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Technical Analysis Fallacy

  • #19,361
  • Sep 27, 2010 3:33am Sep 27, 2010 3:33am
Just for info:

BoJ Shirakawa: Watching FX Markets With Great Interest

TOKYO, Sept 27 (IFR) - Over Reuters and other news wires. BoJ Governor Shirakawa noted that he is watching the forex market with great interest, but declined to comment on future intervention.
Regarding the ceiling on its JGB holdings, Mr Shirakawa said that capping its JGB purchases enables the central bank to conduct appropriate monetary adjustments, indicating that even though JGB buying is one of the options to supply liquidity, he is not willing to lift the ceiling.
He stressed that the central bank will continue pumping ample liquidity. [email protected]
Copyright 2010 Thomson Reuters - IFRMarkets


Disclaimer: Be aware of possible COw Dung inclucded ;-)
  • #19,362
  • Sep 27, 2010 3:49am Sep 27, 2010 3:49am
Quoting MaMood
Hi,

I'm not sure about my observations, but watching the short time frames, EURUSD seems to be the leading pair. It seems to influence EURJPY and than inflcuencing USDJPY.

Why is such kind of observation relevant to me?

I'm trying to find the sources on increasing momentum in the market, so that I can jump in early into the dances with my Lady USDJPY ...
Hi MaMood,

Good to read some sources that affect the dynamics.
My observations are directed primarily at the TF from 5 seconds to D1
In this context, I try to dance with the market.
I do not have such knowledge, as the analysis of fundamental influences the directions and trends
Therefore, mainly watching the chart and learn what is a trap.
FTI is a great man, because he gave so much knowledge and guidance ...

Any help and comments much appreciated ...
Thank you
gart
  • #19,363
  • Sep 27, 2010 4:16am Sep 27, 2010 4:16am
Intermittent connection to the broker OANDA
Does someone have similar problems?
Only observation of the ... MT4
  • #19,364
  • Sep 27, 2010 4:23am Sep 27, 2010 4:23am
Quoting gart
Intermittent connection to the broker OANDA
Does someone have similar problems?
Only observation of the ... MT4

Hi gart.

oanda is working fine all the morning.
Had lots of disconnectings last week.


Trading USDJPY and EURUSD short at the moment.
Hope I get y orders closed in profit, before I have to leave for family lunch....

Have fun.
Will be back later.
  • #19,365
  • Sep 27, 2010 4:29am Sep 27, 2010 4:29am
BTW:
I don't think ist is strongly needed to have a deep understanding of fundamental macro economic stuff. At least it is not a problem for me, to dance profitable with out having such understanding.

But of course it is not a hinderance to know what is going on on the economic and politcal stage.

BTW:

USDJPY: Short BE @84.15
EURJPY: Short BE @13429
  • #19,366
  • Sep 27, 2010 4:52am Sep 27, 2010 4:52am
Quoting gart
Good morning

I'm in the EU trade
I made two quick attacks exploratory sell and buy - will Blotter
I watch the 3454 level
short 3417

CU
gart
For four years I struggled with the retail FX market ...
and now thanks to the great kindness of FTI begin to happen such things ...
Attached Image
  • #19,367
  • Sep 27, 2010 5:07am Sep 27, 2010 5:07am
Quoting MaMood
Hi gart.

oanda is working fine all the morning.
Had lots of disconnectings last week.


Trading USDJPY and EURUSD short at the moment.
Hope I get y orders closed in profit, before I have to leave for family lunch....

Have fun.
Will be back later.
Thank you for your support MaMood
OK, I understand.

Today I have to complete the trade because of the interruption of a connection to broker
My last dance with the EU (Blotter)

Attached Image



I congratulate BE

CU
gart
  • #19,368
  • Sep 27, 2010 5:52am Sep 27, 2010 5:52am
Quoting gart
Hi MaMood,

Good to read some sources that affect the dynamics.
My observations are directed primarily at the TF from 5 seconds to D1
In this context, I try to dance with the market.
I do not have such knowledge, as the analysis of fundamental influences the directions and trends
Therefore, mainly watching the chart and learn what is a trap.
FTI is a great man, because he gave so much knowledge and guidance ...

Any help and comments much appreciated ...
Thank you
gart
You read about Indians and wood?
Your eyes and your personal experience (agility and improvisation) is irreplaceable.
"mind wants to profit but not risk, mind wants clear attention but is constantly moving ("polishing ego")"
  • #19,369
  • Sep 27, 2010 6:10am Sep 27, 2010 6:10am
Quoting gart
Thank you for your support MaMood
OK, I understand.

Today I have to complete the trade because of the interruption of a connection to broker
My last dance with the EU (Blotter)

Attachment


I congratulate BE

CU
gart
You are using an "expanding attack"
  • #19,370
  • Sep 27, 2010 6:29am Sep 27, 2010 6:29am
Quoting gart
Thank you for your support MaMood
OK, I understand.

Today I have to complete the trade because of the interruption of a connection to broker
My last dance with the EU (Blotter)

Attachment


I congratulate BE

CU
gart
Hi gart,

thanx for congrats and your blotter.
If you don't mind: Could you please try to save you pictures in jpg format in the future?
Would make things a little easier and the data volume will reduce dramatically too.

Thx.

MaMood
  • #19,371
  • Edited 6:46am Sep 27, 2010 6:35am | Edited 6:46am
Quoting gart
Thank you for your support MaMood
OK, I understand.

Today I have to complete the trade because of the interruption of a connection to broker
My last dance with the EU (Blotter)

Attachment


I congratulate BE

CU
gart
aaah - now I got you.

No - I have not closed out at BE.
But I was waiting for that quotes to reach BE.
So after I returned from lunch I'm still waiting/rescueing my bad positions ...

Sorry for that confusing statement :-)
  • #19,372
  • Sep 27, 2010 7:52am Sep 27, 2010 7:52am
US Chicago Fed Nat Activity Index for AUG out at -0.53 vs. -0.50 expected and 0.00 prior revised down to -0.11.
  • #19,373
  • Sep 27, 2010 9:35am Sep 27, 2010 9:35am
Quoting maheswara
oi v n gro no worries bout me
Oye Mahesh,

once in a while stop by with a small msg.....


V
  • #19,374
  • Sep 27, 2010 11:21am Sep 27, 2010 11:21am
Quoting Gro
You read about Indians and wood?
Your eyes and your personal experience (agility and improvisation) is irreplaceable.
"mind wants to profit but not risk, mind wants clear attention but is constantly moving ("polishing ego")"
Gro,
a minimum of words with a maximum content.
You give me a lot of thinking and it affects my personal development ... Thank you ...

By the way I have to admit to something. Do not analyze the trade in the TF 5-30 seconds what I do.
Only after the troops return home, examine how it happened ...
This is probably related to this:
"I have no such knowledge, as the analysis of fundamental influences on the directions and trends"

FTI said:

"Do not count pips and do not look at your balance. Look at what is now happening in the market."

(FTI, sorry that it did not literally.)
  • #19,375
  • Sep 27, 2010 11:29am Sep 27, 2010 11:29am
Quoting Gro
You are using an "expanding attack"
If at this point I feel strongly that I'm dancing in rhythm.
When I am uncertain stop an attack on 1,2,3.
5 and 8, leaving the rescue.
  • #19,376
  • Sep 27, 2010 11:39am Sep 27, 2010 11:39am
Quoting gart
If at this point I feel strongly that I'm dancing in rhythm.
When I am uncertain stop an attack on 1,2,3.
5 and 8, leaving the rescue.
you give "for the tail" a great position, if turns against you?

example: 1,1 ... attack 8 and square 5,3,1 sqout cont.
1 ... attack 5 and square 3,2 sqout cont. ...
... just be comfortable in the positions (watch "panic point")
  • #19,377
  • Sep 27, 2010 11:41am Sep 27, 2010 11:41am
Quoting MaMood
Hi gart,

thanx for congrats and your blotter.
If you don't mind: Could you please try to save you pictures in jpg format in the future?
Would make things a little easier and the data volume will reduce dramatically too.

Thx.

MaMood
Hi MaMood,

Sorry, but I have MWSnap3 program that records in this format.
Can you help me change it, so it was okay?
  • #19,378
  • Sep 27, 2010 11:47am Sep 27, 2010 11:47am
Quoting MaMood
aaah - now I got you.

No - I have not closed out at BE.
But I was waiting for that quotes to reach BE.
So after I returned from lunch I'm still waiting/rescueing my bad positions ...

Sorry for that confusing statement :-)
I came home and answer the posts ...
Danced to close the BE?
  • #19,379
  • Sep 27, 2010 12:04pm Sep 27, 2010 12:04pm
Quoting Gro
you give "for the tail" a great position, if turns against you?

example: 1,1 ... attack 8 and square 5,3,1 sqout cont.
1 ... attack 5 and square 3,2 sqout cont. ...
... just be comfortable in the positions (watch "panic point")
Rescue 5 and 8 of my troops back to the BE, but often gives small gains
(FTI words: "Save the army and return home. Do not trip on the victory")
I have trouble to explain it in words. Best is a chart to explain it.
Maybe tomorrow?

BTW: when the situation turns is often little time to save ..
because I use a short massive attack
  • #19,380
  • Sep 27, 2010 12:12pm Sep 27, 2010 12:12pm
Quoting gart
Rescue 5 and 8 of my troops back to the BE, but often gives small gains
(FTI words: "Save the army and return home. Do not trip on the victory")
I have trouble to explain it in words. Best is a chart to explain it.
Maybe tomorrow?
I understand your blotter: sqout 1 and add 2,3,5,8 most recent position (8) is "on tail"?
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