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Technical Analysis Fallacy

  • #20,121
  • Nov 4, 2010 10:04am Nov 4, 2010 10:04am
Let's see if the rising DOW will give Cable a kick above the hurdle ....
  • #20,122
  • Nov 4, 2010 10:09am Nov 4, 2010 10:09am
Quoting MaMood

Cool mate!

Have my EU and Cable scout still in.
Thanx for that OB remark for Cable - have such type of "market sentiment" not on my radar yet. Will think about it ...
Actually you do have it It is a combination of factors, however I become suspicious to anything that goes beyond the second daily pivotal resistance/support. That's one of my main signals that market might be getting too overextended and a correction should not be far away. As almost anything else, of course, that should not be considered as rule of thumb.

Rgrds
S
  • #20,123
  • Nov 4, 2010 10:17am Nov 4, 2010 10:17am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html...
Dear fti,
Thank you for dropping by, I hope all will be well soon.

Rgs,
Baifu
  • #20,124
  • Nov 4, 2010 10:35am Nov 4, 2010 10:35am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html

A...
Dear Fti. I pray for you and for your family. God bless you.
  • #20,125
  • Nov 4, 2010 10:53am Nov 4, 2010 10:53am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html

A...
fti

So nice to read a post from you again, but saddened to hear that you are in the midst of a storm. You and K are in my thoughts and prayers.

A wise man adapts himself to circumstances as water shapes itself to the vessel that contains it.
Chinese Proverb


kind regards
Hope isn't a viable investment vehicle.
  • #20,126
  • Nov 4, 2010 11:03am Nov 4, 2010 11:03am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html

A...

Dear FTI

I wish you all the best. May strength be with you and your dear family to get pass this storm.

Regards

http://www.youtube.com/watch?v=e8KlAmtIu1E

*BLUE BLOOD*
Not sure if this is appropriate and if it would help or not. My grandad's village near the seaside used to drink their blue blood when they get ill. The cure comes after a few hours of consumption.
Life is a school for the soul
  • #20,127
  • Edited 12:12pm Nov 4, 2010 11:19am | Edited 12:12pm
Greetings fti and TAF dancers,

Had been reading your wonderful thread for over 7 months now and have been successfully dancing live for the past 3 with the Sun Zi Bing Fa MO.

Long ago I decided not to post again on FF (hence the stealth) but given fti's plea to pray for him and his family situation, here I am.

fti, with my gratitude for your wonderful public domain offerings, I wish you and your family, strength and positive winds to navigate you through the storm.

All the best to everyone...

regards
  • #20,128
  • Nov 4, 2010 11:36am Nov 4, 2010 11:36am
Last hectic move on cable was in sync with the Irish news release ....

Irish debt rise to 98.5% of GDP at end of 2010 !!!

..
Attached Image
  • #20,129
  • Nov 4, 2010 11:53am Nov 4, 2010 11:53am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html...

Dear ,FTI

I hope that your problems end soon and I wish health and happiness to you and your family.

Regards, MyTbo
  • #20,130
  • Nov 4, 2010 12:31pm Nov 4, 2010 12:31pm
Dear Fti,
Good to hear from you again. All the best, prayers and best wishes for your family. Ray
  • #20,131
  • Nov 4, 2010 1:37pm Nov 4, 2010 1:37pm

"2.01.03
Possessing the capacity to seamlessly unite the commander and his troops with one heart and one mind."
  • #20,132
  • Nov 4, 2010 5:12pm Nov 4, 2010 5:12pm
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.


regards

PS: Please pray for my family's peace & safety as we navigate thru our storm.
God Bless.

You and your family are all in our prayers Freddie. God Bless!

regards.
Success consists of going from failure to failure without loss of enthusiam
  • #20,133
  • Nov 4, 2010 6:43pm Nov 4, 2010 6:43pm
fti:

Wish you and your family well.
  • #20,134
  • Nov 5, 2010 2:57am Nov 5, 2010 2:57am
fti,
when the tough get going i always hear John Vance Cheney whispering..the soul would have no rainbow had the eyes no tears..
Kevin
  • #20,135
  • Nov 5, 2010 3:50am Nov 5, 2010 3:50am
Good Morning Friends!

Sorry for being quiet this morning and yesterday afternoon session - dancing with cable for all the time. She is holding my hands strongly.
Till the 3rd test of 1.63 level last night (Asian session) I went short.
Just right now I try to rearrange my troops to be preppared for the GBP news in about 40 minutes.

Wish you all the best!
And thanx agian to Stan for his Cabel overbought remark yesterday.
Was using that type of market sentiment, while I was trading stocks many years ago, but have not spend any time on it, since I'm trading FX .....

Cu,
MaMood
  • #20,136
  • Nov 5, 2010 3:51am Nov 5, 2010 3:51am
Wild market this morning, still managed to profit from it (actually a good one) on a demo. Anyway, one has to be extra nimble. In such market conditions it's hard to determine a direction.
  • #20,137
  • Nov 5, 2010 3:53am Nov 5, 2010 3:53am
@ MaMood: Look three kgds are all going in one strong direction now, south. So the USD is a schizophrenic right now?
  • #20,138
  • Nov 5, 2010 4:00am Nov 5, 2010 4:00am
Quoting Mr.Bear
@ MaMood: Look three kgds are all going in one strong direction now, south. So the USD is a schizophrenic right now?
Hi Bear,

yeah - 3 kgds do not deliver any clue about direction right now. At least I'm not able to read them. After rate decision from BOJand no furtvher expansion of their QE programs, market seems to be not sure, which of the 4 currencies may be the most intersting right now ....

At the moment I'm scalping the small cange aroung 1.62 level on Cable.
But I guess it will not be valid too long from now (30 minutes till the GBP news only ....)
  • #20,139
  • Nov 5, 2010 4:41am Nov 5, 2010 4:41am
Hi again,

watching cable M1/M5/M15 I#m ready to switch my bias to long now.
Waiting for a break of 1.6235 area now ....

Edit: Crazy market yet - My bias for Eu is still short ...
  • #20,140
  • Nov 5, 2010 5:39am Nov 5, 2010 5:39am
Hi,

squarred out for lunch now.

That was a exhausting fight.
Finally I did not change to long bias for cable, because short before I was ready to do so, price was going down again. So PA saved me before I got in trouble - thanx Iron Lady!
Was always watching my very short charts to get any idea wich direction is going to win. Now I have to do a relaxing program for my eyes (peeling onions for example for a fine pesto for the pasta ...)

CU later in NY session again ....
MaMood
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