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Technical Analysis Fallacy

  • #12,521
  • Jan 8, 2010 7:04am Jan 8, 2010 7:04am
Quoting GEfx
OK, thanks and I will use that terminology. 30 mins before the big FA. It will be interesting if the manipulation will continue or will market push it aside with force. I am square and waiting.
, ok
  • #12,522
  • Jan 8, 2010 7:07am Jan 8, 2010 7:07am
Great day everyone,

$ buying into the figs again?
  • #12,523
  • Edited 7:22am Jan 8, 2010 7:11am | Edited 7:22am
Quoting imjscn
Just read a news:

January 7th. According to global custodians" flow reports, real money faded yesterday"s Euro rally in size, no seriously, SIZE. Whilst inter-bank players were scrambling to pull back their shorts after the sovereign dip buyers had left them high and dry, real money accounts provided liquidity all the way up, into and including Asian and European sessions. So whilst the spec boys were driving...
By the way, I presume no one read this report ,imjscn posted.

In there vital clues of the markets undercurrent.
I marked the critical in red for your peruse.

That report gave a deep view into the undercurrents , which was in the market place then. Still playing it now.Can you tell news from propaganda now?
  • #12,524
  • Jan 8, 2010 7:24am Jan 8, 2010 7:24am
battlestation mode : on
good trading to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #12,525
  • Jan 8, 2010 7:44am Jan 8, 2010 7:44am
Quoting Fana
bot scout L1 1,4306, squared +5

bot L1 1,4322 squared +10,1
bot L2 1,4322 squared +4,4

bot L1 1,4326 -26
bot L2 1,4329 +25
bot L3 1,4329 squared +6,6

bot L3,4, 1,4274 squared +65

Gosh..... today i am in green pips, hope as we all

When it is not logical, it could be illogical... or of course...more logical:-)
That was really fast...
  • #12,526
  • Jan 8, 2010 7:56am Jan 8, 2010 7:56am
Hand shake for all USD bears
  • #12,527
  • Jan 8, 2010 8:10am Jan 8, 2010 8:10am
anyone else has yen gapping in 5m ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #12,528
  • Jan 8, 2010 8:13am Jan 8, 2010 8:13am
yes ~40 points gap
  • #12,529
  • Jan 8, 2010 8:13am Jan 8, 2010 8:13am
Quoting maheswara
anyone else has yen gapping in 5m ?
yep
  • #12,530
  • Jan 8, 2010 8:16am Jan 8, 2010 8:16am
Quoting maheswara
anyone else has yen gapping in 5m ?
yes, in InterbankFX.
  • #12,531
  • Jan 8, 2010 8:19am Jan 8, 2010 8:19am
Mine is ok.
Attached Image
  • #12,532
  • Jan 8, 2010 8:24am Jan 8, 2010 8:24am
thanks ,
good chance of gappin recovery then , carefull
To Live is the rarest thing in the world , Most people exist , that is all
  • #12,533
  • Jan 8, 2010 8:25am Jan 8, 2010 8:25am
i dont have one in Oanda
  • #12,534
  • Jan 8, 2010 8:51am Jan 8, 2010 8:51am
OK, I will trade the next move we see now, but not sure which way this thing will go. That is, if there is a move.

NFP was like a punch in the stomach to some of the cheerleaders on CNBC here in the US. Kind of funny watching them make up excuses for the administration, and looking for a silver lining. Too bad they do not just focus on a solution. There was a Dem. US congresswoman from NY who was interviewed, and she had only one solution: they are sending a survey to Fortune 500 companies and several smaller companies looking for ideas on what to do next. Oh my, we're doomed!
  • #12,535
  • Jan 8, 2010 9:04am Jan 8, 2010 9:04am
@mh,
oanda doesnt gap in short chart , they stretch the bar into the current price , except on weekend where they start frest ,
my gap was on mt4 , wise to keep one open ...

edit:
gap covered on all , that was quick ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #12,536
  • Jan 8, 2010 9:08am Jan 8, 2010 9:08am
Quoting maheswara
@mh,
oanda doesnt gap in short chart , they stretch the bar into the current price , except on weekend where they start frest ,
my gap was on mt4 , wise to keep one open ...
Yeah on my mt4 platform there are gaps
  • #12,537
  • Jan 8, 2010 9:40am Jan 8, 2010 9:40am
This deep pullback makes me wonder about any continuation today.
  • #12,538
  • Jan 8, 2010 10:02am Jan 8, 2010 10:02am
Quoting auxesis
This deep pullback makes me wonder about any continuation today.
I agree with that. I'm done for the day/week. The picture is clearer for next week and we should see things move a bit more next week, especially since earnings season starts next week. Be careful everyone.
  • #12,539
  • Jan 8, 2010 10:36am Jan 8, 2010 10:36am
Quoting Arthur
The more i look at charts & PA between major's, basically Forex is a pump from your pocket & dump on your head business, off course in fashion of fundamental boundaries. I'm i wrong?
that is why we love it so much
  • #12,540
  • Jan 8, 2010 11:14am Jan 8, 2010 11:14am
indeed
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