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Technical Analysis Fallacy

  • #4,061
  • Jul 28, 2008 8:52am Jul 28, 2008 8:52am
Quoting fti
now every body shout break, no shout no cheese cake !
Ok' you'll get the cake for now!
I was a little hesitating.

May be now we should shout: False break ????

Edited: ok - that cake is finally yours ...
  • #4,062
  • Jul 28, 2008 8:54am Jul 28, 2008 8:54am
Quoting fti
David,
your horse stuck at the gates , sorry
Yeah.

But G/U is volitile, it is no suprising to see it go down 50 pips to see 9860 again. Banked in some short E/U pips but out too early.
  • #4,063
  • Jul 28, 2008 8:54am Jul 28, 2008 8:54am
Quote
someones hitting on the queen. who leads now?
Will he get to take her to bed? oooh


lol, moral is not to mess with royalty...
  • #4,064
  • Jul 28, 2008 8:58am Jul 28, 2008 8:58am
I better keep my bias in check as I just want to jump up and down on both the e/u and g/u.
  • #4,065
  • Jul 28, 2008 9:00am Jul 28, 2008 9:00am
Quoting Green_David
Yeah.

But G/U is volitile, it is no suprising to see it go down 50 pips to see 9860 again. Banked in some short E/U pips but out too early.
Hope you left 1 in the water for the rest of the session.
  • #4,066
  • Jul 28, 2008 9:01am Jul 28, 2008 9:01am
Both G/U and E/U finished a bearish 1H chart. The USD bulls are coming.

Good luck.
  • #4,067
  • Jul 28, 2008 9:01am Jul 28, 2008 9:01am
Quoting MaMood
Ok' you'll get the cake for now!
I was a little hesitating.

May be now we should shout: False break ????
Hi
you mean back to CP , its just a jerk?\

Don't be too bull yet, funky chicken playing. after grass growing.
be careful, fomc still coming . playing range only.
probably sweeps on both ends.
  • #4,068
  • Jul 28, 2008 9:02am Jul 28, 2008 9:02am
Quoting Green_David
Both G/U and E/U finished a bearish 1H chart. The USD bulls are coming.

Good luck.
Thanks for the comfort.
  • #4,069
  • Jul 28, 2008 9:05am Jul 28, 2008 9:05am
Quoting MaMood
Ok' you'll get the cake for now!
I was a little hesitating.

May be now we should shout: False break ????

Edited: ok - that cake is finally yours ...

For a second, I thought so...but then I just gather my pips...there are some more..a rest at 5720 then go for the goal at 5700...Enjoy

PS.: I did not lose...I just changed my mind and gather dollars...it is great to be wrong sometimes
Empty as water and soft as a facing wind mountain
  • #4,070
  • Jul 28, 2008 9:06am Jul 28, 2008 9:06am
Quoting MaMood
Edited: ok - that cake is finally yours ...
its his allright...lol.
now look at the late comers comin in now that they've seen the pattern formed.

we've still got alot to learn from him fti and we can learn much as long as we keep that ego in check.
after 7 months im still learning.
  • #4,071
  • Jul 28, 2008 9:09am Jul 28, 2008 9:09am
Just for Info:


USD/JPY: Flow Data Reveals Sentiment Switch
Montag, 28. Juli 2008 16:04:00

New York, July 28th. Proprietary data from one of the global European banks reveals a sentiment shift underway, There was an influx of equity investment into the US last week, mainly out of the Eurozone, although there were light inflows from Japan, having had modest outflows the week before. According to their data, the heaviest Japanese outflow went into NOK, and then Asia ex- Japan.

Last night the MoF released weekly data for the week ended July 19th; Japanese investors were net buyers of Y172.3bn foreign bonds, vs selling net Y58.4bn the week before. The data reveals that once again it was the retail investors that drove the data (the so called Mr. & Mrs. Watanabe). Japanese investors also bought a net Y71.1bn foreign equities during the week, after buying Y12.9bn the previous week. Foreign investors bought net Y333.5bn Japanese bonds and sold net Y297.2bn in Japanese equities, continuing last week's activity when they bought Y528.2bn bonds and sold Y242.4bn stocks.

US equities are opening soft, off 0.3% so far, which is holding USD/JPY back, last at 107.72. Oversold hourly Bollingers 107.50/60; overbought 108.00/10. [i][email protected][/i]
  • #4,072
  • Jul 28, 2008 9:09am Jul 28, 2008 9:09am
Quoting jest1081
its his allright...lol.
now look at the late comers comin in now that they've seen the pattern formed.

we've still got alot to learn from him fti and we can learn much as long as we keep that ego in check.
after 7 months im still learning.
Hi Ya,
thanks jest,
You got my tails up.LOL
ok becare now , no chasing !
  • #4,073
  • Jul 28, 2008 9:11am Jul 28, 2008 9:11am
Quoting MaMood
Just for Info:


USD/JPY: Flow Data Reveals Sentiment Switch
Montag, 28. Juli 2008 16:04:00

New York, July 28th. Proprietary data from one of the global European banks reveals a sentiment shift underway, There was an influx of equity investment into the US last week, mainly out of the Eurozone, although there were light inflows from Japan, having had modest outflows the week before. According to their data, the heaviest Japanese outflow went into NOK, and then Asia ex- Japan.

Last night the MoF released weekly data for the week ended July 19th; Japanese investors were net buyers of Y172.3bn foreign bonds, vs selling net Y58.4bn the week before. The data reveals that once again it was the retail investors that drove the data (the so called Mr. & Mrs. Watanabe). Japanese investors also bought a net Y71.1bn foreign equities during the week, after buying Y12.9bn the previous week. Foreign investors bought net Y333.5bn Japanese bonds and sold net Y297.2bn in Japanese equities, continuing last week's activity when they bought Y528.2bn bonds and sold Y242.4bn stocks.

US equities are opening soft, off 0.3% so far, which is holding USD/JPY back, last at 107.72. Oversold hourly Bollingers 107.50/60; overbought 108.00/10. [i][email protected][/i]
Hi MaMood,
Alamak, why these news always comes late.
Haaya,

regards

Again. no chasing ! start feeling her.

OMG, David, your horse flies, out of the gates, are u still in?
  • #4,074
  • Jul 28, 2008 9:11am Jul 28, 2008 9:11am
Sure would like to add to this small scout.
watching g/u 9885 area.

One e/u scout left in @ 5717 to see what the rest of the day brings.
  • #4,075
  • Jul 28, 2008 9:12am Jul 28, 2008 9:12am
Quoting jest1081
its his allright...lol.
now look at the late comers comin in now that they've seen the pattern formed.

we've still got alot to learn from him fti and we can learn much as long as we keep that ego in check.
after 7 months im still learning.
You are so right!
Therefore I'm in here.
I'm lovin it ....
  • #4,076
  • Jul 28, 2008 9:14am Jul 28, 2008 9:14am
Quoting jest1081
its his allright...lol.
now look at the late comers comin in now that they've seen the pattern formed.

we've still got alot to learn from him fti and we can learn much as long as we keep that ego in check.
after 7 months im still learning.
Indeed...that is why I am looking for a job...this will take a while...so easy but so hard at the same time...so many different possibilities...

Gosh...we are so darn lucky to have fti showing us his dance...I do not know how to acknowledge his guidance...thanks...

Now...let see if this bull hold at 5720...if it does not I will eat 2 cakes...!
Empty as water and soft as a facing wind mountain
  • #4,077
  • Jul 28, 2008 9:16am Jul 28, 2008 9:16am
Quoting luSan
Indeed...that is why I am looking for a job...this will take a while...so easy but so hard at the same time...so many different possibilities...

Gosh...we are so darn lucky to have fti showing us his dance...I do not know how to acknowledge his guidance...thanks...

Now...let see if this bull hold at 5720...if it does not I will eat 2 cakes...!
Thanks for the songs.
Please be careful, you have little clock space left.
Don't b suckered.
Start winding ddown for fomc.
I am squared.
11:15 to 11:40 they will slow down for lunch,
again dont' be suckered into positions, no gambling please.
  • #4,078
  • Jul 28, 2008 9:35am Jul 28, 2008 9:35am
Quoting luSan
Indeed...that is why I am looking for a job...this will take a while...so easy but so hard at the same time...so many different possibilities...

Gosh...we are so darn lucky to have fti showing us his dance...I do not know how to acknowledge his guidance...thanks...

Now...let see if this bull hold at 5720...if it does not I will eat 2 cakes...!
Hi Lusan,

Hey friend, greed has no limits, be wise.

regards
  • #4,079
  • Jul 28, 2008 9:38am Jul 28, 2008 9:38am
yes lusan he's been a great guidance. I've always wanted to keep it in check but i think its about time i let the cat outta e bag, its been 4mths since i trade the method live (3 mths on demo), like i said compared to my total trading equity, the percntile increment in nothing but the trading account has nearly tripled itself from the day of its inception, its not a success story yet, but as long as we continually learn and practise im sure we will get there some day.

Good luck to all of you.
For those who has pmed me for a word version of fti's teaching, im sorry i din reply but if you guys want it, you guys have to do it the painful way. Read and collate and learn and practise. The earlier guys waited for days, sometimes weeks for fti to reveal each lessons, its only fair that you read the thread, if you really want to know it that bad. Else im fine if only the few thrade the method, it doesnt bother me a little.

tip : the gyst of the method can be summed up by the time you reach page 150. That doesnt mean you should give the rest a miss. All the best traders!

regards
jest
  • #4,080
  • Jul 28, 2008 9:41am Jul 28, 2008 9:41am
Quoting fti
Hi Lusan,

Hey friend, greed has no limits, be wise.

regards
I am square...But I guess I do not have eat the cakes...it is amazing to see how S/R behave as magnetic forces...I guess we are into a narrow range from 5720-5740...until a new event...
Empty as water and soft as a facing wind mountain
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