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Technical Analysis Fallacy

  • #13,201
  • Jan 27, 2010 9:42pm Jan 27, 2010 9:42pm
Quoting acim
Hi Fana ..... I had around 1.5 %


indianguyinny24 I was long and rescuing as it was going south and then closed positions as I pointed on a chart. Little yellow lines are levels where I entered/exited.


Good trading to all

Nice trade... good rescue.... do some more you will be fine...

V
  • #13,202
  • Jan 27, 2010 10:08pm Jan 27, 2010 10:08pm
just finished listening the fool of my president....
this man is totally blind...God help us...
now to bed...
a lot of economical news still coming tomorrow...
and something to pay attention: see all the crazy 15M reversals and long shadows...this is nerve wrecking for those that are trading this week...
thanks God I am out...
good luck to the brave one!
Empty as water and soft as a facing wind mountain
  • #13,203
  • Edited 1:19am Jan 28, 2010 12:46am | Edited 1:19am
Quoting acim
Hi Fana ..... I had around 1.5 %


indianguyinny24 I was long and rescuing as it was going south and then closed positions as I pointed on a chart. Little yellow lines are levels where I entered/exited.


Good trading to all
Hello Acim. 1,5% with such small trades? Thats great. Try to check your MM, if it is not too riskie.... regards

Greece wants to sell some papers to China. Will China be the investor of Greece? If yes, we can have strong eur bull move...

http://online.wsj.com/article/BT-CO-...dlinesAmericas
  • #13,204
  • Jan 28, 2010 2:13am Jan 28, 2010 2:13am
Quoting acim
Thank you Sebetos and Fana for your comments on my first dance.

I would appreciate anyone's critique of my dance. (both MO and MM). There were no lines on my hourly chart when I was dancing ..... there for explanation :-)

Thank you for your time and happy trading
What you should think about is what would you do if the price continued to drop let's say another 100 pips with little or no room to rescue. Would you freeze or would you cut it?
  • #13,205
  • Jan 28, 2010 3:42am Jan 28, 2010 3:42am
Happy trading day everyone. OK the E/$ broke 1.3960 but has now retreated back above 1.4028. Could be short again now but am waiting for more information before acting. Nice pullbacks all around and could be getting ready for some good action. Let's get some pips today. Focus, fresh coffee and some very cold fresh air here (8 F)).
  • #13,206
  • Jan 28, 2010 3:51am Jan 28, 2010 3:51am
still a bit quieter then usual on the E$, maybe it's simply London boys finishing their coffees... Placed a long scout while I'm finishing mine. 1.40 should be a good rescue zone should things go wrong. Clever trading and lots of pips to everyone. Stay sharp.

@GE - still in the short dance?
  • #13,207
  • Jan 28, 2010 3:57am Jan 28, 2010 3:57am
Quoting GEfx
Happy trading day everyone. OK the E/$ broke 1.3960 but has now retreated back above 1.4028. Could be short again now but am waiting for more information before acting. Nice pullbacks all around and could be getting ready for some good action. Let's get some pips today. Focus, fresh coffee and some very cold fresh air here (8 F)).

hey Gefx, I must admit had a little trouble staying fluid last few weeks but today has been much better,some good set ups on cable and g-y this morn finally!!!

we got 25 c here, i think havin 6 weeks off and the heat sent my pip count haywire.......
Never said I was Batman,all I'm saying is you'll never see us together.
  • #13,208
  • Edited 5:08am Jan 28, 2010 4:48am | Edited 5:08am
Short the E/J (126.78) for a while now and watching the GBP/$.

Edit: square and out at 126.38
  • #13,209
  • Jan 28, 2010 6:13am Jan 28, 2010 6:13am
Quoting headfake
hey Gefx, I must admit had a little trouble staying fluid last few weeks but today has been much better,some good set ups on cable and g-y this morn finally!!!

we got 25 c here, i think havin 6 weeks off and the heat sent my pip count haywire.......
it is -28C (-18F) here, lol. has been like this for a week now.

shorted e/u at around 1.4045/50 (had some limit sell orders above that too) but managed only an L3 attack, squared now. something feels uneasy in the market as usual.
  • #13,210
  • Jan 28, 2010 6:45am Jan 28, 2010 6:45am
Quoting piccolo
it is -28C (-18F) here, lol. has been like this for a week now.

shorted e/u at around 1.4045/50 (had some limit sell orders above that too) but managed only an L3 attack, squared now. something feels uneasy in the market as usual.
Wow that is cold. Nice trade.
  • #13,211
  • Jan 28, 2010 6:50am Jan 28, 2010 6:50am
Good trading friends. Today i have nearly +1% again. Time to relax...

In Brno was yesterday -18 Celsius (-0.39 F) at night...
  • #13,212
  • Jan 28, 2010 7:12am Jan 28, 2010 7:12am
Squared out a few moments ago with the second rescue bringing me at break even. Market feels very weird, at least to me. I guess it's the large number of additional fundamental factors (Obama, Bernanke, Davos) bringing uncertainty. If it keeps that way I may follow LuSan's example ...
  • #13,213
  • Jan 28, 2010 7:54am Jan 28, 2010 7:54am
Quoting Setebos
Squared out a few moments ago with the second rescue bringing me at break even. Market feels very weird, at least to me. I guess it's the large number of additional fundamental factors (Obama, Bernanke, Davos) bringing uncertainty. If it keeps that way I may follow LuSan's example ...
Good job. The perks of range trading is that you can always bail out at BE.
  • #13,214
  • Jan 28, 2010 8:39am Jan 28, 2010 8:39am
eyes open e/u 3974
besides watching 3 kingdoms
a/u 89.90 - 90.23
  • #13,215
  • Edited 9:10am Jan 28, 2010 8:46am | Edited 9:10am
Short the E/J now at 126.18 on the retracement. Protecting +3 pips and keeping my fingers crossed.

Edit: protecting 125.93 now, will take profit at 125.68
Edit: square and out at 125.68 waiting for a pullback for next entry.
  • #13,216
  • Jan 28, 2010 9:36am Jan 28, 2010 9:36am
looks like risk aversion and same as before the 3 kingdoms are out of sync. dollar and yen maybe seen as safe haven. Dow is down again.
  • #13,217
  • Jan 28, 2010 10:37am Jan 28, 2010 10:37am
Just exited a long cad trade at 1.0636 for nice profits. I am going to take a break so good trading to everyone.
  • #13,218
  • Jan 28, 2010 3:43pm Jan 28, 2010 3:43pm
Chief,

Food for thought...


“You win battles by knowing the enemy’s timing, and using a timing which the enemy does not expect.” – Miyamoto Musashi.


“If you walk, just walk. If you sit, just sit. But whatever you do, don’t wobble.” – Master Ummon

“Study strategy over the years and achieve the spirit of the warrior. Today is victory over yourself of yesterday; tomorrow is your victory over lesser men.” – Miyamoto Musashi.


V
  • #13,219
  • Jan 28, 2010 4:28pm Jan 28, 2010 4:28pm
Well Bernacke is still in. My sources though otherwise, hopefully now we can get some stabilization and normalcy.
  • #13,220
  • Jan 28, 2010 5:00pm Jan 28, 2010 5:00pm
Quoting auxesis
Well Bernacke is still in. My sources though otherwise, hopefully now we can get some stabilization and normalcy.


Obama is bit of a concern, he's got gray hair already!


Regards.
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