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Technical Analysis Fallacy

  • #5,661
  • Aug 25, 2008 1:31am Aug 25, 2008 1:31am
Quoting MaMood
Some info's on eurodollars:

http://www.richmondfed.org/publicati...arket/ch05.cfm
Thanks will read.
  • #5,662
  • Aug 25, 2008 2:15am Aug 25, 2008 2:15am
Fti, just a question to the MO of london based banks at "Summer bank holiday" in GB:
I think the trading departments are operating anyhow, aren't they?
But are they working with reduced staff and money lines like i "non daylight mode"?
  • #5,663
  • Aug 25, 2008 2:16am Aug 25, 2008 2:16am
Quoting MaMood
Some info's on eurodollars:

http://www.richmondfed.org/publicati...arket/ch05.cfm
MaMood...thanks for the link and thanks for the headache...I have just poured myself a glass of bubbly...may help with comprehension

joy
  • #5,664
  • Aug 25, 2008 2:25am Aug 25, 2008 2:25am
due to my dancing:

After I decided to dance USDJPY long side, I had to deploy a small Level 1 rescue. Just right now I brought them home.
Scout still in.
still dancing the long side.
We will see, what that lazy monday will bring ....
  • #5,665
  • Aug 25, 2008 2:37am Aug 25, 2008 2:37am
Quoting MaMood
due to my dancing:

After I decided to dance USDJPY long side, I had to deploy a small Level 1 rescue. Just right now I brought them home.
Scout still in.
still dancing the long side.
We will see, what that lazy monday will bring ....
so engrossed in eurodollars lesson forgot my baby...shame on me
lesson...don't forget previous lessons while figuring new ones

joy
  • #5,666
  • Aug 25, 2008 3:07am Aug 25, 2008 3:07am
Quoting fti
Hi ALL,
Anyone knows , which economy was weakest, in this whole episode?
They had no answer to the markets , cos they had no natural resource.
And the whole "cost" equation of industrialisation is now the driving force.
Therefore to survive many of their industry champions have to operate from off home, be aware, they had been very quiet, to seek the alternatives.
But do not forget , that they are the world's second in command , as far as international trade is concerned, at least to the "free" world.

regards

Again , do not allow this think tanking to affect your dance.
I am trying to understand the fundamentals that may be at the forefront of the play.
Hi FTI,

i would have to say it may proly be the YEN?
  • #5,667
  • Aug 25, 2008 7:51am Aug 25, 2008 7:51am
Quoting fti
Hi joypips,

You're correct, and in the ACU markets, how many economies, can withstand the proxy of this external USD reserves?
Hi fti,

does ACU refer to Asian Clearing Union, or Asian Currency Unit?
  • #5,668
  • Aug 25, 2008 9:41am Aug 25, 2008 9:41am
All,

I am done for the day...small profit...I was a bear

be carefull...I feel a lot of cross fire ongoing..1H/15M bearish but I feel that PA is entering into a range...

Happy trading.
Empty as water and soft as a facing wind mountain
  • #5,669
  • Aug 25, 2008 10:21am Aug 25, 2008 10:21am
Quoting luSan
All,

I am done for the day...small profit...I was a bear

be carefull...I feel a lot of cross fire ongoing..1H/15M bearish but I feel that PA is entering into a range...

Happy trading.
Hi Lusan,
Good , keep the form.

Yah, seems trying to turn bear, will need to pass the month end for anything real to come about.Stay cool and wait, she'll show hand.

regards
  • #5,670
  • Aug 25, 2008 10:23am Aug 25, 2008 10:23am
Quoting jest1081
Hi FTI,

i would have to say it may proly be the YEN?
Hi
yeah.
  • #5,671
  • Aug 25, 2008 11:02am Aug 25, 2008 11:02am
Hi,

sorry for asking again.

Does anyone know what are the ACU markets?

I did a search on the internet and these 2 sounds plausible.

http://en.wikipedia.org/wiki/Asian_Clearing_Union

http://en.wikipedia.org/wiki/Asian_Currency_Unit

thanks.
simlsc
  • #5,672
  • Edited 11:28am Aug 25, 2008 11:16am | Edited 11:28am
Quoting simlsc
Hi,

sorry for asking again.

Does anyone know what are the ACU markets?

I did a search on the internet and these 2 sounds plausible.

http://en.wikipedia.org/wiki/Asian_Clearing_Union

http://en.wikipedia.org/wiki/Asian_Currency_Unit

thanks.
simlsc
Hi simlsc,

a bookkeeping unit used for recording transactions made by approved financial institutions (interbank) operating in the Asian Dollar market.
http://dictionary.bnet.com/definitio...ency+unit.html

regards
  • #5,673
  • Aug 25, 2008 5:33pm Aug 25, 2008 5:33pm
Enjoy:

Inserted Video


Inserted Video


Rgs,

textor
  • #5,674
  • Aug 25, 2008 7:22pm Aug 25, 2008 7:22pm
1.4703 price is at a cross roads.
  • #5,675
  • Aug 25, 2008 8:32pm Aug 25, 2008 8:32pm
Quoting auxesis
1.4703 price is at a cross roads.
Indeed...I just collected...

Now all is very unclear again...Bulls are around...will they stay?

Good night
Attached Image
Empty as water and soft as a facing wind mountain
  • #5,676
  • Aug 25, 2008 8:44pm Aug 25, 2008 8:44pm
Quoting luSan
Indeed...I just collected...

Now all is very unclear again...Bulls are around...will they stay?

Good night
Pull that back out to an hourly and what do you see?
  • #5,677
  • Aug 25, 2008 8:54pm Aug 25, 2008 8:54pm
Quoting auxesis
Pull that back out to an hourly and what do you see?
A nice head and shoulder... warning: this is a falling trend...I do not know what TA would say about it... this is odd..probably just art work...I did not know PA took drawing classes!
Attached Image
Empty as water and soft as a facing wind mountain
  • #5,678
  • Aug 25, 2008 9:04pm Aug 25, 2008 9:04pm
Yep, but to me it's more of a descending triangle, H&S's are reversal patterns at the end of a move not in the middle, imho. But either way it's at a decision point, continuation or when patterns fail that's a good indication that it's going the other way.

Cable's taken the plunge, Yen and the others are all teetering. as FTI would say battle stations.
  • #5,679
  • Aug 25, 2008 9:26pm Aug 25, 2008 9:26pm
Quoting auxesis
Yep, but to me it's more of a descending triangle, H&S's are reversal patterns at the end of a move not in the middle, imho. But either way it's at a decision point, continuation or when patterns fail that's a good indication that it's going the other way.

Cable's taken the plunge, Yen and the others are all teetering. as FTI would say battle stations.
Be carefull here...we do not trade patterns...Eye on 15M and 5M...
15M looks very odd after several hours of low volatility...if I were trading I woud not know what to do...the drop from 4750 was very fast and traders want most likely to collect...maybe another drop to 4680...but a 40 pips drop does not justify trading...maybe a 1st wave...maybe a Day range...who knows...I go to bed...
Empty as water and soft as a facing wind mountain
  • #5,680
  • Aug 25, 2008 9:28pm Aug 25, 2008 9:28pm
not far from being there myself, no pattern trading, just price is at a probable point to make up it's mind...... maybe? lol.

Good night,

a
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