Pull up a 15 min or 30 min chart and put on a fibo retracement of the last rally and look at what it tells you.... image

Daily/Intraday Momentum Analysis

No frills AOW — Hi P_C - thanks for that clarified version of the AOW - I'd already started pulling it down chapter by chapter and this has saved me the work. I'll do my AOW homework over the weekend - mustn't get into the Boss Lady's bad ...

Technical Analysis Fallacy

Good morning Gene - thanks for your thoughts, another super analysis. A pull back today to the 50% area - around 227.50 or even to the daily M2 around 227.30 - close to the much used 35 level - would seem a logical "adjustment". What "power in" on ...

Lazy analyses thread

I was out for the European afternoon - and flat - returning a couple of hours after the "event" - WOW I see a 105 pip 1 min bar on the announcement - although a + 150 on thge half hour run up into it - I wonder how many were in on the info! I was ...

Lazy analyses thread

FTI's take on this afternoon's Central Bank intervention was illuminating and reminded me of a number of articles on US and other countries debts that I have read during the past few weeks. Amongst these was the suggestion that, in order to avoid an ...

Technical Analysis Fallacy

NOTE: The above story is true. It serves as a reminder to all of us to live life to the fullest. Live everyday, as if it will be your last, one day it will be true. For today, be the best you can be. Thank you for your many wonderful and interesting ...

Technical Analysis Fallacy

Just got up and see that this thread added 7 pages in the last 24 hours - some long posts that I need to go over again - like Leigh, I tend to miss things on my first reading. Following FTIs suggestion that I review my chart set up I went back and ...

Technical Analysis Fallacy

Its worth remembering that 225.55 is a key area - it was resistance twice last Thursday, support twice on this Tuesday and resistance late yesterday. Its just been rejected again for a 65 pip pull back, so how price reacts to it next will be ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Mind over Matter — I'm now trying to encourage my right brain to take a more active part in my trading and this analogy popped up as soon as I read FTI's post..... A senior trader was mentoring a newbie when one of his new probationary dealers ...

Technical Analysis Fallacy

LOL - it does seem that all threads need a childrens playtime to work off our frustrations. When you have a moment, I'd appreciate some guidance with my "wrong assumptions" "I could havr in 1 posting gave you the summary, like what Islander did.(and ...

Technical Analysis Fallacy

Thanks for the reply - I decided to post firstly to help me sumarize my interpretation of what I have learnt so far and secondly to stimulate replies that would correct my mistakes and expand on my summary. As FTI has not yet discussed MM, I have ...

Technical Analysis Fallacy

Day Trading GBPJPY - Work in Progress — Drilling down to the 5 min chart, whilst price had fallen, by 6:30 GMT it had held three times at the Daily M2 line and as Europe woke up it moved up, above the Daily Pivot and towards its last swing ...

Technical Analysis Fallacy

Day Trading GBPJPY - Work in Progress — From my earlier post, I'm now applying some of the ideas that I mentioned. Whilst I'm not yet ready to bare all, I have got rid of an indicator screen and now only have 2 types of MA on my price chart - ...

Technical Analysis Fallacy

For me, its going to take some time to assimilate the wealth of information that FTI is providing. However, given the time constraints imposed by his impending vacation and my own commitments, I going to put down my thoughts to date. We now have a ...

Technical Analysis Fallacy

Nice to see someone else posting UJ and GU analysis to help with GJ. Could you please resize your charts - i.e. reduce - as they currently cause the thread to maximise which is a right PIA......thanks image

Daily GBP/JPY analysis

Thanks for your analysis - especially the time part which is sadly lacking elsewhere - also your putting together UJ and GU to form the picture for GJ. I'll not clutter up your thread with any charts, but just note that so far this morning, UJ has ...

Lazy analyses thread

The short Sunday session causes the pivot indicators to give incorrect readings - I turn mine off on Mondays and I use one of the manual calculators with Fridays data - adjusted for any new high or low in the Sunday session.

Auslanco - GBP/JPY and GBP/USD (newstrade)

GM Gene - I'v got similar gaps on 3 different MT4 platforms - ~228.79 to ~228.49

Daily/Intraday Momentum Analysis

Good morning FTI and thank you for starting such a valuable and thought provoking thread. Last week I decided to simplify my trading, get rid of clutter and start watching just the price and its reaction around key levels....then yesterday I ...

Technical Analysis Fallacy

Dont waste your time with those asinine posts, just click the report icon and let the mod deal with them

Auslanco - GBP/JPY and GBP/USD (newstrade)