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Technical Analysis Fallacy

  • #38,361
  • Jan 30, 2013 3:39pm Jan 30, 2013 3:39pm
Quoting fti
ok now tell me what was driving the markets?
Movement out of the dollar predominantly into the swissy.

Gold Daily
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  • #38,362
  • Jan 30, 2013 3:40pm Jan 30, 2013 3:40pm
gold daily
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just live a life, don't be hard.
  • #38,363
  • Jan 30, 2013 3:42pm Jan 30, 2013 3:42pm
I take it that I should put some more effort into correlation studies? I must admit, I haven't been a good student in that area.
  • #38,364
  • Jan 30, 2013 3:42pm Jan 30, 2013 3:42pm
can see now?
  • #38,365
  • Jan 30, 2013 3:44pm Jan 30, 2013 3:44pm
Quoting tubguy
I take it that I should put some more effort into correlation studies? I must admit, I haven't been a good student in that area.
you need play lots more kim's game.
observation skills.

what have i been talking about for the past 2 days?

hint: HEDGE.

when usd is in trouble , what is the historical HEDGE, safe harbour?
  • #38,366
  • Jan 30, 2013 3:45pm Jan 30, 2013 3:45pm
Quoting fti
can see now?
Yes sir. I see.

(Fti's shoe lands squarely upside Tubguy's head)
  • #38,367
  • Jan 30, 2013 3:48pm Jan 30, 2013 3:48pm
Quoting fti
you need play lots more kim's game.
observation skills.

what have i been talking about for the past 2 days?

hint: HEDGE.

when usd is in trouble , what is the historical HEDGE, safe harbour?
Agreed, I should probably actually LOOK at all the charts before I take any position.

The answer to the HEDGE question is GOLD.
  • #38,368
  • Jan 30, 2013 3:48pm Jan 30, 2013 3:48pm
slow learner student still in class!!!!
hedge is goingon.
just live a life, don't be hard.
  • #38,369
  • Jan 30, 2013 3:48pm Jan 30, 2013 3:48pm
Quoting tubguy
Yes sir. I see.

(Fti's shoe lands squarely upside Tubguy's head)

so whats should be on watch list forward?
so is top picking currencies a safe hobby for now?

BIG question is, will theose long calls be inclined take profits yet?

just calculate the range of the retracements .
does it tell you anything?

ok show me your hourly euro charts.
  • #38,370
  • Jan 30, 2013 3:52pm Jan 30, 2013 3:52pm
Quoting fti

so whats should be on watch list forward?
so is top picking currencies a safe hobby for now?

Gold is on the watchlist.

and NO top picking is deadly.

I think the power surge blew a breaker. Bulb went dim for a moment. Getting brighter again now.
  • #38,371
  • Jan 30, 2013 3:56pm Jan 30, 2013 3:56pm
1 hour EU at your service
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  • #38,372
  • Jan 30, 2013 3:58pm Jan 30, 2013 3:58pm
Quoting tubguy
1 hour EU at your service
seeing any signs of good(normal) profitaking?
  • #38,373
  • Jan 30, 2013 3:59pm Jan 30, 2013 3:59pm
Quoting fti
seeing any signs of good(normal) profitaking?
No sir! not at this time
  • #38,374
  • Jan 30, 2013 4:01pm Jan 30, 2013 4:01pm
Quoting tubguy
No sir! not at this time
so whats sign would the prudent traders be on a lookout for?
ok this easy, bids
find the bid zones.
of course if you was market makers you would see where they are at.
where the bids, where the short siting ducks.
esp the ducks of the top pickers.

would anyone tell you?
so look at your charts carefully.
and have the patience of a monk and the robustness of an mm made of steel balls.also be on lookout for tricks. watch the spreads before get itchy fingers.


regards
  • #38,375
  • Jan 30, 2013 4:06pm Jan 30, 2013 4:06pm
Quoting fti
so whats sign would the prudent traders be on a lookout for?
ok this easy, bids
find the bid zones.
of course if you was market makers you would see where they are at.
where the bids, where the short siting ducks.
esp the ducks of the top pickers.

would anyone tell you?



regards
No they ain't tellin. I marked them anyway for your inspection.
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  • #38,376
  • Jan 30, 2013 4:09pm Jan 30, 2013 4:09pm
Quoting tubguy
No they ain't tellin. I marked them anyway for your inspection.
meaningless
the supports bids exist on the right side of the chart. not on the left.
the left tells you where they will set traps for you.

who's most incline fall into the traps?
robots and breakout sellers? understand?
If i wanted buy 1 billion.
what should i do get them sell me?

any one have over bought chart indicators?
  • #38,377
  • Jan 30, 2013 4:13pm Jan 30, 2013 4:13pm
Quoting fti
meaningless
the supports bids exist on the right side of the chart. not on the left.
the left tells you where they will set traps for you.
Thats what I figured. All the supply & demand hoopla is just that. Hoopla.

Quote
who's most incline fall into the traps?
robots and breakout sellers? understand?
If i wanted buy 1 billion.
what should i do get them sell me?

Push price lower to bring in more sellers for you to buy from.
  • #38,378
  • Jan 30, 2013 4:18pm Jan 30, 2013 4:18pm
Quoting tubguy
Thats what I figured. All the supply & demand hoopla is just that. Hoopla.



Push price higher to bring in more buyers
no tub, i would make big swift support breaks. attract those acrofobia over leveraged clowns first.
then hold market low for long long time convince em over load their selling.
best way is to attract someone talk markets down.
then slow creep the market up clean out the weak long holders.



regards
  • #38,379
  • Jan 30, 2013 4:22pm Jan 30, 2013 4:22pm
Quoting fti
no tub, i would make big swift support breaks. attract those acrofobia over leveraged clowns first.
then hold market low for long long time convince em over load their selling.


regards
Love the way you put that "over leveraged clowns"

I corrected myself I guess while you where typing. I think I said before that I also have trading dyslexia. I think backwards at times. After reading what I wrote. I saw my mistake
  • #38,380
  • Jan 30, 2013 4:23pm Jan 30, 2013 4:23pm
sir RSI just above 70
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just live a life, don't be hard.
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