Technical Analysis Fallacy

Have seen that article too this morning.
Seems HeliBen has not tto much friends :-)

Not sure if I should better spend my time on something else than trading. Do not expect much action during NY holiday session ..

CU,
MaMood

Yep, loneliest job in the world these days

Short again on the E/$ at 1.3724 and protecting 1.3704. Oops, just took my limit at 1.3684 so back to the sidelines for me. Strong pulse as Dow drops.

Also supported by Gold down move ...
and pretty nice synchronicity of 3Kgds.

Yesterday low may deliver some support now ...

Watch out.Major player is always oil.Everyone rewind for "greasy fingers".Gold "then lead" currency.My experience: Oil+Gold in sync, shows the direction for E/U.

Rigidity kills :nerd:

PS someone in the E / G?

my disorder in 3 kgds corrected in E / G

Back in the E/$ at 1.3689, protecting 10 pips in what is probably my last trade of the day. I may post these trades on my journal later today. Hope you all trading well.

Hi GE,

finally yes.
But I entered much to late into tha move down. So I had to do a rescue from retrace to the level you mentioned down to 3670. Now average price for my troops around 3673. Waiting for some SL's elow 3650 and defending my BE level for now.

Not sure if my idea will work out.
But that'S trading: You'll never know ...

Have a nice evening then!

CU,
MaMood

whoever wants to hunts that stops, he has still not given up on that idea. So I saty patient with my troops with me ....

G/U "freed from prison"

Correction:Watch out.Major player is always oil.Everyone rewind for "greasy fingers".Gold "then lead" currency.My experience: Oil+Gold in sync, shows the direction for E/U.
Oil+Gold in sync, as guide for E/U.Major relationship is in 3kgds.

I'll be crucified

I think it's going to try (at least). I am still in my last trade and protecting the entry price, if it hits those stops this may be the best trade of the morning. Going to stop soon to get some rest.

Yeah - but I'm not sure in which way to think:
in round about 43 minutes London boys will go home.
So the time window for that hunt may close.
Or it may get wider opened, because there is no one to defend that level than ....
We will see ...

Hope this might help ....



.

There are no stops!!!

Troops out now.
scouut still in.
But will focus on other things now ...

CU later again ...
MAMood

Don't worry at least I knew what you were talking about.
And I have watched for that relationships for the past few hours.
Very helpful indeed.
Not crucified, but you will receive a knighthood

Wow - these guys must have a chrystal ball:

NEW YORK November 11 IFR - The long awaited determination from the cycle gurus is in, they note...

"There is a significant chance the euro has seen a major peak, but we are expecting a second peak in late November or early December. It should form a low on Thursday and then turn higher and begin at least a weak rally into the week of November 22 and possibly several weeks longer. It can climb back up to the 1.4100 area and we consider this a good place to sell. It should then resume its downtrend and a close below 1.3525 will signal the strong phase of the downtrend is underway and that it is headed lower into February or longer, falling to 1.2700 at a minimum."
[...]

Disclaimer: Be aware of possible Cow Dung included ;-)

Found an interesting posting in a valuable thread by Fudomyo:

hi Cindy,

I have a couple of thoughts I'd like to share with you about process.
place a diamond on the horizon and put your mind there, don't focus on your feet. the journey from here to there takes a lot of steps but counting them will drive you mad, it makes the road seem too long.

break the day into reasonable goals and set an orderly structure to your process.

distraction can seep into your process so you need to define clear boundaries. become comfortable with silence. no great thinker or businessperson listens to music while they work. itunes, youtube, FF, twitter are not tools, they are distractions.

there is always something to study, a part of your process to improve, aspects of your personality to refine. anyone who thinks they have a lot of free time is not doing this correctly. free time is the time we give ourselves where we can turn off the computer and live life.

trading is like meditation or a martial art. you need to create the mental discipline to become completely immersed while remaining focused and balanced. if you view it this way, it becomes something very different.

when you're feeling like you've hit a wall or a point of frustration about your work, create new challenges for yourself, new exercises to hone your skills in a different way. it helps keep to keep you on track (especially times when the markets hit a frustrating jag).

there's many exercizes and approaches you can work into your regime. kind of like going to the gym.

remember that every great person started with the same doubts, frustrations, and difficult times. they got there by doubling down on their efforts through the rough patchs and by remaining incredibly driven. I think many people make the mistake of thinking they can multiprocess well, but if you study six simga efficiencies, it's just not true.

a friend of mine has very strict rules for his firm. all casual internet access is blocked, mobile phones are switched off, and only land lines are functional. lol, it's like the 1950's in his office.

but guess what? his company outperformed his competition by a large margin, everyone enjoys larger bonuses than their counterparts, and people are trying to get in, not out.

it may not seem as fun or casual an approach, but it makes the difference between skating along or excelling.


anyway, just some random thoughts that sprang to mind reading your post, hope some of it is useful.


http://cdn.forexfactory.com/images/s.../yim/happy.gif
__________________
"If you come to a fork in the road, take it." - Yogi Berra

"traders with rain" these guys and now is NOW :nerd:

PS miscalculation (flv. video)

Hi MaMood
I not will create to misunderstanding.My opinion
We must know what the enemy thinks, but we remain ...

"Born Free (lyrics)

Born free, as free as the winds blow.
As free as the grass grows,
Born free to follow your heart.

Live free, and beauty surrounds you.
The world still astounds you,
Each time you look at the stars

Stay free, where no walls divides you,
You're free as a roaring tide,
So, there's no need to hide.

Born free, and life is worth living,
And only worth living,
Cause you're born Free."

Rgs

Good Morning Friends,

phew - really strong USD bulls on the fields out there.
Unfortunatley I have arrived a little late in my trading room, so I can not take part yet, before I have finnished my chartwork and news scan ...

Have to hurry :-)

Cu,
MaMood