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Technical Analysis Fallacy

  • #51,441
  • Jan 15, 2015 3:19am Jan 15, 2015 3:19am
Quoting foobar
{quote} Hi Chief, it sounds like you are looking only to buy EURUSD and GBPUSD, (short USD). Please correct me if I'm wrong but is there a reason for having such a bias? Who are the peeps setting the traps? It does feel like EURUSD is somewhat oversold but shouldn't we just try to read what is happening daily to pick up the trend? Thank you for your kind advice Wayne
I think we should not try to read what is happening daily as we do not know - we should not think too much and go with the current feel and adjust/adapt based on what market does in the NOW. I think this is what FTI has been telling me as there is a risk of rigidity otherwise and we must flow with the water and adapt our "analysis" as we go.

I do not think FTI has a bias (?) - I think he adjusts/adapts with years of experience. He tries not to get suckered into moves. But I look forward to any reply he gives here - as he usually blows my brain with his replies (seem so simple on 1st reply but they are very powerful).

After all eur could keep going down if market wants it to = or not. (looking at D1 having trouble)
check out the terrain - follow never lead
  • #51,442
  • Jan 15, 2015 3:44am Jan 15, 2015 3:44am
oh dear.....

hope no one here was gambling on the chf bank peg.

regards

Phil.

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-be careful about what you allow to be put in your mind-
  • #51,443
  • Jan 15, 2015 3:44am Jan 15, 2015 3:44am
wow.. 200 pips drop in eurusd.. i wonder how far the stop loss orders were filled!

timely reminder that babysitting so important.. especially if you have committed many troops!
  • #51,444
  • Jan 15, 2015 3:49am Jan 15, 2015 3:49am
Quoting phil13
oh dear..... hope no one here was gambling on the chf bank peg. regards Phil. {image}
Gambled and won
Learning is a Journey Not a Destination
  • #51,445
  • Jan 15, 2015 3:56am Jan 15, 2015 3:56am
Quoting FFStudent
{quote} Gambled and won

Hi FFStudent

i think most would of been long (EUR/CHF), well done... drinks are on you then.....

i was not in that pair. but had some short A/U and something told me to start a long in the G/U this morning, cashed the A/U and set the G/U to b/e, so out for now until it calms down.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,446
  • Jan 15, 2015 4:14am Jan 15, 2015 4:14am
4200+ pips down in Eur CHF , what a bad news it is. million of fx trader loss her money today.
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  • #51,447
  • Jan 15, 2015 4:17am Jan 15, 2015 4:17am
Quoting phil13
{quote} Hi FFStudent i think most would of been long (EUR/CHF), well done... drinks are on you then..... i was not in that pair. but had some short A/U and something told me to start a long in the G/U this morning, cashed the A/U and set the G/U to b/e, so out for now until it calms down. regards Phil.
wise decision Phil13,good luck
sometimes i couldn't help being so wise ,sometimes it works but not mostly
am learning much of you guys here
Learning is a Journey Not a Destination
  • #51,448
  • Jan 15, 2015 4:28am Jan 15, 2015 4:28am

  1. Retail platforms pulling swiss quotes
    From forexlive.com
    http://www.forexfactory.com/resource...tory-quote.png
    It looks like MT$ providers have pulled swiss quotes so I don’t know how everyone is doing out there. I’ll update with bloomberg quotes EUR/CHF is trading 1.0447 Low 0.8517 GBP/CHF 1.1793 low 1.1729 USD/CHF 0.8816 low 0.7400



good luck to all those who pulled out quickly...

this is what we are up against........ as if trading is not hard enough, they want it all on their side.

regards

Phil.

-be careful about what you allow to be put in your mind-
  • #51,449
  • Jan 15, 2015 4:30am Jan 15, 2015 4:30am
Quoting phil13
{quote} Hi FFStudent i think most would of been long (EUR/CHF), well done... drinks are on you then..... i was not in that pair. but had some short A/U and something told me to start a long in the G/U this morning, cashed the A/U and set the G/U to b/e, so out for now until it calms down. regards Phil.
I was short AU too. Now I cant close my profits even tho I have set my TP.

/
Strangely quotes are pass my TP but it is not filled
/
Have taken pics to email to broker..
I sense foul.
/


CHF have just messed many funds up I guess.
Cant wait for NY to begin
Fall in love with the process, and the outcome takes care of itself.
  • #51,450
  • Jan 15, 2015 4:38am Jan 15, 2015 4:38am
Quoting RelaxRay
{quote} I was short AU too. Now I cant close my profits even tho I have set my TP. / Strangely quotes are pass my TP but it is not filled / Have taken pics to email to broker.. I sense foul. / CHF have just messed many funds up I guess. Cant wait for NY to begin
Hi RelaxRay

i bet they were quick enough to take your money though.....

fti will have the best advice about how to proceed.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,451
  • Edited 5:08am Jan 15, 2015 4:48am | Edited 5:08am
Quoting foobar
{quote} Hi Chief, it sounds like you are looking only to buy EURUSD and GBPUSD, (short USD). Please correct me if I'm wrong but is there a reason for having such a bias? Who are the peeps setting the traps? It does feel like EURUSD is somewhat oversold but shouldn't we just try to read what is happening daily to pick up the trend? Thank you for your kind advice Wayne
nope, i not have bias.
have some trapped small scout longs.

I really not know whats happening.
The sell off is already very deep low.
I didn't traded it down, and had some small order left in markets filled.

I trying find the sweet spot, between what happening in markets and getting my energy together manage it.
I not sounds looking buy. already bought and still cannot fig out whats happening in 2015.
but i refuse cost average until the dancing shows me whats happening.

lots distractions on my mind for now.
2015 seems starts very eventful. I trying get back to society happenings, finds lots dungs instead.
But is the finishing that matters.


https://www.facebook.com/video.php?v...type=2&theater

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https://www.google.com/?gws_rd=cr&ei...ibuu&tbs=qdr:h

and france and nigeria and................no one has a clue who's pumping markets.

maybe i wait after my oxy compressor servicing before push the envelopes?
mostly i not feel ready. lots chest tweeks.
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  • #51,452
  • Jan 15, 2015 5:10am Jan 15, 2015 5:10am
enemies within and from out.
peace and tranquility.power storms.

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regards
  • #51,453
  • Jan 15, 2015 5:11am Jan 15, 2015 5:11am
Chief,

after witnessing CHF moving 40% against other currency pairs, I know why you keep emphasizing must babysit positions. It's the first time in my limited experience of seeing such a brilliant move.

Markets will always be there so no rush, so do take your time to rest.
  • #51,454
  • Edited 5:43am Jan 15, 2015 5:21am | Edited 5:43am
Quoting foobar
Chief, after witnessing CHF moving 40% against other currency pairs, I know why you keep emphasizing must babysit positions. It's the first time in my limited experience of seeing such a brilliant move. Markets will always be there so no rush, so do take your time to rest.
only CHF?

whats about ruble , Irupee......eveything feels so unbalanced flux for now.

regards

mom bought me new gifts. protect my airspace. nice upcoming birdsday presents.
maybe she wants me brush up my tennis skills.
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  • #51,455
  • Jan 15, 2015 6:01am Jan 15, 2015 6:01am
Quoting phil13
{quote} Hi RelaxRay i bet they were quick enough to take your money though..... fti will have the best advice about how to proceed. regards Phil.
No, strangely they closed half of it, on the first spike down.. No idea why the others wasnt filled...
Oh well. We'll see how it goes.

Yes, that is true.

@FTI, What say you? :/
Fall in love with the process, and the outcome takes care of itself.
  • #51,456
  • Jan 15, 2015 6:05am Jan 15, 2015 6:05am
Quoting fti
{quote} only CHF? whats about ruble , Irupee......eveything feels so unbalanced flux for now. regards mom bought me new gifts. protect my airspace. nice upcoming birdsday presents. maybe she wants me brush up my tennis skills. {image}
Haha these bats a fantastic.! We are lucky here in england we do not have so much a problem especially in the winter, I am travelling to thailand soon though so may need one.!

Incredible day and move in the Swiss Franc. Wow.!

I think We are seeing some extreme times at the moment. The rouble a few weeks ago, Oil Price, problems in Europe, think we are definitely in for a very interesting year many potential opportunities.
  • #51,457
  • Edited 6:19am Jan 15, 2015 6:06am | Edited 6:19am
Quoting RelaxRay
{quote} No, strangely they closed half of it, on the first spike down.. No idea why the others wasnt filled... Oh well. We'll see how it goes. Yes, that is true. @FTI, What say you? :/

maybe i caught small on wrong side of the run already. still probing.



regards

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  • #51,458
  • Jan 15, 2015 6:56am Jan 15, 2015 6:56am
Quoting fti
{quote} maybe i caught small on wrong side of the run already. still probing. regards https://www.youtube.com/watch?v=JWh2qT9yiTo https://www.youtube.com/watch?v=sUXDjg6_bhM

Noted.

Cant understand Swiss
http://www.snb.ch/en/ifor/media/webtv/id/webtv

Fall in love with the process, and the outcome takes care of itself.
  • #51,459
  • Edited 8:07am Jan 15, 2015 7:47am | Edited 8:07am
Quoting Acs_112
{quote} Haha these bats a fantastic.! We are lucky here in england we do not have so much a problem especially in the winter, I am travelling to thailand soon though so may need one.! Incredible day and move in the Swiss Franc. Wow.! I think We are seeing some extreme times at the moment. The rouble a few weeks ago, Oil Price, problems in Europe, think we are definitely in for a very interesting year many potential opportunities.

I was not affected by move - but MM big reminder and never ever ever leave babies alone (not done that so far and so will stick with policy).

You are lucky off to Thailand - love the crab and mackerel - great food & nice time of year - I have just come back - missing it already - go for nice massage too
check out the terrain - follow never lead
  • #51,460
  • Edited 8:10am Jan 15, 2015 7:47am | Edited 8:10am
Quoting RelaxRay
{quote} Noted. Cant understand Swiss http://www.snb.ch/en/ifor/media/webtv/id/webtv


regards
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