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Technical Analysis Fallacy

  • #3,221
  • Jul 10, 2008 9:17am Jul 10, 2008 9:17am
Looks like ben's singing old song, we are moving over to chet's camp.
Increasing firepower.
  • #3,222
  • Jul 10, 2008 9:23am Jul 10, 2008 9:23am
Quoting auxesis
That conjures up the image of Robert Duvall in “"Apocalypse Now" where he’s walking on the beach with mortar rounds and stray bullets flying everywhere.

regards,

a
Hi,
very busy ,
but nice to have runnin commemtary.

OK army OUT , leave scout
  • #3,223
  • Jul 10, 2008 9:36am Jul 10, 2008 9:36am
scout out.

now squared.
  • #3,224
  • Jul 10, 2008 9:37am Jul 10, 2008 9:37am
Quoting fti
scout out.

now squared.
Nice.
  • #3,225
  • Jul 10, 2008 9:48am Jul 10, 2008 9:48am
scout in - buy eur/usd x 1 @ 1.5767 ob.
  • #3,226
  • Edited 10:02am Jul 10, 2008 9:51am | Edited 10:02am
it hit my target on the pip, out for now. don't want to be a pig.

well, later it went a little further as usual, hehe.
  • #3,227
  • Edited 10:30am Jul 10, 2008 10:02am | Edited 10:30am
Quoting piccolo
it hit my target on the pip, out for now. don't want to be a pig.
Ok , just jesting, Bless your contented heart.

cfo buy eur/usd x 1 @ 1.5767 ob

scout in - buy eur/usd x 1 @ 1.5775 ob.
  • #3,228
  • Jul 10, 2008 10:05am Jul 10, 2008 10:05am
Quoting fti
Ok

cfo buy eur/usd x 1 @ 1.5767 ob

scout in - buy eur/usd x 1 @ 1.5775 ob.
hehe, at least I will sleep tonight.
  • #3,229
  • Edited 10:25am Jul 10, 2008 10:14am | Edited 10:25am
Quoting piccolo
hehe, at least I will sleep tonight.
OK, noted, going into NY lunch. will trade slightly up bias, now.
why sleep , this is better than sex.

Looks like we have to wait for chet game after ny lunch.

waiting for scout to get into position.

nothings gonna happen now, any questions?

@ piccolo, you could take a 2 hour nap and rejoin the market ,thats when something may happen. Now just range play.
  • #3,230
  • Jul 10, 2008 10:27am Jul 10, 2008 10:27am
I am watching Ben's testemony:

""they are asking for more power to supervise, - CONTROL over the major banks, Hedge Funds, ...

*** This is all about - I''ll say ***

(but litlle bit disapointed, this is america, not a third world country)
  • #3,231
  • Jul 10, 2008 10:37am Jul 10, 2008 10:37am
Quoting Piters
I am watching Ben's testemony:

""they are asking for more power to supervise, - CONTROL over the major banks, Hedge Funds, ...

*** This is all about - I''ll say ***

(but litlle bit disapointed, this is america, not a third world country)
In other words, he's just saying,
Banks misbehaving, I need a whip.

What's the use of whip against an elephant?

ok scout on board, while ny goes lunch.
  • #3,232
  • Jul 10, 2008 10:40am Jul 10, 2008 10:40am
Quoting fti
In other words, he's just saying,
Banks misbehaving, I need a whip.

What's the use of whip against an elephant?
You are going to play under my rules, or I am taking OVER...

**that's the message**

maybe it does happened in past, but now is to OPEN, to rude...
  • #3,233
  • Jul 10, 2008 10:51am Jul 10, 2008 10:51am
Quoting Piters
You are going to play under my rules, or I am taking OVER...

**that's the message**

maybe it does happened in past, but now is to OPEN, to rude...
the economy may just be ok, if people don't drop rates 75 basis just because some bank goes into Soc gen territory. shock medicine may revive the deceased, while live patients, should be under the microscope and medication, should be administered mildly, and adjusted periodical.
If people don't just panic and use up all their ammo indiscriminately, maybe there may be hope.Just my 2 cts.

regards

the scout's in BOT 1 eur/usd @ 1.5775, lets see.
  • #3,234
  • Jul 10, 2008 10:51am Jul 10, 2008 10:51am
Quoting fti
ok scout on board, while ny goes lunch.
Hi fti, do you use hip and lop actively?
  • #3,235
  • Edited 11:09am Jul 10, 2008 10:54am | Edited 11:09am
Quoting Zoran
Hi fti, do you use hip and lop actively?
yes, zoran
otherwise how to determine leg's shape.

now mkt 65
  • #3,236
  • Jul 10, 2008 11:15am Jul 10, 2008 11:15am
The market seems to be just bouncing between technical points/levels without conviction to direction.
  • #3,237
  • Jul 10, 2008 11:18am Jul 10, 2008 11:18am
Quoting auxesis
The market seems to be just bouncing between technical points/levels without conviction to direction.
Lunch time in NY,
bot x 1 x eurusd @mkt 1.5766

@auxesis,
dailychartwise,bias bear USD.
volitility legs vv high, therefore big battle on with the bull and bear.
difficult to ride,
options premiums vv high, from fair value.
gotta stay nimble.

regards
  • #3,238
  • Jul 10, 2008 11:24am Jul 10, 2008 11:24am
Quoting fti
Lunch time in NY,
bot x 1 x eurusd @mkt 1.5766
agreed range now 765 to 800, if trichet can rally the euro bulls for a new high?
  • #3,239
  • Jul 10, 2008 11:25am Jul 10, 2008 11:25am
Quoting fti
yes, zoran
otherwise how to determine leg's shape.

now mkt 65
Isn't the "hip" around 60? So we can expect your position to be good shortly? Action looking good too.
  • #3,240
  • Jul 10, 2008 11:29am Jul 10, 2008 11:29am
Quoting auxesis
agreed range now 765 to 800, if trichet can rally the euro bulls for a new high?
no real consiquense, will be playing into highs and toppish mountain ranges.
However, that's the chart bias fro the day charts.
A nice usd bull sweep would be nice to reposition before chet comes on though.
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