The troop buildup in Afghanistan is correct, Some are being deployed now, with the bulk to ship out early 2010. Total additional troops 30K.
Is the Russian report creditable?...
thanks aux,
noted, scary contingencies.
so first sign is usd going down pips, for "shif" to take place?
I am watching that bear with eagle eyes.
regards.
Was wondering why chet was kissing heli below belt, yesterday.
Seems they know something.
If the usd plunges, and he wants cheap euros, europe will hyper-inflate. Really wonder where these people read their economics. Makes for bad Alumni.
Hi textor,
Good man, you making big bucks ?
Usd have so much media that she's gonna hit the fan this Dec, so be nimble. Jack be nimble jack be quick, jacks going under the limbo stick.)
Hi fti,
Good to have you back where you belong, you have been missed. Been short the GBP, and short E/J now, so must stay focused. Back later.
Hi GEfx, ) Shorts , ok for now, seems markets thin and slow, huh.
best wait a couple of days, She'll show hand.
Noticed , market feels very different, tempo changed much.
fti, yes have been short the GBP and E/j today, but now have found the sidelines until Canada FA's are behind us, and will then see if something develops with the $/CAD.
Agree with luSan and auxesis that things in US are wierd now. Increasing odds of major social unrest in very near future. We'll see how things unfold, but do not see US military returning from overseas bases anytime soon. It takes 6 months to get 30K troops in Afganistan, not sure how 200K get back anytime soon without causing notice. Hope we do not need another "Give me liberty,...
yes GEfx, moderation and re-adjustments the best.
just that with imbeciles at the wheels, the curve can be hair raising. The propagadas floating around is getting everyone's hormones at peak. The feel is changing rapidly at grassroot levels. Cool is key now, and fingers are crosses for the best. Prayers is good,but his will, it will be done.
Tis good to have you back, your big project finished, or just back for the year end???
regards,
Saw 2012, good special effects, but the story line was a little over the top. Jmho, the Mayan calender just starts a new cycle on the Winter solstice 2012 , like our New Years day, not stops, fwiw.
Aux, this project is on going. Now the light shows at the end of the tunnel.
Yes, you are right.
Believe them not, when they tell you , there he comes.
No man knows the day and time. Not even the angels.
2012, may be written on the back of the the towel of babel and the great floods. The end of the watchers and the begining. This may be the begining of the end. Times flies, is it 6000 years already?
Short the e/j again, as the dow and other us equities are getting hit now. Not sure what the driver is but will take it. Really watching the CAD for an entry but the big FA looms in 25 min. fti, are you trading today?
Hi GEfx good , I see found pot of gold at the tip of the rainbow.
No I am still on sidelines.
Gotta get some reliable brokers first, as I had dumped the whole sack of rotten potatoes in my sack. Soon, soon , I will be on wagon . Cannot sit away from the hottest thingy since Apple pie, can I? Can operate with citi, but their credit risk ratings , similarly to moody's re ratings had dropped into the red zone.
Ah ha, Been checking the markets today. Its one of those trade days. If I had to write a report about the markets today, This would be the headlines. "The Lady Euro pimped by asian reserves manager today."
On other fronts.
This is a sad month for me, again.
I recently visited one of my many "old" mentor and teacher. He was diagnosed with cancer stage 4 all over his insides.In mark my respects for him, and remembering him as one of my great mentors in lessons in life. Mr KC Liu, sir . Salutation. Thanks for the comradeship, Play up, Play Up, Play Up Mr. Queen Scout.
regards
For you Sir, Again.
1. A SCOUT'S HONOUR IS TO BE TRUSTED.
If a scout says "On my honour it is so," that means it is so, just as if he had taken a most solemn oath. Similarly, if a scout officer says to a scout, "I trust you on your honour to do this," the Scout is bound to carry out the order to the very best of his ability, and to let nothing interfere with his doing so. If a scout were to break his honour by telling a lie, or by not carrying out an order exactly when trusted on his honour to do so, he would cease to be a scout, and must hand over his scout badge and never be allowed to wear it again.
2. A SCOUT IS LOYAL to the Queen, and to his officers, and to his country, and to his employers. He must stick to them through thick and thin against anyone who is their enemy, or who even talks badly of them.
3. A SCOUT'S DUTY IS TO BE USEFUL AND TO HELP OTHERS. And he is to do his duty before anything else, even though he gives up his own pleasure, or comfort, or safety to do it. When in difficulty to know which of two things to do, he must ask himself, "Which is my duty?" that is, "Which is best for other people?"---and do that one. He must Be Prepared at any time to save life, or to help injured persons. And he must do a good turn to somebody every day.
4. A SCOUT IS A FRIEND TO ALL, AND A BROTHER TO EVERY OTHER SCOUT, NO MATTER TO WHAT SOCIAL CLASS THE OTHER BELONGS. If a scout meets another scout, even though a stranger to him, he must speak to him, and help him in any way that he can, either to carry out the duty he is then doing, or by giving him food, or, as far as possible, anything that he may be in want of. A scout must never be a SNOB. A snob is one who looks down upon another because he is poorer, or who is poor and resents another because he is rich. A scout accepts the other man as he finds him, and makes the best of him -- "Kim," the boy scout, was called by the Indians "Little friend of all the world," and that is the name which every scout should earn for himself.
5. A SCOUT IS COURTEOUS: That is, he is polite to all--but especially to women and children and old people and invalids, cripples, etc. And he must not take any reward for being helpful or courteous.
6. A SCOUT IS A FRIEND TO ANIMALS. He should save them as far as possible from pain, and should not kill any animal unnecessarily, even if it is only a fly---for it is one of God's creatures.
7. A SCOUT OBEYS ORDERS of his patrol-leader, or scout master without question. Even if he gets an order he does not like, he must do as soldiers and sailors do, he must carry it out all the same because it is his duty; and after he has done it he can come and state any reasons against it: but he must carry out the order at once. That is discipline.
8. A SCOUT SMILES AND WHISTLES under all circumstances.
When he gets an order he should obey it cheerily and readily, not in a slow, hang-dog sort of way. Scouts never grouse at hardships, nor whine at each other, nor swear when put out. When you just miss a train, or some one treads on your favourite corn---not that a scout ought to have such things as corns--- or under any annoying circumstances, you should force yourself to smile at once, and then whistle a tune, and you will be all right. A scout goes about with a smile on and whistling. It cheers him and cheers other people, especially in time of danger, for he keeps it up then all the same. The punishment for swearing or bad language is for each offence a mug of cold water to be poured down the offender's sleeve by the other scouts.
9. A SCOUT IS THRIFTY, that is, he saves every penny he can, and puts it in the bank, so that he may have money to keep himself when out of work, and thus not make himself a burden to others; or that he may have money to give away to others when they need it.
I do not see you guys talk much about how u enter or when u enter a trade...
All I see is words...
Picture says a thousand words??
Sonic
If you don't like it here, feel free to exile yourself.
Hi all,
Was monitoring the market, thru MBT MT4 charts.
OMG, if I traded theu their pricing , I would betrading blind.
Talk about bad brokers, all that hype about, professional broking , and with the marbles to ask for bro.
I don't like brokers that is all talk, no delivery.
I spit spit spit spit on you MBT.
Hi fti, hope you are well. Again, sorry to hear about your friend. You Okay?
Hi GEfx, as good as can be
was thinking of monitoring the markets thru MBT MT$.
They tried to make such a point about being professionals, but instead got me blind to markets price. So so disappointed
and the ITFX MT4 charts I recommended in the thread, seems some bodys got to them. They joined the Shame list.
so is for GFT , IG.
Seems I cannot find any reliable retail brokerage . May need go back to spots , or futures.
this OTC thingy , just seems not working. All talk , no delivery. Maybe the Authorities , shouls see that they mean what they hype about. The IG chap says, 1 pip, then they show 3 mostly, When asked they say , oh, its FROM 1 pip.
If only the true retail brokers will show up to send all the scams to the jailhouse.
I've been using mbt for a few years already, never touched their mt4 though. So sad to hear your bad experience with them, was rather happy when they cut commish recently. Despite that I m using them much lesser, lousy fills, espcially with larger orders, weird.....
Hi mark,
Still in experimental mode, for retail forex. Have many things happening, some good, some bad.
trade wise, got to get on the ball. Probably jan, if this world doesn't do the 2012 thingy. Book had been dormant mostly since the last quarter due to a project
for otc brokers , maybe 2 more trials, Citi fx pro and oanda.
every body else I tried bit the dust, in so far as being genuine and professional. Anyway no rush. Also thinking about the true ECNs, but they, down right snobbish in terms of ticket size. Maybe if they get more hungry.
Some people emailed me about brokers, regret notthing nice to report so far.
Right now a lot of my $$ in in oanda sg. I've checked out phililps while in town recently, they use currenex feed, there heavy advertising got me curious again, but terrible commish and salesman dont know what he is talking about. Too bad. Oanda is really unbeatable in terms of cost.
I see you are not ready to give up retail brokers yet ? All the best. hope something good come soon.
regards.
Oh btw, Ong First also offer fx trading, not fantastic commish however is waived if can hit certain volume, you...
Hi mark,
problem with oanda as i understand is alot of hidden fees. How would you like to be charged fees for depos with them?
POEMs of phillips, you are kidding right?
Ong 1 is stock broker la, forex is alien
As far as my research went, non , not one Sg bro is in the leagues. Sorry.
I am so very glad. I am so glad in reading the postings here that, Many here have become Masters, of their own right. It helps me not having to repeat points again and again. What is best is that many are willing to come forth to help those that may be still understudying the required skills.
Its makes my heart feel warm.
There is no training to substitute experience. Each must walk their own paths, finding and overcoming their own scorpions. Aptitude cannot be taught, best all can do is to guide towards the development.
Please all my friends, remember , that we are all human, and when we get together, personality clashes can happen. We are all different althought of like mindset.If such occurs, it is best we take a step back to compromise and find synergies, than rub each other in the wrong way. If we hold to this honour, then we will have a community of friends forever or until FF ceases to be.Help each other when we can, experiment and trash out issues as they arise, to find the best practises. Have the ability to agree to disagree sometimes, to find the truth. Many of us will find our way thru mistakes, lest the mistakes exterminate us.
Keep up, Play up
I will be online with you , as and when I find the time and energy to do so. While I am finding my footing, Meantime, I am very sure , there is enough good people here to keep the community ALIVE.
Kudos.
Good Fortune ALL
regards.
Remember, even the best trained can be killed, if they are not careful. Some of you have passed Boot Camp.
BATTLESTATIONS., See you on the beach ! AND never take off your helmet in running battles.
Hi ALL,
In rememberance of my Dad.
With so much happening this month. He just pop up in my mind, so much comfort and peace. He being the 100% Fuzhou man that he is, alway the toughest man in the world and of highest charisma, no question. Unshakable like a mountain. Even till the end.
Just a question regarding the sticky about market structure you mention below.
With respect to your quote "I had perused, and I find that although a little of the info was not detailed accurate"
Could you elaborate as to what you could add to improve the information or what is not detailed accurate?
[color=black][font=Verdana]Just...
Hi,
The tiers mentioned in the article is more inclined to broking tiering of spot forex interbank. The direct spot interbank tiers are differently structured. Nevertheless direct spot interbank has little relevence for retail understanding, except for the banks concerned. So generally, there is no harm done, the structure proposed , is good enough for retail players general knowledge.
and I read that Saxo has a office in SG.
(although I don`t like Saxo)
I hope that help.
Rgs,
Textor
Hi Tex, , To me Saxo is akin to a techie experiment, trying to imitate the real stuff. Far from it, my friend, lots of hype , little delivery.) Maybe if they get more real dealers to direct them than IT dreams. Maybe one day they will meet to standards.
Just because they drive a car with a sports car design, doesn't mean its so under the hood.More over to belive that they can fly is funny, very funny. I tried go for a joy flight, as they advertised. it crashed. That was sometime back, I hope they had made amendments.
worst of all, they blamed my inexperience. What a joke. Wait till they read my credentials. These people may be too proud , to understand that they had err.
ah yes a talk on brokers..
I been with OANDA demo-ing the last month or so, was with DBFX before and now just started on SAXO. OANDA's spreads are really to die for... can barely even get spreads like that in the interbank markets on the EUR/USD. OANDA seems the best of the lot for me.. but, a major concern is how they disconnect you from time to time... I am still fresh in this retail brokerage game.. can somebody with experience with OANDA enlighten me? as I am probably a whisker away from depositing some serious cash with them..
*I am referring...
Hi 012,
all is well as can be. You should be on holidays by now? Interbank's quite quiet already.
yes, the oanda prices are real slick. but like you mentioned, they drop line sometimes, esp at most critical timing. I had experienced much of these with many brokers. If on professional levels, many will get the line off for at least a few weeks. But retail has no clout, so grind teeth. A hard place and the deep blue sea. At retail broking, I guess , if situation get hairy, they off line. Even some lower tier banks does the same, on and off. Its not like these chaps are tier 1. Only that interbank have many access avenues, retail traders are locked to their brokers. So the trick is to have a few brokers, spread the business around with the hard working ones and let the scums scavenge for business in the rubbish bins.
ah yes.. FTI...starve them.. haha... but yes Interbank is very very quiet... there are even news of brokerage houses thinking about consolidating or closing shop.. its pretty bad.. markets are extremely thin..most players are squared up going into the new year...even IB vols are coming off...for certain exotic crosses... riskies are kinda flat.. not much action..
so that gives me more time to participate here and read up and learn more.. and demo as well.. okay well if thats a disadvantage that all retail brokers have, i would have to go with OANDA...
hi,
ya the bad thingy about oanda , is that I don't like them taxing customer withdrawals. and incrementally. They suppose to be on the ball and make the dough from business, not taxes.
012, as I had testified, reliance on indicators builds for rigidity and sloppyness in mindset. Their performance depends much on the perimeter sets of their holy grails. And there is alway a trade-off from between too close and too far. From my experience, had not seen any dealers on indicators being consistent in their performance. Whereas, the bread and mortars boys nimbleness, and dynamics overshadows those on indicator leads."Feel" and vigilance builds for better in my opinion. To make money from the dynamic market, skill and vigilance is a prerequisite. Even rigidity in money management is a no no with me. All of Technical Analysis to me is only a small part of my decision process.
1 question.. how do you know what the real price of the market is? from another broker or?
FX is shady business...there is no integrity in retail FX i would assume so.. no "word is my bond". So i am actually okay with the slippage so to speak.. but i do seek clarification for the question above.
, you know 012, even amongst interbank brokers they don't share the dealer "bond" motto. so don't expect it from the small ticket brokers la. Generally there is slight slippage, broker to broker. In essence for small tickets , it probably drops into some junior dealers nostrols. so prices within the scope of reuters"asap" indication is respectable, i guess. if you watch a few broker prices, after some time, you can roughly gauge which brokers are on and which are off. Unless we have some professionals arbitraging the small ticket prices, improvement is not expected anytime soon.
Like for oanda, they carry a 0.9 pip ball and chain mostly. so by default they should be quite on the ball mostly. But do expect some book bias, from time to time.
No doubt many qualities as he shared his life with others, not to mention that chip off the ole block who now shares the things learned with others.
Thanks to you and your family.
Thanks for your kind words.
Dad must be laughing too.
Mount up boys, Jans coming soon
but first, CHRISTMAS.)
A tribute,
To Lord of Lords,
King of Kings,
The most high.
Thanks for CHRISTMAS, that all who wants can be saved, will be.
Thanks for your blood to cleanse sin from mine,
and your body which I eat, make me whole again.
Thy Will, be done on earth, as heaven.
Mary , Did you know.
For God so loved the world, that He gave His only begotten Son, that whosoever believeth in Him should not perish, but have everlasting life.
Yes ... Christ is the hope and "killing of Christ" is then eternal life.
Ya , Gro, seems God 's style is always sacrificial testing, Abraham passed the test, without having to kill his son.
God, his testing is not testing, its dang painful , huh.
Well, whats that to God, Sins are more painful to him, I guess.
Do you know why chet is always sucking away at heli's anus.
It's known as the pyramid effects.
its documented. Is the binderberg effects real. Maybe. but sure scares the shit out of my portfolio.
I guess Gold and precious metals, seems the only harbour of safety now. A good advice from a super fund manager I know, he always says only real investments is "real" investments, they have to be tangible. But most of all , it must be STORE OF VALUE. Trust is a dirty word in investments world. So seem the shit hits the fan for the USD, seems the Euro is not spared. Give me the deutschemarks anytime. at least they were independent and sovereign. SOmebody was resposible and accountable for its value.
Is this really happening? Trying to cpmprehend it gives my mind an overload.
regards
Wake Up Call - New World Order Documentary - Remastered - part 01 of 16
Thank you to the Lord for such wisdom and understanding, from Christmas.
M't:5:3: Blessed are the poor in spirit: for theirs is the kingdom of heaven.
M't:5:4: Blessed are they that mourn: for they shall be comforted.
M't:5:5: Blessed are the meek: for they shall inherit the earth.
M't:5:6: Blessed are they which do hunger and thirst after righteousness: for they shall be filled.
M't:5:7: Blessed are the merciful: for they shall obtain mercy.
M't:5:8: Blessed are the pure in heart: for they shall see God.
M't:5:9: Blessed are the peacemakers: for they shall be called the children of God.
M't:5:10: Blessed are they which are persecuted for righteousness' sake: for theirs is the kingdom of heaven.
M't:5:11: Blessed are ye, when men shall revile you, and persecute you, and shall say all manner of evil against you falsely, for my sake.
Amen
Also oh Lord, Blessed are those who are not so intelligent,
for they can understand and comprehend(learn), instead of creating elephants from horses.
Blessed are the unlearned, for they can follow teachings zealously.
Thank you for the lessons of life.
The lessons about traders.
Those that understand, will.
Those that cannot , won't.
islandorange, Thanks, much touched.
And am glad its good for you.
And to ALL, Merry Christmas and Happy New Year.
Thanks for alll the nice videos. I caught the last selling by its tail, just warming up for January Battles.
since US just closed shop, fti, are you familiar with oanda box options ? look like a double no touch strategy to me....
Hi mark,
boxes are option premium locks that are riskless. This strategies can be legged and carried into maturity if no one comes to unwind them for you. In effect, boxes is time money premium locks. This for sophisticated traders only. Wonder why oanda have this available.Does nothing for open positions boxes locks except tie up writers margins.
The box options at Oanda are different than what you are thinking I believe, although I have never looked at the maths they use, your just picking a price level and time for the market to hit but their R:R is no good, at least it seemed that way to me when i looked at them.
fwiw,
@ FTI, by your posts, are you going to be back in the spot markets after the 1st?
regards
nope aux, on the 4th Jan
and nobody in the retail ticket should have anything to do with the boxes. Thats killing flys with trucks model(Big cap to make pittance). It only for BIG Boys.Wondering why retail broking offering this. Beware your cost of funds in the equation. Time is short, so time money will be very X, in % terms.Becareful the premium spreads. I bet volatility pricing is X as well.
Merry Christmas and Happy New Year.
regards
Far East is gonna bring us to nice prices for usd buying
Had a chance to look at most of the 16, certainly thought provoking.
Theres some more craziness for ya at these you tube videos.
loosechange.com 911 2nd additon, I was never a conspiracy kind of guy however after watching this, it is certainly thought provoking.
HAARP -China earthquake
FEMA concentration camps prepared also glen beck responds with fema camp myth buster to counter original
FEMA caskets
if someone wants to attach the clips go ahead as I dont know how.
Hi lilpip,
New Years on the way. Wonder what comes with it, Bundled.
Could the FEMA caskets be for storage of USD?
I don't know. Seems printed too much, need storage?
New World !!
Roger Whittaker,1971,New World in the Morning
Wanted to post the Roger Whittaker song "From the People" but cannot find it anywhere, yet
The battle between Bulls and Bears is nothing.............compared to the Battle between customers and Broking Market makers. We'll call them Brokemarketmakers.
I dont know whats more amazing, the patience and the troops that were brought for the rescue exercise or that buffalo can read the art of war.
lilpip, for them no reading was required.
in fact, the aow, is something everyone(thing) knows, Its the art for survival. Its just that mostly the hynotised people living in "safe" environments and their zombie like lifestyles had forgotten, due to non practise. Probably also due to "thinking deterioration".
Like the laws of nature. what you don't use you lose.
The Year is drawing to a close. And Ii was thinking, what is the most appropriate present for you chaps.
So here it is, I hope you like it.
After after 3 years since I unveiled it for you , it seems that many still connot understand this point. Sometimes people gets so into the woods that they cannot see the forest. 3 years ago, I said that it is important that you understand the structure of the OTC markets. And in the aow training I hinted that you must know "the enemy' and "the terrain" in which you battled. The point still eludes many, from the mindset I gathered from the emails that I received.
OK, I give it straight, this time ,see if you can get it right.
The OTC market structure is a pyramid. It is owned and controlled., by the apex of the structure. On the demand and supply components of the structure. the owners and market makers is on the supply side of the equation. The demand side is made up of brainless "consumers" who have no access to the market except thru channels that rip them of by wide spreads of bid and offer prices. Take a look at any Bank's board rates. Then the money changers. Then the corp customers who have better access. They biggest pips are taken by payment systems and wire systems, ie credit/debit cards, telegraphic transfers,treveller checks,visa,masterchage,paypal..... ...........
There is no real Demand /Supply driven movements. All movements is to manipulate pips from the unsuspecting.
Althougj the market is very large, it is managed at micro levels.Each of its own apex. And the pips are taken out on micro interval. The losses are bubbled in the market for users. Once a while , the agencies will release figs to induce the deflating of that loss bubble, so that the process can continue. Do not think that buying and selling of the currencies have any impact on the markets. It has impact only at apex levels.
You can buy or sell a billion, it will still have no impact. It has only rippling impact only, before the pips are taken out. Then it becomes a bubble for the apex to manipulate. Such is the structure of OTC markets.
Your broker is your apex. You have no access to the markets, not in a real way the brokers and the mmakers and all fee based of the structure had taken their pips whenever you trade. Do you know how to take your share?.
Ai Ya, I can do the Malaguena finger warm up exercises batter than this la. Oops that was 40 years ago. Now my fingers stiff like tree branches. Happy 2010
Ai Ya, every student at Yamaha music school can play the Romance de Amor la. You should had listen to my performance 40 years ago.
Ooops, I am Listening,
Good Flemenco guitar, onder if he's gypsy.
Happy New Year 2010.
Cuppa of nice Latte and listening to masters play. The Mr Liebertand SANTANA. Ai yo, samba pati
Tommy Emmanuel, Chet Atkin's style waltzing matilda
Fields of Go.....ld.
Chet Atkins & Earl Klugh
Russell Malone
Ai ya , cannot find his saint louis blues, best you'll ever hear. Anyway, How deep is your love.
Oh My goodness, I forgot about Al, there's so many masters.
Gary Moore
Ai ya , this gotta stop.its too many. FF is becoming music broadcaster.
If this is the case then why do you all (on this thread) follow the news and fundamentals? Doesn't make sense.
so sad why some still cannot see.
well in a few words, because if you read hard, think and drop the egor, you'll beat the rigid masses, and yourself. Most important is one word, financial independence. May look likr one word too many to you.
If you cannot understand, well then you don't. Just that simple. Don't make cents, make big bucks.
Why? you asked, Because , if you did understand , you win ALWAYS, no question. Still don't believe me, thats fine, its your life. Make the best of it.
I'm suprised by some of your vouchers, if it wasn't for them then I'd have no problem calling you a complete fraud and BS'er. Also, it would help if you wrote things in a way which could be understood, then i'd be able to make a better judgement with regards to the validity of what you say.
call me whatever you like. Money talks, BS walks. About your inability to understand, well don't take that too hard on yourself. A good education , it takes much resources,abilities and time.
see you in the markets. try not to trip on your way out.
You know, Leonlorenzo, it is a long story why we love news and fundamentals,
I think when you read the whole thread, you will understand.
We use also MACD, STOCH, WMA's, RSI, Trix, Trax, and also Trux,
all this stuff in one chart...... we also drink Gin Tonic while we trade,
BTW, that's the 1st rule!
The 2nd rule is to put our laptops looking at wall street.
Hello fti,
Long time reader, seldom poster.
Reading through your thread, it really put a smile on my face.
And, was one of the reason to make a return to ff
Not every dealer I've come across would do so much in a public forum.
Happy New year and my best wishes,
Your friends on the other side of the trade.
Hi jacson101,
Ist meeting, nice timing.
well , old and retired , have some time to pay back, for those who gave me the opportunities in my fast lanes. Many better that I , went away silent, also in rememberance of them.
Mostly those that can 'understand", they helped themselves. Can bring the horses to the pond, can't make them drink. Seek and ye shall find. You sound much experienced.
FTI (in the 1st post I quoted) stated that the market does not move based on the true supply and demand for a currency - this is what confused me. In this thread there is emphasis on news and fundamentals, and one would only consider these things when making their trades if they thought the majority of traders would effect the supply or demand of a currency.
Any comments?
I thought you had an axe to grind. So you looking for education. Well since its New Year. And lest my ego overcomes me. Civility is first steps to humility.
OK , quick lesson in economic. try to read up and understand "Elasticity of Demand/Supply", That should lead you the right way.
Glad you dropped in.
Nice original vintage. beautiful.
regards
oops, Youtube is taking ages to upload the video, And I can't find it anywhere. So lets see if it will upload from 2009 , maybe till 2010 to get it up. Patience is being tested.
Glad you dropped in.
Nice original vintage. beautiful.
regards
oops, Youtube is taking ages to upload the video, And I can't find it anywhere. So lets see if it will upload from 2009 , maybe till 2010 to get it up. Patience is being tested.
Ai Ya , Yes , at Last , Yes
HAPPY NEW YEAR , ALL,
may your pockets be overflowing, and your mind too, with God.
Great Fortunes in 2010, to all.
regards
Nice to see all of you,
@imjscn
@maheswara
@islandorange
@Gro
@GEfx
@DutchAngel
@lilpips, ai yas , small teaching, in real-life economics only, read about the elasticity of Demand and Supply , and how it can be made to be in the different modes, and you will understand la.
@pete.alfa
@Marlon
@Turveyd
@aiyahmarklah
@Druid
@mijamoto
@M-H Trader
@Setebos
@Jhig. lol , well read the thread carefully, but I am aware of not much new stuff under the sun, rehashing old thoughts, you have ti fig that out yourself.: )
@fana
@Baifu ,welcome welcome, thanks for your kind words.I am glad that you are putting your treasures to productivity.
@jacson101
@textor
@012,
@indianguyinny 24, nice poem and thanks you for faith,
@zoran,
@1234
and to all the friends that are busy elsewhere. times
haven't done much vouching this year.
will get to it in jan 2010, if this old brain can remember not to forget.
Hello, this is my first post in FF, only to give thanks and tell you my story.
My first contact with the markets was in mid-2007. I started reading some books, and after a couple of months I was trading CFDs with real money, very little money indeed. I switched to YM, but immediately I closed the account because I saw that although it seemed easy, in reality it's not: my trading was limited by the size of my account, and small movements swept my positions. And I don't want to say anything about my mindset :-(
I had to do it otherwise. I started...
Hi karonte,
Welcome.
seems you're getting good into you learning curve.
Hold greed scorpion down , and cautiously see if you can slowly internalise the 'feel" and battle abilities.
try stay 3X of daily risk profile, and you should be safe. Your watching your risk snoball on spread sheet is good, until you get the figs estimates into your mindset. vlitility may be the soup o the year. See i you can stay within her gyrations.i becoms excessive, try scaling down your base skew.
lilpip, my dragon is mine. Try find yours.
Nice lanterns.
regards
PS and that peter schiff guy, I don't know.
In the same breath he calls you stay off buy paper, and then goes to ask to buy paper. Stocks are corp debt paper, be aware.
Here is a happy thought to start the new year. My mind goes to wierd places when I am skiing -- LOL. Consider the enormous debt levels that the US, Europe, Japan and UK have built up to now, and are planning to build over the next ten years, will they ever be able to pay them off? The answer, which I think is well understood by everyone, is no. The solution for the US will be a devaluation of the dollar. I think the US devalued the dollar by 75% in 1934, so perhaps that is a good level to move toward when this happens. It will be interesting to...
Hey Gefx,
broke noting on the slopes? no records ? or maybe some hearts?
the market is all poised for much volitility, this 1st quarter.
bias to very very bearish usd.but when all media and info turns too directional, things gets very tricky. As usual, I just remind that nimbleness can get you out of tight situations. even not into them.
Bias is bias, we still need dance her.
so lock and load.
scouts teams in front, the commanders in the middle and the army behind in groups .
Battle stations in a few hours time. Make me proud.
But no rushing, listen to the music and dance the tune .
regards
Dedicated to the USD.
I find the scratching the balls part, such a novelty. reminds me , this year, the steel balls out for scratching.
From what Ive understood he mostly went to metals for that very reason.
metalsis ok if its the precious metals group. basically gold, palladium (white Gold), platinum, titanium
when it comes down to base commercial metals, there is too much inventory cost, makes cost of carry negative.
One frind of mine have so much silver bricks, I believe he may be considering using it as construction material. The other thing is the secondary gold and silver markets are pricing up.
esp photography solutions silver recovery, and pawn resmelting of consumer gold.
These days, hedging requires more dynamic and mobile avenues, most are still impeded by Laws and By-Laws.
Non margined mobility of currency wealth, seems most viable avenue for now.
But the caption, that symbol of prosperity through fortitude and hard work applies.
Hows that?
goes without having to say it, isn't it.
its a given. however I apologise or forgetting to compliment your sharpness and attention to details. fare you good in your dance. Soon all my "secrets" will be in the open?
The e/u sure doesnt seem very motivated to head north, will see what the week brings.
for her to be able to spring, she has to find her spring board.
until that firm support is seen, big money would be sidelined.
no one knows the time or hour, keep vigilant.
Be aware the whole world is eyeballing this usd plunge. So mmakers will be at it to test balls of weak holders and speculators. So expect every trick from the book.
regards
I as contempulating leading the thread on this roller coaster rides, but I am aware that the swift gapping and volatility will make it extermely counterproductive as the timing of those hits, is critical to the book's costing.
best I could do is to set possibilities zones, hen they form, but to trained eyes, these will be obvious.
However, lets see hat I can do.
!st things first.
Gotta get a feel of what the order books looks. eyeballs on fareast/tokyo book first.
today expecting 2 way action. As 2010 order book rebuilts.
Hi fti, i am sure you had a good start for the new year.
The above post and subsequent argument was interesting for me. However, I hope you can bring more clarity to it. Like you say there is no real supply and demand driven price movements. In the nutshell, in retail forex, it is all artifical prices or (relative prices ?). Therefore all wins and losses are at broker levels and had no meaningful impact in the real market place. The percived trends are really just illsuions then ? And if such a case is true, then ETF/ETN products would be a...
reservist, pray they not send you to mosqi island maybe just guard furniture or flag pole.
ai ya, not that there is no real ss/dd driver. Just that, that happens at apex levels. Your price rigidity is dependent on you brokers books and can be shaded anywhere between 25 to 50 pips from my findings. They make it impossible to arbitrage them to market , as they use computer tricks to shade the price infractions. They can make the ss or dd elasticity as rigid as they want it, using computers to price , with one eye on your blotter and another on the interbank. I esp found slippage of the shades very irritating to customer blotters. But of course if many traders are contrarian to your positions , then it works for you. but every time you mouse to your orderbook, comps guarding you too.
Their ss/dd elasticity rigidity is due to their computerised book shadings, la
regards
I hate highlighting the problems , without solutions.
Solution, have multiple brokers. Not every brokers books is shading the same. esp those of very fine spreads, then the brokers always shading the same, is because ids o same apex. You try enough of them, you will sandbox , the some out.
This price infraction thingy is OTC characteristics, only ay to solve it is to have exchange trading. The higher cost of filling trades and clearing of trades, the cure is in fact worst than the disease.
LOL the ns song is hilarious...i was from the navy, probably will be sailing the same routes as practice only. Only pray that the weather will cooperate.
ok arbing is out of the question, but I feel that even if shading is widely practiced, it is quite easy to catch since there are so many quote sources available. Its ok, I understand you cant say too much. Thanks anyway..
just read your edited post, yah i use multiple brokers too....many times especially before those NFA new regulations, can easily see who is from the same apex when a...
Good for you, at least you get to sail about and watch the girls in wet suits. mostly you spared the mosqi.
Is the brokers shade is relation to their book vs. actual market ( attempt to reduce risk)? Or attempt to garner profits outside reduced spread?
Can the shade be used as indicator? At times I can catch Oanda's shade changing from biased to neutral. Shading normally in the direction of the current move, the only way to enter close to market during those times it seems is to enter contrairian but this leaves you vulnerable trying to catch the knife.
No aux, this is a characteristic of OTC markets. It happens in the spot interbank as well. The difference is that in the interbank market access is multiple in terms of counterparties as well as medium of trading. At retail tickets and margined you are mercied to your chosen broker. and if you are apexed the same then your market access is limited. Moreover your blotter is eyeballed and your mouse monitored and reacted to at nano seconds speed. Of course if you are flash gordon , thats poses no problems.
Like I said, the comps shades reacts to both market as well as your blotter, so in essence the net impact is slippage, which can add up over time. Some even resort to hung platforms and other technicals to squeeze the pips from the trades. This their IT advantage, but ith multiple access , you can play them at their own game.
What ever you need to do in the markets , you have to do. Do not allow broker shading frustration to influence your trading dance. That is not a trade process decision.
But knowing where the better access are makes for better bottom line. Over time the % ratio to profits can be in the high %s. even to the high 50 s
I volunteer to be the one cleaning up the silver falling off his work bench making a mess on the floor.
sure , lilpip, make him a price, he delivers fob at South EAsia ports. But you need container vessel, he is bullion trader. and insurance is at your risk. But you had better check if you can park the silver with the Hunt brothers.
Alternative is to replace your aluminium panels in your house with silver. Reminds me , thinking of changing all my taps to solid gold. that ay at least the bullion is put to productivity.)
fti asked:"Do you know how to take your share?. " in a trend, i buy weakness and sell strenght. in my latest experiences often below and above obvious s/r levels.
kind greets, pax
, needs guts and MM, right?
if wrong what do you do?
my biggest profits are in congestions, my fastest profits in a trend. Do you know why?
for traders following the trades, the 1st trade was err posted as Short , in fact as long euro
is edited above
Seems no traders following
, so I may stop posting trades
even I missed posted position no one noticed.
I am surprised no even 1 person questioned
I have to get some sleep here soon my day starts in 3 hours.
yes
look at your hourly charts, this girls are not even tradable on hourly basis.
so might as well just relax
sporadic gaps not gonna arouse my interest la
don't worry , seems between now and youe zone, she's just gapping around, looking for business.
next buy 4410 and closing out @ 4420 and going to bed.
yeah market untragabe still
mmakers gaming
seems all the paper buying was yesterday
and most are term
so not much trading interest
hope this not the case for too long
so chasing runs is a no no for a period
stay small and able to ride volitility
So be very wary of breakouts.
Let the term traders and fund managers have their rides.
The terrain detected its going to be breakout hell mode.
And my compiter is so dang slow, its like 10 users are on it. Thank goodness , I don't trade on this comp. Just a word of advise.My security protocol is on system, irf you hack me you WILL be processed by Law.
Eur appears a bit naughty today. she first tried to kill sellers in Tokyo, then, tried to kill buyers in London. I feel like hearing her sing "Squeeze! Squeeze! Squeeze them all !!!"
Ok, I'm singing " Skew! Skew! Kick them all !!!"
imjscn, the buyers were not london,
the buyers were out somewhere in fft,
London mmakers they tried to buy cheap
so there's much buyers in London books, but cheap.
they will start chasing when they find that cheap doesn't come cheap.
The cycle flow is not to our advantage now,
so we just lepak for a while, ok.
the boys are still whipping lipstick off their faces,other than the early birds yesterday, seems they not got their shoes on yet.
May be bad usd figs will put some urgency for them to start work. Like I told you before, no amount of buying will rally the market, if they control the supply. They know those bearish the usd had already bought and waiting for the panic. now they squeeze weak holders and the impatient.
when they become dealers, people develop arrogance.
Thats why when I as in treasury, I alays paid them by their performance. And performance does not mean only the bottom line. Also encompasses, their attitute and personality. Thats why e designed the hardship allowance for dealers.
In fact i can train monkeys to trade, if P&L was the yardstick.
Those with chips on their shoulders, I send them to the grinders. And I have many. Once i sent senior dealer to work my trades at the bonds pits of a trading floor. Made him stand in the pit for long long hours working my orders. develops some humility.
fti, i just observe, that EUR buyers weaken... Maybe they thing that dow is a little overbought for todays session...
the buyer didn't weaken, they all hiding underneath.
the price weaken. I don't know the reson, could be they want to test the weak buyers, also may be testing my balls. Downside has little scope.Nevertheless does not erase the fact that we are badly positioned.
So lets see how the music dances. Small is ok, got to see more clues to decide the process.
regards
PS Also the home figs last year show impprovement, and we have our 1st release this year tonight. so markets in no hurry to fly yet.
The dow influencing the forex?, in fact depending on how the usd fares. the corporate scene will follow. ) the equity markets, they have so much good will money and expectations money in built into its prices, that I am not surprised that with recovery of econmy, we may still see the market attrition.
would these dealers think it's cheap now if below 1.4400 stops where not in striking distance???
i have read "beat the forex dealer" stupid name but a fun book to read... also about dealer aspecialy retail MM. arrogance and how they love a good stop-sweep.
cheap and expensive is always relative to a benchmark. Depending on that benchmark, the perspective changes.
I would not venture a guess to whats happening, I have no view o the orders book.
But why is so big movement when theDow opens? Ithought that this is caused by this: When people dont like stock, they want dolar, when they want stocks, they dont want dolar...is cheapper... Question is, where is the vallue.... In stock or dolar... Please correct me when i am false. Thank you. regards
So you think the equity market impacts the usd market.
so whats that impact to the cable or Euro?
are you saying that equity investors in europe and england are dominant US?
oh wow ,
u called that punishment ? i would love to get the chance to work in the pit even if its just standing there the whole day , whenever I see those blue jacket pit traders on bloomberg , it feels like im watching a superhero movie ...
mahes,tell senior dealers in banks , that
when I was a kid wanted to be the guy running the merry go rounds as well. Seemed like much fun. But we know the truth, don't we. I arranged to try that for a little time, was really hellish.
I think so, equity market has impact to the usd market.
(eur/usd moves because of buying,selling mostly usd stocks, oil...)
Eur, Yen, Gbp are currency of non-leading economies, and are not such standard like the USD is
So Europeans wait mostly for usd markets...
And Europeans are not dominant in us, but think, that us markets are the most important and trade due to it...
That is what i thing... ?true
Regards
wrong, beep
usd moves because us citizens import and export goods and services. They were most watched, as they were the world's largest consumers of world goods and services after WW2. In regards ot being most dominant, they were, as consumers. Now is bills paying time.
The pasted generations of american, they kicked ass in many arenas, Unfortunately , its very soft now.
Generally, you are most powerful, when compliance is a given , and wishes respected. When force is applied to garner compliace, it is sign of weakness.
Sun Zi " when able to attack , they will not, there is no necessity to do so. hen unable they use force to instill fear." something like that.
Largest consummers? That is logical... So this was the engine...
initially after WW2, the growth was exponentially high. Althought they were largest consumers of goods and services, they were great innovators and productivity was high. The overconfidence, pride and high chair created wrong livestyle for those who came after seeking comfort without the effort. "For those long divided they unite, and those long united they divide." There is a chinese saying. Physical Wealth will not trancend 3 generations. Can you understand why?