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Technical Analysis Fallacy

  • #12,021
  • Jan 5, 2010 7:55am Jan 5, 2010 7:55am
Quoting GEfx
Yes, I have an uneasy feel about things right now, because the market feels wrong to me, but I am protecting a few pips on this GBP trade and will see what develops. I do not feel in sync with things right now. Must not hear the music -- LOL. Not sure if this is a battle of balls or brains!
yes, much wierdness.
there seems no market, only mmakers shades.

Gets a whole world went position trading feeling. There's no market feel, only wasting time. Option writers sure having a ball collecting time decay premiums.

Soon there will be more and more "theoritical edge", schemes surfacing. Oanda's going to get much competition.


regards
  • #12,022
  • Jan 5, 2010 8:01am Jan 5, 2010 8:01am
Quoting fti
yes, much wierdness.
there seems no market, only mmakers shades.

Gets a whole world went position trading feeling. There's no market feel, only wasting time. Option writers sure having a ball collecting time decay premiums.


regards
Right, no market feel = loss of capital for many traders today, so it is best to trade with great care. I am square on the GBP/$ with -- wait for it -- 2 pips!
  • #12,023
  • Jan 5, 2010 8:13am Jan 5, 2010 8:13am
Euro & Yen finding their levels prior to Housing#'s out at the top of next hour, Cable seems to be the weak one, imho.

Trying to view objectively, but me thinking short coming up.... see what happens

regards
  • #12,024
  • Jan 5, 2010 8:18am Jan 5, 2010 8:18am
Quoting auxesis
Euro & Yen finding their levels prior to Housing#'s out at the top of next hour, Cable seems to be the weak one, imho.

Trying to view objectively, but me thinking short coming up.... see what happens

regards
Looks like the yen is getting an early start!
  • #12,025
  • Jan 5, 2010 8:20am Jan 5, 2010 8:20am
Quoting auxesis
Euro & Yen finding their levels prior to Housing#'s out at the top of next hour, Cable seems to be the weak one, imho.

Trying to view objectively, but me thinking short coming up.... see what happens

regards
mostly euro and the yen didn't have a market,except for that cornish try to snowball buy stops earlier.

cable's reacting to the not so nice figs they had earlier.
seems market's really empty.

regards
  • #12,026
  • Jan 5, 2010 8:22am Jan 5, 2010 8:22am
Quoting GEfx
Looks like the yen is getting an early start!
yeah looks like its sweeping.
  • #12,027
  • Jan 5, 2010 8:23am Jan 5, 2010 8:23am
Quoting GEfx
Looks like the yen is getting an early start!
Knife plunge perhaps,
  • #12,028
  • Jan 5, 2010 8:32am Jan 5, 2010 8:32am
about the figs trading in half an hour.
bargain, don't give edge and chase.
If its thin, you will alwasy be hitting extreme.
remember they are shading electronically.
if you work at nano seconds speed, like flash gordon,then maybe. otherwise be cool.
Better to wait to see the real sentiments and mode of reaction of the markets.
if she gaps away. she gaps.so there's no way fast gunning her.

if this is the market.just let them brokers starve la.
if they want to make a casino game of trading, then its their own funerals.
  • #12,029
  • Edited 8:48am Jan 5, 2010 8:33am | Edited 8:48am
back with original position e/u 4410,watching 08 area, lets see what she does.

1 rescue 4365-77 area, may have to flip, which I could use a how to demonstration or brief reminder discussion on topic.
  • #12,030
  • Jan 5, 2010 8:44am Jan 5, 2010 8:44am
OK, I shorted the E/Y at 132.17 and am protecting a few pips before the upcoming FA. May just square this in a few minutes, before it takes all my profits in one swift move. What a day, they are making us work today!

Edit: squared here. Better to take profit than risk it to the FA
  • #12,031
  • Jan 5, 2010 8:46am Jan 5, 2010 8:46am
Quoting auxesis
Knife plunge perhaps,
Yea, I waited for them to pull the knife out a bit before entering -- LOL.
  • #12,032
  • Jan 5, 2010 8:55am Jan 5, 2010 8:55am
positions into figs

collapse all levels into 1 and manage by gambling fig.

red or black the figs determines.

no battle, right ride, wrong cut.
  • #12,033
  • Jan 5, 2010 8:59am Jan 5, 2010 8:59am
Quoting fti
positions into figs

collapse all levels into 1 and manage by gambling fig.

red or black the figs determines.

no battle, right ride, wrong cut.
Go for it, good hunting
  • #12,034
  • Jan 5, 2010 9:01am Jan 5, 2010 9:01am
figs bad for usd

no more adding no more business for them.
Just ride.
  • #12,035
  • Jan 5, 2010 9:06am Jan 5, 2010 9:06am
with near term heading..to 1.4446 lvl
  • #12,036
  • Jan 5, 2010 9:08am Jan 5, 2010 9:08am
jesus christ

expected -2.3%

figs is -16% and this is the reaction

talk about manipulation
ok moving to trading on day charts

seems gonna be like trading stocks
  • #12,037
  • Jan 5, 2010 9:14am Jan 5, 2010 9:14am
Quoting fti
jesus christ

expected -2.3%

figs is -16% and this is the reaction

talk about manipulation
ok moving to trading on day charts
Yes, the government program to give away money to first time home buyers ran out of steam. Add to this, construction spending has fallen off the table, too. That part of the economy is in a depression. Ouch!
  • #12,038
  • Jan 5, 2010 9:15am Jan 5, 2010 9:15am
Quoting GEfx
Yes, the government program to give away money to first time home buyers ran out of steam. Add to this, construction spending has fallen off the table, too. That part of the economy is in a depression. Ouch!
Just that part?

Only sector seeing stability and growth is Federal Payroll
  • #12,039
  • Jan 5, 2010 9:15am Jan 5, 2010 9:15am
Quoting fti
jesus christ

expected -2.3%

figs is -16% and this is the reaction

talk about manipulation
ok moving to trading on day charts

seems gonna be like trading stocks
How far can this usd bull go? If this is wholereaction, now it can be the hyper long euro?
  • #12,040
  • Jan 5, 2010 9:17am Jan 5, 2010 9:17am
Quoting Fana
How far can this usd bull go? If this is wholereaction, now it can be the hyper long euro?
Who wants the euro?
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