DislikedHi Lusan
CU, goodnight.
regards
position recap Sx21x15550
be back in a while.
OMG isn't NY boys going for lunch?
Hi ALL
Afternoon NY session today is gonna be hairy for me as I am in level 2 attack sequense.
So forgive me if I cannot post running positions .
I shall post position recap, when able.
Is anyone having live positions?Ignored
Technical Analysis Fallacy
- #4,623
- Aug 1, 2008 10:51am Aug 1, 2008 10:51am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #4,625
- Edited 11:11am Aug 1, 2008 10:58am | Edited 11:11am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #4,629
- Aug 1, 2008 11:08am Aug 1, 2008 11:08am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #4,633
- Aug 1, 2008 11:28am Aug 1, 2008 11:28am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
Fti,
Thank you for you thoughts, it was my intent when i first stumbled upon our thread to better my MM and try to incorporate your style into existing mindset, i have still to answer the question if this can be achieved. I have been told from Zoran to drop everything and embrace just the concept that your have laid out here. But have not completely to be honest.
You are right, unless one is inline with what you are doing, the commentary can be destructive to the group, time i reread the thread I think.
Thank you again for your time and effort givin here, I'll be in the back ground reading
Thank you for you thoughts, it was my intent when i first stumbled upon our thread to better my MM and try to incorporate your style into existing mindset, i have still to answer the question if this can be achieved. I have been told from Zoran to drop everything and embrace just the concept that your have laid out here. But have not completely to be honest.
You are right, unless one is inline with what you are doing, the commentary can be destructive to the group, time i reread the thread I think.
Thank you again for your time and effort givin here, I'll be in the back ground reading
Hi FTI and everyone,
I stumbled upon this thread about 2 weeks ago and have been hooked ever since. I just finished my first reading and will be rereading it again.
I started out like most people, having been sold on the magic of technical indicators, that they can somehow predict the markets direction. Gradually, after wasting thousands of dollars (demo
) and resetting my accounts over and over again, i was totally wasted emotionally (yes, even with demo money).
So one day i just decided to discard everything but just draw trendlines and S/R. I just told myself to look for a trend, and then look for a discount(retracement) and use buy/sell stop orders to get into the market. My demo account started to grow and and my performance became way better than when i was using indicators. Imagine that, hah!
However, always when i started to grow full of myself, i always tended to self destruct. I would try to anticipate the market and become the scorpion. There was always that certain trendline, certain S/R that i had pinned my hopes on would act in my favour, and it almost always never did what it had so often done before, and cause me to lose, in one trade, what i have accumulated over days and weeks.
So, i discarded them, so that they won't be able to entice the scorpion in me with their presence. And then i stumbled upon this thread, due to its thread title, which so intrigued me, and have been amazed by the depth and breadth of knowledge that is present in this thread.
I am still learning how to dance, and finding my way, and striving one day to become a good trader.
so, Hi everyone!
I would like ask one question first, though:
when is the appropriate time to deploy the scout? at the end of your analysis, during the impulse, end of impulse, retracement of impulse, sudden surge of PA etc... hope you guys understand what i am trying to ask.
I stumbled upon this thread about 2 weeks ago and have been hooked ever since. I just finished my first reading and will be rereading it again.
I started out like most people, having been sold on the magic of technical indicators, that they can somehow predict the markets direction. Gradually, after wasting thousands of dollars (demo
) and resetting my accounts over and over again, i was totally wasted emotionally (yes, even with demo money).So one day i just decided to discard everything but just draw trendlines and S/R. I just told myself to look for a trend, and then look for a discount(retracement) and use buy/sell stop orders to get into the market. My demo account started to grow and and my performance became way better than when i was using indicators. Imagine that, hah!
However, always when i started to grow full of myself, i always tended to self destruct. I would try to anticipate the market and become the scorpion. There was always that certain trendline, certain S/R that i had pinned my hopes on would act in my favour, and it almost always never did what it had so often done before, and cause me to lose, in one trade, what i have accumulated over days and weeks.
So, i discarded them, so that they won't be able to entice the scorpion in me with their presence. And then i stumbled upon this thread, due to its thread title, which so intrigued me, and have been amazed by the depth and breadth of knowledge that is present in this thread.
I am still learning how to dance, and finding my way, and striving one day to become a good trader.
so, Hi everyone!
I would like ask one question first, though:
when is the appropriate time to deploy the scout? at the end of your analysis, during the impulse, end of impulse, retracement of impulse, sudden surge of PA etc... hope you guys understand what i am trying to ask.