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Technical Analysis Fallacy

  • #26,941
  • Aug 8, 2011 9:56am Aug 8, 2011 9:56am
Quoting cuthbert
to be very honest....this is a deserted place without Fti.
NO DOubt....

Though shouldnt we try to keep it as garden full as possible ...what little we can do...


V
  • #26,942
  • Aug 8, 2011 10:16am Aug 8, 2011 10:16am
Quoting ukmanthailan
Hey guys, can't you give fti a break? I think he's given more than ever could have been expected and he needs a rest and to concentrate on his own life for a bit.

I'm sure he'll be back (God willing) when he feels like it.
Yep, I think we should try to keep this thread alive and honor fti as best we can.

OK, equities fall, oil falls and treasuries rally = currency movement that is very tradable. This was easy trading today, and now let's see where we go from here.

ECB jumped in to the market today but has little to show from it. Is that QE1 for them? Not sure.

Finally, AA+ is the new AAA. Fed meeting tomorrow.
  • #26,943
  • Aug 8, 2011 12:48pm Aug 8, 2011 12:48pm
Quoting cuthbert
to be very honest....this is a deserted place without Fti.
Agree, but also agree with GEfx statement.
  • #26,944
  • Aug 8, 2011 1:19pm Aug 8, 2011 1:19pm
WOW! The Dow Jones is not the market any more! It is a Money-Stealer..
  • #26,945
  • Aug 8, 2011 2:08pm Aug 8, 2011 2:08pm
Quoting Fana
WOW! The Dow Jones is not the market any more! It is a Money-Stealer..
the guy on other side surely is making a lot of money....


V
  • #26,946
  • Aug 8, 2011 3:52pm Aug 8, 2011 3:52pm
Quoting GEfx

Finally, AA+ is the new AAA.
The new normal
  • #26,947
  • Aug 8, 2011 4:54pm Aug 8, 2011 4:54pm
Quoting auxesis
The new normal
That's the way I see it -- LOL! I am wondering how long it will take for Obama to have the IRS deep up the a** of the top 100 executives and board members of S&P. At least that is what Hillary would have done if she were president -- LOL.

auxesis, is it cooling down where you live? Any rain?
  • #26,948
  • Aug 8, 2011 5:35pm Aug 8, 2011 5:35pm
Quoting GEfx

auxesis, is it cooling down where you live? Any rain?
No, Satan called the other day and asked for his weather back. My chickens are laying hard-boiled eggs.

Breaking all records for hot this summer, praying for rain.
  • #26,949
  • Aug 8, 2011 6:00pm Aug 8, 2011 6:00pm
Swiss sitting at Historic levels, approaching all time doubles against Yen, Aussie......... New Lows with the Dollar, Off the chart lows against Euro. Hummmm Swiss interest rate sitting at nada.....
  • #26,950
  • Aug 8, 2011 10:06pm Aug 8, 2011 10:06pm
Quoting cuthbert
to be very honest....this is a deserted place without Fti.
For me, fti taking a break, is a way to catch up with the thread.

I'm basically 3 yrs behind..Lusan got laid-off but appears will have a job interview..MaMood just found the thread but constantly supplying news alert ala bloomberg..Zoran trying his best to get fti to finish reading the 'book'..Leighsww finalizing her latest spreadsheet..piccolo being the best as he can be by helping out..

One funny sequence is when Zoran asked fti when he will disclose at least his first name..hemal011 guessed 'Freddie'.. fti obviously didn't like it..hemal011 said sorry..fti made a vg comeback saying he didn't get mad..of course, now i know some members are calling fti 'Fredde'..i'm still curious how he became Fredde..

senior members suggest first 200 pages is good enough, i would like to continue reading as i dont want to miss a thing of fti's mind..

I do believe he will come back because sharing and helping others is a big part of his MO..

Mabuhay ka fti..
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #26,951
  • Edited Aug 9, 2011 12:28am Aug 8, 2011 11:11pm | Edited Aug 9, 2011 12:28am
what a volatitlity.........

wonder how many indicators survived....


V

PS: lost 1.8% of equity was trying to short AU.....AU seems to be not my cup of tea lol..........
  • #26,952
  • Aug 9, 2011 2:06am Aug 9, 2011 2:06am
Quoting lananpips
For me, fti taking a break, is a way to catch up with the thread.

I'm basically 3 yrs behind..Lusan got laid-off but appears will have a job interview..MaMood just found the thread but constantly supplying news alert ala bloomberg..Zoran trying his best to get fti to finish reading the 'book'..Leighsww finalizing her latest spreadsheet..piccolo being the best as he can be by helping out..

One funny sequence is when Zoran asked fti when he will disclose at least his first name..hemal011 guessed 'Freddie'.. fti obviously didn't like it..hemal011...
1800 pages,,,,if you were to look at a book with that many pages and think i want to read that,, well you will have,at least, determination to succeed.
  • #26,953
  • Aug 9, 2011 2:58am Aug 9, 2011 2:58am
Keep in mind ...

Do Americans would be able to find a country other than China,
which so willingly financed by their growing in the public finance deficit indefinitely?

Do the Chinese could dream of non-Americans, equally willing to purchase, consumers?
  • #26,954
  • Aug 9, 2011 3:03am Aug 9, 2011 3:03am
Attached Image
  • #26,955
  • Aug 9, 2011 5:42am Aug 9, 2011 5:42am
Quoting gart
Keep in mind ...

Do Americans would be able to find a country other than China,
which so willingly financed by their growing in the public finance deficit indefinitely?

Do the Chinese could dream of non-Americans, equally willing to purchase, consumers?
It`s a dangerous love affair, china needs USA to sell it`s goods to and the americans enjoy goods at cheap prices, this leads to trade imbalance and lots of dollars in chinese banks, which of course the chinese lend them back to the USA.
can not see US defaulting so their money is reasonably safe
As for US debt continuing to get higher and higher, well they have to do something different, ie restructuring their economy.(no i don`t have an answer as to how)
  • #26,956
  • Aug 9, 2011 6:13am Aug 9, 2011 6:13am
Hi Auxesis. What is your bet on U/CHF now? Thank you
  • #26,957
  • Aug 9, 2011 7:22am Aug 9, 2011 7:22am
Quoting billy6
1800 pages,,,,if you were to look at a book with that many pages and think i want to read that,, well you will have,at least, determination to succeed.
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #26,958
  • Aug 9, 2011 7:32am Aug 9, 2011 7:32am
Quoting Fana
Hi Auxesis. What is your bet on U/CHF now? Thank you
Fana,

Last night I bought into the selloff but with Aussie against the Yen and Swiss for the rate differentials. I've squared some and now looking to rebuild on the pullback. Idea is to get some paid for with enough profit for cushion against the bottom, when that happens I'll sit on the remainder and collect interest.

Sooner or later G7,10,20 will intervene to stabilize the markets.

Everyone has to trade them as they see fit, don't take what I say for anything other than amusement.

regards,
  • #26,959
  • Aug 9, 2011 9:22am Aug 9, 2011 9:22am
sometimes reading here, not much contributing, because its not my timeframe which you are trading. But I realy like the spirit of the
thread

I like to share a quarterly S&P chart, so every candle represents 3 month.

It looks like a triple top for me.

If cad, aud, nzd follows the S&P500 the general direction might be down.

Of cause this doesn´t help you much, if you trade on the 15 min timeframe.
Attached Image
  • #26,960
  • Aug 9, 2011 9:35am Aug 9, 2011 9:35am
Quoting auxesis
Fana,

Last night I bought into the selloff but with Aussie against the Yen and Swiss for the rate differentials. I've squared some and now looking to rebuild on the pullback. Idea is to get some paid for with enough profit for cushion against the bottom, when that happens I'll sit on the remainder and collect interest.

Sooner or later G7,10,20 will intervene to stabilize the markets.

Everyone has to trade them as they see fit, don't take what I say for anything other than amusement.

regards,
Thank you very much, appreciated. Regards
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