I care about how it influences price action... cause tt's how I make money my friend. Doesn't really matter if they are even useful or not, if enough big money thinks they are, they affect the market and tt's all that really matters now yes? =)

Technical Analysis Fallacy

For Whomever's Interested — This influences the way I speculate quite abit and I apply Jame's principles using an understanding along these lines. Just an fyi for whomever is interested. Joelcf?

james16 Chart Thread

Well. With an over all crap EZ. We expect the whole zone to be not so great wrt the US in terms of growth, etc. BUT! On the other hand, weak eur = good for major exporters. Who? Germany. Tell u what mate, attached a file for u. Take a read.

Technical Analysis Fallacy

Hey Mark, sorry, don't mean to jump on your points. No offense intended. That swap line btw ECB + BoJ to Fed. That's telling me they're open to e Fed's printing of money and swapping them into Euro or JPY. Fed can print money. The 3 major C/banks ...

Technical Analysis Fallacy

Not met any one who started out in the markets who didn't burn out one or 2 accounts. We're in an industry where the individual has to really "GET IT".. for anything/everything applicable. Dial mentioned something similar as well in an old old ...

james16 Chart Thread

yeah. agree. it's sentiment gone to an extreme... real bad PMS. Heh.

Technical Analysis Fallacy

I think this is general risk aversion across the board. Triggered of course by the EZ situation. We could see markets go from "recovery! recovery! recovery" to "recovery! eurozone...goldman sachs... recovery" to "goldman sach! EURO ZONE! EURO ...

Technical Analysis Fallacy

Haha. G'day sir, I have the same pic. Mine reads abit diff though.

Technical Analysis Fallacy

Matie, I'm sorry to hear abt ur girl. It sucks and I think we've all been there @ some point in time. Give yourself some time. The world does not revolves ONLY around markets but our lives do affect our market performance...greatly.. For the ...

Technical Analysis Fallacy

"When you have to shoot, shoot. don't talk" ? Yup. =) but there are also some thing that can get quite close to the "sure thing". What tt is is different for everyone though.

james16 Chart Thread

Ahh... the mental jack off mate? Aka denial in certain contexts.

james16 Chart Thread

I respectfully disagree with para1. Again, that's how big man James did it. As I mentioned a few times here b4, I have a close friend that made about 1000% in the past 7 months. Turned a small 4 fig a/c to a high 5 figure one. It's about comfort ...

james16 Chart Thread

Yeah. I really MUST say that I strongly disagree, but then again that is just me. Some people are comfortable with different timeframes and number of pairs... all contingent on method and psychology. Ryanmcd loves the 5min. I've found my comfort ...

james16 Chart Thread

Overall sentiment seems to be pretty positive. Market is thinking about great earnings they're seeing this season now and assuming more or less that the political will is going to be strong enough to pull the EZ through this Greece thingo. Risk of ...

Technical Analysis Fallacy

I am pretty sure not all the crap has hit the fan yet. Debt downgrade might also mean more collateral is needed since bank/govt credit ratings are crappier than previously thought. (crisis of confidence). In other words, dowtrend in EU is not dead ...

Technical Analysis Fallacy

Ahhh... yes yes, indeed. It's like the pic in picolo's signature. Let me go off an a mini philo-quote rant since we're on this topic. Ayn Rand: “To achieve, you need thought. You have to know what you are doing and that's real power.” “The ...

Technical Analysis Fallacy

Actually gold's move is rational from an intermarket point of view. Gold is the "OHSHITT!" asset. The debt situation fits into this. Asian Crisis during 1997, 1998 Russian Debt Default gold also did an "ohshit!" as well. Not to forget the Saudis and ...

Technical Analysis Fallacy

Greek & portugese debt got downgraded bro. =) All over bloomberg

Technical Analysis Fallacy

Ah.. i see. I've stopped listening to these folk. Nothing against them. They're well informed, but well, it's their opinion. I found it biased my speculation abit too much. I might not be as well informed as them, but I've got conviction in my ...

Technical Analysis Fallacy

Actually guys, I don't quite agree to this statement. Yeah, while we can argue the US is bankrupt etc, but well, technically, so is Japan with debt : GDP forecast is about 197%. It's about perceived growth. US manufacturing & services numbers are ...

Technical Analysis Fallacy