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Technical Analysis Fallacy

  • #7,001
  • Jun 8, 2009 7:46am Jun 8, 2009 7:46am
Quoting maheswara
yeah but i don't see any major buying of euro yet ...so im still leaning on the short side , lets see if terrain changes with NY open ...
I was bullish on USD since last Wed. I mean, the direction is right ,but the timing may no be good.
  • #7,002
  • Jun 8, 2009 7:49am Jun 8, 2009 7:49am
So since no one answered, I ass u me that you don't know.

Many traders get caught, this way.

Here goes.

How to boil a frog live.
------------------------

Put frog in pot of cool water.
On the gas on small fire.
Turn on the heat SLOWLY, while allowing frog to accustom to new temperature.
By the 10 th increment of heating, the frog should be cooked, without a struggle.

make sense?

regards

B x 6 x13881 cut losses & squared.
  • #7,003
  • Jun 8, 2009 7:53am Jun 8, 2009 7:53am
Quoting fti
So since no one answered, I ass u me that you don't know.

Many traders get caught, this way.

Here goes.

How to boil a frog live.
------------------------

Put frog in pot of cool water.
On the gas on small fire.
Turn on the heat SLOWLY, while allowing frog to accustom to new temperature.
By the 10 th increment of heating, the frog should be cooked, without a struggle.

make sense?

regards

B x 6 x13881 cut losses & squared.
I know this story, tha't why I cut the loss @3921.
  • #7,004
  • Jun 8, 2009 7:55am Jun 8, 2009 7:55am
Thought I heard that frog story somewhere before....
  • #7,005
  • Jun 8, 2009 8:08am Jun 8, 2009 8:08am
Quoting fti
So since no one answered, I ass u me that you don't know.

Many traders get caught, this way.

Here goes.

How to boil a frog live.
------------------------

Put frog in pot of cool water.
On the gas on small fire.
Turn on the heat SLOWLY, while allowing frog to accustom to new temperature.
By the 10 th increment of heating, the frog should be cooked, without a struggle.

make sense?

regards

B x 6 x13881 cut losses & squared.
oh wow , nicely put ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #7,006
  • Jun 8, 2009 8:21am Jun 8, 2009 8:21am
fti, been reviewing your thread here and wanted to thank you for all the work you put in it. Some interesting ideas. Nice job.
  • #7,007
  • Jun 8, 2009 8:25am Jun 8, 2009 8:25am
How to survive the boiling frog scenario.
-------------------------------------------

Look up the pot to see, observe ABnormalities. (3 kingdoms)
Jump pot if feeling heat.Esp when trading against trend.
You can always get back into the pot, after checking whats happening.

For trading - feel to check heat, and dance the dance, focus and keep abreast of market pulse.( Baby sit position and be observant.) Do not be rigid, be nimble.

regards
  • #7,008
  • Jun 8, 2009 8:29am Jun 8, 2009 8:29am
Quoting GEfx
fti, been reviewing your thread here and wanted to thank you for all the work you put in it. Some interesting ideas. Nice job.
Thanks GEfx for your kind words.

Wish market was as kind to a rusty trader.
hehehe now applying ky.

regards
  • #7,009
  • Jun 8, 2009 8:32am Jun 8, 2009 8:32am
Quoting fti
How to survive the boiling frog scenario.
-------------------------------------------

Look up the pot to see, observe ABnormalities. (3 kingdoms)
Jump pot if feeling heat.Esp when trading against trend.
You can always get back into the pot, after checking whats happening.

For trading - feel to check heat, and dance the dance, focus and keep abreast of market pulse.( Baby sit position and be observant.) Do not be rigid, be nimble.

regards
Chief,
this is one of your best.
Regards,
Empty as water and soft as a facing wind mountain
  • #7,010
  • Jun 8, 2009 8:35am Jun 8, 2009 8:35am
Quoting luSan
Chief,
this is one of your best.
Regards,
I was just recapping, my retraining,while cutting loss.
gotta reset my mindset.
Battlestations !.

regards

Looks like we are in their sweep paths, must be getting thin volume waiting for either large orders or some fundememtals to move.
  • #7,011
  • Jun 8, 2009 8:38am Jun 8, 2009 8:38am
Quoting fti
Thanks GEfx for your kind words.

Wish market was as kind to a rusty trader.
hehehe now applying ky.

regards
Are you at Battlestations or getting ready to make love to the market? LOL

oops, hope that does not offend anyone.
  • #7,012
  • Jun 8, 2009 8:45am Jun 8, 2009 8:45am
Quoting fti
How to survive the boiling frog scenario.
-------------------------------------------

Look up the pot to see, observe ABnormalities. (3 kingdoms)
Jump pot if feeling heat.Esp when trading against trend.
You can always get back into the pot, after checking whats happening.

For trading - feel to check heat, and dance the dance, focus and keep abreast of market pulse.( Baby sit position and be observant.) Do not be rigid, be nimble.

regards
Quick question regarding the 3 kingdoms (I'm sorry if I'm changing topic):
Do you give each one of them the same attention? Or to rephrase: has each of them the same importance to you?
For example USD/JPY out of sync is the same as GBP/USD out of sync?
The reason I'm asking is the fact that each of the pairs has a different percent out of the daily flow on money, which would imply that they also have a different weight:
- EUR/USD: 40-45%
- GBP/USD: 20-25%
- USD/JPY: 10-15%
I tend to watch EUR/USD and GBP/USD and eventually the EUR/GBP cross when searching for direction on the EUR/USD. USD/JPY doesn't seem to move EUR/USD so much.
Do I make any sense?

Thank you,
Daniel
  • #7,013
  • Jun 8, 2009 8:47am Jun 8, 2009 8:47am
Quoting fti
I was just recapping, my retraining,while cutting loss.
gotta reset my mindset.
Battlestations !.

regards

Looks like we are in their sweep paths, must be getting thin volume waiting for either large orders or some fundememtals to move.
Maybe it was waiting to see how New York would open...
Any way,
I collected my chickens...
Nice profit...
I am out of here.
Got go to work.
Happy day to everyone.
Empty as water and soft as a facing wind mountain
  • #7,014
  • Jun 8, 2009 8:51am Jun 8, 2009 8:51am
Quoting GEfx
Are you at Battlestations or getting ready to make love to the market? LOL

oops, hope that does not offend anyone.
Ai Ya the ky is for soothing wound, la.
ok, ok change to aloe vera la.

regards
  • #7,015
  • Jun 8, 2009 8:56am Jun 8, 2009 8:56am
wat is 'ky' ?

scout rescued ... wonder if i shld be done for the day too...
To Live is the rarest thing in the world , Most people exist , that is all
  • #7,016
  • Jun 8, 2009 8:57am Jun 8, 2009 8:57am
Quoting drucarman
Quick question regarding the 3 kingdoms (I'm sorry if I'm changing topic):
Do you give each one of them the same attention? Or to rephrase: has each of them the same importance to you?
For example USD/JPY out of sync is the same as GBP/USD out of sync?
The reason I'm asking is the fact that each of the pairs has a different percent out of the daily flow on money, which would imply that they also have a different weight:
- EUR/USD: 40-45%
- GBP/USD: 20-25%
- USD/JPY: 10-15%
I tend to watch EUR/USD and GBP/USD and eventually the EUR/GBP cross...
They are all usd majors based against currencies,
So its the best gauge, on whats happening in the market.
All abnomalities will show.
And it should catch you attention, unless you were rigidly opinionated you must see it.no?

If you observed the adults, what can the child (derivatives crosses) tell you that the adult hasn't?

regards
  • #7,017
  • Jun 8, 2009 8:59am Jun 8, 2009 8:59am
Quoting maheswara
wat is 'ky' ?

scout rescued ... wonder if i shld be done for the day too...
http://en.wikipedia.org/wiki/K-Y_Jelly
  • #7,018
  • Jun 8, 2009 9:03am Jun 8, 2009 9:03am
S x gbp/usd 15913

S x eur/usd 13840
  • #7,019
  • Jun 8, 2009 9:04am Jun 8, 2009 9:04am
Quoting fti
They are all usd majors based against currencies,
So its the best gauge, on whats happening in the market.
All abnomalities will show.
And it should catch you attention, unless you were rigidly opinionated you must see it.no?

If you observed the adults, what can the child (derivatives crosses) tell you that the adult hasn't?

regards
I normally agree with you, it's just that sometimes EUR/GBP goes all crazy and moves the market quite a bit. It's not often but it happens. Maybe because I trade mostly during European session.
  • #7,020
  • Jun 8, 2009 9:04am Jun 8, 2009 9:04am
LOL,
To Live is the rarest thing in the world , Most people exist , that is all
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