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Technical Analysis Fallacy

  • #20,321
  • Nov 15, 2010 6:20am Nov 15, 2010 6:20am
Hey friends, where are you today?
No one trading?

Have only made a few pips this morning during London Opening session being EU short. Now waiting for some more action and for the US figs ...

CU,
MaMood
  • #20,322
  • Nov 15, 2010 6:25am Nov 15, 2010 6:25am
Quoting MaMood
Hey friends, where are you today?
No one trading?

Have only made a few pips this morning during London Opening session being EU short. Now waiting for some more action and for the US figs ...

CU,
MaMood

i'm good Niels

http://photos-b.ak.fbcdn.net/hphotos..._4193852_s.jpg

regards
Success consists of going from failure to failure without loss of enthusiam
  • #20,323
  • Nov 15, 2010 7:30am Nov 15, 2010 7:30am
Quoting dongsky
i'm good Niels

http://photos-b.ak.fbcdn.net/hphotos..._4193852_s.jpg

regards
... picture amused me
  • #20,324
  • Edited 10:55am Nov 15, 2010 9:58am | Edited 10:55am
Quoting lilpip
getting the pulse for e/u
with scout in heading south, note taken 3747 and watching how she reacts to 3724
will be watching 3547 area and how 3580 responds.

watching u/j and how she responds 82.87 and 83.09 area is noted.

along with 3 kingdoms, a/u 9869, lets see how 9902 area responds.
  • #20,325
  • Nov 15, 2010 3:05pm Nov 15, 2010 3:05pm
Hi Friends,

my trading was only a light version today.

Still reading fti's postings. If you are really interested in his way of dancing read his posting around the 3rd and 4rd August 2008. If you are redaing very carefully, you can find so many insights in his postings respectively his MO.

Will call it a day now.

CU tomorrow around London Opening.

MaMood
  • #20,326
  • Edited 7:19pm Nov 15, 2010 6:17pm | Edited 7:19pm
eyes on e/u 3565 area
lets see what this 3606 area does

along with 3 kingdoms watching a/u 9819, 9850
  • #20,327
  • Nov 15, 2010 11:37pm Nov 15, 2010 11:37pm
note taken e/u 3656 with eye on 3635 and how she responds to it.
tuesday areas of extra interest
3785
3656
3523
  • #20,328
  • Nov 16, 2010 1:36am Nov 16, 2010 1:36am
Good Morning Friends!

Just for info:

[...]
Fed President Dudley says Treasury buying equivalent to 75 bps rate cut, will have modest, positive effect on economy. Fed vice chairwoman Yellen says in WSJ interview would seriously consider more Treasury purchases if economy remains weak. Adds, Fed doesn't want inflation above 2.0%, sees unemployment above 8.0% through 2012.
[...]


Disclaimer: Be aware of possible Cow Dung included ;-)
  • #20,329
  • Nov 16, 2010 2:59am Nov 16, 2010 2:59am
Quoting MaMood
Yeah - indeed.
Hope we will not have to battle against each other then
haha,
I see few challenges

.25% a day = 5% a month ,without leverage its a very very hard thing to do even under demo account ,
u need to focus and dedicate every day of the 3 months to just doing this, which means u cant trade ur live account for 3 mths ...

2nd challenge is the month of December , highly illiquid month , but then it affects everyone else, so that doesnt really matter...

the risk thing is the best part , eliminates gambler completely
its pretty cool i think
To Live is the rarest thing in the world , Most people exist , that is all
  • #20,330
  • Nov 16, 2010 3:08am Nov 16, 2010 3:08am
Quoting maheswara
haha,
I see few challenges

.25% a day = 5% a month ,without leverage its a very very hard thing to do even under demo account ,
u need to focus and dedicate every day of the 3 months to just doing this, which means u cant trade ur live account for 3 mths ...

2nd challenge is the month of December , highly illiquid month , but then it affects everyone else, so that doesnt really matter...

the risk thing is the best part , eliminates gambler completely
its pretty cool i think
Yeah like that risk relevant ranking too.

BTW: Will be very cool, when all the TAF traders have a meet in at the award ceremony, when they have won places 1 to 10
  • #20,331
  • Nov 16, 2010 3:09am Nov 16, 2010 3:09am
Quoting MaMood
Yeah like that risk relevant ranking too.

BTW: Will be very cool, when all the TAF traders have a meet in at the award ceremony, when they have won places 1 to 10
lol ya that wld be pretty awesome
To Live is the rarest thing in the world , Most people exist , that is all
  • #20,332
  • Nov 16, 2010 3:18am Nov 16, 2010 3:18am
Preparing for GBP CPI figs now.
12 minutes left ...
  • #20,333
  • Nov 16, 2010 3:49am Nov 16, 2010 3:49am
Preparing for the next figs in about 12 minutes.

With Cable I have made some small pips with scout only on the way down form the top to 6058.
Now I'm squarred.
  • #20,334
  • Nov 16, 2010 4:08am Nov 16, 2010 4:08am
Figs are better than expected.
Scaled in on the way down to 1.36.
Now i have finnished L2 attack, scout still in ...

Facing strong resistance now at 3616 level
  • #20,335
  • Nov 16, 2010 4:11am Nov 16, 2010 4:11am
Quoting MaMood
Hi Friends,

my trading was only a light version today.

Still reading fti's postings. If you are really interested in his way of dancing read his posting around the 3rd and 4rd August 2008. If you are redaing very carefully, you can find so many insights in his postings respectively his MO.

Will call it a day now.

CU tomorrow around London Opening.

MaMood
I can find no record of it?
last record: Posted Oct 16, 2008
  • #20,336
  • Nov 16, 2010 4:28am Nov 16, 2010 4:28am
Quoting Gro
I can find no record of it?
last record: Posted Oct 16, 2008

Hi Gro!

Hmmh - talking about the pages from ~310 to 330 ff.
Will send you a link later.
Have to leave for lunch now.

Cu,
Niels
  • #20,337
  • Nov 16, 2010 5:32am Nov 16, 2010 5:32am
Quoting MaMood
Hi Gro!

Hmmh - talking about the pages from ~310 to 330 ff.
Will send you a link later.
Have to leave for lunch now.

Cu,
Niels
Hi MaMood

I'm stupid, I was looking for it somewhere else ... I trying to quit smoking = confusion +
I found it and thanks MaMood

Rgs
  • #20,338
  • Nov 16, 2010 5:40am Nov 16, 2010 5:40am
dongsky, Is it possible for me to login and watch you trade?
Rgds/Kevin

Quoting dongsky
i downloaded their platform... it's just mt4 nothing fancy i already registered !
  • #20,339
  • Nov 16, 2010 6:42am Nov 16, 2010 6:42am
Just for info about Ireland ....

.
Attached Image
  • #20,340
  • Nov 16, 2010 7:14am Nov 16, 2010 7:14am
Who here dances the 5 min timeframe with limited time or has been successful with limited time to trade. Let's say you just have the morning NY session to trade is there enough volatility to do rescues etc? Or do you sometimes open a correlated pair so that you can come back later. Still reading the thread but this is the biggest issue I see. I'm sure its been discussed before . But I thought the correlation trade would be one way to deal with it so that one could come back to the trade at a later time without just killing it if its not necessarily lost yet or has went against the current impulse.
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