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Technical Analysis Fallacy

  • #12,141
  • Jan 5, 2010 6:30pm Jan 5, 2010 6:30pm
short L3 x 14347
  • #12,142
  • Jan 5, 2010 6:54pm Jan 5, 2010 6:54pm
I was going to take this evening off, but it looks like there is some movement here, so will sit with the charts for a bit. Let's see if it will give a few pullbacks for better entry.
  • #12,143
  • Jan 5, 2010 6:54pm Jan 5, 2010 6:54pm
squared all 14345
  • #12,144
  • Jan 5, 2010 6:57pm Jan 5, 2010 6:57pm
So, Initial entries are made on pullbacks with the 'trend', you then add to the possition if price continues in your direction.

How does profit taking work? Just wait for a change in trend?
Living the adventure in my head.
  • #12,145
  • Jan 5, 2010 7:05pm Jan 5, 2010 7:05pm
e/u 4369 note taken
  • #12,146
  • Jan 5, 2010 7:07pm Jan 5, 2010 7:07pm
Quoting fti
squared all 14345
wah so tight range....diff btw pros and wannabes
  • #12,147
  • Jan 5, 2010 7:16pm Jan 5, 2010 7:16pm
Going to call it a night, see you at London open.
  • #12,148
  • Jan 5, 2010 7:18pm Jan 5, 2010 7:18pm
who else has been up all night besides fti ?

Are we mentally ready for battle?
  • #12,149
  • Jan 5, 2010 7:18pm Jan 5, 2010 7:18pm
Quoting Leonlorenzo
So, Initial entries are made on pullbacks with the 'trend', you then add to the possition if price continues in your direction.

How does profit taking work? Just wait for a change in trend?
not just any pullbacks, the timing the entry is key.
  • #12,150
  • Jan 5, 2010 7:19pm Jan 5, 2010 7:19pm
Quoting lilpip
who else has been up all night besides fti ?

Are we mentally ready for battle?
me.... btw hows the online directory going ?
  • #12,151
  • Jan 5, 2010 7:21pm Jan 5, 2010 7:21pm
bot L1 x 14345
  • #12,152
  • Jan 5, 2010 7:22pm Jan 5, 2010 7:22pm
Quoting lilpip
who else has been up all night besides fti ?

Are we mentally ready for battle?
I think fti has been up the longest, but I have been up for 17 hours so far. Time to shut off the charts, and agree that mental readiness is key. Thanks lilpip.
  • #12,153
  • Jan 5, 2010 7:23pm Jan 5, 2010 7:23pm
Quoting fti
bot L1 x 14345
fti, you are a trading machine - lol. I, however, must rest. Night everyone.
  • #12,154
  • Jan 5, 2010 7:23pm Jan 5, 2010 7:23pm
Quoting fti
bot L1 x 14345
wot ?!
  • #12,155
  • Jan 5, 2010 7:24pm Jan 5, 2010 7:24pm
Quoting GEfx
fti, you are a trading machine - lol. I, however, must rest. Night everyone.
Peaceful dreams.
  • #12,156
  • Jan 5, 2010 7:25pm Jan 5, 2010 7:25pm
Quoting aiyahmarklah
wot ?!
Exactly. He smells something

Dollars flying against the yen??
  • #12,157
  • Jan 5, 2010 7:28pm Jan 5, 2010 7:28pm
Quoting auxesis
Exactly. He smells something

Dollars flying against the yen??
Stop sweep finished.
  • #12,158
  • Jan 5, 2010 7:38pm Jan 5, 2010 7:38pm
I dont know aux, I think his floor is 4340 and playing that level. I cant see much, but expect to play in a couple of hours.
  • #12,159
  • Jan 5, 2010 7:42pm Jan 5, 2010 7:42pm
bot L2 14357
  • #12,160
  • Jan 5, 2010 7:45pm Jan 5, 2010 7:45pm
Quoting aiyahmarklah
me.... btw hows the online directory going ?
On hold for a year, I dont think people are ready for it just yet.
I think gold and silver has caught the attention of alot of people but they still dont realize the weak dollar yet.

Im in a educating process trying to bring awareness to the value of aquiring silver while affordable for everyone.

This is one avenue @ silversnowball.com/2144.

I buy 1 coin a month while encouraging others to do the same while eventually recieving silver at no cost because of the programs set up.

Starting out I view it as a small savings account at $10 a week that I dont touch.
I buy larger amounts of silver from local dealers $1 above spot.
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