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Technical Analysis Fallacy

  • #9,621
  • Aug 14, 2009 7:21am Aug 14, 2009 7:21am
Inserted Video
  • #9,622
  • Edited 7:53am Aug 14, 2009 7:40am | Edited 7:53am
$bear alive in the Yen, Euro Cable undecided and looking weak for the moment, 3K's inverted atm.. be nimble

The drama builds, what she gonna do?
  • #9,623
  • Aug 14, 2009 7:58am Aug 14, 2009 7:58am
The Bull opens an eye, watch 95 on the Yen
  • #9,624
  • Aug 14, 2009 8:00am Aug 14, 2009 8:00am
MaMood, wanted to know if this push to 94.60's was what you had in mind? After a nice ride down, I am waiting to see if it will push further today. Good trading everyone.
  • #9,625
  • Aug 14, 2009 8:41am Aug 14, 2009 8:41am
Hearing some interesting talk about the Fed and the secertly buying of their own treasuries without disclosure.... basically other countries not participating thus the US unable to finance the debt, result is that the Fed will have to increase rates to lure buyers...... watch the cow patties some you don't step in it, but tis something to think about.
  • #9,626
  • Aug 14, 2009 8:46am Aug 14, 2009 8:46am
Quoting auxesis
Hearing some interesting talk about the Fed and the secertly buying of their own treasuries without disclosure.... basically other countries not participating thus the US unable to finance the debt, result is that the Fed will have to increase rates to lure buyers...... watch the cow patties some you don't step in it, but tis something to think about.
Were did you hear this from?
  • #9,627
  • Aug 14, 2009 8:49am Aug 14, 2009 8:49am
Quoting M-H Trader
Were did you hear this from?
The talk was on CNBC which was surprising they mentioned it, but there's been alot of buzz about it elsewhere. but not in the media.

http://seekingalpha.com/instablog/40...es-at-auctions
  • #9,628
  • Aug 14, 2009 8:54am Aug 14, 2009 8:54am
Quoting auxesis
The talk was on CNBC which was surprising they mentioned it, but there's been alot of buzz about it elsewhere. but not in the media.

http://seekingalpha.com/instablog/40...es-at-auctions

aww interesting... thanks for the link will read.
  • #9,629
  • Aug 14, 2009 9:05am Aug 14, 2009 9:05am
Euro flows to the Yen, let's see if we can get a pullback and hit again.... lol that rhymes, I'm a poet and don't know it
  • #9,630
  • Aug 14, 2009 9:32am Aug 14, 2009 9:32am
Hi All, Seems there are covert plans to prop up th usd, beware invisible hands. Much rumours everywhere, but no source info.

hope all are dancing well. the carts of pips still coming.

regards
  • #9,631
  • Aug 14, 2009 9:42am Aug 14, 2009 9:42am
Quoting fti
Hi All, Seems there are covert plans to prop up th usd, beware invisible hands. Much rumours everywhere, but no source info.

hope all are dancing well. the carts of pips still coming.

regards
Being dancing well with the EUR/USD today. Short the London and NY session with the EUR/USD. Started to ease off the attacks now, just in case the movement stops for the weekend. Looks like people here have had a good Friday to finish the week. Ray
  • #9,632
  • Edited 10:01am Aug 14, 2009 9:50am | Edited 10:01am
Quoting auxesis
The talk was on CNBC which was surprising they mentioned it, but there's been alot of buzz about it elsewhere. but not in the media.

http://seekingalpha.com/instablog/40...es-at-auctions
This is interesting if it's true. There is a rising level of mistrust of the US government among US citizens right now, and if this is true, we could see the beginning of some serious internal problems in the USA. Could make the disruptions at townhall meetings look like childs play. Let's hope this is not true.
Edit: I have been short the E/J and the $/J this morning and am very happy. Now am long the $/CAD at 1.0906 and protecting the entry price.
Edit: took 1/2 my position off at 1.0928, and protecting 1.0909 for the remaining. Time to call it a day so not looking for new postions now. Will manage this little trade and then head into the weekend.
  • #9,633
  • Aug 14, 2009 9:57am Aug 14, 2009 9:57am
Quoting 1234
Being dancing well with the EUR/USD today. Short the London and NY session with the EUR/USD. Started to ease off the attacks now, just in case the movement stops for the weekend. Looks like people here have had a good Friday to finish the week. Ray
London boys will be heading home soon, NY Boys flipping coins to see who's buying lunch.... watch for a post lunch run to finish the week... but always dance nimble.

calling it a day, great weekend everyone
  • #9,634
  • Aug 14, 2009 10:01am Aug 14, 2009 10:01am
Looks like the EUR/USD is not finish for the weekend. But I am starting to get tired. All the best for those who are trading the NY session. Ray
  • #9,635
  • Aug 14, 2009 10:06am Aug 14, 2009 10:06am
Quoting fti
Hi All, Seems there are covert plans to prop up th usd, beware invisible hands. Much rumours everywhere, but no source info.

hope all are dancing well. the carts of pips still coming.

regards
Fti,

Missed your post, indeed some interesting stuff floating around.....

Hows to move into the other markets?

Regards,
  • #9,636
  • Aug 14, 2009 12:10pm Aug 14, 2009 12:10pm
Quoting fti
Hi All, Seems there are covert plans to prop up th usd, beware invisible hands. Much rumours everywhere, but no source info.

hope all are dancing well. the carts of pips still coming.

regards

Ahh...very good observation. The pattern of subterfuge to prop up the USD is beautiful to behold. It's a work of art to see the colusion between the Administration and media. I love it.

My research is indicating a Highly Likely meltdown in the week of Sept. 9-16 in the DOW. FX should go very volatile as institutions seek safety in a world no longer safe. Today is good, Sept. is going to be spectacular good.

Regards
  • #9,637
  • Aug 14, 2009 1:32pm Aug 14, 2009 1:32pm
Quoting 5%er
Ahh...very good observation. The pattern of subterfuge to prop up the USD is beautiful to behold. It's a work of art to see the colusion between the Administration and media. I love it.

My research is indicating a Highly Likely meltdown in the week of Sept. 9-16 in the DOW. FX should go very volatile as institutions seek safety in a world no longer safe. Today is good, Sept. is going to be spectacular good.

Regards

Resting...that was the plan...but my bulls are strongly back...so I am riding the bulls..a bunch of pips...a lot of Euro trashing going on.
Empty as water and soft as a facing wind mountain
  • #9,638
  • Aug 14, 2009 2:10pm Aug 14, 2009 2:10pm
Men, I just made over 1100 pips today, I'm out for the day; but the Euro got his A... kik today and it may not be over yet. But what do I know I'm just learning this FOREX thing.
  • #9,639
  • Aug 14, 2009 8:49pm Aug 14, 2009 8:49pm
Quoting auxesis
London boys will be heading home soon, NY Boys flipping coins to see who's buying lunch.... watch for a post lunch run to finish the week... but always dance nimble.

calling it a day, great weekend everyone
Thanks. Noted. Will keep it in mind for future Fridays. Ray.
  • #9,640
  • Edited 8:56pm Aug 15, 2009 7:39pm | Edited 8:56pm
Quoting lilpip
my view of the e/u terrain as I try to keep an eye on the yearly or major trend, (up from 4094 area).
monthly terrain of aug.
4500
3936
3373
This weeks terrain review.

The e/u did not want to continue her climb from the previous week and when she moved back to last weeks area I was up from (1.4154), her move up from that area was not so convincing, she sure feels like theres more motivation to move down than up.
My bias for the week is up from 1.4182, the area shes in, otherwise Im going the other way.
1.4438
1.4182
1.3998
1.3734
So much for the weeks review and trend, I need to look at the daily and prepare for sun.
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