OK, I am done until Tokyo open. Great trading day and I hope you all got a bucket of pips today. Good trading to everyone.

Technical Analysis Fallacy

I think most professional traders think of themselves as students. This market (as we all know) requires ongoing training and eduction. I like to think that is one of the reasons we all stick together. LOL -- forex requires a humble attitude.

Technical Analysis Fallacy

Hi Babi, Several thoughts between trades in answer to your questions: Intermarkets: We trade forex PA here, but information on activities in other markets can be useful (for me, futures and Dow, gold and oil (sometimes). IMHO, no one here would ...

Technical Analysis Fallacy

Wow, I shorted the E/$ and the E/J, then stepped away for half an hour and just got back. I'd rather be lucky than good. Still in the E/J and out of the E/$ looking for another entry. Edit: re=entered the E/$ and protecting entry now.Up only 10 pips ...

Technical Analysis Fallacy

Did you see the opportunity to short at 1.4080?

Technical Analysis Fallacy

This is why is suggested trading a demo account. When you have the answers to your questions, maybe then you can trade real money. OK?

Technical Analysis Fallacy

Fana, look at a 1H chart, and a 4H chart. There are no indications of an uptrend. You went long when the market was setting up for more short movement. Your 5M up trend is a bear flag on the 1H and a clear sign to get ready to short the market. ...

Technical Analysis Fallacy

Happy trading day to everyone. Been rocking and rolling since London and now looking forward to NY. Took a long position in the Y/$ yesterday and it is still headed north, which is unusual for me to keep something open overnight. fti -- I will keep ...

Technical Analysis Fallacy

OK, I am done for a while until Tokyo open. Hope you all had a great trading day. fti, again, sad to hear about your friend. I hope you are well, and I look forward to hearing from you again. Baron193, you seem to be lost.

Technical Analysis Fallacy

fti, sorry to hear that your friend, KC Liu, has passed. I will send up some prayers for him, and for you.

Technical Analysis Fallacy

Time for a break, some fresh coffee, and some fresh (cold) air. I did see fti's post regarding a private blog for trading. fti, imho, it depends on the objectives of the group. I have been involved in several on-line trading blogs that vary in ...

Technical Analysis Fallacy

Happy trading day everyone. Been trading the GBP/$ and E/$ south today, and am finding the E/J to be stuck, but will now wait for a better entry price above current PA. OK, hope you are all getting in on this and good trading to everyone. Time to ...

Technical Analysis Fallacy

Hi everyone, Was reading the exchange between fti and Fana. Fana, please, just be quiet now and start re-reading this thread. You have been given an opportunity to learn from one of the best, and he has even offered to answer your email questions. ...

Technical Analysis Fallacy

Fibs come from a tool kit that are of part of my charts.

TAF Based Trade Discussions

In addition to the CFTC, I suggest that everyone send an email to both of your US Senators, and to your US Representative, to get them in on this, too. If your senator receives several hundred or thousand emails, they will pick up a phone and start ...

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

This is not a commercial for them, but I moved my account to FXCM UK ahead of the last CFTC change (the FIFO thing), and the proposed regulation change will not impact me at all. I think all US-based brokers are fighting this change, but just in ...

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

Hi fti, January 13 is a day to remember. God bless your father and may He comfort you and your family.

Technical Analysis Fallacy

OK, I am done until Tokyo, and had a good day, but had to scramble on the Euro move south, after trading it north during London/pre-NY. Tired now and need some rest. Good trading everyone and stay focused. Auxesis, not sure about your question and ...

Technical Analysis Fallacy

Hi j-pax, my charts do not receive data over the weekend, so I must assume your spikes are just data corruption issues from weekend processing/maintenance. Would not have caused any damage to open positions, so probably can ignore it.

Technical Analysis Fallacy

Happy trading day to everyone. Trading has been good so far today, but it is not a very happy day. Please take a moment to say a prayer for the people of Haiti today, who are suffering greatly after the earthquake last night. Maybe think about ...

Technical Analysis Fallacy