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Technical Analysis Fallacy

  • #5,921
  • Sep 4, 2008 3:18am Sep 4, 2008 3:18am
Hi DutchAngel,

wish you some delayed:
"Happy birthday and all the best to you and your family"


Yeah I remember that thingy with the sticks. My younger sister had a similiar idea as I went into the fourties 2 years ago ...
  • #5,922
  • Sep 4, 2008 3:19am Sep 4, 2008 3:19am
Quoting MaMood
I'm relating to that report ...



Disclaimer: Be aware of possible bullshit included ;-)
MaMood

Thanks for report. I love the disclaimer, think i should put it in every post I make.
Hope isn't a viable investment vehicle.
  • #5,923
  • Sep 4, 2008 3:26am Sep 4, 2008 3:26am
Quoting MaMood
Hi DutchAngel,

wish you some delayed:
"Happy birthday and all the best to you and your family"


Yeah I remember that thingy with the sticks. My younger sister had a similiar idea as I went into the fourties 2 years ago ...
MaMood

Thanks. Yes, the joys of younger siblings.
Hope isn't a viable investment vehicle.
  • #5,924
  • Edited 4:32am Sep 4, 2008 3:57am | Edited 4:32am
Quoting aud
That's some tear.
Am I right in thinking if it was a sweep it would come down just as quick as it went up?
Hi aud,
This do not fell like sweeps only.
Seems they are very short of Euro esp Cable.
They sell the yen , then start to shade to collect their Eur and Cable.
The buying of cable is very solid.

Someones collecting currencies , except for the yen.
But the selling of USD is very organised, too organised.
The river shall flow no one can stop it.
if they resist it all the way it will meander.
but it will still flow.

regards

I get a funny feeling of the accumulation of the USD in mmakers books. They are probably waiting for the americas to come in to take back their USD. Otherwise we may have a market soon.
  • #5,925
  • Sep 4, 2008 4:22am Sep 4, 2008 4:22am
Quoting fti
Hi aud,
This do not fell like sweeps only.
Seems they are very short of Euro esp Cable.
hey sell the yen , then start to shade to collect their Eur and Cable.
The buying of cable is very solid.

Someones collecting currencies , except for the yen.
But the selling of USD is very organised, too organised.
The river shall flow no one can stop it.
if they resist it all the way it will meander.
but it will still flow.

regards

I get a funny feeling of the accumulation of the USD in mmakers books. They are probably waiting for the americas to come in to take back their USD. Otherwise we may have a market soon.
Hallo fti!

Thanks for that - the right insight at the right time. I was trying to make up my mind about what REALLY happens here in the markets.

Ciao!
Gnat - Matt
  • #5,926
  • Sep 4, 2008 4:37am Sep 4, 2008 4:37am
Hi MaMood, Dutchangel,

Thanks for the info.

The USD/yen will be a little tricky to trade.
There's conflicting undercurrents. But if you are nimble enough and well MMed.
You can "spread the butter" on them well.

For the uSD/yen, your relationship to continental currencies will be weird at times. Be aware, that you should be ware of the yen crosses.

regards.
  • #5,927
  • Sep 4, 2008 5:54am Sep 4, 2008 5:54am
Quoting fti



But the selling of USD is very organised, too organised.
The river shall flow no one can stop it.
if they resist it all the way it will meander.
but it will still flow.

regards
Seems like the river has meandered but has started flowing again.
Hope isn't a viable investment vehicle.
  • #5,928
  • Sep 4, 2008 7:26am Sep 4, 2008 7:26am
For anyone who wants to follow ecb press conference live, here is the link
http://www.ecb.eu/home/html/index.en.html

I think it could have been posted before but for convenience sake i reposted it.
Hope isn't a viable investment vehicle.
  • #5,929
  • Edited 9:55am Sep 4, 2008 9:43am | Edited 9:55am
Quoting fti
Hi MaMood, Dutchangel,

Thanks for the info.

The USD/yen will be a little tricky to trade.
There's conflicting undercurrents. But if you are nimble enough and well MMed.
You can "spread the butter" on them well.

For the uSD/yen, your relationship to continental currencies will be weird at times. Be aware, that you should be ware of the yen crosses.

regards.
You are so right!
Hoped that after all that ECB talking, things get a little more clear.
Still not sure about the bias of USDJPY for today.
Tend to short ...
But for now I will not do any strong actions, coz NY boys are going out for lunch ....
  • #5,930
  • Sep 4, 2008 10:03am Sep 4, 2008 10:03am
Quoting MaMood
You are so right!
Hoped that after all that ECB talking, things get a little more clear.
Still not sure about the bias of USDJPY for today.
Tend to short ...
But for now I will not do any strong actions, coz NY boys are going out for lunch ....
Hallo MaMood!

Do you trade only USDJPY?
In this case, Why?

Servus,

Textor
  • #5,931
  • Sep 4, 2008 10:13am Sep 4, 2008 10:13am
Quoting textor
Hallo MaMood!

Do you trade only USDJPY?
In this case, Why?

Servus,

Textor
Ja Servus Textor!

Yes - USDJPY only.

It's very easy to answer:
- I want to focus just on one pair and get used to it
- main reason is: with my broker the required margin in relation to the tickvalue is best of the 3 majors. (The margin influences the count of troops, I have a lot more troops with USDJPY, than with i.e. EURUSD)

Ciao ;-)
  • #5,932
  • Sep 4, 2008 10:21am Sep 4, 2008 10:21am
Quoting MaMood
Ja Servus Textor!

Yes - USDJPY only.

It's very easy to answer:
- I want to focus just on one pair and get used to it
- main reason is: with my broker the required margin in relation to the tickvalue is best of the 3 majors. (The margin influences the count of troops, I have a lot more troops with USDJPY, than with i.e. EURUSD)

Ciao ;-)
Thanks MaMood, I understand.

Servus :-)

Textor
  • #5,933
  • Edited 1:12pm Sep 4, 2008 12:29pm | Edited 1:12pm
Hi ALL,
Absolutely blatant manipulation .
Talk about liquidity.
Now you know why some countries prefer to peg the usd to levels they are comfortable with, don't you?
Insider trading must be punishable by Law. But whose to enforce it?
Nothing else to say for now. Only that Laws should be enforced and no one should be above it.

regards

Thank God, I was trading short charts.
Otherwise the loss would had been horrendous.
Sure pays to go with the flow doesn't it?, for those who can understand.
I really pity those that are trading daily charts.

Goodnight
  • #5,934
  • Sep 4, 2008 1:20pm Sep 4, 2008 1:20pm
Quoting MaMood
Ja Servus Textor!

Yes - USDJPY only.

It's very easy to answer:
- I want to focus just on one pair and get used to it
- main reason is: with my broker the required margin in relation to the tickvalue is best of the 3 majors. (The margin influences the count of troops, I have a lot more troops with USDJPY, than with i.e. EURUSD)

Ciao ;-)
I think I am going to switch over to the USD/JPY pair tonight and watch it. I had read leigh mention the idea of having more troops to fight with on some of the pairs but it never really occurred to me until I looked at the margin cost of 1u of USD/JPY versus 1u of EUR/USD on Oanda (.02 and .03 respectively).
  • #5,935
  • Sep 4, 2008 1:56pm Sep 4, 2008 1:56pm
Quoting DutchAngel
If a man should conquer in battle a thousand and a thousand more, and another should conquer himself, his would be the greater victory because the greatest of victories is the victory over oneself.
That's a GREAT quote, DutchAngel! You are a wonderful, Mom

I know we all strive to conquer ourselves and none of us will probably ever totally, but being willing to keep working at it and being open to feedback, always helps.

When I leave, please scold fti when he needs it. Because you have Mom instincts, I know you understand what I mean.

Oh, and Happy Belated Birthday!

Quoting DutchAngel
Warning some scorpions serve a purpose:
Kill all my demons and my angels may die too
LOL, okay, okay, I got your point

Just please, everybody, don't be reckless to let those demons kill the body/soul for good.

I want to share something with you before I go ... the reason I am probably being a pain in the arse about everybody being responsible for taking care of their health, lol, is because my sister's death totally devastated me. I was very close to her and she was too young to go (43). She was 6 years younger than me, and throughout our lives I was more like a mother to her.

She was a WORK-a-holic (we inherited that from our Dad) and for several years she was having a lot of health problems, especially sleep disorders, due to bad working habits. She would work at her computer until the wee hours of the morning, and get up very early to get back on her computer doing her writing and such, thus she got very little sleep every night. She was always under a lot of stress due to deadlines and the multitude of tasks she had to accomplish each day. She suffered from sleep apnea in which she was prescribed a respirator to help her sleep better through the night, but many times it would be too uncomfy and she'd not use it.

Her obsession with working/business was why she never married. Her boyfriend/bestfriend of 20-something years, did not want to be second to her work (which I couldn't blame him), so they kept falling in and out of the relationship with being a "couple" (however not with being bestfriends, cuz they were always that to each other). They were always hoping that one day things would change and get better and they could get back together again as a couple. I know my sister wanted that very badly. It was so heartbreaking, because all that invested time and love, never got them to where they wanted to be, which was married and having children.

I know she wanted to have children, but she was realizing that it was probably too late.

Having to go through all her stuff to sort things out, I saw all the medical receipts she had accumulated throughout the years, prescribing medication and the sort. It was very painful seeing all this stuff.

Her accident was her fault. One factor was recklessness in her failure to take care of her health. It led to her self-destruction.

So, although I have been a pain in the arse here, lol, I have always been one to put my butt-on-the-line when I care strongly about something/someone. If my sister's story saves at least one person from making the same mistake, then it was worth sharing it.

I'm not saying that you should stop trading fti style, by NO means am I saying that, sheesh. There is merit to his style if you use it wisely, so all I'm saying is to be responsible and don't subject yourself to becoming a trading machine, cuz you are a flesh-and-blood human with limits, so please never forget that.

Make sure to take care of YOU first-and-foremost, cuz without YOU, there is nothing else, NO trading, NO family, nada. If you have a spouse and children (especially young children who still need you), you leave them with a void in their hearts and lives. When you take on the responsibility of a family, you are not just in it for yourself, but for them, as well, so be responsible and taper your demons, so you don't leave them before your time.

As lilpip would say --> Enough said

Good health, good trading and I wish upon you all, full and enriching lives!
  • #5,936
  • Edited 2:48pm Sep 4, 2008 1:56pm | Edited 2:48pm
P.S. Just to let you guys know ... with those ride-along chat sessions, I was posting them in chronological order so that you learn step-by-step of his teachings (I had already given you the ones earlier than Nov. 25 previously in this thread).

Even though we had some losses on the two sessions, others had very good profit. So, don't concern yourself about the loss depicted in those, cuz the value to those sessions is in the dancing, thought process, 3-kingdom mention, etc.

Btw, notice how the 3-kingdoms came into play on that last chat session? He "turned on wind" when we saw USD/JPY's chart. Now, for those who are still novices, you might just exit the trade like I did, and reassess before entering again, cuz you are not yet expert like fti, lol.

*Edited - P.S. There's a difference between being a "pig" and "turning on wind" ... it's all in the mindset (as well, as your reasons for assessing the turn)

Okay, that's all I have to say.
  • #5,937
  • Sep 4, 2008 3:42pm Sep 4, 2008 3:42pm
Quoting leighsww
(...) Okay, that's all I have to say.
Leighsww,

Pls keep coming back. I am sure everyone here loves your comments. Even more ... err ... so much as ... fti's... .
  • #5,938
  • Sep 4, 2008 4:10pm Sep 4, 2008 4:10pm
Quoting Jairo
Leighsww,

Pls keep coming back. I am sure everyone here loves your comments. Even more ... err ... so much as ... fti's... .
leighsww, yesyees.. don't do the big leave thingy. you know you can come and go as you please and always will be welcome.

stay for the music.
  • #5,939
  • Sep 4, 2008 4:11pm Sep 4, 2008 4:11pm
Quoting leighsww
P.S. Just to let you guys know ... with those ride-along chat sessions, I was posting them in chronological order so that you learn step-by-step of his teachings (I had already given you the ones earlier than Nov. 25 previously in this thread).

Even though we had some losses on the two sessions, others had very good profit. So, don't concern yourself about the loss depicted in those, cuz the value to those sessions is in the dancing, thought process, 3-kingdom mention, etc.

Btw, notice how the 3-kingdoms came into play on that last chat session? He "turned on wind" when we saw USD/JPY's chart. Now, for those who are still novices, you might just exit the trade like I did, and reassess before entering again, cuz you are not yet expert like fti, lol.

*Edited - P.S. There's a difference between being a "pig" and "turning on wind" ... it's all in the mindset (as well, as your reasons for assessing the turn)

Okay, that's all I have to say.

Leigh,

I am very sorry...I will remember your assistance, help and advise...please keep in touch..

I wish you the best.
Empty as water and soft as a facing wind mountain
  • #5,940
  • Sep 4, 2008 4:14pm Sep 4, 2008 4:14pm
Quoting fti
Hi ALL,

..

Thank God, I was trading short charts.
Otherwise the loss would had been horrendous.
Sure pays to go with the flow doesn't it?, for those who can understand.
I really pity those that are trading daily charts.

Goodnight
fti, yes, the daily charts really looked like a possible reversal and my bias was usd bear (nimble, tho). Booked 20 pips before the thing turned.

But I don't understand why you call it manipulation.. because of the way eur/usd moved up?
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