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Technical Analysis Fallacy

  • #5,141
  • Aug 12, 2008 5:39am Aug 12, 2008 5:39am
Hi ALL,
No usd bull charge came about.

The market mode is getting very tricky.
Markets are scuttering and unstable.
I believe many had given up for today.
I had just scaled my positions to minimum exposure.


All this sudden jerking runs , just indicates thinness in liquidity.
There's much basis tear in interbank prices and retail forex quotations and little arbitrage is observed to align.
Its best to take things easy, until the coast is cleared.


regards.
  • #5,142
  • Aug 12, 2008 5:43am Aug 12, 2008 5:43am
Quoting fti
Hi,
Give the market a miss today if you are not very experienced trader.
Its a tricky markets.

I am reminded to DutchAngel's father's wisdom.
The market , she's now wobbling.

Also one of Sun Zi's terrains.

Be very careful, this is market makers war. we cannot win it.
Have patience and WAIT !

regards

The keep our minds from wandering,
here's introducing Hiroko Kokubu.
http://www.youtube.com/watch?v=1msdcaKcJjg

Hello fti!

What do you mean its market makers' war?

Indeed, London seems clueless. Tokyo was wonderful though.
I always get tons of confidence from trading those range brakeouts.

Good trading to all!
  • #5,143
  • Aug 12, 2008 6:12am Aug 12, 2008 6:12am
Quoting resistance
Hello fti!

What do you mean its market makers' war?

Indeed, London seems clueless. Tokyo was wonderful though.
I always get tons of confidence from trading those range brakeouts.

Good trading to all!
Hi,
It just means that the marketmakers are the only liquidity around.
Mostly around are pockets of orders here and there.
So the markets are wherever the marketmakers sweeps towards , that why the jerky jumps. Otherwise there is really noting much around the market place.
Its just marketmakers sparing wjth each other backed by some paper.

I speculate that markets may be somewhere in beijing , having their leisure.
I know that DutchAngel is out shopping. LOL
I don't feel that there're any bull, bears nor pigs around.Mostly bystanders with a little vested (caught in) positions.


regards
  • #5,144
  • Aug 12, 2008 6:27am Aug 12, 2008 6:27am
The best market approach for time like these,

Inserted Video
  • #5,145
  • Aug 12, 2008 6:55am Aug 12, 2008 6:55am
Quoting auxesis
The best market approach for time like these,

http://www.youtube.com/watch?v=UDmCSvqhhoI
Hi auxesis,

Wish , I could do the hokey poky , where I am.
If I tried , they WILL cart me to ward 13 in a jiffy.
But I could

LOL
regards
  • #5,146
  • Edited 8:50am Aug 12, 2008 7:34am | Edited 8:50am
Good morning everyone...
here we have the news...and no reaction...no impulse...

is everyone watching the games?
Maybe I should!
Anyone for shapping...oh, I mean shoppping!

Friends,
I just gave up..1D bullish, 1H countertrend, and low liquidity...too risky for my taste...I do not feel the direction at all...although there is a bearish uptrend...It feels like squeezing blood out of stone on a bearish 5M flag...10 pips here...5 pips there...waiting for a killing...no way...

I am out..Enjoy it.
Empty as water and soft as a facing wind mountain
  • #5,147
  • Aug 12, 2008 8:21am Aug 12, 2008 8:21am
Hi fti

Just back from shopping now and feel very bad about all euro's I blew, but I actually saved money because next week I am going to London with daughters and hopefully the guilt from today will still be felt so that I am a bit more fiscally restrained when spending the pounds.

I don't know why the song Perfida was for me, as it means treachorous or faithless and all though I will be first to admit that I am no angel, I also dont think i am perfidious.

Hope I haven't offended you somehow.

regards
DutchAngel
Hope isn't a viable investment vehicle.
  • #5,148
  • Aug 12, 2008 8:44am Aug 12, 2008 8:44am
Quoting DutchAngel
Hi fti

Just back from shopping now and feel very bad about all euro's I blew, but I actually saved money because next week I am going to London with daughters and hopefully the guilt from today will still be felt so that I am a bit more fiscally restrained when spending the pounds.

I don't know why the song Perfida was for me, as it means treachorous or faithless and all though I will be first to admit that I am no angel, I also dont think i am perfidious.

Hope I haven't offended you somehow.

regards
DutchAngel
Hi DutchAngel,
Sorry , Please do not be mistaken.
I didn't meant to say that you were perfidous.
really if anyone was , it would be the CBs.

To me perfidia, always meant flirtatious.
not so much cruel , but head strong more than heart weak.
In many ways I am a very perfidious trader to the markets.
And Perfidia is one of the songs very close to my heart.
I don't know why, but the melody captured me for many decades already.

May be the likeness in nature.

I apologise if it came over wrongly. .......
Thousand apologies.

regards

Oh and don't worry about the spending.
If you relate it in pips, its minute.
So long as the markets are giving you the pips,
Who is to say you cannot , splash a little.
It makes all the suffering worthwhile.
  • #5,149
  • Aug 12, 2008 8:52am Aug 12, 2008 8:52am
Quoting fti
Hi DutchAngel,
Sorry , Please do not be mistaken.
I didn't meant to say that you were perfidous.
really if anyone was , it would be the CBs.

To me perfidia, always meant flirtatious.
not so much cruel , but head strong more than heart weak.
In many ways I am a very perfidious trader to the markets.
And Perfidia is one of the songs very close to my heart.
I don't know why, but the melody captured me for many decades already.

May be the likeness in nature.

I apologise if it came over wrongly.

regards

Oh and don't worry about the spending.
If you relate it in pips, its minute.
So long as the markets are giving you the pips,
Who is say you cannot , splash a little.
It makes all the suffering worthwhile.
fti

Now I see what u meant

The music is beautifully played on the harmonica, just my latin skill (which I admit is pretty rusty by now) perhaps translated the word more harshly than you intended. No offence was taken, I was just a bit puzzled
Hope isn't a viable investment vehicle.
  • #5,150
  • Edited 9:54am Aug 12, 2008 9:05am | Edited 9:54am
Quoting DutchAngel
fti

Now I see what u meant

The music is beautifully played on the harmonica, just my latin skill (which I admit is pretty rusty by now) perhaps translated the word more harshly than you intended. No offence was taken, I was just a bit puzzled
Hi DutchAngel,
Glad you understand,

Inserted Video



regards

Now from exposure I am super bear usd,
perfidious me.
  • #5,151
  • Aug 12, 2008 9:53am Aug 12, 2008 9:53am
Quoting fti
Hi DutchAngel,
Glad you understand,

http://www.youtube.com/watch?v=2OCII-B6P1Y


regards

Now from exposure I am supper bear,
perfidious me.
fti

Think i am also gonna be perfidious with markets from now on.
Hope isn't a viable investment vehicle.
  • #5,152
  • Aug 12, 2008 10:16am Aug 12, 2008 10:16am
Quoting DutchAngel
fti

Think i am also gonna be perfidious with markets from now on.
Hi DutchAngel,

I am so long the Eur.
If I get anymore bear USD.
I may have to spend the rest of retirement in Europe, LOL.

This is such a tricky day.
Avoided so many mine fields ,
At last they captured me.

But it ain't over till the fat lady sings.
I 'll try to make lunch uncomfortable for them.
As if it matters for them. LOL

regards
  • #5,153
  • Aug 12, 2008 10:22am Aug 12, 2008 10:22am
Quoting fti
Hi DutchAngel,

I am so long the Eur.
If I get anymore bear USD.
I may have to spend the rest of retirement in Europe, LOL.

This is such a tricky day.
Avoided so many mine fields ,
At last they captured me.

But it ain't over till the fat lady sings.
I 'll try to make lunch uncomfortable for them.

regards
Chief, are you playing with the scorpions?
Empty as water and soft as a facing wind mountain
  • #5,154
  • Aug 12, 2008 10:29am Aug 12, 2008 10:29am
1 bad news , 1 good news ...
the bad news , oil dropping rather rapidly
the good news , its not dragging euro at the same rate , which might mean there is a good support for euro at the current level ... but thats just my thought ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #5,155
  • Aug 12, 2008 10:36am Aug 12, 2008 10:36am
Quoting fti
Hi DutchAngel,

I am so long the Eur.
If I get anymore bear USD.
I may have to spend the rest of retirement in Europe, LOL.

This is such a tricky day.
Avoided so many mine fields ,
At last they captured me.

But it ain't over till the fat lady sings.
I 'll try to make lunch uncomfortable for them.
As if it matters for them. LOL

regards
Euro had begun making some higher lows, highs but over all she still looks short.

Be careful she dosen't head south, could be some type of declining ending diagional perhaps

regards,

4880 needs to hold here for the longs
  • #5,156
  • Aug 12, 2008 10:38am Aug 12, 2008 10:38am
I got burnt pretty badly just after Lodon open but I scalped back my losses. This picking up crumbs all day is giving me a headache so I'm done for today.

Good luck for everyone who's brave enough to fight!
  • #5,157
  • Aug 12, 2008 10:45am Aug 12, 2008 10:45am
Quoting auxesis
Euro had begun making some higher lows, highs but over all she still looks short.

Be careful she dosen't head south, could be some type of declining ending diagional perhaps

regards,

4880 needs to hold here for the longs
what a day!

am short pm long. lol

im long eur now, averaged at 4889. YEN is looking to spoil my oh so perfect day....
  • #5,158
  • Aug 12, 2008 10:46am Aug 12, 2008 10:46am
Quoting luSan
Chief, are you playing with the scorpions?
Lusan, good job keeping the boss in check.
I'm not quite a bear believer yet either.

May we all be nimble, (I've gained a deeper appreciation and comprehension of the word lately) as we flow with the market.
  • #5,159
  • Aug 12, 2008 10:53am Aug 12, 2008 10:53am
Quoting luSan
Chief, are you playing with the scorpions?
Yes , Lusan, they had been difficult to handle.
Guess they want their pips back.
Not so easy.

the bulls are not so strong anymore.
Wonder why?
Is it a trap? will know in 3 hours time.
Meantime got some USD back for lunch repositioning.
Smells of a USD retracement in the works.
The way its been moving.
Only problem, is the Beijing games, is creating some effects on the liquidity.
Its still wave 1 if its true retracement, otherwise they get their pips back.
We'll see.

I am not a fan of the USD bear.
Only that the BuLL are not friendly, so I am in bear suit for now. LOL

How's your day so far?

regards
  • #5,160
  • Aug 12, 2008 10:59am Aug 12, 2008 10:59am
Quoting auxesis
Euro had begun making some higher lows, highs but over all she still looks short.

Be careful she dosen't head south, could be some type of declining ending diagional perhaps

regards,

4880 needs to hold here for the longs
Hi auxesis,

She could have done that like 11 times by now,
Something is not right.
There is vested interest that a technical reversal is not spotted today on the daily, otherwise we could see big fig changes in the prices on the rebounding Eur.

Lets see.
My bleeding is still tolerable for some distance.


regards
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