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Technical Analysis Fallacy

  • #36,201
  • Sep 6, 2012 2:08pm Sep 6, 2012 2:08pm
a ya! If the data is accurate Canada is looking brighter and brighter, nice article. Thanks for sharing.

Quoting fti
have troubkle in oil sector
will need usd stockpile buy oil soon.
for oil stockpiling


http://blogs.telegraph.co.uk/finance...well-dries-up/

need move now
black gold will be spotlight soon.
how accurate the data
keep eye out for a reaction.

fill her up.
no not my gas tank.
the oil tanker trailer.
  • #36,202
  • Sep 7, 2012 5:27am Sep 7, 2012 5:27am
Have a nice weekend peeps. Careful with NFP. Better be out, wishing you were in, than in wishing you were out!

Here's something to talk about. How life changes. Was a successful salesman in Greece, now cleans toilets in Sweden. Hope the Swedish men are good at aiming
http://www.bloomberg.com/news/2012-0...in-sweden.html

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forget about tomorrow, just steal away into the night
  • #36,203
  • Edited 11:16am Sep 7, 2012 7:43am | Edited 11:16am
5 long e/u positions closed with 85 pips in green
1long e/u positions closed with 105 pips and one long position in play 110 pips in profit
1 long position g/u still in play with 45 pips in green
1 short position on e/a still in play with 40 pips in green,unfortunately unable to capture much profit on this pair
i long position u/c still in play with 8 pips in red.

succesful campaign i think but warrior mind is empty and in poise.

add:closed the last remaining position e/u with 116 pips in profit.
add:e/a shorts closed with 17 and 5 green pips.not a very good campaign but manage to close with little profit,good for my confidence.presently some long positions in u/c which are in red but probably next week will send more scouts to recover them.
Allah has permitted trade and has forbidden interest [koran]
  • #36,204
  • Sep 7, 2012 8:26am Sep 7, 2012 8:26am
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The healer... from central europa
  • #36,205
  • Sep 9, 2012 12:03pm Sep 9, 2012 12:03pm
Where's Bobby and the RBC vid from 1988? I could swear I saw it here. Anyway, anyone keeps an eye on open position ratios? They say the majority of market participants are always on the wrong side so when the %s are high, it's better to be careful, not to be aligned:
http://fxtrade.oanda.co.uk/analysis/...osition-ratios
Many short E/U, and long U/J, U/C = majority dollar long ...

Hey, where have all the peeps gone??

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forget about tomorrow, just steal away into the night
  • #36,206
  • Sep 10, 2012 4:42pm Sep 10, 2012 4:42pm
Since it has been very quiet here lately, here is a song from a friend in Serbia. Enjoy!

Set to full-HD for the best quality.

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  • #36,207
  • Sep 10, 2012 7:55pm Sep 10, 2012 7:55pm
Quoting fti
have troubkle in oil sector
will need usd stockpile buy oil soon.
for oil stockpiling


http://blogs.telegraph.co.uk/finance...well-dries-up/

need move now
black gold will be spotlight soon.
how accurate the data
keep eye out for a reaction.

fill her up.
no not my gas tank.
the oil tanker trailer.
Hey Fred,

Haven't heard from you lately, I hope everything is well down your end.

regards,
Success consists of going from failure to failure without loss of enthusiam
  • #36,208
  • Edited 6:20am Sep 11, 2012 5:55am | Edited 6:20am
Fti: "...I suggest three very important ingredients. One is " Market Structure ", the other is "YOU", then Capitalisation. Of course there are many more components, for the moment these seems of dominant importance, in my humble opinion".

Guys, I just finished reading "The Tools" by Phill Stutz & Barry Michels. I thought it should help most people overcome the problems in the "You" part of trading.

Here is peek of it:
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..........."I have seen the enemy and it is me."

Hope it helps.
  • #36,209
  • Sep 11, 2012 11:39am Sep 11, 2012 11:39am
Nice one, the kind of woman you want to see when you wake up Preferably bringing your coffee with a grin on her face
Recently I've been listening to different albums of this songbird:

Inserted Video

Quoting Zoran
Since it has been very quiet here lately, here is a song from a friend in Serbia. Enjoy!

Set to full-HD for the best quality.

http://www.youtube.com/watch?v=dM6qYdZEqxY
forget about tomorrow, just steal away into the night
  • #36,210
  • Sep 11, 2012 1:09pm Sep 11, 2012 1:09pm
2fti:

Hello fti, Im new to trading and Id like to say thanks for this thread. Been learning to trade for about a year and a half and I used this thread quite a bit as its pretty clear you are a man of experience. Now think I got something and Id be very happy to know your opinion.


I trade the majors (mostly), start off the 1hourly, wait for it to move untill it turns back for the first time and starts consolidating, than switch to the 5m chart and trade the candlesticks in speculative direction of the hourly praying for the right breakout. What happens is, when I trade the consolidation off the 5m I keep getting stopped out (when Im kind of scalping it) for like 10 times (becase of the many potential peaks) and than get the wrong breakout.

Ive been trading like this for about a month, but Ive been mostly selling the uptrending eurusd so you can immagine me getting shaky.
Why Im laing this down to you is because of your (atleast to me) superrior experience. And that you might know if Im getting someplace.
  • #36,211
  • Sep 11, 2012 1:42pm Sep 11, 2012 1:42pm
Quoting bmtrader
2fti:

Hello fti, Im new to trading and Id like to say thanks for this thread. Been learning to trade for about a year and a half and I used this thread quite a bit as its pretty clear you are a man of experience. Now think I got something and Id be very happy to know your opinion.


I trade the majors (mostly), start off the 1hourly, wait for it to move untill it turns back for the first time and starts consolidating, than switch to the 5m chart and trade the candlesticks in speculative direction of the hourly praying for the right breakout....
one can try the same with daily chart as ur main,and 15min and 30 min as the chart to execut,the way to go about is u just watch daily chart once u see price moving in the direction of daily trend,then u move to 15,30,or 1 hr chart to see where is the best support and u enter with small position,infact less than ur equity.the trick is one should not watch lower frame chart at all till the price clearly moving on daily frame,otherwise one will get confuse due to fluctuations.
infact u can refine by watching single candle on daily frame and market will give u definite indication when it is moving in the direction of main trend,meanwhile one should learn to keep mind empty and fluid.
infact if u ask me which is important,YOU OR CAPITALISATION,i will dare say capitalisation is more important.becos inside one word capitalisation everything is wrap in.
Allah has permitted trade and has forbidden interest [koran]
  • #36,212
  • Sep 11, 2012 4:10pm Sep 11, 2012 4:10pm
Quoting bmtrader
2fti:

Hello fti, Im new to trading and Id like to say thanks for this thread. Been learning to trade for about a year and a half and I used this thread quite a bit as its pretty clear you are a man of experience. Now think I got something and Id be very happy to know your opinion.


I trade the majors (mostly), start off the 1hourly, wait for it to move untill it turns back for the first time and starts consolidating, than switch to the 5m chart and trade the candlesticks in speculative direction of the hourly praying for the right breakout....
fti is the best person to answer and hope he is well and in stealth mode. My opinion is:

 

  1. Do not short if it is uptrend.

  1. If you are following fti's way than fti and most here do not use stops.

regards

  • #36,213
  • Sep 11, 2012 10:06pm Sep 11, 2012 10:06pm
i hope no one is long USD right now.....


V
  • #36,214
  • Sep 11, 2012 11:49pm Sep 11, 2012 11:49pm
Hello All!
Just returned from visiting relatives in the USA, so no trading for some time. Hope everyone is well and healthy....
While visiting Chicago, I had an opportunity to meet with GEfx in his emergency office/sturbucks, where coffee is always fresh and internet working. We had a good time and a friendly conversation. Thanks GEfx, Next time coffee is on me!
All the Best, trade carefull!
  • #36,215
  • Sep 12, 2012 1:01pm Sep 12, 2012 1:01pm
Welcome back to the thread, Jaro. The thread's been quite lately. Wondering where everybody went - playing stealth trade, maybe. Am glad you had a wonderful stay in the US and an honor to meet one of our respected contributors. Stay safe....

Good Fortune to you!
  • #36,216
  • Sep 12, 2012 2:19pm Sep 12, 2012 2:19pm
Quoting jonyl_pips
Welcome back to the thread, Jaro. The thread's been quite lately. Wondering where everybody went - playing stealth trade, maybe. Am glad you had a wonderful stay in the US and an honor to meet one of our respected contributors. Stay safe....

Good Fortune to you!
Thanks
  • #36,217
  • Sep 12, 2012 4:33pm Sep 12, 2012 4:33pm
Quoting Jaro
Thanks
long time no see fti,is he alright?
Allah has permitted trade and has forbidden interest [koran]
  • #36,218
  • Sep 12, 2012 5:58pm Sep 12, 2012 5:58pm
Quoting drzakir123
long time no see fti,is he alright?
Was wondering about the same thing. Maybe someone can look at FB to see if there is any news there...
  • #36,219
  • Sep 12, 2012 6:09pm Sep 12, 2012 6:09pm
I was wondering about him myself. I pray he is ok, but fear the worst when he did not post over the weekend.

Hope all the rest of you are well.

Glad to hear Jaro was able to meet one of our own. Maybe some day we can have a TAF get together to honor Fti and put faces to the names.

Good Trading
Mike
  • #36,220
  • Sep 12, 2012 6:13pm Sep 12, 2012 6:13pm
Quoting tubguy
I was wondering about him myself. I pray he is ok, but fear the worst when he did not post over the weekend.

Hope all the rest of you are well.

Glad to hear Jaro was able to meet one of our own. Maybe some day we can have a TAF get together to honor Fti and put faces to the names.

Good Trading
Mike
Mike,
Did you look at fti FB?
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