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Technical Analysis Fallacy

  • #12,701
  • Jan 14, 2010 5:06am Jan 14, 2010 5:06am
Quoting luSan
Good morning. Fantastic...
I remember the anger of my wife a couple years ago when I overexposed myself and I had a big loss...she was so angry
Yes. I never forget when i was trading from my car, parked near the cafe, where was wifi... I lost my nerves and nearly 50% of capitall. I came back home and ..... Dragon in her....
  • #12,702
  • Jan 14, 2010 6:06am Jan 14, 2010 6:06am
Good day everyone,

Lot's o' news coming out next 45/90 minutes, euro's hanging at a strong support area... springboard or cliff ?

Should be a good day, Trade well.

regards
  • #12,703
  • Edited 6:45am Jan 14, 2010 6:35am | Edited 6:45am
Quoting auxesis
Good day everyone,

Lot's o' news coming out next 45/90 minutes, euro's hanging at a strong support area... springboard or cliff ?

Should be a good day, Trade well.

regards
only important news is us retail sales


the other stuff just distractions
we experiencing systematic sell off like 3 days back, before the figs
if retail fig bad. usd goes. it will be 5th bad

please know I had retreated to hourlys
  • #12,704
  • Jan 14, 2010 6:48am Jan 14, 2010 6:48am
Quoting fti
only important news is us retail sales


the other stuff just distractions
we experiencing systematic sell off like 3 days back, before the figs
if retail fig bad. usd goes. it will be 5th bad

please know I had retreated to hourlys
Thanks, Yes I figured you were looking at a larger picture, I'm late to the party, gotta start getting up earlier and catch some of the London.

Lets see what happens down here 4550/75 area.

Regards

Yen has been strong last few hours?
  • #12,705
  • Jan 14, 2010 7:26am Jan 14, 2010 7:26am
Quoting auxesis
Thanks, Yes I figured you were looking at a larger picture, I'm late to the party, gotta start getting up earlier and catch some of the London.

Lets see what happens down here 4550/75 area.

Regards

Yen has been strong last few hours?
Those short squaring out it seems, Showtime everyone.
  • #12,706
  • Jan 14, 2010 7:30am Jan 14, 2010 7:30am
no attack, recovery process
  • #12,707
  • Jan 14, 2010 7:41am Jan 14, 2010 7:41am
bot L4 cable 16295
  • #12,708
  • Jan 14, 2010 7:44am Jan 14, 2010 7:44am
squared euro cut all 14508


position recap long L4 cable
  • #12,709
  • Jan 14, 2010 7:46am Jan 14, 2010 7:46am
I wonder what factor should change before the CBs start raising rate ...
they cant hold this level forever ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #12,710
  • Edited 8:09am Jan 14, 2010 7:49am | Edited 8:09am
Quoting maheswara
I wonder what factor should change before the CBs start raising rate ...
they cant hold this level forever ...
why not?
they are only able hold inflation down by low rates.
once rates up, the competition for liquidity begins.
this happens and you have credit crunch again.

the day you hear CBs draining M2 and M3
is day you start looking for rate higher rates.

regards
  • #12,711
  • Jan 14, 2010 7:57am Jan 14, 2010 7:57am
cable squared
16321


all squared
  • #12,712
  • Jan 14, 2010 7:57am Jan 14, 2010 7:57am
Quoting maheswara
I wonder what factor should change before the CBs start raising rate ...
they cant hold this level forever ...
When the US can not refinance their debt, because offshore interests no do not see the reward is worth the risk, they will start the process. Others do not want to be the 1st to raise as this will drive the Dollar cheaper, exactly what they do not want.

imho,
  • #12,713
  • Jan 14, 2010 8:00am Jan 14, 2010 8:00am
Been buying the 4495/4500 area but she sure doesn't seem like she wants to bust the top???
  • #12,714
  • Edited 8:13am Jan 14, 2010 8:00am | Edited 8:13am
one question

usd is run by fed is fiat money
who runs euro?
which country is resposible for its managing?
seems same.
only sovereign currency major left, seems the cable.

Think about this the next time you invest.
Note that Structural weakness is detrimental to long term investments.

regards
  • #12,715
  • Jan 14, 2010 8:18am Jan 14, 2010 8:18am
Yesterday, I converted my trading account from EUR account into GBP account, --- just for welcoming the New World Order
  • #12,716
  • Jan 14, 2010 8:22am Jan 14, 2010 8:22am
Euro sweeps the pre-news low after breaking north, war setting up, gonna get interesting here real quick.
  • #12,717
  • Jan 14, 2010 8:26am Jan 14, 2010 8:26am
Quoting imjscn
Yesterday, I converted my trading account from EUR account into GBP account, --- just for welcoming the New World Order
, very sharp

Note also that heavy M1 flows into cable will experdite the ability of the iron lady to slow down the pump for growth funds and begin the draining process,if that happens, then the best candidate for rates rise and hawkish monetary policies. Orderly reflating is optimum efficiency.

regards
  • #12,718
  • Jan 14, 2010 8:43am Jan 14, 2010 8:43am
took a quick peep into the euro/cable charts.
yeap seem euro cable about to jump off a cliff.
3 kings will tear.
  • #12,719
  • Jan 14, 2010 8:46am Jan 14, 2010 8:46am
The secret with technical analysis is not found in the charts, it is found in the trader. The ultimate decisive factor which separates success from failure in trading the financial markets can be summed up in 1 word: practice. To succeed in this business you must have a plan, stick with the plan, and practice more than the individual who takes the other side of your trade.


Now before people begin thinking that they can overlay 150 moving averages on their chart and 35 oscillators, I would encourage you to go to any trading group, hedge fund, or market maker’s website. Look what’s on their screen; look at what they are using. They are use price action and studying order flow. They understand that the market moves based on the underlying supply and demand for a security and they realize that by studying price action and the order flow, they are able to gauge price movements.


The average retail trader thinks that price is defined by oscillators and retracements when in fact it is defined by groups of regimented professionals who truly understand what happens in the market.
  • #12,720
  • Jan 14, 2010 8:47am Jan 14, 2010 8:47am
@FTI sir and aux,
very enlightening ...
To Live is the rarest thing in the world , Most people exist , that is all
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