Technical Analysis Fallacy

Quoting Zoran

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Yes fti, I had pretty much given up already although since someone mentioned it and you did acknowledge it as a gift, I responded in that way. At one stage I was just going to suggest that you pack the book into your hospital bag and leave it at that but decided against it.

I think we can all appreciate that some things seem difficult to change so your vices are yours until your heart's content. I shall resist mentioning it again - I'll try really hard....

Very very late here now so must get to bed..... good night to all.

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Quoting fti

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Hi DutchAngel,

Sorry, Must have spoken badly.
I was asking MaMood, since he asked you about your mantra thingy.

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Quoting fti

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Yes, Lesson 3 is the last Chapter in my Forexangels, it is about how to put the rescue and attack thingy together in market making. and the way to incorporate the fundamental perspectives into the skew and sliding between the skews of the spiral within a spiral.
After posting it, I felt that it was more suited for dealing room purposes, so I didn't go there.
The relevant stuff, I had just given ad hoc , in the general discussions following.

Moreover to be able to do Blitzkrieg MO it requires massive capitalisation , quite OT for non corporation traders. More suited for big boys market makers.

Even myself is unable to use that MO due to capitalisation restrains, even now.

There's actually noting worthwhile to compile,
The Mindset aspects are covered in AOW,
The Money management aspect is a derivative from the fibo or arithematic spiral sequense.
And the rest is all your trader sense and market experience, esp in Chart Patterns Analysis.

Its only that the uninitiated will find the MM aspects very disorientating. esp the P&L snowballing. Without actual exposure practise it is difficult to accept/understand.


regards

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Quoting Zoran

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Still active at it? So your wife is young and still going for more? Well congratulations!

You know a work colleague of mine was born when his dad was in his 60's so if god gave us the ability - why not do it!?

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Quoting fti

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Hi DutchAngel,
With knowledge that the posting was not addressed to me. But i need to make a comparative comment. You Dad , he's wise.
If I was to relate what he said to trading, it would read:
If you are Bull, Buy,
If you are Bear , sell,
But don't go chasing the bulls and bears swings, and turn out to be a ...
Was he trader?

I don't see your posting as offensive, really, maybe "tough love" as Leighsww may put it. I think she may be upset with something. I don't know what. I hope she'll get over it quickly.

regards

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Quoting fti

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Hi ALL,
just thinking out loud. Feel free to chip in.

We know that some Jap investors are buying into USD thru their funds manager. Seem large as it is impacting the yen crosses.

[...]

regards

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Quoting Green_David

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Good morning FTI:

You got up so early today.

When I was in university learning something about western culture, I was told "don't ask a westerner questions about age, marriage status and income, since these are private". Am I wrong?

According to some study, 80% of information are expressed by emotional expressions, gestures, and way of speaking. On internet forums, we can't see the posters' facal expression, gestures etc., therefore mis-communications can happen quite often. Thanks for my poor English, I try to understand posts with good intention (bona fide?). When watching American movies, I heard a lot saying "Don't take it personal".

Yes, about three years ago, there was a overseas Chinese Nobel Laureate who was 82 and married a 28 years old Chinese gril (a post graduate student). And they got a baby about 2 years ago. The funny thing is, that professor claimed to the media that he checed the baby in the hospital, and confirmed that the baby IS his.

David

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Quoting hcong168

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Thanks for the reminder.

I have actually skimmed through this thread a few months back by concentrating ONLY on your postings but later I realised that the postings by fellow forumers also have good value. So now in my 2nd pass, post by post.

Crawling like a turlte...

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Quoting MaMood

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Good Morning guys!

Are you all still USD Bulls today?
I'm due to the development in USDJPY a Yen Bull so far.
Dancing USDJPY on the short side ..

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Quoting auxesis

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Yesterday Euro's making higher highs and lower lows driving everyone crazy, seems to be dollar bear going into London, but I dont know how long it will last.

sidelines atm.

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Quoting maheswara

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fti sir , now that you trade privately , do u use leveraging ?

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Quoting MaMood

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Hi fti,

I understand that you hesitate to present Blitzkrieg to us.
I'M thinking about that as follows:

Couldn't it be worthwhile just to know about that MO?
No to practice it, but to know its concept.
I compare our trading to chess. When you prepare for a tournament or a game of chess you are going to analyse your counterpart, his games in the past, his preferred openings, his strength and his shortcomings beforehand.
If he has a favorite way of developing his game, you should know about.
If you don't know about his tactics or may be strategies, it makes it a lot harder to beat him.

If Blitzkrieg is one the Marketmakers games we should know the game, because they are our oponents ...

Maybe you'll find somewhere down the road a few minutes to give us (at least) a short summary what Blitzkrieg is about.

Just my 2 cent ....

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Quoting fti

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[...]

Heard that FXCM may be using the MT4 platform. Surely would check that out as I like the MT4platform, even though , improvements are welcome.

[...]

regards

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Quoting fti

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Hi Zoran,

Please don't feel too bad about it.
I feel so honoured that you have taken so much trouble to help me kick the habit, less I kick the bucket instead.
It is my bad. You see old dogs are very hard to retrain.
I have left behind much habits that I enjoy, drinking till I poop thru the mouth,
painting the town red, casino gambling etc.......you get the idea.
Now I am confined to activities at family level, some camping (more like picnics), my music, my trading(recently again)and my last of the rocks, smoking . Everything , its getting less and less. If I gave up the smokes, I would surely become a saint.

Moreover, my condition, its ok mostly , then there are some really bad days.
But that is to be expected. They name it cronic for a reason, you know.

Anyways , what I am trying to say , is that I appreciate your effort.
So please don't hammer yourself over it. It is my bad.

regards

About the casino, I had to travel nearly 300 km to the nearest, when I was active. Now when I stop , they bring 2 giant casino , next door to my home. operational next year.What temptations? I am being tested again.LOL

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Quoting MaMood

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I found that this morning.
May be there are some relations to the recent situation ...


USD/JPY, EUR/JPY: Off Lows On Denial Of Temasek Rumors
Freitag, 25. Juli 2008 07:39:00

Tokyo, July 25. It seems some players sold USD/JPY and EUR/JPY on rumors circulating in Asia earlier of large losses at Singapore"s Temasek, mostly on holdings in financial sector companies including Citi, Merrill Lynch and Barclays Capital. The talk was that the Singaporean sovereign fund lost upwards of $10 bln.
This is interesting,
The rumors look to have been initiated by a report that Temasek sold out of 50% of its holdings in Merrill Lynch. Reuters reported a short while ago that Temasek denied any changes in its Merrill portfolio, noting that its holdings in the US investment bank had not changed since March. This looks to have put a bid back in under USD/JPY and EUR/JPY. USD/JPY earlier fell to as low as 106.76 and the cross to 167.62. USD/JPY currently trades 106.81/83 and EUR/JPY 167.70/75. Weak stock markets and sentiment favoring the paring of more JPY shorts looks to maintain downward pressure on these and other JPY pairs however.
And from here onwards, the author loses all credibility, for me. Usual bullshit, trying to sound intelligent.Probably from a reporter, who know next to nuts about markets.
An USD/JPY close below its 200-day moving average at around 106.92 would be extremely bearish as would an EUR/JPY close below 167.65 and especially 167.00, the 50% and 61.8% Fibo retracements of the move up from 165.33 to 169.97 seen between July 16-23. [i][email protected][/i]

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Quoting MaMood

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Hi fti,

I'm on MT4 with a swiss broker as well. Not probs so far.

If you are doing your trades on MT4 in the furture, I can give you some nice tools. For example some scripts to do your orders by hotkeys without that clumsy and slow order forms. Some little "Indicator" that shows your the BreakEven on the screen for all open positions. And some other nice helpers ....

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Quoting fti

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Thanks MaMood, for the info

regards

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Quoting fti

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Hi MaMood,
Sure , that would be nice.
But I thought that scripts , are broker dependent and doesn't work with all broker MT4 platforms.

No it's working with all MT4 brokers.
All MT4 plattform are allmost similiar and broker undependent.
Broker only inluences spread, swap, minmal SL distance and so on ...

There are some MT4 users here, I think.
If suits, you could post them for their peruse.

OK, I have to think about it - good idea.
Hestitating a little, because of supporting this tools for a lot of people may blast my time ressources ...
But we will see. May be I'll give it away as "as is standard" without the possibility of change requests ...
regards

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Quoting fti

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Looks like USD Bulls are lurking, no, on the thread, in the markets,
Seeing any?

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Quoting MaMood

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Next time I'll delete the bullshit part before publishing it here

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