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Technical Analysis Fallacy

  • #28,961
  • Nov 15, 2011 11:31am Nov 15, 2011 11:31am
Quoting fti
Hi Gefx,

yes markets behaving badly already with so many wildcards playing, peeps very risk adverse.
This terrain only punters dare thread.
I punt a little and made some pips on large quickies.
I am ok, except that energys very low and no stamina, also being told i getting become cranky old man.
Nothing much happening on my front, except many friends seems falling sick and 1 more family died.
I am very sickly, but beats dying, doesn't it?

I sure hope all the experts start putting their heads together find a solution for the euro.
Otherwise...
No market to trade? I hope that doesn't happen. I can't imagine preparing myself for 2 yrs to go full time, only to find that fx trading is over
  • #28,962
  • Nov 15, 2011 2:46pm Nov 15, 2011 2:46pm
Quoting N_Trader
No market to trade? I hope that doesn't happen. I can't imagine preparing myself for 2 yrs to go full time, only to find that fx trading is over
I had few good trades in EU today even in this chop. I must say that after speaking to Niels I got charged up. although the trades were long which was against the short bias but came out with positive.
  • #28,963
  • Nov 15, 2011 6:16pm Nov 15, 2011 6:16pm
Thank you fti, I now understand.
  • #28,964
  • Nov 15, 2011 7:42pm Nov 15, 2011 7:42pm
Quoting simpleman
I had few good trades in EU today even in this chop. I must say that after speaking to Niels I got charged up. although the trades were long which was against the short bias but came out with positive.
Hi Simpleman,

Are you planning to do this full-time too? Seems like you are picking up fast. For me, mindset would be the toughest hurdle... You have to keep taming it.

Regards
Jonathan
  • #28,965
  • Nov 15, 2011 8:08pm Nov 15, 2011 8:08pm
Anyone watching right now? Seems like nothing stopping the EUR weakness right now, I wonder how far it will go??
  • #28,966
  • Edited 9:13pm Nov 15, 2011 8:51pm | Edited 9:13pm
stop wondering and start profitaking before tokyo goes lunch.
market just crossed a phyco handle in thin trades.

regards

If you really want know hoe far markets can go.
Then you need go find a gypsy with crystal balls, or consult fortune tellers in HK.
When life line crosses fate line on palm then will meet angel of death.
(everyday my lifeline crosses my fate line on my palm, so what should I do?)
or when saturn crosses Ur anus.
oops maybe thats day peeps turns queer. so it goes.
but for now no let profits run, can run into a loss , you know?
Is very volatile.
Too Big to be wrong vs Unable see reality.
"Large ships difficult turn course, small boats afraid of fierce waves."
  • #28,967
  • Nov 15, 2011 9:04pm Nov 15, 2011 9:04pm
Quoting fti
stop wondering and start profitaking before tokyo goes lunch.
market just crossed a phyco handle in thin trades.

regards

If you really want know hoe far markets can go.
Then you need go find a gypsy with crystal balls, or consult fortune tellers in HK.
When life line crosses fate line on palm then will meet angel of death.
or when saturn crosses Ur anus.
oops maybe thats day peeps turns queer. so it goes.
Well said!
  • #28,968
  • Nov 15, 2011 9:13pm Nov 15, 2011 9:13pm
Fti, you say the markets have crossed an important level, during thin trading, what information if any does this suggest to us as traders? Usually at these hours the market does not tend to make these pushes, could this suggest a volatile day ahead? or something else? or is just another part of the dance and all we do is attempt to follow. ? I guess if nothing else it shows a lot of dollar strength right now?

thanks

Quoting fti
stop wondering and start profitaking before tokyo goes lunch.
market just crossed a phyco handle in thin trades.

regards

If you really want know hoe far markets can go.
Then you need go find a gypsy with crystal balls, or consult fortune tellers in HK.
When life line crosses fate line on palm then will meet angel of death.
or when saturn crosses Ur anus.
oops maybe thats day peeps turns queer. so it goes.
but for now no let profits run, can run into a loss , you know?
Is very volatile.
Too Big to be wrong vs Unable see reality....
  • #28,969
  • Edited 9:39pm Nov 15, 2011 9:17pm | Edited 9:39pm
Quoting Acs_112
Fti, you say the markets have crossed an important level, during thin trading, what information if any does this suggest to us as traders? Usually at these hours the market does not tend to make these pushes, could this suggest a volatile day ahead? or something else? or is just another part of the dance and all we do is attempt to follow. ? I guess if nothing else it shows a lot of dollar strength right now?

thanks
To be honest, no one really knows.

Strategically, is clever take 75% profits and use the foreigncap see if can ride another wave down.
Also that allows you leeway if a strong rally comes to reposition for nice shorts.

Whats there to follow?
markets going to be stalled for lunch soon.

This i know as a fact.
Goldman 's donkey is on the plate. So what they want to do?
That will direct markets.
they cut loss and all hell breaks loose.
too big to cut?

where their sell stops.
oops at below 1.35
If i was a bank, I would rally the market 50 pips, and cut smaller loss.
but they not me
even money changers know how play screen prices.
why not banks?

Where do you think all the interbank screen bump quotes comes from?
neverending problem, a real pain in the behind.
desperados vs the nervous.

regards

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  • #28,970
  • Edited 10:16pm Nov 15, 2011 9:52pm | Edited 10:16pm
Lunch entertainment .
Courtesy of Le couple.

Inserted Video


and janis

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  • #28,971
  • Edited 11:54pm Nov 15, 2011 11:12pm | Edited 11:54pm
ok now with full stomach.
you start look out for signs.
Signs if a tsunami is at hand.
If you see waves coming then act.
not be like deer in head lights with paralysed thoughts.

Inserted Video


and watch out for frankfurt. they will show at 3:30 due to winter zone.
you maybe stepping on sensitive toes.
if thay do this, do this
if they do that, then do that.
best stop acting like a crystal ball.
and stop thinking that you had the world all figured out.
Instead have all sorts effective strategies and follow the world.
if timed out, regroup and realign, use resources properly.

You know why goldsman got on the plate?
because they thought they had the crystal ball.
now is broken balls.
and i heard that citi is pining gold's donkey to the wall.
lets see who gets pinned.
1.4 euros.
ya , sure.
Euro is in such good shape, why not.
I love see fools do baseless gambles.
Is good marketing advertisement gambit, sure caught my attention.
the wannabe rigid analyst.
  • #28,972
  • Nov 16, 2011 12:09am Nov 16, 2011 12:09am
going to be interesting when london kicks in.

Looks like it might be going again!!
  • #28,973
  • Edited 12:28am Nov 16, 2011 12:15am | Edited 12:28am
Quoting Acs_112
going to be interesting when london kicks in.

Looks like it might be going again!!
not know yet.
we watch
watch franfurt, london, ny then b of J
The ram we ram, they pause we, run stand at curb and wait reactions.


regards

i hope my friend copes well at the hospital.so sad.
sorry. My mind's every where at once.
Need stable down and focus.
  • #28,974
  • Edited 1:00am Nov 16, 2011 12:46am | Edited 1:00am
Good Morning Fti and Friends! Just quick coffe and stick to the charts again. It is interesting when one become trading as daily routine
(but sometimes...i feel still like that white laboratory mousie in it:-))
  • #28,975
  • Nov 16, 2011 1:38am Nov 16, 2011 1:38am
Quoting N_Trader
Hi Simpleman,

Are you planning to do this full-time too? Seems like you are picking up fast. For me, mindset would be the toughest hurdle... You have to keep taming it.

Regards
Jonathan
Hi Jonathan,

Yes, I am planning to do it full time, but just like you I will give couple of years time to accumulate some equity.
Thanks
  • #28,976
  • Nov 16, 2011 1:43am Nov 16, 2011 1:43am
http://www.reuters.com/article/2011/...7MF04Y20111115


I have question ..

BOJ last time intereved at 100 Billion(some definately came in my pocket ) $... lets say if we hit the level(75.30) again so where did that 100 billion went...speculators...

then once BOJ interved again speculators will take away there money and get more stronger....

makes me think this book...

http://www.amazon.com/Richest-Man-Ba...1429566&sr=8-1

V

PS:.... a message

Inserted Video
  • #28,977
  • Nov 16, 2011 1:44am Nov 16, 2011 1:44am
Quoting simpleman
Hi Jonathan,

Yes, I am planning to do it full time, but just like you I will give couple of years time to accumulate some equity.
if lack $$$
then learn skills.
alternative is to try look for position trade for financial institutions.
they always need good traders with immaculate trading track record.
don't be demanding, just work for peanuts.
no one can keep good traders down.
If your boss not spot your talents, then someone else's boss will.


regards
  • #28,978
  • Nov 16, 2011 1:58am Nov 16, 2011 1:58am
Quoting indianguyinny24
http://www.reuters.com/article/2011/...7MF04Y20111115


I have question ..

BOJ last time intereved at 100 Billion(some definately came in my pocket ) $... lets say if we hit the level(75.30) again so where did that 100 billion went...speculators...

then once BOJ interved again speculators will take away there money and get more stronger....

makes me think this book...

http://www.amazon.com/Richest-Man-Ba...1429566&sr=8-1

V

PS:.......
thanks.
so is true.
yen will be dealth with.
now question is timing.


what you saying?
theyy ops makes money for boj la.
When boj intervenes.
they get buy the cheapest usd/yen.
even i cannot buy cheaper usd/yen then they.

is the naughtys that lost. The rigid naughtys.



regards
  • #28,979
  • Nov 16, 2011 2:06am Nov 16, 2011 2:06am

cable market makers think we stupid or what
every one can see the euro cable tear.

set trap also not know how set properly.
  • #28,980
  • Nov 16, 2011 2:07am Nov 16, 2011 2:07am
Quoting fti
thanks.
so is true.
yen will be dealth with.
now question is timing.


what you saying?
theyy ops makes money for boj la.
When boj intervenes.
they get buy the cheapest usd/yen.
even i cannot buy cheaper usd/yen then they.

is the naughtys that lost. The rigid naughtys.



regards

i dont know this is rigidty or terrain...3rd time this year...if managed properly it gives you good return or truckload return...and people used to see once in 5-10 years we have been lucky enough to watch this 3 times this year and i think i ahve seen personally 4 times ...

some how MO is very different when they intervene..opening a large position for long still takes GUTS for me it can only be done when BOJ is behind you...

V

PS: Chief...Thanks....
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