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Technical Analysis Fallacy

  • #9,741
  • Aug 19, 2009 7:30am Aug 19, 2009 7:30am
Market woes being seen in the currencies again, Pound, Euro Aussie all down Yen up.

Away on Business, wishing all cart loads of pips

regards
  • #9,742
  • Aug 19, 2009 7:37am Aug 19, 2009 7:37am
Quoting luSan

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...


Viel Erfolg, Lusan!
  • #9,743
  • Aug 19, 2009 7:37am Aug 19, 2009 7:37am
Looks like the risk aversion thing is in full force today. MaMood is trading the $/Y and I am in/out of the E/Y. Now waiting to see if the E/$ or G/$ will join in the fun.
Edit: MaMood, lets see if it will reload and go again!
  • #9,744
  • Aug 19, 2009 7:44am Aug 19, 2009 7:44am
Quoting GEfx
Looks like the risk aversion thing is in full force today. MaMood is trading the $/Y and I am in/out of the E/Y. Now waiting to see if the E/$ or G/$ will join in the fun.
Edit: MaMood, lets see if it will reload and go again!
Hi GEfx,

difficult situation in USDJPY:
The chart is still supporting my short bias.
But my feeling is sending me some warnings, that we could turn very fast very strong.
So I will be very cautious and nimble....
  • #9,745
  • Aug 19, 2009 8:06am Aug 19, 2009 8:06am
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...
"thanks for the insight fti tha ko "

i just realise that rumour about market maker in a very2 big currency market is really exist

one question again maybe a silly question
usually for how long ? some one / or some institute / or tier 1 / or dealer utama
to hold buy/sell currency for stabilise his currency
one hour? one day ? or one week ? or one month ?

thanks
regard
suma
  • #9,746
  • Aug 19, 2009 8:10am Aug 19, 2009 8:10am
Quoting MaMood
Hi GEfx,

difficult situation in USDJPY:
The chart is still supporting my short bias.
But my feeling is sending me some warnings, that we could turn very fast very strong.
So I will be very cautious and nimble....
Understand what you are saying. I have been getting into trades and not hanging around very long, taking pips when I can and sitting on the side lines to see if things develop. Lets me play it anyway it develops to stay nimble.
  • #9,747
  • Aug 19, 2009 8:21am Aug 19, 2009 8:21am
OK, back in the E/J on that reload. Lets see where it goes this time.
  • #9,748
  • Aug 19, 2009 8:22am Aug 19, 2009 8:22am
Quoting GEfx
OK, back in the E/J on that reload. Lets see where it goes this time.
Sent in my short scout at 9395 ~20 minutes ago...

edit: I expect that our ladies will be lead by the equity markets again. Always the same story: Risk aversion or not - means Stock down or up.
So we have to wait 5 more minutes till NYSE has opened.
  • #9,749
  • Aug 19, 2009 8:31am Aug 19, 2009 8:31am
Quoting fti
Hi ALL,

Big money seen scalping.

@ MaMood
the die is casted , USD is bull
yes, had nice coffee , thanks.

http://www.youtube.com/watch?v=vCW8zZZNGSY&fmt=18
Nice video. Exactly how one should feel in the the face of uncertainty. Thanks for sharing.
  • #9,750
  • Aug 19, 2009 8:34am Aug 19, 2009 8:34am
Now flat on that E/J trade and will see where this goes.
  • #9,751
  • Aug 19, 2009 8:56am Aug 19, 2009 8:56am
Quoting luSan
ich auch
Quoting MaMood
Ayah - I see ;-)
Jetzt ist mir alles klar ....
And this is the kind of courtesy , you have for fellow traders.

Shame.

I least expected from you two. As if you never asked down right basic questions before.
  • #9,752
  • Aug 19, 2009 9:00am Aug 19, 2009 9:00am
Quoting sumakianlee
"thanks for the insight fti tha ko "

i just realise that rumour about market maker in a very2 big currency market is really exist

one question again maybe a silly question
usually for how long ? some one / or some institute / or tier 1 / or dealer utama
to hold buy/sell currency for stabilise his currency
one hour? one day ? or one week ? or one month ?

thanks
regard
suma
It depends on the markets pulse and dance.
Market makers have deep pockets and can hold exposures across zones , but seldom across the day.

regards
  • #9,753
  • Aug 19, 2009 9:00am Aug 19, 2009 9:00am
Quoting fti
And this is the kind of courtesy , you have for fellow traders.

Shame.

I least expected from you two.
I apologize to suma...it was a joke...I meant no harm...I was trying to practice my lousy german.

CU.
Empty as water and soft as a facing wind mountain
  • #9,754
  • Aug 19, 2009 9:05am Aug 19, 2009 9:05am
I feel guilty

Seems Dow is making it's losses back.
Still waiting for some clear signs.
My scout is still in.
Maybe I'll send him some rescue troops around 9425, if PA gives me the chance to do so ...
  • #9,755
  • Aug 19, 2009 9:09am Aug 19, 2009 9:09am
Uuups - of course I apologize too!!!
Sorry - I'm not able to read or write Indonesian language at all.
Was just joking ....


edit:
OK - rescue done with some profit.
Now it get's exciting: Will 9400 level hold?
Short scout is still in.
  • #9,756
  • Aug 19, 2009 9:27am Aug 19, 2009 9:27am
oil news in few minutes ,
currently at 71 usd
better square out n reenter after news
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,757
  • Edited 9:44am Aug 19, 2009 9:32am | Edited 9:44am
Quoting maheswara
oil news in few minutes ,
currently at 71 usd
better square out n reenter after news
Thx for headsup.
Whew: -8.4M and +1.1M was expected

Inserted Video
  • #9,758
  • Edited 9:56am Aug 19, 2009 9:44am | Edited 9:56am
Quoting luSan
I apologize to suma...it was a joke...I meant no harm...I was trying to practice my lousy german.

CU.
One thingy about life is that, althought all are the same, but really, even our fingers in our own hand , there are differences.

Knowledge must transend boundaries of language and cultures, therefore respect is the bond that can hold.

A joke is something that, when presented that all can laugh, and never at others expense.

here is a lesson my father taught me , early in life. It may be useful.

Human emotions are very delicate, like vases. If you are not careful and break it. You may be able to try to glue it together again. But the fault will show, However well it is being repaired, it will never be whole again.

Where do you think all the world's problems eminate from?

Empathy, understanding and tolerance are virtues. They are a part of mindset. Cultivate them wrongly and you just created yourself scorpions. This applys to all relationships, even to family, spouses, friends and foes.

regards

In suma's defense, the man , asked politely and ernestly, about a subject cover early in this thread. His command of the Queen's language, or lack of, may had left him questions. Of which he asked politely.

All that was attempted was a respond in the best way I know how to piece together for him, a response in his native language,that it may help him understand, to the best of my ability.
  • #9,759
  • Edited 11:16am Aug 19, 2009 9:54am | Edited 11:16am
MaMood's reminder to stay nimble paid off to everyone paying attention. Was able to see the sudden muscle emerge in the E/J and got some nice pips on the move up. Also, am in the $/CHF and protecting 30 pips, waiting to see what it's going to do. Will probably make this my last trade of the day so good trading to you all.
Edit: I am now protecting 50 pips and going for a run. Bye all.
Edit: Wow, it's 16:14 GMT and I am still in this thing up about 97 pips, and going to square it here. That is the most profitable run I have had in several months - lol.
  • #9,760
  • Aug 19, 2009 10:05am Aug 19, 2009 10:05am
Dear fti and dear suma,

I'm sure no one has had the intension of doing a joke on someone others expense. Mine and - I'm sure - Lusan's postings did only relate to the fact, that it was yery suprising to read that foreign language. Reading asian languanges "sounds" very unusual to us westeners.

But thanx for making the lesson your father taught you public.
Yery wise and very right.
And I'm sure most of the members of your thread are acting/behaving very close to that.

So once again: I'm deeply Sorry for mine/our misleading posting(s).
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