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Technical Analysis Fallacy

  • #8,021
  • Edited 8:00am Jun 24, 2009 7:45am | Edited 8:00am
Well, being an erratic amateur may be my saving grace there then

But I take your point, thank you. I hadn't thought about multiple broker accounts for that reason - but it makes sense of course.
  • #8,022
  • Jun 24, 2009 7:50am Jun 24, 2009 7:50am
By the way ,is king saying anything?

Oh news,
Experts: Recession to end this year
http://www.msnbc.msn.com/id/31521098...s_and_economy/

Now remember , these fortune tellers names, just in case they come looking for a job, next year. You should be much better off without them.

regards
  • #8,023
  • Jun 24, 2009 7:52am Jun 24, 2009 7:52am
looks like a lot of waiting below the surface ...
if bernanke mentions raising the rates later this year ... we might see some fireworks

personally I wont be trading the fomc , not skillful enuf to trade such thing
might simply watch n make few cents if possible , so ill see ya all later before the fomc

good luck n good trade
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,024
  • Jun 24, 2009 8:06am Jun 24, 2009 8:06am
Quoting maheswara
if bernanke mentions raising the rates later this year ... we might see some fireworks
Yep, I've been thinking about this. I kind of expect little movement if no change or USD positive movement at any hint of an increase. My short sword will be parked though.
  • #8,025
  • Jun 24, 2009 8:11am Jun 24, 2009 8:11am
King doesn't think UK's slightly recover, if anything, is because cheap pound;

He think lending is weak and lending to business has been falling, will not stop until banking sector's balance sheet look good;

About Exit Strategy, if he see economic picks up, he'll rise rate but he is not on the verge of doing it.

About inflation, he doesn't see any change in the view of the uncertainty, he doesn't know :-)
  • #8,026
  • Edited 8:48am Jun 24, 2009 8:22am | Edited 8:48am
Quoting imjscn
King doesn't think UK's slightly recover, if anything, is because cheap pound;

He think lending is weak and lending to business has been falling, will not stop until banking sector's balance sheet look good;

About Exit Strategy, if he see economic picks up, he'll rise rate but he is not on the verge of doing it.

About inflation, he doesn't see any change in the view of the uncertainty, he doesn't know :-)
At least he's got a good head on his shoulders, which is more than what I think about some .........

regards
corals
Inserted Video

modern corals
Inserted Video
  • #8,027
  • Jun 24, 2009 9:36am Jun 24, 2009 9:36am
crazy crazy... +2.5% so far, not sure if I can still keep my eyes open for FOMC..
  • #8,028
  • Jun 24, 2009 9:38am Jun 24, 2009 9:38am
Quoting imjscn
crazy crazy... +2.5% so far, not sure if I can still keep my eyes open for FOMC..
Don't force. If you lose focus, then it can become expensive.

the CBs have tried to do their magic,so lets see if they are real.
The show will be over soon. After that, the markets have its say.

Relax for a litle, the battle will begin in a little time soon.
  • #8,029
  • Jun 24, 2009 10:08am Jun 24, 2009 10:08am
ok, just intervened myself by a cup of cappuccino
  • #8,030
  • Edited 11:03am Jun 24, 2009 10:20am | Edited 11:03am
Forever
Inserted Video


Ok standing by to test repairs soon.
If anyone feels sleepy after listening to forever, then keep yur pips and go get some rest. Remember safety first.rule 1 preservation of cap, rule 2 preservation of cap, rule 3 don't ever forget rule no 1.

Suiting up, ops begins within 30 minutes.
Honour & Glory.
Inserted Video


remember FOMC soon, this is kamikaze (divine wind) deployment to feel.

1st test NIMBLENESS, speed, agility
scout deployed s x 13994

Geronimo !, and you are on your own. I gotta focus.
  • #8,031
  • Jun 24, 2009 11:05am Jun 24, 2009 11:05am
I'll just have to put myself horizontally, Good night, fti and all
  • #8,032
  • Jun 24, 2009 11:12am Jun 24, 2009 11:12am
Quoting fti
Forever
http://www.youtube.com/watch?v=XHFWqk08tNY&fmt=18

Ok standing by to test repairs soon.
If anyone feels sleepy after listening to forever, then keep yur pips and go get some rest. Remember safety first.rule 1 preservation of cap, rule 2 preservation of cap, rule 3 don't ever forget rule no 1.

Suiting up, ops begins within 30 minutes.
Honour & Glory.
http://www.youtube.com/watch?v=ux8n1UV6cFE&fmt=18

remember FOMC soon, this is kamikaze (divine wind) deployment to feel.

1st test NIMBLENESS, speed, agility
scout deployed...
not sleepy yet ,
so gonna try polishing skills with cents ,
battlestation ,

good luck to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,033
  • Jun 24, 2009 11:28am Jun 24, 2009 11:28am
Hi everyone. OK, that giant thud we just heard was the FOMC announcement - LOL. Let's see what happens now. Fresh coffee, deep breath, and .......waiting! The SNB is much more fun than the Fed,
  • #8,034
  • Jun 24, 2009 11:41am Jun 24, 2009 11:41am
woohoo made a dollar

good night all ,
peace

To Live is the rarest thing in the world , Most people exist , that is all
  • #8,035
  • Jun 24, 2009 11:41am Jun 24, 2009 11:41am
1st wave finished
all squared, level 4

brace for wave 2 on retrace.

lowest bought 13894
  • #8,036
  • Jun 24, 2009 11:57am Jun 24, 2009 11:57am
scout deployed
s x 13930
  • #8,037
  • Jun 24, 2009 1:09pm Jun 24, 2009 1:09pm
Quoting fti
scout deployed
s x 13930
TP at about 3930 scout $50 still in long.... did you feel people taking profit on retrancement???

have to trust my own judgement and keep scout in for now
even with my eyes open i cannot see everything
  • #8,038
  • Jun 24, 2009 1:23pm Jun 24, 2009 1:23pm
All squared after a long day. Like your Avator Fti. See everyone at the London session. Ray
  • #8,039
  • Edited 3:44pm Jun 24, 2009 2:31pm | Edited 3:44pm
Quoting j-pax
TP at about 3930 scout $50 still in long.... did you feel people taking profit on retrancement???

have to trust my own judgement and keep scout in for now
no, there is vested interest in the prices.
lets see what BOJ 's reaction is.
Then lets see.
Small position remains.

will rest for a while , until tokyo opens to reinstate the buyng of USD if the opportunities arises. dancing nimbly now.

regards
  • #8,040
  • Jun 24, 2009 2:37pm Jun 24, 2009 2:37pm
Quoting fti
no, there is vested interest in the prices.
But the market will yield .
maybe the BOJ will be in soon.
Then let see.
Small position remains.

will rest for a while , until tokyo opens to reinstate the buyng of USD if the opportunities arises.

regards
rescued my long $50 scout. made 80$cents with 50$ scout, 100$ attacks and a $250 rescue just now. all long on retracement.

trading peanuts but i don't feel like a monkey

listen some music and relax now.

europe good night and asia good morning
even with my eyes open i cannot see everything
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