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Technical Analysis Fallacy

  • #10,701
  • Sep 27, 2009 1:05am Sep 27, 2009 1:05am
Reviewing the e/u terrain, although moving down from 4830 area Ive taken note of the bounce friday from 1.4610 area.
I have to say my bias is up from 4610.

What are others considering?
As we look at the 3 kingdoms, is there any thought about g/u being out of sync ?
  • #10,702
  • Edited 9:12am Sep 27, 2009 9:11am | Edited 9:12am
"One thingy , I haven't figured out is about God's created animal, The dog. (which is god spelled the other way around.) And you will never in your life, find another animal that would love you more and without condition. You figure this out you let me know. Also know your superiority over all of creation, you are that the ONLY in all creation , that can smile and laugh with joy and happiness."

a riddle: She said, “Yes, Lord, yet even the dogs eat the crumbs that fall from their masters’ table.” Matt 15:27 (ESV)
  • #10,703
  • Sep 27, 2009 2:59pm Sep 27, 2009 2:59pm
Quoting lilpip
Anyone, Is there a easy way to explain how to apply avatar ?
The file can not be bigger than 19.5kb, you might need to shrink the picture to get it to fit.

Go into your profile and you will see under settings and options "edit avatar"

Go into that, mark "use custom avatar" and then go into browse and attach your file.

hope that helps.
  • #10,704
  • Sep 27, 2009 3:22pm Sep 27, 2009 3:22pm
Quoting lilpip
Reviewing the e/u terrain, although moving down from 4830 area Ive taken note of the bounce friday from 1.4610 area.
I have to say my bias is up from 4610.

What are others considering?
As we look at the 3 kingdoms, is there any thought about g/u being out of sync ?
Hummmm............

The Pound is exactly what the BOE said earlier in the week, overpriced and headed south. The exaggerated movement in the pound shaded the dollar as a bit stronger, and while we saw a small bit of that in the euro, Yen gained ground, closing near the days lows after taking out the 90.

To me starting out the week, look long euro when it's time, and short Pound in it's time, the Yen seems to be marching to the beat of it's own drum at the moment, don't know if that will last,as we have seen these levels defended before, however we have a new government in place, not sure how that plays into the picture.

Fundamentals are cloudy to me at the ,moment, so just looking at going with the strength shown on the charts.

fwiw.
  • #10,705
  • Sep 27, 2009 5:24pm Sep 27, 2009 5:24pm
Oh yea, hows lilpip lookn now sportn his avatar ?
  • #10,706
  • Sep 27, 2009 5:40pm Sep 27, 2009 5:40pm
Quoting auxesis
Hummmm............

The Pound is exactly what the BOE said earlier in the week, overpriced and headed south. The exaggerated movement in the pound shaded the dollar as a bit stronger, and while we saw a small bit of that in the euro, Yen gained ground, closing near the days lows after taking out the 90.

To me starting out the week, look long euro when it's time, and short Pound in it's time, the Yen seems to be marching to the beat of it's own drum at the moment, don't know if that will last,as we have seen these levels defended before, however...
Why I ask is the g/u is at its lowest this quarter and the e/u is at the opposite end at its highest.
  • #10,707
  • Sep 27, 2009 5:40pm Sep 27, 2009 5:40pm
Quoting lilpip
Oh yea, hows lilpip lookn now sportn his avatar ?
Inserted Video
  • #10,708
  • Sep 27, 2009 5:49pm Sep 27, 2009 5:49pm
Why thankyou, that video was just hmm how should I say, oh it was just marvelous.
The way that lady fell down the stairs reminded me of the way I danced with the g/u a week ago.
  • #10,709
  • Sep 27, 2009 6:12pm Sep 27, 2009 6:12pm
watchen uj 8858 area.
  • #10,710
  • Sep 27, 2009 6:50pm Sep 27, 2009 6:50pm
Quoting lilpip
watchen uj 8858 area.
lets see what uj does here, if it attempts a retest of the bottom 88.20, the bottom dropped starting the week
  • #10,711
  • Edited 9:20pm Sep 27, 2009 8:31pm | Edited 9:20pm
watchen with extra interest g/u 5781-91 area.
also e/u 4603 area
a/u 8595
  • #10,712
  • Sep 27, 2009 9:42pm Sep 27, 2009 9:42pm
Quoting lilpip
watchen with extra interest g/u 5781-91 area.
also e/u 4603 area
a/u 8595
Well there's definitely been a change in bias, any type of $+ movement in the Yen has promoted a big sell in the Euro.

89.60, 1.5915, 1.4625/40 areas look interesting to me

fwiw,

edit: look for a range to set up off the lows, to be retested during the London, to start out the week
  • #10,713
  • Sep 27, 2009 9:47pm Sep 27, 2009 9:47pm
I have some tasks at hand, about ready to clear the table.
  • #10,714
  • Edited 10:33pm Sep 27, 2009 10:07pm | Edited 10:33pm
Quoting TurtleOnion

a riddle: She said, “Yes, Lord, yet even the dogs eat the crumbs that fall from their masters’ table.” Matt 15:27 (ESV)
There was a construction worker who did not have any background or knowledge of the market and was far less qualified than most to pick up, learn and comprehend the valuable information a certain man had to share with the experienced traders.
However, the construction worker recognized the value of what he had to teach.
So, he pulled his cart up next to this certain mans table to gather up the pips that were left over and fell to the floor.
In the meantime with appreciation the construction worker trys to incorporate his teachings as he knows it will save his book.

An answer to your riddle.
Its better to be a construction worker with book than a trader that lost his.
  • #10,715
  • Sep 28, 2009 5:27am Sep 28, 2009 5:27am
Quoting auxesis
Fana,

To be a trader is a mindset, be it little or a lot. Wants have to be balanced with honest fact, and the ability to sustain oneself... while the present situation is not what is wished for, if you want it bad enough, you will find the way.

It was never written that it is easy.

Remember the lessons of the ant's work, it applies to other things in life besides trading. Start where you can, work to pay your bills at the same time honing your skills, [i]remember FTI said once that it took him about 2 years to turn out a trader and then another...
Auxesis : Thank you
  • #10,716
  • Sep 28, 2009 6:05am Sep 28, 2009 6:05am
Hello, dear friends!

Recently, I feel market is extremely thin. Sometimes no incoming quotes even during the famous London-NewYork overlap sessions. Most of the time no movement in NewYork afternoon.

Is it just me, or the market is sinking? Where's the big money?

If no big money in the market, why so many small brok ers are opening business around? How can they make money on we small individual traders?

Maybe it's a normal market condition during economic recovery phase?
  • #10,717
  • Sep 28, 2009 7:01am Sep 28, 2009 7:01am
hi any one have idea about oil .i m stuck at 69 ...what u thik in this weekly range what going up or ................down ....
  • #10,718
  • Sep 28, 2009 9:25am Sep 28, 2009 9:25am
Quoting lucky ahmed
hi any one have idea about oil .i m stuck at 69 ...what u thik in this weekly range what going up or ................down ....
"Use the force Luke" or read the thread.
  • #10,719
  • Sep 28, 2009 11:32am Sep 28, 2009 11:32am
Quoting Zoran
"Use the force Luke" or read the thread.
LOL
  • #10,720
  • Sep 28, 2009 1:50pm Sep 28, 2009 1:50pm
Quoting Zoran
"Use the force Luke" or read the thread.
.
Empty as water and soft as a facing wind mountain
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