I suspect that the front end of the chart is as statistically irrelevant as the last 2/3, and you would be a fool to use a MA crossover to justify a trade. Just my guess.

Statistical analysis fallacy

Hey auxesis, is it time to move to the TAF Lounge? Wondering what your thoughts are, at least for weekend talk.

Technical Analysis Fallacy

And I will do the same with the dollar (we may all end up floating down the drain sometime soon! -- LOL).

Technical Analysis Fallacy

Hi Setebos, just to keep this going, I agree that Greece is not a big deal in terms of its significance to the total EU economy. I think that is part of the problem: if the EU can't tackle little problems like Greece, how will it handle bigger ones ...

Technical Analysis Fallacy

Hi lilpip, That is 16,000 IRS agents being hired!

Technical Analysis Fallacy

Hi Zoran, hope you are well and trading the same. Take care and sorry for the emotional outburst. Many in the US are very angry now, so I am in good company today.

Technical Analysis Fallacy

I think the point here is that the EU may not be able to manage its own problems (ie: Greece). Consider the idea of asking the IMF for help, and you can see why the stature of the Euro may be hit. I think there will be little or no talk of the Euro ...

Technical Analysis Fallacy

Hey luSan, do you think the E/U will be hit because of the revolution that starts after they pass this unconstitutional bill? This thing is not over even if it passes. The struggle continues.

Technical Analysis Fallacy

God bless you fti. May He give you strength during your journey, and remember that we are here for you when you need us.

Technical Analysis Fallacy

I have been readying your posts this week and waited for the weekend to comment. The idea of having a trading plan each day is good, but do not let it blind you to actual PA. For example, if your plan is to trade the E/$ south (because you believe ...

Technical Analysis Fallacy

FA in 10 min and I have all my currency pairs at short term extremes, so let's see where the FA takes us. Have worked up several counter trend trades and several trend trades, so I am ready, assuming something actually happens. Someone pay the band ...

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Hi lilpip, yea I got out of the short trade about 30 mins after my post and went to bed. I can not trade for long periods like fti, and must get some rest each night. Looking for a pull back before going long now. Good trading everyone!

Technical Analysis Fallacy

OK, in a rare Tokyo trade for me, I shorted the GBP/$ at 1.5071 about 2.5 hours ago and am protecting 1.5066 for now. Will take trade off at 1.5021, but am running out of energy...need sleep. Hope you are all trading well and good luck tomorrow at ...

Technical Analysis Fallacy

Happy trading day to everyone. Been a great trading day so far and time for a break, so checking on the thread to find only a few posts. I hope this is an indication that everyone is focused on trading and trading well. Perhaps the thread is ...

Technical Analysis Fallacy

Quick trade this morning on the GBP/$. The trend is down on the upper charts but we are in a short-term up trend. Nice break above the 1.4993 previous support line, and plenty of room to the -.786/trend wall. Stop was set at 30 pips (but would have ...

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

Been a while since I posted a trade, so I thought these two trades from today would be good posts. Both on the E/J. First trade was after a break of a previous resistance and subsequent retrace/reload to a .50 fib. First chart is the entry and the ...

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

Wow, very quiet around here the last few days, and I hope everyone is quietly trading well. Have missed fti and hope he is well, but remember last year around this time that he enjoys his durian, so maybe the season has begun and this accounts for ...

Technical Analysis Fallacy

Well done.

Technical Analysis Fallacy

The 10:1 change is a fete de complete. It was the minute it was proposed by the CFTC. I recommend no more discussion on the topic, and instead, move your account to UK, Malta, or where ever you want. Several months ago, I moved my account to the UK ...

Could 10:1 be the new leverage in US Forex?

Hi everyone, and I hope you all had much success trading today. OK, NFP is tomorrow and I am not, nor have I ever been, a big fan of trading the NFP. In 74 months of trading the forex, I have maybe traded on 10 NFP days. Just don't like the PA. But, ...

Technical Analysis Fallacy