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Technical Analysis Fallacy

  • #40,521
  • May 9, 2013 12:57am May 9, 2013 12:57am
Quoting ukmanthailan
{quote} Your advice is always welcome. Most of the programmers I worked with knew very little about hardware, including me. That's probably why we wrote such awful applications I'll probably just stick with the dual-core processor I have and upgrade the GPU so I can run multiple monitors - that's another area I can't make my mind up about. I was going to get 2 x 23-inch IPS panels (1920x1020) and use them with my desktop - for trading and charts. The 22-inch monitor (1680x1050) that I already have I was going to stick to one side and run from...

new toys , always fun.

have a nice time , my friend.

regards
  • #40,522
  • May 9, 2013 2:12am May 9, 2013 2:12am
Yes, thanks. I am going to relax and be a kid for a couple of days before it's time to get down to serious business.

My favourite band and one of my favourite tunes:

Inserted Video



I think I've worn out my welcome with random precision on a few occasions in my life.
  • #40,523
  • May 9, 2013 3:38am May 9, 2013 3:38am
I've caught the news trading bug - out at 84, so going on yesterday's performance it'll probably go up to 5650 now
  • #40,524
  • May 9, 2013 5:36am May 9, 2013 5:36am
Hearing new.
plans to kill this euro manipulator
probablity 1.3 cracks when us figs good.

be in a little early.
figs and options expiry.

lets hope he not try escape before figs
let him bid high
  • #40,525
  • May 9, 2013 7:04am May 9, 2013 7:04am
Happy trading day to fti and all. I am sitting in a hotel lobby with my lap top PC, analyzing my charts (got to sleep in a bit today!), drinking coffee, and listening to the TV and what is now called "news" in the US (CNN is not news but does a nice job delivering pop culture and populist nonsense). Anyway, had a chance to stop by and read up on the thread. fti, you have created a unique place for us to visit during the trading day, where friends can sit and chat for a few minutes. Thanks for continuing your efforts here. Had "anticipated" a slow day to day due to the European holiday, which means that I anticipated I could use the holiday as a reason to get some extra sleep -- lol. Hope you are all well and good trading to you all.
  • #40,526
  • May 9, 2013 7:16am May 9, 2013 7:16am
soon.

my focus only south.
lets see if figs, give the reasons.

if happens will carry best i can into end of the week look for a good bottom.

this may be good for markets teach manipulator discipline.
try not chase if too deep.
use feel judgement and robust mm.
  • #40,527
  • May 9, 2013 7:23am May 9, 2013 7:23am
ladies and gentlemen,
Battle stations!
lock and load.

no updates i will be busy.
  • #40,528
  • May 9, 2013 7:41am May 9, 2013 7:41am
I short cable after the US data.

edit for pic
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Short.png Size: 64 KB
  • #40,529
  • May 9, 2013 7:49am May 9, 2013 7:49am
aud is down
cable is d own.
euro still manipulated.

wait triple witching options expiry crack him.
  • #40,530
  • Edited 11:11am May 9, 2013 7:53am | Edited 11:11am
unbelievable the manipulating.

square out
better go trade pork bellies than this,
this no more a market place is a circus.
  • #40,531
  • May 9, 2013 7:55am May 9, 2013 7:55am
Quoting fti
unbelievable the manipulating. where CBs no one have balls investigate?
Would you mind point out how you see there is the manipulation? Thanks in advance.
  • #40,532
  • Edited 11:10am May 9, 2013 8:11am | Edited 11:10am
Quoting jasonckb
{quote} Would you mind point out how you see there is the manipulation? Thanks in advance.
you cannot see the manipulation?
every thing dropped after usd figs.
aud, cable, gold
what did euros do.4
they might as well just quote 1.3000/1.4000

why euro in good shape?
  • #40,533
  • May 9, 2013 8:15am May 9, 2013 8:15am
Quoting fti
{quote} you cannot see the manipulation? every thing dropped after usd figs. aud, cable, gold what did euros do.4 they might as well just quote 1.3000/1.4000 why euro in good shape? ...i. to euro dealers.
Would they play it delay to trap more long?
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.png Size: 40 KB
  • #40,534
  • May 9, 2013 8:25am May 9, 2013 8:25am
square half cable at +37 pips, half target at 1.548.....
  • #40,535
  • Edited 11:09am May 9, 2013 8:28am | Edited 11:09am
The international FOREX Association must investigate this percularity.
Bucket shops?
  • #40,536
  • May 9, 2013 8:48am May 9, 2013 8:48am
Quoting fti
The international FOREX Association must investigate this percularity. many peeps in high places should be in jail for manipulation of free markets. This seems worst than the british rates scandal. I advise you retail players , please leave these markets. these not freely tradeable any more. is bank to bank stuff. and banks will slaughter you with their manipulation. Is big guns against retails already. any one who cannot see the retail book manipulation is blind. They can make the markets anywhere they like just to take you out.
Thanks for your insight. I have learnt much from you and I am still at page 102
  • #40,537
  • May 9, 2013 9:11am May 9, 2013 9:11am
I find the markets fairly predictable. You saw the cable buy and sell. You saw the Euro sell, you saw the Euro/yen buy. Its all there. You have to understand every candle in context however. Anything less and you are gambling. Like my signature says, its an arduous journey, but well worth the effort which is 90% insight and 10% whats taught....you would be better advised simply observing the candles after learning the basic dynamics (and I would recommend Nison for that)

Apart from that, I care not whether the market is manipulated or not. I expect no less from capitalism.
The road to pipland is arduous and fraught with challenge.
  • #40,538
  • May 9, 2013 9:23am May 9, 2013 9:23am
Quoting fti
{quote} May i ask, are you trader or you attached or involved in retail broking in any manner? I was teir 1 ForeX spot interbank market maker at banks for almost 30 years. The banks I worked for are tier 1 top 5 international banks. regards
I'm nowhere as heavy weight as you are (tax lawyer background). I picked up most of my analysis by take a few core points of Nison's and extrapolating them out.
The road to pipland is arduous and fraught with challenge.
  • #40,539
  • May 9, 2013 9:25am May 9, 2013 9:25am
Quoting fti
{quote} May i ask, are you trader or you attached or involved in retail broking in any manner? I was teir 1 ForeX spot interbank market maker at banks for almost 30 years. The banks I worked for are tier 1 top 5 international banks. Also held positions as Directors/member of board for couple of Financial futures and derivative exchanges. regards

CHIEF,

ISNT THE MANIPULATION NEW NORM


v
  • #40,540
  • May 9, 2013 9:29am May 9, 2013 9:29am
Quoting indianguyinny24
{quote} CHIEF, ISNT THE MANIPULATION NEW NORM v
The problem lies with the natural urge for capital to deregulate and globalise. Then you have the competitive urge for wealth consolidation. Also with the end of the Cold War, there are no longer any pressures for capital to be ethical...it has no enemies. So these sorts of behaviours will always keep surfacing until they become the norm. The trick to to be able to read this market despite the decoys.
The road to pipland is arduous and fraught with challenge.
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