OK, I think I will call it a day. Early scalping along with the last E/J trade, netted against a small loss on the CAD / E/J scalping effort, makes it a good trading day. Very tricky environment that requires great focus and attention to PA. TA work ...

Technical Analysis Fallacy

Short the $/CAD at 1.1025 and watching for a long position on the E/Y. Edit: CAD is near 1.1000 so I am covering 5 pips and letting it run if it will run. Will take some off at .0985 and protect 15 there, too. Edit: Out of the CAD with 5 and will ...

Technical Analysis Fallacy

Still waiting and watching. Focus is on E/J and $/CAD now and will jump on the next good opportunity. Ranges are holding but that could change. Edit: Been in two trades so far where I risked 15 pips to get 25, now I am playing with the houses money ...

Technical Analysis Fallacy

Hi everyone, hope this is another good trading day. fti, this is a serious range trading market for sure, which requires focus and patience. Been keeping an eye on US earnings reports and have noticed that most are making good earnings but missing ...

Technical Analysis Fallacy

Well, here is an update on the $/CAD. This is a 1H chart vs. the previous Day chart view, and as you can see, the .618 did not contain the south move and instead the .786 has, at least for now. Still waiting on a better chance to go long, but not ...

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

Hi luSan, I noticed your posts on fti's thread and just read your two threads. I am impressed that you have been documenting your trading in this manner, well done and it takes courage to put it out there on FF and open yourself to comments from ...

Lusan Journal II

It's so quiet around here. Hope you are all trading well and just too busy to chat. I traded carefully today and did not get much, but managed to get a few dozen pips. Back at it tomorrow. Will check in to see if anyone is here. Am I missing ...

Technical Analysis Fallacy

For anyone who has been following the $/CAD move, here is a quick day chart showing what it did last week and where we are at the beginning of this new week. Notice that the price has settled on a .618 fib and stalled. In addition, the low of this ...

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

Sorry, maybe I am the one with the problem here. No need to beg - LOL. Have a good weekend.

Technical Analysis Fallacy

No one here selling EA my friend. Not sure of the point you are making, or is this just a random thought that you wanted to share? Re: good people at banks, there are many good traders and good people in banks across the world, and this thread was ...

Technical Analysis Fallacy

fti, I had a question for you that has been on my mind for some time now. In the US, there is much talk about the federal government establishing controls on pay for bankers. If you were suddenly compelled to cut pay for your good people, what would ...

Technical Analysis Fallacy

Happy Friday to everyone. I hope everyone is safe at home after a week of battling in the forex. The thread was pretty quiet this week. I enjoyed fti's music posts, but the trading discussion seemed thin. Maybe traders were taking time off this ...

Technical Analysis Fallacy

This last week was a good week. Typically I work up 6-8 currency pairs each morning, and then select 2-3 for intense focus for the rest of the day. Given my trading style, I am looking for currency pairs that will most likely meet my trading ...

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

Instead of just going on about support and resistance (and other TA topics), I am going to take a different turn with this thread. There are lots of places to learn about TA so I will assume that if you are reading this, you have developed enough ...

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

Hi everyone, just stopping by quickly to see who is trading, and hope you are all in this current move. I am long the E/y and short the $/CAD. Go go go! Need to get back to focus on this move. Edit: Have squared the $/CAD with small profit, and have ...

Technical Analysis Fallacy

Not sure if we are hunting bulls or bears right now, but the $/CHF is getting very close to the SNB intervention price level of a few weeks ago. Might be worth keeping an eye on for the next few days along with everything else traders are watching.

Technical Analysis Fallacy

I've been walking up to the approach to trading where I take some profit on trades (1/2 off sometimes too early) and letting the rest ride for a longer timeframe. Still closing everything within a few hours, but looking at my trades this week on the ...

Technical Analysis Fallacy

Good trading day to everyone. Been trying to jump on the dollar bear this morning with little luck. US figs are out now, so lets see where we go. Way to go Belekas!

Technical Analysis Fallacy

Let me insert something here that may be important for new traders. One of the things that must be included in your daily technical analysis is selection of the currency pair/pairs that you will focus on during the trading day. I have my approach to ...

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

Back in the E/Y long at 132.28, and will exit this one now at zero is it does not push on north. No longer looking at the cad long trade. Edit: Will protect some profit on this one and am expecting it to move on north now at least back to 132.59. ...

Technical Analysis Fallacy