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Technical Analysis Fallacy

  • #27,201
  • Sep 19, 2011 4:33pm Sep 19, 2011 4:33pm
Quoting Fana
Home, sweet home...
Inserted Video
  • #27,202
  • Edited Sep 20, 2011 12:38am Sep 19, 2011 9:02pm | Edited Sep 20, 2011 12:38am
S&P Downgrades Italy

http://www.zerohedge.com/news/sp-dow...futures-tumble


Greek's may call referendum on EU

http://www.ekathimerini.com/4dcgi/_w...09/2011_407137

Safe trading!!! Big moves coming. Follow the river.
Jaro
  • #27,203
  • Sep 19, 2011 10:17pm Sep 19, 2011 10:17pm
FXstreet.com (California) - The European single currency is losing ground against its American counterpart in Asia, fueled by Standard & Poor’s announcement of a downgrade of Italy to “outlook negative”, and by unproductive Greece talks, which failed to reach an agreement needed to secure a new EUR 8 billion loan.

“The picture in Europe, full stop, is not getting any better. They can patch up any way they want to Greek situation but the problem is going to persist. If it doesn’t persist in Greece, it will persist in Portugal or Ireland, or Italy or Spain,” comments Stuart Ive, senior trader at HiFX.

EUR/USD is now quoted near session lows in the 1.3600 area, 80 pips below its opening price. To the downside, Valeria Bednarik, Chief Analyst at FXstreet.com finds support levels at 1.3580, 1.3550 and 1.3500. To the upside, the analyst sees resistance at 1.3635, 1.3680 and 1.3715.
  • #27,204
  • Sep 20, 2011 12:57am Sep 20, 2011 12:57am
Inserted Video



Inserted Video



V
  • #27,205
  • Sep 20, 2011 3:37am Sep 20, 2011 3:37am
Quoting Jaro
FXstreet.com (California) - The European single currency is losing ground against its American counterpart in Asia, fueled by Standard & Poor’s announcement of a downgrade of Italy to “outlook negative”, and by unproductive Greece talks, which failed to reach an agreement needed to secure a new EUR 8 billion loan.

“The picture in Europe, full stop, is not getting any better. They can patch up any way they want to Greek situation but the problem is going to persist. If it doesn’t persist in Greece, it will persist in Portugal or Ireland, or Italy...
Pretty sure that most reasonable people might start be figuring it out that it's a planned and executed "failure", based on how the system operates.
  • #27,206
  • Sep 20, 2011 11:25am Sep 20, 2011 11:25am
Maybe this is interesting for someone:

http://ibis.interactivebrokers.com/ibis/index.php

Rgs,

Textor
  • #27,207
  • Sep 20, 2011 5:03pm Sep 20, 2011 5:03pm
Quoting textor
Maybe this is interesting for someone:

http://ibis.interactivebrokers.com/ibis/index.php

Rgs,

Textor
wonder how it compares to bloomberg.
  • #27,208
  • Sep 20, 2011 8:38pm Sep 20, 2011 8:38pm
any idea what was that spike....

got trapped because of it...


V
  • #27,209
  • Sep 20, 2011 9:10pm Sep 20, 2011 9:10pm
Quoting indianguyinny24
any idea what was that spike....

got trapped because of it...


V
Hi V!
This will explain this spike. Good luck.


From Oanda

Our FXTrade system was provided with invalid pricing data (a situation known as a rate spike) for the following currency pair(s):

- USD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- EUR/CHF, from September 20, 2011 5:02:13 PM EDT to September 20, 2011 5:06:08 PM EDT
- NZD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- AUD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- CAD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- SGD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
- GBP/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:05:17 PM EDT

Explanation: Invalid pricing for CHF currencies from multiple banks

When any trades take place during a rate spike, our system must reassess all trades that may be related to the spike (as well as certain standing orders and open trades). This reassessment requires that these trades and orders be closed, with new ticket numbers issued to reinstate the valid trades and orders.

The invalid pricing data triggered the adjustments to your account 294922 listed below. We tried to reinstate trades and orders to match your intentions, but please review the following details at your earliest convenience and check your account.

If you have any questions or concerns, please go to http://fxtrade.oanda.com/support/tro...ort_form.shtml and fill out a bug report to the OANDA Customer Service department.

Regards,
The FXTrade Team
OANDA Corp.
  • #27,210
  • Sep 20, 2011 10:11pm Sep 20, 2011 10:11pm
Quoting indianguyinny24
any idea what was that spike....

got trapped because of it...


V
Spike was corrupt data, if your entry was in the spike, check with your broker.
  • #27,211
  • Sep 20, 2011 11:26pm Sep 20, 2011 11:26pm
Quoting auxesis
Spike was corrupt data, if your entry was in the spike, check with your broker.
so there was nothinng in UJ????


V
  • #27,212
  • Sep 21, 2011 1:38am Sep 21, 2011 1:38am
I went to Oanda EU -division from US. It is worse (EUdiv) when making orders from MT4. More than 5sec is not rare... But from FxTrade it is very good (less then second). And the MT4 is sometimes crazy... orders are still displayed despite i close it from FxTrade... loss is as profit... But at all criteria i am +/- satisfy... Regards
  • #27,213
  • Sep 21, 2011 6:13am Sep 21, 2011 6:13am
Quoting indianguyinny24
so there was nothinng in UJ????


V
My bad, thought you were talking about the +/-200 Swiss spike. Yen spike was legit, my guess BOJ firing a warning shot due to the action on the $Y.
  • #27,214
  • Sep 21, 2011 6:17am Sep 21, 2011 6:17am
Some might find this interesting, from a global/macro perspective. A picture and a ticker...

http://www.economist.com/content/global_debt_clock
  • #27,215
  • Sep 21, 2011 7:40am Sep 21, 2011 7:40am
Quoting Setebos
Some might find this interesting, from a global/macro perspective. A picture and a ticker...

http://www.economist.com/content/global_debt_clock
Thnak you!

Do you like Fanta?

See this one:

http://www.nanex.net/Research/fantas...taseconds.html

Rgs,

Textor
  • #27,216
  • Sep 21, 2011 8:37am Sep 21, 2011 8:37am
Quoting auxesis
My bad, thought you were talking about the +/-200 Swiss spike. Yen spike was legit, my guess BOJ firing a warning shot due to the action on the $Y.
V,

something to ponder............

3k's are finally back at or under post intervention levels on the Yen. 76.00 seems to be the line in the sand for the $Y, Euro's under 105.50 which is understandable in light of the current mess over there, Cable's at a double bottom off the 119 level from 2009.

Somewhere around here is the pain threshold for the BOJ, the basket can't fall much more imho, levels can be adjusted for individual strength of any single pair of the three, but none can drop far without a bump form the others balancing the basket.

Anything can happen, but any spikes below these levels are nice longing areas imho............

fwiw.

regards
  • #27,217
  • Sep 21, 2011 9:00am Sep 21, 2011 9:00am
Quoting auxesis
V,

something to ponder............

3k's are finally back at or under post intervention levels on the Yen. 76.00 seems to be the line in the sand for the $Y, Euro's under 105.50 which is understandable in light of the current mess over there, Cable's at a double bottom off the 119 level from 2009.

Somewhere around here is the pain threshold for the BOJ, the basket can't fall much more imho, levels can be adjusted for individual strength of any single pair of the three, but none can drop far without a bump form the others balancing the...
I totally agree on this and had been longing whenever UJ gone below 76.40 and taking profit around 76.70 level as dont see BOJ foot steps yet...

but just one thing.... more i trade ...more i realize that its not about how much position at what point you have...whats IMP is are you in control all the time...

So adding to what you said i like to add to positions till i know i can be in control...

so far UJ...EU..AU all have been giving enough signs...

V

PS: BTW i am still waiting auxesis
  • #27,218
  • Sep 21, 2011 10:32am Sep 21, 2011 10:32am
Any news on Chief

V
  • #27,219
  • Sep 21, 2011 1:28pm Sep 21, 2011 1:28pm
Quoting textor
Thnak you!

Do you like Fanta?

See this one:

http://www.nanex.net/Research/fantas...taseconds.html

Rgs,

Textor
So time travel is possible after all
  • #27,220
  • Sep 21, 2011 1:47pm Sep 21, 2011 1:47pm
Quoting Setebos
So time travel is possible after all
Money is so fearful, that runs faster than time ....

Rgs,

Textor
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