TOKYO, Nov 1 (IFR) - Relatively good demand for USD/JPY was seen at today's Tokyo fix, not surprising given the to-do seen earlier and USD/JPY also down earlier to a fresh 15-year low of 80.21. The to-do having to do with possible Japanese official intervention also looks to have helped prod Japanese importers to take advantage of current levels as well. Those short the market are also seen to have helped floor this market around 80.50, the retracement low following the surge up to 81.60. With quite a bit of event risk also seen this week and given market nervousness of possible Japanese intervention, it just may just be a good time to pare down JPY longs/USD shorts. USD/JPY currently trades 80.67/70 having quieted considerably after the to-do seen earlier, possibly the result of a miss hit by algos according to some in the market. [email protected]
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Technical Analysis Fallacy
- #20,022
- Edited 8:53pm Oct 31, 2010 8:38pm | Edited 8:53pm
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
- #20,023
- Edited 9:18pm Oct 31, 2010 9:03pm | Edited 9:18pm
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
- #20,024
- Nov 1, 2010 12:55pm Nov 1, 2010 12:55pm
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
- #20,026
- Edited 11:29pm Nov 1, 2010 8:56pm | Edited 11:29pm
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
- #20,033
- Nov 2, 2010 6:09am Nov 2, 2010 6:09am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Hi again,
Sorry that there are only so few licenses with this demo.
I'm trying to get it up for at least 25 or so ...
And - to be honest - you are not missing that much, cause I have to get used to that way of presenting my trades as well. Difficult to find an appropriate selection of the charts for one screem only ...
Will try it during NY opening again ...
CU,
MaMood
it was a good session, let's do it again sometime
regards
Success consists of going from failure to failure without loss of enthusiam
Hi All,
Couple of days ago, I stumbled across this thread and started right away my long journey to exploring the teaching and methods of fti. What i can say till now (covered almost less than a 100 pages from the beging) that this is probably one of the best things i have read. However, due to my curiousty, yesterday i fast forwarder the thread a little bit and was honestly complete hit when i saw how the things developed. First, only after couple of months, leighsww (greater supporter and cheerleader) changer entirely her attitude towards fti and left the thread (place which she so hard was trying to develop). Later i see that zoran was also banned by fti for some kind of quarrel. In one of his recent posts zoran is mentioning that now he is not trading anymore...
I'm quite confused and start to wonder whether the efforts and time which i'm ready to devote to study this MO are worth. I understand very well that it depends a lot to the individual as i may see things that somebody won't and vice versa. But when you see people that initally were throwing great efforts and showed great enthusiasm to quit like this, you start wondering what may be the case. Of course it may come up that it has been only enthusiasum, but without dedication and strict following of the MO which was taught by fti, which resulted this.
Anyway, i'll be happy if the more experienced people share with me the story of this thread.
EKS
Couple of days ago, I stumbled across this thread and started right away my long journey to exploring the teaching and methods of fti. What i can say till now (covered almost less than a 100 pages from the beging) that this is probably one of the best things i have read. However, due to my curiousty, yesterday i fast forwarder the thread a little bit and was honestly complete hit when i saw how the things developed. First, only after couple of months, leighsww (greater supporter and cheerleader
) changer entirely her attitude towards fti and left the thread (place which she so hard was trying to develop). Later i see that zoran was also banned by fti for some kind of quarrel. In one of his recent posts zoran is mentioning that now he is not trading anymore...I'm quite confused and start to wonder whether the efforts and time which i'm ready to devote to study this MO are worth. I understand very well that it depends a lot to the individual as i may see things that somebody won't and vice versa. But when you see people that initally were throwing great efforts and showed great enthusiasm to quit like this, you start wondering what may be the case. Of course it may come up that it has been only enthusiasum, but without dedication and strict following of the MO which was taught by fti, which resulted this.
Anyway, i'll be happy if the more experienced people share with me the story of this thread.
EKS
- #20,037
- Nov 2, 2010 7:33am Nov 2, 2010 7:33am
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
Hi All,
Couple of days ago, I stumbled across this thread and started right away my long journey to exploring the teaching and methods of fti....
It is hard work, very emotional too. People drift away in search of easier opportunities.
This thread is both - full of good advice and full of drama.
Maybe after you read it, you will decide that trading is not for you and move on.
Hi Piccolo,
Thank you for the reply. I see what you say and couldn't agree more that trading needs persistance and dedication. I do have a day job (still) but also manage to spend significant time on my trading education, so currently 15 hours a day working is not a problem as i know what i'm trying to reach. My question was mainly because there is a lot of scam in this business and i've seen many times something start promising and ending in some paid scam, so i was checking whether this is not another "promising" scam.
Seeking the short cut (holy grail) has been always very common.
Thanks
EKS
Thank you for the reply. I see what you say and couldn't agree more that trading needs persistance and dedication. I do have a day job (still) but also manage to spend significant time on my trading education, so currently 15 hours a day working is not a problem as i know what i'm trying to reach. My question was mainly because there is a lot of scam in this business and i've seen many times something start promising and ending in some paid scam, so i was checking whether this is not another "promising" scam.
Seeking the short cut (holy grail) has been always very common.
Thanks
EKS
You got to love trading. If you do and want to spend the rest of your life 10 hours a day at a computer screen (or six screens) then, yes, read this thread.
It is hard work, very emotional too. People drift away in search of easier opportunities.
This thread is both - full of good advice and full of drama.
Maybe after you read it, you will decide that trading is not for you and move on.
- #20,040
- Nov 2, 2010 7:58am Nov 2, 2010 7:58am
- Joined Oct 2007 | Status: Trader | 4,269 Posts
Hi All,
Couple of days ago, I stumbled across this thread and started right away my long journey to exploring the teaching and methods of fti. What i can say till now (covered almost less than a 100 pages from the beging) that this is probably one of the best things i have read. However, due to my curiousty, yesterday i fast forwarder the thread a little bit and was honestly complete hit when i saw how the things developed. First, only after couple of months, leighsww (greater supporter and cheerleader
Hi EKS,
welcome to the thread!.
Yeah there are ups and downs with this thread - we are all human and so there are some misunderstandings and resentiments as everywhere in life ...
I'm a reader from the early beginning of this thread.
Guess I made my first posting around june 2008.
All I can say: If you are going to trade fulltime and you want to do it to earn your money for your living by trading, you are at the right place.
Maybe you have got the advice already, the first 200 pages are the basics of fti's teachings. After that you'll find a lot of smalltalk, but some very important trading insights as well. But not in a so compressed way as in the first 200 pages.
If you want to scan the attachments you'll find some compilation of the thread in word or psd format. Makes it easier to read the thread offline.
It takes time to grasp fti's concept and to make a second nature, but it is worth every minute ...
Best Regards,
MaMood