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Technical Analysis Fallacy

  • #25,421
  • Jun 1, 2011 6:44am Jun 1, 2011 6:44am
Quoting Alexgee
I'm all for helping the newcomers because we were all newcomers at one point, but at the same time the new people should have to do "some" work and at least read the first 200 pages of the thread like most of us who are regulars here have done.
In doing so they will help themselves even more, by getting the full picture of what fti has taught here.

Just my humble 2 cents
yes reading first 200 pages now.......like religious scripture.

Thanks MaMood and others for explaining.
  • #25,422
  • Jun 1, 2011 7:06am Jun 1, 2011 7:06am
Quoting auxesis
This may help for association, Heli's referenced above. Great Brittan's former Prime Minister, Margaret Thacher was nicknamed The Iron Lady, as is often used to describe female heads of state or a strong willed woman ( my wife). Panda, well that one should be obvious, only find them in one place on this earth..... China, also their gold coins are called Panda's because they have a panda on the stamping, same as Canada's coins are called Loonie's as there's a Loon on them .

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

fwiw,
kicking cans , my friend?
not maple leaf?
let me check see if i have any loonie's at home, leftover from old trip.

regards
  • #25,423
  • Jun 1, 2011 7:10am Jun 1, 2011 7:10am
Quoting cuthbert
yes reading first 200 pages now.......like religious scripture.

Thanks MaMood and others for explaining.
You've got to pay the piper

Having said that, we're all here to help, feel free to ask questions
If only I knew then what I know now...
  • #25,424
  • Edited 7:29am Jun 1, 2011 7:14am | Edited 7:29am
Quoting auxesis
This may help for association, Heli's referenced above. Great Brittan's former Prime Minister, Margaret Thacher was nicknamed The Iron Lady, as is often used to describe female heads of state or a strong willed woman ( my wife). Panda, well that one should be obvious, only find them in one place on this earth..... China, also their gold coins are called Panda's because they have a panda on the stamping, same as Canada's coins are called Loonie's as there's a Loon on them .

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

fwiw,
kicking cans , my friend?

regards

PS: nope, but have 1 bottle, but can't drink canada dry anymore.
ok next on the table us Employment. This may confirm it for fp.
But confirmation , I may tp
  • #25,425
  • Edited 7:58am Jun 1, 2011 7:37am | Edited 7:58am
ok usd poops
The manipulations really making markets a circus.
  • #25,426
  • Jun 1, 2011 7:41am Jun 1, 2011 7:41am
Quoting fti
ok usd poops
hello,fti , can you explain more information about this :
"Major currency pairs (positive correlation) Euro/ usd/, Gbp/Usd, Aud/usd, nzd/usd, (inverse correlating pair) usd/jpy, chf/usd, cad/usd, and the only pair non usd based is eur/jpy
all other pairs use the usd as a base against the relative value of Usd against another pair
usd/xxx vs usd/zzz = xxx/zzz"
but why ?

i used to be think that all the paris are indenpendent. thank you very much.
A chart helps those who can read it.
  • #25,427
  • Jun 1, 2011 7:42am Jun 1, 2011 7:42am
Risk aversion coming on, long overdue if you ask me, with Greece and Piigs.
Germany is in a bind because they cannot let Greece go or they will lose all the money they already put in, now they have to protect their investment. There is a saying that says, "if you owe the bank $100,000 you have a problem but if you owe the bank 100 million, the bank has a problem. That's Germany and the Piigs.
The whole world ponzi economy is about to fall off the cliff, except for endless printing.
Question that needs to be asked is, how does that end?
If only I knew then what I know now...
  • #25,428
  • Jun 1, 2011 7:49am Jun 1, 2011 7:49am
my assumption would be that since the USD is the world's reserve currency, most pairs are connected to dollar. In terms of major and non-major, the euro, yen and pound get the most volume. Any pair not using usd is called a cross. I think fti handled those at the bank? Anyways, its an easier way for someone to do a switch between eur and jpy without the interchange of dollars.


Quoting geniusztc
hello,fti , can you explain more information about this :
"Major currency pairs (positive correlation) Euro/ usd/, Gbp/Usd, Aud/usd, nzd/usd, (inverse correlating pair) usd/jpy, chf/usd, cad/usd, and the only pair non usd based is eur/jpy
all other pairs use the usd as a base against the relative value of Usd against another pair
usd/xxx vs usd/zzz = xxx/zzz"
but why ?

i used to be think that all the paris are indenpendent. thank you very much.
  • #25,429
  • Jun 1, 2011 7:55am Jun 1, 2011 7:55am
Hi Friends! What is with that GBP???
in 2006 was 5000pips difference between G/U and E/U
now it is about 2000pips
- strange... Eur should be the panic-based endangered currency... or not??
  • #25,430
  • Jun 1, 2011 8:04am Jun 1, 2011 8:04am
if you're talking about the very recent drop:
http://uk.reuters.com/article/2011/0...7501HY20110601


Quoting Fana
Hi Friends! What is with that GBP???
in 2006 was 5000pips difference between G/U and E/U
now it is about 2000pips
- strange... Eur should be the panic-based endangered currency... or not??
  • #25,431
  • Jun 1, 2011 8:25am Jun 1, 2011 8:25am
Quoting fullperson
if you're talking about the very recent drop:
http://uk.reuters.com/article/2011/0...7501HY20110601
William, thanks for info... i mean a little longer timeframe... years...
  • #25,432
  • Edited 9:37am Jun 1, 2011 9:10am | Edited 9:37am
Quoting geniusztc
hello,fti , can you explain more information about this :
"Major currency pairs (positive correlation) Euro/ usd/, Gbp/Usd, Aud/usd, nzd/usd, (inverse correlating pair) usd/jpy, chf/usd, cad/usd, and the only pair non usd based is eur/jpy
all other pairs use the usd as a base against the relative value of Usd against another pair
usd/xxx vs usd/zzz = xxx/zzz"
but why ?

i used to be think that all the paris are indenpendent. thank you very much.
romance of the kingdoms.
no man is an island.
forex is rates used for trade of goods and services between nations.
Where you think money changers get the exchange prices from?
We the big exchangers.
All in the forex structure.
Do you have sony TV? Then you japanese economy supporters.
You actually buy the tv in yen, not your local currency.
All currency based against usd.
then you work out the cross rates from the usd rates.
Structure of forex markets.
Please read thread.

I see you from china.
CNY and USD rates pegged.
so to buy jap goods.
you convert CNY to USD and the USD to yen
then you get CNY/Yen cross rates.

To understand exchange rate quote relationship, read "bretton woods agreement."
stronger currency is quoted first against usd.
weaker currency is quoted usd against the currency.
usd to be only 2 currency quotes 1st agaist usd
was cable aka stirling pound and Aus, australian dollar
now there is Euro also
  • #25,433
  • Jun 1, 2011 9:27am Jun 1, 2011 9:27am
Quoting fti
romance of the kingdoms.
no man is an island.
forex is rates used for trade of goods and services between nations.
Where you think money changers get the exchange prices from?
We the big exchangers.
All in the forex structure.
Do you have sony TV? Then you japanese economy supporters.
You actually buy the tv in yen, not your local currency.
All currency based against usd.
then you work out the cross rates from the usd rates.
Good to see you fti... keep that energy pumping!
  • #25,434
  • Edited 9:44am Jun 1, 2011 9:33am | Edited 9:44am
Quoting Vourvoul
Good to see you fti... keep that energy pumping!
sorry , my end is near.
For yu who not know.
I had heart attack on 15 jan 2010, 2 major arteries blocked, in fact i was expected die then
Miracle doctors saved me.
Now I have 1 more artery block, LV thrombos, diabetes, and internal bleeding.


regards
  • #25,435
  • Jun 1, 2011 9:45am Jun 1, 2011 9:45am
Quoting fti
sorry , my end is near.
For yu who not know.
I had heart attack on 15 jan 2010, 2 major arteries blocked, in fact i was expected die then
Miracle doctors saved me.
Now I have 1 more artery block, LV thrombos, diabetes, and internal bleeding.


regards
Cheif...

Take some rest............... what for???? .... we need u for marathon not for sprint training.....


V
  • #25,436
  • Jun 1, 2011 9:45am Jun 1, 2011 9:45am
Quoting fti
sorry , my end is near.

regards

fti, try to keep the spirit high, I know it can be hard specially when you've been told as you have, but don't let that bring you down, enjoy yourself the best you can, listen to great music, laugh and enjoy your family.

You've helped a lot of people through your sharing of your knowledge and spiritual gifts and you have created a legacy here at ff that will carry on your teachings.

God Bless you

Alex
If only I knew then what I know now...
  • #25,437
  • Jun 1, 2011 9:48am Jun 1, 2011 9:48am
Quoting Alexgee
fti, try to keep the spirit high, I know it can be hard specially when you've been told as you have, but don't let that bring you down, enjoy yourself the best you can, listen to great music, laugh and enjoy your family.

You've helped a lot of people through your sharing of your knowledge and spiritual gifts and you have created a legacy here at ff that will carry on your teachings.

God Bless you

Alex
Thanks Alex
No worries, all is set.
I not afraid to go home to my creator. Now just waiting for the time.
infact heart is functioning sub 30% and Bp is low 70s now.


regards
  • #25,438
  • Jun 1, 2011 9:52am Jun 1, 2011 9:52am
Quoting indianguyinny24
Cheif...

Take some rest............... what for???? .... we need u for marathon not for sprint training.....


V
that's right, and no prediction please, not how price action ends or how we end
  • #25,439
  • Edited 10:13am Jun 1, 2011 9:56am | Edited 10:13am
Quoting Baifu
that's right, and no prediction please, not how price action ends or how we end
baifu.
humans can feel.
not be too concerned. I had lived a good challenging life. Thanks.

regards

Ok time to rest again. goodnite.
Sorry got the year wrong, thanks for reminder,
was 15 jan 2011.
seems my orientation is no good already.
  • #25,440
  • Jun 1, 2011 10:15am Jun 1, 2011 10:15am
Quoting fti
romance of the kingdoms.
no man is an island.
forex is rates used for trade of goods and services between nations.
Where you think money changers get the exchange prices from?
We the big exchangers.
All in the forex structure.
Do you have sony TV? Then you japanese economy supporters.
You actually buy the tv in yen, not your local currency.
All currency based against usd.
then you work out the cross rates from the usd rates.
Structure of forex markets.
Please read thread.

I see you from china.
CNY and USD rates pegged.
so to buy jap goods.
you...
thank you fti. and hope you have healthy body soon.
A chart helps those who can read it.
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