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Technical Analysis Fallacy

  • #29,221
  • Nov 21, 2011 8:19am Nov 21, 2011 8:19am
OK, short the euro at 1.3480, protecting that price. GBP still on but now protecting 1.5662.

Edit: Now square on the GBP at 1.5647. Protecting the euro at 1.3497.
  • #29,222
  • Nov 21, 2011 8:22am Nov 21, 2011 8:22am
Quoting GEfx
OK, short the euro at 1.3480, protecting that price. GBP still on but now protecting 1.5662.
I was looking just higher 3490/500, good entry so far, GL
  • #29,223
  • Nov 21, 2011 8:35am Nov 21, 2011 8:35am
Quoting auxesis
I was looking just higher 3490/500, good entry so far, GL
Yea, I see the same thing and am now protecting the entry price. Will consider a bigger entry at 1.3492'ish. Good to see you here auxesis, sorry about the college football situation in OK this weekend. Most of my family members were in Ames IA friday night!
  • #29,224
  • Nov 21, 2011 8:40am Nov 21, 2011 8:40am
Quoting GEfx
Yea, I see the same thing and am now protecting the entry price. Will consider a bigger entry at 1.3492'ish. Good to see you here auxesis, sorry about the college football situation in OK this weekend. Most of my family members were in Ames IA friday night!
Losing a football game is the least of sadness for the Cowboys, my heart goes out to their basketball program.

Getting a nice run for the bottom here, good trade
  • #29,225
  • Nov 21, 2011 8:44am Nov 21, 2011 8:44am
Quoting auxesis
Losing a football game is the least of sadness for the Cowboys, my heart goes out to their basketball program.

Getting a nice run for the bottom here, good trade
Yes, a very sad situation for OSU and all of us for that matter.
  • #29,226
  • Nov 21, 2011 8:53am Nov 21, 2011 8:53am
Quoting GEfx
Yes, a very sad situation for OSU and all of us for that matter.
Who is OSU?

Regards
Bert
  • #29,227
  • Nov 21, 2011 8:58am Nov 21, 2011 8:58am
Quoting cuthbert
Who is OSU?

Regards
Bert
Oklahoma State University, their women's basketball coach,asst coach along with the pilot and his wife died in a plane crash last week.

10 years ago OSU lost 10 of their men's basketball team members in a similar crash.
  • #29,228
  • Nov 21, 2011 8:59am Nov 21, 2011 8:59am
Moment of truth time GE, will it break?
  • #29,229
  • Nov 21, 2011 9:00am Nov 21, 2011 9:00am
Going to take my profit on the euro and am out at 3445. Now waiting for the next entry on both the GBP and Euro.
  • #29,230
  • Nov 21, 2011 9:04am Nov 21, 2011 9:04am
U GUYS ARE MESS. why u argue at all. Rather trade get new experiences. We are all small fishes in forex, we got no idea wat in reality is going on, and guys go play now against man united soccer. My profesor used to be in RBS and deutsche bank he told me we dont have infos like big banks have, so we are kind of gambling. They use FX mainly for hedge and business transactions like buying foreign bonds stuff like tht.
  • #29,231
  • Nov 21, 2011 9:30am Nov 21, 2011 9:30am
Quoting GEfx
Going to take my profit on the euro and am out at 3445. Now waiting for the next entry on both the GBP and Euro.
Nice one....



V
  • #29,232
  • Nov 21, 2011 12:43pm Nov 21, 2011 12:43pm
OK, I'm glad I got out of those trades when I did. The euro is now settiing up for another trade, but maybe not today for me. Missed some excellent trades on the CAD so bad on me today. Hope you are all trading well, and we'll see where it goes between now and Tolyo.
  • #29,233
  • Nov 21, 2011 7:47pm Nov 21, 2011 7:47pm
any idea whats going on yen...

couldnt find any news around...


V
  • #29,234
  • Nov 21, 2011 8:07pm Nov 21, 2011 8:07pm
Quoting indianguyinny24
any idea whats going on yen...

couldnt find any news around...


V
Looked like a sweep to me. Although some participants have been known to fake intervention before, spooking the market by placing massive bids only to withdraw them as soon as it spikes
  • #29,235
  • Nov 21, 2011 8:20pm Nov 21, 2011 8:20pm
Quoting indianguyinny24
any idea whats going on yen...

couldnt find any news around...


V
"
The volatility in the JPY this morning is being attributed to the talk regarding BOJ buying of foreign bonds.
A former BOJ deputy Governor made a call for the BOJ to buy about $650 billion of foreign bonds in order to weaken the Yen. From what I can gather, FinMin Azumi said that it would be difficult for the government to accept such a call. That’s why I find it strange that the JPY fell sharply, ostensibly on Azumi’s comments."
  • #29,236
  • Nov 22, 2011 12:25am Nov 22, 2011 12:25am
Quoting M-H Trader
"
The volatility in the JPY this morning is being attributed to the talk regarding BOJ buying of foreign bonds.
A former BOJ deputy Governor made a call for the BOJ to buy about $650 billion of foreign bonds in order to weaken the Yen. From what I can gather, FinMin Azumi said that it would be difficult for the government to accept such a call. That’s why I find it strange that the JPY fell sharply, ostensibly on Azumi’s comments."
Thanks man..

hope you are doing great...

V
  • #29,237
  • Nov 22, 2011 1:14am Nov 22, 2011 1:14am
“In a controversy the instant we feel anger we have already ceased striving for the truth, and have begun striving for ourselves.”



It is better to conquer yourself than to win a thousand battles. Then the victory is yours. It cannot be taken from you, not by angels or by demons, heaven or hell.”



“The only real failure in life is not to be true to the best one knows.”


“However many holy words you read, however many you speak, what good will they do you if you do not act on upon them?”

But and then…

Thank you fti ,, for your word

I've printed your sentence and paste it on my bedroom wall


ok try understand this.
There is no way train yourself.
Training comes from practise and practise.
If you need think about it, then you not got it.
initial stages you need find the rhythm.
Afetr a while it becomes your second nature.
you just keep pushing forward.
Read abit for refresher.
If book is +, then you already got it right.
But terrain will change and you need big bag of tricks, which you suppose to learn from markets.

We always will make mistakes here and there.
ONLY never allow any mistakes be fatal.
if you off for some time you get rusty.
Then need repolishing.
no shortcuts.
as you dance profitably , you will realise what it takes.
so please no get nicky picky about mistakes.
After take pips profits.
Never revisit your trading, is waste of good energy.
you will find 100 ways could had made it better.
But thats not even relevant.
Just keep going and keep learning from market.
Your brain bicameral mind picks up things auto.
Do not interfere with that process.

Best spend time after profits, relax and regroup energies.
In the words of w buffet.
"perfection? is god's work, you 're human, surely will err."
so please stop banging head against wall.
if you read the thread, you will internalise if you are willing mind.
Otherewise you cannot get anything from it.

regards
suma
  • #29,238
  • Edited 1:54am Nov 22, 2011 1:36am | Edited 1:54am
Quoting sumakianlee
“In a controversy the instant we feel anger we have already ceased striving for the truth, and have begun striving for ourselves.”



It is better to conquer yourself than to win a thousand battles. Then the victory is yours. It cannot be taken from you, not by angels or by demons, heaven or hell.”



“The only real failure in life is not to be true to the best one knows.”


[b]“However many holy words you read, however many you speak, what good will they do...
suma, my friend, is a journey of life.

As you can see,
there are fools and there are intelligient fools.
There are no fools like an intelligent fool, esp if that has BIG ego.
Worst is the ungrateful and condescending brats.
There's much to learn, I had seen much of it, its all over the place.
They the system. I see it even in my own kids.
This the ultimate deception. No way out,they like mutated virus, only way get rid of the plague is burning like firewood.
No matter, God already said, he has way solve it.

For you my friend , slowly climb that learning curve, and safely.

regards

Inserted Video
  • #29,239
  • Edited 3:17am Nov 22, 2011 3:04am | Edited 3:17am
Dear Friends! I discovered that the worst illness ever is solitude(to be alone). Think about it.
Look at the World what is there, what bad thinks, wars... So stop silly debates, hunting witches, everybody eer sometimes...
Be Friends! Please. Fana
  • #29,240
  • Nov 22, 2011 3:26am Nov 22, 2011 3:26am
Quoting sumakianlee
“In a controversy the instant we feel anger we have already ceased striving for the truth, and have begun striving for ourselves.”


It is better to conquer yourself than to win a thousand battles. Then the victory is yours. It cannot be taken from you, not by angels or by demons, heaven or hell.”


“The only real failure in life is not to be true to the best one knows.”

[b]“However many holy words you read, however many you speak, what good will they do you if you do not act on upon...



Great reminders and bedroom wallpaper, I should do the same

Regards
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