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Technical Analysis Fallacy

  • #11,981
  • Jan 5, 2010 5:17am Jan 5, 2010 5:17am
Quoting fti
In fact i can train monkeys to trade, if P&L was the yardstick.
Those with chips on their shoulders, I send them to the grinders. And I have many. Once i sent senior dealer to work my trades at the bonds pits of a trading floor. Made him stand in the pit for long long hours working my orders. develops some humility.
oh wow ,
u called that punishment ? i would love to get the chance to work in the pit even if its just standing there the whole day , whenever I see those blue jacket pit traders on bloomberg , it feels like im watching a superhero movie ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #11,982
  • Jan 5, 2010 5:20am Jan 5, 2010 5:20am
Quoting j-pax
would these dealers think it's cheap now if below 1.4400 stops where not in striking distance???
i have read "beat the forex dealer" stupid name but a fun book to read... also about dealer aspecialy retail MM. arrogance and how they love a good stop-sweep.
cheap and expensive is always relative to a benchmark. Depending on that benchmark, the perspective changes.

I would not venture a guess to whats happening, I have no view o the orders book.
  • #11,983
  • Jan 5, 2010 5:23am Jan 5, 2010 5:23am
Quoting Fana
But why is so big movement when theDow opens? Ithought that this is caused by this: When people dont like stock, they want dolar, when they want stocks, they dont want dolar...is cheapper... Question is, where is the vallue.... In stock or dolar... Please correct me when i am false. Thank you. regards
So you think the equity market impacts the usd market.
so whats that impact to the cable or Euro?
are you saying that equity investors in europe and england are dominant US?

regards
  • #11,984
  • Edited 11:23am Jan 5, 2010 5:27am | Edited 11:23am
Quoting maheswara
oh wow ,
u called that punishment ? i would love to get the chance to work in the pit even if its just standing there the whole day , whenever I see those blue jacket pit traders on bloomberg , it feels like im watching a superhero movie ...
mahes,tell senior dealers in banks , that
when I was a kid wanted to be the guy running the merry go rounds as well. Seemed like much fun. But we know the truth, don't we. I arranged to try that for a little time, was really hellish.

regards

try spot me, in the pic
  • #11,985
  • Jan 5, 2010 5:34am Jan 5, 2010 5:34am
Quoting fti
mahes,tell senior dealers in banks , that
when I was a kid wanted to be the guy running the merry go rounds as well. Seemed like much fun. But we know the truth, don't we.


regards
rofl

u aimed to work as the merry go rounds operator as a kid and instead u were running a bank ??
ah , not everything goes as wat we planned in life
To Live is the rarest thing in the world , Most people exist , that is all
  • #11,986
  • Jan 5, 2010 5:34am Jan 5, 2010 5:34am
Quoting fti
So you think the equity market impacts the usd market.
so whats that impact to the cable or Euro?
are you saying that equity investors in europe and england are dominant US?

regards
I think so, equity market has impact to the usd market.
(eur/usd moves because of buying,selling mostly usd stocks, oil...)

Eur, Yen, Gbp are currency of non-leading economies, and are not such standard like the USD is

So Europeans wait mostly for usd markets...

And Europeans are not dominant in us, but think, that us markets are the most important and trade due to it...

That is what i thing... ?true
Regards
  • #11,987
  • Jan 5, 2010 5:45am Jan 5, 2010 5:45am
Quoting Fana
I think so, equity market has impact to the usd market.
(eur/usd moves because of buying,selling mostly usd stocks, oil...)

Eur, Yen, Gbp are currency of non-leading economies, and are not such standard like the USD is

So Europeans wait mostly for usd markets...

And Europeans are not dominant in us, but think, that us markets are the most important and trade due to it...

That is what i thing... ?true
Regards
wrong, beep

usd moves because us citizens import and export goods and services. They were most watched, as they were the world's largest consumers of world goods and services after WW2. In regards ot being most dominant, they were, as consumers. Now is bills paying time.

The pasted generations of american, they kicked ass in many arenas, Unfortunately , its very soft now.

Generally, you are most powerful, when compliance is a given , and wishes respected. When force is applied to garner compliace, it is sign of weakness.

Sun Zi " when able to attack , they will not, there is no necessity to do so. hen unable they use force to instill fear." something like that.

regards
  • #11,988
  • Jan 5, 2010 5:48am Jan 5, 2010 5:48am
Quoting fti
wrong, beep

usd moves because us citizens import and export goods and services. They were most watched, as they were the world's largest consumers of world goods and services after WW2. In regards ot being most dominant, they were, as consumers. Now is bills paying time.

regards
Largest consummers? That is logical... So this was the engine...
  • #11,989
  • Jan 5, 2010 6:01am Jan 5, 2010 6:01am
Quoting Fana
Largest consummers? That is logical... So this was the engine...
initially after WW2, the growth was exponentially high. Althought they were largest consumers of goods and services, they were great innovators and productivity was high. The overconfidence, pride and high chair created wrong livestyle for those who came after seeking comfort without the effort. "For those long divided they unite, and those long united they divide." There is a chinese saying. Physical Wealth will not trancend 3 generations. Can you understand why?

Key word is "real productivity".

regards
  • #11,990
  • Jan 5, 2010 6:10am Jan 5, 2010 6:10am
Very informative fti, thank you.
  • #11,991
  • Jan 5, 2010 6:17am Jan 5, 2010 6:17am
Quoting Fana
Very informative fti, thank you.
such is the same in households. So

Inserted Video
  • #11,992
  • Jan 5, 2010 6:27am Jan 5, 2010 6:27am
Quoting fti
try spot me, in the pic
You are the one with black hair right?
  • #11,993
  • Jan 5, 2010 6:30am Jan 5, 2010 6:30am
yea, who are of great faith, we are back in business.
the music begins again. Whats the tune?
  • #11,994
  • Jan 5, 2010 6:32am Jan 5, 2010 6:32am
Is this you?
Attached Image
  • #11,995
  • Edited 11:21am Jan 5, 2010 6:39am | Edited 11:21am
Quoting Zoran
You are the one with black hair right?
zoran, wrong, try spot me again.
  • #11,996
  • Jan 5, 2010 6:42am Jan 5, 2010 6:42am
I am in...
I voted for the kid on the right.
Good morning everyone and happy hunting.
Attached Image
Empty as water and soft as a facing wind mountain
  • #11,997
  • Jan 5, 2010 6:43am Jan 5, 2010 6:43am
Quoting luSan
I am in...
I voted for the kid on the right.
Good morning everyone and happy hunting.
wrong, lusan, try find Nic Leeson
  • #11,998
  • Jan 5, 2010 6:49am Jan 5, 2010 6:49am
Quoting fti
wrong, lusan, try find Nic Leeson
Ole cow!
Nic was one of the bad guys.

Happy day...
I am leaving for work.
Empty as water and soft as a facing wind mountain
  • #11,999
  • Jan 5, 2010 6:49am Jan 5, 2010 6:49am
Ok back to markets

position recap

long euro/usd, scout 14450, L2 14459, L3 14462
  • #12,000
  • Jan 5, 2010 6:51am Jan 5, 2010 6:51am
Quoting luSan
Ole cow!
Nic was one of the bad guys.

Happy day...
I am leaving for work.
Nic lost the queen's shirt.
to every buyer, there's a seller?
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