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Technical Analysis Fallacy

  • #40,901
  • Jun 6, 2013 9:02am Jun 6, 2013 9:02am
Quoting fti
Be ready, but watch your size and your own backsides.
Thanks and noted...

GBP holding back while EUR seems more manipulated...
  • #40,902
  • Jun 6, 2013 9:21am Jun 6, 2013 9:21am
Quoting fti
Life firing erercise. This is no drill. just want highlight. the euro and cable, is over manipulated. Just take a look at aud crosses. Now if any one chasing we very near ceilings. Is holding ceiling because market maker manipulating screwing the long usd podition. Please be careful here. Short usd is in dangerous territory. Manipulate more. Once they bleed the heavy equiptment will be moving in. So i suggest either be long usd or squared. soon the evil manipulative mechanism will be tested. Be ready, but watch your size and your own backsides....
Good to see you my friend! I missed all the fun this morning so I'm sitting squared at the moment. Has been a good week so far only one battle and I won. All the other kill shots have come from snipers. Account now growing slowly but steadily. Hope your feeling well.

Good trading
Mike
  • #40,903
  • Jun 6, 2013 10:00am Jun 6, 2013 10:00am
Short USD has been ok the last hour. Just remembered I left a cable long open on my little Oanda account. That was nice.
  • #40,904
  • Jun 6, 2013 10:23am Jun 6, 2013 10:23am
Quoting fti
Life firing erercise. This is no drill. just want highlight. the euro and cable, is over manipulated. Just take a look at aud crosses. Now if any one chasing we very near ceilings. Is holding ceiling because market maker manipulating screwing the long usd podition. Please be careful here. Short usd is in dangerous territory. Manipulate more. Once they bleed the heavy equiptment will be moving in. So i suggest either be long usd or squared. soon the evil manipulative mechanism will be tested. Be ready, but watch your size and your own backsides....
Hi fti, glad to see you here and hope you are well. Been trading aud crosses this week, and can assume that the top is in or very close to it. NFP is up tomorrow and who knows where we go after that. No crystal ball here, but some of this seems like a set up for something big. I am moving to the sidelines until the announcement tomorrow. No need to pretend I know what to do at this point -- lol.
  • #40,905
  • Jun 6, 2013 10:48am Jun 6, 2013 10:48am
Quoting indianguyinny24
{quote} I guess u r short Euro?? V
yup i was.

regards
  • #40,906
  • Jun 6, 2013 10:49am Jun 6, 2013 10:49am
Quoting fti
Life firing erercise. This is no drill. just want highlight. the euro and cable, is over manipulated. Just take a look at aud crosses. Now if any one chasing we very near ceilings. Is holding ceiling because market maker manipulating screwing the long usd podition. Please be careful here. Short usd is in dangerous territory. Manipulate more. Once they bleed the heavy equiptment will be moving in. So i suggest either be long usd or squared. soon the evil manipulative mechanism will be tested. Be ready, but watch your size and your own backsides....
the size saved me the day.

regards

no the day isn't over yet.
  • #40,907
  • Jun 6, 2013 11:45am Jun 6, 2013 11:45am
Wow, stepped away for a run and look at what happened! This looks very weird to me, and I wonder if there has been a breach of security around the NFP report? Haven't seen this kind of PA pre-NFP in years, if ever!

Edit: It's sometimes better to be lucky than good! I just opened my trading account to discover that I forgot to cancel a sell entry order on the EUR/YEN at 129.35! It's sitting at 128.10 right now! Now, I am really on the sidelines until tomorrow!
  • #40,908
  • Jun 6, 2013 11:48am Jun 6, 2013 11:48am
manipulators ducks hunting before NFP.
wait after NFP.
i like watch him die.
This rogue trader they should hang.

regards
  • #40,909
  • Jun 6, 2013 12:26pm Jun 6, 2013 12:26pm
they used CHF and JPY to raid EUR and cable.
Had been shorting euro with some success before conference.
after that i mostly stepped aside. it was size that saved me.

regards
  • #40,910
  • Jun 6, 2013 12:53pm Jun 6, 2013 12:53pm
I GIVE EVERYONE 1 LAST WARNING.

NEVER USE LEVERAGE, IS A CON.


IF YOU CANNOT LIVE TRADING WITHOUT LEVERAGE, IS YOUR OWN RISK.

THE BROKERS ARE VERY CONNISH.


regards
  • #40,911
  • Jun 6, 2013 3:44pm Jun 6, 2013 3:44pm
Quoting fti
Life firing erercise. This is no drill. just want highlight. the euro and cable, is over manipulated. Just take a look at aud crosses. Now if any one chasing we very near ceilings. Is holding ceiling because market maker manipulating screwing the long usd podition. Please be careful here. Short usd is in dangerous territory. Manipulate more. Once they bleed the heavy equiptment will be moving in. So i suggest either be long usd or squared. soon the evil manipulative mechanism will be tested. Be ready, but watch your size and your own backsides....
I just read this one and thanks for the heads up fti! I was heavy USD Bear as my charts were screaming "short the $".
Are there any factors that alerted you of the manipilation besides the AUd crosses fti?


thanks!
  • #40,912
  • Jun 6, 2013 4:09pm Jun 6, 2013 4:09pm
Quoting GEfx
Wow, stepped away for a run and look at what happened! This looks very weird to me, and I wonder if there has been a breach of security around the NFP report? Haven't seen this kind of PA pre-NFP in years, if ever! Edit: It's sometimes better to be lucky than good! I just opened my trading account to discover that I forgot to cancel a sell entry order on the EUR/YEN at 129.35! It's sitting at 128.10 right now! Now, I am really on the sidelines until tomorrow!
I was expecting some choppy stop-hunting action before NFP but I couldn't believe it would be of this magnitude. Such a big push at the end of Europe session, wow. Luckily, I was on the right side of the trade in EUR/USD and when it went through the roof above 1.3250 I got out. Although I was winning, I got scared that I'm getting into a real mess. It was a very weird feeling.

Tomorrow are the NFP figures and it's gonna be interesting to watch. Wish you nice trading guys, I'm gonna take a peek from time to time at work

Regards
  • #40,913
  • Jun 6, 2013 7:23pm Jun 6, 2013 7:23pm
I'm just trialling a new price feed that's supposed to be aggregated from interbank quotes - Deutsche Bank, Citi, Bank of America, UBS, and about 200 others. Either it's not a very good feed or my broker likes to move prices up and down in fractions just for fun because at this time of the day, the prices aren't moving around anywhere near as much as they are on my trading platform.

EDIT: forget that, I had it set to Barclays London, now I've changed it to Gain, there are loads of prices coming through.
  • #40,914
  • Jun 6, 2013 8:34pm Jun 6, 2013 8:34pm
Not trying to crystal ball anything here, but the sudden Yen strength seems to put Abenomics in Japan at risk. I can't imaging the government there wanting or risking its failure. Maybe what is going on now is the beginnings of a currency war, and Abe is the first to meet resistance to his plans for a weaker yen from other CBs/nations. This might get interesting.
  • #40,915
  • Jun 6, 2013 8:56pm Jun 6, 2013 8:56pm
Quoting fti
manipulators ducks hunting before NFP. wait after NFP. i like watch him die. This rogue trader they should hang. regards
I think they are taking some of this stuff

http://www.news.com.au/business/work...-1226654454821
  • #40,916
  • Jun 6, 2013 8:57pm Jun 6, 2013 8:57pm
Quoting GEfx
Not trying to crystal ball anything here, but the sudden Yen strength seems to put Abenomics in Japan at risk. I can't imaging the government there wanting or risking its failure. Maybe what is going on now is the beginnings of a currency war, and Abe is the first to meet resistance to his plans for a weaker yen from other CBs/nations. This might get interesting.
http://www.reuters.com/article/2013/...0E903F20130607

regards
  • #40,917
  • Jun 6, 2013 9:44pm Jun 6, 2013 9:44pm
Quoting Zoran
{quote} I think they are taking some of this stuff http://www.news.com.au/business/work...-1226654454821

Can I get some? Sleep sucks for me. might as well be productive.
  • #40,918
  • Edited 10:35pm Jun 6, 2013 10:08pm | Edited 10:35pm
Aud, Chf, Jpy and their crosses are the only active pairs for now.

regards


if they short aud, short $, short chf and nothing happening in cable and euro.

what are they long then??
  • #40,919
  • Jun 6, 2013 10:41pm Jun 6, 2013 10:41pm
Maybe this one-click trading is not such a fantastic idea. I was installing some software in the early hours and I didn't notice until 4 hours later that I'd accidentally sold some USD/CHF at 5.30 this morning! Luckily it went the right way. I'm almost as bad as that Salomon trader who leant on his keyboard and accidentally sold £850M of French bonds.
  • #40,920
  • Jun 6, 2013 10:45pm Jun 6, 2013 10:45pm
(JP) Soros Fund Management shorting yen, purchasing Japan equities from earlier this week - Japanese press- According to the report, the fund had exited most of its bets related to Japan in May. - In Feb it was reported that Soros had made $1B betting against the yen. - TTN

This just across wire... for what it's worth.
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