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Technical Analysis Fallacy

  • #21,781
  • Jan 12, 2011 3:29am Jan 12, 2011 3:29am
Quoting MaMood
Keep your exposure in sync with appropriate risk according to your book size. Expect a kneejerk reaction when Portugal Auction results are published. So do not take to strong positions for now ....

And do not overstay ....

Thanks MaMood...I had few chances to get out on profit but practicing " the balls of steel " so I can wack them on the way south !!!
  • #21,782
  • Jan 12, 2011 3:31am Jan 12, 2011 3:31am
Quoting Marlon
Thanks MaMood...I had few chances to get out on profit but practicing " the balls of steel " so I can wack them on the way south !!!

I see.
Wish you good fortune!
But keep your mind open ...

For a moment please forget about all the news thingy and expectations you have.
Just ask you, waht would be your market reading, when you would have a long position now? Would it be the same? Than stack to your position. If not, be alerted and careful.

This kind of "thought experiment" has saved my ass several time ...
  • #21,783
  • Jan 12, 2011 3:33am Jan 12, 2011 3:33am
Quoting Marlon
Thanks MaMood...I had few chances to get out on profit but practicing " the balls of steel " so I can wack them on the way south !!!
make sure you know what to do when it breaks north.. i am not saying that it will, just be ready.
  • #21,784
  • Jan 12, 2011 3:34am Jan 12, 2011 3:34am
Quoting Vorbis
On a more positive note :

http://www.aolnews.com/2011/01/06/do...re-still-here/

Matthew 24:36
But of that day and hour knoweth no [man], no, not the angels of heaven, but my Father only.

for many that day already had.
the second coming is not yet.
But for many, the last days of earth had come. No?

regards
  • #21,785
  • Jan 12, 2011 3:35am Jan 12, 2011 3:35am
Quoting piccolo
make sure you know what to do when it breaks north.. i am not saying that it will, just be ready.

Morning Piccolo!

Nice to see you.
Hope you are doing well ...
  • #21,786
  • Jan 12, 2011 3:49am Jan 12, 2011 3:49am
Quoting MaMood
I see.
Wish you good fortune!
But keep your mind open ...

For a moment please forget about all the news thingy and expectations you have.
Just ask you, waht would be your market reading, when you would have a long position now? Would it be the same? Than stack to your position. If not, be alerted and careful.

This kind of "thought experiment" has saved my ass several time ...

Very valuable...thank you MaMood !
  • #21,787
  • Jan 12, 2011 3:50am Jan 12, 2011 3:50am
I have my focus on EJ and UJ atm.

Working well as short term "pre-indicators" for EU for now ...

Cable is a little out of sync, cause of very bad figs this morning.
Seems to have it'S own "life" for now ...
  • #21,788
  • Jan 12, 2011 3:50am Jan 12, 2011 3:50am
Quoting fti
But for many, the last days of earth had come. No?

regards
Good point. We all have our own "end of the world". Life itself is eternal but it's expressions are transient, fluid and very temporary!
  • #21,789
  • Jan 12, 2011 4:06am Jan 12, 2011 4:06am
Aproximately 35 minutes left till Auction results release
And that's my expectation for the market - just hot and pure energy


Hmmh -not sure but jessica alba -Shouldn't I have heard somewhere about her ...


Inserted Video
  • #21,790
  • Jan 12, 2011 4:13am Jan 12, 2011 4:13am
Congrats Marlon!
  • #21,791
  • Jan 12, 2011 4:20am Jan 12, 2011 4:20am
Just for info:

1018 GMT [Dow Jones] There was good selling interest seen as EUR/USD headed higher this session notes Citi and the bank says there's talk in the market of large offers around 1.3055-60. The bank says it's own order book does not wholly support this talk and flows seen so far Wednesday are skewed in favor of the euro. EUR/USD now at 1.3020. ([email protected])

Disclaimer. Be aware of possible Cow Dung included ;-)
  • #21,792
  • Jan 12, 2011 4:31am Jan 12, 2011 4:31am
Just for info:

1029 GMT [Dow Jones] GBP/USD is making hard work of advancing above 1.5660, and that may be because several Asian Central Banks are selling above here, says a UK bank trader. GBP/USD now trades at 1.5632 from the day's high of 1.5681. ([email protected])

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #21,793
  • Jan 12, 2011 4:33am Jan 12, 2011 4:33am
Quoting MaMood
Congrats Marlon!
Thank you MaMood...I managed to square down from my shorts with decent profit and flipped...now long....looking for 3050 area...
  • #21,794
  • Edited 4:45am Jan 12, 2011 4:44am | Edited 4:45am
Still very much an amateur at reading the pulse but is some USD bullishness appearing now?

My scout is currently caught the wrong side on EUR-USD (short) so I may be suffering from "hope".

It looks sort of "heavy".
  • #21,795
  • Jan 12, 2011 4:45am Jan 12, 2011 4:45am
Quoting Vorbis
Still very much an amateur at reading the pulse but is some USD bullishness appearing now?

My scout is currently caught the wrong side on EUR-USD (short) so I may be suffering from "hope".
You are on the right side I'd say... let's see if the hour makes it below 1.30.

I squared all for the auction results.

All the best!

Edit: good trade Vorbis
  • #21,796
  • Jan 12, 2011 4:50am Jan 12, 2011 4:50am
Still waiting for the results....
Nothing out there ...
  • #21,797
  • Jan 12, 2011 4:50am Jan 12, 2011 4:50am
Quoting Vorbis

It looks sort of "heavy".
I wasn't just imagining it then

Conducted a rescue and now square. Awaiting further developments.
  • #21,798
  • Jan 12, 2011 4:51am Jan 12, 2011 4:51am
Quoting Vorbis
Still very much an amateur at reading the pulse but is some USD bullishness appearing now?

My scout is currently caught the wrong side on EUR-USD (short) so I may be suffering from "hope".

It looks sort of "heavy".
Hopefully you were able to get out on that spike...
  • #21,799
  • Jan 12, 2011 4:53am Jan 12, 2011 4:53am
10 yr 6.79%
  • #21,800
  • Jan 12, 2011 4:54am Jan 12, 2011 4:54am
This people are making me a favor lol .... B @ 2987
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