Technical Analysis Fallacy

I can't really comment because looking at the chart it looks too easy.

Theoretically I would attempt a scout entry at the support area and flip in case it breaks. If I had a bigger position in then I would cut it once I realise there is no support. Probably take a break afterwards.

With that said, I don't trade G/U.

Maybe it's just me, but market feels very much like last week - London's gonna be a dull place again. I hope it's just the Monday effect. With the 1.3800 level that close this might be another ranging week.

no idea. I can't feel the market pulse today. Looks like a dayoff for me.

make sure you watch eur/chf. if it hits below 1.4650 again, buckle up for possible intervention by SNB.

aiya , m buying when i wanna sell n sell when i wanna buy also adding when i wanna reduce ... ugh

something I ate over the weekend ?
anyway good trade all , good nite

e/u @ 1.3934 now, let's see if it wants to reverse back down during NY.. no trades for me today.

watching the apple iPad keynote, lol

Another rubbish London session.
I hope the risk aversion period is over soon or I will be calling it a week.

yup was watchin 3934 too , guess u noticed it too

ipad ? u mean this one ?
http://i.imgur.com/oRffH.jpg

let's see if the news will push it one way or the other.

I love the picture. I wonder if I could trade from that thingy.

Enjoy :-)



Nice to listen to after trading is done :-D

one more:

And last one:



little history :
The origins of Nightnoise can be traced to the legendary Bothy Band (disbanded in 1979), who made a name in Ireland and internationally with a lively fiddle-based sound that brought Irish music into the mainstream. One of the band's founders, guitarist Mícheál Ó Domhnaill, came from a long line of Irish musicians, and was considered one of the finest performers of traditional Irish music.[1]
In 1983, after seven years with the Bothy Band and several years collaborating with the master fiddler, Kevin Burke, Ó Domhnaill began searching for a new project and a new sound. He met Billy Oskay in Portland, Oregon and the two began a new collaboration focused on a new and innovative music that integrated Celtic, jazz, and classical chamber music.[2]
Billy Oskay was born in Kingston, New York, and had developed an international reputation as a violinist. He started playing violin at seven and went on to study under Eugen Prokop at the International Academy of Music Palma de Mallorca in Spain. He excelled equally in violin technique and composition. He graduated from the esteemed academy with a degree in violin and chamber music.[3]
Nightnoise began as a collaboration between this American violinist and Irish guitarist who sought to create a unique blend of musical forms. Together, they composed and recorded some songs in Oskay's Portland home and were pleased with the result — a unique understated sound that had a "rough but fresh quality that engendered a serene atmosphere."[3] Ó Domhnaill secured a contract with William Ackerman at Windham Hill Records, the tracks they recorded were mixed and released in 1984 under the title Nightnoise. The album represented a real departure from Ó Domhnaill's Bothy Band roots, and the mellow, ambient instrumental style incorporating jazz and classical elements and forms full of spirituality almost defined what would be called New Age music.[4]

No feeling here today also. I'm thinking there maybe some good action in jpy and crosses this week, but I'm not sure.
Tomorrow is a new day..
SNB might look to sit on 1.4500, 1.5000 failed completely..

my 2c.

Regards,

was it AUD USD..... rate change...


V

Yes, they left it unchanged, I think everyone had 4% priced in. Aud/Usd dropped 100 pips in 5 minutes, tears across the boards

here: http://www.rba.gov.au/media-releases/2010/mr-10-02.html

cool...got that news....

I have question what fellow students use for news... i mis Mamood for that and was always curious what they use for news..... i use Oanda news but way too slow....any sugggestions..



V

Hi

I think E/U is up now, 1st target 3980? London session now, any opinion?

15mins after london opened EU,GU,UJ,EJ & GJ ALL DOWN ABOUT 30 PIPS

Cheers,

I am a little bit short eur. Couldn't sit on my hands.

But the market does not look comfortable to be neither long nor short. Just nimble, lol.

we are little deep at the bottom yet no presence of big buyers ,
guess trend is still down ...

I will add my contribution to the music list here

Dow Jones: Brazil`s Central Bank Buys Dollars At BRL1.844

LOL, this action moved the market by one pip.