Technical Analysis Fallacy

Quoting jest1081

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Ahhh! I'm starting believe that my english is really bad and that im really stupid, its almost becoming a frustration trying to get my point across.

I have never indicated that i traded full lots. Those are the skews-lah, and they by no means translate my actual sizing, which is privy to me. Infact i already mentioned in pvs that 4lots on a 2.5k account is crazy if we follow the six level skew made by ur previous table, why would i wanna go that path? When it was those exact skew which killed my trade!

Of course my dancing is no where as good as some of you here which reasons why i am a laggard compared to you lusan zoran and northpro. Thats why i am addressing some issues of my own to get some insights. I'm very well aware of the sizing that i should take and it gave me more knowledge when you suggested that we should reduce our rescue levels. Coz i used to be under the impression....take no losers in this technique, well i've realised that i am after all not made of steel and losers average losers at times, esp when our market judgement is horribly skewed.

Thanks & im fine if you wanna give up.

Lusan, thanks, i'll note that.

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Quoting leighsww

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Well, that's why I questioned it and was so baffled, lol! Sheesh, how am I supposed to read your mind on that not being your exact size allotment for the skew? http://leighswishingwell.com/lp/emotes/whip.gif

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Quoting Zoran

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Hi Leigh, I'll have to agree with jest. When I talk about skews I talk about sequence and not size. In that case, everyone can just adapt the size appropriate to them and that of their account.

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Quoting Zoran

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Lusan, when I need to do a rescue I go to higher timeframes and look for previous support/resistance levels and plan/time my rescue mission there based on action.

I think the most we can get from Elliott for now is the wave structure and that the action is impulsive in the direction of the trend. It may serve as notice if your position is against it - like swimming against a rip.

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Quoting leighsww

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I'm off to bed right now, but tomorrow I'll try to get fti's deleted posts from feb's thread posted here at some point.

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Quoting leighsww

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When you can have 20 successful dances in a row, is when I would say you can do whatever you want with full lots at that point.

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Quoting Zoran

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leigh, we are all in the same boat. As mentioned, there are many hidden treasures in this thread that we have not revealed or discussed and I also keep having little explosions in my head when something becomes clear. We can all work it out together so long as we keep talking and sharing our experiences. I will express my opinion but it doesn't mean I'm right, so lets keep talking.

You emailed me all of the deleted posts at the beginning so you may just want to post the contents of that email here? Or I can do it if you are pressed for time.

luSan, yes I see what you mean although you're missing an F to end the last wave. This seems to be fti's labelling method and not Elliott standard.

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Quoting Jairo

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Hi all,

Let me put a little nose here... hmmm ... maybe not so little...

You have been making a great job writing spreadsheets, calculating skews and so. Fine. But aren't you missing a little point here? Let me explain.

Rescues use to work with very high risk/reward ratios. That mean you MUST have a very high hit rate to be successful in the long run. From time to time you will have to surrender. It is not supposed you will never lose a battle for the rest of your lives. Following the line of calculations etc, the hit rate must be taken into consideration. Otherwise, you may be "working very hard" just to give it all back at some moment in the future. Each sequence (1,1,2 - 1,2,3 - any other) must have an associated success rate in order to be usable. Knowing the required success rate from the start may be important.

I have experimented one rescue approach in the past (not a good one, it was mechanical, rigid, therefore doomed to failure). It collected nice profits for 2 months. Hundreds of trades. Then with 2 big losses it gave it all back.

I think fti's teachings are excellent and if properly used this will not occur. But aren't you trading in the dark without knowing the required success rate according to your skew and sizing? (e.g. must win 30 times to cover one loss, 20 times, 100 times, 10 times, ...) ??

I apologise if this question turns out to be inconvenient. I am trying to contribute. Good trading to all.

Edit: even not using fixed step entries, if you have a red line you may estimate a win/loss ratio. Maybe it would be an approximate value. But even so it could be useful to ajust the MM to minimize the risk of a negative overall expectancy...

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Quoting Jairo

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Edit: even not using fixed step entries, if you have a red line you may estimate a win/loss ratio. Maybe it would be an approximate value. But even so it could be useful to ajust the MM to minimize the risk of a negative overall expectancy...

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Quoting Zoran

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You emailed me all of the deleted posts at the beginning so you may just want to post the contents of that email here? Or I can do it if you are pressed for time.

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Quoting Jairo

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You have been making a great job writing spreadsheets, calculating skews and so. Fine. But aren't you missing a little point here? Let me explain.

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Quoting Jairo

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I have experimented one rescue approach in the past (not a good one, it was mechanical, rigid, therefore doomed to failure). It collected nice profits for 2 months. Hundreds of trades. Then with 2 big losses it gave it all back.

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Quoting David

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If you follow Leighw's table, i.e. you prepared 20 troops(2 mini lots) for a $1,200 account for rescue 7 levels recue. Would you have a serious drawback.

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Quoting Green_David

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Dear Jairo:

I had the same experiences with you and LuSan. I mean many trades are very very good, but suddenly I lost all the profits for several days.

I tried to think very hard. Where is the problem, is FTI's rescue wrong?

My answer is no. It is the position size problem i.e. MM problem. If you follow Leighw's table, i.e. you prepared 20 troops(2 mini lots) for a $1,200 account for rescue 7 levels recue. Would you have a serious drawback. Not at all!!!

I think FTI said very clearly (I replied in one of my posts that rescue is for bad timing) never trade against trend.

When E/U broke 1.49 and increased to 1.59. During that movement, if you tried to rescue a short scout @1.49, surely not worth of it.

But of courese, we didn't know E/U was so strong even without a good bounce-back.

But, my question is ---- when you shorted @1.49 did you ever thought about what if E/U broke 1.496 effectively? That is did you have a plan B.

When I shorted E/U, I will always think if E/U goes up 100 pips what should I do?

If your scout is in trouble for less than 50 pips(for E/U), my experience is that, not worth to rescue it. Of course my experience not suitable for LuSan, since he traded only one hour, normally volatility is not that high if no new release.

David

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Quoting fti

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Hi,
I'm very new here. and have been lurking on your thread for a while.

Wow, wow. wow, hold the horses,
Peace to all man(brothers) and woman (sister(s)).
Let's not go into the gender ego about who had it better. :-)
I think all the nakeness is getting on everyone's nerves already,
or is it the 7th cyclical itch thats hitting home already.
You see in all yin, exist yang and in all yang, exist yin.
The world is made that way, so I guess its natural law.
So is the markets and the human persona.
A little whipping is necessary here, and if all here whip themselves abit, peace and tranquality will return.

As an introduction, let me make a little observation.
It seems the thread is moving away from the original intent of the thread creator, feb 2865. If I am not mistaken, his intention was to have you traders, reaccess, your heavy dependence on lagging indicators, clogging your ability as traders, to think and react like true front line market tamers in running battles.

Since the late 70s into the 90's too many "engineers" have made public their inventions of reading probabilities into lag indicators for "guts" to ride out whipsaws in markets. The Grand daddy of-course being Charles Dow and followed by W.Wilders and the likes of. Unfortuantely, this has cause the demise of a great many traders and dealers in the market place. ( believe me, I had circle seating, while watching it happen)

Feb, correct me if I am mistaken.
I believe what feb is trying to do, is to get you people, to feel the pulse of the market, trading into its rythemic pulse instead of reading dead lagging indicators for your decision making process. Logically , can all of us be super rich, just because we know how to read some indicators? Remember the market os a life beast, it learns and adapts.
I like to add that, market plusing is the modus operandi of marketmakers in the International Interbank Market arenas,
except that, at the higher tiers, we have the advantage to "see" the "flow"o or CB activities. An experienced dealer can actually make good guesstimates of what is happening in the primary market by reading market form, before the herd moves, even without sighting the "flow". And thats only from sighting bar charts. It's an internalised skill. It cannot be taught, only learned from the Institute of Hard Knocks.

Just my 2 cts, but what do I know?
I've only traded strategic arbitrage and a marketmaker in teir 1 Interbank Forex for 26 years on daylight lines of 500mio usd, before retiring. Sorry for bragging. Anyone wants to revive the USD/DM just for old time sake?

Having said that, I say POWER to you, but please be nimble, you, the new generation, for playing with the double edge sword (leverage), which can win glorious battles but for children it could cut their own throats. (Wonder who was the satan, who released this beast, in the first place?) yeah the derivative markets, don't ever be fooled that you are trading interbank, you are trading derivative (secondary) market.

I rest, with a little wisdom for you, beloved market warriors.

1. Preservation of Capital
2. Preservation of Capital
3. Never forget rule number 1.

While trading remember always,

1. Respect the markets, its alway right.
2. Bulls makes money, Bears makes money, Pigs get slaughtered.
3. Don't ever buck the trend, it's your Only Friend.

regards

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Quoting fti

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Hi all,
@leighsww

I was directed to forexfactory, in researching the new talk (thingy) in town about buckets are trying to fool people that they are interbank.
Truthfully, minimum interbank marketable tickets are USD5 mio.
So I cannot understand which banks are actually involved.
Althought a few good names have been mentioned.
Maybe this is the "direction" for the future.
Sure love to trade the FX on 2 pips spreads, now that I'm retired.
Only bugging question is the credit & counterparty risk.
Still gotta go deeper to know, if this is just a fad.

Personally, I think you ppl is on the right track. What feb has done is good education.
Like I said , you have to learn from hard knocks institute.
Try to stay with the basics.
Gotta watch your credit risk and gearing.
Also watch your market BASIS (price) tear, to confirm true markets.
Be prudent.

regards

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No interbank dealer/trader ever place stop loss order.
Only Corp and hnc (high networth customers) request interbank to watch stops,
Actually lots of revenue from that activity.
In the interbank all transaction is Cash valued immediate.
Most dealers are delta neutral or flat most of the time, mostly delta neutral.

(((((erratta : should read squared most of the time, not flat))))))

I think brokers are misimforming customers to protect overlosses situation.
If you place stops, interbank will hunt you out. All we have to do is to bum quote once each and you would be "dead in the water"

To beclear watch "ASAP" page on reuters and you will see it.
Indicative market is quoted in 10pips.

Watch how sometimes 24hrs tokyo is basis out by more than 10pips during London time zone. also watch how the basis tears when it shifts to London/NY.
FX interbank has no central market place.Its all over the world,
and everyone is on what papers they have in hand.
and evry one have differing opinions of where the market is, thats why there is arbitrage.

PSS: to be even clearer, watch wellington zone, when the mkt is illiquid.
would make you rethink about stops,

If you can't stand the heat, stay out of the kitchen".
Undercapitalisation have been the worst killer in the mkts.

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I make it simple for you, to understand.
say same instance I call for trading price on Reuters IDS (interbank dealing system)
US bank he quotes, USD/YEN 141 00/02
Tokyo 141 05/07
Singapore 140 97/00
german 141 06/08
welligton 140 95/05 sorry wide
china 141 08/00

so wheres the market?
imagine what happens when, at any time when markets become illiquid.
eg release of figures: tankan, CPI, Unemployment etc

Some tier 3 banks don't even pick you up on the dealing system,
or mom pls dealer tech problem.
And remember this happens alot in a regular day,(twinlight zones) not only when data is released. The extreme normally happens when economic figs are released.
So any stops near of, lets say 20 pips gets hunted out on norm, on figs can go to 3 to 5 big fig.
You want to argue where the market was actually?
try.

Be prudent

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Another scenario,

evrry body's quoting, lets say 140 00/02
one bank in mars quotes 140 90/92

every bank pauses for like 30 seconds, watching this guy, wondering why he scuttered.
Maybe he's taken big by customer.
could be he had cust stop at 88 for big $ and wanted to take him out.
so no one moves for 30 seconds. just watching.
if he later requotes at 140 20/22.
then well ok move the market up, maybe buyer coming in , as he remain higher.
its possible for another unhappy bank to requote 140 00/02 forcing market back.
so is customer stopped out?
You must understand the Interbank FX market structure.
I already told you, there is no centralised market place, do you understand.
Place stops at your own peril.

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Quoting fti

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I answered some one the other day on this R/R thingy already.
For this thread I will repeat myself.

PURE nonsense.

R/R ratios is a money management tool for risk & compliance depts, to gauge the trading performance of an individual over time. It calculates the "value at risk" against P&L against time to determine the skill rating and compensation for dealers/traders. The formulation is standadise to measure all deal "at value" to equalise dealers at par to limits.

R/R ratios on singular trade exposure means nothing.
Accuracy (profitability) and ability in turning to favourable trend following is paramount in singlar exposures.

If you want to calculate risk to your stop loss probabilities, then read about my respond to stop loss orders in forex on this thread.
BUT if you were trading structured markets , eg exchange traded instruments (indexes futures. Currency Futures contracts, commodities ,,etc), using stop loss orders can protect or limit your overexposure to losses, this is because these markets are localised.
Rule of thumb , never place stops in OTC instruments (eg forex, OTC indexes, OTC options, CFDs, any synthetics etc)however tempting.

Hope this helps.

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@leighsww

Your position is noted.
I shall let feb respond to your concerns, as it is his methodology.
And I think he is experienced enough on this issue,( I believe he could be an exchange Local)

Nevertheless I mention again what I think feb have mentioned before, that.
We should be trading in the future, not in the past.
Robustness of methodology from historical performance is no gauge for future performances.
Rigidity of methodology can be a dangerous thing. Markets mutate to adapt to risk snowballs,by varance in volitility.
Having said that, I also can understand that your rigidness affords you peace of mind in your battles. On this issue I, sincerely hope that you will give it an "open mind" to try to learn, discuss or read more about, for your education to be a successful trader.

regards

PS : "Scalping"
I have also mentioned before , no trader can outscalp a marketmaker. This is because he can see "flow".
In exchange terms it is called "paper lean".
Time frame is of no consequence in positioning. If a directional trend persist, a "Job" can even turn to overnights, the important thing is not to carry a loss too long, and not to allow a profit to turn sour.
ability to "ride" is key factor in profitability, I repeat, time is of no consequence.

I hope this helps.

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On the V formations you mentioned, I believe that the methodology is using the "hip and lop" against the countertrend reversal pivots. In structured (localised exchange traded) markets supply/demand papers can restrict the impass of certain "key" levels. Unfortunately in free flow unstructured markets (interbank forex) you are left at the mercy of the position of the book of the marketmaker(s).

As I mentioned in the example earlier, variance impulse volitility of their blotters at differing localities will create "noise" to hunt stops. That is the structure and theoritical edge for making markets.

If nothing else, understand this, the structure of "Structured vs Unstructured markets" are vastly different at foundational levels. To understand this, read about "the structure and working of the markets you trade". The synthetics and derivative OTC (over the counter)markets are even more complex in it foundation, normally with strong theoritical edge to the marketmakers. Note that leverage will compound the "risk of ruin".

I think I have given much for you to investigate, probably months of research for you. Nevertheless with this awareness, it behoves you to educate yourself, for your profitability and well being as a trader. Try to reread what I have revealed carefully. With your good head on your shoulders, you should be able to slowly improve your R/R factor across time.

I believe what feb have presented is a respectable methodology and quite professional, nonetheless be wary of its implementation in differing market structures.

I am signing off for today and shall visit again when time permits.
Best for your trades.

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Quoting fti

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@*name removed*

This I have to say, you don't tone down your ego. Then the mkts will tame you. If you don't learn, the mkts will teach you repeatedly until you get it right. Believe me I KNOW.

2. Your mentioning, that some of my points is valid is very far off mark, friend. It's all valid. Its just that most are above you and that you have yet to comprehend the core of the contents. I am "Once a dealer, always a Dealer".

3.When I advised about "hunting stops", I was just trying to speak layman lingo. Its's actually "stops sweeping". For your education when i "stops sweep" a few times a day. I am not bothered about position sizes. My minimum per ticket size is USD5 mio, and normal ticket is 10USD. Just for your info, I am CFA and Technical Analyst (SATU certified specialist). When I sweep stops, I go for chart points, thats all I can tell you, the rest is classified. With half a Bio line, what type of impact do you think it has on mkts? And you would think that I would be sweeping alone? Multiply that by 10 nearest key tech points daily and 7 tier 1 banks,what do you have? Do you know how the outside days patterns are formed and what activities causes it?

4.I take offense of reading about your bad mouthing Bankers. In the first instance you have little understanding of the functions and sections in a bank. Fact is you can't tell Teasury from Operations.

Further if you had any understanding of market structure, you would understand about market bubbles,in this case, property bubbles that you mentioned. circa 20 years ago, Japan had one , now USA is having one, so whats the big deal about Financial Institutions, having to deal with one. If banks didn't funded property , tell me who should?

If not for the Financial system and banks, you would still be bartering sea shells for your daily needs. And you call Banks sharks and thieves.
I give you zero marks for understanding and empathy.

I hope you would amend your distasteful ways, and maybe there would be light at the end of your tunnel, pray that it's not an on coming train.

cao.

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@ Green_David

Main activity on Treasury Forex, is basically arbitraging of customer orders as a service to corp. hedging activities, ie delta equalising banks positions forced upon by customers needs.
Extra curricular activities include, stops sweeping as I mentioned earlier to facilitate liquidity for filling buyer seller price void & marketmaking to create a lively and active market place.

Positional exposures are undertaken either under Bank's Exco instructions because of Management's Viewpoint and also by Special Units known as Strategic Arbitrage Trading Units (SATU) whom are specialist in different modes of Analysis, ie (Fundementals Analyst/Economist, Monetary & Fiscal Economics) and ( Technical Analyst/Chartist). Main FX desk operate only within daylight limits. And Treasury Chief & Chief of Currency desks are normally part of SATU. The unit name may differ from bank to bank but the function is universal.

For the Banks protection, "china walls" are created within the Treasury and to the outside world to protect against predatorial activities. All exposures are watched by dealers on duty and around the clock who will advice the respective exposed parties of market behaviour and sentiments regularly, esp. during "fast markets". Bad positions are normally cleared "at market" , if any SATU dealer burst his/her preset acceptable overnight loss limits. Some of us even have forex broker boxes installed at our homes, and the junior dealers carry the reuter's fx pagers.

To answer your question clearly, basically we do not carry mental stop-loss levels, in reality it is being managed around the clock on a "on call mode", standby mode, if you like. For banks , that does not operate a 24 hr crew, they pass "wake up call zones" to their active branches.

Regarding the placing of stop loss levels,there is no safe zones. It all depends on the market sentiment and how the dealers' blotters are behaving on that certain day. Be assured, that all good dealers knows where the sweeping zones are and we know that placing stop-loss away from such zones actually defeats the purpose of the stoploss order, except to protect from overloss situations for customers. This is because when a sweep zone is under attack, no one can tell how far the stops self-feeding will over-shoot, in terms of the volitility and also the resultant rest point , this always works against the stops. This is the nature of stop-loss orders. I shall not touch on the sbject of slippage, which is also a point of contention. You see ultimately your stop loss point is a gamble.
Think about this, How long would you leave a baby unattended, unless he/she was asleep?
Unfortunately the FX market never sleeps.

I hope this helps

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@ leighsww

"On call mode". Simply means that the dealer who's watching the call zone, which is normally a price band, will call the dealer concerned at his mobile, once the market comes at the money,for further instructions after giving a detailed read of market sentiments. If the position is pass on to sector of seniority, normally, the position is carried there at "free of risk" as favours from a dealers to another. That's called "parked positions".

The point I was trying to make is that there is no pre-concieved plan of action, all is actively managed. In letargic market conditions, normally no action is taken. In melt down situations, sometimes the positions are taken out , then reverted to the owner to protect his interest. This varies from rank to rank and from bank to bank. Normal protocol is carried out in a calm manner. The most important attribute a dealer must have is steadyness. Gambles are normally not allowed. All decisions must be calculated risk in response to market conditions.

regards

Ps: In the market, Big means nothing at all. Normally for us its only figures on a pice of paper.
Profitability is "King".
Size really doesn't matter, only profits.
remember "Nick Leeson" he was big, but big and careless, = danger
"The bigger the pot, the more the burnt rice."

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Quoting fti

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Hi All,

@ Green_David
Oh, David , from your discription , you may be suffering from "trigger" problems.
The inability to "pull the trigger" on trades due to self-doubt or being out of step.

That self doubt can be caused by many factors.

1. could be too many bad stop-out experiences,
this can creating mental blocks on your bicameral mind..
That's why I say its best not to use stops orders.
Either make a resolution to watch your baby with full dedication or, quit, this may not be for you.

Faithfulness to market dance is important.
Your Stops have very high probabilities of being taken out if not managed properly
and normally , it would always happen at the worst timing and levels.
The cause is because of par excellence marketmakers and of course "Murphy 's Law"
If baby sitting the market is not your cup of tea,
then you should learn about new instruments and synthetics, like options e.g.
where its not necessary to baby sit, only that there's a premium to pay for that luxury.
That, is a whole different kettle of fish, though.

Watch out for market over-runs.
Every market has a rythemic dance characteristics, you got to learn how to dance in tune with it.
If she's dancing 4 steps and you're dancing two, chances is she's not gonna dance well with you.
Take note of this, she will never change her tempo to follow you,
it's you that have to get close and personal and feel her tempo instead.

Once in sync then, do your magic,
When you have to move forward, just move don't think anymore and invite imaginary ghost to haunt you.
Your actions will speak louder than your words. Follow the flow.(trend)
Suit up for battle,then do the necessary.

KISS, keep it strong & simple, your feelings, that is.
If you have to, "bite the bullet" and take the pain. Cut losses if things don't feel right.
"Run away today, to survive, to come back to fight another day."
yes, you have to learn to feel and forget about levels and dented egos.

2. Trading too close to the financial edge.
going too near your financial cliff, is unhealthy for your body(mind) and wallet.
always leave room for contingencys, remember market tend to alway over-run.

I may show you how to money manage, when I have time.
also known as game plan, plan your work, then work that plan.
plan your work, doesn't mean to have pre-concieved ideas of market.
Like I mention in 1. You have to ask her what she's actually doing and feel if its correct.
Work your plan , basically means set aside adequate risk capital, to be utilised when needed.
Never walk into gun battles carrying knifes.
Also never ever try to catch falling knifes and shooting rockets. by adding to bad positions.

If she's not giving you clear indications, sit on you hands.
be patient, she 'll tell you soon enough.
And when you see clearly, but feel that the dance is too near the end.
then wait for the next dance. then ask again.
Like ledgesww said wait for the next "bus".
It'll come, be patient and prepared but don't be too eager. Find the balance.( yin yang)

Never ever trade with money you need for your living.
Doing that builds bad vibes and can cause lots of silly and unneccessary mistakes.

3 Guts and Glory.
In this game , there's no prize for seconds, must come in front, always.
like the title says, no guts, no glory.
Pay the price and capture the prize.
Never think in terms of the money, always treat the risk capital as ammunition in battlefields.
Like the saying goes, traders may lose money,
but never ever lose your balls, or its game over.

I can go on all night elaborating the finer points.
In a nut shell, its all about preparedness and mindset.
That's half the battle. YOU!

SunTze's Art of War teaches clearly, "know thyself and the batlle is nearly won,
know thy enemy and surely the battle is won."

The other half is skills from experiences and analysis.
Never over analyse, but just enough to identify trends, then watch and feel her.
Like feb adviced you to, don't over complicate your charts visually,
making it dazzling in all sorts , only to decieve and confuse you.
Use what works for you, we are all alittle different,
and throw all the other junk away.
What matters is profits, all other things are just "a mean to an end."

For that I must add, it is easier said than done.
Sometimes its doublely hard to retrain old dogs with new tricks.
The fact that you have been following this thread closely ,
already shows that the some mindset change has begun.
Only more time, and hard knocks is required to allow this to set and become an internalised reflex.

Remember when you, first learned how to drive,
there's like a million things to remember.
But now with the necessary "setting" of internalised skills, it becomes second nature to you.

My major fear is that, all here are at differing levels,
and some may not comprehend what all this, babling is about.
All I can wish for, is that the little that I have given you, in this space and time.
will point you in good directions for your education and development.
And that your learning curve be positive sloping.

It took me years to aquire the necessary skills.
Fortunately for me, someone else was paying the bills while I was learning, the banks.

If you are young and dedicated to the trade, you might just have that opportunity, if you knock hard enough.
Beg for the opportunity, if you have to. Again, don't let ego get in the way.
The banks are always looking for talent.
Personally I have a structured program of training, called "the bourse game" for my men at the bank,
but I guess for now this should sufface.

One last point I like to make is with regards to the market place.
David you did mentioned that "My ECN broker won't give out their liquidity providers names"
This factor is really red flagging me.
Because as an veteran from Bank's Treasury, I am inclined to believe that,
it would be their honour to publish themselves openly,
that as a part of their community and public service resposibilities,
that they had taken upon themselves to open up a service and afforded general customer participation,
in the fastest and biggest markets in the world.
Its really a red flag thats nagging at me for now.
I guess its for them to know why, and for me to probe further to find out.

feb, I am so sorry that it seems, that I may have hijacked your thread for a while.
(I do so, sighting complimentary doctrine)
If that refects your sentiments , please accept my humble apologies.

regards

@ iandekoker
I believe that we can as gentlemen , agree to disagree on my postings.

on the subject of Brokers, out to get traders. I think you may have misread.
I said no such thing, I impllied market machanism, sweeping stops not brokers.
regards

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[21:35] leigh: Somebody just PM'd me that they want to read the previous posts that you deleted from feb's thread. I guess they read my post where I said I saved them. Is it okay to send them the file?
[21:36] fti: sure

Quoting Jairo

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Great! Ooops! Is the latter valid?

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Quoting leighsww

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Quote:
Originally Posted by Jairo
I have experimented one rescue approach in the past (not a good one, it was mechanical, rigid, therefore doomed to failure). It collected nice profits for 2 months. Hundreds of trades. Then with 2 big losses it gave it all back.

Can you tell us what that rescue approach was, so others can be warned in case that is their rescue MO, too? Thanks!

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