LOL -- that is true so far today.

Technical Analysis Fallacy

Slow moves against the trend, more sideways than anything. Two important facts: if the market in trending, it will stop at some point, and when the market in ranging, it will start trending at some point. I am waiting for a decision to be made on ...

Technical Analysis Fallacy

A big part of successful trading is knowing when to sit on the sidelines. You make money by not taking losses on days like this, at least up to this point. Can't tell if bulls and bears are sleeping together or just napping.

Technical Analysis Fallacy

Hi fti, been sitting on my chair since London wishing I had stayed in bed. Nothing to trade as of yet, but maybe NY will stir things up. Waiting.

Technical Analysis Fallacy

Add to that the 15 billion barrels of oil sand in Utah (along with over 1 trillion barrels of that stuff in Canada), plus enough natural gas to power the nation for over 250 years, plus billions of barrels of oil just off the coasts of California ...

Technical Analysis Fallacy

Well put auxesis. I see a lot of people here trading the 5M chart and falling into the troubles you describe. For me, it is best to trade a higher chart (1H) in the direction of an even higher chart (4H), only using the smaller chart (10M) for entry ...

Technical Analysis Fallacy

Thanks fti. Big fight going to happen in US over this bank reg issue. Not sure why UK would venture down this path, too. Obama is going to be a lame duck in about 10 months, but they can still do great damage until then. UK must resist much of what ...

Technical Analysis Fallacy

Hey auxesis, I remembered this post a while ago and wanted to get back to it. Isn't it amazing! The "progressives" on MSNBC are going out of their minds and it is the best stuff on TV! Unfortunately, Obama is on track (as traders we can spot a trend ...

Technical Analysis Fallacy

Hi fti, I missed this story completely. Do you have more details on this? Not the middle finger part - LOL - I get that part. Most importantly, how are you doing? I hope you are well, and I miss your daily leadership here. Have a good weekend.

Technical Analysis Fallacy

[quote=piscicida;3392074]Hi all! Pardon this long post, i'm just want to contribute a little of my personal experience and hope someone can guide me in the right direction. Enough of being a lurker! quote] Welcome and thanks for your thoughful post. ...

Technical Analysis Fallacy

Short again at 4138, will protect 4150 Edit: protecting 4143 Edit: protecting 4138 now Edit: flat at 4138

TAF Based Trade Discussions

Square and out at 1.4128

TAF Based Trade Discussions

Yep, my mentor has been kicking me in the seat about entering at the right price level of these things and I have finally started doing that. I had a very tight stop in mind and am shooting for 4090 if it can get through 4118. Fridays are tough ...

TAF Based Trade Discussions

Hi auxesis, my entry was at 4:36 CST. I may follow you out now and see what happens from here. At least protect 4136, will have to see here pretty soon.

TAF Based Trade Discussions

Now protecting 1.4157 on my E/$ short, but we have hit 4128 and bounced. A break of 4128 is good news for me, but not yet.

TAF Based Trade Discussions

Here is the chart: image

TAF Based Trade Discussions

I am short the E/$ at 1.4160 and protecting my entry price now.

TAF Based Trade Discussions

Hi Fana, Quick reply to your question: it is really difficult to pick reversal levels. Google "reversal patterns", "bull flag", and "bear flag" for more information. However, what ever you do, remember that you are trading the charts and they will ...

TAF Based Trade Discussions

[quote=sonicdeejay;3391153]I know some will love for your generous spreads aka pips... YOUR BROKER... Hi Sonic, Not sure your comment is helpful or necessary. I'd say you have shared a blinding flash of the obvious. Perhaps you have something of ...

TAF Based Trade Discussions

I am not clear what you mean here. Have you read this thread? Besides, your tone is a bit harsh, considering the fact that we are not obligated to end your waiting. Not trying to be difficult, but what are looking for here?

Technical Analysis Fallacy