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Technical Analysis Fallacy

  • #4,121
  • Jul 28, 2008 1:43pm Jul 28, 2008 1:43pm
Does anyone have any feedback about fxspider and the API system ?
My concern is there new.
  • #4,122
  • Jul 28, 2008 1:45pm Jul 28, 2008 1:45pm
By the way:
Brought out a small rescue:

S x 2 x USDJPY x 107.58
B x 2 x USDJPY x 107.50

Scout is still in. av. 107.51
  • #4,123
  • Jul 28, 2008 1:46pm Jul 28, 2008 1:46pm
Quoting MaMood
Paulson is speaking ....

all about covered bonds, mortgage financing ...
much obliged for info.
regards
  • #4,124
  • Jul 28, 2008 1:48pm Jul 28, 2008 1:48pm
Have to take scout out at 107.49 - My wife is calling ....

Wish you all nerves/balls out of steel and good success.
Will be back tommorrow.

CU.

p.s. @ fti: Sorry - got no info if CBs in the market or not.
  • #4,125
  • Jul 28, 2008 1:54pm Jul 28, 2008 1:54pm
Quoting MaMood
Have to take scout out at 107.49 - My wife is calling ....

Wish you all nerves/balls out of steel and good success.
Will be back tommorrow.

CU.

p.s. @ fti: Sorry - got no info if CBs in the market or not.
Noted, MaMood,
Goodnight.
Thanks for infos & trying.
  • #4,126
  • Jul 28, 2008 1:56pm Jul 28, 2008 1:56pm
Hi ,
will be going into twinlight zone in 30 mins time.

position recap 1 scout in market Short USd.
  • #4,127
  • Jul 28, 2008 1:56pm Jul 28, 2008 1:56pm
Quoting MaMood
By the way:
Brought out a small rescue:

S x 2 x USDJPY x 107.58
B x 2 x USDJPY x 107.50

Scout is still in. av. 107.51
I'm with ya on your buy but I'm paying close attention to that 107.35 area.
Personally I'd hate to have to get into rescue work beyond that at this point in time.
  • #4,128
  • Jul 28, 2008 2:04pm Jul 28, 2008 2:04pm
Quoting lilpip
I'm with ya on your buy but I'm paying close attention to that 107.35 area.
Personally I'd hate to have to get into rescue work beyond that at this point in time.
Hi lilpip,
Long drawn out ,Balls breaking fights is part of Trader's job descriptions.
Of course the easy way out is tp position trade , and that can be expensive.
I GOTTA PROTECT MY BOOK.
sort of BS, cause net to day I'm up in pips, actualy good pips already.
just wanna fight. LOL my scorpion.
regards.


standing by rescue level 1
gut feel is probably when wellington comes in in 2 hours time.
but anything can happen,
prepare for volitile fight.

the alternative for those who do not want to waste energy, go to hourly charts.

Hourly game strategy is to hold the one scout.
put stop loss order just under 15700
then pray and go to bed.
Its a small exposure so , you probably won't lose sleep over it.
Then re-startegise when you wake up later.
  • #4,129
  • Edited 2:26pm Jul 28, 2008 2:15pm | Edited 2:26pm
Quoting fti
Hi lilpip,
Long drawn out ,Balls breaking fights is part of Trader's job descriptions.
Of course the easy way out is tp position trade , and that can be expensive.
I GOTTA PROTECT MY BOOK.
sort of BS, cause net to day I'm up in pips, actualy good pips already.
just wanna fight. LOL my scorpion.
regards.


standing by rescue level 1
gut feel is probably when wellington comes in in 2 hours time.
but anything can happen,
prepare for volitile fight.
Thats the attitude I'm striving for, the problem with a babe is there still growing and oh so tender.
I need some calluses.

I learned a bit today and did ok but not good enough . There was more to be acquired and my attack on the e/u was pathetic.
  • #4,130
  • Edited 2:28pm Jul 28, 2008 2:17pm | Edited 2:28pm
Hi,
fir me the siege continues.
Oh where's my pot of coffee?

Inserted Video
  • #4,131
  • Jul 28, 2008 2:27pm Jul 28, 2008 2:27pm
Quoting fti
Hi,
fir me the siege continues.
Oh where's my pot of coffee?
This is the first time for me looking at the market so late. I find out you like to trade NY session. Do you trade during early Asia session?
  • #4,132
  • Edited 3:22pm Jul 28, 2008 2:36pm | Edited 3:22pm
Quoting Green_David
This is the first time for me looking at the market so late. I find out you like to trade NY session. Do you trade during early Asia session?
Hi David,
not much, but I will , if I have to,
Like now, I am wondering whats wrong , They cannot hold up the USD like this , they wanna challenge me I'll be there.
All info that came out would have killed the USD.
Whats with the market, there are invisible hands, and I;m gonna get to the bottom of this, Sorry my scorpion.

regards

Most traders would have just sq out, then probably miss the opportunity. to position .
I think thats their plan. This feeling is not gonna allow me to sleep, so might as well attack her when the opportunity comes, but no one need torture yourself over it.
Its not about money for me ,
Its about resilience.
Lets see, if I still have it.LOL



What you are seeing is twinlight zone sweeps, they are normally baseless.
thats why close stoplosses, will be sweeped if you are day chart traders.
This is also good lesson , for those trading day charts and keeping close stop loss orders. they normally get them.
  • #4,133
  • Jul 28, 2008 2:54pm Jul 28, 2008 2:54pm
I'm sure you still have it and then some.
Just like to see ya tomarrow bright eyed and all.

I'd like to ad from the previous post that the reason I wouldn't want to do any rescues beyond that point today is because I don't feel that I know the terrain as well as what was dealt the last couple sessions, I wasn't ready to battle beyond that point at least for now.
  • #4,134
  • Jul 28, 2008 2:56pm Jul 28, 2008 2:56pm
Glad to see others are still at it. Attacked the G/U and U/CAD today for a few pips, but things are slow, like watching paint dry. Market felt wierd today...perhaps a lack of FA action. Talked to a friend at the CME about possible CB action, but no confirmation. Time to cut my lawn. Take care and trade well.

Rap
  • #4,135
  • Edited 3:22pm Jul 28, 2008 2:57pm | Edited 3:22pm
Bot x2 xeurusd x1.5743
rescue deployed

Inserted Video


LOL Zoran would love this video
  • #4,136
  • Jul 28, 2008 3:24pm Jul 28, 2008 3:24pm
Quoting lilpip
I'm sure you still have it and then some.
Just like to see ya tomarrow bright eyed and all.

I'd like to ad from the previous post that the reason I wouldn't want to do any rescues beyond that point today is because I don't feel that I know the terrain as well as what was dealt the last couple sessions, I wasn't ready to battle beyond that point at least for now.
Ok cu,
rest well

regards
  • #4,137
  • Edited 3:53pm Jul 28, 2008 3:30pm | Edited 3:53pm
Quoting rapaduski1
Glad to see others are still at it. Attacked the G/U and U/CAD today for a few pips, but things are slow, like watching paint dry. Market felt wierd today...perhaps a lack of FA action. Talked to a friend at the CME about possible CB action, but no confirmation. Time to cut my lawn. Take care and trade well.

Rap
Hi,
If they we in the market , would have heard by now.
Checking to see if proxy was used.

anyway , thats not important now.
I m just collecting cheap Euros.
It would be interesting to see how tokyo wants to play this out.
they are the one who were doing he yen crosses , remember.

anyway nothing gonna happen until wellington comes in
probably 1:30 minutes from now. Prrobably 15735/55 range.


just rest , if you have no positions , can check back near tokyo, may be interesting.

Oh By the way, CME locals see very little of the interbank game, except for spill over papers.


regards

Hey those of you , whos tired ,please rest.
I am just trying to cost improve the long sword, just in case.
Anyway , I will post the trades so that you may have a glimpse of what was done.

orders placed
buy 1 x eurusd x 15737
sell 2 x eurusd x 15750
  • #4,138
  • Jul 28, 2008 4:13pm Jul 28, 2008 4:13pm
Hello FTI,

i really have to thank you for a wonderfull thread.


I just have one challenge .. whenever i start i reach till 20 page i feel busy and then again i come back i have to reread all 20 pages again.... seems like too muhc information...

do you have any pdf which we can read /print on the way or the only way is to read 300 pages...

if it is then i dont mind... but i thought i rather ask u if you can ans...

Thanks

V
  • #4,139
  • Edited 5:39pm Jul 28, 2008 5:24pm | Edited 5:39pm
Quoting indianguyinny24
Hello FTI,

i really have to thank you for a wonderfull thread.


I just have one challenge .. whenever i start i reach till 20 page i feel busy and then again i come back i have to reread all 20 pages again.... seems like too muhc information...

do you have any pdf which we can read /print on the way or the only way is to read 300 pages...

if it is then i dont mind... but i thought i rather ask u if you can ans...

Thanks

V
Hi indianguyinny24,
So sorry that there's no pdf to read , as this is actually a conversational thread, which I had try to present some training for uninitiated traders, on a different perspective to the markets.

If you had been reading to 20 pages , why don't you try to continue from where you left off, instead of rereading them again. Surely you must be very familiar with the materials in the first 20 pages already.

Actually as the thread proceeds and I try to revise some of what was inintially given, in real on the market lessons, this thread may exceed the current status.

In many ways, I am sorry that this has gotten so long. But really I do not know how else to discuss issues without posting on the thread thereby making it even longer.

But if you get to about page 170, you should almost have the fully picture of how I do my trades. Of course if you continued reading, there are some finer tweaks that you may learn from the hand held sessions.

regards
  • #4,140
  • Jul 28, 2008 5:42pm Jul 28, 2008 5:42pm
Bad one, I couldn't get the 15737 filled. Was close but no cigars.
Still trying, hopefully 15750 fills then the scout would have much better buffer to weather the storm.
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