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Technical Analysis Fallacy

  • #8,701
  • Jul 10, 2009 5:55am Jul 10, 2009 5:55am
Quoting fti


You know, hard where the days when I had to chart the markets manually.
When computerisation came to being, only a handful of people championed the cause. Computrac,Teletrac, KnightRidder,..........and later Bloomberg News Services, Reuters was forced into it for sake of bottom line. With MT4(reminds me of Metastocks) seems the monopoly is broken. You should be thankful, and much more changes will come about, I hope............enough walk down memory lane.
Yes i will keep that in mind, since you mentioned it, I was re-reading W.Wilder's New concept....book over last weekend, when going through the instructions, I was reminded of you !! That was a lot of work....
  • #8,702
  • Jul 10, 2009 5:56am Jul 10, 2009 5:56am
Quoting imjscn
I was scared out at 1.3930, only watch since then.... because it was between session, not easy to find a handle to get in new attack.

Wow, boss, you woke up our US friend... he banked one lot http://i284.photobucket.com/albums/l...136-giggle.gif
He who laugh last , laughs best.
But not yet into his minefield.
He 'd better be managing his delta.

CU later.
  • #8,703
  • Jul 10, 2009 5:56am Jul 10, 2009 5:56am
Quoting ukmanthailan
I was hoping for the same thing but it din't go far enough for my liking.
Agree with that. It may have a difficult time at 1.6195 so the pull back may still occur. First trade was ok, but would like to get more out of this today. May see some fireworks on other currencies. Waiting and watching (and reading here).
  • #8,704
  • Jul 10, 2009 5:57am Jul 10, 2009 5:57am
Quoting GEfx
Agree with that. It may have a difficult time at 1.6195 so the pull back may still occur. First trade was ok, but would like to get more out of this today. May see some fireworks on other currencies. Waiting and watching (and reading here).
rigid & opinioned, watch and dance, my friend.

again
Inserted Video


Hibari's flow is smoother, nevertheless LiJun sails too.
  • #8,705
  • Jul 10, 2009 6:38am Jul 10, 2009 6:38am
I've changed direction now, didn't seem to want to go down.
  • #8,706
  • Jul 10, 2009 6:50am Jul 10, 2009 6:50am
Quoting fti
rigid & opinioned, watch and dance, my friend.

again
http://www.youtube.com/watch?gl=JP&h...5PM-ZH0&fmt=18

Hibari's flow is smoother, nevertheless LiJun sails too.
Yes, perhaps am trying too hard, but I enjoy the work...LOL. Promise to not push the market but will wait until I am in the flow again, if it arrives.
  • #8,707
  • Jul 10, 2009 7:05am Jul 10, 2009 7:05am
Market is dicing, I'm floating... to the next gas station
  • #8,708
  • Edited 7:31am Jul 10, 2009 7:19am | Edited 7:31am
Took fti's advice and am dancing with the E/J, short at 128.63. Go baby go!
Edit: Took 1/2 my trade off at 128.13 and will let the rest run for a bit.
Edit2: Protecting 60 with 1 min before trade figs
Fianl edit: am out and on side lines for a bit...been a good morning and since its friday I will wait for something really good before making a commttment
  • #8,709
  • Jul 10, 2009 7:24am Jul 10, 2009 7:24am
US trade balance figs coming out in 6 minutes......
  • #8,710
  • Jul 10, 2009 7:27am Jul 10, 2009 7:27am
my trip to south finished at 1.3898, will see which train to get on next...
  • #8,711
  • Jul 10, 2009 7:29am Jul 10, 2009 7:29am
UOB , vp of investment division is named kenneth ko ... maybe him ?

figs coming out guys , stay nimble and quick
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,712
  • Jul 10, 2009 7:37am Jul 10, 2009 7:37am
Oil dipped below $59, S&P futures are solidly negative, US exports are up while the trade deficit is less than expected, and fti says it is the last days of the durian season. Without a doubt, a mixed bag of news - LOL. Lets see some pullback now and wait for the next real move.
  • #8,713
  • Jul 10, 2009 7:42am Jul 10, 2009 7:42am
I'm on the train to north, will see if can go beyond 1.3920/30 or not
  • #8,714
  • Edited 8:20am Jul 10, 2009 7:49am | Edited 8:20am
Quoting maheswara
UOB , vp of investment division is named kenneth ko ... maybe him ?

figs coming out guys , stay nimble and quick
not likely, kenneth of secpac retired already, last known position Regional Treasury Director. and that was 10+ years ago. Really we are quite dinosaurs,
with the exception of FuHua (SGX), and I hear he's retiring soon. Sure would love to sit and have tea with him sometime.
  • #8,715
  • Jul 10, 2009 8:13am Jul 10, 2009 8:13am
aha I see must be a different person...

mostly done for the week for me (unless she does some strip tease dance , then cant resist getting back on the dance floor )

night all ,good weekend
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,716
  • Jul 10, 2009 8:16am Jul 10, 2009 8:16am
Good night, mashes!

Seems I'm going to play cha cha cha to finish this week.
  • #8,717
  • Jul 10, 2009 8:21am Jul 10, 2009 8:21am
More news: GM is emerging from bankruptcy as a smaller, leaner lemonaide stand.
  • #8,718
  • Jul 10, 2009 8:29am Jul 10, 2009 8:29am
Quoting GEfx
More news: GM is emerging from bankruptcy as a smaller, leaner lemonaide stand.
never forget that all giant businesses started such. And under super stewartship became what they are.
  • #8,719
  • Jul 10, 2009 8:34am Jul 10, 2009 8:34am
DJ news:
"Risk appetite has waxed and waned in currency trading in recent days, as skittish investors change their minds about global economic recovery prospects. Most of this week, anxiety about the sustainability of an economic comeback has overshadowed the potimism coming from "green shoots" indicating a turnaround could be underway."

After all the flipping up and down, this news is somewhat nonsense to me. Who the hell is worried about the economy! It's just we traders worried about our pips and the journalists worried about what to write and how to get salary

Attack to the north for some extra pips, by the way
  • #8,720
  • Jul 10, 2009 8:38am Jul 10, 2009 8:38am
Quoting imjscn
DJ news:

After all the flipping up and down, this news is somewhat nonsense to me. Who the hell is worried about the economy! It's just we traders worried about our pips and the journalists worried about what to write and how to get salary
sound of reason,most practical perspective.
Yeah should read less from these buffett wannabes.
more coffee? eer.......should cut down on the sugar.
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