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Technical Analysis Fallacy

  • #13,181
  • Jan 27, 2010 8:15am Jan 27, 2010 8:15am
Quoting jacson101
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.
yes, books are being consolidated, and unemployment should be on the up. What a pity. This the works of inexperienced young management. They so scared of risk they should be working from jail cells.

regards
.
  • #13,182
  • Jan 27, 2010 8:18am Jan 27, 2010 8:18am
Quoting Fana
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.
i see, sorry.
its just that the tree is been shaken from the top. So every level of things will change. All 100s of years of experience and advancement will be erased, because someone need to change. But if only with experience and wisdom. Not in desperation.
So keep the day job, my friend. Even with dreams, you still need to eat.

regards
  • #13,183
  • Jan 27, 2010 8:20am Jan 27, 2010 8:20am
Quoting GEfx
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
be quick with the profits before the balls drops into the other slot again. They either not move or they gaps away.


regards
  • #13,184
  • Jan 27, 2010 8:24am Jan 27, 2010 8:24am
Quoting fti
be quick with the profits before the balls drops into the other slot again. They either not move or they gaps away.


regards
You can say that again, crazy tradin'....... grab some quick as protection for the rest and dump on the exhaustion
  • #13,185
  • Jan 27, 2010 8:47am Jan 27, 2010 8:47am
I see if the tier 1s are reducing or opting out of the market ...
who are the other parties involved now ? like market is still moving , maybe not much liquidity , but there are orders , bids and asks ...

since spot is specially bank desk fx , and retail is just copying their bid ask ...
tier 2 are the providers now ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,186
  • Jan 27, 2010 9:14am Jan 27, 2010 9:14am
Quoting maheswara
I see if the tier 1s are reducing or opting out of the market ...
who are the other parties involved now ? like market is still moving , maybe not much liquidity , but there are orders , bids and asks ...

since spot is specially bank desk fx , and retail is just copying their bid ask ...
tier 2 are the providers now ?

mahesh,

Not to offend you...just with total curiosity if Tier 1 are dying how can Tier 2 provide liquidity...

though the market structure definately seems to be different.. you call range trading or whatever...

V
  • #13,187
  • Jan 27, 2010 9:15am Jan 27, 2010 9:15am
Quoting Fana
I have to handle trading, job for living and i take it very, VERY SERIOUS.
Fana,

never think you are alone... and Hardwork, Good time Badtime is at the end are all relative....


V
  • #13,188
  • Jan 27, 2010 9:18am Jan 27, 2010 9:18am
I have been looking for any indication that tier 1's in London or NY are making changes to their trading ops, or are about to layoff traders, move or close down operations. There are no news stories indicating this and nothing today on CNBC. We may have some advanced information on this so play it safe.

I am seeing the markets in a consolidation mode now and trying to decide if the trend is still on or time to reverse, especially the euro and the gbp. The E/J shows risk aversion is on big time and the cad is just plain goofy. I will trade the consolidation for the time being and watch for other news. In addition, there are some new news stories about withdrawl of easy money in Europe and the US sooner than planned, and the thing in Greece is geting worse. FOMC announcement later and Big Ben and Little Timmy are in front of the Congress now. Lots of reasons for a slow day and week up to now.

My short E/$ is moving again and I am hoping for the break of 4028 soon.
  • #13,189
  • Jan 27, 2010 9:41am Jan 27, 2010 9:41am
Quoting indianguyinny24
mahesh,

Not to offend you...just with total curiosity if Tier 1 are dying how can Tier 2 provide liquidity...

though the market structure definately seems to be different.. you call range trading or whatever...

V
thats what baffling me ...
cos market moves , n wat we r watching is a copy of spot bid n ask ...
spot is otc bank right ?
so there is bank fx activities ...
if tier 1s are not operating , whose bid and ask are we watching ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,190
  • Jan 27, 2010 9:47am Jan 27, 2010 9:47am
OK, taking 1/2 position off at 4034 and now protecting entry. Need a big push now to get thru 4030-28
  • #13,191
  • Jan 27, 2010 10:47am Jan 27, 2010 10:47am
"Fear the Boom and Bust" a Hayek vs. Keynes Rap Musical video

Brings a little levity into your day. My apologies to those that dont care for rap music.

Inserted Video
  • #13,192
  • Jan 27, 2010 11:40am Jan 27, 2010 11:40am
OK, still in this E/$ trade but getting sea sick due to the up/down motion - lol. Would like to be in this as we approach the FOMC announcement so that is my goal here, but will protect my profits as best I can. Have been watching Geitner on CNBC and I must say he put on a pretty strong showing for himself. Back to the charts.
  • #13,193
  • Jan 27, 2010 12:32pm Jan 27, 2010 12:32pm
  •  acim
  • | Joined Jan 2010 | Status: I'd rather be stacking :-P | 46 Posts
Thank you Sebetos and Fana for your comments on my first dance.

I would appreciate anyone's critique of my dance. (both MO and MM). There were no lines on my hourly chart when I was dancing ..... there for explanation :-)

Thank you for your time and happy trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fti 24a.jpg Size: 88 KB
Click to Enlarge Name: fti 24b.jpg Size: 81 KB
  • #13,194
  • Jan 27, 2010 1:17pm Jan 27, 2010 1:17pm
Quoting acim
Thank you Sebetos and Fana for your comments on my first dance.

I would appreciate anyone's critique of my dance. (both MO and MM). There were no lines on my hourly chart when I was dancing ..... there for explanation :-)

Thank you for your time and happy trading
Hello Acim

I have +1% today. How much do you have in %?
So tomorow next fight. Regards

Btw. 1.4000 is here
  • #13,195
  • Edited 1:40pm Jan 27, 2010 1:27pm | Edited 1:40pm
OK, through the 4028 level, and I am protecting 4030 now.

Edit: sqaure and out at 4024, and done for a while, back for Tokyo open.
  • #13,196
  • Jan 27, 2010 5:37pm Jan 27, 2010 5:37pm
Quoting fti
yes, books are being consolidated, and unemployment should be on the up. What a pity. This the works of inexperienced young management. They so scared of risk they should be working from jail cells.

regards
.
Serious times may call for serious measures.
Guilt or apology? management?

http://www.zerohedge.com/article/go...rops+to+zero%29
  • #13,197
  • Jan 27, 2010 7:21pm Jan 27, 2010 7:21pm
Quoting acim
Thank you Sebetos and Fana for your comments on my first dance.

I would appreciate anyone's critique of my dance. (both MO and MM). There were no lines on my hourly chart when I was dancing ..... there for explanation :-)

Thank you for your time and happy trading
were u short or long???.....
  • #13,198
  • Edited 9:48pm Jan 27, 2010 7:25pm | Edited 9:48pm
Dear master fti,

Fana- I have to handle trading, job for living and i take it very, VERY SERIOUS. Every i do i think and work HARD.- Fana

V- never think you are alone... and Hardwork, Good time Badtime is at the end are all relative....

I'm ready & about to open live account now. what I'm going to do now?
I guess we are all sicked & tried of our day jobs that's why we are working very hard to become successful trades. So sad but anyway thank you Fti which you are working very hard(your time & your effort) to guide us to be successful traders which there are so many qualified traders now(trained by you).

then its time to trade coffee and orange juice
Sir, if we can't trade forex, can you teach us to trade coffee & orange juice too .(just kidding)

Best regard,
  • #13,199
  • Jan 27, 2010 7:53pm Jan 27, 2010 7:53pm
Happy Tokyo trading to everyone and I hope you are all in the E/$. I have two short positions (1.4016 and 1.3996) open now and hoping for an extension of the south move. Protecting entry on one and profits on the other. This may not last long but maybe it will go on for a while more. Focus.

Edit: Protecting 40 pips on the first trade and 5 on the second now. Obama starts in a few minutes.
  • #13,200
  • Jan 27, 2010 9:06pm Jan 27, 2010 9:06pm
  •  acim
  • | Joined Jan 2010 | Status: I'd rather be stacking :-P | 46 Posts
Quoting Fana
Hello Acim

I have +1% today. How much do you have in %?
Hi Fana ..... I had around 1.5 %


indianguyinny24 I was long and rescuing as it was going south and then closed positions as I pointed on a chart. Little yellow lines are levels where I entered/exited.


Good trading to all
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