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Technical Analysis Fallacy

  • #23,801
  • Edited 4:35am Mar 28, 2011 4:25am | Edited 4:35am
A WOMAN arrested after she told the world she was raped and tortured by Colonel Gaddafi's henchmen
Read more: http://www.mirror.co.uk/news/most-po...#ixzz1HsuR8biQ
Radiation rises to scary new high at Japan's Fukushima nuclear plant - and another earthquake hits
Read more: http://www.nydailynews.com/news/worl...#ixzz1HsuBcgIK

there is no eartquake in the markets, but ground is splitting.
hope no one has radioactive positions.
  • #23,802
  • Mar 28, 2011 4:32am Mar 28, 2011 4:32am
Hi again,

made some nice pips on EU short the whole morning.
But have to leave for preparing family lunch now.

CU in NY :-)

Niels
  • #23,803
  • Mar 28, 2011 4:40am Mar 28, 2011 4:40am
ok skinning session begins
  • #23,804
  • Mar 28, 2011 4:55am Mar 28, 2011 4:55am
Quoting fti
ok skinning session begins
all eyes and ears

still fighting my shorts though...
Success consists of going from failure to failure without loss of enthusiam
  • #23,805
  • Mar 28, 2011 5:17am Mar 28, 2011 5:17am
Quoting fti
ok skinning session begins
save energy for NY lar , more volume there nowdays
To Live is the rarest thing in the world , Most people exist , that is all
  • #23,806
  • Mar 28, 2011 5:20am Mar 28, 2011 5:20am
Quoting MaMood
Good Morning Friends!

What a warm and encouraging start into this new week, when I see you all discussing, dancing and posting here. Very glad to see this revival of TAF with all this high level postings.

According to the shedule with my little son, I have only the lessons till London Luch time for trading. So I have to wait for really good opportunities for sniping some pips. Can not risk to get caught in any long taking rescue ops ...

Cu in the markets :-)

All the best,
Niels

@sakatalight: I'm an optimist, so i think we can evolve our...
hi MaMood,
it's very nice of you to put forward such a good proposal for us. thx for your care! i want to do sth for TAF too. i have learned sth here. although not enough.
take your time. i can understand trading and taking care of your family is quite demanding. share your idea with us when you are ready.
pip well
sakatalight
  • #23,807
  • Mar 28, 2011 5:50am Mar 28, 2011 5:50am
Quoting maheswara
thx sylar

@V ,v u around ? u gonna watch wednesday showdown ? i will have to sacrifice a trading session if we bat first , i hope we chase ...
Well i am around... i am out of trading that day .... doesnt matter who plays first or last ..

BTW we have 100% win record against them in WC and i have played a league match in that pitch in good old days of college...

Good to see u around......

V
  • #23,808
  • Mar 28, 2011 5:52am Mar 28, 2011 5:52am
Warren Buffett has said, "I realized technical analysis didn't work when I turned the charts upside down and didn't get a different answer" and "If past history was all there was to the game, the richest people would be librarians."
  • #23,809
  • Mar 28, 2011 6:04am Mar 28, 2011 6:04am
Quoting indianguyinny24
Well i am around... i am out of trading that day .... doesnt matter who plays first or last ..

BTW we have 100% win record against them in WC and i have played a league match in that pitch in good old days of college...

Good to see u around......

V
well if we chase , then i can trade london n skip ny , if we dont , then ill just trade lightly whole day ,
u played league in mohali's pitch ? thats awesome !
the 100% record rate sounds good n bad , bad cos records meant to be broken ... just hope we maintain that record ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #23,810
  • Mar 28, 2011 6:17am Mar 28, 2011 6:17am
Quoting maheswara
well if we chase , then i can trade london n skip ny , if we dont , then ill just trade lightly whole day ,
u played league in mohali's pitch ? thats awesome !
the 100% record rate sounds good n bad , bad cos records meant to be broken ... just hope we maintain that record ...
We are allowed to loose WC but not that match

V
  • #23,811
  • Edited 7:06am Mar 28, 2011 6:52am | Edited 7:06am
Poison Pools Point to Meltdown Wall Street Journal
AWS reported and someone blocked.

I not think can cover fire with paper.
Not care how thick the paper.

difficult skinning process.
skin thick?
some nice us house figs may help later.
Concensus expect not so horrible figs.
But wonders how nice it will be?
  • #23,812
  • Mar 28, 2011 7:40am Mar 28, 2011 7:40am
oh lots of bits and pieces news around.
But seem impact absorbed

Portugal downgraded by S&P
Mubarak and family under house arrest.
  • #23,813
  • Mar 28, 2011 7:41am Mar 28, 2011 7:41am
Quoting fti
oh lots of bits and pieces news around.
But seem impact absorbed

Portugal downgraded by S&P
Mubarak and family under house arrest.
Chief,

How u collect all these news...??? reading all websites at once??? or some feed??

V
  • #23,814
  • Edited 8:13am Mar 28, 2011 7:44am | Edited 8:13am
Quoting indianguyinny24
Chief,

How u collect all these news...??? reading all websites at once??? or some feed??

V
you no have reuters?

alos russians want say something about Libya.

is not collection.
just need know what my neighbours doing.
so that life is not so boring.

and they seem doing much interesting stuff daily.
at least now i know i cannot drink sea water.

Dr muurray once said he saw sign reads "drink canada dry"
then i found out is not supposed to be like that.
so since i was already on the wagon , i couldn't drink canada dry.

now doing nothing.
waiting for chance skin that black bear.

London zone has become so boring that is become my sleep zone.
even buffetts gone to india.
Maybe we should too.
  • #23,815
  • Mar 28, 2011 8:41am Mar 28, 2011 8:41am
Entering range where dollar longs are attractive.

Initiate scouts in Eurusd 1.4080
  • #23,816
  • Mar 28, 2011 8:45am Mar 28, 2011 8:45am
Quoting fti
y
London zone has become so boring that is become my sleep zone.
even buffetts gone to india.
Maybe we should too.


I left India to come to US .... Buffet is going from US to India...Something is not right
  • #23,817
  • Mar 28, 2011 9:06am Mar 28, 2011 9:06am
Quoting Guerrillawar
Entering range where dollar longs are attractive.

Initiate scouts in Eurusd 1.4080
Hi Guerrillawar : (Initiate scouts in Eurusd 1.4080[/quote]), i cant help myself, but this M5 is more likely E/U long... The price was near weekly open, strong long M5... I see there a little bet in your decision... (but i am a beginer, so it is only some observation)...
  • #23,818
  • Mar 28, 2011 9:24am Mar 28, 2011 9:24am
Quoting Fana
Hi Guerrillawar : (Initiate scouts in Eurusd 1.4080
), i cant help myself, but this M5 is more likely E/U long... The price was near weekly open, strong long M5... I see there a little bet in your decision... (but i am a beginer, so it is only some observation)... [/quote]

there is professional interest in the market at 1.4060 or so. Dollar bulls tried to make a move and lost. Those traders will be given the chance to scratch their trades. Euro is out of alignment though today true direction is derived from a variety of correlated markets in todays session. The bullish day of today is related to closing gaps. The DX spot and future had a gap and that is a market that fills gaps if there is one. Just my opinion we shall see.
  • #23,819
  • Mar 28, 2011 11:45am Mar 28, 2011 11:45am
well, manipulator has died I guess?

I can't help wondering, is the manipulator using their account size to push rates up to benefit their position? Are they pushing it around to test levels (sweeps)?

How do we know if the manipulator isn't one of the big ships (in which case we shouldn't try to fight at all).
  • #23,820
  • Mar 28, 2011 12:31pm Mar 28, 2011 12:31pm
fullperson, you should never try to fight the market. Whether it is a big ship or little boat behind the price action, have you personally got the resources to move the market?
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