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Technical Analysis Fallacy

  • #12,581
  • Jan 10, 2010 9:56pm Jan 10, 2010 9:56pm
Quoting luSan
are we pushing up?...1D and 1H look like going north
Now to bed...
Just seen your post.
Im with ya, took her south from 4492, closed out when she turned around @ 4470 area and headed north.

whats this 25 area want to do ?
  • #12,582
  • Jan 11, 2010 1:04am Jan 11, 2010 1:04am
I refuse to trade today.
Have a nice day.

regards
  • #12,583
  • Jan 11, 2010 1:21am Jan 11, 2010 1:21am
y sir ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #12,584
  • Jan 11, 2010 5:52am Jan 11, 2010 5:52am
Anyone feel Euro topping out here for the moment?
  • #12,585
  • Jan 11, 2010 6:02am Jan 11, 2010 6:02am
Happy trading day everyone. Been a busy day so far with trades in the GBP and EUR, now on the sidelines waiting. auxesis, get the same feeling about the euro now. Staying focused now.
  • #12,586
  • Edited 6:17am Jan 11, 2010 6:05am | Edited 6:17am
Quoting auxesis
Anyone feel Euro topping out here for the moment?

Certainly feels that way to me. London boys on lunch now, lets see what kind of pips ny brings.

I see this board has been very active recently! I have been busy over the last few months, decided to go back to college to finish my degree. I pop in here to follow the discussion when I can, but this is my first day trading since before for the holidays. Hope everyone on the board is doing well. Mamood still around?

@Lusan - How is NC treating you? Weather has been horrible here, makes me feel like Im back in New England with 30 degree days!
  • #12,587
  • Jan 11, 2010 6:09am Jan 11, 2010 6:09am
No news till tomorrow. She wants to hook up some buyers, then I feel maybe at lower levels.
  • #12,588
  • Jan 11, 2010 6:22am Jan 11, 2010 6:22am
Hello friends, yes... eur topping...
  • #12,589
  • Jan 11, 2010 6:30am Jan 11, 2010 6:30am
Quoting auxesis
Anyone feel Euro topping out here for the moment?
yep.
Empty as water and soft as a facing wind mountain
  • #12,590
  • Jan 11, 2010 6:33am Jan 11, 2010 6:33am
Quoting btr5596
@Lusan - How is NC treating you? Weather has been horrible here, makes me feel like Im back in New England with 30 degree days!
Terrible. I expected sunny days but global warming is taking the temperature down...I mean...global cooling...My wife told me that is going to move back to the 40 F this week...so it would be better.

Good idea to finish with your college.
Empty as water and soft as a facing wind mountain
  • #12,591
  • Jan 11, 2010 7:36am Jan 11, 2010 7:36am
Quoting luSan
Terrible. I expected sunny days but global warming is taking the temperature down...I mean...global cooling...My wife told me that is going to move back to the 40 F this week...so it would be better.

Good idea to finish with your college.
I've spent the last month in Belgrade (Serbia). We've had -14C (7F) with 60cm of snow cover and the following week eveything has melted with three days in a row of 17C (62F). Weird!
  • #12,592
  • Jan 11, 2010 7:45am Jan 11, 2010 7:45am
http://news.bbc.co.uk/2/hi/in_depth/8447023.stm
looks like we gonna revisit the cold-age again
To Live is the rarest thing in the world , Most people exist , that is all
  • #12,593
  • Jan 11, 2010 8:04am Jan 11, 2010 8:04am
We've had so much snow and cold here, walked out side and took a picture
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  • #12,594
  • Jan 11, 2010 8:19am Jan 11, 2010 8:19am
Quoting auxesis
We've had so much snow and cold here, walked out side and took a picture
LOL - Is that a picture of a Florida orange grove?
  • #12,595
  • Edited 8:39am Jan 11, 2010 8:23am | Edited 8:39am
I am long the cad/$ at 1.0304

Edit: square and out at 1.0317
  • #12,596
  • Jan 11, 2010 9:56am Jan 11, 2010 9:56am
Took another long position on the GBP at 1.6135 and am again square and out at 1.6175. I am taking a break for a while and will be back later. Good trading day and I hope everyone got some of it.
  • #12,597
  • Jan 11, 2010 10:45am Jan 11, 2010 10:45am
Quoting GEfx
Took another long position on the GBP at 1.6135 and am again square and out at 1.6175. I am taking a break for a while and will be back later. Good trading day and I hope everyone got some of it.
wow, thats some precision entries and exits! congrats!
  • #12,598
  • Jan 11, 2010 11:23am Jan 11, 2010 11:23am
Found the London and NY session hard work today. Made a small profit but remembered a recent comment by Fti "not much foregn capital to clown around". I feel I am in the same boat at the start of the year. Not confident today so I will now stand aside. See what tomorrows brings.
Good luck to those still trading the NY session. Ray
  • #12,599
  • Jan 11, 2010 11:24am Jan 11, 2010 11:24am
Quoting dogfight
wow, thats some precision entries and exits! congrats!
Thanks, but the entry was pretty well telegraphed. It had been hanging around that level for about an hour, so it was pretty clear. The exit was just a place where luck and pip target (40) intersected - lol. Done trading today and will check back on Tokyo open.
  • #12,600
  • Jan 11, 2010 12:06pm Jan 11, 2010 12:06pm
Quoting fti
Hi baifu,
This is what i heard.
There are some people, pacjkaging the lessons and adding their indicators to the MO and MM.( The bad thing , is they are selling it, when the creator annot even master himself,) Is that wrong? Yes it is, When you add any colour to colourless water, what is the colour now. If you add a filter to photos or sound filter to music what happens? When you add the same, filters into your dance what does the sandboxes do?

In the real dance, there are so many factors at play at any one given time. When distracted from terrain...
Hi fti,
Not sure what is worse, the shameless seller or the foolish buyers.

I agree indicators with rigid parameters are useless in a living and changing market, robots are dead meat. If I didn’t think so I wouldn’t have spent the last 2 months reading this thread.

I use the color maps to exorcise my scorpions, one scorpion is I am too contrarian (the trend is my friend!) so I bring forward colors that signal troops fighting up/down hill. Another scorpion make me chase the market and I need to remind myself the tear from benchmark has hit 2 standard deviation and repeatedly.

In the old days my chart blinked bright yellow and call out “signal check” every 15 minutes. Lucky for me you never saw that http://cdn.forexfactory.com/images/icons/icon10.gif You are a strict teacher, for which I am grateful.

regards
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