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Technical Analysis Fallacy

  • #29,481
  • Nov 29, 2011 9:14am Nov 29, 2011 9:14am
Fti, if i can ask slight quick question. I know that you mentioned it already, but when is the time Traders in banks and big boys finish their books for the year? I think it is beginning actuall now. I dont want to trade a thin market... Thank you
- today i finished in 0.8% profit... trading was OK, but i feel "no more trade today"... So i study and read books... and listening music...
  • #29,482
  • Nov 29, 2011 9:28am Nov 29, 2011 9:28am
Quoting Fana
Fti, if i can ask slight quick question. I know that you mentioned it already, but when is the time Traders in banks and big boys finish their books for the year? I think it is beginning actuall now. I dont want to trade a thin market... Thank you
- today i finished in 0.8% profit... trading was OK, but i feel "no more trade today"... So i study and read books... and listening music...
most books are already somewhat closed.
Those not do their budget would probably be packing their stuff already.
They would still do a little of this and that, if customers need prices.
One big event would be year end book closing after christmas and its party time until after the new year.

Now mostly only left deperados that fighting hold book, if flat for year.
But this year events in europe may stir volatility. Will never know.
trade if must but watch size .


regards
  • #29,483
  • Nov 29, 2011 9:35am Nov 29, 2011 9:35am
Quoting fti
most books are already somewhat closed.
Those not do their budget would probably be packing their stuff already.
They would still do a little of this and that, if customers need prices.
One big event would be year end book closing after christmas and its party time until after the new year.

Now mostly only left deperados that fighting hold book, if flat for year.
But this year events in europe may stir volatility. Will never know.
trade if must but watch size .


regards
Yes, thank you.
  • #29,484
  • Nov 29, 2011 11:06am Nov 29, 2011 11:06am
Quoting fti
yes had been.
was fighting the manipulator who bought much euro call options at 1.33 and 1.3250.

he trying use peoples money pay for the option premiums buy time to solve the euro problems.

So he hold euro up until his time money premium runs out. Then he will have a double wammy volatility plunge, if he cannot find amicable solution to his structural failure. Otherwise he need find more money pay for more premiums to buy time.

Thin year end markets, watch size.
seems the euro bonds market is broken,the rates gone to killing zone.
can't blame...
How do you know this? by just looking at the charts or inside friends?
  • #29,485
  • Edited 12:19pm Nov 29, 2011 12:06pm | Edited 12:19pm
Quoting M-H Trader
How do you know this? by just looking at the charts or inside friends?
Why do you ask?

the whole trading community is talking about it.
Too much holiday?

regards

Just in case you not know.
Now the whole world is awaiting the results of the brussels meeting.
and panda is buying euro wholesale at 1.3275.
Would you like sell them some?
seems everyones running for the door.
also seems like uk money is running home.
  • #29,486
  • Nov 29, 2011 12:08pm Nov 29, 2011 12:08pm
http://pragcap.com/john-taylor-the-e...death-struggle

Rgs,

Textor
  • #29,487
  • Nov 29, 2011 12:15pm Nov 29, 2011 12:15pm
Hi all,

back from a break i took from trading...actually should take it back...around holiday season there is ton of arbitrage oppurtunity in retail industry...

was enjoying my time doing shopping and making money as well...

kidna my hobby to look for arbitrage in TECH STUFF....

so gave myself a week break...no news nothing ...took fx out of my head...

In meanwhile anything changed...is EURO became stable yet.....didnt read any news so need to get in some mode now...

right now shorting AU with 1/10 of scout size....

V
  • #29,488
  • Nov 29, 2011 12:24pm Nov 29, 2011 12:24pm
Quoting fti
Why do you ask?

the whole trading community is talking about it.
Too much holiday?

regards

Just in case you not know.
Now the whole world is awaiting the results of the brussels meeting.
and panda is buying euro wholesale at 1.3275.
Would you like sell them some?
seems everyones running for the door.
also seems like uk money is running home.
I was just wondering because you said "euro call options at 1.33 and 1.3250." just wondering were you got that info from.
  • #29,489
  • Nov 29, 2011 12:24pm Nov 29, 2011 12:24pm
Quoting indianguyinny24
Hi all,

back from a break i took from trading...actually should take it back...around holiday season there is ton of arbitrage oppurtunity in retail industry...

was enjoying my time doing shopping and making money as well...

kidna my hobby to look for arbitrage in TECH STUFF....

so gave myself a week break...no news nothing ...took fx out of my head...

In meanwhile anything changed...is EURO became stable yet.....didnt read any news so need to get in some mode now...

right now shorting AU with 1/10 of scout size....

V...
nothing much.vic,
we all just joining the chinese classics music revival only.
seems everyone likes chinese music.
zoran likes the girls.

regards
  • #29,490
  • Nov 29, 2011 12:26pm Nov 29, 2011 12:26pm
Quoting fti
nothing much.vic,
we all just joining the chinese classics music revival only.
seems everyone likes chinese music.
zoran likes the girls.

regards
Nice...

BTW anyone knows hows Dutch Angel i have been thinking about her from morning....any idea how is she...


V
  • #29,491
  • Nov 29, 2011 12:29pm Nov 29, 2011 12:29pm
Quoting indianguyinny24
Nice...

BTW anyone knows hows Dutch Angel i have been thinking about her from morning....any idea how is she...


V
nope , not much.
last email she told me she fighting strong.
keep praying for her.
She's strong lady.

regards
  • #29,492
  • Nov 29, 2011 12:30pm Nov 29, 2011 12:30pm
So in my one week vacation i realized something...i was creating a backup server for my personal data...in this i needed couple of hard drives...now the hard drive prices are off the roof..why because of floods in thailand...and believe it or not what used to go for 40$ is goinf for like 110$ right now with year it looks same...

I relaized how much we are interdependent...how much we all need each other...its not who's big or small...its how much we are useless without each other and it bring a smile on my face....at the end like market we are nothing more then just a participant....


V

PS: anyone dont buy any hard drive yet if you can delay...prices are really wicked...
  • #29,493
  • Nov 29, 2011 12:33pm Nov 29, 2011 12:33pm
Quoting indianguyinny24
So in my one week vacation i realized something...i was creating a backup server for my personal data...in this i needed couple of hard drives...now the hard drive prices are off the roof..why because of floods in thailand...and believe it or not what used to go for 40$ is goinf for like 110$ right now with year it looks same...

I relaized how much we are interdependent...how much we all need each other...its not who's big or small...its how much we are useless without each other and it bring a smile on my face....at the end like market we are...

ai ya you worried about harddisk prices.
Do you know what the price of rice now?

I still wondering why God flooded the rice bowl of Asia.
Any thoughts.


regards
  • #29,494
  • Nov 29, 2011 12:36pm Nov 29, 2011 12:36pm
Quoting fti

ai ya you worried about harddisk prices.
Do you know what the price of rice now?

regards


lol...sorry...it was that i was looking for something that putted my eyes on it...

let me be a little shameless the price of food (whatever genetically modified they do).... hasnt gone very high in US....i know in India it is off the roof...sometime i am unable to comprehened how people survive there...

V
  • #29,495
  • Nov 29, 2011 12:40pm Nov 29, 2011 12:40pm
Quoting indianguyinny24


lol...sorry...it was that i was looking for something that putted my eyes on it...

let me be a little shameless the price of food (whatever genetically modified they do).... hasnt gone very high in US....i know in India it is off the roof...sometime i am unable to comprehened how people survive there...

V
like everyone else.
they struggle and adjust.

regards
  • #29,496
  • Nov 29, 2011 12:46pm Nov 29, 2011 12:46pm
Quoting fti
like everyone else.
they struggle and adjust.

regards

I was one of them....there was no other way then to adjust...it means walking 7 miles to save 1 cents (i know it is 1 Cent aka 0.01$)
V
  • #29,497
  • Edited 1:04pm Nov 29, 2011 12:49pm | Edited 1:04pm

seems peeps trying rope ECB.
but head declined meeting?

ok, greece payday, they got paid.
do good now, fellows.


regards

guess where he's going?
Rome.
Maybe pope wants buy bonds?
  • #29,498
  • Nov 29, 2011 1:16pm Nov 29, 2011 1:16pm
whatever.
i best go sleep, before the pump fails.

goodnite all.
  • #29,499
  • Nov 29, 2011 1:23pm Nov 29, 2011 1:23pm
Hi friends!

You can read from any great trader you want.
They tell you all a very similiar story as fti has done here:


What are some of the trading lessons your mentor Lenny Feldman taught you?

How to take a loss—just do it, because you can always get back in. Don’t ever put your ego out there where you’re afraid to say that you’re wrong, because the market is right and you are wrong. Respect that.That was the greatest lesson I learned.

I can’t stand it when people say, “Can you believe what the market did?” They better look at what

they did. Markets aren’t wrong. I’ve seen plenty of traders down here lose enormous sums of money believing they are right. I’ve seen guys blow upwards of $50 to $60 million in under a year—gone.You can see it happening. They start hanging on to a position too long because they can’t get themselves to admit they were wrong. If you’re right at the wrong time, you’re wrong.


There’s a story about one of the very first macro guys that always stuck with me. After sending one of his analysts to Africa to check out the cocoa crop, the analyst came back saying there was no crop so prices should go through the roof.The guy bought some cocoa at 38 cents. It went down to 36 cents and he doubled up. It went down to 34 cents and he doubled up again. It went down to 32 cents and he went broke. A year and a half later, cocoa was trading at $1.50.



He was right, but at the wrong time.You can have this gigantic view of

the world but you better pay attention to what the markets are telling you.

Once again from "Inthe huse of money" ...

All the best!
CU
  • #29,500
  • Nov 29, 2011 1:51pm Nov 29, 2011 1:51pm
Quoting MaMood
Hi friends!

You can read from any great trader you want.
They tell you all a very similiar story as fti has done here:


[indent]

What are some of the trading lessons your mentor Lenny Feldman taught you?

[font=Bembo][font=Bembo][left]How to take a loss—just do it, because you can always get back in. Don’t ever put your ego out there where you’re afraid to say that you’re wrong, because the...


looks like the cocoa guy was trying to rescue, and got killed, that is why i normally try not to do stupid things like that anymore, if i find it better to make less money than lose more money.

so i use the livermore strategy better, add to a position that confirmed my bias, at a correction, and place a stop loss at below standard deviations, or mental stop. sometimes i do rescue, but it is very rare nowadays.

how is the EUR/USD treating you?
AVT INVENIAM VIAM AVT FACIAM
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