Technical Analysis Fallacy

Hi Friends,

US Unemployment claims are ahead in 5 minutes.
Stay nimble!
;-)

Cool - that has been easy money.
Jumped in for a very short timed long on USDJPY.

Hope you have been lucky too!

Just for info:

On trading, USD offers are layered between 83.80 and 84.10. Not surprisingly sovereign names are said to be buying JPY on any weakness. Stops are at 84.20. Corporate bids are between 83.30/00 with barriers placed in between. option market is mostly selling gamma. On crosses, GBP/JPY remains heavy while AUD/JPY turns bid. A semi-official name is said to be on top of Aussie but, after solid employment data overnight, 0.9250/60 should hold.

Disclaimer: Be aware of possible Cow Dung included ;-)

Hello from me as well, I've been dancing north with EU all day and, oh my, did that US data give me a blotter boost
EU is breaking the 100 pip range, this is gonna get very interesting if price holds.

Looks like I manage my trades much better when I don't try to post here at the same time, LOL.

Rgrds
S

Not a problem at all.
What ever fits to your needs.

Hi again,

one member of the TAF family pointed me to a a little book, called "Zen in the Art of Archery" (not sure if I should disclose his name here. If he want's to, he can do it by himself).
Have just started to read it, but it seems to be very interesting in the context of fti's teaching. Especially how to learn to dance.
Here is a little excerpt:

[...]

The more he tries to make the brilliance of his swordplay
dependent on his own reflection, on the conscious utilization of his skill, on his fighting experience and tactics, the more he
inhibits the free " working of the heart ". What is to be done?
How does skill become " spiritual ", and how does sovereign
control of technique turn into master swordplay? Only, so we
are informed, by the pupil becoming purposeless and egoless.
He must be taught to be detached not only from his opponent

and leave it behind him for good, even at the risk of irretrievablefailure. but from himself. He must pass through the stage he is still at
[..]

The instructor’s business is not to show the way itsel f, but to
enable the pupil to get the feel of this way to the goal by

adapting it to his individual peculiarities.

He will therefore beginby training him to avoid thrusts instinctively, even when they take him completely by surprise.

[...]

Perfection in the art of swordsmanship is reached, according
to Takuan, " when the heart is troubled by no more thought of I and You, of the opponent and his sword, of one’s own sword and emptiness: your own self, the flashing sword, and the arms that wield it. Even the thought of emptiness is no longer there." how to wield it˙no more thought even of life and death. All is
From this absolute emptiness, states Takuan, " comes the

most wondrous unfoldment of doing ".
[...]

CU,
MaMood

Hi MaMood

... nice movie is "The last samurai"

Hi,

just a short question:
Has anyone read the following book?

http://www.amazon.de/Introduction-Hi...39&sr=8-2#noop

Any opinions???

Thx!

CU,
MaMood

Anyone Enjoying UJ today?>??/


V

Repent, The end is near.

the end of free markets is at hand.
All natural players are being taken out.
Within 5 years all players will be out of the machanism in us.
Soon all prices will be pegged by authorised players only.
End of Free Markets, communism wins the day.

The Dodd-Frank bill is the begining?
More lines shut downs already taking place.
Goldman Sachs to Shut Principal Strategies Unit.

“This is the first of many situations,” Matt McCormick, a banking-industry analyst and portfolio manager at Cincinnati- based Bahl & Gaynor Inc., said today on Bloomberg Television. “We’re going to see other entities unwind their proprietary trading.”

http://www.bloomberg.com/news/2010-0...cker-rule.html

The liquidity in forex markets seem dried up.
OK, back to retirement.

regards

Geithner rules china monetary policies??

Geithner Says China Needs to Let Market Drive Up Yuan.
http://www.bloomberg.com/news/2010-0...an-higher.html

U.S. Treasury Secretary Timothy F. Geithner said China must ......MUST????? bunch bananas?

ok if yuan doesn't repeg up , does that mean the usd should be big down?
For USd, he is supposed to be in office. For yuan, maybe he should let the chinese decide?
maybe he is deciding running for office there. Maybe?


"Geithner’s assessment of China’s currency stance comes as Japan considers whether to take action to weaken the yen. The currency rose to a 15-year high against the dollar yesterday, prompting Japanese Finance minister Yoshihiko Noda yesterday to pledge “bold action if necessary.” Noda said Japan would use “every option available,” which could include intervention. "

ok this one i understand. OK BOJ i will wait for you, promise.
So is sell usd , sell yen , buy everything else.


regards

You don't need a one world currency when all rates are pegged, CB's/Governments behind it all............ you knew it was going to happen sooner or later... tis much sooner. The seasons are known, just not the time.

"Geithner said he doesn’t have any plans to resign after Republicans including Representative John Boehner of Ohio called for his ouster. Geithner said he’d remain Treasury secretary “as long as the president wants me to do it.”

seems he peg himself to Mr O too.:rofl : interesting, lets see about that. :rofl : pressure arrowed, poor Mr O, now his plate fills up.

well, aux, does two wrongs make one right?
Looks like more new world disorder to me. But what do i know?
but i know the pressure is building and getting to popping soon.
With the liquidity we have now. Lets see how they fire fight it when she pops. Maybe the correct word is poops.

regards

What is this soup mix?????




V

ok goo gle wiki says
A Cock or Rooster, the male of the domestic fowl.
Gallus domesticus.

but need find out is,
# blackcock or Blackgame, Tetrao tetrix
# moorcock. In British Standard English, this most often refers to the male of the species more usually called moorhen (Gallinula chloropus)
# peacock Pavo cristatus or Pavo muticus
# woodcock, (Scolopax rusticula).
#Heather cock, Mountain Cock or Cock of the Woods(capercaillie)
# cock o' the north is a Brambling, or Mountain Finch (Fringilla montifringilla).

or

# Steam cock, a drain valve on a steam engine cylinder
# Bibcock, a small type of valve
# Stopcock, a valve used to restrict or isolate the flow of a liquid or gas through a pipe
# Petcock, a small valve, primarily for draining liquid or releasing pressure from a vessel
# Ballcock, a mechanism for filling water tanks.

regards

ingredience :- one eyed japanees man with overcoat and a helmet, Hey looks like one of my soldiers lol.

Good Morning friends!

Hope you are all doing well.
Let's squeeze some card loads of pips out of the markets...

There are not too much relevant news on the plate.
Maybe 09:30 (GMT) GBP PPI output.

Wish you all the best!

CU,
MaMood

Just for info:

As of 0450 GMT, the dollar was at Y84.07 after hitting a high of Y84.30 in early afternoon trade. Traders said the rise was capped by Japanese exporters repatriating funds at a slightly more favorable rate after the dollar fell to Y83.34 earlier in the week, a 15-year low. The dollar was at Y83.83 in late New York trading Thursday.
[...]
Traders said the dollar was also boosted by hedge-fund buying covering short positions after it failed to break below Y83.50 Thursday. Also supportive were stronger U.S. Treasury yields, which have again widened the yield gap between U.S. and Japanese bonds.
[...]
The euro marked an intraday low of $1.2642 as Asian hedge funds sold, according to a senior dealer at major Japan bank. As of 0450 GMT the euro was at $1.2678 from $1.2703.
[...]
-By Kosaku Narioka, Dow Jones Newswires

Nikkei +1.7%, Kospi +1.0%, Taiex +0.7%, SET +0.5%, NZX-50 +0.3%; but Shanghai Composite flat, HSI flat, S&P/ASX 200 down 0.5%; Singapore, Malaysia, Philippines, India, Indonesia closed for holiday.

Disclaimer: Be aware of possible Cow Dung included ;-)