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Technical Analysis Fallacy

  • #19,521
  • Oct 1, 2010 11:11am Oct 1, 2010 11:11am
USDJPY started to move - so keep focus on the charts.
  • #19,522
  • Oct 1, 2010 11:20am Oct 1, 2010 11:20am
Quoting Gro
Today celebrating the first day, when the car started to use ...
Did I get it right?
You have got a new car?
Congratulations.
Good luck with it!!!
  • #19,523
  • Oct 1, 2010 11:21am Oct 1, 2010 11:21am
Quoting gart
MaMood,
how many monitors do you work?

BTW: DOW thx
It's a 2x3 monitor matrix with 5760 x 2160 pix resulution.
Bouight it this year in june and have still not get used to such a large screen ...
  • #19,524
  • Oct 1, 2010 11:23am Oct 1, 2010 11:23am
Quoting Gro
Today celebrating the first day, when the car started to use ...
Hi Gro
  • #19,525
  • Oct 1, 2010 11:44am Oct 1, 2010 11:44am
Quoting MaMood
It's a 2x3 monitor matrix with 5760 x 2160 pix resulution.
Bouight it this year in june and have still not get used to such a large screen ...
I work on 4 monitors 50x33 (cm) - for now
The needs are greater
  • #19,526
  • Oct 1, 2010 11:49am Oct 1, 2010 11:49am
Quoting MaMood
Did I get it right?
You have got a new car?
Congratulations.
Good luck with it!!!
but no, I have a new car.First day in the history of automobile use.
  • #19,527
  • Oct 1, 2010 11:54am Oct 1, 2010 11:54am
Quoting gart
Hi Gro
Hi Gart

Good fortune for you and all

PS my experience, larger screen = "defocused attention" (large viewing angle) :nerd:
  • #19,528
  • Oct 1, 2010 12:20pm Oct 1, 2010 12:20pm
Quoting Gro
Hi Gart

Good fortune for you and all

PS my experience, larger screen = "defocused attention" (large viewing angle) :nerd:
It depends on your preference.
I for one, two monitors, I would have too little information
Good trade I have nothing to do with the number of monitors.

BTW: Good ride!
  • #19,529
  • Oct 1, 2010 12:28pm Oct 1, 2010 12:28pm
Quoting gart
It depends on your preference.
I for one, two monitors, I would have too little information

BTW: Good ride!
... exactly what I'm talking about ... but second monitor for forexfactory is good
How long time you will keep focus? and multiple objects? ... my opinion only
  • #19,530
  • Edited 3:08pm Oct 2, 2010 2:54pm | Edited 3:08pm
Quoting Gro
... exactly what I'm talking about ... but second monitor for forexfactory is good
How long time you will keep focus? and multiple objects? ... my opinion only
PS Why do we miss trades? We're looking at something else.
Why were we looking at something else? Because we are looking at too much.
Why are we looking at too much? Because we don't want to miss a trade!
The neverending circle ...
  • #19,531
  • Oct 3, 2010 5:54am Oct 3, 2010 5:54am
I follow 2 threads closely because they have similar approaches pipeasy and fti.
Unfortunately both have not posted for some time now.
On both threads the theory has been fully explained and both now consist of people discussing there execution of the method.
Two great men if anyone knows how fti is could you let us know please.
making green pips large and red pips small this is my goal.
  • #19,532
  • Oct 3, 2010 2:35pm Oct 3, 2010 2:35pm
Just for info:

SYDNEY, Oct 03 (IFR) - Saturday's Kyodo News reported that according to sources familiar with the matter - the Bank of Japan was likely going to decide on an additional monetary easing step at its policy meeting on Monday/Tuesday. According to the report - the BOJ is apparently considering expanding its low-interest-rate funding program further to guide market rates lower. The article went on to say the BOJ is scheduled to hold a meeting as early as Oct. 28 to compile its biannual Outlook for Economic Activity and Prices report and may seek to further expand its monetary easing steps if necessary, they said. The BOJ failed to get the desired market reaction on August 30 when it launched a new 10 TLN JPY six-month operation that was an addition to a 20 TLN JPY 3-month operation. According to the Kyodo report - the BOJ is expected to discuss whether to increase the three- or six-month lending program by 10 TLN JPY, the sources said, adding it may discuss whether to launch a one-year funding operation. An option of boosting purchases of treasury bills to provide ample funds to the market is also emerging, the sources revealed to Kyodo News. According to many analysts - anything short of the BOJ expanding their balance sheet is likely going to be ineffective in containing JPY strength. There is talk of USD/JPY stops building below 82.85 that are likely going to be targeted unless there is another round of intervention coupled with the threat of the BOJ increasing QE efforts. [email protected] Copyright 2010 Thomson Reuters - IFRMarkets

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #19,533
  • Oct 3, 2010 2:41pm Oct 3, 2010 2:41pm
Quoting paul1
I follow 2 threads closely because they have similar approaches pipeasy and fti.
Unfortunately both have not posted for some time now.
On both threads the theory has been fully explained and both now consist of people discussing there execution of the method.
Two great men if anyone knows how fti is could you let us know please.
Hi Paul,

please check my posting here:
http://www.forexfactory.com/showpost...ostcount=19399


BTW: I'm not so sure if there are so much similarities (aside from the great experience both have) in their way of trading. But I have to confess, that I have read pipeasy's thread skin deep only.

CU,
MaMood
  • #19,534
  • Oct 3, 2010 2:48pm Oct 3, 2010 2:48pm
Just for info:

SYDNEY, Oct 03 (IFR) - [Review] The EUR was the best performing currency last week - gaining 2.2% against the USD 1.0% against the JPY and 2.25% against the GBP. The EUR was supported by heavy Asian central bank buying that resulted from diversification of fresh USD reserves accumulated in very large intervention efforts by emerging Asian central banks. The EUR also benefitted from some tightening of spreads between peripheral European sovereign bonds and German bunds from record wides. Sentiment towards the EUR/USD remained bullish all week and IMM data showed net EUR/USD spec longs blowing out to 35.3 K contracts from 5.1 K contracts. [Preview] The EUR/USD might pop higher on Monday morning after China Premier Wen said this weekend that China has and will continue to buy Greek debt. Premier also unveiled a five point proposal on boosting economic ties with Greece. The major focus for the rest of the week will be whether or not the Fed will announce a resumption of QE at their Nov 2-3 FOMC meeting. There is a number of key US data snaps this week that may heavily influence market expectations on whether or not the Fed is ready to bring ion QE II. The ECB meets this week and nothing is expected to arise from the meeti8ng - but Trichet's press conference could be interesting.

[...]
[email protected] Copyright 2010 Thomson Reuters - IFRMarkets

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #19,535
  • Oct 3, 2010 3:13pm Oct 3, 2010 3:13pm
Just for info:


NEW YORK (Dow Jones)--Oil is regaining its status as a haven from a turbulent foreign exchange market as the world's central banks compete to devalue their currencies.

Crude futures have shot back above $80 a barrel for the first time since early August, as traders are anticipating the potential impact of a second stimulus by the U.S. Federal Reserve. The Fed's last attempt to speed up the economic recovery, by purchasing over $1 trillion in Treasury bonds and mortgage-backed securities starting in early 2009, undercut the dollar's value. Another round is widely seen kicking off a global fight among central banks to protect their economies by keeping currency values low.
[...]
The declining dollar makes commodities priced using the greenback cheaper to buy using other currencies, and investors have reacted by jumping into the oil market. Crude futures rose 6.7% this week, poking through the top of a trading range that has confined crude for months.

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #19,536
  • Oct 4, 2010 1:37am Oct 4, 2010 1:37am
Good Morning Friends,

hope you have had a pleasant weekend and a good tart into the new week already.

The ongoing week will be relatively tough for me: Trying to trade for my living (as usual) but have registered for a trading contest too. Trying to win a first class trip to the last F1 race in Abu Dabi this year. Including all the neat first class service in hotel, flicght, Racing track ...
Will be tough because it requires a completely different midset to have a chance aginst "reckless gambler". So there is a good chance that I get killed in the first few days ....
The contest hast started this night 00:00 CET and the leading "gambler" has made already $286K out of his $100k starting cap.....

CU,
MaMood
  • #19,537
  • Oct 4, 2010 1:49am Oct 4, 2010 1:49am
Just for info.
Some hints about recent market sentiment:

Regional markets mostly higher;
Nikkei down 0.3%,
S&P/ASX 200 +1.0%,
Kospi +0.1%,
HSI +1.4%,
STI +1.1%,
KLCI +0.4%,
SET +0.2%,
NZX-50 +0.5%,
Taiex flat, PSEi +1.9%,
Sensex +0.6%.
Markets in China closed for holiday.
  • #19,538
  • Oct 4, 2010 1:50am Oct 4, 2010 1:50am
Quoting MaMood
Will be tough because it requires a completely different midset to have a chance aginst "reckless gambler". So there is a good chance that I get killed in the first few days ....
The contest hast started this night 00:00 CET and the leading "gambler" has made already $286K out of his $100k starting cap.....

CU,
MaMood
Hello old Friends ...

Thanks MaMood... So nice to see morning coffee from old days...I wish you well in this contest....am so concerned these contests target the inexperienced....like moths to a flame it saddens me
  • #19,539
  • Oct 4, 2010 2:00am Oct 4, 2010 2:00am
Quoting joypips
Hello old Friends ...

Thanks MaMood... So nice to see morning coffee from old days...I wish you well in this contest....am so concerned these contests target the inexperienced....like moths to a flame it saddens me

Hi Joy,

great to see you too!
You are the grain of luck, that was missing to get a good start into this week ...

  • #19,540
  • Oct 4, 2010 6:18am Oct 4, 2010 6:18am
Quoting MaMood
Good Morning Friends,

hope you have had a pleasant weekend and a good tart into the new week already.

The ongoing week will be relatively tough for me: Trying to trade for my living (as usual) but have registered for a trading contest too. Trying to win a first class trip to the last F1 race in Abu Dabi this year. Including all the neat first class service in hotel, flicght, Racing track ...
Will be tough because it requires a completely different midset to have a chance aginst "reckless gambler". So there is a good chance that I get killed...
Hi,
back from lunch again.

Just a short update of the contest.
The leading has made now $375K out off $100K.
And I have made -6% so far.
Seems that I'm one of his hardest competitor.
I'm chasing him hard
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