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Technical Analysis Fallacy

  • #7,201
  • Jun 11, 2009 10:18am Jun 11, 2009 10:18am
Quoting Zoran
Why are you holding overnight positions and thanking fti for his teachings about nimbleness?
David, I agree with Zoran. From time to time, I feel your mindset got a bit destructed by a different voice... overnight positions and next directions.

Sorry for my sudden pop up comments, but I don't feel you are a stranger to me because I've been learning along side with you and others for a long time, so I just speak out as a classmate should do, hope you don't mind.
  • #7,202
  • Jun 11, 2009 10:23am Jun 11, 2009 10:23am
Quoting GEfx
Squared on all postitions, and will take time off now. I think my posts are more of an intrusion than a participation, so will try to be much less chatty here and look around FF. I hope Zoran's post is not an early sign of a family arguement. Deep breath and fresh cup of coffee time.
not really, just different mo and mindset.
But as you go along,you will find the logic behind the difference.
The pointing out of difference (arguments) are really caring people who detected, so bring up the issues to deliberate.
Uncaring people will not mention and let the incumbents learn thru their own learning curve.

egos cannot clash, if all are holding theirs down. It is for the good of all. So stay cool. reminders are for the good of all. remember it can affect your book.

regards
  • #7,203
  • Jun 11, 2009 10:37am Jun 11, 2009 10:37am
Quoting fti
not really, just different mo and mindset.
But as you go along,you will find the logic behind the difference.
The pointing out of difference (arguments) are really caring people who detected, so bring up the issues to deliberate.
Uncaring people will not mention and let the incumbents learn thru their own learning curve.

egos cannot clash, if all are holding theirs down. It is for the good of all. So stay cool. reminders are for the good of all. remember it can affect your book.

regards
I completely understand and agree with you. Deep breathing and staying cool! Time for a run and then on to other things. Be kind.
  • #7,204
  • Jun 11, 2009 10:44am Jun 11, 2009 10:44am
Hi,
Sorry, My energies seems still disorientated.
So I shall take an early rest.

Good Fortune to all.

regards
  • #7,205
  • Jun 11, 2009 10:57am Jun 11, 2009 10:57am
Quoting fti
aiyahmarklah, yeah seems so.

Actually I got funny feeling, that its not that you are not qualified. Probably because the rooms are not looking into giving away their monopoly of the otc structure.

I am lucky that no one has bumped me with"well why didn't you implement this when you were calling the shots?" To be absolutely honest, then, we were only after killing bank counterparties. Corporate desk were killing corporate suckers , imagine for 5 to 10 million usd tickets, they were quoted 15pips spreads. Now you are quoted 2 pips for non...
Hmm could that be why only foreign banks are more "friendly" towards me ? At Rabo, they were like, sure ! , anytime, min size 5m...thats all. LOL
But I am not looking to trade with banks in a traditional sense. So for those 5 mil tickets, they were ripped off coz they were small or simply to make money for the bank ?

anyway dear fti, I am not as optimistic about retail brokrage here. Just look at the equalties department. F****ers with some business model huh....lets not start....

But fti, you are probably right about banks wising up, DBS lauched their retail platform recently, but as usual, anything but competetive.

Well well, I'll just be contend atm, hope you can find your ideal provider soon.

Just curious, are you on the dance floor ?
  • #7,206
  • Jun 11, 2009 11:26am Jun 11, 2009 11:26am
Quoting Zoran
Why are you holding overnight positions and thanking fti for his teachings about nimbleness?
No. You are wrong.

When to hold(riding), and when not holding, even overnight positions (in fact I was talking about intra-day) you also have to be nimble on these two choices.
  • #7,207
  • Jun 11, 2009 11:45am Jun 11, 2009 11:45am
Quoting Green_David
No. You are wrong.

When to hold(riding), and when not holding, even overnight positions (in fact I was talking about intra-day) you also have to be nimble on these two choices.
That is what I understood:
For example, in a dance, I could leave a scout or less than a scout in the field to gather more $ after the dance is finished. Then you could take your time and check once in a while to see how PA is acting.
Right?
Empty as water and soft as a facing wind mountain
  • #7,208
  • Edited 1:43pm Jun 11, 2009 11:54am | Edited 1:43pm
[quote=lilpip;2794397 I really like trading around this time, I dont think Ive lost a trade in 7 months with the e/u and g/u during this time period.[/quote]

hey lilpip and everyone,

i cannot trade other than anound NY-close... today i had two hours during london session watched and traded 5m. tf. and lost many pips but it was on a 50$ scout with two 100$ rescues ... closed my trade when i had work to do.i lost about 50 cents. (still this is harder than losing 100 demo$)

i will stick to "around NY-close" and i trade off the 1 min.tf and look at 5 and 15 min chart for trend.

i want to ask you lilpip: do you look at 5 min candles because when i did often i could not concentrate because there seems no dancing going on and i want to walk away from my screen????

i am going to look at eu. now

good trading to all
even with my eyes open i cannot see everything
  • #7,209
  • Jun 11, 2009 12:28pm Jun 11, 2009 12:28pm
Quoting Green_David
Good job.

Now you know the benefit of buy-and-hold? My G/U with 90 pips ,still holding over night. Attack positions were closed with 20~80 pips. E/u jumped in the middle (1.4007, with about 60 pips out).

Thanks FTI for teachng of nimbleness and how to read the pa.
David, please explain the benefit of buy-and-hold and how it gets applied. There is nothing nimble about buy-and-hold.

The overnighter is a scout sized entry left to ride a trend if the trend looks to be continuing and sufficent capital was collected during the day. I don't see this as buy-and-hold based on the conversation you are having.
  • #7,210
  • Jun 11, 2009 12:34pm Jun 11, 2009 12:34pm
Quoting Zoran
David, please explain the benefit of buy-and-hold and how it gets applied. There is nothing nimble about buy-and-hold.

The overnighter is a scout sized entry left to ride a trend if the trend looks to be continuing and sufficent capital was collected during the day. I don't see this as buy-and-hold based on the conversation you are having.
Maybe he doesn't sleep ?
  • #7,211
  • Jun 11, 2009 12:34pm Jun 11, 2009 12:34pm
Quoting Zoran
David, please explain the benefit of buy-and-hold and how it gets applied. There is nothing nimble about buy-and-hold.

The overnighter is a scout sized entry left to ride a trend if the trend looks to be continuing and sufficent capital was collected during the day. I don't see this as buy-and-hold based on the conversation you are having.
My old memory sometimes, what was I saying?

I recall Fti, commenting to someone very early in the thread about using foreign capital to protect a scout or small size left overnight, but I did not think this related to the actual TAF lessons.

How can one dance when they snoozing?
  • #7,212
  • Jun 11, 2009 12:36pm Jun 11, 2009 12:36pm
And the euro continues to scream north. Me's tired
  • #7,213
  • Jun 11, 2009 12:40pm Jun 11, 2009 12:40pm
Quoting auxesis
And the euro continues to scream north. Me's tired
yeah and i got squared rather early, paranoid due to earlier day's trauma.
Seem like the market good to you today huh ? congrats congrats
  • #7,214
  • Jun 11, 2009 12:53pm Jun 11, 2009 12:53pm
Quoting auxesis
GEFx,

Still feels south to me, but we are kinda in no mans land atm, would like to see it get below 3930, but timing may not be right for much further push today, see what the lunch crowd has to say when they get back.

regards,
aux, this is not the time to leave an overnighter in, right?
  • #7,215
  • Jun 11, 2009 12:54pm Jun 11, 2009 12:54pm
Quoting aiyahmarklah
yeah and i got squared rather early, paranoid due to earlier day's trauma.
Seem like the market good to you today huh ? congrats congrats
aiyahmarklah,

Markets were kind today, not too bad...... should be interesting tom.

regards,
  • #7,216
  • Jun 11, 2009 12:57pm Jun 11, 2009 12:57pm
Quoting Zoran
aux, this is not the time to leave an overnighter in, right?
Lol, with the markets the way they are nowadays I don't think there's ever a good time to leave a position unattended overnight or any time for that matter.
  • #7,217
  • Jun 11, 2009 1:06pm Jun 11, 2009 1:06pm
Quoting auxesis
Lol, with the markets the way they are nowadays I don't think there's ever a good time to leave a position unattended overnight or any time for that matter.
I dont agree, but i trade different method if thats the case.
  • #7,218
  • Jun 11, 2009 1:09pm Jun 11, 2009 1:09pm
If you want to gamble on a moves extension put in a stop using profits to cover and throw the dice, but imho, the risk associated isn't worth the gamble on leaving unattended open positions regardless of size.

The profit potential from regular attacks are much better.

I'm not saying that overnightrer's don't have their place, but that's not TAF dancing in my opinion..... get's me back more into pattern trading picking targets and such
  • #7,219
  • Jun 11, 2009 2:28pm Jun 11, 2009 2:28pm
If the conditions are met then keeping in an overnighter should be fine. But it would have to meet the following:

1. The market is trending and looks to be continuing
2. Sufficient capital has been made during the day to keep it safe.

Now with sufficient capital, I would look at something like 1 entry (overnighter) with at least a couple of thousand banked already. Otherwise it's too risky.
  • #7,220
  • Jun 11, 2009 2:43pm Jun 11, 2009 2:43pm
didn't basic AOW states that short battles are preferred over long battles ?

In my own experience, prolonged battles are usually due to

1. deep in profits
2. deep in trouble

???
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