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Technical Analysis Fallacy

  • #8,581
  • Jul 8, 2009 12:11am Jul 8, 2009 12:11am
Hi Friends,

watching my lady USDJPY. She's in the low 9400 area now.
Is there no talk about new CB actions out there?
Have not read or heared anything from that direction yet ...
  • #8,582
  • Jul 8, 2009 12:39am Jul 8, 2009 12:39am
Nice dance with your lady, MaMood!

There's no CB talk this Asia morning, but dealers are talking about strong bid along the way down, especially there was a huge bid at 94.60 from various offshore names, and they are trialling the bid with the down.
  • #8,583
  • Jul 8, 2009 12:59am Jul 8, 2009 12:59am
Quoting imjscn
Nice dance with your lady, MaMood!

There's no CB talk this Asia morning, but dealers are talking about strong bid along the way down, especially there was a huge bid at 94.60 from various offshore names, and they are trialling the bid with the down.
Hi imjscn!

Thanx for the infos.
There seems to be strong option strikes/expirations in this area too.
But my Cow Dung Ball tells me, that we will visit 93xx today ....

But I#m sure my lady will tell me, what she want's todo ;-)
  • #8,584
  • Jul 8, 2009 1:27am Jul 8, 2009 1:27am
Great drop down!
I rescued long scout in the down direction, deployed 2 level attack. This dancing was really exciting.
  • #8,585
  • Jul 8, 2009 2:12am Jul 8, 2009 2:12am
Great move up as well (on cable).
  • #8,586
  • Jul 8, 2009 2:46am Jul 8, 2009 2:46am
IFR news:

"A US investment name has been a very good size buyer of out of the money low delta EUR puts this week. On Monday he lifted 16 September 10 delta EUR puts (around 1.29 strike) at 13.75 in [EUR 1.1bln] and as we reported yesterday - 5mth 10 EUR puts in EUR 400mln and a 13 Nov 1.25 strike around 14.5 in a further [EUR 500mln]. It is not clear whether these are speculative punts, but other players have been jumping aboard and helping to pressure risk reversals as a result. The premiums involved in these transactions are minimal - around 0.34% of nominal (EUR).
  • #8,587
  • Edited 3:56am Jul 8, 2009 3:29am | Edited 3:56am
Quoting imjscn
IFR news:

"A US investment name has been a very good size buyer of out of the money low delta EUR puts this week. On Monday he lifted 16 September 10 delta EUR puts (around 1.29 strike) at 13.75 in [EUR 1.1bln] and as we reported yesterday - 5mth 10 EUR puts in EUR 400mln and a 13 Nov 1.25 strike around 14.5 in a further [EUR 500mln]. It is not clear whether these are speculative punts, but other players have been jumping aboard and helping to pressure risk reversals as a result. The premiums involved in these transactions are minimal - around...
Long sword usd bull positions with cheap premium.
This position is not afraid of rallies. Smart move.
When market touches 12500 again , boom town charlie, only this has to happen before ?
Band of play 12900 to 12500. Inside this band, boom town charlie. There is a missing wing, I think will be done in stealth mode.

3 rd wing maybe in delta mode.

Seems this chap is very sure that Eur/USd will be trading below 1.3 soon.
Does he know something in the figs we don't yet?
Sure hope its not mikey & jackson plays.
So watch out for usd bull volitility, people. esp in off zone hours.
  • #8,588
  • Jul 8, 2009 3:33am Jul 8, 2009 3:33am
Thanks j, uk and everyone else
  • #8,589
  • Jul 8, 2009 4:02am Jul 8, 2009 4:02am
Quoting imjscn
IFR news:

"A US investment name has been a very good size buyer of out of the money low delta EUR puts this week. On Monday he lifted 16 September 10 delta EUR puts (around 1.29 strike) at 13.75 in [EUR 1.1bln] and as we reported yesterday - 5mth 10 EUR puts in EUR 400mln and a 13 Nov 1.25 strike around 14.5 in a further [EUR 500mln]. It is not clear whether these are speculative punts, but other players have been jumping aboard and helping to pressure risk reversals as a result. The premiums involved in these transactions are minimal - around...

like greek n latin to me ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,590
  • Jul 8, 2009 4:27am Jul 8, 2009 4:27am
After read Chief's post, I realized it's in English
  • #8,591
  • Jul 8, 2009 4:46am Jul 8, 2009 4:46am
Quoting maheswara

like greek n latin to me ...
Beware of Greeks bearing Forex options
  • #8,592
  • Jul 8, 2009 9:27am Jul 8, 2009 9:27am
night guys

To Live is the rarest thing in the world , Most people exist , that is all
  • #8,593
  • Jul 8, 2009 9:31am Jul 8, 2009 9:31am
Quoting maheswara
night guys

Have a good night Maheswara!
  • #8,594
  • Jul 8, 2009 10:14am Jul 8, 2009 10:14am
anyone dancing this nice USDJPY move down???


edit: seems all pairs are falling like a rock ...
Hope you are all save ...
  • #8,595
  • Jul 8, 2009 10:50am Jul 8, 2009 10:50am
Quoting MaMood
anyone dancing this nice USDJPY move down???


edit: seems all pairs are falling like a rock ...
Hope you are all save ...
I have been gathering for a while...
CU
Empty as water and soft as a facing wind mountain
  • #8,596
  • Jul 8, 2009 11:06am Jul 8, 2009 11:06am
Wow, nice fall! I wonder how low it will go?
  • #8,597
  • Edited 11:20am Jul 8, 2009 11:08am | Edited 11:20am
Quoting ukmanthailan
Out of interest, where do you come up with all these levels that you are looking at?
By watching the where she goes on the chart and time spent and distance there in each time frame I try to get a feel for what shes trying to accomplish.

I guess Ive been a bit over confident and lazy as I should be considering the same with the other 2 kingdoms along with the e/u to get a complete picture.

Eyes open e/u 3846 area.
  • #8,598
  • Jul 8, 2009 11:22am Jul 8, 2009 11:22am
Quoting Zoran
Wow, nice fall! I wonder how low it will go?
If we get to 3750 my eyes will be extra attentive in that area.
  • #8,599
  • Jul 8, 2009 1:51pm Jul 8, 2009 1:51pm
Im in Can anybody push this thing over 3846 so I can take a little ride north ?
  • #8,600
  • Jul 8, 2009 5:06pm Jul 8, 2009 5:06pm
I thought this thread would stop after fti's announcement, but it looks like I was wrong. Wonderful day trading. As soon as the S&P 500 cracked 880, the E/Y just took off. Yea! Now waiting for a pullback and then we will see what happens. BOE is announcing tomorrow morning, and its earnings season. You couldn't ask for more. fti, hope you are well, and I will check back from time to time to see how you are all doing. Time for some rest.
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