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Technical Analysis Fallacy

  • #27,721
  • Oct 11, 2011 7:21pm Oct 11, 2011 7:21pm
Quoting fti
Soon we can request brokers start a new pair.
Trade hopes?
big business, in that pair.

regards
Are you making fun of me? for not doing what I thought may be right and suffered the loss because I allowed someone to influence my decision and tried and "rescue"?

Have you never done so?

I do not mind a good laugh at my expense if I get the joke.

I would appreciate clarification.
  • #27,722
  • Oct 11, 2011 7:33pm Oct 11, 2011 7:33pm
Quoting tubguy
Are you making fun of me? for not doing what I thought may be right and suffered the loss because I allowed someone to influence my decision and tried and "rescue"?

Have you never done so?

I do not mind a good laugh at my expense if I get the joke.

I would appreciate clarification.
why the edge? tex?
It doesn't even cross the minds of those power mongers behind closed doors, of keeping us small ants, in the loop. We need hold breaths waiting see if they can pull rabbit out of hat.
so meantime , only thing to to sell the dang thingy until kingdom comes.

regards
  • #27,723
  • Oct 11, 2011 7:42pm Oct 11, 2011 7:42pm
oops cable turns solid.
Big rocks below
  • #27,724
  • Edited 8:57pm Oct 11, 2011 7:57pm | Edited 8:57pm
Quoting fti
why the edge? tex?
It doesn't even cross the minds of those power mongers behind closed doors, of keeping us small ants, in the loop. We need hold breaths waiting see if they can pull rabbit out of hat.
so meantime , only thing to to sell the dang thingy until kingdom comes.

regards
My reply was deleted because i have no desire to piss and moan over mickey mouse BS that I should not have taken offesnse to in the first place when someone has freely given their time and knowledge for my benefit.

If anyone has read my original post, I hope they will accept my apologies.

Good Trading
Mike
  • #27,725
  • Oct 11, 2011 11:22pm Oct 11, 2011 11:22pm
Hi and good morning Friends!

Have not much time, have to enter my trading room soon
Very happy to see some real trading talk from Asian Session.

But I have to say, that I'm a little concerned, cause there ius a lot of fundamental discussion, that seems to influence the trading much more than it should. Only the Ladies know, what they are going to do next.
So just follow the music!

Sorry - do not want to sound arrogant or to know it all, but it my feeling, that something "suboptimal" is creeping in here ...

Wish you all a great trading day!

CU,
Niels
  • #27,726
  • Oct 12, 2011 12:37am Oct 12, 2011 12:37am
Quoting bumapatria
despite fti's high level of experience and this thread itself, everyone has comfort zones, discomfort zones, and personal preferences. You cant shape a person. You can only help shape him. You dont need to be fti's follower toe-to-toe. unless u feel like it Well, here is what i have said before.

as human beings i have said this everywhere, and we are dynamic not static. We were created to be different from another, and we may intersect our interests at some point in time, but in the end we are all different. I do realize fti's no SL technique,...
I honestly don't mean to offend you but I've really no interest in your opinions on the nature of human beings, you don't have enough experience for me to want to hear them, sorry.

I was pointing out a central tenet of fti's methodology to another poster in case he had missed it. It has nothing to do with being a toe-to-toe follower of fti, there are very good reasons not to use stop losses and they have nothing to do with being 'cool' as you put it.
  • #27,727
  • Oct 12, 2011 1:13am Oct 12, 2011 1:13am
Inserted Video
  • #27,728
  • Oct 12, 2011 1:15am Oct 12, 2011 1:15am
1.37 broken now.... eu banks getting euro's back home?? starting to doubt my short bias

happy i took a reasonable loss below 1.37 !!
even with my eyes open i cannot see everything
  • #27,729
  • Oct 12, 2011 1:23am Oct 12, 2011 1:23am
All I can say is... every time I've come here... I've shorted and I lost, every time I went away and had a look at the prices and ruminated about my gut, I went long and I won. I think there's too much group mentality here at this present moment. Thinking of General Patton line here.
  • #27,730
  • Oct 12, 2011 1:28am Oct 12, 2011 1:28am
Quoting MaMood
Hi and good morning Friends!

Have not much time, have to enter my trading room soon
Very happy to see some real trading talk from Asian Session.

But I have to say, that I'm a little concerned, cause there ius a lot of fundamental discussion, that seems to influence the trading much more than it should. Only the Ladies know, what they are going to do next.
So just follow the music!

Sorry - do not want to sound arrogant or to know it all, but it my feeling, that something "suboptimal" is creeping in here ...

Wish you all a great...
yup something creepy was there.....well identified my friend.
  • #27,731
  • Oct 12, 2011 1:33am Oct 12, 2011 1:33am
some duck hunting above 1.37

http://www.reuters.com/article/2011/...7LC0YR20111012
  • #27,732
  • Oct 12, 2011 1:38am Oct 12, 2011 1:38am
3 kgds are pretty much in sync.
So an indication of a strong move ...
  • #27,733
  • Edited 2:02am Oct 12, 2011 1:39am | Edited 2:02am
Quoting Atomic_Sheep
All I can say is... every time I've come here... I've shorted and I lost, every time I went away and had a look at the prices and ruminated about my gut, I went long and I won. I think there's too much group mentality here at this present moment. Thinking of General Patton line here.
ok mini scout short @ 1.3750. i think the idea is you can be wrong on direction and not lose money... ofcourse trading with a trend is more fun

edit: the scout is out 1.3765 no quick snapback.. more ducks above??? today no more trading for me
even with my eyes open i cannot see everything
  • #27,734
  • Oct 12, 2011 1:42am Oct 12, 2011 1:42am
I ken that E/U is testing the bearing capacity now.
  • #27,735
  • Oct 12, 2011 2:07am Oct 12, 2011 2:07am
so it was Panda

http://www.reuters.com/article/2011/...7LC1S420111012
  • #27,736
  • Oct 12, 2011 2:42am Oct 12, 2011 2:42am
wow does boj have some firepower! And I wonder how long Panda has been selling USD for hmm... I guess since fti started talking about manipulation.

EDIT: Question is... how much firepower does BOJ have left. It can't devalue the yen forever if China and US join forces to devalue the dollar. Maybe a good idea to start building up some U/J shorts?
  • #27,737
  • Edited 4:45am Oct 12, 2011 4:01am | Edited 4:45am
Quoting j-pax
1.37 broken now.... eu banks getting euro's back home?? starting to doubt my short bias

happy i took a reasonable loss below 1.37 !!
why are you short?

@Atomic_Sheep
why are you short too?

you people don't read?
at what time did i tell you , detected solid bottom? #27724

I give up.
  • #27,738
  • Oct 12, 2011 4:05am Oct 12, 2011 4:05am
Quoting Atomic_Sheep
wow does boj have some firepower! And I wonder how long Panda has been selling USD for hmm... I guess since fti started talking about manipulation.

EDIT: Question is... how much firepower does BOJ have left. It can't devalue the yen forever if China and US join forces to devalue the dollar. Maybe a good idea to start building up some U/J shorts?
MOF & BOJ told you they defemnding with extra 10 nbillion usd and you think they joking?

OMG, i am going rest.
  • #27,739
  • Edited 7:58am Oct 12, 2011 4:19am | Edited 7:58am
Quoting fti
why are you short?

@Atomic_Sheep
why are you short too?

you people don't read?
at what time did i tell you , detected solid bottom?
i looked at the daily chart and went short.. you told me a long time ago higher high higher low makes a trend so i see for the last week trend is up also on the daily chart. i can admit my crystalball thinking is longs should be squeezed and stopped out now?.... wrong! ... i was not short because of something you wrote.

don't let guys like me disturbe you please > regards pax

edit in red..
even with my eyes open i cannot see everything
  • #27,740
  • Oct 12, 2011 5:13am Oct 12, 2011 5:13am
Quoting MaMood
Hi and good morning Friends!

Have not much time, have to enter my trading room soon
Very happy to see some real trading talk from Asian Session.

But I have to say, that I'm a little concerned, cause there ius a lot of fundamental discussion, that seems to influence the trading much more than it should. Only the Ladies know, what they are going to do next.
So just follow the music!

Sorry - do not want to sound arrogant or to know it all, but it my feeling, that something "suboptimal" is creeping in here ...

Wish you all a great trading...
Hi Nieles, I just read your recent post. It's nice to know you get back your mindset :-)

I agree with you-- fundamental discussions are influencing some of us. Especially for people who haven't found their own ground.

We are traders, when meet, if not talk perspects, what else to say, can't speak numbers only. we either buy or sell or take a nap, conversations might be a bit dry. So, traders like to comment on fundamentals. Nothing wrong, but inexperienced traders might easily get influenced and bring it into battlestations. That's bad.

Like today, fti and me took eur short positions in the early morning, after taking profit, we waited to sell relay. When the relay came, fti saw cable found serious buyer at bottom, we entered long eur positions, expected to ride it but fti's doctor sifu came to do today's treatment, so we cashed out. While fti was in sifu's treatment, market was running, no way to chase, I came to read thread, lots of bearish talks still going on, felt like flying back to old town listening to old stories.

Hope people don't feel offended by my comment. But, believe me, analysis and trading talks are harmful to positions. When we are on a trade, price and conditions can change any moment, we must act on the first moment we detect it. If we take a moment to re-think what have been said on the thread, the best trading opportunity might be missed out already.
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