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Technical Analysis Fallacy

  • #7,141
  • Jun 9, 2009 6:25pm Jun 9, 2009 6:25pm
scout out 78
  • #7,142
  • Jun 9, 2009 7:16pm Jun 9, 2009 7:16pm
Quoting auxesis
GEFx,

No need to apologize, everyone has to trade them as they see fit, only you are responsible for your trades. The current low on the 240min is deep in comparison to the prior low. Does that spell anything? dont know? but it says to me either range sitting up between the low and prior high or a correction is possible. Correction not necessarily trend reversal, but the current direction seems south to me for the moment.

Let's make some money!

a
Hi Auxesis, yes I see the current 240 situation. For my trending eye, will need a third lower low to confirm a 240 down turn, and some deeper penetration below 1.3800, so until then I am going heavy long and light short. Good luck everyone.
  • #7,143
  • Jun 9, 2009 7:58pm Jun 9, 2009 7:58pm
Quoting GEfx
Hi Auxesis, yes I see the current 240 situation. For my trending eye, will need a third lower low to confirm a 240 down turn, and some deeper penetration below 1.3800, so until then I am going heavy long and light short. Good luck everyone.
GEFx,

This is more what catches my eye. The retracement is different than what we have seen.For me it raises a red flag. But technically yes, the lows have held, tis up to the euro bulls to see if they have the muster to take it north.

regards,
Attached Image (click to enlarge)
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  • #7,144
  • Jun 9, 2009 9:11pm Jun 9, 2009 9:11pm
Quoting auxesis
GEFx,

This is more what catches my eye. The retracement is different than what we have seen.For me it raises a red flag. But technically yes, the lows have held, tis up to the euro bulls to see if they have the muster to take it north.

regards,
Hi, ausesis:

How are you, Mr Humor?

Follow the flow.

Now it is difficult to tell the mid-term direction. Last two days e/u's increase could be a rebound(very strong, but still can be considered as a rebound) or a finish of deep correction of mid-term up-trend.

Regards.
  • #7,145
  • Jun 9, 2009 9:21pm Jun 9, 2009 9:21pm
David,

Mr Humor?

I really dont know if it will go up or down, it seems to be coiling at the moment between 4050 and 4100. Everyone has their own opinion, only time will tell us.

There's no right or wrong, just profit and loss.

regards,
  • #7,146
  • Jun 9, 2009 10:07pm Jun 9, 2009 10:07pm
Dear all new participants:

FTI is missing in action. Please read the whole thread from the beginning before you ask questions. The answers are all there.

I think what we shall shall learn from FTI now, is how to read market form / price behavior and combinaiton with his trading stretegy.

Sorry, if I am harsh.
  • #7,147
  • Jun 9, 2009 10:47pm Jun 9, 2009 10:47pm
Quoting Green_David
Dear all new participants:

FTI is missing in action. Please read the whole thread from the beginning before you ask questions. The answers are all there.

I think what we shall shall learn from FTI now, is how to read market form / price behavior and combinaiton with his trading stretegy.

Sorry, if I am harsh.
?????????
oh.........

This is public forum, IGNORE what all the old timers think should ignore, but never don't deprive others their RIGHT to ask questions, just as you (or FTI) have the RIGHT to IGNORE the questions if you find it a HINDRANCE.

You may want to start by saying that the first 200+ pages contains the meat ?

regards



-hello everybody good pips to all today
  • #7,148
  • Jun 9, 2009 11:05pm Jun 9, 2009 11:05pm
Wow... this thread..... It's very2 contain quality message.

Thank you for your post, I very like it when you say this:
Inserted Code
If I may borrow from the quotes of Sir Winston Chirchill. (Abraham Lincoln)
"That you can lie to some people all the time, all people some of the time, but not to all people, all the time."
Similarly, theses studies can work in some market conditions all the time, all market conditions some of the time, but not all market conditions all of the time."

I do hope FTI back to this forum again. Gonna miss him.
Just a monkey who love to dance and laugh. {Promotion Removed}
  • #7,149
  • Jun 10, 2009 12:42am Jun 10, 2009 12:42am
Quoting Green_David
Dear all new participants:

FTI is missing in action. Please read the whole thread from the beginning before you ask questions. The answers are all there.

I think what we shall shall learn from FTI now, is how to read market form / price behavior and combinaiton with his trading stretegy.

Sorry, if I am harsh.
Hi,
Sorry, was exhausted yesterday.
Showed up for work late, I will report to the supervisor.

http://www.thirdage.com/humor/the-ho...paign=thirdage
  • #7,150
  • Jun 10, 2009 12:45am Jun 10, 2009 12:45am
Quoting sanzaru
Wow... this thread..... It's very2 contain quality message.

Thank you for your post, I very like it when you say this:
Inserted Code
If I may borrow from the quotes of Sir Winston Chirchill. (Abraham Lincoln)
"That you can lie to some people all the time, all people some of the time, but not to all people, all the time."
Similarly, theses studies can work in some market conditions all the time, all market conditions some of the time, but not all market conditions all of the time."

I do hope FTI back to this forum again. Gonna miss...
Thank you,sanzaru,for your kind words.
I'm still around, energies are a little low, but still here.

regards
  • #7,151
  • Jun 10, 2009 12:53am Jun 10, 2009 12:53am
hello fti....

blame the weather on your energy level, its way to hot !!

damm i miss my cable long entry when rebooting the computer
  • #7,152
  • Jun 10, 2009 8:51am Jun 10, 2009 8:51am
Everyone seems so quiet.
  • #7,153
  • Jun 10, 2009 9:13am Jun 10, 2009 9:13am
Been very focused this morning on trading and caught the turn south on the EUR/USD around NY open, but that is all for today. Working hard for pips today. The turn down this morning squares the move up from yesterday morning. Hey auxesis, do you still think south? I still think north, but a deeper move south here could get me to join your thinking.

I hope everyone is trading well today or getting some needed rest. Hey fti, is the coffee fresh or have you switched to something stronger? LOL I am tired and will stand down for a while. Best regards to you all.
  • #7,154
  • Jun 10, 2009 9:53am Jun 10, 2009 9:53am
GEFx,

Still feels south to me, but we are kinda in no mans land atm, would like to see it get below 3930, but timing may not be right for much further push today, see what the lunch crowd has to say when they get back.

regards,
  • #7,155
  • Jun 10, 2009 10:37am Jun 10, 2009 10:37am
Quoting auxesis
GEFx,

Still feels south to me, but we are kinda in no mans land atm, would like to see it get below 3930, but timing may not be right for much further push today, see what the lunch crowd has to say when they get back.

regards,
Hi, Aux:

Me too. I also feels south on E/U. From the chart, since 3 June 1h and 4h, impulse waves are clear, i.e. south. The up-impulse is not as strong as down-impulse waves.

May FTI correct me.
  • #7,156
  • Jun 10, 2009 11:09am Jun 10, 2009 11:09am
Quoting auxesis
GEFx,

Still feels south to me, but we are kinda in no mans land atm, would like to see it get below 3930, but timing may not be right for much further push today, see what the lunch crowd has to say when they get back.

regards,
Just looked at the 4H chart and we now have a third lower high to confirm a down trend on the 4H, but will wait for deeper move to rethink things. Day is still very much up. From this point on, I will treat both north and south moves with equal importance (rather than light or strong). Follow the price action. I hope fti is resting his head on a mountain of cash, and for the moment I hope it is dollars and not euros. LOL
  • #7,157
  • Jun 10, 2009 11:11am Jun 10, 2009 11:11am
Quoting auxesis
Still feels south to me, but we are kinda in no mans land atm, would like to see it get below 3930, but timing may not be right for much further push today.

regards,
a,
I agree 100 % with you.
I just sold my bulls after 130 pips ride.
Let us see what comes tonight
Empty as water and soft as a facing wind mountain
  • #7,158
  • Jun 10, 2009 11:17am Jun 10, 2009 11:17am
looks like its going to be a long night....

London was like watching paint dry...hope the party carries on
  • #7,159
  • Jun 10, 2009 11:19am Jun 10, 2009 11:19am
Quoting luSan
a,
I agree 100 % with you.
I just sold my bulls after 130 pips ride.
Let us see what comes tonight
Good job.

Now you know the benefit of buy-and-hold? My G/U with 90 pips ,still holding over night. Attack positions were closed with 20~80 pips. E/u jumped in the middle (1.4007, with about 60 pips out).

Thanks FTI for teachng of nimbleness and how to read the pa.
  • #7,160
  • Jun 10, 2009 11:36am Jun 10, 2009 11:36am
Hi Friends,

nice to see such a lot of interesting postings in here.
Hope you are all doing well.

Am dancing with my lady with good success today.
Started my session with a short bias early before London opening and managed a flip ~1 hour after the London boys were in.
At the moment I'm very nimble because there could be a change in bias again soon. Depends how PA unfolds around 9840 area ...

Trade well!

MaMood
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