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Technical Analysis Fallacy

  • #11,241
  • Nov 13, 2009 3:49am Nov 13, 2009 3:49am
Happy trading day to everyone. I took a short position on the E/J about 40 mins ago, and will try to hang on to it through the eur announcement in 12 minutes. Hope you are all trading well and stay focused.
  • #11,242
  • Edited 8:31am Nov 13, 2009 7:34am | Edited 8:31am
OK, still in the E/J and watching it roll now. Hope you all are in this somewhere. Good trading to you all! Now looking at a short position on the $/CAD, but we'll see about that one.

Edit: I am out of the e/j now as momentum has deminished. Will be looking for another short entry after a pullback. Did not short the cad and am looking at it again now. Hope you are all well.
  • #11,243
  • Edited 8:52am Nov 13, 2009 8:32am | Edited 8:52am
ff doesnt want to load fully for me,
cld be my internet though
cos my oanda price is lagging by 2 secs ...

anyway good weekend to all
ps
i love it when she goes down , faster n sharper , too bad she spends most of her time goin up
pss
oops , that sounds bad ...
edit:
@lilpip,
ah , I see ur point , if I ve to make a wild guess , I'll say gold is the one overpriced ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #11,244
  • Nov 15, 2009 2:56pm Nov 15, 2009 2:56pm
Quoting maheswara
I recommend everyone to read the weekly newsletter by John Mauldin , an economist with real experience,
and its free btw , just google it
I looked at his letter today and he makes a good point by mentioning to look at if there is more sales tax being collected to see if the economy is recovering. Of coarse all are down.

Its a confidence game, with all thats being manipulated many are being conned.
Those that know it will ride it while they can.
  • #11,245
  • Nov 15, 2009 6:47pm Nov 15, 2009 6:47pm
am i the only one seeing spread as 6 pips on UJ today on oanda....

V
  • #11,246
  • Nov 16, 2009 8:01am Nov 16, 2009 8:01am
Hi Everyone,

Just spent the past week reading through the entire thread. one word to describe - wow ! amazing thinking and philosophy.

Needless to say much thanks goes to fti for sharing his invaluable trading experience. Similarly, much thanks to all the participants on this thread for clarifying the details on fti's method.

Still novice in fx and been trying out various ways to trade but prefer the no indicator way for it's raw feel.

Need 'balls of steel' alright. With the mainstream way i always 'bang balls' due to being stopped out only to find the market returning in the intended direction after being stopped out ! and one time to many too !

best wishes

rgds
ru

no-indicator trading
open window
breadth of fresh air
  • #11,247
  • Nov 16, 2009 9:57am Nov 16, 2009 9:57am
@V,
maybe due to the gdp thing , supposedly it was out earlier by mistake

@raja,
welcome , consider urself lucky if u've read the thread at the beginning of ur trading journey ...

good trade to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #11,248
  • Nov 16, 2009 8:28pm Nov 16, 2009 8:28pm
Awful quiet in here, did everybody survive and make some money today?
  • #11,249
  • Nov 16, 2009 8:56pm Nov 16, 2009 8:56pm
Quoting auxesis
Awful quiet in here, did everybody survive and make some money today?
Hi auxesis,
Made some pips on the $/Y, but pretty slow day for me up until then. Hope you all did well. Hang on for tomorrow.
  • #11,250
  • Nov 17, 2009 4:32am Nov 17, 2009 4:32am
Quoting auxesis
Awful quiet in here, did everybody survive and make some money today?
Found yesterday and today, hard work. Made 0.69% ROI so far today.
All the best. Ray
  • #11,251
  • Nov 17, 2009 7:55am Nov 17, 2009 7:55am
Hi,

May be someone has interest in their services: http://www.truefx.com/

I didn't know them.

Rgs,

Textor
  • #11,252
  • Nov 17, 2009 7:59am Nov 17, 2009 7:59am
Quoting textor
Hi,

May be someone has interest in their services: http://www.truefx.com/

I didn't know them.

Rgs,

Textor
Thanks.
  • #11,253
  • Nov 17, 2009 6:02pm Nov 17, 2009 6:02pm
In my off hours....
I play around with the charts...
I watch the events...
how E/U moves and dances...
how E/U moves up and down
seeking this and that direction:
a snake in a dark field.
And I feel sorry for those making
market direction predictions..
fti is really king and kind
in showing us our own vanity
of believing in a magic ball.
I am gratefull.
I am back to my Tokyo hours.
I pray to be humble
and never fall into the trap
of believing that I know
what PA will do.

Now what am I?
A bear in a daily field range.
Empty as water and soft as a facing wind mountain
  • #11,254
  • Nov 17, 2009 6:45pm Nov 17, 2009 6:45pm
Quoting luSan
In my off hours....
I play around with the charts...
I watch the events...
how E/U moves and dances...
how E/U moves up and down
seeking this and that direction:
a snake in a dark field.
And I feel sorry for those making
market direction predictions..
fti is really king and kind
in showing us our own vanity
of believing in a magic ball.
I am gratefull.
I am back to my Tokyo hours.
I pray to be humble
and never fall into the trap
of believing that I know
what PA will do.

Now what am I?
A bear in a daily field range.
Welcome back luSan, you have been missed. How do you like NC?
  • #11,255
  • Nov 17, 2009 7:07pm Nov 17, 2009 7:07pm
Quoting GEfx
Welcome back luSan, you have been missed. How do you like NC?
NC is amazing.
A lot of nature to watch
and it seems that people
are nicer than those of the north.
Empty as water and soft as a facing wind mountain
  • #11,256
  • Nov 17, 2009 7:17pm Nov 17, 2009 7:17pm
Quoting luSan
NC is amazing.
A lot of nature to watch
and it seems that people
are nicer than those of the north.
Lusan, pretty soon we will have you eatin' grits and saying Ya'll.
  • #11,257
  • Nov 17, 2009 7:22pm Nov 17, 2009 7:22pm
Quoting auxesis
Lusan, pretty soon we will have you eatin' grits and saying Ya'll.

we love the way they stretch the vowels when they talk.
it is another country.
Empty as water and soft as a facing wind mountain
  • #11,258
  • Nov 17, 2009 9:48pm Nov 17, 2009 9:48pm
Help, eyes on e/u 4865 and 4892 with no feel of what she wants to do.
I guess time will tell.
I here fti whispering in my ear to pace her.
  • #11,259
  • Edited Nov 18, 2009 12:52am Nov 17, 2009 9:51pm | Edited Nov 18, 2009 12:52am
Quoting luSan

we love the way they stretch the vowels when they talk.
it is another country.
tell me how are the people treating you ?
I bet most are pretty nice.
  • #11,260
  • Nov 18, 2009 12:59am Nov 18, 2009 12:59am
mahes, any plans or thoughts on e/u ?
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