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Technical Analysis Fallacy

  • #9,101
  • Jul 28, 2009 9:14am Jul 28, 2009 9:14am
Quoting fti
be informed , this usd bull is very very strong.
noted.
feels someone is protecting 1.43 with all might
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,102
  • Jul 28, 2009 9:30am Jul 28, 2009 9:30am
Quoting fti
be informed , this usd bull is very very strong.+very
It certainly is! LuSan must be enjoying the ride down. Ray
  • #9,103
  • Jul 28, 2009 9:50am Jul 28, 2009 9:50am
OK, I stepped away for an hour and the dollar bulls seem to be in control. Been trading with dollar bull in mind all morning. Still seems, however, a little choppy. Back to focusing on the next trade.
Just saw fti's post, glad to see you trading today. Get on that big bulls back and ride it.
  • #9,104
  • Jul 28, 2009 10:02am Jul 28, 2009 10:02am
Quoting GEfx
OK, I stepped away for an hour and the dollar bulls seem to be in control. Been trading with dollar bull in mind all morning. Still seems, however, a little choppy. Back to focusing on the next trade.
Just saw fti's post, glad to see you trading today. Get on that big bulls back and ride it.
looks like I will be busy riding the bull for a few weeks. and of course I shall be resting sometimes.

Happy stampede gang.

regards
  • #9,105
  • Jul 28, 2009 10:32am Jul 28, 2009 10:32am
I am short the E/J again at 133.71 and protecting 25 pips. Everything is moving nicely now.

Edit: OK, I am going to protect 50 and if I get taken out I will look to re-enter. I have 132.96 as a point of interest but that is just a line in the sand, maybe.

Edit: I took 75 and am going to the sidelines to watch. Very exciting PA.
  • #9,106
  • Edited 1:19pm Jul 28, 2009 10:34am | Edited 1:19pm
scaled back attacks watching e/u 4125 area, also how 4106 area responds.

Theres a line Im trying to learn to balance and that is the evaluation of terrain and the making of plans from the evaluation.
and at the other end not being predictive.

How ever from this past weekends evaluation the plan was to square up in this area and look to build a long sword going the other way.
will see what the rest of the day or tomarrow brings although Im still hanging on to a small order from todays highs.
  • #9,107
  • Jul 28, 2009 10:48am Jul 28, 2009 10:48am
Now its time to really watch the PA on the E/J and E/$. Both have squared recent moves on the 1H charts and the PA can really go now (or not). The CAD has far to go and the G/$ has a bit further to go to square, but things have really moved nicely. Stay nimble.
  • #9,108
  • Jul 28, 2009 11:12am Jul 28, 2009 11:12am
Quoting 1234
It certainly is! LuSan must be enjoying the ride down. Ray
Correct. I am flat now...trip to NYC....cu all and happy ride.
Empty as water and soft as a facing wind mountain
  • #9,109
  • Jul 28, 2009 2:20pm Jul 28, 2009 2:20pm
Quoting fti
be informed , this usd bull is very very strong.+very

Hi fti,

are you relating to that "US Option guy" and his targets?

However, I wish you all good fortune!!!!

CU,
MaMood
  • #9,110
  • Jul 28, 2009 6:21pm Jul 28, 2009 6:21pm
Quoting luSan
Correct. I am flat now...trip to NYC....cu all and happy ride.
Lusan,
you had used this term wrongly many time.

flat = no profits and no losses.

if you have no positions the term to use is squared.

regards.
  • #9,111
  • Jul 28, 2009 6:25pm Jul 28, 2009 6:25pm
Quoting MaMood
Hi fti,

are you relating to that "US Option guy" and his targets?

However, I wish you all good fortune!!!!

CU,
MaMood
Hi MaMood,
I am speeking from my bias, and positions.

Look at the Euro chart. she informed the market twice, where she wants to go. And a lady won't keep telling you , unless she is determined to go for reasons only known to herself.

if you are dancing the markets you would had seen and felt her direction , she is saying very clearly. moreover this the begining of the big usd bull. If you cannot see it. how to tell you , the obvious.

Trade well.
regards
  • #9,112
  • Jul 28, 2009 6:50pm Jul 28, 2009 6:50pm
Just want to say hello to everyone, I have been a follower of this thread since close to the beginning, but havent contributed yet. The last few times I came around there were some very rude intruders that really took this thread off course in a very bad way. And I became slightly standoffish after watching so many original members become frustrated, and reverting to old methods, completely jumping ship. It got to a point where even reading this thread ruined my mindset for trading. But, I'm glad to see so many good people keeping this gem active, and moving in a positive direction!

While Im here, I wanted to say thanks to you FTI. I stumbled on this thread toward the start of my FX journey, and after almost 2 years am doing this as my full time "job". Too much fun to call job :-) Anyway, I always felt guilty that I took so much away from this thread without giving back at all, especially since FTI spent so much of his time dedicated to teaching us. Seems like a really good group here with Lusan, Mamood, Lilpip, Gefx, Mahes, joyips Dutchangel, 1234,imjscn,Zoran and Im sure others I just cant remember. Ive rambled on long enough, waged war today, if I dont go clear mindset I will feel invincible at tomorrow's session! Thanks again to you FTI for your selfless teaching and patience, this thread was/is the difference between success and failure for me.
  • #9,113
  • Jul 28, 2009 6:56pm Jul 28, 2009 6:56pm
Quoting btr5596
Just want to say hello to everyone, I have been a follower of this thread since close to the beginning, but havent contributed yet. The last few times I came around there were some very rude intruders that really took this thread off course in a very bad way. And I became slightly standoffish after watching so many original members become frustrated, and reverting to old methods, completely jumping ship. It got to a point where even reading this thread ruined my mindset for trading. But, I'm glad to see so many good people keeping this gem active,...
Well said.
  • #9,114
  • Edited 8:53pm Jul 28, 2009 7:13pm | Edited 8:53pm
Quoting fti
Lusan,
you had used this term wrongly many time.

flat = no profits and no losses.

if you have no positions the term to use is squared.

regards.
Sorry chief...
I just got back from NYC after 10 hours drive....
I will amend myself...
I was SQUARED!
Now I am riding an evening bull with my scout.
CU
Empty as water and soft as a facing wind mountain
  • #9,115
  • Jul 28, 2009 7:22pm Jul 28, 2009 7:22pm
Quoting btr5596
Just want to say hello to everyone, I have been a follower of this thread since close to the beginning, but havent contributed yet. The last few times I came around there were some very rude intruders that really took this thread off course in a very bad way. And I became slightly standoffish after watching so many original members become frustrated, and reverting to old methods, completely jumping ship. It got to a point where even reading this thread ruined my mindset for trading. But, I'm glad to see so many good people keeping this gem active,...
Welcome to fti's dance hall.
Empty as water and soft as a facing wind mountain
  • #9,116
  • Jul 28, 2009 7:51pm Jul 28, 2009 7:51pm
eyes open e/u 4190-95 area.
  • #9,117
  • Jul 28, 2009 8:59pm Jul 28, 2009 8:59pm
Quoting btr5596
Just want to say hello to everyone, I have been a follower of this thread since close to the beginning, but havent contributed yet.
While Im here, I wanted to say thanks to you FTI. I stumbled on this thread toward the start of my FX journey, and after almost 2 years am doing this as my full time "job". Too much fun to call job :-) Anyway, I always felt guilty that I took so much away from this thread without giving back at all, especially since FTI spent so much of his time dedicated to teaching us. Seems like a really good group here with Lusan,...
btr5596,
post or contribute when you can, nice haven ya.
  • #9,118
  • Jul 28, 2009 11:10pm Jul 28, 2009 11:10pm
anybody attacking the e/u ?
seems like a good oppurtunity.
  • #9,119
  • Jul 28, 2009 11:12pm Jul 28, 2009 11:12pm
Quoting lilpip
anybody attacking the e/u ?
seems like a good oppurtunity.
I am
  • #9,120
  • Edited Jul 29, 2009 1:35am Jul 28, 2009 11:21pm | Edited Jul 29, 2009 1:35am
Quoting teddybearhug
I am
s- 1x e/u 4193
2x90
4x87 and closed@ 69
back up to 82
sx3 @ 79 gotta get back to it.

attacks stopped for moment watching 55 area, portion taken off.

being a pig, scout in the other way and will be quick to kill it, still holding from 90 area.

scout killed @ 52.

eyes open e/u 4102-06.
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