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Technical Analysis Fallacy

  • #3,241
  • Jul 10, 2008 11:35am Jul 10, 2008 11:35am
Quoting Zoran
Isn't the "hip" around 60? So we can expect your position to be good shortly? Action looking good too.
No, zoran,
the lop was at 1.5700/20 region but unfortunately due to ben we couldn't capiytalise on that. No hips in sight, so the sky's the limit for the mom.

Now just trainee dealers playing screen, gotta wait for the big boys.
but of course if the trainees. like to take the market for a spin, we can spar.

Actually , later when chet comes on. the American interbank would be in snooze mode(their normal protocol). Direction can be gauged from the FX futures exchanges. if you please, the CME.

regarsd
  • #3,242
  • Jul 10, 2008 11:47am Jul 10, 2008 11:47am
fti,
ive been playin yen on the short side since yesterday.
The strength in usd worries me.

sre we looking at a return of the carry markets?
seems like a good setup to long stocks...
  • #3,243
  • Jul 10, 2008 11:53am Jul 10, 2008 11:53am
bot 1 eurusd x market filled 1.5773
  • #3,244
  • Jul 10, 2008 12:02pm Jul 10, 2008 12:02pm
Quoting jest1081
fti,
ive been playin yen on the short side since yesterday.
The strength in usd worries me.
Don't see much USD strength on daily charts, bias bear USD
sre we looking at a return of the carry markets?
basically, USD, weaker rates, so negative carry, weaker FX unattractive, (plain ugly proposition)
seems like a good setup to long stocks...
Sorry equity , not my cup of tea, although I am old uncle
Actually equity is bad proposition as well, with this galloping inflation the world is experiencing. unless you are a devalued dividents happy INVESTOR. If you are good holder, I am sure they'll be worth something by 2100.
regards
  • #3,245
  • Jul 10, 2008 12:09pm Jul 10, 2008 12:09pm
lol. fti. thanks. how old will i be ummmmmm. lol
  • #3,246
  • Jul 10, 2008 12:29pm Jul 10, 2008 12:29pm
sold x2 x eurusd x1.5771

only scout 75 is still in
  • #3,247
  • Jul 10, 2008 12:34pm Jul 10, 2008 12:34pm
Quoting fti
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
Hi, fti:

A question. You bought E/U around @57770 today? A little of chasing? Why you didn't send scout @5720(from 20:55 to 21:00)? I reduced most short E/U positions around 5720, leaving the scout still in the battlefield (openned @5873 one week ago).

No challenge, just some doubts.

Regards

David
  • #3,248
  • Jul 10, 2008 12:34pm Jul 10, 2008 12:34pm
Quoting jest1081
lol. fti. thanks. how old will i be ummmmmm. lol
When trading equities, you would be a speculator in bullish markets,
and when in bearish markets , you are INVESTOR.
So when in equities, you are a very thoughtful person, to invest and only benefit the next generation or the broker whoever is luckier.

regards
  • #3,249
  • Jul 10, 2008 12:46pm Jul 10, 2008 12:46pm
Quoting Green_David
Hi, fti:

A question. You bought E/U around @57770 today? A little of chasing? Why you didn't send scout @5720(from 20:55 to 21:00)? I reduced most short E/U positions around 5720, leaving the scout still in the battlefield (openned @5873 one week ago).

No challenge, just some doubts,

Regards

David
What's your doubts?

regards
  • #3,250
  • Jul 10, 2008 12:46pm Jul 10, 2008 12:46pm
Don't you guys sleep?

And i thought i was the crazy one!
Still waters run deep
  • #3,251
  • Jul 10, 2008 12:52pm Jul 10, 2008 12:52pm
Quoting barak
Don't you guys sleep?

And i thought i was the crazy one!
Hi barak,
if you are pro Forex trader , you'll be crazy , if you sleep.
we toll into the nights while others slept their fortunes away.

regards
  • #3,252
  • Edited 1:39pm Jul 10, 2008 1:01pm | Edited 1:39pm
Quoting Green_David
Hi, fti:

A question. You bought E/U around @57770 today? A little of chasing? Why you didn't send scout @5720(from 20:55 to 21:00)?
Because, ben was talking the market
I reduced most short E/U positions around 5720, leaving the scout still in the battlefield (openned @5873 one week ago).

No challenge, just some doubts.

Regards

David
Hi David,
Ok I guess you wanna know my postions.

Ok since the markets not moving,
This is my blotter after ben's testi.

Eur/usd
B x 1 x 1.5735
B x 2 x 1.5741
B x 6 x 1.5752
S x 8 x 1.5781
S x 1 x 1.5779
B x 1 x 1.5775 ----scout still open
B x 1 x 1.5766
B x 1 x 1.5773
S x 2 x 1.5771

Any problems?

Like I was telling , who was it,? i forgot.
the markets technically in test zone. outside reversal, counter-outside reversal and coiling, overnights are dangerous, if you like scouts are riskable. Any thing more, then the gambles on.

regards

Try not to follow this skew, it is tailored like this because it is in size. and the backup is large, goes up ot 7 levels.
  • #3,253
  • Edited 1:54pm Jul 10, 2008 1:22pm | Edited 1:54pm
bot 2 x eurusd x 1.5777

bot 3 x eurusd x 1.5782

bot 1 x eurusd x 1.5778

bot 1 x eurusd x 1.5779

bot 5 x eurusd x 1.5779
  • #3,254
  • Edited 2:28pm Jul 10, 2008 2:13pm | Edited 2:28pm
have overu clock space, into twinlight zone now.
may see thin swings before wellington comes in.

order sell 8 eurusd X 1.5785 ob
  • #3,255
  • Jul 10, 2008 2:33pm Jul 10, 2008 2:33pm
sold 8 x eurusd x 1.5785
  • #3,256
  • Jul 10, 2008 2:39pm Jul 10, 2008 2:39pm
sold 5 x eurusd x 1.5786

too tired, gotta sleep
Now squared, if like can leave one scout short USD.

Goodnight.
  • #3,257
  • Jul 10, 2008 2:43pm Jul 10, 2008 2:43pm
better short it around .5795/58

finally this thread aslo becoming dirty with trade calls
  • #3,258
  • Jul 10, 2008 2:54pm Jul 10, 2008 2:54pm
Quoting Srikanth
better short it around .5795/58

finally this thread aslo becoming dirty with trade calls
Hi there,

what do you mean by it?
What the hel is it? You are totally incoherent.

I am just showing some here my blotter, just to show them how I dance.
Please go trade your own positions.
Don't you wish you could see my blotter everyday.

Don't come here making uncalled for statements.
You probably haven't read the thread.
Anyway , snobs like you, probably won't understand a dang thing written here.

You are not welcomed here.
Bye bye rubbish. Poh tumbi !
  • #3,259
  • Jul 10, 2008 2:57pm Jul 10, 2008 2:57pm
hmm.. njoy dancing in your thread..buh bye!
  • #3,260
  • Jul 10, 2008 3:23pm Jul 10, 2008 3:23pm
Quoting Srikanth
hmm.. njoy dancing in your thread..buh bye!
Most here are v. happy to see Fti's entries and exits.

BYE!

as a side note, this is probably the only high rated thread on this forum where egos are left at the door. It's refreshing to come here and not be bothered by the normal BS that infiltrates the others.

So take the crap somewhere else.
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