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Technical Analysis Fallacy

  • #6,761
  • May 4, 2009 1:54am May 4, 2009 1:54am
Quoting Marlon
I also have a absolute MUST read article which I wanted to share for a long time !

http://www.wired.com/techbiz/it/maga...urrentPage=all

Enjoy !

nice one ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,762
  • May 6, 2009 7:20am May 6, 2009 7:20am
nice adp , dow (fut.) jumped , rest followed , keep in mind for toms eu rate decision , half point cut expected ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,763
  • May 6, 2009 8:56am May 6, 2009 8:56am
Hello everyone. I've been here before 2 months ago. Now Im having a school 2 months break so Im back to trading. Hmmm.. Where is everybody? I miss the old members. Even though I have not participate actively in posting, Ive been following this thread. Seem like the thread is going off somewhere.. Anyone active in Eur/USD now?
  • #6,764
  • May 6, 2009 1:11pm May 6, 2009 1:11pm
Quoting nzcine
Hello everyone. I've been here before 2 months ago. Now Im having a school 2 months break so Im back to trading. Hmmm.. Where is everybody? I miss the old members. Even though I have not participate actively in posting, Ive been following this thread. Seem like the thread is going off somewhere.. Anyone active in Eur/USD now?
Its hard to get a feel as shes been battling for direction from 132 to 134 area, watch mm.
  • #6,765
  • May 6, 2009 3:07pm May 6, 2009 3:07pm
Hi friends,
Been trading the EUR/USD long since the end of the asian session at 1.3250. A number of attacks and a couple of rescues. Last attack started a couple of hours ago at 1.3290 and finished at 1.3350. I am finished for the day as the NY session is almost over. Another good day.

Looking foreward to Thursday. Hope there are some good movements with the EUR/USD.

Good trading to all. Ray
  • #6,766
  • May 6, 2009 8:39pm May 6, 2009 8:39pm
any idea why it was such a spike on EUR usd bcz aussie employement....


V
  • #6,767
  • May 6, 2009 9:40pm May 6, 2009 9:40pm
No idea, I'm wondering how much longer is it going to range trade.
Read 'The disciplined trader'.
  • #6,768
  • May 6, 2009 10:21pm May 6, 2009 10:21pm
this is range trading.....neither BUll nor bear are taking control....but funny feeling how USD bull are not able to make new lows....


V
  • #6,769
  • May 6, 2009 10:38pm May 6, 2009 10:38pm
Guys isnt this thread has gone in silence too much....

V
  • #6,770
  • May 6, 2009 11:25pm May 6, 2009 11:25pm
hey V and all ,
there is a possible rate cut today , yet the euro does seem to be resisting any down move , that shld say a lot about direction ,

the jump was caused by AU , AU jumped 100 pips with wonderful unemployment news
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,771
  • May 6, 2009 11:29pm May 6, 2009 11:29pm
Quoting maheswara
hey V and all ,
there is a possible rate cut today , yet the euro does seem to be resisting any down move , that shld say a lot about direction ,

Thanks for puttig it here.... i guess u r right its kinda agree i dont see USD bull making much advances.... some time i have seen the mkt do exactly opposite before taking a ride on other side..

V
  • #6,772
  • May 7, 2009 2:29am May 7, 2009 2:29am
I just thought of something,
we all know that a down move is faster than an upmove ,
and we also assume that its because fear creeps in faster than greed ...
I just thought of it mathematically ,
like what fti sir said about the wilder's table ,
moving down percentage has greater numerical value than moving up ...
example , when gbp was 2.0 moving to 1.5 represents 25% drops in value ,
now moving from 1.5 to 2.0 represents 33% increase in value ,

thats why a drop is always faster than a rally ....
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,773
  • May 7, 2009 4:18am May 7, 2009 4:18am
Hi there,

Nice to see some activity. Remember that there is this skype chat..

Be nimble today, 0.25% eur bid rate cut expected (not half). Whatch out for possible Quantitative Easing.. if mentioned will cause eur/usd drop heavily.

Also there is US unemploymend and bank stress tests release later today.

Regards,
  • #6,774
  • May 7, 2009 5:52am May 7, 2009 5:52am
Hi Piccolo, what do you mean skype chat? I thought I was the only one who cant see where the trend is going to.
  • #6,775
  • May 7, 2009 11:14am May 7, 2009 11:14am
so who all got burnt by this 200 pips spike....


V
  • #6,776
  • May 7, 2009 12:20pm May 7, 2009 12:20pm
The EurUsd weakness is supported by some US employment data that were better than expected. Right now, It is breaking the resistance at 1.3400 and trading at 1.3386

Unit labor costs Q1 2009: +3.3%
Consensus: +2.7%
Regards!
  • #6,777
  • May 7, 2009 2:29pm May 7, 2009 2:29pm
Hey Mamood good to see your around hope all is well.
  • #6,778
  • May 7, 2009 9:39pm May 7, 2009 9:39pm
Guys,
I just took a job developing some crazy nanotechnology
so
I have no time for dancing...just enough for trend trading...
for the time being...
the best I could do is to wish you good luck.
Be carefull, there is a potential reversal on 4H.
Stick to the dancing basics
and
Happy trading to all.
Regards,
Empty as water and soft as a facing wind mountain
  • #6,779
  • May 8, 2009 12:25am May 8, 2009 12:25am
Quoting luSan
Guys,
I just took a job developing some crazy nanotechnology
so
I have no time for dancing...just enough for trend trading...
for the time being...
the best I could do is to wish you good luck.
Be carefull, there is a potential reversal on 4H.
Stick to the dancing basics
and
Happy trading to all.
Regards,
IuSan,

all the best for your new job!
I hope you'll came back here when your time permits.
  • #6,780
  • May 8, 2009 3:07am May 8, 2009 3:07am
Quoting luSan
Guys,
I just took a job developing some crazy nanotechnology

Regards,
hey Lusan ,
good luck with your new job , I hope you come back to the arena soon , and nano-tech sounds uber cool

btw guys, I had a dream kinda thing that showed euro at 1.42
so guess wat , I bought 1 microlot at 1.34 , just in case my dream comes true
To Live is the rarest thing in the world , Most people exist , that is all
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