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Technical Analysis Fallacy

  • #8,301
  • Jun 30, 2009 8:10am Jun 30, 2009 8:10am
Short the G/$ at 1.6552. Pretty late on the entry but will see how far it goes now.
  • #8,302
  • Jun 30, 2009 8:12am Jun 30, 2009 8:12am
Quoting GEfx
Short the G/$ at 1.6552.
but selling breakout is dangerous mo, huh.
sometimes late is ok, not always.
don't make it habitual.
  • #8,303
  • Jun 30, 2009 8:20am Jun 30, 2009 8:20am
Quoting fti
but selling breakout is not so clever, huh.
sometimes late is ok, not always.
don't make it habitual.
Yes, way late on the entry but at least am in the game. My bad on entry.
Edit: Took 1/2 of position off and waiting to see what happens. Someone kick me in the a** for sleeping through the entry.
  • #8,304
  • Jun 30, 2009 8:20am Jun 30, 2009 8:20am
Great drop down
Attacks were as strong as she asked for
Army back home, tea time
  • #8,305
  • Edited 9:01am Jun 30, 2009 8:49am | Edited 9:01am
Am long the E/$ at 4081. Will kill this one if move does not come soon. Square on the G/$ trade now, too.
Edit: square on the E/$ 4071
  • #8,306
  • Jun 30, 2009 9:19am Jun 30, 2009 9:19am
raindrops falling on my head , lalala
all doin well I suppose ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,307
  • Jun 30, 2009 9:23am Jun 30, 2009 9:23am
Quoting maheswara
raindrops falling on my head , lalala
all doin well I suppose ...
except me la, just sitting and watching.
  • #8,308
  • Jun 30, 2009 9:43am Jun 30, 2009 9:43am
At range bottom now, stay nimble!

Army back home, tea time

Near LD close, I think I'd close my day as well. Great day for all !
  • #8,309
  • Jun 30, 2009 9:47am Jun 30, 2009 9:47am
Well I have hit 80% profit on my demo capital today. Another nine days and I will have managed to stay alive for three months. I should think I have barely scratched the surface of this MO yet, and have an awful lot to learn, but I feel I am getting somewhere at least.

I can't really get into pressing the attacks too strongly on my limited capital, so the early days will need a bit of luck, but I think I am going to go live again after 9th July.

If I've learnt anything here, it's been to watch the flow of the PA, keep out of trouble during big news items and don't get emotional over my positions. I had a terrible habit of trying to immediately recoup any losses I made when I went live last time, hopefully I have ironed that particular scorpion out. Patience is another thing I have learned over the last few months, and that's taken me 41 years!

I have no doubt that I would still be floundering around like a fool if I had not had the great fortune of stumbling across this thread last year. There is no way I can ever thank fti enough for that.

Also people like zoran and auxesis who have really helped me, through their posts. I'm moving to Chiang Mai from Bangkok in about a week, so a new start all round I hope. To paraphrase Churchill (I think), this isn't the end, or even the beginning of the end, but maybe the end of the beginning, for me, as far as my learning process goes.
  • #8,310
  • Jun 30, 2009 11:10am Jun 30, 2009 11:10am
Quoting ukmanthailan
Well I have hit 80% profit on my demo capital today. Another nine days and I will have managed to stay alive for three months. I should think I have barely scratched the surface of this MO yet, and have an awful lot to learn, but I feel I am getting somewhere at least.

I can't really get into pressing the attacks too strongly on my limited capital, so the early days will need a bit of luck, but I think I am going to go live again after 9th July.

If I've learnt anything here, it's been to watch the flow of the PA, keep out of trouble during...
Good fortune,ukmanthailan
  • #8,311
  • Jun 30, 2009 11:44am Jun 30, 2009 11:44am
staking out tonight sir ?
  • #8,312
  • Jun 30, 2009 11:52am Jun 30, 2009 11:52am
Quoting ukmanthailan
Well I have hit 80% profit on my demo capital today. Another nine days and I will have managed to stay alive for three months. I should think I have barely scratched the surface of this MO yet, and have an awful lot to learn, but I feel I am getting somewhere at least.

I can't really get into pressing the attacks too strongly on my limited capital, so the early days will need a bit of luck, but I think I am going to go live again after 9th July.

If I've learnt anything here, it's been to watch the flow of the PA, keep out of trouble during...
You are speaking all the right words bro! You will do fine. Impresive results on the Demo too. Give em hell.
FF = Forex Faggots
  • #8,313
  • Jun 30, 2009 8:56pm Jun 30, 2009 8:56pm
Anyone trading this range on the euro?
  • #8,314
  • Jun 30, 2009 8:59pm Jun 30, 2009 8:59pm
ukmanthailan,

Best wishes on your new journey.
  • #8,315
  • Jun 30, 2009 9:39pm Jun 30, 2009 9:39pm
Quoting auxesis
Anyone trading this range on the euro?
Which range? 1.4150 to 1.4000 , or this morning's 1.4000 to 1.4050?

This Asia morning, I did 2 attack. 1st attack was a success; 2nd attack was scared out for zero (with old Scout together) by the spike to 1.4020.

Now in stand by mood.

@ukmanthailan: Best wishes to your new account and new life adventure!
  • #8,316
  • Jun 30, 2009 9:43pm Jun 30, 2009 9:43pm
Quoting imjscn
Which range? 1.4150 to 1.4000 , or this morning's 1.4000 to 1.4050?

This Asia morning, I did 2 attack. 1st attack was a success; 2nd attack was scared out for zero (with old Scout together) by the spike to 1.4020.

Now in stand by mood.

@ukmanthailan: Best wishes to your new account and new life adventure!
Me likes the first 4150 to 4100.

Inserted Video
  • #8,317
  • Jun 30, 2009 9:52pm Jun 30, 2009 9:52pm
Quoting imjscn
Which range? 1.4150 to 1.4000 , or this morning's 1.4000 to 1.4050?

This Asia morning, I did 2 attack. 1st attack was a success; 2nd attack was scared out for zero (with old Scout together) by the spike to 1.4020.

Now in stand by mood.

@ukmanthailan: Best wishes to your new account and new life adventure!
You rode it down to the bottom, she's just pulled back to half channel, egt ready and lets see if she will make a run for the bottom again, perhaps we'll break it south?

edit: she's still running north
  • #8,318
  • Jun 30, 2009 10:20pm Jun 30, 2009 10:20pm
5 min and 15min volatility is decreasing, hourly is widely open for either direction. If go north, hourly can be seen as a double bottom. If go south, it can be a wave 3.
I'll stick to 5 min, just sent a short scout at 1.4027. If it turns to north, 1.4050 area can be a good handle for rescue.
let's see what's going to happen in a few hours.
  • #8,319
  • Jun 30, 2009 10:25pm Jun 30, 2009 10:25pm
Quoting imjscn
5 min and 15min volatility is decreasing, hourly is widely open for either direction. If go north, hourly can be seen as a double bottom. If go south, it can be a wave 3.
I'll stick to 5 min, just sent a short scout at 1.4027. If it turns to north, 1.4050 area can be a good handle for rescue.
let's see what's going to happen in a few hours.
Yep, looks like to me she's trying to turn south here @ 27, but we are getting in between Asian / London may be flat here for a while, I'll give it just a little longer here then pull the plug if nothing happens south.

Caught the initial shouth drop, was looking for a follow through,

regards
  • #8,320
  • Jun 30, 2009 10:32pm Jun 30, 2009 10:32pm
Asia recap:
Fed woman Yellen said zero rate could continue for years.
Some Fed men disagree. But not speak yet.

I remember that, several times, her speech made some volatility but quickly cool down. Considering she is a big dove, so, her opinion on low rate should not be a surprise.
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