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Technical Analysis Fallacy

  • #19,201
  • Sep 22, 2010 1:25am Sep 22, 2010 1:25am
Asian Inidces / Market sentiment:

Regional markets mixed;
Nikkei down 0.3%,
S&P/ASX 200 +0.3%,
HSI +0.8%,
STI +0.5%,
KLCI flat,
SET +1.0%,
NZX-50 flat,
Sensex off 0.3%.

China, Taiwan and South Korean markets shut for holidays.
  • #19,202
  • Sep 22, 2010 2:24am Sep 22, 2010 2:24am
Quoting MaMood
Fly me to the moon ....

http://www.youtube.com/watch?v=oXadYA18w-M

http://www.youtube.com/watch?v=LnT7C7VrLr4
  • #19,203
  • Sep 22, 2010 3:01am Sep 22, 2010 3:01am
Quoting Gro
Hi Gro,

trying to break the world record in dancing.
Dancing now since FOMC event without any major break.

Makes alot of fun, since the market is moving very nice.
Trying to trade USDJPY and EURUSD ...

But will finish my session, when vola is gone ...
  • #19,204
  • Edited 3:40am Sep 22, 2010 3:21am | Edited 3:40am
Quoting MaMood
Hi Gro,

trying to break the world record in dancing.
Dancing now since FOMC event without any major break.

Makes alot of fun, since the market is moving very nice.
Trying to trade USDJPY and EURUSD ...

But will finish my session, when vola is gone ...
Hi MaMood

You Can Be in the dance so long "until God or Account, not divide you and market"

Rgs
  • #19,205
  • Sep 22, 2010 3:40am Sep 22, 2010 3:40am
EU is moving like textbook PA
  • #19,206
  • Sep 22, 2010 3:44am Sep 22, 2010 3:44am
Quoting eraptheman
EU is moving like textbook PA
graph do so continuously ... only more textbooks are needed
  • #19,207
  • Sep 22, 2010 4:03am Sep 22, 2010 4:03am
Quoting Gro
Hi MaMood

You Can Be in the dance so long "until God or Account, not divide you and market"

Rgs
lol

Still waiting for the breakdown of USDJPY ....
Maybe we'll see it with this new attempt ...
  • #19,208
  • Sep 22, 2010 4:08am Sep 22, 2010 4:08am
And here we are !
  • #19,209
  • Sep 22, 2010 4:25am Sep 22, 2010 4:25am
Phew - that was one of my longest sessions, I ever traded.
But I'm so happy and satisfied ....

Inserted Video
  • #19,210
  • Sep 22, 2010 4:42am Sep 22, 2010 4:42am
Now,i start really understanding this Thread and forex !!!!

You are perfectly right about this Topic!

Technical analysis, fundamental ..... all those are funny world to "them"!!!

Whatever economy, they want up, then up, they want down, then down!

No matter how ridiculous ,they feel normal !!!!

Forex is really killing field, more accurate, slaughther house !!!
  • #19,211
  • Sep 22, 2010 5:26am Sep 22, 2010 5:26am
Quoting MaMood
Phew - that was one of my longest sessions, I ever traded.
But I'm so happy and satisfied ....

http://www.youtube.com/watch?v=6E2hYDIFDIU
Congratulation for long dance
  • #19,212
  • Sep 22, 2010 6:43am Sep 22, 2010 6:43am
Quoting MaMood
Phew - that was one of my longest sessions, I ever traded.
But I'm so happy and satisfied ....

http://www.youtube.com/watch?v=6E2hYDIFDIU
Have a nice sleep.
  • #19,213
  • Sep 22, 2010 7:24am Sep 22, 2010 7:24am
Anyone know what the FTI?I hope everything is alright.
  • #19,214
  • Sep 22, 2010 7:45am Sep 22, 2010 7:45am
Quoting MaMood
Cool - so you seem to have a good feeling for the market!
At the moment I'm USDJPY short and EURUSD long ...
Just observations probably got lucky

Trying to focus mostly on momentum- the driving force of impulses.

Attached Image (click to enlarge)
Click to Enlarge Name: Buyers incoming!.jpg Size: 69 KB


Yes there are lines on the chart... I'll get over it haha they dont distract me.
  • #19,215
  • Edited 9:42am Sep 22, 2010 8:30am | Edited 9:42am
Quoting Deusomega
Just observations probably got lucky

Trying to focus mostly on momentum- the driving force of impulses.

Attachment

Yes there are lines on the chart... I'll get over it haha they dont distract me.

Yeah - that's all we have to do, when dancing.
Could it be that easy?

  • #19,216
  • Sep 22, 2010 9:37am Sep 22, 2010 9:37am
Just for info:


1422 GMT [Dow Jones] USD/JPY below what many analysts consider to be Japan's Y85 line in the sand, but no sign of Japan in currency markets to stem yen strength. With President Obama scheduled to meet Japan's Prime Minister Kan on Thu, "we think the risk of Japan intervention is virtually zero regardless of the level or pace of USD/JPY decline," says David Gilmore of FX Analytics. "Anything less would surely be a finger in the eye of the president," he says. USD/JPY at 84.48 from 85.12 late Tue, trading at its lowest levels since last week's massive Y2 trillion intervention.

([email protected])

Disclaimer: Beaware of possible Cow Dung included ;-)
  • #19,217
  • Sep 23, 2010 1:42am Sep 23, 2010 1:42am
Hi MaMood,

Rested for today's dance?
Congratulations on yesterday's success!
I look at the three kingdoms, and preparing to dance ...
I see an interesting positioning of the London session
  • #19,218
  • Sep 23, 2010 1:50am Sep 23, 2010 1:50am
hmm ... e / u and u / j. ..
that lady dance?

g /u between ...

OK
  • #19,219
  • Sep 23, 2010 2:07am Sep 23, 2010 2:07am
Quoting gart
Hi MaMood,

Rested for today's dance?
Congratulations on yesterday's success!
I look at the three kingdoms, and preparing to dance ...
I see an interesting positioning of the London session

Hi Gart,

Thanx!
yeah - energies reloaded.

I'm a little late this morning, so i have to do my chartwork right now ....
  • #19,220
  • Sep 23, 2010 2:07am Sep 23, 2010 2:07am
Quoting Zoran
You are correct gart. We keep telling people to read the first 200 pages and I think they expect some magic to occur after that. Even though the core information is contained within those pages most will not get it until they put it into practice, be patient, ask questions and do pretty much as you have described above.
Zoran thanks for your words of encouragement and inspiration!
Rgs
gart
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