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Technical Analysis Fallacy

  • #501
  • Dec 10, 2007 10:50pm Dec 10, 2007 10:50pm
hi All,

@ Porkpie
I am the type, that have ZERO tolerance for losses, if I can help it.
It doesn't matter if its small profit or big profit, but loss ??? ahh get out loss.
Absolutely ZERO tolerance for loss.

For me a bad dealer makes , small profits.
a good dealer makes consistantly small profits,
a great dealer kills markets with broad sword,
God profits always.
Only the foolish lose money.

Its alright to be a fool, when we are starting out, or learning the process, to stay that way, all I can say is the CIRCUS's THAT WAY BUDDY. LOL

Sorry,if I seem harsh. But believe me, I even stayed up 24hrs to nurse position even just to recover demo pips.

Porkpie, I have to point out that you have much mistakes in your mindset, that the liars have taught you.

1. There is no such thing as "a method" that can give you edge against the market, its "you" that can cut an edge from the market.

2. Frequently,cutting losses is just a way to reset, and starting the game afresh.
You collect enough of that, you may never come back to the real world.
Of course , we shall not keep fighting for lost causes.
Sure sometimes losses are unavoidable.
But if you harbour that losses is ok, then you're are being blinded.

I advice you, if you want to get your discipline right,
"damage is part of the battle, recovery is essential , victory is the objective." for every trade.
Win enouggh small battles and tweak you mindset , then go win the war.
If you depend on someone else or something else ( high and migthy systems ) to do it for you, then you will become an "arm chair general" to your quest.
Unfortunately we are dealing with real $$, it is for the now, not some computer game.
There is no reset button and start again. Every battle is the continuation of the last.
Every battle must make you better, for the next, if you fail to develop, you shall be road kill.

Sorry for the way , I sound .
I mean good.


@ webfoot,
Sorry for the misunderstandings. My bad. (dealers arrogance)
Being Catholic, snakes, god's most beautiful angel samuel (aka Satan) and the likes hits a vein with me. You're good man, but don't snipe short directionless arrows, beware of mistaken "friendly" return fire.

Trade well, friend.

regards
  • #502
  • Dec 10, 2007 11:01pm Dec 10, 2007 11:01pm
Quoting fti
@ Leighsww,
Don't keep counting your $$. Gotta help some people, huh.
You know some things I have discussed hands on ,so give them some insights, la.
ACK, I am waiting for you to finish your lessons. Also, they want your feedback/assessments. Every time I give feedback/assessment/advice/etc., I get someone calling me arrogant/condescending or something, haha : (okay, I ain't hanging on to that stuff, but just stating a fact, lol).

They want to hear from you for now, my dear (and that is how it should be, you're the expert)

Anyway, I already said that after you finish your lessons, I will help the "unpolished," lol, with understanding this stuff better, and I will at that time
  • #503
  • Dec 10, 2007 11:01pm Dec 10, 2007 11:01pm
Quoting leighsww


http://leighswishingwell.com/lp/emotes/blink.gif

Okay, wait a minute ... how about you make Zoran the first concubine ... errrr, I mean, thread leader and after he gets beheaded due to people's bursts of laughter, then I take over as new leader. Yeah, that sounds like the better plan, no? :
Look I can email you the table of contents, ie MY Sun ZI thingy.
You have had hands held experience, so you ROUGHLY know.
You don't havr to tell them all our little secrets, just guide the SUN ZI thingy.
In my absence, and let them figure it out themselves.
No chart analysis , no setups or how to trade or read and all that stuff.
Just what Sun Zi says and discuss the interpretations.

I learned how I do it from there, So I guess anyone can find it.
A liitle thinking is required, though.
Lets see what type of horses , is built.
Maybe you could come up with something that beats me.
Then you can pubiclly and kinkyly spank my bottoms, LOL

How's about that?

regards

PS:How can lesson ever finish, Its a life long thingy.
Even i am still learning.
I ll come back after the vacations and see if we can study more.
if God premits............................
ok?
another 2 more stories and Im done.
  • #504
  • Dec 10, 2007 11:06pm Dec 10, 2007 11:06pm
Quoting leighsww
Okay, wait a minute ... how about you make Zoran the first concubine ... errrr, I mean, thread leader and after he gets beheaded due to people's bursts of laughter, then I take over as new leader. Yeah, that sounds like the better plan, no? :

lol...who is doing the funky chicken now?
  • #505
  • Dec 10, 2007 11:14pm Dec 10, 2007 11:14pm
Quoting fti
How's about that?

Okay, okay, sheesh!! I help wherever I can, but people you guys call me arrogant or condescending again and I'll whip your bottoms!! : (I promise, my intention is never to sound that way, lol. I just have a "mommy" attitude thingy (ACK, I guess I gotta spank myself now, lol))

Quoting Antra
lol...who is doing the funky chicken now?
ACK, Antra, you want spanking too?! lol
  • #506
  • Dec 10, 2007 11:19pm Dec 10, 2007 11:19pm
Quoting leighsww
Okay, okay, sheesh!! I help wherever I can, but people you guys call me arrogant or condescending again and I'll whip your bottoms!! : (I promise, my intention is never to sound that way, lol. I just have a "mommy" attitude thingy (ACK, I guess I gotta spank myself now, lol))



ACK, Antra, you want spanking too?! lol
Ah HA, caught you, just called yourself mommy.
Now you have to spank you own sexy bottoms in public.

Lets get the crowd to watck, LOL rolling.

regards
  • #507
  • Dec 10, 2007 11:22pm Dec 10, 2007 11:22pm
Quoting fti
Ah HA, caught you, just called yourself mommy.
Now you have to spank you own sexy bottoms in public.

Lets get the crowd to watck, LOL rolling.
Grrrrrr --> http://leighswishingwell.com/lp/emotes/gun%20thug.gif
  • #508
  • Dec 10, 2007 11:28pm Dec 10, 2007 11:28pm
Quoting Antra
lol...who is doing the funky chicken now?
Oh wait a minute, I think a light-bulb went off just now, haha, you meant Zoran doing the Funky Chicken (without a head)!! Now that's funny!!!
  • #509
  • Dec 10, 2007 11:30pm Dec 10, 2007 11:30pm
Go for it Leighsww, you can do it....not the spanking bit...lol
but what fti is leading you to do.
Sounds very thought inspiring as is most of what I read on this thread.
  • #510
  • Dec 10, 2007 11:32pm Dec 10, 2007 11:32pm
Quoting leighsww
Oh wait a minute, I think a light-bulb went off just now, haha, you meant Zoran doing the Funky Chicken (without a head)!! Now that's funny!!!
Poor Zoran....who is thrown in the deep end and not even around to defend himself....
  • #511
  • Dec 10, 2007 11:41pm Dec 10, 2007 11:41pm
Quoting Antra
Go for it Leighsww, you can do it....not the spanking bit...lol
but what fti is leading you to do.
Sounds very thought inspiring as is most of what I read on this thread.
Well, how can I refuse the Factory Princess?

Quoting Antra
Poor Zoran....who is thrown in the deep end and not even around to defend himself....
LOL, yeah serves Zoran right for going to sleep when the naughty ones are out playin' :
  • #512
  • Dec 10, 2007 11:45pm Dec 10, 2007 11:45pm
Quoting fti

@ m@2t
you seem liking analysis of events, aso neh, read Paper Money, it will open your horizons.

regards
Hi Mr. Fti, thanx 4 adv. but i'm sorry i dont understand what is Paper Money? Is it a book? and where can i get it, could u explain.
Thanx again.
  • #513
  • Dec 10, 2007 11:45pm Dec 10, 2007 11:45pm
Quoting fti
Look I can email you the table of contents, ie MY Sun ZI thingy.
You have had hands held experience, so you ROUGHLY know.
You don't havr to tell them all our little secrets, just guide the SUN ZI thingy.
In my absence, and let them figure it out themselves.
No chart analysis , no setups or how to trade or read and all that stuff.
Just what Sun Zi says and discuss the interpretations.

I learned how I do it from there, So I guess anyone can find it.
A liitle thinking is required, though.
Lets see what type of horses , is built.
Maybe you could come up with something that beats me.
Then you can pubiclly and kinkyly spank my bottoms, LOL

How's about that?

regards

PS:How can lesson ever finish, Its a life long thingy.
Even i am still learning.
I ll come back after the vacations and see if we can study more.
if God premits............................
ok?
another 2 more stories and Im done.
Have a good time in your vacation.
  • #514
  • Dec 10, 2007 11:52pm Dec 10, 2007 11:52pm
Quoting M@2t
Hi Mr. Fti, thanx 4 adv. but i'm sorry i dont understand what is Paper Money? Is it a book? and where can i get it, could u explain.
Thanx again.
Hi m@21

Paper Money by Adam Smith copyright 1981 by George Goodman, Dell Publishing Co.

It touches on about the economic histroy of the US, and the money thats driving FX and what money is all about from the authors perspective. The fundamental stuff, (no technicals)
for foundational Forex grounding.

regards
  • #515
  • Dec 10, 2007 11:53pm Dec 10, 2007 11:53pm
Quoting M@2t
Hi Mr. Fti, thanx 4 adv. but i'm sorry i dont understand what is Paper Money? Is it a book? and where can i get it, could u explain.
Thanx again.
Here ya go M@2t --> Paper Money by Adam Smith

* Edited - Whoops, too late, fti too fast on the fat fingers, lol :
  • #516
  • Dec 11, 2007 3:53am Dec 11, 2007 3:53am
Quoting fti
hi All,

@ Porkpie
I am the type, that have ZERO tolerance for losses, if I can help it.
It doesn't matter if its small profit or big profit, but loss ??? ahh get out loss.
Absolutely ZERO tolerance for loss.

For me a bad dealer makes , small profits.
a good dealer makes consistantly small profits,
a great dealer kills markets with broad sword,
God profits always.
Only the foolish lose money.

Its alright to be a fool, when we are starting out, or learning the process, to stay that way, all I can say is the CIRCUS's THAT WAY BUDDY. LOL

Sorry,if I seem harsh. But believe me, I even stayed up 24hrs to nurse position even just to recover demo pips.

Porkpie, I have to point out that you have much mistakes in your mindset, that the liars have taught you.

1. There is no such thing as "a method" that can give you edge against the market, its "you" that can cut an edge from the market.

2. Frequently,cutting losses is just a way to reset, and starting the game afresh.
You collect enough of that, you may never come back to the real world.
Of course , we shall not keep fighting for lost causes.
Sure sometimes losses are unavoidable.
But if you harbour that losses is ok, then you're are being blinded.

I advice you, if you want to get your discipline right,
"damage is part of the battle, recovery is essential , victory is the objective." for every trade.
Win enouggh small battles and tweak you mindset , then go win the war.
If you depend on someone else or something else ( high and migthy systems ) to do it for you, then you will become an "arm chair general" to your quest.
Unfortunately we are dealing with real $$, it is for the now, not some computer game.
There is no reset button and start again. Every battle is the continuation of the last.
Every battle must make you better, for the next, if you fail to develop, you shall be road kill.

Sorry for the way , I sound .
I mean good.
Don't be sorry, I enjoy what you have to say and I need to challenge you to understand further so that I can challenge myself. I am having trouble with the substance of what you have to say. Surely, for an army to win at war some losses of life on your side is an inevitable fact. Just because you have some losses doesn't mean you have not won overall. To me, trading not to lose per trade is trading scared which is a problem for ones psychology. You don't know what the market is going to do, you have to accept that it can do anything it wants to, and it will. But if you are able to identify market behaviour that will give you a higher probability of the market moving in your direction, this will be better than a coin flip situation and you will profit more often than not. Worse odds rely on good MM to win so it is wise to cut the losing trades.

I have been down the road of no stops using multiple entries with small lot sizes and profit targets of 30-40 pips. I was basing my decisions using a median grid on a 4 hour chart at key SR levels and was also keeping an ear to the ground of the bigger picture fundamentals. I wiped out most of my account in the end.
  • #517
  • Dec 11, 2007 4:34am Dec 11, 2007 4:34am
Quoting leighsww
ACK, didn't I say, NO calling me "mommy"?!! You deserve a spanking!! http://leighswishingwell.com/lp/emotes/bottom.gif

lmao

Please mistress... not the whip!!!
  • #518
  • Edited 5:37am Dec 11, 2007 5:26am | Edited 5:37am
Hi Porkpie,

I am sad to hear of your loss.
May I enquire your mindset.
Did you watch after your positions while you traded?
Where you over geared in terms of your MM?

I trade on 5min charts, some times to 15 min charts, if I go to 30 mins charts
that mean I am in drawn out battle already.
Its either I am deep in trying to recover a bad position or I am deep deep in profits
and applying the rod to the markets.

I have traded for close to 26 years and daily I have mostly made money for the banks.
I have demo for more than a month now and have not lost one single session.

I have a deep suspision that you wasn't dancing with the market
but was taking chances on pre-conceived analysis instead.
Try reading this whole thread again slowly. You may recognise your problem.

I got this funny feeling from reading your response
that you were running a mechanical system with rigid take profit levels.
But you might not have managed your risk
and you were probably trading from position emotion, and against the major trend.
Am I correct?
Otherwise you must have been over exposed in MM.

Your MO does not feel anything like mine, except the fact that you do not have stop loss,
but if you did not have stop loss and you do not manage the exposure,
then I would say that you had been reckless.
How much experience do you have in trading & Technical Analysis?

Give more details, I would like to analyse your blotter if suits.
and do read this thread carefully.

regards
  • #519
  • Dec 11, 2007 5:49am Dec 11, 2007 5:49am
fti, a question to satisfy my curiousity. If you have been trading off of the 5min at the bank, am I to understand that you were offsetting certain positions on some market flow coming through? Otherwise with the type of amounts that you had described the slippage woud really hurt your bottom line, wouldn't it?
Your answers are always welcome.
  • #520
  • Dec 11, 2007 6:03am Dec 11, 2007 6:03am
Hi gene,

I think you are mistaken.

While I was at the bank , I made markets teir 1.
Yes, the orders from customers are also part of my profit MO.
I cover those orders by covering in the spot interbank,
and slippage is a component of my profits protocol.
You see I make markets and the market is where I make it to be.

The use of 5 min charts only started in 1987/88 when a service known as telerate.
started to provide compterised data feed on the markets based on ASAP page, before that I used manual drawn charts and the reuters IDS and info system, telex, international fx broker boxes as well as direct link lines to our tokyo, dusseldof, london branches only for market access.

regards
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