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The Ultimate Fallacy in Technical Analysis 99 replies
"Technical Analysis Fallacy" thread people, I need your help 54 replies
Technical Analysis Fallacy Redux 23 replies
Statistical analysis fallacy 33 replies
Dislikedok, i have another misconceived. i have very little knowledge on the economy land. it means i have much home work to do, also learn to recognise the news that have significant impact to market. RegardsIgnored
Dislikedothers who had succesfully learned nimbleness from the thread should so as you doing. you will be more powerful. beccause you scarifice safety for performance. But never lose your mindset. If possible have someone audit you mind from time to time. regardsIgnored
DislikedHi fti I hope you are feeling better within yourself now as you sound as if you are. I am sorry for not understand this but who and/or how do you get someone to audit your mindset? Regards Phil.Ignored
Dislikedfor you i have a suggestion. go down to the smallest trading size you can live with. then you build. like ant work. everytime you meet 300% of risk capital, then re-adjust your minimum up 30% of base. do this 7 years learning every trick markets knows, then when you learned the lessons, you conclude. i bet by then you will understand and continue as when you started. I don't want hear any excuses. make sure your siralling is at least 7 layers deep and 7 of 7 and 7 of 7. (this just guide) i know you will know stuff more powerful than this....Ignored
DislikedNeed be someone who knows you well. Family or good friends who themselves are traders. When you performing well, you have a certain mindset that eminates into your behaviour. when there is change your behaviour will also change very evidently. When one interrects, one can detect subtle changes. When one talking cock sure of something then one knows the bias moved in overshadow the mind. Can do this when book bottom line begins to deviate from norm. trying crawl back to basic when detected can create environment shield one from making big mistakes...Ignored
DislikedToday I have trade GJ pair. I have enter a area a overbought area using bolinger band with setup: Period =12, Deviation =2 At 12pm (GMT +8:00), I enter 0.1 lot (equivalent to 1000 unit) of SELL (at overbought area). Quickly this become dead water. since then, I try doing: 0.1 lot rescue 0.1 lot rescue but fail! so I close 1x 0.1lot. But later, I reenter with 1x0.1lot. But the market seem never stop, it keep on rally. then, I try reenter: 0.3lot rescue at 142.168. 0.1lot rescue at 142.248. All Fail. All terminated at 143.830 since I reach 2%...Ignored
Dislikedthanks Fti. about MM, i have tried to figure out what spiral within spiral means, but got no clue. is it layering the reserves equity to prepare rescue and attack mode? once, i found out the first position is very unsignificant to the next positions. since i just using single position almost all the time. but, i know my MO will evolving along the time..Ignored
DislikedToday I have trade GJ pair. I have enter a area a overbought area using bolinger band with setup: Period =12, Deviation =2 At 12pm (GMT +8:00), I enter 0.1 lot (equivalent to 1000 unit) of SELL (at overbought area). Quickly this become dead water. since then, I try doing: 0.1 lot rescue 0.1 lot rescue but fail! so I close 1x 0.1lot. But later, I reenter with 1x0.1lot. But the market seem never stop, it keep on rally. then, I try reenter: 0.3lot rescue at 142.168. 0.1lot rescue at 142.248. All Fail. All terminated at 143.830 since I reach 2%...Ignored
Dislikedis allover the thread. you still have lots reading and experimentation to do. Generally is about mm. stare at picture and see if you can catch some fresh air. oh is not for hypnosis, there is a picture of somthing in it. Not airplane either. {image}Ignored
Dislikedok, i got the clue. before came to this thread. i have plenty exercise with fibonacci thingy and some harmonic patterns. well, it's not futile at all. at least i could apply some of it on the MM. i must admit, i'm over gearing on the MM. my principal risk is 50% of equity. and 10% per single trade. since i have not mature yet on MO, i got killed after making doubled my account within a week. so, i had think about my weakness on the MM too. wow, i guess you was guestimate my weakness on the MM. since traders will not get killed...Ignored
Dislikedok, i got the clue. before came to this thread. i have plenty exercise with fibonacci thingy and some harmonic patterns. well, it's not futile at all. at least i could apply some of it on the MM. i must admit, i'm over gearing on the MM. my principal risk is 50% of equity. and 10% per single trade. since i have not mature yet on MO, i got killed after making doubled my account within a week. so, i had think about my weakness on the MM too. wow, i guess you was guestimate my weakness on the MM. since traders will not get killed...Ignored
Dislikedambition must be managed hor. Only reason i gave you 7 layers is because even God rested after 7 days of our shit. by 7 , i am sure the pressure would be high enough, if someone opened your lid will be explosion. so not be rigid , just a guide. help you see the compounding calculus. you need find that equilibrium between performance and riskwhich you can live with. you are intelligent chap, I'm sure you will figure it out. regards by the way 7 layers is minimum 3 is with training wheel. begining thread i gave 3 because i not wanted any frinds...Ignored