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Technical Analysis Fallacy

  • #30,021
  • Edited 7:46am Jan 18, 2012 7:17am | Edited 7:46am
Quoting Fana
I see... How this will end... i cant imagine. Greece is the black hole. But EU politicians seems to be only holding theirs good chairs and salaries. Regards
Well what do you expect they do?
They all resign , walk away , then what do you have?
they need work find the solution.
Is alredy catagarised as systemic failure at core design. even by the original designers.
So need systemic solution.

Didn't learned anything form Fukushima?
when systemic failure need find systemic solution but first need shut down that which failed.
Will tweeking it solve problem?
we shall see. the price to pay may be beyond imagination.
I don't know. we are not in decision capacities, so we smoke cigar and watch them.

our job is traders, so we need adjust to the new terrain thats unfolding.

but i was numbed when the mention of use laws to default.
that will send ripples right into the core structure of the banking industry of the whole world.
so more systemic problems may arise?
  • #30,022
  • Edited 7:55am Jan 18, 2012 7:20am | Edited 7:55am
Quoting fti
Well what do you expect they do?
Is alredy catagarised as systemic failure at core design.
So need systemic solution.
But i dont understand how they can do it, they dont have conscience? How such people can live as parasites. ("If" there are some good people i dont think them).

EU is a batalion of Fukushimas!
  • #30,023
  • Jan 18, 2012 7:26am Jan 18, 2012 7:26am
Good Morning Afternoon Evening Everyone,

FTI, Tis great to see you back posting, glad your feeling better.

News out here at the bottom of the hour, haven't heard this one in a while, BATTLE STATIONS!
  • #30,024
  • Jan 18, 2012 7:31am Jan 18, 2012 7:31am
fake out, shake out, time possibly, see what happens here

news releases stacked here for the next hour
  • #30,025
  • Jan 18, 2012 7:57am Jan 18, 2012 7:57am
Quoting auxesis
Good Morning Afternoon Evening Everyone,

FTI, Tis great to see you back posting, glad your feeling better.

News out here at the bottom of the hour, haven't heard this one in a while, BATTLE STATIONS!
huh?
whats the news,aux?

regards
  • #30,026
  • Jan 18, 2012 8:00am Jan 18, 2012 8:00am
Quoting fti
huh?
whats the news,aux?

regards
Produce Price was at the bottom of the hour, Foreign Purchases coming out now

Nice pop so far, see where we go from here
  • #30,027
  • Edited 8:29am Jan 18, 2012 8:02am | Edited 8:29am
Quoting auxesis
Produce Price was at the bottom of the hour, Foreign Purchases coming out now

Nice pop so far, see where we go from here
oh
not so difficult.
cut away dead in waters .
hang on to that which profitable, and not overstay.
Follow flow to best of ability.
if pressure unsurmountable on books,then square out and stand aside.
stay within limit risk tolerance and pain threshold.



regards
  • #30,028
  • Jan 18, 2012 8:04am Jan 18, 2012 8:04am
Hello Every1,
Its nice 2 see sum of d big guys round.....And as they say in my neck of d wood Chief I see you,Zoran I see you, Auxesis I see you,Fana I see you.......Is there sumtin cooking n bout 2 happen?just chilling n watching and catching up on the thread. Unbelievable over 2000 pages now n long may it continues.
  • #30,029
  • Jan 18, 2012 8:08am Jan 18, 2012 8:08am
Fwiw, and everyone's notes,

Here's a list of the future Euro"happenings" to keep in mind,

taken from Dow Jones news service.

regards

--Wednesday: ECB seven-day dollar operation. Portuguese T-bill auction. German bond auction. Greece likely to resume talks with private sector creditors on debt writedown.
--Thursday: Spanish, French bond auctions.
--Friday, Jan. 20: Troika of international inspectors expected to return to Greece to resume talks on new bailout deal. Ireland's troika of lenders releases its latest quarterly review of the country's bailout. Sarkozy, Merkel meet Mario Monti in Italy (meeting may be postponed, officials now say.)
--Sunday, Jan. 22: Finnish presidential election, first round.
--Monday, Jan. 23: Euro-zone finance ministers meet. French January business sentiment index.
--Tuesday, Jan. 24: European Union finance ministers meet. Spanish T-bill auction. Flash euro-zone January PMI data.
--Wednesday, Jan. 25: Preliminary data on the Spanish government's annual budget deficit expected around this time. German January Ifo business climate index. ECB seven-day dollar operation. ECB three-month long-term refinancing operation. German bond auction. World Economic Forum begins in Davos, Switzerland (through Jan. 29).
--Thursday, Jan. 26: Italian bond auction. EUR45 billion of 3-month ECB LTRO funds mature.
--Friday, Jan. 27: Italian T-bill auction.
--Monday, Jan. 30: EU leaders' summit. Italian, Belgian bond auctions.
--Tuesday, Jan. 31: Greece aims to conclude talks detailing new EUR130 billion loan deal, debt-exchange program with private-sector creditors by this date.
--Wednesday, Feb. 1: EUR25.8 billion of Italian BTP bonds due. Portuguese T-bill auction. German bond auction. Euro-zone January manufacturing PMI data.
--Thursday, Feb. 2: French bond auction.
--Friday, Feb. 3: Euro-zone January services PMI data.
--Monday, Feb. 6: Italian parliament must have approved government's fiscal, growth package by this date.
--Wednesday, Feb. 8: German bond auction.
--Thursday, Feb. 9: ECB interest-rate statement, press conference.
--Friday, Feb. 10: EUR1.0 billion in Greek debt maturing.
--Monday, Feb. 13: Italian T-bill auction.
--Tuesday, Feb. 14: Italian BTP auction. Greek T-bill auction. German February ZEW economic sentiment indicator.
--Wednesday, Feb. 15: Portuguese T-bill auction. Flash data on Q4 EU gross domestic product.
--Thursday, Feb. 16: French bond auction.
--Friday, Feb. 17: EUR1.6 billion Greek T-bills maturing.
--Monday, Feb. 20: Euro-zone finance ministers meet. Flash euro-zone February PMI data.
--Tuesday, Feb. 21: European Union finance ministers meet. Greek T-bill auction.
--Wednesday, Feb. 22: German bond auction.
--Thursday, Feb. 23: German February Ifo business climate index.
--Friday, Feb. 24: Italian bond auction.
--Saturday, Feb. 25: Group of 20 finance ministers, central-bank governors meet.
--Monday, Feb. 27: Belgian bond auction, Italian T-bill auction.
--Tuesday, Feb. 28: ECB three-month, three-year long-term refinancing operation. Italian bond auction.
--Wednesday, Feb. 29: EUR10.6 billion of Italian CTZ bonds mature. German bond auction.
--Thursday, March 1: EUR14.9 billion of Italian BTP and EUR12.3 billion CCT bonds mature.
--Thursday, March 1-Friday, March 2: EU leaders summit.
-By Jenny Paris and William Kemble-Diaz, Dow Jones Newswires; 44-20-78429347; [email protected]
  • #30,030
  • Jan 18, 2012 8:10am Jan 18, 2012 8:10am
Quoting fti
oh
not so difficult.
cut away dead in waters .
hang on to that which profitable, and not overstay.
Follow flow to best of ability.
if pressure unsurmountable on books,then square out and stand aside.



regards
Noted, Thanks!
  • #30,031
  • Jan 18, 2012 8:15am Jan 18, 2012 8:15am
Quoting fti

Why did this happen?
Is because the problem was sweep under the carpets.
Values where not real, until the bubble exploded.
Because? they not allow real markets determine the truth, and signal warning of trouble , while still managable.
The irony is they still doing it, and the scale is getting huge.


regards

Spot on.
  • #30,032
  • Jan 18, 2012 8:27am Jan 18, 2012 8:27am
I saw Lusan post a while back, any news on Gro or Mash?

regards
  • #30,033
  • Jan 18, 2012 8:37am Jan 18, 2012 8:37am
well does she have another push south left in her?

comeon' sweet heart don't tease me
  • #30,034
  • Jan 18, 2012 9:02am Jan 18, 2012 9:02am
Quoting auxesis
well does she have another push south left in her?

comeon' sweet heart don't tease me
I like your choice of words. I am finished trading for today but all the best to those still trading.

Great to see Fti back in action. Ray
  • #30,035
  • Jan 18, 2012 9:14am Jan 18, 2012 9:14am
Quoting auxesis
well does she have another push south left in her?

comeon' sweet heart don't tease me
Well, back to where we started,
  • #30,036
  • Jan 18, 2012 9:16am Jan 18, 2012 9:16am
Quoting fti
see your folly now, N?
you said no crystal ball, but

learn the lesson, let markets tell you the bias.
fana you listen up as well, ok?

When terrain is bungieing , if yould mindset like vic does, then you can take them both ways.
just put what every bear meat or bull meat you find in to your bucket, then and stroll to bank.

If trapped, then plan strategic rescues safely.

this market bbungieing effect is more prevalant than you think.
Just look into any charts for congestions.
The wider the range the more you get.
if the...
Roger, Chief!
I guess my ego got the better of me as usual. Need to learn to cope with that. It's eating away my profits... I do well for 2 months and then give them back to market and have to start over again.

What's the best way to stay consistent, Chief? Pls shoot me if you have to...

Regards
  • #30,037
  • Jan 18, 2012 9:17am Jan 18, 2012 9:17am
Quoting fti
see your folly now, N?
you said no crystal ball, but

learn the lesson, let markets tell you the bias.
fana you listen up as well, ok?

When terrain is bungieing , if yould mindset like vic does, then you can take them both ways.

Thanks Chief,

Hows health and energies...

V
  • #30,038
  • Jan 18, 2012 9:20am Jan 18, 2012 9:20am
Quoting N_Trader
Roger, Chief!
I guess my ego got the better of me as usual. Need to learn to cope with that. It's eating away my profits... I do well for 2 months and then give them back to market and have to start over again.

What's the best way to stay consistent, Chief? Pls shoot me if you have to...

Regards

Keep your ego aside and you are as(replace with ass) good as(replace with ass) your last trade...and always make sure you are taking care of the book...book should be saved all the time(like king in chess)...profits will come....and if you cant follow a simple rule of 3X the daily profit as your cutoff loss...some tsunami will definaltey come...

again my 2 cents...

V
  • #30,039
  • Jan 18, 2012 9:21am Jan 18, 2012 9:21am
Quoting auxesis
I saw Lusan post a while back, any news on Gro or Mash?

regards

No idea on Gro, i msged him on FB he didnt replied back....Mahesh i had some good talk with him a month or so ago....

V
  • #30,040
  • Jan 18, 2012 9:22am Jan 18, 2012 9:22am
Quoting N_Trader
Roger, Chief!
I guess my ego got the better of me as usual. Need to learn to cope with that. It's eating away my profits... I do well for 2 months and then give them back to market and have to start over again.

What's the best way to stay consistent, Chief? Pls shoot me if you have to...

Regards
Stay Humble.........

In everything there's ebb and flow, ying & yang..... when your on a roll, you best be looking over your shoulder for the next draw down.

I say this figuratively, but it holds some truth, when we are in sync tradings easy.... easy also to get careless as there's no market checking your ego.... as the ego grows so normally does the size, we put on our Superaman underwear and we become bullet proof, at least mentally.

Fine line we have to walk between harnessing ourselves and releasing the fear needed to see us through, as trading is counter to our sanity most of the time.

edit: see Vic's response above
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