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Technical Analysis Fallacy

  • #28,621
  • Edited 6:00pm Oct 31, 2011 5:29pm | Edited 6:00pm
Quoting snowly
I'm not angry due to forex; I've shorted at 111, tp at 108.5.

I'm angry, because, really, it's just another stealth propping of corps. The taxpayer pays for corporate profits. And it's exactly this that brought us here. And they don't even bother to try and dress it anymore - 2h, "com'on folks, cheap yen, everyone come take, done, thank you, buh bye, screw the taxpayer".

it's exactly because china pegged, dmk was turned to euro and the banks can't be nationalized when they fail that we're in the current mess.

And since I'm not a corporation...
Noted. Yes much frastration jugging wealth. The screws are really getting very tight, because the peeps suppose to guard the value, not seem able to manage it too well.
so values keep changing. In fact if you ask me, i think it should be much worst. So they still doing their job maintaining the levels, but the values had inflated away.Its better be debtor than creditors in this scenerio. No question.
In this context, then hedging is a necessity. And diversification of assets is important for store of value.
Buying a horse is not good idea. Most horse owners already, crying.

regards

This one's losing value fast and the meaty kind is full of shit to clean up.
Attached Image
  • #28,622
  • Oct 31, 2011 6:03pm Oct 31, 2011 6:03pm
"Current estimates suggest that the Japanese authorities bought between $100/$125 billion USD against the JPY during yesterday’s intervention and only stopped because they ran out of credit lines with the major banks."
  • #28,623
  • Edited 6:36pm Oct 31, 2011 6:07pm | Edited 6:36pm
Quoting M-H Trader
"Current estimates suggest that the Japanese authorities bought between $100/$125 billion USD against the JPY during yesterday’s intervention and only stopped because they ran out of credit lines with the major banks."
i see. thats not so important.
What i like know is what is their cost.
Lines can easily be fixed. We are not talking about fti, its the b of J , hor.

reading the chart, i would risk a guess of about 77 give take 50 pips

regards

Today i very eager see what the panda gonna do when the euro market weights on.
terrain is difficult because volatility is gonna be wild. so switching from one mind to another is gonna need much agility.
Timing is of essence.
so no hands holding, i will probably be jumping around like crazy fool.
got 2 suits ready, probably wear bear suit and horned cap
what kinda animal is that.
cable is very smart sitting on the fence.
aud has rates advantange for a little while.But for how long?
is high but nervous.
So all the big guns are going be on the field.
Good day for ants, they targeting the bold.
And for dealers not made budget yet, its last milk runs, before the snow comes home.
and darn, i have infection.
2 virus got into my computers.
OK gotta get the auxiliary comp ready.
  • #28,624
  • Oct 31, 2011 6:16pm Oct 31, 2011 6:16pm
Quoting fti
i see. thats not so important.
What i like know is what is their cost.
Lines can easily be fixed. We are not talking about fti, its the b of J , hor.

reading the chart, i would risk a guess of about 77 give take 50 pips

regards

Today i very eager see what the panda gonna do when the euro market weights on.
Not sure that is all i know. They will strike again though.
  • #28,625
  • Edited 7:04pm Oct 31, 2011 6:18pm | Edited 7:04pm
Quoting fti
i see. thats not so important.
What i like know is what is their cost.
Lines can easily be fixed. We are not talking about fti, its the b of J , hor.

reading the chart, i would risk a guess of about 77 give take 50 pips

regards

Today i very eager see what the panda gonna do when the euro market weights on.
huh
eq, force the market to take delivery last week and today it turns.
This could be painful.
Rgds
  • #28,626
  • Oct 31, 2011 6:32pm Oct 31, 2011 6:32pm
For crazy people:

“If people are making crazy decisions for crazy reasons then is the judgment of the market ever the right one?”

Kahneman says the market can cancel random errors, but cannot cancel systematic errors. What he means by this is that a market which is based on broad myths will essentially output the same erroneous result time and time again giving it the appearance of being “right”.

http://pragcap.com/is-the-judgment-o...-the-right-one

Rgs,

Textor
  • #28,627
  • Oct 31, 2011 6:33pm Oct 31, 2011 6:33pm
Quoting fti
NY lunch coming up soon. and Europe goes for dinner soon.
So not make them sleepy. They need eat.

Do you rememeber about what time BOJ came in markets, this morning?

regards
Morning Chief,

Sry I'm a little late to get back on this. Almost missed your qn until I reread the post.

I think it was 9am Sg time yest... Hmm... I didn't quite get the ultraman thingy.

Regards
Jonathan
  • #28,628
  • Oct 31, 2011 6:39pm Oct 31, 2011 6:39pm
Quoting textor
For crazy people:

“If people are making crazy decisions for crazy reasons then is the judgment of the market ever the right one?”

Kahneman says the market can cancel random errors, but cannot cancel systematic errors. What he means by this is that a market which is based on broad myths will essentially output the same erroneous result time and time again giving it the appearance of being “right”.

http://pragcap.com/is-the-judgment-o...-the-right-one

Rgs,

Textor
Right, wrong, doesn't matter whats right one min can be 180 degress the next.

regards
  • #28,629
  • Oct 31, 2011 6:41pm Oct 31, 2011 6:41pm
Quoting jacson101
See that too,huh
eq, force the market to take delivery last week and today it turns.
This could hurt very very much.
Rgds
yeah, lets see.
anyone wants be master of the universe?

regards
  • #28,630
  • Oct 31, 2011 6:47pm Oct 31, 2011 6:47pm
Hi Chief,

GU seems to be doing something different from UJ and EU. Not in sync...
The right time to strike would be when the stars are aligned?

Arrgghh... I got to go work, can't join in the fun

But I'll be keeping watch of the moves on my iPhone... hee

Regards
Jonathan
  • #28,631
  • Oct 31, 2011 6:55pm Oct 31, 2011 6:55pm
Quoting N_Trader
Hi Chief,

GU seems to be doing something different from UJ and EU. Not in sync...
The right time to strike would be when the stars are aligned?

Arrgghh... I got to go work, can't join in the fun

But I'll be keeping watch of the moves on my iPhone... hee

Regards
Jonathan
ya watch where you walking.
no bulldoze any woman or kid.

Ya ya go study astrology, we'll sit and wait.
would be most optune time when saturn crosses ur anus

regards
  • #28,632
  • Oct 31, 2011 7:07pm Oct 31, 2011 7:07pm

ok now everyone knows.

http://www.telegraph.co.uk/finance/f...scue-deal.html

now is panda's call.

regards

no this does it.
http://www.telegraph.co.uk/finance/f...Samaritan.html
  • #28,633
  • Oct 31, 2011 7:15pm Oct 31, 2011 7:15pm
Quoting fti

ok now everyone knows.

http://www.telegraph.co.uk/finance/f...scue-deal.html

now is panda's call.

regards
http://bilbo.economicoutlook.net/blo...727#more-16727

The ideology that caused the problem cannot be its solution


All the economic news at present is bad. Eurostat released its latest labour force data which shows that the Euro area unemployment rate has risen to 10.2 per cent in September 2011 (0.1 rise over the year) which shows how persistent the crisis is in that region and that is is slowly getting worse. The OECD has released a Special G20 Briefing Note which declares the world economic outlook to be gloomy and decisive action is needed although their policy recommendations will make things gloomier. A major financial company (MF Global) has gone bankrupt, partly as a result of their bond market exposure in Europe (haircuts?) and most disturbingly, the ILO has just released a – G20 Briefing – which was co-published by the OECD and predicts a “massive jobs shortfall among G20 members by next year” if the current slow-down in the world economy continues. There is a major demand (spending) shortfall in the advanced economies and only one sector that can do something about it – the public sector. But politicians are being pressured to spend less. I cannot understand how we have been so caught up in an ideology that caused the problem in the first place and is now being seen as the solution despite all evidence to the contrary.

Rgs,

Textor
  • #28,634
  • Oct 31, 2011 7:29pm Oct 31, 2011 7:29pm
Quoting textor
http://bilbo.economicoutlook.net/blo...727#more-16727

The ideology that caused the problem cannot be its solution


All the economic news at present is bad. Eurostat released its latest labour force data which shows that the Euro area unemployment rate has risen to 10.2 per cent in September 2011 (0.1 rise over the year) which shows how persistent the crisis is in that region and that is is slowly getting worse. The OECD has released a Special G20 Briefing Note which declares the world economic outlook to be gloomy and decisive...
Damned.
MF= refco
again?

regards
  • #28,635
  • Oct 31, 2011 7:30pm Oct 31, 2011 7:30pm
Quoting fti
ya watch where you walking.
no bulldoze any woman or kid.

Ya ya go study astrology, we'll sit and wait.
would be most optune time when saturn crosses ur anus

regards

So far so good. No bulldozer anyone yet.

I'll stick to Tango instead of astrology. Wouldn't wanna lose my @s s

Thanks for the 2 articles. Now we know panda power
  • #28,636
  • Oct 31, 2011 7:36pm Oct 31, 2011 7:36pm
Bond markets seem to be voting against the Euro stability deal from last week, with Italian bond yields rising today as an example. Equity markets in the US moved south, the Fed meets this week to possibly hint at QE3, and another jobs week in the US. G20 meeting to top it all off. LOL -- could things get more interesting? Trading the next few days will not be for the faint of heart. Who will follow the B of J and move next?

fti, perhaps it is time to sound battle stations? Of course, no one would blame a trader for jumping in a fox hole and keeping their a** covered -- lol!
  • #28,637
  • Oct 31, 2011 7:54pm Oct 31, 2011 7:54pm
Quoting fti
Damned.
MF= refco
again?

regards
Just in case anyone asked...

http://en.wikipedia.org/wiki/Refco
  • #28,638
  • Oct 31, 2011 7:54pm Oct 31, 2011 7:54pm
Quoting GEfx
Bond markets seem to be voting against the Euro stability deal from last week, with Italian bond yields rising today as an example. Equity markets in the US moved south, the Fed meets this week to possibly hint at QE3, and another jobs week in the US. G20 meeting to top it all off. LOL -- could things get more interesting? Trading the next few days will not be for the faint of heart. Who will follow the B of J and move next?

fti, perhaps it is time to sound battle stations? Of course, no one would blame a trader for jumping in a fox hole and...
oops, my donkey already exposed.
only a little
  • #28,639
  • Oct 31, 2011 7:56pm Oct 31, 2011 7:56pm
Quoting GEfx
Bond markets seem to be voting against the Euro stability deal from last week, with Italian bond yields rising today as an example. Equity markets in the US moved south, the Fed meets this week to possibly hint at QE3, and another jobs week in the US. G20 meeting to top it all off. LOL -- could things get more interesting? Trading the next few days will not be for the faint of heart. Who will follow the B of J and move next?

fti, perhaps it is time to sound battle stations? Of course, no one would blame a trader for jumping in a fox hole and keeping...
Wow... sounds exciting.

Can some kind souls post a few updates during battle? I can't join in atm, but I really hope to feel the dance...
  • #28,640
  • Oct 31, 2011 7:58pm Oct 31, 2011 7:58pm
Quoting fti
oops, my donkey already exposed.
only a little
Chief, a little update of the progress, pls....
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