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Technical Analysis Fallacy

I'd like to stress that's the way i have behaved in the past, not what I do now

I read through my post and I sound like a fool!!
if we go the 261% extension , i will start to look at weakness sign , to send first scout short
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  • Edited 6:52am Oct 18, 2013 6:38am | Edited 6:52am
Quoting Redsunfx
if we go the 261% extension , i will start to look at weakness sign , to send first scout short {image}

One problem is that we are heading to the weekend
London session will end in 5 hours it overlaps NY session and then volume dryes out everybody want to go safe to the weekend
So there is not a very big time window
your 261% inlines with my 1.3710 level ( i am not looking on Fibonacci as price levels just as sizes) that i think will be taken out before market decide which way to go (ducks and accumulation or distribution)
if it happens soon then i think there is a time for fight (light size)
If it will happen in ny lunch i think it is a pass.
There us many stop losses and buy stops in the market above 1.3710 it is a very significant level i think.
So stil SOH (Sit on Hands) for now
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
i think a scout can spend the week end alone on the field ....
fti, I made a research about fx price shading and I want to make sure of I have found out.
Price shading happens when brokers look to increase their profits by shading adding extra pips to the price they got from their liquidity providers.
if they get e/u for example 1.3655 / 1.3556 they offer their customer 3654 -3657, and if they monitor order flow and find out retail customers are buying while they see market will sell off
they shade their buy price to be 1.3658 to squeeze their buyers of some extra pips.
is this right?
and in order to benefit from shading , retail trader has to be aligned with the right side of the market.
or trade through a straight through processing broker as shading mainly is done mainly by dealing desks.
Enter Signature
Quoting Redsunfx
i think a scout can spend the week end alone on the field ....
He can but what his mission ?
he will be lonely.
and after he will be tired and go to sleep he can woke up in the market and find that enemy all over the place
he can be deep under water
Do not be victim to conflict of the General and Commander in you - by FTI
anyway no scout send , just start my week end plateform closed , just checking something ...

if stock index in the US = UP ==>JPY is going down (not USD/JPY)
if stock index in the US = DOWN ===>JPY is going up

reasons=

if wall street is bullish on stock they borrow JPY to buy USD to buy stock
if wall street is bearish they sell stock to get USD and buy JPY to pay back debt

so

if index un the US are up ===> USD/JPY is going up

is this statement right or pure BS .....?
something else


1.
USD/JPY = -
EUR/JPY = +
so
EUR/USD = +

2.
USD/JPY = -
EUR/JPY = -
so
EUR/USD = -

3.
USD/JPY = +
EUR/JPY = -
so
EUR/USD = -

4.
USD/JPY = +
EUR/JPY = +
so
EUR/USD = +

is this something that someone use to find the rythm , or im using the wrong path ?
and the last

if USD = -
JPY, CHF, EUR are the leaders to go up

if USD=+
GBP is the leader to go down
gbp leads? when it stops, long usd I guess...

anyway, europe ccy lead, asia ones follow.

timewise, should last some weeks; buildup lasted months. No clue, just scalping right now.
Quoting fti
{quote} you seem know very little about your business. twinlight zone is the period between when ny closes and wellington open. during that time , only the fishes living inside the pacific ocean is making prices in forex. regards
I protest; I don't live in the pacific ocean
Quoting fti
{quote} why am i awake at unearthly hours? oh short nap only. oh thats easy, i thought you had difficult question. ny closing, thats the best time determine high and low of the day. after 2 hours twinlight zone , welligton starts new day. regards
and saturday is the best time to determine high and low of the week

earlier today I was thinking about learning a trading strategy a day and then compiling everything into a document.

chaptered like this:
price action strategy
fundamental trading strategy
technical analysis strategy

hmm i wonder if that would that help me in my trading
work out your daylight, tolerances and time scales that suit YOU.

Strategy 1
Is price going up = BUY
Strategy 2
Is price going down = SELL
Strategy 3
Is price going against my scouts/entries = DROP EGO AND FLIP


Thinking you know something is over rated in this game!


Rule 1
Protect book
Rule 2
Do not forget rule 1
Rule 3
PROTECT YOUR BOOK!


Good night (and weekend) all.

regards

Phil.
-be careful about what you allow to be put in your mind-
Quoting Redsunfx
if we go the 261% extension , i will start to look at weakness sign , to send first scout short {image}
oh ok.
what about if they do 260.5% and tops.
what about 260%?
what about 259%?
258%?
257%?.............

ai ya, unearthly hours on a saturday.

regards
Quoting Redsunfx
i think a scout can spend the week end alone on the field ....
You should try do that sometimes.
tell me how it feels.

me would like go bier garden. Only no one goes in a wheelchair.

regards
Quoting Redsunfx
anyway no scout send , just start my week end plateform closed , just checking something ... if stock index in the US = UP ==>JPY is going down (not USD/JPY) if stock index in the US = DOWN ===>JPY is going up reasons= if wall street is bullish on stock they borrow JPY to buy USD to buy stock if wall street is bearish they sell stock to get USD and buy JPY to pay back debt so if index un the US are up ===> USD/JPY is going up is this statement right or pure BS .....?
your mind is in lots ifs.
if today is sunday then markets closed.
but today is saturday and markets also closed.

if today is monday where will stocks go.
if i died today then i no need worry about monday.
if saturn crosses Yuranus on sunday then we all have diarea?
if you ask me i think you right and its all pure bs.

if i am in the treasury, i have a name term for what you experiencing.
Is called mind fart.

regards
Quoting Redsunfx
something else 1. USD/JPY = - EUR/JPY = + so EUR/USD = + 2. USD/JPY = - EUR/JPY = - so EUR/USD = - 3. USD/JPY = + EUR/JPY = - so EUR/USD = - 4. USD/JPY = + EUR/JPY = + so EUR/USD = + is this something that someone use to find the rythm , or im using the wrong path ?
in so many ways is what the mind does.
whether its looking for rhythm i not very sure, but is definately looking.
probably for trouble.
better ask mind please quiet for now and try if can see whats happening in market.
then after mind cleared and can see whats happening, then the ifs may have some meaning.
BUt is ok, then monday we no need do all this again.

Should i buy red shoe or should i buy black one instead?

regards
Quoting fti
{quote} You should try do that sometimes. tell me how it feels. me would like go bier garden. Only no one goes in a wheelchair. regards
I think you have a MINDSET issue with your wheelchair .....relax focus and stay nimble......
Quoting 4tiger
{quote} and saturday is the best time to determine high and low of the week earlier today I was thinking about learning a trading strategy a day and then compiling everything into a document. chaptered like this: price action strategy fundamental trading strategy technical analysis strategy hmm i wonder if that would that help me in my trading

ah yes.
i will informed market.
whats subject we doing on monday please?
so that i can inform them.

then everyone become billionants and we all sit and grow fat.

regards
Quoting Redsunfx
{quote} I think you have a MINDSET issue with your wheelchair .....relax focus and stay nimble......
wheelchair issues? huh? whats the alternative?
the problem is on a wheel chair, even if I went octoberfest , can see nothing. can't keep asking them bend down show.
and you know what they gets keep bending , is dangerous for them.
and is dangerous sit near the warm beir dispenser. esp when evey one's bladdar so full.

oh yes, "relax focus and stay nimble" on a saturday? then monday we go oktoberfest? and stay drunk whole week?


regards
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