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Technical Analysis Fallacy

  • #27,581
  • Edited 1:02am Oct 10, 2011 12:43am | Edited 1:02am
Quoting Jaro
Hello Fti!
Nice to see you trading!
Probably will be slow day. Banks holidays in Canada and USA. But who knows, maybe China will make up for the last week holidays?
E/U stuck it the mid friday.
Feeling Better Today?
Jaro
ye jaro,
Mamood highlghted last week.
So i thought it would be good opportunity get back to shape.
the dancing should not get too wild.
And is good legging the ec crosses in good whippy ranges.
i not feel very optimistic about the euro situation and i believe that the cautious english may stand them in better stead.
So i tryng re-engage cautiously. it all depends on the dance.
watchng out for boj as well. So may redirect resources if they come hunting.

So how's you doing?


regards
  • #27,582
  • Oct 10, 2011 1:06am Oct 10, 2011 1:06am
Quoting fti
ye jaro,
Mamood highlghted last week.
So i thought it would be good opportunity get back to shape.
the dancing should not get too wild.
And is good legging the necessary crosses in good whippy ranges.

So how's you doing?


regards
Thanks for asking. I am doing not to bad. Did not loose my acc. yet.
Had a good month of Aug. Not bad in Sept. but also had couple of losses, one in each month. I am still learning. Only 5 months on live acc. Still baby- not by age- wish I was young. Well one day I will be....
Your health? Did you find PADMA?
  • #27,583
  • Edited 1:33am Oct 10, 2011 1:12am | Edited 1:33am
Quoting Jaro
Thanks for asking. I am doing not to bad. Did not loose my acc. yet.
Had a good month of Aug. Not bad in Sept. but also had couple of losses, one in each month. I am still learning. Only 5 months on live acc. Still baby- not by age- wish I was young. Well one day I will be....
Your health? Did you find PADMA?
No, my friend, i am doing the chinese hirudo thingy. In china is called baquan. Although is nearly 3000 years old practice,feels effective. Also doing the 312 thingy researched by the Peking University prof. In fact i stopped the blood thining as the medication seems unnecessary already. Now begining to feel energies returning abait slowly. Just need be careful not over extend my naughtyself.

Trade well, my friend.
God Bless.

regards

By the way, if you didn't noticed. We have a 14 years old trader with us. Redlion's prodigy. Is so nice of him , helping mentor young minds to their goals.
  • #27,584
  • Oct 10, 2011 1:16am Oct 10, 2011 1:16am
Quoting fti
No, my friend, i am doing the chinese hirudo thingy. Feels effective. Now begining to feel energies returning. Just need be careful not over extend my naughtyself.

Trade well, my friend.
God Bless.

regards
Thanks
Will try! You be carefull, no all night fights for you with the market!
Yes, I saw people who were using those creatures. Hope and pray that it will help you.
Blessings
  • #27,585
  • Edited 1:54am Oct 10, 2011 1:40am | Edited 1:54am
Quoting Jaro
Thanks
Will try! You be carefull, no all night fights for you with the market!
Yes, I saw people who were using those creatures. Hope and pray that it will help you.
Blessings
no, the sifu is not using the creatures. More trditional chinese moxacautery practices and alot of nerves work. My basics in Chi Qong helps. Now consumming much ginger, fungus and shitake(mushrooms). Alos lots lingzi. Thanks to imjscn, i have tons giant red dates. Also high grade honey. So i watching my blood sugar closely so as not get complications.

In fact sifu is monitoring the blood letting very closely and my blood pressure had improved substantially althought heart is still sub 30% functional.


regards
  • #27,586
  • Oct 10, 2011 2:01am Oct 10, 2011 2:01am
Hey and good morning fti & friends!

What a nice start into this new trading week, to see some old friends trading/dancing again.

Wish you all a great and successful week!
And never forget:
There is always a tommorrow.
So you do not need to rush anything

All the best,
Niels
  • #27,587
  • Oct 10, 2011 2:06am Oct 10, 2011 2:06am
dropping cable now
skewing euro shorts
  • #27,588
  • Oct 10, 2011 2:09am Oct 10, 2011 2:09am
Quoting MaMood
Hey and good morning fti & friends!

What a nice start into this new trading week, to see some old friends trading/dancing again.

Wish you all a great and successful week!
And never forget:
There is always a tommorrow.
So you do not need to rush anything

All the best,
Niels
Yo, Mamood
yes slowly and easily.
trying find the rhythm back.
now leaning on imjscn's rhythm,.
she's become very sharp.

regards
  • #27,589
  • Oct 10, 2011 2:10am Oct 10, 2011 2:10am
Quoting fti
dropping cable now
skewing euro shorts
There is some kind of positive mood in Eurozone this morning:
The Dexia Bank problem is "solved" by Belgium and France.
And Merkel seems to have recognized, that she should take the lead in developing a rescue concept for EURO-Crisis. It has taken a long time, but finally the international pressure forced her to accept that responsibility.

But market and the 3500 level will show us how strong the optimism really is ...

CU on the dancing floor!

Niels
  • #27,590
  • Oct 10, 2011 2:15am Oct 10, 2011 2:15am
Quoting MaMood
There is some kind of positive mood in Eurozone this morning:
The Dexia Bank problem is "solved" by Belgium and France.
And Merkel seems to have recognized, that she should take the lead in developing a rescue concept for EURO-Crisis. It has taken a long time, but finally the international pressure forced her to accept that responsibility.

But market and the 3500 level will show us how strong the optimism really is ...

CU on the dancing floor!

Niels
Thanks, noted.
There's signs the piece meal rescues coming on stream.
But the damage is rater wide spread.
Anyways nimble good.
no forcing as is holidays in various zones.
So expect the unexpected.


regards
  • #27,591
  • Oct 10, 2011 2:22am Oct 10, 2011 2:22am
Quoting fti
Thanks, noted.
There's signs the piece meal rescues coming on stream.
But the damage is rater wide spread.
Anyways nimble good.
no forcing as is holidays in various zones.
So expect the unexpected.


regards

Yeah - nimbleness and to have a good focus on the ladies and crosses is a good approach for now.

Perhaps a Tennessee-Waltz ....

CU
  • #27,592
  • Oct 10, 2011 2:51am Oct 10, 2011 2:51am
Swissey (USDCHF) and EURCHF seem to lead the show for now ...
  • #27,593
  • Oct 10, 2011 3:41am Oct 10, 2011 3:41am
Don't you hate missing the bus .
  • #27,594
  • Oct 10, 2011 3:48am Oct 10, 2011 3:48am
Quoting Atomic_Sheep
Don't you hate missing the bus .
No, cause I was in for some stops but left early
  • #27,595
  • Edited 5:37am Oct 10, 2011 4:59am | Edited 5:37am
Quoting MaMood
There is some kind of positive mood in Eurozone this morning:
The Dexia Bank problem is "solved" by Belgium and France.
And Merkel seems to have recognized, that she should take the lead in developing a rescue concept for EURO-Crisis. It has taken a long time, but finally the international pressure forced her to accept that responsibility.

But market and the 3500 level will show us how strong the optimism really is ...
hello mamood,

she took her responsibility by saying she will come with a plan at the end of oktober???.... for me it's not good enough ... i keep shorting the euro!!!

maybe markets are happy that a small country with no real goverment can ignore democracy and buy a big Dexia....
this is the only way.... ignore taxpayers and use their money to save banks

managed my scout up to 1.3675.... the top ?? i don't know
edit: scout 1.3595

trade well and kind greets, pax
even with my eyes open i cannot see everything
  • #27,596
  • Oct 10, 2011 5:28am Oct 10, 2011 5:28am
Quoting fti
Hi alrightfrank,
I am sorry to hear. Sadens me everytime i hear a trader gets clobbered.
But its the way of the markets. So I may need be very sad mostly, because more than 90% of the peeps gets clobbered.
All the losing is not necessary. But if thats whats required for ones's learning curve. So be it. Just not allow the bursting of accounts be fatal for you. What that not kills you, surely only makes you stronger.

Its a long journey, so take your time to learn what it takes , slowly. Thinking and internalising whats required as you troddle...
good morning fti
thank you so much for your kind words, i was tryin to locate some of your very first post i just realized it was omitted or deleted already, i felt so lucky for those who read it, i know it was a gem. however, as i continue to read the succeeding post i am really moved with your humility and sound principles in life, i can relate a bit coz i was also brought up with life teaching parables which i think common to us asians.
i am moving forward to hear and learn from your approach and trading syle, this is quite a huge thread, but im sure i could disect a lot of wisdom from you.
regards
frank
  • #27,597
  • Oct 10, 2011 5:31am Oct 10, 2011 5:31am
Quoting MaMood
There is some kind of positive mood in Eurozone this morning:
The Dexia Bank problem is "solved" by Belgium and France.
And Merkel seems to have recognized, that she should take the lead in developing a rescue concept for EURO-Crisis. It has taken a long time, but finally the international pressure forced her to accept that responsibility.

But market and the 3500 level will show us how strong the optimism really is ...

CU on the dancing floor!

Niels
can you pls advise me where can i get this valuable informations?
thank you so much
frank
  • #27,598
  • Oct 10, 2011 6:36am Oct 10, 2011 6:36am
trading in dexia shares will resume during luchtime around NOW... could mean some volatility???
even with my eyes open i cannot see everything
  • #27,599
  • Oct 10, 2011 7:28am Oct 10, 2011 7:28am
Quoting alrightfrank
can you pls advise me where can i get this valuable informations?
thank you so much
frank
Saving 1 european institution loading them with debt, and Euro wants rally to 1.4?
I don't know, who 's squeezing markets but not get sizd possitions ion a holiday.
Gets even thinner after NY lunch but tokyo opening tom will be interesting.I hope aftr lunch the common shares of Dex will sell off in orderly manner, now at least they need not panic, but question is will there be bids.


regards
  • #27,600
  • Edited 8:02am Oct 10, 2011 7:40am | Edited 8:02am
you can see clearly now?

when market feeds and manipulators of 1 side takes hold.
It goes on crazy frenzy feeding.
is not buyers in euro markets now.
is sellers stops, be they orders stops or account buyin by brokers.
Manipulation is very very evil.
The problem is the retail structure encourages it. Gives sharp leveraged swords in untrained hands.
To the skillful is very powerful tool.

So only very strong MM can survive, when on the wrong side.
Today i join those.
Only Full cash or well funded accounts or those that joined in the feeding will
come out alive.
For those that joined in , if not nimble enough, then swing back also can come in vacuum and take them out.
If your blotters are being monitored by computer market makers, then they will tend feed you the vacuum first, this because they need trap your profits, lest you escapes.
but if you are generous and yield, there is little the computer can do to you.
Most traders characters is to fight , they are disadvantaged.
Those who are not baby sitting, Then they play into the hands of fluck, determined by the hands of convenience.



regards

Now the bulls makes money.
then comes turn for bears.
Pigs they get slaughtered. both ways.
Dealers, they make it both ways. If they baby sitting her.

Investors, it doesn't matter for them, because they need be able take the heat either ways and both ways, due to the tenure of their trades.
Its those trader turning investors, thats the most worrying bunch, they normally ultimately become pigs, depending on their fear/anger /greed response.
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