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Technical Analysis Fallacy

  • #9,721
  • Aug 19, 2009 4:09am Aug 19, 2009 4:09am
Good trading day to everyone. Still trying to figure out how to make some money today. Markets are kind of spooky right now, so being a little cautious. Many possibilities are developing so we'll see. fti, love the music. Hope you are well and enjoying a fresh cup of coffee. Check back later.

RE: the $/chf, I see nothing but a lot of equalibrium movement (buyers and sellers roughly equal).
  • #9,722
  • Aug 19, 2009 4:11am Aug 19, 2009 4:11am
Quoting GEfx
RE: the $/chf, I see nothing but a lot of equalibrium movement (buyers and sellers roughly equal).
Time for me to lay off the sherry then. Thanks for your comments anyway
  • #9,723
  • Aug 19, 2009 4:13am Aug 19, 2009 4:13am
Quoting maheswara
still ranging on london open ,
flag formation observed ,
prolly london mid will give the volume to move her ,
15mins to gbp news

hello maheswara ,,, do you speak indonesia ?

regard
suma
  • #9,724
  • Aug 19, 2009 4:15am Aug 19, 2009 4:15am
Hi again,

just want to remind you to be nimble today, at least if you are dancing with my Lady (USDJPY). There are large stop orders seen around 9395.
So keep your eyes wide opened. But first of all we need some momentum down to the 9405 area ....

  • #9,725
  • Aug 19, 2009 4:27am Aug 19, 2009 4:27am
Quoting MaMood
Hi again,

just want to remind you to be nimble today, at least if you are dancing with my Lady (USDJPY). There are large stop orders seen around 9395.
So keep your eyes wide opened. But first of all we need some momentum down to the 9405 area ....

Your lady, Usdyen is ho;ding to the greenbag shirt tails,
no doubt, the BOJ will be tested again as the resurgence of the recession is to be felt again. 9150 would be nice test.


Trade well , the slide is coming, run for safe port.
Again gold rules.

regards
  • #9,726
  • Aug 19, 2009 4:30am Aug 19, 2009 4:30am
Quoting sumakianlee
hello maheswara ,,, do you speak indonesia ?

regard
suma
yup suma ,
Im wholly Indonesian
Indian by race though and coincidentally spent schooling days in India during the Asian crisis of '98

btw I think we cant chat in Indonesian unless its a thread in the lounge
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,727
  • Aug 19, 2009 4:34am Aug 19, 2009 4:34am
Quoting maheswara
yup suma ,
Im wholly Indonesian
Indian by race though and coincidentally spent schooling days in India during the Asian crisis of '98

btw I think we cant chat in Indonesian unless its a thread in the lounge
Tidak apa la, adik adik,
Tiada orang aka peduli, gaul lah dengan suka hati saja.
  • #9,728
  • Aug 19, 2009 4:35am Aug 19, 2009 4:35am
Well, another shaky start from me. Managed to recover from a 5% deficit that I landed myself with since going live again yesterday morning. I'm up 1p now and taking a break to study the AOW and kill a few scorpions.
  • #9,729
  • Aug 19, 2009 4:46am Aug 19, 2009 4:46am
US equity futures are all down, oil is down, and more talking heads on TV talking about a deeper equity correction soon. Reality sinking in around the world. BOE report today was very interesting, and comments from ECB add to concerns. Time to water the planters and get some fresh air - lol.
  • #9,730
  • Aug 19, 2009 4:51am Aug 19, 2009 4:51am
Quoting fti
Tidak apa la, adik adik,
Tiada orang aka peduli, gaul lah dengan suka hati saja.
terima kasih < thanks > fti tha ko
  • #9,731
  • Aug 19, 2009 4:51am Aug 19, 2009 4:51am
Quoting fti
Tidak apa la, adik adik,
Tiada orang aka peduli, gaul lah dengan suka hati saja.
rofl

jangan lah , nanti dapat warning dari moderator , hahaha
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,732
  • Aug 19, 2009 4:59am Aug 19, 2009 4:59am
btw its dutchangel's birthday today ,
so gonna wish her again here ,
happy birthday DA
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,733
  • Aug 19, 2009 5:19am Aug 19, 2009 5:19am
Quoting maheswara
yup suma ,
Im wholly Indonesian
Indian by race though and coincidentally spent schooling days in India during the Asian crisis of '98

btw I think we cant chat in Indonesian unless its a thread in the lounge
anyway thank you maheswara ,,

i have one question to fti tha ko , my english is very2 bad

jadi sekali saja tolong terjemahkan pertanyaan saya kepada fti tha ko,

pertanyaan nya adalah;
1> apakah semua bank trader < tier 1 bank > kalau trading 1 hari selasai < day trading pakai m5 < 5 menit > ?

2> atau ada divisi lain /bank trader yang lain < di tier 1 bank > yang trading nya long term < sampai 3 hari atau 5 hari baru selesai > kalau ada mereka tolok ukur nya pakai tf daily atau 4 hour kira2

saya juga mengerti kalau fti dulunya daytrading < 1 hari selesai > kalau sampai overnight dia pasang posisi dalam jumlah kecil saja untuk petunjuk saja

sekedar pingin tahu saja

terima kasih banyak ya atas bantuan terjemahan nya maheswara

regard
suma
  • #9,734
  • Aug 19, 2009 5:35am Aug 19, 2009 5:35am
Quoting sumakianlee
1> apakah semua bank trader < tier 1 bank > kalau trading 1 hari selasai < day trading pakai m5 < 5 menit > ?

2> atau ada divisi lain /bank trader yang lain < di tier 1 bank > yang trading nya long term < sampai 3 hari atau 5 hari baru selesai > kalau ada mereka tolok ukur nya pakai tf daily atau 4 hour kira2

saya juga mengerti kalau fti dulunya daytrading < 1 hari selesai > kalau sampai overnight dia pasang posisi dalam jumlah kecil saja untuk petunjuk saja

regard
suma
no problemo suma
fti sir ,
suma had few questions here ,

"are all tier 1 traders uses the 5m and square their books on the same day?
are there no other type of traders using other timeframe as trading point and trade the daily or longer tfs , like 4h maybe ?

he understood that your overnight is a fraction of ur usual size ,
just wondering if there are any other type of trading that capitalize on longer tfs in the bank ?"
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,735
  • Aug 19, 2009 5:47am Aug 19, 2009 5:47am
Quoting sumakianlee
anyway thank you maheswara ,,

i have one question to fti tha ko , my english is very2 bad

jadi sekali saja tolong terjemahkan pertanyaan saya kepada fti tha ko,

pertanyaan nya adalah;
1> apakah semua bank trader < tier 1 bank > kalau trading 1 hari selasai < day trading pakai m5 < 5 menit > ?

2> atau ada divisi lain /bank trader yang lain < di tier 1 bank > yang trading nya long term < sampai 3 hari atau 5 hari baru selesai > kalau ada mereka tolok ukur nya pakai tf daily atau 4 hour kira2

saya juga mengerti kalau fti dulunya...
selamat petang, suma.

Jawapan kepada soalan adik ia la demikian.

1.kebanyakan dealer is tier 1, misi nya menbantu dealer utama, untok menjaga exposure nya, dengan mendapatkan "quote" untuk jual beli.
Kedudukan teir 1 menberikan dealer dealer pandangan luas , dengan nya kebolehan untuk kelihatan order order dari pelanggan besar besaran. dengan sebab demikian , dealer di tier satu tidak perlu untuk mengunakan chart apajua pun. Mereka lah yang menbuat gambaran di tunjuk di chart chart adik.

2.betul nya ada divisi di bank , kerja nya krusus untuk menbuat speciulasi sahaja. Tetapi jula belian nya sangat kercik berbanding dengan yang di pingganan "spot desk". Sedemikian kerujutan nya tidak mustahak kepada pasaran. MO mereka mengunakan berbagai Analisi. Selama, pengelaman saya di pasaran , belum lagi jumpa satu pun analis, yang termashur.hidupan mereka satanding kupu kupu and semasa saja.

Yang adik nyatanya off "daylight" position yang di katakan itu betul , untuk pertunjuk sahaja.

selamat maklum.
  • #9,736
  • Aug 19, 2009 6:26am Aug 19, 2009 6:26am
Quoting fti
selamat petang, suma.

Jawapan kepada soalan adik ia la demikian.

1.kebanyakan dealer is tier 1, misi nya menbantu dealer utama, untok menjaga exposure nya, dengan mendapatkan "quote" untuk jual beli.
Kedudukan teir 1 menberikan dealer dealer pandangan luas , dengan nya kebolehan untuk kelihatan order order dari pelanggan besar besaran. dengan sebab demikian , dealer di tier satu tidak perlu untuk mengunakan chart apajua pun. Mereka lah yang menbuat gambaran di tunjuk di chart chart adik.

2.betul nya ada divisi di bank , kerja nya krusus...

Ayah - I see ;-)
Jetzt ist mir alles klar ....
  • #9,737
  • Aug 19, 2009 6:54am Aug 19, 2009 6:54am
Quoting MaMood
Ayah - I see ;-)
Jetzt ist mir alles klar ....
ich auch
Empty as water and soft as a facing wind mountain
  • #9,738
  • Aug 19, 2009 7:00am Aug 19, 2009 7:00am
buy the cable, the Euro got no spunk to rally.
  • #9,739
  • Aug 19, 2009 7:04am Aug 19, 2009 7:04am
Here we are: USDJPY 938x.
But the stops have not been as strong as expected ...
  • #9,740
  • Aug 19, 2009 7:29am Aug 19, 2009 7:29am

Fti, folks,


I just closed my positions with the last nice bull kick...
a perfect and 100 % week...
I am out for the week...
travelling to Greensboro, North Carolina...
tomorrow another full day interview...
I will definitely missed the action...
ach...my forex addiction.


Good luck to all...

Empty as water and soft as a facing wind mountain
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