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Technical Analysis Fallacy

  • #10,561
  • Sep 17, 2009 9:16am Sep 17, 2009 9:16am
Quoting maheswara
I ve posted a text file called fti.txt here in the thread, u can use the thread tools and search for the attachment , it contains most of fti sir's message , I thought u were already holding it , sorry my bad ...


Thanks mahaswara i will definitely read your text file.
  • #10,562
  • Sep 17, 2009 9:18am Sep 17, 2009 9:18am
Quoting GEfx
Happy trading day to you all. Been in and out of several trades and now in a wait mode. Time for some fresh coffee and some fresh air. Seeing some indications of risk appitite returning to the market so let's see what develops now. Good trading everyone.

A-game: listen to luSan. Read fti's material then re-read. Practice and re-read. Welcome aboard.

Thank you for the warm welcome. Im looking forward to learning as much as possible from this wonderful thread.
  • #10,563
  • Sep 17, 2009 9:54am Sep 17, 2009 9:54am
should start preserving energy for NY session , more movement here ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,564
  • Sep 17, 2009 10:33am Sep 17, 2009 10:33am
Currently I am 10pips under the peak... EUR/USD, I am short.... Is it ok?

EUR/USD....1.4736...........sell
  • #10,565
  • Sep 17, 2009 10:34am Sep 17, 2009 10:34am
Quoting Fana
Currently I am 10pips under the peak... EUR/USD, I am short.... Is it ok?

EUR/USD....1.4736...........sell
You tell me.

On what basis did you short the euro?

Taking a break for a bit, back later.
  • #10,566
  • Sep 17, 2009 10:40am Sep 17, 2009 10:40am
From the 15min chart, there is something like double top... The second peak's top is lover then before... And those peaks and candles around tops have big shadows... Yesterday there was also formed double top, bud was broken... Today i thing that it is the second attemp... Also Dow is struggeling to reach 10000. And it is psychological barrier... And today on EUR/USD were big red candles... USD bull wake up?
Thank you for your help.
  • #10,567
  • Sep 17, 2009 1:28pm Sep 17, 2009 1:28pm
Unless there's a late day surge to the top it looks like we are settling into a range......... many things lining up tomorrow, on top of which, did I say witch?

Triple Witching Day is tomorrow, so strap on your seat belts for this weeks finish.

regards,
  • #10,568
  • Sep 17, 2009 3:07pm Sep 17, 2009 3:07pm
Looks like the EUR/USD has parked in the middle of the range at the end of the NY session. CU all during the late asian session. Ray
  • #10,569
  • Sep 17, 2009 3:39pm Sep 17, 2009 3:39pm
Quoting luSan
After you read the first 150 pages then you might begin having some clarity....
but there are over 6000 messages!...yes...but what a journey!

Add spice... dont forget some imp things that are still lying on

TAF lounge..

http://www.forexfactory.com/showthread.php?t=104773


V
  • #10,570
  • Sep 17, 2009 5:16pm Sep 17, 2009 5:16pm
Anybody heard from Mamood lately?

edit: Or Green David and Dutchangel??
  • #10,571
  • Sep 17, 2009 7:11pm Sep 17, 2009 7:11pm
Quoting auxesis
Anybody heard from Mamood lately?

edit: Or Green David and Dutchangel??
Hi Aux,

Dutchangel wanted to move to Hong Kong...?
or I missing something?

Rgs,

Textor
  • #10,572
  • Sep 17, 2009 7:28pm Sep 17, 2009 7:28pm
Quoting textor
Hi Aux,

Dutchangel wanted to move to Hong Kong...?
or I missing something?

Rgs,

Textor
Textor,

I think your right, forgot... just haven't seen some of the old thread members here in a while.

regards,
  • #10,573
  • Sep 18, 2009 12:52am Sep 18, 2009 12:52am
Quoting auxesis
Anybody heard from Mamood lately?

edit: Or Green David and Dutchangel??
I sent MaMood two Ims... generally very fast to respond hasnt replied back yet...


V
  • #10,574
  • Sep 18, 2009 2:05am Sep 18, 2009 2:05am
Quoting auxesis
Anybody heard from Mamood lately?

edit: Or Green David and Dutchangel??

Hi Auxesis,

thanks for asking.
Was on holidays/vacation for some days.
You know, there is a life beside the trading universe ;-)

But now I'm back to trading again.
I do not want to miss all the great trading opportunities till the end of this year. Especially after we have got a new government in Japan that seems to be interested in a very strong Yen ....

Trade well.

CU,
MaMood
  • #10,575
  • Sep 18, 2009 2:07am Sep 18, 2009 2:07am
Quoting indianguyinny24
I sent MaMood two Ims... generally very fast to respond hasnt replied back yet...


V
Hi IndianGuy,

sorry that I ahve missed your PM's.
I do not check my PM's in FF very frequently.
But will do it right now .....

CU,
MaMood
  • #10,576
  • Sep 18, 2009 3:04am Sep 18, 2009 3:04am
After a long time I'm happy on markets. Made up 10% of my monthly loss in last 2 days on short gu. I closed allready 3 lots and 2 lots are left. Don't know when to close them :
  • #10,577
  • Sep 18, 2009 3:35am Sep 18, 2009 3:35am
Happy trading day everyone. Hope you are all trading well. Good to see that fti stopped by and hope he can return soon. I am just now getting started so on the sidelines. Waiting. Time for coffee.
  • #10,578
  • Sep 18, 2009 4:38am Sep 18, 2009 4:38am
Thank you Lusan, I studied your journal(read 2 times). I've learned a lot from it, your journal is fantastic
[quote=luSan;3066557]Be carefull..ask yourself why you have big losses...it is probably due to MM and NOT to not knowing the right direction. In this market, the bulls and the bears make money...and the pigs get wiped out...Although I did not understand it at the beginning, now I definetily see it a terrible truth. The direction is NOT as imporant as the 3 trading component: market structure, capitalization and YOU!

I had a big lost due to rescues(3 operations) too early then Boom the last one the prices was shooting up again me then I had to surrender. Those were my lessons & I also need to study & practice more & more.

The sooner you move to live trading the better. I do not believe that the mindset would develop when real money is not on the table...real money transforms the whole trading experience.

I think I'll open account with oanda this weekend 1cent per pip worth for my lesson & mindset, Thanks for your advice.

Understanding of the 'famous fti charts is of the upmost importance.

I had really a look at the chart this morning again I think I understand now but to be sure when I read up to that page again( I reread the thread & now up to page 90).

but PA is NEVER clear. I found that whenever I thought I figured out the whole thing...then kapoom...PA broke my back..

Again thank you Lusan for your input

Hope you gain lots lots of pip.

Regards,
  • #10,579
  • Edited 6:46am Sep 18, 2009 4:47am | Edited 6:46am
Looking at a long position on the GBP/$ and a short position on the $/CAD soon. Maybe. BAck later with results, if any.

Edit: Short the $/CAD at 1.0718, square at 1.0711. Two trades on the GBP/$, one long at 1.6363, the second long at 1.6348. Squared both at 1.6370. Back to waiting now.
  • #10,580
  • Sep 18, 2009 6:06am Sep 18, 2009 6:06am
1.4709 - EUR/USD - sell
With full....
Today actions had prooved USD bull enough for me..... go baby yeah !!
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