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Technical Analysis Fallacy

  • #20,101
  • Nov 4, 2010 4:11am Nov 4, 2010 4:11am
Quoting MaMood
Hi Stan,

everything is fine on my side.
Maybe I used the words the wrong way: Just wanted to say, that I want to earn some money this morning, before I'm able to offer a live session again. "Trading for a living" ....

Thx for taking care ;-)

Niels
That's great Will you be doing a live session today? As you know I don't trade exactly TAF style however I'd love to take part in some market talk

@dongsky - good to hear you got back what you lost in last night's chaos. I have rarely seen markets that unstable...

I had Bloomberg on at the time of the announcement - they showed live footage from the CME - all pits were quiet with all traders looking up at the screens waiting for the news...

Another interesting consequence of QE2: http://www.reuters.com/article/idUSTRE6A30PY20101104

Best
S
  • #20,102
  • Nov 4, 2010 4:20am Nov 4, 2010 4:20am
Hi again,

here we are:
http://www.netviewer.com/en/joinsession/

Session number: 604581705

Let'S have some fun ;-)
  • #20,103
  • Nov 4, 2010 7:52am Nov 4, 2010 7:52am
Hey welcome back fti!
Great to see you again :-)
  • #20,104
  • Nov 4, 2010 7:55am Nov 4, 2010 7:55am
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html

A quick word on my thoughts.
in 1992 a trader by name of Nic Leeson. He tried to balloon Nikkei 225 prices by manupulative buying after japan's tokyo osaka earthquakes, using blue blood bank monies. This ballon prices of nihon stocks to levels beyond fair prices and NAVs of companies. The resultant massive selling from stock holders brought the blue blood bank to its knees. In essence, if that activity continued, the Queen of E would probably had owned most of Japans industries. We know from hindsight now on the futility of that exercise. Manipulation on massive scales can create market riots.

http://en.wikipedia.org/wiki/Nick_Leeson

Now I hear the prof wanting to do this again on massive scale, using American peoples resources. Its would be interesting if i may get chance to visit him in "sing sing" or the new resort (whatever the name), in my lifetime, to explain to him his folly.

regards

PS: Please pray for my family's peace & safety as we navigate thru our storm.
God Bless.
  • #20,105
  • Nov 4, 2010 8:02am Nov 4, 2010 8:02am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.
[...]

PS: Please pray for my family's peace & safety as we navigate thru our storm.
God Bless.

Dear fti,

I'm very sad to hear about the problems of your family.
I wish you all the best and I guess all of your TAF friends are praying for your family.

Hope you are able to give them the help they need!

Wish you all the best!

Kind regards,
Niels
  • #20,106
  • Nov 4, 2010 8:05am Nov 4, 2010 8:05am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html...
So excited to see your post but so very sad at this news. I am praying for you and your family. God bless you, fti. I am thinking about you.

PS: Re: Big Ben, I think he believes he is above all the laws of economics and nature. I expect him to announce that gravity has been suspended soon. LOL.

Edit: OK people, make this a world-wide prayer effort. Let's make some noise in heaven!
  • #20,107
  • Nov 4, 2010 8:05am Nov 4, 2010 8:05am
Will be praying for you and your family too, FTI!

@MaMood

Are you based in Singapore? I'm still at thread 140+. Can I ask if I should continue to read all the way??
  • #20,108
  • Nov 4, 2010 8:12am Nov 4, 2010 8:12am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html

A...
Hi FTI

Thank God you are alive and well!
Cordial greetings and Blessings to you and your family.
... "storm not the duration of eternity"
  • #20,109
  • Nov 4, 2010 8:25am Nov 4, 2010 8:25am
Quoting fti
PS: Please pray for my family's peace & safety as we navigate thru our storm.
God Bless.
Hi fti, good to hear from you. I'm not sure who's not well but I hope for a speedy recovery. All the best to you and family.
  • #20,110
  • Nov 4, 2010 8:32am Nov 4, 2010 8:32am
Hi Friends,

beside the very sad info from fti about his family, Mr Trichet is on the wires right now. you may like to listen to him here:

http://www.thomson-webcast.net/de/vi...ac9f1fac891d9b

Stay nimble!
  • #20,111
  • Nov 4, 2010 8:53am Nov 4, 2010 8:53am
Trichet is still supporting the view, that a strong USD is in the interest of the US. And he has no doubts, relating the recent QE measures by the FED, that a strong USD is still in their interest and that the US supporting the strong USD serioulsy ...
  • #20,112
  • Nov 4, 2010 9:00am Nov 4, 2010 9:00am
FTI,
Prayers and positive thoughts being sent.
  • #20,113
  • Nov 4, 2010 9:01am Nov 4, 2010 9:01am
Cable fighting with 1.63 level.
It generate some reasonable momentum, when we break it finally (daily candle). So keep an eye on it ...
  • #20,114
  • Nov 4, 2010 9:06am Nov 4, 2010 9:06am
Quoting fti
PS: Please pray for my family's peace & safety as we navigate thru our storm.
God Bless.

Dear Sir

I will spread loving kindness to you & your family. May they be healthy & strong.


Take Care
Philip
"Thinking Heart & Feeling Brain"
  • #20,115
  • Nov 4, 2010 9:35am Nov 4, 2010 9:35am
Mr Trichet has finnished his press conference.
I was not able to detect anything that was pointing out the direction for the market right now. Basically there has not been much change in ECB's analysis of recent economic risks and gains in growth ....

Let's see what the ladies are making out of it ...

edit: Still interesting to watch PA on cable. Have to be patient but have my troops already prepared to attack a break abve 1.63 ....
  • #20,116
  • Nov 4, 2010 9:42am Nov 4, 2010 9:42am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html

A quick word on my thoughts.
in 1992 a trader by name of Nic Leeson. He tried to balloon Nikkei...
Hi FTI,

Best wishes to you and your family. I hope that the storm will pass.

Regards,
  • #20,117
  • Nov 4, 2010 9:51am Nov 4, 2010 9:51am
One intersting info given by Trichet:
There is actually some a meeting with member of ECB and EU with the Irish government. Not exactly sure, but there might be be an announcement about recent Irish Budget in about 90 minutes.

That can have influences on the EUR of course, because the makret may see it as restart of EU-Zone problems again ....
  • #20,118
  • Nov 4, 2010 9:51am Nov 4, 2010 9:51am
Best wishes, fti, may you and your family find yourself out of harm's way. My thoughts are with you.

Rgrds
S
  • #20,119
  • Nov 4, 2010 9:54am Nov 4, 2010 9:54am
Quoting MaMood
Cable fighting with 1.63 level.
It generate some reasonable momentum, when we break it finally (daily candle). So keep an eye on it ...
Traded the upward move today, booked the profit already. Too OB for my taste now.
Now sailing south with usdcad and gbpaud.
  • #20,120
  • Nov 4, 2010 10:00am Nov 4, 2010 10:00am
Quoting Setebos
Traded the upward move today, booked the profit already. Too OB for my taste now.
Now sailing south with usdcad and gbpaud.

Cool mate!

Have my EU and Cable scout still in.
Thanx for that OB remark for Cable - have such type of "market sentiment" not on my radar yet. Will think about it ...
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