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Technical Analysis Fallacy

  • #18,401
  • Aug 24, 2010 8:04pm Aug 24, 2010 8:04pm
Technically Yen has always been trending down, i.e. strengthening. from 400 down to 200 then 120 for a while now we're hovering at the 90s.

it does appear that Yen has been consistently used as the 'crash' currency over the decades. hahas.
  • #18,402
  • Aug 25, 2010 12:20am Aug 25, 2010 12:20am
http://www.reuters.com/article/idUSTRE67N2LM20100825
  • #18,403
  • Aug 25, 2010 1:01am Aug 25, 2010 1:01am
c 13/15
up skews mine

e 35/37 mine
all flipped long
  • #18,404
  • Aug 25, 2010 1:07am Aug 25, 2010 1:07am
Quoting indianguyinny24
http://www.reuters.com/article/idUSTRE67N2LM20100825
The Boj has sounded her stance.
It is dangerous to mess with her.
But as always the market can try.
but be prepared to bear consequences if it happens.
I believe she has reserves and resources , if she insist to defend.

regards
  • #18,405
  • Aug 25, 2010 1:22am Aug 25, 2010 1:22am
Quoting mijamoto
Fti wats going on with usdjpy. I hate always this battle speculators against central bank, as now yen is growing but BOY is doing nothing, and as far I know stronger yen is bad fundemantly for Japan. Can u explain me little bit more this battles, as this year also SNB sucked as it couldnt defend franc to not break 1.50, as it was in their interest to have lower franc. all the best enjoy ur battlestations
The situation is that USD seems to be losing her "store of value" credibility, due to a string of bad figs. This is reflection that the us macro policies and monetary stance may be in errs.
And investors are looking for alternatives.
All this is making the yen very strong, and making japan lose her competitive edge. So the roller coaster, as well as the fighting in the markets. The BOJ, she will repond to market at the appropriate time and when she wants to.
CBs monitors the situations and will respond appropriately when they find reasons to do so.
It is not our role as traders to direct or expect what or when they will.
Whether they suck or not is not our problem. Our book's health and our responds to changing ground conditions that we have exposures in is.
So i strongly suggest you tame that ego scorpion and deal with market behaviour than build opinions of whats being done in markets. THat, is the task at hand for us. Speculating , what authorities actions are required and when it should occur is not ours. But if and when it happens you should respond appropriately.

regards
  • #18,406
  • Aug 25, 2010 1:37am Aug 25, 2010 1:37am
Quoting fti
The Boj has sounded her stance.
It is dangerous to mess with her.
But as always the market can try.
but be prepared to bear consequences if it happens.
I believe she has reserves and resources , if she insist to defend.

regards
never Mess with CB...

good to be Nimble...

V
  • #18,407
  • Aug 25, 2010 2:07am Aug 25, 2010 2:07am
squared
lost interest
finished for the day
  • #18,408
  • Aug 25, 2010 2:17am Aug 25, 2010 2:17am
Quoting fti
squared
lost interest
finished for the day
?
  • #18,409
  • Aug 25, 2010 2:33am Aug 25, 2010 2:33am
Quoting fti
e 36/38 yours
c 04/06 yours

Hi Fti ,

read the first 100 pages of the thread, great info! (also the stuff about life in general)

Can you (or anyone else) please refer me to the pages where you explain what c or e mean? or maybe a quick explanation for me and for new people to the thread who just dont have the time to read through 1000+ pages??

Your help is appreciated , thank you.
  • #18,410
  • Edited 3:50am Aug 25, 2010 2:50am | Edited 3:50am
Quoting PIP Lover
Hi Fti ,

read the first 100 pages of the thread, great info! (also the stuff about life in general)

Can you (or anyone else) please refer me to the pages where you explain what c or e mean? or maybe a quick explanation for me and for new people to the thread who just dont have the time to read through 1000+ pages??

Your help is appreciated , thank you.
"c" - cable GBP
"e" - euro EUR

Welcome PIP Lover

Read thread will have an appetite, when you have a worry and problems in the market.It is a natural development.

Rgs
  • #18,411
  • Aug 25, 2010 4:52am Aug 25, 2010 4:52am
United States of Europe? interesting.

http://www.forexfactory.com/news.php?do=news&id=252468
  • #18,412
  • Aug 25, 2010 4:58am Aug 25, 2010 4:58am
Quoting PIP Lover
Hi Fti ,

read the first 100 pages of the thread, great info! (also the stuff about life in general)

Can you (or anyone else) please refer me to the pages where you explain what c or e mean? or maybe a quick explanation for me and for new people to the thread who just dont have the time to read through 1000+ pages??

Your help is appreciated , thank you.
e= euro/usd
c=cable=GBP/usd

no time?
errr.........that one, I have no means to help.
Is between you and God.

regards

PS and those ask for summary is invited to have breakfast lunch and dinner at 8:30 tonight. We will be serving your food for the whole year in 1 sitting.
  • #18,413
  • Aug 25, 2010 5:03am Aug 25, 2010 5:03am
Quoting PIP Lover
Hi Fti ,

read the first 100 pages of the thread, great info! (also the stuff about life in general)

Can you (or anyone else) please refer me to the pages where you explain what c or e mean? or maybe a quick explanation for me and for new people to the thread who just dont have the time to read through 1000+ pages??

Your help is appreciated , thank you.
PIP lover

I am like u a newbie practioner of AOW. Have not moved fwd beyond the 1st 200 pages becos every re-read i discovered something new.

Agreed with u on the life lessons... The moral values that Fti is tryin to instil on us junior is priceless.

No matter how smart n rich a person is, if he doesn't know the meaning of filial piety, he's still a big failure in life, the lousiest person on earth

Thank u Chief
"Thinking Heart & Feeling Brain"
  • #18,414
  • Aug 25, 2010 5:08am Aug 25, 2010 5:08am
Quoting fti
...

PS and those ask for summary is invited to have breakfast lunch and dinner at 8:30 tonight. We will be serving your food for the whole year in 1 sitting.


P.S. Seems ping-pong is the name of the game today in London, anyone playing?
  • #18,415
  • Edited 12:14pm Aug 25, 2010 6:19am | Edited 12:14pm
Quoting fti
United States of Europe? interesting.

http://www.forexfactory.com/news.php?do=news&id=252468
they do what they do, nothing to do with it but ...

Evolution
Attached Image (click to enlarge)
Click to Enlarge Name: cycleEU.jpg Size: 30 KB
  • #18,416
  • Aug 25, 2010 7:42am Aug 25, 2010 7:42am
Quoting Gro
they do what they do, nothing to do with it but ...

Evolution
Inserted Video
  • #18,417
  • Aug 25, 2010 10:30am Aug 25, 2010 10:30am
Horns vs Chairs
Attached Image
  • #18,418
  • Aug 25, 2010 6:02pm Aug 25, 2010 6:02pm
Quoting Setebos


P.S. Seems ping-pong is the name of the game today in London, anyone playing?

Yes, dancing with guppy. lovely ping pong games

how about you?
  • #18,419
  • Edited 9:38pm Aug 25, 2010 9:09pm | Edited 9:38pm
is there any news going on ???


V

PS BOJ: http://www.bloomberg.com/news/2010-0...necessary.html
  • #18,420
  • Aug 26, 2010 12:48am Aug 26, 2010 12:48am
Quoting indianguyinny24
is there any news going on ???


V

PS BOJ: http://www.bloomberg.com/news/2010-0...necessary.html
"small piece" - small country, Slovakia, refuses to borrow money for Greece.Germany moderates calm passion Slovakia.Slovakia requests an apology from Brussels.
A week ago, went bankrupt in the U.S. eight smaller banks.The most notable of these is ShoreBank of Chicago (assets at $ 2,160,000,000).Because of this bank was founded a new holding company called Urban Partnership Bank.Behind it stands a few big banks on Wall Street and private foundations. USB from ShoreBank will take over the deposits and most of its assets.
Rgs
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