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Technical Analysis Fallacy

  • #56,081
  • Oct 8, 2016 11:53am Oct 8, 2016 11:53am
Quoting fti
from what i am told. whats happening is, they no want skilled traders. they mostly running robots algo to ahead customer orders which are programmed for arbitrage activities.behind china walls. The focus is on fees and orders spreads. If you ask me, i think they giving up the markets making. Thats why now you have ecns and market making broking in retail. Lately they had competition on that activities from HFT computers. Which i think they used law to kill. Anyways , market making was not profitable for all banks. Only those that had the stars....

Noted, much thanks for inputs.

Quote
For you, you just have to keep polishing your skills, out run the markets.
and you quantify yourselfs financially independent/rich humans.
roger that !
:hugs:
rgds
Fall in love with the process, and the outcome takes care of itself.
  • #56,082
  • Oct 8, 2016 12:20pm Oct 8, 2016 12:20pm
Quoting RelaxRay
{quote} no idea about specific %, just hear from him that, as long as it works itself most of time, it fine. when it doesnt work, operator expected to step in. yea its true, i hear the same qualification is favored. rgds yea, and that everything happens much faster due to that algo feeding nature and my friend, i think i know what you thinking... hah for us retail, i think this thread is more then sufficient... these algos etc, is not very much our cup of tea due to spread and comms IMO. and, lets not even go into computer specs ... maybe in future..i...
Just hope when they hit critical mass, they don't LTCM us all together. When entire market becomes very vested because of such algos, and liquidity not just suddenly vanish, but liquidity decrease on 1 side and go to the other, that's a crash in the making, all it takes is just some stupid news or random order to cause what happened to gbpusd on friday
  • #56,083
  • Oct 8, 2016 12:20pm Oct 8, 2016 12:20pm
Quoting RelaxRay
{quote} Noted, much thanks for inputs. {quote} roger that ! :hugs: rgds
be good.
{hug)

regards
  • #56,084
  • Oct 8, 2016 12:23pm Oct 8, 2016 12:23pm
Quoting CookieMonsta
{quote} Just hope when they hit critical mass, they don't LTCM us all together. When entire market becomes very vested because of such algos, and liquidity not just suddenly vanish, but liquidity decrease on 1 side and go to the other, that's a crash in the making, all it takes is just some stupid news or random order to cause what happened to gbpusd on friday
you had been shown how to manage under all liquidity situations.
You are not a robot.
use skills.

You are worried about markets? It will survive.
You must too. So adjust.
Its your advantage have brain.


regards
  • #56,085
  • Oct 8, 2016 12:32pm Oct 8, 2016 12:32pm
Quoting fti
{quote} you had been shown how to manage under all liquidity situations. You are not a robot. use skills. You are worried about markets? It will survive. You must too. So adjust. regards
Yep, but I hope the damage stays inside the markets, and not spread outside of it.
  • #56,086
  • Oct 8, 2016 1:10pm Oct 8, 2016 1:10pm
I found this thread a few days ago, and I must day - WOW, huge thanks go to fti for sharing his wealth of information with us, this is a true humanity at it's best!!!
Cheers!
  • #56,087
  • Oct 8, 2016 1:20pm Oct 8, 2016 1:20pm
Quoting agent005
I found this thread a few days ago, and I must day - WOW, huge thanks go to fti for sharing his wealth of information with us, this is a true humanity at it's best!!! I understand that to properly learn his methodology I must read all 2805 pages, and I'm on my way there, but it will take me very long time. I was just wondering if somebody has a list of pages which show new stuff introduced (art of war, MM, etc) that I should really read and reread to get most of the "training" under my belt? Or maybe somebody has a doc with major discussions copy/pasted...
Understood.

But i must illiterate that one can only learn and internalise what one had experienced.
So going all the way without experiencing is little benefits.
First 200 so pages would be basics and foundationing.
Should be sufficient for foundation to build on, if one has some finance background.

Try find the emperor moth story.

regards
  • #56,088
  • Edited 2:18pm Oct 8, 2016 1:35pm | Edited 2:18pm
Thanks a ton, fti, for your reply! I got cold feet and edited my post, but looks like you caught it all
Again, I mean no disrespect, I think your information is one of the best available to public, and if somebody thinks otherwise - well, I'm sure his account isn't growing that much if any...
  • #56,089
  • Oct 8, 2016 1:37pm Oct 8, 2016 1:37pm
Quoting agent005
Thanks a ton, fti, for your reply! I got cold feets and edited my post, but looks like you caught it all Again, I mean no disrespect, I think your information is one of the best available to public, and if somebody thinks otherwise - well, I'm sure his account isn't growing that much if any...
happy journey.

good fortune.

regards
  • #56,090
  • Oct 8, 2016 2:28pm Oct 8, 2016 2:28pm
Quoting fti
{quote} happy journey. good fortune. regards
thank you sir!
back to my reading now

best regards!
  • #56,091
  • Oct 8, 2016 2:41pm Oct 8, 2016 2:41pm
Ok, one last thing FTI, I was going to ask you to advice on this chart, but I decided to comment on it first myself and see if that makes sense to you?
That is last week of September and quarter, I guess a lot of money changed hands there as the whole week was under 150pips (and that's GBPUSD!)
I went completely naked, just the way you like it even the grid removed
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 46 KB
  • #56,092
  • Edited 5:09pm Oct 8, 2016 4:13pm | Edited 5:09pm
Quoting agent005
Ok, one last thing FTI, I was going to ask you to advice on this chart, but I decided to comment on it first myself and see if that makes sense to you? That is last week of September and quarter, I guess a lot of money changed hands there as the whole week was under 150pips (and that's GBPUSD!) I went completely naked, just the way you like it even the grid removed {image}
volatility factor remains consistent.

market weak.
downward broadening channel.
no retracements detected yet. so unable to determine retracement strength.
should be working around same voltility.
time window would be flater.

bears are in control for now.
easier make pips om short side, if encounter retracement tops.
move mm skews tight to the left of abc waves after strong retraces.

if need buy , use last low breached as pivot for rebounces.
use pervious volitility factoe as guide until can determine bounce volatility.

if she wants bottom up you should be able see the process. try determine type of neckline for strategic respondse.

lots war talk. so if happens, try see what rates the war bonds as guide.
historically , initial responds money flees to usd on tensions. hawk eyes that.
note hawkish rates environment.


regards
Attached Image
  • #56,093
  • Oct 8, 2016 8:34pm Oct 8, 2016 8:34pm
Hi FTI, thanks for your inside look into the chart. I just was wondering if there is anything there that could have predicted the spike that followed on Thursday... Look like just a normal close of quarter though.
I like the song (although I cannot understand a single word), and the girl is very pretty too!
  • #56,094
  • Edited Oct 9, 2016 12:36am Oct 8, 2016 11:18pm | Edited Oct 9, 2016 12:36am
Quoting agent005
Hi FTI, thanks for your inside look into the chart. I just was wondering if there is anything there that could have predicted the spike that followed on Thursday... Look like just a normal close of quarter though. I like the song (although I cannot understand a single word), and the girl is very pretty too!
hahahahahahaha, predict,,,,
If you went to a fortune teller and he told you all thats going to happen in your life ,by looking at your body, would you believe?
don't laugh , 50% may come true.

I can make 2 predictions that will 100% correct.

regards


all of us will not escape life alive, and i not know when each will happen.
i been there more than 5 times. ICU is already fedup of me. every few years i shows up. even in different countries.
eeer white lie, i didn't included those visits in my teens.
  • #56,095
  • Oct 9, 2016 12:16am Oct 9, 2016 12:16am
http://www.dailymail.co.uk/news/arti...nt-s-life.html

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  • #56,096
  • Oct 9, 2016 12:31am Oct 9, 2016 12:31am
Quoting fti
{quote} hahahahahahaha, predict,,,, If you went to a fortune teller and he told you all thats going to happen in your life ,by looking at your body, would you believe? don't laugh , 50% may come true. I can make 2 predictions that will 100% correct. regards all of us will not escape life alive, and i not know when each will meet their destiny.
hot reading



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  • #56,097
  • Edited 1:47am Oct 9, 2016 12:40am | Edited 1:47am
Quoting CookieMonsta
{quote} hot reading https://www.youtube.com/watch?v=iylsiUY9Gj4
hahahahahaha
ok , take elevator ward 13. pi po pi po ward.(the many happys ward)


regards

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  • #56,098
  • Oct 9, 2016 1:22am Oct 9, 2016 1:22am
Quoting fti
{quote} hahahahahaha ok , take elevator ward 13. pi po pi po ward.(the many happys ward) regards https://www.youtube.com/watch?v=nN539yJh8bc https://www.youtube.com/watch?v=jL5_VCpOM7U
think this guy will make a good pit trader, can read micro-expressions very well.

haha, the old hk era movies, brings back nice memories.
  • #56,099
  • Oct 9, 2016 1:59am Oct 9, 2016 1:59am
Quoting CookieMonsta
{quote} think this guy will make a good pit trader, can read micro-expressions very well. haha, the old hk era movies, brings back nice memories.
ya ya , special for you .
registration over that side.------>

late check in;;;;;;;;;
this side<------------

regards
  • #56,100
  • Oct 9, 2016 2:33am Oct 9, 2016 2:33am
Quoting fti
{quote} ya ya , special for you . registration over that side.------> late check in;;;;;;;;; this side<------------ regards
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something for a slow sunday afternoon
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