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Technical Analysis Fallacy

  • #26,961
  • Aug 10, 2011 4:01am Aug 10, 2011 4:01am
Now i am strongly U/CHF long. Who has money, go! help to put that overbought Swissy where it should be
  • #26,962
  • Aug 10, 2011 5:08am Aug 10, 2011 5:08am
Quoting Fana
Now i am strongly U/CHF long. Who has money, go! help to put that overbought Swissy where it should be
Nah.. moving sands... Can't swim. No, thanks :-)
Bah...
  • #26,963
  • Aug 10, 2011 5:16am Aug 10, 2011 5:16am
Quoting plamendp
Nah.. moving sands... Can't swim. No, thanks :-)
Yep, already history for me...
  • #26,964
  • Aug 10, 2011 9:08am Aug 10, 2011 9:08am
Otoh, G/U provided a nice swiming conditions since yesterday; I managed to squeeze some pips out of it :-) A little bit scary volatility, but still...

Plamen
Bah...
  • #26,965
  • Aug 10, 2011 4:59pm Aug 10, 2011 4:59pm
Quoting plamendp
Otoh, G/U provided a nice swiming conditions since yesterday; I managed to squeeze some pips out of it :-) A little bit scary volatility, but still...

Plamen
Find a comfort zone by maybe cutting size.
Also watch the greed scorpion as the markets still feel thin.
This volatility should pass.
  • #26,966
  • Aug 11, 2011 12:31am Aug 11, 2011 12:31am
Quoting jacson101
Find a comfort zone by maybe cutting size.
Also watch the greed scorpion as the markets still feel thin.
This volatility should pass.
These last days you can enter short or long and will get some pips.

But it will change!....
  • #26,967
  • Aug 11, 2011 3:39am Aug 11, 2011 3:39am
CHF and JPY pairs are tempting (nice legs) but knowing SNB and BOJ are watching us makes me nervous - definitely not a good state of mind.

I see pips slipping through my fingers :-)

Coward

Plamen
Bah...
  • #26,968
  • Aug 11, 2011 3:55am Aug 11, 2011 3:55am
Is it a shooting star at UJ?
  • #26,969
  • Aug 11, 2011 6:07am Aug 11, 2011 6:07am
Quoting Fana
Is it a shooting star at UJ?
It depends what TF you are refering to.. From M5 up to D1 you have all kind of patterns. One thing is for sure - BOJ is determined to keep JPY low as much as it can. Patterns don't play any significant role in this situation, at least not enough to activate enter/exit/whatever triggers.

Here again fti is correct: just swim and maintain high situational awareness!



Plamen
Bah...
  • #26,970
  • Edited 6:45am Aug 11, 2011 6:26am | Edited 6:45am
Quoting plamendp
It depends what TF you are refering to.. From M5 up to D1 you have all kind of patterns. One thing is for sure - BOJ is determined to keep JPY low as much as it can. Patterns don't play any significant role in this situation, at least not enough to activate enter/exit/whatever triggers.

Here again fti is correct: just swim and maintain high situational awareness!



Plamen
It wasnt a question...
- hmm, i must be self-critic... it was a question estimate 80%....
But on the other hand... Plamen, you are too nervous with your statements about "not taking trades".... thats dangerous.... Opportunities were, are and will be... regards.
  • #26,971
  • Aug 11, 2011 7:06am Aug 11, 2011 7:06am
Star... t.........

Must have it... oh yeah!
Attached Image (click to enlarge)
Click to Enlarge Name: LUNG UJ.jpg Size: 126 KB
  • #26,972
  • Aug 11, 2011 8:29am Aug 11, 2011 8:29am
Quoting Fana
It wasnt a question...
- hmm, i must be self-critic... it was a question estimate 80%....
But on the other hand... Plamen, you are too nervous with your statements about "not taking trades".... thats dangerous.... Opportunities were, are and will be... regards.
Oh yes... Don't get me wrong. I just finished (an hour ago) a SHORT tango-dance with Lady EUR/GBP. Gave up because of "too long leg"..

At the moment she repeats the downmove, but the correction (up) was too easy... I don't beleive her now.. looks like a bait...

I'll wait

Plamen
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 127 KB
Bah...
  • #26,973
  • Aug 11, 2011 8:32am Aug 11, 2011 8:32am
Some wild moves today too....

It's definitely wise to cut size these days.

For the guys that have been trading/dancing longer. Do you think this volatility is resultant of great uncertainity or not so much by this, but by the thiness of the markets during august?
  • #26,974
  • Aug 11, 2011 8:46am Aug 11, 2011 8:46am
Quoting tricello
Some wild moves today too....

It's definitely wise to cut size these days.

For the guys that have been trading/dancing longer. Do you think this volatility is resultant of great uncertainity or not so much by this, but by the thiness of the markets during august?
Objective: Debt problems all over the world
Subjective: Everybody is talking too much
Side Effects: Fear, Greed, Panic, Volume Up and Down (Liquidity volatility)

Conclusion: it's one hell of a mess :-)

You know: "Bulls make money, Bears make money, Insiders make money, Pigs... well, they are ... trying to catch the falling knifes" :-)

Plamen
Bah...
  • #26,975
  • Aug 11, 2011 8:58am Aug 11, 2011 8:58am
Quoting plamendp
You know: "Bulls make money, Bears make money, Insiders make money, Pigs... well, they are ... trying to catch the falling knifes" :-)

Plamen
You are right...it feels like a mess!

I would add: Bulls or bears that are fast and light make money hahaha

moves of 150+pips in 20min on an overweighted bull/bear are killers
  • #26,976
  • Aug 11, 2011 9:48am Aug 11, 2011 9:48am
Any news on chief...


V
  • #26,977
  • Aug 11, 2011 12:49pm Aug 11, 2011 12:49pm
http://www.reuters.com/article/2011/...77A12S20110811
  • #26,978
  • Aug 11, 2011 6:25pm Aug 11, 2011 6:25pm
Quoting indianguyinny24
http://www.reuters.com/article/2011/...77A12S20110811
yep, thanks.
E/u seems to still be in a vacuum, staying nimble.
rgds
  • #26,979
  • Aug 12, 2011 9:32am Aug 12, 2011 9:32am
Quoting jacson101
yep, thanks.
E/u seems to still be in a vacuum, staying nimble.
rgds
Well when these news are around EU i have seen going too much down only thing yen is going down and USD up on EJ...

need to be still nimble before BOJ act or may be they wont.....


V
  • #26,980
  • Aug 12, 2011 1:18pm Aug 12, 2011 1:18pm
Quoting auxesis
Thank you, I realize that the interplay is outside my use and understanding at the moment, but on the surface would I be correct in this scenario,

This morning if I felt that the $ Bull was coming on, I would see his foot print in the Pound first and with bigger legs as EUR/GBP was climbing which was seen in both the E/U and G/U charts.......... Pound was making new lows, Euro still holding range.

I should have been short Pound.
Wanted to ask Auxesis... if he was ever able to make out this Multi dimension hedge cross strategy....

post is here


http://www.forexfactory.com/showthre...86#post3003186


V
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