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Technical Analysis Fallacy

  • #8,421
  • Jul 1, 2009 9:17pm Jul 1, 2009 9:17pm
Greetings all...

Quote
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, ....

fti,
have u been to the Philippines &/or tasted Philippine durian? jackfruit (langka) could be a better accepted alternative (for most). it has a somehow identical physical feature with durian.



Quote
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.
jest1081,
a north american currency, the infamous Amero, probably. then a world union currency once all continents get "unionized".
contrary to what u said, if ever we get to a point that we do form a United currency, i think it would be easier for the powerful people to manage things & manipulate many things. i think the pre-United currency "era" is the more difficult period (since they are still pushing for their United currency-agenda) than the post-United currency "era".

whether this is true or not, i don't like the sound of a United currency. sounds boring & it's bad for a currency collector.
  • #8,422
  • Jul 1, 2009 10:01pm Jul 1, 2009 10:01pm
maheswara,
if that is the case, China may have a hidden/underlying agenda for doing so.

i'm far from knowledgeable about the subject, but here are some points (from recent news, since Friday).
on June26 (Friday), PBOC, the Chinese Central Bank says "China will push world to cut reliance on a small set of reserve currencies" and that it "see serious defects in one currency dominating global monetary system". PBOC has also renewed its call for the creation of a super-sovereign currency, and says "IMF should manage part of its member countries FX reserves".

Some theorists would say that the US filing of complaints to the WTO has brought a backlash from the Chinese in the form of fresh reserve currency talk. (Trade wars, betrayal/double cross; not to mention China holding the most US Treasuries....seems China has the upper hand )

"In its annual report on financial stability, the People"s Bank of China (PBOC) said Beijing will push for an overhaul of the int'l currency system to diversify it. China is reiterating previous calls for the establishment of another international currency to replace $ & other currencies in official reserves. 'To avoid the shortcomings of sovereign credit currencies acting as reserve currencies, we need to create an ... international reserve currency that can maintain the long-term stability of its value,' PBOC said."
  • #8,423
  • Jul 1, 2009 10:14pm Jul 1, 2009 10:14pm
Quoting supremeChaos
maheswara,
if that is the case, China may have a hidden/underlying agenda for doing so.
nice info , thanks

edit
btw, I love durian , n I never really noticed the smell ...
guess if u ve been living with it , u wont notice it much ...
durian is plenty here , nangka as well , oh my love them all ,yummy
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,424
  • Jul 1, 2009 10:22pm Jul 1, 2009 10:22pm
Quote
btw, I love durian , n I never really noticed the smell ...
guess if u ve been living with it , u wont notice it much ...
durian is plenty here , nangka as well , oh my love them all ,yummy

yes, u get used to the smell somehow.
u develop "smell tolerance" in time. lol
  • #8,425
  • Jul 1, 2009 10:49pm Jul 1, 2009 10:49pm
China is a great player of AOW and 3Kingdoms.

The United currency might be the Scout; It didn't work well, so they changed voice, throw in rescue
  • #8,426
  • Jul 1, 2009 11:09pm Jul 1, 2009 11:09pm
imjscn,
yes, possibly a weak dummy scout... checking the woods prior a long journey, to the new & bigger kingdom..

China has the whole world conquered by their noodles (apart from many things they've invented). Maybe the new reserve currency talk is about Yuan being the next reserve currency coinciding with China becoming, likely, the next global economic superpower. let's see.

Got to brush up with my Mandarin & Fukien real soon... lol
Chay chien.... she she/sie sie
  • #8,427
  • Jul 1, 2009 11:50pm Jul 1, 2009 11:50pm
Quoting supremeChaos
imjscn,
yes, possibly a weak dummy scout... checking the woods prior a long journey, to the new & bigger kingdom..

China has the whole world conquered by their noodles (apart from many things they've invented). Maybe the new reserve currency talk is about Yuan being the next reserve currency coinciding with China becoming, likely, the next global economic superpower. let's see.

Got to brush up with my Mandarin & Fukien real soon... lol
Chay chien.... she she/sie sie
oh my, mandarin is so darn hard ,
I ve an 8 yr old brother who studies it as compulsory in skol ...
n Im quite sure if I had it in skol like he does , I wld have never passed my primary skol...

btw, market aint moving much , many already on holidays I suppose , how would illiquid market reacts to nfp ... any big player can move the market 100-200 pips in minutes in such market, might not trade at all for nfp ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,428
  • Jul 2, 2009 12:03am Jul 2, 2009 12:03am
maheswara,
glad your brother is taking it in his school.
It's always great to learn new things, new languages included.
Expands the neural highways in our brain.

I hope he gets 'follow through' learning/practice after school/college so the language will be ingrained in him.
this is an advice as the opposite was my experience:
in our school, Chinese is a whole-afternoon class (a Chinese school, but i'm not Chinese, lol; with English class taken in the morning). after graduating from high (/secondary) school (thru hard work, patience,etc --- same traits needed in trading), i had no opportunity to practice my Mandarin & Fukien, so my (very limited) knowledge of the language/s is slowly getting wilted away.
  • #8,429
  • Jul 2, 2009 12:51am Jul 2, 2009 12:51am
Quoting supremeChaos
Greetings all...



fti,
have u been to the Philippines &/or tasted Philippine durian? jackfruit (langka) could be a better accepted alternative (for most). it has a somehow identical physical feature with durian.
yes supremeChaos, we have nangka as well, but this fruit has no seasonal kick. Same for the angmo(westerner) durian aka sour sop fruit.

Other than its variety taste and seasonal fling, I mostly like the durian for its body heat properties not withstanding its aphrodisiac capacity. The chemical composition in this fruit is mind boggling. Just like my cigs.
  • #8,430
  • Jul 2, 2009 1:05am Jul 2, 2009 1:05am
Quoting supremeChaos
maheswara,
if that is the case, China may have a hidden/underlying agenda for doing so.

i'm far from knowledgeable about the subject, but here are some points (from recent news, since Friday).
on June26 (Friday), PBOC, the Chinese Central Bank says "China will push world to cut reliance on a small set of reserve currencies" and that it "see serious defects in one currency dominating global monetary system". PBOC has also renewed its call for the creation of a super-sovereign currency, and says "IMF should manage part of its member countries...
then who's gonna manage IMF. You go tell Dr M that and see what he says. So whoever manages IMF will rule the world and policies? How many countries will agree to that?

Quoting supremeChaos
"In its annual report on financial stability, the People"s Bank of China (PBOC) said Beijing will push for an overhaul of the int'l currency system to diversify it. China is reiterating previous calls for the establishment of another international currency to replace $ & other currencies in official reserves. 'To avoid the shortcomings of sovereign credit currencies acting as reserve currencies, we need to create an ... international reserve currency that can maintain the long-term stability of its value,' PBOC said."
yeah , sure.
but first open the RMB for free market trading.
and transparency of governance and govt policies. Then maybe the free world will listen.

I think, once upon a time, a woman told the pope this.
"You don't play at the game, You don't make at the rules."

regards
  • #8,431
  • Jul 2, 2009 1:18am Jul 2, 2009 1:18am
Quoting maheswara

btw, market aint moving much , many already on holidays I suppose , how would illiquid market reacts to nfp ... any big player can move the market 100-200 pips in minutes in such market, might not trade at all for nfp ...
don't think much will happen on nfp, if yeaterdays robot nfp is anthing to go by.
Rate of Unemployment and Ue claims, would be interesting.

but before that keep a watch out on the ECB rate activities as well as their rate of Unemployment as well.

Meanwhile markets runing around like headless chicken, so be on defensive until you read her good.

regards
  • #8,432
  • Edited 1:35am Jul 2, 2009 1:19am | Edited 1:35am
Good Moring Friends!

My lady is still sleeping.
Does anyone know the WakeUp code for her????

Do not like these ECB Rate Decision days .....

Wish you all good trading success!

edit: Should i try to wake her with diamonds or with some gold or just Dollars???
  • #8,433
  • Jul 2, 2009 1:47am Jul 2, 2009 1:47am
Good day, dear fti and all !

Asia recap: Stock open higher but melt down;
Europ opening: Stock open lower;

On the talk side, they are mainly talking about the Chinese currency fantasy.

As for MaMood's girl, there's some talk on the WSJ about Big Pay Packages returning to the street. GoldMan Sachs is on track to pay out as much as $20b this year-- that's about double the firm's average of last year. Morgan Stanely will pay out about $11-$14b in compensation and benefits this year. WSJ is guessing those high pay package will boost risk-taking, .... usd/jpy, eur/chf ...
  • #8,434
  • Jul 2, 2009 2:11am Jul 2, 2009 2:11am
Quoting imjscn
Good day, dear fti and all !

Asia recap: Stock open higher but melt down;
Europ opening: Stock open lower;

On the talk side, they are mainly talking about the Chinese currency fantasy.

As for MaMood's girl, there's some talk on the WSJ about Big Pay Packages returning to the street. GoldMan Sachs is on track to pay out as much as $20b this year-- that's about double the firm's average of last year. Morgan Stanely will pay out about $11-$14b in compensation and benefits this year. WSJ is guessing those high pay package will boost risk-taking,...

Thanks for Info, imjscn!
Interesting point of view ...
  • #8,435
  • Jul 2, 2009 2:24am Jul 2, 2009 2:24am
Quoting MaMood
Good Moring Friends!

edit: Should i try to wake her with diamonds or with some gold or just Dollars???
try palladium too
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,436
  • Jul 2, 2009 3:11am Jul 2, 2009 3:11am
no lah jest, purely from profit intended pov.
  • #8,437
  • Jul 2, 2009 3:17am Jul 2, 2009 3:17am
I think you have all read the headline, that was rolling over the tickers some minutes ago:

Japan Govt Official: No G8 Debate Request from China on Forex


disclaimer: Be aware of possible Cow Dung included ;-)
  • #8,438
  • Jul 2, 2009 6:09am Jul 2, 2009 6:09am
Hummm..... Long weekend starting tomorrow, NY boys will be headed to the Hamptons. Me thinking some quick fireworks before they start heading for the doors at lunch.

Euro's in place, get ready everyone.

Great trading.

Ciao,
  • #8,439
  • Jul 2, 2009 7:11am Jul 2, 2009 7:11am
Just for your entertainment:

Inserted Video
  • #8,440
  • Jul 2, 2009 8:25am Jul 2, 2009 8:25am
Cool move on USDJPY.
But unfortunately today I made only demo EUR's.
I'm testing some new tools ....

Hope you are all doing well!
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