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Technical Analysis Fallacy

  • #23,481
  • Mar 17, 2011 9:59pm Mar 17, 2011 9:59pm
Well had a great day and greatest return ever made in my life...

calling it off for this week.... have a long position open from 81.20 ....will ride it as long it can go.. sorry chief have putted a stop loss at 81.20 :...

with this thank u chief.... if not for u we would have been just walking in woods with no direction....

I am going to bed tonite...

everyone have a blessed day ...bless week...take care of some loved one this weekend..

V
  • #23,482
  • Mar 18, 2011 1:12am Mar 18, 2011 1:12am
I'm very busy these days.
The certification to become a professional fund manager takes all my energies. Have never been working so highly focussed and with proper mindest, like in the past few weeks. So most of the time I'm only checking the FF calender and read your postings.

Hope I'll find some more time to spend in TAF in the future again.

All the best,
Niels.

Great to hear that you are moving to this level. All the very best. Ray
  • #23,483
  • Mar 18, 2011 1:12am Mar 18, 2011 1:12am
Good Morning Friends!

Just for info:

[...]
In FX markets, the JPY pulled back sharply after the G-7 pledged to intervene in the currency markets as Japan dumped yen on the currency markets. Japan's MOF sold JPY through the BOJ for the first time since September and Japanese finance minister Yoshihiko Noda said each G-7 central bank would intervene in its own timezone.
[...]

Disclaimer: Be aware of possible COw Dung included ;-)
  • #23,484
  • Mar 18, 2011 1:19am Mar 18, 2011 1:19am
Quoting 1234
I'm very busy these days.
The certification to become a professional fund manager takes all my energies. Have never been working so highly focussed and with proper mindest, like in the past few weeks. So most of the time I'm only checking the FF calender and read your postings.

Hope I'll find some more time to spend in TAF in the future again.

All the best,
Niels.

Great to hear that you are moving to this level. All the very best. Ray
Good Morning Ray,

thx for your kind words.
I'll never forget, where it all has started.
I'm very strong rooted with TAF and all the friends in here
:-)

Niels.

p.s: Not sure if my message was clear in my yesterday posting:
The topic that still needs my strongest efforts iare my scorpions and mindset. And because of that I'm not sure, if I'm able to go that big step forward. But we will see :-)
  • #23,485
  • Mar 18, 2011 1:55am Mar 18, 2011 1:55am
Can I get some confirmation on what prices you guys got as the very bottom of the move on the USD/JPY yesterday? I want to double check it with my feed.

Looks like I got knocked out at 15 pips from the bottom of the move... yahoo price quotes aren't the best I'll admit but they show a higher bottom than what I got.
  • #23,486
  • Mar 18, 2011 2:19am Mar 18, 2011 2:19am
morning fti sir,
i am the one who should be sorry for the late reply. last night i went to bed after posting, assuming you went to diner.
and i am no "sir". only a humble student.
i wish my best to your two sons. may they find the strenth within, feel your love and be happy!
lives here aren't affected much by our neighbour's mishap. but we did have a salt panic the day before yesterday. out of the fear of contaminated salt in the future, people bought all the salt in the market. crazy.
as for me, i am still trying my best to learn your teachings. to feel the tempo. to be nimble. to know myself. i do a lot hiking, jogging. it helps my trading(still demoing) a lot. and i feel great to be robust. feel very happy to be trading with freedom and confidence. and i owe all this to you. sir! many thanks!
take care and be with us .
solute back!
sakatalight
  • #23,487
  • Mar 18, 2011 2:59am Mar 18, 2011 2:59am
and fti sir,
i got a question. is the panda good at trading in the pro circle? not the sovereign fund managers. i guess their job is not about making money. only adjusting the ratio of our huge fx reserve? i mean the commercial ones. talk here is that they are not very good.
regards.
  • #23,488
  • Edited 3:33am Mar 18, 2011 3:05am | Edited 3:33am
Quoting Atomic_Sheep
Can I get some confirmation on what prices you guys got as the very bottom of the move on the USD/JPY yesterday? I want to double check it with my feed.

Looks like I got knocked out at 15 pips from the bottom of the move... yahoo price quotes aren't the best I'll admit but they show a higher bottom than what I got.
Hi Atomic Sheep. Sorry, but you are not in picture still. Somewhere in the thread, Fti wrote, that it is no need to pick up top and bottom. This method has more ingredients. For example : market sigma, vega, snowballing.... "flip, scout, 3kingdoms, sexy ladies:-)"..... It works all together. You IGNORE this. Why? Redgards and sorry that i am so straight... btw i was there where you are in the past also. You can change it, but you must find the right way. You must want to find it!
  • #23,489
  • Mar 18, 2011 3:05am Mar 18, 2011 3:05am
Nice move eaxct timed on London opening.
Be careful today.
The CB are on the line indeed (Or some big guys tried to mimik the CB's next intervention - who knows).


CU,
Niels
  • #23,490
  • Mar 18, 2011 3:18am Mar 18, 2011 3:18am
hi MaMood,
good to hear your progress. wish you success!
still cycling? it wil pay off in your fx effort. i used to do that quite often. now love hiking more. BTW got a pair of steiner coming to me from the states. people speak highly of your optics. looking forward to enjoy it during hiking!
regards.
  • #23,491
  • Mar 18, 2011 3:37am Mar 18, 2011 3:37am
Quoting sakatalight
hi MaMood,
good to hear your progress. wish you success!
still cycling? it wil pay off in your fx effort. i used to do that quite often. now love hiking more. BTW got a pair of steiner coming to me from the states. people speak highly of your optics. looking forward to enjoy it during hiking!
regards.

Hi,

thanx for your kind words.

Started hiking too last year.
Maybe it is more appropriate to my increasing age ;-)

Have never had some glasse from Steiner, but I have heard very good things only about it. Enjoy it.

CU,
Niels
  • #23,492
  • Mar 18, 2011 3:41am Mar 18, 2011 3:41am
From my knowledge so far Bundesbank, Bank of France, BoE and BoJ have acknowledged their participation in intervention.
ECB most likely too, but refers to the G7 statement only ...

So let's see if the FED will show hand later in the day ...

However - for surviving well today key is to stay nimble and be prepared ...
  • #23,493
  • Mar 18, 2011 3:51am Mar 18, 2011 3:51am
Just for info:


.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-18-News01.JPG Size: 53 KB
  • #23,494
  • Mar 18, 2011 3:55am Mar 18, 2011 3:55am
Quoting Atomic_Sheep
Can I get some confirmation on what prices you guys got as the very bottom of the move on the USD/JPY yesterday? I want to double check it with my feed.

Looks like I got knocked out at 15 pips from the bottom of the move... yahoo price quotes aren't the best I'll admit but they show a higher bottom than what I got.
76.99
  • #23,495
  • Mar 18, 2011 4:55am Mar 18, 2011 4:55am
Quoting MaMood
Hi Fti & Friends!

Hope you have all survived that JPY tsunami last night.
Unfortunately I was not in my trading room at that time ....

Glad to read some valuable comments from you, fti.

I'm very busy these days.
The certification to become a professional fund manager takes all my energies. Have never been working so highly focussed and with proper mindest, like in the past few weeks. So most of the time I'm only checking the FF calender and read your postings.

Hope I'll find some more time to spend in TAF in the future again.

All the...
I wish you mamood "steel of ball"
"they forget the basics and you die"
  • #23,496
  • Mar 18, 2011 5:07am Mar 18, 2011 5:07am
Quoting Gro
I wish you mamood "steel of ball"
"they forget the basics and you die"
Hey Gro. What about the Plastic Titanic?

Finally... We are going to have oil reserves in Africa!
(politicaly divided country with oil reserves, near the EU! Ideal target!!!)
  • #23,497
  • Mar 18, 2011 5:23am Mar 18, 2011 5:23am
Just for info:

LONDON, Mar 18 (IFR) - Despite the BOJ intervening in the market buying between 20-25 yards of dollars in Asia today, European regional central banks and the ECB confirming that they intervened to sell the yen, the market remains in a state of flux. The talk in the market is as further intervention remains on the cards, with speculation increasing that early NY (8am Eastern, 1200GMT) is a possible time for operations. Where does the G7 want/need USD/JPY to be before they withdraw co-ordination, because there are two immediate problems which are affecting the market and may effect upcoming operations. At the moment the market is very long of USD/JPY in anticipation of further big intervention, this is a short-term problem for the G7 as it mean to drive spot higher they must spend a considerable amount of funds. Secondly, the medium-term technical picture remains bearish and will not change unless at a minimum 83.98 (2011 high, posted February 16) is taken out, ideally a break of and close above 84.51 (December 15 high) is needed.

In terms of immediate orders, there is said to be a large bid down at 81.20/81.25 which has underpinned the market in the short-term, also note that large offers are building at the 82.00 level ( (More) ). Elsewhere, there are strikes expiring at 80.50, 80.75, 81.50 and 82.00 at the NY cut (10am Eastern, 1400GMT) today. The JPY 1mth atm is trading at 14, down from a high of 20 in Asia on Thursday, which ties in the rise USD/JPY spot as the 30-day correlation co-efficient is -0.852 (the two variable move in the opposite direction 85% of the time). To play USD/JPY we are recommending longs for 83.00 ( (More) , for those that are worried about speculative attacks to the down-side IFR recommends buying a 83.75 1-week One-Touch Binary Option with a 25% TV. [email protected]
Copyright (c) 2011 Thomson Reuters - IFRMarkets

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #23,498
  • Mar 18, 2011 5:24am Mar 18, 2011 5:24am
Quoting Atomic_Sheep
Can I get some confirmation on what prices you guys got as the very bottom of the move on the USD/JPY yesterday? I want to double check it with my feed.

Looks like I got knocked out at 15 pips from the bottom of the move... yahoo price quotes aren't the best I'll admit but they show a higher bottom than what I got.
76.57
  • #23,499
  • Mar 18, 2011 5:35am Mar 18, 2011 5:35am
Nice wording used by Bloomberg: "YEN-tervention"

@Atomic:
76.38 with Deutsche Bank
76.239 With MiG
75.58 on VarenGold Bank

But if you want to run any actions against your broker you have to know about the spread at that time as well. And of course the broker is allowed to quote any price that he wants to you (regardless of what all the other brokerages/Liquidity Providers are quoting) ...

CU,
Niels
  • #23,500
  • Mar 18, 2011 5:38am Mar 18, 2011 5:38am
Quoting sakatalight
morning fti sir,
i am the one who should be sorry for the late reply. last night i went to bed after posting, assuming you went to diner.
and i am no "sir". only a humble student.
i wish my best to your two sons. may they find the strenth within, feel your love and be happy!
[font=Arial]lives here aren't affected much by our neighbour's mishap. but we did have a salt panic the day before yesterday. out of the fear of contaminated salt in the future,...
just officer to officer and gentlemen.
If you drop the sir, we be better friends.

regarding your question if panda is good.
To me this is markets, there is no good or bad.
Good books is good, bad books need to work harder.
every book has its own agendas and purpose.
The more experience they have managing markets , the more strategies they will be able impliment.

For Panda, they are new kids on the block and with size. So their actions have much impact. Notwithstanding that much leeches and parasites hinge on to them for living.

The salt situation in china now, dipicts how markets work. They alway over do.Then slowly erodes away. It is just the nature of humans. Hording and Greed is just natural human expression.

Hope your great firewall of china, will allow you hear this song. Is one i like much.
Otherwise you can serach local media for it.
Eagles - New kid in town
Inserted Video


regards
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