A good cup of coffee can make any day a good day, at least until the buze wears off. LOL. Glad you are back in the saddle again, fti. Still a choppy market so I am holding on tight right now. Now, back to the charts and lets see what happen.

Technical Analysis Fallacy

One question for those who are looking for dollar strength. My trend on the EUR/USD is down, with a retracement on my 4H which shows as an up move on the 1H (same for the GBP/USD, etc). Is your bias based on the 1H trend? For me, until the Day chart ...

Technical Analysis Fallacy

Staying focused on trading this morning has paid off, but am now taking a break to check in on FF. fti, glad to see you made out alright. Now take a deep breath and good luck trading today. I hope everyone is careful with what they see today. I am ...

Technical Analysis Fallacy

Calling it a night. Good luck to everyone. By the time I get up for London open, we should know if the dollar bull returns or the bear flag continues on the Eur/$. fti -- sounds like you have a plan for your troops. Whatever happens the battle ...

Technical Analysis Fallacy

My GBP trade from this morning. I detected the change in trend (after a nice run down while I was sleeping), and entered after the fib top was breached. My target was the -1.27 (actually just above it) and as you can see I left some on the table ...

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

That is the life of a trader, lonely with only you and your wits to check yourself. Easy to have the demons creep into our work. I keep all my trades large enough to matter, so nothing is viewed as small and expendable. Just my style, not that it is ...

Technical Analysis Fallacy

I agree with you that they are just shadows, or lines in the sand on a beach. To answer your excellent question about what I will do when they are reached: I will wait for price action to tell me what to do. If they are not reached, I will follow ...

Technical Analysis Fallacy

Quick chart on the EUR/USD as of this post. A strong move south this morning is showing some signs of a turn or retracement back north, possibly to square up positions left stranded last night. Here is the chart showing the move to the -.27 fib, ...

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

Send all your money to fti and let him do it for you. The odds are so against you doing this yourself without putting in the needed training that you should find something else to do. Sorry.

Technical Analysis Fallacy

Hi fti and friends, There seems to be focus on the E/U here, and just wanted to add my 2 pips worth. fti, I agree with your trend analysis, but I am waiting for a test of 1.3950 to 1.4000 now. I fear that a bread above 1.3916 goes to 1.3946 to ...

Technical Analysis Fallacy

UK was not downgraded, rather put on review. No downgrade decision has been made nor will one occur for some time to come.

Technical Analysis Fallacy

Are you at Battlestations or getting ready to make love to the market? LOL oops, hope that does not offend anyone.

Technical Analysis Fallacy

fti, been reviewing your thread here and wanted to thank you for all the work you put in it. Some interesting ideas. Nice job.

Technical Analysis Fallacy

Slow market and I am distracted in this web site. Am new FF member, and have not read this thread from beginning to here. Very big thread and too big to read all of it. You must be deep pocket, experienced traders to handle 10% or greater risk per ...

Technical Analysis Fallacy

Today was a great trading day. Too tired to post a chart. Would recommend any new traders take time to study today's price action on the EURUSD, GBPUSD, and USDCAD. It is a million dollar lesson in how the markets work.

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

Have been enjoying this thread for a few days now, since the nasty thread from this past weekend drew my attention to Jacko's stuff (don't people have better ways to spend their non-trading time than tearing down people?). I like many things about ...

Jacko's Forex House of Pleasure and Pain

Very busy morning. Posting some information on my GBPUSD trades. Three in total on the pound. Trade "A" got things going after the trend line break and the hook back. From there, just enter after the pull backs (check the 5min or 3 min. charts for a ...

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

I think you are right about the forex. Problem is, in a few years, I might need $2 million to buy a cup of coffee here in the US. BYW, I am a big fan of trading the Loonie.

5 Seconds " L "

What do you mean? I think we all do, to some degree. Are you referring to trading based on a fundamental announcement on, say, GDP, NFP, or CPI? Or trading based on an analysis of fundamental economic expectations (e.g., things are sucking more in ...

Economic Fundamentals

If anyone is reading my posts, be sure to take a moment to also read the thread on the 5 second "L", which outlines an approach that should work on just about any time frame. Slightly different from my approach but it can work with minimal risk and ...

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