Sure, but you might want to close the long positions, too. Trading changes in trend can be difficult, and requires some skill. Caution is advised.

Technical Analysis Fallacy

No. Based on your picture, you are not in rescue but have flipped your postion to south. If you are going to rescue, wait for the south move to complete and then go into rescue.

Technical Analysis Fallacy

Fana, your picture is incorrect. Based on what you have drawn, you are in attack mode not rescue mode on ef. Rescue only is it retraces on ef. Please be careful with this stuff.

Technical Analysis Fallacy

Posting a E/J trade from this morning at London open. Earlier in the morning the PA had broken the previous support at 111.62, which opened a move further south after a small pullback. Entry was a bit early at 111.74, and my objective was about 45 ...

(binned per thread starter's request) For What It's Worth

Happy trading day everyone, glad to see more trade discussion here, and to see fti is here, too. I am short the E/j at 111.74 and it is finally going my way. Hope you are all trading well. Back to focus! Edit: square at 111.30, getting all scary in ...

Technical Analysis Fallacy

I wouldn't feel too bad about it. He has been posting on another thread today and his attitude remains the same over there. While I agree with Zoran, there are times when an angry and hateful attitude must be addressed. I wish nubcake would find ...

Technical Analysis Fallacy

Depending on which line of work you select, both are occupational hazards that come with the job. Just forget about the hurt and know your limits.

Technical Analysis Fallacy

I saw this last week, very funny! With oil at $75 a barrel, we should all meet in New Orleans, have a few drinks and a nice meal, and then head out to the gulf and start collecting this stuff. The Gulf of Mexico is filling up with it and its ours ...

Technical Analysis Fallacy

Gro, yes I did read your post, and things may be getting a little spooky now. I hope this is nothing, but it's worth keeping an eye on. Just a guess, but an attack may shut things down for a while as the world and markets hold their collective ...

Technical Analysis Fallacy

It really was Zoran, and I have a heavy heart for you since you could not see your sons. My two kids are still at home but it will be soon that they are gone, so I take every opportunity to enjoy the time with them. Take care!

Technical Analysis Fallacy

Just read a report on Drudge that 11 US warships (lead by the USS Truman) and 1 Israeli warship have passed through the Suez Cannel on their way towards an Iranian flotilla headed for Gaza. Hope this is not a prelude to a conflict with Iran (or ...

Technical Analysis Fallacy

Understood.

Technical Analysis Fallacy

On a more serious note: does anyone have any insight into what China said this weekend regarding the yuan? My understanding is that on Saturday, they said they would allow a free float, then on Sunday they took that back. I am confused, but perhaps ...

Technical Analysis Fallacy

Cubs fan here, and they are killing me this season. I became a Bulls fan when MJ was a rookie. I agree, it doesn't feel the same now.

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Well said auxesis. I thought about adding a few comments, but I think you said it already. Edit: Were you cheering for the Lakers or Celtics?

Technical Analysis Fallacy

Nice trading.

Technical Analysis Fallacy

Perhaps we have again reached a point where we must ask, where is the thread going? The discussions on sprials and Gann are interesting, but without fti's paricipation (and I think he has opted out of discussion) my impression is that we are just ...

Technical Analysis Fallacy

Fana, I do not mean to be impolite, but what the heck are you talking about? What does this chart mean to you? Please explain how this chart helps you identify your next trade, and how does it help you improve your trade execution? You have read ...

Technical Analysis Fallacy

I love google search and translate! LOL and right on target fti.

Technical Analysis Fallacy

Fana, all I can say is, "Wow". I do not mean that in a good way. Learn to draw accurate and meaningful trend lines, and then understand that you can not trade them. In fact, a trend lines will tell you, at best, when to not trade, but never when to ...

Technical Analysis Fallacy