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Technical Analysis Fallacy

  • #19,841
  • Oct 25, 2010 2:29am Oct 25, 2010 2:29am
Quoting MaMood
Great - training, training and once again training.
A little piece of talent.
And of course training, training and once again training.
Very strong will and discipline
And of course training, training and once again training.
And a great teacher, trainer and coach in the background, who is showing you the way ....

Isn't it easy to become a master in what ever arts???

Cu,
MaMood
Lol, my thinking exactly!

Anyway, good morning to you & everyone!

Been lurking around this thread for a long long time reading, studying and practicing, and after such a long time I can say I have a pretty clear picture in my head about how I want to put fti's teachings in practice.

Got up very early this the morning (matter of fact didnt even go to bed lol) because such eventful weekends tend to have a huge impact on markets as soon as they open. As you can see it was well worth it, I made some nice pips rolling into the Tokyo session but had to sit on my hands ever since because Oanda's lagging charts are a real pain in the ass.
So anyway, I hope I will be able to contribute some valuable thoughts to the thread in the future as it has given me so much in the past.

Wish you all a profitable trading day!
  • #19,842
  • Oct 25, 2010 2:34am Oct 25, 2010 2:34am
Seems UJ os preparing for a reversal???
At least M5 and M15 are loking that way.
Need more input - so still waiting ...

Edit: Hey - please take care. That are my thoughts only and no trade calls!
Please do not trade it!!!!
  • #19,843
  • Oct 25, 2010 2:38am Oct 25, 2010 2:38am
0836: s x 1 x GU x 15733 (scout)
0840: b x 1 x GU x 15724 Does not feel right, because UJ is going down again, Waiting
  • #19,844
  • Oct 25, 2010 2:43am Oct 25, 2010 2:43am
Quoting MaMood
Seems UJ os preparing for a reversal???
At least M5 and M15 are loking that way.
Need more input - so still waiting ...

Edit: Hey - please take care. That are my thoughts only and no trade calls!
Please do not trade it!!!!
dow, gold, eu, gu are all deep in retracements but the Yen seems very strong across the board. you might have to wait for that bottom just yet
  • #19,845
  • Oct 25, 2010 2:45am Oct 25, 2010 2:45am
hi guys Eh I got slapped and punished from a market again I lost 40% of my micro account, because I was not serious and didnt pay attention to fx at all. Bought some UY calls around 85 and 86 for 10% of my account now I had to clear my positions, unfortunately Now I am total I dnt know what to do in my life. I do lots of sports, I go to faculty (study economy), but skip a lot as I feel so so bored there, I have subjects which I dont like, but in FX I also f... up as I dont work on it. Fortunately I am just 20 and I have no idea wats my future gonna be :S :S
  • #19,846
  • Oct 25, 2010 2:48am Oct 25, 2010 2:48am
UJ: Large stops below 8050 awaited. May be an opportunity for a short sniper action ...
  • #19,847
  • Oct 25, 2010 2:55am Oct 25, 2010 2:55am
All I can say for sure for the moment: EU and EJ are pretty much moving in sync again. So I have atleast a slight advantage in spottin upcoming moves on EU ...
  • #19,848
  • Oct 25, 2010 3:02am Oct 25, 2010 3:02am
10:01 s x 1 x UJ x 80.47 (sniping scout)
10:03 b x 1 x UJ x 80.42 No stops here. To dangerous
  • #19,849
  • Oct 25, 2010 3:06am Oct 25, 2010 3:06am
Take a look at these nice long wicks on UJ M5 now.
At least it says, that there are more USD buyer now and we have found a support for the pair here for the moment ...

Edit: GU relevant news in 21 minutes ....
  • #19,850
  • Oct 25, 2010 3:19am Oct 25, 2010 3:19am
Hey nfx,

nice to hear that you are ready for dancing now!
Wish you all the best!!!

Any positions open atm?
  • #19,851
  • Oct 25, 2010 3:32am Oct 25, 2010 3:32am
Hmmmh - GB figs < expectations, but so far a non event ...
Will have to wait longer for any tradable PA ...
  • #19,852
  • Oct 25, 2010 3:41am Oct 25, 2010 3:41am
Quoting MaMood
Hey nfx,

nice to hear that you are ready for dancing now!
Wish you all the best!!!

Any positions open atm?
Not now, no. been squarred for breakfast.
Regarding your UJ observations, to me it seems more like Yen driven rather than usd. Yen just seems so off the plate compared to other usd based assets so take care
  • #19,853
  • Oct 25, 2010 3:43am Oct 25, 2010 3:43am
Quoting nfx
Not now, no. been squarred for breakfast.
Regarding your UJ observations, to me it seems more like Yen driven rather than usd. Yen just seems so off the plate compared to other usd based assets so take care
Usd bear on the move... UJ is detached as expected
  • #19,854
  • Oct 25, 2010 3:56am Oct 25, 2010 3:56am
@nfx: ok, noted. Have my eyes open.

BTW: EUR relevant news in 4 minutes ....
  • #19,855
  • Oct 25, 2010 6:13am Oct 25, 2010 6:13am
Quoting mijamoto
hi guys Eh I got slapped and punished from a market again I lost 40% of my micro account, because I was not serious and didnt pay attention to fx at all. Bought some UY calls around 85 and 86 for 10% of my account now I had to clear my positions, unfortunately Now I am total I dnt know what to do in my life. I do lots of sports, I go to faculty (study economy), but skip a lot as I feel so so bored there, I have subjects which I dont like, but in FX I also f... up as I dont work on it. Fortunately I am just 20 and I have no idea wats my...
I don't know what you are looking for but if it is advice then here you go -> Finish school, the rest will follow.

If you cannot commit to anything, at least you will have a degree for that, lol.

I believe that 99% of people here got their money from somehwere else, not trading. Thus they can support themselves while learning and open trading accounts. Probably most still work for it.
  • #19,856
  • Oct 25, 2010 6:19am Oct 25, 2010 6:19am
Hello Piccolo. I think that we re in "turning point" of how the World goes. It is difficult to recommend anything imho. Next generations will probably be in more stability then we are now. Regards


Quoting piccolo
I don't know what you are looking for but if it is advice then here you go -> Finish school, the rest will follow.

If you cannot commit to anything, at least you will have a degree for that, lol.
  • #19,857
  • Oct 25, 2010 6:24am Oct 25, 2010 6:24am
I hate those 5th decimals on price. My limit order just got missed by a 0.1 pip.
  • #19,858
  • Oct 25, 2010 6:30am Oct 25, 2010 6:30am
Hi Mijamoto. You are at highschool, most of your co-students will not be successfull in life, guess why. They are being prepared for being employes and it is not the best case imho. They will have many self-problems and they will find problems in everything. What about you? Do you want problems or success? If success, you must be stronger, better than the rest. They will be temptating you back to them ... to the junk... Dont follow them. You are good, but you can be better!



Quoting mijamoto
hi guys Eh I got slapped and punished from a market again I lost 40% of my micro account, because I was not serious and didnt pay attention to fx at all. Bought some UY calls around 85 and 86 for 10% of my account now I had to clear my positions, unfortunately Now I am total I dnt know what to do in my life. I do lots of sports, I go to faculty (study economy), but skip a lot as I feel so so bored there, I have subjects which I dont like, but in FX I also f... up as I dont work on it. Fortunately I am just 20 and I have no idea wats my future...
  • #19,859
  • Oct 25, 2010 6:57am Oct 25, 2010 6:57am
Quoting mijamoto
hi guys Eh I got slapped and punished from a market again I lost 40% of my micro account, because I was not serious and didnt pay attention to fx at all. Bought some UY calls around 85 and 86 for 10% of my account now I had to clear my positions, unfortunately Now I am total I dnt know what to do in my life. I do lots of sports, I go to faculty (study economy), but skip a lot as I feel so so bored there, I have subjects which I dont like, but in FX I also f... up as I dont work on it. Fortunately I am just 20 and I have no idea wats my future...
Hi mijamoto,

I'm sure you do not like to hear the following ...
The best thing you can do is to finish your school.
As far as I have read your postings, you have proven many times, that you are not willing to pay attention to anyones advices. Seems you are talented in many areas (chess, sports, "brainwork"), but due to your lack of focus, you are not able to become a real master in any of them.

Well - you are 20 yaers old, that is not much to have very deep experience in the matters of life. So please try to test your discipline in finishing your education. You need to get more consistence in your areas of interest.

From my experience trading is not the way to go for you now. You need much more maturity in your thinking and in your life.

Sorry for writing it in a very undiplomatic and straight way, but you have asked for the peoples opinion, and that is the picture I have for now ...

Wish you all the best!

MaMood
  • #19,860
  • Oct 25, 2010 7:10am Oct 25, 2010 7:10am
Seems the markets are waiting for HeliBen.
Hopefully he will bring some action onto the dance floor ..
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