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Technical Analysis Fallacy

  • #34,641
  • Jul 3, 2012 1:42am Jul 3, 2012 1:42am
Quoting fti
the ground would shake and all traders affected will leave the market.
And the fed will print more money fill the land holes.

http://www.forexfactory.com/images/icons/icon6.gif
  • #34,642
  • Edited 2:22am Jul 3, 2012 2:12am | Edited 2:22am
usd fireworks should be soon.
onec we pass europe afternoon.maybe the euro will be busted again.
lots free money from open vaults.

strategy is selling euro with combination euro crosses.
and please not over trade capitals
then your stops become sitting ducks.
  • #34,643
  • Jul 3, 2012 2:34am Jul 3, 2012 2:34am
Quoting fti
usd fireworks should be soon.
onec we pass europe afternoon.maybe the euro will be busted again.
lots free money from open vaults.

strategy is selling euro with combination euro crosses.
and please not over trade capitals
then your stops become sitting ducks.
So, it's bearish Euro or Mexican Peso?
  • #34,644
  • Edited 3:50am Jul 3, 2012 2:38am | Edited 3:50am
Quoting duyk20
So, it's bearish Euro or Mexican Peso?
its time they send the money to the euro banks, but no disturb the pinata, please.

regards

Inserted Video



round 1

Inserted Video
  • #34,645
  • Jul 3, 2012 4:04am Jul 3, 2012 4:04am
wow, they control everything.
my internet and communication systems went down all at 1 time.
now even my net access is crawling.
must complain the isps & telecoms to the government.

can't even watch the video i posted.

must be big time gangsters riunning the show.
  • #34,646
  • Jul 3, 2012 4:37am Jul 3, 2012 4:37am
Quoting fti
wow, they control everything.
my internet and communication systems went down all at 1 time.
now even my net access is crawling.
must complain the isps & telecoms to the government.

can't even watch the video i posted.

must be big time gangsters riunning the show.
no worries boss .. we switch to smokies...

http://1.bp.blogspot.com/-5RmUQOFky9...ke_signals.gif
  • #34,647
  • Edited 5:12am Jul 3, 2012 4:52am | Edited 5:12am
Quoting Piters
no worries boss .. we switch to smokies...

http://1.bp.blogspot.com/-5RmUQOFky9...ke_signals.gif

ok now back on.
systems need kicking sometimes just get it back on its feet.
lets see if i missed anything.


Inserted Video


regards

Maybe i should paint my face and scare the living daylights out of them?
painted and walking wobbly, probaby scare the daylight out of my mum first. not a good idea.
Attached Image
  • #34,648
  • Edited 5:44am Jul 3, 2012 5:32am | Edited 5:44am
wow ...all the majors appear to be silent..

i wonder does this happen often...or are the big players whispering to each other......before they spring the big surprise ?

i think ill wait to pick at the bones.
i undersstand the market is massive...but if key players agreed to stay quiet for a time..
maybe this would make people stay out because they dont know which way things will go.
then a much smaller order will move a quiet market easier.
then the big order may come in the opposite direction when the masses have comitted the wrong way..

can the market be manipulated like that ...do you think...
  • #34,649
  • Edited 6:51am Jul 3, 2012 5:44am | Edited 6:51am
Quoting eblip
wow ...all the majors appear to be silent..

i wonder does this happen often...or are the big players whispering to each other......before they spring the big surprise ?

i think ill wait to pick at the bones.
probably they being checked.by someone.
wait for the ny boys.then we will know.
no worries, they try be adventures and can give them heavier loading.
CBs said nothing.
if they ambush , as they sow so shall they reap.



regards

seems is rompy, he seems have podium. much speeches..
so brace for the unexpected.
volitility begets volitility.
  • #34,650
  • Edited 7:04am Jul 3, 2012 6:25am | Edited 7:04am
ai ya we wu ya mouth, seem NZ hit by earthquake now.
please no go south pole, scary stuff.

http://www.forexfactory.com/news.php?do=news&id=371627

on the horizon.much strain seems.

http://www.spiegel.de/international/...0.html#ref=rss

anyway, best have clear head and light blotters.
maybe small exposure is prudent now.
round 2 seems a wildcard.
  • #34,651
  • Jul 3, 2012 9:24am Jul 3, 2012 9:24am
big movement out of every major currency into gold.
americans cannot buy gold. or can they?
so who is it?

panda?
iran?

no matter .
they getting out of currencies and into gold.
  • #34,652
  • Jul 3, 2012 9:39am Jul 3, 2012 9:39am
thanks for your smoke signals chief ...

fireworks is on..
  • #34,653
  • Jul 3, 2012 9:39am Jul 3, 2012 9:39am
Happy trading day to everyone. I am trading at a local coffee shop that has power and internet connection. Huge storms over the weekend destroyed many trees in my location, and in the process, many power lines were destroyed. May get power back tomorrow. So, a Happy 4th of July to everyone a day early.

Market is slow during NY session as this will be a shortened trading day in NY. Iran is making big noise about war, so US has deployed more forces to The Gulf, which I assume is the reason oil and gold are moving higher. No NY trading tomorrow. Watching for a move on CAD, maybe the euro now, too, for one final trade before the end of my trading day.

Good trading everyone. fti, hope you are well.
  • #34,654
  • Edited 12:44pm Jul 3, 2012 12:20pm | Edited 12:44pm
today ...i have been spooked by market.
i lose about 1.5 percent of my small equity.

realise and accept i am little boy playing big mans game.
i am trying to run before i can walk.

i dont know what the market is doing...i have not experience enough..i have been guessing...emotional dealing....maybe this way ..maybe that way.

finding imaginary signals in market...then when i am in market ....get anxious...because i dont trust myself...my judgement...maybe wrong...maybe right...
there is calculated risk...then there is foolishness...i am confident when i know what i am doing at something...but trading im not confident.

the journey is going to take longer than i want...i am impatient...i am rushing....i think quick so i feel i can learn quickest.... but i see experience is what i need...
and experience is gonna take time

so i will eat humble pie.... and slow down and take baby steps..then i will walk ....then i will jog......and then i will run....

i dont think there is any shortcut....not anymore.
but this is what i want to do....so i resign to the longer journey.


i have the guide book now AOW.
"preperation for war takes considerable study.....before orders should be passed to the generals and then to the captains and ranks"
  • #34,655
  • Jul 3, 2012 12:26pm Jul 3, 2012 12:26pm
Quoting eblip
today ...i have been spooked by market.
i lose about 1.5 percent of my small equity.

realise and accept i am little boy playing big mans game.
i am trying to run before i can walk.

i dont know what the market is doing...i have not experience enough..i have been guessing...emotional dealing....maybe this way ..maybe that way.

finding imaginary signals in market...then when i am in market ....get anxious...because i dont trust myself...my judgement...maybe wrong...maybe right...
there is calculated risk...then there is foolishness...i am confident...
Good to hear. Bring back to me the old days and some still until now.
  • #34,656
  • Jul 3, 2012 12:55pm Jul 3, 2012 12:55pm
Hi eblip


it is a long journey... as fti kindly pointed out to me when I found this thread 'it is a marathon not a sprint', it takes time to internalise it, which can not be rushed, also work on the other things that are in the thread as fti suggested to you a few posts back, they are just as important as the scout-attack-rescue. Relax and enjoy it.


scouts-- can stop you making costly mistakes.
attack--can help enhance your book or destroy it.
rescue--can help save your book or destroy it.
you--control the fate of your book.


Just a suggestion...You could always practice in demo until you prove to yourself that you can do it.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #34,657
  • Jul 3, 2012 1:32pm Jul 3, 2012 1:32pm
Quoting phil13
Hi eblip


it is a long journey... as fti kindly pointed out to me when I found this thread 'it is a marathon not a sprint', it takes time to internalise it, which can not be rushed, also work on the other things that are in the thread as fti suggested to you a few posts back, they are just as important as the scout-attack-rescue. Relax and enjoy it.


scouts-- can stop you making costly mistakes.
attack--can help enhance your book or destroy it.
rescue--can help save your book or destroy it.
you--control the fate of your book.


Regards...
hi ...thanks ..its not the money thing ..thats not a problem...i only trade small...

its the millions of questions that i have that i know its gonna be hard to get answers to being such a subjective thing...you see im dedicated to this...im basically comitting my future to it...that decision is made and is final.

i just wish i could get a position in a trading room and see it all first hand...soak it up directly.

i know a few traders...and they are the ivy league boys...or the sons of lords......these guys just aint got the hunger...or the street smart...and they cut it on the trading floor.....to be honest the ones i know dont even seem that interested in the game. ( i can only speak for the people i know)

so i just know i could cut it better...i believe in myself...i know i got what it takes...all i need is the training.....so its frustrating having to take the slow road...although i live in london...its hard to get a break into that environment..unless you got top quality degree..or know someone...so basically its frustrating to have to take lets say 4 years to get up to speed ...whereas if they would just give me the break ....i could be up to speed and top performer in less than 18 months..im actually offering to work for free at some companies...but up to now i have no response.

im one of those obsessive people....and im obsessed with forex.

so basically its frustration.

hope i dont offend anyone.
regards.
  • #34,658
  • Jul 3, 2012 1:47pm Jul 3, 2012 1:47pm
Quoting eblip
hi ...thanks ..its not the money thing ..thats not a problem...i only trade small...

its the millions of questions that i have that i know its gonna be hard to get answers to being such a subjective thing...you see im dedicated to this...im basically comitting my future to it...that decision is made and is final.

i just wish i could get a position in a trading room and see it all first hand...soak it up directly.

i know a few traders...and they are the ivy league boys...or the sons of lords......these guys just aint got the hunger...or the...
Take your time, relax and believe in yourself.

Try youtube Mark Douglas and listen to some of his psychological related stuffs. You'll be interested.
  • #34,659
  • Jul 3, 2012 2:21pm Jul 3, 2012 2:21pm
Quoting eblip
hi ...thanks ..its not the money thing ..thats not a problem...i only trade small...

its the millions of questions that i have that i know its gonna be hard to get answers to being such a subjective thing...you see im dedicated to this...im basically comitting my future to it...that decision is made and is final.

i just wish i could get a position in a trading room and see it all first hand...soak it up directly.

i know a few traders...and they are the ivy league boys...or the sons of lords......these guys just aint got the hunger...or...
be careful there.. you should treat it as a job or as a business. there is nothing to be obsessed about.

and you will never know everything.. not after the move.
  • #34,660
  • Jul 3, 2012 2:53pm Jul 3, 2012 2:53pm
Quoting eblip
today ...i have been spooked by market.
i lose about 1.5 percent of my small equity.

realise and accept i am little boy playing big mans game.
i am trying to run before i can walk.

i dont know what the market is doing...i have not experience enough..i have been guessing...emotional dealing....maybe this way ..maybe that way.

finding imaginary signals in market...then when i am in market ....get anxious...because i dont trust myself...my judgement...maybe wrong...maybe right...
there is calculated risk...then there is foolishness...i...

Were you ever in position to complete a rescue? Or did every attempt cause more soldiers to go down?
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