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Technical Analysis Fallacy

  • #14,061
  • Mar 24, 2010 2:17am Mar 24, 2010 2:17am
yup , i dont want to believe they are playing around , but its been like this for sometime ,

anyway i found an alternate solution to this , m.fxtrade.com
its supposed to be the server for mobile platform , but u can open it thru http and u can close n open trades/orders from there with no problem when the main platform is problematic , i guess its a different server altogether...
To Live is the rarest thing in the world , Most people exist , that is all
  • #14,062
  • Mar 24, 2010 2:24am Mar 24, 2010 2:24am
I almost want you to take this info down after everyone has a chance to see it. Thanks
  • #14,063
  • Mar 24, 2010 3:00am Mar 24, 2010 3:00am
Thanks, mashes!

by the way, news confirmed that there's very little buyers, even servigent angencies don't want to buy. so, my guess is-- brokers/market makers lost their balls and cut connection.
  • #14,064
  • Edited 3:35am Mar 24, 2010 3:07am | Edited 3:35am
Quoting aiyahmarklah
Are you bullish on the aussie dollar ?
US seem to be very strong at the moment AU down to 9123

And today I dare not to trade any pair as I worry I might reverse anytime? so missed many opportunity
Eu broke resistance at 1.3440 & now Au 9117 I'm going to scalp AU counter trade it've gone to far and I lost 9106 never trade counter trend

Cheers,
  • #14,065
  • Mar 24, 2010 3:58am Mar 24, 2010 3:58am
Quoting maheswara
yup , i dont want to believe they are playing around , but its been like this for sometime ,

anyway i found an alternate solution to this , m.fxtrade.com
its supposed to be the server for mobile platform , but u can open it thru http and u can close n open trades/orders from there with no problem when the main platform is problematic , i guess its a different server altogether...
Thanks for that. I just tried it on my computer. It will be good when the internet is slow or disconnecting. Ray
  • #14,066
  • Mar 24, 2010 7:28am Mar 24, 2010 7:28am
Quoting pete.alfa
US seem to be very strong at the moment AU down to 9123

And today I dare not to trade any pair as I worry I might reverse anytime? so missed many opportunity
Eu broke resistance at 1.3440 & now Au 9117 I'm going to scalp AU counter trade it've gone to far and I lost 9106 never trade counter trend

Cheers,
Hi pete, I feel your pain...I traded from 60 min and daily chart...counter trend work out just fine actually...

Don't get paralyzed by fear....its only wed go for it
  • #14,067
  • Mar 24, 2010 7:43am Mar 24, 2010 7:43am
Quoting imjscn
Thanks, mashes!

by the way, news confirmed that there's very little buyers, even servigent angencies don't want to buy. so, my guess is-- brokers/market makers lost their balls and cut connection.
Unlikely that they cut connection due to liquidity problem, it works against them, even the worst bucket shop would not do that with new regulations. Those selective disconnections are thing of a pass, for a US broker that is. Besides, disconnecting their customers is a risky thing for them to do.

Its always good to have your broker's number on speed dial as well as a back up account to hedge if needed. Re-quotes, wide spreads and slippage are signs of thin market, not connection.

Anyway did oanda do any system upgrade or maintainence ? It happens everytime they upgrade, which feels more like downgrade. But they improved a lot since the last couple of years.
  • #14,068
  • Mar 24, 2010 8:12am Mar 24, 2010 8:12am
Quoting aiyahmarklah
Unlikely that they cut connection due to liquidity problem, it works against them, even the worst bucket shop would not do that with new regulations. Those selective disconnections are thing of a pass, for a US broker that is. Besides, disconnecting their customers is a risky thing for them to do.

Its always good to have your broker's number on speed dial as well as a back up account to hedge if needed. Re-quotes, wide spreads and slippage are signs of thin market, not connection.

Anyway did oanda do any system upgrade or maintainence ? It happens...
I don't think they are doing it to lock anybody out, I'd say they are having server overload issues, but they need to address it. I remember a while back similar issues, delays drops ect....., but everythings been fine until lately.
  • #14,069
  • Mar 24, 2010 9:11am Mar 24, 2010 9:11am
Fortunately today was a one way market, otherwise really scary.
By the way, Oanda doesn't accept phone call to excute trades. I got to know this rule last year from their live chat. Today, a friend of mine called their office to excute trades, they didn't answer the call.

From the timing it lost connection, --lost upon big drop and recover when retrace, I got the impression that Oanda lost liquidity provider, without the ability to hedge, they dare not trade against clients, so they block the connection. When the impulse finished, they switch on again, to bully the exiting positions.

I hope my thoughts is wrong, after all, we don't have much choice till one day the retail Forex become matured and well regulated.
  • #14,070
  • Mar 24, 2010 9:30am Mar 24, 2010 9:30am
Quoting fti
I suggest three very important ingredients. One is " Market Structure ", the other is "YOU", then Capitalisation. Of course there are many more components, for the moment these seems of dominant importance, in my humble opinion.

I hope you will think about what I've said very carefully.
I shall try to push these doors ajar for you slowly to show you the light at the end of the tunnel (please hope its no on-coming train), God willing.
This is very true
  • #14,071
  • Mar 24, 2010 9:34am Mar 24, 2010 9:34am
Quoting auxesis
I don't think they are doing it to lock anybody out, I'd say they are having server overload issues, but they need to address it. I remember a while back similar issues, delays drops ect....., but everythings been fine until lately.
Quoting imjscn
Fortunately today was a one way market, otherwise really scary.
By the way, Oanda doesn't accept phone call to excute trades. I got to know this rule last year from their live chat. Today, a friend of mine called their office to excute trades, they didn't answer the call.

From the timing it lost connection, --lost upon big drop and...
we could only assume cause we have no fact regarding that matter..we just assume the server overload..or we just assume that they block the connection to save their position against the client. Whichever the truth is, they should enhance their services to the client.
  • #14,072
  • Mar 24, 2010 9:52am Mar 24, 2010 9:52am
Quoting auxesis
I don't think they are doing it to lock anybody out, I'd say they are having server overload issues, but they need to address it. I remember a while back similar issues, delays drops ect....., but everythings been fine until lately.
I agree, server overload is a known issue and the problem seems to be creeping back, however compared to about 4 years ago, now I just need to log in again and I am up where in the pass it wasn't possible.

Quoting imjscn
Fortunately today was a one way market, otherwise really scary.
By the way, Oanda doesn't accept phone call to excute trades. I got to know this rule last year from their live chat. Today, a friend of mine called their office to excute trades, they didn't answer the call.

From the timing it lost connection, --lost upon big drop and...
Its a shame they don't do that (execute trade) via telephone, I have called in to close positions before though, the call was picked up promptly. I guess we just have to learn how to manage the pros and cons of different brokers.
  • #14,073
  • Mar 25, 2010 5:49pm Mar 25, 2010 5:49pm
Quoting aiyahmarklah
Hi pete, I feel your pain...I traded from 60 min and daily chart...counter trend work out just fine actually...

Don't get paralyzed by fear....its only wed go for it
Thanks Mark I'll try to do that

Cheers,
  • #14,074
  • Mar 25, 2010 6:58pm Mar 25, 2010 6:58pm
looking for scout entry eyes.
watchin e/u 3300 area.
a/u 9068
  • #14,075
  • Mar 25, 2010 7:00pm Mar 25, 2010 7:00pm
Quoting auxesis
Well at least your starting off on the right foot....

Sitting duck levels will always work for some I guess.
Good post aux- on the differing calc's of these "pivotal levels".
Good trading and God bless,
  • #14,076
  • Mar 26, 2010 2:35am Mar 26, 2010 2:35am
Quoting Setebos
The EU chiefs finally got to a conclusion last night - it feels like the lesser evil - obeying the EU rules and principles on the one hand and still reaching for the IMF on the other.
Tokyo's been week on the EUR selling euphoria almost the entire week but now they've decided to start the profit taking before the rest of the bunch... possible bull trap?
hey setebos ,
can u tell me wat the eu chief has said briefly ? im out of touch with the news ... n my eyes are killing me , dont want to read lengthy speeches ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #14,077
  • Mar 26, 2010 2:44am Mar 26, 2010 2:44am
Quoting maheswara
hey setebos ,
can u tell me wat the eu chief has said briefly ? im out of touch with the news ... n my eyes are killing me , dont want to read lengthy speeches ...
Hey mahes,

they basically agreed that possible aid for Greece would come jointly from the EU and from the IMF. It will, however, be strictly piloted by the EU. It only came after a meeting between Merkel and Sarkozy just before the official summit. There should be a long press conference after the end of the summit today which will bring additional details to the matter.
Merkel is on her way to live to the "the new iron lady" nickname
  • #14,078
  • Mar 26, 2010 3:06am Mar 26, 2010 3:06am
Quoting Setebos
Hey mahes,

they basically agreed that possible aid for Greece would come jointly from the EU and from the IMF. It will, however, be strictly piloted by the EU. It only came after a meeting between Merkel and Sarkozy just before the official summit. There should be a long press conference after the end of the summit today which will bring additional details to the matter.
Merkel is on her way to live to the "the new iron lady" nickname
ah I see

so imf taking half the burden ... nothing good can come out of excessive debt ...

thanks setebos ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #14,079
  • Mar 26, 2010 3:46am Mar 26, 2010 3:46am
Quoting lilpip
looking for scout entry eyes.
watchin e/u 3300 area.
a/u 9068
eyes open e/u 3371
area of extra interest for friday
3522
3371
3220
  • #14,080
  • Mar 26, 2010 4:13am Mar 26, 2010 4:13am
Friday profit taking is the mood of the day it seems. Lets see the power of the bulls
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