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Technical Analysis Fallacy

  • #60,841
  • Edited 8:28am Feb 27, 2020 7:20am | Edited 8:28am
Quoting fti
No problem.i love profit books.


About TP.
My trading platform offers me the ability to scale out each of my positions individually to the extent that I prefer.
That is an incredible advantage (that multiply the number of possible variations).
I can also choose a global / total "closing all" mode in quantity (in one clic),
leaving always on the terrain my first entries in the ammount I prefer.
Hope it make sense.
  • #60,842
  • Feb 27, 2020 8:28am Feb 27, 2020 8:28am
Quoting Jupiter
{quote} About TP. My trading platform offers me the ability to scale out each of my positions individually to the extent that I prefer. That is an incredible advantage. I can also choose a global / total "closing all" mode in quantity (in one clic), leaving always on the terrain my first entries in the ammmount I prefer. Hope it make sense.
No make sense to cash traders.
If it makes money, its good practise.
No need sense just need best practises.

Regards
  • #60,843
  • Feb 27, 2020 8:32am Feb 27, 2020 8:32am
Banking! @ 300. Done! Scouts always in.
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  • #60,844
  • Feb 27, 2020 9:37am Feb 27, 2020 9:37am
Reloaded and @206 closed all! Thanks again for the attention.
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  • #60,845
  • Feb 27, 2020 10:27am Feb 27, 2020 10:27am
Quoting fti
Floating profits is an illusion. Regards.
If I well understood your comment...
With my broker's platform when I close a trade I don't receive a signal of "Trade Close."
(No triangle, sticker or any mark on my chart)
Apart, separated, I have a chronology chart option with all the actions and the totals but not the single positions splitted.
So if I want to offer my dance to your judgement (or have a copy of it for my journal) I have to post a chart still open!

The only detailed image I receive is the blotter.
This is why I often post them (just the minor, the not so "offensive" ones!)
  • #60,846
  • Feb 28, 2020 8:00am Feb 28, 2020 8:00am
Coronavirus outbreak 'getting bigger' - WHO - BBC News
https://www.bbc.co.uk/news/live/world-51669434

Ok now you need be defensive.
They noticed their stupidity.
Watch out panic sellers and rebounds.
Heard vacine news, bill gates not sold out yet.

Just confirm ask any taxi driver.
If they shorti you bail out tp fast.
Wait rally and then disappointed news.

Regards
  • #60,847
  • Edited 10:49am Feb 28, 2020 10:31am | Edited 10:49am
Dedicated to my dear master, Phil and every one who worked for my betterment,

capital is 19K at this instance. till today i have 8/8 winning streak.
time frame is 15min
indian stock market opens at 9:15 hrs and close at 15:30 hrs (local time)

2/8
chart
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positions after closing
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order sheet
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3/8
chart
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order sheet
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4/8
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5/8
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please provide with your inputs on what is the worst danger, i may face. i have figured out, if i am in a downtrend and if i turn i will be still fine ... but if the downtrend resumes, then i will get hit considerably. with this dream kind of winning streak, i think, i will be fine in the long run.


finally, i think i have found my niche. since its is stock market i can define my risk parameters very finely on how much level of martingale i can take.
  • #60,848
  • Feb 28, 2020 10:37am Feb 28, 2020 10:37am
contd ....

6/8
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7/8
dancing with 2 girls at the same time.
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8/8
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  • #60,849
  • Feb 28, 2020 10:50am Feb 28, 2020 10:50am
just for info:
this market is not small either w.r.t derivatives

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  • #60,850
  • Feb 28, 2020 11:45am Feb 28, 2020 11:45am
Quoting pannet1
please provide with your inputs on what is the worst danger, i may face.
.
Don't be ........ In a down trend market even if is extended wave 5 you do not trade long.
Your worst danger you may face is your own dang scorpion.

You not want trade short is ok but buying now is only for fools. Trying make money trading against trend with a position scaling mo is suicide. Don't be a......

Regards

Same with stupid people with copyrights issues at youtube.
They stupid and poor.

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  • #60,851
  • Feb 28, 2020 11:51am Feb 28, 2020 11:51am
They not the only holes in the world.

Same but bigger and better.

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  • #60,852
  • Feb 28, 2020 11:55am Feb 28, 2020 11:55am
If you no want listen to ghost.
This one is even alive. Thank you.
No need give candles.

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  • #60,853
  • Edited 12:24pm Feb 28, 2020 11:57am | Edited 12:24pm
Anyway not know the language no get the advice. I guess. Might as well be blank video.

Regards

The candles looks delicious.
Let me guess.
Eeeeer from wuhan?
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Eeeer chinese way easier.
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Jiang zi.
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https://www.thetablet.co.uk/news/125...ss-due-to-cold
  • #60,854
  • Feb 28, 2020 12:32pm Feb 28, 2020 12:32pm
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  • #60,855
  • Feb 28, 2020 7:28pm Feb 28, 2020 7:28pm
1 zhu pu liang.
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2 zhu ge liang.
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  • #60,856
  • Feb 28, 2020 7:32pm Feb 28, 2020 7:32pm
Singles bra all out of stock.
Only have cow multibras.
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  • #60,857
  • Edited 7:53pm Feb 28, 2020 7:41pm | Edited 7:53pm
Cowsbra only have c cup.
"China" clay

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Ok who's fuc king all the cows.
Otherwise where comes milk if they not pragnant?
Bastard humans again.
Do evil just to get milk.
Do evil just to get corona. Serve you right.
They same as locust.
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  • #60,858
  • Feb 28, 2020 7:53pm Feb 28, 2020 7:53pm
Quoting fti
If you no want listen to ghost. This one is even alive. Thank you. No need give candles. https://youtu.be/S-blFZunkT8
Ghost got special kick le.
Some more ghost long time girlfriend liao. So swee
Know what you trade
  • #60,859
  • Edited 8:22pm Feb 28, 2020 8:01pm | Edited 8:22pm
Quoting fti
{quote} Don't be ........ In a down trend market even if is extended wave 5 you do not trade long. Your worst danger you may face is your own dang scorpion. You not want trade short is ok but buying now is only for fools. Trying make money trading against trend with a position scaling mo is suicide. Don't be a...... Regards Same with stupid people with copyrights issues at youtube. They stupid and poor. https://youtu.be/qDnViS7NHWM
thank you. thank you chief. nalla irukengala !

so the way i see the trend in the trading timeframe is wrong. to show clearly what i am doing.
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at B(reakout), i thought i have a trend change. -4 in trouble, so i turn and go long 12. actually i have booked loss on -4 in trouble and i have 8 scout. remove some risk off the table on the next close (-4). so i have another 4 to take loss. worst thing that can happen with this idea is, i get into a false break out and kill the 8 scout on the 3 bar low.


what you propose.
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while the scheme may look clever at the outset. 8/8 pictured above clearly shows what you mean by downtrend.
at 8/8, i would have my structural pivot trailing line plotted at a new interim high (at that time) and eventually broke from down which inturn became the 2nd high of the day. so, i would have turned long on the 2nd top of the market and taken the SL on the 3 bar low. Though actually during trading, I did not trail, because the new highs were formed at a very slow phase and i still kept my turning long pending order near the day's high (Sorry so many edits)
  • #60,860
  • Edited 8:26pm Feb 28, 2020 8:15pm | Edited 8:26pm
cont ... d (to avoid lots of edits)

if the attack plays out well, i am scaling out. only turns and taking loss are triggered by price. otherwise. adding positions and removing risks off table are done only every 15 minutes (the time frame i trade). in a downtrend, trade every bullish bar (if i am comfortable) and cover some quantities on every bearish bar. pass the doji and neutral candles (or correct the mistakes scale out/in).

in the above, i did not scale out because i only had the scout when it played well. as soon as the mild 3 quantity attack was sent. its basically LIFO. If last one is not profitable then remove the next one that is profitable (during attack).

in the what you propose (pictured above), rescue complete at 264 (it has to be 8+48+192+264 = 512).
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