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Technical Analysis Fallacy

  • #29,041
  • Nov 17, 2011 4:10am Nov 17, 2011 4:10am
Yer, I somehow doubt it's a single trader. I don't know how big various peoples bank account may get but this trading seems a bit too big for one person, I tend to agree with Fana, i.e. that it's likely something like the ECB causing the moves, but then again, what would I know .

Respect for Oanda has just increased drastically. Rare to see companies care about clients to this extent.
  • #29,042
  • Nov 17, 2011 4:14am Nov 17, 2011 4:14am
anybody shorting e?
  • #29,043
  • Nov 17, 2011 5:37am Nov 17, 2011 5:37am
Quoting N_Trader
Interesting advice by Oanda...

http://www.forexfactory.com/news.php?do=news&id=326375

I wonder what they have up their sleves
nothing.
is good advice. You chose, can either heed warning or if fall on deaf ears, is your business.
Now times when all sorts peeps bastardlising the market place , is not safe for inexperienced traders. Every one wants their way. Is hard believe even developed countries, when they are in trouble behaves just like or worst than communist countries. Every one thinks they are the best thing since apple pie.

Even many experienced traders will fall. Is hard deal with blatant manipulation of prices.
Just calculate the volatility. Is way off the scales already.


Free markets must be allowed its own means find its equilibrium.
Now everyone knows, the price levels all rigged. Markets pegged.
Even i can detect it.

regards
  • #29,044
  • Nov 17, 2011 5:37am Nov 17, 2011 5:37am
Happy trading day everyone. Markets are taking a break now so had a few minutes to catch up on TAF. Hope you are all trading well today. Waiting for a better signal on where we are going.

Lots of interesting news the last few days. I have become more cautious than I normally am. There are now too many warning signals flashing red to ignore. Very concerned about the next few weeks and months (maybe few years?). Should make for some good trading.
  • #29,045
  • Nov 17, 2011 5:40am Nov 17, 2011 5:40am
Quoting N_Trader
anybody shorting e?
Don't be so dang crazy.
US unemployment figures are due at 9:30

regards
  • #29,046
  • Nov 17, 2011 5:40am Nov 17, 2011 5:40am
Quoting Fana
....
- and if you are interested(i hope not), if ECB and Europeans can act like rogue traders, my answer is unfortunately for us here : YES.
Regards
Hi Fana!

http://www.forexfactory.com/showthre...64#post4954664

Rgs,

Textor
  • #29,047
  • Edited 6:21am Nov 17, 2011 5:41am | Edited 6:21am
Quoting Atomic_Sheep
Yer, I somehow doubt it's a single trader. I don't know how big various peoples bank account may get but this trading seems a bit too big for one person, I tend to agree with Fana, i.e. that it's likely something like the ECB causing the moves, but then again, what would I know .

Respect for Oanda has just increased drastically. Rare to see companies care about clients to this extent.
Is big hands trying cloud out the sky.
Love to see the bastards die like dogs.

Don't anyone detect it. Markets are behaving crazy.
is moving steadily for few pips and then wild swing up and down , while nothing is happening.
Is just being pegged to 1.35
This is manipulation, not acceptable in free markets.
Takes a communist mind, want control markets like this.

I am making pips , scalping the bastard.
But even , i feel angry at the bastards behaviour in the market place.

If they want peg the market , then be a CB.
come out in the open and say we are pegging it.

Even the BOj, when they think things getting out of hand.
They come out say we will defend our markets.
At least there is honour.

These bastards hide in the bushes and act like bandits.
manipulate markets when they suppose be regulating it.
Breaks every decent market code of conduct.

You know why this is happening.
Is because the bastards is no CB.
is some private entity they created., without proper jurisdiction.
Just doing their hidden agendas on the markets.
Is blatant manipulation. In fact is illegal manipulation.


regards
  • #29,048
  • Nov 17, 2011 5:43am Nov 17, 2011 5:43am
Quoting textor
Hi Fana!

http://www.forexfactory.com/showthre...64#post4954664

Rgs,

Textor
Hi Tex!
  • #29,049
  • Nov 17, 2011 6:21am Nov 17, 2011 6:21am
Quoting fti
Don't be so dang crazy.
US unemployment figures are due at 9:30

regards
Thanks for pointing out chief, I was aware of the upcoming news release. I only shorted very very small position for some quick pips. already out of market since.

Seems much support at 1.34xx.

I will heed your advice to stay on the sideline for the time being. Not nimble enuf for this manipulative moves

regards
  • #29,050
  • Nov 17, 2011 6:25am Nov 17, 2011 6:25am
Quoting fti
Is big hands trying cloud out the sky.
Love to see the bastards die like dogs.

Don't anyone detect it. Markets are behaving crazy.
is moving steadily for few pips and then wild swing up and down , while nothing is happening.
Is just being pegged to 1.35
This is manipulation, not acceptable in free markets.
Takes a communist mind, want control markets like this.

I am making pips , scalping the bastard.
But even , i feel angry at the bastards behaviour in the market place.

If they want peg the market , then be a CB.
come out in the open and...
Indeed, I was looking at the movement in much lower tf - 30s. And I couldn't figure it out. check the calendars, nothing, check the news, nothing. only oanda asking traders to stay out. lol

now i see what is really going on. thanks chief!

regards
  • #29,051
  • Nov 17, 2011 6:33am Nov 17, 2011 6:33am
Quoting N_Trader
Indeed, I was looking at the movement in much lower tf - 30s. And I couldn't figure it out. check the calendars, nothing, check the news, nothing. only oanda asking traders to stay out. lol

now i see what is really going on. thanks chief!

regards
every one knows the situation in europe.
and their predicament find a solution to solve it.
So far nothing real has come on the table.
If anything is taking out the establisment one by one.

There's important figures coming out later in US at 9:30.
And every one's waiting see if they can see markets then.
for now nothing is happening.
Just some big gun trying scalp market to pieces.
Those of you not tuned to the markets may become their scalps.
Esp those robotic cross line traders and the breakout traders.

regards
  • #29,052
  • Nov 17, 2011 6:43am Nov 17, 2011 6:43am
When CBs do market ops.
They are accountable and will inform markets of their actions.
It is market protocol.
Is these illegal not even banks, not even govt agency, thats coming in disrupting markets, with their own agenda in stealth mode.

Instead of steady markets, now just wild volatility.
Just look at tick charts, is big gapping everywhere.
If you calculate the prorata volatility, no market maker would want make price.



regards
  • #29,053
  • Nov 17, 2011 6:46am Nov 17, 2011 6:46am
Quoting fti
every one knows the situation in europe.
and their predicament find a solution to solve it.
So far nothing real has come on the table.
If anything is taking out the establisment one by one.

There's important figures coming out later in US at 9:30.
And every one's waiting see if they can see markets then.
for now nothing is happening.
Just some big gun trying scalp market to pieces.
Those of you not tuned to the markets may become their scalps.
Esp those robotic cross line traders and the breakout traders.

regards
reminds me of this story

http://www.forexfactory.com/showthre...84#post1751584
  • #29,054
  • Nov 17, 2011 7:01am Nov 17, 2011 7:01am
Quoting fti
When CBs do market ops.
They are accountable and will inform markets of their actions.
It is market protocol.
Is these illegal not even banks, not even govt agency, thats coming in disrupting markets, with their own agenda in stealth mode.

Instead of steady markets, now just wild volatility.
Just look at tick charts, is big gapping everywhere.
If you calculate the prorata volatility, no market maker would want make price.



regards
Hi fti, was wondering if the jumping around in the markets was a result of the ecb entering the market to support Italy, Spain, etc. Not sure what is happening or who is responsible, but my friends who are range traders are having a wonderful morning. Good trading!
  • #29,055
  • Nov 17, 2011 7:03am Nov 17, 2011 7:03am
I am not angry because of anything, except that this type of manipulation kills the markets.
When market liquidity fails, then primary dealers will refuse switch on consoles. I won't, if i find market without liquidity.
For small trades is fine. Retail size can hardly move markets 2 pips.
Is when trade hedges cannot find market. Then Situation will keep deterioating and ultimately market dies, without primary dealers on trades.
Then how will hedgers be able defray their risk portfolios.

Would you want make market for 100 mio, knowing that if hit, there's no way square the position?
Maybe best can get is 30 pips away?



regards
  • #29,056
  • Nov 17, 2011 7:09am Nov 17, 2011 7:09am
Hi friends,

maybe you'll stone be, but there might be a reason for EURUSD holding at theses levels, cause there is something ahead. You remember the US Debt-Ceiling thingy?


11:03 (Dow Jones) In a sense, US politicians' history of disappointing when it comes to dealing with the deficit might have set up a win-win scenario for the upcoming supercommittee deadline. The deadline is a week away, and investors expect to be disappointed. "By definition, that means no one would really be that surprised" if the group delivers a lackluster plan, said Brett Rose, head of fixed-income strategy at Citi. "It's almost like a one-way risk if, by some miracle, one of those entitlement-cut or revenue-hike plans come out of it."[...]


Disclaimer: Be aware of possible Cow Dung included ;-)
  • #29,057
  • Nov 17, 2011 7:21am Nov 17, 2011 7:21am
Quoting MaMood
Hi friends,

maybe you'll stone be, but there might be a reason for EURUSD holding at theses levels, cause there is something ahead. You remember the US Debt-Ceiling thingy?


[indent]11:03 (Dow Jones) In a sense, US politicians' history of disappointing when it comes to dealing with the deficit might have set up a win-win scenario for the upcoming supercommittee deadline. The deadline is a week away, and investors expect to be disappointed. "By definition, that means no one would really be that surprised" if the group delivers a...
Thats fine.
Its their politics and their behind.
What they want to do, we have no say.
but if someone holds markets of trillions and then on the nice monday markets can be few hundread pips away, how would you feel if you had millions exposed?
How would international businessness cope?

Why disrupt natural market flow?
Just let markets find her own equilibrium.
Either that or stop the dang markets and peg the dang currency.

regards
  • #29,058
  • Nov 17, 2011 7:22am Nov 17, 2011 7:22am
Quoting MaMood
Hi friends,

maybe you'll stone be, but there might be a reason for EURUSD holding at theses levels, cause there is something ahead. You remember the US Debt-Ceiling thingy?[indent]11:03 (Dow Jones) In a sense, US politicians' history of disappointing when it comes to dealing with the deficit might have set up a win-win scenario for the upcoming supercommittee deadline. The deadline is a week away, and investors expect to be disappointed. "By definition, that means no one would really be that surprised" if the group delivers a lackluster...
The super-committee will be deadlocked just like congress, neither party is willing to concede their points. Democrats want to raise taxes to cover shortfall, Republicans want spending cuts.

When the Super-committee fails to deliver, automatic tax increases and cuts go into effect which will enrage both parties as both will just point fingers at each other as it has been for the last several years....... neither party is willing to take the initiative to lead without a mandate from the populace, which will not happen until the next election.

This was known before hand when it was formed.....
  • #29,059
  • Nov 17, 2011 7:27am Nov 17, 2011 7:27am
Gold crashing, news out in a few minutes, buckle up your seat belts boys and girls, it;s about to get bumpy
  • #29,060
  • Nov 17, 2011 7:32am Nov 17, 2011 7:32am
Quoting fti
[...] how would you feel if you had millions exposed?
[...]
regards
Hi fti!

Cause you asked me:
I as a trader would feel that I might have been a little too predictce

But you are right: I do not like manipulated markets either!
But what can or shall we do????

Regards,
Niels
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