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Technical Analysis Fallacy

  • #11,461
  • Dec 8, 2009 1:55pm Dec 8, 2009 1:55pm
Quoting fti
Hi All,
heard this report on 29 nov 2009.
can any one verify if this is true?

http://www.youtube.com/watch?v=RACRiUA5vmQ

any clues much appreciated.
Glad to see your freed up a bit and have time to post.

Trying to keep the faith and work with the tools you left for us.

The one that I constantly hear most is to have your mm such that it leaves you free of emotional stress as you work with the market both in rescues and attacks so we are better able to flow with the market, thanks again.

As far as clues I have known as I havent heard a word about it, just that 40-80 thousand were asked for by the general and he was given 30.
Maybe somebodys trying to plant some seeds.
  • #11,462
  • Edited 2:21pm Dec 8, 2009 1:59pm | Edited 2:21pm
Quoting auxesis
Lilpip,

I don't know of any (owner) business that will not accept silver/gold for payment, albeit you may have to meet the owner to transact business, but if they have a brain in their head, it shouldn't be an issue..... the problem that I see on the horizon, is tax reporting problems........ it's already in the code to report profit from barter transactions, I can see a multitude of issues arising when they do not have a paper trial to follow. When did you buy your metal, average purchase price, current price, ect ect.........

fwiw
Just recently, I missed out on this past move up.
Although I did sell some last thursday at months end, I had a feeling we were going into dec. to test support., Jan. should be interesting for all markets, I cant wait.
Im probably going to look to by more when price moves back to where India puchased their tons.
  • #11,463
  • Dec 8, 2009 1:59pm Dec 8, 2009 1:59pm
Rumors out that China is buying Euro just below 4700, see what happens..... what's the adage? Beware possible dung.....
  • #11,464
  • Dec 8, 2009 2:02pm Dec 8, 2009 2:02pm
I have to pay attention here @ 4674 after yesterdays close this was a area of extra interst as I prepared for the day .
  • #11,465
  • Dec 8, 2009 2:08pm Dec 8, 2009 2:08pm
Quoting lilpip
I have to pay attention here @ 4674 after yesterdays close this was a area of extra interst as I prepared for the day .
LOL, on the flip side I read that we are seeing front running of possible blackbox sell orders on the close today..... flip a coin, hahahhahaha
  • #11,466
  • Dec 8, 2009 2:12pm Dec 8, 2009 2:12pm
Quoting auxesis
LOL, on the flip side I read that we are seeing front running of possible blackbox sell orders on the close today..... flip a coin, hahahhahaha
She will tell us.
  • #11,467
  • Dec 8, 2009 5:32pm Dec 8, 2009 5:32pm
Quoting auxesis
Some questions to Heli's methods

http://www.bloomberg.com/apps/news?p...d=athNs65A8rew
Hi auxesis, hope you had a good day trading, and a good day overall for that matter. I read this article today and thought it was an interesting read on the guys perspective of the current fed policy. There is going to be a price to pay for these low rates but in what form and when is in question. Unfortunately Obama is doing everything he can do now to screw things up which will keep the pressure on Big Ben to leave rates low. 2010 is going to be one for the history books, I think.

But where does the dollar go in 2010? Let's get everyone to make there own guess on the E/$ range for 2010. Sorry fti, I know you hate crystal balling, so please believe me when I say that I will not be trading the following WAG (wild ass guess). I think the rest of the world will suffer more than the US. My prediction for the E/$ in 2010 is a low of 1.2400 (could hit 1.1200 if Iran is attacked), and a high of 1.5700. When it starts the move to 1.2400, it would be a good idea to sell your gold, but buy it back on the move north from 1.2400.
  • #11,468
  • Edited 6:40pm Dec 8, 2009 6:29pm | Edited 6:40pm
Hi Fti,
Happy to see you back, hope you are in very good health.
my progress is very good, now I'm making pips but very little profit due to most of the time doing rescue seldom attack. I hope I can trade full time within 6 months time(hopefully I can make it.)

Quoting Fana
Hello fti. Good to see you. In my 5th-month of tradng i still lose money, but not so dramatically...

@Hi Fana & newbies.
Have a look at this site fx street Webinars recording by sam seiden talking about supply demand support, resistance, breakout trades & also multitime frame analysis,I've just found few days ago. I think it's suitable for this style of trade.
http://www.fxstreet.com/search/contr...1-e9bf77216d2f

by the way why dont you record your band(songs) and post to us to listen. It would be good

Best regards,
  • #11,469
  • Dec 8, 2009 7:28pm Dec 8, 2009 7:28pm
Quoting GEfx
Hi auxesis, hope you had a good day trading, and a good day overall for that matter. I read this article today and thought it was an interesting read on the guys perspective of the current fed policy. There is going to be a price to pay for these low rates but in what form and when is in question. Unfortunately Obama is doing everything he can do now to screw things up which will keep the pressure on Big Ben to leave rates low. 2010 is going to be one for the history books, I think.

But where does the dollar go in 2010? Let's get everyone to...
GEfx,

Today was profit, nothing really to write home about......... another day another dollar / a million days a millionaire Wish I could live that long.

If things get bad (crash), the dollar will see an initial flight to safety, as we saw last year, with out the crash (unlikely), the dollar continues to devalue against it's counterparts, no one knows the ceiling. We will just leave the printing press on full tilt, and print our way to oblivion.

But I see a case where Gold continues to climb, regardless of the dollar index, meaning all currencies are losing ground and the inflation hedge would be seen against most all commodities and metals.

Gold is going up, if you sell it, you might not be able to buy it back, regardless of the price.

It's not too late, imho... regardless of what economist formula, but we have to stop NOW and turn a full 180 degrees in our spending.. it will hurt, and that's why no politician will do it, they can't get elected on truth when their opponent dangles the carrot of continued government handouts.

regards,
  • #11,470
  • Dec 8, 2009 8:58pm Dec 8, 2009 8:58pm
Quoting auxesis
GEfx,

Today was profit, nothing really to write home about......... another day another dollar / a million days a millionaire Wish I could live that long.

If things get bad (crash), the dollar will see an initial flight to safety, as we saw last year, with out the crash (unlikely), the dollar continues to devalue against it's counterparts, no one knows the ceiling. We will just leave the printing press on full tilt, and print our way to oblivion.

But I see a case where Gold continues to climb, regardless of the dollar index, meaning...
Hi auxesis, glad to hear that today was a profit day for you. Let's keep it going tomorrow! I have to admit that I am not a gold bug. I know that flys in the face of market trends right now. There is a line of thinking that as gold gets higher, central bankers get concerned. They (rightly) view gold as a competitor and will do what they can do to keep it from rising too high. If you see $2,000/oz. gold anytime soon, it means the central bankers have lost control. They will work together to keep gold prices from flying too far off. IMHO. And don't get me started on government spending. Very deep problem.
  • #11,471
  • Dec 8, 2009 9:14pm Dec 8, 2009 9:14pm
Quoting GEfx
Hi auxesis, glad to hear that today was a profit day for you. Let's keep it going tomorrow! I have to admit that I am not a gold bug. I know that flys in the face of market trends right now. There is a line of thinking that as gold gets higher, central bankers get concerned. They (rightly) view gold as a competitor and will do what they can do to keep it from rising too high. If you see $2,000/oz. gold anytime soon, it means the central bankers have lost control. They will work together to keep gold prices from flying too far off. IMHO. And don't...
I'm not a true gold bug, have a couple of friends that are... it's good to diversify your holdings, some metal isn't a bad thing, need some cash on hand too.. not everything in the bank..... dig you a nice big hole in the back yard, dig a well and keep some seeds for the garden.

Markets will be getting thin here after this week, if they are not there already. This week will probably be it for me, and will look to be back after the new year.

regards
  • #11,472
  • Dec 8, 2009 10:35pm Dec 8, 2009 10:35pm
Quoting auxesis
Lilpip,

I don't know of any (owner) business that will not accept silver/gold for payment, albeit you may have to meet the owner to transact business, but if they have a brain in their head, it shouldn't be an issue..... the problem that I see on the horizon, is tax reporting problems........ it's already in the code to report profit from barter transactions, I can see a multitude of issues arising when they do not have a paper trial to follow. When did you buy your metal, average purchase price, current price, ect ect.........

fwiw
I find most business's I run into are not set up to do so, however We want to have a test market in the area I live to see if their is enough people that have an appreciation for the value and idea of having a portion of sales in silver or gold.
Thanks for heads up on paper trail.
From your posts comment on fiat currency I believe you'll appreciate the book Guide to Investing in Gold and silver by Michael Maloney.
  • #11,473
  • Dec 8, 2009 11:29pm Dec 8, 2009 11:29pm
Notes taken on ny move down and back up to 4719 area and bounce down again.
note taken on move through 4719 and back down to it and bounce up.

the move up just isnt very convincing.
  • #11,474
  • Dec 9, 2009 3:12am Dec 9, 2009 3:12am
guess we have some more room to go down , its rather illiquid though ... the short charts are messing the feel
To Live is the rarest thing in the world , Most people exist , that is all
  • #11,475
  • Edited 5:40am Dec 9, 2009 3:18am | Edited 5:40am
Last three times i was trading against the trend... some -pips...
And after i was of course(beginer) like wise general...


Long EUR/USD 1.4752
Short USD//JPY 87.96, 88.02

Closed, go USD/JPY long...

Qestion: How to save chart in OANDA? Want to save pictures about my trading... Thank you.
  • #11,476
  • Dec 9, 2009 6:28am Dec 9, 2009 6:28am
Quoting Fana
Last three times i was trading against the trend... some -pips...
And after i was of course(beginer) like wise general...


Long EUR/USD 1.4752
Short USD//JPY 87.96, 88.02

Closed, go USD/JPY long...

Qestion: How to save chart in OANDA? Want to save pictures about my trading... Thank you.
Just print screen.
  • #11,477
  • Dec 9, 2009 7:50am Dec 9, 2009 7:50am
Quoting M-H Trader
Just print screen.
Yes, but i want to show here my trades and ask....dont know how tosave picture for this(oanda).
  • #11,478
  • Dec 9, 2009 7:54am Dec 9, 2009 7:54am
Quoting Fana
Yes, but i want to show here my trades and ask....dont know how tosave picture for this(oanda).
Fana,

Hit print screen, this will save your screen shot in memory, use your Paint program if you do not have a screen saver program to save it as a file.

Open paint and under edit hit paste, this will load your saved screen shot.

Save that as a gif or jpeg file.

then you can attach the file to your post here at FF.

regards
  • #11,479
  • Dec 9, 2009 7:56am Dec 9, 2009 7:56am
Happy trading day everyone. My day can be summed up in one word: boring.
  • #11,480
  • Dec 9, 2009 7:58am Dec 9, 2009 7:58am
It is official. President Obama has the lowest approval rating of any US president at the eleventh month into their first term: 47% and falling. So much for hope and change. Reality sets in with a thud.
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