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Technical Analysis Fallacy

  • #13,161
  • Jan 26, 2010 5:50pm Jan 26, 2010 5:50pm
Quoting indianguyinny24
I am in US.... i am indian.. works in Newyork... so looking for US based broker...
FXCM, but open an account at FXCM UK, not US. US CFTC is about to change trade leverage in US from 1:100 to 1:10. Most US brokers will go out of business or move operations to UK or elsewhere. IMO
  • #13,162
  • Jan 26, 2010 6:30pm Jan 26, 2010 6:30pm
Quoting GEfx
FXCM, but open an account at FXCM UK, not US. US CFTC is about to change trade leverage in US from 1:100 to 1:10. Most US brokers will go out of business or move operations to UK or elsewhere. IMO
I doubt they go through with the 10:1, it was just a proposal for discussion. You can write or email them with your comments, be sure to add your name and contact info if you want to be taken seriously, there is also a chance that your comments will be published when the final draft is done.

I'm thinking they will end up with 50:1 being the max, that should put capital requirements similar to other markets.

fwiw,
  • #13,163
  • Edited 8:05pm Jan 26, 2010 6:43pm | Edited 8:05pm
squared and watching e/u 1.4085 area for scout re-entry
a/u 9025-32, along with the other 2 kingdoms.

e/u 4098 point of extra interest for me not 4085.
  • #13,164
  • Jan 26, 2010 7:52pm Jan 26, 2010 7:52pm
@picolo ,
yeah the move was on asian session which is not my trading time (despite me being in asia lol)
still made 2% though ...
@jacson ,
on autobahn db ,
firefox indicates a probable identity theft , something wrong with the certification for the site ...
found a direct fx site , http://www.autobahnfx.com/
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,165
  • Jan 26, 2010 8:38pm Jan 26, 2010 8:38pm
Quoting maheswara
@picolo ,
yeah the move was on asian session which is not my trading time (despite me being in asia lol)
still made 2% though ...
@jacson ,
on autobahn db ,
firefox indicates a probable identity theft , something wrong with the certification for the site ...
found a direct fx site , http://www.autobahnfx.com/
that's the one.

The link might be presentation encrypted( low level).
Fwiw,I know there is an autobahn and that there's a DB,lol.

Where I found it.. Markets home page with link to "autobahn" presentation..
http://globalmarkets.db.com/

cheers.
  • #13,166
  • Edited 10:09pm Jan 26, 2010 9:47pm | Edited 10:09pm
my eyes are extra wide uj 8917 area.
a/u 9032
e/u 4098
g/u6166-75
  • #13,167
  • Edited 1:06am Jan 27, 2010 12:46am | Edited 1:06am
the markets, they died.
too many poking into the structure of its growth.
if this sillyness continues.
then its time to trade coffee and orange juice.
or buy a beach house and have crazy parties.
much better than waste time , sitting in front of electricity.

you see what imbeciles can do to markets, imagine this mode for 1 year. Even the seals will migrate from alaska.

regards

no one can trade these markets now, only money changers. Good Luck to CHANGE. Many people didin't notice change also can be a two edge sword. I need get a new hobby now, retiring into retirement. I have no energies to deal with them imbeciles. Maybe after next election , when damage is corrected.
  • #13,168
  • Jan 27, 2010 2:22am Jan 27, 2010 2:22am
Quoting fti
the markets, they died.
too many poking into the structure of its growth.
if this sillyness continues.
then its time to trade coffee and orange juice.
or buy a beach house and have crazy parties.
much better than waste time , sitting in front of electricity.

you see what imbeciles can do to markets, imagine this mode for 1 year. Even the seals will migrate from alaska.

regards

no one can trade these markets now, only money changers. Good Luck to CHANGE. Many people didin't notice change also can be a two edge sword. I need get a new hobby now,...
Sir, with all the respect to you. This is the first time, that if you permit, i oppose with you. I strongly dissagree with

"no one can trade these markets now, only money changers."


I am very sorry for that what that imbecilles do, but i hope, we can survive. America can survive. I am friend of USA. And EU is also good partner of US. I believe, these problems are to be solved.
  • #13,169
  • Jan 27, 2010 2:24am Jan 27, 2010 2:24am
ai ai sir,
not enuf money to buy beach house n have crazy parties
do invite me when u r having one though
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,170
  • Edited 3:29am Jan 27, 2010 3:19am | Edited 3:29am
Quoting fti
the markets, they died.
too many poking into the structure of its growth.
if this sillyness continues.
then its time to trade coffee and orange juice.
or buy a beach house and have crazy parties.
much better than waste time , sitting in front of electricity.

you see what imbeciles can do to markets, imagine this mode for 1 year. Even the seals will migrate from alaska.

regards

no one can trade these markets now, only money changers. Good Luck to CHANGE. Many people didin't notice change also can be a two edge sword. I need get a new...
i get it, next party is at fti's beach house.
  • #13,171
  • Edited 5:43am Jan 27, 2010 5:00am | Edited 5:43am
Happy trading day everyone. I am short the E/$ at 1.4071 with a 1/2 normal position. May be in an equalibrium area now and this may take some time. 4028 is a tough nut to crack down below here. The GBP has retraced nicely and now looking at it for possible trade.

FOMC later today and lack of data makes for a wierd market now. Much has been made in US about Geitner at Treasury maybe being gone soon or at least politically weakened, and the Burnake delay in the Senate has caused some uncertainty in the markets. Blurry picture of the future. Add to that Obama's big speach Wednesday night and there are plenty of reasons to pause. It is also interesting to have ECB officials today defending the future of the Euro. Questions remain there, and they are suddenly playing defense. Best use of our time today may be fti's beach party (good idea fti).

Edit: Square and out at 4068.
  • #13,172
  • Jan 27, 2010 5:17am Jan 27, 2010 5:17am
Quoting GEfx
Happy trading day everyone. I am short the E/$ at 1.4071 with a 1/2 normal position. May be in an equalibrium area now and this may take some time. 4028 is a tough nut to crack down below here. The GBP has retraced nicely and now looking at it for possible trade.

FOMC later today and lack of data makes for a wierd market now. Much has been made in US about Geitner at Treasury maybe being gone soon or at least politically weakened, and the Burnake delay in the Senate has caused some uncertainty in the markets. Blurry picture of the future. Add...
Looks like asian session is the better place to be lately. I was warming my lunch and missed the level to exit, so I'm hanging waiting for my longs to come back in the game again... or to deploy a rescue.
Can't see the range coming to an end any time soon. I hate trading ranges. Blah!
  • #13,173
  • Jan 27, 2010 5:59am Jan 27, 2010 5:59am
Quoting Setebos
Looks like asian session is the better place to be lately. I was warming my lunch and missed the level to exit, so I'm hanging waiting for my longs to come back in the game again... or to deploy a rescue.
Can't see the range coming to an end any time soon. I hate trading ranges. Blah!
setebos
this is not ranging markets, Its red and black on roulette wheel.
and the casinos, they give better action than this any time.
The structure is damaged, I am hearing interbank lines off everywhere, at least for bigger boys. Others can do anything they like, happy casino gaming on the forex.

regards
  • #13,174
  • Edited 6:18am Jan 27, 2010 6:06am | Edited 6:18am
Quoting jacson101
that's the one.

The link might be presentation encrypted( low level).
Fwiw,I know there is an autobahn and that there's a DB,lol.

Where I found it.. Markets home page with link to "autobahn" presentation..
http://globalmarkets.db.com/

cheers.
jacson,
come on be serious, For a name that does there fx risk back to back on customers? maybe fxcm is giving them live feed for retail prices? but teir 1 seems winding off, I am hearing lines off everywhere. Its called risk compliance, the new age forex.

A decade plus ago, they did a hostile takeover of Mrogan Grenfell, the oldest merchant bankers in the world. Under their management it has slided into oblivion. Tell me about their innovative spirits. kidder peabody and the original board of d would turn in their graves. Do you know how sad it is to see the world's oldest and most robust merchant bank and loan syndicator reduced to a stock broker?

regards
  • #13,175
  • Jan 27, 2010 6:24am Jan 27, 2010 6:24am
Quoting Fana
Sir, with all the respect to you. This is the first time, that if you permit, i oppose with you. I strongly dissagree with

"no one can trade these markets now, only money changers."


I am very sorry for that what that imbecilles do, but i hope, we can survive. America can survive. I am friend of USA. And EU is also good partner of US. I believe, these problems are to be solved.
Hi fana,
Are you speaking with any operational teir 1's?
If not then you best listen.
But you are at liberty to believe whatever you please.

regards
  • #13,176
  • Edited 6:55am Jan 27, 2010 6:30am | Edited 6:55am
Quoting fti
jacson,
come on be serious, For a name that does there fx risk back to back on customers? maybe fxcm is giving them live feed for retail prices? but teir 1 seems winding off, I am hearing lines off everywhere. Its called risk compliance, the new age forex.

A decade plus ago, they did a hostile takeover of Mrogan Grenfell, the oldest merchant bankers in the world. Under their management it has slided into oblivion. Tell me about their innovative spirits. kidder peabody and the original board of d would turn in their graves. Do...
Ps: if the name baffles you . today, it is known only by its initials, DMG. they did away with the name.

Sorry was 2 decades ago, 1988, I can still remember , every one resigned from the bank, one of my "brothers", he headed their far east regional treasury. They even tried to put one of the captains of finance, a director there, to pasture. Fortunately, God does not allow good men to go down easily. after his tour of eating the hunmble pie , he sits on the apex of SGX now.
  • #13,177
  • Jan 27, 2010 6:56am Jan 27, 2010 6:56am
OK, now focused on the GBP and the CAD. The Eur has taken some sleeping pills and I will wait for it to break out of this zone its in now. Fresh coffee and focus now.
  • #13,178
  • Edited 7:27am Jan 27, 2010 7:12am | Edited 7:27am
Quoting fti
jacson,
come on be serious, For a name that does there fx risk back to back on customers? maybe fxcm is giving them live feed for retail prices? but teir 1 seems winding off, I am hearing lines off everywhere. Its called risk compliance, the new age forex.

A decade plus ago, they did a hostile takeover of Mrogan Grenfell, the oldest merchant bankers in the world. Under their management it has slided into oblivion. Tell me about their innovative spirits. kidder peabody and the original board of d would turn in their graves. Do you...
Party at fti's

Remember doughnuts sir.
With that said, you are absolutely correct.
Soon no treasury? Just 5 phd's and 2 computer programmers.

Kidder was before my time, I am still a young man by any standard.
I was on autobahn briefly a few years ago.
Historically they are very poor at hostility and fairly good at fading
Frankfurt still a different place than London.

jpy crosses broken smells of book consolidation..

Regards.
  • #13,179
  • Edited 8:15am Jan 27, 2010 7:14am | Edited 8:15am
Quoting fti
Hi fana,
Are you speaking with any operational teir 1's?
If not then you best listen.
But you are at liberty to believe whatever you please.

regards
OK, but what should i think about my future? I want to be a trader. So should i continue forex? What does it mean? Thank you.

IMHO: fti, you are the professional(i want to be one day) and i dont know what to do, when such pro. like you say, that goes retire because of diving markets... That is not, that i want to thing something... I only have a fear, because of when you say it, it is serious. I have to handle trading, job for living and i take it very, VERY SERIOUS. Every i do i think and work HARD. Appreciate your research. Regards.
  • #13,180
  • Edited 8:52am Jan 27, 2010 8:07am | Edited 8:52am
OK, short the E/$ again at about the same price (4064) on the break, and going long the $/CAD if break is sustained here. Good trading to everyone.

Edit: watching the 4028 area and if there is a sustained break there this could go for a while.
Edit2: protecting 4059 now
Edit3: Protecting 4064 now after the retest, 8 min to Home Sales in US
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