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Technical Analysis Fallacy

  • #39,901
  • Apr 22, 2013 12:33am Apr 22, 2013 12:33am
Quoting fti
{quote} Ai ya, no shame la. just small misunderstanding. just stand up again , dust dust and smile. Not battled, not aquanted. ai ya where 's market already. Wow expensive shower I had. regards
eur/jpy dance in range sir, got moderate pips for opening.
bias down today.. hope i can ride the trend.

Regards
steady as she goes
  • #39,902
  • Apr 22, 2013 12:51am Apr 22, 2013 12:51am
@fti

eur/usd dance [email protected] end 1.3065 ++

dancing with golden girl. start@ 1422.30 still +ve
don't predict direction, but dance with flow of water
  • #39,903
  • Apr 22, 2013 12:54am Apr 22, 2013 12:54am
see the way markets are being bid.
This not time to challange yet

ai ya i feel a bias on, need clear mind still.
please excuse for a while.
  • #39,904
  • Apr 22, 2013 1:30am Apr 22, 2013 1:30am
Quoting fti
{quote} Ai ya, no shame la. just small misunderstanding about words. just stand up again , dust dust and smile. Not battled, not aquanted. ai ya where 's market already. Wow expensive shower I had. regards ah i see cuthbert, hey cuth you forbidden watch that clip i mention, not dignified stuff. and is not i forbid you hor, just friendly advice.


chief is not difficult for a willing horse to surpass their weak forbidding protocol, but
i don't want compromise on my security protocol.

regards
  • #39,905
  • Edited 5:37am Apr 22, 2013 5:14am | Edited 5:37am
Quoting cuthbert
{quote} chief is not difficult for a willing horse to surpass their weak forbidding protocol, but i don't want compromise on my security protocol. regards
Ahhh clear mind.
then i went dozzed into another universe.
Just came back
have this tendency these days. suddenly time travels.
ah ya lost a whole sector, but is ok nothing happened.
Market went hybernation as well.

Seems the bidder is very insistant for having cable market near 1.5250
but also very careful not bump market at 50 and above may trigger swarms of buy ducks.

On hourly charts seems 1.5220 is not play level.
someone big have interest there.
the thing is whether there any meat on upside pushed.
For now not a single clue.
not even feel like scalping the range.

Probably can write today off as monday blues.
unless us sector have ideas.
  • #39,906
  • Apr 22, 2013 5:37am Apr 22, 2013 5:37am
Quoting fti
{quote} Ahhh clear mind. then i went dozzed into another universe. Just came back have this tendency these days. suddenly time travels. ah ya lost a whole sector, but is ok nothing happened. Market went hybernation as well. Seems the bidder is very insistant for having cable market near 1.5250 but also very careful not bump market at 50 and above may trigger swarms of buy ducks.

Is this an hourly cable knife fight looking for 3rd thrust..? Daily supports troops to the north..maybe later waiting on catalyst, though has my attention.

EURgbp end of month flow could bring rain, though...dont want to get stuck in mud...euro tired to me ..very weekly tired

Early days though

Regards

Li
Attached Image (click to enlarge)
Click to Enlarge Name: cable knife fight.JPG Size: 115 KB
  • #39,907
  • Edited 6:00am Apr 22, 2013 5:47am | Edited 6:00am
Quoting liqidone
{quote} Is this an hourly cable knife fight looking for 3rd thrust..? Daily supports troops to the north..maybe later waiting on catalyst, though has my attention. EURgbp end of month flow could bring rain, though...dont want to get stuck in mud...euro tired to me ..very weekly tired Early days though Regards Li {image}
cable was taken down hard twice by not so favorable economic figs.
But is trying saucer patterning both times avoid a free fall sell off.
I smell a possibility of CB interest as she seem very happy sitting around 1.52/1.53
moreover there will be change of guard soon at the iron lady. So excessive volatility may be not so easy to deal with.
They seems achieved price stability for now.

I though after the last bad data read that we may see try 1.50 but the support here seems very real and at equilibrium.
Not see any thing that can stir market yet. But always looking out for something.

is difficult when not feeling the flow, question is, whats the undercurrent situation?


regards

Euro is no better , that there many "mechanisms" masking the reality buying time for a solution to be found for them repair system core melt down.
so only market with any feel would be the usdyen, where their MOF is very clear about their objectives.
Whether they can get there is the work cut out for the new administrator that has come on board. Seems is a very determined team.

But thats the macro picture, me is a frontline man , so i always watching details for trading for a living.
  • #39,908
  • Apr 22, 2013 6:01am Apr 22, 2013 6:01am
Quoting fti
{quote} cable was taken down hard twice by not so favorable economic figs. But is trying saucer patterning both times avoid a free fall sell off. I smell a possibility of CB interest as she seem very happy sitting around 1.52/1.53 moreover there will be change of guard soon at the iron lady. So excessive volatility may be not so easy to deal with. They seems achieved price stability for now. I though after the last bad data read that we may see try 1.50 but the support here seems very real and at equilibrium. Not see any thing that can stir market...
Makes nice risk/reward. $ still has potential but stretched to me...anyways the EURGBP cross has been dictating to the trifecta on and off for weeks.
Depending upon which equilibrium..they are all to the north heading E.S.E

Hourly opened bid 11gmt...note.. understand your equilibrium now..looked back.

Regards

Li
  • #39,909
  • Apr 22, 2013 6:09am Apr 22, 2013 6:09am
Quoting liqidone
{quote} Makes nice risk/reward. $ still has potential but stretched to me...anyways the EURGBP cross has been dictating to the trifecta on and off for weeks. Depending upon which equilibrium..they are all to the north heading E.S.E Hourly opened bid 11gmt
The usd was the one lead the bursting all sorts bubbles recent few years. The fed chair is holding the fort with low rates until he can pump the economy back to life. Only economic figs not seems to be reflect his sentiments. The us tif with china about RMB levels had tappered off and Panda retreated to slower growth ahead with much focus on developing their domestic pot. So everyone is sort of happy world not ended in Dec 2012.

For me i would be happy just scalp the range, but with this kind liquidity and jerky runs, i wouldn't sell the house on it. But still need make some pocket money to live.

But never knows, things change in the batting of an eyelash. Just need be ready and able to capture it.


regards

oh i trying keep the german court at the side of my eye. Because if they rule the ESM illegal or unconstitutional, then the euro is gonna need find her equilibrium again without the firewalls and mechanisms interferences.
  • #39,910
  • Edited 6:45am Apr 22, 2013 6:21am | Edited 6:45am
tonight we will be reading the us home sales figs. Nothing extraordinary is expected.
Unless wall street wants create some excitement, like i said i would write day off as monday blues.

regards

oh if one wants trade , one thing is very clear for now.
No run seems to follow thru, so not chasing prices will be a good thing until clearly seen otherwise.
but this very good time practise mm skills and learning about the power of skewing cost. will have chance learn costing edge and patience.

if one went thru the nasdaq, days one should had learned not all the time can expect 100s of percentage profit margins. After the gold rush, then comes time need deal volume sales just getting nickels and dimes for volume sales keep alive until another gold rush begins. its universal in all businesses as you had said about the pearl industry. Some days are diamonds , some days are stones.

so is prudence not let ambition or other factors force one try squeeze blood out of stone, only blood seen will be our own.
  • #39,911
  • Apr 22, 2013 6:32am Apr 22, 2013 6:32am
Quoting fti
{quote} cable was taken down hard twice by not so favorable economic figs. But is trying saucer patterning both times avoid a free fall sell off. I smell a possibility of CB interest as she seem very happy sitting around 1.52/1.53 moreover there will be change of guard soon at the iron lady. So excessive volatility may be not so easy to deal with. They seems achieved price stability for now. I though after the last bad data read that we may see try 1.50 but the support here seems very real and at equilibrium. Not see any thing that can stir market...
If I told you what I thought of the overall macro not sure you would believe me...but way more than meets the eye.
Noted the german court ruling. euro x's on t he us morning coffee rush hour :-)..might get a expresso :-)
  • #39,912
  • Edited 7:00am Apr 22, 2013 6:47am | Edited 7:00am
Quoting liqidone
{quote} If I told you what I thought of the overall macro not sure you would believe me...but way more than meets the eye. Noted the german court ruling. euro x's on t he us morning coffee rush hour :-)..might get a expresso :-)
try, i am all ears.

regards

mom maybe feeling better already, i hearing she playing music.

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  • #39,913
  • Apr 22, 2013 6:59am Apr 22, 2013 6:59am
Quoting fti
{quote} try, i am all ears. regards
it could get messy, very messy
  • #39,914
  • Apr 22, 2013 7:02am Apr 22, 2013 7:02am
Quoting liqidone
{quote} it could get messy, very messy
can't be more messy than markets.. try.

regards
  • #39,915
  • Edited 7:46am Apr 22, 2013 7:03am | Edited 7:46am
Quoting priceaction1
@fti eur/usd dance [email protected] end 1.3065 ++ dancing with golden girl. start@ 1422.30 still +ve
a profits a profit, anyway you look at it.

regards

: rofl: i think she's ok already la.

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maybe she having grace festival.

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  • #39,916
  • Apr 22, 2013 7:34am Apr 22, 2013 7:34am
That was hard work today. Time for a shower and a coffee now before the little princess arrives home from her grandmother's.

Hope everybody is well. I've been pricing up PC parts in between trying to squeeze blood out of a stone today. (I got some blood so I'm happy!)

I don't know if I'm more excited about trading or upgrading my setup
  • #39,917
  • Edited 8:07am Apr 22, 2013 7:56am | Edited 8:07am
ok fed's dudley not very hot about euro.

he still speaking
euro taking some hits.

mobilising some scouts ready mode.

"failed to address toobig to fail"

cable is dead fish.
I moving focus to euros

aud slides

scouts trying drop in 30/40 zone
  • #39,918
  • Edited 9:05am Apr 22, 2013 8:15am | Edited 9:05am
no way i chase. want tango, come to me.
patience

wow what a long wait
at last scouts deployed
  • #39,919
  • Apr 22, 2013 8:43am Apr 22, 2013 8:43am
Quoting fti
no way i chase. want tango, come to me. patience

top of the hour home sales...news driven for me..could snap neck here..fails to break figuire on this attempt could be here zoning

finger indexing anyways ;-)

equities lower
  • #39,920
  • Edited 9:32am Apr 22, 2013 9:11am | Edited 9:32am
Quoting liqidone
{quote} top of the hour home sales...news driven for me..could snap neck here..fails to break figuire on this attempt could be here zoning finger indexing anyways ;-) equities lower
housing figs non event, having some impact on usdyen.

euro position is short
preparing additional reinforcements.

some drooped out zone 35, 36, 37

attack sequence deployed
topping detected

ok retesting topping
gogogo

attack 1st attempt deployed
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