5/16/10 USA date im holding on to my positions but need to watch carefully, image image i have now scaled back to 1 lot= my scout position, seems like price might actually move down, this is evident by the lack of demand is moving the quotes ...

Red Lions Trading Journal

i had 4 troops in, scaled back 1 lot, due to price exhibiting momentum change, still in with scout and levle 2 to ride movement if it continues, ready to scale to level 3 attack if price shows strength image

Red Lions Trading Journal

trading action for today — image thats what this trade looks like in the hourly time frame that is what this trade looks like when in the 5 minute for timing. now the key here is to forage on the enemy, only risks pips gained, and im ...

Red Lions Trading Journal

its been a while since i post in my journal, and i look back at all the B/s and clutter i used to have in my charts. i have now found a new methodology that uses techinical analysis properly and i will now be posting in this journal my new trades. ...

Red Lions Trading Journal

im having a little bit of trouble trying to be nimble Mamood. i think i will have to find my own feel for the dance. using solely the 5 minute chart and attempting to scale and descale on price thrust , im finding it a little tricky, i press attack ...

Technical Analysis Fallacy

I see, MAMOOD. i am grateful for clarifying that point. trade the price movement as long as it decides to take you, if you see he is changing his mind or slowing. you begin to prepare to get of the bus. if he continues going, you go if he stops and ...

Technical Analysis Fallacy

my assignment for the following trading week will be IDENTIFY DIRECTION who of the new traders would like to join me in this seemingly simple task (its tougher than it sounds) all week and maybe month or year, however long this takes me, i will ...

Technical Analysis Fallacy

Fana as i have stated, FTI does not teach any rigid methodologies if you are good at scalping then so be it. from my little experience on the markets i have found that , i am most profitable when going in the direction of the trend. i have gotten ...

Technical Analysis Fallacy

so in essence when FTI teaches us to dance with the market he is not in anyway saying to be scalpers. he actually mentions that pigs get slaughtered, so trying to catch upwaves down waves and move in and out of the markets can get us in financial ...

Technical Analysis Fallacy

if im just cluttering the thread let me know and i will stop. i wrote all this in word perfect did not copy and paste actually wrote to memorize it and understand it better. and the newbies if you would like a copy of my notes by when im done i ...

Technical Analysis Fallacy

Hi FTI, have been studying this thread lately from page one, and i realized that there is a lot more than meets the eye, so i have been taking notes in an attempt to decifer your words. this is what i have come up with so far. so please correct me ...

Technical Analysis Fallacy

definately fana. i am trading to gain knowledge not to make money. i promised FTI i will be one of the greatest traders of our time, and if god is willing and gives me health. i WILL achieve that, to help people with my profits, open center, employ ...

Technical Analysis Fallacy

thanx fana, i predicted the corrective wave that did not happen, i calculated the stop hunting might bring price down for better average, but it did not happen. you just touched a key point, I was RIGID in my mentality of trying to rescue the ...

Technical Analysis Fallacy

no not really, i didnt panic actually its all foreign capital, but i would have like to have kept that foreign capital and bank it on monday, to start the week anew. what did go through my head however was " the euro is at a key level with a ...

Technical Analysis Fallacy

today i suffered a loss in the markets, and although losses are part of the game. i want to post here my trade. and own up to the fact that i did not follow AOW methodology. i wish people could learn from my mistakes and i will post here what i ...

Technical Analysis Fallacy

selling the tops is still a good idea the thing is that price found some consolidation at 1.42 so we might be seeing a bullish corrective wave overall outlook still bearish

EURUSD

yep and it all start with shaking off the speculators with the commodities nice Gov move gave the buck some oxygen as it was ready to pass out couple of weeks ago while keeping monetary policy intact it is important to measure the strength for ...

EURUSD

long 1 lot 1.42731 to feel the market pulse will await for the market to give me some risk capital to play with

EURUSD

i disagree. leading = predicting= b/s lagging= past= b/s price simply cannot be predicted. so work on what you can control and what you DO know flexibility, understanding of the market and market structure, and learn to manage risk, maximize profit. ...

Lagging Indicators -vs- Leading Indicators

price prediction is a bit of a philosophical discussion and much debate has been done on it. EMH for example there are 3 kinds weak, semi-strong and strong and in a nutshell they say that although participants are not efficient or rational as whole ...

Timing and Reading the Markets