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Technical Analysis Fallacy

  • #18,221
  • Aug 20, 2010 6:03am Aug 20, 2010 6:03am
I was just in the big move on eur/usd it is just as hard to stay in winner as loser, so many times wanted to bail, but hung in till 2700.
Thats the largest move I've been able to stay in so far in my short time as trader..
making green pips large and red pips small this is my goal.
  • #18,222
  • Aug 20, 2010 6:12am Aug 20, 2010 6:12am
Quoting fti
yeap.
Now waiting for Wall Street make usd cheap for buying.
London seem lost b.(momentum)
Need see NY to see if the Wall Street bleeding will stop.
Its Friday and lots of nervous investors.

regards
Today will be a big shootout?
  • #18,223
  • Edited 6:26am Aug 20, 2010 6:14am | Edited 6:26am
Quoting paul1
I was just in the big move on eur/usd it is just as hard to stay in winner as loser, so many times wanted to bail, but hung in till 2700.
Thats the largest move I've been able to stay in so far in my short time as trader..
Ai ya , Thats because you newbie lor.
You keep like this on every trade and you'll burn out fast.
Relax. You don't want a heart by-pass before 40s, do you?
also check your exposure.
Are you over traded?
otherwise is because you not comfortable with the P&L ratios.
Otherwise Greed and Fear are Big scorpions.
Learn to tame them,
If you stay to 2 % possible daily P&L, in reality nothing that happens in the market can scutter you.
But if you regularly do , like what i did yesterday , trading to limit. Then you may perceive a pin drop for a sword drop.

Train well.

regards
  • #18,224
  • Edited 6:36am Aug 20, 2010 6:20am | Edited 6:36am
Quoting Gro
Today will be a big shootout?
I don't know, Gro.
Equites around the world is bleeding.
Wall street scavangers are not out yet to bottom fish, and Its friday.
Only thingy can do is follow flow.
MM well, to tame volitility and Greed.

Rest assured that all the EYES are on, just in case.
Euro isn't hold her own. Only Cable shows signs that she is firm.
don't be expecting too much.
But if she comes, respond appropriately, as charts indicate she cracked her bottoms.
But this behaviour not correct response to crack. Can be faking it.


regards

Remember, do as advised below, no forcing.
Yesterday was reminder for me, luckily i made but could had been fatal.

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  • #18,225
  • Aug 20, 2010 6:28am Aug 20, 2010 6:28am
Quoting fti
I don't know, Gro.
Equites around the world is bleeding.
Wall street scavangers are not out yet to bottom fish, and Its friday.
Only thingy can do is follow flow.
MM well, to tame volitility and Greed.

Rest assured that all the EYES are on, just in case.
Euro isn't hold her own. Only Cable shows signs that she is firm.
don't be expecting too much.
But if she comes, respond appropriately, as charts indicate she cracked her bottoms.
But this behaviour not correct response to crack. Can be fake.


regards

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  • #18,226
  • Aug 20, 2010 6:40am Aug 20, 2010 6:40am
Ah...day after day...hope everyone had a good ride... I leave everyone this songs reminisce of my guitar playing days.

Inserted Video


Inserted Video


Enjoy!
  • #18,227
  • Aug 20, 2010 6:41am Aug 20, 2010 6:41am
Expect wierdness in volitile gyrations.
There is no data to drive the girls.
But be ready.

Meantime relax

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  • #18,228
  • Aug 20, 2010 6:57am Aug 20, 2010 6:57am
Quoting eraptheman
Ah...day after day...hope everyone had a good ride... I leave everyone this songs reminisce of my guitar playing days.

http://www.youtube.com/watch?v=U4xHtQ9IWP0

http://www.youtube.com/watch?v=lLFjk0KXjIk

Enjoy!
nice.
Moon River. The first song I learned for a concert when a kid.
thanks eraptheman

Moon river, wider than a mile
I’m crossing you in style some day
Oh, dream maker, you heart breaker
Wherever you’re goin’, i’m goin’ your way

Two drifters, off to see the world
There’s such a lot of world to see
We’re after the same rainbow’s end, waitin’ ’round the bend
My huckleberry friend, moon river, and me

(moon river, wider than a mile)
(i’m crossin’ you in style some day)
Oh, dream maker, you heart breaker
Wherever you’re goin’, i’m goin’ your way

Two drifters, off to see the world
There’s such a lot of world to see
We’re after that same rainbow’s end, waitin’ ’round the bend
My huckleberry friend, moon river, and me...............
  • #18,229
  • Aug 20, 2010 7:07am Aug 20, 2010 7:07am
I do not advertise only like the video

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  • #18,230
  • Aug 20, 2010 7:26am Aug 20, 2010 7:26am
Quoting Gro
I do not advertise only like the video

http://www.youtube.com/watch?v=tghR3...eature=channel
Battle in markets already can take my life.
You want play computer battles simulations?.

I think I wait until have virtual reality battles.
Then Old man can simulate have strong body , again.

ready.
battlesstations.
Bras ON.
  • #18,231
  • Aug 20, 2010 7:33am Aug 20, 2010 7:33am
oops not that kind la.

Battle Ready Armours, ON
  • #18,232
  • Aug 20, 2010 7:37am Aug 20, 2010 7:37am
Quoting fti
Battle in markets already can take my life.
You want play computer battles simulations?.

I think I wait until have virtual reality battles.
Then Old man can simulate have strong body , again.

ready.
battlesstations.
Bras ON.
the virtual experience war, rough

battlestation

Inserted Video
  • #18,233
  • Aug 20, 2010 7:37am Aug 20, 2010 7:37am
Quoting fti
oops not that kind la.

Battle Ready Armours, ON
I like that Chief, Bras ON!!!
Success consists of going from failure to failure without loss of enthusiam
  • #18,234
  • Aug 20, 2010 7:42am Aug 20, 2010 7:42am
Quoting Gro
the virtual experience war, rough

battlestation

http://www.youtube.com/watch?v=6ZUmTdeaoiQ
Not real enough.
Where's the nervously waiting.
Now prefer Paintball wars still.
At least when get shot have bruises.
And need Medic.
  • #18,235
  • Aug 20, 2010 7:44am Aug 20, 2010 7:44am
Quoting fti
Not real enough.
Where's the nervously waiting.
Now prefer Paintball wars still.
At least when get shot have bruises.
And need Medic.
at least feel that I died
  • #18,236
  • Edited 8:05am Aug 20, 2010 7:45am | Edited 8:05am
assault in progress.

no reasonable retrace so watch MM

euro yen takes point.

cable takes high point.

here they come.
SNIPERS !

patience
One round One kill.

Regroup
Lure her uphill.

Keep one eye on wall street

fire power strong, regroup higher

Wait for impulse topping then charge her, wave 1

patience, no rushing

fire power is in euro yen
chain weakness euro usd
cable is wildcard


Signing off
Losing focus
Feel
  • #18,237
  • Aug 20, 2010 8:09am Aug 20, 2010 8:09am
scouts deployed

flanking activities only , do not direct assault yet.

weait for point waekness for assult
  • #18,238
  • Aug 20, 2010 9:02am Aug 20, 2010 9:02am
Not working
took profits

Waiting for wall street's que
  • #18,239
  • Aug 20, 2010 9:05am Aug 20, 2010 9:05am
Massive capital outflows across the board, even gold is bleeding. Everyone's running for the greenbag safety and making sure liquidity is ensured I guess. Now that's gonna be some stress test

Chief, do you think that given the situation Ben will have to fire up the heli big time again soon? Sort of QE2 Pro, LOL
  • #18,240
  • Aug 20, 2010 9:12am Aug 20, 2010 9:12am
mmmm loss some foreign capital today... was hearing SNB sold EUR in london.

nvm.. fight again..

lets rumble.

float like a butterfly, sting like a bee.
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