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Technical Analysis Fallacy

  • #4,921
  • Aug 5, 2008 7:02am Aug 5, 2008 7:02am
News good for the bulls...deep TV analysis...
Actually, PA said this non-event!
I go in back as a bull
Empty as water and soft as a facing wind mountain
  • #4,922
  • Edited 7:22am Aug 5, 2008 7:05am | Edited 7:22am
USD BULLS resumes.
go small and add accordingly.

The yen boys are at it again.
So play with proper defense.
I suggest to baby sit through NY lunch,
There are engineers at work.
Don't be too large thru lunch,
react accordingly.

regards
  • #4,923
  • Aug 5, 2008 7:08am Aug 5, 2008 7:08am
Quoting fti
Hi David,
Don't worry , whats done is done . Let it go.

wait for the figs and fight again, fight well.
Hi, fti:

An axiom that, "always keep positions in profit, and cut the positions in loss". But I did the opposite, this morning I close short E/U position @5534, but kept long G/U scout position.

Unfortunately, the long E/U scout was stuck.

And then all the mistakes because of the first wrong steps.

Tried rescue the trapped rescues, only one fourth book loss covered. I think it will be a prolonged battle.

Rescue bad position by scalping is sooo hard.
  • #4,924
  • Aug 5, 2008 7:24am Aug 5, 2008 7:24am
Quoting Green_David
Hi, fti:

An axiom that, "always keep positions in profit, and cut the positions in loss". But I did the opposite, this morning I close short E/U position @5534, but kept long G/U scout position.

Unfortunately, the long E/U scout was stuck.

And then all the mistakes because of the first wrong steps.

Tried rescue the trapped rescues, only one fourth book loss covered. I think it will be a prolonged battle.

Rescue bad position by scalping is sooo hard.
David:
Hope That you will be fine till FOMC news
it's o'k to win ...
  • #4,925
  • Aug 5, 2008 7:28am Aug 5, 2008 7:28am
FTI:
Maybe I wrong but it looks like market is going to be dead till FOMC news
Regards,
it's o'k to win ...
  • #4,926
  • Aug 5, 2008 7:28am Aug 5, 2008 7:28am
Quoting zenseven
David:
Hope That you will be fine till FOMC news
It will be very volitile. I will be fine, thanks. .
  • #4,927
  • Aug 5, 2008 7:29am Aug 5, 2008 7:29am
I seriously do not know what this markets are waiting for.
But I feel that they are trying to spook people that only strong cash USD holders may be carrying the USD.
  • #4,928
  • Aug 5, 2008 7:36am Aug 5, 2008 7:36am
im long dollar avg @ 5480.
its gona be a long day i guess. i have a feeling i may have to drag this till tomm and wait for the asia boys push the trend. Looks like NY has no idea anymore...past few trading days, they've only been maintaining prices. I wonder where the ducks are sitting some one trigger em already...lol

suggestion, fti, why dun u try the 10mio trick on ur broker again. keke
  • #4,929
  • Aug 5, 2008 7:39am Aug 5, 2008 7:39am
Quoting zenseven
FTI:
Maybe I wrong but it looks like market is going to be dead till FOMC news
Regards,
Hi But FOMC is another 4 hours away.
You mean to say we have to go snooze?

I think there will be some play before that.

I think the markets expecting 25 basis hike.
I personally think no rate movement.
Maybe a promise next meeting. LOL

Technically , I am incline to carry at least a small long USD
long sword.
I got lots of pips from today to protect him.

@ David,
don't carry too large.
The crowd may be disappointed and you don't want to see them when they get disappointed. Trade carefully.


regards
  • #4,930
  • Aug 5, 2008 7:39am Aug 5, 2008 7:39am
Quoting jest1081
suggestion, fti, why dun u try the 10mio trick on ur broker again. keke
yes...and we get some liquidity
Empty as water and soft as a facing wind mountain
  • #4,931
  • Aug 5, 2008 7:46am Aug 5, 2008 7:46am
Quoting luSan
yes...and we get some liquidity

Hey thats nothing la in interbank,
I am not doing electronic brokers yet.
I think the dealer thought I was trying to do financial suicide. LOL

regards
  • #4,932
  • Aug 5, 2008 7:50am Aug 5, 2008 7:50am
10 mio is nothing? man how much are these guys paying for trades man. And u guys arent levereged right?

Thats frigggin crazy man, how much does it take to move a pip?
Man i must be wondering those skews i added up, and how many millions are moving with me as i double up...

gotta respect the market

you got a dealer? ummm can we cash in on some info? issit better to go thru that way? Why woudl you wnna consider an electronic broker now that you have a dealer?

ooohh shes moving now.
  • #4,933
  • Aug 5, 2008 7:57am Aug 5, 2008 7:57am
Hi ,
just to let people know .
Don't try to cross out your exposures for FOMC rates.
because all the USD swaps will be affected, so all forex markets will be impacted.

Just in case people didn;t know.

regards
  • #4,934
  • Edited 8:44am Aug 5, 2008 8:02am | Edited 8:44am
Quoting fti
Hi ,
just to let people know .
Don't try to cross out your exposures for FOMC rates.
because all the USD swaps will be affected, so all forex markets will be impacted.

Just in case people didn;t know.

regards
So my plan to go U/CHF long before the news to hedge my E/U is not a good idea?

So scalping mode till news is out...just got some...waiting for rebound to go short again...dancing at a short bias range...I bet I am wrong...and miss the bus...ah.

Edit: PA is saying I am wrong (11:42)...chase PA...NO!...why? 26 bars to news...no way..Jose!

I was going to experiment!

Gosh...Just notice we have 30 people watching the show..greeting to all
Empty as water and soft as a facing wind mountain
  • #4,935
  • Aug 5, 2008 8:15am Aug 5, 2008 8:15am
havent posted on this thread for sometime , but my ? is why did you go long g/u today when $ bull bias today? only tring to understand the mindset hope i didnt offend you , been reading this tread for sometime now . I tought maybe i should start participateing.
  • #4,936
  • Aug 5, 2008 8:17am Aug 5, 2008 8:17am
? was to Green David .. Sorry
  • #4,937
  • Aug 5, 2008 8:22am Aug 5, 2008 8:22am
Inch by inch (pip by pip)

Inserted Video
  • #4,938
  • Aug 5, 2008 8:24am Aug 5, 2008 8:24am
allright friends....scaling down the skew. good capital collected. i think i have enuff play along the fomc too.
  • #4,939
  • Aug 5, 2008 8:29am Aug 5, 2008 8:29am
Quoting vinn234
havent posted on this thread for sometime , but my ? is why did you go long g/u today when $ bull bias today? only tring to understand the mindset hope i didnt offend you , been reading this tread for sometime now . I tought maybe i should start participateing.
I was USD bias since G/U broke 2.0, E/U broke 1.6 again in July. And from that time I never longed these two pairs.

That is a scout of yesterday, today I found out it dropped over NY session. And then...

Traders make mistakes because of many reasons. Have you ever read "Reminiscenses"

I don't know, maybe market is angry I made some unreasonable high return over these period of time.

So, there are a lot enemies for a speculator, the biggest one is yourself.
  • #4,940
  • Edited 12:24pm Aug 5, 2008 8:36am | Edited 12:24pm
Quoting Piters
Inch by inch (pip by pip)

http://www.youtube.com/watch?v=WO4tI...eature=related
Thanks Piters.

There you have it people.
So what are you gonna do? LOL

regards
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