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Technical Analysis Fallacy

  • #31,221
  • Feb 20, 2012 12:20pm Feb 20, 2012 12:20pm
Quote
if have time, tom, we have investiture ceremony.

Quote
Big task, You need live up to you honour always from now on.
is difficult chief. will try be a peaceful warrior.

Salute and good night
  • #31,222
  • Feb 20, 2012 12:25pm Feb 20, 2012 12:25pm
Quoting simpleman
cos I am from your country originally.
Lucky you, get vouched..
salam o alaikum
walaikum salam!
Good to have you here my friend. We also have one neighbour here. Guess who??

regards
  • #31,223
  • Edited 4:08pm Feb 20, 2012 12:44pm | Edited 4:08pm
Quoting cuthbert
walaikum salam!
Good to have you here my friend. We also have one neighbour here. Guess who??

regards
Is it Dakkoo?, I know he wants take all the money from the markets and not leaving anything for us.
  • #31,224
  • Feb 20, 2012 8:53pm Feb 20, 2012 8:53pm
What happened....any idea...


V
  • #31,225
  • Feb 20, 2012 8:59pm Feb 20, 2012 8:59pm
Quoting indianguyinny24
What happened....any idea...


V

SYDNEY, Feb 21 (IFR) - The EUR/USD has spiked from 1.3190 to 1.3270 after it was announced that EU finance ministers reached a deal on the Greek second bailout package. The EUR/USD had sold off in frustration at the lack of news from Brussels amid reports of difficult sticking points. The relief rally has stalled ahead of yesterday"s 1.3276 high - with key resistance at the 100-day MA at 1.3310. The EUR/USD trades 1.3258/63. [email protected]
  • #31,226
  • Feb 20, 2012 9:03pm Feb 20, 2012 9:03pm
Quoting hcong168
SYDNEY, Feb 21 (IFR) - The EUR/USD has spiked from 1.3190 to 1.3270 after it was announced that EU finance ministers reached a deal on the Greek second bailout package. The EUR/USD had sold off in frustration at the lack of news from Brussels amid reports of difficult sticking points. The relief rally has stalled ahead of yesterday"s 1.3276 high - with key resistance at the 100-day MA at 1.3310. The EUR/USD trades 1.3258/63. [email protected]

is the deal reached???...it is reached...reading that now...


V
  • #31,227
  • Feb 20, 2012 9:10pm Feb 20, 2012 9:10pm
Quoting indianguyinny24
is the deal reached???...it is reached...reading that now...


V
no idea, yet.
  • #31,228
  • Feb 20, 2012 9:14pm Feb 20, 2012 9:14pm

  1. Financing to total EUR130 billion
  2. Debt-to-GDP ratio to fall to 121% by 2020
  3. Details are missing, market wants to know details

  • #31,229
  • Feb 20, 2012 9:19pm Feb 20, 2012 9:19pm
Quoting imjscn

  1. Financing to total EUR130 billion
  2. Debt-to-GDP ratio to fall to 121% by 2020
  3. Details are missing, market wants to know details


Greece's debts from around 160 percent of GDP now to 121 percent by 2020, but cautioned that drafting of the deal was only just starting.

PS: i am short Euro and might need to take a hit....aha the love of trading...
  • #31,230
  • Feb 20, 2012 9:41pm Feb 20, 2012 9:41pm
Quoting indianguyinny24
Greece's debts from around 160 percent of GDP now to 121 percent by 2020, but cautioned that drafting of the deal was only just starting.

PS: i am short Euro and might need to take a hit....aha the love of trading...
Hi V,

Too earlier to give up the fight now...?

P.S. I am also short.

Regards
  • #31,231
  • Feb 20, 2012 9:57pm Feb 20, 2012 9:57pm
Quoting N_Trader
Hi V,

Too earlier to give up the fight now...?

P.S. I am also short.

Regards

Its the terrain....not the fight...also my daily loss limit ...also my bad..i should have been mroe careful(exposure) when reading the news about greek bailout...

V
  • #31,232
  • Feb 20, 2012 10:07pm Feb 20, 2012 10:07pm
Quoting indianguyinny24
Its the terrain....not the fight...also my daily loss limit ...

V
Got your point, V. Thanks...

regards
  • #31,233
  • Feb 20, 2012 10:58pm Feb 20, 2012 10:58pm
Good Morning Friends!

Deal reached they say. Watch terrain and size nimbly and cautiously.

Regards
  • #31,234
  • Feb 20, 2012 11:18pm Feb 20, 2012 11:18pm
Quoting cuthbert
Good Morning Friends!

Deal reached they say. Watch terrain and size nimbly and cautiously.

Regards
Thanks cuthbert. I think I will stay out for today.

regards
  • #31,235
  • Feb 20, 2012 11:36pm Feb 20, 2012 11:36pm
Quoting N_Trader
Thanks cuthbert. I think I will stay out for today.

regards
Hi N,
Although we are less familiar with terrains like these. It is worth observing keenly and trying feel the pulse.

regards
  • #31,236
  • Feb 20, 2012 11:45pm Feb 20, 2012 11:45pm
Quoting cuthbert
Hi N,
Although we are less familiar with terrains like these. It is worth observing keenly and trying feel the pulse.

regards
Hi cuthbert,
Agreed I am always caution about impulse during asian session... too elusive for me...

How have you been doing lately?

regards
  • #31,237
  • Feb 21, 2012 12:26am Feb 21, 2012 12:26am
N!
Accuracy being fair part, size and repositioning gauging pulse is what needs work on. Familiarity with terrains i'm looking up to. mindset also

regards
  • #31,238
  • Feb 21, 2012 12:47am Feb 21, 2012 12:47am
Quoting cuthbert
N!
Accuracy being fair part, size and repositioning gauging pulse is what needs work on. Familiarity with terrains i'm looking up to. mindset also

regards
Good work, cuthbert.

How's your experience with rescue operations? This is something that I struggled a lot with. Even with proper sizing and entry, things may still not turn out well. Sometimes, I cannot help but think that Vic's option to cut at 1% losses is the best way out....

Please share only if you feel comfortable...

regards
  • #31,239
  • Feb 21, 2012 12:52am Feb 21, 2012 12:52am
Quoting N_Trader
Good work, cuthbert.

How's your experience with rescue operations? This is something that I struggled a lot with. Even with proper sizing and entry, things may still not turn out well. Sometimes, I cannot help but think that Vic's option to cut at 1% losses is the best way out....

Please share only if you feel comfortable...

regards

It depends...absoluete cut out is 5%...which i might hit today on Euro...i am trying to fight that...paying for mistake not reading news clearly...

chief recomends 10% ...but anything beyound 3X daily profit is u r calling for unrecoverable loss...

i will borrow what Dongsky wrote in his journal...

remember, when you are right and winning... don't put that into your head
and when you are wrong and loosing... don't put that into your heart...


V
  • #31,240
  • Feb 21, 2012 1:00am Feb 21, 2012 1:00am
with rescues, one need staying close to the price whatever it takes. If I reach my loss limit I will close the trades at loss.

If can't do that then means need more capital or reduce position size to more suitable limits.

If stay close to the price then more chances you will be out at break even or profit. IMO
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