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Technical Analysis Fallacy

  • #14,881
  • May 6, 2010 5:30am May 6, 2010 5:30am
Quoting piccolo
You can trade USD/DKK right now since Denmark is not in the Euro Zone

or did you mean USD/DEM (Deutsche Mark)?
I meant USDDMK, it's traded before euro was created.
  • #14,882
  • May 6, 2010 5:38am May 6, 2010 5:38am
Fana, to lift your spirits, here is a list of "big boys" and their mistakes (in $)

http://en.wikipedia.org/wiki/List_of_trading_losses
  • #14,883
  • May 6, 2010 6:34am May 6, 2010 6:34am
Sentiment is at extreme now - that usually means that the burst of a bubble is close.
Italy CDS spreads widening on rumor of downgrade. Volatility will go wild around the announcements, stay safe.
  • #14,884
  • May 6, 2010 6:37am May 6, 2010 6:37am
Quoting aiyahmarklah
Oh...just speculating. Based on those comments, then the long dollars is probably a hedge for the short term volatility, and maybe to make a quick buck as well. If I bump into him in the streets I will ask him .

Oh ya...spirals...well well...very enticing but very sad for me....
Sounds to me like you are on the right track regarding spiral within spiral.
  • #14,885
  • May 6, 2010 6:44am May 6, 2010 6:44am
Quoting piccolo
Fana, to lift your spirits, here is a list of "big boys" and their mistakes (in $)

http://en.wikipedia.org/wiki/List_of_trading_losses
Omg, so it can lead to lose billions of billions.... That is cool
  • #14,886
  • May 6, 2010 7:27am May 6, 2010 7:27am
Quoting Fana
Omg, so it can lead to lose billions of billions.... That is cool
I think in our case we have to make the billions first before we can lose it.
  • #14,887
  • May 6, 2010 7:37am May 6, 2010 7:37am
Woo the french are finally #1 in something:

Jerome Kerviel 4.9 Billion Euros!

As always the US is a strong contender:

Brian Hunter 6.5 Billion Dollars!
  • #14,888
  • May 6, 2010 8:45am May 6, 2010 8:45am
not saying to go against the trend but looking at the daily, eyes have to consider how 2724 area responds.
  • #14,889
  • May 6, 2010 8:46am May 6, 2010 8:46am
+50 on my long scout, lol

will put a stop on +10 or so. this is just for fun, bottom picking, ego boost.

i will probably shoot myself in the foot later in the day, lol.
  • #14,890
  • May 6, 2010 8:53am May 6, 2010 8:53am
Anyone watched the press conference? Trichet made some very interesting remarks, even though he dodged questions on the results from the declining EUR. I especially loved the "I am not YET worried on the depreciating EUR" he dropped
  • #14,891
  • May 6, 2010 9:21am May 6, 2010 9:21am
I keep getting sliped at least 3 pips on every trade on oanda. Any one esle?
  • #14,892
  • May 6, 2010 9:26am May 6, 2010 9:26am
Quoting M-H Trader
I keep getting sliped at least 3 pips on every trade on oanda. Any one esle?
Be sure your quote box and the chart is in sync. Whats quoted is what you get, not what the chart shows, sounds like your connection is lagging?
  • #14,893
  • May 6, 2010 9:37am May 6, 2010 9:37am
Quoting auxesis
Be sure your quote box and the chart is in sync. Whats quoted is what you get, not what the chart shows, sounds like your connection is lagging?
I just double checked every thing and all seems in sync.
  • #14,894
  • May 6, 2010 9:47am May 6, 2010 9:47am
Hi FTI

Much thanks for directing "The Tunnel Thru the Air" W.D.Gann.I read slowly but better absorb.This book is the "diamond grinding".Very nice.Thanks.

Best regards
  • #14,895
  • May 6, 2010 9:55am May 6, 2010 9:55am
Quoting aiyahmarklah
Oh...just speculating. Based on those comments, then the long dollars is probably a hedge for the short term volatility, and maybe to make a quick buck as well. If I bump into him in the streets I will ask him .

Oh ya...spirals...well well...very enticing but very sad for me....
Are you able to explain how you came to that conclusion?
  • #14,896
  • May 6, 2010 9:57am May 6, 2010 9:57am
Got stopped out at +10. Sometimes you have to do stupid things with small size and let your ego out.. to restrain it later when using regular size.
  • #14,897
  • Edited 10:35am May 6, 2010 9:57am | Edited 10:35am
Quoting MyTbo
Jim Rogers is a cool guy, I like listening to his interviews, although I don't make calls besed on his analysis of the market. I remember the peak of the EUR/USD bull trend, when he was saying in every interview that he is long USD, while everybody else was talking about the end of USD as a reserve currency and probably the end of USD . He is again contrarian to the overall trend. His timing usually is not perfect but I gues his deep pockets make up for that.
Maybe he waits the media to start forecasting and talking about the end of a major currency...
... the third wave is likely to be completed E/$ ... likely (daily chart)
  • #14,898
  • May 6, 2010 10:00am May 6, 2010 10:00am
Quoting Zoran
Sounds to me like you are on the right track regarding spiral within spiral.
Hello Zoran, what made you think that ? Even in the most superficial way, I am not even sure I understand what all that is about. Being maths challenged also isn't helping.

I say this with respect, I simply cannot let the understanding (or lack of) hinder me. I have to move on, there are bills to be paid and people to answer to, as long as the money is coming in, I am not going to be handicapped by that.

Sure I would like to attain a better understanding. Maybe I should gather a few brains to crack it, in the mean time....

regards
mark
  • #14,899
  • May 6, 2010 10:01am May 6, 2010 10:01am
2700 seems defended at the moment.
  • #14,900
  • May 6, 2010 10:08am May 6, 2010 10:08am
Quoting Zoran
Are you able to explain how you came to that conclusion?
I don't need to, what I did, I believe many other keen people like you did also. Besides studying "tunnel---air" book, which for some reason always make me uncomfortable after reading it, I also looked at publicly available writings from Gann. I tried, in a sense, to reverse the thinking process. What let me draw out another post from fti, its the key...give me a min....
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