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Technical Analysis Fallacy

  • #12,181
  • Jan 5, 2010 9:42pm Jan 5, 2010 9:42pm
Quoting auxesis
I just want you all to know the truth as to why the calls and trades tonight.........

FTI in real life is like Chuck Norris.... and everyone knows Chuck doesn't trade with the trends. Trends follow his trades...
....thank you Auxesis...Now I go to bed with a good laugh
Empty as water and soft as a facing wind mountain
  • #12,182
  • Jan 5, 2010 9:47pm Jan 5, 2010 9:47pm
Quoting aiyahmarklah
bot l2 4358
would have liked to see that last run north crack the top
  • #12,183
  • Jan 5, 2010 9:50pm Jan 5, 2010 9:50pm
yeah wasnt patience...will wait a while more in gambling mood
  • #12,184
  • Jan 5, 2010 9:51pm Jan 5, 2010 9:51pm
Quoting aiyahmarklah
yeah wasnt patience...will wait a while more in gambling mood
we are still in the window, see what happens, I'm about to jump in myself.
  • #12,185
  • Jan 5, 2010 10:00pm Jan 5, 2010 10:00pm
Quoting auxesis
we are still in the window, see what happens, I'm about to jump in myself.

maybe i shd have listened to lusan
  • #12,186
  • Jan 5, 2010 10:01pm Jan 5, 2010 10:01pm
Quoting lilpip
Dont know if he's still around but its worth it if your mentally tired and ready to square up after 24 hrs of fun filled activities.
Well..to me..it looks like, you burn ur brain cell for a broker...
But I respect your answer too...

Sonic
  • #12,187
  • Jan 5, 2010 10:08pm Jan 5, 2010 10:08pm
Quoting aiyahmarklah
I really don't know much about these stuff, its just that from where I live, the economists and politicians are not as pessimistic. Its true the making of a downfall is in the pipeline, its has been since the rejection of the Grace Commission.

What do u mean by God is not partial ?
He does not exult one country, nationality, national boundries, race over another, we are all bros and sisers.
although he does allow the governments to exist to keep order and show that man dominates man to his injury and the need for his kingdom to come.
If the U.S. while claiming in god we trust yet trashes the dollar, thats what there going to get and not some devine intervention to save it because of there claim of christian roots and god is with us..

Heres something found @ galations 6:7 that god had recorded in the bible and that you can trust,"you reap what you sew".
  • #12,188
  • Jan 5, 2010 10:13pm Jan 5, 2010 10:13pm
Quoting sonicdeejay
Well..to me..it looks like, you burn ur brain cell for a broker...
But I respect your answer too...

Sonic
yea yur right, at times that happens (must be some type of endorphin released cause I keep comin back) but things are looken up cause it used to happen to my wallet but not so much any more.
  • #12,189
  • Jan 5, 2010 10:20pm Jan 5, 2010 10:20pm
bot l3 4360
  • #12,190
  • Jan 5, 2010 10:34pm Jan 5, 2010 10:34pm
Quoting hcong168
May I share my 2 pips:

1. EU after falling off from 1.4483, the pace of fall has slowed (looking at the price moving sideway, or MA or channel moved within, or whatever technical tools you wish to use). This is to say the though the down trend still there, it is deteriorating.

2. This morning (Singapore time) Tokyo down move is deemed to be a stop sweeping, as seen from the lack of following through. This point toward the possibility of end of end trend.

3. So if we wish to capitalised on this bounce (or it can be developed into reversal),...
Hey,sounds good to me.
Id feel better about adding once above 4369, as my bias for the day is down from 4369 and adding to up from there.
  • #12,191
  • Jan 5, 2010 10:36pm Jan 5, 2010 10:36pm
squared up, getting some sleep .
  • #12,192
  • Jan 5, 2010 10:47pm Jan 5, 2010 10:47pm
Quoting lilpip
squared up, getting some sleep .

good night...about time for me to get a nap too
  • #12,193
  • Edited Jan 6, 2010 12:01am Jan 5, 2010 11:22pm | Edited Jan 6, 2010 12:01am
squared at 4350 loss taken zzzzzzz

flipped

flipping was idiotic, giving up some and gamble the rest, luckily cable cushioned some losses.

need a break c ya...
  • #12,194
  • Edited 4:59am Jan 6, 2010 2:28am | Edited 4:59am
bot L1 1.4328 closed +40

bot L2 1.4345 closed +12,4

now waiting for possible actions around 1.4358

bot L3,4 1.4358 - closed +9

Recap L5,6,7 1,4360 - closed +4,7

Recap L8,9,10,11,12 1,4357 all closed +15
  • #12,195
  • Jan 6, 2010 2:42am Jan 6, 2010 2:42am
Hello, first time poster here, as they call silent lurker Thank you FTI for this awesome thread and superb experienced teachings! I'm young chap from Eastern Europe, demo trading for 9 months now. Got hooked on financials since collapse of Lehman. All that turmoil had impact on my mindset and life (was working in construction market). From beginning i was a bit skeptical about market prediction using techs anyway learned stuff, read books, tried some systems, indicators, and after some research came to the conclusion that techs doesn't ring a bell in this “game”. So started to trade naked using 5min,1h and 1d time frames + using inter market analysis between USD and other major currencies pairs, because it was the most rational and logical way to trade in my opinion, but something was still missing, and then totally accidentally i discovered this wonderful thread, and as they say everything else is history man Good health to you FTI, it's a great honor to learn from such insightful man.This is experience once in a life time.
  • #12,196
  • Jan 6, 2010 3:05am Jan 6, 2010 3:05am
Quoting Arthur
Hello, first time poster here, as they call silent lurker Thank you FTI for this awesome thread and superb experienced teachings! I'm young chap from Eastern Europe, demo trading for 9 months now. Got hooked on financials since collapse of Lehman. All that turmoil had impact on my mindset and life (was working in construction market). From beginning i was a bit skeptical about market prediction using techs anyway learned stuff, read books, tried some systems, indicators, and after some research came to the conclusion that techs doesn't ring a...
Wellcome aboard brother. Yes, Fti is very, very good. Listen and learn to the master. Regards
  • #12,197
  • Jan 6, 2010 3:20am Jan 6, 2010 3:20am
Morning lads
Finally some time for the market.
Something doesn't feel right with the three kingdoms -EUR and GBP seem far from confident in their movements plus YEN is acting reverse today.
Anything on the fundamental front that I've missed?
Special zone of interest - cable 1.6020.
  • #12,198
  • Jan 6, 2010 3:27am Jan 6, 2010 3:27am
Quoting Setebos
Morning lads
Finally some time for the market.
Something doesn't feel right with the three kingdoms -EUR and GBP seem far from confident in their movements plus YEN is acting reverse today.
Anything on the fundamental front that I've missed?
Special zone of interest - cable 1.6020.
Hi Setebos. I just observed that historically Yen is very strong. From monthly chart is in very overbought area... So i thing that it has very little space to act in sinc...
Now it is Yen ultra...
  • #12,199
  • Jan 6, 2010 3:31am Jan 6, 2010 3:31am
Appreciate the lead given by Fti at the start of the year. Many thanks for allowing us to see how you manage your trades.

That was a very fast fall in the EUR/USD from the 1.4350 area to 1.4300. Over 50 pips in three minutes. Hope no one was hurt here. I had a small scout out and managed to rescuse it for a small lost.

I do not know how people are going but I am finding this week hard work. Hope it will be easier next week when all the traders are back at work.

Anyway all the best. Ray
  • #12,200
  • Jan 6, 2010 3:34am Jan 6, 2010 3:34am
Quoting fti
sold L3 14367

position recap

long L1 14345, L2 14357
this update for your benefit.
it may be beyond your expectations.

position was squared sg time 10:53

sold scout and L2 x 14359

squared

regards
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