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Technical Analysis Fallacy

  • #8,201
  • Jun 29, 2009 5:18am Jun 29, 2009 5:18am
Quoting fti
you'll see soon, I think.
You don't see , how they are using the crosses to sweep?

I am waiting for the 4 legged animal to yield?
i tot i saw some killer legs in there. wait lemme check...yeah hard on confirmed.

boss, im biased short greenback. i hope im not not travelling against ur locomotive.
  • #8,202
  • Jun 29, 2009 5:20am Jun 29, 2009 5:20am
Hi FTi and all, great thread just thought I would add my 2 pence worth here. Staying focused is easier said than done...LOL

Inserted Video


Safe trading all.
  • #8,203
  • Edited 5:33am Jun 29, 2009 5:22am | Edited 5:33am
Quoting jest1081
i tot i saw some killer legs in there. wait lemme check...yeah hard on confirmed.

boss, im biased short greenback. i hope im not not travelling against ur locomotive.
eeer, my usd my,ny , Eur my dusseldoft, my yen my osaka please.

no name switches allowed

A...hhh, more durian,,,,,,cu ny zone......durian & hot rice dinner, dinner is served.
  • #8,204
  • Jun 29, 2009 5:26am Jun 29, 2009 5:26am
Quoting fti
eeer, my usd cccc,ny , Eur cccc dusseldoft, my yen cccc osaka please.

no name switches allowed
is that morse code?
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,205
  • Jun 29, 2009 5:30am Jun 29, 2009 5:30am
Quoting maheswara
is that morse code?
nope,maheswara, thats delivery instructions.
This muscle game. You..eeer stay with you dancing.please

Possible outlook, is assasin wedge. Don't be too exposed.
  • #8,206
  • Jun 29, 2009 5:32am Jun 29, 2009 5:32am
Morning everyone, off to a slow start this Monday. Fresh coffee and fresh air for a clear and alert head. My real-time bias is north on G/D and E/D, but at this time the market seems to have found equalibrium and anything is now possible. Bias is out the window for now. Sitting on the sidelines and watching the world go by. Focus........
  • #8,207
  • Edited 7:09am Jun 29, 2009 5:53am | Edited 7:09am
Short Scout 1.4050
Rescue 1.4065
Current up move is running out of gas ahead of NY open. If NY open against me, I'll bite the bullet, if NY open goes with me, I'd turn this rescue into attack.

Ok, NewYorkers think the sightseeing in south might be splendid. I'm turning into attack mood.
  • #8,208
  • Jun 29, 2009 6:55am Jun 29, 2009 6:55am
FTI,

When you were at the banks, did you feel overall that the summer months (june, july, august) were a little less directional and liquid than normal?

I know anything can happen, and we take what the market gives.... curious to your thoughts.

regards,

a
  • #8,209
  • Jun 29, 2009 7:04am Jun 29, 2009 7:04am
ugh scorp detected , sizing up too quickly cos performance is under par,
switching account till mind is allright
hope all doin well
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,210
  • Jun 29, 2009 7:13am Jun 29, 2009 7:13am
Quoting imjscn
Short Scout 1.4050
Rescue 1.4065
Current up move is running out of gas ahead of NY open. If NY open against me, I'll bite the bullet, if NY open goes with me, I'd turn this rescue into attack.
your rescue, seems too close in congested illquidity driven Euro rally.

@auxesis,
The liquidity does pan down 2 to 3 weeks ahead of july 4.
the tones are normally USD advantaged. And price spikes tend for usd tends to be sporadic, while markets try to buy cheaper usd to replenish for the big bang. But this is only general tendency. Cyclic tendencies have to relate to the pcture on the ground.

This time , the cross cables seem to be behaving abnormal.
We know that king had mentioned that the uk economies are recovering due to a cheaper stirling. But someone or something wants to test for Iron Lady presence as a resolve. Lets see, generally the CBs had been on top mostly so we are entering watched bands. The persistency of themarket to test and retest these top of bands, is inviting battle.

Personally I had been carrying the view that the cable had been untradable, but if they use the cable to disturb the GBP/Euro relationship as we had been seeing, then they had better be prepared to be taken out.

regards
  • #8,211
  • Jun 29, 2009 7:19am Jun 29, 2009 7:19am
Quoting maheswara
ugh scorp detected , sizing up too quickly cos performance is under par,
switching account till mind is allright
hope all doin well
maheswara, try not to follow me now, dance to your norm.

I am getting into level 5, so if I rescue , its gonna be big in ratio to my norm. The fact that I may have to invove level 6, is making me hedge accross currencies to weigh the attack heavy if I have to. This requires me to spiral within the spiral to leverage on that the attack, if it comes. The deficit of not having much foreign cap since returning from my holidays is not a plus factor. Therefore I have to impliment te level 6s very carefully. Parts of level 5 is already in positions.

regards

Level 6 can be involked only if the existing positions gets a little in the money.
Otherwise too much may be at stake.
  • #8,212
  • Jun 29, 2009 7:23am Jun 29, 2009 7:23am
Quoting fti
your rescue, seems too close in congested illquidity driven Euro rally.
Thanks, Sir! That's one of my scorpion--- I am too anxious to catch the spike. I'll try my best to get rid of this scorpion.
  • #8,213
  • Jun 29, 2009 7:24am Jun 29, 2009 7:24am
Quoting fti
your rescue, seems too close in congested illquidity driven Euro rally.

@auxesis,
The liquidity does pan down 2 to 3 weeks ahead of july 4.
the tones are normally USD advantaged. And price spikes tend for usd tends to be sporadic, while markets try to buy cheaper usd to replenish for the big bang. But this is only general tendency. Cyclic tendencies have to relate to the pcture on the ground.

This time , the cross cables seem to be behaving abnormal.
We know that king had mentioned that the uk economies are recovering due to a cheaper stirling....
Thank you, very interesting.

Regards,
  • #8,214
  • Jun 29, 2009 7:26am Jun 29, 2009 7:26am
Quoting imjscn
Thanks, Sir! That's one of my scorpion--- I am too anxious to catch the spike. I'll try my best to get rid of this scorpion.
In congestion, once realised, you must space out . outherwise you are snowballing risk in the tight band. Unless you want to commit for bet, for direction run. This can be come unhealthy to your mind stability.

Of course if you are gambler with strong stomach, but it is not encouraged.


regards.
  • #8,215
  • Jun 29, 2009 7:29am Jun 29, 2009 7:29am
US equity futures are all up so my bias is now north on E/$, G/$ and E/Y. Staying nimble, though. Watch the CHF for another round on intervention which could spoil the bias for a while. Interesting day for a Monday. fti, your last comment to imjscn is very much timely now given the situation. Thanks.
  • #8,216
  • Jun 29, 2009 7:32am Jun 29, 2009 7:32am
Quoting GEfx
US equity futures are all up so my bias is now north on E/$, G/$ and E/Y. Staying nimble, though. Watch the CHF for another round on intervention which could spoil the bias for a while. Interesting day for a Monday.
When us equities are firming, why would you be buying currencies?
When your usds may come to good use in the near. We may just have a us equity run to the runup to july 4.

The factor of heli in trouble, may put the Feds inactive, But really do you believe that he is the Feds. There are people on the ground opreative, even without the snake's head.
  • #8,217
  • Jun 29, 2009 7:36am Jun 29, 2009 7:36am
Quoting fti
When us equities are firming, why would you be buying currencies?
When your usds may come to good use in the near.
Oh no, am not doing anything based on futures. Just observing now. Not committing to anything right now, just working through and commenting on my bias.
  • #8,218
  • Jun 29, 2009 7:43am Jun 29, 2009 7:43am
Quoting fti
When us equities are firming, why would you be buying currencies?
When your usds may come to good use in the near. We may just have a us equity run to the runup to july 4.

The factor of heli in trouble, may put the Feds inactive, But really do you believe that he is the Feds. There are people on the ground opreative, even without the snake's head.
Uncle Ben be the fall guy (scapegoat)?
  • #8,219
  • Jun 29, 2009 7:43am Jun 29, 2009 7:43am
Quoting GEfx
Oh no, am not doing anything based on futures. Just observing now. Not committing to anything right now, just working through and commenting on my bias.
oh ok., just to broaden your point of sight.
  • #8,220
  • Jun 29, 2009 7:49am Jun 29, 2009 7:49am
Quoting fti
maheswara, try not to follow me now, dance to your norm.

I am getting into level 5, so if I rescue , its gonna be big in ratio to my norm. The fact that I may have to invove level 6, is making me hedge accross currencies to weigh the attack heavy if I have to. This requires me to spiral within the spiral to leverage on that the attack, if it comes. The deficit of not having much foreign cap since returning from my holidays is not a plus factor. Therefore I have to impliment te level 6s very carefully. Parts of level 5 is already in positions.

regards

Level...
ah sir ,
no worries , my dance was on my norm alone , just that in the morning , oanda had prob with the chart , lost my stance and I cut some good money in the morning , sumhow book is a lil positive now but still underpar

didnt try to follow u, I make sure to dance my own dance
im not even sure of ur stance , I think u flipped many times today ... level 6 is big money sir,
in my normal dance , level 6 will mostly have half my army outside ... doesnt happen everyday ...
To Live is the rarest thing in the world , Most people exist , that is all
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