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Technical Analysis Fallacy

  • #20,461
  • Nov 24, 2010 7:41am Nov 24, 2010 7:41am
Seems the opinion of the media has changed for now:


Strong German Data not good for EUR
1333 GMT [Dow Jones] Good news for Germany is now bad news for the EUR as the euro zone splits even more obviously into two, says Nicholas Hastings in Forex Focus. Up until this week, the strength of "core" euro zone economies was seen as a good thing. Larger members, such as Germany, would eventually drag smaller weaker members into the positive growth sector and secure an end to the current financial crisis. But this has now all changed. ([email protected])
Contact us in London. +44-20-7842-9464 [email protected]

Disclaimer: Be aware of possible Cow Dung incuded ;-)
  • #20,462
  • Nov 24, 2010 8:40am Nov 24, 2010 8:40am
Just for info:

.
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  • #20,463
  • Edited 9:43am Nov 24, 2010 9:04am | Edited 9:43am
Quoting MaMood
Always searching for some new hints about fti's tactics.
Have found something ...[indent][i]no Gro bear not that.
Its just that after more than 14 hours of buillding up bear positions. She gets a little overweighted. Then mkt must find an excuse to shake the weak holders off the trail.The sell off point was 00. how the market dance the 00 will tell us whats her mood.

there are only two possibilities, so watch out for tell tale signs, She will signal you at least 3 times before her move, probably more. so you may want to prepare another scout,...
crucify me but ...
Posted by Green_David Is U/J price now a sampan, dingy, or a helicopter?

If it is a helicopter, I better cut with 11 -pips.
Who can tell me?
E/U and G/U sitting ducks out?

fti:
Ai ya whats with the pips, think from your feel, never think because of pips.
If its good, strategise a fight plan.
If you feel uncomfortable, just set it free la.
At least then your thinking will not be paralysed with the position.

Based on YEN chart read , there is a little usd drop expected, upside usd potential already tested, and nothing doing there.

now the pic clears, lets see if the bears that bailed can get on board again without chasing.LOL

preparing attack sequense for after lunch now.
its going to be fast so no commentary from me.
Each man look after you own butts.
and don't jump the gun, remember after lunch and when the head are lipping, please, or you butt itches, whichever comes first.

still watching , not yet

noting lead is in cable

go, g,go

Posted by Green_David Maybe prepare for 2950~2960 is better?
Wish I will not wait until 4am.

fti:
so far no rescue window opens , therefore rescue is ill advised.
R3 remaining on standby
What is the window.

Btw, I added @2984, 4084(GU).

Edit: closed 2984 part with 18pips. close with 6 pips for gu part. You said the window is not open yet, so better closed the resues. I wishi it is "open sesame".

cutting loss on scout 2 and a2, here

scout 1 remains
cuts at 2x97 and 1x95

Still got 2 scouts out in the field. bleeding away.

comes with the job, my friends.
occupational hazzard, only wish there was a crystal ball,
makes life easier, but crystal balls break , balls of steel doesn't.

Posted by auxesis lets see what happens here around he 2950 level

fti:
probably nothing.
U see it is quite clear already.
The mkt is caught too over weighted bear USD.
then although there's much reason to bear stampede.
The market is trying very hard to shake off some .
the usd bulls are no where in sight , if they were we would had a reversal already.
The usd bears are self feeding, and this may take some time.
So anyway the mkts will carry into tokyo zone, should be interesting.
and I have to be on her. Todays profits , well in book already, only that I will be trying to capitalise on the on going momentum.
For now only the strong holders may survive into Tokyo.

If I hadn't tajken out the attack earlier, would be dead as doornail by now.

Posted by auxesis Then it be a boring night.........

fti:
not necessarily.
after a shake down, depending on how deep they wanna shake. then they may play in thin twinlight. and when tokyo comes on the bears that got shaken out may find it hard to find levels to reinstate.

Or course we may play right into a reversal, but there seems no signs of that yet. Thats why I have to be on her, just in case she does. although its only scouts out there, the discipline is to manage them professionally. I cou;d just cut tail , as loss is insignaificant, or set a stop and leave it to fate and brokers. Then that, I guess is the difference between a pro and the novice.

like I was trying to educate all who aspires to trade for a living. Trading needs you to be in control always. If you give that away for any reasons whatsoever, then there is a price you will have to pay for that liberty.
Trust me,when I tell you that I had seen all kinds in the market. Success in trsding requires class discipline at the extremes coupled with mental and skills resilence of the highest order. To trained people , its normal everyday stuff, unfortunately this is alien to the masses mindsets.
  • #20,464
  • Edited 11:56am Nov 24, 2010 9:52am | Edited 11:56am
Quoting MaMood
Always searching for some new hints about fti's tactics.
Have found something ...[indent][i]no Gro bear not that.
Its just that after more than 14 hours of buillding up bear positions. She gets a little overweighted. Then mkt must find an excuse to shake the weak holders off the trail.The sell off point was 00. how the market dance the 00 will tell us whats her mood.

there are only two possibilities, so watch out for tell tale signs, She will signal you at least 3 times before her move, probably more. so you may want to prepare another scout,...
Hey MaMood or another idea?

OK I try

Note that we are on the forth day of bear usd run so be prepared for a fight at the tops
14 hours of bear buillding positions = a little overweighted

there are only two possibilities
signal least 3 times
other scout deploy, also gets in trouble = know that we are on the wrong trail
do not have R/S or lines. You will truely be able to feel where it truely resist
If resistence is detected, bail out scout and army in a hurry

PS Anyway thanks for sharing, "there are many fish in the water"
  • #20,465
  • Nov 24, 2010 10:18am Nov 24, 2010 10:18am
Quoting Gro
Hey MaMood or another idea?

Hi Gro,

busy with trading.
Have to focus on my charts for now.
Will be back later ...

CU,
Niels
  • #20,466
  • Edited 1:52pm Nov 24, 2010 1:04pm | Edited 1:52pm
Quoting Gro
Hey MaMood or another idea?

OK I try

Note that we are on the forth day of bear usd run so be prepared for a fight at the tops
14 hours of bear buillding positions = a little overweighted

there are only two possibilities
signal least 3 times
other scout deploy, also gets in trouble = know that we are on the wrong trail
do not have R/S or lines. You will truely be able to feel where it truely resist
If resistence is detected, bail out scout and army in a hurry

PS Anyway thanks for sharing, "there are many fish in the water"
Hi Gro,

was not sure, what you have been referring to with your posting.
That your name has been mentioned at the beginning was not the reason for posting it again. So I was not relaying to any conversation between you and fti.
Worth remembering for me was the point with deployment of a second scout and in the next paragraph, the part with the forth day usd bear and the expected fight at the tops ...

Hmmh - still not sure why I should cruzify you?


CU,
Niels
  • #20,467
  • Nov 24, 2010 1:54pm Nov 24, 2010 1:54pm
Quoting MaMood
Hi Gro,

was not sure, what you have been referring to with your posting.
That your name have been mentioned at the beginning was not the reason for posting it again. So I was not relaying to any conversation between you and fti.
Worth remembering for me was the point with deployment of a second scout and in the next paragraph, the part with the forth day usd bear and the expected fight at the tops ...

Hmmh - still not sure whay I should cruzify you?

CU,
Niels
Hi MaMood
Now I understand, "second scout" for you interest.I do not mind my name, but the continuation posts of this theme is interesting for me.
There are plenty of other things, e.g. 14hours and the fourth day trend etc.
... crucify me for a long post
Rgs
  • #20,468
  • Nov 24, 2010 2:22pm Nov 24, 2010 2:22pm
Just for info:

.
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  • #20,469
  • Nov 24, 2010 2:24pm Nov 24, 2010 2:24pm
Quoting Gro
Hi MaMood
Now I understand, "second scout" for you interest.I do not mind my name, but the continuation posts of this theme is interesting for me.
There are plenty of other things, e.g. 14hours and the fourth day trend etc.
... crucify me for a long post
Rgs

Ah - well, now I got it.
My brain is not very smart tonight ..
  • #20,470
  • Nov 24, 2010 3:43pm Nov 24, 2010 3:43pm
Dear FTI,

today is a very special day:
You have started this invaluable thread exactly 3 years ago!

I know you have still a lot of deep doubts, that any of your students has got close to your teachings at all or will even get close to it in the future

Well - I do not know also. But I do know, that you great efforts, your time, your patience, your knowledge and your wisdom have shown many people the way, to get closer to their goals. Reading your thread and rethinking the presented stuff does change someones life to the better. At least that's what happened to me.

Want just say thank you, FTI!!!
You are in my heart and will be in my memories for ever!

Hope that you have been able to solve most of your recent problems.
I'm sure all your TAF students will send their best wishes and good vibrations to support you in fighting your problems.

Kind regards,
Niels
MaMood

PS.: Of course I want to thank all the valuable contributors to the thread as well. You have made this possible, Friends!
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  • #20,471
  • Nov 24, 2010 3:47pm Nov 24, 2010 3:47pm
Inserted Video


  • #20,472
  • Nov 24, 2010 7:04pm Nov 24, 2010 7:04pm
Dear General

Exactly three years you give training, your long-term knowledge, those who are willing to accept these gems of thought.

Many thanks you for the "art of survival" - Art of War.

unknown warrior
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  • #20,473
  • Nov 24, 2010 8:42pm Nov 24, 2010 8:42pm
sure doesnt seem very motivated to head north, 3355 noted.
  • #20,474
  • Nov 24, 2010 8:56pm Nov 24, 2010 8:56pm
Quoting lilpip
sure doesnt seem very motivated to head north, 3355 noted.
I'm questioning the desire of the market to go anywhere atm.

zzzzzzzzzzzzzzzzz
  • #20,475
  • Nov 24, 2010 9:43pm Nov 24, 2010 9:43pm
Quoting MaMood
Seems you have published it accidently in your FaceBook foto gallery
I never have the time to get on their but you had me goin , just had to look, thought maybe you stuck it there, If its there I couldnt find it.
  • #20,476
  • Nov 24, 2010 9:55pm Nov 24, 2010 9:55pm
Quoting auxesis
I'm questioning the desire of the market to go anywhere atm.

zzzzzzzzzzzzzzzzz
You think this is bad, at least we had a move down, with silver its worse I havnt even attempted this week, so boring theres no interest and thats rare.
  • #20,477
  • Edited 10:45pm Nov 24, 2010 10:22pm | Edited 10:45pm
Happy anniversary to all.
with a moment of remembrance of our red headed stepmom (leighsww) who after inticing fti, concieved our family only to abandon us.
Yes leaving behind the kids and as in any family you have all shapes, sizes, personsalities and quirks, thanks everyone for keeping us together because we are family.
I appreciate you all and great job on pulling up exerpts from the text book and reminding us where our mindset should be.
  • #20,478
  • Nov 25, 2010 1:30am Nov 25, 2010 1:30am
Just for info:


[03:47 GMT Nov 25] The EUR/USD opened the Asian session at 1.3337 after the EUR sold off against other risk currencies during the US afternoon session. The EUR/USD traded up to 1.3361 in early Asia when the USD moved broadly lower when the Asian stock markets opened higher. The price action reversed later in the morning when Japanese accounts sold EUR/JPY and other JPY-crosses for the Tokyo fix. Asian stock markets gave back most of the early gains - with the Kospi falling 0.30% in the red after opening 0.50% higher.

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #20,479
  • Nov 25, 2010 1:33am Nov 25, 2010 1:33am
Juts for info:


[...]
Japanese importer and trust bank bids look to be in well ahead of 83.00 now, from the 83.20 level, and look to help support the downside well ahead of technical support in the 82.70-80 window. Offers remain topside from Japanese exporters and option players defending presumed barriers at 84.00 but stops are mixed in, notably above 83.85, 84.00 and 84.15. With the market still net short, the path of least resistance still remains up.
[...]

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #20,480
  • Nov 25, 2010 1:35am Nov 25, 2010 1:35am
US markets are closed today, so be careful and be aware of a very thin market.

Happy Thanksgiving!
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