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Technical Analysis Fallacy

  • #10,281
  • Sep 8, 2009 6:42am Sep 8, 2009 6:42am
Quoting fti
Hi ALL uas bears in complete command.
buy usd at you own peril.

regards
Thanks Fti, I put a scout in short EUR/USD at 1.4494 and have been adding a little to the position about 40 mins ago. All the best to people trading the NY session. Ray
  • #10,282
  • Sep 8, 2009 6:43am Sep 8, 2009 6:43am
Quoting auxesis
GEfx,

Nice trade, short scalping the action here at the top for a few.

gl

btw for all watching, so there's no confusion, this is not part of a dance, just trusted setups from past experience, regards
Most all scalps out.
  • #10,283
  • Sep 8, 2009 6:45am Sep 8, 2009 6:45am
Yours GBP, EUR.
  • #10,284
  • Sep 8, 2009 6:48am Sep 8, 2009 6:48am
Quoting fti
Hi ALL uas bears in complete command.
buy usd at you own peril.

regards
Thanks...I just saved my behind...now flat.
Back at the Tokyo casino
Empty as water and soft as a facing wind mountain
  • #10,285
  • Sep 8, 2009 6:50am Sep 8, 2009 6:50am
Quoting 012
Yours GBP, EUR.
I shorted Euro 4501/06, just closed out remainders 4464ish.

Again, it is not part of what FTI teaches.

Shouldn't have mentioned it.
  • #10,286
  • Sep 8, 2009 6:51am Sep 8, 2009 6:51am
Quoting auxesis
Trade your charts, you know where most punters place their stops. but the big boys will show you with their actions, don't try and guess where they are.

regards,
so it's good to understand who the big boys are (marketstructure) and look at my charts wich show their actions??? i will think about this... i have to work now.

thanks, pax
even with my eyes open i cannot see everything
  • #10,287
  • Sep 8, 2009 6:58am Sep 8, 2009 6:58am
Quoting j-pax
so it's good to understand who the big boys are (marketstructure) and look at my charts wich show their actions??? i will think about this... i have to work now.

thanks, pax
Pax,

Take everything you read in the orderflow thread and sit it on the shelf, and stick to Fti's teachings here in the thread, concentrate on following the flow on the charts and dancing with it. Don't worry about who and where, just which way now and when.

regards
  • #10,288
  • Sep 8, 2009 6:58am Sep 8, 2009 6:58am
May I ask what your SL was?

Quoting auxesis
I shorted Euro 4501/06, just closed out remainders 4464ish.

Again, it is not part of what FTI teaches.

Shouldn't have mentioned it.
  • #10,289
  • Sep 8, 2009 7:00am Sep 8, 2009 7:00am
Quoting auxesis
Pax,

Take everything you read in the orderflow thread and sit it on the shelf, and stick to Fti's teachings here in the thread, concentrate on following the flow on the charts and dancing with it. Don't worry about who and where, just which way now and when.

regards
Darn good advise...cheer.
Empty as water and soft as a facing wind mountain
  • #10,290
  • Sep 8, 2009 7:09am Sep 8, 2009 7:09am
Quoting artov
May I ask what your SL was?
artov,

I have a default catastrophic stop that I use that is well outside the market, it's there in case I fall over dead while trading, need to leave the account intact for the wifey to bury me with, in case the event.

But I don't use stops as you describe, it would be on feel and timing, either I was right and the market moved very quickly south where I could cover part and leave the rest to continue and paid for, or I would have killed it quick.

It was a reversal scalp against a major move, I'm not going to hang myself out to dry. I was not in the market long as the move made it's distance as I sleep this morning.

I will look to long Euro or Pound if I can see a nice pull back, here in a bit, but I have not established base to trade the move north from atm.

fwiw,
  • #10,291
  • Sep 8, 2009 7:15am Sep 8, 2009 7:15am
Sounds interesting. And what about the R:R ratio, do you prefer a certain R:R ratio or a minimum you'd like to have before closing the trade?

Quoting auxesis
artov,

I have a default...
  • #10,292
  • Sep 8, 2009 7:40am Sep 8, 2009 7:40am
Quoting artov
Sounds interesting. And what about the R:R ratio, do you prefer a certain R:R ratio or a minimum you'd like to have before closing the trade?
wrong thread friend...

edit
guessing that was the last leg for today ... cld be wrong too
anyway squaring out ,and c ya all tom
gnite
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,293
  • Sep 8, 2009 8:09am Sep 8, 2009 8:09am
Quoting maheswara
edit
guessing that was the last leg for today ... cld be wrong too
anyway squaring out ,and c ya all tom
gnite
$ bears maybe losing some steam, but I don.t see them unwinding an yet, too early.

see what happens
  • #10,294
  • Sep 8, 2009 9:48am Sep 8, 2009 9:48am
lets see what e/u 4522 area does as london leaves us.
  • #10,295
  • Sep 8, 2009 9:59am Sep 8, 2009 9:59am
Quoting lilpip
lets see what e/u 4522 area does as london leaves us.
We will probably see some type of consolidation range setup here at the top when the move is finished for this afternoon. there did not seem to be any type of mounted resistance at the 4500 level that pushed it back, just folks hitting either side of it... maybe some profit taking from this morning

for now, watch the bases if they continue to build north.

As Fti said earlier, The Bears are in full control at the moment, we will see later today and going into the Asian session later, their resolve for higher highs

my $.02
  • #10,296
  • Edited Sep 9, 2009 12:07am Sep 8, 2009 11:54pm | Edited Sep 9, 2009 12:07am
beware artificially caped cable
buying cable for yen in large.

other developments

"Americans would be fined up to $3,800 for failing to buy health insurance under a plan that circulated in Congress on Tuesday as divisions among Democrats undercut President Barack Obama's effort to regain traction on his health care overhaul."


soon it will be costly to leave butts unwiped as may escalate heath cost.

also create new jobs, for the need to have "donkey" inspectors.

what kind of moron. the shit hits the fan.
seems usd bears all the way for now.


regards
  • #10,297
  • Sep 9, 2009 12:11am Sep 9, 2009 12:11am
Quoting 012
been trying out the dbFX platform on demo.. any idea if its decent?
yes, deal book on platform is good, spreads norm.

only problem seems dbfx is not backed by banking services of Db.

regards
  • #10,298
  • Sep 9, 2009 12:20am Sep 9, 2009 12:20am
Quoting fti
"Americans would be fined up to $3,800 for failing to buy health insurance under a plan that circulated in Congress on Tuesday as divisions among Democrats undercut President Barack Obama's effort to regain traction on his health care overhaul."
regards

Hi fti...

Just been watching this very news on tele...seems big news around the world...
Interesting, as has been the norm for us Aussies to pay for health insurance or pay extra in taxes (called medicare levy)...don't understand the fuss really...don't think anyone else should pay for my healthcare and likewise (except for those truly disadvantaged....more than happy to pay my share)
  • #10,299
  • Sep 9, 2009 12:25am Sep 9, 2009 12:25am
Quoting joypips
Hi fti...

Just been watching this very news on tele...seems big news around the world...
Interesting, as has been the norm for us Aussies to pay for health insurance or pay extra in taxes (called medicare levy)...don't understand the fuss really...don't think anyone else should pay for my healthcare and likewise (except for those truly disadvantaged....more than happy to pay my share)
at sg , we already have to pay fines for spitting.
hope this doesn't catch up here. ( but surely it will).
to fine people, for not having certain luxuries, thats a bit more than I like to swallow. Unfair policies?
whats next , fines for shitting?

regards
  • #10,300
  • Sep 9, 2009 12:30am Sep 9, 2009 12:30am
Quoting joypips
Hi fti...

Just been watching this very news on tele...seems big news around the world...
Interesting, as has been the norm for us Aussies to pay for health insurance or pay extra in taxes (called medicare levy)...don't understand the fuss really...don't think anyone else should pay for my healthcare and likewise (except for those truly disadvantaged....more than happy to pay my share)
yeah cant understand wats the healthcare is about ... and y it needs reform... but reading it gives me the feeling that they are forcing it to people ...
dont think its right in a democratic country ...
To Live is the rarest thing in the world , Most people exist , that is all
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