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Technical Analysis Fallacy

  • #12,841
  • Edited 8:17pm Jan 18, 2010 7:55pm | Edited 8:17pm
Ai ya, flipped 14401

loss booked

Long Euro L4 14401

market seem has agenda towards 14450???

wah buy the strangle 14700 and 13700, shows got money to waste. But no need to pump hor. Both will expire out of money la.

so you want see 14450
ok lets go

Its really a compliment that BIG boys read public forums to trade their positions. You're not so BIG , after all la.

OK line off. Only after trade reporting
  • #12,842
  • Edited 8:21pm Jan 18, 2010 8:08pm | Edited 8:21pm
I am exploring limited to approved members only access blogs or forums, for live blotter posts. Any suggestions?
  • #12,843
  • Edited 8:59pm Jan 18, 2010 8:17pm | Edited 8:59pm
im watchin before deciding on direction of scout.
g/u 6417
e/u4407
a/u9256-9240
uj 9048 noted


g/u 6417 was next area of interest after 6250
  • #12,844
  • Jan 18, 2010 8:49pm Jan 18, 2010 8:49pm
  •  acim
  • | Joined Jan 2010 | Status: I'd rather be stacking :-P | 46 Posts
As I said in my first post I have just finished reading both threads and I can't remember this being asked ..... if it was ... I apologize.

How does one approach trading around "00" or other "round numbers". If I already have a scout or larger position I would watch PA and see how it reacts around that level. But if I am looking to get my scout in or add to it and "00" is close by ..... should I wait to see how pair moves when it gets there .... or it should be treated like "any" level, because price sometimes "respects" it and sometimes it doesn't.

Thank you.
  • #12,845
  • Jan 18, 2010 8:53pm Jan 18, 2010 8:53pm
Quoting fti
I am exploring limited to approved members only access blogs or forums, for live blotter posts. Any suggestions?
It's a great study aid to watch if you are on the sidelines and watching the screens, but it would be a burden on you. If people are trying to trade on your entries, it could present a problem, specially if there are any delays, as I doubt they would understand your reasoning.

Posting live calls has it's own scorpions.

Regards,
  • #12,846
  • Edited 10:37pm Jan 18, 2010 9:15pm | Edited 10:37pm
Quoting auxesis
It's a great study aid to watch if you are on the sidelines and watching the screens, but it would be a burden on you. If people are trying to trade on your entries, it could present a problem, specially if there are any delays, as I doubt they would understand your reasoning.

Posting live calls has it's own scorpions.

Regards,
Am I missing something here I thought he was joking, whos got time to mimic his moves pip by pip as he can move quickly?

I thought it was the overall disposition, patience ,attitude, understanding, mindset and getting the feel of rescue and attack that we were emulating while working with the girl.

b1x4387
b3x 4394 closed @ 97 waiting for break above 98.
although s1x 4403 still in.closed
  • #12,847
  • Jan 18, 2010 9:24pm Jan 18, 2010 9:24pm
Quoting fti
I am exploring limited to approved members only access blogs or forums, for live blotter posts. Any suggestions?
I'd appreciate if we TAF learners can have a focused place to stay. A blog is the best, can avoid lurkers.
Actually, expose our trades in public is quite risky especially when on high skew.
Brokers track forum activity is nothing new. Several years ago, news traders made money, they share experiences in forums and became a big group(I don't remember their names). Oanda first rejected the guy's trades, then, they made some limitation on how long he must hold his position. After that unpleasant negociation, Oanda widen spread on news time.
Think about this--- If you bought L5 to rescue at critical level, you are not supose to overstay. When this critical level cracked, you are suppose to cut. You post trades here, brokers can easily hold the up ticks and deliver down ticks to force you cut before market fly.

Beside the risk of experienced traders being tracked by brokers, another risk is the forum host shut down service. FF surely is not shutting down now, but Google is turnning off its service in China. Over the years, Google has been my online home, I'm shocked now and surely will lost many stuffs and move to somewhere else. It's a great lesson for me--- Never host my treasure at other people's home. It's safer to have a blog of our own.

Beside the risk, the benefit of a focused community is obviouse, no need to mention.

I hope fti and everyone can consider this seriously.
  • #12,848
  • Jan 18, 2010 10:12pm Jan 18, 2010 10:12pm
Helloooooooo everybody!!!!!!!

have i got a great song for you....

http://http://www.youtube.com/watch?v=6quogs3GK3Y
Biggest joker
  • #12,849
  • Jan 18, 2010 11:05pm Jan 18, 2010 11:05pm
  •  acim
  • | Joined Jan 2010 | Status: I'd rather be stacking :-P | 46 Posts
Quoting fti
I am exploring limited to approved members only access blogs or forums, for live blotter posts. Any suggestions?
I share the feeling with Lilpip ...... "whos got time to mimic his moves pip by pip as he can move quickly? I thought it was the overall disposition, patience ,attitude, understanding, mindset and getting the feel of rescue and attack that we were emulating while working with the girl."

So Fti , even after your battle is done it would be great if you could find time and energy to post your trades and focus on your "book" while trading. Also if we wait for your trades there is a problem with different time zones and different pairs traded (so people who can't follow you "live" wouldn't have a privilege of seeing your MO and MM). If we wait for your next move we wouldn't be "internalizing" it as we would be if left on our own to battle with our scout and the rest of the army.

On the other hand it would be very interesting ,I'm sure, to watch you in some kind of "live" trading room, maybe just once e week, but I have no idea is this "workable", the cost etc.

If not for this thread I would have never discovered you great teachings, so if you decide to post in more restricted form it would be nice if this thread can be kept alive so other people can find out about it and join more private settings. (e.g. after going through both threads)

Be nimble :-)
  • #12,850
  • Jan 18, 2010 11:42pm Jan 18, 2010 11:42pm
Quoting fti
I am exploring limited to approved members only access blogs or forums, for live blotter posts. Any suggestions?
I appreciate the live blotter posts as a learning aid.
As I was not around at the start of the thread when the blotter and comments were made I now have a chance to catch up.
It is also good to see other possibilities such as yesterdays trading of other currencies, at this stage I only trade the EUR/USD but in a year or so I may be ready to try other currencies.
Also I am slowly rereading the TAF Lounge thread, a few pages per day, at the moment.

Regards Ray
  • #12,851
  • Jan 19, 2010 12:59am Jan 19, 2010 12:59am
Quoting 1234
I appreciate the live blotter posts as a learning aid.
As I was not around at the start of the thread when the blotter and comments were made I now have a chance to catch up.
It is also good to see other possibilities such as yesterdays trading of other currencies, at this stage I only trade the EUR/USD but in a year or so I may be ready to try other currencies.
Also I am slowly rereading the TAF Lounge thread, a few pages per day, at the moment.

[font=Arial][size=2]Regards...
Good morning. Yes, that would be optimal...
  • #12,852
  • Jan 19, 2010 1:32am Jan 19, 2010 1:32am
Any specific reason why the volatility is generally low in all pairs during this period.

Thanks
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #12,853
  • Jan 19, 2010 1:45am Jan 19, 2010 1:45am
Hi All,
aux,lilpip,imjscn,acim
Thank you for your inputs to my thoughts.

Further I think blotter postings is counter productive. More over if anyone had questions, I 'll probably point at the 1st sections of this thread, as mostly had been presented.

thanks
regards
  • #12,854
  • Edited 2:09am Jan 19, 2010 1:53am | Edited 2:09am
Quoting TradeStar
Any specific reason why the volatility is generally low in all pairs during this period.

Thanks
TS
You mean, the long US weekend holiday. The lack of figs releases? In fact most critical US figs had pointed the direction. to depreciation of usd. The general sentiments and manipulation, using time to defray the inevitable, as eu economys trying to find their feets , as they are hitting the fan too. So making bias worthless as the markets are banded. I am watching markets closely. Don't want to be caught holding on to banana notes.
But be aware things can change in a snap.

regards
  • #12,855
  • Edited 2:42am Jan 19, 2010 2:29am | Edited 2:42am
Quoting fti
Hi All,
aux,lilpip,imjscn,acim
Thank you for your inputs to my thoughts.

Further I think blotter postings is counter productive. More over if anyone had questions, I 'll probably point at the 1st sections of this thread, as mostly had been presented.

thanks
regards
I have some experience with closed forums. We created it once with DutchAngel, MaMood, JoyPips and some other die hard TAF fans.

It was fun while it lasted but you cannot run away from the black sheep. From time to time we faced some trust issues.

Only trick is that sometimes in small, closed forums you can hear your own echo. Because there is nobody else, hehe.

We moved on to Skype GroupChat (Instant Messaging), this was more "live" and lasted much, much longer and was more fun and much more real-time. The link to the live chat was posted in the TAF Lounge and anybody who wanted, could join. Black sheep issue arose again, lol. The chat is still open but not really active anymore. I guess its because DutchAngel moved to another Time Zone, hehe.

Everything depends on the objectives. Public forum is fun but its public. Private forum is much less fun but much more secure from people trying to copy, package and sell your ideas.

Anyway, I think fti is the magnet here, wherever he decides to go, people will follow. Let's hope that the enemy will stay behind

PS - we are still in a 30pip range on euro, heh.
  • #12,856
  • Jan 19, 2010 2:31am Jan 19, 2010 2:31am
Quoting fti
You mean, the long US weekend holiday. The lack of figs releases? In fact most critical US figs had pointed the direction. to depreciation of usd. The general sentiments and manipulation, using time to defray the inevitable, as eu economys trying to find their feets , as they are hitting the fan too. So making bias worthless as the markets are banded. I am watching markets closely. Don't want to be caught holding on to banana notes.
But be aware things can change in a snap.

regards
Great! Thanks.
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #12,857
  • Jan 19, 2010 3:10am Jan 19, 2010 3:10am
fwiw,
update..
L4 bot 90.35

squared up 90.47.
flat.
regards.
  • #12,858
  • Edited 3:44am Jan 19, 2010 3:27am | Edited 3:44am
chickened out of my shorts on e/u. let's see if it wants to go on its range back up.

edit: ended up chasing it down. now squared with some more pips in green.
  • #12,859
  • Jan 19, 2010 3:45am Jan 19, 2010 3:45am
Quoting piccolo
chickened out of my shorts on e/u. let's see if it wants to go on its range back up.
becareful its much euro/cable crosses only. They waited for th cable figs for excuse to push euro cable off the cliff.
If you chase, she will spring on you.
  • #12,860
  • Jan 19, 2010 3:51am Jan 19, 2010 3:51am
Quoting fti
becareful its much euro/cable crosses only. They waited for th cable figs for excuse to push euro cable off the cliff.
If you chase, she will spring on you.
yes, I am looking at this picture for days now..
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