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Technical Analysis Fallacy

  • #16,461
  • Jun 15, 2010 4:12am Jun 15, 2010 4:12am
Quoting jest1081


.........., make money... whatever the markets condition

My holy grail - make money whether my bias is right or wrong for the session.
  • #16,462
  • Jun 15, 2010 4:37am Jun 15, 2010 4:37am
Saudi Arabia opened for Israel's air corridor, for a possible air attack Iran(info 13.6.).
  • #16,463
  • Edited 4:52am Jun 15, 2010 4:40am | Edited 4:52am
Quoting Gro
Saudi Arabia opened for Israel's air corridor, for a possible air attack Iran(info 13.6.).
Omg, it will be bad....
But i cant find that info anywhere...?
  • #16,464
  • Jun 15, 2010 4:44am Jun 15, 2010 4:44am
Hi everyone, I am so glad that I found this thread. Thank you FTI for taking the time out to showing us your way of trading and all the others (leighsww, Zoran, Jest, Lusan) that made my understanding easier from your discussions. I enjoyed your teachings very much!

I realise that this method is suited to the 5min but as I am in full time work, it is a bit difficult for me. Could one trade the 5min for 2hours a day between the end of New York session and the begining of Singapore session when liquidity is dry.

Apologies if this question has already been asked. regards Jen
  • #16,465
  • Jun 15, 2010 5:41am Jun 15, 2010 5:41am
Quoting Fana
Omg, it will be bad....
But i cant find that info anywhere...?
Hi Fana

... elephant balancing on the oil

info is
http://zpravy.idnes.cz/saudska-arabi..._zahranicni_jw

http://tn.nova.cz/zpravy/ekonomika/a...nu-dolaru.html
  • #16,466
  • Edited 6:02am Jun 15, 2010 5:50am | Edited 6:02am
Quoting Gro
Hi Fana

... elephant balancing on the oil

info is
http://zpravy.idnes.cz/saudska-arabi..._zahranicni_jw

http://tn.nova.cz/zpravy/ekonomika/a...nu-dolaru.html
Really... Ď.

And those new discoveries of lithium, gold... in Afghantistan is also interesting...

My rigid question of the day is, when they discovered gold and so in Afghan, why Gold doesnt fall? And Where investors will move their capitall if possible eur fall to...0,85? To Gold? Isnt it risk when they discovered it there tons??
  • #16,467
  • Jun 15, 2010 6:02am Jun 15, 2010 6:02am
Quoting Fana
Really... Ď.

And those new discoveries of lithium, gold... in Afghantistan is also interesting...
... dont know if interesting?
  • #16,468
  • Jun 15, 2010 6:13am Jun 15, 2010 6:13am
This countertrend on EUR seems to me like some stophunt.... ?
  • #16,469
  • Jun 15, 2010 6:14am Jun 15, 2010 6:14am
Quoting Fana
War? Maybe against Acropolis...
war was and is always an option to correct economic and social troubles.

the war has many forms, you only should pay attention.
the news hide the underlying reality.

rgs.

textor
  • #16,470
  • Jun 15, 2010 6:18am Jun 15, 2010 6:18am
Quoting Fana
This countertrend on EUR seems to me like some stophunt.... ?
large purchases of crude oil
  • #16,471
  • Edited 6:40am Jun 15, 2010 6:19am | Edited 6:40am
Quoting Gro
large purchases of crude oil
So still eur is bear? I am there with some positions short eur... eh..
small, but i dont want to make mistakes...

My problem today is, that i let rescue positions in negative area too long...(too confident about eur bear or bad timing it..) I can use attack mode, but have some problems still with rescues. It is more difficult...imho..
And i dont trust myself to use level3 for rescue... There is 1,1,2 now...
  • #16,472
  • Jun 15, 2010 6:41am Jun 15, 2010 6:41am
Quoting Fana
So still eur is bear? I am there with some positions short eur... eh..
small, but i dont want to make mistakes...
Watch the graph and not a thread!
  • #16,473
  • Jun 15, 2010 6:55am Jun 15, 2010 6:55am
Quoting Gro
Watch the graph and not a thread!
Very well said Gro

The spike south after the FA releases in early London Session almost made me close my long scout, glad I didn't kill it. However I lost my agressiveness there.

The up move on EUR/USD has lost momentum for now, but has it had enough?
I'm waiting for direction now.

Good trading to all

Regards, MyTbo
  • #16,474
  • Jun 15, 2010 7:03am Jun 15, 2010 7:03am
Quoting MyTbo
Very well said Gro

The spike south after the FA releases in early London Session almost made me close my long scout, glad I didn't kill it. However I lost my agressiveness there.

The up move on EUR/USD has lost momentum for now, but has it had enough?
I'm waiting for direction now.

Good trading to all

Regards, MyTbo
E/U+Oil
Attached Image (click to enlarge)
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  • #16,475
  • Jun 15, 2010 7:15am Jun 15, 2010 7:15am
Quoting textor
war was and is always an option to correct economic and social troubles.

the war has many forms, you only should pay attention.
the news hide the underlying reality.

rgs.

textor
wars, crises and other disasters have their intervals
  • #16,476
  • Jun 15, 2010 7:57am Jun 15, 2010 7:57am
Quoting textor
war was and is always an option to correct economic and social troubles.

the war has many forms, you only should pay attention.
the news hide the underlying reality.

rgs.

textor
Agreed, this is how crisis of such magnitude usually end, when social pressure fails to find any other way out.


Regards
S
  • #16,477
  • Jun 15, 2010 8:07am Jun 15, 2010 8:07am
Quoting Setebos
Agreed, this is how crisis of such magnitude usually end, when social pressure fails to find any other way out.


Regards
S
... and whence came the crisis and prior to that prosperity?
  • #16,478
  • Jun 15, 2010 9:12am Jun 15, 2010 9:12am
Quoting Gro
E/U+Oil
Nice chart
  • #16,479
  • Jun 15, 2010 10:08am Jun 15, 2010 10:08am
My second read of the thread is now at post #3898, july 24 2008, about the missing Lesson 3:


"Yes, Lesson 3 is the last Chapter in my Forexangels, it is about how to put the rescue and attack thingy together in market making. and the way to incorporate the fundamental perspectives into the skew and sliding between the skews of the spiral within a spiral.
After posting it, I felt that it was more suited for dealing room purposes, so I didn't go there.
The relevant stuff, I had just given ad hoc , in the general discussions following.

Moreover to be able to do Blitzkrieg MO it requires massive capitalisation , quite OT for non corporation traders. More suited for big boys market makers.

Even myself is unable to use that MO due to capitalisation restrains, even now.

There's actually noting worthwhile to compile, (edit: this reference compiling a pdf of the thread)
The Mindset aspects are covered in AOW,
The Money management aspect is a derivative from the fibo or arithematic spiral sequense.
And the rest is all your trader sense and market experience, esp in Chart Patterns Analysis.

Its only that the uninitiated will find the MM aspects very disorientating. esp the P&L snowballing. Without actual exposure practise it is difficult to accept/understand."
  • #16,480
  • Jun 15, 2010 10:42am Jun 15, 2010 10:42am
Quoting Baifu
My second read of the thread is now at post #3898, july 24 2008, about the missing Lesson 3:


[color=red]"Yes, Lesson 3 is the last Chapter in my Forexangels, it is about how to put the rescue and attack thingy together in market making. and the way to incorporate the fundamental perspectives into the skew and sliding between the skews of the spiral within a spiral.
After posting it, I felt that it was more suited for dealing room purposes, so I didn't go there.
[font=Verdana][color=red]The...
Hello Baifu
Interesting... If i can, now i realized that it is possible to use smaller cycle as a basis for the bigger, and turn attack to rescue and vice versa... 1,1,2,3 ....... next 1(7),1(7),2(14).........
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