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Technical Analysis Fallacy

  • #16,081
  • Jun 7, 2010 4:33am Jun 7, 2010 4:33am
hey guys. going over the thread, i notice how these bucketshops are bothering you all. This method is complex enough, and broker games make it harder. Why don't you guys use retail ecn's. they are quite good . There are no games and executions are instantaneous. Anyhow, my purpose was to let FTI know that Barclays Capital offers institutional FX for $1M deposit.I think it was lavatrader who posted this info. Relay that to FTI, as he's having some oanda issues no? and he's probably the only one with a balance that large .....
See ya'll around and may the pips be with you!
  • #16,082
  • Jun 7, 2010 4:51am Jun 7, 2010 4:51am
I see no one decided to follow Mark's advice and give it a break during the weekend
Anyway, just went through what's been written - a lot of interesting stuff, somehow reminds me of the early days of the thread (I was a lurker myself then, LOL). I hope some of the new people around really work their way to understanding what the thread is all about.

I can't trade as I am switching brokers right now so I'm just looking at the demo charts and my god is the EUR tumbling across the board! The day of the flash crash a month ago looks quite nice compared to where we are now, LOL

@dongsky - I love the XF mate, nice, very nice

@Leo - stop trying to rationalize what's been given in the thread. It's like trying to rationalize what markets are doing. Just read what's been given, try to understand it, then turn your charts on and trade. It really is like dancing - doesn't make sense until you start moving your legs around the dance floor Good luck to you
  • #16,083
  • Jun 7, 2010 4:53am Jun 7, 2010 4:53am
Quoting Piglet
You just could not help it, now could you

Yep, I'm addin my shorts

Sir Piglet
this....is ego talking...yes. some people are just smarter than the market. no, theres nothing wrong in your shorts, but yeah there is a lot of wrongs when you judge a profitable trade all call them bottom pickers.

i read from gann...
"Water seeks its level. You can force it higher with a pump, but when you stop pumping it requires no force to cause it to return to its former level."

volitility...range...we put all that into our analysis. so dont take us as idiots but of course, we do lose money to the market too.

-------
aux nice trade, im with you had a scout on at 08...skews agressed at 30 onwards. now reaping the rewards of the seed sowed.
  • #16,084
  • Jun 7, 2010 4:54am Jun 7, 2010 4:54am
Quoting Piglet
You just could not help it, now could you

Yep, I'm addin my shorts

Sir Piglet
you sounds like playing sand on the beach, very relaxing and joyful.

Have fun!
  • #16,085
  • Jun 7, 2010 4:57am Jun 7, 2010 4:57am
Quoting jest1081
this....is ego talking...yes. some people are just smarter than the market. no, theres nothing wrong in your shorts, but yeah there is a lot of wrongs when you judge a profitable trade all call them bottom pickers.

i read from gann...
"Water seeks its level. You can force it higher with a pump, but when you stop pumping it requires no force to cause it to return to its former level."

dont take us as idiots but of course, we do lose money to the market too.

-------
aux nice trade, im with you had a scout on at 08...skews agressed at 30 onwards....
Some Euro news out here in a few minutes
  • #16,086
  • Jun 7, 2010 5:02am Jun 7, 2010 5:02am
What? A new high?

Better be careful here, scaling back might be time for piggy's revenge

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  • #16,087
  • Jun 7, 2010 5:03am Jun 7, 2010 5:03am
Quote
Some Euro news out here in a few minutes

i had scaled out at 60 onwards...so im light & too far away from the market now. dont know if i wanna restart a new skew. stamina issues lol!
  • #16,088
  • Jun 7, 2010 5:07am Jun 7, 2010 5:07am
Quoting jest1081
i had scaled out at 60 onwards...so im light & too far away from the market now. dont know if i wanna restart a new skew. stamina issues lol!
Nice

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  • #16,089
  • Jun 7, 2010 5:18am Jun 7, 2010 5:18am
Hey Piglet will it make 2000?
  • #16,090
  • Jun 7, 2010 5:28am Jun 7, 2010 5:28am
feels like it's running out of gas, only hit 91 to fall back.

taking a break.
  • #16,091
  • Jun 7, 2010 5:45am Jun 7, 2010 5:45am
Quoting Setebos
@dongsky - I love the XF mate, nice, very nice

thanks mate

regards,
dongsky
Success consists of going from failure to failure without loss of enthusiam
  • #16,092
  • Jun 7, 2010 5:51am Jun 7, 2010 5:51am
feels like a good level for Piplet to deploy rescue troop
  • #16,093
  • Jun 7, 2010 6:48am Jun 7, 2010 6:48am
Has fti explained you the concept of dynamic resistance?


Quoting auxesis
feels like it's running out of gas, only hit 91 to fall back.

taking a break.
  • #16,094
  • Jun 7, 2010 6:58am Jun 7, 2010 6:58am
Quoting Piglet
Has fti explained you the concept of dynamic resistance?
yes, it hit a resistance around 90, that's why AUX and Jest (and many of us) took profit, and that's why I said it's good for you to do rescue.
  • #16,095
  • Jun 7, 2010 7:01am Jun 7, 2010 7:01am
Quoting Piglet
Has fti explained you the concept of dynamic resistance?
You gonna school me on the physics of electrical engineering, or pull out multi time frame EMA's, please continue....... I'm all ears.

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  • #16,096
  • Edited 7:33am Jun 7, 2010 7:05am | Edited 7:33am
OK, been taking retrace profits so far as this moves against the prevailing trend, but am wondering if the northly move is about over. I am back in the E/J going north at 109.66, protecting the entry and will see if you are still pulling back or will resume south. Nice trading everyone that took this north; Piglet, time for you to learn how to read a chart, ok?
Edit: I will exit this trade now at 109.56, protect the entry if I get up +20.
Edit2: Protecting the entry and +20 pips now
Edit3: took 1/2 the position off at +30 and am going to protect +5 on remaining trade.
Edit4: protecting 110.06 at +40 of the remaining 1/2 position, and am looking for opportunity to add to this position
Edit5: square at 110.06
  • #16,097
  • Jun 7, 2010 7:14am Jun 7, 2010 7:14am
1.2 has big option expires, no news today, guess they gonna messing around for a while.
  • #16,098
  • Jun 7, 2010 7:33am Jun 7, 2010 7:33am
No? It could be in his story "monk and the ocean"?

Quoting auxesis
You gonna school me on the physics of electrical engineering, or pull out multi time frame EMA's, please continue....... I'm all ears.

http://www.youtube.com/watch?v=463m3D5HPoI
  • #16,099
  • Jun 7, 2010 7:54am Jun 7, 2010 7:54am
Quoting Piglet
No? It could be in his story "monk and the ocean"?
You referring to the Monk, young monk and the young maiden?

Ok, enough of this, time is short.

Piglet, since Sunday afternoon I hinted at the possibility of short covering after the open.

http://www.forexfactory.com/showpost...ostcount=16041

Last night I waited for pa to show that possibility, although initially was a little quick to hit the buy. I don't have the time nor do I care to explain why I thought this........... is the overall trend down? Yes, but it's either wait for price to retrace and then look south or pick up some pips in the mean time. Last time I looked price was 100 pips north of the level being discussed last night.

Is the retrace finished? don't know, wouldn't surprise me to see it drop from here on the retest of the daily high, or continue north with some type of abc two wave retrace, or fly to the moon, alice. Either way you need to be prepared. but don't criticize me when you have no inkling of what I'm doing.

Let it drop this isn't a battle you can win,

Gotta run everyone, chao!

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just kidding piglet, have a great day.
  • #16,100
  • Jun 7, 2010 7:59am Jun 7, 2010 7:59am
Quoting auxesis
You referring to the Monk, young monk and the young maiden?

Ok, enough of this, time is short.

Piglet, since Sunday afternoon I hinted at the possibility of short covering after the open.

http://www.forexfactory.com/showpost...ostcount=16041

Last night I waited for pa to show that possibility, although initially was a little quick to hit the buy. I don't have the time nor do I care to explain why I thought this........... is the overall trend down? Yes, but it's either wait for price to retrace and then look south...
Let's see here, you danced with the market and got pips, piglet stuck with his shorts and did not make pips. Is that the net of this story? Auxesis, you win! Peglet, stop fighting with us. Post something of significance or please find another thread to join.
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