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Technical Analysis Fallacy

  • #8,621
  • Jul 9, 2009 5:25am Jul 9, 2009 5:25am
Quoting DutchAngel
Noted. Thanks Mahes.
Mahes going for walk?
  • #8,622
  • Jul 9, 2009 5:30am Jul 9, 2009 5:30am
Quoting jest1081
http://www.amazon.com/Romance-Three-...7134638&sr=1-1
you like rigid ai algos?
  • #8,623
  • Jul 9, 2009 5:33am Jul 9, 2009 5:33am
Good evening, Sir!

I did caught several pips on the up leg, but it's too slow, every tick made me thinking of going down. Squared several times for nothing. Too bad a dancer.

@ jest: Thanks for the game, hooray! I'll try to get it on the street this weekend. If not available on the street, I'll go Amazon
  • #8,624
  • Jul 9, 2009 5:34am Jul 9, 2009 5:34am
I play online poker when watching paint dry, another good game for brain training.
  • #8,625
  • Jul 9, 2009 5:37am Jul 9, 2009 5:37am
Quoting fti
Eee , careful of swine fever.

Note whats happening on the daily charts.
The possibilities, priceless.
be very careful of the junkieness.
Jesus Christ Bar on Daily, followed by possible Engulfing
  • #8,626
  • Jul 9, 2009 5:38am Jul 9, 2009 5:38am
Quoting imjscn
Good evening, Sir!

I did caught several pips on the up leg, but it's too slow, every tick made me thinking of going down. Squared several times for nothing. Too bad a dancer.

@ jest: Thanks for the game, hooray! I'll try to get it on the street this weekend. If not available on the street, I'll go Amazon
Hi imjscn,

Just think a little.
If every spike , tempts you short and the market keeps going higher and higher, what does that tell you?

Don't go for computer games, makes for rigidity.

regards
  • #8,627
  • Jul 9, 2009 5:40am Jul 9, 2009 5:40am
Quoting aiyahmarklah
I play online poker when watching paint dry, another good game for brain training.
yeah good, wait till one day , you are so on poker and the paint dried already.

The thing is computer games makes you think and react fast, but the thinking doesn't go deep , unless you are very experienced. Could make you reckless, anyway thats just my 2 cts.

regards
  • #8,628
  • Edited 5:55am Jul 9, 2009 5:41am | Edited 5:55am
Quoting imjscn
Jesus Christ Bar on Daily, followed by possible Engulfing
huh,, what's you smoking?

Anyway, when i switched my charts on , I watched the market inching up, cautiously. Now she's thick legs coming back to 13950s, Don't you think we are too near 14000 not to kiss her, even for a little? So be careful.

Moreover if we manage to hold above 14000 , a whole world opens. Lets see how the ny boys wanna play.

Just my feelings.
  • #8,629
  • Jul 9, 2009 5:42am Jul 9, 2009 5:42am
Quoting fti
Just think a little.
If every spike , tempts you short and the market keeps going higher and higher, what does that tell you?
best wisdom of the day
  • #8,630
  • Jul 9, 2009 5:43am Jul 9, 2009 5:43am
Quoting fti
yeah good, wait till one day , you are so on poker and the paint dried already.

regards
yah lor...you caught me there...kena before myself to blame

edit: but at least poker not ai lah
  • #8,631
  • Jul 9, 2009 5:51am Jul 9, 2009 5:51am
Quoting fti
Hi imjscn,

Just think a little.
If every spike , tempts you short and the market keeps going higher and higher, what does that tell you?

Don't go for computer games, makes for rigidity.

regards
Thanks, Sir!
That means the market really want to go up no matter how hard we try to short it.
If I keep trying to short a persistent move, that means I was Benake or Trichet
  • #8,632
  • Jul 9, 2009 5:54am Jul 9, 2009 5:54am
Quoting imjscn
Thanks, Sir!
That means the market really want to go up no matter how hard we try to short it.
If I keep trying to short a persistent move, that means I was Benake or Trichet
go up again ..I edited.

Quoting imjscn
Thanks, Sir!
That means the market really want to go up no matter how hard we try to short it.
If I keep trying to short a persistent move, that means I was Benake or Trichet
What you are feeling is your bias. The market is cautious, but she is trying to sweep. And I think she is cautious and waiting for reinforcement from ny, so wouldn't run too far away until she has more supporters, this is because the usd bull bias is still there, unless we close above 14000s today. Really we had a long possible reverse bar already,No?
  • #8,633
  • Jul 9, 2009 5:56am Jul 9, 2009 5:56am
Quoting fti
huh,, what's you smoking?
Don't you think we are too near 14000 not to kiss her, even for a little?
I am feeling myself is so funny

If I was mentally sound today, I should do this:
When bounced off the low, and lop higher, just follow the flow to kiss the higher levels till no gas;
Now, we are at cross road, losing gas. NY is coming, leave a scout in, and wait to see what's the play next.
Where's the worries the whole day, my god. Shame on me!
  • #8,634
  • Jul 9, 2009 5:56am Jul 9, 2009 5:56am
no walk for me lah , this small burst up is worrying me

play computer games against other players ,

counterstrike had good similarity
shooting skill , strategy skill (attacking/defending), map knowledge (terrain) , opponents knowledge ...
there are the snipers (waiting for one chance to kill) ,also the burst guys (taking many shots to kill)

the best team usually the one with ultimate patience to wait for opponent to show its weakness ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,635
  • Edited 6:16am Jul 9, 2009 6:02am | Edited 6:16am
Quoting imjscn
I am feeling myself is so funny
MOVING , cable !!!!

sweep , triggered stops !!!! or is there figs or news?

OK, cable rates announcement triggered stops.
now careful unemplyment claims later.
watch her flow.,,,carefully.

focus, don't let me distract you.
I m out for late dinner.
  • #8,636
  • Jul 9, 2009 6:07am Jul 9, 2009 6:07am
Cable---rate unchanged. but expect to hear some speak about QE packages.
  • #8,637
  • Jul 9, 2009 6:09am Jul 9, 2009 6:09am
rates....no follow through action...I am out
  • #8,638
  • Jul 9, 2009 6:19am Jul 9, 2009 6:19am
BOE:
Keep QE at 125bn. consensus was priced for an increase to 150bn.
BOE said they'll review their purchases at teh Aug. meeting but it's very likely that the current 125bn will have ended 1 week before Aug. meeting. the key reason for their decision today is their desire to base decisions on where we are with regards to the inflation outlook.

G8 draft:

" We will refrain from competitive devaluation of our currencies and promote a stable, well functioning international monetary system".

China hope dollor stable because of its role as the main reserve currency.
  • #8,639
  • Jul 9, 2009 6:47am Jul 9, 2009 6:47am
Hi everyone. OK, interesting open shaping up for NY. Love seeing the E/J has nearly squared up yesterdays big move, but not the same for the $/J. E/$ seems to want to move back above 1.4000, or at least try. The G/$ looks a little irrational now, so probably staying out of there. Might be a good idea to keep an eye on the CHF today, too. Fresh coffee, deep breath and focus now. See you later, and my trading station is a durian free zone today, fti. LOL I'll stick with my apple and grapes!
  • #8,640
  • Jul 9, 2009 6:48am Jul 9, 2009 6:48am
Quoting fti
What you are feeling is your bias. The market is cautious, but she is trying to sweep. And I think she is cautious and waiting for reinforcement from ny, so wouldn't run too far away until she has more supporters, this is because the usd bull bias is still there, unless we close above 14000s today. Really we had a long possible reverse bar already,No?
You have the closest feeling about the market ---
Just received the news--- " EURUSD fall back to 3950, bids are now looking to prob the dip. European dealers once more looking for returning US accounts."

Have a nice dinner!
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