Technical Analysis Fallacy

im having a little bit of trouble trying to be nimble Mamood.

i think i will have to find my own feel for the dance.

using solely the 5 minute chart and attempting to scale and descale on price thrust , im finding it a little tricky, i press attack only to de-escalate and turn, then turn again.

my profits are from 50cts to -2.00 usd to +3.00, i think im not dancing correctly

it might be a little rigid, but i really want to explore the feel for direction.
i know directional bias can turn to prediction but if watch carefully and accepting when one is not feeling the direction right, i can turn step.

i want to put my position unasilable and attack down stream as the art of war says.

i feel feeling momentum and speed on the hourly and feeling for direction of price gives me better options to attack price weakness.

daily direction and speed of price
hourly momentum
and 5 minute feel for direction
seems to be a little better for me.

OK, took the E/$ trade off at 1.4219 and waiting for an opty to re-enter.

ok, so they had to censored me.
Ok I accept.

Goodbye.
God Bless.

Some people need to live by the rules.

They need signs and laws to tell them what to do and how to live.

IMHO, they just don't know any other way to live by.

They lost any ability to use "common sense".

Everybody know what is right and what is wrong. Do you need rules to tell you that?

They lost their ways and hanging to the only thing they know - rules.

More rules = less freedom = more jail time. Why you want to be in jail?


fti:

" Go placidly amid the noise & haste,
And remember what peace there may be in silence.
As far as possible without surrender, be on good terms with all persons.
Speak your truth quietly & clearly; and listen to others, even the dull and ignorant;
They too have their story.

Avoid loud & aggressive persons,
they are vexations to the spirit.

Many fears are born of fatigue & loneliness.

You are a child of the universe, no less than the trees and the stars;
You have a right to be here.

And whether or not it is clear to you, no doubt the universe is unfolding as it should.
Therefore be at peace with God, whatever you conceive Him to be,
and whatever your labors and aspirations,
in the noisy confusion of life, keep peace with your soul.
With all its sham, drudgery and broken dreams, it is still a beautiful world.
Be careful. Strive to be happy. "

I think we all realise it is a completely narrow minded rule and it took someone with a chip on their shoulder to bring it up. Even Gann, someone many respect, kept religion close to his heart. Lets not allow foolishness to win and I think we should just continue as usual.

An interesting read: http://www.economist.com/node/18681704

and this


http://money.cnn.com/2011/05/16/news...dex.htm?hpt=T1

so which one to long ........


V

These jobs are becoming popular. Anyone interested?

Department Overview

The High Frequency Trading group provide the Collocated infrastructure support for Prime Broker and High Frequency propriety trading.
The focus is on the quick deployment of low latency solutions. Low latency, for both market data and order/execution flows, provides a significant competitive advantage in certain markets. The most significant strategy is ‘proximity hosting’ or Collocation (Colo) The location of trading engines as close as possible to the matching engines of the exchange/MTF
An opportunity exists within the Trade Support Projects team, which is responsible for the implementation and support of the low latency infrastructure and the development of tools and monitoring support the Electronic Trading business.

Main Function


High Frequency Trading Project/ Support role will be based in London and with a direct reporting line into the Head of Trade Support (also based in London). An experienced Project Manager is required to manage the low latency infrastructure platforms in EMEA at both proximity and exchange co-located data centres.

Key Role Dimensions
Working as part of a Global team to deliver stability and standardisation across the global HFT initiative.
Managing 3rd part support from Exchanges, Data Centre vendors, hardware support provider and telecommunication providers.
Manage deployment of hardware and connectivity role out into future planed locations. Will include purchasing, list sign off, shipping, installation re-sourcing, connectivity to exchange, connectivity back to Campus Network and commissioning/testing.
Working with members of IT production to deliver requirements quickly whilst work within budget.
Providing information and reporting to the business as to the day to day and project status of the colo environments.




Main Duties


Maintain and develop Exchange/MTF relationships

Account management of 3rd party providers

Take the lead in the planning and implementation of all related proximity and co-located infrastructure
Be responsible for budget management tracking and reporting
.
Work with other infrastructure groups to ensure the infrastructure available is fit for purpose, and appropriate to The relevant business and technology needs

Work with Networks Connectivity to ensure optimal network design and implementation for all connections to proximity/co-location sites

Design and implement appropriate hardware related support processes, including liaison with 3rd party vendors around the delivery and installation of spare parts etc.


Person Requirements


This role would suit an individual with demonstrable experience of supporting High Frequency Trading environments within banking or financial services of a global enterprise level organisation.
The candidate should have a demonstrable strengths of the following:
· Linux operating systems
· HP Server Hardware, with knowledge of performance enhancements.
· Network Technologies and Architectures and an understanding of latency reduction strategies
· Knowledge of trading venues in Europe
· Finance (planning reporting)
· Strong Communicator and man manager able to work with resources of differing skill sets
· Able to adapt understand new technologies and suggest improvements and solutions
· Strong project management experience in financial markets

http://www.correlix.com/

http://www.directedge.com/Products/C...xRaceTeam.aspx

Rgs,

T.

The original was deleted. Let me restate: it's a race to the bottom between the euro and the dollar.

Nice info in there!
Thanx Textor!

this is $$$
Chinese Official Lectures Senators: Get Your Fiscal House in Order


http://abcnews.go.com/Politics/debt-...ry?id=13597776


Lets talk Euro

Good stuff on the situation in Spain. IMHO -- I am encouraged that the US will address its budget issues over the next few years, and that the discussion in Washington has gone from talk about spending to spending cuts. There is a very good chance that in 2012 the Republicans will take a veto proof position in the US Senate to match their lead in the House, and Obama has begun to swing to the center so we'll see. Most important is the prospect for growth in the US, as the current slow recovery lingers, the chances for a robust recovery are very good in 2013 and beyond. Growth is the key for the US and Europe, but Europe growth is uneven and leaves the PIGGS in really difficult situation. One thing I am sure of, is that both sides of the Atlantic need new ideas and different people to lead them out of this mess. While they are working on that we can take advantage to trade like crazy!

Cool stuff.

One more thing to read about Greece. This is a technical default:
http://noir.bloomberg.com/apps/news?...6ehtYRVY&pos=2

Nice move in asia session...

hows everyone here...

V

Hi Vick! Yeah... Today i finished trading, feel some mind-producted danger... But my daily goal is done:-). All the best.