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Technical Analysis Fallacy

  • #10,161
  • Aug 31, 2009 7:53am Aug 31, 2009 7:53am
Quoting mijamoto
If understood correctly out MM should be to try to achive a constant profit without many deviations? Therefore depends on markets we place positions and we shouldn't trade from the book but feel the market?
no mijamoto ,
mm is the controller of ur dance outlook... a defensive mm will have a different dance outcome then aggressive ones...
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,162
  • Aug 31, 2009 8:50am Aug 31, 2009 8:50am
Quoting mijamoto
If understood correctly out MM should be to try to achive a constant profit without many deviations? Therefore depends on markets we place positions and we shouldn't trade from the book but feel the market?
If I understand what you are saying here, then no, I am not trying to achieve constant profit without many deviations. I strive to achieve constant execution of strategy and I will take whatever profits or losses the market gives me. YOur trading strategy should have your MM incorporated within it, but never think that the book is too far from the front of your mind. And yes you are trying to feel the market.
  • #10,163
  • Aug 31, 2009 10:56am Aug 31, 2009 10:56am
Damn it, I fell asleep in my chair and bit my tongue when I woke up...still no movement either.
  • #10,164
  • Edited 6:30am Sep 1, 2009 6:19am | Edited 6:30am
Things are very quiet around here...
done for the day...
1D PA in range mode...with a southern tendency
CU you in Tokyo.
Empty as water and soft as a facing wind mountain
  • #10,165
  • Sep 1, 2009 6:38am Sep 1, 2009 6:38am
American traders, specially those that voted for Master O, need to read this:

http://thehill.com/homenews/house/56...all-street-tax

They are after our hard earned money...the b...ds.
Empty as water and soft as a facing wind mountain
  • #10,166
  • Sep 1, 2009 6:59am Sep 1, 2009 6:59am
If anyone reads this now can they tell me what price they have for cable on their platform please? I have 1.6234 bid with Alpari but Broco is 1.6222 !
Time is 15.59 (European) Or whatever your 16.00 candle finished at - I'm getting some serious discrepancies here - 28 pips now...

Forget it - I am so stupid I forgot all the US figs coming out
  • #10,167
  • Sep 1, 2009 8:08am Sep 1, 2009 8:08am
Quoting luSan
American traders, specially those that voted for Master O, need to read this:

http://thehill.com/homenews/house/56...all-street-tax

They are after our hard earned money...the b...ds.
I guess the AFL-CIO and their Dem friends do not realize that these traders, and the trading business they work for, will just move out of the US to avoid the tax. Then NYC will implode when these people leave and the city has no money.
  • #10,168
  • Sep 1, 2009 8:20am Sep 1, 2009 8:20am
you really get a sense of how fast the market is when you book small profit to go up and get a coffee come back a few minutes later and miss the big run
  • #10,169
  • Sep 1, 2009 8:34am Sep 1, 2009 8:34am
I jumped out of that too quick as well as I had just flipped a position to rescue and didn't want to overstay it. Been sitting on my hands to stop myself from being silly and trying to jump back in when it's too late.
  • #10,170
  • Sep 1, 2009 8:36am Sep 1, 2009 8:36am
Quoting GEfx
I guess the AFL-CIO and their Dem friends do not realize that these traders, and the trading business they work for, will just move out of the US to avoid the tax. Then NYC will implode when these people leave and the city has no money.
GEfx, it seems that the Dems believe that all people are suckers.

By the way, I just decided to stop trading this week. It is the week prior to labor day, people will start going on vacation tomorrow and I do not want to get trapped with open positions when liquididy drops to nil. This is a long Friday...
So, this was great week. I did 7 100 % succesfull trades.
I will stick around to chat to my trader friends, but no trading for me until next Monday evening.
Empty as water and soft as a facing wind mountain
  • #10,171
  • Sep 1, 2009 8:39am Sep 1, 2009 8:39am
good point on the holiday got to keep up with those little diddies
  • #10,172
  • Sep 1, 2009 8:40am Sep 1, 2009 8:40am
Surely the holiday won't have that much effect - London, Europe and Tokyo are not on holiday.
  • #10,173
  • Edited 3:06pm Sep 1, 2009 8:45am | Edited 3:06pm
If the tax is impossed, and europe and France follow I guess these traders could go trade somewhere like russia. Someone has to pay the bills.
  • #10,174
  • Edited 1:19pm Sep 1, 2009 9:31am | Edited 1:19pm
Quoting ukmanthailan
Surely the holiday won't have that much effect - London, Europe and Tokyo are not on holiday.
Something in me told me to stop...
so I will stop...until next Monday evening
Good luck to you..

Edit: Oh my...oh my...!
People short the dollar gat their behind destroyed today.
I pray that the crew was not shorting the dollar
and if they did...that they have the sense of flipping
and moved away from that rushing bull stampid.
Empty as water and soft as a facing wind mountain
  • #10,175
  • Edited 9:14pm Sep 1, 2009 5:00pm | Edited 9:14pm
Tax his land, tax his wage,
Tax his bed in which he lays.
Tax his tractor, tax his mule,
Teach him taxes is the rule.

Tax his cow, tax his goat,
Tax his pants, tax his coat.
Tax his ties, tax his shirts,
Tax his work, tax his dirt.

Tax his chew, tax his smoke,
Teach him taxes are no joke.
Tax his car, tax his grass,
Tax the roads he must pass.

Tax his food, tax his drink,
Tax him if he tries to think.
Tax his sodas, tax his beers,
If he cries, tax his tears.

Tax his bills, tax his gas,
Tax his notes, tax his cash.
Tax him good and let him know
That after taxes, he has no dough.

If he hollers, tax him more,
Tax him until he's good and sore.
Tax his coffin, tax his grave,
Tax the sod in which he lays.

Put these words upon his tomb,
"Taxes drove me to my doom!"
And when he's gone, we won't relax,
We'll still be after the inheritance tax.

If your making good money at something new it's only a matter of time, either they will legislate it until it's unprofitable or they will tax the hell out of it.

Inserted Video
  • #10,176
  • Sep 1, 2009 5:02pm Sep 1, 2009 5:02pm
Quoting auxesis
Tax his land, tax his wage,
Tax his bed in which he lays.
Tax his tractor, tax his mule,
Teach him taxes is the rule.

Tax his cow, tax his goat,
Tax his pants, tax his coat.
Tax his ties, tax his shirts,
Tax his work, tax his dirt.

Tax his chew, tax his smoke,
Teach him taxes are no joke.
Tax his car, tax his grass,
Tax the roads he must pass.

Tax his food, tax his drink,
Tax him if he tries to think.
Tax his sodas, tax his beers,
If he cries, tax his tears.

Tax his bills, tax his gas,
Tax his notes, tax his cash.
Tax him good and let him...
Do you live in New York State?
It looks like
Empty as water and soft as a facing wind mountain
  • #10,177
  • Sep 1, 2009 11:23pm Sep 1, 2009 11:23pm
Good Mornig Friends of the Dance!

Just for "sentimental" info:

0617 GMT [Dow Jones] ASIAN SUMMARY: Regional markets mostly lower, weighed by DJIA's overnight losses; Nikkei down 2.4%, S&P/ASX 200 down 1.6%, Kospi down 0.6%, HSI down 1.6%, Taipei +0.3%. Shanghai stocks ignore Wall Street, up 0.2%, led by refiners after fuel price hike. Vietnam shut. In FX market, risk aversion the theme with JPY picking up vs USD, EUR.

[...]

Disclaimer: Beaware of possible Cow Dung included ;-)
  • #10,178
  • Sep 2, 2009 12:02am Sep 2, 2009 12:02am
Ooooh - that's bad news:


2009.09.02 09:00:39 Cayman Islands May Introduce Taxes As Bankruptcy Looms -Report
  • #10,179
  • Sep 2, 2009 1:40am Sep 2, 2009 1:40am
Am I only confused or I just find these markets totally messed up
  • #10,180
  • Sep 2, 2009 1:53am Sep 2, 2009 1:53am
Quoting mijamoto
Am I only confused or I just find these markets totally messed up
Hmmmh - what should I say?
I like dancing with my lady (USDJPY) from yesterday NY close up to now :-)

I made some Long trades.
I made some schort trades.
And actually I'm scaling slightly into a new short position ...
But charts tell me, that I have to be very nimble and do a flip, if neccessary ;-)
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