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  #3001  
Old Jun 12, 2008 12:55am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by jest1081 View Post
Hi FTI,
Ben will be speaking again tonight. Do you think his lip service may cause a further rally to the dollar?

jest
Hi jest,
He can say anything he likes.

Same song, different tune. I don't like listening to parrots. but I'll be square , just in case.
When in bad position, damage control and less justification is best practices.

regards

Last edited by fti, Jun 12, 2008 2:53am
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  #3002  
Old Jun 12, 2008 1:05am
fti
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Quote:
Originally Posted by aud View Post
Could the same be said for oil?
Hi aud,

Well what do you think OPEC had been doing all this time. But always in their favour. Unfortunately there is little representatives of the consumers in the equation.
So now that its double the 70USD benchmark, where are they?

The fault really lies in a whole junkie world, dependent on one source of fossil energy. SO whos fault is it mostly.
Go look at your energy policies. Go look at the sick buildings that are built, we call offices. Go take a look at your homes. The car has no choice but to burn fuel to move. Funny that homes and offices are in the same league. Talk about one trick ponies.

Surely the scorpion, if you ask me, that we allow ourselves to manipulate the price of oil. Its a cornered market.

"As you sow, so shall you reap."

regards

PS; on the same note, as most here are geeks.
Look, if programmers learned to code in Machine and assembly language, then programmes are super swift and effecient. But what do they teach, the next generation of programers, layers of fat, fatty languages and syntax, and next level of software, fat and slow.
So I ask you, WHY.?
Same reason, control and manipulation, the human nature.
BUT at what price?
You tell me. So whats new??

Wonder why mankind , loves to live in houses built on one support, Do you live in one?

Last edited by fti, Jun 12, 2008 3:05am
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  #3028  
Old Jun 17, 2008 3:40pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by czango View Post
hi FTI
I have read this thread with great pleasure ,
because it is really something entirely different from " hey I have a system , follow me " threads .
What you explain is at the very basis of trading , being there at the fore front of action , many other will advocate TA , Because it sometimes work,
but in the now what works?
You reallly give a real workout of market as it happens , in the past I was lead to believe by some system sellers that its easy to make money following their system , Ha , why do they sell the system thats so profitable ?
( because they make more money selling systems than trading
I am still just thinking of entering this market , I only trade on demo ,
but thanks to you fti I have seen some light , especially this quote "

The trick is to hold very steadfast to the position allowing the snowball build on you,
the maxim is to be able to take the punches first,
once the rubber band swings back, whack them like theres no tomorrow,
within your capacity and keep taking profits along the way untill the frenzy slows off
then square down for the next attack.
Important thing is to know your limits, if you have been snooked out of step,
once you you get the chance bail out, log stock and barrel.
Try not to turn, if you do, you may become a pig."


Thank you a lot for enlightment fti ,
I salute You !
Hi czango,

Salute back, Trade well,

regards

Enjoy this

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  #3031  
Old Jun 20, 2008 11:49am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by czango View Post
recently when there was a bad news for aus , euro started to sink along with aus , it looked like it was so connected with australian weakness ,
what do you think about it , why it happened ? Is euro so connected with aus ? or was it some other factor?
strenght of usd?

regards

czango
HI crango,

Sorry I do not deal Aus.
The connection in one word, commonwealth.

regards.
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  #3032  
Old Jun 20, 2008 11:59am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by ksl View Post
It is very quite in here these days.
Here is a clip I am sure all will enjoy.
http://www.simpletruths.com/nws/arc/08/080610-FJOY.htm
Hi ksl,
Thanks, the clip is nice.

BUt do remember,
for the weak motivation is enpowerment,
for the strong motivation is power.
for the right motivation , excels,
for the wrong motivation, destroys.

be careful,motivation is also a double edge sword.
It is mostly useful, but it can be abused as well.


regards
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  #3033  
Old Jun 20, 2008 12:13pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by ksl View Post
Thanks Zoran for fixing the picture in my head.
Reading the thread again.
Thanks
Thanks Zoran, well at least now some of us are on the same page.

ksl, although, the thread is long and slow process,
it is necessary that you should move along in it, slowly
clear understanding of the discusions before advancing,
as it is difficult to build on ,if you have missing pieces of the MO.

Pay deep attention especially in the initial stages, as the setting there is the foundation for what 's being built.

Do it at your own pace, ask questions if you must.
There's many here that can and will help, when asked.
otherwise I am still around to help where necessary. God willing

regards
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  #3036  
Old Jun 23, 2008 3:28am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by ksl View Post
I never thought of it like that, u have me thinking on this one "how" - can u give me some thing more on this please.



Thanks fti.
Thanks for being there.

Regards
Hi ksl,
For you at this stage, you should be absolutely motivated, and game to quest the challenges.
What I am giving , is not suitable to you,
but it tickles me that you are the one who ask this question.

However if it will be of assistance to some, here goes.
"for the wrong motivation, destroys."

In trading, Qhat it means is that no trader will ever be aware that his trade direction is ultimately correct. Therefore if a trader is in a trade, it is basically conviction of his own actions (educated guess). If such trade becomes wrong to market flow, then he must have contingencies for rescue or reversal of exposure.This is a prerequsite to trading and all capital games. But of course all traders have limitations to capital resources that inhibits perpectual snowballing of risk. So a trader must have a birds eye view of his own capabilities. If traders are unable to execute at least 3 rounds of the required . then the trader have no strategic response to trading, I can't say what he is actually doing (for fear of persecution from the lurking, ), but definately no strategic money management.

In living, its influence is paramount, in that it can force traders into adversity to risk or fearless flare. Both is dangerous to the trader. It would be too long winded to go into detailed discussion of this. But to understand this, look into the lifes of people like Alexader the Greatest, Julius the Ceasar, Genghis the Kan, Napoleon Born-aparte, Hit ler, Mao Tzhe Tung, and Sad-dame Hussen/Georgie the Bush just to name a few. If you will this are people of the highest motivation. Their direction of motivation, only history judges them. Did they do right or did they folly? thats not the issue of discussion here, just that they were "most motivated" and goal directed and "did all that was needed" towards their ideals.But were they right? Thats the answer to the double edged sword question, isn't it?

So for the trader, motivation could be the life saver or the ego that destroys. Its resultant is proportionate to the skills levels of the trader, as in all professional persuits.The trick is in the equilibrium, risk vs safety(risk of ruin).

The real danger, is this. Many traders trained starts out trading well. Then as they learn new skills, what they take in, in skills they lose in empathy and humility and kindness. Ultimately leading them to their own egor and destruction. This happens to professionals in many fields, and the people I mentioned above, Sadly the people on here is not spared.

In my life time, I have seen many great traders rise, only to be taken down by themselves.Those who survives, they become not so unlike me.

No not dead,
;retired and low profiled;

regards

JFYI, trading strong USD intraday, wave 1 now complete, waiting for retrace and wave 2 attack posibilities. note trading against day trend, whiv=ch has topped against eur.So readjust the skew, please.

Sharks, miised attack by a nose, while typing this, so letting go, reassesing wave impulse and taking profits (short sword positions)now.Just life, was listening to buble's "save the last dance" and she snooked me,LOL.

Last edited by fti, Jun 23, 2008 4:25am
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  #3037  
Old Jun 23, 2008 4:58am
fti
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Member Since Nov 2007
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tHE usd/yen seem vv strong, so any weakness in USD intraday suggest more usd strength ahead. Although trading against trend, it seems to be the logical side to take now, only safeguard is to skew-in on the exposure incase the trend bites suddenly. Donno where the usd strength is comin from , may be profit squaring at critical tech levels. (eur/usd and cable)

watching for bus now. Wonder what's that Leighsww doing?

regards

OK here goes again, adding on to sell eur as usd/yen finale on the sweeps. Thsi Eur support seems chart critical, wonder what hides under it?
Whats london boys menu for lunch? Ben turkey or opec soup?lol

Last edited by fti, Jun 23, 2008 5:27am
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  #3038  
Old Jun 23, 2008 5:39am
fti
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Member Since Nov 2007
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Now , guts and glory, no guts no glory.
attack launched. Euro comes. ("comes" means I'm on top)

Now launching level 2 attack sequence. Lets see whats underneath.
Note that position spiral has gone normal from cautious skew.

Last edited by fti, Jun 23, 2008 6:13am
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  #3040  
Old Jun 23, 2008 6:21am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by jest1081 View Post
Hello fti. Im not sure what you really meant. Does this translate into...
eurusd - short
usdjpy - long
?
Hi jest shorted Eur/usd. 1.5534-2 mio, 1.5530-1 mio, 1.5525- 1 mio
Usd yen just to help in timing of initial attack, no exposures there.

Just for info, It is very hard to lead, just showing my blotter as best I can. Be aware , this is high risk maneuver as trading against day trend.
Although I have good profits already this morning before london came in.
This is the problem, you will only see my blotter in lag time. What I am attemping to do is to show some mindset thoughts so that you may get a "feel".

This is to give you a mindset, of thought process, when attempting reversal possibilities when trading against trend.

As of now posittion @25 is prompting rescue.
Also note that cable has lead and Eur is lagging it, directional wise.

Last edited by fti, Jun 23, 2008 6:38am
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  #3044  
Old Jun 23, 2008 7:20am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by auxesis View Post
Fti,

Thanks for sharing your thoughts, please continue as it is very insightful,

thanks,

a

fwiw, imho it feels that euro is pulling into a 5500/5540ish range
Hi auxesis,

Actually I would be trading intothe 2nd wave downwards on the Euro, but due to my bad timing (not attentiveness due to chatting), I am positioning late. And from the form of the legs spreading out in the hourly Eur charts, I sort of expect the big moves , tom.
However i felt that, I 'll just give you guys a head, while this is forming, on how to develop that "feel for the dance" as I felt the opporyunity to do so.

I fact we should be sliding into the 00 levels, but as traders we have to deal with the now, so its a head on managing the positions.
As the thread is getting slow. I though tis would be a good chance to do some market exercises on thoughts actions and expectations( esp on how not to think like fortune tellers).

regards

By the way, I am squared at 15 , all positions, and am going for dinner now.
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  #3048  
Old Jun 23, 2008 10:14am
fti
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Member Since Nov 2007
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Hi ALL,

The USD moved as expected, testing the USD strength.
Seems that, when the mkt sweeped the bull USD, there was no initiative to follow through. So generally I think the storm orders are not in the markets yet.
However, since this is first test, more could be expected in this congestion .
There is now no impulses to follow, I would be inclined to skip this range trading and call it a night to conserve energy for tom's tokyo testing. However those wishing to scalp the range , may just carry on.

till tom
regards
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  #3049  
Old Jun 23, 2008 10:34am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by Acs_112 View Post
Hi Fti,

I am right in assuming that the second wave downwards is on the hourly chart? we have had more then 2 waves on the 5 min chart right?

And is it beacuse the pause in the hourly does not look to be forming a kind of U shape bottom that you believe it will continue?


Trying to get that "feel for the dance" and an understanding of how to follow the flow, I always find it so useful when you share information in real time with us so thank you very much!!

"( esp on how not to think like fortune tellers)" This is so easy to do and i think i often find myself thinking like this, could you share more information on this? thanks!
Hi Acs,
Nice that you are following. I show hand that many here can check their frame of mind. Really I much prefer that traders should have their own analysis and and check me as I reveal my thoughts, as you did.
There's no rights nor wrongs, its all how you manage the positions as per required, and sync with the picture thats coming on stream.

On your problem of "thinking like fortune tellers." Well, really there's no real cure for that. Its because of your orientation and basic training, So there's little anyone can do, and that includes yourself.

I have a son who was afraid of the dark when he was young, today he still is afraid of the dark. So it really is very difficult to correct of phobias and superstitions and wrong mindsets.

I don't blame you. Many traders are subjected to brokerages research papers and pusdo gurus training. But if you can recognise that tendency of predictive outlook, ask yourself when you have a predictive outlook, So if you took the trade, what is the contingency (exit plan) if things go wrong. You will find that normally the remedy is in MM , so even if you go wrong, you have to lean back on your Capital robustness to bail you out.

Normally you should be able to rid of the wrong mindset, if you gain enough market experience, but because sometimes the predictions are correct, and that reinforces the tendency to backslide.

Don't worry too much about it if you have identified the tendency, Just try to use it to your advantage when you trade.

regards
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  #3050  
Old Jun 23, 2008 10:50am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by luSan View Post
Boss, I followed you...although I was not looking a Yen...the lady was turning down on the 15M so...I just jumped in and took the whole wave and went back to sleep...not so hot...only 36 pips...but a start for the day...

Still I violated my 1st commandment: I traded through the german news!...Yes...I did...Why? The French economy contracting...so I thought: "France and Germany are neighbours...So if one of them goes to hell, the other probably will...that is what other traders will think..." Mea culpa...

I am beginning to think that some news are unavoidable...but US majors news we ought to trade very carefully.

Now EUR/US is in a trench...everybody went to lunch!

Chief, It would be nice if you help us reviewing the 3kos. Please.

Regards

PS. My first 2 trades were entry errors. The third and four was quick reversal when I observed the 15M turning down and the new 5M trend.
Hi Lusan,
How's the going now, on full time?

Yeah , you are right , about the commandments,
Like lI said, don't get rigid.
Be a nimble and wise trader, think, strategise and act, then correct your positioning by proper MM as the market unfolds.
Mostly be kind to yourself and the markets,
be generous and kind, never want too much.

You are one trader that I do not believe need too much hand holding. You seem to think well on your feets, so running battles won't be too much of a chore for you. Just guard that you do not deviate too far from basics. Thinkers have that tendency, so if things don't work, GO BACK TO BASICS.
and mind you going basics is not easy for adulterated minds. So hold the basics close to your heart.

The 3kingdom relationship can only be observed, and cannot be penned. It is because the relationship changes through different stages of its cross-intercourse and can move away from the norm. It is this observations of abnormalities that gives clues to the status. However one thing is that when they move in sync then that is the "BIG,MAJOR,SUPER" trend, so don't get caught trading against that.

Trade well, my friend.
regards

goodnight all, lets see if the opportunity will come tokyo time tom.


Last edited by fti, Jun 23, 2008 11:21am
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  #3064  
Old Jun 24, 2008 4:25am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Good morning guys (or whatever timezone you stay in) from germany!

After round about 2 months of fulltime reading this unbelievable thread and of course practicesing, I reached the top of your postings.

I have read a lot of trading & forex related books before.
I have done a lot of research concerning time series, prediction and probabilities etc. - but that was somewhat worthless compared to the invaluable teachings, ideas, insights you were giving here. Especially the teachings about traders mindset (one of my weaknesses) and AOW ....

Thanks a lot to fti and leighsww for initiating this great thread!!!
Thanks to LuSan, Northpro, Jest, Green_David, Zoran and many others for their thoughts and contibutions!!!

I'm very happy, that I have found this thread.
I'm happy too, that from now on I can discuss your topics and ideas in "real time".

Thanks again!
Have a good time and successful trading!!!

Regards,
MaMood
Hi MaMood.
Thanks for your kind words.
I hope that you will put the knowledge to profitable use.

regards
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  #3065  
Old Jun 24, 2008 4:54am
fti
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Member Since Nov 2007
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Hi All,

I am so sorry that the sesion was ended abruptly.
The reason was that the response on the question that I erroneously asked created for me a blind fold, that I cannot feel the market to manage my exposures.

Seems the orientation for many traders here is incomplete.

Anyways the answer to the question was that the position were scout positions initiated at different stages on a skewed-in base.
However as the trade progressed there was no attack oportunities availed.
The positions were massaged and some small gains were taken from the Long USD attempt.
I am now on Short USD against the Eur. ( whuich is back to trend mode) However this is a testing level ,therefore be nimble.

For many of you I really hope that you would take the studies in the thread seriously. And I hope that my presentation is clear that you understood correctly the essence of the MO, as I perceive otherwise.

regards.
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  #3067  
Old Jun 24, 2008 5:13am
fti
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Member Since Nov 2007
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USD bull impulse in progress,
See hoe fast the picture changes.when manipulation is on the menu.
Be nimble.

This is the reason why its very difficult to handshold unless all are in full speechless com and in full sync of MO.

regards
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  #3068  
Old Jun 24, 2008 5:17am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by btr5596 View Post
The only reason I can see from the chart, regarding the EUR short is...

The second X marks the high of the upward move. The following three highs, marked by x's, were unable to surpass this mark, signaling the end of the distribution phase. At the point the short was entered was a lower high, possibly signaling the start of the run down/thrust downward. Could be way off though, just my 2 cents.
I have a feeling you have not read much of the thread, however your frame of mind is in sync. amazing.

regards
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  #3071  
Old Jun 24, 2008 11:01am
fti
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Member Since Nov 2007
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Hi ALL,
I had received some apologetic PMs for the sessions interuption. This is not necessary.
Before anyone feels that more of such is required, please let me explain clearly. I am not disappointed or angry at anyone over the event.

If it was not clear to anyone, let me explain that I had to cut loose the session, as I was managing positions, and with my trying to lead the feel for some traders on the thread as well. When I couldn't feel and felt blinded by the discussion, I had little choice but to cut loose for the reasons that it has financial impact for me. I had to re-orientate my feel. Moreover a blinded trader can hardly lead in terms of the feel aspect of the market 's pulse. Cutting loose was my only option.

After my explaination, I hope that no one on the thread feels that there was imposition. I do not take this personally, so I do hope that no one else should. Its all just business, nothing personal. Sometimes things synegises well, Sometimes we may have to cut loose to find our own footing. Its just the nature of the business. Staying alive is king.

Anyways, I just managed to get out with my skin, and went the trend's way until the fig release just an hr ago. I hope you didi too.

regards

In our quest for knowledge and understanding, much openmindedness and empathy is required. We shall leave egor outside.

Last edited by fti, Jun 24, 2008 1:23pm
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  #3072  
Old Jun 24, 2008 11:28am
fti
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Member Since Nov 2007
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Hi ALL,
http://biz.yahoo.com/rb/080624/usa_h...seshiller.html

http://biz.yahoo.com/rb/080624/usa_e...onfidence.html

http://biz.yahoo.com/ap/080624/oil_prices.html

http://biz.yahoo.com/rb/080624/safrica_greenspan.html

after the housing sales figs, it is quite clear that the US in in recession.
Trade cautiously. Thanks to greenspan and buffet and more figs. it is highlighted to us again of what we already can feel in the world today.

Lets see if the feds and ben will deny that this thursday.
excessive exuberance again. and more lip services, I hope not.


regards

Last edited by fti, Jun 24, 2008 1:24pm
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  #3073  
Old Jun 24, 2008 2:10pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by fti View Post
Hi ALL,


If it was not clear to anyone, let me explain that I had to cut loose the session, as I was managing positions, and with my trying to lead the feel for some traders on the thread as well. When I couldn't feel and felt blinded by the discussion, I had little choice but to cut loose for the reasons that it has financial impact for me. I had to re-orientate my feel. Moreover a blinded trader can hardly lead in terms of the feel aspect of the market 's pulse. Cutting loose was my only option.
AN Analysis in Restrospects.
on the subject I mentioned highlighted in red.

I noticed that many here harbors the ideals that analysis must be indepth and MUST be correct. Much as I would like this to be par excellence, it is difficult , if not impossible to be correct all the time. Thats the reason why contingency rescues are necessary. And when we are correct to implimentation of prudent pressing of the trend ride.

As to the analysis given by some who analysed the morning session. It was obvious , of the bottommishness of the USD then, but to spend too much effort to determine the analysisi which was already on going and non-attentiveness to strategic positioning and elbowing for prime positioning and costing, seems to elude the trade mindset. This was what blinded me. My mind was distracted to the historical significance, of decisions already implimented into the market place. But really, it was my fault that I had asked the questions "why?" along side my blotter postioning.
In fact I was prompting mindset to answer that it was scout, then scout 1, further that attack was planned, of which I could not execute, due to upcoming price patterns. But when discussion was directed as to what prompted the trade, then my thoughts reverted to pre-action frame of mind, and this interfered with my thoughts which was trying to feel forward and to position and strategise forward.

For me there is a lesson here, in that I had not appreciated that traders may have tendency to revisit their past decisions, which may interfere with their capacity and ability to move on. I had never felt this delima until this session, when I had difficulty to relate that analysis against what was unfolding in the markets,because to think of the rational of the entered position disorientated me from my strategic capacity.

If some of you may like to think about this, you may discover the reasons why, some are unable to "flow with the dance". This is because to flow on wards the point of reference is no longer the historical mindframe but the immediate past , and the present quickly becomes, immediate past, and the previous point of reference must be released that the new point of reference should be the point of contention. For strategic repositioning , the only point of reference , is the consolidated exposure and will always be in a singular directional play, so there is no consideration for the other perspective, unless this accumulated position find itself in trouble. If this was true then repositioning is required.

This getting abit too complicated to explain. In simple language, I Think some traders may be thinking from too many perspectives that they are paralysed from prudent action and reaction to market flow.
(too much analysis, not enough strategic following).
( too much comfirmation required before action or corrective action.)
( too much intelligence, lack of confidence)
This could be reasons why some cannot dance.
When this was my frame of mind this morning session, I COULDN'T DANCE!!.
Which was the reason I cut loose the session abruptly.
As I reset my thoughts from booked exposure, The rhythm returned.

Making any sense?

regards

Last edited by fti, Jun 24, 2008 2:25pm
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  #3076  
Old Jun 24, 2008 3:06pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by Zoran View Post
As I read the Tunnel book, I have just got to a section that I feel is appropriate fti. It comes from "A Psalm of Life" with the following verse:

Trust no future, howe'er pleasant!
Let the dead Past bury its dead!
Act - act in the living present!
Heart within and God o'erhead.
Hi Zoran,

seems to have the mindset there, just right.
amazing stuff seems to be the in-thingy.
Thanks for the quote.
Very insightful, that WD gann.

regards.
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  #3077  
Old Jun 24, 2008 3:13pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by Green_David View Post
Hi, fit:

Still keeping up without sleeping?

I shorted E/U and G/U yesterday and made good return, however I closed my positions too early, missed about 50 pips profit. And I started to set up long positions by sending scout both in G/U and E/U but stuck with -50 pips. On the way they reached the true bottom, I initiated rescue operation by added more long positions.

Problems: I closed the rescue positions with mean profit(less than 20 pips) last night, since I don't want too much positions exposed overnight. If I held them today, at least 100 pips by now. I have to sleep.

This morning, I added more long positions of E/U and G/U, but with worse price than rescue positions of last night. I paid 30~50 pips more! (E/U around 5530, G/U around 9550)

These newly added long positions didn't give me profit however. Why? I closed them when E/U broke down 5550, and G/U down 9540. And ironically, later, both of them went up again.

Another problem: I can't overlook market for more than 8 hours with the same alert and clear mind, otherwise, when E/U and G/U went up again I would have added again.

I still made profit today anyway, caught the chance of the last impulse, E/U closed around 1.5610, G/U 1.9610.

Any advice from you?

Best regards,

David

It's upset, for two days, because of impatience, and some "strange" price pattern this afternoon I didn't make as much as supposed to be.
Hi David,
So what seems to be the problem, profits sure beats losses by leaps.
Same old problem here. not enough clock space.
Sorry but I haven't fond the soltion for that yet.
Stop gap measures, well just burn the candle both ends,
butof course if you do that then you will inherit my problems, poor health.
Its your choice, health or wealth?

But really, it nice to listen to a trader, complaining about profits.

Trade well and get some rest when you can.
Try not to be like me.

regards

Good night all.
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  #3088  
Old Jun 25, 2008 4:36am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by DutchAngel View Post
Hi auxesis

Once you are in a trade all future decisions are based on managing the risk. To be a successful trader, you have to be a successful risk manager. This sounds easier than it actually is, but fti's methods are brilliant in helping traders consciously do this. Another important aspect of trading, in my opinion is accepting loss. I don't trade with stoploss. I kill deals that make me uncomfortable and move on.You have to learn to become completely comfortable with losing. If you can achieve this, your mindset is no longer an issue because you understand its all part of the risk. This is just my opinion.

fti
please don't behead any of your concubines because of what i posted here.
Hi DutchAngel,

What lethargic markets today,

You meant
"damage is part of the battle, recovery is essential , victory is the objective."

didn't you?

Nice day to walk down memory lane.

Que Sera Sera, Tomodachi

regards
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  #3090  
Old Jun 25, 2008 4:57am
fti
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Quote:
Originally Posted by DutchAngel View Post
hi fti

Precisely what I meant. All in a days work. Trichet is speaking right now, so markets could wake up, unless everyone is waiting for FOMC tonight. I hate dead market, I don't care which way it moves, as long as it moves.
Here goes.

regards

OOps , back to base, it only a jerk!

Looks like gota wait for FOMC to be out of the way yet.....

for now back to slumber...

Last edited by fti, Jun 25, 2008 5:31am
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  #3095  
Old Jun 26, 2008 2:15am
fti
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Hi lilpip,
thanks for the normination.
however book health is sufficient reward.



Quote:
Originally Posted by Green_David View Post
Thanks for your reply.

Light Marbolo can't be resisted. I think I am going to be a duplicate of you. It is nice to have healthy wealth, or wealthy health IMHO however.

Yeseterday, due to my conservertiveness I closed my scout long E/U /G/U positions about 4 hours before FED announcement. Well, I made profits when I got out, but again, I should have made more if I held them.

Is there a threshold or bottle-line phenominon for a trader? I think as my account increasing, I become more and more conservitive and risk adverse. It's my problem now.

BTW, I doubled one of my accounts again in about 2 months. This is my third time with that account. I took the lesson and withdrawed half of the profit.

Thank you again.

David
Hi David,
I don't believe there's a thershold point.
You are careful now, probably because you are virgin at the current level,
after getting used to it, it'll be normal level to you and you will be moving the bar a notch higher.

Good move.
It's nice to take profits out and spend some. Makes it all worthwhile. Get the wife and the family something nice and exotic.
While you're at it, send me a container load of the cigis. LOL, just joking.

regards
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  #3097  
Old Jun 26, 2008 3:28am
fti
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Quote:
Originally Posted by Green_David View Post
Well, thank you for your kind words. When you are touching a stack of 100USD notes, well, it feels so good! (It is my first time of withdrawel after more than 2 years trading.)

A container of cigarettes? My God.


David
Hey Green David,
Only one container?
HUh,

The alternatives....









regards

Last edited by fti, Jun 26, 2008 4:38am
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  #3101  
Old Jun 26, 2008 7:44am
fti
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Quote:
Originally Posted by Green_David View Post
This picture is good. Is it on the Guiness record?

BTW, all E/U short positions out @5655 on average. Some G/U short positions not closed out. Did some rescue operations. Still in trouble.

David
Hi David,
Long USD doesn't seem good fundamentally and chart wise.
be careful, bail out when you can.
Dance carefully, the USD devaluation doesn't seem the be over.
The EU may hike rates and the feds hands and legs are tied.
So feel that impulse carefully.
I tried the USD already before the fomc, there's no chart reason to try now.

regards
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  #3108  
Old Jul 2, 2008 9:47am
fti
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Quote:
Originally Posted by woopypooky View Post
Dear fti,

i want to ask is it easy/hard to get into bank to work as trader?

It is as hard or easy as getting any appointment/job. It depends on your experience and capabilities. Howeveras the job requires, the managing of a large portion of the banls resources, they will only entrust people of proven track records.


basically what does a trader do? executing and managing position only is it?

basically the job description, is to manage bank funds for best returns, so much ability to use all avenues available is important.

Surely newly acquired trader will not be doing additional things like credit card sales and marketing?

Trading and managing of bank's funds is a treasury dept function. CC card sales and marketing is in the confines of the customer services depts, and has nothing to do with trading.
There is however some investments banks who may help high networth customers, bending backwards to provide bundled services. Primarily, it is no concern with investments and trading.


i am asking about Singaporean and Malaysian banks. I am Malaysian, fresh civil engineering degree, will be looking for jobs soon, but i cant stop thinking about forex, lol.

As you are in the foundational levels of your career path, it behoves yourself to chose your direction of vocation to the best of your education and capabilities. Your training is in the infrastrutural capacity. Your transition to the financial arenas will be more uphill, compared to someone who read econs, finance or business studies.

Almost all the dealers I know, inclusive of myself didi not intentionally chosed forex trading as our mainstream. It all happened as coincidence of need. This arenas were imposed on us as a means to living.

As to the question about the local banks, I would have you told that; most local full banks are not active players in the forex battlefields, therefore will ill afford much development of necessary skills. If you look upon banks of which are domicile to the major traded currencies, you may have a more interesting growth curve. Before retirment, I counted 197 banks in Singapore that are active in forex, some more than others. The top 7 major banks in the world's top 20 cap banks are tier 1 players. The top SEAsian bank in Forex was HSBC.




And is there any technical name for a trader's job/position?

the dept that does the trading in banks is know as the bank treasury dept, some calls this dept, Capital and Funds, or forex and Funds Dept.The traders in this depts are known as dealers. Forex dealers, for those managng the forex risk and Money dealers, for those managing deposits and funds. Then within this confines the streaming into those that are chart and systems inclined, known as technical Analyst and those fundamentally inclined , known as economist. Further, they subdivide into numerous different schools.
If you read the thread carefully , you may realise that I did describe the structure and functions in the initial "market structure discussion" on the onset of thethread.


Thanks in advance.
I was just pondering, why you are not persuing careers in your choice of studies. Although it is not impossible for you to excel in forex and trading,if you have a good head, you may have to start from the ground again in terms of your training.

regards

Last edited by fti, Jul 2, 2008 3:46pm
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  #3110  
Old Jul 2, 2008 1:26pm
fti
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Quote:
Originally Posted by lilpip View Post
fti,
Just thought I'd say hey, and that trading is improving for me.
I still find it a great need to reread the thread at least till I'm executing the battles smoothly, patiently and confidently on a consistant basis. This will be the 4th time through. Hopefully I'll be through it by early next week.
thanks again for everything.
Hi lilpip,

Thanks for the heads up.
I am glad that this is helping you.

There's no need to rush, at your own pace please.
Keep the faith, it will all come to you.


regards
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  #3112  
Old Jul 3, 2008 11:31am
fti
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Hi ALL,

For those trading the trend reversal.
Be careful of mines and snipers in the 1st wave.
Stay nimble. Attack but do not overstay.



regards
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  #3114  
Old Jul 3, 2008 12:06pm
fti
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Quote:
Originally Posted by DutchAngel View Post
Hi fti

I am in, but with very low exposure. Keeping my eye on it though. Good trading to all.
Hi DutchAngel,

Good, you must have made good $$$ after the nfp.
beware of sniping action when the chet in Eur does his lip services tom.
Acertain that you have always, appropriate contingency response to your positions,
rescues must not overstay,
attacks must be forceful and swift then normallise in stages.

Good Fortune to ALL.
Battlestations, Ladies and Gentlemen.

regards
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  #3116  
Old Jul 3, 2008 12:27pm
fti
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Quote:
Originally Posted by jest1081 View Post
i placed 3 orders to short euro after the nfp at 870ish range.
It was rejected....how nice.

I raise my first red flag up....sigh
Hi jest,

They were limt OBs right?
On fast markets, the Mmakers will try to duck, even if you were sitting next to him. On fast markets be barve hit them market, but hit small and spread the size out.
It pays to have more brokers.
Interbank , we have 7 broker boxes + a few hundred sparring banks,
and even then weird thngs happens.

Nevermind , regain your composure, focus on the kill.

regards

BTW who was the broker?

As a matter of fact, I cannot see whats driving the USD.
Non farm looked neutral. seems market caught short the greenbag. I am now checking fed watchers. Wonder what spooked the market?
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  #3118  
Old Jul 3, 2008 12:48pm
fti
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Quote:
Originally Posted by luSan View Post
I already ate and I am out with a full belly on the first wave...I am just watching your show...

By the way, I love that Harakiri version....Good killing.
Hi Lusan,

No burps?
This one was good, was watching out for a retrace, and caught a live dragon.
Glad that your belly's full. For us , die hards, I'll probably be up day and night, looking for battle signs.

The Sepuku vid, to to remind the brave and heros, to be careful,
Its nice to attack, know your position.
If you get connered, then the price to pay may be painful.
However , having said that, remember , that
"Fortune favours the brave, always"
So " No guts, no Glory", but don't lose your head over it, be nimble.

regards

Hey jest, chet may like to give you a chance to get your so deserved position. Stay alert.
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  #3121  
Old Jul 3, 2008 1:03pm
fti
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Quote:
Originally Posted by jest1081 View Post
Hi fti,

they're market orders...
efx...i should have run mfglobal's as well.

im not sure too but somehow you dont see the spook in the jpy tho. Is there something sneaking up in euro? I thought the ecb just jerked up the rates?
Do you see the Kingdoms lining up for a downtrend in the hourly?
Hey Jest,

You have a case with the broker. Market orders when received must be filled.
ask for time and sales , and document your orders and its time stamping or screen captures.Then speak with efx, top honcho, and document your conversations.
If they do not "make you good". Line off the broker, and contact CFTC and NFA for assistance.

ECB, up rates??? when?
anyway if ECB up rates, the market is reacting wrongly then.
HUH????

Oh, the Japs and cable had been at it all day , thats where the clues came from.
Euro had been a naughty all day, And now the splash.

regards

Easy, buddy, breath slowly, reorientate.

"Hey jest, chet may like to give you a chance to get your so deserved position. "

That was me not Lusan.

I meant refix your orientation.
The 1st impulse may be over, you may get a retrace, if Trichet talks the Euro up, watch for opportunities, do not jump the gun.
The chart is a key reversal, already.
Look for opportunities, and dance well,
forget about levels, they mean nothing,

Focus on the pulse, and feel the tempo,
I repeat , forget about LEVELS.
Look at the patterns, do not think about the price levels,
Pace the dance!!!!

regards

Last edited by fti, Jul 3, 2008 1:36pm
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  #3123  
Old Jul 3, 2008 1:39pm
fti
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Quote:
Originally Posted by jest1081 View Post
Hi fti,

thanks!
games over for today i guess. Im catching the early ride to dreamland! hehe.
Hey Jest,

rest well.

Tom will be interesting.
IFrom my read of the patterns formed thus far,
there's much blood letting on the street,
so be watchful for opportunities.
Good night.

regards
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  #3131  
Old Jul 4, 2008 5:34am
fti
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Quote:
Originally Posted by sitoca View Post
Hello everyone! Just back from a overseas trip and trying to catch up on all the posts.

To the U.S traders, Happy Independence Day!

Hi Jest,
If its a market order and the market is moving fast, at least the system should ask if you would accept the next best price? Did this not happen?

Anyway, I was watching the action last night and I frozed. Couldn't pull the trigger because the drop was too huge and too fast. Just stood there watching the train flew past!
Hi sitoca,
Life on the fast lane, well what can I say.
You see, you conquer, You miss then just wait for next bus.
There's always another fish in the sea.

But for now was good fire works for 4th July. Donno if this will last , just follow the trail of crumbs.
Nice to see you're around.

regards



Quote:
Originally Posted by zenseven View Post
Hi, Everybody!
yes yesterday's train was pretty unexpected, except COT reports show possible reversals.
I could not jump in, because I was to go out with wife and daughter .
But I do not regret ;-)
Hi zenseven,

No need to regret, another day another battle.

regards

@ALL,

Nice celebrations.
See if you can understand this......important message encyrpted within.



Happy Birthday America




regards

No message here, just harmonics.



Last edited by fti, Jul 5, 2008 4:15am
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  #3134  
Old Jul 5, 2008 3:02am
fti
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Ah Yes the celebration spectaculars again.

http://news.yahoo.com/s/ap/20080705/...us/july_fourth.
and the reminders of the cost of freedom. The loud explosions, the firepower, the lost of lifes. magnific

regards
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  #3143  
Old Jul 7, 2008 2:48am
fti
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Hi All,
The fireworks continues,
for how long, I don't know.
But as it moves , I'll pace it like a leech.

regards
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  #3144  
Old Jul 7, 2008 2:50am
fti
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Quote:
Originally Posted by joypips View Post
fti thankyou for the link.... absolutely riveting viewing! have watched all 5 videos. A one world government is quite a scary thought.
Now back to reading this thread, only up to page 80 so still have a way to go to catch up.(have only just discovered). Thought I would check out last page to see if still active and had to check out links. Sorry fti could not find the message in music video wish it was in english but the music was beautiful thankyou.(i also love to play josh grobin while i am dancing with the market)
you will be pleased to know that my charts are free of indicators except i am still struggling to let go of fibs. Thankyou everyone I will return when i have caught up and I'm sure I will have questions and hopefully contributions as well.

joy
Hi joypips,
welcome.

regards
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  #3145  
Old Jul 7, 2008 3:05am
fti
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Quote:
Originally Posted by Green_David View Post
hi, FTI:

After several months experiment, I give up rescue operation.
OK noted, you were always free to choice how you traded.

1. It is too hard for me to rescue scout with more positions within 50 pips of pullback. And if rescue positions are trapped also, I am bitten more by the aligator(crockedile).
2. If my scout timing is too early, I just wait untill 100~200(GBP) pips against my scout to see if the price will resume the trend.
In a 200 pip impluse, the short trnd must have turned. Whether the hourly trend has changed may prompt you in your repositioning.

3. If it turned out the scout is against the daily trend, just take loss and start over. No point to rescue while trading against daily trend.
If that happened to me, I won't do as you suugested. If the market catches me, and force me to turn on wind to daily trend. I'll .........turn with full continuation snowballing. For undercapitalised , do not do this, It is very scary. I don't want anyone to get a stroke.


4. If the trend resumes, I try new price level and set up entry again.

When I tried to rescue bad positions, I found out that my added positions shall not overstay in the market so I have to take about 20 pips profits. And because of this I had a bad "habit", i.e. when my added positions are suppose to give me a 100-pip daily profit, I closed for 20 pips only.
I dont understand, ok so you make less, whats the problem? I never go riigid to count how much I make and should have made. I just make the $$, be thankful for the blessings (and $$) and move on. Gotta no time and mostly leave the ROI counts for those that cannot do.


Any comment, please.

Regards.

David
David,
Iam not sure, but you seem to be moving further and further from the basics.
Time to recap your MO esp mindset.


regards
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  #3146  
Old Jul 7, 2008 3:11am
fti
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Quote:
Originally Posted by lilpip View Post
It sounds like your at one of those step back and evaluate for a few momments.
Myself, I did the same a couple weeks ago and my head was made clearer.
First what I did was take a day and did not think about trading the trades.
Like fti mentioned go to the beach, store, family, do something else and get your mind off it.
Go back to basics, refreash yourself reading back thru fti's old post.
Are you trading more than 1 pair regroup and just trade 1 pair.
I had been trading the gbp/usd 95% of time for 6 months just to get familier with yearly, quarterly, monthly, weekly highs, lows, closes and there trends. As I try to track and have an idea of the daily trend as we trade watching the 4hr.,1hr. 5 min. chart. I look at it as part of knowing the battlefield.
Although I seem to have a fairly good handle on it I guess I grew impatient and frustrated with the action I took with some of my trades.
So after the day off I looked over at the e/u as the entries seem to fall in place, I have to say its been refreashing few weeks.
I know you like the g/u but maybe if you see trades lining up on another pair give the g/u a temperary break.
To, fti mentions he focused on getting in and out of the market. Start with a goal of a shoter time frame, if the trade goes the way you expect your out in 30 minutes with just a scout left in, your rescues would be closer.
Of coarse most of the time it all hinges on identifying your daily support and resistance as we enter with the trend.
My experience has been that we can be on the right side of the g/u daily trend and have 30-60 pip swings if were out 120-180 were standing on the wrong side and were looking at our all night babysitting job. I can relate, I get aggrevated just thinking about it.
Your not dealing with anything different that anyone else is not dealt with in the past, present or again in the future.
Go enjoy life come back when your refreashed.
Just my 2 pips.
take care
Hi lilpip,
Time out is a good way to rejuvenate the energies. I always encourage it.
this is esp true with profits$$$ to spend, makes it so refreshing.

Try it, then you will be able to feel that the whole world is living on the cheap.

regards
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  #3147  
Old Jul 7, 2008 3:15am
fti
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Quote:
Originally Posted by zenseven View Post
Dave:
May I give you a little advice

1. Give up GBPUSD.

This advice was read by me in one book by Igrok not so long time ago.
But it works. He has explanation. Why it is better to go other currencies.
I do not want to reproduce.
I need to say it is really good book to learn patterns of Forex. But he is not rigid. He always says that all patterns for forex are not finished.
Trader Igrok is known among russian traders as showing unbelievable results. He has own thread here at forexfactory.com

2. And in reality you do not need 100 pips profits all you need 20-35 pips run
But you need to snowball your positions fast. Square your position after this small move to 1 scout and wait again for next impulse. 2 impulses a day make your day for sure.

All:
Please find attached cut from Robert Balan "Elliote Wave Principle applied to Foreign Exchange Market".
This cut is not about forex itself but about trading, i think it has some resemblance to FTI teachings
Hi zenseven,
Ahh, Bob Balan of Lloyds Bank fame.
Are you his understudy? Wonder what he's been up to?
I believe he is doing consultancy now, but its been a long long time.

regards

@ Lusan & auxesis, thanks for your thoughts. Much oblighed.
Its so hard enough to get it right,
Its so much harder to stay right,.

Last edited by fti, Jul 7, 2008 3:29am
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  #3149  
Old Jul 7, 2008 6:51am
fti
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Careful now, fireworks, fizzing out.
Look for signs. Try not to jump the gun, and be nimble and wise.
The question now, Is the weak USD now retrace or trend??
More signs along the way.

Last edited by fti, Jul 7, 2008 7:12am
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  #3154  
Old Jul 7, 2008 10:53am
fti
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Quote:
Originally Posted by 2fx View Post
Hello Fti and others.
I went short Eur/Jpy last friday towards close of day. This morning I couldnt babysit, right now am down 50% of my equity... not enough to rescue, do you think there could be a retrace or I should just take my hard loss and move on?
Pls help am stranded...
Hi 2fx,

I would suggest tht you cut the loses, stop trading for a while and read this thread carefully, to see where you went wrong.

I recomend you this course of action, as I believe that you may be very inexperienced trader. Moreover you have violated many principles that I deem prudent for traders.

Good Luck
regards.
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  #3159  
Old Jul 7, 2008 2:07pm
fti
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Hi All,

Outside day reversal against outside day reversal in the USD/eur.
(manipulation at its greatest)
and long long tails in the cable and DLR/Yen.
This one's gonna confuse day chart traders and position traders.
Do not try to Run,
Beware, slippery, much blood on the street.
Selling USD seems good stance now.
Devaluation isn't complete. Maybe tip of iceberg yet.
But please no running be nimble still.
Dance gracefully.

regards

Last edited by fti, Jul 8, 2008 12:00am
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  #3166  
Old Jul 8, 2008 10:45am
fti
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Quote:
Originally Posted by sitoca View Post
Hi Fti,

Regarding Outside day, other than its commonly mentioned pattern significance, is there any other things that we should look out for?

I remember you saying something about it before.......
Hi sitoca,
sorry , that an incomplete posting was posted, as I jumpped the gun.
Please reread posting for the thoughts.

regards.
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  #3167  
Old Jul 8, 2008 10:50am
fti
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Quote:
Originally Posted by deanh View Post
Hi all,

I've been reading through the 200+ pages for the past few days. I'd like to thank fti and all the contributors for such a brilliant thread.

I'm new to the world of forex, with my studying only beginning a couple of weeks back. Having read numerous threads on multiple forums proposing the next big system to have me making 1000 pips by the end of the week; it was refreshing to stumble upon a thread such as this.

From just reading the first few posts, the things said by fti make perfect sense to me, in such that they ring true on a personal level... on how I'd think of myself approaching trading and the kind of trader I want to become.

Unfortunately due to work, I'll probably be only able to trade forex from 8pm-1am gmt, which is kind of limiting if I hope to trade true to fti's methodology.

I'm only trading demo at the moment (and will be for a few months yet) but I'd like to join in the fun and participate in this thread if that's no problem

Regards,
Dean
Hi Dean,

welcome to the thread.
As I always advocated , if there are questions always ask.
The answers are hopefully somewhere in here.

Other wise cordial discussion will uncover that need to be understood.
It is important to progress slowly , understanding each step forward.
Do study with much thought, and practise to get complete perspective.

regards
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  #3168  
Old Jul 8, 2008 11:00am
fti
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Quote:
Originally Posted by joypips View Post
fti

still searching for info on 'hip and lop' patterns that you mentioned very early in the thread, no luck as yet can you please help ?

btw lucky bid on ebay today for 'paper money' can't wait to read it, but will be several weeks as i am in australia.

many thanks for all your pearls of wisdom and generous sharing of your knowledge

joy
Hi joypips,

I regret that I shall not be able to discuss "hips and lops" on a public forum , for respect and professional courtesy to Welles Wilders. But I can tellnyou that it is abrivation for high point and low point which is a basic technique in chart reading and methodology. In its basic , it is of no grave importance. However if you have working knowledge of it, it can enhance your timing , if you are out of step with market rhythm.

I hope that reading paper money may enhance your understanding of the market and its structure.

regards.
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  #3169  
Old Jul 8, 2008 11:12am
fti
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Hi All,
Its been trying times into the july celebrations , utimately it looks like the USD bears are on top, nevertheless many bears are bloodied too. In my opinion seems many dead pig carcuses all over the place. Stay to reading market dance closely, stay nimble always . Be trendy, stay with whats current that is evolving, no one can say for sure. You have to dance , for now quick step is best.

Remember your training, efficiency of performance is dependent on the mix of ingredience of Analysis,MO,MM,and Captalisation. There is no magic bullet. This is scary terrain we are in now, dance well, stay alive.

Rule 1 Capital preservation.
Rule 2 Capital preservation.
Rule 3 Do not forget rule 1.

regards

Again

www.youtube.com/watch?v=jyI2tX6UCKo

Flow like a river.

Last edited by fti, Jul 8, 2008 3:57pm
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  #3172  
Old Jul 8, 2008 11:54am
fti
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Quote:
Originally Posted by walterw View Post
Capital preservation actually happens when you have a good Risk Reward Ratio embeded to your system... risking too much for a small reward potenciall its not a good bussiness... oposite is the key, risking a little for a great potencial on your trade... cheers Walter.
Hi,
If you read the thread carefully, practise the required mix required for trading.
You may learn to stay alife in the market. And thats all you will need to have a good R/R ratio automatically. Focus on R/R only makes you rigid. For me its non ingredient required for trading success. Its a little reward for masterful mindset.

In life and trading, if you keep looking for the ideal, you may end up single all your life. There is no system (magic bullet) , its all you.

regards
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  #3173  
Old Jul 8, 2008 12:51pm
fti
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Quote:
Originally Posted by lilpip View Post
thanks for the reminder to keep us in check.
Is support for long dance out of 5660 crumbling this morning ?
Just a retorical question.
Might be looking at a short dance south. No pun intended.
Hi lilpip,

Do you mean the USD bull?

well Igot caught on entry long USD after the up sweep as well, just got out level 3 rescue.

Note daily charts, the distribution will either contract or expand out, but as the legs are swift and long, only can expect more of volitility play intraday. Non ride opportunities detected yet. Like I said stay nimble, try not to overstay stance. There are much bleeding USD bears as well so be mindful of volitility sweeps.

regards

Today, I am a liitle out of step, trying to fly a new platform on the side.
Haven't taken off yet. The platform , is not as easy to "fly". May need computer hardware upgrade. Still trying for now.
and unable to fit into the cockpit (login problems).LOL
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  #3175  
Old Jul 8, 2008 1:10pm
fti
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Quote:
Originally Posted by lilpip View Post
I was using e/u 5660 as a guide for support up to 5737 if it breaks I would feel comfortable leaving a portion of my babies unattended.

If 5736 area holds I'm looking for a short dance south to 5660.

I'm looken for short dance below 5660 with eyes and ears open around 5625.
Hi lilpip,
dangerous stance you have. Never leave baby unattended.
S/R can give way, it depends on it robustness, and for now with high voli
Anything is possible, depends on the mass resolves.
Stay nimble for change and sweeps possibilities.

regards

Last edited by fti, Jul 8, 2008 1:26pm
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  #3177  
Old Jul 8, 2008 2:17pm
fti
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Hi All,
lets see if the USD bears can come out of the woods now.
its trying vv hard huh.
seems delayed action, looks like wating for the queens men to get into gear, LOL
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  #3179  
Old Jul 8, 2008 2:27pm
fti
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Quote:
Originally Posted by auxesis View Post
Fti,

Curious to your thoughts: at this time of day, do you think the USD bears are coming out or just distribution of todays USD Bull run?

a
Hi auxesis,
Really can't tell yet. Those USD bears had been bleeding lots.
Sure runring out of clock space though.
Felt suspicious , that voli was high due to market thinness.
Just suspicion as I cannot see much flow,
If this was true could get hairier into wellington zone.
Gotta see how the US boys playwhile they sq out for the day.
Seems the yen boys are out, there's a little life left yet for the queens boys.
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  #3181  
Old Jul 8, 2008 2:53pm
fti
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Quote:
Originally Posted by auxesis View Post
Fti,

Thanks, it will be interesting to see which way Tokyo and London push this thing.

regards'

a
Looks like , they ran out of steam.
Suspicious sweeping going on, lets see if claws comes back tom.
Goodnight.

regards
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  #3182  
Old Jul 9, 2008 4:08am
fti
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Member Since Nov 2007
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Dealing Room Ethics

Never do this while explaining losses to your boss.


Never do this in the dealing room.


Always buy throw proof equiptment for dealing.




regards

more volitility only, markets seems coiling.
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  #3192  
Old Jul 9, 2008 12:06pm
fti
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Quote:
Originally Posted by lilpip View Post
care for a short dance @ 5728?
some times I feel like this can drive you insane but I like it.
no short dance for me for my own mental protection.
Hi lilpip,
may I ask what is a "short dance"?
Yu mentioned that a few times.
do you mean short USD?

regards
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  #3193  
Old Jul 9, 2008 12:08pm
fti
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Quote:
Originally Posted by rapaduski1 View Post
fti,
I stumbled across this thread last week and have enjoyed reading through it. Thanks for sharing your insight and experience. I have been stripping down my charts this week and really enjoy the view. Good trading to you all, and I will participate as time allows.

Rapaduski
Hi Rapaduski,

welcome.
Hope you will learn much.


regards
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  #3195  
Old Jul 9, 2008 1:07pm
fti
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Quote:
Originally Posted by lilpip View Post
If I feel that the market is taking me short from a particular entry point.
For example a couple days back I felt that the market was wanting to go short at the 5747 area which I viewed as possible resistance so I entered and followed her steps .
Yesterday the same only the 5737 area possible resistance.

Today, even though I view 5728 and 5747 as possible resistance I wouldn't enter short dance if I felt the e/u was leaving that area heading towards 5660 because I feel its to risky today as the trend for the day seemed stronger coming out of todays lows 5660 area.
Hi lilpip,
I see, so when you say short dance, you mean that you were short EUR/USD.

Just that you may be aware, forex is quoted in pairs.
So, short USD/EUR=long EUR/USD
and long USD/EUR=short EUR/USD
do you see the confusion.

the dealing protocol is that we speak from the perspective of the Pair, as when placing orders.
But when we discuss markets, the protocol is to speak in USD terms.As in long or short USD.
The purpose to sync frame of thoughts, esp when you may be speaking about USD dorminant pairs vis a vis common wealth pairs. This protocol of discussion will standardise the basis of thoughts , esp allowing traders trading differening pairs as well as those who may be trading futures contracts (who trade reciprocal quotes) to speak to each other coherently.

In the interbank, it used to be that the only two non USD dorminant pairs were the Cable and the Aus. Now we have the Eur as well.

I hope you may find this protocol for discussion acceptable and less confusing.

Of course if you were speaking from position then inclusion of the pair intended, would provide better communications.

regards

I just realised that your focus of trade is in all currency dominants (EUR/dlr GBP?/dlr), probably the reason you speak from pair position.Just for info, all interbank dealers always speak from USD reference.

Last edited by fti, Jul 9, 2008 1:26pm
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  #3197  
Old Jul 9, 2008 1:33pm
fti
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Member Since Nov 2007
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By the way, could some geeks here help me with a problem, please?
Does anyone know who 116.15.142.221 is, this chap keeps trying to breach my firewall.

regards
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  #3199  
Old Jul 9, 2008 1:49pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by Piters View Post
You can install some of TRACE ROUTE programs. Just Google''em. You can trace the route, and find where is coming from, but get some good firewall, and don''t worry, there is a hundreds attacks all the time randomly happening on the net..
HI Piters,
Thanks for the info.
Much obliged.

regards
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  #3201  
Old Jul 9, 2008 2:13pm
fti
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Quote:
Originally Posted by yxy View Post
Just in case if you haven't found out fti:

http://tools.whois.net/index.php?fus...oisbyipresults
Hi yxy,
thanks as well.

regards
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  #3203  
Old Jul 10, 2008 3:07am
fti
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Quote:
Originally Posted by lilpip View Post
I can't help myself
lets see if I can hekp you.

I'm in @ e/u 5745 looking for tonites lows,
so you are short EURUSD (size unknown probably 10,000usd)@1.5745
scaled attack down,
Why did you start with an attack, you scouted the range already?
anyways ,it seems that you took profits, yes? where?

scout left in at 5728. and scout is out @5724 for sleep.
so you squared with 4 pips profit?
Short EURUSD x1 @1.5728
Bot EURUSD x1 @1.5724
is that correct?


still long from 5660.

In @ g/u 1.9830 looking for tonites lows, scaled attack down, scout left in at 9805. and scout is out @ 5712 for sleep.
still long from 9777.
Hi lilpip,
You seem to have been a USD bull for the day.
Any specific reasons?
Althought you were bullish you are not wrong, as you did not leave overnights. OR DID YOU?
whats with the 1.5712 for GBPUSD though, ???? is it 1.9712?

Are you dancing the chart?

regards
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  #3207  
Old Jul 10, 2008 5:43am
fti
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Quote:
Originally Posted by lilpip View Post
Will the 5701 area be the daily lows for the e/u ?
What type of question is this?
How would I know.
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  #3210  
Old Jul 10, 2008 6:03am
fti
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Quote:
Originally Posted by lilpip View Post
I'm not sure if the spellings right but it was a retorical question. ( I think theres an h in there somewhere).

I think its a area to be watched closely so if it is we can get more men in as close to support as we can.
You had better reread this thread. You are way different school.

Do you mean to say there are areas where we don't have to watch closely?
Careful friend, walking on thin ice.

Last edited by fti, Jul 10, 2008 6:50am
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  #3212  
Old Jul 10, 2008 6:51am
fti
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Quote:
Originally Posted by lilpip View Post
10-4 on rereading the thread and the making sure I understand the meaning of whats being said.
I was just doing so this weekend until I tried to put into practice what I was learnig a couple days ago as I put it up on the board to possibly get some feed back and direction on what I was picking up.
And so I'm getting my reminders and direction.

We have to watch all areas very closely as we try to follow the markets steps and lead.
I guess I was overly eager to find the lows and support for the day in this area.
Your frame of mind at this juncture is so very differnt from mine.
I am so very cautious this couple o days, looking for any signs that can direct me.
Collaping snowballed positions to base often for managebility in case the big one comes. Looking for clues on every bar. Looking for market mover info.
Reaccesing MO and exposure often.
And you want to play the fortune telling game.
I don't know , you better do a self check.
I thought you had been following the thread for some time nowand would be in sync at least mindset wise.

regards
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  #3213  
Old Jul 10, 2008 7:21am
fti
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Quote:
Originally Posted by lilpip View Post

Sorry about all that, testing your resolve and all.
I'm just an inexperieced trader trying to learn your system and yes I want to view the market as through your eyes, I guess I'm making some mistakes along the way.
I apologize and will try to do better.
Hey lilpip,

I am not looking for apologies, that not necessary.
I may have been a little harsh in my words, but I am just trying to tell you, hey buddy , you are going the wrong way.
The frame of mind , ie mindset is absolutely 180 degrees.
If you are trading live, you are in dangerous territories.

Due to the daily chart patterns,these couple of days, I have become very nimble, and book protective untill the fog clears. So I am attck adverse, although there is no harm trying, I wouldn't want to overstay the attack positions lest be caught pants down.

For you, stay off the predictive analysis, if you look at the daily charts, we are doing all sorts of wierdness, outside reversals against outside reversals,
and coiling now, doesn't that tell you anything about the market's status?
So you must adopt, a conservative approach, until this fog clears. And it will, the only question is when, and not at what levels. Levels now means nothing.
Its the pattern and behaviour, thats where the key is.

By the way all this weirdness is good for the book, easy to trade, no test of the balls at all. Wished markets were always like this, bears bleeding, bulls bleeding, dead pig everywhere.

Another issue is that since you are new, try to stay on one pair, while using 3 kingdoms to guide you on that pair. Its fool hardy to do crosses until you can master the one.
Mistresses and concubines often confuses simplicity of life.

regards
Also don't take it too harshly, training always painful.
Like my wife always say , no pain no gain.

Last edited by fti, Jul 10, 2008 7:36am
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  #3214  
Old Jul 10, 2008 7:50am
fti
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http://news.yahoo.com/s/ap/20080710/.../iran_missiles
Why is this being done?
What is the impact of this action on oil prices?
Wonder if anyone will set the gas tank on fire?


Wonder what will happen to gold?

regards

Last edited by fti, Jul 10, 2008 8:05am
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  #3216  
Old Jul 10, 2008 8:36am
fti
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Quote:
Originally Posted by rapaduski1 View Post
Hi All,
Market seems stuck for now so wait trade is on -- no need to see my scout trades killed while this market sorts itself out. Is this like slow dancing near the sidelines? Spending this time studying chart patterns...

Rapaduski
Hi Rapaduski,

Be watchful, though.
There's normally crocs in still water.

Was mind jogging, and was wondering what would happen, if one of these flying matchsticks malfunctioned and landed where its not supposed to?

regards

Last edited by fti, Jul 10, 2008 8:47am
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  #3218  
Old Jul 10, 2008 8:53am
fti
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Quote:
Originally Posted by rapaduski1 View Post
fti,
I have the bite marks to prove it, too!

RE: your question about Iran, I think a mistake results in $400 oil, and possibly WWIII. Never too late to pray for calm and cool heads.

Rap
Hi Rap,
I think I'll give it a rest, sure bringing me to scary places.

I think, maybe lead would be better buy than gold, to reinforce my bomb shelter. just in case.

regards
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  #3220  
Old Jul 10, 2008 9:04am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by auxesis View Post
It's inevitable, just a question of when, sad to say.
Hi auxesis,
Scary.... what idle markets do to active minds.

Oh , nearly forgot, I think the feds talking again tonight.10:00

regards
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  #3222  
Old Jul 10, 2008 9:22am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by luSan View Post
Crazy period...In my brief training, I have not seen it! E/U does not have any structure for me. Is it pushing up or falling down? No real tendency..PA is dancing heavy metal and I do not know how to dance it... I am taking a break until there is a resolution.

I wish to say that this is easy for trading as you do...ah...it takes to be Astaire to dance this dollar.

What is going on? You can feel so much uncertainty as if the lady was waiting for something. Is it the Europeans or the FED? The drums of war?
Hi Lusan,
Actually both, and the drums as well.
Is it tonight?, dunno , battlestations anyway, old chaps.
Ben's at the podium for now.
And try to stay awake at the wheel !

regards
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  #3225  
Old Jul 10, 2008 9:57am
fti
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Member Since Nov 2007
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Hi,
Oh , not forgetting, that chet is speaking later behind ben.
So be nimble, and no standing up, beware of stray bullets.

Oh and for those of us staying along the trans atlantic coastline , please inform us if you hear ballastic chopsticks flying overhead,

Ok I think we've most angles covered.

regards

OK no more jerking around, eagle eyes everyone.

Last edited by fti, Jul 10, 2008 10:10am
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  #3227  
Old Jul 10, 2008 10:17am
fti
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Looks like ben's singing old song, we are moving over to chet's camp.
Increasing firepower.
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  #3228  
Old Jul 10, 2008 10:23am
fti
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Quote:
Originally Posted by auxesis View Post
That conjures up the image of Robert Duvall in “"Apocalypse Now" where he’s walking on the beach with mortar rounds and stray bullets flying everywhere.

regards,

a
Hi,
very busy ,
but nice to have runnin commemtary.

OK army OUT , leave scout
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  #3229  
Old Jul 10, 2008 10:36am
fti
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scout out.

now squared.
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  #3231  
Old Jul 10, 2008 10:48am
fti
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scout in - buy eur/usd x 1 @ 1.5767 ob.
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  #3233  
Old Jul 10, 2008 11:02am
fti
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Quote:
Originally Posted by piccolo View Post
it hit my target on the pip, out for now. don't want to be a pig.
Ok , just jesting, Bless your contented heart.

cfo buy eur/usd x 1 @ 1.5767 ob

scout in - buy eur/usd x 1 @ 1.5775 ob.

Last edited by fti, Jul 10, 2008 11:30am
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  #3235  
Old Jul 10, 2008 11:14am
fti
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Quote:
Originally Posted by piccolo View Post
hehe, at least I will sleep tonight.
OK, noted, going into NY lunch. will trade slightly up bias, now.
why sleep , this is better than sex.

Looks like we have to wait for chet game after ny lunch.

waiting for scout to get into position.

nothings gonna happen now, any questions?

@ piccolo, you could take a 2 hour nap and rejoin the market ,thats when something may happen. Now just range play.

Last edited by fti, Jul 10, 2008 11:25am
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  #3237  
Old Jul 10, 2008 11:37am
fti
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Quote:
Originally Posted by Piters View Post
I am watching Ben's testemony:

""they are asking for more power to supervise, - CONTROL over the major banks, Hedge Funds, ...

*** This is all about - I''ll say ***

(but litlle bit disapointed, this is america, not a third world country)
In other words, he's just saying,
Banks misbehaving, I need a whip.

What's the use of whip against an elephant?

ok scout on board, while ny goes lunch.
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  #3239  
Old Jul 10, 2008 11:51am
fti
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Quote:
Originally Posted by Piters View Post
You are going to play under my rules, or I am taking OVER...

**that's the message**

maybe it does happened in past, but now is to OPEN, to rude...
the economy may just be ok, if people don't drop rates 75 basis just because some bank goes into Soc gen territory. shock medicine may revive the deceased, while live patients, should be under the microscope and medication, should be administered mildly, and adjusted periodical.
If people don't just panic and use up all their ammo indiscriminately, maybe there may be hope.Just my 2 cts.

regards

the scout's in BOT 1 eur/usd @ 1.5775, lets see.
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  #3241  
Old Jul 10, 2008 11:54am
fti
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Quote:
Originally Posted by Zoran View Post
Hi fti, do you use hip and lop actively?
yes, zoran
otherwise how to determine leg's shape.

now mkt 65

Last edited by fti, Jul 10, 2008 12:09pm
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  #3243  
Old Jul 10, 2008 12:18pm
fti
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Quote:
Originally Posted by auxesis View Post
The market seems to be just bouncing between technical points/levels without conviction to direction.
Lunch time in NY,
bot x 1 x eurusd @mkt 1.5766

@auxesis,
dailychartwise,bias bear USD.
volitility legs vv high, therefore big battle on with the bull and bear.
difficult to ride,
options premiums vv high, from fair value.
gotta stay nimble.

regards
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  #3246  
Old Jul 10, 2008 12:29pm
fti
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Quote:
Originally Posted by auxesis View Post
agreed range now 765 to 800, if trichet can rally the euro bulls for a new high?
no real consiquense, will be playing into highs and toppish mountain ranges.
However, that's the chart bias fro the day charts.
A nice usd bull sweep would be nice to reposition before chet comes on though.
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  #3247  
Old Jul 10, 2008 12:35pm
fti
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Quote:
Originally Posted by Zoran View Post
Isn't the "hip" around 60? So we can expect your position to be good shortly? Action looking good too.
No, zoran,
the lop was at 1.5700/20 region but unfortunately due to ben we couldn't capiytalise on that. No hips in sight, so the sky's the limit for the mom.

Now just trainee dealers playing screen, gotta wait for the big boys.
but of course if the trainees. like to take the market for a spin, we can spar.

Actually , later when chet comes on. the American interbank would be in snooze mode(their normal protocol). Direction can be gauged from the FX futures exchanges. if you please, the CME.

regarsd
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  #3249  
Old Jul 10, 2008 12:53pm
fti
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bot 1 eurusd x market filled 1.5773
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  #3250  
Old Jul 10, 2008 1:02pm
fti
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Quote:
Originally Posted by jest1081 View Post
fti,
ive been playin yen on the short side since yesterday.
The strength in usd worries me.
Don't see much USD strength on daily charts, bias bear USD
sre we looking at a return of the carry markets?
basically, USD, weaker rates, so negative carry, weaker FX unattractive, (plain ugly proposition)
seems like a good setup to long stocks... :P
Sorry equity , not my cup of tea, although I am old uncle
Actually equity is bad proposition as well, with this galloping inflation the world is experiencing. unless you are a devalued dividents happy INVESTOR. If you are good holder, I am sure they'll be worth something by 2100.
regards
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  #3252  
Old Jul 10, 2008 1:29pm
fti
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sold x2 x eurusd x1.5771

only scout 75 is still in
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  #3254  
Old Jul 10, 2008 1:34pm
fti
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Quote:
Originally Posted by jest1081 View Post
lol. fti. thanks. how old will i be ummmmmm. lol
When trading equities, you would be a speculator in bullish markets,
and when in bearish markets , you are INVESTOR.
So when in equities, you are a very thoughtful person, to invest and only benefit the next generation or the broker whoever is luckier.

regards
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  #3255  
Old Jul 10, 2008 1:46pm
fti
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Quote:
Originally Posted by Green_David View Post
Hi, fti:

A question. You bought E/U around @57770 today? A little of chasing? Why you didn't send scout @5720(from 20:55 to 21:00)? I reduced most short E/U positions around 5720, leaving the scout still in the battlefield (openned @5873 one week ago).

No challenge, just some doubts,

Regards

David
What's your doubts?

regards
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  #3257  
Old Jul 10, 2008 1:52pm
fti
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Quote:
Originally Posted by barak View Post
Don't you guys sleep?

And i thought i was the crazy one!
Hi barak,
if you are pro Forex trader , you'll be crazy , if you sleep.
we toll into the nights while others slept their fortunes away.

regards
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  #3258  
Old Jul 10, 2008 2:01pm
fti
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Quote:
Originally Posted by Green_David View Post
Hi, fti:

A question. You bought E/U around @57770 today? A little of chasing? Why you didn't send scout @5720(from 20:55 to 21:00)?
Because, ben was talking the market
I reduced most short E/U positions around 5720, leaving the scout still in the battlefield (openned @5873 one week ago).

No challenge, just some doubts.

Regards

David
Hi David,
Ok I guess you wanna know my postions.

Ok since the markets not moving,
This is my blotter after ben's testi.

Eur/usd
B x 1 x 1.5735
B x 2 x 1.5741
B x 6 x 1.5752
S x 8 x 1.5781
S x 1 x 1.5779
B x 1 x 1.5775 ----scout still open
B x 1 x 1.5766
B x 1 x 1.5773
S x 2 x 1.5771

Any problems?

Like I was telling , who was it,? i forgot.
the markets technically in test zone. outside reversal, counter-outside reversal and coiling, overnights are dangerous, if you like scouts are riskable. Any thing more, then the gambles on.

regards

Try not to follow this skew, it is tailored like this because it is in size. and the backup is large, goes up ot 7 levels.

Last edited by fti, Jul 10, 2008 2:39pm
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  #3259  
Old Jul 10, 2008 2:22pm
fti
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bot 2 x eurusd x 1.5777

bot 3 x eurusd x 1.5782

bot 1 x eurusd x 1.5778

bot 1 x eurusd x 1.5779

bot 5 x eurusd x 1.5779

Last edited by fti, Jul 10, 2008 2:54pm
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  #3260  
Old Jul 10, 2008 3:13pm
fti
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Member Since Nov 2007
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have overu clock space, into twinlight zone now.
may see thin swings before wellington comes in.

order sell 8 eurusd X 1.5785 ob

Last edited by fti, Jul 10, 2008 3:28pm
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  #3261  
Old Jul 10, 2008 3:33pm
fti
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sold 8 x eurusd x 1.5785
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  #3262  
Old Jul 10, 2008 3:39pm
fti
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sold 5 x eurusd x 1.5786

too tired, gotta sleep
Now squared, if like can leave one scout short USD.

Goodnight.
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  #3264  
Old Jul 10, 2008 3:54pm
fti
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Quote:
Originally Posted by Srikanth View Post
better short it around .5795/58

finally this thread aslo becoming dirty with trade calls
Hi there,

what do you mean by it?
What the hel is it? You are totally incoherent.

I am just showing some here my blotter, just to show them how I dance.
Please go trade your own positions.
Don't you wish you could see my blotter everyday.

Don't come here making uncalled for statements.
You probably haven't read the thread.
Anyway , snobs like you, probably won't understand a dang thing written here.

You are not welcomed here.
Bye bye rubbish. Poh tumbi !
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  #3271  
Old Jul 11, 2008 4:55am
fti
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Quote:
Originally Posted by lilpip View Post
Although it comes across as a totally different mindset and method, its not intentionable, I'm trying to enter the dance with the market taking the lead.

You ask me what reason for the bull stance ? I just felt that the market was going that way so I wanted to followed to see how far.

As far as being pedictative and fortune telling I try not to. There are times I seem to have a bias though, when entering and exiting trades otherwise I try to keep it in check and I'm more than happy when others help me do so when needed.
I appreciate the reminder of not counting on levels at volitile times I needed to here that.
When I'm mentioning these price area levels I don't know the direction price will move but from trying to be familier with the pair with the best of my ability at this time. I view them as points of entry.
With extra attentiveness I try to feel the market on what its trying to do for safe entry.
So for example today for my entry to dance was to watch with extra attentiveness the e/u 5701 area to see which way I would enter.
The same for the g/u 9765 area would be an area to watch for an entry one way or another.
I have to say my bias was up for both pair, thats why I pulled the scout this morning as I just awoken 5 min. before and wasn't prepared for a fight. So as the g/u was going down from 9765, not doing what I thought and not prepared to follow I got out.
I'm just trying to understand how to get on the daily trend and avoid fighting with it.
Hey you walk the talk
I'm trying to learn the talk then learn how to walk and eventually be able to walk the talk to some degree.
Right now my speech is slurred and when left on my own to walk I wobble and fall down.
And I don't mind help from anyone if seen needed.

Hey, Its good to see your post on dancing with the market, it helps to see the steps and blows in a given situation. and a pattern to measure up to, I comprehend better now the hit them hard fast and get out.
I'll try to pick up on the appropriate timing for entries.
Let the fun and practice begin.
Hi lilpip,

its nice to know that you are begining to see and feel the dance.
like you saidyou may lack market experience, but we all started somewhere , unable to differentiate push from pull. But if you diligently try to hold to good basic mindsets, you will ultimate get there, time will be the divider.

All I can do is to hand hold when I can, and as you saw, in fast markets, I have to focus on my own survival. You are ultimately on your own.
Also, its painful when there are clowns, saying all sorts of unbecoming things when help is given.

For you lilpip, you I still detect rigidity in your perspective to market flow, so you will have to work at it to get that right.

trade well.

regards.
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  #3272  
Old Jul 11, 2008 4:59am
fti
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Quote:
Originally Posted by auxesis View Post
Most here are v. happy to see Fti's entries and exits.

BYE!

as a side note, this is probably the only high rated thread on this forum where egos are left at the door. It's refreshing to come here and not be bothered by the normal BS that infiltrates the others.

So take the crap somewhere else.
Hi auxesis,
Thanks.
There's all kinds living amongst us. there's little that anyone can do to help those egors.

regards
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  #3274  
Old Jul 11, 2008 5:06am
fti
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Quote:
Originally Posted by luSan View Post
I read your entries and suddenly I understood much better your dance!
Thanks for the message...Clearly it will take a long time for lusan to really learn how to dance...still I made a little pips but this was worthless week: to many uncertainties and I was too impatient.
Only you can deal with that you may not have mastered.

So your attack sequence was 1-2-6? How did you timed your entries? ...I know that there are no fixed rules, but how did you timed it?
For the attempt when the market reacted to ben only. We know that the fib sequence is the base. You have to build your own from that. That was a mild attack due to chart uncertainties. A true attack is much stronger, but only if there's good foriegn cap to back up the exercise.How to time?, well the dance "form" remember?

Please do not be disturbed by ignorant people. I think that the best policy is not to acknowledge their messages. They will go away when they find no audience.
I understand, thanks

Regards,
Remember the basics ?

regards
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  #3275  
Old Jul 11, 2008 5:10am
fti
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Quote:
Originally Posted by jest1081 View Post
lol...isn't it poooh dah thamby? xLoLx. We have a stray i guess.

i was so tired, i took home 20points from the Yen and dropped dead after that. Sorry for the non-participation. hahah.
Hi jest,

ok maybe.

Its so difficult to get the pips , somedays.
So don't waste them unnecessarily.


regards
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  #3276  
Old Jul 11, 2008 5:19am
fti
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Quote:
Originally Posted by lilpip View Post
fti,
trying to follow your steps, market felt like it wanted to drop a bit but I'm begining to wonder as its taking to much time as she worked her way back up and pushing above 5790 after I been in it for about 2 hrs. Im about ready to close it down for the night.
Well now your being to think, its a good step forward
Well, it dropped below 5790 and I slapped it with 5 lots.
e/u
s- 1x 5795 closed @ 5770
s- 2x 5790 closed @ 5774
s- 6x 5781 closed @ 5774
s- 2 x 5783 closed @5770
s- 5x 5788 closed @ 5770 I'll remember that 5790 -93 test
Hey my first steps!
Time for sleep.

Funny that you did an attack sequence, when you didn;t get much feel.
Remember if you do that and you get caught, the rescue will be very painful.
Experiment this, assume that market kicked 100pip against you on your attack, calculate the damage. Scary isn't it? and this is only mild attack.imagine a full assault. Read my reaponse to Lusan.


thanks
regards
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  #3277  
Old Jul 11, 2008 5:33am
fti
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Hi ALL,

remember, the USD bulls and bears had been at it for nearly a week.
Yesterday, the bears clawed back. But mkt is still in acoil note the cable and yen.So don't get caught with pants down. However the bias is on USD bears.

Back to general quarters , ladies and gents.

regards
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  #3280  
Old Jul 11, 2008 6:52am
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Quote:
Originally Posted by piccolo View Post
maybe its just summer..
Hi,
LOL Yeah summer wierdness?
http://gmy.news.yahoo.com/v/8764545

OK I am done for the week.
Something to ease the nerves.




regards

Last edited by fti, Jul 11, 2008 7:20am
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  #3301  
Old Jul 13, 2008 8:28am
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Quote:
Originally Posted by Green_David View Post
Dear fit, lilpip, Zenseven, Lusan, Zoran and other friends:

Since June 6 to June June 25(the day FED announce rate decision), I was doing OK with my FXsol account, got about 250% profit.

On June 25, I longed G/U around @9680, out around 9710. Squared, with no positions before FED decision.

Mistake No.1: After FED decision, the price resumed up-trend, while I was testing a trading platform and missed the opportunity to set up long positions.

Mistake No. 2: Since I missed the best oppotunity to long, You decided to kill yourself self by trading against the trend on day 26, I started to short, assuming ( making an ass of you and me ) G/U will have at least a pullback and bearing mind of avoiding chasing the market. Look at hourly chart, it is a shooting star(GMT +6), isn't it? I made a mistake from the beginning, chosing the wrong trading direction.

When the price turned against me, I reduced my positions. The problem is the reduction is not enough. so you decided to rescue against the trend The price moved too fast when passing 9760, and I didn't set stop loss order(I don't want to a sitting duck). This time, the patience is not a virtue but an enemy. Patience looked more like egor So I was stuck.

I started rescue operation by adding more positions around 9860~9880 averaged the price to 9820. The book loss is still with my threshhold. So you wondered that since you were invincible , you can do anything you like

Mistake No 3.: On June 27, the price went down to 9803 and gave me a chance to bail out. But the problem is: that was only a spike, I closed some positions around 9330~9340, but not all. Then what is worse, some rescue positions were also trapped. The position size is already in danger.and as you were the market , you can dance as you like, the market gotta follow you, it would not be otherwise , How would the market dare to get back into trend without giving your invivibility the chance to get all your positions out first, This is not possible, you are invincible and you are well capitalised.

Mistake No 4: I saw the price couldn't break out 9900, and in early NY session when price went up again to 9900, I started to short from 9880~ 9900. But this time, the price broke through 9900. And more rescue positions trapped. I found out the position size was too heavy, cound not make further rescues.What condesending behaviour , the market thinks that they can continue the trend without giving you profit first. You will show them, You got more money to back your positions then the market can trend against.

Finally, I got a MC on June 1, with a shame that the highest price was just 10 pips higher then the MC price, and 4 days later G/U went down to 9650. If my positions were still there, 150~200 pips profit if closed @9650!
What the...., now we will drown, why did you do that,. Well sorry, I couldn't help myself, It's my ......

There are some things I need to think about.

1. From 9720 to 2.000, when I was trying to rescue bad innitial positions, in effect, I was trading against the main trend of my trading time frame. If I just closed the bad positions and follow the trend, wouldn't that be better?

2. Why not closed my initial bad positions when G/U passed 9760? Maybe I don't want to be a sitting duck, but one hour later, when price broke up 9790, surely break-through of 9760 is not stop loss sweep. And then why not put a stop loss order this time? Maybe I could be a sitting duck, but so what? Capital preservation is more important than being a sitting duck for once or twice.

3. When price broke through 9760, why not gave back some profits to the market in change of capital preservation and risk control?

4. Actually, I did some successful rescue operation when the price reached 9880. However, the initial dead-in-the-water positions had -150 pips loss, and effective rescue range is only 60 pips(9890~9830, 9830~9310 is only a spike which last less than 5 minutes).

And I have be honest to me, for a range of 60 pips, I could make only 10~30 pips profts. Let's take 20 pips, so in order to save 150 pips loss, you need about more troops of 7 times of initial positions. Wouldn't that too harder than just take loss from the begining and traded while following trend with 7 times of troops?

Dear fti, sincerely, would you point out my mistakes and give me some advice. I am suffering and upset about serious drawback. You see, I am doing ants job and build up profits, but suddenly, several days drawback sent me back to the initial status.

Confused and troubled: David
Hi David,
If you allow egor to think for you while you count your profits, then you will earn this lesson again and again until you learn to recognise egor.

I wonder what I can teach you. Maybe I should let some here teach you instead.
This trader here has good mindset, you may recognise him.

Quote:
Originally Posted by Green_David View Post
Thank you fti. I will always remember your saying dancing with the market. I think it is great thought beyond mechanical technical analysis.

So, for trend determination, we must see the chart not think/assume by ourselves. If the sign of trend is not clear, be patient and wait standby with no positions.

So, when you carry the positions over night. You will reduce the size to a safe level as no need to place a stop loss. I see.

Thank you very much. Looking forward to your Chinese story, I wonder if I ever heard of .

Cheers.
Any ways
Analysis = who needs that.
Trade in line with trend = failed ,

mindset : Trade counter trend
patience = failed , so market didn't wait for you, teach it a lesson, trade against it.
rescue in line with trend = failed, nevermine the trend , you can rescue any dead in water positions. You are king of market.
flowing into the trend = against, You will teach the market not to respect you.
humility to market's lead = failed, but you are king , right?

Dance : You are dance master, so market must follow you. No other way. There's no terrain that you cannot handle, you got MM, and thats all thats needed. No need to babysit this chaps , you gotta the $$, huh

MM : You got the $$, you can attack , even when in adversity, Super skilled.

Capitalisation : You got the big $$, no sequense can take you out. Can it?

Well wonder what happened, maybe its a fluke.

regards
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  #3303  
Old Jul 13, 2008 8:56am
fti
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A possibility, Once upon a time.....,

Quote:
Originally Posted by Green_David View Post
Dear fit, lilpip, Zenseven, Lusan, Zoran and other friends:

Since June 6 to June June 25(the day FED announce rate decision), I was doing OK with my FXsol account, got about 250% profit.

On June 25, I longed G/U around @9680, out around 9710. Squared, with no positions before FED decision.

Mistake No.1: After FED decision, the price resumed up-trend, while I was testing a trading platform and missed the opportunity to set up long positions. oops, the trend has resumed, I'm not in.

Mistake No. 2: Since I missed the best oppotunity to long, on day 26, I started to short, assuming G/U will have at least a pullback and bearing mind of avoiding chasing the market. Look at hourly chart, it is a shooting star(GMT +6), isn't it? I made a mistake from the beginning, chosing the wrong trading direction.
Where can I get in on this party. Should I send out the scout?, Whats, the volitility sequense? Lets see where the market allow a time window for me? Will this trend RUN?

When the price turned against me, I reduced my positions. The problem is the reduction is not enough. The price moved too fast when passing 9760, and I didn't set stop loss order(I don't want to a sitting duck). This time, the patience is not a virtue but an enemy. So I was stuck.

I started rescue operation by adding more positions around 9860~9880 averaged the price to 9820. The book loss is still with my threshhold.
Ah the scouts good, some quick attack will put the scout out of range to be endangered.

Mistake No 3.: On June 27, the price went down to 9803 and gave me a chance to bail out. But the problem is: that was only a spike, I closed some positions around 9330~9340, but not all. Then what is worse, some rescue positions were also trapped. The position size is already in danger.
Well is this 1st wave, or second wave? How aggressive can I attack safely?


Mistake No 4: I saw the price couldn't break out 9900, and in early NY session when price went up again to 9900, I started to short from 9880~ 9900. But this time, the price broke through 9900. And more rescue positions trapped. I found out the position size was too heavy, cound not make further rescues.
Oh good, another impulse, great, I got good profits, on attack as well as scout.
So how can I protect the profits , while staying on the trend,

Finally, I got a MC on June 1, with a shame that the highest price was just 10 pips higher then the MC price, and 4 days later G/U went down to 9650. If my positions were still there, 150~200 pips profit if closed @9650!
the trend seems deep in, must be nimble now.

There are some things I need to think about.

1. From 9720 to 2.000, when I was trying to rescue bad innitial positions, in effect, I was trading against the main trend of my trading time frame. If I just closed the bad positions and follow the trend, wouldn't that be better?

2. Why not closed my initial bad positions when G/U passed 9760? Maybe I don't want to be a sitting duck, but one hour later, when price broke up 9790, surely break-through of 9760 is not stop loss sweep. And then why not put a stop loss order this time? Maybe I could be a sitting duck, but so what? Capital preservation is more important than being a sitting duck for once or twice.

3. When price broke through 9760, why not gave back some profits to the market in change of capital preservation and risk control?

4. Actually, I did some successful rescue operation when the price reached 9880. However, the initial dead-in-the-water positions had -150 pips loss, and effective rescue range is only 60 pips(9890~9830, 9830~9310 is only a spike which last less than 5 minutes).

And I have be honest to me, for a range of 60 pips, I could make only 10~30 pips profts. Let's take 20 pips, so in order to save 150 pips loss, you need about more troops of 7 times of initial positions. Wouldn't that too harder than just take loss from the begining and traded while following trend with 7 times of troops?

Dear fti, sincerely, would you point out my mistakes and give me some advice. I am suffering and upset about serious drawback. You see, I am doing ants job and build up profits, but suddenly, several days drawback sent me back to the initial status.

Confused and troubled: David

DAVID,

MINDSET !
The ART OF WAR, SUN ZI
DON'T BUCK THE TREND, IT IS YOUR ONLY FRIEND

RESPECT THE MARKET, be humble


even, when you were caught on the first rescue, didi you reference your hourly chart for trend bias?
did you reference , the volitility of the impulse?

you rescued against trend, this is the hardest, were you nimble?or were you fearless?
What is the standard and technical defination of "trend"?

regards

Last edited by fti, Jul 13, 2008 9:15am
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  #3307  
Old Jul 13, 2008 10:07am
fti
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Quote:
Originally Posted by Green_David View Post
I did check the 1 hour reference. I know it was very dangerous. In fact, I reduced some rescue positions with small profits befor I went to sleep. And the averaged price increased from 9780 to 9810.

The next day, due to weaker than expected data, G/U did go down as low as 9803. But it was a stop loss spike, it did not go down any more. I reduced some positions, but again not enough. And then G/U went up almost 80 pips higher right after I closed some rescue positions.

By that time the book loss was still in control, ie. less than 10%.

The disaster is mistake No. 4, because I was trapped another 100 pips already, and I openned more positions to average down, but this time I lost alert and clear mind after long hours of my work. The 9960 was not resistence any more.

Regards.

David

P.S. The same case with E/U and G/U now. To long on E/U? It is right, I don't know, I am squared and still enjoying my R&R, thats market bias only, I only know how to follow market, I have no crystal ball.Markets are still in coils.since it is definately following the trend. But it could also be possible that maybe chasing the market and longed at the top, if we see the long tail of G/U and U/J.
Hi David,

Differing MO and mindset.

regards

Last edited by fti, Jul 13, 2008 10:19am
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  #3308  
Old Jul 13, 2008 10:11am
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Quote:
Originally Posted by rapaduski1 View Post
Hi all,

David, I just read your last post and would say that the actual candle after your circled candle is an engulfing candle that would scare me to death( correct,trusting analysis on one candle and pridictive mindset dangerous, must see continuity and compounded patterns. you may trade position but adjustment to upcoming patterns critical due to candle traps. This is weakness of many rigid analysts) especially given that the trade is against the 4H trend. Perhaps in the future, when the imaginary candles do not develop, you are just better off killing the counter-trend trade and riding the trend up, which seems clear as the day developed. In know, paper trading is always 20/20.

In addition, you seem to use the shooting star candle as the main reason for assuming a move down. I am pretty conservative in my trading, so call me carzy for saying this, but you may want to establish a trading rule that says you must have at least 5 reasons to enter a trade (that would be five facts/observations rather that assumptions) before entering a trade.(this may become rigidity perspective, careful there,)

Rap
Hi Rap.
dangerous Mo as well due to rigidity.

regards

Last edited by fti, Jul 13, 2008 10:30am
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  #3310  
Old Jul 13, 2008 10:41am
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Quote:
Originally Posted by luSan View Post
David, I have been there and I know your agony.

You fought the trend and that is not good.

The basic problem is that we get use of fighting the trend with the believe that it will always revert and that is not true at all; there will be case in which we find so far away that MC could happens or we cannot take the bleeding anymore. In my case I lost 1.5% only and that was enough to put into an extensive review of my approach. What is the value of a high success rate when all our ant work could be destroyed by an careless fight against the trend? None.

Do you remember when I was saying that we need to decide when to pull the plug, when to say 'Ok, I am wrong." That limit is different for each of us. I think that we need to set that limit BEFORE we begin the dance, because the dance itself will blind us. The dance will not blind you, it is you that is blinded from the dance. By our own ego. As clearly is the case for David.He was so focused on that he knew her moves watch her ams and didin't see her legs kicking to his groins.And even when they did He didn't felt that it had hit critically and still focus at the arms because he felt that he couldn't be wrong. That's egor.Yes, we will not win as often as before, but we will preserve our capital to fight some other day.

Because of my previous problems similar to you I put together my '10 commandments". Your trade violated 3 of them: never trade against 5M trend, never stay on a broken trend, never trade without a relaxed and clear mind."

I looked to your chart and marked the trend and my 'drop dead line.'

What to do? That is easy: (1) Review your basics: you were rescuing against the trend, rescue is done only for timing, He knows this one, he even wrote a posting about it some time ago, I am too lazy to try to find the posting though.(2) Review your size and dance, (3) Rebuilt your confidence.

Let us not forget that we are learning his strategy. fti told us that it would take about 2 years to get some competence, and he also said that large size and aggresive trading are premature, that we need to go slow and easy. I believe him very much and I do microsizes...I see myself I am NOT a trader but a student of his strategy.

I hope this help.
Hi Lusan,
thanks for highlighing.
Not babysitting exposure carrying loss over night and attacking when adverse, thats too dnagerous, no excuses valid.

regards

Last edited by fti, Jul 13, 2008 10:53am
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  #3316  
Old Jul 13, 2008 12:01pm
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Quote:
Originally Posted by rapaduski1 View Post
I am not sure what you mean. Late for what? I am just saying you need some guideposts before you make a trade. For example (and the examples are endless):
1. Am I entering with the 4H/Day trend?
2. Am I entering with the 60M or 30M trend?
3. Am I entering after a new support or resistance has developed in direction of trends?
4. Do I "sense" momentum entering the market?
5 If this goes against me, can I live with a pain threshold as indicated on an upper compression chart?

My only point is, if I am going to enter a trade, it act of entering the trade is based on facts and observations of the market and the dance, not wishful thinking. Hoping before a trade is worse than hoping after entering, I think.

This is an interesting discussion, so I hope we can keep it going for a bit.

Rap
Hi Rap,

I understand your comments ,they are clear.
But 4 hrs trend, half hr trend, I never had consideration, in that aspects.

What Lusan mentioned, is correct, with rigid patterns analysis, you shall utilmate be impaired by them , likely that you will be late or disadvantaged in your positioning.

regards
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  #3320  
Old Jul 14, 2008 12:51am
fti
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Quote:
Originally Posted by rapaduski1 View Post
Hi fti,
Agree about being late sometimes and it is a disadvantage (a frustration, too). I tend to look for the center cut of the melon and sometimes the whole darn thing passes me by, but I find that there are many opportunities each week. You are absolutely right, as per my own experience (I need to switch to decaf coffee, too).

One thought about this discussion that is going on now. We are jumping between MM and trade execution in our conversations. It seems, however, that a discussion about MM in the context of, what all agree on, was a bad trade may not be in our best interest. I think that a trade against the trend is a mistake, and probably should be killed right away. An attempt to save a bad trade against the trend is a MC waiting to happen, as in this case. Fti, is it appropriate to say that when you discover a trading mistake (e.g., not a timing issue but against a major trend) that you need to head for the door and protect your margin? Again, perhaps too ridgid?

Rap
Hi Rap,
Killing scouts is not a good way to "dance".
Its function is to keep focus on market activity, as a conduit for market form, if you like.
Its positioning is of no consiquense to trade but to lead.
If scout is dead in waters, it is allowed to bleed. The followup action when bleeding stops is subjected to its position and the voli of the markets, the higher the voli, ad the sigma, the more likely it is that the scout would be replaced by a new party.On low voli intrutions, the scout is benchmark for attack.

Like youmentioned, indiscriminate killing of scouts is rigid mindset, in so far as my MO is concerned.

regards.
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  #3322  
Old Jul 14, 2008 12:59am
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Quote:
Originally Posted by lilpip View Post
g/u
1xb 9835 scout in
lilpip
the standard protocol for position reporting on blotter is, in your case

G/U
BOT x 1 x 1.9835

please pay attention !

regards

Your scout seems good you bot near the low of the day,
So whats your MO now?
what mode should you be in?
whats the safest skew based on market volitility?
Whats safe attack look like?
Whats safe rescue look like?
Estimate your rescue threshold.

Last edited by fti, Jul 14, 2008 2:41am
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  #3323  
Old Jul 14, 2008 1:19am
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Quote:
Originally Posted by Green_David View Post
@zenseven, Lusan, Jest

You advices are taken. Thanks.

However, please read carefully. I didn't open positions after that shooting star. The shooting star was formed after I fininished scout and first attack. In this sense, I was right at least temperarily.

I realized the following 5min and 15min candles indicated me some doubts, that's why I closed some positions.

The problem is either I did not close all, or the reducing the size is not enough.

Making mistakes occationally are unavoidable. What is more important is how to deal with mistakes and what learned from the mistakes. In the battele field, in the real-time fight, it is not that easy.

@ fti:

Thank you for reminding me my mistakes again.

"Know your enemy and yourself, you won't lose 100 battles". As I said I only discuss my mistakes, not successful trades. You did it right, of course you make money.

The trading is an unnatual business. Full of conflicting ideas:

Steadfast vs. nimble
Prompt actions vs. patience and more confirmation
Confidence vs. ego
No guts no glory vs. conservative in MM

Need balance.
David,
you are wrong,
trading is the most natural business, esp markets as it is freely traded.
There is no conflicts at all, its all your MO, thats confusing you.
You are confusing yourself.
Crisis is opportunity in adversity, you are chinese, you must know this, should you?
Steadfast in riding and manouvers.esp to MO.
nimble to change.
Prompt actions when the time window opportunities opens.
Patience when the terrain is unclear.
Confidence in your analitical ability and contingency capacity.
Ability to subdue ego, and follow the markets lead and hints.
Guts - Ability to risk without panic and disorientation.
Conservative when in doubt or when position is adverse.

Where is the conflict?,
You have conflict because your skills may be unpolished.

Enough of hammering, reason with the man in the mirror.


regards

Last edited by fti, Jul 14, 2008 2:04am
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  #3325  
Old Jul 14, 2008 2:17am
fti
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Quote:
Originally Posted by Green_David View Post
Got it, and taking these words into my heart. So, there is context!

Shifu has some temper. Please accept my applogies if anything I said annoyed you. I am still learning and refining, especially fighting some bad ego element.

Have a nice day. Many thanks to you. I will report my trading 3 weeks later. Wish it would not shock any body.

Regards.

David
Hi David,
Make no mistake, I am not angry at you.
I am trying to hekp you get your thinking correct.
You made much mistakes, in this trade.
Your Mo and dance sequense is completely out.
You should ave make good , this round.
I am disappointed that , you did not hold steadfast to basics, if anything.

Remember , your success or failure is of no consequense to me.
If you wanna learn and get it right, you have to think and adjust.
The ball is in your court.
Sorry , If I called a spade , a spade.

regards

Just for info, You will know when I am angry at you.
When I refuse to speak to you, then I will actually be angry.

Last edited by fti, Jul 14, 2008 2:33am
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  #3326  
Old Jul 14, 2008 2:43am
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Quote:
Originally Posted by lilpip View Post
g/u
bot x 1 x 1.9835
mo if trade goes the way I plan which so far it is, when the 9825-35 area tested again eyes are open to the action.
If heads up past 9865, starting to eye for attack.
dont know what mode r skew means yet- skew of attack? 1x3x6
Most trades closed by fridays highs.

1st resque attempt would be in 9815 area,9787,9759
attack I guess depends on the movement of 7 5min.bars and how they unfold.
hey lilpip,
what have you been doing, sitting on your scout?

regards

Just that you know , eagle eyes now, London boys are coming in soon. watch for action.

Notice cable yen crosses in progress.
Entry on stealth mode.

watch it, USD bears in action now. 1st wave

Last edited by fti, Jul 14, 2008 3:03am
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  #3328  
Old Jul 14, 2008 3:11am
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Quote:
Originally Posted by lilpip View Post
yes, probably hit it real hard for 40 pips
9865-9820==45
refrain from predictive dreaming, watch it for form.
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  #3335  
Old Jul 14, 2008 3:41am
fti
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do not chase in size, watch that USD/YEN.
may be usd bear trap, be nimble.
remember we are still in USD daily chart coil.

USD/Yen buckling.
pressure from cable
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  #3337  
Old Jul 14, 2008 3:51am
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Greenbag bear loosing steam, within coil, lickly insideday range play.
watch your position sizing.
3 kdm out of line, no trend.

If mkt sweeps, I shall be off line, watch you own behind, pls
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  #3344  
Old Jul 14, 2008 8:19am
fti
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Member Since Nov 2007
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Hi,
What a balls breaking day, nothings moving.
Freddie and fannie Mae seems to be the talk of town,
For the time being , the USD bulls seems to have much ammo.
Whether they will behave is to be recon from the charts.
Bewary that the ground may be shifting to bull USD for a little time.
Oil prices stabilises,?? funny.
The equity market like to take the bull by its horns.
Wonder whether this is true bull or just BS.
The coil continues.

Oh,,,, patience, and its virtues, not even enough range to scalp.
Thank God, I had to run some errands, would have overload on the coffee, otherwise.

Trade well, hope the markets moves. One way or another.

regards

Last edited by fti, Jul 14, 2008 8:35am
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  #3347  
Old Jul 14, 2008 9:08am
fti
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Member Since Nov 2007
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Hi,

Ah, no USD bull, bear USd bias was correct.
No Bull USD in sight still.
Cable , she was telling the truth.

any one got anything to say,??? or highlight?

oh my God, I eur/usd
Bot x1 x 1.5875
Bot x1 x 70
Bot x1 x 67
Bot x2 x 63

this is my base x5 aka scout
strategy impulse range, no attacks expected, nevertheless we will see, as we go along

Last edited by fti, Jul 14, 2008 9:36am
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  #3348  
Old Jul 14, 2008 9:38am
fti
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bot x5 xeurusd x1.5867
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  #3350  
Old Jul 14, 2008 9:50am
fti
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Quote:
Originally Posted by maheswara View Post
im out with profits was scalpin a little to buffer out , in the end all out with small profits , will watch n see if bear trend resumes in usd ...
Hi
Seems Usd bears abound.
with all the bullishness in USD fundamentals, sure is a disappointment.
Stay nimble still, not out of coil yet.

watch closely.
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  #3352  
Old Jul 14, 2008 10:01am
fti
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Member Since Nov 2007
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hearing one bank gone chapt 11,
Who??
Indymac
eurusd
s x 2 x 1.5906
s x 5 x 1.5900
s x 1x 1.5897
s x 1 x 1.5895
s x 1 x 1.5891

now squared

Last edited by fti, Jul 14, 2008 10:13am
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  #3356  
Old Jul 14, 2008 10:23am
fti
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Quote:
Originally Posted by maheswara View Post
how can u be done for the day ... its hard to leave the market ...
system crashed.
migrated to another comp

oh, missed communicate.
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  #3358  
Old Jul 14, 2008 10:36am
fti
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Member Since Nov 2007
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I am missing 2nd wave.
unable to reestablish Eur, due to comp system.
not chasing

now,

so lusan , u are squared for the day?
any news on Indymac, cannot confirm rumour, here?
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  #3360  
Old Jul 14, 2008 10:55am
fti
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Member Since Nov 2007
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eurusd
B x1 x1.5906
B x1 x1.5900

B x1 x1.5895
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  #3362  
Old Jul 14, 2008 11:07am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by luSan View Post
FED took over...and the the big news is that Paulsen will back up Freddy and its wife from collapse...a lot of cash out...so dollar to hell...

----------------------------------
http://www.bloomberg.com/apps/news?p...ayI&refer=news


http://www.bloomberg.com/apps/news?p...d=asjjcSb_jbzY

IndyMac, LandSource, Uni-Marts, Bag'n: Bankruptcy (Update1)

By Bill Rochelle
July 14 (Bloomberg) -- IndyMac Bank FSB, the largest savings-and-loan in Los Angeles and the 10th-largest in the U.S., was taken over on July 11 by the Federal Deposit Insurance Corp. It had assets of $32 billion and $19.6 billion in deposits at the end of March, the FDIC said.
Banks and savings banks are ineligible to reorganize in Chapter 11 or liquidate under Chapter 7 of the bankruptcy laws. Instead, the FDIC runs a bank until it sells the assets.
The FDIC said the takeover of the 33-branch bank is expected to cost the insurance fund between $4 billion and $8 billion to cover deposits within insurance limits. The FDIC said there are $1 billion in ``potentially uninsured'' deposits.
Thanks lusan,
seems like old news.
market would have discounted,
could be something else .
thanks for the info.

regards

Thanks Zoran, was not reported here. I must be getting too soft.

now scout downgraded to 1

s x 1 x09
sx1x 09

ok, we'll let that scout snoop around for a while.
Lunch for early NY coming up.

any things to discuss?

Last edited by fti, Jul 14, 2008 11:19am
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  #3364  
Old Jul 14, 2008 11:25am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by maheswara View Post
had bad experience with this part of the session last week...
3rd July , US market closed half day n i didnt realize that , was stuck with a rescue mission in the midnight with a non moving market , was awake till breakfast time ...
Sir , you are in singapore if i am right , our timing must be somewhat similiar ...
Hi maheswara,

Goodness, that must have been horrible,
It can happen, esp if you are trading alone. Can't remember everything. esp with fast markets.

paste a timetable and calender print near your computer, if you can.
Better , find a trading pal, you may be reminded if you talk to him/her about market form, shouldn't be both blur.

In case you didn't know, FF has a calander of events on this site.


yes, we are same zone.

regards
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  #3366  
Old Jul 14, 2008 11:44am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by maheswara View Post
Yup , i check the calendar first thing in the morning , that half day us session was not stated that day ...
guess Im squared for the day too , have the info tomorrow some earnings coming out , saving energy for tomorrow ...
its almost midnight in singapore , you are not goin off yet sir ?
No. still got a scout out there.

listening to music while waiting for Ny boys while they have lunch.lol

Hibari doing Kyuu Sakamoto's song
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  #3368  
Old Jul 14, 2008 11:53am
fti
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Quote:
Originally Posted by auxesis View Post
Indymack was taken over by the FDIC, losses expected to 9Bil. Insureds wup to 100k will have their deposits insured, those holding over that are looking at 50% on the dollar.

FDIC has something like +50Bil to back up deposits, before Indymack, there are some 90 other banks in trouble with a reported total of 28Bil deposits.

I heard this over the weekend on the tube.

fwiw.

a
Hi auxesis,

looks like the fed's gonna have their hands full again.
50cts on the dollar is ok, was guessing like 20cts to 1

regards

seems there may be another wave in the eur/usd after lunch, patterns clinging to top, wondering how far they wanna sweep before it happens.
Any feel, ppl?

sharks, spoke too fast,
patience, wait for the time window.
mkt pre ejected, USD selling orders may be aggressive.
Yeah its showing up in all kingdoms, so gotta be orders.

Battle stations ppl , the baby's moving

Last edited by fti, Jul 14, 2008 12:08pm
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  #3371  
Old Jul 14, 2008 12:23pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Hi there!

Anyone dancing with U/J?
I'm waiting for a new short entry, after I have squared my short position @ 106.17 (incl.scout) ...
Nope, not there.
But I can tell you, your windows already open.
And she's lagging behind the others.

That cable, she gona along way, lloks like she's gonna blow thru tops, but she's missing one leg though.
Is this the start of something, dunno, gotta watch carefully.
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  #3373  
Old Jul 14, 2008 12:29pm
fti
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eur$
b x1 x1.5915

order b x2 eurusd x 1.5925stp

order rejected

b x2 x1.5927
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  #3375  
Old Jul 14, 2008 12:49pm
fti
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Quote:
Originally Posted by MaMood View Post
Hi fti!

What's the meaning of stp abbreviation?
was it a buy stop order?
yes it was.

Sold x 4 x eurusd x1.5922
now squared


order buy X2 x eurusd x 1.5915 OB
unable and CXL

bot x7 eurusd x1.5934

Last edited by fti, Jul 14, 2008 1:06pm
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  #3380  
Old Jul 14, 2008 1:13pm
fti
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Quote:
Originally Posted by auxesis View Post
anything can happen but it looks , imho, the market may be done for today, rangy chop chop for the remainder and set up for tomorrows fireworks.

regards,

a
we'll see how CME boys are doing,
if they caught with USD , boy it'll be fireworks,
but again, may be like you expect.
but my charts say try push, so I go.
the unintelligent trader.

She says tango, I tango,
She say slow dance , I slow dance.
I do the work. she pays for the obedience.

it ain't over till the fat lady sings.


bot x3 x eur usd x 1.5927

Last edited by fti, Jul 14, 2008 1:30pm
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  #3383  
Old Jul 14, 2008 1:44pm
fti
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position bleeds now.

anyone feeling the pain?

Bot x 5 x 1.5914

mild rescue delay due to system hung.

My God, horendous timing.
Here comes, out timed.

Last edited by fti, Jul 14, 2008 2:16pm
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  #3385  
Old Jul 14, 2008 3:03pm
fti
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Quote:
Originally Posted by MaMood View Post
Hi fti,

How are you doing?
are you still in rescue mode?

By the way: Does your broker have system probs? or your internet provider? or your computer?
Such kind of probs are making me anxious. You can loose a lot of money just being a few minutes offline ...

Hope you got your probs solved....
Hi MaMood,

For trading outside of institutions, we have little recourse as we are dependent on the internet. It will never be as robust as the banks access, as they spend millions on sysytem backup and line access.
It is not clear where the weakness is. The weakest point in the access chain is the strongest robustness.
This is the reason why , contigencies and capital buffers must always be in position for wierd eventualities. This access risk is inevitable for retail forex trading.

sold x 5 x eurusd x 1.5920

yes mahmood,
I am still engaged in my position rescue.
Could have done better, but was unwilling to expose the normal skew, due to coiling of the patterns.
Dealers and traders we have out work cut for us, there is nosuch liberty as time restricts and availability restricts. Further mindset robustness and coherant risk management is integral part of the prerequisites of the business.People think thsis business is easy money, that , is the archelles heel of many uninitiated.

As you may have noticed, sometimes, we burnt our candle both ends for noughts, but if we didn't then we fail.

regards

sold x3 eur/usd x 1.5921
sold x4 eur/usd x 1.5923

Last edited by fti, Jul 14, 2008 3:17pm
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  #3386  
Old Jul 14, 2008 3:22pm
fti
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sold x3 eurusd x 1.5923

now squared.
looking to reestablish scout for carry trade.

OK, these has been a couple of follow the dancer sessions.
I hope that many who do not understand, will after having seen it live, will have a better understanding and feel as how to dance, with the correct mindset, MM and capitalisation.

A pot of roses was never promised.
However if you are dedicated, and progress diligently, with a level mind on your shoulders, you may just make it to the pinnacle.

You have seen how I do it, you may be a little unsure why you cannot find a rigid regiment to follow. This , non rigidity coupled with the necessary ingredients , which I have always emphasised will stand you good , if you can put it into practise.

As you have seen it done, now, do it for yourself.
Do you have what it takes??
Only you can answer that question.

I shall be around as much as I can , in case of any questions, you may like to ask. But I will not be available as regularly.
I may do more show blotter guided trade sessions again, if they is critical need for such, and to my convenence if fits.

Its the deep end , if you take the plunge, either swim or sink.
Its all you.

Trade well.
Good Fortune.

Last edited by fti, Jul 14, 2008 3:51pm
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  #3398  
Old Jul 15, 2008 4:32am
fti
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Quote:
Originally Posted by MaMood View Post
Hi fti!

What's the meaning of stp abbreviation?
was it a buy stop order?
Hi MaMood,

When this was asked I was in the thick of running battle.So the reply was short.

At that point , I was bargaining for better prices, to get into the party.(looking for better entry buys.)
As the bargaining was in progress, I detected subtle advancement in the other kingdoms, so I put a stop buy just in case I hadn't got on board, and the party started.
This is one order strategy, that can be used to acertain to be on board in case of runs.

However as this entails buying or selling into break out zones, You will be disadvantaged in price , not withstanding bad fills. (execution as some would put it) in fast markets.

Some robotic traders like to use this methodology to trade. I must coaution that this methodology is not best practises and should be only used with caution and only when absolutely necessary.

regards
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  #3400  
Old Jul 15, 2008 4:44am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Thanks a lot for showing us some real time trading sessions. They have been very important for understanding the way you dance - at least to me.

Thanks for all your time you spend with us.

Have a good time and of course a lot successful trading sessions!!

Bye for now.

MaMood
Hi Mamood,

Hey , its not like I am going away.
Its just that, trading and handholding others while doing so, is actually very disruptive to mind flows not eithstanding that it is tiring for me. So I wouldn't want to like have to do this too often. Moreover some people likes to say unbecoming things about this activity.

So while you are learning, I shall be around sometimes to help , if there are problems or issues that you may like to enquire sometimes. There's many good people around, and I am sure they would chip in with their thoughts too.

regards
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  #3401  
Old Jul 15, 2008 4:54am
fti
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Member Since Nov 2007
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Hi All,

Somethingy off my chest.

Since my introduction to youtube, I have discovered that some of my best liked music is accessible from there, and have discoved some that had eluded me too. In alot of ways , I am like found a new toy . I like this , from the alternative of having to did into my media and collections room, cluttered with so much that it is difficult to find specific items sometimes.
The only downside is that I am becoming a little LoFi. Moreover with times catching up on me my hearing isn't as Hifi as I would like.

But if my posting of my music doesn't hit a chord with you. Please just ignore it.
I just though that I'd share some nice music (at least to me) with you. Music helps me unwind and even boost my feel at times while I trade. I know it isn't for everyone, so its not a prerequsite for trading skills.

regards
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  #3403  
Old Jul 15, 2008 5:19am
fti
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Member Since Nov 2007
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Hey Hi Leighsww,

Welcome, sis, missed you much.

Yeah David's been at it again.
Nevermind, He lost money only, His determination to find the answers and his telling us about it, helps some who may need it. In the longer run, I think he'll get his act together.

Sometimes, people tend to overload knowledge, thats when they drift away from basics. His case was baically overconfidence with a dash of exzzzzubrance.
Now , with the $$ gone,, he'll come down from cloud nine, back to earth.

Hey, for you deviating from my MO. That's OK, So long as you hold to the basics, just tweak it as you go along. Use what works for you, and dump what don't.
Like you said, we are all grown up, and we should be able to recognise whats good and whats not.

I am very glad that your book is well and healthy.That means that you are doing right, thats what counts, sis. The bottom line is what really counts.Lots of mumbo jumbo with bad bottom line , means little.

So stay around and help some here, won't you.You know, my exuberance may not be the cup of tea for some. Some here would do good with some whipping and tough love from you.

regards
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  #3404  
Old Jul 15, 2008 5:36am
fti
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Quote:
Originally Posted by fxa View Post
Dear fti, where and at what price did you decide to send that squad into battle?
I'm guessing, that it should be lower, than at 1.5914...
Thanks,
fxa
Hi fxa,
the spot is marked on your chart.
That was a reluctant rescue, as a proper rescue would have been 21 sized.
but thats too much as my undertone was "coil status".
So I added half of exposure to get everyone home. moreover I was running out of clock space.

at the end of the day, and after great lost of hair, all came back fine.

regards
Attached Images
 
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  #3405  
Old Jul 15, 2008 6:00am
fti
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Quote:
Originally Posted by MaMood View Post
Hi fti!

Just a question to your yesterday session:

Could have done better, but was unwilling to expose the normal skew, due to coiling of the patterns.


Your blue marked statement above. Is this not a kind of predicting the furture?

I always have problems to determine between having "some expectations" for the market due to candle formations and so on and predicting the future (You know, the often cited fortune teller...).

How do you draw the line between legitim "market expectations" and "fortune telling"?

Thanx in advance.
Hi
No MaMood, that was not meant to be predictive. That was my undertone.
based on what i saw in the charts, it was coiling and kingdoms were in conflict. My undertone was that there would be USD bear bias, so I decided to tone off the normal skew of attack and that attck should never go deep unless backed by good foreign capital for ability to risk. Thats why , the attack was mildest as possible. Of course the profitability recipocrates.

If you noticed after the attack, the skew went into level down. That faclitated reacue possibility, otherwise the rescue would be sized up. And even that inward spiral, took risking most of initial profits, to recover.

All trading , insist on traders to have a bias from pattern analysis. This bias , must never be used as "absolute", sometimes the bias is on the ball, sometimes it is off course. This bias should only impact the basic strategising of MO and MM, and must never dominate "dance"( ryhthm ) nor "form" nor trader emotions. It is a function of strategy.

The latter must come from the price gyrations and the point of reference for that is in the "NOW". Now , does not mean only price,althought it is of grave importance. It incooperates the price and mode of gyration (movement). It is hard to describe, you have to be in to feel it.

You have to be on live to understand, reading will do little for understanding. If you were following the trades, try recontructing the trade mindset and sequenses of events again, it would be meaningless.


regards

Last edited by fti, Jul 15, 2008 6:26am
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  #3411  
Old Jul 15, 2008 9:10am
fti
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Member Since Nov 2007
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Hi,
Courtesy of Karen, my wife.

For your reading pleasure....here it goes....

The first day of school our professor introduced himself and challenged us
to get to know someone we didn't already know. I stood up to look around
when a gentle hand touched my shoulder.

I turned around to find a wrinkled, little old lady beaming up at me with a
smile that lit up her entire being.

She said,
'Hi handsome. My name is Rose. I'm eighty-seven years old.
Can I give you a hug?'

I laughed and enthusiastically responded,
'Of course you may!' and she gave me a giant squeeze.

'Why are you in college at such a young, innocent age?' I asked.


She jokingly replied, 'I'm here to meet a rich husband, get married,
and have a couple of kids...'

'No seriously,' I asked. I was curious what may have motivated her to
be taking on this challenge at her age.

'I always dreamed of having a college education and now I'm getting
one!' she told me.

After class we walked to the student union building and shared a chocolate
milkshake.

We became instant friends. Every day for the next three months we would
leave class together and talk nonstop. I was always mesmerized listening to
this 'time machine' as she shared her wisdom and experience with me.

Over the course of the year, Rose became a campus icon and she easily made friends wherever she went. She loved to dress up and she revelled in the attention bestowed upon her from the other students. She was living it up.

At the end of the semester we invited Rose to speak at our football banquet.
I'll never forget what she taught us. She was introduced and stepped up to
the podium. As she began to deliver her prepared speech, she dropped her
three by five cards on the floor.

Frustrated and a little embarrassed she leaned into the microphone and
simply said, 'I'm sorry I'm so jittery. I gave up beer for Lent and this
whiskey is killing me! I'll never get my speech back in order so let me
just tell you what I know.'

As we laughed she cleared her throat and began, 'We do not stop playing
because we are old; we grow old because we stop playing.

There are only four secrets to staying young, being happy and achieving
success. You have to laugh and find humour every day. You've got to have a
dream. When you lose your dreams, you die.

We have so many people walking around who are dead and don't even know it!

There is a huge difference between growing older and growing up.

If you are nineteen years old and lie in bed for one full year and don't do
one productive thing, you will turn twenty years old. If I am eighty-seven
years old and stay in bed for a year and never do anything I will turn
eighty-eight.

Anybody can grow older. That doesn't take any talent or ability. The idea
is to grow up by always finding opportunity in change.. Have no regrets.

The elderly usually don't have regrets for what we did, but rather for
things we did not do. The only people who fear death are those with
regrets.'

She concluded her speech by courageously singing 'The Rose.'


She challenged each of us to study the lyrics and live them out in our daily
lives. At the year's end Rose finished the college degree she had begun all
those years ago.

One week after graduation Rose died peacefully in her sleep.

Over two thousand college students attended her funeral in tribute to the
wonderful woman who taught by example that it's never too late to be all
you can possibly be.

When you finish reading this, please send this peaceful word of advice to
your friends and family, they'll really enjoy it!

These words have been passed along in loving memory of ROSE.

REMEMBER, GROWING OLDER IS MANDATORY. GROWING UP IS OPTIONAL. We make a Living by what we get; we make a Life by what we give.

God promises a safe landing, not a calm passage. If God brings you to it, He
will bring you through it.

Pass this message to 7 people except you and me. You will receive a miracle
tomorrow (if you don't think so...look out your window when you wake in the morning and think about it )

If you choose not, then you refuse to bless someone else.

'Good friends are like stars..........You don't always see them, but you know they are always there.

regards
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  #3414  
Old Jul 15, 2008 10:05am
fti
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Quote:
Originally Posted by Zoran View Post
Very wise indeed.

When we achieve all that we want and stop creating, we become "The ALL" and enter a phase of self-destruction. In other words, the living dead.

It's through change and creation that brings life. Now that I have read "Tunnel Thru the Air Or Looking Back from 1940" by W.D.Gann, I realise that love is life!

fti, I think you have passed the message onto more than 7 people. Will you still get your miracle tomorrow?
Hi Zoran,

I got my miracle, a long time ago.And have lived it.
Now the almighty , had created a medium for me to pass it down to others that they too may find it in their life.

The human kind is full of love, mostly things are not shared, because they cannot afford to. We have to be able to afford it, to share. Many don't have enough , therefore it is difficult to share that which they have need for.

If you master what I tried to pass down, you will have abundance to share. Then sharing becomes afforadable to you.
However when you share , you must look after your own scurity concerns.
As when you have much to share, so shall you attract the devil whom seeks to rob you of it. Skill is something that cannot be robbed.

regards
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  #3418  
Old Jul 15, 2008 10:24am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by DutchAngel View Post
Hi fti

Karen's story reminded me of Baz Luhrmann's song
http://www.youtube.com/watch?v=xfq_A8nXMsQ

................................... .................................

But trust me on the sunscreen.
Hi DutchAngel,
Thanks fo typing it all out for us.
The truths of life.It is.

I would like o put my order for my bottle of sunscreen.
OOp too late.

anybody, can help me with turning back the clock?


regards

Oh by the way, the missing cable leg, we are seeing it now.
And some big force is behind the USD and it is making its presence felt.
Funny that I am in the mkt again , people seem hush hush.
But lip service is lip service, the realities will not disappear. So dance the freebee.
When shit hits the fan, it take a long time to clean up.benny boy..LOL

Last edited by fti, Jul 15, 2008 10:40am
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  #3422  
Old Jul 15, 2008 10:46am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Hi, from DowJones news wire:

Bernanke acknowledged that the declining U.S. dollar has "contributed somewhat" to higher oil prices but said other forces - primarily global supply and demand - are the "principal drivers."
He noted uncertainty in the U.S. inflation outlook, but warned the U.S. economy faces "numerous difficulties," suggesting those risks remain his top priority despite a significant upward revision to the Fed's 2008 growth forecast.
Bernanke's remarks Tuesday support the idea that the target fed funds rate for overnight lending will stay at 2% for many months. The Fed cut the fed funds rate by 3.25 percentage points between September and April. That reality has undercut hopes for a dollar rebound against the euro.
Hi yeah, same old story,
Cleaning up the shit is difficult when it hits the fan, and is all over the place.

anyways ,like he didn't know that when he pumped the morphine into our veins.
Denial anin't gonna do much good when the stuff hits the fan.
Battlestations People. You're now commanders.

Dnace it well, don't be flat footed.

regards
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  #3424  
Old Jul 15, 2008 10:49am
fti
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Quote:
Originally Posted by MaMood View Post
By the way: you can watch him live on Bloomberg with this link:

http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV
Thanks for the link, MaMood.

regards
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  #3426  
Old Jul 15, 2008 11:02am
fti
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Member Since Nov 2007
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see those tails, its heavy arsenals,
to counter heavy equiptment, ----mobility.

stay light weighted , move quickly.
flow with it, then take potshots.
don't send in the army, you are outnumbered.
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  #3428  
Old Jul 15, 2008 11:16am
fti
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Member Since Nov 2007
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Pace her, don't fall in love with bias,
Its no time to get sentimental.
Regroup for lunch then eagle eyes her.
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  #3430  
Old Jul 15, 2008 11:27am
fti
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Member Since Nov 2007
Default

Quote:
Originally Posted by luSan View Post
Chief, thanks for giving us your wife gift. I will pass it along.

Yes, I am done again...Enter long...then so the lady changing on me...and quick reversal with 2 waves...I capture the first large wave...over all: 111 pips...Enough for the day.

Although I cannot figure out why the dollar is getting stronger...Ben said that economy is going to hell this year and next one...only if the European drop their rates...but their inflation is getting worse...who knows...I just collect pips and laugh..

leigh, when are you letting see your results?...I am very eager so see your overnight strategy again...I have some ideas about it....I am interviewing for a job and I keep thinking that your approach might help me...

Best wishes to all,
Hi Lusan.
he's signalling that his hold the rates stance may change.
and he may change his stance to favour rate hikes to undo the damage his last action didi.
and markets vv short USD, all scambling to bail out aided by owners.So more snooking of weak holders should come.

Don't think now, anything is possible stay with flow instead. All bias will now be speculative thinking only.

regards

For me today, had been a vv good day. Just buried a dead scout. However the damaged was easily rectified, now flowing with the river, and looking for possible exits later.

The feds is very insistance that the 1.6000 range be not taken out. Note their timing. and the false sweep over it to trap.
For now they have the podium.
Chartwise EUR/USD 's 1.6000 is very resisted . is it gonna be the interim top, who knows?

Last edited by fti, Jul 15, 2008 11:38am
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  #3433  
Old Jul 15, 2008 12:06pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by luSan View Post
Thanks...I did bury that man too...Gosh! the day and hour trends were long...but we ended up going short...that says a lot about not falling in love with the wrong woman..I was feeling sorry for the scout...I killed him!

by they way...oil is falling rapidly on expectation of lower demand from weak economics...I think that they are accepting stagflation
Hi,
not really too bad,
Daily chart reversing very deep, Hourly charts have long tails sticking out. means that evey attempt to rally was snuffed out.
Count your blessings, that it was only one dead scout.
Picture those trading indicators, haven't got wind to it yet.
I guess mostly becomes sitting duck stops somewhere below the market.
if we end today witha reversal bar ., there will be much down side probing in the EurUsd for this wek at the least.
If we manage an outside bar reveral (key reversal) the bottom s gonna fall of the Currencies. There's not enough info just yet, but the momentum seems reversed by the lip service.
I would suspect that some technical incicators are turning ,good luck to them.
Hope they not too late!if it does turn.


regards
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  #3436  
Old Jul 15, 2008 1:14pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Hi fti or other "market whisperers",

may be a silly question, but how do you know that the FED has done something in the market?
Do you know it from your deep experience?
Is it the way the market moves?
Or is it just your assumption?

Thanx!
Hi,

At the bank levels, when they come into the market, their access is thru tier 1 banks, for the feds its the US teir 1s. It depends ,

if they are just checking for info, then friends and interbank brokers of those would know by means of encrypted conversations that big brother was asking.

if it was market ops (intervention) , then the teir1s would be under china wall shutdown and would be operatiing for the CB's behalf. About half a hr later thses teir 1s would inform the media, reuters,AP, IP that the CB was in the market and what they did. And thru the news services , the info would be broadcasted.

There are several patterns formed when these happens ,on short charts, that signify big hands overshadowing the market, by its gaping behaviour and scattering markets, while the load is distributed thru the market structure, that prompts.

regards
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  #3439  
Old Jul 15, 2008 1:44pm
fti
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Member Since Nov 2007
Default

Quote:
Originally Posted by CHFJunkie View Post
Dear fti,

Fundamentally I can't see any justification of the up move started last week, except the takeover of fannie and freddie.
Commercials and large speculators are not supporting this move , they have been unloading and adding to the support of the shorts.

in addition to the record low zew economic sentiment, the eur's main support.

Technically , All I have been seeing was bearish signals then a failure of the signals during the past two weeks.

Now I think this move as an upthrust in a distrubtion range which will be confirmed by the close of today's bar to see how much the market rejects the 1.60 level.
Hi,

Well fundamentally, there is little factors to point to any strength in the greenbag, if any thing the last fed actions had created spill over effects to a devaluating dollar scenario, prompting weakness for a longer term perspective stand point.

However ben's actions today in coming clean about the impact of the fomc actions, and the hinting that monetary policy may change does have a spook effect on the market place.
Just speculating, I would be inclined to wonder , of a fomc that wants to behave reactive to the ground. What if they decide this time that they may have eased the immediate subprime problem and felt that they could test the grounds with a 75basis rate hikein respose to the EU's last actions. What do you think would be the markets reactions.

If you are a USD bear riding, your possitions, wouldn't it be prudent that some profitaking and position realignment would suit. At this level of a major big figure test zone. Coupled with ben's broadcast, many would be prompted to resize, notwithstanding squaring out.

Technically, the chart actions today are indicative of key reversal. On whether this reversal is a major Top, or a precursor to USD strength. well, thats left for us to speculate on.

regards
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  #3441  
Old Jul 15, 2008 1:53pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
By the way: you can watch him live on Bloomberg with this link:

http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV
Oh by the way , Bloomberg requires the use of the evil media player to view.
So if they want proprietary, then they have no chance in hell to get my attention.

Never support proprietary, be kind, as you have so freely received, freely give.
I will never surrender my freedom of choice.

regards
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  #3442  
Old Jul 15, 2008 2:04pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by CHFJunkie View Post
I agree.
but my count here is the EU economy is much more fragile than that of the u.s.
that it can not handle a crisis like that of the u.s.
with the least signal we will see euro dropping like rocket not a stone!

what do u think?
Hi,
your opinion is noted.
As for me I am only market player, so I prefer to follow the market as she dances, sorry my crystal ball is broken.

In my opinion, robustness of economies, is a very subjective topic to discuss. Its myrid facets excompass perspectives that are too wide to allow anyone to come to a conclusive judgement. Only thing I can say is that the US now, have the deadliest armed forces.

regards
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  #3448  
Old Jul 16, 2008 3:05am
fti
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Member Since Nov 2007
Default

Hi ALL,

What a long long day?The pips makes it worhwhile.
Looks like we may be getting into the eye of the storm.
The coils too tight already, london boys stalled.
Wonder whats coming our way?

Cable & yen says sell the greenbag.
trying, but be cautious, Kamikaze scout deployed.

This will not be hand held session .
If you do depend on your abilities, pls.

Last edited by fti, Jul 16, 2008 3:17am
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  #3450  
Old Jul 16, 2008 3:20am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by maheswara View Post
i observed the euro n gbp having 50% more volatility than the yen in term of pips ...
yen bear has reduced its momentum ... 3rd wave didnt break the previous low yet ...

edit : broken now ... looks like bear resuming trend ...
yeap, looks like it for now, careful with the skews and rescues.
No attack capacity for now.

Where's the dang follow thru , stops trigger.
My scout is very very

Wohole world is tip toeing,
don't wake big bro up.

Last edited by fti, Jul 16, 2008 3:38am
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  #3453  
Old Jul 16, 2008 4:31am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by maheswara View Post
yes sir , attack only on wave retracement , now only flirting ...
sir , question on intervention , since you need to trade the currencies into other currencies , which would effect a range of other currencies , does the cb has a pact with the cb of other countries ?
Hi,
Ahh, FF was down for me for a while.

Yes, maheswara, they are friends.
Some better than others, some by virtue of marraige some just casual.

By the way, don't address me, as sir, we are friends.

regards

I keep getting this , is it just me?

Warning: Memcache::connect() [memcache.connect]: Can't connect to xxx.xxx.xxx.xxx:xxxxx, Connection timed out (110) in /includes/class_datastore.php on line 307

Fatal error: Unable to connect to memcache server in /includes/class_datastore.php on line 309
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  #3455  
Old Jul 16, 2008 4:47am
fti
member
 
Member Since Nov 2007
Default

Hi,
slow dance, feels like wellington zone doesn't it?
the scout he's confortable and very
the action seems to be at the queen's court.

Scout came home. Wrote a long report about the traquility of the Eur countryside. LOL

Here's the report, hope you like it,
Bad quality due to length.
Attached Files
File Type: zip Nights.zip (1.65 MB, 475 views)

Last edited by fti, Jul 16, 2008 5:16am
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  #3458  
Old Jul 16, 2008 5:18am
fti
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Member Since Nov 2007
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scout report edited 3 posting up
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  #3459  
Old Jul 16, 2008 5:27am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Hi fti,

maybe the market is awaiting the CPI data for the euro-zone at 0900 GMT before starting major actions ...
Thanks, Possible,but not much we don't know about the CPI
lets see when that get out of the wayif the world wants to tango.

regards
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  #3462  
Old Jul 16, 2008 6:17am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by piccolo View Post
from BBC World:
US regulator curbs short-selling

Bear Stearns is the biggest casualty of the credit crunch
The US regulator has passed an order to prevent some forms of "short-selling".
The rule will prevent traders from taking certain "short" positions in major financial companies, which some blame for the slump in share prices.
It will apply to US mortgage finance firms Fannie Mae and Freddie Mac, which have seen about half the value of their shares wiped out in the past week.

Crack down
The rule, which will come into effect on 21 July, is part of efforts by the Securities and Exchange Commission to crack down on suspected manipulation of market prices.

----
so they might not "nationalize" the big mortgage companies in the end. just stop the bleeding and give room to recover.
Hi picolo,
Wow, has it gotten that bad.
Looks like the systemic core may be damaged.

Its bad when they put the ball in th park for everyone to play . and when things gets hairy,
Change the rules of the game.
Esp stopping the game and taking back the ball.
Dangerous move , IMHO.

The cure may become worst than the disease.
There must be better ways.

regards

Last edited by fti, Jul 16, 2008 6:51am
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  #3464  
Old Jul 16, 2008 7:04am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by joypips View Post
hello fti and everyone

fti thankyou for music, it is appreciated please don't stop
today i see the cross pairs having all the action eg. gbp/jpy
i remember earlier in thread you talking about cross pairs tearing beware, but with so much learning i have forgotten exactly. please could you remind me.

i would also like to mention to you fti that this thread has been the best!!!
i have not had a loss in 3 weeks. mind you i have not had to do a rescue yet, but i think the mindset lessons have helped greatly.

i also feel that the general ambience of this thread and its wonderful contributors have helped .. thankyou all.

fti you have been having little digs at my part of the world (slow and sleepy)
well i think aussie dollar holding it's head high at moment and been very accommodating with swift skirmishes. (leigh may be called upon with that whip )

thankyou again

joy
Hi joypips,

Thank you for your kind words.
I am glad to have helped.

You have the best of both worlds.huh
The easy living and exciting markets.
Australia, that where the King of USD/DMK migrated to after his second heart by-pass. Mukundan he was the best market maker I have had the good fortune to have rubbed shoulders with.He's now lazing around somewhere where you are.He told me that after what we had to endure, that place is like paradise.

But with the advent of internet retail forex, I don't know , he may be at it again. Old Habits die hard.

Trade well and hold steadfast to your development and Mo to sustain your winner's edge.

regards
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  #3465  
Old Jul 16, 2008 10:19am
fti
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Member Since Nov 2007
Default

Hi All,
Eur/usd 1.5865 support is very hard to crack.
and still attempting, outlook now very uncertain.
Best to be aside.
Stop order attempts may help, suspect if crack may be "fast markets"

other kingdom patterns do not support crack possibilities, for now.
stay vigilant.

regards

How are you doing? Lusan
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  #3467  
Old Jul 16, 2008 10:38am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by joypips View Post
hello fti and everyone

fti thankyou for music, it is appreciated please don't stop
today i see the cross pairs having all the action eg. gbp/jpy
i remember earlier in thread you talking about cross pairs tearing beware, but with so much learning i have forgotten exactly. please could you remind me.

thankyou again

joy
Hi ,
Sorry Joy, missed this question earlier.

when major spots do not move in sync , it is normally due to crosses driven by underlying fundamntals, When this happens, NORMALLY the greenbag is not in trend mode. you have to get some experience in watching , the kingdom characteristics to know how to indentify , which is which.
When there are influencial fundementals, as in now they move by their own momentum. (tear from sync activities)
Eg this week, the USD/Yen is tearing from mainstream sync , due to that the swift drop in oil prices is prompting hedgers in Japan who bought USD for oil stockpiles unwinding their hedge.
The underlying dangers on the Japan industry is relief , therefore some unwinding, and the tear happens.

regards

Last edited by fti, Jul 16, 2008 11:28am
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  #3476  
Old Jul 16, 2008 11:47am
fti
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Member Since Nov 2007
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Hi All
was a good USD bull ride, huh.
Very orderly USD buying.
maybe more to come , stay peeled for CME shock, if it comes.

That 's after lunch and i think the luch will be short,
otherwise indigestion, LOL.
I'm having coffee, just to be alert.

one more thingy, if eurusd below 1.5865 by cme closing range.
be watch ful for swarm of moc orders to buy usd.

Last edited by fti, Jul 16, 2008 12:22pm
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  #3479  
Old Jul 16, 2008 12:58pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by lilpip View Post
I've been having a hard time getting a feel for the e/u since ny afternoon session yesterday.
My scout is out @ 5826 as I try to find a rythem.
Hi lilpip,
the direction of the USD is known.
What we cannot tell is , how they wanna pan out.
feels like the game is at the end day sessions.

The market is stabising for USD bear bailout it seems, mild nudge and slowly building up usd seems good strategy for now, and no chasing for USd in the market please.
Let them do it at the end of day.
thats my general feel, its going to try to make usd holders tired and to give them away. I think rap is collecting USD from non patient holders on the thread.
regards
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  #3482  
Old Jul 16, 2008 1:34pm
fti
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Member Since Nov 2007
Default

Hi,
anyone notice how orderly the usd rise is?
some big big boys are buying the greenbag and holding down the dollar to buy.
Sorry, he can get my USD at 3:30 NY afternoon, no sooner, LOL
and at much higher levels, I hope.
I may give them some EURUSD @ 1.8500, ok?

Yeah and maybe push it pass1.8670 that would snook me to give him my USD.
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  #3488  
Old Jul 16, 2008 2:30pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by CHFJunkie View Post
1.8500??

I think it needs at least a year to get there!
Sorry typo 1.5800
Nice that you noticed
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  #3489  
Old Jul 16, 2008 2:36pm
fti
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Member Since Nov 2007
Default

Quote:
Originally Posted by CHFJunkie View Post
by the way fti, how do you evaluate the value of the usd in the market?
how do you know if it's overvalued or undervalued?
Hi,
I never do , and never will.
I was a pro, and pros do not make intelligent guesses.
I only know price.

You may like to check up with some economist, otherwise you could check it out with the fishmongers, they roughly know the value.

regards
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  #3490  
Old Jul 16, 2008 2:43pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by luSan View Post
I hope you got it...almost 5800...then I believe will have another day...still 1D is heavily bull for the dollar...
Me? ...out and reading the paper!
Hi lusan ,
Good for you,
I think 02/03 is good enough.
Wouldn't want to squeeze those futires boys too much.

Ah early bird and early worms.
Today, those CME boys sure gets no my nerves.
And they think people cannot see thru their ploy.

Sure did worry CHFJunkie for a while there with the typo,LOL
anyways goodmorning, gotta get some shut eye.
regards
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  #3492  
Old Jul 16, 2008 2:47pm
fti
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Member Since Nov 2007
Default

Quote:
Originally Posted by CHFJunkie View Post
fti, I think you got me worng

or maybe I couldnt clarify my question or made it a little bit unclear.

I mean a way to know that the eur/usd is overbought from a fundamental point of view.
and here I do not mean by fundamentals , the economic releases , I mean something like the open interest and who is moving the markets and whether their positioning has reached extremes or not.
is it safe to enter the current trend or better to wait for a pullback?

just a discussion.

regards
Hi,
sorry buddy, we discuss tom,ok.
too tired now, brains switched off just a mom ago.

regards
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  #3495  
Old Jul 17, 2008 2:59am
fti
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Member Since Nov 2007
Default

Quote:
Originally Posted by MaMood View Post
Good morning fti!

How do you doin?
Do you have some scouts out?

I'm not sure about the short term trend in USDJPY.
I think we are ranging between 105.50 and 104.50 ...

By the way - some of my favorite music for getting calm after some stressing trading session:

http://de.youtube.com/watch?v=5nVcLw...eature=related
http://de.youtube.com/watch?v=T7st1GtN9rI
http://de.youtube.com/watch?v=OOL7cw...eature=related
http://de.youtube.com/watch?v=p-sr17...eature=related
Hi,
Long USD
Eurusd 1.5862 ave level 2 attck
Checking your music out
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  #3497  
Old Jul 17, 2008 3:20am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Wow - seems to be a tough dance so far ...
Hope you'll bring/you brought your troops home.
Hi,
After the USD sell off after NY close, seems market has been a collector of the greenbag.
Seems the market is being held for the collection.
So I think big boys may be doing the USD collecting,
USD may be in this mode until they finish , the collecting.
generally, not chasing the market, but can feel underpined usd strength.

Completed level 2 mild attack sequense.
Waiting for time windoe for level 3 attack to initiate.

USD/yen already in 2nd impulse, gotta eyeball that on the Eur before sequense comenceses

Oh, another thingy is that since lunch have been experiencing much sweep swings, mostly false breaks.Evidence of the greenbag collecting.

Notice how the usd buying seems to be sustained in the USD/Yen, I suspect major collectors may be from the rising sun.

regards

Last edited by fti, Jul 17, 2008 3:48am
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  #3505  
Old Jul 17, 2008 7:46am
fti
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Member Since Nov 2007
Default

Hi, Will everybody shout break at the same time.
OK 1. 2. 3

Oh my god, its gonna be along long night.
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  #3509  
Old Jul 17, 2008 8:05am
fti
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Member Since Nov 2007
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Hi.

never mind, more dollars to be collected.
before it happens.
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  #3512  
Old Jul 17, 2008 9:02am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by piccolo View Post
why break? give it 1h and we will have a direction most likely.
Hi
for you no cheese cake. LOL

Evyone else 2nd helping on the way.
Was a scary one, at one moment . I had USD piled up to the ceiling.

Last edited by fti, Jul 17, 2008 9:15am
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  #3513  
Old Jul 17, 2008 9:17am
fti
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Member Since Nov 2007
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Now evrybody say, cheese!

15800 is nice figure isn't it?
maybe 15775 looks sexier?

Sure would be nice to have some cooperation from the queen's knights.
Why so , quite ?

Now we should be singing , 9 euro bottles sitting on the wall.
and...

Last edited by fti, Jul 17, 2008 9:28am
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  #3514  
Old Jul 17, 2008 9:32am
fti
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Member Since Nov 2007
Default

Hi All,
Does anyone understand what I am babling about?
ie am I coherent to anyone?
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  #3517  
Old Jul 17, 2008 9:37am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by ksl View Post
eur has resistance where as gbp is clibing jpy hardly moving

does't make sense......
Hi ,
that's cos' our friends ,from the land of the rising sun had been at it the whole day
(refer hourly charts)
while the Eur and cable slept.
Its about time for them to get into gear, don't you think?
were you sleeping too,? What have you been smoking? LOL

update: now we have 11 bottles sitting on that wall.
sorry , you re on your own, battlestations.
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  #3528  
Old Jul 17, 2008 10:18am
fti
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Member Since Nov 2007
Default

Hi All,
Ok a little time, so let me try...

Look at the hourly charts for the 3 kingdoms.

Some yoyo's been buying USD whole day ,
when the eur reacts. buys euros as well,
then GBP.
So Usd/yen keeps going north.
but whats happening to Eur and cable.
If my guess is correct there's gonna be a lot of yen floating in the market.
Question is , what's happening?
We know that the feds is handling some credit/ money problemie freddire&fannie.
So they came out at critical level for USD, may be bottom of the float range.

Then some yoyo is doing this yen stuff, and seems big enough to impact the whole market esp in crosses and inparting spot majors.

In the background oil is doing the snake and ladders.
So you guess?

regards

Take a close look at the Eurusd hour charts, any tech person would see something big in the horrizon. NO?
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  #3532  
Old Jul 17, 2008 10:33am
fti
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Member Since Nov 2007
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We can guess whats the big event brewing,
the possibilities? high.

million $ questions
when? how?

regards
Attached Thumbnails
Click image for larger version

Name:	what.jpg
Views:	110
Size:	161.6 KB
ID:	131187    

Last edited by fti, Jul 17, 2008 11:05am
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  #3534  
Old Jul 17, 2008 10:38am
fti
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Member Since Nov 2007
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And I thought I was the one needing sleep????

The quwstion is why is the yen dumped enmass.
for USD, EUR Cable.
Didn;t check the swiss.yet.

The question is why, and WHO?

Corp or CB.?????
All eyes are on US, there seems invisible parties?
Attached Images
 

Last edited by fti, Jul 17, 2008 11:14am
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  #3535  
Old Jul 17, 2008 10:44am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by DutchAngel View Post
Maybe its not about the song i was referring to, thats why i asked to be corrected. It its not I think its the 9 small hourly bars before the last couple hrs of choppiness. They signify a continuation of the downtrend.

Also I see a complex head and shoulder formation on hourly, and downtrend line that gonna be hit. Will it bounce off and dollar strengthen or breakthrough?
Hi.
You were right dutchangel,
but the whole day the markets been weird.
the bottle were lining up like for firing squad, then some yoyo comes mess it , its intentional,
only thingy is the puzzle is still in pieces. for now.

regards

Last edited by fti, Jul 17, 2008 11:01am
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  #3537  
Old Jul 17, 2008 11:33am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by DutchAngel View Post
Hi fti

The yen dropped against the dollar and the euro as better-than-expected earnings at JPMorgan Chase & Co. encouraged investors to sell the currency to buy higher- yielding assets outside Japan.

You can read full article here http://www.bloomberg.com/apps/news?p...currency_rates
Hi,
And they are so huge that they are impacting the whole Forex market for such long tenure?
A bit hard to swallow for now. lets see.
They must be moving trillions, or has the forex market shrink to become so small?? Probably Japan may shift to US???LOL
Thanks DutchAngel, at least something. to explain.

regards

Mnnnn, Just And after thought, sure would be a nice way to use surplus investments to fund Freddie and fannie. Is that what they are up to to save them.???? So watch that couple carefully. OR could be they wanna buy London Bridge. LOL or mat be autobahn,

Or maybe they buy USD stealth mode, make announcement of USD purchases, sudden USD rally , profits, no need to buy ANYTHING, Just perception will do , LOL

Oh my wished I had something jap to sell, and buy Eur, Wait a minute, some ppl I know , they have Jap cars, lets see.....

Last edited by fti, Jul 17, 2008 11:57am
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  #3539  
Old Jul 17, 2008 12:06pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by DutchAngel View Post
fti

I think you right on the money there.

Treasury Secretary Henry Paulson tried to rally support yesterday for his plan to rescue Fannie Mae and Freddie Mac and said he is confident Congress will pass it by next week.

We trading interesting times, although confusing too.

edit To avoid any confusion about an earlier post made in jest by me, let me state categorically that I smoke nothing stronger than marlb... lights. was just joking.

Happy trading to all, I have to go and COOK now.
Hey Dutchangel,
Thanks for the infos.
Heres a cooking song for you.



regards
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  #3541  
Old Jul 17, 2008 12:58pm
fti
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Member Since Nov 2007
Default

Quote:
Originally Posted by CHFJunkie View Post
Hi fti,

I'm back with my questions
Hope I will not bother you.
I have just one point to make clear, every question or topic I will be asking or talking about.
Kindly note that I'm just trying to exchange ideas , I'm not asking for a something like how to or these kinds of Qs.
it's a great pleasure to exchange ideas and point of views with an experienced instituinal trader like you.

regards
Hi,
No problem, if I an give you my opinions.
By the way the wuestion was unclear, what was it again?

regards
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  #3542  
Old Jul 17, 2008 1:05pm
fti
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Member Since Nov 2007
Default

Hi,
By the way looks like gotta wait for CME closing again, and let thiose stop orders do their magic.LOL
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  #3547  
Old Jul 17, 2008 1:23pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by CHFJunkie View Post
The question is ,"How do you evaluate the usd strenght in the market?"
from a fundamental point of view, and here I'm not talking about economic releases?

Du you use intermarket relationships?

How do u know it's safe to enter a trade in an up or a down trend?
Hi,
I analyse the markets charts for signs of what's happening in the markets, ie your mention of intermarket relationsships, looking for stories that it wants to tell me , in its behaviour"form" and patterns. including the sigma and volitility sequenses. I time trades by market flow and volitility.

And staying tuned to breaking news and happenings in the market place . as best I can now, that I am no longer at thebank. I used to see large paper flow from customers and watched orders.

There is no safe place in the markets, you come in then you have to manouver to stay alife. There are no safe levels, any level is as goodas the next. If your money management is good then you should survive. If you are egoistical then the markets will teach you humility. If you are sturborn it will teach you respect. If you think you have it all analysed, she will outwit you and show you the meaning of variance. There are many lessons in her that an average man will not be familiar with. The market it has wisdom and equilibrium , little intelligence. Oh and she is also very unforgiving to those who are impatience.

Have you read this thread?

regards.

Last edited by fti, Jul 17, 2008 1:38pm
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  #3549  
Old Jul 17, 2008 1:55pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by CHFJunkie View Post
I see continuation of trends in weekly charts.
I wish I can hold my Eur shorts into the next week , but swaps are so expensive that the cost of opening new positions is a lot cheaper!

Also , fti , don't you see ringed tops and bottoms everywhere in the market?
Hi,
What's "ringed tops and bottoms", if I may ask?
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  #3551  
Old Jul 17, 2008 2:03pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by CHFJunkie View Post
to be honest , not all of it.
you know I always liked to visit your thread from time to time because it reminds me of something , that market stress sometimes makes me forget!

I always like to be reminded of dancing the dance.
trading in the now, without getting myself attached to the past or the future is so crucial to me.

Back to my Qs, I always look at Gold and T-bonds to know the likely direction of the USD.
Also of all the things I know, the most important thing is money managment.
I use a formule based on risk factor of 10% and expectancy of 70%.

what about the one you use?
Hi,
Important component as it may be "Money and deposits" ie capital markets is only a small component of all factors that moves the forex markets. It is impossible to finger all of them from the demand or supply side of the equation mix.

Also money management and risk management are different issues. What you mentioned is risk management. That has to do with ruin management skills, nothing to do with trading skills.

regards

Oh another important issue is inteligence , not unlike water is flexible . checklist type robotic methodology is rigidity, it kills dur to its inability to adapt to environment.

A little knowledge is a dangerous thing.
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  #3553  
Old Jul 17, 2008 2:10pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by CHFJunkie View Post
A ringed high is a high of a day with two lower highs on both sides of it and a ringed bottoms is a market low with two higher lower on both sides of it.

simple technique to determine intermediate change in trends.
Sorry , never heard of it.
Is it a new word coined for double tops and bottoms. I am retired, so may not be up to mark to new glossary of terms.

regards
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  #3557  
Old Jul 17, 2008 2:23pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by fxa View Post
Thank you fti for today's market insights.
They were very enlightenable, as usually...
Hi
You are welcome, fxa.
Keep a watch out for it, I think they are still at it. May make some $$ from its use when it sync with the dance.

regards
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  #3558  
Old Jul 17, 2008 2:30pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by CHFJunkie View Post
No, it's not double tops or bottoms.
it's a three bars pattern.
Hi,
oh, compound patterns, there's a few thousand, just for candlestick charting alone. Which was taught me by my japanese under-study when I was heading a Jap bamk treasury, eons ago.

I normally stick to my own school, and I do have funny names for them, myself.

Yeah, those are powerful tools. Only wished we had some stadadisation in naming convensions. Then it would be easier to discuss about it.
I do not use themm conciously , as my education was stalled when he was recalled to tokyo. However, I have seen its capabilities.

regards
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  #3561  
Old Jul 17, 2008 3:40pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by CHFJunkie View Post
what books you like to read?
Generally , may not related to trading.

Books, that can help in forming the philosophy u recommend.
something other than sun tzu's art of war.
Have you read the way of warrior trader by Richard McCall?
Hi,
I read about much anything, that can hold my attention span.
Read a lot more when i was younger. You would be aurprised at some of the stuff I read. These days , being old are tire easily, I read a lot less. Use more of the medias now.

Other than Sun Zi, the Bible's good. most everything about anything is in there. If you take the trouble to seek, you shall find.

No sorry didn't read about McCall's warrior traders. He'll have to make it to top trader circles to catch my attention. Too much of the same stuff being published and its hard to keep up , with people rehashing old ideas.

Normally good traders do not write books. They don't need to and probably don't want to.Moreover time and rest is of essence. Of course there may have some with good ideas, but if it doesn't filter to bottom line, its just good ideas.Nice to have but difficult to live with. There are some "secret" mentoring manuals around. These are normally research manuals and mostly non performanced documented ideas.
It is close to impossible to aquire trading skills from reading This can help in foundational ideas, concepts and basic tenets. Trading is a skill that have to be learned thru the mentorship of hard knocks school. I know no successful trader who aquired their skills from reading, mostly from thinking and experience.
Trading is a life style, gotta match the personalities to the skills.
Successful traders all have difering styles, they all work. No one is better than the other, bottom line rules. We are as good as our last trade.

regards
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  #3568  
Old Jul 18, 2008 3:27am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Good morning fti!

How do you doin?
Do you have some scouts out?

I'm not sure about the short term trend in USDJPY.
I think we are ranging between 105.50 and 104.50 ...

By the way - some of my favorite music for getting calm after some stressing trading session:

http://de.youtube.com/watch?v=5nVcLw...eature=related
http://de.youtube.com/watch?v=T7st1GtN9rI
http://de.youtube.com/watch?v=OOL7cw...eature=related
http://de.youtube.com/watch?v=p-sr17...eature=related
Hi MaMood,
Didn't enjoyed the music while I traded.

But sure liked it relaxing, after I was squared for the day.
esp
http://de.youtube.com/watch?v=p-sr175CMLg
Something in its "flow"catches me.
Thanks

regards
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  #3572  
Old Jul 18, 2008 3:55am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by maheswara View Post
OMG ! beautiful ! u know u can convert any youtube into mp3 ... flvto.com
Hi maheswara,
Dear young man, Do not abuse the artist.
Accept things as it is , when it is shared.
If you like it then go buy it for your own.
Moreover if you think it sounds good in LoFi video.
You may get a shock when you hear the CD HIFi.
Don't short change yourself, esp if you love it.

More, the artist , he will be encouraged.
You wouldn't want to produce something beautiful, only to have it stolen. Please don't support abuse.
Fair use and fair sharing is acceptable, abuse is ugly.
I know you will do the right thing. won't you?

Learn how to trade well, and you will never again be without anything that you want in life.

regards
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  #3577  
Old Jul 18, 2008 4:22am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by CHFJunkie View Post
my favorites,

Ulitimate trading guide , that you mentioned
Robert Miner's Dynamic trading approach
Bryce Gilmore Market Geometry
Edward and Maggie TA of stock trends

and to be honest, any technical method will make money IF applied in consistent and disciplined manner, this is what I learnt after studying and being knocked down in the markets for quite a long time.
I found the worest thing for a trader to be impatient with the methodolgies you have and looking for constant winners and refusing the truth that you will go through cold losing streaks.

By the way, I will appreciate it if you send me the 5 rings pdf.
as I have always liked the eastern ( Chinese and Japanese) cultures and disciplines.
Hi ,
yes, anybody using any style can make money sometimes.
that is true.
But to be consistently and steadily profitable in all conditions, requires more............................... .
anyways, to each its own.

I don't agree to that statement , at all.
I have maintained about near 100% scince I was senior at the banks. Since The start of this thread, I have maintained 100% profitability in demo. Since trading live again, I have maintained 100% profitability, every trade. Some were scary, but all came home.

And I know many veterans that are in this league. So be fooled that 100% profitability is a dream, it is being achieved.
Cold losing streaks...

regards

Last edited by fti, Jul 18, 2008 4:33am
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  #3588  
Old Jul 18, 2008 5:36am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by monies View Post
Hi there guys i have been reading this post for some time now and it is my view that technical analysis does work most of the time if the market gives you three or four perfect opportunities for the month then take those?why try to defeat the market something i have discovered could never be achieved.
Hi,
ikes, try rereading the thread, again.

regards
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  #3593  
Old Jul 18, 2008 6:18am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by monies View Post
I just want to reply to that last comment,because it seems that you have misunderstood me?All i am just saying is why take 10 trades when you can only take 3 and get the same return the market is not going any where look for the best of opportunities?
Hi,
No err, I thought that was what you said.

like picolo, he understands that, she (the market) is not at her best for you always. Sometimes she's at odds with herself. but if you are not paying attention , when she is at her best, you shall not be there .......
Sure why take 10 trades when you will do well with just the 3 best.
But honestly , could you tell me which of the 10 are her best 3?
careful there ! thin ice.

Try to be there with her , as much as you can, for better or worst, till...oops overrun
but be there as much as you can, at every stage, some 'bad hair days' can turn out to be very interesting.


regards

Last edited by fti, Jul 18, 2008 6:43am
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  #3596  
Old Jul 18, 2008 7:13am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Nice action due to the less worse then feared citigroup figures ...
Hi,
Thanks,you're as on the ball as any media services.
More ppl as yourself come on stream. and we 're gonna be the most informed bunch on the forex market. LOL

Just to qualify, no opinions pls , only info. don't wanna be like most news services, instead of info they give opinions and propaganda.


regards
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  #3598  
Old Jul 18, 2008 7:31am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
you are welcome! ;-)

Always, when i get some relevant information concerning our 3 kingdoms on my table/screen, I'll stick it to the board ...
Hi,
Thanks , MaMood.
Are you dealing professionally?, seems very on the ball.

regards
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  #3599  
Old Jul 18, 2008 7:42am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Nice action due to the less worse then feared citigroup figures ...
Oh, citicorp,
Loved it when I was working for John Reed and David Leong, back in the good old days. Men with balls of steel and a good head. I developed super when I was a youngster mentored by the great Jim Hunter then there. he took an average junior dealer and started me off on the quest. Always reminises about them , every time I hear about citi.

Then there the greats Ho Quek Hin and Raymond Goh of Morgan, Treasury men , a cut above. Those were the days.



Of course also Welles wilders and Jake Bernstein, the people who showed me things on the otherside of the fence,
Great prople, they all are.......

Hey wake up get back on the markets. FOCUS

regards

Last edited by fti, Jul 18, 2008 8:19am
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  #3601  
Old Jul 18, 2008 8:32am
fti
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Member Since Nov 2007
Default

Hi all,
Squared.
enough, don't wanna squeeze blood out of stone, esp on friday.
The blood I see could be my own.

regards
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  #3605  
Old Jul 18, 2008 8:44am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by Zoran View Post
Hey fti, when are you going to tell everyone your first name? I would much rather call you by that than your trading initials. Of course if you would rather stay anonymous then fine... but I don't think revealing your first name would reveal much, would it?

Have a nice weekend luSan.
Hi,
Zoran, much as I would like to,
I have difficulty....sorry.

regards

Last edited by fti, Jul 18, 2008 9:54am
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  #3606  
Old Jul 18, 2008 9:01am
fti
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Member Since Nov 2007
Default

hemal011,
NO, and stop guessing.
It is people like you who do not learn how to respect other peoples will and markets wishes , and the market will take you to hell.

Better learn some manners, it will stand you good, when you trade.
MINDSET OUT. I am sorry for you, you better learn.

When you trade and market tell you something , respect it and maybe you may be ok, challenge it and you will be dead before the cows come home.

Similarly when I tell you I dont want to reveal my identity, then take it as that. Maybe you would like to tell us who you are, thats your choice.

Who I am is of no consiquense to you, but what I try to show you about in trading. That you should ponder about.

Last edited by fti, Jul 18, 2008 9:31am
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  #3608  
Old Jul 18, 2008 9:23am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
EUR/USD: ECB Speculation But Little Substance
Freitag, 18. Juli 2008 15:07:00



London, July 18. Talk doing the rounds of ECB sources suggesting/confirming that the executive council has not ruled out a further hike. It is this talk that has helped EUR/USD bounce off the 1.5808 lows. However, sustaining the gains will prove a different story with selling short-term strength likely to keep support into the 1.5800 level pressured. Matthew.Foster-Smith@ThomsonReuters.com
Hi MaMood,

Thanks,
Funny that chet keps challenging Ben on its monetary policy.
Wonder if there's something in the deeper??

Anyways I am squared for the week. But this news you highlighted tickles me, will reki the ground out. Thanks again.

regards
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  #3612  
Old Jul 18, 2008 12:01pm
fti
member
 
Member Since Nov 2007
Default

Hi hemal011,

Had a nice dinner and night out. Sorry that you feel that way, what made you feel that I was angry at you.
No problem , friend.

It was just that I was disappointed that you may have a problem with imposing yourself on others, that, I guess is the problems faced by a large population of traders.

Nevertheless I was a little agitated that you would want to guess who I am. Something must have prompted you to guess Freddie. No matter. I am not he.

Its water under the bridge. No apologies necessary, but however remember your lesson, don't do that in markets,and chart patterns, call it as you see it, don't guess..

Sorry , that I was a little aggressive.
Have a nice weekend.

regards
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  #3613  
Old Jul 18, 2008 12:16pm
fti
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Member Since Nov 2007
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Hi ALL,

Anyone still trading?
Seems in range yet.
Have a good weekend.
I am resting early tonight,
CU.

regards
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  #3615  
Old Jul 18, 2008 12:25pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by hemal011 View Post
Thanks and have a nice weekend yourself.

Yesterday, I was confused with the direction and your analysis of USD/JPY and that USD is gaining strength cleared the picture instantly.

I think your expertise on various markets( Oil, Futures market, and 3 kingdoms ) is priceless.


Thanks again for your teachings and insights.
Hi,
You flatter me, thank you.
The credit belongs to DutchAngel.
I saw from the charts , some weird behaviours, and was thinking aloud
and she put the finishing touches to the puzzle with her info.

Nice weekend.

regards
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  #3617  
Old Jul 21, 2008 2:44am
fti
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Member Since Nov 2007
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Hi ALL,
the usd bulls wanna play.
Will London boys play?
Usd bulls leader is cable.
USD/Yen found a bottom and is in ambush mode.

Now watching London boys
London seems USD bears or are they sweeping?
waiting for coil to explode now.
London boys are USD bear !

Last edited by fti, Jul 21, 2008 3:23am
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  #3623  
Old Jul 21, 2008 3:38am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by leighsww View Post
You sure they aren't just sweeping?

Dang, I got a LONG on Swissy! lol
Nope, Leighsww,but from the charts point of view,
looks like the USD bears are in town for now.
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  #3625  
Old Jul 21, 2008 3:58am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by leighsww View Post
Okie-dokie

Okay, I'm off to bed. Don't go racking up 10 pages worth of posts, now, cuz then too much to catch up with when I get up! *whip*

Have FUN all!
OK, cu
geranimo,oops, gotta get outside the house first, ceiling blocking.
But hey its raining over here !
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  #3629  
Old Jul 21, 2008 4:07am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by luSan View Post
Typical monday morning...maybe I take my 12 pips now and go to bed too!
...darn, my scout is out and I took 13 pips...now I go to bed for sure with only 15 pips...have fun.
Hi,
ok. before you go hit the sack, would you be so kind to run over and let the cable booys know that the US circus is in town, heard there may be a little bear performing, LOL

Last edited by fti, Jul 21, 2008 4:22am
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  #3630  
Old Jul 21, 2008 4:14am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by joypips View Post
Hello Fti and everyone

am only up to page 191 and just watched that beautiful little blind girl. Just amazing.

well back to page 191, i am so absorbed by this thread every spare moment is taken up reading and studying. paper money arrived and haven't had time to read yet.

btw fti have you finished that book that zoran gave you

joy
Hi joypips,

Sure are some talented people with skills being born these days. no need to train, isn't it? wow. wonder what the parents eat?
Enjoy paper money.

Sorry, haven't found the time to finish zoran's gift yet.
Was thinking , withthe kyoto protocol, around the corner, Will just stay on the cO2 emission for just a little while more. However they would be pleased to know that my pollution capacity is reduced.

regards

Last edited by fti, Jul 21, 2008 4:40am
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  #3632  
Old Jul 21, 2008 5:05am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by joypips View Post
well done zoran will be pleased
Hi,
he would be alittle, I guess.

What a short show, anyone noticed the bear has a long tail ( 1 hr charts)?
Wonder if theres any tickets left for the NY boys?
for now lets see if the bear parents are around.
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  #3633  
Old Jul 21, 2008 5:27am
fti
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Member Since Nov 2007
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The cable is in trench territories,(1 hr cable)
The Big Question is, is that a bear trap?
If Cable hits a trap, watch out for panic the Eur and Yen,
So be nimble, watch carefully, no armys dould be out there now, only scouts.

little bear , mind your steps in England.
Parental guidance necessary to clear this trench hurdle.
Caution advised.

regards

Mama bear are you around.
Can't see you ???

Last edited by fti, Jul 21, 2008 5:50am
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  #3635  
Old Jul 21, 2008 6:22am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by Zoran View Post
I'll be very pleased when you finish that book fti. I hope my gift will give you an extra 10 or more wonderful years of you life to enjoy with your family and to spend your fortunes!

So what is it, a bear or bull?
Hi Zoran,
Thanks , for the gift, will get on it as soon as I find the will to do so.
More, good years, sounds nice, God willing.
My grand father live to a ripe 91, My mom's dad, he's still around and have passed he 90 mark. So I hope the genes are around. My dad did 73, so the question, do I have them in me?

Basically , I am bias bear from the charts, only thibgy is mama bear doesn't seem to be around. There no smell of BS yet , only fear they could be hidden in the cable trench. May have to wait for NY toseeif mama shows. for now I am squared. collected some add ammo for the NY zone battle.

Note that the daily trend are in coils yet. So it doesn't matter, bull or bear.
But try not to be caught snowballed big time on he wrong side. then muskets bearings required.

regards

Was boared so I was watching Gibson's Pyramids of the Illuminati - Waste's Apocalypso video.
Scary mind bending stuff and propaganda

Last edited by fti, Jul 21, 2008 7:09am
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  #3638  
Old Jul 21, 2008 7:23am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by hemal011 View Post
What was that ? NY guys just decided to push dollar up...or any reason for this strength ?

Should we start preparing attack ?
Hi,
Don't know yet. Just books squaring out, I guess.
Chartwise, the trench in cable is snooking the smaller market players.
Note that today is thinner markets due to Far East , off.
So be nimble yet.
I cannot see any signs of a USD bull yet.
It is likely sweeping range.

The undertone bias is a stronger USD, but the time vortex is not inline.
So time window is out of line.
Look for direction from the NY boys, have patience and be nimble.
Remember daily charts are still in coils, You could be trading bulls or bears, doesn't matter. But manage prudent;y, until clearer signs surfaces.
For term players , these are trying times.

regards.
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  #3639  
Old Jul 21, 2008 7:27am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by DutchAngel View Post
Hi fti

I think you would enjoy the book "Confessions of an economic hitman" written by John Perkins

Economic hit men (EHMs) are highly paid professionals
who cheat countries around the globe out of trillions of
dollars. They funnel money from the World Bank, the
U.S. Agency for International Development ( USAID) ,
and other foreign "aid" organizations into the coffers of
huge corporations and the pockets of a few wealthy families
who control the planet's natural resources. Their tools
include fraudulent financial reports, rigged elections ,
pay() s, extortion, sex, and murder. They play a game as
old as empire, but one that has taken on new and terrifying
dimensions during this time of globalization.
I should know; I was an EHM.

John Perkins

regards
DutchAngel

I have the pdf if you want it.
Thanks, Wouldn't mind reading it at all.
Send me when suits.
But always remember , to ponder, why these people are blowing whistles.
There may be hidden agendas , sometimes.

Its ok to read, but people must have a good head to think.
A little knowledge is a dangerous thing.

regards
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  #3642  
Old Jul 21, 2008 8:44am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by hemal011 View Post
"USD Futures gain after BoA results" --> Seems to be the trigger of sudden jump after 7:00 AM EST.
Hi hemal011,
well this is the probelms of illiquid markets.
Now that the interbank is not liquid (on sectorial holiday)the CME becomes the market.
The disfference is that CME locals are not market makers, therefore does not provide liquidity,
they will only lean on orders, and the papers there are not large , so you may experience , what leighsww calls, the funky chicken dance.

This is why I sometimes wonder , when prople have the most liquid markets to trade, why they trade illiquid cross pairs. Then diversification across these pairs creates for them liquidity risk. notwithstanding wider spreads ...etc
When I was at bank, whenever I get hit in illiquid crosses by customers, I had to resort to crossing the positions out to liquid markets to manage. However, seems that traders perspectives tend to be different.

regards
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  #3643  
Old Jul 21, 2008 8:47am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by piccolo View Post
DutchAngel, you might enjoy this then:
http://www.playboy.com/magazine/features/lockheed/
Hi, by the way, whats the link to?
It seems to be blocked by ISP here.

regards
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  #3644  
Old Jul 21, 2008 8:52am
fti
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Member Since Nov 2007
Default

Hi MaMood,
you seem to be right.
Markets on range play.
Probably the illiquidity may cause gapping moves.
Shields Up.

regards
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  #3649  
Old Jul 21, 2008 9:19am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by piccolo View Post
i attached the pdf version of the article. take it with some salt, tho.
Hi,
Thanks piccolo for the pdf.
Since we are so bored, and on the lockheed wierdness,
Have you heard this???
The little green men perspective.


This very long, so , that'll keep us busy.
Now, we all qualify for ward 13 ( the happy ward)
This is gonna start me on the hollow earth theory again. OMG.


regards
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  #3652  
Old Jul 21, 2008 10:19am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by luSan View Post
You are the first one I know that ever mentioned the hollow earth theory......I believe I learned in a French Magazine of the 60th...Le Planet?...U are well read...how did you have time to do it when you were deeply involved with your trading?

Knapp does not understand mathematical physics...but he is really fun...nice voice...niece speach...ah...the multiverse theory...platonical ideology of impossing math on the universe..greek with a bunch of slave and too much free time...what a days! ---(like us: imposing indicators on the market. Where is my MACD and RSI? I dropped on the trash and got replaced by my eyes---

Market is so illiquidy that I will be flat...I am too impatient...
Hi Lusan,
Back in the good, not so old days , when was I had trained some good men, while they were slogging their butt off for me, it wasn't nice for me to interfere in the trading (unless they gor in in s==t, so , I had a lot of time to kill+with extensive "intelligence" people who had little to do. We embarked on a quest to check out the deep "secrets" of technical analysis. You won't believeme on the weirdness of the results of that research. (green atenna extends from head) sorry, like I was saying, took me to weird studies and back. Started from pyrimid maths to,,,,,,,,

So sorry , I am a little alien by mans standards.
Oops excuse me, ward 13 officers at the door.LOL

Seriously, didi vv much research on many related subjects ,maths,science, mind, mass behaviour, phycology, ,,,,,,,God,,,,,,
Now you guys have it easy, u have youtube.

Yeah, difficult market to trade, have to nevetheless.

regards.

by the way
squared is to describe position.
Flat is to describe P&L.
Oh , on the broadcast, the interesting parts are with John Lear....lear Jets & defence contractors?

Last edited by fti, Jul 21, 2008 10:44am
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  #3654  
Old Jul 21, 2008 10:52am
fti
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OK, for those of you paying attention to markets.
I will be initiating a MILD 1st attack skew, soon.Bear USD
Hey you are on your own , so unless you know what you are doing, don't follow blindly.
Oh by the way the time windows extends to after Lunch.

Last edited by fti, Jul 21, 2008 11:20am
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  #3656  
Old Jul 21, 2008 11:26am
fti
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Quote:
Originally Posted by CHFJunkie View Post
fti,

I take my hat off to you.
a one has to read your whole posts and sun tzu's art of war before coming to discuss with you.
without doing this, a one can not know what's behind your words.

so I see today's market action is so typical , nearly almost mondays are like this. they are very good for bearish Eur and if not the move will not be that large as we see today.

for now I think a usd bulls are preparing for a good move.
as this is the typical action after bank bankruptcy in the US.
A stock market tends to rally which will cause the dollar to rally as well.

I will be shorting so soon ,just waiting for the close of the US session.
Hi CHFJunkie,
Sorry, for now , I am already wearing usd bear costume.

regards

attack now in progress
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  #3659  
Old Jul 21, 2008 11:46am
fti
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Interesting suggestion The illuminated.

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  #3660  
Old Jul 21, 2008 11:48am
fti
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Quote:
Originally Posted by Zoran View Post
How do you work out your time windows fti?
Hi Zoran,
I told you before wave counts, and the dance sequense.

regards

If you think I am diffcult to understand,
try him.




Take your profits now and listen to this: its important.
At least to me , it is

Last edited by fti, Jul 21, 2008 12:46pm
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  #3662  
Old Jul 21, 2008 12:48pm
fti
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Take your profits NOW ! and listen to this: its important.
At least to me , it is


please.
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  #3665  
Old Jul 21, 2008 2:12pm
fti
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Quote:
Originally Posted by leighsww View Post
LOL, you guys still at it?

fti, you tanking down a LOT of coffee?

Anyway, looks like everyone had FUN (especially with "Ward 13" a callin' fti lol)!

Sorry, I had to miss out on it. Looks like all had a good time!
Hi leighsww,

only 3 cups, so far.
Well, mixing with me, helps with the enrollment to ward 13, LOL.
But thats a happy place for me.

So didi you manage to make some $$ from the swissy?

regards

OK, I done for the day.
happy profits.
good morning for now.
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  #3668  
Old Jul 22, 2008 12:08am
fti
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Quote:
Originally Posted by MichaelSA View Post
Hi fti
Hi all

I am truely gateful to you and to the other members of this thread. The insights gained on this thread have allowed me to not have a lossing session in the past 2 months! Thanks to the teachings on rescue.

The biggest insight for me was that both bulls and bears make MONEY (I originally thought that only one or the other made money!) And that when you are a bull/bear stay that way or you will become a pig (and pigs get slaughtered!!!)

Once again thank you to everyone who contributed to this thread.
Hi MichaelSA,
Thank you for your kind words.

I hope you will stay motivated and polish your skills as you develop market experience. With proper mindset foundation and experience, who may become invincible trader. When you become rich then you must afford to help those in need. Remember Be kind and generous, these are the qualities required to hold to right mindset. Most of all be forgiving, like your creator.
otherwise much torment wrecks you from the market place. When you forgive markets and yourself from errs, it releases the hold on you.

Develop well.
regards
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  #3669  
Old Jul 22, 2008 12:46am
fti
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Quote:
Originally Posted by leighsww View Post
I'm still in it, lol.

Hey, didn't you read my email and journal? I'm dancing slightly differently now, so my profit on Swissy will come when it hits my T/P (or if/when I have to rescue it, lol)

Okay, have a good rest of day, my friend
Hi leighsww,

Ok, trade well.

Let me give you a little insight.
You are pioneering a very difficult field.
Many before you had taken that challenge and that is inclusive of myself.
Here's a little background and info that many help you , since you have undertaken the task.

In the late 80s, while my book was very profitable, and technology was developing very rapidly. I created a small group of reserchers in the strategic section. It comprised me, couple of senior dealers, a computer wiz and some programmers. We put most of my methodology into flow charts , with many subroutines controlling diffreent aspects. The subroutines were added as we needed. The core stem of the program flow was controlled by a developing model of fussy logic algorithems. Back then it was called alternating logic process.
By the end of the year, the millions of USD set asside for the experiment was depleted by trading and hardware and programming costing.
Having failed in that attempt, I reverted to finish writing the training manual of which you are having a little journey into. I never doubt computing power ,I was the 2nd person in SE Asia to own an Apple 2E. Before that, I had my hand, in the radioshack sub computers, if you can call them that. A spin off from my audiophile craze.

From all that, I re-learned an important lesson.
Rigidity is dangerous and reckless, when the conteracting parties and terrain is of much variance. It seems we haven't invented the computer that can match that which God created, not yet.



regards

PS: Having said, all that, let me say tat I am not trying to chane the direction of your progress, I know you had put in lots of hours of work and thoughts , Just wanted to share my experiences about automation.

Last edited by fti, Jul 22, 2008 1:11am
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  #3670  
Old Jul 22, 2008 1:18am
fti
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OK the USD bulls returns.
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  #3673  
Old Jul 22, 2008 2:23am
fti
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Quote:
Originally Posted by leighsww View Post
Bears went into hibernation already?! Sheesh, it's not even winter yet

So, fti ... you got a Scout in? We gotta get "Ward 13" active again
Hi Leighsww,

Yesterday we saw a little bear performing, then mama bear showed, but she's not aggressive.

So seems the bulls came in this morning, but its sweping both ways , goota see if the London boys are gonna ride bulls into the field.
Got the scout in already profittaken and 2nd attempt in progress.

I think we may be a little busy for ward 13 today, lets see.
Liquidity is back.

regards
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  #3674  
Old Jul 22, 2008 2:48am
fti
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Hi,

OMG, the USD bears were very strong.
Scout was killed.
Realigning.
Sorry this vvery USD bear terrain.
REALIGN NOW !

It would be interesting to see a test of EURusd 1.5950 seems above much USD bear stops.

Oops I wasted 9 pips to realign.
Standing by for attack level 1
Attck unable
standby to rescue sequense level 1


reacue deployed

Last edited by fti, Jul 22, 2008 3:11am
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  #3676  
Old Jul 22, 2008 3:27am
fti
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Quote:
Originally Posted by MaMood View Post
Hi and good morning sirs!

there are some "currencies external" events today, that could give the some impulses to our tarding sessions:

1. today we'll get the figures for Wochovia, UPS and Yahoo. Especially the first one could have strong impact on the USD. I wasn't able to determine the exeact schedule for the mentioned figures.

2. Tropical storm Dolly. If it hits the Gulf of Mexico oil rigs, oil price will be influenced

Wish you successful dancing!
;-)
Noted, MaMood.
Thanks, is dolly strong and whats the likelyhood ?

regards
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  #3678  
Old Jul 22, 2008 3:28am
fti
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Rescue level 1 failed and removed with minor damage.

Standby level 2 rescue attempt.

rescue level 2 deployed

Last edited by fti, Jul 22, 2008 3:51am
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  #3681  
Old Jul 22, 2008 4:01am
fti
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escue successful and out

scout still in
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  #3682  
Old Jul 22, 2008 4:14am
fti
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standby rescue/attack level 3
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  #3685  
Old Jul 22, 2008 4:22am
fti
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Quote:
Originally Posted by MaMood View Post
Hi luSan,

difficult to say. Some signs from the data arround ...

- Dow future is going down -> $ weakness
- Oil is testing yesterday high -> $ weakness
- gold is up $9 -> $ weakness
- EUR and GBP near yesterday high -> $ weakness

But that are kinds of predictions - aren't they?

I just try get in tune with current PA on USDJPY ...
People, no opinions,
ONLY facts and figs please. + news
Try not to encourage bad habits and distractions.

Focus, if distraction needed try this..


rescue level 3 deployed
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  #3686  
Old Jul 22, 2008 4:34am
fti
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Quote:
Originally Posted by luSan View Post
Made 32 pips in this range...Back to bed, see you after 8:00...Gosh it does feel like Monday...
Hi Lusan,
You're faster than me.
Well done.
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  #3687  
Old Jul 22, 2008 4:37am
fti
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rescue 3 + scout = new scout base

ok, have some time.

note examples:

Tropical storm Dolly. If it hits the Gulf of Mexico oil rigs, oil price will be influenced = fact

It could build up to a Hurricane in the next 24 hours.= opinion

Gold is up $9 = fact

...so dollar weak? = opinion, err was bias question.

dollar weak= opinion

Misora Hibari = ease boredom and tension


=

= giving God his share of the worry,,,,,
Sure get him involved.........

Last edited by fti, Jul 22, 2008 5:11am
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  #3688  
Old Jul 22, 2008 5:11am
fti
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Standby for new level 2 attack sequense.

notice yen crosses still at it.
be aware.
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  #3690  
Old Jul 22, 2008 5:16am
fti
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Quote:
Originally Posted by MaMood View Post
Hi fti,


Do you see any anomalies in the 3 Kgd at the moment?
Anything that is worth to be noted or could help me by identifying times to be careful with my dancing??
notice yen crosses still at it.
be aware.
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  #3691  
Old Jul 22, 2008 5:18am
fti
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Member Since Nov 2007
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attack om Eur/USD deployed
Buying Eur for USD
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  #3692  
Old Jul 22, 2008 5:39am
fti
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standby attack level 3


level 3 attack deployed
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  #3694  
Old Jul 22, 2008 6:14am
fti
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Quote:
Originally Posted by forexnetworth View Post
Thank you for your excellent insight throughout this forum.
Hi forexnetworth,

Thank you for your kind words.
I hope many may get a new perspective to trading
and that some may polish their skills along the way.

regards

Now you have some profits from attack level 2
near Eurusd 12 levels,
as market stabalises, try to get them out , slowly,
and toward 30 , do it slowly for level 3 positions until you are left with the scout out there.
Leave only the oldest scout,
new scout base should be slowly exited.
This is to conserve ammo for Ny zone.

This coil is very very tight now,
We shall reaccess analysis later, when NY comes in.
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  #3695  
Old Jul 22, 2008 6:38am
fti
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Member Since Nov 2007
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Hi
30s not coming.
ease the positions to most comfortable,
remember the skew plays again at NY.
so have a comfortable base,
evaluate how a rsucue may look if it is required,
Also what an attack will be like.
Are you comfortable with the base?
then half that position.

Check the calander for any IMPORTANT fig releases ,
esp US figs,

Keep abreast the markets talk.
Today seems nothing.

I am left scout, cu later.
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  #3698  
Old Jul 22, 2008 7:36am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
Uuuuuups - what's going on?
Nice momentum ....


Oh I found the reason: Wachovia figures out. Here the details:
http://www.finanznachrichten.de/nach...l-11336098.asp
oops, talk about timing.
Gotta go for dinner first.
scout should be in safe territories.
cu later
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  #3700  
Old Jul 22, 2008 8:37am
fti
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Member Since Nov 2007
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OMG, whats that lump floating in the river.
OOps its my scout !

Paulson talks,Ok, they mean business.
Burying scout now.
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  #3702  
Old Jul 22, 2008 8:44am
fti
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Quote:
Originally Posted by luSan View Post
Gosh...PA dropped 50 pips on Paulsen announcement that US rate hike will come sooner than later...is this for real?....
I picked up 20 of these...have enough for the day...now we just watch this show.
Yes, Lusan ,
thats the precusor for things to come.
These people don't Joke !
start initiaing small usd buyings,
the whole terrain has changed.
This is no drill,
Battle stations.

Standby BullUSD scout( doublr strength)
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  #3703  
Old Jul 22, 2008 8:45am
fti
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Scouts deployed

Standby attack L2
Standby rescue L2 as well. rescue L2 sells EURUSD into 1.5895/00 range if able.
Standby rescue L3
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  #3704  
Old Jul 22, 2008 9:00am
fti
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attack L2 deployed

standby rescue L3
standby attack L3

attack L3 deployed
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  #3705  
Old Jul 22, 2008 9:04am
fti
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standby L4 rescue
stand L4 attack


for ref my levels
scout 90
L1 82
L2 75

R4 deployed 84

Last edited by fti, Jul 22, 2008 9:20am
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  #3707  
Old Jul 22, 2008 9:21am
fti
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standby R5
standby L5
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  #3708  
Old Jul 22, 2008 9:22am
fti
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L5 deployed =86

L6 deployed =81
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  #3710  
Old Jul 22, 2008 9:32am
fti
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Quote:
Originally Posted by luSan View Post
So this is a big war?
Greeks against the Persians!
Thermopylae and fit is Leonidas!
5 levels of attack!!!
already 6
ave below 90
How's you?

Total size 31

ave about 85-

wave 1.
not retraced yet
can't expect too much retrace.
watch carefully.

Plosser up next,
ifthey are all hawkish, sure not gonna see these levels again anytime soon.

blotter SX eurusd
2x90
3x82
5x75
8x84
13x86

preparing reverse skew selling now

Last edited by fti, Jul 22, 2008 9:48am
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  #3712  
Old Jul 22, 2008 9:48am
fti
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sx 8X 78

Initiating Buy back below 65
standby

Bx8x59
Bx13x60

Last edited by fti, Jul 22, 2008 10:08am
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  #3713  
Old Jul 22, 2008 10:04am
fti
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Bx8x55

bx 5x47
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  #3714  
Old Jul 22, 2008 10:13am
fti
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Bx4 x44

Hi I got 1 lonely scout left

How didi you do.?
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  #3718  
Old Jul 22, 2008 10:26am
fti
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Quote:
Originally Posted by MaMood View Post
USD/JPY: Commodity Collapse Helps Boost USD
Dienstag, 22. Juli 2008 16:15:00



San Francisco, July 22. The collapse in commodities is helping to strongly boost the USD as well as talk of central bank switching into the USD overnight. USD/JPY is testing the highs of 106.93 though offers remain at 107.00. Dealers note that the 200-day moving average is seen as low as 107.01/04 though some traders are not willing to set USD/JPY longs unless the currency closes above that level. Stops remain at 107.20 with more offers at 107.40 and up to 107.60. Rhonda.Staskow@ThomsonReuters.com
Hi MaMood,

We all know what happened .
Please don't confuse yourself with their opinions.
try to focus on the chart, instead.
There will be lots of pro and cons and experts out soon,
Focus on the price chart.

anyway thanks fo info, but really no one knows.


regards
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  #3720  
Old Jul 22, 2008 10:30am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
I'm dancing USDJPY the long side.

My blotter so far:

b x 1 x 106.36
b x 2 x 106.46
s x 2 x 106.65
b x 2 x 106.60
b x 3 x 106.75
s x 5 x 106.82
b x 2 x 106.66
b x 3 x 106.75

Means 6 troops in av. 106.65
seems ok, you rode the run.

regards
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  #3721  
Old Jul 22, 2008 10:31am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
s x 5 x 106.85
Please don't try to be pig !.
hello, run may not be over yet.
Remember ! you are now USD bull

Position traders are mostly still in esp day chart traders + the stubborn+ the knowledgable +the anti fed +the .........
To many the charts haven't turned.
So look out !

Battle stations.
Round 2 comming up, watch your size into lunch please.
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  #3722  
Old Jul 22, 2008 10:42am
fti
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S x 1 x 45

position recap
short Eurusd x2 x 90 + 45
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  #3725  
Old Jul 22, 2008 10:55am
fti
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Quote:
Originally Posted by Green_David View Post
Hi, FTI.

Now we see the fact!

Great job! Only one word for you: WONDERFUL!

When you attack, it's terrible and very impressive!!!

I did almost the same thing, but my time frame is bigger. My scout of yesterday is still in. Btw, if E/U closed below 5827, we will see a outside revarsal bar on daily chart.

P.S. When you are trading I did not bring the questions or discussions, worried that my opinion may affect other guys' trading.

Thanks, mom in BS (battlestation)mode.
Will chat at lunch

Sx1x39
Bx3 x27

now squared

Last edited by fti, Jul 22, 2008 11:10am
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  #3726  
Old Jul 22, 2008 11:06am
fti
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Ok, now free to chat.

anything?
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  #3727  
Old Jul 22, 2008 11:17am
fti
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Quote:
Originally Posted by Green_David View Post
Hi, FTI.

Now we see the fact!

Great job! Only one word for you: WONDERFUL!

When you attack, it's terrible and very impressive!!!

I did almost the same thing, but my time frame is bigger. My scout of yesterday is still in. Btw, if E/U closed below 5827, we will see a outside revarsal bar on daily chart.

P.S. When you are trading I did not bring the questions or discussions, worried that my opinion may affect other guys' trading.
Hi David,
Thanks for the kind words.

This attack was mild , as I was caught on wrong side earlier.
Took too long for my dinner.
If you think this is scary, you should see me when I have much foreign capital. LOL

Its nice that you didi capture the move.
But only thing that disturbs me is the time frame that you use.
Having said that I do realise that different people have different time perspectives and I am not advocating that everyone be like me.

It is just that from experience . I cannot see anyone on other time frames doing good performance. As you gain experience you may come to this realisation.
The market she demands much from traders, otherwise you may experiences, subtle timing problems in handling her tempo.

Nevertheless I do respect your time constrains. People have lifes to live , unlike me who's married to her.

regards
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  #3729  
Old Jul 22, 2008 11:25am
fti
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Member Since Nov 2007
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Quote:
Originally Posted by MaMood View Post
For me it is somewhat unbelievable, but are you really dancing without any kind of market information other than that, which you are reading in your charts?

Yes I have read the whole thread and I know your answer will be "yes".

But I still have to get used to this way of feeling the market. I'm feeling much more confortable, when I have some market news/rumors at my side.

For example when I get some hints, that the CBs will do some action, I'll play with reduced sizes ...
When I know the japan importers will have a strong demand on USD, than I can dance much better ...

And you are completely "naked", bare of this kind of info???
Hi MaMood,

While at the banks, I always had good info and paper sightings, keeping me much more informed.
But now that I am on my own, sorry no such liberties.

Moreover , even hile at the banks, I didn't dpended on too much. Once I could get the info to time and in the ride , I just watch her behaviour, more than anything. As my focus is very intense on price gyration, thoughts on other issues get in the way of the focus.
But of course when she behave AB normal, then I seek to see if there is any reasons why.
Others opinions and info, jus gets in my focus span when on rides.
If my style , is suits you, will will get to theis appreciation, as you go along.

regards

While trying to show my blotter live, I did missed 2 hits while trying to report to thread one of which was the last attack at 78, the hit was supposed to have been at 82 and another 5 at 78. Fortunately I pumped the 8 @78 and couldn't go further on the 5 as I was miss timed and out of sync for a little there. That was a little expensive.
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  #3731  
Old Jul 22, 2008 11:34am
fti
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Member Since Nov 2007
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Hi,
If there is nothing else, I shall take my leave ,
The NY afternoon session , these guys dance weird
with possible gapping jerks , so I have to be very on the ball.

I hope many of you, enjoyed the ride along.

Trade well, Good fortune.

regards

Now where did she go,
turn my back for a while and she disappears.
Naught girl !
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  #3746  
Old Jul 22, 2008 2:52pm
fti
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Member Since Nov 2007
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Hi ALL,
I see you guys have been busy.

mom , will chat after cme close.

WARNING
don't be carrying too heavy Long USD overnight.
Light managable positions only.
remember when you pump water , once the pumping stops it will seek new equilibrium,
Light manageable possition shold suface.
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  #3747  
Old Jul 22, 2008 3:16pm
fti
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Member Since Nov 2007
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Hi ALL,
I'm back,
Alot happened, here huh.

Firstly , Leighsww, I am sorry that you feel that way, however, I shall respet your decision. whip myself, for posting about your leaving.

OK, thanks many here who have been patience.
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  #3748  
Old Jul 22, 2008 3:25pm
fti
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Member Since Nov 2007
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Quote:
Originally Posted by ksl View Post
I think that is the key word for me Intense focus, I noticed my trading is good at a level of intensity but maintaining that consistently is another story.

Here is a genius who mentioned you have have a certain level of concentration and then the success is yours

http://www.youtube.com/watch?v=oQif2...eature=related

Regards
Thanks ksl for the link.
Had not finish watching all, te lins, but I get the message,
It is very wise, focus and cocentration as you have uncovered,
it is a strong component in the success mix.

regards
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  #3749  
Old Jul 22, 2008 3:44pm
fti
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Quote:
Originally Posted by auxesis View Post
FTI,

Once again thanks for taking the time to update, the info is very valuable and as all can see costly at times for the author.

We be sitting just above 83/90 level, interested to see if it will crack before lunch/today.

regards,

a
Thanks auxesis,
From the on set, I took up the task to see if I could impart some skills to the people open enough to learn esp to enhance Leighsww's learning capacity.. I guess in many ways mentoring required some sacrifices.
I thanks you , because you were sharp to have higlighted that paul was gonna lip us. And of course thanks to Lusan for excerpts of the event.

In alot of ways, what many witness here was bad performance on my part.
Any proficient market maker would have done much better than my performance. Unfortunately many are not privy to their access. They would be now out drinking their hearts away for the days market.

Let me explain,It was my bad that after a tight session, I left a scout open.
In all essence my biggest mistake was to have come back to the market late from dinner, having full knowledge that the market was in a coil and ready to pounch, moreover I underestimated the power of the fomc's capacity to pull a fast one. But really, I am a little rusty.

Some good lessons can be extracted from this handheld session .
One very glaring one was that after the doing away wit the dining scout. The position was on a doubled base, which would be the correctway to turn onwind. But unfortunately due to that my positions are not micro lots and the foreign captalisation was not too fantastic, which somehow held my hands back and I went on a minimum skew . Notes how my position skewed 2,3,5,8,13,8 before the retraction. The corrct one would have been 2,6,8,14,... then the spiral within the spiral of 8,5,3,2, was abandoned due to my disorientation , as I had explained earlier. In many ways if you were to simulate a recap of the situation , you may realise that I had mised out on a big chunk of pips, this I hide behind my rusty skills as an excuse.

Further, My scrambling to winddown the risk, also dure to rustyness, had compressed the gain pips, otherwise from hindsight, could have been eased into much lower zones while I was chating on the thread. as you may have noticed I turned back to the market and I couldn't find (her). Lost of focus on my part.

In alittle way although I did make good $$ from the run, My performance was sloppy. as you may also noticed that a fortune teller surfaced to tell me how much better Icould have outdone myself.

Having said all this, I am to the realisation that, I must get myself back to shape, whip, whip, esp energy wise as I was tired to be unable to have performed and lead the thread in the utmost efficiency.
For that I apologise.

regards

Last edited by fti, Jul 22, 2008 4:32pm
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Old Jul 22, 2008 4:07pm
fti
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Originally Posted by maheswara View Post
yes , but boy , did u see that skew ... to add so aggressively ... u ll be stretching ur profit like anything ... there is something in my head that keeps me from winning too large , kinda like satisfaction or contended from winning small ... i think after seeing fti attacks i wont be liking small wins anymore ...
Hi maheswara,
Thank you for your aweness.
In fact , as I had explained (above posting), I had err and had stumbled in a few ways. I understand that you are not as experienced to have notices. But a pro would. In effects what you witness was me making sloppy decisions. and quite some glaring ones.

If you would analyse the sequense of events closely, My kill zone was only close to 40% of range. Based on Average daily true range basis, I had under performed. However I am happy with my pips, but I gotta get into shape, before the market whips me for my inefficiency.

And based on what you mentioned about your inability to add to win, then you must really review your MO and mindset. This is important if you are serious about this endeavour.

regards
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