The whole world need pray 1.3 euro doesn't cracks
trade carefully.
watch your exposure like a hawk.
eagle eyes , my friends.
regards
Hi FTI, Glad to see you posting again.
Cheers.
Technical Analysis Fallacy
I'm really happy to see you on here again fti. I hope you are feeling a little more active nowadays.
I know you advise against working with others when trading but I have taken on a new partner. I have attached a picture of her keeping an eye on the Tokyo open on Bloomberg for me this morning while I was in the shower
- #27,343
- Edited 2:34am Oct 4, 2011 2:08am | Edited 2:34am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
no my friend.
I said attack with good MM.
Use good money strategies in this expedition
Already winner why need charge?
Any way there is manipulation for stability in markets.
Nevertheless still manipulation.
Some one or thingy is trying curb "speculation".
I think more like systemic failure.
Manipulators will always die or get their donkeys on the platter.
Its nice to be watching from distance.
Here is best lessons.
Patience and pure managing.
No greed no fear, if want be ahead.
If it ain't broken , don't tweak it.
Something gains, some thing...
.A question on manipulation: how can it be detected by looking at a chart? Heard you mention before that you saw someone doing it I think when the market was thin or very volatile. Also, if you don't mind, please explain your meaning of the word "manipulation" in this context...thanks.
About trading against the trend (a downtrend)...have seen situations where there was a trade against the trend, and the price almost never came back to cross that price level. It's like it became an absolute resistance level to the dealer or whomever. Seems like it might be standard practice on the part of the dealer/dealers to help protect their book/s...money in the bank to them. If someone is against the trend, it appears that the "market" does its best to lock them out of ever being profitable if they are waiting for price to cross their entry level, and may even set things up to entice a trader to go long in the first place.
Thanks again for all you have shared and wish you continued recovery.
FX4
Trade what you see, not what you think or feel. Let the market come to you.
- #27,344
- Oct 4, 2011 2:58am Oct 4, 2011 2:58am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
You have said a mouthful there FTI...such good advice! Don't know of another place a trader can go to get the trading wisdom that you have shared and continue to share. I suppose we all wish we had the dealer experience and knowledge that you have. Instead we take the glimpses that we can get of how things are by understanding what we "should" do.
A question on manipulation: how can it be detected by looking at a chart? Heard you mention before that you saw someone doing it I think when the market was thin or very volatile. Also,...
To your question, this my opinion.Chartist and Analyst, they look at charts. Traders they also look at charts. Does the robots( although they help draw them).But humans have brains, robots only have brains in so far as to the skills of the coder. To humans when we look at charts there is that which the robots charts, that is the price. To humans they can see price, sentiment,underlying fundementals and also feel the state of the greed/fear situation. It is likely that it may be possible code all this but the dynamics of the corelations makes it difficult , if not impossible, to code all possible scenerios. I feel this may be the deviding line between experienced traders and newbies. Newbies have tendency to behave llike robots due to bad training or inexperience.
On the subject of manipulation. Be clear that markets are always being manipulated. Big fish eats small fishes all the time. But we must never foget that markets is the composite of the interest of everyone involved. So it doesn't matter how big the manipulator, if is against market composite sentiments, its MOT(matter of time) they bleed. How can someone let open the flood gates and dam the flow of nature. When that happens , the daming will only worsen the reprecussions to create greater e=mc2.
Manipulation to soften impact, by orderly distribution is white hat. But most manipulationwill have its reprecussions of over shooting markets , because of artificially created energy accumulation and blocks.
regards
- #27,345
- Edited 4:56am Oct 4, 2011 3:10am | Edited 4:56am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Hi FX4New,
Chartist and Analyst, they look at charts. Traders they also look at charts. Does the robots( although they help draw them).But humans have brains, robots only have brains in so far as to the skills of the coder. To humans when we look at charts there is that which the robots charts, that is the price. To humans they can see price, sentiment,underlying fundementals and also feel the state of the greed/fear situation. It is likely that it may be possible code all this but the dynamics of the corelations...
Thanks for your reply.
Yes, newbies may have the tendency to be robotic or mechanical in their thinking...not sure how the shift can occur or how they can be properly trained from the start. Robots can "see" but so much...humans have an advantage in many ways, so we must find the way to maximize that advantage. Seems like that might be a stronghold in the trader that would need direct attention to overcome.
Thanks also for the discussion on manipulation. Yes, going against the trend will have issues at one point or another for any trader. Keeping an eye out for over shooting markets might not be a bad thing. Artificially created energy accumulation and blocks? Not clear on your use of that term.
White hat? Old hat?
Take good care,
FX4
Trade what you see, not what you think or feel. Let the market come to you.
- #27,347
- Oct 4, 2011 5:46am Oct 4, 2011 5:46am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Hi mijamoto,
When in position, the ability to hold to correct mindset, distinguishes "the men from the boys."
regards
FX4
P.S. Continuing through the thread. Much to ponder and internalize
.
Trade what you see, not what you think or feel. Let the market come to you.
- #27,350
- Edited 6:56am Oct 4, 2011 6:22am | Edited 6:56am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Morning fti, hope you are feeling better. Looks like the euro is going to test that 1.30 level you mentioned in an earlier post, and the Europeans seem unable to fix their problems. The US Senate is going to pass a law to impose tarriffs on China goods due to currency manipulation, increasing the chance of a trade war. China manufacturing is slowing and they may be in for a hard landing. The world seems determined to find a way to destroy itself.
Gefx,Good to see you.
I think they will try scutter the shorts once or twice before the inevitable drop.
Yes trade war in the works. Its always like that. When in economic gridlock, always some pea brains fresh out of studies, will try think out ways to shoot their own foot. Then later discovers what a foley it was.
But don't you worry about china. Just look at the size of her domestic economy. Then just look at the consumer fiat economies with no real domestic muscle and you will understand. Well if they not want buy from china they can always buy chinese goods at markedup through 3 rd world economies. labeled, Made in Third world, from their china branch factories.
I think the official term is called OEM goods. my computer is US Lenovo, top of the range, made in thailand. Anyways , china's inflation is in top gear. High time it's dampen. Lesser foreign demand equates lesser imported inflation.
Trade well my friend.
regards
PS be aware, trichet is on his way out
hearing talks of 75 bp drop in euro rates.
and guess what?
hearing incumbant could be italian.
Greece??
- #27,352
- Edited 7:31am Oct 4, 2011 7:05am | Edited 7:31am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Oh,... and chet is going get last kiss from heli later today.
I sure hope the incumbant will try make a real CB out of this make shift marraige of convenience thingy. Its difficlt see how a marraige of 17 can work. 17 soverign nations 1 marraige, what a mess. but nice try, i guess.
I think they should revisit their MOUs. bIll calls it prenaptuals?
I sure hope the incumbant will try make a real CB out of this make shift marraige of convenience thingy. Its difficlt see how a marraige of 17 can work.
17 soverign nations 1 marraige, what a mess. but nice try, i guess.I think they should revisit their MOUs. bIll calls it prenaptuals?
- #27,354
- Oct 4, 2011 7:26am Oct 4, 2011 7:26am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Hello all after a long break,
... I worked very hard ... (E/U)
Nice to see the presence of FTI - your knowledge is invaluable given ... Thank you very much!
Regards
gart
hi gart, ahh work hard is good, work smart better?No need thanks , amongst friends.
trade well
regards
- #27,355
- Oct 4, 2011 7:58am Oct 4, 2011 7:58am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
thanks wall street, for the video.Someone woke up
ai ya so much frustration with reality.Inserted Video
regards
- #27,356
- Oct 4, 2011 8:53am Oct 4, 2011 8:53am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Austrian finance minister says if IMF were to stop aid to Greece, Austria can't pay loans either.
nethier will I.
regards
heard there was a CB bid on the 1.32 in stealth mode.
but seems market has their number tatooed on their bums.
everyone's sitting on it, so good luck whoever it was.
market loves free money.
nethier will I.regards
heard there was a CB bid on the 1.32 in stealth mode.
but seems market has their number tatooed on their bums.
everyone's sitting on it, so good luck whoever it was.
market loves free money.
- #27,357
- Oct 4, 2011 9:10am Oct 4, 2011 9:10am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
ai ya why no one has any good news?
EU delays final £7bn tranche of Greek bailout.
Oct. 4 (Bloomberg) -- European governments hinted that bondholders may be saddled with bigger losses on Greek debt.
the heli circus on.
ai ya they throwing everything on. oops kitchen sink spotted.
EU delays final £7bn tranche of Greek bailout.
Oct. 4 (Bloomberg) -- European governments hinted that bondholders may be saddled with bigger losses on Greek debt.
the heli circus on.ai ya they throwing everything on. oops kitchen sink spotted.
- #27,358
- Oct 4, 2011 9:36am Oct 4, 2011 9:36am
- | Joined Jul 2007 | Status: Trader | 2,994 Posts
ai ya why no one has any good news?
EU delays final £7bn tranche of Greek bailout.
Oct. 4 (Bloomberg) -- European governments hinted that bondholders may be saddled with bigger losses on Greek debt.
ai ya they throwing everything on. oops kitchen sink spotted.
...hows health and how you feeling......are you back in singapore or still at mum
place....
V
