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Technical Analysis Fallacy

  • #16,881
  • Jun 22, 2010 7:44am Jun 22, 2010 7:44am
market makers using cable crosses to support euro
once cable gives, then splash.
they think they have much tricks in their bag.
  • #16,882
  • Jun 22, 2010 7:47am Jun 22, 2010 7:47am
Are we there yet?

http://www.popartuk.com/g/l/lgfp1374...k-2-poster.jpg

Or is it Far Far Away?
  • #16,883
  • Jun 22, 2010 7:48am Jun 22, 2010 7:48am
Quoting fti
market makers using cable crosses to support euro
once cable gives, then splash.
they think they have much tricks in their bag.
I have even more on my belt.

Chief,

Can you elborate this a little...are they keeping cable up or other crosses down ....


V
  • #16,884
  • Jun 22, 2010 7:58am Jun 22, 2010 7:58am
Quoting fti
nothing, you are human, and all had sinned.
all you can do is understand why, it is the way it is.

That which god not solved, man cannot.
but only to understand. With understanding, then wisdom.

Now , can you understand why it is important to have god?
That which he gave us , he can take away.
Give thanks we not immortal.

Do not question why.
Only be humble, accept and give thanks, that we not receive that which we deserve yet.

Rejoice and be thankful of that has been given you. Pray with thanks that you are not on the receiving end, everyday...
Although I do not get the specific (sin and redemption) I think I understand and agree with the abstract. I have also re-read post 3988 where you explained the significance of God and religion for you and for trading.

"Rejoice and be thankful of that has been given you" yes! And I am extra thankful your life perspective has made who you are, to the benefit of us here.

Rgs
Baifu
  • #16,885
  • Edited 8:59am Jun 22, 2010 7:58am | Edited 8:59am
Quoting indianguyinny24
Chief,

Can you elborate this a little...are they keeping cable up or other crosses down ....


V
large players have vested interest in this rally
as seen from 8 june
they need time to unload and distribute.
if the market splashes they are screwed.
If they can use other supported markets to(lean) cross off the pressure, they buy time.
now pressure is coming from daily reversal and sell pressure is building.
if they manage support for the longest time that sell pressur discipates.
Thats why the market is behaving wierd.

As can be seen in hourly charts, the cable is firm and supported by goo fundementals.
So that strength is being used to defray the selling pressure from euros
If euro was to drop she need hit stiop below the supported zones, and if those stops snowballs.
then ...............intestines.
  • #16,886
  • Jun 22, 2010 8:06am Jun 22, 2010 8:06am
Quoting pete.alfa
Baifu,

I've tried few times to be a vegetarian but I couldn't, the last time was about 3-4 months I was so thin cos no appetite, so I had to stop.
Understanding big fishes eat small fishes but inhumane animal slaughter

So sad
Me neither, I can cut down on meat but I am too greedy to forego some favorite dishes.

As to human slaughter and strife, I don't know, if we do not impose our ways and values on others it might be one small step forward.

Rgs,
Baifu
  • #16,887
  • Jun 22, 2010 8:09am Jun 22, 2010 8:09am
Quoting fti
large players have vested interest in this rally
as seen from 8 june
they need time to unload and distribute.
if the market splashes they are screwed.
If they can use other supported markets to cross off the pressure, they buy time.
now pressure is coming from daily reversal and sell pressure is building.
if they manage support for the longest time that sell pressur discipates.
Thats why the market is behaving wierd.

As can be seen in hourly charts, the cable is firm and supported...

Ty CHief

i still i am naive in some sense to understand what u write some time so i ask...

V
  • #16,888
  • Jun 22, 2010 8:12am Jun 22, 2010 8:12am
Quoting fti
large players have vested interest in this rally
as seen from 8 june
they need time to unload and distribute.
if the market splashes they are screwed.
If they can use other supported markets to cross off the pressure, they buy time.
now pressure is coming from daily reversal and sell pressure is building.
if they manage support for the longest time that sell pressur discipates.
Thats why the market is behaving wierd.

As can be seen in hourly charts, the cable is firm and supported...
aaah classic boss, im finally beginning to understand how you apply dow theory here. fantastic.
so at this point of time, its either support and continuation or break and fall...cable holds the golden key
  • #16,889
  • Jun 22, 2010 8:14am Jun 22, 2010 8:14am
squared

i think they may sneek the market splash, when all eyes are off.
now they are big and intend to frustrate.

use of stops with zero slippage may be the answer now.
chose critical levels and do not fall inlove with positions.
i am going to rest now.
  • #16,890
  • Jun 22, 2010 8:15am Jun 22, 2010 8:15am
Quoting fti
large players have vested interest in this rally
as seen from 8 june
they need time to unload and distribute.
if the market splashes they are screwed.
If they can use other supported markets to cross off the pressure, they buy time.
now pressure is coming from daily reversal and sell pressure is building.
if they manage support for the longest time that sell pressur discipates.
Thats why the market is behaving wierd.

As can be seen in hourly charts, the cable is firm and supported by goo fundementals.
So that strength is being used to defray the...
Below 1.2240-50 EUR/USD should be full of stops of people trying to follow the nice uptrend of the last few weeks. It looks like a nice target for the Market Makers even if after that the rally continues up.
  • #16,891
  • Jun 22, 2010 8:18am Jun 22, 2010 8:18am
Quoting MyTbo
Below 1.2240-50 EUR/USD should be full of stops of people trying to follow the nice uptrend of the last few weeks. It looks like a nice target for the Market Makers even if after that the rally continues up.
never believe the first price.
  • #16,892
  • Edited 9:49am Jun 22, 2010 8:30am | Edited 9:49am
Quoting Baifu
Me neither, I can cut down on meat but I am too greedy to forego some favorite dishes.

As to human slaughter and strife, I don't know, if we do not impose our ways and values on others it might be one small step forward.

Rgs,
Baifu
its not what goes into the mouth that makes us unclean.
Its what comes out (from mind)......Jesus

arrogance vs love
the right to live vs living right.

Arrogance, The Right to Live ( discretion advised, Obscene)
http://www.facebook.com/#!/video/vid...5185271&ref=mf

Living Right, Love & Empathy
Inserted Video


Agreements
Inserted Video
  • #16,893
  • Jun 22, 2010 8:32am Jun 22, 2010 8:32am
Quoting fti
its not what goes into the mouth that makes us unclean.
Its what comes out......Jesus

arrogance vs love

videos coming up when hosted.
As i always say you are not only teaching trading here....


V
  • #16,894
  • Jun 22, 2010 8:32am Jun 22, 2010 8:32am
Quoting fti
never believe the first price.
Thanks for that advice,fti. I find it very practical and actually that helps me to pick bottoms and tops. I'm wrong sometimes but as long as size is manageable it's not a problem to be wrong. By the way, fti, is what you said a dealers saying
  • #16,895
  • Edited 9:10am Jun 22, 2010 8:43am | Edited 9:10am
Quoting MyTbo
Thanks for that advice,fti. I find it very practical and actually that helps me to pick bottoms and tops. I'm wrong sometimes but as long as size is manageable it's not a problem to be wrong. By the way, fti, is what you said a dealers saying
its dealers, code for survival, not saying.

dealers motto code of behaviour "my word is my bond"
but please not hold my price too long.

brokers? "service"
err i not want to elaborate on service , as is well known on the internet already. Only that, When someone services you, be cautious.
  • #16,896
  • Edited 9:54am Jun 22, 2010 9:38am | Edited 9:54am
topping.

Got you. I am on your tail.
Time to splash, your donkey is mine.
  • #16,897
  • Jun 22, 2010 9:41am Jun 22, 2010 9:41am
Going slightly up, but ATR on5min go down.... I dont want to mix here indi, but think, this is interesting...
  • #16,898
  • Jun 22, 2010 10:19am Jun 22, 2010 10:19am
this one's interesting.
lets see what you got?

already L6 short euro
  • #16,899
  • Jun 22, 2010 10:33am Jun 22, 2010 10:33am
ok,ok, let me try break your neck.

high skews
  • #16,900
  • Jun 22, 2010 10:42am Jun 22, 2010 10:42am
Quoting fti
ok,ok, let me try break your neck.

high skews
chief,

plz put ur blotter after u r finished...


V
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