Technical Analysis Fallacy | Page 674 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Ultimate Fallacy in Technical Analysis 99 replies

"Technical Analysis Fallacy" thread people, I need your help 54 replies

Technical Analysis Fallacy Redux 23 replies

Statistical analysis fallacy 33 replies

Attachments: Technical Analysis Fallacy
Exit Attachments

Technical Analysis Fallacy

  • #13,461
  • Feb 11, 2010 2:43am Feb 11, 2010 2:43am
Quoting joypips
perhaps they were going to issue Australian dollars...the frangipani and coconut also on that note....
Hi Joy,

how are you doing?

Regards,
MaMood
  • #13,462
  • Feb 11, 2010 4:19am Feb 11, 2010 4:19am
Quoting Arthur
Hello guys, damn I got really bad situation out here to get the long story short:...
lol
''That's all it takes really - pressure and time''
  • #13,463
  • Edited 6:24am Feb 11, 2010 4:51am | Edited 6:24am
Very slow day - banked some on E$ and the Yen girl, but still, after yesterday it all feels like barely moving...

No CB interventions, no fun?

P.S. I should complain more often - market went wild again
  • #13,464
  • Feb 11, 2010 6:55am Feb 11, 2010 6:55am
Hi Friends,

found the following a few minutes ago in another thread.
Not sure if you know about it.
fti mentioned something similiar some days ago ....

Information

Don't forget that several mega hedge funds are betting against all EUR pairs at the moment.
This could be one reason why brokers are nervous as their market expousure must be fcukin huge.
If the hedge funds get it right (they normally do) then you will see some brokers go bust.
So, expect spread widening etc from all of them.

[...]

Disclaimer: Be aware of possible Cow Dung included :-)
  • #13,465
  • Feb 11, 2010 7:02am Feb 11, 2010 7:02am
Quoting MaMood
Hi Friends,

found the following a few minutes ago in another thread.
Not sure if you know about it.
fti mentioned something similiar some days ago ....
[indent]Information

Don't forget that several mega hedge funds are betting against all EUR pairs at the moment.
This could be one reason why brokers are nervous as their market expousure must be fcukin huge.
If the hedge funds get it right (they normally do) then you will see some brokers go bust.
So, expect spread widening etc from all of them.

[...]...
That statement makes no sense to me, mega hedge fund I doubt uses a broker, and why would a MM assume the counterparty for such risk. I would think they were hedged or offset.

fwiw
  • #13,466
  • Feb 11, 2010 7:03am Feb 11, 2010 7:03am
Quoting Setebos
Very slow day - banked some on E$ and the Yen girl, but still, after yesterday it all feels like barely moving...

No CB interventions, no fun?

P.S. I should complain more often - market went wild again
Yes, the move down from 1.3800 to 1.3705 was very controled. I was long in the early stage before I knew what was happening. Booked a small loss for the London session. Out now, waiting to see what the NY session brings. Regards to all. Ray
  • #13,467
  • Feb 11, 2010 7:07am Feb 11, 2010 7:07am
Quoting auxesis
That statement makes no sense to me, mega hedge fund I doubt uses a broker, and why would a MM assume the counterparty for such risk. I would think they were hedged or offset.

fwiw
Hi Auxesis,

I was relaying mainly to the statement, that the market is betting heavily EUR short.
And I can imagine, that brokers (not the brokers of the hedge funds) in general have a problem with such extreme situations. Especially those little bucket shop we are trading with ....

But who knows ... ;-)

Cu,
MaMood
  • #13,468
  • Feb 11, 2010 7:14am Feb 11, 2010 7:14am
Quoting MaMood
Hi Auxesis,

I was relaying mainly to the statement, that the market is betting heavily EUR short.
And I can imagine, that brokers (not the brokers of the hedge funds) in general have a problem with such extreme situations. Especially those little bucket shop we are trading with ....

But who knows ... ;-)

Cu,
MaMood
Jmho, concerns over Greece and PIIGS in general are known at the moment, Bernacke's comment yesterday implied easing, i.e. Rates increase, at least at the window, while ECU's point to continued low rate holding.

Focus is away from Euro for the forseeable future, me thinks.

Soon Fed will start horrible statments to keep $ weak, LOL.
  • #13,469
  • Feb 11, 2010 7:22am Feb 11, 2010 7:22am
Quoting auxesis
[...] for the forseeable future, me thinks.

[...] .
foreseeable future - very cool.
How do you do that?
  • #13,470
  • Feb 11, 2010 7:24am Feb 11, 2010 7:24am
Quoting MaMood
foreseeable future - very cool.
How do you do that?
really!

Unemployment claims, showtime.

Good trading everyone.
  • #13,471
  • Feb 11, 2010 7:25am Feb 11, 2010 7:25am
Hi friends. Wild west on forex...
  • #13,472
  • Feb 11, 2010 7:39am Feb 11, 2010 7:39am
current bias is down , can change if dow is bullish at ny open ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,473
  • Feb 11, 2010 7:41am Feb 11, 2010 7:41am
bucket shops always act as if up against the wall - mine slipped me on several occasions today.

I spoke to a client of mine in California last night - she was explaining that it's a small nightmare over there claiming to have about 20% unemployment roughly, which is being hidden by government officials using set up statistics. As much as I "love" conspiracy theories I do get that quite a lot from US people.

Auxesis, you are in the US - is it that bad really?
  • #13,474
  • Edited 8:23am Feb 11, 2010 7:45am | Edited 8:23am
Quoting maheswara
current bias is down , can change if dow is bullish at ny open ...

Anyone else USDJPY long, like me? ;-)

edit: If we are breaking todays low with great momentumI'm going to do a leveraged flip ....
edit:: Ready for a large scale rescue or a flip if needed ...
edit::: rescue troops are in. Need 8976 for BE
edit:::: next level rescue prepared. Amd still ready to do leveraged flip. Will be patient now till I know if we are going below todays low or not.

please don't be suprised about my very high exposure in this small range of PA. I would classify me as an "micro dancer". Using very small distances in PA to do my dancing.

edit::::: Have my finger on the flip trigger, as well as on the rescue trigger now ....
edit:::::: Flip? Rescue? Flip? Rescue? Maybe NYSE opening will give direction. But no need to get nervous. Have all the tools I need to bail me out of this (Thx to fti=).
edit::::::: Took my rescue troops out, when I was very close to BE at 8975.6. Have still my scout and some long troops in. due to the long tails of the last two candles on the M15 chart. Next rescue will be deployed around 8960. Or I do the flip. depends on Momentum .....
edit:::::::: Here we are. made some profits now. Scout still in. But waiting for NYSE opening for direction ....
  • #13,475
  • Edited 8:27am Feb 11, 2010 8:16am | Edited 8:27am
Quoting MaMood
Anyone else USDJPY long, like me? ;-)

edit: If we are breaking todays low with great momentumI'm going to do a leveraged flip ....
edit:: Ready for a large scale rescue or a flip if needed ...
edit::: rescue troops are in. Need 8976 for BE
edit:::: next level rescue prepared. Amd still ready to do leveraged flip. Will be patient now till I know if we are going below todays low or not.

please don't be suprised about my very high exposure in this small range of PA. I would classify me as an "micro dancer". Using very small distances in PA to...
squared at 1.3655, held big one from 1.3723
waiting for ny , still down ,

good luk mamood

ps:something I learned a long ago (from zoran i think) , the monthly euro chart formed bearish butterfly gartley (dunno if thats wat its called)
off course , it doesnt mean much to daytraders ...but according to the pattern we shld touch that 1.25 lows in few months...
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,476
  • Feb 11, 2010 8:21am Feb 11, 2010 8:21am
Quoting maheswara
squared at 1.3655, held big one from 1.3723
waiting for ny , still down ,

good luk mamood
Congrats and Thx!
  • #13,477
  • Feb 11, 2010 8:42am Feb 11, 2010 8:42am
Only a ~10 pip range with my lady for the past 45 minutes.
Do not like this kind of blues dancing ....
;-)

edit: DOW, EUR and Oil are all going down in sync atm .....
  • #13,478
  • Feb 11, 2010 9:46am Feb 11, 2010 9:46am
Seems my USDJPY long scout/troops have woken up.
Want to see some action now ....

Gooooooooo .....


edit: seems to be motivated by some news about the EU summit on Greece ....
  • #13,479
  • Feb 11, 2010 11:03am Feb 11, 2010 11:03am
Hi again,

have attached a word document, that I have found in another thread here on ff. It is at least an interesting read. Especially the part on requotes depending on 4 or 5 digit price feeds ....

But as always: Be aware of possible Cow Dung included ;-)
Attached File(s)
File Type: doc AlpariCEOStatement.doc   36 KB | 407 downloads
  • #13,480
  • Feb 11, 2010 1:58pm Feb 11, 2010 1:58pm
Quoting joypips
perhaps they were going to issue Australian dollars...the frangipani and coconut also on that note....
Here are the proposed new US dollars.
Attached Images
9 traders viewing now