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Technical Analysis Fallacy

  • #8,401
  • Jul 1, 2009 1:04pm Jul 1, 2009 1:04pm
Quoting fti
臉是人家給的
價是自己丟的
脸是人家给的，架是自己丢的

I think I can understand....correct me if I am wrong. (in context of the article)

China is grieved that the US of A PROBABLY has failed and cannot deliver the goods, and China wants to be heard albeit the fact that they probably can't do much about it.

reminds me of the incident when Geither was laughed at when he tried to reassure the listeners the "strength" of the US economy.
  • #8,402
  • Jul 1, 2009 1:08pm Jul 1, 2009 1:08pm
what the chinese are really thinking...poor geither

Inserted Video
  • #8,403
  • Jul 1, 2009 1:11pm Jul 1, 2009 1:11pm
...or what the Chinese government are thinking. Who knows what the Chinese are thinking?
  • #8,404
  • Edited 1:42pm Jul 1, 2009 1:13pm | Edited 1:42pm
Quoting aiyahmarklah
脸是人家给的，架是自己丢的

I think I can understand....correct me if I am wrong. (in context of the article)

China is grieved that the US of A PROBABLY has failed and cannot deliver the goods, and China wants to be heard albeit the fact that they probably can't do much about it.

reminds me of the incident when Geither was laughed at when he tried to reassure the listeners the "strength" of the US economy.
after bretton woods, the usd is basically backed by gold and value of goods and services (a basket of trade currencies). What does these people want to debate about?

The us allows the usd to be freely traded against almost every currency in the world, except that certain govts do not allow that to be so (due to local factors)and peg the exchange. Otherwise it is managed floated. It is also freelt traded against all precious metals and commodities and produce, including oil and gas.

people want to debate , let them debate.
seems counter productive activity to me. But what do I know.
To me . the next best medium of exchange is sea shells?
only thingy is , similar to gold , there may not be enough to go around.
  • #8,405
  • Jul 1, 2009 1:38pm Jul 1, 2009 1:38pm
Quoting fti
after bretton woods, the usd is basically backed by gold and value of goods and services (a basket of trade currencies). What does these people want to debate about?

The us allows the usd to be freely traded against almost every currency in the world, except that certain govts do not allow that to be so (due to local factors)and peg the exchange. Otherwise it is managed floated. It is also freelt traded against all precious metals and commodities and produce, including oil and gas.
yeah, that why i took the cheapo route and bought some gold etf at 07.
however brentton woods or not, according to the bible, gold is the first and last metal mentioned, i belief it will always be a benchmark. Hopefully EU will come full circle and and eventually become a "united europe", i believe then USD will be well positioned to step down. thats a long shot though....

edit : thats y i daytrade...tmr's problem is tmr's problem ha

personally i think the chinese and americans are just doing a show...in reality they need each other so badly they do not want to drastically change the system. Democrats wants to please the house and communist wants to show they are no push over...but its just a show imo.
  • #8,406
  • Jul 1, 2009 1:52pm Jul 1, 2009 1:52pm
Quoting aiyahmarklah
yeah, that why i took the cheapo route and bought some gold etf at 07.
however brentton woods or not, according to the bible, gold is the first and last metal mentioned, i belief it will always be a benchmark. Hopefully EU will come full circle and and eventually become a "united europe", i believe then USD will be well positioned to step down. thats a long shot though....

edit : thats y i daytrade...tmr's problem is tmr's problem ha

personally i think the chinese and americans are just doing a show...in reality they need each other so...
I beg to differ.
As far as God is concerned, what christ taught was to use whatever (God given blessings) that you need and give the surplus to those needy. I don't think hording and store of value is in his book.

Euro? she's a follower, don't see leadership attributes there. Look at the monetary policies, looks like us carbon copies to me, with lag. At least king had displayed some leadership possibilities. Like I said but what do I know.
  • #8,407
  • Jul 1, 2009 1:52pm Jul 1, 2009 1:52pm
Hi again,

was just doing some research about the Durian fruit and have found this picture:

http://upload.wikimedia.org/wikipedi..._MRT_Fines.jpg


  • #8,408
  • Edited 2:15pm Jul 1, 2009 1:56pm | Edited 2:15pm
Quoting MaMood
Hi again,

was just doing some research about the Durian fruit and have found this picture:

http://upload.wikimedia.org/wikipedi..._MRT_Fines.jpg


No la, this is durian. That is just prohibition of the fruit in trains and public carriages, due to pungency.( strong aroma) If your wife had taken the fruit, when she burps at you , you could faint.

The premium ones, taste sweet with a tinge of bitter. The texture is silky and fleshy. There are many varieties. One premium quality breed taste of caramel. One taste of coffee. The inferior ones taste only sweet.

Thai durian , are mostly hybrids, and are considered,inferior quality. Amongst the hybrids D24 is very popular, the better breed is D22, D18 and 101(sultan durian)
Attached Image (click to enlarge)
Click to Enlarge Name: durian.jpg Size: 83 KB
  • #8,409
  • Jul 1, 2009 2:08pm Jul 1, 2009 2:08pm
Quoting fti
I beg to differ.
As far as God is concerned, what christ taught was to use whatever (God given blessings) that you need and give the surplus to those needy. I don't think hording and store of value is in his book.

Euro? she's a follower, don't see leadership attributes there. Look at the monetary policies, looks like us carbon copies to me, with lag. At least king had displayed some leadership possibilities. Like I said but what do I know.
dear fti....

regarding EU, much has came to passed, since the signing of several economic reunification treaties in the 1900s. And evidence of a eventual 10 member EU is even clearer.

LOL apologies..i brought the disccusion way out of topic.
  • #8,410
  • Jul 1, 2009 2:10pm Jul 1, 2009 2:10pm
Quoting MaMood
Hi again,

was just doing some research about the Durian fruit and have found this picture:

http://upload.wikimedia.org/wikipedi..._MRT_Fines.jpg


yeah "FINE" city...they even make T shirts about that...so embrassing somtimes...i mean the mockery
  • #8,411
  • Jul 1, 2009 2:11pm Jul 1, 2009 2:11pm
Not my favourite fruit.
  • #8,412
  • Jul 1, 2009 2:17pm Jul 1, 2009 2:17pm
Quoting ukmanthailan
Not my favourite fruit.
what a pity, there's abundance of it in thailand, plus its in season now
  • #8,413
  • Edited 2:33pm Jul 1, 2009 2:21pm | Edited 2:33pm
Quoting ukmanthailan
Not my favourite fruit.
OK, but your wife will most certainly love you a lot more , after you had much of it.

eee..r not your breath though.
  • #8,414
  • Jul 1, 2009 2:23pm Jul 1, 2009 2:23pm
Quoting aiyahmarklah
dear fti....

regarding EU, much has came to passed, since the signing of several economic reunification treaties in the 1900s. And evidence of a eventual 10 member EU is even clearer.

LOL apologies..i brought the disccusion way out of topic.
ya, ya, and they have too many cooks too. Why do you think they need so many treaties. A part from USD and cable, they may be the next best, I guess.
  • #8,415
  • Jul 1, 2009 2:43pm Jul 1, 2009 2:43pm
scout & L1 squared. 14150 and not rescued, no foreign cap to try &
Another small dent.
As well as squared the usd/yen Eur/usd cash hedge. This buffers much.

lets see what the cat drags in tom.

goodnight
regards
  • #8,416
  • Jul 1, 2009 2:45pm Jul 1, 2009 2:45pm
good nite
  • #8,417
  • Jul 1, 2009 7:00pm Jul 1, 2009 7:00pm
Good morning, dear fti and all !

Yesterday, because of the speed of the big run up candle, when my short scout was at loss of 16 pips, I rescued it in the run up direction.

I saw this kind of speed only during big news release or big stop loss washes, so that I did the dangerous rescue before seeing a candle form in 5 seconds chart. If I had one more second to think, I would decide to take the 16 pips loss.

From this even, I see my mind is still not well prepared for "surprise"-- I didn't really have a plan for such a fast candle in non-news time.

After rescue, I was anxious to see how Chief is doing. Guess what? I couldn't open any page of FF. It's FF server's problem though FF is not a broker . See... Anything can happen. It's so true.
  • #8,418
  • Edited 7:41pm Jul 1, 2009 7:29pm | Edited 7:41pm
Quoting fti
No la, this is durian. That is just prohibition of the fruit in trains and public carriages, due to pungency.( strong aroma) If your wife had taken the fruit, when she burps at you , you could faint.

The premium ones, taste sweet with a tinge of bitter. The texture is silky and fleshy. There are many varieties. One premium quality breed taste of caramel. One taste of coffee. The inferior ones taste only sweet.

Thai durian , are mostly hybrids, and are considered,inferior quality. Amongst the hybrids D24 is very popular, the better breed is D22,...
whats the breed of durians at e istana? my dad used to work as a security there and he told me the old president, yusof ishak's hobby is to count his durians every morning, if one goes missing he'd search for it and if he cant find it, chances are, someone will get fired e next day. lol!

pulau tekong got some really good ones too but the fruit is annoyingly small!

Quote
yeah, that why i took the cheapo route and bought some gold etf at 07.
however brentton woods or not, according to the bible, gold is the first and last metal mentioned, i belief it will always be a benchmark. Hopefully EU will come full circle and and eventually become a "united europe", i believe then USD will be well positioned to step down. thats a long shot though....

edit : thats y i daytrade...tmr's problem is tmr's problem ha

personally i think the chinese and americans are just doing a show...in reality they need each other so badly...

what will take over USD? pls dun tell me ur another one of those gold bugs bro.

United currency maybe more difficult to manage than it actually seems. ok im just speculating and acting smart. mamood and DA would be a better judge of this.
  • #8,419
  • Jul 1, 2009 7:50pm Jul 1, 2009 7:50pm
I strongly against an United Currency, and it's personal--- if united, I'll lost my trading job.
If you organize a protest meeting or action or something like that, let me know, I'd be in for good.
  • #8,420
  • Jul 1, 2009 9:02pm Jul 1, 2009 9:02pm
there is one thing i cant understand ,
why China , the biggest holder of usd currency reserves ,
wanted to indirectly erode the value of usd ...
am I right to see it this way ?
To Live is the rarest thing in the world , Most people exist , that is all
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