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Technical Analysis Fallacy

  • #3,581
  • Jul 18, 2008 4:28am Jul 18, 2008 4:28am
Quoting ksl
and
I just love these two statements fti .... gives me hope.
Is'nt this the reason why we are here guys ?
What is better then being mentored by the best ?

many many many thanks.
be aware that there a lot of good traders out there that have brought their capital to tears. especially if you do reckless attacks and rescues and get overconfident.

CHFJunkie, I think most here do not trade for a living but yes we do it on 5min charts mostly and watching impulses as they happen.. Part of my job is to be always online and that allows me to have a chart always open and available.
  • #3,582
  • Jul 18, 2008 4:36am Jul 18, 2008 4:36am
Quoting monies
Hi there guys i have been reading this post for some time now and it is my view that technical analysis does work most of the time if the market gives you three or four perfect opportunities for the month then take those?why try to defeat the market something i have discovered could never be achieved.
Hi,
ikes, try rereading the thread, again.

regards
  • #3,583
  • Jul 18, 2008 4:40am Jul 18, 2008 4:40am
Quoting ksl
ps fti. you mentioned demo first, may be I should do that, I have been avoiding that as There is no emotion in demo where as with live I tend to be emotional.
Open an account with InterbankFX broker, they allow you to trade $0.01 per pip. So a 100 pip loss would be $1. This is a good start to work on the emotions. $1 might not be much but I think it does the magic (better than $50 000 demo account).
  • #3,584
  • Jul 18, 2008 4:43am Jul 18, 2008 4:43am
I just want to reply to that last comment,because it seems that you have misunderstood me?All i am just saying is why take 10 trades when you can only take 3 and get the same return the market is not going any where look for the best of opportunities?
  • #3,585
  • Edited 4:55am Jul 18, 2008 4:43am | Edited 4:55am
Quoting fti
Hi maheswara,
Dear young man, Do not abuse the artist.
Accept things as it is , when it is shared.
If you like it then go buy it for your own.
Moreover if you think it sounds good in LoFi video.
You may get a shock when you hear the CD HIFi.
Don't short change yourself, esp if you love it.

More, the artist , he will be encouraged.
You wouldn't want to produce something beautiful, only to have it stolen. Please don't support abuse.
Fair use and fair sharing is acceptable, abuse is ugly.
I know you will do the right thing. won't you?

Learn how to trade well, and you will never again be without anything that you want in life.

regards
yes sir well understood will as much as possible not abuse ... you dont get these kind of artist cds in my place sometimes , that is why the bad habit of abusing technology ...
sir, achieving your kind of profitability without the use of leverage ... to be frank is very hard , not sure what it takes to achieve that level ... i am consistent and thanks to you it is still 100% ...
but i make just above 1% a month (i dont use leverage except when in deep rescue mode which happens rarely) ...
sorry again to have posted that abusal method , i have edited it ...

btw im off to see the premiere of the dark knight , supposedly a new level of cinematography here ... so ill catch u all on monday n so have good weekends to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,586
  • Jul 18, 2008 4:48am Jul 18, 2008 4:48am
Quoting monies
I just want to reply to that last comment,because it seems that you have misunderstood me?All i am just saying is why take 10 trades when you can only take 3 and get the same return the market is not going any where look for the best of opportunities?
nobody has misunderstood you. please do whatever works best for you. let the rest do what works the best for them. this thread is not about indicators.
  • #3,587
  • Edited 5:43am Jul 18, 2008 5:18am | Edited 5:43am
Quoting monies
I just want to reply to that last comment,because it seems that you have misunderstood me?All i am just saying is why take 10 trades when you can only take 3 and get the same return the market is not going any where look for the best of opportunities?
Hi,
No err, I thought that was what you said.

like picolo, he understands that, she (the market) is not at her best for you always. Sometimes she's at odds with herself. but if you are not paying attention , when she is at her best, you shall not be there .......
Sure why take 10 trades when you will do well with just the 3 best.
But honestly , could you tell me which of the 10 are her best 3?
careful there ! thin ice.

Try to be there with her , as much as you can, for better or worst, till...oops overrun
but be there as much as you can, at every stage, some 'bad hair days' can turn out to be very interesting.


regards
  • #3,588
  • Jul 18, 2008 6:04am Jul 18, 2008 6:04am
Quoting piccolo
Open an account with InterbankFX broker, they allow you to trade $0.01 per pip. So a 100 pip loss would be $1. This is a good start to work on the emotions. $1 might not be much but I think it does the magic (better than $50 000 demo account).
Thanks for the info piccolo.
  • #3,589
  • Jul 18, 2008 6:08am Jul 18, 2008 6:08am
Nice action due to the less worse then feared citigroup figures ...
  • #3,590
  • Jul 18, 2008 6:13am Jul 18, 2008 6:13am
Quoting MaMood
Nice action due to the less worse then feared citigroup figures ...
Hi,
Thanks,you're as on the ball as any media services.
More ppl as yourself come on stream. and we 're gonna be the most informed bunch on the forex market. LOL

Just to qualify, no opinions pls , only info. don't wanna be like most news services, instead of info they give opinions and propaganda.


regards
  • #3,591
  • Jul 18, 2008 6:28am Jul 18, 2008 6:28am
Quoting fti
Hi,
Thanks,you're as on the ball as any media services.
More ppl as yourself come on stream. and we 're gonna be the most informed bunch on the forex market. LOL

Just to qualify, no opinions pls , only info. don't wanna be like most news services, instead of info they give opinions and propaganda.


regards
you are welcome! ;-)

Always, when i get some relevant information concerning our 3 kingdoms on my table/screen, I'll stick it to the board ...
  • #3,592
  • Jul 18, 2008 6:31am Jul 18, 2008 6:31am
Quoting MaMood
you are welcome! ;-)

Always, when i get some relevant information concerning our 3 kingdoms on my table/screen, I'll stick it to the board ...
Hi,
Thanks , MaMood.
Are you dealing professionally?, seems very on the ball.

regards
  • #3,593
  • Edited 7:19am Jul 18, 2008 6:42am | Edited 7:19am
Quoting MaMood
Nice action due to the less worse then feared citigroup figures ...
Oh, citicorp,
Loved it when I was working for John Reed and David Leong, back in the good old days. Men with balls of steel and a good head. I developed super when I was a youngster mentored by the great Jim Hunter then there. he took an average junior dealer and started me off on the quest. Always reminises about them , every time I hear about citi.

Then there the greats Ho Quek Hin and Raymond Goh of Morgan, Treasury men , a cut above. Those were the days.

Inserted Video


Of course also Welles wilders and Jake Bernstein, the people who showed me things on the otherside of the fence,
Great prople, they all are.......

Hey wake up get back on the markets. FOCUS

regards
  • #3,594
  • Jul 18, 2008 6:49am Jul 18, 2008 6:49am
Quoting fti
Hi,
Thanks , MaMood.
Are you dealing professionally?, seems very on the ball.

regards
Hi fti,

after round about 5 years of "sparetime" trading stocks and futures, I started my first steps an the forex market at the beginning of last year.

since april this year I started trading for a living. But there is still a lot to learn for me, especially to optimize my mindset.

Without these thread, your wisdom and experience I'm sure that I still would not have gotten the main ideas. so may be you are the "stone of wisdom" in my trading carreer.

So I will always be deeply grateful for your efforts and patience.

Ciao,
MaMood
  • #3,595
  • Jul 18, 2008 7:32am Jul 18, 2008 7:32am
Hi all,
Squared.
enough, don't wanna squeeze blood out of stone, esp on friday.
The blood I see could be my own.

regards
  • #3,596
  • Jul 18, 2008 7:36am Jul 18, 2008 7:36am
Quoting fti
Hi all,
Squared.
enough, don't wanna squeeze blood out of stone, esp on friday.
The blood you see will be your own.

regards
Have a niece weekend Boss and everyone...

PA is reverting but London closes in 3 hours...not much to do...I am out and done...
Empty as water and soft as a facing wind mountain
  • #3,597
  • Jul 18, 2008 7:38am Jul 18, 2008 7:38am
Quoting fti
Oh, citicorp,
Loved it when I was working for John Reed and David Leong, back in the good old days. Men with balls of steel and a good head. I developed super when I was a youngster mentored by the great Jim Hunter then there. he took an average junior dealer and started me off on the quest. Always reminises about them , every time I hear about citi.

Then there the greats Ho Quek Hin and Raymond Goh of Morgan, Treasury men , a cut above. Those were the days.

http://www.youtube.com/watch?v=X5pkkAhETYg

Of course also Welles wilders and Jake Bernstein, the people who showed me things on the otherside of the fence,
Great prople, they all are.......

Hey wake up get back on the markets. FOCUS

regards
Hey fti, when are you going to tell everyone your first name? I would much rather call you by that than your trading initials. Of course if you would rather stay anonymous then fine... but I don't think revealing your first name would reveal much, would it?

Have a nice weekend luSan.
  • #3,598
  • Jul 18, 2008 7:43am Jul 18, 2008 7:43am
Quoting Zoran
Hey fti, when are you going to tell everyone your first name? I would much rather call you by that than your trading initials. Of course if you would rather stay anonymous then fine... but I don't think revealing your first name would reveal much, would it?

Have a nice weekend luSan.

Let me take a guess. Is it Freddie ?
  • #3,599
  • Edited 8:54am Jul 18, 2008 7:44am | Edited 8:54am
Quoting Zoran
Hey fti, when are you going to tell everyone your first name? I would much rather call you by that than your trading initials. Of course if you would rather stay anonymous then fine... but I don't think revealing your first name would reveal much, would it?

Have a nice weekend luSan.
Hi,
Zoran, much as I would like to,
I have difficulty....sorry.

regards
  • #3,600
  • Edited 8:31am Jul 18, 2008 8:01am | Edited 8:31am
hemal011,
NO, and stop guessing.
It is people like you who do not learn how to respect other peoples will and markets wishes , and the market will take you to hell.

Better learn some manners, it will stand you good, when you trade.
MINDSET OUT. I am sorry for you, you better learn.

When you trade and market tell you something , respect it and maybe you may be ok, challenge it and you will be dead before the cows come home.

Similarly when I tell you I dont want to reveal my identity, then take it as that. Maybe you would like to tell us who you are, thats your choice.

Who I am is of no consiquense to you, but what I try to show you about in trading. That you should ponder about.
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