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Technical Analysis Fallacy

  • #4,941
  • Aug 5, 2008 10:51am Aug 5, 2008 10:51am
Quoting Piters
Inch by inch (pip by pip)

http://www.youtube.com/watch?v=WO4tI...eature=related
thanks, interesting.

But the old man said, "That's football guys."
  • #4,942
  • Aug 5, 2008 10:54am Aug 5, 2008 10:54am
Need to take a rest. See you fti and other guys.
  • #4,943
  • Aug 5, 2008 12:04pm Aug 5, 2008 12:04pm
Quoting Piters
Inch by inch (pip by pip)

http://www.youtube.com/watch?v=WO4tI...eature=related
Thanks I'll probably be watching that very frequently.
Here is another one dedicated to our coach.

Inserted Video
  • #4,944
  • Aug 5, 2008 12:41pm Aug 5, 2008 12:41pm
I got it 57, they are all home.

oK, Ok.
sharks, THEY WON'T STOP, 30 , ITS COMING.
but I got no one out,,,,,
  • #4,945
  • Aug 5, 2008 12:44pm Aug 5, 2008 12:44pm
Quoting fti
then devide that in 2 and carry that.
Divide the profits in two ?

Thanks
  • #4,946
  • Aug 5, 2008 12:46pm Aug 5, 2008 12:46pm
Quoting fti
I got it 57, they are all home.

oK, Ok.
sharks, THEY WON'T STOP, 30 , ITS COMING.
You still in?...25 min to go...fireworks
Empty as water and soft as a facing wind mountain
  • #4,947
  • Aug 5, 2008 12:52pm Aug 5, 2008 12:52pm
Quoting ksl
Divide the profits in two ?

Thanks
No, small boy POSITION.
regards
  • #4,948
  • Aug 5, 2008 12:55pm Aug 5, 2008 12:55pm
Quoting luSan
You still in?...25 min to go...fireworks
Hi Lusan,
Thats why I brought them all home, should have left the small boy.

Anyways, greed has no bounds.
I am happy, today was great.

Gotta take a shower now, to refresh for the battle after fomc.

regards
  • #4,949
  • Aug 5, 2008 12:55pm Aug 5, 2008 12:55pm
Hi there,

have been out since last friday.
A lot to read till today. A lot of very valuable information.

May be I'll do a little dancing after FOMC has spoken.

Hope you all did well this week.
Happy dancing ....
  • #4,950
  • Aug 5, 2008 1:07pm Aug 5, 2008 1:07pm
Quoting Green_David
I was USD bias since G/U broke 2.0, E/U broke 1.6 again in July. And from that time I never longed these two pairs.

That is a scout of yesterday, today I found out it dropped over NY session. And then...

Traders make mistakes because of many reasons. Have you ever read "Reminiscenses"

I don't know, maybe market is angry I made some unreasonable high return over these period of time.

So, there are a lot enemies for a speculator, the biggest one is yourself.
got it ,thanks for the respons.
  • #4,951
  • Aug 5, 2008 1:10pm Aug 5, 2008 1:10pm
Quoting MaMood
Hi there,

have been out since last friday.
A lot to read till today. A lot of very valuable information.

May be I'll do a little dancing after FOMC has spoken.

Hope you all did well this week.
Happy dancing ....
Hey MaMood,
Welcome back,
What are you hearing?
Is market happy with 25 basis token?

regards
  • #4,952
  • Aug 5, 2008 1:14pm Aug 5, 2008 1:14pm
Rate is unchanged !!!
2%!!!
  • #4,953
  • Aug 5, 2008 1:16pm Aug 5, 2008 1:16pm
Quoting MaMood
Rate is unchanged ?!?
no change
Empty as water and soft as a facing wind mountain
  • #4,954
  • Edited 2:00pm Aug 5, 2008 1:22pm | Edited 2:00pm
The USD bears returns. Be nimble. small against trend pls.

So much kissing and no goodwill?? err

may retest 500/50
follow flow !

No watch that hr tail.
Sheeh, jumped the gun.
cutting and TURNING.


The BULLS are very insistent.
But I turned again
Ill run with the BEARS.
  • #4,955
  • Aug 5, 2008 1:47pm Aug 5, 2008 1:47pm
Quoting fti
Hey MaMood,
Welcome back,
What are you hearing?
Is market happy with 25 basis token?

regards
Hi fti,

my ears haven't been connected to the bush telegraph today.
But at the moment the tenor off most comments is: " FOMC does little to hurt dollar..."

Have to be nimble, cos I send my scout USDJPY short side.
We will see ....
  • #4,956
  • Edited 2:09pm Aug 5, 2008 1:57pm | Edited 2:09pm
Nah
I turned again, bloddy pig I am,
markets very confused.
How can a report that says the us economy will be in recession be good for the USD.
If the econ figs remains bad for anote quarter US officially goes into recession.

Scouting Short USD for me.
They made me turn twice already.
I'll take my chances with the USD bears for now.

your scouts may be correct , lets see what happen in the twinlight zone.

The fact that the USD bulls couldn't run , show that its run out of steam,
If the daily charts does a turn around, it will be very bloody for the "Investors". I ''ll flow with the bears until chart proves otherwise.

MaMood, Anytime you hearing oil money in the market, pls alert us, thanks.


regards
  • #4,957
  • Aug 5, 2008 2:01pm Aug 5, 2008 2:01pm
Folks...I am out for the day...tomorrow will be another interesting one...Market is so erratic that I feel like this is gambling...so I am out...see tomorrow.

Happy trading...watch it....bears are back...maybe.
Empty as water and soft as a facing wind mountain
  • #4,958
  • Aug 5, 2008 2:16pm Aug 5, 2008 2:16pm
"tight credit conditions, the ongoing housing contraction and elevated energy prices are likely to weigh on economic growth over the next few quarters."

Last week, the Labor Department reported that the nation's unemployment rate jumped to 5.7 percent in July as businesses laid off workers for the seventh straight month, a string that normally signals the start of a recession.
  • #4,959
  • Aug 5, 2008 2:16pm Aug 5, 2008 2:16pm
Quoting fti
Nah
[...]
How can a report that says the us economy will be in recession be good for the USD.
If the econ figs remains bad for anote quarter US officially goes into recession.

regards
"FOMC does little to hurt dollar..."
That only meant, that the FOMC didn't told us anything new ...

By the way, there isn't that mutch dynamic that I hoped for.
So I will leave my USDJPY short scout out for this session and will have some very good redwine and sweet talks with my wife ;-)

I'll be back in asia session round about 0330 GMT.

Trade well all together!!
  • #4,960
  • Aug 5, 2008 3:07pm Aug 5, 2008 3:07pm
Quoting MaMood
Hi there,

have been out since last friday.
A lot to read till today. A lot of very valuable information.

May be I'll do a little dancing after FOMC has spoken.

Hope you all did well this week.
Happy dancing ....
Hi MaMood, the scripts.. did you have time?
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