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Technical Analysis Fallacy

  • #29,061
  • Nov 17, 2011 5:35am Nov 17, 2011 5:35am
Quoting auxesis
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....
I think you are 100% correct. The market is not expecting anything from the super committee next week, and it will not be surprised nor dissappointed. The US budget issue will be settled in November 2012. I don't think the market is waiting for this.

I view this as the market slowly digesting the situation as it develops in Europe. Vested intersts are holding the euro up, and those interested in driving the euro into the ground are finding it a real fight. The bond market will prevail here, so watch it closely. It is telling us where we are headed in the medium term.

IMHO.
  • #29,062
  • Edited 5:46am Nov 17, 2011 5:36am | Edited 5:46am
Oanda quoting a max 2 pips spread on major news release? this is unbelievable! seems like their MM are on the sidelines too. lol.

false breakout for e??

ok, mayb it's just constipated....

my subconscious tells me that something is seriously wrong.. 3 yrs with oanda and i've never seen a 2 pips spread on major!!!
  • #29,063
  • Nov 17, 2011 5:42am Nov 17, 2011 5:42am
i thought 2012 end of world could be water or fire tsunami.
now i see.
Is world wide tsunami of stupidity.
Systemic failure of stupidity.
That surely ends the world.


regards
  • #29,064
  • Nov 17, 2011 5:48am Nov 17, 2011 5:48am
Quoting fti
is now you lose whatever you do.
long also lose short also lose.

i thought 2012 end of world could be water tsunami.
now i see.
Is world wide tsunami of stupidity.
That surely ends the world.


regards
I am squared, chief. seems not going anywhere...

ok la... since no party, i will go take my dinner.
  • #29,065
  • Nov 17, 2011 5:49am Nov 17, 2011 5:49am
Enlightening as usual .
  • #29,066
  • Nov 17, 2011 5:53am Nov 17, 2011 5:53am
Quoting N_Trader
I am squared, chief. seems not going anywhere...

ok la... since no party, i will go take my dinner.
you still not understand.
Is pegged.
they just pretend there's a market


regards

You sure you can get food with money?
iF I WAS FOOD SELLER, ONLY SELL YOU FOOD FOR GOLD.
thank God, you lucky i not food seller.
  • #29,067
  • Nov 17, 2011 5:58am Nov 17, 2011 5:58am
Quoting fti
you still not understand.
Is pegged.
they just pretend there's a market


regards

You sure you can get food with money?
iF I WAS FOOD SELLER, ONLY SELL YOU FOOD FOR GOLD.
I got you chief.. I just don't understand how they can do it alone. Unless all 3 kingdoms in cahoots? Otherwise, surely the guy with the biggest muscle wins... no?

regards

still some rice left to cook. they still accepted my paper then
got to ration a bit now...
  • #29,068
  • Nov 17, 2011 6:09am Nov 17, 2011 6:09am
damn freaky !!!!
  • #29,069
  • Nov 17, 2011 6:11am Nov 17, 2011 6:11am
Quoting N_Trader
Oanda quoting a max 2 pips spread on major news release? this is unbelievable! seems like their MM are on the sidelines too. lol.

false breakout for e??

ok, mayb it's just constipated....

my subconscious tells me that something is seriously wrong.. 3 yrs with oanda and i've never seen a 2 pips spread on major!!!

I 'll make you choice price.
same price to buy or sell.

Anyway what you selling or buying is worthless.
so is same for me.
what i sell or buy is also worthless.

regards
  • #29,070
  • Nov 17, 2011 6:16am Nov 17, 2011 6:16am
Quoting fti

I 'll make you choice price.
same price to buy or sell.

Anyway what you selling or buying is worthless.
so is same for me.
what i sell or buy is also worthless.

regards
looks like end time prophecy is true. In the end, it will be a one world currency and only those with the mark of the beast can buy anything. what is gold now? 999 gold? or 666?

ok, pls pardon my crap. It's been a disappointing night, so bear with me

regards
  • #29,071
  • Nov 17, 2011 6:21am Nov 17, 2011 6:21am
SOOOOOO tempted to scalp the market... but i know i'm not nimble enuf for this yet. Will end up as pig.
  • #29,072
  • Nov 17, 2011 6:27am Nov 17, 2011 6:27am
Quoting N_Trader
SOOOOOO tempted to scalp the market... but i know i'm not nimble enuf for this yet. Will end up as pig.
me too.
I better go lay down and be a pig, before this heart gives up.

regards
  • #29,073
  • Nov 17, 2011 6:35am Nov 17, 2011 6:35am
Quoting fti
me too.
I better go lay down and be a pig, before this heart gives up.

regards
lol. rest well chief. I would want to see you around for a long long time
  • #29,074
  • Nov 17, 2011 7:36am Nov 17, 2011 7:36am
I had a best day today with day trading in the morning with lots of scalping trades, so much volatility looks like they are trying to squeeze out shorts and then back down again.
  • #29,075
  • Nov 17, 2011 8:42am Nov 17, 2011 8:42am
Quoting auxesis
Gold crashing, news out in a few minutes, buckle up your seat belts boys and girls, it;s about to get bumpy

Let's roll! Been bored to death so far this morning.

Mike
  • #29,076
  • Nov 17, 2011 5:17pm Nov 17, 2011 5:17pm
Is this a hint of what IS happening?

http://www.cnbc.com/id/45344815

The only question is, why is euro bullish if this is happening? But this would explain why the price are stubbornly not breaking through resistance.
  • #29,077
  • Nov 17, 2011 6:13pm Nov 17, 2011 6:13pm
I wish to thank everyone contributing to this thread
I have been researching forex trading for some time
Looking for holly grail in TA
I found nothing that made sense until I came across this Thread
There is a saying [ when the student is ready The master will appear ]
Thank you all especially FTI and leighsww for starting this thread
Please also thank everyone for there contribution to this.
I have only been trading a demo acct but because of what i have learned here I think i am ready to play with the real thing.
Maybe I will be able to add something to this wonderful thread, if only my thoughts.
Again thanks to all here

Gourdman
  • #29,078
  • Edited 8:12pm Nov 17, 2011 6:16pm | Edited 8:12pm
Inserted Video


Lyrics Translation.

Is not possible tell truth from deception.
Humans are deceived.
Selfish to share prosperity
Even of a little drop of it.

Frogs in a well.
Wishing for prestige.
Self centered and short sighted.
Who can foresee their castle become a dilapidated wreck.

Whatever fate provides,
you shall gain.
That which is not destined,
is not wise to force desire (covert).

Thunders and lightlings of life,
There is no need fear them.
With clear concience and a good mind.
Do good always.

Whatever fate provides,
you shall gain.
That which is not destined,
is not wise to force desire.

Humans are like sands on a shore.
There is no need for fear.
Enjoy the beautiful glow of the sunsets.
Like everything else it will just disappear like a mist.
  • #29,079
  • Nov 17, 2011 6:35pm Nov 17, 2011 6:35pm
Hi all,
Just stopping by to say hi and thank fti and others for the information on this thread. I've been reading it on and off for several days now, and the insight into how the market works behind the scenes is invaluable.
  • #29,080
  • Nov 17, 2011 6:56pm Nov 17, 2011 6:56pm
I have a question for FITI or anyone else who can provide insight. I have read about the the different levels down to retail. And I have read here where Fiti has said that it is a battleground for the main players where he was. My question is, it doesn't seem to be a batteground in the retail space. I have had 3 different vendor demos running at the same time and one ECN's. All of them have the same pricing within 1 pip all the time. Now, if they were all using different banks, the pricing should be different. Since I don't believe in coincidences, it appears that all these vendors are using the same computer software to play the game. I would find it hard to believe that all these different traders can come up with the same prices. Can anyone illuminate me?
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