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Technical Analysis Fallacy

  • #58,901
  • Jun 2, 2019 6:45pm Jun 2, 2019 6:45pm
Monday tue, wen, hedgers squaring.
Thursday.

Regards
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  • #58,902
  • Jun 2, 2019 6:55pm Jun 2, 2019 6:55pm
Quoting ftirecovers
{quote} Watch 2 way vola. Now waiting for ccp respondse. Us seems upper hand yet. The ccp respondse mild. For now us leading dance. Check any us trade and economic figs on calander. Watch trade deficit if improves or not. Otherwise us will plan b. Beware size. Volatility will be high. Trade well. Regards
Thanks fti. And I've read several articles this weekend regarding US companies making plans for a long-term shift in US-China relations, for example, US/Australian joint venture in Texas to set up a rare minerals refinery operation, and several companies beginning to build or planning to build rare mineral mining operations in the Western US. Lots of moving parts on the global trade story, and more being added every week. Keeping my trades under very close scrutiny at all times.
  • #58,903
  • Jun 2, 2019 6:57pm Jun 2, 2019 6:57pm
Quoting ftirecovers
Monday tue, wen, hedgers squaring. Thursday. Regards {image}
Yes, my thinking exactly. Keeping a watchful eye on square up opportunities in preparation for Thursday. Of course, I have no idea where it's going, but I would not be surprised.
  • #58,904
  • Jun 2, 2019 7:56pm Jun 2, 2019 7:56pm
This guy knows the power of Sun Tzu on the Art of War

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  • #58,905
  • Edited 10:44pm Jun 2, 2019 8:18pm | Edited 10:44pm
fti you are back! Hope you are doing well. Just want to say thank you, your posts taught me how to trade. Finally understand what you meant by flowing with the markets and rigidity, understanding market structure etc.. Still got a lot to learn though, miss quite alot of big moves lately but still profitable. Thank you so much.
Praying for your complete recovery. Keep believing in the Word of God for healing. God wants you well. God bless, fti!
  • #58,906
  • Jun 3, 2019 8:21am Jun 3, 2019 8:21am
Quoting ukmanthailan
{quote} Wouldn't you be better off trading the majors? I know if I tried trading the THB, the spread would kill me (maybe the spread on INR is a lot more competitive though?)
the KRW should have the tightest spread(among all asian NDFs) but what broker are you guys using for NDF? I have yet to find a retail bro with NDF .. any good reliabe ones around?
thanks

rgds
Fall in love with the process, and the outcome takes care of itself.
  • #58,907
  • Jun 3, 2019 8:49am Jun 3, 2019 8:49am
Quoting RelaxRay
{quote} the KRW should have the tightest spread(among all asian NDFs) but what broker are you guys using for NDF? I have yet to find a retail bro with NDF .. any good reliabe ones around? thanks rgds
I'm not trading any of them, I just remember how wide the THB spread was, on Oanda I think it was, although I could be wrong, it was a long time ago.
  • #58,908
  • Jun 3, 2019 8:32pm Jun 3, 2019 8:32pm
Quoting zfm
fti you are back! Hope you are doing well. Just want to say thank you, your posts taught me how to trade. Finally understand what you meant by flowing with the markets and rigidity, understanding market structure etc.. Still got a lot to learn though, miss quite alot of big moves lately but still profitable. Thank you so much. Praying for your complete recovery. Keep believing in the Word of God for healing. God wants you well. God bless, fti!
Hi.
Yes, thank you for your kind words.

Regards
  • #58,909
  • Jun 3, 2019 8:33pm Jun 3, 2019 8:33pm
Hi Fti

Welcome back......

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trading is simple but is simple is not easy.
  • #58,910
  • Jun 3, 2019 8:35pm Jun 3, 2019 8:35pm
Quoting ZenNy
Hi Fti Welcome back...... https://www.youtube.com/watch?v=IxeL8wpyy2w
Hi,


Regards
  • #58,911
  • Jun 4, 2019 6:04pm Jun 4, 2019 6:04pm
I've developed a special interest in both the GA and the EA. Could take several weeks to unfold, but these 2 have wonderful structure and possibilities. Summer trading rules are in effect.
  • #58,912
  • Jun 5, 2019 3:43am Jun 5, 2019 3:43am
US ends special trade treatment for India

https://www.bbc.co.uk/news/world-asia-india-48482988
  • #58,913
  • Jun 5, 2019 3:44am Jun 5, 2019 3:44am
Trump Puts Tariffs on India, Considers Australia


https://moneymaven.io/mishtalk/econo...063DCqqTQG5YQ/


https://www.nytimes.com/2019/06/02/b...a-tariffs.html
  • #58,914
  • Jun 5, 2019 4:01am Jun 5, 2019 4:01am
Vietnam's trade with the United States rose 36.51 percent, from $13.51 billion to $18.44 billion through the first three months of 2019....

https://www.ustradenumbers.com/country/vietnam/
  • #58,915
  • Jun 5, 2019 4:19am Jun 5, 2019 4:19am
Donald Trump told Theresa May to sue the EU over Brexit

https://www.businessinsider.com/r-br...t-2018-7/?IR=T
  • #58,916
  • Jun 5, 2019 4:54am Jun 5, 2019 4:54am
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  • #58,917
  • Jun 5, 2019 5:07am Jun 5, 2019 5:07am
China has purchased record amounts of soybeans from Russia.....

https://www.axios.com/china-soy-bean...d20dd6bbc.html
  • #58,918
  • Edited 5:26am Jun 5, 2019 5:11am | Edited 5:26am
ccp VS usa

Centralised planned economy vs Centralised planned economy.

Regards.

Tom will be interesting
https://www.facebook.com/27457844288...6787068399&w=y
  • #58,919
  • Jun 5, 2019 10:27am Jun 5, 2019 10:27am
I've had a much better couple of days trading this week. Not better as in more profitable but more controlled. I've managed to make a good profit without changing directions and behaving like a headless chicken.

After ten + years of trying (with some breaks along the way), I finally feel like I'm doing what I'm supposed to be doing. If I'd applied myself daily for two years at the start, I'd probably have reached this point about 8 years ago but life, and my own lack of commitment, kept getting in the way. I've still got a lot to learn and some bad habits to eradicate but I know what needs to be done and, for the first time since I started trading, I know I can do it.

I think the most difficult thing for me about trading is maintaining complete focus on the price action at the same time as exercising patience. It's a difficult combination: intense concentration on the charts and the ability to wait before making a move, whether I'm trying to rescue a position, add to a position or close positions to take profits. Theres a natural tendency to feel like you should be doing something when you're following the action so closely, which in the past, led to me accumulating overly large positions during periods of consolidation/ distribution.

I don't know if I've articulated that clearly...Put more simply, I used to find it hard to stop myself clicking buttons while exercising a laser-like focus on my charts.
  • #58,920
  • Jun 5, 2019 10:47am Jun 5, 2019 10:47am
Quoting ukmanthailan
I've had a much better couple of days trading this week. Not better as in more profitable but more controlled. I've managed to make a good profit without changing directions and behaving like a headless chicken. After ten + years of trying (with some breaks along the way), I finally feel like I'm doing what I'm supposed to be doing. If I'd applied myself daily for two years at the start, I'd probably have reached this point about 8 years ago but life, and my own lack of commitment, kept getting in the way. I've still got a lot to learn and some...
This sounds so familiar to me. I used to trade with so much emotion while trying to stay focused on PA. It took a few difficult years to break that cycle. I finally decided that since my trading rules were statistically significant and reliable, and that any trade I put on could not hurt me, I could shed the emotion part of it and just stay focused on PA. If PA stops acting as expected, I go have breakfast. It just doesn't bother me any more. I can also sit on my hands now, which was very different from those startup days. I just closed my trades from today with the exception of my long GA. And that it for the day. There was a time that I could not do that, and would be on the charts until the GA was over. Thanks for your posts ukmanthailan. You always hit a note or two with me.
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