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Technical Analysis Fallacy

  • #43,461
  • Oct 12, 2013 11:53am Oct 12, 2013 11:53am
Quoting Redsunfx
{quote} Priceaction thank's for your help , so i will be careful until october 17 ... in fact "the market" just need a trigger to start a new move whatever is the trigger , today the debt ceiling , tomorrow election in ftiland, the day after will the first FED meeting with YELLEN" so in fact these are just "excuses" to move the markets. its like on the stock market with the company's results publications , before was every year , now every 3 months , and tomorrow will be every month, just to find more triggers regards

Wah biang a, i just rest do my chi and peeps talking ftiland have eraction?
no such hor.
ftiland no eraction .
fti just resting hor.
no need add chi for me hor.

regards
  • #43,462
  • Oct 12, 2013 11:56am Oct 12, 2013 11:56am
Quoting priceaction1
@drzakir123 may I plz!!!! what I am thinking (may 100% wrong) is that now a days that usd$ is "absolute" thing and all other,s trade able things are relative to usd$ it is like gold stranded of old days. the present stander is now usd$ we cant trade usd$ it self but it is use as a reference for all other trades. even crosses are also effected with it. till the petro dollar are there it will go like this, even after petro doller it will go on till world found another instrument which is use as a "base price" for things. the force behind usd$...
Gold is still the real currency.dollar still a paper currency and leave it for few yrs it will be cheaper than toilet paper.
Allah has permitted trade and has forbidden interest [koran]
  • #43,463
  • Oct 12, 2013 12:06pm Oct 12, 2013 12:06pm
Quoting drzakir123
fti,i have a question. in 2005 dollar was strengthen along with commodities.how can it be possible? commodities are price in dollar and that means they have inverse relationship to dollar.i am unable to get a grip on this problem.. ps.I have ask this question to fti but all are welcome to respond.
ai yoi, why so rigid?
commodity prices not only have relation ship with usd.
In fact , their prices is married to inflation.
that period was runaway inflation and assets prices inflating double whamy, plus war(oil) cost triple whammy plus easy credit.
why you think sub prime bursted?

What you mean there is fix purchasing power parity? then what for we trade it , if its fixed.
even when married also can divorce. what so fixed?
For those like to gamble, this oct tober , you show me how well you know gamble lor.
After that we can start repair cracked balls.


regards
  • #43,464
  • Edited 12:35pm Oct 12, 2013 12:14pm | Edited 12:35pm
Quoting drzakir123
{quote} Gold is still the real currency.dollar still a paper currency and leave it for few yrs it will be cheaper than toilet paper.
real currency is what peeps willing exchange goods for.
Gold is just a metal.
but is a good store of value only.

How many thousands rupiah for 1 bowl of noodles already?
you mean say that cannot happen to usd?

anyway, no point speculating. It all depends on whats going to happen.
you trade , i just do my chi.

Last i remember a few kilo bars for at about $300+ per troy oz.(1997)
If you buy now you need pay about near $1500.
peeps already lost about 500% purchasing power parity loss. few peeps even noticed.
if you paying in rupee, already lost close to 1000%.
Why all the mathematicians not know their arithmetic?


regards
  • #43,465
  • Oct 12, 2013 12:35pm Oct 12, 2013 12:35pm
Quoting fti
{quote}real currency is what peeps willing exchange goods for. Gold is just a metal. but is a good store of value only. How many thousands rupiah for 1 bowl of noodles already? you mean say that cannot happen to usd? anyway, no point speculating. It all depends on whats going to happen. you trade , i just do my chi. Last i remember a few kilo bars for at about $300+ per troy oz. If you buy now you need pay about near $1500. peeps already lost about 500% purchasing power parity loss. few peeps even noticed. regards
so chief is it any real currency there?? what is used for "base value"for all trade able things is it relative? or we have some thing "absolute" which is used as a REF point, does it is"confidence" which make the things "real"????
don't predict direction, but dance with flow of water
  • #43,466
  • Oct 12, 2013 12:43pm Oct 12, 2013 12:43pm
ah old Q now what is real power behind the every currency?? it so said the one person say in USA doing work and got 1000$/M and in 3rd world country some one with same work got 100$/M labour is same but outcome is different. where is the problem? this world is not equal opportunity world. what will be the solution??
don't predict direction, but dance with flow of water
  • #43,467
  • Edited 1:26pm Oct 12, 2013 12:44pm | Edited 1:26pm
Quoting priceaction1
{quote} so chief is it any real currency there?? what is used for "base value"for all trade able things is it relative? or we have some thing "absolute" which is used as a REF point, does it is"confidence" which make the things "real"????
relativity is for tangable assets.
How can one compare it against fiat?
you living in 2013, but seems mind still living in brettonwoods era?

you still not understand what the meaning of issuing a trillion $ platinum coin.

regards
  • #43,468
  • Oct 12, 2013 1:16pm Oct 12, 2013 1:16pm
ah I wash I was there, 100-trillion bill of zimbabwe's is just 5$ after in 1970's end of brettonwoods era, no real system is backing the currency value, does adam samtih book "wealth of nation" have the ANS of this Q??

The real price of every thing, what every thing really costs to the
man who wants to acquire it, is the toil and trouble of acquiring
it. What every thing is really worth to the man who has acquired
it and who wants to dispose of it, or exchange it for something
else, is the toil and trouble which it can save to himself, and which
it can impose upon other people. What is bought with money, or
with goods, is purchased by labour, as much as what we acquire
by the toil of our own body. That money, or those goods, indeed,
save us this toil. They contain the value of a certain quantity of
labour, which we exchange for what is supposed at the time to
contain the value of an equal quantity. Labour was the first price,
the original purchase money that was paid for all things. It was
not by gold or by silver, but by labour, that all the wealth of the
world was originally purchased; and its value, to those who possess it, and who want to exchange it for some new productions, is
precisely equal to the quantity of’ labour which it can enable them
to purchase or command
Attached File(s)
File Type: pdf wealth-nations.pdf   2.1 MB | 846 downloads
don't predict direction, but dance with flow of water
  • #43,469
  • Oct 12, 2013 1:35pm Oct 12, 2013 1:35pm
' a commodity which is itself continually varying in its
own value, can never be an accurate measure of the value of other
commodities. Equal quantities of labour'

that's why I am asking real/absolute ref. "labour" is no more REF now a days!!!!

I have no formal education of economics!!!
don't predict direction, but dance with flow of water
  • #43,470
  • Oct 12, 2013 1:47pm Oct 12, 2013 1:47pm
ok, whats the purchasing power parity of this?
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  • #43,471
  • Oct 12, 2013 1:53pm Oct 12, 2013 1:53pm
ok too difficult?
whats the purchasing power parity of this?
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  • #43,472
  • Oct 12, 2013 1:56pm Oct 12, 2013 1:56pm
nothing if no real "labour" behind this one and may be 10000000000000$ if this one earn after doing labour equal to that, this is in a ideal sate! in real word things are different, as in Pakistan Govt snatch my 10% wealth in real term when devalue (unofficial) Pak ruppe 10%.
don't predict direction, but dance with flow of water
  • #43,473
  • Oct 12, 2013 2:01pm Oct 12, 2013 2:01pm
Quoting priceaction1
' a commodity which is itself continually varying in its own value, can never be an accurate measure of the value of other commodities. Equal quantities of labour' that's why I am asking real/absolute ref. "labour" is no more REF now a days!!!! I have no formal education of economics!!!
ok here have lesson.
don't worry, i trust you. by default.


http://en.wikipedia.org/wiki/East_German_mark
  • #43,474
  • Oct 12, 2013 2:05pm Oct 12, 2013 2:05pm
Quoting priceaction1
ah I wash I was there, 100-trillion bill of zimbabwe's is just 5$ after in 1970's end of brettonwoods era, no real system is backing the currency value, does adam samtih book "wealth of nation" have the ANS of this Q?? The real price of every thing, what every thing really costs to the man who wants to
{image}
so when the fed purchase real assets from banks[for ex subprime assets],where is it getting money from.everyone know they don't have equity of that magnitude.so the question is fed really buying all the labour just by printing money?the most important decision in democracy is taken by ppl who work for banks and r not responsible to the ppl at all. all praise be to Baal,another 10 days to go for fed 100yrs.happy 100th anniversary.
Allah has permitted trade and has forbidden interest [koran]
  • #43,475
  • Edited 2:26pm Oct 12, 2013 2:07pm | Edited 2:26pm
Quoting drzakir123
{quote} so when the fed purchase real assets from banks[for ex subprime assets],where is it getting money from.everyone know they don't have equity of that magnitude.so the question is fed really buying all the labour just by printing money?the most important decision in democracy is taken by ppl who work for banks and r not responsible to the ppl at all. all praise be to Baal,another 10 days to go for fed 100yrs.happy 100th anniversary.
whats the problem Dr.
You want payment for consultations in rice?
I have some squids.
any good , please?
or you want wait my hen lay me some eggs?

oops i forgot, my hen is imaginary. is not lawful have poultry in city. They smells. sorri
but if i start keeping some virtual ones on my computer, feed them daily.
may have some virtual eggs. whats that called already?

we wait after oct 17, i still have some usd.
I think they will find a solution, don't worry.

regards

can't remember the name something gammy.
same as this.

http://www.foopets.com/adoption

ooops no chicken.
let me check, may have some bit coins.
but becareful the static charge.

ai ya i forgot, i have koi.
also 4 wheels with tyre.
please?
  • #43,476
  • Oct 12, 2013 2:18pm Oct 12, 2013 2:18pm
oh look I have all the oil reserves and I sell only in USD$ to buy German and Japanese luxury item, so plz do the labour for USA to get usd$ for your oil bill.
(I read some where that Iran and Russia try to use eur instead of usd$!!)
don't predict direction, but dance with flow of water
  • #43,477
  • Oct 12, 2013 2:28pm Oct 12, 2013 2:28pm
Quoting fti
{quote} whats the problem Dr. You want payment for consultations in rice? I have some squids. any good , please? or you want wait my hen lay me some eggs? oops i forgot, my hen is imaginary. is not lawful have poultry in city. They smells. sorri but if i start keeping some virtual ones on my computer, feed them daily. may have some virtual eggs. whats that called already? we wait after oct 17, i still have some usd. I think they will find a solution, don't worry. regards
the problem is these ppl taking money out of my pocket and by the time I realise its too late,and I cant do anything.so take me as I am frustrated with the situation I am in,may all praise be to Baal the powerful.
by the way I am in such a profession and if I treat someone in jungle for loose motion with some root or prayer and if that man want to pay me in rice or jug of water or milk or chicken or eggs its acceptable to me.thank you.
Allah has permitted trade and has forbidden interest [koran]
  • #43,478
  • Oct 12, 2013 2:29pm Oct 12, 2013 2:29pm
paper mony what I think how it was start "in old days many temples and goldsmiths who had place to store gold, started a business to store people’s gold. People stored gold in exchange of a claim check. If one deposits a one-ounce gold, one gets a one-ounce claim check. People started to deposit their gold here and used the claim checks as money. People found that it has the same value as the gold they’ve deposited and they can claim anytime they want. All these papers are redeemable and they have the same value. This laid the foundation for the paper currency."
but now what we got
Fiat Money
Representative money has now been replaced by fiat money. Fiat is the Latin word for "let it be done". Money is now given value by a government fiat or decree, in other words enforceable legal tender laws were made. By law the refusal of "legal tender" money in favor of some other form of payment is illegal.
don't predict direction, but dance with flow of water
  • #43,479
  • Oct 12, 2013 2:31pm Oct 12, 2013 2:31pm
Quoting drzakir123
{quote} the problem is these ppl taking money out of my pocket and by the time I realise its too late,and I cant do anything.so take me as I am frustrated with the situation I am in,may all praise be to Baal the powerful. by the way I am in such a profession and if I treat someone in jungle for loose motion with some root or prayer and if that man want to pay me in rice or jug of water or milk or chicken or eggs its acceptable to me.thank you.

ok ok, last resort.
if i must i must.
any good please?
Attached Image
  • #43,480
  • Oct 12, 2013 2:32pm Oct 12, 2013 2:32pm
cough, cough cough.
sorri was from way back.
http://www.forexfactory.com/showthre...66#post5316066
i hope its still alive.



regards
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