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Technical Analysis Fallacy

  • #17,341
  • Jul 7, 2010 11:38am Jul 7, 2010 11:38am
Quoting MyTbo
You've got an interesting view on this rally. Mine although is based on speculation not on logic. The last drop to 1.18 was after the NFP which came out good since the temporary hiring for population count. Big players realized that this is not a sign of recovery of the job market but just a temporary situation, so they killed all the stops of the speculators trying to pick the bottom and then positioned for the rally upward.

Market behaves most of the time illogically , because that's how market makers make the most money. Today is an example....
Today euro was good girl and well behaved, until someone open his mouth. If you noticed.
  • #17,342
  • Jul 7, 2010 11:52am Jul 7, 2010 11:52am
Quoting fti
Today euro was good girl and well behaved, until someone open his mouth. If you noticed.
Hi, fti

I guess I haven't noticed. Who and when did he/she opened his/her mouth?
I'm asking 'when' , because I'm curious how a good and well behaved EUR/USD girl looks like

Regards,
  • #17,343
  • Jul 7, 2010 11:58am Jul 7, 2010 11:58am
Quoting MyTbo
Hi, fti

I guess I haven't noticed. Who and when did he/she opened his/her mouth?
I'm asking 'when' , because I'm curious how a good and well behaved EUR/USD girl looks like

Regards,
today , someone spoke on behalf of someone elses currency policy. You didn't read? And straight his currency splashed.

Inserted Video


regards
  • #17,344
  • Jul 7, 2010 12:04pm Jul 7, 2010 12:04pm
Quoting fti
Does it matter, Who?
I know it doesn't but cant keep off my head...
Quote
I believe guess wrong,
One thing is for sure. They bought much assets in Greece, including the port. So We know she moving to real assets.
Watch Euro Cable spreads, footprint of CBs. B.UB.A leaning on Cable since good review on uk budgets?
Second half now in play, if still heli theory not show results. Shit hits fan. Third quarter , no good fundementals. Watch out October effect ,we are near.
regards

Yup checking that... right now watching as in office right now...

V
  • #17,345
  • Jul 7, 2010 12:26pm Jul 7, 2010 12:26pm
Quoting fti
today , someone spoke on behalf of someone elses currency policy. You didn't read? And straight his currency splashed.

http://www.youtube.com/watch?v=zbwGVUUr3-E

regards
Is this the guy with the big mouth?

http://www.bloomberg.com/news/2010-0...ells-cnbc.html
  • #17,346
  • Jul 7, 2010 2:39pm Jul 7, 2010 2:39pm
My Oanda doesnt work...
10min... already working...
  • #17,347
  • Jul 7, 2010 3:02pm Jul 7, 2010 3:02pm
Quoting indianguyinny24
Is it only me or i am not getting who bought Euro from 1.18 to 1.27...

Who bought eh 45 billion euro from iran Bank and even then Euro is going up..

whos behind all this...


Ans : Best guess China???



V
Sanctions for Iran, price Oil up = E/U up
  • #17,348
  • Jul 7, 2010 3:16pm Jul 7, 2010 3:16pm
Quoting Gro
Sanctions for Iran, price Oil up = E/U up
Tokyo will tell more. And tomorow a lot of GBP data...
Gbp weaken? Looking for safety port from GBP?
  • #17,349
  • Jul 8, 2010 3:50am Jul 8, 2010 3:50am
I was told whole afternoon Oanda was quoting 8 pips spreads
due to figs realeses.
Every other hour there are fig releases.
So Oanda might as well close shop.
I think they are widest spreads on whole globe.
What a lame brokerage.
Not only that.
They claim to be market maker with finest spreads.
They wish. What a lame company.
LIar, Liar, Liar.
Once they lie, put ZERO to their goodwill.
Sorry, I recommended Oanda earlier, to some of you.
They seem ok when I was testing. But time tells doesn't it?
Better change quickly to better ones.
  • #17,350
  • Jul 8, 2010 3:52am Jul 8, 2010 3:52am
Quoting fti
I was told whole afternoon Oanda was quoting 8 pips spreads
due to figs realeses.
Every other hour there are fig releases.
So Oanda might as well close shop.
I think they are widest spreads on whole globe.
What a lame brokerage.
Not only that.
They claim to be market maker with finest spreads.
They wish. What a lame company.
LIar, Liar, Liar.
Yep, i have now GBP all pairs 8pips!
  • #17,351
  • Jul 8, 2010 4:00am Jul 8, 2010 4:00am
Quoting Fana
Yep, i have now GBP all pairs 8pips!
better stop with oanda,
at that spreads, you might as well trade with money changers.
Have less credit risk.
At least you holding the cash.
  • #17,352
  • Edited 4:24am Jul 8, 2010 4:02am | Edited 4:24am
Quoting fti
better stop with oanda,
at that spreads, you might as well trade with money changers.
Have less credit risk.
At least you holding the cash.
But what about my computer... so lonely
.. spread normal. 8pips was for more than 30min...
And for fun: This i received from that Myfxbook.com. It is like a joke...
-Staff Yesterday at 08:11 Hello Fana.

It rarely happens that accounts with a large amount of history records cannot be fetched from Oanda's servers.

We're currently waiting for Oanda to supply us with an API which will resolve this issue and also the issue of an expiring connection.

In the meantime, you can try adding a different account/sub-account.

Thank you.

The part, where they recomend me to create NEW account, i like best:-)...
  • #17,353
  • Jul 8, 2010 4:11am Jul 8, 2010 4:11am
Quoting fti
I was told whole afternoon Oanda was quoting 8 pips spreads
due to figs realeses.
Every other hour there are fig releases.
So Oanda might as well close shop.
I think they are widest spreads on whole globe.
What a lame brokerage.
Not only that.
They claim to be market maker with finest spreads.
They wish. What a lame company.
LIar, Liar, Liar.
Once they lie, put ZERO to their goodwill.
Sorry, I recommended Oanda earlier, to some of you.
They seem ok when I was testing. But time tells doesn't it?
Better change quickly...
I think all brokers with floating spread use such excuses. They say when there are news releases and big volatility spreads will increase. When am I supposed to trade with their min spread? When there is no volatility and market is still...
  • #17,354
  • Jul 8, 2010 4:21am Jul 8, 2010 4:21am
Quoting Fana
Tokyo will tell more. And tomorow a lot of GBP data...
Gbp weaken? Looking for safety port from GBP?
Hi Fana

"safety port" exists only in grave.In market, NO EXIST!!! "safe place"..
You choose "GanFan" or "How to become a trader in 5 steps" (I sent you two pdf).
This thread is about money management and psychology, not only about rescue, fibo = "robotic trading instructions".
and the "5 steps" it says:
1.step - Unconscious incompetence
2.step - Conscious incompetence
3.step - The Eureka moment
4.step - Conscious competence
5.step - Conscious incompetence

No guide,instructions trade, only MM and psychology "tailored" for you ... only.For me FTI wrote: TrAiNing,

I hope you understand.
Regards
Attached File(s)
File Type: doc The 5 Steps to becoming a trader.doc   691 KB | 809 downloads
  • #17,355
  • Edited 4:43am Jul 8, 2010 4:28am | Edited 4:43am
Quoting Gro
Sanctions for Iran, price Oil up = E/U up
Yes i do. It was the replay to this.
Thank you, but dont make me less stronger than i really am. Thank you.

But all right, when this see somebody who is new here... can think something...

For ensure: this is my current view:

Ask yourselves who owns these markets? So they pay big capital to keep it work. So they need to earn money. If everybody knows how is it: nobody invest, everybody earn. Nonsense...
SO, they need the system, where bigger money EVERYTIME beats smaller money. Nevermind about data, economics, news. The biggest send the market thus they hunt smallers. So only possibiliti is to swim with them. No TA, they decide because NOW there are money. So they have to manipulate people showing them false occasions. All this is about it. We are prey everytime. But because masses reacts likewise, we can put together their weaknesses to which the biggest targeted... Combination of observations with mind-research can be hint to what and how thinks eveybody in the market.
  • #17,356
  • Jul 8, 2010 6:21am Jul 8, 2010 6:21am
Quoting fti
Today euro was good girl and well behaved, until someone open his mouth. If you noticed.

Quoting fti
...
They seem ok when I was testing. But time tells doesn't it?
Better change quickly to better ones.
in your view, which one/s fit/s the bill?
Thanks!
  • #17,357
  • Jul 8, 2010 6:47am Jul 8, 2010 6:47am
Quoting Fana
Yes i do. It was the replay to this.
Thank you, but dont make me less stronger than i really am. Thank you.

But all right, when this see somebody who is new here... can think something...

For ensure: this is my current view:

[color=Magenta]Ask yourselves who owns these markets? So they pay big capital to keep...
"Harmony"
Attached Image
  • #17,358
  • Jul 8, 2010 7:56am Jul 8, 2010 7:56am
Quoting fti
I was told whole afternoon Oanda was quoting 8 pips spreads
due to figs realeses.
Every other hour there are fig releases.
So Oanda might as well close shop.
I think they are widest spreads on whole globe.
What a lame brokerage.
Not only that.
They claim to be market maker with finest spreads.
They wish. What a lame company.
LIar, Liar, Liar.
Once they lie, put ZERO to their goodwill.
Sorry, I recommended Oanda earlier, to some of you.
They seem ok when I was testing. But time tells doesn't it?
Better change quickly...
what are the better ones???

V
  • #17,359
  • Jul 8, 2010 11:53am Jul 8, 2010 11:53am
Quoting Gro
Hi Fana

"safety port" exists only in grave.In market, NO EXIST!!! "safe place"..
You choose "GanFan" or "How to become a trader in 5 steps" (I sent...

i enjoy the article...very good lesson...thanks bro
  • #17,360
  • Jul 8, 2010 1:36pm Jul 8, 2010 1:36pm
Is anyone dancing around here?

I don't know what in The Trichet's speech made the EUR/USD go up but I rode on the way up. However, I unloaded my longs around 1.2675/78 area at the retracement after the new high, instead on the extension. This was very noobish deed. I minimized my profits, instead of maximizing them.

Regards, MyTbo
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