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Technical Analysis Fallacy

  • #7,041
  • Jun 8, 2009 10:51am Jun 8, 2009 10:51am
Quoting Green_David
Hi, FTI:

It's OK. E/u is not going down now, maybe profit taking is functioning. 100 pips correction is nothing for 550 pips drop.

Maybe there will be good timing on tomorrow, if E/U bounced high and USD bulls think it is cheaper.
Hi David,
Sure, you can think of tom,
I got scouts in the field now, so I got to find a way to get them home. Slowly & Safely
regards
  • #7,042
  • Jun 8, 2009 11:08am Jun 8, 2009 11:08am
Quoting fti
Hi David,
Sure, you can think of tom,
I got scouts in the field now, so I got to find a way to get them home. Slowly & Safely
regards
The market is so quiet now. Better sleep and fight tomorrow.

See you fti.

Wish you will not over-stay till 4am.

Regards.
  • #7,043
  • Jun 8, 2009 12:03pm Jun 8, 2009 12:03pm
Quoting Green_David
The market is so quiet now. Better sleep and fight tomorrow.

See you fti.

Wish you will not over-stay till 4am.

Regards.
yeah, Goodnight David.
I still gotta figure out whats happening.
as well as wiggle the scouts free.

regards

Inserted Video
  • #7,044
  • Jun 8, 2009 12:07pm Jun 8, 2009 12:07pm
i got a small short position on cable too....but killed it and went for ice cream instead...feel much better now
  • #7,045
  • Jun 8, 2009 12:28pm Jun 8, 2009 12:28pm
careless whisper...wow this is a very nice version !!

never gonna dance again....got no rythm
  • #7,046
  • Jun 8, 2009 12:37pm Jun 8, 2009 12:37pm
In response to the original title of this thread i'd like to post a question:

In what ways can a mechanical engineer (40 hr/wk) go about developing or finding a system that would enable him to profit from Forex without the time invested by people who trade for a living?

Positive criticisms welcome.

Ahmed.
Time flies like an arrow; fruit flies like a banana.
  • #7,047
  • Jun 8, 2009 12:43pm Jun 8, 2009 12:43pm
Hi fti and friends,
There seems to be focus on the E/U here, and just wanted to add my 2 pips worth. fti, I agree with your trend analysis, but I am waiting for a test of 1.3950 to 1.4000 now. I fear that a bread above 1.3916 goes to 1.3946 to 1.3960. Not predicting anything, but just what I see on the charts. Best wishes with the scouts.
  • #7,048
  • Jun 8, 2009 12:45pm Jun 8, 2009 12:45pm
Quoting Bwana
In response to the original title of this thread i'd like to post a question:

In what ways can a mechanical engineer (40 hr/wk) go about developing or finding a system that would enable him to profit from Forex without the time invested by people who trade for a living?

Positive criticisms welcome.

Ahmed.
Send all your money to fti and let him do it for you. The odds are so against you doing this yourself without putting in the needed training that you should find something else to do. Sorry.
  • #7,049
  • Edited 1:40pm Jun 8, 2009 1:22pm | Edited 1:40pm
Quoting Bwana
In response to the original title of this thread i'd like to post a question:

In what ways can a mechanical engineer (40 hr/wk) go about developing or finding a system that would enable him to profit from Forex without the time invested by people who trade for a living?

Positive criticisms welcome.

Ahmed.
Hi Ahmed,

I suggest, you learn up whatever you can from the thread.
Then internalise it , and make it work for you.
When you have good, performance consistently, then maybe you may like to invest some time and money to see how far you can develop your robot.

This way , at least if the robot screws up, you can intervene to re program it.

I doubt, you can develop anything that you had not thoroughly mastered yourself.

But of course I had failed even with my trading abilities.
My weakness was in my ability to code although , I can create the flow chart that could incompass most of the components required. Couldn't teach the computer to think, was where I failed.
Moreover , the robot, this chaps got no emotions, it would kill my portfolio without batting an eye lash, and if it does that all I can do is kick it to death, and then , I would be the one paying for its parts that I break. Any how however you cut it, I would be the ultimate loser. Make any sense?


regards
  • #7,050
  • Edited 1:58pm Jun 8, 2009 1:25pm | Edited 1:58pm
Quoting GEfx
Hi fti and friends,
There seems to be focus on the E/U here, and just wanted to add my 2 pips worth. fti, I agree with your trend analysis, but I am waiting for a test of 1.3950 to 1.4000 now. I fear that a bread above 1.3916 goes to 1.3946 to 1.3960. Not predicting anything, but just what I see on the charts. Best wishes with the scouts.
yeah GEfx,
you may be right.
But why stop at 1.4000, abover 1.4000 is 1.4100, then above that is 1.4200. What I really like to know is what if 1.4000 is not breached , what would you do?

Remind me of a dealer I once had. Always talking levels, the one day he missed entering the market because it missed by a couple of pips. He explained to me that if it had filled.....,,,,,,,,,,,,,,,,,,,,,after a few incidents, I finally gave me the walking certificate, explaining that if only his levels were traded, I would had made him the Treasury manager instead.

Please do not mistaken that I am putting you down on good intensions and expectations. I have bias too sometimes. But mostly my market watching and strategic response takes precedence for proactive running battles. Really just wanted to get you thinking about you mode of thoughts. Think about it a little you may just realise the weakness in your way of thoughts. Hint: rigid, dynamics.

regards
  • #7,051
  • Jun 8, 2009 1:49pm Jun 8, 2009 1:49pm
sometimes our loses is just bad feng shui.....

yahoo article, man sues casino for bad feng shui (best part is the casino relented !!)

http://sg.news.yahoo.com/afp/2009053...t-beb1011.html

i am studying the feng shui of brokers now.......
  • #7,052
  • Jun 8, 2009 1:53pm Jun 8, 2009 1:53pm
Quoting aiyahmarklah
sometimes our loses is just bad feng shui.....

yahoo article, man sues casino for bad feng shui (best part is the casino relented !!)

http://sg.news.yahoo.com/afp/2009053...t-beb1011.html

i am studying the feng shui of brokers now.......
Hi aiyahmarklah,
yeah, and my scouts are in trouble because they didn't kiss my feet before being deployed. And I am supposed to be the superstitious chinaman.

regards
  • #7,053
  • Jun 8, 2009 2:07pm Jun 8, 2009 2:07pm
On the trading front, I sent in a mild rescue , but was taken down,lossed 20+ pips on that attempt.

Market form is quite clear to me now.the market is DEAD in sweep congestion. Whats worst is that the market is very thin and market makers are shading by wide spreads and showing decoy bids while shading offers wide.
The intact trend is to buy usd, I now have to formulate strategy to hang them up and cut chunks of their meat, once the market returns.

What is best practise for this? Working on it.

Bleed scouts bleed, take it like men of steel. While I prepare the KILL.


regards
  • #7,054
  • Jun 8, 2009 2:10pm Jun 8, 2009 2:10pm


I think this may start off a string of lawsuits.....

dear fti, what were you doing during the 97' financial crisis ? especially during hte attack on the thai baht ?

regards
  • #7,055
  • Jun 8, 2009 2:12pm Jun 8, 2009 2:12pm
Quoting aiyahmarklah


I think this may start off a string of lawsuits.....

dear fti, what were you doing during the 97' financial crisis ? especially during hte attack on the thai baht ?

regards
defending the ringgit, Why?
regards
  • #7,056
  • Jun 8, 2009 2:12pm Jun 8, 2009 2:12pm
Quoting fti
On the trading front, I sent in a mild rescue , but was taken down,lossed 20+ pips on that attempt.

Market form is quite clear to me now.the market is DEAD in sweep congestion. Whats worst is that the market is very thin and market makers are shading by wide spreads and showing decoy bids while shading offers wide.
The intact trend is to buy usd, I now have to formulate strategy to hang them up and cut chunks of their meat, once the market returns.

What is best practise for this? Working on it.

Bleed scouts bleed, take it like men of steel....
haiz shoe string margin, can't do it like you, I did reverse my cable position though.
  • #7,057
  • Jun 8, 2009 2:15pm Jun 8, 2009 2:15pm
Quoting fti
defending the ringgit, Why?
regards
defend the ringgit ? how to defend ? i thought it was the next most attacked currency ? until Dr M did something.....

in essence you are fighting a no hope battle right ?
  • #7,058
  • Jun 8, 2009 2:16pm Jun 8, 2009 2:16pm
Quoting aiyahmarklah
haiz shoe string margin, can't do it like you, I did reverse my cable position though.
Then you are trying to take on the beast without sufficient arsenals, Watch you MM. Your weak link in the chain.

regards
  • #7,059
  • Jun 8, 2009 2:18pm Jun 8, 2009 2:18pm
Quoting aiyahmarklah
defend the ringgit ? how to defend ? i thought it was the next most attacked currency ? until Dr M did something.....

in essence you are fighting a no hope battle right ?
If I had not done what I did, you would had seen 5+ to the dollar. Anyway thats OSA, so enough said.

regards
  • #7,060
  • Jun 8, 2009 2:20pm Jun 8, 2009 2:20pm
Quoting fti
Then you are trying to take on the beast without sufficient arsenals, Watch you MM. Your weak link in the chain.

regards
yes yes noted.
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