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Technical Analysis Fallacy

  • #7,101
  • Jun 9, 2009 3:45am Jun 9, 2009 3:45am
there is someone with 60000% a month ? I ve read 1000% ppl ...
I find it hard to believe anyone can do 1000% a month until I read the statement...
To Live is the rarest thing in the world , Most people exist , that is all
  • #7,102
  • Jun 9, 2009 3:50am Jun 9, 2009 3:50am
Quoting maheswara
there is someone with 60000% a month ? I ve read 1000% ppl ...
I find it hard to believe anyone can do 1000% a month until I read the statement...
Its discussed in FF some time back....

here is the original link

http://www.fxclub.com/customer-intervew/

such stories good for mental masturbation
  • #7,103
  • Jun 9, 2009 4:23am Jun 9, 2009 4:23am
Quoting aiyahmarklah
Its discussed in FF some time back....

here is the original link

http://www.fxclub.com/customer-intervew/

such stories good for mental masturbation
hmm possibly true , GY moved 50000 pips in few months ...300 usd leveraged 400 times can come to 1 mini lot
he just needs to double his money everyday playing a minilot, truly impressed
To Live is the rarest thing in the world , Most people exist , that is all
  • #7,104
  • Jun 9, 2009 4:27am Jun 9, 2009 4:27am
market pulse is back....watch
  • #7,105
  • Edited 5:47am Jun 9, 2009 4:58am | Edited 5:47am
short @ 6116

edit (took modest profits after realizing cable is only playing catch up with e/u)
  • #7,106
  • Jun 9, 2009 6:44am Jun 9, 2009 6:44am
FTI: Thank you for sharing your experiences. I have to ask you. I have a demo account and I am profitable for one month with using method from Bobokus. Is now the right time to establish live account? Many people around me use indicators and in the Czech rep. it is now golden fever...They try live, one or twoo month, than they change it and again. Lost money... And they usually end with no hope... And I dont want to obtain advices from them and Bobokus have his own bussiness...so he is not here any more. Should I go live??? Thank you very much.
  • #7,107
  • Edited 7:13am Jun 9, 2009 6:44am | Edited 7:13am
Hi All,
Very tired.
Rode both sides of the hill.
Book is back on profits.

mistakes noted.

1.had been too eager to get back into the market, therefore there was an emotional unbalance.

2. tried to ride a trend bia emotionally, in a congestion. This is basically the mistake, compounded by the emotional hurrying. Getting too darn rigid, in thoughts, creating rigid response , so not dancing to the tune. OUT OFF rhythm dancing.

As a matter of review , David had a better market feel than me when he mistakenly went the other way when he read my posting. You see traders can get very blinded by their bias. Be very careful there, trust yourself. At least when things go wrong you know how to correct it.( or I hope you do , by now).


3. talking on the thread too much , thereby lacking focus on some hints from the dance.

4. impatience, due to unsatisfaction of P&L in $ terms , as the size was too small, and out of normal from before.

Wow much mistakes, now back on form.
and CORRECTING mistakes.

regards

Inserted Video

here's the real stuff.
Inserted Video
  • #7,108
  • Jun 9, 2009 7:02am Jun 9, 2009 7:02am
Quoting Fana
FTI: Thank you for sharing your experiences. I have to ask you. I have a demo account and I am profitable for one month with using method from Bobokus. Is now the right time to establish live account? Many people around me use indicators and in the Czech rep. it is now golden fever...They try live, one or twoo month, than they change it and again. Lost money... And they usually end with no hope... And I dont want to obtain advices from them and Bobokus have his own bussiness...so he is not here any more. Should I go live??? Thank you very much.
Hi Fana,
Thank you for you kind words.
Firstly i do not know Bobokus, nor what his Modus Operande is like.

Off hand I would tell you NO, do not go live.
This is because, I feel that you are not ready.
If you are ready you will not ask me, as I really do not know your level of readiness and experience(I suspect that you are quite new to the business.) but since you had survived profitably ONE month of demo you may try small account , ONLY if you FEEL that you are ready for the sufferings to make the $$$.

By the way, have you read this thread, At least the first 200 pages of it?

You are very lucky person, as there will be many here who can and will help you if you reach out to them. And you will know who they are, if you read this thread and TAF lounge in its totality. Remember reading is free. Your dedication to the education is not. It cost your life(time & effort).

Lastly , I warn you not to be too eager , but get intuned to markets slowly. If you had been following, you would know that to fall out of sync is possible to the best traders, even me.

Good Luck, Good Fortune, on your new found hobby.

regards
  • #7,109
  • Jun 9, 2009 7:08am Jun 9, 2009 7:08am
Quoting Fana
FTI: Thank you for sharing your experiences. I have to ask you.
if i might answer u ...
dont go live just because ur demo is in profit... being profitable takes a long time , with a proper guidance it still takes more than a year or two , without one cld take 3-4 yrs or more in some ...
if u feel u need to go live , then try live as small as possible , 100 usd if possible , trade with broker that has no minimum size ,
study ur emotion , identify wats lacking within u , studying the market is just half the work done , studying urself is another half and it takes much harder work to rectify wat u r lacking...
To Live is the rarest thing in the world , Most people exist , that is all
  • #7,110
  • Jun 9, 2009 7:09am Jun 9, 2009 7:09am
Quoting fti
Hi All,
Very tired.
Rode both sides of the hill.
Book is back on profits.

mistakes noted.

1.had been too eager to get back into the market, therefore there was an emotional unbalance.

2. tried to ride a trend bia emotionally, in a congestion. This is basically the mistake, compounded by the emotional hurrying. Getting too darn rigid, in thoughts, creating rigid response , so not dancing to the tune. OUT OFF rhythm dancing.

3. talking on the thread too much , thereby lacking focus on some hints from the dance.

4. impatience, due to unsatisfaction...
Hi, FTI:

Glad you made profits finally. The market is in conjestion. But I still believe E/U's increase is only a rebound most likely. Goldman Sachs has recommened buying of EURO that is the reason of big E/U incease one hour ago.
  • #7,111
  • Jun 9, 2009 7:11am Jun 9, 2009 7:11am
Odd Tuesday...it feels as early as a Monday.
Just several min ago E/U moved into a strong spike.
Liquidity is low.
There is not a London or US holiday.
Where is the big money?
It does not seem to be in forex.
What is going on?
What am I missing?
Empty as water and soft as a facing wind mountain
  • #7,112
  • Jun 9, 2009 7:14am Jun 9, 2009 7:14am
fti, maheswara, thank you, I am going to study this Thread and continue with my demo.
  • #7,113
  • Jun 9, 2009 7:14am Jun 9, 2009 7:14am
Staying focused on trading this morning has paid off, but am now taking a break to check in on FF. fti, glad to see you made out alright. Now take a deep breath and good luck trading today. I hope everyone is careful with what they see today. I am guessing there are a few surprises in this still to come.
  • #7,114
  • Jun 9, 2009 7:15am Jun 9, 2009 7:15am
Quoting luSan
Odd Tuesday...it feels as early as a Monday.
Just several min ago E/U moved into a strong spike.
Liquidity is low.
There is not a London or US holiday.
Where is the big money?
It does not seem to be in forex.
What is going on?
What am I missing?
That$ move was seen across the 3k's not just euro,

corrective or reversal? don't know overall bias is still down, but she's pulsing north atm, go with the flow, but be Nimble I think is the key for the moment
  • #7,115
  • Jun 9, 2009 7:17am Jun 9, 2009 7:17am
Quoting luSan
Odd Tuesday...it feels as early as a Monday.
Just several min ago E/U moved into a strong spike.
Liquidity is low.
There is not a London or US holiday.
Where is the big money?
It does not seem to be in forex.
What is going on?
What am I missing?
yeah , Lusan same feeling here.
Where's the money, isn't there any left?

I guess it will pass. Question is when.
If this market congests for 1 year and voitility dies down.
We may be turning old for nots looking at our monitors.

regards
  • #7,116
  • Jun 9, 2009 7:32am Jun 9, 2009 7:32am
Glad to have you back fti....

suffering from RSI, no not Relative Strength Index but Repetitive Strain Injury

please all good traders take care of your table ergonomics.

Good pips to all of you
  • #7,117
  • Jun 9, 2009 7:53am Jun 9, 2009 7:53am
One question for those who are looking for dollar strength. My trend on the EUR/USD is down, with a retracement on my 4H which shows as an up move on the 1H (same for the GBP/USD, etc). Is your bias based on the 1H trend? For me, until the Day chart reverses, I assume the trend is up, but will trade down for small (30-50 pips) chunks while the market is trying to decide its direction. Under current circumstances, I trade south light, and north heavy, and will continue until real money returns to the market to settle the dispute on direction. Would someone please describe why you are facing south with so much certainty? Stay focused on trading until you have time to think about this, don't want to distract you from the important matter at hand!
  • #7,118
  • Jun 9, 2009 7:54am Jun 9, 2009 7:54am
Quoting auxesis
That$ move was seen across the 3k's not just euro,

corrective or reversal? don't know overall bias is still down, but she's pulsing north atm, go with the flow, but be Nimble I think is the key for the moment
Hi auxesis,
like David said, seems GS is herding the sheeps our way.
Feasting call soon. Getting ready hunting equipment.

regards
  • #7,119
  • Jun 9, 2009 7:57am Jun 9, 2009 7:57am
Quoting GEfx
Staying focused on trading this morning has paid off, but am now taking a break to check in on FF. fti, glad to see you made out alright. Now take a deep breath and good luck trading today. I hope everyone is careful with what they see today. I am guessing there are a few surprises in this still to come.
Hi GEfx,

Deep breath, and a freah pot of coffee.
Back on the saddle.

regards
  • #7,120
  • Jun 9, 2009 8:00am Jun 9, 2009 8:00am
Quoting aiyahmarklah
Glad to have you back fti....

suffering from RSI, no not Relative Strength Index but Repetitive Strain Injury

please all good traders take care of your table ergonomics.

Good pips to all of you
yeah, reminds me, some exercises.
Tone the body too.
Healthy body , healthy mind.
Becareful of computer injuries. worst than field injuries.


regards
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