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Technical Analysis Fallacy

  • #9,781
  • Aug 20, 2009 4:04am Aug 20, 2009 4:04am
Quoting fti
USD bears met ghost on top against cable?

ghost was conflicting data releases.
Yeah - Retail sales much better than expected.
But Net Borrowing very disappointing ...
  • #9,782
  • Aug 20, 2009 4:15am Aug 20, 2009 4:15am
Tokyo FX volume falls as hedge funds leave

http://www.reuters.com/article/usDol...16991920090820
  • #9,783
  • Aug 20, 2009 4:18am Aug 20, 2009 4:18am
Quoting fti
Tokyo FX volume falls as hedge funds leave

http://www.reuters.com/article/usDol...16991920090820

Thx for the info, fti.

Tokyo and Singapore are rivals in FX trading.
Did not expect that Singapore is that strong ...
  • #9,784
  • Aug 20, 2009 4:27am Aug 20, 2009 4:27am
Seems USDJPY is approaching the 9400 level again.
But EURJPY and the 13400 level is slowing down the move.

However - have to prpare family lunch now.
CU later.
Good trades!

MaMood
  • #9,785
  • Aug 20, 2009 4:33am Aug 20, 2009 4:33am
If London is still the largest, y do we find NY to have more volatility ...
at least past one month...
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,786
  • Aug 20, 2009 4:34am Aug 20, 2009 4:34am
Maheswara and MaMood, Thank you, I have very much clearer understanding now.
I'm trading Gbp/Usd, it does not know which way to go today,
Regards,
  • #9,787
  • Aug 20, 2009 6:06am Aug 20, 2009 6:06am
Quoting maheswara
If London is still the largest, y do we find NY to have more volatility ...
at least past one month...
I always find NY to be like trading in treacle - haven't noticed more volatility compared to London time zone - not for cable anyway.
  • #9,788
  • Aug 20, 2009 6:20am Aug 20, 2009 6:20am
Can I ask you guys what sites you use to get charts for oil prices and the DJIA etcetera? I was using www.livecharts.co.uk but they don't seem to want to open properly today

EDIT: Woops -no wonder the DJIA chart isn't working - I forgot the time!

Still be interested to know what sites anyone uses though.

Thanks
  • #9,789
  • Aug 20, 2009 6:32am Aug 20, 2009 6:32am
Quoting ukmanthailan
Can I ask you guys what sites you use to get charts for oil prices and the DJIA etcetera? I was using www.livecharts.co.uk but they don't seem to want to open properly today

EDIT: Woops -no wonder the DJIA chart isn't working - I forgot the time!

Still be interested to know what sites anyone uses though.

Thanks
Hi UkMan,

I'm using a MT4 Platform for theses type of data.
You can get them for free here:
www.brocompany.com

And of course you can check the Dow at this time. The DowJones Future is running 24x5 ...
  • #9,790
  • Edited 7:30am Aug 20, 2009 6:46am | Edited 7:30am
Thanks very much MaMood.

I was looking at the DJIA index chart though, not the futures - thanks for the tip.

I have installed it now - that's great - it's got absolutely everything. I hope running two MT4s won't give me a problem.
  • #9,791
  • Aug 20, 2009 7:28am Aug 20, 2009 7:28am
US Unemployment Claims in 2 minutes ...
  • #9,792
  • Aug 20, 2009 8:03am Aug 20, 2009 8:03am
Quoting ukmanthailan
Thanks very much MaMood.

I was looking at the DJIA index chart though, not the futures - thanks for the tip.

I have installed it now - that's great - it's got absolutely everything. I hope running two MT4s won't give me a problem.
Hi again,

I do not expect any technical problems.
I'm running 3 different instances with 3 different brokers on the same computer ....
  • #9,793
  • Aug 20, 2009 8:40am Aug 20, 2009 8:40am
Thanks again for your advice MaMood. Both seem to be running fine. I am getting a bit dizzy with all the charts to look at now and I need another monitor lol. I just bought a pda so I could install metatrader on it and check the prices while I am out...I think I need to stop buying toys
  • #9,794
  • Aug 20, 2009 9:16am Aug 20, 2009 9:16am
Please could someone recommend a decent demo trading platform??

As per earlier posts and guidance - I am learning to dance the fti way on a demo - before risking my account - but its like having lead boots on and permanantly being in Sun Tzu's "marshes and swamps" - on the one I am using..
I am bad enough already without any extra obstacles..
Any advice appreciated..

Many Thanks
  • #9,795
  • Aug 20, 2009 9:21am Aug 20, 2009 9:21am
Quoting gdb
Please could someone recommend a decent demo trading platform??

As per earlier posts and guidance - I am learning to dance the fti way on a demo - before risking my account - but its like having lead boots on and permanantly being in Sun Tzu's "marshes and swamps" - on the one I am using..
I am bad enough already without any extra obstacles..
Any advice appreciated..

Many Thanks
Hi gdb,
which platform are you using currently?
I personally prefer the MT4 platform.

And I would recommend to demo trade with the broker that you plan to use later on with real money. So you will get used to the way of pricing your broker does in very calm or very fast markets. PA could look very different with different brokers. Especially if the spread is widening in special situations or if it is almost constant ...
  • #9,796
  • Aug 20, 2009 9:53am Aug 20, 2009 9:53am
I've just been looking at people's profiles and their friends / vouchers etcetera and realised I'm about as popular as a pork pie at a bar mitzvah in this little virtual community here - even compared to some who have only recently joined in. I'm not quite sure why as I always tried to be polite.

Anyway, please accept my apologies for being so slow to catch on and making unwanted posts on here for so long. I finally got the message and I won't intrude any longer.
  • #9,797
  • Aug 20, 2009 10:09am Aug 20, 2009 10:09am
Quoting ukmanthailan
I've just been looking at people's profiles and their friends / vouchers etcetera and realised I'm about as popular as a pork pie at a bar mitzvah in this little virtual community here - even compared to some who have only recently joined in. I'm not quite sure why as I always tried to be polite.

Anyway, please accept my apologies for being so slow to catch on and making unwanted posts on here for so long. I finally got the message and I won't intrude any longer.
Uk....What!
Are you kidding!
Vouches do not mean much for some people...
The only real vouch that counts is the one given
by the market...
I like you very much
Empty as water and soft as a facing wind mountain
  • #9,798
  • Aug 20, 2009 10:14am Aug 20, 2009 10:14am
Quoting MaMood
Hi UkMan,

I'm using a MT4 Platform for theses type of data.
You can get them for free here:
www.brocompany.com

And of course you can check the Dow at this time. The DowJones Future is running 24x5 ...
hello mamood,

i've installed the brocompany mt4 and chose " brocotrader" now i see there are very litle symbols in the list and i am wondering how you get dow gold oil and i hope treasury quotes on this platform??

i hope you can help me out,

pax
even with my eyes open i cannot see everything
  • #9,799
  • Aug 20, 2009 10:14am Aug 20, 2009 10:14am
Thanks MaMood

It is the same platform as I have been live trading -its a spread betting platform in the uk with a pretty basic charting set up (which luckily seems ideal for the fti method).

I am not sure if spread betting is only particular to the uk as any profits are tax free (if you make any) - which makes it attractive - and its also simple to use - as you specify the amount you are prepared to risk per pip movement. (Apologies as I am sure you & the other traders know all about this anyway).

Unfortunately the spread betting account demo platform is 15 mins behind the action and so slow to react I might as well make a cup of tea while I wait for the updates to my orders..So I cant learn to dance on it..
Oh and it shuts at 9 p.m my time - so no practise in the late evening slower sessions which could be helpful too..

regards
  • #9,800
  • Aug 20, 2009 10:18am Aug 20, 2009 10:18am
Quoting ukmanthailan
I've just been looking at people's profiles and their friends / vouchers etcetera and realised I'm about as popular as a pork pie at a bar mitzvah in this little virtual community here - even compared to some who have only recently joined in. I'm not quite sure why as I always tried to be polite.

Anyway, please accept my apologies for being so slow to catch on and making unwanted posts on here for so long. I finally got the message and I won't intrude any longer.



But regarding that vouche thingy:
At least I do not know much about your trading.
It would be great if you could give me/us some more details about your trades.
But I'll show some good will and break the ban ....
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