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Technical Analysis Fallacy

  • #3,501
  • Jul 17, 2008 5:02am Jul 17, 2008 5:02am
Quoting fxa
seems, that someone shouted retraceee instead ...
It wasn't me
Hope isn't a viable investment vehicle.
  • #3,502
  • Jul 17, 2008 5:02am Jul 17, 2008 5:02am
Quoting fti
Hi,
Long USD
Eurusd 1.5862 ave level 2 attck
Checking your music out
why break? give it 1h and we will have a direction most likely.
  • #3,503
  • Jul 17, 2008 5:05am Jul 17, 2008 5:05am
Hi.

never mind, more dollars to be collected.
before it happens.
  • #3,504
  • Jul 17, 2008 5:09am Jul 17, 2008 5:09am
Quoting piccolo
why break? give it 1h and we will have a direction most likely.
In 20 mins we have 3 news releases. should give it a jolt.
Hope isn't a viable investment vehicle.
  • #3,505
  • Jul 17, 2008 5:49am Jul 17, 2008 5:49am
Quoting DutchAngel
In 20 mins we have 3 news releases. should give it a jolt.
I am beginning to enjoy the news... My news dance:
How?
1-stay out
2-listen to the news-dream a little on economics...pretend you are smart
3- wait and see how pa react
4- go with pa until 1M stabilize then take your profit
5. smile...I just did

See my steps:
1- scout out
2- close scout and bring out 2nd wave
3- third wave out
4-bring all home

Note the green of profit taking on going just after I closed my trades...
Attached Image
Empty as water and soft as a facing wind mountain
  • #3,506
  • Edited 6:15am Jul 17, 2008 6:02am | Edited 6:15am
Quoting piccolo
why break? give it 1h and we will have a direction most likely.
Hi
for you no cheese cake. LOL

Evyone else 2nd helping on the way.
Was a scary one, at one moment . I had USD piled up to the ceiling.
  • #3,507
  • Edited 6:28am Jul 17, 2008 6:17am | Edited 6:28am
Now evrybody say, cheese!

15800 is nice figure isn't it?
maybe 15775 looks sexier?

Sure would be nice to have some cooperation from the queen's knights.
Why so , quite ?

Now we should be singing , 9 euro bottles sitting on the wall.
and...
  • #3,508
  • Jul 17, 2008 6:32am Jul 17, 2008 6:32am
Hi All,
Does anyone understand what I am babling about?
ie am I coherent to anyone?
  • #3,509
  • Jul 17, 2008 6:33am Jul 17, 2008 6:33am
Quoting fti
Hi All,
Does anyone understand what I am babling about?
ie am I coherent to anyone?
eur has resistance where as gbp is clibing jpy hardly moving:nerd:

does't make sense......

Queen's knight did cooperate by coming down but ...
  • #3,510
  • Jul 17, 2008 6:37am Jul 17, 2008 6:37am
Quoting fti
Hi All,
Does anyone understand what I am babling about?
ie am I coherent to anyone?
Can you be more explicit Fti?
  • #3,511
  • Jul 17, 2008 6:37am Jul 17, 2008 6:37am
Quoting ksl
eur has resistance where as gbp is clibing jpy hardly moving:nerd:

does't make sense......
Hi ,
that's cos' our friends ,from the land of the rising sun had been at it the whole day
(refer hourly charts)
while the Eur and cable slept.
Its about time for them to get into gear, don't you think?
were you sleeping too,? What have you been smoking? LOL

update: now we have 11 bottles sitting on that wall.
sorry , you re on your own, battlestations.
  • #3,512
  • Jul 17, 2008 6:44am Jul 17, 2008 6:44am
Quoting fti
update: now we have 11 bottles sitting on that wall.
fti, I hope you are not drinking..

could it be that you are counting 5min bars on eurusd?
  • #3,513
  • Jul 17, 2008 6:45am Jul 17, 2008 6:45am
Quoting fti
Hi ,

were you sleeping too,? What have you been smoking? LOL

update: now we have 11 bottles sitting on that wall.

yeah thats sleepy me.
11 bottles, now 12 broke through minor resistance ... ?
  • #3,514
  • Jul 17, 2008 6:48am Jul 17, 2008 6:48am
Quoting fti
Hi All,
Does anyone understand what I am babling about?
ie am I coherent to anyone?

to be honest: No - sorry.

It's somewhat difficult for me as non native english speaker.
The other prob: I'm not used to all this pictures and shortcuts like:
- queen's knights
- 9 euro bottles sitting on the wall and...
- land of the rising sun
  • #3,515
  • Jul 17, 2008 6:50am Jul 17, 2008 6:50am
Quoting MaMood
to be honest: No - sorry.

It's somewhat difficult for me as non native english speaker.
The other prob: I'm not used to all this pictures and shortcuts like:
- queen's knights
- 9 euro bottles sitting on the wall and...
- land of the rising sun
read your signature again.
  • #3,516
  • Jul 17, 2008 6:50am Jul 17, 2008 6:50am
sorry not clear to me...is it like eleven green candles on 5 min EUR?USD chart ? start of another down wave ?
  • #3,517
  • Jul 17, 2008 6:51am Jul 17, 2008 6:51am
Quoting ksl
yeah thats sleepy me.
11 bottles, now 12 broke through minor resistance ... ?
who is selling of the dollar with such good data?
  • #3,518
  • Jul 17, 2008 6:52am Jul 17, 2008 6:52am
Quoting MaMood
to be honest: No - sorry.

It's somewhat difficult for me as non native english speaker.
The other prob: I'm not used to all this pictures and shortcuts like:
- queen's knights
- 9 euro bottles sitting on the wall and...
- land of the rising sun
queen's knights - gbp
land of rising sun - japan
bottles on wall - song that bottles fall of one at a time so if there were 9 now there are 8

Correct me if i am wrong fti, cos i am smoking something, no worries tho everything is legal here in Holland
Hope isn't a viable investment vehicle.
  • #3,519
  • Jul 17, 2008 6:59am Jul 17, 2008 6:59am
Even when I am out b/c I have other things to do...you guys are having so much fun...

watch out...Euro facing a wall at 5880...what kind of stuff will they throw over board?...Something brown?
Empty as water and soft as a facing wind mountain
  • #3,520
  • Jul 17, 2008 7:03am Jul 17, 2008 7:03am
Quoting fti
Hi all,

@Qu|cksilver,
Thanks Qu|cksilver for your PM and vouch, I hope my followed up post, have touched on some important points for you.

@leighsww, Thanks for your kind words. Like I said before size doesn't matter. (even naked)
How's your trading, Did the bus you caught get you where you wanted to go?
Dollars seems still soft, so time yourself well.
By the way, I hope your're still runing around the market naked. :-)

@ masterpiecefx

The truth is the market is actually a battlefield. And do not be mistaken that anyone can move it as they pleases. But don't be mistaken that the Banks are there to Screw traders up, Their role is as custodian and moderator(if you like to the activities) Marketmakers (Interbank, not those you may be familiar with) They are liquidity providers helping large corp orders get filled. esp when mkt thins out and orders at at different level staring at each other, So they move around with price shades to try to get the orders to match out. therby providing a service to the corp. community.
To transfer risk from party to party. They move together because they can actually "feel" each other from the way the prices are quoted. How its shading , whethers its tearing, where certain sector are scuttering because they have been hitted by giant corp. You would be suprised at how large some order get. Imagine a customer calling you for a price to deal for 500 million USD on 1 price. What would you do? And for info that's middium cust. Do you know what's the daily transacted volume?

Maybe if you will ponder on this questions ?
What is the market you are actually trading in?
Whos market is it? whos the owner?
Why does it move? What makes it move?
Have you heard of "open market operation"?

We are actually going into the Structure of the Markets.
If you have time, read this link carefully.

http://www.ny.frb.org/education/addpub/usfxm/
also wiki about "Bretton Woods Agreement"

For Indept understanding read this book, I think may be out of print. try library
"Paper Money" by Adam Smith, dell publishing Co copyright by George J W Goodman.1981


regards
hello, don't have much time reading posts on forum, this one is quite interesting, but www.gann.co.uk are very serious people practicing Gann techniques....don't forget to name me if anything happens) miko (from poland)
Concentration - Discipline - Patience
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