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Technical Analysis Fallacy

  • #47,041
  • Jun 12, 2014 10:03am Jun 12, 2014 10:03am
Quoting fti
{quote} wah short usd yen? you made a bomb? regards
me small pot of water lah, water bomb can?

me went with usdyen, because saw some hesitation in euro on my chart immediate after news whereas usdyen was being bashed down,

went with 1,1,1,3,3,1,1,

-3,-5,-1,-1,-1
any areas that me should further work on?
THE ALL is MIND; The Universe is Mental
  • #47,042
  • Jun 12, 2014 10:08am Jun 12, 2014 10:08am
Quoting fti
{quote} eeer where have double top? neckline broke meh? naughty, you picking top. fight against flow. inverted head & shoulder. regards {image}
thanks for the input, chief!

what's DDS by the way?
  • #47,043
  • Jun 12, 2014 10:10am Jun 12, 2014 10:10am
Quoting Jacque
{quote} me small pot of water lah, water bomb can? me went with usdyen, because saw some hesitation in euro on my chart immediate after news whereas usdyen was being bashed down, went with 1,1,1,3,3,1,1, -3,-5,-1,-1,-1 any areas that me should further work on?
why?
you not happy with profits?

only area i think you should work on is CONTENTMENT.

a profits , a profit, better than a loss.
but 111 means you not confident attack abit late maybe, profittaking seems ok


regards
  • #47,044
  • Jun 12, 2014 10:12am Jun 12, 2014 10:12am
Quoting fti
{quote} why? you not happy with profits? regards
green is good no matter the amount

aiya, want to improve lah
THE ALL is MIND; The Universe is Mental
  • #47,045
  • Jun 12, 2014 10:19am Jun 12, 2014 10:19am
Quoting Jacque
{quote} green is good no matter the amount aiya, want to improve lah
when book improve, all aspects gets a little boost.
more foreign cap, every thing gets easier.
Just don't become over confident.


regards
  • #47,046
  • Edited 10:31am Jun 12, 2014 10:21am | Edited 10:31am
Quoting kinky
{quote} thanks for the input, chief! what's DDS by the way?
double dose support zone.

you can see wedge top break on top and flag bottom support base is same zone.
so all those trading the wedge top break will be buying and all the peeps looking for flag abc retrace will be buying that zone.

even lose also i will buy.

apex of wedge is at that zone
even drop is supported by HSH neckline.

more over have underlying bad usd figs driving the rally.



regards
  • #47,047
  • Jun 12, 2014 10:30am Jun 12, 2014 10:30am
Quoting fti
{quote} when book improve, all aspects gets a little boost. more foreign cap, every thing gets easier. Just don't become over confident. regards
yes, thank you for the guidance. me is content lah, me is using small pot, then get small pot of water make water bomb loh, no have big container yet make big bomb
THE ALL is MIND; The Universe is Mental
  • #47,048
  • Jun 12, 2014 10:31am Jun 12, 2014 10:31am
Quoting fti
{quote} double dose support zone. you can see wedge top break on top and flag bottom support base is same zone. so all those trading the wedge top break will be buying and all the peeps looking for flag abc retrace will be buying that zone. even lose also i will buy. regards
hi fti,

perpetual interest aligned on the buy side?
  • #47,049
  • Jun 12, 2014 10:36am Jun 12, 2014 10:36am
Quoting CookieMonsta
{quote} hi fti, perpetual interest aligned on the buy side?
no was already strated day bias towards 13625

but didn't find reason ride.
after figs got slightly aggressive, because already have the bias.
Bias + opportunity.

Europe session made small pips.
used that as cap for slight aggression.


but really was trying show you peep how bargain.
missed 2 attacks.

maybe is beginners luck, today a little smooth.
for starting just wanted get some pips, no get adventurous.
but i very happy i a little naughty.




regards
  • #47,050
  • Jun 12, 2014 10:39am Jun 12, 2014 10:39am
Quoting fti
{quote} no was already strated day bias towards 13625 but didn't find reason ride. after figs got slightly aggressive, because already have the bias. Bias + opportunity. Europe session made small pips. used that as cap for slight aggression. but really was trying show you peep how bargain. missed 2 attacks. regards
Hi Chief,

What made the bias? If I may ask?

own position more important ... if you mia ... we know you in toilet

Regards,
  • #47,051
  • Jun 12, 2014 10:41am Jun 12, 2014 10:41am
Quoting fti
{quote} double dose support zone. you can see wedge top break on top and flag bottom support base is same zone. so all those trading the wedge top break will be buying and all the peeps looking for flag abc retrace will be buying that zone. even lose also i will buy. apex of wedge is at that zone even drop is supported by HSH neckline. more over have underlying bad usd figs driving the rally. regards
TA and FA double whammy. i made a mistake trying to sell into the significant support zone. actually i was already feeling the heat prior to the break of the flag should have already turned by then when the boat is still small.
  • #47,052
  • Jun 12, 2014 10:43am Jun 12, 2014 10:43am
Quoting fti
{quote} no was already strated day bias towards 13625 but didn't find reason ride. after figs got slightly aggressive, because already have the bias. Bias + opportunity. Europe session made small pips. used that as cap for slight aggression. but really was trying show you peep how bargain. missed 2 attacks. maybe is beginners luck, today a little smooth. for starting just wanted get some pips, no get adventurous. but i very happy i a little naughty. regards
hi fti,

interesting, 1 question though, I'm curious as to how you arrived at the 13625 number, is it because of last thursday on 05-06-2014, where there was a strong rally up?
  • #47,053
  • Jun 12, 2014 10:46am Jun 12, 2014 10:46am
Quoting CookieMonsta
{quote} hi fti, interesting, 1 question though, I'm curious as to how you arrived at the 13625 number, is it because of last thursday on 05-06-2014, where there was a strong rally up?

was daily range weekly pivot, just a suspicion.
no real reasons.

If we found support , that would be likely 50% target retracement also.
just i itchy backside.

you cansee from the daily euro charts, this 1st zone of possible support.
is either 1.3525 or 1.3500

europe zone i tried capture 35/40 zone.
buy only managed escape with small pee.

so they did25 zone i wanted try, looking for the reason, which figs gave.

near 70 hav some resist. but if you look at how they finish tonigh will give clues for tomollo strategies.
is already outside day.


regards
  • #47,054
  • Jun 12, 2014 10:52am Jun 12, 2014 10:52am
Quoting fti
{quote} was daily range weekly pivot, just a suspicion. no real reasons. If we found support , that would be likely 50% target retracement also. just i itchy backside. you cansee from the daily euro charts, this 1st zone of possible support. is either 1.3525 or 1.3500 regards
hi fti,

i don't think is no real reason, think it is ur years of experience automatically giving you the number, kind of a reflex.
you are really very experienced.
  • #47,055
  • Jun 12, 2014 10:56am Jun 12, 2014 10:56am
Quoting CookieMonsta
{quote} hi fti, i don't think is no real reason, think it is ur years of experience automatically giving you the number, kind of a reflex. you are really very experienced.
Hi CM,

Are you kidding ?

Inserted Video


Regards,
  • #47,056
  • Jun 12, 2014 10:56am Jun 12, 2014 10:56am
Quoting CookieMonsta
{quote} hi fti, i don't think is no real reason, think it is ur years of experience automatically giving you the number, kind of a reflex. you are really very experienced.

thank you.

but no praise too much.
if my tail comes up, may become difficullt manage it.

regards
  • #47,057
  • Jun 12, 2014 10:58am Jun 12, 2014 10:58am
Quoting trad8
{quote} Hi CM, Are you kidding ? http://www.youtube.com/watch?v=TMYmUlMEYeM Regards,
hi trad8,

, no kidding
  • #47,058
  • Jun 12, 2014 10:59am Jun 12, 2014 10:59am
Quoting trad8
{quote} Hi CM, Are you kidding ? http://www.youtube.com/watch?v=TMYmUlMEYeM Regards,

oh the real thing?
nice group.

Inserted Video


regards
  • #47,059
  • Jun 12, 2014 11:01am Jun 12, 2014 11:01am
Quoting fti
{quote} thank you. but no praise too much. if my tail comes up, may become difficullt manage it. regards
, got it.
  • #47,060
  • Jun 12, 2014 11:13am Jun 12, 2014 11:13am
Inserted Video


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