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Technical Analysis Fallacy

  • #6,941
  • Jun 8, 2009 12:45am Jun 8, 2009 12:45am
Quoting indianguyinny24
Well i am the lowest per day guy avg here... i jsut made .15% not even 1%

I guess need some lessons on increasing scout size.... my winning are consistent the problem is the % size..

Must get some lessons from FTI...

V
Hi indianguyinny24,
A profit 's a Profit.

Never complain if yu are making money, only if you lose.
If you are consistently making money, You are already there. Risk reward ratio is always at play.
Consider the alternative.

regards
  • #6,942
  • Jun 8, 2009 12:48am Jun 8, 2009 12:48am
Was
Sx eur x 13985
Sx eur x 13988

Bx2 x eur 13969
now squared, waiting for London game.

regards
  • #6,943
  • Jun 8, 2009 12:53am Jun 8, 2009 12:53am
Quoting fti
Was
Sx eur x 13985
Sx eur x 13988

Bx2 x eur 13969
now squared, waiting for London game.

regards
I openned @3972, still waiting for 2am.
  • #6,944
  • Jun 8, 2009 1:24am Jun 8, 2009 1:24am
Hi All,
nothing much on the figures front. So looks like gonna technical game.
Lets Flow.

regards
  • #6,945
  • Jun 8, 2009 1:31am Jun 8, 2009 1:31am
Quoting fti
Hi All,
nothing much on the figures front. So looks like gonna technical game.
Lets Flow.

regards
OK，I am following you. closed short E/U, long scout in.
  • #6,946
  • Edited 2:07am Jun 8, 2009 1:48am | Edited 2:07am
Quoting Green_David
OK，I am following you. closed short E/U, long scout in.
EEEeee David,

I am selling Eur ,
I always talk from USD perspective, unless I am quoting positions.

BECAREFUL

regards

Anyways I am still Squared.
The London Boys are not in yet, don't feel their presence.
Or either that Dusseldorf & fft boys doesn't know what to do. That is from the paper orders perspective. Now polishing the gum, and patiently waiting.
  • #6,947
  • Jun 8, 2009 1:59am Jun 8, 2009 1:59am
Quoting fti
EEEeee David,

I am selling Eur ,
I always talk from USD perspective, unless I am quoting positions.

BECAREFUL

regards
OK. I just sold USD, bot EUR.

But, my talking way is consistent with the chart and easier.
  • #6,948
  • Jun 8, 2009 2:03am Jun 8, 2009 2:03am
Quoting fti
EEEeee David,

I am selling Eur ,
I always talk from USD perspective, unless I am quoting positions.

BECAREFUL

regards

Anyways I am still Squared.
The London Boys are not in yet, don't feel their presence.
Or either that Dusseldorf & fft boys doesn't know what to do. That is from the paper orders perspective. Now polishing the gun, and patiently waiting.

Hi, FTI:

Is EU the first leg formed in 5M?
  • #6,949
  • Jun 8, 2009 2:12am Jun 8, 2009 2:12am
Quoting Green_David
OK. I just sold USD, bot EUR.

But, my talking way is consistent with the chart and easier.
Hi David ,

One more time only.
I AM BUYING USD , selling EUR bias.
Scalped something earlier.
Now squared and waiting.
Trend is clearly USD buying, But is deep and in disrtibution now.
Waiting to see how strong the retracement can be, then just follow the flow.

regards
  • #6,950
  • Jun 8, 2009 2:15am Jun 8, 2009 2:15am
Quoting fti
Hi David ,

One more time only.
I AM BUYING USD , selling EUR bias.
Scalped something earlier.
Now squared and waiting.
Trend is clearly USD buying, But is deep and in disrtibution now.
Waiting to see how strong the retracement can be, then just follow the flow.

regards

OK. I cut the loss already with 20+ pips loss.
  • #6,951
  • Jun 8, 2009 2:35am Jun 8, 2009 2:35am
attack 1 done ,
looking out for attack 2 ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,952
  • Jun 8, 2009 2:44am Jun 8, 2009 2:44am
Quoting Green_David
OK. I cut the loss already with 20+ pips loss.
So sorry to you.
What made you think I was selling USD?

position scout S x eurusd x13921

not attacked yet, I'm a little rusty still.
Try to feel the flow, by yourself , pls do not follow anyone, even me. I am showing you my blotter, just to help you think of how my feel is, It is important thst you depend on your own feel.

regards
  • #6,953
  • Jun 8, 2009 2:56am Jun 8, 2009 2:56am
Quoting fti
So sorry to you.
What made you think I was selling USD?

position scout S x eurusd x13921

not attacked yet, I'm a little rusty still.
Try to feel the flow, by yourself , pls do not follow anyone, even me. I am showing you my blotter, just to help you think of how my feel is, It is important thst you depend on your own feel.

regards
. It's alright. The price I cut the loss is the exactly the same as yours. I openend another scout. The 5M uptrend is not established yet. Just a small gambling.
  • #6,954
  • Jun 8, 2009 2:59am Jun 8, 2009 2:59am
sir, a question if u might...

u mentioned that when u were in the bank , each of ur boy has their own specified timezone , does that mean ur department trade around the clock ?
does that apply to all banks currency departments ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,955
  • Jun 8, 2009 3:01am Jun 8, 2009 3:01am
B x eurusd x 13880 squared
  • #6,956
  • Jun 8, 2009 3:07am Jun 8, 2009 3:07am
Quoting maheswara
sir, a question if u might...

u mentioned that when u were in the bank , each of ur boy has their own specified timezone , does that mean ur department trade around the clock ?
does that apply to all banks currency departments ?
Hi maheswara,
All the dealing rooms , I managed were on 24hrs/5days.

No, not all banks are 24/5.
Most tier 1 were, some tier 2 kept skeleton dealing desk open, tier 3 are normally not, depending on the treasury manager and the helath of his books.

regards
  • #6,957
  • Jun 8, 2009 3:21am Jun 8, 2009 3:21am
Quoting fti
B x eurusd x 13880 squared
dear fti you squared at this price, is it because the coming figs release ? or is there something I didnt see ?
  • #6,958
  • Jun 8, 2009 3:21am Jun 8, 2009 3:21am
Look at the cable and yen.
This trend ride is gonna get tricky.
  • #6,959
  • Jun 8, 2009 3:25am Jun 8, 2009 3:25am
Quoting aiyahmarklah
dear fti you squared at this price, is it because the coming figs release ? or is there something I didnt see ?
Hi aiyahmarklah,
It is because I am just back and am a little cautious, as well as trying to build a little foreign capital first.Like I said I am a little rusty after a long holiday,and very careful while rebuilding book profitability.
I probably will be moreaggressive when the foreign cap builds up.

regards
  • #6,960
  • Jun 8, 2009 3:28am Jun 8, 2009 3:28am
noted ,thank you, was hold a similar position, when i saw u squaring, got worried for a while.
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