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Technical Analysis Fallacy

  • #22,041
  • Jan 16, 2011 7:15pm Jan 16, 2011 7:15pm
Dear all,

I received an email from one of FTI's friends. He is in hospital now.

I am posting on behalf of FTI to inform that he will be out of action for the next 3 to 5 days to fix some plumbing problem at the hospital.

Sorry for the short note, I will post again when I get further information.
  • #22,042
  • Jan 16, 2011 7:16pm Jan 16, 2011 7:16pm
sell stops on 1.3348. e/u... There were some buy limits .50. Broken easily... next level 1.3316?

Dear Imjscn, that is sad information. I hope, he will be OK.
  • #22,043
  • Jan 16, 2011 7:18pm Jan 16, 2011 7:18pm
Quoting Fana
sell stops on 1.3348.
?
  • #22,044
  • Jan 16, 2011 7:26pm Jan 16, 2011 7:26pm
Quoting auxesis
?
Hi Auxesis. I am just staring at it. And see Eur strong selling...Somebody big, like panda or who knows... PA quick pressure from one subject? Yen seems intact, but aussie falling... China buying USD?
  • #22,045
  • Jan 16, 2011 7:28pm Jan 16, 2011 7:28pm
Quoting Fana
Hi Auxesis. I am just staring at it.
Did you go short @ 3348 or you placed stops on your shorts there?
  • #22,046
  • Jan 16, 2011 7:33pm Jan 16, 2011 7:33pm
Quoting auxesis
Did you go short @ 3348 or you placed stops on your shorts there?
I thought the price action there... Not that i placed there orders. Last days i made mistakes,i must take care...
  • #22,047
  • Jan 16, 2011 7:37pm Jan 16, 2011 7:37pm
Quoting Fana
I thought the price action there... Not that i placed there orders.
Euro's moving to the bottom of the range around that 3316 area you mentioned, see whast happens there when/if it reaches it. but you wanted to be short from the top if looking short, 48 is mid range
  • #22,048
  • Jan 16, 2011 7:40pm Jan 16, 2011 7:40pm
Quoting auxesis
Euro's moving to the bottom of the range around that 3316 area you mentioned, see whast happens there when/if it reaches it. but you wanted to be short from the top if looking short, 48 is mid range
Yes. There - 1.3316 if reached, i am curious what is around that area... I bet more likely sell stops...
  • #22,049
  • Jan 16, 2011 7:41pm Jan 16, 2011 7:41pm
Quoting Fana
Yes. There - 1.3316 if reached, i am curious what is around that area...
Long orders
  • #22,050
  • Jan 16, 2011 7:44pm Jan 16, 2011 7:44pm
Quoting auxesis
Long orders
... but now very quiet long responses..., that limits 1.3350 were small... the second atemp imho was break...
  • #22,051
  • Jan 16, 2011 7:50pm Jan 16, 2011 7:50pm
Quoting Fana
... but now very quiet long responses..., that limits 1.3350 were small... the second atemp imho was break...
my thoughts on orders; sell(pink) and long(green) stops(gray), if one side doesn't make it to the other that should say something

fwiw
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  • #22,052
  • Jan 16, 2011 7:54pm Jan 16, 2011 7:54pm
Quoting auxesis
my thoughts on orders; sell(pink) and long(green) stops(gray), if one side doesn't make it to the other that should say something

fwiw
, Thank you. The plan is ready... now matter of time...

Is it bad thought, that China is afraid of value of Dollar, so buying it when necessary. Maybe China prints Yuan as necessary...and for these new papers buy Dollar? No, just kidding...:-)
  • #22,053
  • Jan 16, 2011 8:06pm Jan 16, 2011 8:06pm
Quoting auxesis
my thoughts on orders; sell(pink) and long(green) stops(gray), if one side doesn't make it to the other that should say something

fwiw
Hi auxesis, agree with you and was thinking long until the break of about 1.3350'ish. Now just drinking a glass of wine and watching. Will wait for London now but still looking for reasons to go long if the 3320 area is tested again.

Prayers are going out for fti and hope his "plumbing" problems are not significant.

BTW auxesis -- Go Bears!
  • #22,054
  • Jan 16, 2011 8:16pm Jan 16, 2011 8:16pm
Quoting GEfx
Hi auxesis, agree with you and was thinking long until the break of about 1.3350'ish. Now just drinking a glass of wine and watching. Will wait for London now but still looking for reasons to go long if the 3320 area is tested again.

Prayers are going out for fti and hope his "plumbing" problems are not significant.

BTW auxesis -- Go Bears!
It was a nice little 3 wave push from Tokyo open, I personally don't see it breaking out atm, agree wait on London. 3320ish should ignite some fireworks, watch for some bottom sweeping first if she's going long, but wouldn't surprise me to see a pull back here. last week was pretty one directional.

I'm finishing off a nice glass of Cabernet

Da' Bears! I can root for Chicago, was mildly surprised at the Jets/Pats game today. Wifey was sad at the outcome, She's a Northeasterner....
  • #22,055
  • Jan 16, 2011 8:20pm Jan 16, 2011 8:20pm
And if suits, enjoy nice song
Inserted Video
  • #22,056
  • Jan 16, 2011 8:23pm Jan 16, 2011 8:23pm
Here's one for GE,

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  • #22,057
  • Jan 16, 2011 8:25pm Jan 16, 2011 8:25pm
currently short aussie

s x 1 0.98783
s x 6 0.98776


PA slowing, skewing down...Profit taking @
bot 3 98772
bot 2 98772
bot 1 98767

waiting for next move... scout still in.
  • #22,058
  • Edited 8:47pm Jan 16, 2011 8:37pm | Edited 8:47pm
squared

too bad i got work... good luck guys and get well soon fti.
  • #22,059
  • Jan 16, 2011 9:39pm Jan 16, 2011 9:39pm
Quoting imjscn
Dear all,

I received an email from one of FTI's friends. He is in hospital now.

I am posting on behalf of FTI to inform that he will be out of action for the next 3 to 5 days to fix some plumbing problem at the hospital.

Sorry for the short note, I will post again when I get further information.
Thks for updating us on Fti condition.

Hope he resolved his "plumbing problems" soon and come back to plumber the Fx mkt

Good trading to all this week


Cheers
Philip
"Thinking Heart & Feeling Brain"
  • #22,060
  • Jan 17, 2011 12:38am Jan 17, 2011 12:38am
I have one friend very close to me who knows i trade FX....he has seen me evolving when i started trading back in 2007....he had moved out from NYC like 2 years ago...so yesterday we met after 2 years....after all normal talk he asked about forex...

SO he asked how do i trade....after my explanantion he said...


"SIr i asked you hwo u trade but what u told me is entire philosophical thigns there is nothing absoluete in terms of trading u r telling me....

what then i told him in his layman terms is we do Dynamic Risk management aka cost averaging with lot of scorpio ( he understood that) in check.....


AM i the only one who feels that its hard to explain to normal people or i guess i cant explain well..

V
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