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Technical Analysis Fallacy

  • #3,741
  • Jul 22, 2008 2:16pm Jul 22, 2008 2:16pm
Hi ALL,
I'm back,
Alot happened, here huh.

Firstly , Leighsww, I am sorry that you feel that way, however, I shall respet your decision. whip myself, for posting about your leaving.

OK, thanks many here who have been patience.
  • #3,742
  • Jul 22, 2008 2:25pm Jul 22, 2008 2:25pm
Quoting ksl
I think that is the key word for me Intense focus, I noticed my trading is good at a level of intensity but maintaining that consistently is another story.

Here is a genius who mentioned you have have a certain level of concentration and then the success is yours

http://www.youtube.com/watch?v=oQif2...eature=related

Regards
Thanks ksl for the link.
Had not finish watching all, te lins, but I get the message,
It is very wise, focus and cocentration as you have uncovered,
it is a strong component in the success mix.

regards
  • #3,743
  • Edited 3:32pm Jul 22, 2008 2:44pm | Edited 3:32pm
Quoting auxesis
FTI,

Once again thanks for taking the time to update, the info is very valuable and as all can see costly at times for the author.

We be sitting just above 83/90 level, interested to see if it will crack before lunch/today.

regards,

a
Thanks auxesis,
From the on set, I took up the task to see if I could impart some skills to the people open enough to learn esp to enhance Leighsww's learning capacity.. I guess in many ways mentoring required some sacrifices.
I thanks you , because you were sharp to have higlighted that paul was gonna lip us. And of course thanks to Lusan for excerpts of the event.

In alot of ways, what many witness here was bad performance on my part.
Any proficient market maker would have done much better than my performance. Unfortunately many are not privy to their access. They would be now out drinking their hearts away for the days market.

Let me explain,It was my bad that after a tight session, I left a scout open.
In all essence my biggest mistake was to have come back to the market late from dinner, having full knowledge that the market was in a coil and ready to pounch, moreover I underestimated the power of the fomc's capacity to pull a fast one. But really, I am a little rusty.

Some good lessons can be extracted from this handheld session .
One very glaring one was that after the doing away wit the dining scout. The position was on a doubled base, which would be the correctway to turn onwind. But unfortunately due to that my positions are not micro lots and the foreign captalisation was not too fantastic, which somehow held my hands back and I went on a minimum skew . Notes how my position skewed 2,3,5,8,13,8 before the retraction. The corrct one would have been 2,6,8,14,... then the spiral within the spiral of 8,5,3,2, was abandoned due to my disorientation , as I had explained earlier. In many ways if you were to simulate a recap of the situation , you may realise that I had mised out on a big chunk of pips, this I hide behind my rusty skills as an excuse.

Further, My scrambling to winddown the risk, also dure to rustyness, had compressed the gain pips, otherwise from hindsight, could have been eased into much lower zones while I was chating on the thread. as you may have noticed I turned back to the market and I couldn't find (her). Lost of focus on my part.

In alittle way although I did make good $$ from the run, My performance was sloppy. as you may also noticed that a fortune teller surfaced to tell me how much better Icould have outdone myself.

Having said all this, I am to the realisation that, I must get myself back to shape, whip, whip, esp energy wise as I was tired to be unable to have performed and lead the thread in the utmost efficiency.
For that I apologise.

regards
  • #3,744
  • Jul 22, 2008 3:07pm Jul 22, 2008 3:07pm
Quoting maheswara
yes , but boy , did u see that skew ... to add so aggressively ... u ll be stretching ur profit like anything ... there is something in my head that keeps me from winning too large , kinda like satisfaction or contended from winning small ... i think after seeing fti attacks i wont be liking small wins anymore ...
Hi maheswara,
Thank you for your aweness.
In fact , as I had explained (above posting), I had err and had stumbled in a few ways. I understand that you are not as experienced to have notices. But a pro would. In effects what you witness was me making sloppy decisions. and quite some glaring ones.

If you would analyse the sequense of events closely, My kill zone was only close to 40% of range. Based on Average daily true range basis, I had under performed. However I am happy with my pips, but I gotta get into shape, before the market whips me for my inefficiency.

And based on what you mentioned about your inability to add to win, then you must really review your MO and mindset. This is important if you are serious about this endeavour.

regards
  • #3,745
  • Edited 3:40pm Jul 22, 2008 3:12pm | Edited 3:40pm
Quoting luSan
...you see why I awoke up at 3:30 am...fti is the best teacher around...all that is takes is to surrender to naked trading...which is not really easy...watch out!...he tell us that it takes 2 years to be proficient...a suggestion: keep your sizes small..
Thank you Lusan, you are a great help always, with your wisdom and prudence with money.
Did you made good $$ this run?
I noticed that you had to rest for an interview.


In regards to size, lets say manageable and affordable instead of small.
And for the training process, to be very correct I mentioned AT LEAST 2 years, and thats gauged from hands-on and face to face mentoring.So be wary , there are many lessons more that the market can teach. I hope I have the strength, to carry this training for many here. It behoves , that I should be able to finish, that which I started.

You are a goodman. and a worthy understudy.

regards
  • #3,746
  • Jul 22, 2008 3:44pm Jul 22, 2008 3:44pm
Fti,

Thanks for the kind words, i have to admit, today's follow through action was a bit surprising, when i looked at the news blotter this morning or better lack there of, personally didn't think we would see any sustained move but she got rolling there wasn't any stop in her.

Dont really want to speculate about the whys and hows but it seems the CB's are defending the 1.6 level.

Your timing and entries, and the thought processes behind them are of great interest to myself and others here, but posting publicly can sometimes cloud the eyes and mind, trying to maintain the feel of the market and keep the posts current can be a daunting task . maybe a recap at the end of the day, when you feel a lesson is in the works would be better.

again thanks for taking the time and effort to help others.

sincerely,

a
  • #3,747
  • Jul 22, 2008 4:04pm Jul 22, 2008 4:04pm
Quoting fti
Thank you Lusan, you are a great help always, with your wisdom and prudence with money.
Did you made good $$ this run?
I noticed that you had to rest for an interview.


In regards to size, lets say manageable and affordable instead of small.
And for the training process, to be very correct I mentioned AT LEAST 2 years, and thats gauged from hands-on and face to face mentoring.So be wary , there are many lessons more that the market can teach. I hope I have the strength, to carry this training for many here. It behoves , that I should be able to finish, that which I started.

You are a goodman. and a worthy understudy.

regards
Nope...I made no $$$...just 50 pips...

I was practicing my talk and just for the sake of practice I dance with a demo account for my lazy dance with multiple pairs; I made 1.5 % ROI of fake money...but I learned a lot...next time I will remember to add to the winner always and stay away from the indicators...oh my...they were really late...they missed 60 pips that were cleanly shown by PA...

I am taking my time...no rush with my dances...no way, jose!...I was making 0.5 % ROI a day until I realized that the scorpion were eating my back...so easy I go...hey...I am not afraid of the news but I look forward to them to add some rythm to the dance

I will be out the next 2 days...

Still I must say ...I will be missing someone..

Regards
Empty as water and soft as a facing wind mountain
  • #3,748
  • Edited 6:32pm Jul 22, 2008 5:31pm | Edited 6:32pm
good day thou
Enter Signature
  • #3,749
  • Jul 22, 2008 6:22pm Jul 22, 2008 6:22pm
Quoting fti
Having said all this, I am to the realisation that, I must get myself back to shape, whip, whip, esp energy wise as I was tired to be unable to have performed and lead the thread in the utmost efficiency.
For that I apologise.

regards
fti, have you considered a chat service? It may be simpler than updating this thread and time stamped logs can be posted here.

Oh, and your post about those computers brings back memories - I believe you were referring to the TRS-80 - also one of the first I was introduced to - however the Apple IIe came a bit later. I was playing around with an Apple II around that time.

I began to reminisce a little while ago and started purchasing some vintage computers. It's nice to have my babies back.
  • #3,750
  • Jul 22, 2008 7:05pm Jul 22, 2008 7:05pm
Quoting fti
Take your profits NOW ! and listen to this: its important.
At least to me , it is
http://www.youtube.com/watch?v=UGpxfoF3SYg

please.
fti, did you have a similar experience?
  • #3,751
  • Jul 22, 2008 10:00pm Jul 22, 2008 10:00pm
Hey guys,

strong impulse on the dollar bulls yesterday. hope all had a nice ride chinking the pips.

Quote
Your timing and entries, and the thought processes behind them are of great interest to myself and others here, but posting publicly can sometimes cloud the eyes and mind, trying to maintain the feel of the market and keep the posts current can be a daunting task . maybe a recap at the end of the day, when you feel a lesson is in the works would be better.

auxesis,
i fully concur with aux.

fti, it would also put too much stress for you to perform optimally at all times. EOD or session re-cap would be best imo.
  • #3,752
  • Jul 23, 2008 12:00am Jul 23, 2008 12:00am
Quoting seeit
Just to make you smile. Dancing around the world. Literally.

Enjoy

http://antwrp.gsfc.nasa.gov/apod/astropix.html
thanks seeit,

So good to see this again, was on our morning brekkie show on tele last week. Put a smile on my face that lasted all day.

So good to see you all getting those pips last night. I miss out on New York session need my sleep as have day job. London session gives us decent pips though so i am happy.

Fti.... b4 this thread i would never have considered the 5m chart and now feel quite comfortable with it. It's the small things making a huge difference difference to my trading... focus on the now, no predictions or expectations.
be happy with slowly building skills that you have taught and the profits will come. (and they certainly are)

leigh am so sorry will miss you

joy
  • #3,753
  • Jul 23, 2008 1:36am Jul 23, 2008 1:36am
Quoting auxesis
Fti,

Thanks for the kind words, i have to admit, today's follow through action was a bit surprising, when i looked at the news blotter this morning or better lack there of, personally didn't think we would see any sustained move but she got rolling there wasn't any stop in her.

Dont really want to speculate about the whys and hows but it seems the CB's are defending the 1.6 level.

Your timing and entries, and the thought processes behind them are of great interest to myself and others here, but posting publicly can sometimes cloud the eyes and mind, trying to maintain the feel of the market and keep the posts current can be a daunting task . maybe a recap at the end of the day, when you feel a lesson is in the works would be better.

again thanks for taking the time and effort to help others.

sincerely,

a
Hi,
I note your end of day suggestion as also advocated by jest1081.

The reason why I am giving hands on live trade runs, is for the benefit of the people who are following closely and would be able to feel the pulse , as they rode along.Moreover it is my protocol and style which I used to train dealer with.I am confortable with it , only that my energies are not as they usd to be.And also that I worked with trade consoles with hords of pre programmed keys. Whereas now I am on the phone and platforms. In some ways there's much more that have not been developd for platform trading to deem it at professional levels.

Thanks for the suggest, will think about it a bit.

regards
  • #3,754
  • Jul 23, 2008 1:53am Jul 23, 2008 1:53am
Quoting Zoran
fti, have you considered a chat service? It may be simpler than updating this thread and time stamped logs can be posted here.

Oh, and your post about those computers brings back memories - I believe you were referring to the TRS-80 - also one of the first I was introduced to - however the Apple IIe came a bit later. I was playing around with an Apple II around that time.

I began to reminisce a little while ago and started purchasing some vintage computers. It's nice to have my babies back.
Hi Zoran,

Thanks for the suggestion.
I am thinking, now what is the diff between a chat service and this thread.
Wellreally I still have to do the typing, remember?, I have unpolished typing skills,
Mostly typing 3 fingers. And I would still have to flip between pages.
In my thinking , the bottle neck seems to be my energy level, and focus on the feel.
However over the weekend, I shall try to find a fix.

Yeah about those vintage comps , yes the apple was the precusor to te computers we use now. Back the I started with the ??? professor, the sinclair.then 2E, which I ported to the office and home on a travelling trolley, later the osborne "portables",
Bought a North Star "desktop" the size of a room. And now stopped at pentium 3s. I spent too much already on making the gates and ++ rich. You know I think my first microsoft software was the olympic games on the apple 2. Hes grown so much since then, and his business tactic questionable. People change when $$ creeps up their...

regards
  • #3,755
  • Jul 23, 2008 2:03am Jul 23, 2008 2:03am
Quoting Zoran
fti, did you have a similar experience?

Hi

, I wished. Nothing near, my friend.
Although I have a personal relationship with the creator.
Mostly what my Dad taught me,and the creators invisible guidance throughout my life. How do you think I got to where I was. He made it happen, and I have a good life from it. It 's a wonder how "my way" the song I posted much earlier, relates to my feelings about my life. And I will not get into my adventures as a boy scout , later Scoutmaster......military flying ......

And how the creator , makes the challenges for me to conquer. Like for now I am experimenting with the retail side of forex training, unthinkable a few years back. I think he wants to keep me busy, because really I am one who cannot mellow away. See how things comes together. Have faith, we do have a creator.

regards
  • #3,756
  • Jul 23, 2008 2:06am Jul 23, 2008 2:06am
Good morning sirs!

How are you doing so far?

I'm dancing the long side of USDJPY again.
Nice move with the USD bulls.

@Good morning fti:
To the suggestions of jest and auxesis.
Yes it's a little egoistical but if I had a wish for free and if it is doable for you, I prefer your live trading sessions. As you mentioned before it is very helpful for me to get to the rythm of the market.

Have a successful day!
  • #3,757
  • Jul 23, 2008 2:08am Jul 23, 2008 2:08am
Quoting jest1081
Hey guys,

strong impulse on the dollar bulls yesterday. hope all had a nice ride chinking the pips.



auxesis,
i fully concur with aux.

fti, it would also put too much stress for you to perform optimally at all times. EOD or session re-cap would be best imo.
Hi jest,
I note your suggestion.
I'll be giving it some thought, once I'm off the market ride.
Thanks.

regards
  • #3,758
  • Jul 23, 2008 2:15am Jul 23, 2008 2:15am
Quoting joypips
thanks seeit,

So good to see this again, was on our morning brekkie show on tele last week. Put a smile on my face that lasted all day.

So good to see you all getting those pips last night. I miss out on New York session need my sleep as have day job. London session gives us decent pips though so i am happy.

Fti.... b4 this thread i would never have considered the 5m chart and now feel quite comfortable with it. It's the small things making a huge difference difference to my trading... focus on the now, no predictions or expectations.
be happy with slowly building skills that you have taught and the profits will come. (and they certainly are)

leigh am so sorry will miss you

joy
Hi joypips,
I understand , most people have other commitments in living. Don't worry too much about it, Go on your own pace. I am glad that the pips are coming in. If you can afford it, move up the ladder slowly, at yor own pace. Anyway , it difficult to master championship class swimming in the baby pools. But you must be prudent , you must "know thyself".

In many ways I admire many here, juggling jobs, family and the market. It takes much energies and commitment.


regards
  • #3,759
  • Jul 23, 2008 2:20am Jul 23, 2008 2:20am
Quoting MaMood
Good morning sirs!

How are you doing so far?

I'm dancing the long side of USDJPY again.
Nice move with the USD bulls.

@Good morning fti:
To the suggestions of jest and auxesis.
Yes it's a little egoistical but if I had a wish for free and if it is doable for you, I prefer your live trading sessions. As you mentioned before it is very helpful for me to get to the rythm of the market.

Have a successful day!
Hi MaMood,
Doing fine, just fisned riding the USD Bull to testing the EURusd support, Lets see how London plays the game today.
So really today eveyone knows the USD bias, its a question how the game will pan out. I guess many can handle it from here fine. Test yourself out. This is good training ground. Be nimble !

regards
  • #3,760
  • Jul 23, 2008 2:33am Jul 23, 2008 2:33am
Quoting fti
Hi MaMood,
Doing fine, just fisned riding the USD Bull to testing the EURusd support, Lets see how London plays the game today.
So really today eveyone knows the USD bias, its a question how the game will pan out. I guess many can handle it from here fine. Test yourself out. This is good training ground. Be nimble !

regards
yes sir , ill be looking out for yen behavior in that 108.40 area ... been very interesting area ...
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