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Technical Analysis Fallacy

  • #29,761
  • Dec 17, 2011 3:20pm Dec 17, 2011 3:20pm
Quoting -Michael-
Hey SmartBear
I will just repeat what have repeated here in the Thread FTI Made his presentation about his Trading in 200 first pages
After this there is descations and maybe sume purles here in there and in depth relation to some subjetcs.
So basicly first 200 pages is somthing to start with and than i would sujest to you to try go over all pages but with your pace.
About The kingdoms it is stil subject that in general i understand but hard to implement it in trading for me
Regard
Michael
The kingdoms is the inter relationship between the USD and the major pairs.

as you know everything in trading is denominated in the usd
usd/chf vs usd/jpy = jpy/chf
the only other direct pair is the eur/jpy as far as i know.

so the kingdoms focuses on 3 major regions, however i like to look at all six majors eur/usd gbp/usd aud/usd-----usd/jpy,usd/chf, usd/cad

basically all pairs move in relationship to the USD, however sometimes this relationship is muddied on individual events of that particular currency however usually this relationship is again re established.

so when you see eur up, gbp up and jpy down, you are looking the movement of the USD not a temporary disconnect in relative value therefore the move is accentuated and is a systemic change.
AVT INVENIAM VIAM AVT FACIAM
  • #29,762
  • Dec 17, 2011 4:05pm Dec 17, 2011 4:05pm
Quoting GEfx
There's an old movie, I think it's entitled "DOA", about a guy who is poisoned at the beginning of the movie, spends the entire moving uncovering the guy who poisoned him, then dies. I am completely convinced that the euro is just like that guy, and the European leaders have just a few weeks to figure out what they are going to do about it before it dies. I think they can put together a transition plan and implement it, but it's going to be a bumpy ride along the way. As for a global currency, I am not sure how that works considering it would...

DOA= dead on arrival
DOB= Date of birth
SOB= short of breath
COC= change of condition
careful when reading a medical chart you might not be reading what you think you are reading.

SOB was the culprit for his exacerbated COC.

or when we write to each other, i had too many COCs today i am tired.


AVT INVENIAM VIAM AVT FACIAM
  • #29,763
  • Dec 17, 2011 10:08pm Dec 17, 2011 10:08pm
Quoting the redlion
The kingdoms is the inter relationship between the USD and the major pairs.

as you know everything in trading is denominated in the usd
usd/chf vs usd/jpy = jpy/chf
the only other direct pair is the eur/jpy as far as i know.

so the kingdoms focuses on 3 major regions, however i like to look at all six majors eur/usd gbp/usd aud/usd-----usd/jpy,usd/chf, usd/cad

basically all pairs move in relationship to the USD, however sometimes this relationship is muddied on individual events of that particular currency however usually this relationship is...
Exactly.. And also, US Dollar Index[ USD ] has its effect on commodities inversely Because commodities are Dollar denominated.

But what i don't understand is why Even DJIA is inversely correlated to USD.. When it should be opposite., Is the DJIA going through a systemic change?
Jus a thought, if you can add anything it would be great.
Thanks
  • #29,764
  • Dec 17, 2011 10:13pm Dec 17, 2011 10:13pm
DIJA, and equities around the world are more correlated to Risk apatite lately.

yields rise as money moves out of bonds into equities
and equities rise.....so in turn risk currencies rise, like the GBP, AUD, EURO due to the low interest payments on safe heaven denominated currencies like USD, JPY, and a while back CHF (chf aint so safe, BOJ wants to make sure you think Jpy Is not so safe either)

when investors have risk appetite they seek higher returns converting cash (USD) into riskier higher paying vehicles.
AVT INVENIAM VIAM AVT FACIAM
  • #29,765
  • Dec 18, 2011 5:03pm Dec 18, 2011 5:03pm
Greeting to everyone.
Being away from this forum for a long time.
Focusing on inner work.
What is the sense of having $
and not having peace of mind?
me?...still trading...
Tracking Euro nightmare.
Wondering how the world will pay their
unpayable debts!

Happy xmas and a great new year.

Now...
back to my cave.
Empty as water and soft as a facing wind mountain
  • #29,766
  • Dec 19, 2011 8:57am Dec 19, 2011 8:57am
Quoting luSan
Greeting to everyone.
Being away from this forum for a long time.
Focusing on inner work.
What is the sense of having $
and not having peace of mind?
me?...still trading...
Tracking Euro nightmare.
Wondering how the world will pay their
unpayable debts!

Happy xmas and a great new year.

Now...
back to my cave.
Hi LuSan,

Merry Xmas to you too!

I have learnt a lot from your posts

Regards
  • #29,767
  • Dec 19, 2011 9:55pm Dec 19, 2011 9:55pm
Hello friends! Yesterday for me it wasnt easy market. I did 4.5% loss. What my ego didnt accept easily so first i did was deleting my Trade Explorer.... to know, that others dont see that small faux pass but now, back to the Earth.
  • #29,768
  • Dec 19, 2011 10:24pm Dec 19, 2011 10:24pm
Quoting piccolo
As for war, you won't see that in Europe for the next 100 years, people are too fat and lazy. I you start a war, they will go on strike!
Nominated for "quote of the month".
  • #29,769
  • Dec 20, 2011 4:35am Dec 20, 2011 4:35am
Quoting Fana
Hello friends! Yesterday for me it wasnt easy market. I did 4.5% loss. What my ego didnt accept easily so first i did was deleting my Trade Explorer.... to know, that others dont see that small faux pass but now, back to the Earth.
Hi Fana, just don't try to get it back in one trade. You'll get it back and then move on from there. Keep an eye on these thin markets and just take what the market will offer. Good trading and Merry Christmas!
  • #29,770
  • Edited 5:12am Dec 20, 2011 4:55am | Edited 5:12am
Quoting GEfx
Hi Fana, just don't try to get it back in one trade. You'll get it back and then move on from there. Keep an eye on these thin markets and just take what the market will offer. Good trading and Merry Christmas!
Hi GE! Thank you. Merry Christmas
- i have opened the Trade Explorer again... it is very good tool to realize many thinks... i can recommend it.
- To delete it when in DD is really ridiculous...
  • #29,771
  • Dec 20, 2011 6:15am Dec 20, 2011 6:15am
Quoting Fana
Hi GE! Thank you. Merry Christmas
- i have opened the Trade Explorer again... it is very good tool to realize many thinks... i can recommend it.
- To delete it when in DD is really ridiculous...
Fana,

This is the time for us to celebrate christmas cheers no more trading for me... be carefull, very thin market... best to be away.

regards,
Success consists of going from failure to failure without loss of enthusiam
  • #29,772
  • Dec 20, 2011 6:44am Dec 20, 2011 6:44am
Quoting Fana
Hello friends! Yesterday for me it wasnt easy market. I did 4.5% loss. What my ego didnt accept easily so first i did was deleting my Trade Explorer.... to know, that others dont see that small faux pass but now, back to the Earth.
Hi Fana,

It's been a tough market to trade. I try to stay nimble and get out on small profits. I'm sure you can recover in time to come.

Merry Xmas and a very blessed New Year to you!

regards
  • #29,773
  • Dec 20, 2011 6:46am Dec 20, 2011 6:46am
I miss fti

Really hope that his ok... Can anyone who knows him personally pm me about his status?
  • #29,774
  • Dec 20, 2011 7:31am Dec 20, 2011 7:31am
To hear fti is doing fine would be my best X'mas present.

Fana, you are one brave warrior

Regards,
Baifu
  • #29,775
  • Edited 8:40am Dec 20, 2011 7:54am | Edited 8:40am
Eddy, N_Trader, Baifu. Yeah, thanks... Merry Christmas. Tomorow i will post that twoo battles at my journal.
- I will draw there starting small yesterday, getting in troubles -5% and today turbo recovery...
(apologize that not today, i have a meeting with one nice lady and it is not E/U) Regards.
  • #29,776
  • Dec 20, 2011 7:56am Dec 20, 2011 7:56am
i know everyone is worried about fti, i just checked fti's status and he last logged in 2 days ago, so he is hopefully just resting and getting some strength back without stressing himself to much.

happy christmas to everyone.

Phil.
-be careful about what you allow to be put in your mind-
  • #29,777
  • Dec 20, 2011 8:02am Dec 20, 2011 8:02am
Hope FTI and everyone else are doing fine.

Stay in good health Please !!!
  • #29,778
  • Edited 9:37am Dec 20, 2011 9:23am | Edited 9:37am
Hi Guys Here is Link to FTI post about Trading in the end of the year

http://www.forexfactory.com/showthre...64#post2317464

http://www.forexfactory.com/showthre...29#post2252229

regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #29,779
  • Dec 20, 2011 10:59am Dec 20, 2011 10:59am
Quoting phil13
i know everyone is worried about fti, i just checked fti's status and he last logged in 2 days ago, so he is hopefully just resting and getting some strength back without stressing himself to much.

happy christmas to everyone.

Phil.
Thanks Phil

I didn't even thought of that.

Merry Xmas to you my friend.

regards
  • #29,780
  • Dec 20, 2011 11:03am Dec 20, 2011 11:03am
Quoting -Michael-
Hi Guys Here is Link to FTI post about Trading in the end of the year

http://www.forexfactory.com/showthre...64#post2317464

http://www.forexfactory.com/showthre...29#post2252229

regards
Michael
Thanks Michael, it's a timely reminder.

As someone new to the thread, I must say that you are learning fast

regards
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