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Technical Analysis Fallacy

  • #42,821
  • Edited 11:58am Sep 11, 2013 11:29am | Edited 11:58am
seems they very insistant take out weak long usd positions.

trapped cable scouts have a few options.

for Dr. your positions are clear to me.
so i will try show you way out of this.

there a few ways things can happen.
but as you not leveraged, your cable short scouts may need stay on arena, for longer time before can come home.

possible events are.
1. fed fomc decision.
2. iron lady trade data reads, at this prices, may make uk become uncompetitive on the tenure stretch.
3. upcoming boj ops, on their tax situation,coming on stream next year. already boj board has sounded warning.
4. emerging markets rebalancing. aus, india.

any of the events can bring some colour back to the usd.
so question is usd/????
cable/????

whereas over leveraged positions may be come ducks for em volatility pushes. victims.
so if overleveraged positions , is wiser raise white flag,book some damage regroup for terrain ahead.
if spot cash positions there many strategic maneuvers available.
adjust reinvent the position costings.

I do not want underestimate the undercurrent, seems can get poisoneous, and desperate.
cash is king.


regards

although euro/cable is dived very deep. but i not like the undertone.
is very deep for a reason. suspect if eurozone not gets its act together , may emerge weakest.
am thinking on the cable/yen front. seems better options, even cable/aud.
this seems frontline, and there many other crosses to examine.
  • #42,822
  • Edited 5:27pm Sep 11, 2013 11:57am | Edited 5:27pm
Quoting fti
seems they very insistant take out weak long usd positions. trapped cable scouts have a few options. for Dr. your positions are clear to me. so i will try show you way out of this. there a few ways things can happen. but as you not leveraged, your cable short scouts may need stay on arena, for longer time before can come home. possible events are. 1. fed fomc decision. 2. iron lady trade data reads, at this prices, may make uk become uncompetitive on the tenure stretch. 3. upcoming boj ops, on their tax situation,coming on stream next year. 4. emerging...
Hi Fti!
I have no position in the field at the moment, but thinking to go short if E/U test again 1.31. Probably will wait for TKO to see what will happen.
What kind of weather do you have around your house? Here is about 23C and very sunny!
  • #42,823
  • Edited 12:17pm Sep 11, 2013 12:01pm | Edited 12:17pm
Quoting Jaro
{quote} Hi Fti! I have no position in the field at the moment, but thinking to go short if E/U test again 1.31. Probably will wait for TKO to see what will happen.
no position is best. watch out for unprecedented volatility possibilities. Just dance carefully.
be as nimble as possible. price levels means nothing. Now need see how markets want wind down the books.
oh you mean tokyo.
they not imposing tax changes yet. best watch how markets want play this. maybe buy rumour sell fact. best stay nimble.
flow management.


regards

i have some cable short scouts in field. Not damaged, but lost back some loot.
but i like this build up scenerios, is going be interesting battle.
very very interesting. even have possibility of ww3. thumbsup for the events managers.
i always love complicated battles.
real test for traders.
Those survives into 2014, may gets on medals shortlist.
  • #42,824
  • Sep 11, 2013 12:08pm Sep 11, 2013 12:08pm
@fti minefield ahead??

regards.
don't predict direction, but dance with flow of water
  • #42,825
  • Sep 11, 2013 12:19pm Sep 11, 2013 12:19pm
Quoting priceaction1
@fti minefield ahead?? regards.
who uses mine fields anymore.
now we have guided missiles and projectiles. so stop sniffing the ground.

regards

didn't you see 1 rocket take off earlier. got taken out by anti missiles. now they regrouping.
doing missiles accounting.

i gotta take a rest. wait for more ground intelligence.
  • #42,826
  • Sep 11, 2013 12:26pm Sep 11, 2013 12:26pm
Quoting Jaro
{quote} Hi Fti! I have no position in the field at the moment, but thinking to go short if E/U test again 1.31. Probably will wait for TKO to see what will happen. What kind of weather do you have around your house? Here is about 20C and very sunny!
It is going up.... May need to wait a little longer...

What kind of medals for surviving 2013? Worth fighting for??
  • #42,827
  • Sep 11, 2013 12:30pm Sep 11, 2013 12:30pm
Quoting Jaro
{quote} It is going up.... May need to wait a little longer... What kind of medals for surviving 2013? Worth fighting for??

used to be can flatten metal coke caps for you. how about plastic caps?
oh the plastic bottle caps , not condom.

rest time, my friend.

regards
  • #42,828
  • Sep 11, 2013 12:34pm Sep 11, 2013 12:34pm
Quoting fti
{quote} used to be can flatten metal coke caps for you. how about plastic caps? oh the plastic bottle caps , not condom. rest time, my friend. regards
Rest well, and think about that "Finances" part I.... still waiting for it...

P.S. Will wait for that coke cap.. Will PM you my mailing address..
  • #42,829
  • Edited 12:59am Sep 12, 2013 12:48am | Edited 12:59am
wow, great, wake up see such a magnificent cock.

wow and your such nice 2 hanging papayas, they look very special.
never seen such colours shades before.
Thank You, for your kindness.
what type papayas? not seems growing from trunks?
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  • #42,830
  • Sep 12, 2013 1:24am Sep 12, 2013 1:24am
Quoting fti
wow, great, wake up see such a magnificent cock. wow and your such nice 2 hanging papayas, they look very special. never seen such colours shades before. Thank You, for your kindness. what type papayas? not seems growing from trunks? {image} {image}
Good Morning to you Fti!
Wow, nice pics., Is it your cock? How long to wait before eating time for this fruit?

P.S. I am short EU from 1.33189
  • #42,831
  • Edited 1:52am Sep 12, 2013 1:32am | Edited 1:52am
Quoting Jaro
{quote} Good Morning to you Fti! Wow, nice pics., Is it your cock? How long to wait before eating time for this fruit? P.S. I am short EU from 1.33189
nope cock not mine. Belongs to friend ex ThaiFarmers bank.
sorry, they only show pic of the papayas. probably alreay eaten.
so can enjoy see, no touch.
have you ever seen em this colour before?

regards

PS:in my opinion, short of euros in not very safe way buy usd.
is not wrong, but try not overstay.
its just because of euro crosses situations, any recoil in crosses can be dangerous. i not worried of the level, is the speed i worried about.
  • #42,832
  • Sep 12, 2013 1:57am Sep 12, 2013 1:57am
fti,I took profit on all the positions which are above 157 which comes to about 1000 pips [this is what I call living on enemy provisions ]
now the situation is such that my still remaining troops are in deep enemy territory and to bring them in home safely.now since I book profit I have more flexibility with them if nothing else and just sacrifice them my loss will be less than 0.1%.,but we are in this game to make money and infact my plan is as below.
basically the real attack on enemy will start now, for me enemy has shown his hand by suggesting 158.60 is a strong fortress[from there price bounce back about 170 pips] and I am anticipating price may revisit it one more time and if price reach there I will be ready with heavy artillery.also along the way few small fortresess their I may take advantage of that,its all depend on my feeling and price action at that moment.
now I will wait and watch and do nothing and just ready with big position above 157.40,the best way is to put limit orders their becos price action going to be too quick when the price reach their and one don't have enough time to execute market order.the only mistake in this campaign was my initial position at 156.it is slightly bigger position and it make my action quite restrain but again its all water under the bridge and only thing is I should not make such mistakes in future.
Allah has permitted trade and has forbidden interest [koran]
  • #42,833
  • Sep 12, 2013 1:58am Sep 12, 2013 1:58am
Quoting fti
{quote} nope cock not mine. Belongs to friend ex ThaiFarmers bank. sorry, they only show pic of the papayas. probably alreay eaten. so can enjoy see, no touch. have you ever seen em this colour before? regards PS:in my opinion, short of euros in not very safe way buy usd. is not wrong, but try not overstay. its just because of euro crosses situations, any recoil in crosses can be dangerous. i not worried of the level, is the speed i worried about.
Thanks fti, I am well protected now, so cannot sustain any damage, watching carefully at this time...
  • #42,834
  • Sep 12, 2013 1:59am Sep 12, 2013 1:59am
Quoting fti
seems they very insistant take out weak long usd positions. trapped cable scouts have a few options. for Dr. your positions are clear to me. so i will try show you way out of this. there a few ways things can happen. but as you not leveraged, your cable short scouts may need stay on arena, for longer time before can come home. possible events are. 1. fed fomc decision. 2. iron lady trade data reads, at this prices, may make uk become uncompetitive on the tenure stretch. 3. upcoming boj ops, on their tax situation,coming on stream next year. already...
FTI, do trade crosses ? Sorry I'm still in page 100 and have not reached here - page 2142- yet
Any way I see crosses as dangerous trading instruments. Although they may offer incredible profits but I like to think what if I was at the wrong side!
For example Eur/Aud , I was watching the pair at 4960 now it's trading in 43** in merely two weeks , a movement that neeed months to happen in majors.
in addition to the hunting of sitting ducks and spread pumping that can happen.
Enter Signature
  • #42,835
  • Edited 2:36am Sep 12, 2013 2:15am | Edited 2:36am
Quoting CHFJunkie
{quote} FTI, do trade crosses ? Sorry I'm still in page 100 and have not reached here - page 2142- yet Any way I see crosses as dangerous trading instruments. Although they may offer incredible profits but I like to think what if I was at the wrong side! For example Eur/Aud , I was watching the pair at 4960 now it's trading in 43** in merely two weeks , a movement that neeed months to happen in majors. in addition to the hunting of sitting ducks and spread pumping that can happen.
why not?
is it not currencies?
in fact when traders trading.
they trading crosses of domicile currency vs long currency vs short currency.
for some domicile currency maybe component of the long or short currency.
mostly is most liquid in the majors. so inexperienced traders shouldn't be all over the place.

experienced traders are mostly the international traders. They trade everything that has marketability.
I know 1 trader made fortune trading in printer ink.
also seen some lost their shirts trading in RAM.
thats not as easy to trade compared to flour.
Dad was a trader in cigarettes, he practically cornered that market regionally.



regards
  • #42,836
  • Sep 12, 2013 2:41am Sep 12, 2013 2:41am
Quoting fti
another jerk. liquidity is really really thin? i think actually nothings really happening. maybe broking games only. need wait iron lady leaders show hand. heard 1 bank in market talking 1.6 becareful is tier 1
Hi Fti,

Am still quite new to fx trading, trying to read and catch up as quickly as i can, thanks for sharing your insights here...

Am very concerned about the above quoted comment, were you referring to GU or Geppy wrt 1.6??? I'm very deep under water on GU, shorted at mid 1.54xx, Geppy ave 156.3, but if 1.6 is the whisper number then I might consider take some profit on geppy first and wait to short at a higher px....

Thanks in advance for your help.
  • #42,837
  • Sep 12, 2013 2:50am Sep 12, 2013 2:50am
Quoting Pita
{quote} Hi Fti, Am still quite new to fx trading, trying to read and catch up as quickly as i can, thanks for sharing your insights here... Am very concerned about the above quoted comment, were you referring to GU or Geppy wrt 1.6??? I'm very deep under water on GU, shorted at mid 1.54xx, Geppy ave 156.3, but if 1.6 is the whisper number then I might consider take some profit on geppy first and wait to short at a higher px.... Thanks in advance for your help.
i wouldn't be overly concerned, only if i have over exposure.
here guppys going for 10 per 50 cents. buy lots of these feed the koi.

sorry that i cannot be more help, i trade what i see.
reflections in crystal balls, i will watch if is colourful.
otherwise have other sexier illusions to watch.

regards
  • #42,838
  • Sep 12, 2013 2:57am Sep 12, 2013 2:57am
Sure Fti, thank you!

Hope you feel better after your rest...
  • #42,839
  • Sep 12, 2013 3:43am Sep 12, 2013 3:43am
Hi fti,

I am currently working on finishing AOW, still working on mindset. I still need more time to become a more mature trader.

I am wondering if it would be okay for me to post my thoughts (on this thread or somewhere else) on how I see your lessons (the lessons after mindset), come together and work as a whole?

I've been wanting to start demoing using your method, and I have already seen your advice on how to go about a demo, but I'm still worried that I won't be sure if I am doing it right without more feedback.

Wish you well.
  • #42,840
  • Sep 12, 2013 4:07am Sep 12, 2013 4:07am
ai yo หมอสารภี

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