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Technical Analysis Fallacy

  • #21,261
  • Jan 5, 2011 6:38am Jan 5, 2011 6:38am
Quoting fti
humm, interesting.
oil markets responded?


regards
Hmmh - not that much so far.
But tendency is down since yesterday ...

The down move yesterday started with NY session start and was in sync with decline of Gold and other commodities ...

.
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  • #21,262
  • Jan 5, 2011 6:42am Jan 5, 2011 6:42am
Quoting MaMood
Loved kitaro very much during my Highschool time (cause the girls became very romantic while listening to this kind of mucic) ...
, and sometimes they think i am brad Pit
So i had to "repair"... I am not, i am better...
  • #21,263
  • Jan 5, 2011 6:45am Jan 5, 2011 6:45am
Quoting Fana
, and sometimes they think i a brad Pit
So i had to "repair"... I am not, i am better...
  • #21,264
  • Edited 7:09am Jan 5, 2011 6:46am | Edited 7:09am
Quoting MaMood
Hmmh - not that much so far.
But tendency is down since yesterday ...

The down move yesterday started with NY session start and was in sync with decline of Gold and other commodities ...

.
limited reaction so far, europe seems on debt restructuring.
focus seems on long tenures.

so far markets seems still disinterested
watch for signs still.
slow 2011 start
mostly sweeps.

Had seen buyers supporting, but nevertheless markets still in hangover mode.

regards
markets bouncing around 100 pips sweep volatility. Nothing spectacular.

Cable seems firm, and the euro is well underpinned, although haave sporadic dives.
best try feel pulse.
I developing currencies support bias.
like i said best not to
best follow the flow.
And indeed i am very rusty. very slow to trigger.
  • #21,265
  • Jan 5, 2011 7:05am Jan 5, 2011 7:05am
Quoting fti
limited reaction so far, europe seems on debt restructuring.
focus seems on long tenures.

so far markets seems still disinterested
watch for signs still.
slow 2011 start
mostly sweeps.

Had seen buyers supporting, but nevertheless markets still in hangover mode.

regards
markets bouncing around 100 pips sweep volatility. Nothing spectacular.

Yeah - sadly true.
I assume that in the second half of Jan the player are back in the amrkets again and we see good liquidity and vola.

Going very slow gearing atm.
Good exercise to train and expand my patience level.

On the other hand moves like the 40 pips down we have seen just right now, are very easy to read. Market gives us some opportunities to get back in shape save and slowly. Unfortunately I prefer a little more action ...

ADP data in 9 minutes...
  • #21,266
  • Edited 7:17am Jan 5, 2011 7:07am | Edited 7:17am
Quoting Gro
from west Siberia to China in north (city Ta-ching), estimated 300,000 barrels per day.
(Oil production in Russia has overtaken Saudi Arabia in 2009, energy consumption in China has surpassed the U.S. last year.)
This act is called "Signal for Europe" = reduce its dependence on the European market(Kreml) - from 9 million tons to 15 million tonnes per year.
out of place - "Iran has invited the European Union and China to explore nuclear.The letter, which contains too much detail, was in one of the diplomats sent to Russia, China, Egypt, a group of non-aligned countries in the framework of the International Atomic Energy Agency (IAEA), Cuba, members of the League of Arab States and Hungary, which holds the EU Presidency. The United States said he was not invited."

PS Oil flowing through the pipeline starting in Irkutsk on Lake Baikal travels on the road to China 2400 km. It is actually the first part of the pipeline, which will lead to the Pacific Ocean and will measure 4700 km. Should be finalized by 2014.
Both countries have also started negotiations on Russian gas, the agreement is expected this summer. According to Russian press, Gazprom has not yet apparently with Chinese partners have agreed on a price.
  • #21,267
  • Jan 5, 2011 7:11am Jan 5, 2011 7:11am
Quoting Gro
out of place - "Iran has invited the European Union and China to explore nuclear.The letter, which contains too much detail, was in one of the diplomats sent to Russia, China, Egypt, a group of non-aligned countries in the framework of the International Atomic Energy Agency (IAEA), Cuba, members of the League of Arab States and Hungary, which holds the EU Presidency. The United States said he was not invited."
Gro, politics is very hard to read.
best read market flow.
the less bias, will be more nimble.

regards

Like me earlier
i developed a bottoming bias.
although managed capture some pips on the upside. Mostly missed the down slides. so far today
the money was in the slides.
  • #21,268
  • Jan 5, 2011 7:19am Jan 5, 2011 7:19am
and us figs seems improving.
only bnot seen any impulses.
Mostly gapping moves.
  • #21,269
  • Jan 5, 2011 7:19am Jan 5, 2011 7:19am
Hey - some action
  • #21,270
  • Jan 5, 2011 7:20am Jan 5, 2011 7:20am
Mamood, so far you are most nimble.
making a bomb today?
  • #21,271
  • Jan 5, 2011 7:20am Jan 5, 2011 7:20am
Quoting fti
Gro, politics is very hard to read.
best read market flow.
the less bias, will be more nimble.

regards

Like me earlier
i developed a bottoming bias.
although managed capture some pips on the upside. Mostly missed the down slides. so far today
the money was in the slides.
yes totally agree, I only pass on information.The market is always right.
  • #21,272
  • Jan 5, 2011 7:22am Jan 5, 2011 7:22am
Quoting fti
Mamood, so far you are most nimble.
making a bomb?

Yes Sir!
That was a nice welcome present from 2011


Careful - equities are not supporting that move down yet
  • #21,273
  • Jan 5, 2011 7:30am Jan 5, 2011 7:30am
My good old lady UJ is doing great.
But I stay with EU for the time being ...
  • #21,274
  • Jan 5, 2011 7:32am Jan 5, 2011 7:32am
Quoting MaMood
Yes Sir!
That was a nice welcome present from 2011


Careful - equities are not supporting that move down yet
I will not write the information look at what's happening on the market then ...
  • #21,275
  • Jan 5, 2011 7:32am Jan 5, 2011 7:32am
ok i think i take a rest.
Today i am not in sync at all.

CU.
  • #21,276
  • Jan 5, 2011 7:33am Jan 5, 2011 7:33am
Quoting MaMood
Yes Sir!
That was a nice welcome present from 2011


Careful - equities are not supporting that move down yet

sorry to interrupt, neils...what equities?
  • #21,277
  • Jan 5, 2011 7:34am Jan 5, 2011 7:34am
Quoting Gro
I will not write the information look at what's happening on the market then ...


Now we have ~90 minutes without news disturbing.
Let's see if these suprising good figs will cheer the market into a trend ...
:-)
  • #21,278
  • Jan 5, 2011 7:36am Jan 5, 2011 7:36am
Quoting fti
ok i think i take a rest.
Today i am not in sync at all.

CU.

Rest well, fti!
Would be cool to see you later/tomorrow again!!!

Thanx for your support, opinions and hints!!!

Niels
  • #21,279
  • Jan 5, 2011 7:37am Jan 5, 2011 7:37am
Quoting paranorms
sorry to interrupt, neils...what equities?

Hi,

I use "equities" is a synonym for the stock market.
There I'm watching DAX (German index) in early London session and switch over to DOW during NY session.

Watching the equities is an add on to my 3 kgds ...
You have to determine if EU is positive or negative correlated to DOW/DAX at the moment. Depends on if we are in "Risk aversion" or "Risk taking" market sentiment. ATM we are allmost in Risk taking sentiment. Means when DOW/DAX is going up EU should follow (at least with a little delay - Rubberband effect).

But during that USD bull move DAX/DOW went up, means not in sync with prevailing correlation for today so far. This always signals some "headsup" to me, and I be very very careful in my sizes ...
  • #21,280
  • Jan 5, 2011 7:41am Jan 5, 2011 7:41am
Euro,Gold,Oil 1Hour chart

... be careful not to forget
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