Technical Analysis Fallacy

Hi ALL,

Thanks for all the nice welcomes.
Sorry that I am not into battle gear yet.
The energies are down + Two of my computers are experiencing problems.

So what I am doing is getting evryting into shape.
I will be ready by monday in battlestations. For now clearing the travel dust. Cu monday.

regards

@Gro , dangerous , reread about Money management, never risk more that 10% loss on single adventure. Try stay below 2% or best never more than 3X your average daily profitability. I think you missed some very important pieces from the thread.
If you do then your learning curve becomes steeper and expensive.

sir, just curious,
wer did u go for so long?
did u go n started ur own bank already ?

, maheswara,

Long long story. my friend.
Anyways today is very busy day , so cannot chat.
Will come on tom, if suits.

Good Fortune.

regards

Hi, f:

Yes, see you next monday, or tonight. I see the market is changing mid-term. We will see a grand show as yesterday's iron lady.

I think GRO is caught claws burnt due to GBP's free fall yesterday.

Hi David
...absolute precision

Hi FTI

I had a small loss so far (max. 5%) but instead of me yesterday dealt a pig

good trade for all

I nearly got caught out on the 3rd for the same reason. I was actually about 25-30% down at one point but made a risky rescue. I've made 41% on my demo in just under 2 months, and it's been nice and consistent up until that scare (and I haven't traded every day by any means). Still it's good to be reminded that there is always something to learn - in this case I was trying to do two things at once and lost my concentration.

hi, GRO and Ukman:

It's the risk, non system risk. Nothing related with TA or PA. That's why babysitting and reasonable size.

10% is a very important loss threshhold..

Hi Green_David, hope you are well.

Yes. I still find it difficult to change my current bias too. That's obviously a crucial skill and one I have yet to learn properly.

I am USD bullish. I think fallings in an up-trend is different from fallings in a down-trend. That is if you can see the difference from correction and impulse you will make the market your atm.

Let's FTI's comment on my opinion.

NFP today surely will be very important. ADP Wendenesday is not good, I doubted NFP today will be bad too. But it is only my suspiction, bias, not take it as sure-win gambling.

Regards.

Slow market and I am distracted in this web site. Am new FF member, and have not read this thread from beginning to here. Very big thread and too big to read all of it. You must be deep pocket, experienced traders to handle 10% or greater risk per trade, although I see you scolding Gro for 30% hit. Not sure this is place for me. What is meant by rescue? Hi fti, sounds like you have been away. Hope you are well.

I see some people post trades and brief analysis here. Are you calling trades or seeking input? Unclear of intent or expectations.

Thanks and good luck to all.

the risk here depends on person to person , some wld take 1% as maximum and some 10% ... the rule of thumb is that it shldnt surpass 3 times of ur daily average earning ...

about the thread,
there are exceptional information into the trading style of marketmaker and banks, so in the end even if u decided not to use the method , u learn a great deal about the currency market and how it works,
if u do decide to use the method , u will discover more about yourself and might embark on a personal journey into becoming a better man and from that, a better trader

good trading to all ,
im euro bull btw ... not sure about other pair though ...

Hi ALL,

Just got back from shopping spree.
And the systems are up and being tested.

I am sorry that I will not be in the markets yet.
Some of you may remember if you had read the thread and remembered 5 th June is my wedding anniversary and both my sons birthday. So I had slotted a big dinner & program for today, will be leaving after this post.

I had always worried about some of you not understanding MM in detail. If you search the thread you will come accross my discussion on this topic , it is critical for your financial health.

Geneerally, your base of the skews should be 1/100 of your portfolio. The skew of the spiral within the spiral is a fibo progression at the most conservative. Please read that very carefully and throughly understand it before any real money is put on the table. Your performance will be dependent on what the markets will give. And your ability to be disciplined in you risk approach. The mindset robustness is dependent on your practise and market accrument. Experience and a conservative careful initial approach affords you leeway for errs in your learning curve.
There are much lessons,that the markets will teach you handson, esp your weakness in mindset and chracter weaknesses.(personality scorpions). I had tried to present the obvious ones esp ego and "predictive" traps that will reside in the emotional side of your endevour. There are more, but mastering the basics is the key to understanding "self" and the pitfall traps that awaits to spring on traders.

I will probably be online tom, to help you with your questions, if suits.

Meanwhile trade cautiously. Rome was not built in a day, neither was it built with haste. But it was destroyed in a flash, so can you financial well being. Remember the markets are battleground, do not enter carelessly.

regards

happy wedding day , sir

Anniversary and Birthdays!!!

Wishing you and Great day with your family.

Cheers fti !

Yeah. Have a good time with your wife and your sons.

Bring my greetings to your wife and sons.

Hi FTI
Congratulations and best wishes.

Battlestations everyone, big numbers are about out..... be careful markets have been in a range since yesterday, watch for head fakes and the dust to settle should be a wild ride.

... this is Rodeo in markets

PS...took +1.5% and watching rodeo

oil hit 70