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Technical Analysis Fallacy

  • #19,641
  • Edited 2:56am Oct 13, 2010 2:05am | Edited 2:56am
Send in scout long cable and long EURUSD.
Both decisions based on M15 charts
Let's see ....

Edit: Cable could become tricky, becuase release of major figs in 77 minutes. So the time window is a little bit short, if things are going against my scout ...

Edit: Sending in a scout in Cable and EURUSD at the smae time is not very prudent in the sense of reducing market exposure, cause they are running in sync in the same direction yet. It's just for testing out the stronger pair for this session..

Edit: Preparing rescue troops for EURUSD to correct bad scout timing, if necessary ...

Edit: mild rescue deployed @ 3957. out @ 3967. New average price now 3965

Edit: Cable M15 shows some signs of topping out. So I keep my special focus on cable now

Edit: Made a small attack on EURUSD from 3972 to 3980.
Cable scout is out with very small profit.
Focus on EURUSD now, till the Cable figs are published ...
  • #19,642
  • Oct 13, 2010 2:59am Oct 13, 2010 2:59am
Thanks for your comments.

Have a scout in long EUR/USD @ 1.3960 Will added to it on pullbacks but ready for anything as there could be strong sellers ahead.

Good trading to all today. Ray
  • #19,643
  • Oct 13, 2010 3:11am Oct 13, 2010 3:11am
Patience seems to be key again.
Waiting with strong attack of a break of 4000 ...

Edit: Prepared for a flip to EURUSD short. unfortunatley USDJPY is going for 9300too. This move and EURUSD are competing each other ...
  • #19,644
  • Edited 3:46am Oct 13, 2010 3:17am | Edited 3:46am
attention ...

Preparing for Cable news release now ...

Edit: Well - that was not a market moving news. Made only a few pips with a post news cable long trade. Now I'm flat on cable again. Only trading EURUSD and still waiting for some action around 4000 level ...

Edit: Pinbar on EURUSD M5 is not looking very promising for a move up. But let's give her some more time. Still prepared for a flip ...

Edit: Careful now. Asian session is going to close in 15 minutes -> position adjustments can provide a choppy market ...
  • #19,645
  • Oct 13, 2010 4:06am Oct 13, 2010 4:06am
Hi again.

Have squarred out now, cause my time window is closing soon (lunch with family).
Was scalping some pips down on EURUSD and squarred out with good profit this morning. But it was alot of work, cause no pair was running straight into one direction. So a lot of babysitting and position adjustmens.

Not sure if i should post my thoughts here in this thread while trading.
Do not know if it is of any use to anyone.
Please let me know, if I should stop it in the future.
Please post your honest opinion. Will not feel offended or bad in any way at all.

Wish you all the best!

Cu later again...

MaMood
  • #19,646
  • Oct 13, 2010 4:15am Oct 13, 2010 4:15am
Hi all,

thread is not visited for some time - family matters.
It is nice to read again posts DutchAngel, Maheswara, Lilpip, Fana...
And of course Mamood, Gro, Pikolo

Success in trading!

CU
gart
  • #19,647
  • Oct 13, 2010 4:42am Oct 13, 2010 4:42am
Quoting MaMood
Patience seems to be key again.
Waiting with strong attack of a break of 4000 ...

Edit: Prepared for a flip to EURUSD short. unfortunatley USDJPY is going for 9300too. This move and EURUSD are competing each other ...
Hi MaMood
All your submitted information for the other gold price and of course the contributions of other members - personal experience is priceless.
e.g. I have realized such that your "power dance" I can use as a rescue.

PS E/U and U/J if you go in sync., use the relationship E/J

Rgs
  • #19,648
  • Oct 13, 2010 4:52am Oct 13, 2010 4:52am


What we learned in 2065 years? Funny, or cry?

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be moderate and supervised to assist foreign countries should be reduced if Rome does not go bust. People must again learn to work instead of living on public assistance. "

(Marcus Tullius Cicero in 55 BC.)
  • #19,649
  • Edited 5:28am Oct 13, 2010 5:14am | Edited 5:28am
[quote=maheswara;4090330]
Quoting Fana

fana , when u were starting out , i emailed u n told u not to put more than few hundreds bux into ur first account simply because i knew u wld blow it...
it doesnt matter if ur account is 100 bux or 10000 bux , if u have the skill u can double ur capital in every period of time ...
all u need to do is make sure u acquire such innate skill without throwing a lot of money ... start with few hundreds n have the goal to double it...
i hate to see people wasting money unnecessarily ... u just blew ur account and that means u r...
Hello Friends. That is true. I just wanted to break it and start earning for living in forex. My account was too small to live from it and too big only for testing. Due to Fti recomendation, it is not possible to be undercapitalized. My problem wasnt that i couldnt trade.
Here are my faults .... loss 30.000unitsX150pips. twice together, after breakup with my gf.
loss $750 on one trade of Gold. Trading from the park. Where i caught some wifi, because i hadnt internet.
What sent me down was that i had moments when i was totally crayze and my trades was also as crazy.
Maheswara. You are right. You were right. It was my mistakes, but times changes, i am more skilled and stronger because of that big pressure from this what i did. And never mind so much, because i was aiming to invest $50.000 in forex before 1,5year, and only thanx to your advices i didnt do it. So your advices safe me $47.500. Regards.
  • #19,650
  • Oct 13, 2010 5:17am Oct 13, 2010 5:17am
Quoting MaMood
Hi again.

Have squarred out now, cause my time window is closing soon (lunch with family).
Was scalping some pips down on EURUSD and squarred out with good profit this morning. But it was alot of work, cause no pair was running straight into one direction. So a lot of babysitting and position adjustmens.

Not sure if i should post my thoughts here in this thread while trading.
Do not know if it is of any use to anyone.
Please let me know, if I should stop it in the future.
Please post your honest opinion. Will not feel offended or bad in any...
Hi Mamood,

I appreciate your inspirational and valuable contributions. Keep up the good work

I am more convinced than ever fti has given us a priceless gift in this thread but it's up to us to learn, practise and make it work.

Good trading all,
Baifu
  • #19,651
  • Oct 13, 2010 7:40am Oct 13, 2010 7:40am
Hi Friends,

because I got several PM's in the last 3 weeks, what charts I have opened on my screen - here is my trading desk. Hope you can read everything. But you are welcome to ask.

I'm using no indicators, except
- 60 minute MA
- e special MTF version of standard deviation
- Pivot lines.

My main trading charts are in the middle of the screen with M5 charts of 3 kgds

Have fun ....
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  • #19,652
  • Oct 13, 2010 7:58am Oct 13, 2010 7:58am
Quoting MaMood
Hi Friends,

because I got several PM's in the last 3 weeks, what charts I have opened on my screen - here is my trading desk. Hope you can read everything. But you are welcome to ask.

Have fun ....
sweet system niels ... , eyefinity?

@fana ,
I strongly believe anyone giving full focus n dedication will be profitable in matter of time , that is why try not to waste resources along the path...
To Live is the rarest thing in the world , Most people exist , that is all
  • #19,653
  • Oct 13, 2010 8:41am Oct 13, 2010 8:41am
Quoting maheswara
sweet system niels ... , eyefinity?

@fana ,
I strongly believe anyone giving full focus n dedication will be profitable in matter of time , that is why try not to waste resources along the path...
Hello Maheswara. Yes, i have the same belief. I can observe it on myself, that skills are really improwing along the "time spent in front of a comp".
  • #19,654
  • Oct 13, 2010 8:52am Oct 13, 2010 8:52am
Quoting MaMood
Hi Friends,

because I got several PM's in the last 3 weeks, what charts I have opened on my screen - here is my trading desk. Hope you can read everything. But you are welcome to ask.

I'm using no indicators, except
- 60 minute MA
- e special MTF version of standard deviation
- Pivot lines.

My main trading charts are in the middle of the screen with M5 charts of 3 kgds

Have fun ....
Hi MaMood,

Where do you get the tick charts from?

Nice setup, looks professional.

Regards,
  • #19,655
  • Oct 13, 2010 9:52am Oct 13, 2010 9:52am
MaMood Bravo!
Your trading desk is

Hi All,

The context in which I decide ...
At the four monitors I have always been three kingdoms.
Each monitor has a different TF ...(I'm sorry, but maybe this photo is not of this moment)
Only in this perspective, I feel ready for war, and concentrated.
In my imagination is a whole range of war (H4/D1/W1), which consists of various battles (1M/5M/H1)
and confusing the enemy invasions, offensive combat, etc. (5/10/30secs). The ideal for me is a smooth transition from the trap through the battle to win the war (D1 candle) at the end of the day ...
Mainly I use the sense of price direction, which form the trend. I use the full concentration of the likely areas of feedback. This can be a single spark, their formations, strong levels of support and resistance.
Feel the flow between the three kingdoms is more art than science.
Knowing when to enter the market is also more art than science.
Knowing when to get out is also more art than science.
This is not to say that strictly fundamental analysis is invalid, but that there is a strong likelihood that the charts as graphic aspect of market forces often precede fundamental information that appear non-responsive at the time of publication. For this reason, I conclude from the many years that this type of trading is more art than science.
On my greatly increased the effectiveness of learning is influenced by the FTI and posts of many people in this thread - thank you very much!
I wish every success to all those who continue to explore the science FTI. Science is a never ending ...

gart

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inspiration

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  • #19,656
  • Edited 10:48am Oct 13, 2010 10:06am | Edited 10:48am
eyes open 3985 area, 3910 noted.
  • #19,657
  • Edited 10:23am Oct 13, 2010 10:12am | Edited 10:23am
Quoting gart
MaMood Bravo!
Your trading desk is

Hi All,

The context in which I decide ...
At the four monitors I have always been three kingdoms.
Each monitor has a different TF ...(I'm sorry, but maybe this photo is not of this moment)
Only in this perspective, I feel ready for war, and concentrated.
In my imagination is a whole range of war (H4/D1/W1), which consists of various battles (1M/5M/H1)
and confusing the enemy invasions, offensive combat, etc. (5/10/30secs). The ideal for me is a smooth transition from the trap through the...
Thats a beautiful thing, office-den.

Id be afraid Id never come out, my wife definately would have my head .

you'd laugh at mine, at the moment Im at a construction site using 1 of 2 electrical outlets that is working on the job.
  • #19,658
  • Edited 12:27pm Oct 13, 2010 12:09pm | Edited 12:27pm
My experience with the Trade Room.

In the past I worked on the LCD panel (diagonal 1m, pixel I can not remember) = too much information ... much decision ... much confirmation.I canceled it, when I did the PDA larger profit! than the my home LCD "trade room" panel.
I set aside the confusion in the head and on screen.
I use only one screen (in my field of vision).Important for me to color the background = "calming color".
I only have 5 min.charts (In 5 min. graphs I have create MA other time span), hourly graphs in background (control S/R,RR etc.) and trade board (current price, position size, show net position).
"all events in the one visual angle for me".

Rgs
  • #19,659
  • Edited 12:43pm Oct 13, 2010 12:27pm | Edited 12:43pm
although shes back and acts like she wants to continue north, watching how she reacts in the 3973 - 80 area.
  • #19,660
  • Oct 13, 2010 1:00pm Oct 13, 2010 1:00pm
U.S. official Patent? ... UFO ...
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