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Technical Analysis Fallacy

  • #3,821
  • Jul 23, 2008 12:10pm Jul 23, 2008 12:10pm
Quoting fti
Hi ALL,
Today's market is abit hard, got out with the skin of my teeth.

..........


regards
Hi,

It looks that today is the 1.57 a walled city....

Rgs,

Textor

PS: Here comes another attempt ...
  • #3,822
  • Jul 23, 2008 12:21pm Jul 23, 2008 12:21pm
Quoting textor
Hi,

It looks that today is the 1.57 a walled city....

Rgs,

Textor

PS: Here comes another attempt ...
yeah, textor , very walled.
look at the cable charts. Thats like waiting to turn. strong STG.
probably nothing happening today,
just wanted to if if we may hit USD stop buy orders .

Yesterday on strong bull run on the USD they didn't show.
If they don't show again, then gotta review charts for direction.

I am squared now , watching for opportunities. Too quiet.


regards
  • #3,823
  • Jul 23, 2008 12:35pm Jul 23, 2008 12:35pm
Hi,

I am a "visual guy", so it help me a lot when I see charts not only numbers....
I want to post my today session, perhaps it helps someone...
it is not a good example, I am very impatience, not always,
but very often.
My attacks are 1,2,2, there was not rescue in this session.

All critics/observations are welcome.

Rgs,

Textor
Attached Image (click to enlarge)
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  • #3,824
  • Jul 23, 2008 12:43pm Jul 23, 2008 12:43pm
Quoting textor
Hi,

I am a "visual guy", so it help me a lot when I see charts not only numbers....
I want to post my today session, perhaps it helps someone...
it is not a good example, I am very impatience, not always,
but very often.
My attacks are 1,2,2, there was not rescue in this session.

All critics are welcome.

Rgs,

Textor
Textor, thanks for posting the chart......... help me out please and fill in the entry and exit sizes on the run?????

regards,

a
Attached Image
  • #3,825
  • Jul 23, 2008 12:45pm Jul 23, 2008 12:45pm
Quoting fti
Hi ALL,
Today's market is abit hard, got out with the skin of my teeth.


regards
This is the start of usd bull move.
it's the FED's typical action to step in during major bank bankruptcys.
the overshooting and the good days has ended for the eur.
the cycle has turned down, We have seen some indicators of a slowdown in the eur economy the last two months.
I believe the pair is going south .

Regards
Enter Signature
  • #3,826
  • Jul 23, 2008 12:47pm Jul 23, 2008 12:47pm
Hi guys,

I'm done for the day.

Did some real money training in the US session. Tried to optimize my rescue timing. So I went short in USDJPY for several times and did my rescues. O.k. there were no big moves against me, so I got all troups home. But it was very informative because of my emotions and feelings.

I just want give you the advice to train rescueing with very small but real money. It feels very different then rescues on a demo account.
Fear, excitement and sometimes panic. It takes a lot of experience to keep cool and rational - at least for me.

So have a nive and successful evening, night or whatever.

Ciao,
MaMood
  • #3,827
  • Jul 23, 2008 12:51pm Jul 23, 2008 12:51pm
Quoting auxesis
Textor, thanks for posting the chart......... help me out please and fill in the entry and exit sizes on the run?????

regards,

a
Hi,

Thank you for your interest, questions from
other people help me to think about mistakes...

1st: very short attack, 1,2,2 and exit (yellow is entry, blue is exit)
Your #1: single entry and exit
Your #2: single entry and exit
Your #2?: single entry and exit
Your ?: single entry and exit, not square, exit
than, a new attack 1,2,2 failed, and three singles entry/exit

Today profit: 60 Pips but with many mistakes...

Rgs,

Textor
  • #3,828
  • Jul 23, 2008 12:53pm Jul 23, 2008 12:53pm
Quoting CHFJunkie
This is the start of usd bull move.
it's the FED's typical action to step in during major bank bankruptcys.
the overshooting and the good days has ended for the eur.
the cycle has turned down, We have seen some indicators of a slowdown in the eur economy the last two months.
I believe the pair is going south .

Regards
Be careful, I agree there's signs of the EU starting to show some rough edges, but the US has a big head start and the lead in the race to bankruptcy. Dollars very negative interest atm to boot.
  • #3,829
  • Jul 23, 2008 1:04pm Jul 23, 2008 1:04pm
Quoting textor
Hi,

Thank you for your interest, questions from
other people help me to think about mistakes...

1st: very short attack, 1,2,2 and exit (yellow is entry, blue is exit)
Your #1: single entry and exit
Your #2: single entry and exit
Your #2?: single entry and exit
Your ?: single entry and exit, not square, exit
than, a new attack 1,2,2 failed, and three singles entry/exit

Today profit: 60 Pips but with many mistakes...

Rgs,

Textor
Textor,

You made positive pips!

Even the best carpenter when he picks up a new hammer, doesn’t swing hard the first few swings, else he change his name to stubby. Confidence comes with experience, just my own thoughts but try to think like the ocean and the waves coming in with the tide, each wave picks up seashells and such on the pull back and deposits them farther up the beach, likewise try to time the market to drop some on the pushes and reload with size gained from the prior push on the pullbacks.

Fti, is the one who trains this methodology, hopefully he’ll chime in.

Markets trying to finish off todays move back in a bit.

a
  • #3,830
  • Jul 23, 2008 1:08pm Jul 23, 2008 1:08pm
Quoting auxesis
Be careful, I agree there's signs of the EU starting to show some rough edges, but the US has a big head start and the lead in the race to bankruptcy. Dollars very negative interest atm to boot.
and here comes the use of technical analysis to time the trades.
Enter Signature
  • #3,831
  • Jul 23, 2008 1:20pm Jul 23, 2008 1:20pm
Quoting CHFJunkie
and here comes the use of technical analysis to time the trades.
Yep. But the euro bull is very entrenched, and wont just roll over and play dead. There's some very key levels going south that have to break before the market starts to take notice in mass, imho. Just be careful on hanging your self out on the dollar her strenght is still fragile
  • #3,832
  • Jul 23, 2008 1:33pm Jul 23, 2008 1:33pm
very bullish the dollar. daily may be a key reversal already.
whats wrong with the Queen?

It does seems to me that the YEN is leading the trend right now.
Attached Image (click to enlarge)
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  • #3,833
  • Jul 23, 2008 1:33pm Jul 23, 2008 1:33pm
Quoting auxesis
Yep. But the euro bull is very entrenched, and wont just roll over and play dead. There's some very key levels going south that have to break before the market starts to take notice in mass, imho. Just be careful on hanging your self out on the dollar her strenght is still fragile
man, Im not saying I will go short blindly.
I'm just talking probabilities.
which means I will favor shorting opportunities whenever the market manifest them.
BTW, I learn't NOT to trust the market action for the next 2 seconds.
Always be guarded my friend.
Enter Signature
  • #3,834
  • Jul 23, 2008 1:38pm Jul 23, 2008 1:38pm
Quoting CHFJunkie
man, Im not saying I will go short blindly.
I'm just talking probabilities.
which means I will favor shorting opportunities whenever the market manifest them.
BTW, I learn't NOT to trust the market action for the next 2 seconds.
Always be guarded my friend.
CHFJunkie,

didn't mean to come off pushy, no disrespect intended, was just commenting my own thoughts..... Cheers mate!!!!

a
  • #3,835
  • Edited 3:57pm Jul 23, 2008 2:04pm | Edited 3:57pm
post removed by me.
  • #3,836
  • Jul 23, 2008 2:44pm Jul 23, 2008 2:44pm
Quoting auxesis
Textor,

You made positive pips!

Even the best carpenter when he picks up a new hammer, doesn’t swing hard the first few swings, else he change his name to stubby. Confidence comes with experience, just my own thoughts but try to think like the ocean and the waves coming in with the tide, each wave picks up seashells and such on the pull back and deposits them farther up the beach, likewise try to time the market to drop some on the pushes and reload with size gained from the prior push on the pullbacks.

Fti, is the one who trains this methodology, hopefully he’ll chime in.

Markets trying to finish off todays move back in a bit.

a
Hi,
couldn't comment much.
I haven;t a clue on the methodology here.
Looks a little like Lusan's MO, probably scalping swings.

However , he made good pips.
The ability to buy lows , suggest that this is demo trading.
Unlikely to be doable in realtime trading.
Looks more like Market-maker blotter.

regards
  • #3,837
  • Jul 23, 2008 2:49pm Jul 23, 2008 2:49pm
Quoting seeit
To the majority here that are thankful for the attention and teachings , they abide by the few, simple requests made of us.
---Do not call fti ...Sir...
---Do not pursue his identity.
---Do not give opinions.???????
---respect that others might enjoy life's vises. The one mother we had, has left.

Hi,
Whats that about. Who asked for that?
If no one gave any opnions here I would have to chatty with my lonesome day in and day out.

children gets orphaned almost every day everywhere,
Please don't cry.
  • #3,838
  • Jul 23, 2008 3:15pm Jul 23, 2008 3:15pm
Hi ALL,
OMG, this looks like a cemetery to me.
Talk about manipulation.

Something's fishy.
Don't you think?

regards
Attached Image (click to enlarge)
Click to Enlarge Name: cemetery.jpg Size: 154 KB
  • #3,839
  • Edited 4:04pm Jul 23, 2008 3:23pm | Edited 4:04pm
Quoting fti
People, no opinions,
ONLY facts and figs please. + news
Try not to encourage bad habits and distractions.

Focus, if distraction needed try this..
http://www.youtube.com/watch?v=3wmIrAFKLs0

rescue level 3 deployed

I realize you mean during trading. I will not interfere anymore.
  • #3,840
  • Edited 5:14pm Jul 23, 2008 4:22pm | Edited 5:14pm
Quoting seeit
respect that others might enjoy life's vises. The one mother we had, has left
Quoting fti
children gets orphaned almost every day everywhere,
Hmmmm, I am very disappointed that this is how you have seen my leaving this thread. I have nothing more of value to contribute here, so any posting that I would have made would have just been unnecessary reading for those who already have to catch up to the pages.

fti ... I am sorry if you feel betrayed by my developing my own style dancing and spreadsheet system. If you read my journal, you would understand. Please remember that it was you who had approached me to want to train me. I only PM'd you initially to give you your posts that were removed from the forums. When you first wanted to train me, I had initially told you that I was committed to following feb's method. You asked me to be "open minded" and said that you could still enhance some other areas of my learning, so I (with my hubby's encouragement) decided to take you up on your offer, thus I accepted humbly and appreciatively and was honored to have you teach me what you feel I should learn.

Originally, you weren't sure you wanted to post again to the forums, cuz they had banned you and probably didn't deserve your knowledge, but I encouraged you to share what I was learning with others here on the forum, because of several reasons:

1) I felt you were unjustly judged previously and could be redeemed and receive the just praises you deserve
2) Didn't want to keep you to myself when so many others could benefit by your wealth of knowledge
3) It was hard to get David on the chats we were having, and I didn't want him to be left out, since he was also supportive and understanding of you, from what happened at feb's thread. He stuck by you, as much as me.

If you do not remember this, I have my emails I can forward you, if you need reference to where what I say is true.

fti, as you know, I am a person who comes to people's defense when I feel they were treated unjustly. Well, I also come to my own defense when I feel I have been unjustly misjudged/treated, as well. I feel that both statements above are a little unfair. But, that's just my opinion.

seeit ... if you see what I have created with my spreadsheet/system as a "vice," then you do not understand my spreadsheet/system. For that I am sorry you see what I am trying to do as a vice.

If anybody else feels abandoned and upset with me, then I am truly sorry that you feel this way, but there's nothing I can do about that. You must search your own hearts and conscience to see if you are justified in feeling this way about me.

Anyway, I have said enough. Just cuz I am not posting anymore, didn't mean that I wasn't reading this thread. I was still enjoying the convos.

Okay, I am done. My posts have always been too long anyway, lol.

You guys are having a lot of FUN, and that is good. fti, if you don't use the whip more, I am going to have to take it back , haha.

Take care all

P.S. I still do care a lot about all of you here very much and I will miss the bantering with you all, but please don't feel that I have "orphaned" you (that truly hurts)

P.P.S. fti ... please don't take out on others here, if you become upset with what I have said above. If you stop posting because of what I have said, then you need to take a look at your "egor," cuz nobody here is at fault for my actions, and they should not be punished for it. They are your loyal students, so make sure you don't take it out on them. I'm not saying you would, but knowing your temper, I couldn't be sure, so I had to make sure by saying this so that if you stop posting, you'd be shamed for letting your scorpion take control (haha, how's that for ensuring that you keep posting!)
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