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Technical Analysis Fallacy

  • #5,581
  • Aug 20, 2008 9:48am Aug 20, 2008 9:48am
Quoting auxesis
JMHO, but there's no sustained move thus far today, chances of breakout are getting fewer, guerrilla tactics needed dont overstay.
Although there was a nice little ride if you climbed on the bears back a little before ny session.
  • #5,582
  • Aug 20, 2008 9:52am Aug 20, 2008 9:52am
Quoting lilpip
Although there was a nice little ride if you climbed on the bears back a little before ny session.
Yep! And my bias is north, but thinking more now that we may range north as the day goes on, not shoot to the moon.
  • #5,583
  • Edited 10:10am Aug 20, 2008 9:52am | Edited 10:10am
Quoting auxesis
JMHO, but there's no sustained move thus far today, chances of breakout are getting fewer, guerrilla tactics needed dont overstay.
Hi auxesis,

Wrong strategy.
If you lose your position in such markets, you are unlikely to get it back and may be forced to chase.

regards

See now at lunch , when market sthins down, he comes at it again.
No matter the traps are in place, he is dead duck,
I don't know how much money he got, sure love to see his f face before he goes to jail.or bankruptcy court, which ever suits .
  • #5,584
  • Aug 20, 2008 9:56am Aug 20, 2008 9:56am
Quoting fti
Hi auxesis,

Wrong strategy.
If you lose your position in such markets, you are unlikely to get it back and may be forced to chase.

regards
north scout is in, although I was asleep for the deeper retrace so missed most of this mornings climb, looking for any pull back atm to add but may be inclined to leave the scout and do some hunting with the others
  • #5,585
  • Aug 20, 2008 10:00am Aug 20, 2008 10:00am
Come on baby rock me ...

Inserted Video
  • #5,586
  • Aug 20, 2008 10:07am Aug 20, 2008 10:07am
Fti and all...I am done for the day...Got my profit and this market is really odd...I will not give my money back today...maybe tomorrow

Fti...I am embarrased...I just returned to my old ways and I end the day so soon.

Till tomorrow,

Regards,
Empty as water and soft as a facing wind mountain
  • #5,587
  • Aug 20, 2008 10:25am Aug 20, 2008 10:25am
Hello all
thank you very much Fti for the first time I can get my money back no donation.
Regards
  • #5,588
  • Aug 20, 2008 10:37am Aug 20, 2008 10:37am
Hi ALL,
Now we know whose face it is.
I wonder how many agencies are assisting in these manipulative moves.

I am staying out of the market for some time . let them play.
I don't like manipulation and insider trading.
Someone should be in jail.

So no attack after lunch.
Lets see when they are going to war again.
Thats one way to revive the economy.LOL

regards
  • #5,589
  • Edited 11:32am Aug 20, 2008 10:46am | Edited 11:32am
Quoting fti
Hi ALL,
Now we know whose face it is.
I wonder how many agencies are assisting in these manipulative moves.

I am staying out of the market for some time . let them play.
I don't like manipulation and insider trading.
Someone should be in jail.

So no attack after lunch.
Lets see when they are going to war again.
Thats one way to revive the economy.LOL

regards
did I miss something? who is it?

edit: Ukraine?
  • #5,590
  • Aug 20, 2008 11:27am Aug 20, 2008 11:27am
Dear fti,

if I'm able to establish my successrate of the last two weeks in the future,
I promisse you, next year at the same time
I'll buy some worthy cigars (Cohiba or whatever),
take a first class ticket to Singapore,
just to meet you great guy,
shake your hands, say a million times "Thank you very much",
smoke one of this ciagrs with you
and fly back again.

By the way: I never smoked before - may be i have to take a night in a hotel with some well functioning water-closet, before I fly home again.
Sorry Zoran and LeighsWW - but ist has to be a cigar.

Wish you all the best!
Thank you so much fti!!!

MaMood
  • #5,591
  • Aug 20, 2008 12:01pm Aug 20, 2008 12:01pm
Quoting MaMood
Dear fti,

if I'm able to establish my successrate of the last two weeks in the future,
I promisse you, next year at the same time
I'll buy some worthy cigars (Cohiba or whatever),
take a first class ticket to Singapore,
just to meet you great guy,
shake your hands, say a million times "Thank you very much",
smoke one of this ciagrs with you
and fly back again.

By the way: I never smoked before - may be i have to take a night in a hotel with some well functioning water-closet, before I fly home again.
Sorry Zoran and LeighsWW - but ist has to be a cigar.

Wish you all the best!
Thank you so much fti!!!

MaMood
Hi! MaMood,

Please don't forget to let me know then , able to meet you two there just after max 3 hours drive!

regards,
  • #5,592
  • Aug 20, 2008 12:14pm Aug 20, 2008 12:14pm
Quoting MaMood
Dear fti,

if I'm able to establish my successrate of the last two weeks in the future,
I promisse you, next year at the same time
I'll buy some worthy cigars (Cohiba or whatever),
take a first class ticket to Singapore,
just to meet you great guy,
shake your hands, say a million times "Thank you very much",
smoke one of this ciagrs with you
and fly back again.

By the way: I never smoked before - may be i have to take a night in a hotel with some well functioning water-closet, before I fly home again.
Sorry Zoran and LeighsWW - but ist has to be a cigar.

Wish you all the best!
Thank you so much fti!!!

MaMood
Hi MaMood,

You're welcome.

Please trade carefully, and use your brains.
Also maybe print a copy of the thread and examine it carefully.

I am so tired with having to trade with manipulators so, I will take a break.

Good Fortune to ALL.
Don't rush, cuddle success with care.

regards
  • #5,593
  • Aug 20, 2008 6:20pm Aug 20, 2008 6:20pm
Sure acts like it wants to be a bear.
  • #5,594
  • Aug 20, 2008 6:52pm Aug 20, 2008 6:52pm
Quoting lilpip
Sure acts like it wants to be a bear.
It's been a yo-yo type day, witha lower low and the small charts are still short as price hasn't been able to make a new high. Lots of news coming out in the London and NY sessions, should get things stirring, be careful

regards
  • #5,595
  • Aug 20, 2008 7:19pm Aug 20, 2008 7:19pm
Quoting auxesis
It's been a yo-yo type day, witha lower low and the small charts are still short as price hasn't been able to make a new high. Lots of news coming out in the London and NY sessions, should get things stirring, be careful

regards
great rally yesterday, seems like someone did alot of covering yest?
  • #5,596
  • Aug 20, 2008 7:42pm Aug 20, 2008 7:42pm
Jest Howdy.

Keeping an eye on the charts here, Euro busted 65, looking for a pull back to slap on addl's, small charts are north again. Time to wax my yoyo strings
  • #5,597
  • Aug 20, 2008 8:44pm Aug 20, 2008 8:44pm
Quoting auxesis
Jest Howdy.

Keeping an eye on the charts here, Euro busted 65, looking for a pull back to slap on addl's, small charts are north again. Time to wax my yoyo strings
the daily charts dont look so pretty but the candles does suggest that we are seeing the buyers at current levels. im sticking to the plan. yesterday gave much offers. good day ronin!
  • #5,598
  • Aug 20, 2008 9:19pm Aug 20, 2008 9:19pm
Quoting auxesis
It's been a yo-yo type day, witha lower low and the small charts are still short as price hasn't been able to make a new high. Lots of news coming out in the London and NY sessions, should get things stirring, be careful

regards
I here ya squaring @ e/u 4780 and watching area, could be a little to soon though.
  • #5,599
  • Aug 20, 2008 11:53pm Aug 20, 2008 11:53pm
Hi there,

I'm rereading the thread from the beginning and found some snippet of fti, that we should remember - at least me:

"The trick is to hold very steadfast to the position allowing the snowball build on you, the maxim is to be able to take the punches first, once the rubber band swings back, whack them like theres no tomorrow, within your capacity and keep taking profits along the way untill the frenzy slows off
then square down for the next attack. Important thing is to know your limits, if you have been snooked out of step, once you you get the chance bail out, log stock and barrel. Try not to turn, if you do, you may become a pig."

You can read it in it's context here:
http://www.forexfactory.com/showpost...5&postcount=65
  • #5,600
  • Aug 21, 2008 12:01am Aug 21, 2008 12:01am
And one more.
Could be helpful today ....
Quote
About trends, don't think, ask her.
if she don't tell you, wait
be patient, it will show, it's not that she won't tell you.
She hints and hints , but if you don't get it
when she gets angry, she'll tell you straight, if you can catch it fine.
sometimes she don't wanna dance, she may jjust want a fling her and there,so wait.
otherwise, there are many fishes in the sea.
You can read it in it's context here:
http://www.forexfactory.com/showpost...3&postcount=67

Quote
regarding trends,
Quote
trends mean different things to different people.

the accepted defination of a trend is a persistent direction of move,
on an up trend the highs get higher and low stays higher,
conversely a down trend, when the low gets lower and the high stays lower.

no trends move in a straight line advance or decline.
within any major trend, there are minor trends, then there are intraday trend, hourly trends and so forth.
its your choice to decide which is within your scope to cope with.

For overnight positions, its only prudent to stay with the major trend, cos' no one knows when it will kick in.
for managed daylight you should always trade the dance.
a bad position in the 5 min plays can be made good in the hourly plays, and the latter can be made in 5 Hrsly and so forth.
It depends on your own stamina to cope.
Be aware that the overnight positions are only a fraction of the daylight management.

In your example we have been in daily uptrend mode, but I did highlighted that the CB was watching and preparing.
So even though it we are in a Eur uptrend , youmust be aware of the the players, esp CB.
If you look at your daily chart , you had 3 days warning of letargy and a final warning yesterday. Today a reversal is already in progress.
So during these times either you take bigger risk to go reversal or
just wait for clearer signs.
or trade the daylight trend.

moreover there are times where there are no trends.
or trends are slowing down, we call that topping or bottoming action.
If you trade trends only, do not feel that you have to have a position.
There are times when no position is a position.
If you traded trends only, probably 70% of the time you would be aside.

When we manage daylight trading, profits attained from that activity is normally used to enhance the cost of the at risk position.
Thats why I do not place stop loss, and by virtue of the overnight being only a fraction of daylight trading.
the Cost of the overnight is normally way off the charts.

regards

http://www.forexfactory.com/showpost...5&postcount=69
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