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Technical Analysis Fallacy

  • #17,701
  • Jul 29, 2010 2:35pm Jul 29, 2010 2:35pm
Quoting fti
ai ya, you better sort out your your priorities asap.
no man can serve 2 masters.

regards
but that right setup is not easy to obtain... they are very tempting sometimes. I had my lecture. Pondered.
Tiger woods? Who is it? No i am joking. I was like him when i was younger, no more. I found the right way...
  • #17,702
  • Jul 29, 2010 2:38pm Jul 29, 2010 2:38pm
Quoting Fana
but that right setup is not easy to obtain... they are very tempting sometimes. I had my lecture. Pondered.
You know FEB2865 says when you're suffering losses,"lick your wounds for as long as necessary and get the %uck back up and start trading!" wise words for a foul mouth

btw I have also posted on your journal. check it out.
  • #17,703
  • Jul 29, 2010 2:41pm Jul 29, 2010 2:41pm
Quoting dakoo
You know FEB2865 says when you're suffering losses,"lick your wounds for as long as necessary and get the %uck back up and start trading!" wise words for a foul mouth

btw I have also posted on your journal. check it out.
Thats why i must be superman. Loss is 90%
  • #17,704
  • Jul 29, 2010 2:43pm Jul 29, 2010 2:43pm
lets see if the rest of the steel balls can survive whats left of the attrition. 2nd time a big wave frizzled out this month.
  • #17,705
  • Jul 29, 2010 2:44pm Jul 29, 2010 2:44pm
Quoting Fana
Thats why i must be superman. Loss is 90%
OMG , 90% of cap.
if cap then stop
no way back
the line is 50% of cap and finished.
If 90% of cap then you need postpone your trading until you can fund a new book.
  • #17,706
  • Jul 29, 2010 2:45pm Jul 29, 2010 2:45pm
Quoting fti
lets see if the rest of the steel balls can survive whats left of the attrition. 2nd time a big wave frizzled out this month.
In your experience FTI what is happening on market makers desks during such periods of stagnation? are players building positions, liquidating or just waiting and seeing? and what kind of activity brings price back into motion?

Thanks.
  • #17,707
  • Jul 29, 2010 2:48pm Jul 29, 2010 2:48pm
Quoting dakoo
In your experience FTI what is happening on market makers desks during such periods of stagnation? are players building positions, liquidating or just waiting and seeing? and what kind of activity brings price back into motion?

Thanks.
Mostly nothing.
when the 13060 displayed resilence, all just goes to scalping the small pips for a living. the event is over until next bulidup.

Now all sorting out who takes the losses and whohas resources to extend and link another battle.

Next battle is probably in tokyo, If the players show.

regards
  • #17,708
  • Jul 29, 2010 2:51pm Jul 29, 2010 2:51pm
Quoting fti
OMG , 90% of cap.
if cap then stop
no way back
the line is 50% of cap and finished.
If 90% of cap then you need postpone your trading until you can fund a new book.
Thats why i am in a stress. Still have to look at my damaged troops... OK, i will go with small and earn some extra money to fund it. I was nearly at zero before 1/2 year, but after breakup wit my gf, i didnt do well...
No matter.. i look ahead to build the new bearable account.
  • #17,709
  • Jul 29, 2010 2:52pm Jul 29, 2010 2:52pm
Quoting fti
Mostly nothing.
when the 13060 displayed resilence, all just goes to scalping the small pips for a living. the event is over until next bulidup.

Now all sorting out who takes the losses and whohas resources to extend and link another battle.

regards
hmm. I see. What was the largest possible size of trade your dealing desk could make on a daylight basis?
I'm very curious as to how those guys operate, and you're the only who has any idea what they do. Cheers.
  • #17,710
  • Jul 29, 2010 2:53pm Jul 29, 2010 2:53pm
Quoting dakoo
hmm. I see. What was the largest possible size of trade your dealing desk could make on a daylight basis?
Personal daylight was $200.
Room lines up to 5 b.
Why?
  • #17,711
  • Jul 29, 2010 2:57pm Jul 29, 2010 2:57pm
Quoting fti
Personal daylight was $200.
With CB ops up to 5 b.
Why?

Just curious. So it seems that for the most part the MMs were into earning the spread on many 10M tickets rather than large directional bets... It figures. 5B is insane by the way. but of course, what do central banks care about tax payer money they're flushing into slippage infested trades.
  • #17,712
  • Jul 29, 2010 2:59pm Jul 29, 2010 2:59pm
Quoting dakoo
Just curious. So it seems that for the most part the MMs were into earning the spread on many 10M tickets rather than large directional bets... It figures. 5B is insane by the way. but of course, what do central banks care about tax payer money they're flushing into slippage infested trades.
Check this post...


http://www.forexfactory.com/showpost...ostcount=17523

V
  • #17,713
  • Jul 29, 2010 3:01pm Jul 29, 2010 3:01pm
Thanks for sticking around FTI and sharing your gifts with us. You don't know how much your presence means to us....
  • #17,714
  • Jul 29, 2010 3:02pm Jul 29, 2010 3:02pm
Quoting dakoo
Just curious. So it seems that for the most part the MMs were into earning the spread on many 10M tickets rather than large directional bets... It figures. 5B is insane by the way. but of course, what do central banks care about tax payer money they're flushing into slippage infested trades.
there are many desks at treasury.
Spot & Money is frontline.
then there is strategic arbitrage desks, synthetic desks, customer desks, Technical Analyst desk, The econ desks and other specialist groups.
All have different MOs and functions.

regards
  • #17,715
  • Jul 29, 2010 3:06pm Jul 29, 2010 3:06pm
Quoting dakoo
Just curious. So it seems that for the most part the MMs were into earning the spread on many 10M tickets rather than large directional bets... It figures. 5B is insane by the way. but of course, what do central banks care about tax payer money they're flushing into slippage infested trades.
oh , the CBs they care. You are trading sovereign nation's trading & relationships mechanism.
Different heads have different perspectives on their job. So different styles and philosophy only. Of cousre personalities and flare.

regards
  • #17,716
  • Jul 29, 2010 3:09pm Jul 29, 2010 3:09pm
all the balls of steel , had better lock in some pips now.
Another battle , another day
  • #17,717
  • Jul 29, 2010 3:10pm Jul 29, 2010 3:10pm
Quoting fti
oh , the CBs they care. You are trading sovereign nation's trading & relationships mechanism.
Different heads have different perspectives on their job. So different styles and philosophy only. Of cousre personalities and flare.

regards

FTI do you think US debt will also need to go equal to Japan's GDP debt ratio of 250% before it starts crumbling? Or sooner? I'm surprised Japan is considered creditworthy... Their credit default swaps are still not as expensive as i thought.
  • #17,718
  • Edited 4:17pm Jul 29, 2010 3:38pm | Edited 4:17pm
Quoting dakoo
FTI do you think US debt will also need to go equal to Japan's GDP debt ratio of 250% before it starts crumbling? Or sooner? I'm surprised Japan is considered creditworthy... Their credit default swaps are still not as expensive as i thought.
I don't really think the US economy will crumble. But because of US dilution policies and extended over spending, she is leaning heavily on the goodwill of a country that just recent times had come out of her closed door policies. Prolong reliance on this will put the US in very weak position , as many countries economies are sub sets of the us prosperity, there will be ripple effects.

Japan is another story. She has barely cleared herself from the impact of the last estates bubble. So would fare much better without the fiascos from the us bubble woos.

I speculate that the situation will eventually balance out over the long run. But if the us does not do enough to right some stuctural and policies, will come out of this weak. This is not to the free world's advantage as she is the backbone economy thus far.

In so far as the debt to GDP ratios, the figs can be massaged and not being an economist, I pay little heed to the real impact this may have on the system. In fact we had already seen a rescue from meltdown, we know what the short impact is like, but long term much will change as the world soughts a remedy.

regards

PS: of course Japan is still credit worthy. Even a bankrupt can still be credit worthy, if he/she had a guarantor to facilitate credit. And Japan is far from that. In fact her productivity is, i believe, the highest in the world. Any one would support with credit help to such charisma.
  • #17,719
  • Jul 29, 2010 4:16pm Jul 29, 2010 4:16pm
next time not giving a "spark" to the euro(probably likes the Spanish guitar), looks even more troubled now ............
  • #17,720
  • Edited 4:34pm Jul 29, 2010 4:21pm | Edited 4:34pm
Quoting Gro
next time not giving a "spark" to the euro(probably likes the Spanish guitar), looks even more troubled now ............
yeap, the dangers of adventurous top picking.
euro is distributing firmly now, and the big wave had been defrayed again.
So we need re-access the situation and need eyeball more clues of her possibilities.
one thing we now know is there seems a big Rock at 13060.
Gotta send some probes there to figure out if its truely rock solid.
Back to the drawing board.



regards

Tokyo will be in soon, we will try find out.
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