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Technical Analysis Fallacy

  • #16,421
  • Jun 13, 2010 10:04pm Jun 13, 2010 10:04pm
Quoting M-H Trader
here is a interesting read http://www.zerohedge.com/article/gue...ide-road-ahead
good review.
  • #16,422
  • Jun 13, 2010 11:19pm Jun 13, 2010 11:19pm
sent in first scout in eur short @ 73
  • #16,423
  • Jun 14, 2010 12:15am Jun 14, 2010 12:15am
am i the only one... or is the market too slow.............


V
  • #16,424
  • Jun 14, 2010 1:32am Jun 14, 2010 1:32am
Quoting indianguyinny24
am i the only one... or is the market too slow.............


V
guess asia is always like that.

sent in second scout 2200, lets see what london wants. i may be forced to flip lol! gbp already made a technical break out...so who leads? hmm

yen also heading up...super trend haha
  • #16,425
  • Jun 14, 2010 2:33am Jun 14, 2010 2:33am
Quoting fti
you are welcome , try out my ultralight.
nice.... would want to ride that for some time now..
hopefully i'll get to, soon..

Quoting fti
Deutschemarks?? or Rentenmark ??
Quoting textor

(picture)
nice picture.
Rentenmark? first time i've heard of it. Thanks for mentioning, Sir.
if german money gets revived, that means an addition to a future collection

Euro breakup ---- opportunity in a crisis (if i remember correctly, "wei chi" in Chinese/Mandarin)
Better start collecting some Euros before it stops getting circulated. hahah
  • #16,426
  • Jun 14, 2010 2:35am Jun 14, 2010 2:35am
Quoting jest1081
guess asia is always like that.

sent in second scout 2200, lets see what london wants. i may be forced to flip lol! gbp already made a technical break out...so who leads? hmm

yen also heading up...super trend haha
bot 1 @ 75
averaged at 89

cant get the directions yet...continued flirting, biased on chasing short skirts tho. lol
  • #16,427
  • Jun 14, 2010 3:39am Jun 14, 2010 3:39am
Happy trading day everyone! Looks like 1.2205 has been squared up on the E/$, and possible more north to come. I have the wait trade in right now and will see what develops. Trade well my friends.

auxesis: it was a great baseball game with a double no-hitter into the 7th, and through the 8th for the Cubs. NBA finals pretty exciting, too.
  • #16,428
  • Jun 14, 2010 4:13am Jun 14, 2010 4:13am
flipped bot at 2110
  • #16,429
  • Jun 14, 2010 5:14am Jun 14, 2010 5:14am
i am a newbie -7 month experience- , but i will be not be applying except minimal indicators maybe MACD only or RSI , but my main trading method will be based on:

1)Candlesticks
2)Moving Averages as support and resistance and trending visualization
3)support , resistance and fibs

Thats all , i likde to keep it simple as posiible , i like to watch price moves and feel it , istead of waiting for zillions of signals
  • #16,430
  • Jun 14, 2010 6:03am Jun 14, 2010 6:03am
Quoting seawinde
i am a newbie -7 month experience- , but i will be not be applying except minimal indicators maybe MACD only or RSI , but my main trading method will be based on:

1)Candlesticks
2)Moving Averages as support and resistance and trending visualization
3)support , resistance and fibs

Thats all , i likde to keep it simple as posiible , i like to watch price moves and feel it , istead of waiting for zillions of signals
Hi Seawinde, welcome:-). Try to imagine, that you want to driwe a car. Get in, blackened all windows and use only GPS for driving. What will happen? The same is wint indicators. You dont understand the market and you trade... Please, read the first page of this thread, where Fti, who is professionall, who traded more than 25years in bank, where Fti write about how it really is... regards
  • #16,431
  • Jun 14, 2010 6:32am Jun 14, 2010 6:32am
Quoting Fana
Hi Seawinde, welcome:-). Try to imagine, that you want to driwe a car. Get in, blackened all windows and use only GPS for driving. What will happen? The same is wint indicators. You dont understand the market and you trade... Please, read the first page of this thread, where Fti, who is professionall, who traded more than 25years in bank, where Fti write about how it really is... regards
Thanks Fana , when i posted , it was only after i read the first to posts , i am at work and went to the 11th page , i dont know if i can make it to the 1000th.

FTI , thanks alot for your contribution .

again , i am not going to stop using indicators only few and the main ones , because some traders try to pose amny many indicators and lines as if they are saying "Ha , we read everything and got the knowledge" , i just dont want to disturb myself was a plenty of indicators .

My positions will mainly in the next period be for using psychology of the market , i am trying to keep my traders plain simple .

thanks Fana once again

and SPECIAL THANKS TO FTI
  • #16,432
  • Edited 6:46am Jun 14, 2010 6:36am | Edited 6:46am
Quoting seawinde
i am a newbie -7 month experience- , but i will be not be applying except minimal indicators maybe MACD only or RSI , but my main trading method will be based on:

1)Candlesticks
2)Moving Averages as support and resistance and trending visualization
3)support , resistance and fibs

Thats all , i likde to keep it simple as posiible , i like to watch price moves and feel it , istead of waiting for zillions of signals
Hard to feel it when you're smoothing it with a bunch of averages, no?

Candlesticks tell you what happened, but do they predict? Support and resistance and fibs are good but do you know in advance what levels will hold and which ones will break?

You gotta figure out a way to profit from each no matter what happens....... figure that one out and your on the right path. It ain't about signals and such, it's all about making $$$$............. many ways to separate the kitty from it's skin, don't fall into the typical herd mentality.
  • #16,433
  • Jun 14, 2010 7:12am Jun 14, 2010 7:12am
Quoting auxesis
Hard to feel it when you're smoothing it with a bunch of averages, no?

Candlesticks tell you what happened, but do they predict? Support and resistance and fibs are good but do you know in advance what levels will hold and which ones will break?

You gotta figure out a way to profit from each no matter what happens....... figure that one out and your on the right path. It ain't about signals and such, it's all about making $$$$............. many ways to separate the kitty from it's skin, don't fall into the typical herd mentality.
Hello Auxesis
Thank you for pictures and graphs you have presented before. Informative, precize. Appreciating.
  • #16,434
  • Jun 14, 2010 7:18am Jun 14, 2010 7:18am
Quoting Fana
Hello Auxesis
Thank you for pictures and graphs you have presented before. Informative, precize. Appreciating.
Fana,

Thank you, the Sashimi looked good, yes?

The others forget about them, current charts are more important.

rgds,
  • #16,435
  • Jun 14, 2010 7:22am Jun 14, 2010 7:22am
Quoting auxesis
Fana,

Thank you, the Sashimi looked good, yes?

The others forget about them, current charts are more important.

rgds,
, yes of course, this needs no other comments
  • #16,436
  • Jun 14, 2010 7:26am Jun 14, 2010 7:26am
Quoting jest1081
flipped bot at 2110
hope your holding them longs! Time to bank a few
  • #16,437
  • Jun 14, 2010 7:27am Jun 14, 2010 7:27am
Another day another dollar, million days a millionaire!

Gotta run, wishing all a profitable day!!

a
  • #16,438
  • Jun 14, 2010 7:48am Jun 14, 2010 7:48am
Quoting auxesis
hope your holding them longs! Time to bank a few
Yes yes increased the holdings when she retraced I had to trade on the move coz I got an urgent call

Had to trade with just feeds. but it worked well tho. Thank you god.
  • #16,439
  • Jun 14, 2010 9:50am Jun 14, 2010 9:50am
I have the euro squaring up the 1.2268 level and holding before deciding what to do next. Some good trading today through NY. Hope you are all trading well.
  • #16,440
  • Jun 14, 2010 10:04am Jun 14, 2010 10:04am
Quoting GEfx
I have the euro squaring up the 1.2268 level and holding before deciding what to do next. Some good trading today through NY. Hope you are all trading well.
Im with ya eyes open 2241-53 area.
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