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Technical Analysis Fallacy

  • #4,841
  • Aug 4, 2008 10:46am Aug 4, 2008 10:46am
Sometimes I like to read a thread , and not have the ability to respond....an impulsive reply has gotten me in some hot water in the past....if you prefer for me to always be signed in when I read this thread, I will comply out of respect for you...
  • #4,842
  • Aug 4, 2008 10:48am Aug 4, 2008 10:48am
Quoting fti
I see 17 members here, but I only counted 14 names , who are the other 3 members,
Can anyone tell me if members can hide their callsigns.

regards

There are 3 members hiding, indentify yourselfs please !
Under loggin and privacy options in your user options you can check invisible mode that will keep your name off the current viewer list.

My name should not show up,as it is checked now.
  • #4,843
  • Aug 4, 2008 10:51am Aug 4, 2008 10:51am
Quoting fti
I see 17 members here, but I only counted 14 names , who are the other 3 members,
Can anyone tell me if members can hide their callsigns.

regards

There are 3 members hiding, indentify yourselfs please !
Hi! Mr fti,
I just sign-in, I have started reading this thread several days ago and up to page 50, but always come to last page to see current development.

I am new in fx trading, about half a year's experience, I started demo a/c at first, then opened a mini a/c, as you can guess the outcome, I lost 30% of my initial capital in 1 month's time. I stoped trading since then because I know I am not ready yet. FYI, I traded shares (KLSE counter as I'm a Malaysian) & CPO before come to forex. Both were failure also.

I read many books and attened 2 courses and always want to learn how to trade profitably. This is indeed a great thread, you open my mindset about trading, your concepts method break some of my traditional thought about trading, I have a feeling that my trading mindset is at liberty now....

Hope you can understand my simple English, I enjoy reading this thread although I need to refer dictionery quite often.

Regards,
  • #4,844
  • Aug 4, 2008 10:51am Aug 4, 2008 10:51am
Quoting fti
Hi David,
The E/U was hard, I was lost myself, just feeling my way ,
turned like I told you cause they just gushed over my 20 lots positions and I turned, as I ouldn't see , just depended on th impulse wave.
It was hard even for me.

Good that you made pips overall.

regards
No, FTI:

Today, I did a lot of lousy trades. G/U should have given me more than 100 pips, but I closed the most with 20 pips , and scout half way!

Today, I became a stupid sitting duck stop loss @5605 because chasing the market after 8:30 news.

Size problem again. If my size is reasonable small I won't cut loss @5605, then the price back. Even if I didn't add around 5620, at least I won't book in loss.

Well, the market can be so volitile and un-predictable.

I have some loss (luckily not much) in total.

Are you trading into NY late session?

btw: DJIA bounce 100 points, gold broken 900, now 897.
  • #4,845
  • Aug 4, 2008 10:57am Aug 4, 2008 10:57am
Quoting Billionaire
Hi! Mr fti,
I just sign-in, I have started reading this thread several days ago and up to page 50, but always come to last page to see current development.

I am new in fx trading, about half a year's experience, I started demo a/c at first, then opened a mini a/c, as you can guess the outcome, I lost 30% of my initial capital in 1 month's time. I stoped trading since then because I know I am not ready yet. FYI, I traded shares (KLSE counter as I'm a Malaysian) & CPO before come to forex. Both were failure also.

I read many books and attened 2 courses and always want to learn how to trade profitably. This is indeed a great thread, you open my mindset about trading, your concepts method break some of my traditional thought about trading, I have a feeling that my trading mindset is at liberty now....

Hope you can understand my simple English, I enjoy reading this thread although I need to refer dictionery quite often.

Regards,
Hi Billionaire,
Welcome,
Help yourself to the info, it is free for the taking.

Regards
  • #4,846
  • Aug 4, 2008 11:00am Aug 4, 2008 11:00am
Quoting Green_David
No, FTI:

Today, I did a lot of lousy trades. G/U should have given me more than 100 pips, but I closed the most with 20 pips , and scout half way!

Today, I became a stupid sitting duck stop loss @5605 because chasing the market after 8:30 news.

Size problem again. If my size is reasonable small I won't cut loss @5605, then the price back. Even if I didn't add around 5620, at least I won't book in loss.

Well, the market can be so volitile and un-predictable.

I have some loss (luckily not much) in total.






Are you trading into NY late session?

btw: DJIA bounce 100 points, gold broken 900, now 897.
Hi David,
yes, I'll be trading Ny afternoon , gotta make the pips back,
But very cautious, as I have a skidding feeling.
Only market flow saved my behind today, I am getting rusty.

regards
  • #4,847
  • Aug 4, 2008 11:03am Aug 4, 2008 11:03am
Quoting auxesis
Under loggin and privacy options in your user options you can check invisible mode that will keep your name off the current viewer list.

My name should not show up,as it is checked now.
Oh , Thanks for info, auxesis.
Is there any way as thread owner to check who they are?

I am a little paranoia as I have some sucurity concerns after the email I recieved on Sunday.

regards
  • #4,848
  • Aug 4, 2008 11:05am Aug 4, 2008 11:05am
Quoting seeit
Sometimes I like to read a thread , and not have the ability to respond....an impulsive reply has gotten me in some hot water in the past....if you prefer for me to always be signed in when I read this thread, I will comply out of respect for you...
Hi seeit,
No, its ok.

I just didn't know how it works, and like I explained to auxesis,
I am alittle spooked.

regards
  • #4,849
  • Aug 4, 2008 11:05am Aug 4, 2008 11:05am
Quoting fti
Oh , Thanks for info, auxesis.
Is there any way as thread owner to check who they are?

I am a little paranoia as I have some sucurity concerns after the email I recieved on Sunday.

regards
you received a threat or something ??
To Live is the rarest thing in the world , Most people exist , that is all
  • #4,850
  • Aug 4, 2008 11:11am Aug 4, 2008 11:11am
Quoting fti
Hi David,
yes, I'll be trading Ny afternoon , gotta make the pips back,
But very cautious, as I have a skidding feeling.
Only market flow saved my behind today, I am getting rusty.

regards
OK. I will see. But when I feel sleepy, I will go to sleep. Today's loss would be OK. I have tommorrow, or if I find a good opportunity, make a killing, all the things back.

Long hours battle really sucks! Made me lose patience, alert, nimbleness.
  • #4,851
  • Aug 4, 2008 11:11am Aug 4, 2008 11:11am
Quoting luSan
Sir, I am here...and finally happy that the bulls are back.
Hi Lusan,
Why are you happy that he bulls are back,

The USD bears are in town again. Whether to stay? I don't know.
Or is it one night show only , we will know soon.

Do you have a pack with them or something.?

As traders we must be ronin, go where the money is.

regards
  • #4,852
  • Aug 4, 2008 11:12am Aug 4, 2008 11:12am
Quoting fti
Oh , Thanks for info, auxesis.
Is there any way as thread owner to check who they are?

I am a little paranoia as I have some sucurity concerns after the email I recieved on Sunday.

regards
@fti: Hope U can see me, as I'm here to learn and not to offend anyone, especially u..
  • #4,853
  • Aug 4, 2008 11:12am Aug 4, 2008 11:12am
If you come to North Carolina, I will watch your back...we are well armed here , as you might have guessed....
  • #4,854
  • Aug 4, 2008 11:15am Aug 4, 2008 11:15am
thank you very much for the great thread (I learned a lot from here)
but my prolem i like to be in silence.
  • #4,855
  • Aug 4, 2008 11:19am Aug 4, 2008 11:19am
Hello,

For most experienced people:

Whay do you think about this formation in 60' chart?
Attached Image
  • #4,856
  • Aug 4, 2008 11:19am Aug 4, 2008 11:19am
Quoting maheswara
you received a threat or something ??
Hi,
No not yet, but my security details are compromised.
So Ihave to tighten up,

You know, the way politics like to rope people in, esp if they think you've been there,. There are all sorts of syndicates out there looking to dig skeleton out of people's cabinets.. Do anything to get what they need from people, if they suspect that you may have what they want.

Just one of those ugly things in life.


regards
  • #4,857
  • Aug 4, 2008 11:20am Aug 4, 2008 11:20am
Quoting fti
Hi Lusan,
Why are you happy that he bulls are back,

The USD bears are in town again. Whether to stay? I don't know.
Or is it one night show only , we will know soon.

Do you have a pack with them or something.?

As traders we must be ronin, go where the money is.

regards
Because I was not paying attention to the news...I forgot...so I became a real PIG...reverted got some profit....then reverted again...the bull brought back 50 % of my losses...

Learned 2 lesssons: (1) Patience and (2) no to fall in love with analysis; trade the bloody thing...

you did good...yes, daily said go south, but 5M said "I do not know. I go north for a while"..."I did not listen and I panicked." So here I am humbled one more time...still I will fight.... I think the samurai fought with the belief that today they will die, so they forfitted their life...Not a bad idea... I forfitted my account.

I am dollar bull
Empty as water and soft as a facing wind mountain
  • #4,858
  • Aug 4, 2008 11:20am Aug 4, 2008 11:20am
Quoting fti
Hi,
No not yet, but my security details are compromised.
So Ihave to tighten up,

You know, the way politics like to rope people in, esp if they think you've been there,. There are all sorts of syndicates out there looking to dig skeleton out of people's cabinets.. Do anything to get what they need from people, if they suspect that you may have what they want.

Just one of those ugly things in life.


regards
i think is this guy

http://en.wikipedia.org/wiki/Jeff_Ooi
  • #4,859
  • Aug 4, 2008 11:21am Aug 4, 2008 11:21am
Quoting fti
Hi Lusan,
Why are you happy that he bulls are back,

The USD bears are in town again. Whether to stay? I don't know.
Or is it one night show only , we will know soon.

Do you have a pack with them or something.?

As traders we must be ronin, go where the money is.

regards
"In whose hands the deer will die, it is not known yet."
  • #4,860
  • Aug 4, 2008 11:21am Aug 4, 2008 11:21am
Quoting textor
Hello,

For most experienced people:

Whay do you think about this formation in 60' chart?
Hey textor, whats that, disco lighting?
regards
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