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Technical Analysis Fallacy

  • #38,341
  • Jan 30, 2013 1:48pm Jan 30, 2013 1:48pm
see, here's 1 small example of volatility.
they still playing my 65 blotter with the 70 game.
but they just made my shorts 8 pips above theit head.
they play more and they may lose an arm.
and prices not even moved.

regards
  • #38,342
  • Jan 30, 2013 1:48pm Jan 30, 2013 1:48pm
ok
Attached Image
just live a life, don't be hard.
  • #38,343
  • Jan 30, 2013 1:52pm Jan 30, 2013 1:52pm
now my cost is 17 pips over their head.
already i booked cost + pips.
any more is free pips.

regards

can understand?
when you already booked pips, the position risk becomes no risk.
the remaining risk is all theirs.
this the power of dancing.
they pray they not trigger ducks, can avalanche a boulder on their heads.
  • #38,344
  • Jan 30, 2013 2:07pm Jan 30, 2013 2:07pm
Quoting fti
now my cost is 17 pips over their head.
already i booked cost + pips.
any more is free pips.

regards

can understand?
when you already booked pips, the position risk becomes no risk.
the remaining risk is all theirs.
this the power of dancing.
they pray they not trigger ducks, can avalanche a boulder on their heads.
hey fti they are looking for my ducks but finding none there,i am enjoying thier frustrations.,what do the german call it,yes schadenfreude lol
Allah has permitted trade and has forbidden interest [koran]
  • #38,345
  • Jan 30, 2013 2:17pm Jan 30, 2013 2:17pm
Quoting fti
now my cost is 17 pips over their head.
already i booked cost + pips.
any more is free pips.

regards

can understand?
when you already booked pips, the position risk becomes no risk.
the remaining risk is all theirs.
this the power of dancing.
they pray they not trigger ducks, can avalanche a boulder on their heads.
Well heck.....Maybe I do get it just a bit after all. Things just get clearer the more you talk Fti. God, what I would have given to have spent a day with you when you were trading for the bank.
  • #38,346
  • Jan 30, 2013 2:49pm Jan 30, 2013 2:49pm
Traders have to focus on basic market moving fundamentals and a technical analytics
time the execution of a preplanned viable money managed strategy,
Staying light weighted and nimble is key.
just use whats working for you and throw away all the rest of the junk
all important fundamentals will work their way into the charts
The important fundamentals for the forex are basically, world events and CB economics

Charting may be a definative method to sieve thru the actual market moving fundamentals.
Nevertheless it has its short comings that, it is still a lagger.
Understand that the charts are historical footprints of the market,
therefore they can hardly be predictive, without imposing on it assumptions.
AND i am one who is strongly against, imposing assumptions on my charts,
for me thats THE FALLACY, i mentioned in the title of this thread.

I much prefer to flow with it than to read things into it.


(29 nov 2007 9269 )
just live a life, don't be hard.
  • #38,347
  • Jan 30, 2013 2:54pm Jan 30, 2013 2:54pm
Quoting tubguy
Well heck.....Maybe I do get it just a bit after all. Things just get clearer the more you talk Fti. God, what I would have given to have spent a day with you when you were trading for the bank.
Ah
cat napped.
ok all squared.

ok i am glad you bulb's glowing.
ok tell me.
you watching the euro , right?
where's the volitility of the day?

regards

he went sleep?
anyone?

eeer please answer before i fall asleep again.
if you know you know, if you not you not.
  • #38,348
  • Jan 30, 2013 3:06pm Jan 30, 2013 3:06pm
Quoting fti
Ah
cat napped.
ok all squared.

ok i am glad you bulb's glowing.
ok tell me.
you watching the euro , right?
where's the volitility of the day?

regards

he went sleep?
anyone?



eeer please answer before i fall asleep again.
if you know you know, if you not you not.
I'm not asleep. LOL Just had to step away a moment.

Running the risk of sounding ignorant I would say about 1.5 hours after NY open till about lunch.

(ducks down...waiting for Fti to throw a shoe)
  • #38,349
  • Jan 30, 2013 3:07pm Jan 30, 2013 3:07pm
Quoting tubguy
I'm not asleep. LOL Just had to step away a moment.

Running the risk of sounding ignorant I would say about 1.5 hours after NY open till about lunch.

(ducks down...waiting for Fti to throw a shoe)
i just got nice fresh brew of coffee.

ok take a look at ths post and take a look at the chart and tell me again.

http://www.forexfactory.com/showthre...65#post6400665
  • #38,350
  • Jan 30, 2013 3:13pm Jan 30, 2013 3:13pm
Quoting fti
i just got nice fresh brew of coffee.

ok take a look at ths post and take a look at the chart and tell me again.
Ok, I'll take another poke at it. Tells me I need to study more.
Attached Image (click to enlarge)
Click to Enlarge Name: FtiVolitility.jpg Size: 68 KB
  • #38,351
  • Jan 30, 2013 3:16pm Jan 30, 2013 3:16pm
Quoting tubguy
Ok, I'll take another poke at it. Tells me I need to study more.
oops key word is chf

some one help me post the swissy daily chart, please.
then some one post the euro daily chart
and someone post the cable daily chart

if you cannot see it, then i surrender.
  • #38,352
  • Jan 30, 2013 3:19pm Jan 30, 2013 3:19pm
Quoting fti
oops key word is chf

some one help me post the swissy daily chart, please.
here is a chart sir. I'm all ears. WRONG CHART
Attached Image (click to enlarge)
Click to Enlarge Name: CHF.jpg Size: 61 KB
  • #38,353
  • Jan 30, 2013 3:25pm Jan 30, 2013 3:25pm
Quoting tubguy
here is a chart sir. I'm all ears. WRONG CHART
still waiting
swissy daily chart please.
  • #38,354
  • Jan 30, 2013 3:29pm Jan 30, 2013 3:29pm
Ok, I certainly see a difference in them if I have the correct charts now?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU5.jpg Size: 60 KB
Click to Enlarge Name: GU5.jpg Size: 60 KB
Click to Enlarge Name: CHF.jpg Size: 61 KB
  • #38,355
  • Jan 30, 2013 3:30pm Jan 30, 2013 3:30pm
Quoting tubguy
Ok, I certainly see a difference in them if I have the correct charts now?
swissy daily please
you won't see it in the short charts
  • #38,356
  • Jan 30, 2013 3:31pm Jan 30, 2013 3:31pm
Darn. You type to fast for me. LOL

Swissy Daily delivered.
Attached Image (click to enlarge)
Click to Enlarge Name: swissyDaily.jpg Size: 59 KB
  • #38,357
  • Jan 30, 2013 3:33pm Jan 30, 2013 3:33pm
Quoting tubguy
Darn. You type to fast for me. LOL

Swissy Daily delivered.
ok now tell me what was driving the markets?
  • #38,358
  • Jan 30, 2013 3:34pm Jan 30, 2013 3:34pm
Now not only do I suffer from CRS disease. (Can't Remember Shit) I realize that I have advanced stages of DKS as well. (Don't Know Shit)
  • #38,359
  • Jan 30, 2013 3:35pm Jan 30, 2013 3:35pm
Quoting tubguy
Now not only do I suffer from CRS disease. (Can't Remember Shit) I realize that I have advanced stages of DKS as well. (Don't Know Shit)
ok, now post the daily gold chart.
should be obvious.
  • #38,360
  • Jan 30, 2013 3:37pm Jan 30, 2013 3:37pm
Quoting fti
ok now tell me what was driving the markets?
Movement out of the dollar predominantly into the swissy.
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