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Technical Analysis Fallacy

  • #8,121
  • Jun 25, 2009 7:20pm Jun 25, 2009 7:20pm
Oanda's charts can be behind but the box to open/close the trade should have the quote, that should not change if able to fill.

I have a different feed alpari or waterhouse(braco) going to check, don't trade Oanda's charts unless they are moving with your outside source, and always check the box.

Anyone buying euros?
  • #8,122
  • Jun 25, 2009 7:32pm Jun 25, 2009 7:32pm
Oanda is sometimes behind Alpari, but since I am mostly on 5min chart, and myself is not a fast hand, so, the lag is not an issue for me.

I woke up at 1.4000, Long scout in at 1.4010

1.4050 is suppose to be a level, so I'll wait to see where to attack.
  • #8,123
  • Jun 25, 2009 8:29pm Jun 25, 2009 8:29pm
from my experience, you only get slipped during fast markets. esp fig releases or when some botak is talking.

even my call in broker would dare not give me a quote during such periods and he would always say, "hurry hurry, 410, 415, 430, u wanna take?" lol!. stay away from trading during such times. i believe the pontiff has adviced us against trading during such period lots of times.

aux, yeah im on it.

cheers
  • #8,124
  • Jun 25, 2009 10:05pm Jun 25, 2009 10:05pm
Quoting j-pax
i noticed the lagging also.... use alpari charts now and trade on oanda.
yes oanda charts lag but the alpari/uk has many requotes and slow execution wich is way worse. i only traded oanda live but had many demo acount with others and oanda has fastest execution.

wich do you consider a fast "price feed" broker/mm. with demo account for my charting???
I use a local broker , dont think u can use that ...
I thought any mt4 broker will give an accurate feed ... not necessarily on execution though
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,125
  • Edited Jun 26, 2009 12:21am Jun 25, 2009 11:56pm | Edited Jun 26, 2009 12:21am
Dance kicks the bucket.
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  • #8,126
  • Jun 26, 2009 12:15am Jun 26, 2009 12:15am
Asia recap: Nothing serious. Right now we see a reversal bar, might be a Tokyo lunch time operation :-)
  • #8,127
  • Jun 26, 2009 12:27am Jun 26, 2009 12:27am
Quoting imjscn
Asia recap: Nothing serious. Right now we see a reversal bar, might be a Tokyo lunch time operation :-)
tokyo lunches at 11:00 sg time to 11:45 sg time , now is 1:27 sg time,,,,,,,,,,huh???

The market retreated like they met a ghost?
Now watch the cross boys scatter for the exit.
  • #8,128
  • Jun 26, 2009 12:29am Jun 26, 2009 12:29am
Quoting fti
Dance kicks the bucket.
http://www.youtube.com/watch?v=xKBLxh3u0tM
http://www.youtube.com/watch?v=KOnL5c8LMqM&fmt=18
http://www.youtube.com/watch?v=S5upJ1I_jDY&fmt=18
rip. im mourning today. no more encores.
  • #8,129
  • Jun 26, 2009 12:31am Jun 26, 2009 12:31am
I thought their lunch time is as flexible as mine

Anyway, the up bias is under question now.
  • #8,130
  • Jun 26, 2009 12:55am Jun 26, 2009 12:55am
Hi everyone,
Started with a scout about three hours ago long EUR/USD at 1.4037. Very mild attack to 1.4060. Scout still long. Mainly resting and playing music from the thread. Ready to change bias as it is Friday and could be some profit taking. Hope everyone has a good finish to the week. Ray
  • #8,131
  • Jun 26, 2009 2:46am Jun 26, 2009 2:46am
Good day to all.

Just a note to say thanks to all the contributors to this post and a great Kow Tow to FTI for the insights, time and huge efforts you given to this , you have a truly generous heart.
I’ve been reading the thread for 4 weeks now and have completely stopped live trading during this time, this has been a wakeup call, I am attempting to wipe my trading habits & bias clear and return to how I traded when I first started 20 years ago. It is not a simple task, but I feel everyday a small piece of rusting armor falls off and I have more freedom.

There is more to say but all in good time.

Once again thank you FTI.

And good trading to all the Ladies and Gentlemen here.
Change your Mind and you will Change your World
  • #8,132
  • Jun 26, 2009 3:05am Jun 26, 2009 3:05am
Quoting Sirlostalot
Good day to all.

[size=3][font=Calibri]Just a note to say thanks to all the contributors to this post and a great Kow Tow to FTI for the insights, time and huge efforts you given to this , you have a truly generous heart....
Thanks for the kind word.
With 20 years trading experience, it would be easy pisy for you to understand. Go get back on track and get your money back, carefully, sir lost a lot. And change your call sign to sir got my money back.

regards
  • #8,133
  • Jun 26, 2009 4:41am Jun 26, 2009 4:41am
seems like heli is doing much damage to the usd.

wonder what will happen when heli crashes.
ka boom, money flying everywhere.

and now to fill up my belly first.

cu ny
regards
  • #8,134
  • Jun 26, 2009 5:12am Jun 26, 2009 5:12am
It's strange... Chinese has been talking of another reserve currency for a long time. Why it pop up such a move today.
  • #8,135
  • Jun 26, 2009 6:06am Jun 26, 2009 6:06am
Quoting mbqb11
fti your posts are extremely refreshing


and exactly how my mentor taught me to view the market. Great to see you posting around here, hope to hear more

Thanks

Mike
Dear
Being an analysist i would like to suggest you to deal in a commodities. it will help u a lot
thanks

sajjad anjum
  • #8,136
  • Jun 26, 2009 6:30am Jun 26, 2009 6:30am
Dear
Being an analysist i would like to suggest you to deal in a commodities. it will help u a lot
thanks

sajjad anjum

http://www.forexfactory.com/images/misc/progress.gif

  • #8,137
  • Jun 26, 2009 7:15am Jun 26, 2009 7:15am
Hope all enjoyed the run up to 1.4100 EUR/USD. I am now squared. Relaxed and waiting to see if NY will continue that direction or goes the other way. Ray
  • #8,138
  • Jun 26, 2009 7:17am Jun 26, 2009 7:17am
Quoting imjscn
It's strange... Chinese has been talking of another reserve currency for a long time. Why it pop up such a move today.
Russians called for it, China calls for it, Dr M calls for it.
So what?
To create a fictional currency for international trade requires it to have integrity,exchangability and store of value. Find one overnight, you try.
But of course the usd's integrity has been on the table for sometime now.

regards
  • #8,139
  • Jun 26, 2009 7:23am Jun 26, 2009 7:23am
I'd add one more thing-- political stability
  • #8,140
  • Jun 26, 2009 7:39am Jun 26, 2009 7:39am
Quoting fti
Russians called for it, China calls for it, Dr M calls for it.
So what?
To create a fictional currency for international trade requires it to have integrity,exchangability and store of value. Find one overnight, you try.
But of course the usd's integrity has been on the table for sometime now.

regards
eh....bring back the gold standard ? I am betting on gold. hehehe
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