My 2 pips: chart patterns are only one TA tool that a trader should use. Alone, they tell you little, but when combined with deeper analysis and understanding of the PA, they are helpful. They do not fail (patterns are a story that PA is telling you ...

Why a chart pattern fails?

Happy trading to everyone. Hope you all have been trading well this week. I saw the brief discussion on gold and still scratch my head at the notion of the world will returning to the gold standard (only after an asteroid hit, I think). Great trades ...

Technical Analysis Fallacy

Happy trading day to everyone. Hope you all had a great weekend. I am long the E/J and short the $/CAD going into NY open. Hope you all trade well.

Technical Analysis Fallacy

Thanks fti, that makes sense and certainly explains what we saw today. Just looked at the pairs that I trade and there are some interesting formations/patterns that have formed (which may mean nothing or something -- lol). I am not affraid to admit ...

Technical Analysis Fallacy

Yep, the market is not following through. Maybe everyone is waiting for NFP tomorrow morning. The job numbers announced today in the US indicate an easing in job losses, but productivity was at a record pace of over 9%, which means jobs are not ...

Technical Analysis Fallacy

Happy trading day to everyone. Some nice PA today so far. I have two long positions in the E/J and am looking for a third soon. Stay focused and be careful. Trichet is still talking. For you CAD traders, Ivey is coming up soon.

Technical Analysis Fallacy

Sorry to hear that, and am hoping you work it out. Will be sending prayers up for you, too.

Technical Analysis Fallacy

Hi fti, I see you are signed on. Hope you are well!

Technical Analysis Fallacy

You might want to do some research on this topic using google or something like that, and I am sure there are many places on FF to do additional research. There are two general groupings of analysis, fundamental and technical. Start there. Good luck ...

Technical Analysis Fallacy

Hi Setebos, Nothing is fixed. It is best to remove rigid rules when in a trade.

TAF Based Trade Discussions

Hi everyone, hope you all had a good day of trading. Thought I would post one of my trades from today. This one is on the $/CAD. Posting is of a 10M chart. Trend line from top of the run held up pretty good later in the run. FYI, the G/$ had been ...

TAF Based Trade Discussions

Fana, it would be too difficult to answer your question without much more information on what you are doing. I recommend that you post a chart and we can provide qualified comments with your chart as reference. In addition, posting 1M charts without ...

TAF Based Trade Discussions

Hi lilpip, I hope you are having a good weekend. I saw your question re: staying in trades, but also noticed your post on levels in the G/$. They raised a question in my pea-sized brain: are you frustrated about not trading to these levels? That ...

Technical Analysis Fallacy

This is not the "trade of the week" for me, but was one from Friday during NY. It was on the E/$. The red candle next to the letter A was the trigger for the trade. I waited for a retracement (I cleared the chart of some of the tech stuff) and ...

TAF Based Trade Discussions

Thanks Auxesis, I will participate.

TAF Based Trade Discussions

Happy Halloween to everyone. The big candy run will start here in a few hours, so I have some time to say hi to everyone. I have enjoyed the music posts this week. Been too busy trading to talk much this week, but kept checking back from time to ...

Technical Analysis Fallacy

Thanks for the beautiful music fti. Hope you are well.

Technical Analysis Fallacy

Hope everyone is trading well today. Have enjoyed reading the posts from the weekend. It has been quiet around here and hope the activity picks up again soon. Watch the PA and trade in control. fti, looking forward to the day you can get back with ...

Technical Analysis Fallacy

Hi -- IMHO, no, not yet. I see signs of a possible pullback in the E/$ but the trend (at least on the Day chart) remains up. A nice pullback here may be needed for a better run at 1.5200 - 1.5400. Again, just my opinion.

Technical Analysis Fallacy

Thank you Canada.

Technical Analysis Fallacy