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Technical Analysis Fallacy

  • #8,941
  • Jul 17, 2009 7:59pm Jul 17, 2009 7:59pm
Quoting GEfx
No one here selling EA my friend. Not sure of the point you are making, or is this just a random thought that you wanted to share? Re: good people at banks, there are many good traders and good people in banks across the world, and this thread was started by one of the best.
My sense of humor got lost here. I beg your forgiveness.
  • #8,942
  • Jul 17, 2009 8:08pm Jul 17, 2009 8:08pm
Quoting gbppip
My sense of humor got lost here. I beg your forgiveness.
Sorry, maybe I am the one with the problem here. No need to beg - LOL. Have a good weekend.
  • #8,943
  • Jul 17, 2009 8:21pm Jul 17, 2009 8:21pm
Quoting GEfx
Sorry, maybe I am the one with the problem here. No need to beg - LOL. Have a good weekend.
No harm done, mate. Enjoy your time off.
  • #8,944
  • Edited 3:07am Jul 18, 2009 2:50am | Edited 3:07am
Quoting GEfx
fti, I had a question for you that has been on my mind for some time now. In the US, there is much talk about the federal government establishing controls on pay for bankers. If you were suddenly compelled to cut pay for your good people, what would you do? It seems to me that if the big banks are unable to pay their good people competitive wages/bonuses, then the bank will be harmed when these people leave for greener pastures; the bank will be hurt when its earnings are reduced because they no longer have the people to do the job; or the bank...
Hi GEfx,

yes, hearing that as well. Only the details are still in fog.

The Banking Human resource, encompasses myrid levels of managers to operations staff. But from a Treasury room perspective, I feel. there could not be much impact, as good treasury officers already work on very flexible schemes of remuneration by performance. Most treasurers lived with the mindset that "A rose by any other name is still one and that if the boss wasn't going to pay to meet the talent, then some-one else would."

My personal feeling is that the greatest impact would be on the infrastructure for Training and development as this is the most unmeasurable on the P&L sheets amongst all the depts in Banks.

And,as you had mentioned, the knee jerk effect would be an exodus of the creme de la creme, out of US strongholds, to other zones. In many ways, NY's reputation as a vibrant Forex center had long diminished, even since the early 90s. In retrospect, new centers of Dubai and other smaller centers are already coming on stream with better perks. Even Frankfurt, Dusseldorf and Antwerp these center are growing rapidly at the expense of London. And with the participation of China with her reintroduction into the world economic scene since. We may likely see the development of new financial hubs there, even the re-renovation of the older vintaged hubs.


No, I had no contacts. In reality, I am off the super highways already, due to health issues and do not look forward to the fast lane lifestyle anymore.

regards

Slow Walk On Life's Path
Inserted Video
  • #8,945
  • Jul 18, 2009 3:44am Jul 18, 2009 3:44am
Hi Fti and friends,
I have been traveling to Australia with my wife to visit my parents in Tahmoor, south of Sydney. In preparation for the trip, I bought a Asus netbook with a 8.9" screen and a Acer netbook with a 10" screen for Sally, my wife. I must say I really like the little netbook, it is so small and light. I used to dread all the time I spent sitting around airports waiting for planes. Now I look forward to it, as I can trade or read the thread on forexfactory. On arrival I just bought a prepaid 3G sim card and USB external modem and where ever there is a cellphone signal I can trade over the internet as usual. I find the internet in Australia slower than what I am used to in the Philippines but it is good enough to trade with.
Reading the thread it looks like people found the last few weeks a little hard, beening in Australia I have been trading on and off with small positions, and yesterday Friday, was more like a normal trading day for me. I managed to catch a downward movement on the EUR/USD during the start of the Europe opening to 1.4080, later I put in a scout short at the start of the London session and I was going to square out about 15 mins before the USD Building Permits which was marked in red on ff calender. What I really found interesting was that the EUR kept dropping right until a few minutes before the numbers came out, so I kept in and squared out all the troops around 1.4065 area.
Maybe some people knew that it would be a none event, Oanda did not change their spread to 10 but left it unchanged at 0.9 and there did not seem to be any movement one way or other at that time. I did not trade the US session, decided to quit with a small but nice profit.
Looking at the charts today, Saturday, I see that the EUR went back up to 1.4120 area, I hope that the good people here made some money out of the US session.
Lets see what next week brings, kind regards to all. Ray
  • #8,946
  • Edited Jul 20, 2009 11:28am Jul 19, 2009 9:40pm | Edited Jul 20, 2009 11:28am
squared e/u 4170 and watching for reentry as my bias is up above 4156, my scouts in to the south watching how 56 area reacts.

Watching e/u 4228 area for reentry as my bias is to the south from that area, also watching how 4201 area reacts.


So much for plans and terrain, I will follow.
  • #8,947
  • Edited 2:24pm Jul 20, 2009 1:37pm | Edited 2:24pm
It's so quiet around here. Hope you are all trading well and just too busy to chat. I traded carefully today and did not get much, but managed to get a few dozen pips. Back at it tomorrow. Will check in to see if anyone is here. Am I missing something? Did everyone move to another site? Now I am feeling left out -- lol.
  • #8,948
  • Jul 20, 2009 9:00pm Jul 20, 2009 9:00pm
Quoting GEfx
It's so quiet around here. Hope you are all trading well and just too busy to chat. I traded carefully today and did not get much, but managed to get a few dozen pips. Back at it tomorrow. Will check in to see if anyone is here. Am I missing something? Did everyone move to another site? Now I am feeling left out -- lol.
Hi GEfx,

Hi I am still around, I don't know but you may be right.
Most probably thinks that they have got what they needed and had gone to make make it work.


Good Fortune to ALL.

regards
  • #8,949
  • Jul 21, 2009 1:34am Jul 21, 2009 1:34am
HOLA !

I still read the thread though, just that yesterday I was busy. Busy "losing" pips and busy doing recovery, ended day with net loss.

Classic noob mistake thats too embarassing to say here....

Good trading everyone
  • #8,950
  • Jul 21, 2009 2:06am Jul 21, 2009 2:06am
Quoting aiyahmarklah
HOLA !

I still read the thread though, just that yesterday I was busy. Busy "losing" pips and busy doing recovery, ended day with net loss.

Classic noob mistake thats too embarassing to say here....

Good trading everyone
ai mark ,
every failure just makes us stronger [as long as it doesnt kill us ]

I kept checkin for a new post , there werent any here yest ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,951
  • Jul 21, 2009 2:25am Jul 21, 2009 2:25am
Quoting maheswara
ai mark ,
every failure just makes us stronger [as long as it doesnt kill us ]

I kept checkin for a new post , there werent any here yest ...
hello maheswara, I just thought about you...you know...the jakarta bombings...are you affected ? hows things over there ?


anyway, yeah yesterday was lousy, but has not much damage on me, mentally or bottom line wise, just lamenting the way the week started....

regards
  • #8,952
  • Jul 21, 2009 3:47am Jul 21, 2009 3:47am
Quoting aiyahmarklah
hello maheswara, I just thought about you...you know...the jakarta bombings...are you affected ? hows things over there ?


anyway, yeah yesterday was lousy, but has not much damage on me, mentally or bottom line wise, just lamenting the way the week started....

regards
hey yeah,
thanks for asking , not directly affected at all , just feeling a little unsafe now to go out for dinners n all specially on upper class places ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,953
  • Jul 21, 2009 3:48am Jul 21, 2009 3:48am
I'm reading the thread everyday, but seems my AOW arrives a point that I need to think more than do. Beside that, current range is really bothering me.

Hope you all trade well.
  • #8,954
  • Jul 21, 2009 4:19am Jul 21, 2009 4:19am
Quoting maheswara
hey yeah,
thanks for asking , not directly affected at all , just feeling a little unsafe now to go out for dinners n all specially on upper class places ...
glad to hear that...
  • #8,955
  • Jul 21, 2009 4:19am Jul 21, 2009 4:19am
Quoting imjscn
I'm reading the thread everyday, but seems my AOW arrives a point that I need to think more than do. Beside that, current range is really bothering me.

Hope you all trade well.
why not discuss it here ?
  • #8,956
  • Jul 21, 2009 4:24am Jul 21, 2009 4:24am
It's just that I feel my rescue is more frequent than attack. I think it's not right. So, I need spend more time to feel the market, to better time the entry so that I can be more closer to real AOW method.
  • #8,957
  • Jul 21, 2009 4:46am Jul 21, 2009 4:46am
Quoting imjscn
It's just that I feel my rescue is more frequent than attack. I think it's not right. So, I need spend more time to feel the market, to better time the entry so that I can be more closer to real AOW method.

hey imjscn ,
to me attack is more important than rescue ... but when learning , its natural to learn to rescue and then later to attack,

if u cant attack well , profit comes really hard for u , which will make it harder for u to let go a losing situation ,

and there will come day wer losing situation is really bad , when u r completely against the flow , but since profit comes really hard to u , u will be reluctant to let all those profits go and will attempt to rescue such situation , u will eventually end up gambling a lot of money ,
the outcome of this situation is bad whether u lose or win in gambling,
u win , n gambling creeps into ur habit ,
u lose , recovery will take enermous time n power ...

I think its a phase we all have to go thru once or twice ,
but my point is that u've to make effort to attack nicely and that takes a lot of courage ...

good trade
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,958
  • Jul 21, 2009 5:11am Jul 21, 2009 5:11am
mashes: Thanks for sharing your experience. I've been feeling the gambling scorpion growing. Just exactly as you pointed for me. You are really a great helper!

Yes, if relay on rescue more, either way , win or loss, are not good for our book health.
  • #8,959
  • Jul 21, 2009 8:15am Jul 21, 2009 8:15am
Eyes are extra wide @ 4287 area.
  • #8,960
  • Jul 21, 2009 8:34am Jul 21, 2009 8:34am
high tf says dollar losing ground and getting ready to lose some more ... looks like inflation is showing its effect now ...
To Live is the rarest thing in the world , Most people exist , that is all
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