Aaahh Gold.....
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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
Large EUR/USD 1.3450 Expiry Today
Nearby option expirations today include vanilla USD/JPY 82.00, 83.00 (so-so large), EUR/USD 1.3450 (E750 mln), 1.3650 and AUD/USD 0.9850 and 0.9910 strikes. USD/JPY 84.00 KOs also still in play, defensive offers ahead, large stops above. (hi)
Copyright 2010 Thomson Reuters - IFRMarkets
DislikedHi,
We can argue until the cows come home, on why, how...
but the fact is that if the impact is not felt in the market place , just accept it.
Trying to split hairs on the issue , will just distract your focus on reality (whats actually happening) and make your mindset rigid. This can prove dangerous to your book.
regardsIgnored
Hi auxesis,
That which marked in red.
Wrong frame of mind.
Stay relaxed, if the retracement comes then react to it,
Otherwise DO NOT THINK about it. Just Flow.
This is where most of the traders fail in.
Thats why traders must have multiple levels and strategies.
The mistaken frame of mind of small traders, is when their positions are in profit, they start looking for take profit levels. and then the frame of mind inhibits their ability to ride.
For position traders ( term positioning), they have the right frame of mind, after positioning profitabily, they put stop loss order and allow the position to ride, using the stop loss as their thinking mechanism. In this MO, they mostly fail due to their inattentiveness to the market, so they do not baby sit their positions and are non reactive to changes , therefore mostly let their profits get eroded from them.
Thinking retracements in a trend ride, paralyses the traders ability to analyse and strategies. Mostly due to their frame of mind being stingy.
This create bad mindset.
regards
DislikedHi MaMood
I also re-study (I trying to quit smoking=nervous I can not trade)
Thanks
Rgs
Pearls of the page 321:
"I think for people with no positions, spare yourself the torture."
... "The challenge, fear vs greed vs ego vs skillful."Ignored
DislikedHi Gro,
my deepest respect for trying to stop smoking.
It is a hard way, but it is worth trying it!
All the best!
NielsIgnored
DislikedThanks MaMood
it is hard on my psyche, but must unlearn "old bad habits" (similary, like to change old bad habits in mindset of the trader).
We'll see how I can handle it but I have several attempts ...
Rgs
PS very important post MaMood 3,094 Posts
"The trader's chief enemies are always boredom from within - Livermore" (once wrote maheswara)Ignored
Dislikedjust don't quit quitting... one day you will succeed... miracles works in mysterious ways sometime goodluck!Ignored
Dislikedand as we come back to e/u 3529, do we get a push up or back down ?
lets see.
a/u 9763 noted.Ignored
Dislikedwill be watching how she responds to the 3529 area.
along with 3 kingdoms watching a/u 9763 area.
looking at wed. e/u daily
3612
3529
3404
(looking at weekly charts 3495)
(looking at quarterly chart 3415)Ignored
Dislikedhard training :
You may take like 5 to 8 year to get good at it.
Every body wants to be champion trader, but champion traders take a lomg long time to train.
Ignored
Disliked
Managed to enter the move on EU near at its low today.
Was scaling in, while going down, so that I'm in now very heavy loaded.
Guess that could become one of my best days till trading FX
Ignored