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Technical Analysis Fallacy

  • #21,921
  • Jan 13, 2011 6:03pm Jan 13, 2011 6:03pm
Tokyo opens soon, and I was reviewing the posts from today. I noticed that Fana was short the E/$ about 3118. Fana, did you flip that trade? Hope you are ok! Trade well everyone!
  • #21,922
  • Jan 13, 2011 7:57pm Jan 13, 2011 7:57pm
Hey guys my life is so f... hehehe. Now I am invited to a national team, but my coach is in very bad relation with slovenian federation. He said they are rude to him and he workouts of national team are not interested. He also said I my life is up to me, so I should decide alone, but I would have to be careful there, as stronger and bigger guys and lil bit more aggresive players. So I got no idea what to to :S I would like to train with national team, to get lil bit experiences and more workouts, but I trust my coach he knows me the best =D
  • #21,923
  • Jan 13, 2011 9:09pm Jan 13, 2011 9:09pm
Brazil’s central bank will offer tomorrow reverse currency swaps, the equivalent to buying dollars in the futures market, as President Dilma Rousseff’s administration steps up efforts to curb a currency rally.

The bank will offer 20,000 contracts worth $1 billion between 9 a.m. and 9:30 a.m. New Yorktime, according to a statement on its website. Results of the auction will be published at 9:45 a.m. The contracts mature between April 2011 and January 2012, the bank said.

Reverse swaps, which Brazil last sold in May 2009, pay investors the overnight interbank rate in reais in exchange for a fixed interest rate in dollars. The central bank said it decided to sell contracts after a study of market demand.

“It will definitely have an impact,” Huang Kuo Seen, who helps manage 5 billion reais ($2.99 billion) in Brazilian assets at Mapfre Investimentos in Sao Paulo, said in phone interview. “The price of the dollar would probably go up at least in the short term.”

The real, which has surged 38 percent against the U.S. dollar in the past two years, gained 0.1 percent today to 1.6726 per U.S. dollar.
The government last week set reserve requirements on short dollar positions by local banks in a bid to reduce investors’ appetite for bets against the dollar. Finance Minister Guido Mantega said this week the government wouldn’t lose money by selling reverse swaps because he was “sure the real won’t strengthen.”

Policy makers in Latin America are trying to stem currency gains as fast economic growth and low interest rates in rich nations attract capital inflows to the region. Mantega said last week that Brazil’s government was ready to take new measures to prevent the dollar from “melting.”
“The futures are a bigger market than the spot,” Dirk Willer, head of Lain American local market strategy at Citigroup Inc., said in a phone interview from New York. Selling reverse swaps “has more scope to be more effective. They are drawing a line in the sand.”

http://www.bloomberg.com/news/2011-0...ncy-gains.html
"Thinking Heart & Feeling Brain"
  • #21,924
  • Jan 13, 2011 10:36pm Jan 13, 2011 10:36pm
Quoting fti

While I try to arrest the monster......
I've given you the most important law in trading.
The WWilder taught me, thingy.
The whole MM is wrapped in those numbers.
Some might see it, most will not.
To work it, there are some prerequsites.
It has value only when you can incorp, it strategically with the artof war MO.
fti, others on the thread, i'm needing help with the MM and the wwilder numbers and how they work together. I know the thread has gone way past this point but I've read it a few times and gave it time but still can not see it. I don't want to disturb the thread so if someone can help through pm i would greatly appriciate it.

Was just going leave it but then it would be my own fault for not asking for help.

Thanks KJ
  • #21,925
  • Jan 13, 2011 11:16pm Jan 13, 2011 11:16pm
Quoting kingjames
fti, others on the thread, i'm needing help with the MM and the wwilder numbers and how they work together. I know the thread has gone way past this point but I've read it a few times and gave it time but still can not see it. I don't want to disturb the thread so if someone can help through pm i would greatly appriciate it.

Was just going leave it but then it would be my own fault for not asking for help.

Thanks KJ

James,

Welcome to thread....please ask a detailed question....someone will answer it....

Relax dont give up........

V
  • #21,926
  • Jan 13, 2011 11:22pm Jan 13, 2011 11:22pm
Quoting kingjames
fti, others on the thread, i'm needing help with the MM and the wwilder numbers and how they work together. I know the thread has gone way past this point but I've read it a few times and gave it time but still can not see it. I don't want to disturb the thread so if someone can help through pm i would greatly appriciate it.

Was just going leave it but then it would be my own fault for not asking for help.

Thanks KJ
easy.
Just read indept about structures, stability and what pi has to do with it.
If you have access, talk to any structural engineer. Otherwise just read about the pyramids.


regards
  • #21,927
  • Jan 13, 2011 11:25pm Jan 13, 2011 11:25pm
Quoting indianguyinny24
James,

Welcome to thread....please ask a detailed question....someone will answer it....

Relax dont give up........

V
Thank you
  • #21,928
  • Edited 11:46pm Jan 13, 2011 11:26pm | Edited 11:46pm
Quoting Sylar
Brazil’s central bank will offer tomorrow reverse currency swaps, the equivalent to buying dollars in the futures market, as President Dilma Rousseff’s administration steps up efforts to curb a currency rally.
[font=Georgia]
[color=#000000][font=Georgia]The bank will offer 20,000 contracts worth $1 billion between 9 a.m. and 9:30 a.m. New Yorktime, according...
just show they have no greys or vested intrest.
Why are they worried about the weakness of the USD?
Are they americans?

Oh I see they are worried about the strength of the Brazilian real.
Ya, is such a fcuk situation , people can buy 40 % more goods with the same BR now. Maybe they like to make it such that can buy nothing with it is better. don't you love it when people hates wealth.

Ya, but better watch that inflation, can burn their donkeys.
oh, where do they store their riches??? i see.

So if you going to brazil for holidays, make sure ask for 50 % discount for everything, or pay in USD. That gives you 40+% discount auto.




regards
  • #21,929
  • Jan 13, 2011 11:26pm Jan 13, 2011 11:26pm
Quoting fti
easy.
Just read indept about structures, stability and what pi has to do with it.
If you have access, talk to any structural engineer. Otherwise just read about the pyramids.


regards
Will do sir, thanks
  • #21,930
  • Jan 14, 2011 12:27am Jan 14, 2011 12:27am
Quoting fti

Ya, but better watch that inflation, can burn their donkeys.
oh, where do they store their riches??? i see.

So if you going to brazil for holidays, make sure ask for 50 % discount for everything, or pay in USD. That gives you 40+% discount auto.




regards
  • #21,931
  • Jan 14, 2011 1:14am Jan 14, 2011 1:14am
Good morning!

Anyone any idea what we may see today?
3400?
3200?

Ok, not meant as prediction.
Just betting for fun :-)

Niels
  • #21,932
  • Edited 1:38am Jan 14, 2011 1:20am | Edited 1:38am
Quoting MaMood
Good morning!

Anyone any idea what we may see today?
3400?
3200?

Ok, not meant as prediction.
Just betting for fun :-)

Niels
of course i know, whats crystal balls for.
Butt why should i tell you?

sorry neils, 2011, i using very sharp knives and i aiming throat region.
Ok, i declared, and now i need start work.

e position is skewed 144X to bring book back to play later.
This will become new scout base
starts near flat book again.

regards
  • #21,933
  • Jan 14, 2011 1:39am Jan 14, 2011 1:39am
Quoting fti
2011, i using very sharp knives and i aiming throat region.
Ok, i declared, and now i need start work.
Yea

Pump Up The Volume!
  • #21,934
  • Jan 14, 2011 1:45am Jan 14, 2011 1:45am
Quoting fti
of course i know, whats crystal balls for.
Butt why should i tell you?

sorry neils, 2011, i using very sharp knives and i aiming throat region.
Ok, i declared, and now i need start work.

e position is skewed 144X to bring book back to play later.
This will become new scout base
starts near flat book again.

regards
Morning fti,

phew that is far beyond my experiences.
Largest skewing i was doing on real money yet was around 55.
And to honest, thats was not a very convinient feeling.
I guess it is called "to be in blue funk" :-)

There is a good chance, that we may find a top soon. We have not broken this resitance area since november last year. So at least some battle to expect, but also good amount of SL's above. But after the SL hunting could be a good entry then ....

Wish you all the BEST!

Niels

Edit: Sorry for mentioning it to my Master:
Do not trade for being right!
There is no need to teach anyone a lesson out threre.
Protect the book and take the money,
whoever (Bulls or Bears) are willing to pay!
  • #21,935
  • Jan 14, 2011 2:19am Jan 14, 2011 2:19am
Quoting fti
of course i know, whats crystal balls for.
Butt why should i tell you?

sorry neils, 2011, i using very sharp knives and i aiming throat region.
Ok, i declared, and now i need start work.

e position is skewed 144X to bring book back to play later.
This will become new scout base
starts near flat book again.

regards

Chief,

would u recommend to anyone what u doing????.....

V
  • #21,936
  • Jan 14, 2011 2:22am Jan 14, 2011 2:22am
Another wave up on the 5min.
Man, this is the type of market trend followers who would not exit till the trend dies would be most happy about, and fixed/precalculated profits takers would be left squeezing their own..

Its a torture to watch price run like that when you are out. All the scorpions are coming out, but they shall not control my physical body to do the click. The best consolation i have that i remind myself is that it doesn't happen often.
  • #21,937
  • Jan 14, 2011 2:24am Jan 14, 2011 2:24am
We should also keep an eye on UJ, cause BoJ will not be very happy with Yen getting too strong. So maybe this resistance will be defended strongly ....

Just a thought, nothing rerlyabel ...
  • #21,938
  • Jan 14, 2011 2:27am Jan 14, 2011 2:27am
Quoting Rand Yap
Another wave up on the 5min.
Man, this is the type of market trend followers who would not exit till the trend dies would be most happy about, and fixed/precalculated profits takers would be left squeezing their own..

Its a torture to watch price run like that when you are out. All the scorpions are coming out, but they shall not control my physical body to do the click. The best consolation i have that i remind myself is that it doesn't happen often.

Hi,

Regardless how far price has gone already, the charts will tell you what to do. Finally there is no difference if the move is up for 10 minutes, 5 hours or 2 days. When the chart is ok - act!
(that's not anadvice to go long now. This comment is more of general purpose ...)
  • #21,939
  • Jan 14, 2011 2:29am Jan 14, 2011 2:29am
Good morning!
Wow! I was having a rest yesterday and now i see new tops. Niels, thank you for stopping me there. I was exhausted from 24h trading. So today i will be only watching and preparing for the next weekend. Today i am going to buy a new tradin computer and monitor. Nonsense to have a disadvantage in this. Happy trading
  • #21,940
  • Jan 14, 2011 2:30am Jan 14, 2011 2:30am
Quoting mijamoto
Hey guys my life is so f... hehehe. Now I am invited to a national team, but my coach is in very bad relation with slovenian federation. He said they are rude to him and he workouts of national team are not interested. He also said I my life is up to me, so I should decide alone, but I would have to be careful there, as stronger and bigger guys and lil bit more aggresive players. So I got no idea what to to :S I would like to train with national team, to get lil bit experiences and more workouts, but I trust my coach he knows me the best =D
just shut up, please. nobody cares. (it had to be said, sorry)
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