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Technical Analysis Fallacy

  • #3,441
  • Jul 15, 2008 10:22pm Jul 15, 2008 10:22pm
Thanks everyone for the nice words

fti ... your basics will always be what I hold on to, so no worries there. Your basics are essential!!

Quoting fti
my exuberance may not be the cup of tea for some.
Oh yeah?!! Let me at 'em. I'll whip 'em good until they love your exuberance!

Quoting David
I have to be honest to myself that I have no ability to use high leverage.
My new system/method may help you with that. I use 100:1 on a mini account. What are you using?

Quoting lilpip
Yes it would, never really had much time to get to know mother.
ACK!!! Call me "mother" again, and your backside will get to know me far better than you'd want!! *whip* *whip* (Leigh passes the Aloe to lilpip)

Quoting luSan
leigh, when are you letting see your results?...I am very eager so see your overnight strategy again...I have some ideas about it....I am interviewing for a job and I keep thinking that your approach might help me...
Patience, luSan, patience, lol. I'll share it with you guys shortly. I'm having somebody (Zoran) look at it first to make sure he understands how to use it. I may have to revise the instructions on the spreadsheet depending on his comments/questions to make it easier to understand (if there's any discrepancies with understanding it), so I want to let him at it first before I have you guys download the spreadsheet.

It should be within the week, so just hang tight. He said he needed a few days to give it a good look over.

I have totally revised my entire spreadsheet with this new system/method, so I am no longer using the spreadsheets that I previously posted here, thus I need Zoran to make sure it's understandable enough for anyone to implement by reading the instructions.

I'll post the new spreadsheet somewhere else when ready. I'll inform you at that time when you guys can download it.

Good luck with your job interview, luSan!
  • #3,442
  • Edited 2:17am Jul 16, 2008 2:05am | Edited 2:17am
Hi ALL,

What a long long day?The pips makes it worhwhile.
Looks like we may be getting into the eye of the storm.
The coils too tight already, london boys stalled.
Wonder whats coming our way?

Cable & yen says sell the greenbag.
trying, but be cautious, Kamikaze scout deployed.

This will not be hand held session .
If you do depend on your abilities, pls.
  • #3,443
  • Jul 16, 2008 2:09am Jul 16, 2008 2:09am
Quoting fti
Hi ALL,

Looks like we may be getting into the eye of the storm.
The coils too tight already, london boys stalled.
Wonder whats coming our way?
i observed the euro n gbp having 50% more volatility than the yen in term of pips ...
yen bear has reduced its momentum ... 3rd wave didnt break the previous low yet ...

edit : broken now ... looks like bear resuming trend ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,444
  • Edited 2:38am Jul 16, 2008 2:20am | Edited 2:38am
Quoting maheswara
i observed the euro n gbp having 50% more volatility than the yen in term of pips ...
yen bear has reduced its momentum ... 3rd wave didnt break the previous low yet ...

edit : broken now ... looks like bear resuming trend ...
yeap, looks like it for now, careful with the skews and rescues.
No attack capacity for now.

Where's the dang follow thru , stops trigger.
My scout is very very

Wohole world is tip toeing,
don't wake big bro up.
  • #3,445
  • Jul 16, 2008 2:25am Jul 16, 2008 2:25am
Quoting fti
yeap, looks like it for now, careful with the skews and rescues.
No attack capacity for now.
yes sir , attack only on wave retracement , now only flirting ...
sir , question on intervention , since you need to trade the currencies into other currencies , which would effect a range of other currencies , does the cb has a pact with the cb of other countries ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,446
  • Jul 16, 2008 2:38am Jul 16, 2008 2:38am
Good morning sirs!

I hope you were able to take some pips from the market.
I like USDJPY very much these days.
Rode some succesful attacks dwn from 104.54.
I'm very curious, if the 104.00 will last long ...

Successful trades for all of you !!!
;-)
  • #3,447
  • Jul 16, 2008 3:31am Jul 16, 2008 3:31am
Quoting maheswara
yes sir , attack only on wave retracement , now only flirting ...
sir , question on intervention , since you need to trade the currencies into other currencies , which would effect a range of other currencies , does the cb has a pact with the cb of other countries ?
Hi,
Ahh, FF was down for me for a while.

Yes, maheswara, they are friends.
Some better than others, some by virtue of marraige some just casual.

By the way, don't address me, as sir, we are friends.

regards

I keep getting this , is it just me?

Warning: Memcache::connect() [memcache.connect]: Can't connect to xxx.xxx.xxx.xxx:xxxxx, Connection timed out (110) in /includes/class_datastore.php on line 307

Fatal error: Unable to connect to memcache server in /includes/class_datastore.php on line 309
  • #3,448
  • Jul 16, 2008 3:37am Jul 16, 2008 3:37am
Quoting fti
I keep getting this , is it just me?

Warning: Memcache::connect() [memcache.connect]: Can't connect to xxx.xxx.xxx.xxx:xxxxx, Connection timed out (110) in /includes/class_datastore.php on line 307

Fatal error: Unable to connect to memcache server in /includes/class_datastore.php on line 309
same for me.
  • #3,449
  • Edited 4:16am Jul 16, 2008 3:47am | Edited 4:16am
Hi,
slow dance, feels like wellington zone doesn't it?
the scout he's confortable and very
the action seems to be at the queen's court.

Scout came home. Wrote a long report about the traquility of the Eur countryside. LOL

Here's the report, hope you like it,
Bad quality due to length.
Attached File(s)
File Type: zip Nights.zip   1.6 MB | 1,095 downloads
  • #3,450
  • Jul 16, 2008 3:50am Jul 16, 2008 3:50am
Quoting fti
Hi,
slow dance, feels like wellington zone doesn't it?
Hi fti,

maybe the market is awaiting the CPI data for the euro-zone at 0900 GMT before starting major actions ...
  • #3,451
  • Jul 16, 2008 4:13am Jul 16, 2008 4:13am
Quoting fti
Hi,
slow dance, feels like wellington zone doesn't it?
the scout he's confortable and very
the action seems to be at the queen's court.

Scout came home. Wrote a long report about the traquility of the Eur countryside. LOL
lol, mine still in , not very comfy but buffered ,if i take her home will still be in profit ...
sir , im sorry if i make u feel old , but I cant address you in any other way without feeling weird , you see im still 23
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,452
  • Jul 16, 2008 4:18am Jul 16, 2008 4:18am
scout report edited 3 posting up
  • #3,453
  • Jul 16, 2008 4:27am Jul 16, 2008 4:27am
Quoting MaMood
Hi fti,

maybe the market is awaiting the CPI data for the euro-zone at 0900 GMT before starting major actions ...
Thanks, Possible,but not much we don't know about the CPI
lets see when that get out of the wayif the world wants to tango.

regards
  • #3,454
  • Jul 16, 2008 4:58am Jul 16, 2008 4:58am
from BBC World:
US regulator curbs short-selling

Bear Stearns is the biggest casualty of the credit crunch
The US regulator has passed an order to prevent some forms of "short-selling".
The rule will prevent traders from taking certain "short" positions in major financial companies, which some blame for the slump in share prices.
It will apply to US mortgage finance firms Fannie Mae and Freddie Mac, which have seen about half the value of their shares wiped out in the past week.

Crack down
The rule, which will come into effect on 21 July, is part of efforts by the Securities and Exchange Commission to crack down on suspected manipulation of market prices.

----
so they might not "nationalize" the big mortgage companies in the end. just stop the bleeding and give room to recover.
  • #3,455
  • Jul 16, 2008 5:04am Jul 16, 2008 5:04am
Quoting fti
scout report edited 3 posting up
hello fti and everyone

fti thankyou for music, it is appreciated please don't stop
today i see the cross pairs having all the action eg. gbp/jpy
i remember earlier in thread you talking about cross pairs tearing beware, but with so much learning i have forgotten exactly. please could you remind me.

i would also like to mention to you fti that this thread has been the best!!!
i have not had a loss in 3 weeks. mind you i have not had to do a rescue yet, but i think the mindset lessons have helped greatly.

i also feel that the general ambience of this thread and its wonderful contributors have helped .. thankyou all.

fti you have been having little digs at my part of the world (slow and sleepy)
well i think aussie dollar holding it's head high at moment and been very accommodating with swift skirmishes. (leigh may be called upon with that whip )

thankyou again

joy
  • #3,456
  • Edited 5:51am Jul 16, 2008 5:17am | Edited 5:51am
Quoting piccolo
from BBC World:
US regulator curbs short-selling

Bear Stearns is the biggest casualty of the credit crunch
The US regulator has passed an order to prevent some forms of "short-selling".
The rule will prevent traders from taking certain "short" positions in major financial companies, which some blame for the slump in share prices.
It will apply to US mortgage finance firms Fannie Mae and Freddie Mac, which have seen about half the value of their shares wiped out in the past week.

Crack down
The rule, which will come into effect on 21 July, is part of efforts by the Securities and Exchange Commission to crack down on suspected manipulation of market prices.

----
so they might not "nationalize" the big mortgage companies in the end. just stop the bleeding and give room to recover.
Hi picolo,
Wow, has it gotten that bad.
Looks like the systemic core may be damaged.

Its bad when they put the ball in th park for everyone to play . and when things gets hairy,
Change the rules of the game.
Esp stopping the game and taking back the ball.
Dangerous move , IMHO.

The cure may become worst than the disease.
There must be better ways.

regards
  • #3,457
  • Jul 16, 2008 5:31am Jul 16, 2008 5:31am
moving but slow n short ... pulled out all , day target achieved in half a day , now lookin forward for us open will go n have tea ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,458
  • Jul 16, 2008 6:04am Jul 16, 2008 6:04am
Quoting joypips
hello fti and everyone

fti thankyou for music, it is appreciated please don't stop
today i see the cross pairs having all the action eg. gbp/jpy
i remember earlier in thread you talking about cross pairs tearing beware, but with so much learning i have forgotten exactly. please could you remind me.

i would also like to mention to you fti that this thread has been the best!!!
i have not had a loss in 3 weeks. mind you i have not had to do a rescue yet, but i think the mindset lessons have helped greatly.

i also feel that the general ambience of this thread and its wonderful contributors have helped .. thankyou all.

fti you have been having little digs at my part of the world (slow and sleepy)
well i think aussie dollar holding it's head high at moment and been very accommodating with swift skirmishes. (leigh may be called upon with that whip )

thankyou again

joy
Hi joypips,

Thank you for your kind words.
I am glad to have helped.

You have the best of both worlds.huh
The easy living and exciting markets.
Australia, that where the King of USD/DMK migrated to after his second heart by-pass. Mukundan he was the best market maker I have had the good fortune to have rubbed shoulders with.He's now lazing around somewhere where you are.He told me that after what we had to endure, that place is like paradise.

But with the advent of internet retail forex, I don't know , he may be at it again. Old Habits die hard.

Trade well and hold steadfast to your development and Mo to sustain your winner's edge.

regards
  • #3,459
  • Jul 16, 2008 9:19am Jul 16, 2008 9:19am
Hi All,
Eur/usd 1.5865 support is very hard to crack.
and still attempting, outlook now very uncertain.
Best to be aside.
Stop order attempts may help, suspect if crack may be "fast markets"

other kingdom patterns do not support crack possibilities, for now.
stay vigilant.

regards

How are you doing? Lusan
  • #3,460
  • Jul 16, 2008 9:20am Jul 16, 2008 9:20am
Hi everyone,

Been at it now for over 6.5 hours and have only a handful of pips. Fti -- would not have those had it not been for you. Really feeling the dance since starting this thread. Thanks. Time for breakfast!

Rap
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