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Technical Analysis Fallacy

  • #38,461
  • Jan 31, 2013 1:26am Jan 31, 2013 1:26am
Quoting cuthbert
yeah biased chief.
need clear it up.

regards
ok now something at 46?
note what cable doing?
so where's strength
  • #38,462
  • Jan 31, 2013 1:29am Jan 31, 2013 1:29am
so if yone wants try
is important robust mm , manageable size scout out the 50 zones?
so 35 still not in play
but because have impression need be very careful with scouts.

understand the mindset?

now stablised
so need slowly build positions because have bullish euro bias.
but need do it slow and with much observations what its doing.

I hope you can feel it.

regards

if i keep talking i will also lost my feel.
  • #38,463
  • Jan 31, 2013 1:33am Jan 31, 2013 1:33am
Quoting fti
so if yone wants try
is important robust mm , manageable size scout out the 50 zones?
so 35 still not in play
but because have impression need be very careful with scouts.

understand the mindset?

now stablised
so need slowly build positions because have bullish euro bias.
but need do it slow and with much observations what its doing.

I hope you can feel it.

regards

if i keep talking i will also lost my feel.
yeah understand chief.

regards
  • #38,464
  • Jan 31, 2013 1:37am Jan 31, 2013 1:37am
ok note
that weakness in euro is due to cross weakness.
ok think strategies.
  • #38,465
  • Jan 31, 2013 1:44am Jan 31, 2013 1:44am
Quoting fti
ok note
that weakness in euro is due to cross weakness.
ok think strategies.
cross strength along with chocolates??

regards
  • #38,466
  • Jan 31, 2013 1:53am Jan 31, 2013 1:53am
Quoting cuthbert
cross strength along with chocolates??

regards
there is something else too....i can't tell.
am squared.
  • #38,467
  • Jan 31, 2013 1:53am Jan 31, 2013 1:53am
Quoting cuthbert
cross strength along with chocolates??

regards
have you mapped out appropriate strategies on this adventure?
as it moves along more stuff going to appear tell you whats happening.
now where is the strength?
why is euro supported
what is cable done?

i not going continuesouly spoon feed .
one must learn to develop the feel. and appropriate course of actions.
is beeing given already on thread.
find you niche.
what comfortable for you and how you going get it done.

regards

just a blotter read, only one time.
already have euro scouts out cable as well
already gone stage 2
in fact cable gone stage 3

if need positions are long currencies short usd.
also keep eyes on reuter , bloomberg or whatever you have.
or talk with other traders see what they seeing.
adjust agression of scouts or whatever to match whats happening.
only issue to be watch out on is what happens if 80 tests.
we know there was somthing selling there?
is it still there?
you need see what happens there to know
if you not want take the risk, square out watch the test when there.
manage well.

Good fortune.

regards
  • #38,468
  • Jan 31, 2013 2:02am Jan 31, 2013 2:02am
squared.
trying feel.

regards
  • #38,469
  • Jan 31, 2013 2:16am Jan 31, 2013 2:16am
note hourly euro pattern.
notice impluse lacking?
note what cable doing.

risk off.
is already not prudence.
risk growing.
vollatility impluse weak on up strong on down
suspect may not be bottom,need more observations.
Attached Image
  • #38,470
  • Jan 31, 2013 2:19am Jan 31, 2013 2:19am
cable want another dive, eur/usd slow posining for short!!!!!! or I am upside down?????
just live a life, don't be hard.
  • #38,471
  • Jan 31, 2013 2:29am Jan 31, 2013 2:29am
there is support on short charts.
tenure charts weak.
if short charts ahow sign of weakness, whats the possible scenario.
whats prudent move?
hows book condition?

ya i still blocked by bias.
but whats other 3ks doing
how's volatility?
what % of true range covered for the day?


regards
Attached Image
  • #38,472
  • Jan 31, 2013 2:38am Jan 31, 2013 2:38am
try try and try that what I can do.

opss it is of not ofr!
Attached Image (click to enlarge)
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just live a life, don't be hard.
  • #38,473
  • Jan 31, 2013 2:49am Jan 31, 2013 2:49am
I have a "Q"

is usdindex is leading or legging,

if legging than why to see this for direction, I means all cirrency basket trader are seen usdindex for direction which depand upon ther own movment????.

if leading, than at the same time how she effect on all basket????( there is diffrent dinamic of every currency)
just live a life, don't be hard.
  • #38,474
  • Jan 31, 2013 2:55am Jan 31, 2013 2:55am
Hi fti

I noticed y/day when Eur up strong and JPY down strong (UJ up) which is usually 'risk on' the AUD went down all day, not the normal correlation. It might be that Gillard announced election date 14 Sept (furtherest out in history!) but Aud did not move Aussi/Asia time

I read good article y/day that Jap has totally lost competitiveness to Korea on cars (Hyundai etc) and electronics (Samsung takes on apple while Jap tech languishes. Jap NEEDS to rebalance exchange rate in their favour.

With USA printing mony hard and fast (-ve GDP last night) maybe EUR floats to top (also compet. advan for USA against German exports.

:-)


Quoting fti
have you mapped out appropriate strategies on this adventure?
as it moves along more stuff going to appear tell you whats happening.
now where is the strength?
why is euro supported
what is cable done?

i not going continuesouly spoon feed .
one must learn to develop the feel. and appropriate course of actions.
is beeing given already on thread.
find you niche.
what comfortable for you and how you going get it done.

regards

just a blotter read, only one time.
already have euro scouts out cable as well
already gone stage 2
in fact cable gone...
  • #38,475
  • Jan 31, 2013 3:02am Jan 31, 2013 3:02am
cable move as I can see~!
Attached Image (click to enlarge)
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just live a life, don't be hard.
  • #38,476
  • Jan 31, 2013 3:14am Jan 31, 2013 3:14am
Quoting shaukat113
I have a "Q"

is usdindex is leading or legging,

if legging than why to see this for direction, I means all cirrency basket trader are seen usdindex for direction which depand upon ther own movment????.

if leading, than at the same time how she effect on all basket????( there is diffrent dinamic of every currency)
i not equity trader, sorry
out of my league.
I don't like trade stuff thats non trasparent in info. easily cornered stuff.
indexes cannot be lead indicators.
How can they?
But can be ecomomic indicators.
but the fed intervene in us.
so who knows whats the truth?
possiblilty of windows dressing.




regards
  • #38,477
  • Jan 31, 2013 3:21am Jan 31, 2013 3:21am
Quoting peetee09
Hi fti

I noticed y/day when Eur up strong and JPY down strong (UJ up) which is usually 'risk on' the AUD went down all day, not the normal correlation. It might be that Gillard announced election date 14 Sept (furtherest out in history!) but Aud did not move Aussi/Asia time

I read good article y/day that Jap has totally lost competitiveness to Korea on cars (Hyundai etc) and electronics (Samsung takes on apple while Jap tech languishes. Jap NEEDS to rebalance exchange rate in their favour.

With USA printing mony hard and fast (-ve...
yes, thats why there is strong resistence in authorities.
can suffer for being uncompetitive for so long before things reach point of no return.

Ysa euro zone is boyance, but there are weak PIIGS still not healthy yet.
Actually greece came on spotlight again.
one of the reasons why the carry thru is not very robust today.
but we still not know yet.
Markets not have clue, so we slow dancing.

only things happening today was saw selling at 80s and suppoted at 50.
other than that no clues at all yet.

some info from BOJ, seems they very insistant hold to current levels and will do everything if the yen strengthens.
so will have some kinda cap on yen strength what ever happens to the usd, they said they will do things prevent a stronger yen.
Chart wise seen no action. so info is filed for use when appropriate.


regards
  • #38,478
  • Jan 31, 2013 3:21am Jan 31, 2013 3:21am
sorry I was not so clear


my mistake, I am asking about "US Dollar Index" that is @ 79.26.
just live a life, don't be hard.
  • #38,479
  • Jan 31, 2013 3:24am Jan 31, 2013 3:24am
GU
On daily (six months) GU has fallen straight down from the high, through neckline of large double top and now bounced exactly to the neckline
:-)

Quoting fti
ok now something at 46?
note what cable doing?
so where's strength
  • #38,480
  • Jan 31, 2013 3:32am Jan 31, 2013 3:32am
Quoting peetee09
GU
On daily (six months) GU has fallen straight down from the high, through neckline of large double top and now bounced exactly to the neckline
:-)
ya but cable is not demonstrating any strength as well.
is firm due to the retracing euro cable cross.
euro is letargic, so due to crosses cable is whippy.

tonight most eyeing the FOMC rates.
so would not expect too much movement.

scary get caught if they decided raise rates?
mostly would expect non event due to they had said they want keep rates low.

but NFP on tomorrow will be interesting.
Thinking if we see positioning ahead or after the figs.

so generally expect sideway markets, which seems well bid.
but as aways be prepared in case something moves.




regards
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