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Technical Analysis Fallacy

  • #10,641
  • Edited 1:03pm Sep 21, 2009 12:47pm | Edited 1:03pm
Hi lilpip
My condolences and blessings of your family

Hi luSan
congratulations for your new job

... apologies for the great pictures (I paint and work on the pda)
  • #10,642
  • Sep 21, 2009 3:17pm Sep 21, 2009 3:17pm
Dear lilpip, sorry to hear about your loss.


Checking in to say hi and I am glad to see this thread still kicking.
  • #10,643
  • Sep 21, 2009 3:47pm Sep 21, 2009 3:47pm
Quoting luSan
Folks,
I just arrive afterd a 3 days interview job...
and the answer?
I got it...Yes...I great job with an excellent salary.
So I will relocate to Greensboro, North Carolina
and start working 2 weeks from now...
So any dancer that comes around that part of the country
is already invited to some coffe or tea.

How will this affect my trading?
I believe not much as long as I could have my own personal computer at work...(that is something that I need to look into)
so...probably I would be even more relaxed and calm in my trading...I am even inclined...
Congrats on the job Lusan! I just relocated to Wilmington NC myself for graduate school. I moved from CT down here a few months back, definately WILL NOT miss those New England winters! Good luck with everything.
  • #10,644
  • Sep 21, 2009 4:51pm Sep 21, 2009 4:51pm
Quoting btr5596
Congrats on the job Lusan! I just relocated to Wilmington NC myself for graduate school. I moved from CT down here a few months back, definately WILL NOT miss those New England winters! Good luck with everything.
Great. If you stop by Greensboro, I will have coffee for you....
I came back I found 5 C...terrible cold weather.
Empty as water and soft as a facing wind mountain
  • #10,645
  • Sep 22, 2009 1:19am Sep 22, 2009 1:19am
Good Morning Friends!

A little info relating to the current sentiment ...

0616 GMT [Dow Jones] ASIAN SUMMARY: Mixed day for Asian stock markets amid slightly negative cue from Wall Street, caution ahead of FOMC outcome, G-20 summit this week. Korea's Kospi +1.4%, S&P/ASX 200 down 0.2%, STI +0.7%, Taiwan down 0.5%, Sensex +0.7%, Shanghai down 1.7%. Markets in Japan, Malaysia, Indonesia closed.
[...]

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #10,646
  • Sep 22, 2009 8:45am Sep 22, 2009 8:45am
Just for info:

New York, Sept. 22. USD selling at the equity market open as London banks unload. Overnight, Japan PM floated the idea of an East Asian group plan in his meeting with for Chinese President Hu. This will be great for China so long as it pegs its currency to the USD. Commercial USD bids are placed around 91.00 with stops set at 90.75. A 91.00 expiry is set to roll off today. Asian CBs are said to be on both sides of this trade above 92.00 and now below 91.00. EUR/JPY lower following the announcement of a completed Suntory purchase of Orangina. There is, also, some talk that foreign investor money flow is favoring JPY. As said before, buy Hatoyama JPY vol. [i][email protected][/i]


Disclaimer: Be aware of possible Cow Dung included ;-)
  • #10,647
  • Sep 22, 2009 8:48am Sep 22, 2009 8:48am
finally a day above 1%
been sweating for a month with low leverage trading ... hopefully can maintain the good run n also euro to continue moving nicely ...

hope everyone else having a great day
cya later n gnite
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,648
  • Sep 22, 2009 8:55am Sep 22, 2009 8:55am
Quoting maheswara
finally a day above 1%
been sweating for a month with low leverage trading ... hopefully can maintain the good run n also euro to continue moving nicely ...

hope everyone else having a great day
cya later n gnite
  • #10,649
  • Sep 22, 2009 8:58am Sep 22, 2009 8:58am
Quoting maheswara
finally a day above 1%
been sweating for a month with low leverage trading ... hopefully can maintain the good run n also euro to continue moving nicely ...

hope everyone else having a great day
cya later n gnite
Hey congrats, Maheswara!
Be patient, my friend
  • #10,650
  • Sep 22, 2009 9:21am Sep 22, 2009 9:21am
Quoting maheswara
finally a day above 1%
been sweating for a month with low leverage trading ... hopefully can maintain the good run n also euro to continue moving nicely ...

hope everyone else having a great day
cya later n gnite

Good job!!!
  • #10,651
  • Sep 22, 2009 9:23am Sep 22, 2009 9:23am
Just for info again:



London, September 22. A 1.4800 EUR/USD exotic Digital option, carrying an estimated E10mn payout, rolls off at the 10am Eastern NY option cut tomorrow (Wednesday, 14:00GMT), alongside a 1.4780 strike. There is also another 91.00 USD/JPY option expiry for tomorrow"s NY cut, to follow today"s 91.00 expiry ).


Disclaimer: Be aware of possible Cow Dung included ;-)
  • #10,652
  • Sep 22, 2009 9:49am Sep 22, 2009 9:49am
@auxesis , mamood , V : thank you , thank you

I believe we havent seen the top yet (Euro), most sellings are weak ...
1.4850-60 will be a major area (it was visible top for weekly chart)
anyway dance the tune and stick on being nimble , im squaring out now...

good trade and good luck
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,653
  • Sep 22, 2009 12:11pm Sep 22, 2009 12:11pm
Happy trading day everyone. I would call this one a bust for me, with a couple of trades that just went nowhere (lost 10 pips today - lol). I guess the FOMC meeting and G17 or G20 are causing some short term jitters. Maybe things will move with the Tokyo open. Just a note of caution: there is much talk of coordinated intervention among CBs to support the dollar. If this does not materialize soon, the dollar could take a sharp thumping (who is betting on 1.5000?). Either way, be prepared to take advantage if the surge is with you, or to reverse if it goes against you. Probably not a good time to be brave and/or stuborn. imho.
  • #10,654
  • Sep 22, 2009 12:23pm Sep 22, 2009 12:23pm
Hello. Good opportunity for USD...I am EUR/USD - sell 1.4792, 1.4784.

-Dow rises but EUR/USD not..... So it maybe will fall......
-above 1.4800 danger... but under is big black hole... full of hundreds pips... short is worth to try it for me...
-Or when resistance wont hold... stop it in first retracement back to 1.4800...
  • #10,655
  • Sep 22, 2009 12:41pm Sep 22, 2009 12:41pm
Quoting Fana
Hello. Good opportunity for USD...I am EUR/USD - sell 1.4792, 1.4784.

-Dow rises but EUR/USD not..... So it maybe will fall......
-above 1.4800 danger... but under is big black hole... full of hundreds pips... short is worth to try it for me...
-Or when resistance wont hold... stop it in first retracement back to 1.4800...
You might be right...specially if the Dow goes south...let us see.
Empty as water and soft as a facing wind mountain
  • #10,656
  • Sep 22, 2009 12:56pm Sep 22, 2009 12:56pm
Quoting Fana
Hello. Good opportunity for USD...I am EUR/USD - sell 1.4792, 1.4784.

-Dow rises but EUR/USD not..... So it maybe will fall......
-above 1.4800 danger... but under is big black hole... full of hundreds pips... short is worth to try it for me...
-Or when resistance wont hold... stop it in first retracement back to 1.4800...
... sharp eyes for Termina
and ready General... :o)
  • #10,657
  • Sep 22, 2009 12:59pm Sep 22, 2009 12:59pm
Quoting maheswara
@auxesis , mamood , V : thank you , thank you

I believe we havent seen the top yet (Euro), most sellings are weak ...
1.4850-60 will be a major area (it was visible top for weekly chart)
anyway dance the tune and stick on being nimble , im squaring out now...

good trade and good luck
At the beginning of the quarter the terrain of the last 3 quarters were reviewed and 4870 area was an area of interest.
Today, when I can, watching how 4830 and 4795 area responds also 4718.

the way the g/u fell last week, sure opens my eyes to the e/u this week, end of month and quarter.
  • #10,658
  • Sep 22, 2009 1:04pm Sep 22, 2009 1:04pm
Quoting Fana
Hello. Good opportunity for USD...I am EUR/USD - sell 1.4792, 1.4784.

-Dow rises but EUR/USD not..... So it maybe will fall......
-above 1.4800 danger... but under is big black hole... full of hundreds pips... short is worth to try it for me...
-Or when resistance wont hold... stop it in first retracement back to 1.4800...

Hi fana,

your approach is a little bit to predictie for my taste.
The market is very slow at the moment and due to the bank holidays in asia (tomorrow as well) there is not that much liquidity in the markets.
Why not waiting till the lady shows what she is going to do?

I try to minimize my exposure to the markets as much as possible. Means I have only a scout in the battlefield in such calm markets.

But that's only my view on that ....

However - I wish you good furtune with your trades!

CU, MaMood
  • #10,659
  • Sep 22, 2009 1:16pm Sep 22, 2009 1:16pm
I have a question.
Is it possible to use one of gro's pictures as an avatar?
If so I have a question for gro, I was wondering if you could draw a picture of a bull and bear head to head with the crowns of their head just about pressed up to one another ?
Id get my buddy to put it on for me.
  • #10,660
  • Sep 22, 2009 1:20pm Sep 22, 2009 1:20pm
Quoting MaMood
Hi fana,

your approach is a little bit to predictie for my taste.
The market is very slow at the moment and due to the bank holidays in asia (tomorrow as well) there is not that much liquidity in the markets.
Why not waiting till the lady shows what she is going to do?

I try to minimize my exposure to the markets as much as possible. Means I have only a scout in the battlefield in such calm markets.

But that's only my view on that ....

However - I wish you good furtune with your trades!

CU, MaMood
MaMood, thank you...yes... i opened this trade too early and maybe it wont go as i like.... But i still thing that it is worth to go....When dollar will go, that will be huge...
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