It's like watching a train wreck in slow motion. Unfortunately, the same holds true for the US, only the wreck is a few years off, or is in slower motion, not sure. Trade well.

Technical Analysis Fallacy

Me too

Technical Analysis Fallacy

I have the euro squaring up the 1.2268 level and holding before deciding what to do next. Some good trading today through NY. Hope you are all trading well.

Technical Analysis Fallacy

Happy trading day everyone! Looks like 1.2205 has been squared up on the E/$, and possible more north to come. I have the wait trade in right now and will see what develops. Trade well my friends. auxesis: it was a great baseball game with a double ...

Technical Analysis Fallacy

Jumping between the basketball game and the Cubs/White Sox game. Not sure of the euro now, need some more time to develop.

Technical Analysis Fallacy

I wanted to focus on the euro chart that was posted last week (see above). Both are 1H time frame charts. We have retraced to the .786 fib area as the currency pair attempts to square the 1.2205 level. Notice in the beginning of the week that the ...

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

Thanks fti, very interesting read. I have a difficult time reading anything Soros writes. The underlying message seems to always be that he knows what is best for all of us. His hatred for conservatives in the US (therefore, me) is well documented. ...

Technical Analysis Fallacy

Wow what a day. Looks like we're in for a short term rally in the euro, so let's continue to take it north. Getting ready for Tokyo and will not spend much time waiting for it to get moving. Tomorrow London has some interesting FA's and the US has ...

Technical Analysis Fallacy

Yea, I think the sentiment on the euro has swung around to it being oversold, and I have been saying that 1.2205 needs to be squared up, so I think the north move may have some legs to it. Waiting for a pullback before entry. Edit: the gbp has just ...

Technical Analysis Fallacy

Back to the sidelines waiting for an entry on the euro crosses or the gbp. Just exited a $/CAD short after hitting my mental limit. Of course, it is moving farther south but I banked some nice profits (what were those comments from yesterday about ...

Technical Analysis Fallacy

Happy trading day everyone. I have been in no trades so far today since London. There are several more FA before NY open to consider and am trying to avoid any traps. However, everything is set up for trades and this may be a good day...time will ...

Technical Analysis Fallacy

LOL -- when it's consolodating, ping pong is the game. Some pretty big ranges to play with recently. Hope you are well. I just post some of the things I get in to in order to participate, and to let some of the new people know that there are trade ...

Technical Analysis Fallacy

OK, I am short the E/$ at 1.2033, protecting 1.2028, and thinking this is my last trade of the NY session. Will let this run a bit more and then rest for Tokyo open. Good trading everyone! Edit: Square at 1.2013.

Technical Analysis Fallacy

I am short the E/$ at 1.2042 protecting the entry price. Edit:square at 1.2038

Technical Analysis Fallacy

Heads up to anyone who is around: Big Ben is before the US House this morning in about 15 minutes. Things may slow down while they get the initial speaches out of the way. FYI.

Technical Analysis Fallacy

Happy trading day everyone. Hope you are enjoying the pullback opportunity on the euro and pound. I am adding to my long position on the E/$, first entry at 1.1948, one at 1.1965 and the third at 1.1999. Protecting 1.1999. From the charts, the ...

Technical Analysis Fallacy

Hope you all had a great trading day. Really good trading environment so far this week, even without any significant FA activity. Very tired now and time to call it a day. Tokyo is not off to much of a start for me, and my eyes are heavy (oh heck, I ...

Technical Analysis Fallacy

Hi V, Trading today is going well. I use FXCM, but they are becoming more bucket-shop like all the time. During fast markets, they are greatly delayed and will prevent entry, which is not a big deal if you are already in, but can be kind of annoying ...

Technical Analysis Fallacy

I agree with your assessment. However, what would happen if, on the first day of one of his high school classes, he said to his teacher/professor: "Look, I know you have assigned a text book and lots of professional publications to read for this ...

Technical Analysis Fallacy

Happy trading day to everyone. Big moves underway and I am short the E/J. Protecting +30 now and starting to look for a pullback on the GBP for an entry. Good trading to everyone. Joy, glad to see you.

Technical Analysis Fallacy