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Technical Analysis Fallacy

  • #3,601
  • Jul 18, 2008 6:14am Jul 18, 2008 6:14am
EUR/USD: ECB Speculation But Little Substance
Freitag, 18. Juli 2008 15:07:00


London, July 18. Talk doing the rounds of ECB sources suggesting/confirming that the executive council has not ruled out a further hike. It is this talk that has helped EUR/USD bounce off the 1.5808 lows. However, sustaining the gains will prove a different story with selling short-term strength likely to keep support into the 1.5800 level pressured. [i][email protected][/i]
  • #3,602
  • Jul 18, 2008 6:23am Jul 18, 2008 6:23am
Quoting MaMood
EUR/USD: ECB Speculation But Little Substance
Freitag, 18. Juli 2008 15:07:00


London, July 18. Talk doing the rounds of ECB sources suggesting/confirming that the executive council has not ruled out a further hike. It is this talk that has helped EUR/USD bounce off the 1.5808 lows. However, sustaining the gains will prove a different story with selling short-term strength likely to keep support into the 1.5800 level pressured. [i][email protected][/i]
Hi MaMood,

Thanks,
Funny that chet keps challenging Ben on its monetary policy.
Wonder if there's something in the deeper??

Anyways I am squared for the week. But this news you highlighted tickles me, will reki the ground out. Thanks again.

regards
  • #3,603
  • Jul 18, 2008 6:33am Jul 18, 2008 6:33am
Quoting fti
Hi MaMood,

Thanks,
Funny that chet keps challenging Ben on its monetary policy.
Wonder if there's something in the deeper??

Anyways I am squared for the week. But this news you highlighted tickles me, will reki the ground out. Thanks again.

regards
What ever you decide to do on the rumors - at least have a nice weekend!

Bye,
MaMood
  • #3,604
  • Jul 18, 2008 7:02am Jul 18, 2008 7:02am
Hi guys! How are u doing in this hard times. I am now in ramsgate learning english so i can't follow markets. Tommorow i go to london for 2 days so Zoran if you have time, we can meet us somewhere. Otherwise happy trading in this choppy markets
  • #3,605
  • Jul 18, 2008 7:46am Jul 18, 2008 7:46am
Quoting fti
hemal011,
NO, and stop guessing.
It is people like you who do not learn how to respect other peoples will and markets wishes , and the market will take you to hell.

Better learn some manners, it will stand you good, when you trade.
MINDSET OUT. I am sorry for you, you better learn.

When you trade and market tell you something , respect it and maybe you may be ok, challenge it and you will be dead before the cows come home.

Similarly when I tell you I dont want to reveal my identity, then take it as that. Maybe you would like to tell us who you are, thats your choice.

Who I am is of no consiquense to you, but what I try to show you about in trading. That you should ponder about.
Dear fti,

My apologies if I have offended you in anyway.

But if you notice that it was in just good fun spirit (like all the whipping and music) and even before you replied/denied to Zoran's request. So in no manner I intended to do anything against your wishes...it was just a coincidence that my post went before yours otherwise I would have never done that.

I have been reading this thread for sometime and learning a lot from your style. However, having said that I don't see it that offensive to make you angry. Apologies once again but you should not let others press your buttons in anyway whatsoever.

As you have demonstrated that you are the master of emotions so don't let any remarks from anyone trigger anything as well. I am toooo small and toooo young to teach you anything but again sometimes dumb rocks provides new learning oppurtunities just by being dumb. Everything exits together in a complex web of life.

Have a nice evening !

Regards,
  • #3,606
  • Jul 18, 2008 9:01am Jul 18, 2008 9:01am
Hi hemal011,

Had a nice dinner and night out. Sorry that you feel that way, what made you feel that I was angry at you.
No problem , friend.

It was just that I was disappointed that you may have a problem with imposing yourself on others, that, I guess is the problems faced by a large population of traders.

Nevertheless I was a little agitated that you would want to guess who I am. Something must have prompted you to guess Freddie. No matter. I am not he.

Its water under the bridge. No apologies necessary, but however remember your lesson, don't do that in markets,and chart patterns, call it as you see it, don't guess..

Sorry , that I was a little aggressive.
Have a nice weekend.

regards
  • #3,607
  • Jul 18, 2008 9:16am Jul 18, 2008 9:16am
Hi ALL,

Anyone still trading?
Seems in range yet.
Have a good weekend.
I am resting early tonight,
CU.

regards
  • #3,608
  • Jul 18, 2008 9:18am Jul 18, 2008 9:18am
Thanks and have a nice weekend yourself.

Yesterday, I was confused with the direction and your analysis of USD/JPY and that USD is gaining strength cleared the picture instantly.

I think your expertise on various markets( Oil, Futures market, and 3 kingdoms ) is priceless.


Thanks again for your teachings and insights.
  • #3,609
  • Jul 18, 2008 9:25am Jul 18, 2008 9:25am
Quoting hemal011
Thanks and have a nice weekend yourself.

Yesterday, I was confused with the direction and your analysis of USD/JPY and that USD is gaining strength cleared the picture instantly.

I think your expertise on various markets( Oil, Futures market, and 3 kingdoms ) is priceless.


Thanks again for your teachings and insights.
Hi,
You flatter me, thank you.
The credit belongs to DutchAngel.
I saw from the charts , some weird behaviours, and was thinking aloud
and she put the finishing touches to the puzzle with her info.

Nice weekend.

regards
  • #3,610
  • Jul 18, 2008 4:21pm Jul 18, 2008 4:21pm
Okay, for those interested, you can find my new spreadsheet/system in my journal found here --> Leighsww Journal

This is the last I will mention of it in this thread
  • #3,611
  • Edited Jul 21, 2008 12:23am Jul 20, 2008 11:44pm | Edited Jul 21, 2008 12:23am
Hi ALL,
the usd bulls wanna play.
Will London boys play?
Usd bulls leader is cable.
USD/Yen found a bottom and is in ambush mode.

Now watching London boys
London seems USD bears or are they sweeping?
waiting for coil to explode now.
London boys are USD bear !
  • #3,612
  • Jul 21, 2008 12:23am Jul 21, 2008 12:23am
Quoting fti
Hi ALL,
the usd bulls wanna play.
Will London boys play?
Usd bulls leader is cable.
USD/Yen found a bottom and is in ambush mode.

Now watching London boys
London seems USD bears or are they sweeping?
waiting for coil to explode now.
Looks like weak USD for now...
  • #3,613
  • Jul 21, 2008 12:25am Jul 21, 2008 12:25am
Quoting fti
Hi ALL,
the usd bulls wanna play.
Will London boys play?
Usd bulls leader is cable.
USD/Yen found a bottom and is in ambush mode.

Now watching London boys
London seems USD bears or are they sweeping?
waiting for coil to explode now.
Hi fti,hi all!

Hope you all have had a nice and relaxing weekend!

Just want to give you some infos:

- the asian session was allmost calm due to japan holidays today
- there are no/or no major fundamental news events sheduled for the day

From my point of view there is no direction for the USD atthe moment. Maybe a soft short bias from the London boys???
I decided to wait a little longer, till the sun will come out and will show me the direction ;-)
  • #3,614
  • Jul 21, 2008 12:27am Jul 21, 2008 12:27am
Maybe this can give you some hints:

0722 GMT [Dow Jones] Net short USD positions held by speculators on the Chicago Mercantile Exchange rose $12.1B in the week to last Tuesday to $23.6B, the highest level since March 2000, says ABN Amro. The bank notes that while net EUR longs remained largely unchanged, speculators flipped to net long from net short positions in the GBP, CHF and CAD. The largest move came, however, in the sharp rise in net JPY longs. The bank suggests some of the USD shorts may have since been reversed given the USD's rise since last Tuesday's close. (NEH)

Contact us in London. +44-20-7842-9464
[i][email protected][/i]


(END) Dow Jones Newswires
July 21, 2008 03:22 ET (07:22 GMT)
  • #3,615
  • Jul 21, 2008 12:28am Jul 21, 2008 12:28am
Quoting fti
Now watching London boys
London seems USD bears or are they sweeping?
waiting for coil to explode now.
London boys are USD bear !
You sure they aren't just sweeping?

Dang, I got a LONG on Swissy! lol
  • #3,616
  • Jul 21, 2008 12:32am Jul 21, 2008 12:32am
Quoting fti
Hi ALL,
the usd bulls wanna play.
Will London boys play?
Usd bulls leader is cable.
USD/Yen found a bottom and is in ambush mode.

Now watching London boys
London seems USD bears or are they sweeping?
waiting for coil to explode now.
London boys are USD bear !
Good Morning,
tight range with for E/U and no news today...it might stay there for a while....your U/J is falling..
Empty as water and soft as a facing wind mountain
  • #3,617
  • Jul 21, 2008 12:38am Jul 21, 2008 12:38am
Quoting leighsww
You sure they aren't just sweeping?

Dang, I got a LONG on Swissy! lol
Nope, Leighsww,but from the charts point of view,
looks like the USD bears are in town for now.
  • #3,618
  • Jul 21, 2008 12:52am Jul 21, 2008 12:52am
Quoting fti
Nope, Leighsww,but from the charts point of view,
looks like the USD bears are in town for now.
Okie-dokie

Okay, I'm off to bed. Don't go racking up 10 pages worth of posts, now, cuz then too much to catch up with when I get up! *whip*

Have FUN all!
  • #3,619
  • Jul 21, 2008 12:58am Jul 21, 2008 12:58am
Quoting leighsww
Okie-dokie

Okay, I'm off to bed. Don't go racking up 10 pages worth of posts, now, cuz then too much to catch up with when I get up! *whip*

Have FUN all!
OK, cu
geranimo,oops, gotta get outside the house first, ceiling blocking.
But hey its raining over here !
  • #3,620
  • Jul 21, 2008 12:58am Jul 21, 2008 12:58am
Quoting leighsww
Okie-dokie

Okay, I'm off to bed. Don't go racking up 10 pages worth of posts, now, cuz then too much to catch up with when I get up! *whip*

Have FUN all!
Bed? the party is just getting started!
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