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Technical Analysis Fallacy

  • #21,821
  • Jan 12, 2011 6:36am Jan 12, 2011 6:36am
I was out for lunch and had no chance to trade that move down.

Sorry Marlon, that I may have influenced in your decision to flip to the long side. Was not my intention
  • #21,822
  • Jan 12, 2011 6:44am Jan 12, 2011 6:44am
Hi Friends,

i maybe crazy but,

Watching Bloomberg TV atm, there is a guy speeking from Barclays Capital in front of a trading room. And I'm sure that I can see a FF screen on one of monitors ...

  • #21,823
  • Jan 12, 2011 6:47am Jan 12, 2011 6:47am
Quoting MaMood
I was out for lunch and had no chance to trade that move down.

Sorry Marlon, that I may have influenced in your decision to flip to the long side. Was not my intention
No...worries MaMood...that was my agenda anyway...
  • #21,824
  • Jan 12, 2011 6:55am Jan 12, 2011 6:55am
Quoting MaMood
Hi Friends,

i maybe crazy but,

Watching Bloomberg TV atm, there is a guy speeking from Barclays Capital in front of a trading room. And I'm sure that I can see a FF screen on one of monitors ...

Must be what they do when they're not looking at soft porn

Wonder if they're reading this? Give us a wave!


Considering re-entering scout short in EUR-USD, tide seems to be going out...waiting patiently.
  • #21,825
  • Jan 12, 2011 7:05am Jan 12, 2011 7:05am
I'm not going to do anything before price is breaking outside that M5 mini range from 2985 to 2960.
Once again an exercise in patience ...
  • #21,826
  • Jan 12, 2011 8:01am Jan 12, 2011 8:01am
Quoting MaMood
I'm not going to do anything before price is breaking outside that M5 mini range from 2985 to 2960.
Once again an exercise in patience ...
i already peed 2 rounds
now going for 3 rd
trying skew agaist 75 from here
  • #21,827
  • Jan 12, 2011 8:06am Jan 12, 2011 8:06am
Quoting fti
i already peed 2 rounds
now going for 3 rd
trying skew agaist 75 from here

Was running up from 2985.
Atm I'm waiting for continuation or drop.
Playing this range now ...
  • #21,828
  • Jan 12, 2011 8:11am Jan 12, 2011 8:11am
I am square on the two GBP/$ trades with nice profit, and now am long the E/$ at 1.2998, shooting for a little more from the current price at about 1.3025'ish. Agree with MaMood that this is looking rangy and therefore must take pips when they are there. Back to focus...
  • #21,829
  • Jan 12, 2011 8:50am Jan 12, 2011 8:50am
OK, square on that E/$ trade at 1.3033 and on the sidelines eating breakfast. Time to re-work my charts to see if I am missing anything, but we sure seem to be range bound today. Later...
  • #21,830
  • Jan 12, 2011 8:50am Jan 12, 2011 8:50am
God old days are back...i slept for 8 hours and when i wake up next thing i see i have 6 pages of TAF to read.......

Nice way...


V

PS: BTW lot of US guys here in this thread i am from NYC....anyone whos is from NYC here too....would love to take for drink
  • #21,831
  • Jan 12, 2011 8:53am Jan 12, 2011 8:53am
Hi all,

I'm just starting out in forex. Looking to learn from the ground up.

I stumbled accross this thread and I've read the first 20 pages thus far.

I was interested to know what I will learn from this thread, does this teach a philosophy rather than a method of trading?

Do all the people here have a different trading plan but follow FTI's techniques for conquering our mental weaknesses, or rather our self destructive behaviour?

On an unrelated topic, can anyone recommend other similarly useful reading materail for a noob like me just starting out?

Thanks in advance, Nathan
  • #21,832
  • Jan 12, 2011 8:55am Jan 12, 2011 8:55am
5 more minutes till NY options cut is history.
Curious if we will go up more then ...
  • #21,833
  • Jan 12, 2011 8:56am Jan 12, 2011 8:56am
Quoting indianguyinny24
God old days are back...i slept for 8 hours and when i wake up next thing i see i have 6 pages of TAF to read.......

Nice way...


V

PS: BTW lot of US guys here in this thread i am from NYC....anyone whos is from NYC here too....would love to take for drink

Hi Vick!

Unfortunately I'm a little to far from NY to just take the next bus ...
But we have a very fine "Harry's New York bar" here.
Fine drinks.
And also a good sortimentof rice wine ...
  • #21,834
  • Jan 12, 2011 8:59am Jan 12, 2011 8:59am
Quoting MaMood
Hi Vick!

Unfortunately I'm a little to far from NY to just take the next bus ...
But we have a very fine "Harry's New York bar" here.
Fine drinks.
And also a good sortimentof rice wine ...
Lets make a plan ...and i promise if i am in Europe ( as my brother is in london and i was there in 2003) i will definitely stop by at Munich in that bar ...

V
  • #21,835
  • Jan 12, 2011 9:07am Jan 12, 2011 9:07am
Quoting MaMood
5 more minutes till NY options cut is history.
Curious if we will go up more then ...
this strike is empty.
likely scenario is tom will be tight range.
Then thursday again the bonds fiasco.
BUT dance


goodnite.
  • #21,836
  • Jan 12, 2011 9:07am Jan 12, 2011 9:07am
Quoting -nate-dogg-
Hi all,

I'm just starting out in forex. Looking to learn from the ground up.

I stumbled accross this thread and I've read the first 20 pages thus far.
Good for u ....

Quote
I was interested to know what I will learn from this thread, does this teach a philosophy rather than a method of trading?


You will learn trading....but as in By-Product u will become a better person...

Quote
Do all the people here have a different trading plan but follow FTI's techniques for conquering our mental weaknesses, or rather our self destructive behaviour?

Lets see what u get out from it....Now go and finish 200 pages...if u think its hard ....imagine i still reread the thread time to time.....

Quote
On an unrelated topic, can anyone recommend other similarly useful reading materail for a noob like me just starting out?

Thanks in advance, Nathan

Read this thread u will thank urself how much time u saved....


V
  • #21,837
  • Jan 12, 2011 9:10am Jan 12, 2011 9:10am
Quoting fti
this strike is empty.
likely scenario is tom will be tight range.
Then thursday again the bonds fiasco.
BUT dance


goodnite.

Goodnite fti.
Great to dance alongside with you.

CU,
Niels
  • #21,838
  • Edited 9:15am Jan 12, 2011 9:12am | Edited 9:15am
Quoting -nate-dogg-
Hi all,

I'm just starting out in forex. Looking to learn from the ground up.

I stumbled accross this thread and I've read the first 20 pages thus far.
What indianguyinny24 said.

You are very fortunate to come across this thread at such an early stage in your learning. Most, like me, accumulate a vast amount of useless junk and then have to un-learn it again.

Stick at it and take notes.

Beware of mirages, the trading world is infested with them and they are very seductive.
  • #21,839
  • Jan 12, 2011 9:16am Jan 12, 2011 9:16am
Quoting fti
this strike is empty.
likely scenario is tom will be tight range.
Then thursday again the bonds fiasco.
BUT dance


goodnite.
Good night fti sleep well.
  • #21,840
  • Jan 12, 2011 9:37am Jan 12, 2011 9:37am
I'll definitely carry on reading... then perhaps I'll read it again!

From what I've learnt from others, in Forex it's not worth going down the road of indicators and systems.

I like the idea of trading naked, that's why I was drawn to this thread, been reading up on price action too.

Thanks for the responses.
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