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Technical Analysis Fallacy

  • #6,501
  • Apr 6, 2009 12:00pm Apr 6, 2009 12:00pm
Quoting piccolo
stocks down, risk aversion, dollar safe heaven
Indeed, thanks. Its interesting to see how similar e/u and dow look now.
Read 'The disciplined trader'.
  • #6,502
  • Edited 12:31pm Apr 6, 2009 12:13pm | Edited 12:31pm

Hi David
Certainty in the market kills......... from flow of water many learn.........

  • #6,503
  • Edited 3:31pm Apr 6, 2009 1:09pm | Edited 3:31pm
... how to remove glass?
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  • #6,504
  • Apr 6, 2009 3:57pm Apr 6, 2009 3:57pm
I'm much happier viewing all the different timeframes as one now. I used to think of them almost as separate from each other, now I see as you start from the daily chart and go in, it is just like putting a magnifying glass on the last half / third of the preceding chart.

It certainly helps in feeling the market anyway.

Still back in demo mode but I am beginning to spot my destructive tendencies a lot more easily now. After placing a trade and watching the charts, I can pinpoint my bad thought patterns and am beginning to rectify them. I finally feel like I am making some progress here - things are beginning to flow.
  • #6,505
  • Apr 6, 2009 4:05pm Apr 6, 2009 4:05pm
Quoting ukmanthailan
I finally feel like I am making some progress here - things are beginning to flow.

Just one small suggestion...


"Let it Flow"


V
  • #6,506
  • Apr 6, 2009 4:11pm Apr 6, 2009 4:11pm
For sure - will do my best.

The rest of the methodolgy is starting to make more sense now too. I have a very long way to go in practising / perfecting its implementation, but for me, without feeling the flow, it was like being given a strategy to win a swimming race, but being unable to swim. The flow is like a background picture to me, over which you place the strategy (like a see-through template or a map, through which you can see the flow underneath) - I don't know if that makes any sense to anyone.
  • #6,507
  • Apr 6, 2009 4:19pm Apr 6, 2009 4:19pm
Quoting ukmanthailan
For sure - will do my best.

The rest of the methodolgy is starting to make more sense now too. I have a very long way to go in practising / perfecting its implementation, but for me, without feeling the flow, it was like being given a strategy to win a swimming race, but being unable to swim. The flow is like a background picture to me, over which you place the strategy (like a see-through template or a map, through which you can see the flow underneath) - I don't know if that makes any sense to anyone.

dog is a better trader than the cat
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  • #6,508
  • Apr 6, 2009 4:30pm Apr 6, 2009 4:30pm
Quoting Gro
dog is a better trader than the cat
That's good then. I like dogs a lot more than cats. They learn patterns and follow them, rather than try and lead like a cat. They avoid fighting unless they are sure of winning or have no other option, in which case they commit fully to the fight. A good comparison Gro.
  • #6,509
  • Apr 6, 2009 4:34pm Apr 6, 2009 4:34pm
Quoting ukmanthailan
That's good then. I like dogs a lot more than cats. They learn patterns and follow them, rather than try and lead like a cat. They avoid fighting unless they are sure of winning or have no other option, in which case they commit fully to the fight. A good comparison Gro.
Hi ukmanthailan

Cats do not see glass, a dog sits on a hill as a general to see.

  • #6,510
  • Apr 7, 2009 1:37am Apr 7, 2009 1:37am
Anyone here short EU. Braking of the lower H4 trendline seem nice oppurtunity and is also in the moment backed with the sentiment and also fundamentals are in favour of euro. regards
  • #6,511
  • Apr 7, 2009 3:25am Apr 7, 2009 3:25am
morning all ,
guess all waiting for gbp news in few mins ...
im squared as well , waiting for news

good trade to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,512
  • Apr 7, 2009 4:21am Apr 7, 2009 4:21am
Quoting maheswara
morning all ,
guess all waiting for gbp news in few mins ...
im squared as well , waiting for news

good trade to all
Hi maheswara

I made blietzcriek.

Now calm down the mind.

  • #6,513
  • Apr 7, 2009 4:37am Apr 7, 2009 4:37am
Quoting Gro
Hi maheswara

I made blietzcriek.

Now calm down the mind.

u mean quick money ? i made a meager 1% , scout still in ... no balls to skew heavy
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,514
  • Apr 7, 2009 4:53am Apr 7, 2009 4:53am
Quoting maheswara
u mean quick money ? i made a meager 1% , scout still in ... no balls to skew heavy
... each fight different.1% is SUPER! ... or better -1%?...
(I have 5% a now calm down bloodthirsty soldiers)

I listen to symphony and waiting for it to my mind together with my microscout.

  • #6,515
  • Apr 7, 2009 5:05am Apr 7, 2009 5:05am
Quoting Gro
... each fight different.1% is SUPER! ... or better -1%?...
(I have 5% a now calm down bloodthirsty soldiers)

I listen to symphony and waiting for it to my mind together with my microscout.

5% wat I use to make with small account at time like this,
now bigger account , not that easy , even 1% is hard
hopefully ill get my balls back soon

congrats on the 5% , good job

thread is very quiet no ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,516
  • Apr 7, 2009 5:11am Apr 7, 2009 5:11am
Quoting maheswara
5% wat I use to make with small account at time like this,
now bigger account , not that easy , even 1% is hard
hopefully ill get my balls back soon

congrats on the 5% , good job

thread is very quiet no ?
Hi maheswara
good job ... but I have to stop now ... bloodthirsty mindset

strict sword to me
  • #6,517
  • Apr 7, 2009 5:30am Apr 7, 2009 5:30am
hi, i have blown 2 accounts already this year.
lol, i keep sending in rescue after rescue. until i get margin call, on both occasions.
there goes my all savings.

- i guess i am not meant for this kind of trading technique. This few days i recap back everything, i realise 'hope' is so strong within me. If i didnt put stop losses, i will never take losses. yes, i never will. Now that i had lost everything, i curse myself for not taking stoplosses, but then, when it was down 50%, i still cling to 'hope'. LOL


-but then, last time when i used to put SL, i might gain 30% and then losses back 30%. But with this technique, i doubled my account in 2 months but it only takes a 'fccking' once in a blue moon go wrong and......

-but of course its all my own fault. *sigh*
  • #6,518
  • Apr 7, 2009 5:50am Apr 7, 2009 5:50am
Quoting woopypooky
hi, i have blown 2 accounts already this year.
lol, i keep sending in rescue after rescue. until i get margin call, on both occasions.
there goes my all savings.
y not pull the plug when its -10% ?
true , can never afford to be careless either ,
I hope you find a more suitable method ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,519
  • Apr 7, 2009 6:13am Apr 7, 2009 6:13am
Quoting woopypooky
...i keep sending in rescue after rescue. until i get margin call...

-
Are you sure you trade the trend? This kind of drawdown can only be the result of fighting impulses.
Try to learn to pull the plug at a predetermined % loss and remember not to be rigid as "each candle adds to the picture".


Or, as you said simply abandon the method..

regards
  • #6,520
  • Edited 10:48am Apr 7, 2009 8:16am | Edited 10:48am
Quoting woopypooky
hi, i have blown 2 accounts already this year.
lol, i keep sending in rescue after rescue. until i get margin call, on both occasions.
there goes my all savings.

- i guess i am not meant for this kind of trading technique. This few days i recap back everything, i realise 'hope' is so strong within me. If i didnt put stop losses, i will never take losses. yes, i never will. Now that i had lost everything, i curse myself for not taking stoplosses, but then, when it was down 50%, i still cling to 'hope'. LOL


-but then, last time when i used to put...

My personal experience - poor reading and understanding of fiber, poor reading yourself. Method is not to bad.

I not you hurt, trying to help you.

I write because I tried different methods.None are sophisticated and the natural as this method.
Not run between methods but to change your thinking.

Regards

PS:it's in you

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