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Technical Analysis Fallacy

  • #58,781
  • May 22, 2019 10:49am May 22, 2019 10:49am
Quoting GEfx
Looking at the GBP, another Brexit-related rumor just hit, saying May will resign tonight. Unsubstantiated rumor. It's another wild ride and I'm glad I got flat earlier. Maybe time to jump back in? Wait for the denial, or confirmation.
Hahahaha.
You lied.
You was not resting.
You was scouting.

Hahahaha
Me going resting now.
Have a good one.

Regards
  • #58,782
  • Edited 12:36pm May 22, 2019 10:51am | Edited 12:36pm
Quoting ftirecovers
If you could had "find it yourself". You wouldn't be here.
Something that I perfectly know, and I repeated in all my posts. Everywhere.
It was only thanks to you that I find my path.
Only that I can't stand to see your precious work "Ill-treated" and the history of trading ignored.
That's all.
Sorry if I gave you (or anyone here) a wrong impression.

Quoting ftirecovers
{quote} Eeer have you read the "1 minute manager " yet..
Nice one, again. Got your point! Yes, I'm - and I always have been - the type of guy in "Combat Uniform".
Very appreciated by my Clients/Customers... but not by my men and colleagues.

Quoting Jupiter
I was simply and Just fighting against the losers' mindset that it is so typical on FF... in my passionate Italian style.
Yes I exaggerated... was my premise and is my conclusion. But I have to.
Thanks for your patience with me. And bye.

I'll give you the image in large size. OK? Just to punish me.
Attached Image
  • #58,783
  • May 22, 2019 11:05am May 22, 2019 11:05am
Quoting ftirecovers
{quote} Hahahaha. You lied. You was not resting. You was scouting. Hahahaha Me going resting now. Have a good one. Regards
LOL...yes I was!
  • #58,784
  • May 22, 2019 11:16am May 22, 2019 11:16am
Quoting GEfx
Looking at the GBP, another Brexit-related rumor just hit, saying May will resign tonight. Unsubstantiated rumor. It's another wild ride and I'm glad I got flat earlier. Maybe time to jump back in? Wait for the denial, or confirmation.
I couldn't help jumping back in earlier. I've been very greedy today. All square again and time to stop I think - it's 23.16 here now.
  • #58,785
  • May 22, 2019 12:14pm May 22, 2019 12:14pm
Quoting ftirecovers
{quote} I f you have journal post link here for my peruse when you update. Friends complain I never visit their journals. No one gave notice they updated or even have a journal. I am not supernatural know when they updated with important stuff or when they talking with their community. https://youtu.be/u51nc-ZsvzM

Here's a link to my journal. Nothing special...just my attempt to document my learning process/ mindset(a few trades here and there but mostly mindset development). If you feel inclined, check it out. but please, health and happiness for you comes first.

https://www.forexfactory.com/showthr...3#post12286633
  • #58,786
  • May 22, 2019 12:29pm May 22, 2019 12:29pm
Quoting ukmanthailan
{quote} I couldn't help jumping back in earlier. I've been very greedy today. All square again and time to stop I think - it's 23.16 here now.
It's 10:26 AM here, and I am now truly done for the rest of the week. Charts are off and all my paperwork and logs are completed. I left my charts on while finishing up the week and saw the jump. I didn't enter a trade, but thought about it. Fti caught me! LOL. Get some sleep and good trading for the remainder of the week.
  • #58,787
  • May 22, 2019 12:51pm May 22, 2019 12:51pm
Quoting GEfx
{quote} It's 10:26 AM here, and I am now truly done for the rest of the week. Charts are off and all my paperwork and logs are completed. I left my charts on while finishing up the week and saw the jump. I didn't enter a trade, but thought about it. Fti caught me! LOL. Get some sleep and good trading for the remainder of the week.
Thank you, I will try to sleep now. Enjoy your day
  • #58,788
  • May 22, 2019 3:29pm May 22, 2019 3:29pm
Quoting fti
{quote} you know at the banks. when we needed deal size. we called out 8 banks of all zones, just trying fig out where the markets should be at. and we trade only less than 1 % of banks net worth. nowadays i see some peeps trade all their savings, and they depend on prices from less than 3 brokers which probably on same pool. sometimes i wonder , with so much trade experience , why i always trading 10 pips away from markets. anything i do retail, 1st thing is see it 10 pips against me in the 1st 10 mins after. ai ya what a horrible...

came across this post after searching for the 3 blind men story. You suggested to look at multiple broker feeds to get the feel of markets. Just curious if you think the Forex Factory Market Data application is sufficient for tracking general retail market? Supposedly aggregates prices in real time from a good amount of brokers. That post just sparked my curiousity on the subject.
  • #58,789
  • May 22, 2019 3:53pm May 22, 2019 3:53pm
Quoting ftirecovers
https://www.facebook.com/16838328385...2229060134475/
ahhhh...very very good one maestro fti...
  • #58,790
  • May 23, 2019 1:09am May 23, 2019 1:09am
Quoting ftirecovers
{quote} Hahahahahaha, Right or wrong. Lose money. Gets walking cert. Regards
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Not to Advance is to Fall Back
  • #58,791
  • May 23, 2019 1:24am May 23, 2019 1:24am
Quoting dbrown101
{quote} came across this post after searching for the 3 blind men story. You suggested to look at multiple broker feeds to get the feel of markets. Just curious if you think the Forex Factory Market Data application is sufficient for tracking general retail market? Supposedly aggregates prices in real time from a good amount of brokers. That post just sparked my curiousity on the subject.
Eeer dbrown,
What you get from ff prices is general market quotes from their sources.
For traders.
Whats the use if i make you a choice price, of which you have no lines and mode to deal with me?

So to traders their source of prices should be those whereby they can deal.
If you are big player, you will have many counterparties making prices. You need to know if the counterparties are scamming you with "out of market range prices" .
So ff prices cann be used as benchmark, if you find they inline with many counterparties.
Some very efficient maker makers may be 15 minutes ahead of the crowd. If they are members of the big 7 who can do open market operations for CBs. To my knowledge all the big 7 who i was in contact with are all gone to heaven/hell. I only know that i am still not gone. So you need find out from players who the current primary market makers are.

Regards

I not sure, but maybe i was last generation of primary market makers. This i sensed because CBs declared that market price stability is non of their businwss already. And i never hear sny do open market ops nowadays they seem prefer ambush market psrticipants. Esp i saw started with swissyCB.
  • #58,792
  • May 23, 2019 1:35am May 23, 2019 1:35am
Quoting ftirecovers
{quote} nowadays they seem prefer ambush market psrticipants. Esp i saw started with swissyCB.
Inserted Video
Not to Advance is to Fall Back
  • #58,793
  • May 23, 2019 1:38am May 23, 2019 1:38am
Quoting Exnav
{quote} https://www.youtube.com/watch?v=x9ffXnJQ0xE

Oh, hahahaha,
Inserted Video


Regards
  • #58,794
  • Edited 2:26am May 23, 2019 1:53am | Edited 2:26am
Quoting ftirecovers
{quote} Oh, hahahaha, https://youtu.be/3NtQV3eFNQQ Regards
Dear Fti, it's cool indeed since it's so natural. Maybe this is also a bit of serious (not psychological?):

Inserted Video


Best regards
Not to Advance is to Fall Back
  • #58,795
  • May 23, 2019 11:20am May 23, 2019 11:20am
A bit of a rollercoaster ride on cable for me today. I was shaking when I closed my last positions . Made a nice profit on the day but it's the second day in a row that I've 'turned on the wind' and that's not something I like doing on a regular basis.
  • #58,796
  • May 24, 2019 2:19am May 24, 2019 2:19am
Quoting ukmanthailan
A bit of a rollercoaster ride on cable for me today. I was shaking when I closed my last positions . Made a nice profit on the day but it's the second day in a row that I've 'turned on the wind' and that's not something I like doing on a regular basis.

Hahaha ukman,

Coming out with +book meams you are skillful.
Mostly it shows that you are spending lots time and energy mansging your risk. Hallmarks of a pro trader.
If you keep need turning, it would indicate that you scout process may have some analysis weakness.
Take a check on that, see if you can improve that.

If you can fix that then you may start enjoy the attacks which will be bigger pips piles.

Good one my friend.
Regards.
  • #58,797
  • May 24, 2019 3:36am May 24, 2019 3:36am
Quoting ftirecovers
{quote} Hahaha ukman, Coming out with +book meams you are skillful. Mostly it shows that you are spending lots time and energy mansging your risk. Hallmarks of a pro trader. If you keep need turning, it would indicate that you scout process may have some analysis weakness. Take a check on that, see if you can improve that. If you can fix that then you may start enjoy the attacks which will be bigger pips piles. Good one my friend. Regards.
Thank you very much. I was thinking the same thing about my analysis, it definitely needs some work. But thanks to you, my bad days in the market end with a profit and become good days - that would never have happened if you hadn't started this thread. As you said a long time ago, trading is a very lonely occupation but it feels a lot less lonely when you're making money.
  • #58,798
  • May 24, 2019 9:14am May 24, 2019 9:14am
I hope everybody has a relaxing weekend.
  • #58,799
  • May 24, 2019 12:06pm May 24, 2019 12:06pm
https://www.bbc.co.uk/news/technology-48380504

Hahahahahaha
Eeeer
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  • #58,800
  • May 24, 2019 12:38pm May 24, 2019 12:38pm
Ooooi ch___ck,

Where are u?

Breaking news without markets hshahsha.

I saw this on the BBC and thought you should see it:
Theresa May quits: UK set for new PM by end of July - https://www.bbc.co.uk/news/uk-politics-48395905
Regards
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