13am | Edited 6:36am
Quoting alexandria
I try go long today...send in my scout .... he report back lots of things to me..... RoK ,terrain, price action... he tell me I am in wrong direction for now.... good scout... no rigidity and listening to scout makes for easier life Thanks FTI - can I have your James Bond scouts? Alex
sorlli alexandria,
no have james bond scout.
If you see a farmer looking man with straw hat , with plants growing out of him, would be my scout.
the one in red berets is the straw man.

regards


ai ya this fti is so BAD.
  • #55,323
  • Aug 23, 2016 7:09am Aug 23, 2016 7:09am
Quoting fti
{quote} sorlli alexandria, no have james bond scout. If you see a farmer looking man with straw hat , with plants growing out of him, would be my scout. the one in red berets is the straw man. regards ai ya this fti is so BAD.

Valuable lesson for all. Can I have the sheepdog then?
check out the terrain - follow never lead
  • #55,324
  • Edited 7:49am Aug 23, 2016 7:31am | Edited 7:49am
Quoting alexandria
{quote} Valuable lesson for all. Can I have the sheepdog then?
eeeeer also no have.
Bark too loud.
Hows about my wabbit hounds?
Just watch their nose. It points.

regards
Do you like small dogs?
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  • #55,325
  • Aug 23, 2016 9:45am Aug 23, 2016 9:45am
Quoting fti
I cannot help but believe you have very little trade experience.
Believe what you want.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #55,326
  • Aug 23, 2016 9:53am Aug 23, 2016 9:53am
Quoting Exnav
Hello TooSlow, Thank you for your kind attempt to contribute. I should admit that you are using a sort of AOW (Lee related) culture through your 1-2-3/ Highest Open/ Lowest Open Thread. Let me ask you whether this seemingly automated thus likely rigid approach (as depicted on your charts and within the description, e.g., D1(1) Open, BE+1, etc.) would have anytning compatible with the promulgated Lee wisdom. These are some points that should require some attention: there might be several hours considered lower and higher during a day; you are putting...
You visited my thread?
Did you not see the results?
My success is mine.
Your success is not dependent on my success.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #55,327
  • Aug 23, 2016 10:05am Aug 23, 2016 10:05am
Quoting TooSlow
{quote} You visited my thread? Did you not see the results? My success is mine. Your success is not dependent on my success. {image} {image}
Hi
I have previously held back my comments for you, as I felt you aren't worth it. But with that statement, you have over stepped.

I did not visit your thread, neither have I seen your results, as I am not obliged to.
However your presence here from your first post days ago, makes me wonder, what is your agenda? Why are you here?
Do you do this often? Go around threads and create noise? Where is your manners? Is this your culture?

You are blocked. That is all. Do not wish to see you again.

Thanks.


AND
Exnav contributes far more then you. So WHO are you to question him??? I defo enjoy reading his posts much more then your noise.
Could you delete them on your way out?? Please?

Geez, clean after yourself, will you?
Fall in love with the process, and the outcome takes care of itself.
  • #55,328
  • Aug 23, 2016 10:15am Aug 23, 2016 10:15am
Quoting RelaxRay
{quote} Hi I have previously held back my comments for you, as I felt you aren't worth it. But with that statement, you have over stepped. I did not visit your thread, neither have I seen your results, as I am not obliged to. However your presence here from your first post days ago, makes me wonder, what is your agenda? Why are you here? Do you do this often? Go around threads and create noise? Where is your manners? Is this your culture? You are blocked. That is all. Do not wish to see you again. Thanks. AND...
What is music to some
Is noise to others.
Who are you?

“There is, in short, no great idea that stupidity could not put to its own uses [....] The truth by comparison, has only one appearance and only one path, and is always at a disadvantage.”

Robert Musil, The Man Without Qualities
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #55,329
  • Edited 2:30pm Aug 23, 2016 2:11pm | Edited 2:30pm
Quoting TooSlow
{quote} Believe what you want. {image}
noted and taken under advisement.

Unfortunately i come from different school.
I thought you needed some help.
My Bad that i didn't recognised that you came to help us.


May you enjoy the fruits of your labour.


regards

yes,some more noisy. i seem like it.
Sorry for my lack of qualities. Ai ya my ego. have eyes no see taizan
swift number? eeeeer can start $2
I long time no play opening black box already.
b4now.

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  • #55,330
  • Aug 23, 2016 2:27pm Aug 23, 2016 2:27pm
Quoting fti
{quote} noted and taken under advisement. Unfortunately i come from different school. I thought you needed some help. My Bad that i didn't recognised that you came to help us. May you enjoy the fruits of your labour. regards yes,some more noisy. i seem like it. Sorry for my lack of qualities. Ai ya my ego. have eyes no see taizan b4now.
Help?
Was not asking or offering.
No offense or disrespect intended.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #55,331
  • Aug 23, 2016 2:46pm Aug 23, 2016 2:46pm
Quoting TooSlow
{quote} Help? Was not asking or offering. No offense or disrespect intended.
OMG, ai ya my brain

eeeeer you came give us a tip
eeeeeer are you going anywhere soon too? leave it behind for us?
ai ya thankyou thankyou.

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regards
  • #55,332
  • Aug 23, 2016 5:48pm Aug 23, 2016 5:48pm
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  • #55,333
  • Aug 23, 2016 6:10pm Aug 23, 2016 6:10pm
my condolences to singapore for the loss of President Nathan.
salutes.
regards
  • #55,334
  • Aug 23, 2016 6:36pm Aug 23, 2016 6:36pm
Quoting RelaxRay
{quote} Hi I have previously held back my comments for you, as I felt you aren't worth it. But with that statement, you have over stepped. I did not visit your thread, neither have I seen your results, as I am not obliged to. However your presence here from your first post days ago, makes me wonder, what is your agenda? Why are you here? Do you do this often? Go around threads and create noise? Where is your manners? Is this your culture? You are blocked. That is all. Do not wish to see you again. Thanks. AND Exnav...

easy, my friend.
we are adults.
Can agree to disagree.

I was a tad quick on judements.
maybe we give some ropes, see where he's coming with.

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regards
  • #55,335
  • Aug 23, 2016 9:05pm Aug 23, 2016 9:05pm
Quoting fti
{quote} easy, my friend. we are adults. Can agree to disagree. I was a tad quick on judements. maybe we give some ropes, see where he's coming with. https://www.youtube.com/watch?v=rQUZj57oljA https://www.youtube.com/watch?v=zg-ivWxy5KE regards

Did not fancy his tone at how he questioned Exnav. Ugh, such arrogance. Is ok, market has liquidity.


Noted my friend. Thanks.

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Rgds
Fall in love with the process, and the outcome takes care of itself.
  • #55,336
  • Aug 23, 2016 9:06pm Aug 23, 2016 9:06pm
Quoting fti
my condolences to singapore for the loss of President Nathan. salutes. regards
Yes, very sad. Good man salutes.

Rgds
Fall in love with the process, and the outcome takes care of itself.
  • #55,337
  • Aug 23, 2016 11:02pm Aug 23, 2016 11:02pm
Quoting RelaxRay
{quote} Did not fancy his tone at how he questioned Exnav. Ugh, such arrogance. Is ok, market has liquidity. Noted my friend. Thanks. https://www.youtube.com/watch?v=kUWHV8FMI70 Rgds
understood.

When he first posted robot8.
I was wondering if he understood about wellington.
Was thinking his focus was only on chart, without understanding about wellington's liquidity.
So i probed his robot, seems he sort got unease about that.

while i took a step back he's return swing landed on exnav.
nevermind, allow cool and see if he realise.


regards
  • #55,338
  • Edited 11:28pm Aug 23, 2016 11:13pm | Edited 11:28pm
maybe cookie also uneased.
his posts keeps going missing.

OK cookie, isaw your both posts.
I want you understand this.

You used word arbitrage.
Arbitrage is for bona fide(basis/position) hedgers and back to back (price) spread arbitragers.
Do you really understand the terminology of arbitrage?
and its workings?

Please NOTE that there is no arbitrage in speculative endevours.
All forms of butterflys are not arbitrage. Is speculative strategies.
if you writing em, then you are underwriter.(insurer)

HVT is arbitrage.the second one (price)
Price arbitrage between exchanges/markets is legal.
If its fore-running customers orders, its crime.

regards
  • #55,339
  • Aug 23, 2016 11:29pm Aug 23, 2016 11:29pm
Quoting fti
maybe cookie also uneased. his posts keeps going missing. OK cookie, isaw your both posts. I want you understand this. You used word arbitrage. Arbitrage is for bona fide(basis/position) hedgers and back to back (price) spread arbitragers. Do you really understand the terminology of arbitrage? and its workings? Please NOTE that there is no arbitrage in speculative endevours. regards
i do, in this case, it means using eurusd, gbpusd and eurgbp, to lock in position, you cant profit from this, unless you can spot pricing inefficiencies. but then the no arbitrage relation itself helps us which the dealers sap up so fast.

unless you have position riding profits in case of commercial, you hedge it out so that either case your downside protected.

what i am saying is the way dealers manage the 3 pairs has a no arbitrage relation, or at least make it difficult and hard to exploit, and that is an advantage for retail to help rotate to a more managable pair, and if done right, you are mitigating the currency strength thats against you, then you pyramid whats with momentum now, which is ease the bleeding then if got chance, carry out attack, then when everything blows off, the original position might be dead in water and rescue not desirable but your book might have sufficient foreign cap that if rescue fail, you book is still up.

that is the observation i made last friday when market ran hard for gbpusd but eurusd is range bound. so i thought the marlet is doing that, and it showed their mo to managing such run away markets.

anyway, my point behind the option and spot and the relation is that to use small risk and dancing mo skill to build into a position which has limited risk but upside unlimited, then the trap is set, just need sit and wait for market swing, and the way the 3 pairs move is helping to put things in the strategy's favour
  • #55,340
  • Edited 11:57pm Aug 23, 2016 11:36pm | Edited 11:57pm
Quoting CookieMonsta
{quote} i do, in this case, it means using eurusd, gbpusd and eurgbp, to lock in position, you cant profit from this, unless you can spot pricing inefficiencies. but then the no arbitrage relation itself helps us which the dealers sap up so fast. unless you have position riding profits in case of commercial, you hedge it out so that either case your downside protected. what i am saying is the way dealers manage the 3 pairs has a no arbitrage relation, or at least make it difficult and hard to exploit, and that is an advantage for retail to help...
yes,

i say again.
intermarket arbitrages for price spreads is perfectly legal for proprietary traders.
Any involvement of it with customer orders makes it a crime.
understand?

It is very difficult arbitrage crosses with majors.
This is because the spreads for crosses is always normally wider than the underlying, due to liquidity risk.
If you are trying to leg the crosses, you will need pay for both underlying pairs spreads. Otherwise invoke legging risk.
Unless of course , if you are primary dealers. Then is just market making.

regards
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