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Technical Analysis Fallacy

  • #10,081
  • Aug 28, 2009 8:28am Aug 28, 2009 8:28am
Quoting Fana
Fti,
about tomorow, how big should be those, who sent EUR/USD to 1.4406... Fed? Big banks?? I think that because it reached above 1.4400, it was hunting for money, not caused by oil,Dow... Thank you
Hi Fana,
I suspect CBs.
they did 2 pin revesal before the late night thingy.
Ample warning was issued.
If CBs were in stealth mode, it would be their teir 1 proxies.

I believe they are trying to avoid over buying of USD.
Moreover the heli ben reppointment is not palatable to many.

regards
  • #10,082
  • Aug 28, 2009 8:28am Aug 28, 2009 8:28am
Thats my problem because I also have cycling training and taekwondo trainings so I can't do so many things in same time :S Need to organize myself a little bit. Yesterday I was cycling 6hours. 2h in morning 4 in afternoon. Have to get back my form as I was on long holidays wihout cycle
  • #10,083
  • Aug 28, 2009 8:28am Aug 28, 2009 8:28am
U of M confidence numbers due in about 30 minutes. I wonder if anyone is around in NY to trade today. I imagine the beaches on Long Island and around NJ are filling up as I type this.
  • #10,084
  • Aug 28, 2009 8:29am Aug 28, 2009 8:29am
Quoting MaMood
Glad to hear, that you have saved your book once again.
Was really anxiuos about you, as I have seen that powerful moves yesterday.
But as always - you have reacted pro-like ;-)

Good trades!

CU,
MaMood
I am glad too.
Thanks for your kind words.

regards
  • #10,085
  • Aug 28, 2009 8:30am Aug 28, 2009 8:30am
american boys once more don't like strong USD. What the hell is goin on?
  • #10,086
  • Edited 8:47am Aug 28, 2009 8:30am | Edited 8:47am
Quoting GEfx
fti, glad you and your account have lived to fight again another day. Good luck today. I will be very happy next week when August is finally over and traders are back at work. Good trading everyone.
In fact I flip up skewed and made good pips, very many carts.

The underlying is that a surging usd will runaway inflate the us economy with out real growth. And this can be dangerous as seen in the equities sectors.We may be at extreme
s of the CB's float bands. strong signals had been sent , heed them. Last thing , needed now is an equities bubble to drive the housing bubble.
The CBs had already declared that they will use stealth strategies if things do not stay in their favour. You had been told. Having said that , be in the know that markets will always test CB resolves, so brace yourself for roller coaster rides.

regards
  • #10,087
  • Aug 28, 2009 8:39am Aug 28, 2009 8:39am
entered rescue 2 troop at 1.4380 on EU to save my scout from 1.434

P.S People do you like bruce lee thoughts like:
Empty your ambitious mind and learn the art of dying. You cannot win you if don't accept defeat.
Don't think, feel. It's like pointing a finger to the moon. If you look a finger you will miss all the heavenly glory. And also
Don't make a plan of fighting, it's the best way to loose your teeth
And be water my friend. If you put water in the cup it becomes the cup. Water can flow water can crash be water my friend

Inserted Video

i cannot find original scene
P.S There are just few thoughts other is music
3.30 and 0.20 are good thougts
  • #10,088
  • Aug 28, 2009 8:54am Aug 28, 2009 8:54am
Quoting fti
In fact I flip up skewed and made good pips, very many carts.

The underlying is that a surging usd will runaway inflate the us economy with out real growth. And this can be dangerous as seen in the equities sectors.We may be at extreme
s of the CB's float bands. strong signals had been sent , heed them. Last thing , needed now is an equities bubble to drive the housing bubble.
The CBs had already declared that they will use stealth strategies if things do not stay in their favour. You had been told. Having said that , be in the know...
Thanks fti. I think caution is key, and everyone must keep their heads in the battle or risk all. Back to my focus. Good trading.
  • #10,089
  • Aug 28, 2009 8:58am Aug 28, 2009 8:58am
Inserted Video


music that can take ur soul from everything that matters...

good weekend to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,090
  • Aug 28, 2009 9:05am Aug 28, 2009 9:05am
Quoting mijamoto
entered rescue 2 troop at 1.4380 on EU to save my scout from 1.434

P.S People do you like bruce lee thoughts like:
Empty your ambitious mind and learn the art of dying. You cannot win you if don't accept defeat.
Don't think, feel. It's like pointing a finger to the moon. If you look a finger you will miss all the heavenly glory. And also
Don't make a plan of fighting, it's the best way to loose your teeth
And be water my friend. If you put water in the cup it becomes the cup. Water can flow water can crash be water my friend

http://www.youtube.com/watch?v=A20vgZ7Ihj4
i...
Mijamoto,

He originally said that in an interview, it may have been incorporated into one of his movies, i'm not sure

regards,
  • #10,091
  • Aug 28, 2009 9:08am Aug 28, 2009 9:08am
Bull trying to get a foothold?
  • #10,092
  • Edited 9:30am Aug 28, 2009 9:10am | Edited 9:30am
Looks like the usd bull is not done . Big Boys battle it out in thin volume.

dd/ss balance needed, Too much manipulation against natural forces.

Strategic crosses legging is the way.
Target euro /Gbp/yen butterflies.

euro up wings yen body, cable dives


Inserted Video
  • #10,093
  • Aug 28, 2009 9:15am Aug 28, 2009 9:15am
Let's see if Euro can get on board with the others

Dow had turned red, but inching back to the open
  • #10,094
  • Aug 28, 2009 9:17am Aug 28, 2009 9:17am
Quoting fti
I am glad too.
Thanks for your kind words.

regards

fti, may I ask you at what price have you made the decision, that you are on the wrong side of EURUSD or Cable?
Or maybe it is more interesting: After howm many pips in loss?

Just curious to see how fast you are doing such kind of decisions ...

Thanx!
  • #10,095
  • Aug 28, 2009 9:24am Aug 28, 2009 9:24am
I do not have a good feeling about the market right now. Very thin action that looks to be squaring up its earlier moves, perhaps then done for the week. This is the last day of summer holiday so expect NY traders to be back next week. Perhaps it is the better part of valor for me to call it a week and relax now. Good trading to you all.
  • #10,096
  • Aug 28, 2009 9:26am Aug 28, 2009 9:26am
Quoting GEfx
I do not have a good feeling about the market right now. Very thin action that looks to be squaring up its earlier moves, perhaps then done for the week. This is the last day of summer holiday so expect NY traders to be back next week. Perhaps it is the better part of valor for me to call it a week and relax now. Good trading to you all.
I believe London will be out next Monday, kicker to me is the Labor day weekend holiday is very late this year, not till next weekend, so I don't know how that plays out as to when everyone will be back?
  • #10,097
  • Aug 28, 2009 9:28am Aug 28, 2009 9:28am
Cable is plunging, looks like I picked the wrong southbound bus to ride, see if Euro can catch up with the others
  • #10,098
  • Aug 28, 2009 9:29am Aug 28, 2009 9:29am
Watched too much USDJPY and EURUSD missed GBPUSD. :s Right now short EU
  • #10,099
  • Edited 10:45am Aug 28, 2009 9:55am | Edited 10:45am
Quoting auxesis
Cable is plunging, looks like I picked the wrong southbound bus to ride, see if Euro can catch up with the others
strategically wrong, when elephants fight, either stay out if you are newbie, or impliment butterfly strategies. Ride strategies have little chances for survival, so is long sword, other strategies are to write options for time decay. but you have to be at least intermediate strategist to do that safely.

short euro is wrong way,you will be unable to have cable leg to cross out.
note: short euro/usd short cable = long usd
to leg
short cable long euro is long euro/cable.
first leg is on cable, to squeeze euro for leg.
usdyen plays to pitch or yaw.

This may be too advance for you, but basically is to cross the Euro / gbp one leg at a time depending on the directional flux.
  • #10,100
  • Edited 10:18am Aug 28, 2009 9:59am | Edited 10:18am
Quoting MaMood
fti, may I ask you at what price have you made the decision, that you are on the wrong side of EURUSD or Cable?
Or maybe it is more interesting: After howm many pips in loss?

Just curious to see how fast you are doing such kind of decisions ...

Thanx!
flipped 16190++
the trade blotter is too long to show.
multiple spot crosses and interbank spot and online retail arbitrages as well.
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