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Technical Analysis Fallacy

  • #20,141
  • Nov 5, 2010 5:40am Nov 5, 2010 5:40am
The chatter is that everyone is waiting for today's employment report so there's a lot of position readjustments and hedging. On top of that news from Ireland are very bad and rumors are circulating that ECB is now purchasing not just Irish but Portuguese bonds as well. So given the risk-averse situation no wonder the dollar is now correcting.
For those with taste for more tactical positions, however, that would present a good "buy the dip" opportunity

Rgrds
S
  • #20,142
  • Nov 5, 2010 7:00am Nov 5, 2010 7:00am
fti,

My prayers are with you and your family!

Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

Thanks to some of you, who is working on keeping it alive, for the benefit of newcomers.
However, a little bird gave me some info, that i would like to alert traders to.

bernanke-experiments-with-crisis-tools.

http://www.bloomberg.com/news/2010-1...s-economy.html...
  • #20,143
  • Nov 5, 2010 7:09am Nov 5, 2010 7:09am
fti,

I will keep you and your family in my prayers.

God Bless
  • #20,144
  • Nov 5, 2010 8:49am Nov 5, 2010 8:49am
Hi again,

I guess the economic-freaks of our little family do already know about it.
I did not, so it was at least an interesting read ...

http://www.bloomberg.com/news/2010-1...ute-risks.html

Cu,
MaMood
  • #20,145
  • Nov 5, 2010 9:09am Nov 5, 2010 9:09am
Hi,

very strange: US existing home sales have been rescheduled for about 135 minutes from now ....
Hmmh .....
  • #20,146
  • Nov 5, 2010 9:14am Nov 5, 2010 9:14am
Quoting MaMood
Hi,

very strange: US existing home sales have been rescheduled for about 80 minutes from now ....
Hmmh .....
Between now and then may be worth trading. I will stay around a bit longer. Ray
  • #20,147
  • Nov 5, 2010 9:46am Nov 5, 2010 9:46am

Inserted Video
  • #20,148
  • Nov 5, 2010 9:55am Nov 5, 2010 9:55am
Quoting Gro

http://www.youtube.com/watch?v=iANRO3I30nM
Thanx for breeaking the boredom!


BTW: in 20 days we have 3rd anniversary of TAF thread ....
Let's have a party then ....
:-)
  • #20,149
  • Nov 5, 2010 11:35am Nov 5, 2010 11:35am
Quoting MaMood
Thanx for breeaking the boredom!


BTW: in 20 days we have 3rd anniversary of TAF thread ....
Let's have a party then ....
:-)
3rd anniversary of TAF thread:
We hope and wish that the FTI him the storm is in the final stage and he will make us happy again

I wish all the best.
  • #20,150
  • Nov 6, 2010 2:38am Nov 6, 2010 2:38am
Hey MaMood,
I'd appreciate it if you can briefly explain how/when you first determined that EU had short bias for last NFP Friday....and how/when your short bias was confirmed for the first time and then reconfirmed. I just would like to get the feel for your thought process for your trading method. I made some pips but still made novice mistakes and cut my shorts too early.
thx/Kevin

Quoting MaMood
Hi again,

watching cable M1/M5/M15 I#m ready to switch my bias to long now.
Waiting for a break of 1.6235 area now ....

Edit: Crazy market yet - My bias for Eu is still short ...
  • #20,151
  • Nov 6, 2010 10:47am Nov 6, 2010 10:47am
Quoting fti
Hi everyone,
...
i highly appreciate u updating us.
an unfortunate news.

God bless u & your family, Sir!
  • #20,152
  • Nov 6, 2010 11:06am Nov 6, 2010 11:06am
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
regards

PS: Please pray for my family's peace & safety as we navigate thru our storm.
God Bless.
Let us know if we can help in any ways. Hope you and your family are fine.
  • #20,153
  • Edited 1:00pm Nov 7, 2010 1:57am | Edited 1:00pm
Hi Friends,

will become an interesting week, next week.
A lot of EU GDP figs, especially Spain ...
And right now elections in Greece ....

http://www.bloomberg.com/news/2010-1...elections.html

So we will have to be very careful about fast changing sentiment through out the next week ..

Wish you a great sunday!

MaMood
  • #20,154
  • Nov 7, 2010 2:22am Nov 7, 2010 2:22am
Quoting MaMood
Hi Friends,

will become an interesting week, nect week.
Al ot of GDP figs, especially Spain ...
And right now elections in Greece ....

http://www.bloomberg.com/news/2010-1...elections.html

So we will have to be very careful about fast changing sentiment through out the next week ..

Wish you a great sunday!

MaMood
Thanks Niels for your valuable info

regards
Success consists of going from failure to failure without loss of enthusiam
  • #20,155
  • Nov 7, 2010 3:59pm Nov 7, 2010 3:59pm
Quoting fti
Hi everyone,

The situation i am in has becoming life threatening.
So i cannot be active on the thread yet.

regards

PS: Please pray for my family's peace & safety as we navigate thru our storm.
God Bless.
Sorry to hear of the distressing situation.
I pray that your able to maintain the right mental frame of mind.
Phillipians 4:6,7 reads
6 Do not be anxious over anything, but in everything by prayer and supplication along with thanksgiving let your petitions be made known to God. 7 and the peace of God that excels all thought will gaurd your hearts and mental powers by means of Christ Jesus.
  • #20,156
  • Nov 7, 2010 4:41pm Nov 7, 2010 4:41pm
Quoting MaMood
Thanx for breeaking the boredom!


BTW: in 20 days we have 3rd anniversary of TAF thread ....
Let's have a party then ....
:-)
I had not noticed this:
"FTI you're a member since November 5, 2007 and last logged on 4 November 2010 and wrote - The situation i am in has becoming life threatening ... PS: Please pray for my family's peace & safety as we navigate thru our storm.
God Bless."

"I'd like to see the donut and not the hole."
  • #20,157
  • Nov 7, 2010 6:11pm Nov 7, 2010 6:11pm
Been to taekwondo competition today, got lil bit my ass kicked, by guy who was hitting me in legs, ball and hands and not in chest protector. I countered him more points, but I lost because he was more agressive, bullshit. Anyway tht's the end of my competing career, tht was my first tournament, coach said me I was very good, but I dnt give a f.. I dnt wanna hurt other ppl and my health for god damn medal. I am gonna do taekwondo just for my personal endurance and joy =D all the best, good luck in next trading week
  • #20,158
  • Edited 9:42pm Nov 7, 2010 8:56pm | Edited 9:42pm
looking for direction, eyes on
e/u 3951
g/u 6099-6116
a/u 10104
u/j 81.18
no guessing, they will show us

sure taken its sweet time to get moven.
  • #20,159
  • Nov 8, 2010 1:13am Nov 8, 2010 1:13am
Quoting Kaptain Ahab
Hey MaMood,
I'd appreciate it if you can briefly explain how/when you first determined that EU had short bias for last NFP Friday....and how/when your short bias was confirmed for the first time and then reconfirmed. I just would like to get the feel for your thought process for your trading method. I made some pips but still made novice mistakes and cut my shorts too early.
thx/Kevin

Hi Kevin,

Will take a more detailed look onto my charts a little later. Have to do my preparation for London opening first. But if I remember right it was based on my M15 and M5 chart and the prevaling PA at that time.

Bt let me see a little later, if I can reconstruct what I was seeing at that time ...

Wish you a goood start into this new trading week!

Niels
  • #20,160
  • Nov 8, 2010 2:39am Nov 8, 2010 2:39am
Hi Friends,

inspired by an idea of Maheswara, I have started a little experiment this morning. I'm trying to trade an account with 500EUR only. According to my leverage I can max deploy 2.5 lots (with o.1 min lot size with my broker). This will force me to stay extremely nimble and focussed on my charts. Seems to be a good execise for me ...

Trading since London opening now and have made "fantastic" 15.35 EUR profit so far. Did a rescue on Cable and EU yet ...

If this experiment turns out to be doable in a proper way of very careful trading I'm pondering to do it in a NetViewer session together with you. But let's see, how it will turn out today ...

Wish you all the best!
MaMood
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