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Technical Analysis Fallacy

  • #13,141
  • Jan 25, 2010 3:20pm Jan 25, 2010 3:20pm
The week is full of important figs.
Congress will decide the future of uncle Ben.
Too much for a poor monkey like me.
I will stay out and watch the show.
Have fun this week.
Empty as water and soft as a facing wind mountain
  • #13,142
  • Edited 5:15pm Jan 25, 2010 3:55pm | Edited 5:15pm
Quoting fti
the names are europe and American tier 1s, but who's the real purchasers? esp Goldman Sachs Group Inc., Morgan Stanley

"considering bond issues in Asia and the U.S. and may market debt to Greek retail investors"

I don't see much problems for them to sell paper in the markets, esp from the statement, they are not particular about the source of the funds. and they paying good yields, no?




regards
doughnuts.
Imho,
Goldman is an offshore entity, paid approx.1 mln $ in corp taxes to the gov't on net of 8 bln+.( Good fx desk though)

Morgan a Zombie(mitsubishi partner) walking away from lending commitments without the Bernanke Put.

Bond boys just locking in bps at auction, salesman doing their job.

Not much gamesmanship dynamics, very little trust across the board.

Am a little wary, but nothing that cannot be overcome.

Regards.
  • #13,143
  • Edited 6:44pm Jan 25, 2010 4:35pm | Edited 6:44pm
after the day and ny close I cant help but to take note of e/u 4155 area.

note taken @ 4175 , lookin for direction for scout entry.
  • #13,144
  • Edited 11:15pm Jan 25, 2010 7:40pm | Edited 11:15pm
that was a quick
eyes open u/j 8985-70
a/u 9023
a/u 8961
g/u 6200 and watching how 6229 area responds if we get there.
  • #13,145
  • Jan 25, 2010 10:24pm Jan 25, 2010 10:24pm
Asian session showing lots of activity nowdays ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,146
  • Jan 25, 2010 10:56pm Jan 25, 2010 10:56pm
what happened??...on UJ...

first time i fliped and lost money...



V
  • #13,147
  • Jan 25, 2010 11:06pm Jan 25, 2010 11:06pm
not sure wats going on V ,
all we can do is adapt ... get into defensive mm , crosses are tearing
probably some Jap guy talking out the market ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,148
  • Jan 25, 2010 11:10pm Jan 25, 2010 11:10pm
Hi, I'm new to this thread, right now I'm reading it from the beginning, I'm a fan of Carol Osler's studies on market microstructure, especially the forex markets, and Sam Seiden is another guy who puts orderflow above everything in the market, I like to learn from the core, currently just watching here, looks like a pretty live thread, and bear with me because I don't know much, haven't finished reading the FED release and all of Proffessor C.Osler studies yet

@fti : I'm a little new to fx, about 1,5 years into, but have been trading stock index futures for 1,5 yrs before that, there are no trendlines or squiggly lines on my chart, simply S/R lines and I never look at anything less than 4H TF, I still use my stops though .

I hope I'm qualified enough to participate here

Thanks.
  • #13,149
  • Jan 25, 2010 11:16pm Jan 25, 2010 11:16pm
Quoting maheswara
not sure wats going on V ,
all we can do is adapt ... get into defensive mm , crosses are tearing
probably some Jap guy talking out the market ...

thats what doing....trying to get breakeven ... no major loss some recovered...

ncie move though..... its kinda high to see such move... no matter my way or against...


V
  • #13,150
  • Jan 26, 2010 1:26am Jan 26, 2010 1:26am
  •  acim
  • | Joined Jan 2010 | Status: I'd rather be stacking :-P | 46 Posts
I'm jumping into the battle with "micro" live acct. Just can't test my emotions with demo. Played a bit with the beginning of the euro session. I was paying attention to my mind set .... probably due to small size all was good ... whether the pair was against or "with" my bias. Enjoyed the dance ..... all squared before news ...... made all of $5 bucks :-)

Happy trading :-P
  • #13,151
  • Jan 26, 2010 1:32am Jan 26, 2010 1:32am
@acim - best of luck, be cool, stay sharp and keep up the good work - that's a good start
Hope everyone's in the green as well.
Here's a good one:
http://www.bloomberg.com/avp/avp.htm...3lo3XZw1oU.asf
  • #13,152
  • Jan 26, 2010 7:56am Jan 26, 2010 7:56am
rather quite day for euro ... looks like everyone just waiting out ...
squaring out for the day , good trade n good luck
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,153
  • Jan 26, 2010 8:29am Jan 26, 2010 8:29am
Quoting acim
I'm jumping into the battle with "micro" live acct. Just can't test my emotions with demo. Played a bit with the beginning of the euro session. I was paying attention to my mind set .... probably due to small size all was good ... whether the pair was against or "with" my bias. Enjoyed the dance ..... all squared before news ...... made all of $5 bucks :-)

Happy trading :-P
Acim, many green pips for you.
  • #13,154
  • Jan 26, 2010 9:03am Jan 26, 2010 9:03am
Quoting maheswara
rather quite day for euro ... looks like everyone just waiting out ...
squaring out for the day , good trade n good luck
137pip range from 120pip 2 week average is not "quiet" (GMT time zone)

but I must admit that I felt a little uneasy today as well. Managed just a quick attack up to L3 and out. Made a little less that 1%.
  • #13,155
  • Jan 26, 2010 9:15am Jan 26, 2010 9:15am
Quoting Setebos
@acim - best of luck, be cool, stay sharp and keep up the good work - that's a good start
Hope everyone's in the green as well.
Here's a good one:
http://www.bloomberg.com/avp/avp.htm...3lo3XZw1oU.asf
yeah, watched it yesterday.

at one point the guest that is not Jim Rodgers pointed out how the numbers and news are cooked on bloomberg, lol.
  • #13,156
  • Jan 26, 2010 11:47am Jan 26, 2010 11:47am
I ahve question... i am using Oanda right now... but i am putting more funds on the block.. so was thinking to dissipiate the risk and put some money on other brokers...

any recomendation guys....



V
  • #13,157
  • Jan 26, 2010 1:30pm Jan 26, 2010 1:30pm
Quoting indianguyinny24
I ahve question... i am using Oanda right now... but i am putting more funds on the block.. so was thinking to dissipiate the risk and put some money on other brokers...

any recomendation guys....



V
hello,

i have always thought you are now in india but you are English???

if you are, this may be something for you.

http://marketindex.rbs.com/uk/Home.aspx

regards
even with my eyes open i cannot see everything
  • #13,158
  • Jan 26, 2010 1:32pm Jan 26, 2010 1:32pm
Quoting j-pax
hello,

i have always thought you are now in india but you are English???

if you are, this may be something for you.

http://marketindex.rbs.com/uk/Home.aspx

regards
I am in US.... i am indian.. works in Newyork... so looking for US based broker...
  • #13,159
  • Jan 26, 2010 1:42pm Jan 26, 2010 1:42pm
Quoting indianguyinny24
I am in US.... i am indian.. works in Newyork... so looking for US based broker...
ok, rbs marketindex only operates in the UK netherlands and germany...

good luck with your search
even with my eyes open i cannot see everything
  • #13,160
  • Edited 4:06pm Jan 26, 2010 3:45pm | Edited 4:06pm
Quoting indianguyinny24
I ahve question... i am using Oanda right now... but i am putting more funds on the block.. so was thinking to dissipiate the risk and put some money on other brokers...

any recomendation guys....



V
Very nice all in one platform for manual execution, big name, good liquidity, margin top ups, retail leverage.

PS. I'm not affiliated with DB in anyway, just a bump for autobahn.
Regards

https://www.autobahn.db.com/
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