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Technical Analysis Fallacy

  • #4,301
  • Jul 30, 2008 12:47am Jul 30, 2008 12:47am
Quoting Green_David
No more pics.

Battlestation now. Scout of G/U & E/U short already in. Wait to confirm or rescue.

Wonder where is FTI?
He's probably gotten some rest while waiting on his girls to shake their hips and give some kind of indication their ready to dance.

He probably wont be around today as he said he was going to focus and work his gals without distraction.
  • #4,302
  • Edited 2:26am Jul 30, 2008 12:48am | Edited 2:26am
Quoting Green_David
No more pics.

Battlestation now. Scout of G/U & E/U short already in. Wait to confirm or rescue.

Wonder where is FTI?

He takes a long long hard earnt rest

Scout out too:

B x 1 x USDJPY x 107.98
B x 3 X USDJPY x 108.11 (0552 GMT)
S x 3 X USDJPY x 108.21 (0617 GMT) PT in front of yesterday high
B x 1 X USDJPY x 108.15 (0623 GMT) 2pip slippage against me
B x 1 X USDJPY x 108.10 (0628 GMT)

0637 GMT - short term direction unclear. Rescue L1 possible ...
0644 GMT - will reduce my exposure in front of LO, average 108.07

S x 1 X USDJPY x 108.09 (0646 GMT) reduced exposure

0654 GMT - waiting for clear direction after dust has settled after LO. Size is ok. There are enough troops waiting on my side ...
0726 GMT - still waiting to get my rescue well timed
  • #4,303
  • Jul 30, 2008 12:52am Jul 30, 2008 12:52am
what a volitility!!!

Scout in money, first mild attack of E/U in.

OK, I will concentrate on trading, talk later.
  • #4,304
  • Jul 30, 2008 1:03am Jul 30, 2008 1:03am
Why the big drop in pound?
  • #4,305
  • Jul 30, 2008 1:13am Jul 30, 2008 1:13am
Quoting MaMood
He takes a long long hard earnt rest

Scout out too:

B x 1 x USDJPY x 107.98
B x 3 X USDJPY x 108.11 (0552 GMT)
Yen is still leading. Any news from your platform, mine has none yet.
  • #4,306
  • Jul 30, 2008 1:36am Jul 30, 2008 1:36am
Quoting Green_David
Yen is still leading. Any news from your platform, mine has none yet.
No, nothing special.
  • #4,307
  • Jul 30, 2008 1:42am Jul 30, 2008 1:42am
Quoting MaMood
No, nothing special.
Watch out size. It could be a stop loss sweep, and sort of chasing the market.

Rumor from my platform that, decent demand from 5550 up brought the e/u reboud just now.
  • #4,308
  • Jul 30, 2008 1:48am Jul 30, 2008 1:48am
Quoting Green_David
Watch out size. It could be a stop loss sweep, and sort of chasing the market.

Rumor from my platform that, decent demand from 5550 up brought the e/u reboud just now.

Thanx for that reminder!!!
I did reduce sizes

I updated my blotter with the steps in the meantime at my first post above....
http://www.forexfactory.com/showpost...postcount=4308
  • #4,309
  • Jul 30, 2008 1:51am Jul 30, 2008 1:51am
Rumor: G/U s/l below 9760/50
  • #4,310
  • Jul 30, 2008 1:56am Jul 30, 2008 1:56am
eur seems to be forming a base here, either the range extends or the market is telling that its not ready to move any lower, the london boys does not seem to take the bait, sent in small probe...long eu.
  • #4,311
  • Jul 30, 2008 2:03am Jul 30, 2008 2:03am
Quoting jest1081
eur seems to be forming a base here, either the range extends or the market is telling that its not ready to move any lower, the london boys does not seem to take the bait, sent in small probe...long eu.
Hi jest,

the 3 kingdoms are pointing in your direction.
We will see ...
  • #4,312
  • Jul 30, 2008 2:06am Jul 30, 2008 2:06am
Quoting MaMood
Thanx for that reminder!!!
I did reduce sizes

I updated my blotter with the steps in the meantime at my first post above....
http://www.forexfactory.com/showpost...postcount=4308
I didn't reduce the size(my spreads are high, E/U 3pips, G/U 5).

S/L sweep confirmed.

Preparng rescue 5600, 5620, depending on situation.
  • #4,313
  • Jul 30, 2008 2:09am Jul 30, 2008 2:09am
Quoting jest1081
eur seems to be forming a base here, either the range extends or the market is telling that its not ready to move any lower, the london boys does not seem to take the bait, sent in small probe...long eu.
yes, 100 pips of rebound is not surprising.
  • #4,314
  • Jul 30, 2008 2:20am Jul 30, 2008 2:20am
the 3 kgd's are fighting @ psychological strong numbers: 1.56, 108.00 and 1.9800.
No idea who is leading ....
  • #4,315
  • Jul 30, 2008 2:24am Jul 30, 2008 2:24am
Quoting MaMood
the 3 kgd's are fighting @ psychological strong numbers: 1.56, 108.00 and 1.9800.
No idea who is leading ....
Rumor says 5600, and 5620 some offers there.

No major news until NY open.
  • #4,316
  • Jul 30, 2008 2:24am Jul 30, 2008 2:24am
scouts in for dollar longs, i am not ready to turn the coat yet.
  • #4,317
  • Jul 30, 2008 2:28am Jul 30, 2008 2:28am
Rumor: a German bank branch in S'pore is supplying @5600.

Reminder: the price/chart is always the king.
  • #4,318
  • Jul 30, 2008 2:32am Jul 30, 2008 2:32am
Good morning, E/U is going up fast even without any news...suspicious...
Empty as water and soft as a facing wind mountain
  • #4,319
  • Jul 30, 2008 2:35am Jul 30, 2008 2:35am
Quoting MaMood
Hi jest,

the 3 kingdoms are pointing in your direction.
We will see ...
mamood
1 scout in @ 589
bot 2 @ 600

morning lusan!
  • #4,320
  • Jul 30, 2008 2:36am Jul 30, 2008 2:36am
Quoting luSan
Good morning, E/U is going up fast even without any news...suspicious...
Maybe big brothers haven't waken up.

I am a early bird, but been eaten instead of eating bugs.
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