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Technical Analysis Fallacy

  • #9,481
  • Aug 7, 2009 9:14am Aug 7, 2009 9:14am
Mr Trichet mentioned in his yesterday ECB PressConference, that he was very happy to hear, that Bernanke, Geithner and Obama are all defending a strong dollar. He also said something like, that most CB are shareing this view ....

p.s.: Will we see the 97xx today????
  • #9,482
  • Aug 7, 2009 9:18am Aug 7, 2009 9:18am
Here we are: 97.02 :-)
  • #9,483
  • Aug 7, 2009 9:20am Aug 7, 2009 9:20am
Quoting MaMood
Mr Trichet mentioned in his yesterday ECB PressConference, that he was very happy to hear, that Bernanke, Geithner and Obama are all defending a strong dollar. He also said something like, that most CB are shareing this view ....

p.s.: Will we see the 97xx today????
thanks...
that might explain the decoupling between Dow and Dollar move...

Thanks God we go by the charts!
Empty as water and soft as a facing wind mountain
  • #9,484
  • Edited 10:28am Aug 7, 2009 10:15am | Edited 10:28am
so, the earth shoke, any survivers
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HOt.....not the singing.
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  • #9,485
  • Aug 7, 2009 11:01am Aug 7, 2009 11:01am
Hi fti, yes I survived by just stepping aside. I traded well up to the NFP announcement, then kind of got lost a bit during what looked like quite a battle. Had a good week and was not going to run the risk of giving it back - lol. For me, NFP is usually a day to avoid once the data is out. I bet there are lots of people who got sucked in to the initial jump north on the euro, and are really hurting now. I have to admit to being tempted to go south at 1.4292, but discipline kicked in and I went for a run. Important to stick to your strategy and not look back. Have a good and restful weekend.
  • #9,486
  • Aug 7, 2009 1:22pm Aug 7, 2009 1:22pm
Quoting GEfx
Hi fti, yes I survived by just stepping aside. I traded well up to the NFP announcement, then kind of got lost a bit during what looked like quite a battle. Had a good week and was not going to run the risk of giving it back - lol. For me, NFP is usually a day to avoid once the data is out. I bet there are lots of people who got sucked in to the initial jump north on the euro, and are really hurting now. I have to admit to being tempted to go south at 1.4292, but discipline kicked in and I went for a run. Important to stick to your strategy and...
have a nice weekend.
  • #9,487
  • Aug 7, 2009 2:41pm Aug 7, 2009 2:41pm
Hi there!

Have found that in an other thread.
Have not seenit that way, but of course it is true:


Well for those of you that didn't make any money today but have US$ denominated trading accounts, the good news is that you made 1.1% as that is what the USDX increased in value by - so well done!

Wish you all a great weekend!

CU,
MaMood
  • #9,488
  • Aug 7, 2009 3:16pm Aug 7, 2009 3:16pm
Quoting fti
I heard you trying to ask money from traders here?
Is this true?
i like your tips =) 7 out of 10 hit target........cool
  • #9,489
  • Aug 7, 2009 3:24pm Aug 7, 2009 3:24pm
Quoting fti
Then go follow the money,wherever it takes you. I even had to live in New Jersey across the river Hudson, in a old sugar factory housing,thousands of miles from home, for a time due to postings. Even shabby motels and subway cubicles.. If you want it bad enough you will find the motivation to do whatever it takes. Give yourself the best opportunities you can get. In fact, when I was younger,I had lived in so many countries, I feel at home almost anywhere. But of course , I also had stayed in most 6 star accomodations too. It doesn't really matter....
this is so cool..........i read everything u post and my market feel improve => thank you so much for your time.......u r e man.
  • #9,490
  • Aug 8, 2009 4:54am Aug 8, 2009 4:54am
Quoting maheswara
favorite song ...
Hi All,

Thanks for entertainment I'm a music lover too, Well I'ld like to introduce myself coz 'you don't know me' by Ray Charles - lovely oldie.

Thanks fti ,now I can listen million million of songs from youtube - free (I learned from you) wow great. And thanks to Zoran too.

maheswara - I sent you PM.


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Hope you enjoy the song
Best regards,
  • #9,491
  • Aug 8, 2009 6:04am Aug 8, 2009 6:04am
Quoting M-H Trader
http://www.youtube.com/watch?v=Cxj0H...e=channel_page

inspiration music if any one needs.
From Platoon the Movie, yes?
  • #9,492
  • Aug 8, 2009 6:24am Aug 8, 2009 6:24am
Quoting btr5596
Good morning all! I have been on the sidelines so far today due to being out of sync for the moment. I wanted to share a link for anyone interested, its a rare Documentary from 1987 on the legend, Paul Tudor Jones. This was up on youtube for 12 hours before it was removed (rumor has it after it's initial release he bought all copies in circulation to prevent further viewing!) but I found a few links where it can be viewed.

At one point he is trading DM/USD (futures possibly) from his house on Sunday night over the phone. Trying to get a quote...
Hi btr5596,
Sorry, to say , but this is BIG time novice Futures Gambler, gambling with others money. Nothing Pro about how he trades.The pros were making the market for him thru his brokers

Maybe there may be a clip about the real Pros one day.

regards
  • #9,493
  • Aug 8, 2009 7:54am Aug 8, 2009 7:54am
Quoting fti
Hi btr5596,
Sorry, to say , but this is BIG time novice Futures Gambler, gambling with others money. Nothing Pro about how he trades.The pros were making the market for him thru his brokers

Maybe there may be a clip about the real Pros one day.

regards
hello all,

wall street warriors i think is an interesting documentary about the different caracters on wall street. the daytrader between minute 2 and 5 (in the youtube link) looks like a professional to me. he appears troughout the serie.
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i hope everyone is enjoying the weekend
even with my eyes open i cannot see everything
  • #9,494
  • Aug 8, 2009 8:13am Aug 8, 2009 8:13am
Quoting j-pax
hello all,

wall street warriors i think is an interesting documentary about the different caracters on wall street. the daytrader between minute 2 and 5 (in the youtube link) looks like a professional to me. he appears troughout the serie.
http://www.youtube.com/watch?v=R5FXaa1n40s

i hope everyone is enjoying the weekend
Man,
what a blond!
I think I will visit the man, get my horoscope done,
and get her phone number.
Opps...I forgot..I already have a boss.
Empty as water and soft as a facing wind mountain
  • #9,495
  • Aug 8, 2009 8:16am Aug 8, 2009 8:16am
Good Morning FTI,

I rewatched the clip, and I think I understand...He was speaking with the broker on the phone who was trying to get him filled/get quotes from different banks; banks who were making the market. Thats why the broker wanted to break the order up into 2, and get it filled easier and for better pricing.

Was he too small of a fish to be calling the banks for quotes directly? Or was he using the broker for other reasons (anonymity, effeciency). Sorry for all the questions, just want to get a better understanding of the process.

Maybe one day we will see clips of the FTI documentary, "FX Warrior" lol! Have a good weekend!
  • #9,496
  • Edited 12:03pm Aug 8, 2009 8:27am | Edited 12:03pm
Quoting j-pax
hello all,

wall street warriors i think is an interesting documentary about the different caracters on wall street. the daytrader between minute 2 and 5 (in the youtube link) looks like a professional to me. he appears troughout the serie.
http://www.youtube.com/watch?v=R5FXaa1n40s

i hope everyone is enjoying the weekend

Thanks for the clip! I totally forgot about this show; both seasons are very entertaining, definately recommend watching.

I actually went to school with the trader Tim featured in the show, he is quite a character. I believe he shorts small cap stocks (pennystocks) as his main strategy. He has a petty interesting story, building his Bar Mitzvah money up into millions over a few years while in college. I think he lost most of it in the ensuing years though lol, so definately not PRO way to trade (another gambler, FTI!).
  • #9,497
  • Edited Aug 9, 2009 1:20am Aug 8, 2009 9:26am | Edited Aug 9, 2009 1:20am
Quoting lilpip
As I reviewed the e/u terrain last weekend I couldnt help to recognize that we had a complete week above 1.4094 and that my bias was up from 1.4108 area, and what a battle that took place this week in this area with a move up and away.

I have to say my bias is up from 1.4131 area.
my view of the e/u terrain as I try to keep an eye on the yearly or major trend, (up from 4094 area).
monthly terrain of aug.
4500
3936
3373
last weeks weekly terrain
4356
4131
3936
this weeks terrain and areas of extra interest.
4430
4154
3992
my bias is up from 4154 area.
I ended up hedged 1.4050- 4430 for the long sword as I stood aside during nfp and was busy with other things throughout the day I was not sure what to do and quite frankly I still don't after that strong move down from 4445.
Will see what the week brings.
  • #9,498
  • Aug 8, 2009 10:51am Aug 8, 2009 10:51am
Quoting fti
From Platoon the Movie, yes?
The elephant man too LOL
  • #9,499
  • Aug 8, 2009 11:06am Aug 8, 2009 11:06am
Quoting luSan
Man,
what a blond!
I think I will visit the man, get my horoscope done,
and get her phone number.
Opps...I forgot..I already have a boss.
She looks like a porn star
  • #9,500
  • Aug 8, 2009 12:21pm Aug 8, 2009 12:21pm
Quoting j-pax
hello all,

wall street warriors i think is an interesting documentary about the different caracters on wall street. the daytrader between minute 2 and 5 (in the youtube link) looks like a professional to me. he appears troughout the serie.
http://www.youtube.com/watch?v=R5FXaa1n40s

i hope everyone is enjoying the weekend
Thanks, cool video.


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