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Technical Analysis Fallacy

  • #4,821
  • Edited 9:28am Aug 4, 2008 8:51am | Edited 9:28am
S x2 x 91

squared

Bx 0.8 x 602

Bx 0.8 x 592

Sx 1.6 x 628

squared
  • #4,822
  • Aug 4, 2008 9:25am Aug 4, 2008 9:25am
Quoting fti
S x2 x 91

squared

Bx 0.8 x 602

Bx 0.8 x 592

Sx 1.6 x 628
Now, it is your happy hours. The fat lady started singing.
  • #4,823
  • Aug 4, 2008 9:36am Aug 4, 2008 9:36am
Quoting Green_David
Now, it is your happy hours. The fat lady started singing.
Hi David, still need more.
How's you position after the fig?
  • #4,824
  • Edited 10:05am Aug 4, 2008 9:46am | Edited 10:05am
Quoting auxesis
was that a reversal?

Change on wind should have asked
Had to turn on wind,
1st scout
conservative mode
, felt the push after fig not there
2nd scout straight out of court

rescued failed.
had no choice push thru the 75 like butter.
lucky to get 76 to turn onwind.

funny that fig was good for usd 1.7 expected 0.6

remember the whole day market long usd, kept tripping on each other.
so whole market was long, waiting for the break.
on the mach orders I jumped the gun bot the high.
didn't dare to attack still bull usd,
but had to follow the flow.
Thats why took profits vv quickly.
I think mkt may not have turned on wind, so may still be bear USD strength,
but cannot try too large,
watch 00/10 levels . it will tell us, there.

Goodluck,

regards
notice now 3 kings vvery in line,
so the crosses cannot engineer, should be the push for now,
remember trade although on wind is against trend .
remember the chart I marked earlier, refer again.
  • #4,825
  • Aug 4, 2008 9:47am Aug 4, 2008 9:47am
So this leg is done...so now we get a short leg, right?
Empty as water and soft as a facing wind mountain
  • #4,826
  • Aug 4, 2008 9:48am Aug 4, 2008 9:48am
Closed all profitable G/U positions and L1 E/U attack with 10 pips.

After the news 8:30, another E/U attack, cut loss @5605. Booked-in small loss. Only one scout of E/U still in the market.

I saw something wrong when E/U went up 5576, but no courage to take loss and make a U-turn. Trigger problem again!!!

I think today is not a good opportunity to have strong attack. There would be FOMC announcement tommorrow mid-night.

G/U is weaker than E/U.
  • #4,827
  • Edited 10:21am Aug 4, 2008 10:09am | Edited 10:21am
Quoting Thenew
Fti And Ani One Else Can Comment On This Please?
I Am Seing From Last 1h Or 2h A Strong Impulse (dollar Bulls), Can This Be The Well Informed People That Are Already Buyng Dollars Because They The News Will Come Good For Dollars And Then They Will Unload Their Pockets To Us Small Guys Starting A Correction Of The First Wave, This Is Just My 2 Cents....
Hi Thenew ,
In fact , I am not sure, todays moves are very wierd, seems lots of crosses in play. There is always inside info, nut the people are careful not to move markets to much , so I don't really know.
Its best not to speculate unless you have info directly.

regards

Sorry that I couldn't answer you earlier, I was market blinded, and had to feel my way. So I needed to focus.
  • #4,828
  • Aug 4, 2008 10:19am Aug 4, 2008 10:19am
Quoting maheswara
sir , you see during the course of today when yen and gbp were getting weaker against the dollar ,the euro resisted to get weaker (noone sellin euro when usd was gaining strength)...
doesnt this mean the euro is currently at its weakest state (oversold) ...
Hi maheswara,
There seemed much yen crosses at play the few hours before the figs.
Markets was bullish of USD. So most players like us were waiting for the bull run, which never came.
I am at lost of the factors affecting markets now, doesn't seem right, for increase machin orders is bullish USD. Why market turn?

May have been the bull died of over weight, In that most participants were waiting for it and it just couldn't come as no orders to buy the orders as all had loaded USD in hand.

The last up push were probably a lot of loss cutting. We have to wait for the NY afternoon session to see if this is the impulse. Short Chart waise it is, Daily Chart wise this is retracement test zones only.

Please don't think over bought or oversold, markets thatare over bot can stay over bot and vice versa for long periods, This is known as trend.
So never think mkt over anything. I could make any sese of the maket today, survived by forcing my self to flow with it.

Watch 15600/10 levels closely, clues will be at this test zone, when it comes.
After the figs, I am just flowing with pulse. I cannot see anything, only feeling my way.

regards
  • #4,829
  • Aug 4, 2008 10:23am Aug 4, 2008 10:23am
Quoting fti
Hi maheswara,
There seemed much yen crosses at play the few hours before the figs.
Markets was bullish of USD. So most players like us were waiting for the bull run, which never came.
I am at lost of the factors affecting markets now, doesn't seem right, for increase machin orders is bullish USD. Why market turn?

regards
Storm, IRAN, inflation ..

1. http://www.chron.com/disp/story.mpl/...z/5922825.html
2. http://news.bbc.co.uk/2/hi/middle_east/7541070.stm
3. http://ap.google.com/article/ALeqM5g...T08MAD92BH5G80

Dow is heading to low @ 11180 (IMO)
  • #4,830
  • Aug 4, 2008 10:24am Aug 4, 2008 10:24am
Fti,

When you were at Tier1, if the CB when planning to announce rates, did you have prior notice to be on alert or any advance warning of any kind as to decision?????
  • #4,831
  • Aug 4, 2008 10:24am Aug 4, 2008 10:24am
Quoting Green_David
Closed all profitable G/U positions and L1 E/U attack with 10 pips.

After the news 8:30, another E/U attack, cut loss @5605. Booked-in small loss. Only one scout of E/U still in the market.

I saw something wrong when E/U went up 5576, but no courage to take loss and make a U-turn. Trigger problem again!!!

I think today is not a good opportunity to have strong attack. There would be FOMC announcement tommorrow mid-night.

G/U is weaker than E/U.
Hi David,
The E/U was hard, I was lost myself, just feeling my way ,
turned like I told you cause they just gushed over my 20 lots positions and I turned, as I ouldn't see , just depended on th impulse wave.
It was hard even for me.

Good that you made pips overall.

regards
  • #4,832
  • Aug 4, 2008 10:27am Aug 4, 2008 10:27am
I see 17 members here, but I only counted 14 names , who are the other 3 members,
Can anyone tell me if members can hide their callsigns.

regards

There are 3 members hiding, indentify yourselfs please !
  • #4,833
  • Aug 4, 2008 10:31am Aug 4, 2008 10:31am
fti,

most likelyu they are not logged in. Thus they are given access as guest.
Im not sure if we could ask the mods not to allow guest access.

battle stations now...dollar rally finally back!
  • #4,834
  • Aug 4, 2008 10:35am Aug 4, 2008 10:35am
Quoting jest1081
fti,

most likelyu they are not logged in. Thus they are given access as guest.
Im not sure if we could ask the mods not to allow guest access.
Hi jest,
but there are 9 guest,
so 9 are lurking, but who's the 3 that is members but invisible?
Sorry ALL , but I a not posting again until this is resolved.
  • #4,835
  • Aug 4, 2008 10:36am Aug 4, 2008 10:36am
just me , hi.
  • #4,836
  • Aug 4, 2008 10:39am Aug 4, 2008 10:39am
Quoting seeit
just me , hi.
Hi seeit,
how did you manage to make your callsign invisible?

now there are 4 more/

There are now 25 people here,
i counted 15 names but there are 19 members and 6 guest.

My arithematics isn't so bad , so who are the 4 members that are invisible?

so one of them invisible is you, How do you do it?
  • #4,837
  • Aug 4, 2008 10:39am Aug 4, 2008 10:39am
Sir, I am here...and finally happy that the bulls are back.
Empty as water and soft as a facing wind mountain
  • #4,838
  • Aug 4, 2008 10:43am Aug 4, 2008 10:43am
when you sign in there is a box that says remember me, if that is not checked, you can read the thread, but not be signed in...it still must recognise you as a member, because of a cookie... this is only a guess
  • #4,839
  • Aug 4, 2008 10:43am Aug 4, 2008 10:43am
i am reading the thread too

Hi fti,

what do you mean by "mom"? i noticed a few of them in your posts.

momentarily or something?
  • #4,840
  • Aug 4, 2008 10:44am Aug 4, 2008 10:44am
Quoting simlsc
i am reading the thread too

Hi fti,

what do you mean by "mom"? i noticed a few of them in your posts.

momentarily or something?
mom=moment please.
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