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Technical Analysis Fallacy

  • #4,021
  • Jul 28, 2008 5:34am Jul 28, 2008 5:34am
Quoting DutchAngel
Could it be because 2 more banks failed in the US on Friday?
http://www.fdic.gov/bank/individual/.../banklist.html
Hi Dutchangel,
That's discounted already,
Seems the bailout is already in position, there is no run on the banks,
Just keep that at the back of your mind.
However, there seems no real impact.
Look like the market already knew that.
The question is whats gonna drive the market.
At the momment , lots of questions with no answers, which is normally the case.
Try feel the market temp, it may show you the way from here.
Mybias is still on Bull of USD and waiting for this retrace for directions.
The case ids for tight ranges, with possible Bear attacks,
be nimble always, be prepared for change .

regards

Inserted Video
  • #4,022
  • Jul 28, 2008 5:40am Jul 28, 2008 5:40am
Hi ALL,
here we go again?

reki out , remember you are on your own, feel it.
My bias is bull USD, just in case.
  • #4,023
  • Jul 28, 2008 5:40am Jul 28, 2008 5:40am
Quoting fti
Hi Dutchangel,
That's discounted already,
Seems the bailout is already in position, there is no run on the banks,
Just keep that at the back of your mind.
However, there seems no real impact.
Look like the market already knew that.
The question is whats gonna drive the market.
At the momment , lots of questions with no answers, which is normally the case.
Try feel the market temp, it may show you the way from here.
Mybias is still on Bull of USD and waiting for this retrace for directions.
The case ids for tight ranges, with possible Bear attacks,
be nimble always, be prepared for change .

regards

http://www.youtube.com/watch?v=VlB0atKzaZA
I am also bias on USD bull. G/U maybe the leader. The E/U increase by now is not impressive. Don't know at 12m what a FED official would say.

Take your words that "be nimble always and prepare for change".
  • #4,024
  • Edited 5:59am Jul 28, 2008 5:48am | Edited 5:59am
Quoting Green_David
I am also bias on USD bull. G/U maybe the leader. The E/U increase by now is not impressive. Don't know at 12m what a FED official would say.

Take your words that "be nimble always and prepare for change".
Hi David.
if this bull scout falls into the water , be careful not to rescue to eagerly,
the hr chartd sre not there yet. Rescue cautioudly, best not at all until bleeding stalls.

regards

OOps , he's in the waters, not dead yet, wait.
I/m letting him bleed.
  • #4,025
  • Jul 28, 2008 5:50am Jul 28, 2008 5:50am
Quoting fti
Hi Dutchangel,
That's discounted already,
Seems the bailout is already in position, there is no run on the banks,
Just keep that at the back of your mind.
However, there seems no real impact.
Look like the market already knew that.
The question is whats gonna drive the market.
At the momment , lots of questions with no answers, which is normally the case.
Try feel the market temp, it may show you the way from here.
Mybias is still on Bull of USD and waiting for this retrace for directions.
The case ids for tight ranges, with possible Bear attacks,
be nimble always, be prepared for change .

regards

http://www.youtube.com/watch?v=VlB0atKzaZA
fti

You right, I expected a lot more movement today as a result of collapsing banks, but is already discounted as you said. I like the dancing hamsters.
I sent the pdf to you finally. Sorry it took so long.
Hope isn't a viable investment vehicle.
  • #4,026
  • Jul 28, 2008 5:53am Jul 28, 2008 5:53am
Quoting fti
Hi David.
if this bull scout falls into the water , be careful not to rescue to eagerly,
the hr chartd sre not there yet. Rescue cautioudly, best not at all until bleeding stalls.

regards
my mind prepared the same thing , looks like we are waiting for euro to reach top of its swing ... usdjpy resisting to get weaker and got failure thrice on 107.60
To Live is the rarest thing in the world , Most people exist , that is all
  • #4,027
  • Jul 28, 2008 6:04am Jul 28, 2008 6:04am
Hi all, watching the e/u 5760 area to decide on which way to enter scout at the start of this next session.
  • #4,028
  • Jul 28, 2008 6:13am Jul 28, 2008 6:13am
Quoting DutchAngel
fti

You right, I expected a lot more movement today as a result of collapsing banks, but is already discounted as you said. I like the dancing hamsters.
I sent the pdf to you finally. Sorry it took so long.
Hi DutchAngel,

Thanks , I'll get on it when I finish trading.
Nothing to be sorry about,
trade well.

regards
  • #4,029
  • Jul 28, 2008 6:17am Jul 28, 2008 6:17am
Quoting lilpip
Hi all, watching the e/u 5760 area to decide on which way to enter scout at the start of this next session.
Hi lilpip,

Don't be too eager, everyones on the edge, being there the whole day,
easy, reki missions ok, don't be too into it yet, anyways, feel her.

She's probably sweeping, London has no clue for a few days already. Watch for fatigue.

regards
  • #4,030
  • Jul 28, 2008 6:20am Jul 28, 2008 6:20am
Quoting fti
Hi lilpip,

Don't be too eager, everyones on the edge, being there the whole day,
easy, reki missions ok, don't be too into it yet, anyways, feel her.

She's probably sweeping, London has no clue for a few days already. Watch for fatigue.

regards
10-4
  • #4,031
  • Jul 28, 2008 6:40am Jul 28, 2008 6:40am
Hi ALL,
becareful, when they line up like that, they are likely to try.
So don't be too in yet. watch for fatigue first.
Here goes again
Anyone missed mild rescue?
  • #4,032
  • Jul 28, 2008 6:56am Jul 28, 2008 6:56am
Quoting fti
Hi ALL,
becareful, when they line up like that, they are likely to try.
So don't be too in yet. watch for fatigue first.
Here goes again
Anyone missed mild rescue?
buffered , but scout still in
To Live is the rarest thing in the world , Most people exist , that is all
  • #4,033
  • Edited 7:19am Jul 28, 2008 7:02am | Edited 7:19am
Quoting maheswara
buffered , but scout still in

Good form, + correct startegy.
my rescue asking for a little more.
keep scout in for feel.
should be coming soon, don't be too eager, seems minefield .
don'r be too eager, yet

remember you are still on your own, feel !

rescue out,
scout out,
repositioning scout later.
No fatigue detected.
  • #4,034
  • Jul 28, 2008 7:12am Jul 28, 2008 7:12am
Quoting fti
Good form, + correct startegy.
my rescue asking for a little more.
keep scout in for feel.
should be coming soon, don't be too eager, seems minefield .
don'r be too eager, yet

remember you are still on your own, feel !
Seems USD strengthening, but volitility is not impressive at all.

Let's see how US stocks perform, and wish at 12:00 FOMC Member Mishkin will talk down E/U.
  • #4,035
  • Jul 28, 2008 7:28am Jul 28, 2008 7:28am
Quoting Green_David
Seems USD strengthening, but volitility is not impressive at all.

Let's see how US stocks perform, and wish at 12:00 FOMC Member Mishkin will talk down E/U.
Hi David,
What can we do,?
The whole world is watching grass grow !
Can't beat them , gotta join them.
Any way already got feww hundred $$ right?
Gotta wait and reposition when possible.
Watch.
I mean its mothing ROI wise, evry $ counts.
it will come only we don't know when.


regards

eei scout out again

preparing attack level 1, MILD one ok,

go go go

check your MM,
now try and find your own way , please.
  • #4,036
  • Jul 28, 2008 7:36am Jul 28, 2008 7:36am
creepy but good sign for bulls ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #4,037
  • Jul 28, 2008 7:50am Jul 28, 2008 7:50am
Quoting fti
Hi David,
What can we do,?
The whole world is watching grass grow !
Can't beat them , gotta join them.
Any way already got feww hundred $$ right?
Gotta wait and reposition when possible.
Watch.
I mean its mothing ROI wise, evry $ counts.
it will come only we don't know when.


regards

eei scout out again

preparing attack level 1, MILD one ok,

go go go

check your MM,
now try and find your own way , please.
Thank you for reminding me. Banked in some pips shorting G/U this afternoon, scout still in bleeding.

Yeah, there is no news and only one data release by now. Maybe E/U went down below 5740, it could be a start of attack. Maybe today has no killing oppotunity at all.

Wondering if E/U could devolop something similiar to July 4~July 9. Be nimble, nimble, not rigid due to positions holding.

BTW, I openned an account with a local bank(that business was suspened by authorities this month), the spread is 10 pips for majors, very difficult to scalp. Wonder what is your spread in bank account. In Hong Kong, you can open margin accout with max leverage of 20 times with Heng Seng Bank, Bank of China, City Bank(15 times), and some Securities company.

David
  • #4,038
  • Jul 28, 2008 7:52am Jul 28, 2008 7:52am
Hi ALL,
Ah ya not so smart , hit mines.
Now bleed for a while still.
don't wanna watch grass groe , paying for it. LOL
  • #4,039
  • Jul 28, 2008 7:53am Jul 28, 2008 7:53am
Hi Guys,

till now I played s the short side of USDJPY with good profits.
Now I'M squared and waiting wich side will be favorite after the US equities are on ...
  • #4,040
  • Edited 8:04am Jul 28, 2008 7:54am | Edited 8:04am
Watching...met my day targets..

So
E/U 5790 or 5720, that is the question?
Most people around here says 5720...me? ...5790..
Pair on Resistance...if it drops again velow 50...then I lose..

I am dollar bear...we will see..

Edit: still seeing EU and G out of sync on the 1h...I guess somebody is buying Eu.
Empty as water and soft as a facing wind mountain
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