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Technical Analysis Fallacy

  • #22,861
  • Feb 8, 2011 9:11am Feb 8, 2011 9:11am
Quoting lovecraft
indianguy,
that sounds fascinating, can you tell me a little more about the meditation technique that you learned? Does it also involve sleeping in short periodic stretches?
hey Craft,

Well i have a full time job which takes i start at 8am end at 6pm then i come back home and trade the asian session from 8.00 in evening (i am in EST NYC ) til sometime 3-4 in morning.

So this was tiring me like anything...till i found this exercise now even if i have slept 2 hours i can still work with DECENT awareness...though i am still tired..

If u ask me i can sum it up .....this exercises makes ur Lungs More efficient and u burn more oxygen in ur body and ur metabolism is high...it has a touch of meditation on it so keeps ur mind calm too...

@ ukmanthailan

Thanks buddy for the effort....would love to read the book...if u can spare some crossdressing time to the book....


V
  • #22,862
  • Feb 8, 2011 9:17am Feb 8, 2011 9:17am
Quoting Fana
Hi Vick. Not tonight, but every day:-). I stick to London and New York sessions...
Btw, how is in NY? Snow still? Here some signs of the spring already...
They are still freaking clearing snow from last snow storm......i can see budget cut effects on NYC




V
  • #22,863
  • Feb 8, 2011 9:19am Feb 8, 2011 9:19am
Hi Vic,

I edited that post. If you have another look there is a link to an online pdf of the book so you can read it for free and I can go wild with the frocks.
  • #22,864
  • Feb 8, 2011 9:23am Feb 8, 2011 9:23am
Quoting ukmanthailan
Hi Vic,

I edited that post. If you have another look there is a link to an online pdf of the book so you can read it for free and I can go wild with the frocks.
U T MAN

V
  • #22,865
  • Feb 8, 2011 9:37am Feb 8, 2011 9:37am
Yesterday was great, up 4.5%. A very messy day for me today though with lots of mistakes, but I ended up 0.7% instead of down and I think I'll leave it at that. Not so long ago I would have been in real trouble on a day like this, so maybe I'm growing up

Good luck to everyone west of me who is still in the markets (And anyone east of me who likes staying up late).
  • #22,866
  • Feb 8, 2011 9:56am Feb 8, 2011 9:56am
JUst an fyi, I am now long the euro at 1.3654, protecting the entry price with a full position.
Edit: I must be getting tired. I watched the euro fall back to 3641 and failed to enter another position. Leaving money on the table but also getting tired so this will be my last trade of the day. Good trading ukmanthailan, I love seeing traders post good news here. Have a great and safe trading day everyone!
  • #22,867
  • Feb 8, 2011 10:01am Feb 8, 2011 10:01am
OK, cable is trying to move farther south, and euro is now at critical area around 3620'ish. We'll see. GEfx

By the way, why did you say earlier that the EUR/USD was at a critical area at 1.3620s ? Ray
  • #22,868
  • Feb 8, 2011 10:32am Feb 8, 2011 10:32am
Quoting k.k
Where is Mamood or Gro today?
... gro is dead ... financially, socially and maybe family ...
rgs
  • #22,869
  • Edited 10:53am Feb 8, 2011 10:40am | Edited 10:53am
Quoting 1234
OK, cable is trying to move farther south, and euro is now at critical area around 3620'ish. We'll see. GEfx

By the way, why did you say earlier that the EUR/USD was at a critical area at 1.3620s ? Ray
Hi Ray, I noticed that the euro had a difficult time around the 3625 (+/-5) price level. If it got through that level it would move farther south, and if it bounced (which it did) it would move well, too. In addition, there is a trend line around that level, too, which it bounced off of and is now moving back to the upper trend wall. Not trying to convince anyone of TA techniques, but just my observations. I'll post a chart on my journal. As fti has said, take note of how PA reacts to these levels and then move with the flow.

I am out of the euro trade at 3684. Done!
  • #22,870
  • Feb 8, 2011 10:41am Feb 8, 2011 10:41am
Quoting Gro
... gro is dead ... financially, socially and maybe family ...
rgs
Gro, what has happened? Hope you are OK.
  • #22,871
  • Feb 8, 2011 10:45am Feb 8, 2011 10:45am
Quoting Gro
... gro is dead ... financially, socially and maybe family ...
rgs
I hope every thing will be o.k with you and your family. what happening?
  • #22,872
  • Feb 8, 2011 10:59am Feb 8, 2011 10:59am
Quoting Gro
... gro is dead ... financially, socially and maybe family ...
rgs
Gro,

U r Fkng Scaring me....whats going on................


V
  • #22,873
  • Feb 8, 2011 11:19am Feb 8, 2011 11:19am
Quoting Gro
... gro is dead ... financially, socially and maybe family ...
rgs
Hope everything turns out OK for you.

Regards,
Bak
  • #22,874
  • Feb 8, 2011 12:10pm Feb 8, 2011 12:10pm
sac trader got insider trading charges ...
http://www.marketwatch.com/story/mor...08?siteid=bnbh
To Live is the rarest thing in the world , Most people exist , that is all
  • #22,875
  • Feb 8, 2011 12:20pm Feb 8, 2011 12:20pm
Quoting GEfx
Hi Ray, I noticed that the euro had a difficult time around the 3625 (+/-5) price level. If it got through that level it would move farther south, and if it bounced (which it did) it would move well, too. In addition, there is a trend line around that level, too, which it bounced off of and is now moving back to the upper trend wall. Not trying to convince anyone of TA techniques, but just my observations. I'll post a chart on my journal. As fti has said, take note of how PA reacts to these levels and then move with the flow.

I am out of the euro...
I was short average 1.3627 Instead of closing out at 1.3620 I stayed in and later did a large successful rescue at 1.3646 It would have been better to close all positions at 1.3620 but I did not realise the importance of that area at the time. Many thanks. Ray
  • #22,876
  • Feb 8, 2011 12:49pm Feb 8, 2011 12:49pm
God Bless you fti, I have read this thread for 3 years and it has helped me a lot. Thanks for giving of yourself to others and may God heal your body. All you have to do is believe.Thank you sir MR D
Jesus my Lord
  • #22,877
  • Feb 8, 2011 1:54pm Feb 8, 2011 1:54pm
Thanks fana, I am trying not to judge. The best that I can use 3k at this point is to recognize when the market is acting out of normal. My MO right now is to use less aggression when market tears. But I figured that where this happens in relation to time and terrain gives big hints. So 3k is now more important in giving me hints (although pulse is still main decider).




Quoting Fana
Hello William. Important is to recognize what is important and what not. There is some manipulation, but what i have from it? Can it be called manipulation? Or "normal conditions"?
Correlation between pairs are not manipulation basically. Try to read the market, not be a judge. Regards
  • #22,878
  • Feb 8, 2011 3:59pm Feb 8, 2011 3:59pm
Anyone heard from fti lately? Can I assume no news is good news?
  • #22,879
  • Edited 7:57pm Feb 8, 2011 4:55pm | Edited 7:57pm
Quoting fullperson
Thanks fana, I am trying not to judge. The best that I can use 3k at this point is to recognize when the market is acting out of normal. My MO right now is to use less aggression when market tears. But I figured that where this happens in relation to time and terrain gives big hints. So 3k is now more important in giving me hints (although pulse is still main decider).
Fullperson,

3k's are a barometer (common denominator) gauged against the dollar, which is your trading base of the foursome, at least for purposes in this thread.

3k's show when things are abnormal, when caution should be applied, but also show you the leg to trade for distance (when trending usually euro or cable, one or the other will be stronger in the trend direction, the other have deeper retraces) when things are flowing, as well as there are times when one leg will lead the others.

These can be used to one's advantage, if used properly. Fti, at one time, was about to venture into what I'd call "butterfly techniques" but the thread never got that far.

Something to ponder, fwiw.......

Welcome to the family, regards.


back to my cave.
  • #22,880
  • Feb 8, 2011 6:54pm Feb 8, 2011 6:54pm
Quoting Zoran
Anyone heard from fti lately? Can I assume no news is good news?
Hi Zoran,
Seems he is ok.
He had a minor heart attack last week at his mother's home, this put him in bed over the week.
Now injection reduced from once per hour to twice per day-- I guess this means recovering.
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