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Technical Analysis Fallacy

  • #19,081
  • Sep 19, 2010 1:54pm Sep 19, 2010 1:54pm
Quoting MaMood
No Sir, of course not.
My trading is based only on what my Lady wants to show me.
She is my leading one and only "indicator".

Just scanning the news and market summaries ...
Here another piece of my news cake ...

[indent][...]
[i]Investors also slashed their bets against the euro by 60% in the week ended Sept. 4. Net speculative bets against the euro were at 9,644 contracts with a value of $1.56 billion, compared with the previous week's data that showed 23,700 net short contracts with a value of $3.9 billion, according to a...
interesting.
What does it say?
many cut losses on selling undervalued euro?
Lets see if they downgrade PIIGS anymore.
  • #19,082
  • Sep 19, 2010 2:04pm Sep 19, 2010 2:04pm
opens

e 13051/61
c 15627/37
uj 85.70/80
  • #19,083
  • Sep 19, 2010 2:12pm Sep 19, 2010 2:12pm
Quoting fti
opens

e 13051/61
c 15627/37
uj 85.70/80
USDJPY 8565/75 going down on my feed
  • #19,084
  • Sep 19, 2010 2:24pm Sep 19, 2010 2:24pm
here is my favourite song the best when trying to fall asleep

Inserted Video
  • #19,085
  • Sep 19, 2010 2:48pm Sep 19, 2010 2:48pm
Quoting katrooo
here is my favourite song the best when trying to fall asleep

http://www.youtube.com/watch?v=V1bFr2SWP1I
nice & serene
  • #19,086
  • Edited 3:19pm Sep 19, 2010 2:50pm | Edited 3:19pm
Quoting fti
And all japanese export businesses , a little hard for me to swallow, but all things are possibile but not probable. Then again what do i know.
US exports have been suffering too, except to Japan.

I still got a couple hours before my broker opens.

PS - MG Forex closed down its forex business. I am a bit nostalgic today, since it was my first broker. Had my first account wiped there, lol. 8 years ago.
  • #19,087
  • Sep 19, 2010 3:02pm Sep 19, 2010 3:02pm
Quoting piccolo
US exports have been suffering too, except to Japan.

I still got a couple hours before my broker opens.

PS - MG Forex closed down its forex business. I am a bit nostalgic today, since it was my first broker. Had my first account wiped there, lol.
I see, sorry
seems see much good reviews on this broker.
Wonder what happened.
from 1 commentary seems GFT is linked?
  • #19,088
  • Sep 19, 2010 3:22pm Sep 19, 2010 3:22pm
Quoting fti
I see, sorry
seems see much good reviews on this broker.
Wonder what happened.
from 1 commentary seems GFT is linked?
Don't know about GFT but they offered to tranfer my funds to GAIN Capital (forex.com) or withdraw. Still had some money in it.

GAIN Capital on the other hand is a bad apple..
  • #19,089
  • Sep 19, 2010 3:25pm Sep 19, 2010 3:25pm
Quoting piccolo
Don't know about GFT but they offered to tranfer my funds to GAIN Capital (forex.com) or withdraw. Still had some money in it.

GAIN Capital on the other hand is a bad apple..
well, give them credit for giving you your monies back.
at least they honourable.
Unlike what Refco did to their customers
Probably didn't manage get critical mass for business.
The cost of doing business in forex is not cheap.
  • #19,090
  • Sep 19, 2010 3:30pm Sep 19, 2010 3:30pm
Quoting fti
well, give them credit for giving you your monies back.
at least they honourable.
Unlike what Refco did to their customers
Probably didn't manage get critical mass for business.
I had nothing but good experience with MG Forex, always professional. Only reason I switched away from them was that I needed MetaTrader and gazillion indicators.

Now, gazillion indicators later, I can trade on any platform with a moving average and candlesticks, lol.
  • #19,091
  • Sep 19, 2010 3:34pm Sep 19, 2010 3:34pm
Quoting piccolo
I had nothing but good experience with MG Forex, always professional. Only reason I switched away from them was that I needed MetaTrader and gazillion indicators.

Now, gazillion indicators later, I can trade on any platform with a moving average and candlesticks, lol.
becareful over reliance on MA, when you can try do without the training wheels. The fact is if you can ride free, you should be way ahead of the MA curve. if you can feel the tempo and turn way ahead of that curve , just drop the indictaors into background. For those who can already dance the form, the lag is a hindarence. For biginners, it can help to tame their over zealouness in market bias mostly. Sort of acts like a stop gap to protect against oneself.




regards
  • #19,092
  • Sep 19, 2010 3:49pm Sep 19, 2010 3:49pm
e 13065/70
c 15640/45
uj 85.72/77
  • #19,093
  • Sep 19, 2010 3:54pm Sep 19, 2010 3:54pm
13065/67
15653/58
85.75/78
  • #19,094
  • Sep 19, 2010 4:01pm Sep 19, 2010 4:01pm
Quoting fti
if you can feel the tempo and turn way ahead of that curve , just drop the indictaors into background. For those who can already dance the form, the lag is a hindarence. For biginners, it can help to tame their over zealouness in market bias mostly. Sort of acts like a stop gap to protect against oneself.

regards


Very valuable statement! Pay attention! Closest thing to a freebie yet.
  • #19,095
  • Sep 19, 2010 4:09pm Sep 19, 2010 4:09pm
Quoting SerpentDove


Very valuable statement! Pay attention! Closest thing to a freebie yet.
i said this so many times on the thread already, i feel like a broken record.

regards
  • #19,096
  • Sep 19, 2010 4:12pm Sep 19, 2010 4:12pm
Quoting textor
Aha.

I read with interest your opinion, please,
what are your arguments to say what you claim?


Rgs,

Textor
I think fti answered your question. My question is, why would anyone start a business or operate a bank for people to simply store their money? If this bill becomes law, it will cost you money to deposit money in a British bank, rather than receive interest on your deposit. Here in the US, we call that a safety deposit box. No more mortgages, car loans, credit cards, etc. Draw your own conclusions about the two who proposed this law. Wow!
  • #19,097
  • Sep 19, 2010 4:13pm Sep 19, 2010 4:13pm
Quoting fti
i said this so many times on the thread already, i feel like a broken record.

regards
LOL -- Yes, but it's our favorite part of the record my friend!
  • #19,098
  • Sep 19, 2010 4:14pm Sep 19, 2010 4:14pm
Quoting fti
i said this so many times on the thread already, i feel like a broken record.

regards
I am sure, but taking into consideration the many that will undoubtedly see it for the first time... I felt compelled to draw attention to it. Maybe if they are smart they will begin at the beginning......
  • #19,099
  • Sep 19, 2010 4:16pm Sep 19, 2010 4:16pm
Quoting GEfx
LOL -- Yes, but it's our favorite part of the record my friend!
one day every one will be sick and tired of the broken record.
  • #19,100
  • Sep 19, 2010 4:20pm Sep 19, 2010 4:20pm
Quoting fti
The key is focus and an observing mind. And you cannot serve 2 masters. Either you observing or you are doing everything else but that.
Again i highlight to you.
“Believe not each accusing tongue, As most weak persons do, But still believe that story wrong, Which ought not to be true...’ KC liu 1955
for the rigid.
Hell freezes over, huh?
my analytical drawing board, my hobby ... my circle, my sinusoid, my right angles ... that's end ....... but it always came OK ... as feedback

"slapping" the market
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