Technical Analysis Fallacy

Ouch ...
Please open skype for chatting.
We are to slow here

That have been some SL's only ...

Still 20.000 in the battlefields?

Looks very valuable information here. Just started to read it. Will soon post my questions here.

Is it going down now?
So use you opportunity, when it arises!!!

All the best Fana!

Still in that range Niels... Thank you:-)

Wow what a day. I just got back from taking the afternoon off to visit the doctor. Had one trade long the E/$ at 1.3039 that I hoped would develop over the afternoon and it sure did develop! I entered with the idea that I'd get 20 pips and square, but things just took off. I will hold this one with a stop at 1.3089, hoping to get a few more pips at Tokyo. Good trading everyone.

Fana, just read your posts. What is your situation now?

Hi GEfx. I have a good plane, (consulted the situation with Niels...) Now waiting for direction...

I just looked on skype and he is not online, so I assume you guys are ok. Good luck Fana!

Yes, we discussed it before. Thanks

Now that Tokyo is open: I will exit my long E/$ position at 1.3112, and consider a short position at that time. Good trading everyone!

Can anyone tell me what this means?

Thanks.
Joe

option expiries @ 1.3050

I am just now beginning to find my equilibrium. I am throughly enjoying this equilibrium process since I am really starting to feel difference between dance paces. If I am too nimble, my psychological pain threshold increases, causing unnecessarily dangerous flips as well as fear of riding the trending legs. If I am not nimble enough, then my rescues become dangerous and I will become inattentive to the "now".

I think while being nimble was my primary goal in 2010, it is important now that I am not more nimble than the market asks (in sync with the lady). This determined via the terrain, leg sizes, news ect.

I also came across the front/middle/back humped attack. This should help me adjust to market conditions as the lady responds.

Also a question for fti or anyone who knows about mmakers. Since they have a ball and chain of about 2pips due to fear of arbitrage, does that mean they keep an average very very close to the market? How far do you keep your average from the price on a ranging day with legs of about 30 pips? How about for larger trend runs?

Hi Fana,

I hope you got out OK.

Today is a big news day, so stay nimble.

Regards,

Hi Piccolo. I am OK, thank you for asking... another twice coffe on a way

Just an update on the news front:

* 13 Jan 11: 06:36(SGA) - FX NOW! EUR/USD, USD/CHF Flows - PM Leterme does not think Belgium needs stability fund

Euro under pressure, despite talks of strong US money center banks, macro funds, Swiss, Europeans buying around 1.3100 - in excess of EUR1bln. Speculation of selling from Asian, sovereign, China real money accounts from 1.3120-30, having bought at 1.29 lows. Focus on Spain and Italy bond auction today for the yields demand. Meanwhile focus on Belgium as well - with concerns over political instability. Belgium caretaker PM Yves Leterme says will do whatever it takes to defend euro. Does not think his country needs stability fund. Nothing justifies bond yield spread widening.- paper- Reuters. Talks of large trailing stops below 1.3070-80, low so far 1.3092. Could see early Europeans, East Europeans, Russian, M.E. selling. USD/CHF looking bid at 0.9693-95, offers at 0.9730-50. WL

Good Morning Friends!

Hope you are all doing well!
Starting my morning preparation now.

Cu,
Niels

Good morning. I am still in that...
L4 short e/u 13118