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Technical Analysis Fallacy

  • #13,081
  • Edited 8:43am Jan 25, 2010 8:28am | Edited 8:43am
Quoting fti
When moves are jerky and in straight lines, it cannot be anything but manipulation. Big proxy money in markets.


regards
my bad, didn't notice your sentence about the big money in markets part. now i understand what you mean

out for a small loss. im afraid u've misunderstood sir, no technical analysis of that kind that you detest. just a note to myself about the possibilities that might happen. if it retraces, good for me. if not, i'll be out in a jiffy. any attempt at rescue would be disastrous. now to sit at the sidelines and watch!
  • #13,082
  • Edited 8:55am Jan 25, 2010 8:38am | Edited 8:55am
Hi ALL,
Did you know, the interbank dealers take and manage proprietary position on all time scales. Because they being the backbone of the markets , make the markets. Thats why they have position exposure from time to time, because they make the interbank markets. They act as liquidity providers to all market participants large and small. they act as lines for risk and price distribution, to facilitate international trade.
Now their lines will be cut or removed, so who's left to make the markets? The federal reserve board? hedge funds? who?

regards
  • #13,083
  • Jan 25, 2010 8:40am Jan 25, 2010 8:40am
Quoting GEfx
A big part of successful trading is knowing when to sit on the sidelines. You make money by not taking losses on days like this, at least up to this point. Can't tell if bulls and bears are sleeping together or just napping.
I agree with you about sitting on sidelines ...
but today just seem like a normal day to me , lesser range maybe ... is there something im missin ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,084
  • Jan 25, 2010 8:48am Jan 25, 2010 8:48am
Quoting fti
Hi ALL,
Did you know, the interbank dealers take and manage proprietary position on all time scales. Because they being the backbone of the markets , make the markets. Thats why they have position exposure from time to time, because they make the interbank markets.
Now their lines will be cut or removed, so who's left to make the markets? The federal reserve board?

regards
Thanks for the insight. Do you think the markets will be more volatility?
  • #13,085
  • Jan 25, 2010 8:52am Jan 25, 2010 8:52am
Quoting maheswara
I agree with you about sitting on sidelines ...
but today just seem like a normal day to me , lesser range maybe ... is there something im missin ...
Slow moves against the trend, more sideways than anything. Two important facts: if the market in trending, it will stop at some point, and when the market in ranging, it will start trending at some point. I am waiting for a decision to be made on direction, and do not want to trade the retrace on a Monday. Just a personal thing.
  • #13,086
  • Edited 9:10am Jan 25, 2010 8:57am | Edited 9:10am
Quoting GEfx
Slow moves against the trend, more sideways than anything. Two important facts: if the market in trending, it will stop at some point, and when the market in ranging, it will start trending at some point. I am waiting for a decision to be made on direction, and do not want to trade the retrace on a Monday. Just a personal thing.
ai ya, Gefx,
If these fiasco continues, we probably be gambling fixes and pegs soon. Dead will be free and dynamic markets and price discovery.

regards

PS: I would not buy the usd even if it appreciates 1000 pips. Who is to say that the next fix will not be down 10000pips.
Gone is manageability from liquid and fluid markets.
  • #13,087
  • Jan 25, 2010 9:00am Jan 25, 2010 9:00am
Quoting GEfx
Slow moves against the trend, more sideways than anything. Two important facts: if the market in trending, it will stop at some point, and when the market in ranging, it will start trending at some point. I am waiting for a decision to be made on direction, and do not want to trade the retrace on a Monday. Just a personal thing.
ah I see ,

makes sense , if trend it ll stop , if range it ll trend ...
so u dont dance at all ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,088
  • Jan 25, 2010 9:03am Jan 25, 2010 9:03am
Quoting maheswara
ah I see ,

makes sense , if trend it ll stop , if range it ll trend ...
so u dont dance at all ?
It reminds me something from Albert Einstein...
  • #13,089
  • Jan 25, 2010 9:05am Jan 25, 2010 9:05am
Quoting maheswara
ah I see ,

makes sense , if trend it ll stop , if range it ll trend ...
so u dont dance at all ?
  • #13,090
  • Jan 25, 2010 9:14am Jan 25, 2010 9:14am
the greatest compliment is to copy others while claiming superiority in thoughts. Bullshit packaged beautifully is still bullshit.

regards
  • #13,091
  • Jan 25, 2010 9:18am Jan 25, 2010 9:18am
Quoting maheswara
ah I see ,

makes sense , if trend it ll stop , if range it ll trend ...
so u dont dance at all ?
LOL -- that is true so far today.
  • #13,092
  • Jan 25, 2010 9:18am Jan 25, 2010 9:18am
Quoting fti
the greatest compliment is to copy others while claiming superiority in thoughts. Bullshit packaged beautifully is still bullshit.

regards
Thats deep.. wonder what prompted that?
  • #13,093
  • Jan 25, 2010 9:21am Jan 25, 2010 9:21am
Quoting indianguyinny24
Thats deep.. wonder what prompted that?
with liquidity gone, whats there to trade. Better to gamble if the ball rolls into red or black on the roulette wheel la. Whats the difference. At least on the ball only God can manipulate.

regards
  • #13,094
  • Jan 25, 2010 9:21am Jan 25, 2010 9:21am
Quoting fti
ai ya, Gefx,
If these fiasco continues, we probably be gambling fixes and pegs soon. Dead will be free and dynamic markets and price discovery.

regards

PS: I would not buy the usd even if it appreciates 1000 pips. Who is to say that the next fix will not be down 10000pips.
Gone is manageability from liquid and fluid markets.
What will bring the fiasco to a halt? Scary thoughts. As for the 1000pips, I'll trade 'em, but with an eye on the 10000 -- LOL.
  • #13,095
  • Edited 9:34am Jan 25, 2010 9:24am | Edited 9:34am
Quoting GEfx
What will bring the fiasco to a halt? Scary thoughts. As for the 1000pips, I'll trade 'em, but with an eye on the 10000 -- LOL.
without liquidity and fluid markets how are you gonna take out your profits?

regards

Oh I guess you didn't hear about trading line freezes and downgrades in the banks. Is all back to back now.
  • #13,096
  • Jan 25, 2010 9:35am Jan 25, 2010 9:35am
Quoting fti
without liquidity and fluid markets how are you gonna take out your profits?

regards

Oh I guess you didn't hear about trading line freezes in the banks. Is all back to back now.
That is why I keep a close eye on my broker. Focusing on the E/J now for possible short.
  • #13,097
  • Jan 25, 2010 9:36am Jan 25, 2010 9:36am
Quoting fti
without liquidity and fluid markets how are you gonna take out your profits?

regards

Oh I guess you didn't hear about trading line freezes and downgrades in the banks. Is all back to back now.
can it be done? I wonder how the new structure would look like..
  • #13,098
  • Jan 25, 2010 9:37am Jan 25, 2010 9:37am
Quoting GEfx
That is why I keep a close eye on my broker. Focusing on the E/J now for possible short.
I won't be surprised , if you will be tradin 50 pips slippages soon.

regards
  • #13,099
  • Jan 25, 2010 9:37am Jan 25, 2010 9:37am
Quoting indianguyinny24
Thats deep.. wonder what prompted that?
Indianguyinny : That is true and is up to us to make us better. Intelligence is not privilege. Thus we have to behave.
  • #13,100
  • Jan 25, 2010 9:42am Jan 25, 2010 9:42am
Quoting fti
I won't be surprised , if you will be tradin 50 pips slippages soon.

regards
Great, sounds like old times.

Time to move to a different venue.
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