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Technical Analysis Fallacy

  • #7,441
  • Jun 15, 2009 2:33pm Jun 15, 2009 2:33pm
Quoting fti

By the way , what makes you think that after 300pips move, there must be correction? What rule is that? Better get your mindset straight, dangerous mindset, very dangerous frame of thoughts. Had you never seen thousands of pips moves without correction?
Thanks for small knack on the head..


V
  • #7,442
  • Jun 15, 2009 2:35pm Jun 15, 2009 2:35pm
Quoting fti
If you are good trader, you would want to stay under their radar.

Tell me, what kind of deal can you strike with brokers?
You think there's anything they can offer you that may improve your trading?
You think they own the market? they are only market access.
eh...cheaper commish ?
  • #7,443
  • Jun 15, 2009 2:38pm Jun 15, 2009 2:38pm
Quoting aiyahmarklah
eh...cheaper commish ?
Sorry, I pay no commission.
Only market spread for access.
  • #7,444
  • Jun 15, 2009 2:44pm Jun 15, 2009 2:44pm
Quoting fti
If you are good trader, you would want to stay under their radar.

Tell me, what kind of deal can you strike with brokers?
You think there's anything they can offer you that may improve your trading?
You think they own the market? they are only market access.

If you are suggesting commission sharing, then I am sorry but I have no interest in brokerage, I was market maker, tier 1 , I have my honour to live up to.
Its a different world.
okok lighten up, was only joking....
  • #7,445
  • Jun 15, 2009 2:47pm Jun 15, 2009 2:47pm
Squared up for the day after some very good runs. I will leave it now to Fti, lilpip and the other twilight specialists!! Good luck.
C U tomorrow Ray.
  • #7,446
  • Jun 15, 2009 2:48pm Jun 15, 2009 2:48pm
Quoting indianguyinny24
Thanks for small knack on the head..


V
Didn't mean to whack you on the head.
Just clearing some fallacy and rigidity in thinking.
Why traders would think like that, really baffles me.

I ask that traders feel the flow, and they put stones in their flow path.
This had been, I think David's biggest obsticles. wrong mindset.
This kind of thoughts creates illusions , inhibits ability to analyse situations.
Mostly rigid, and without basis, and driven by fear and phobias.

regards
  • #7,447
  • Edited 3:09pm Jun 15, 2009 2:58pm | Edited 3:09pm
Chief,

I have this thought/question coming in my head all the time...

Remember this story what u told about Pig...

http://www.forexfactory.com/showpost...&postcount=452

The reason i put this story is i now only trade 8.00 EST till whenever i can to get my daily profit which is like .1 -.2% (10-20 cent on 100$)
(Still luckily have full time job and it is demanding in its sense)

Now one thing i noticed which lillpip has doubled is that time market totally moves like 80 pip between top and high...

Now if you know this you can make a lot of money (let me complete what i am saying)...this is big probabilty i check later ... i always have tidal wave concept in my head..

But this story comes to my head seems like Market is giving me Grains and i am closing my other gates...its like in my head i am not developing my other skill set let me add another story... Dont remember exactly but it goes like this..


"Every day a Bird used to watch that a birdhunter will spill some grains on forest floor and birds will eat grain then they done they will fly and the birdhunter will collect the feather left on ground and sell it .. so the bird though that why not i will exchange my two feather against getting grain so i dont need to run all over the world so they both agreed . So everyday the bird will get the grain and give two feather.. boom some time gone.. there were no more feathers and now bird cant fly and the person doesnt give bird any grain either..."

Are we becoming bird if we are not opening to other avenues????


Just a thought thought to exchange with you...


V

PS: sorry for long post hope and i hope i am clear with my question .... you can open my eyes /ears for you
  • #7,448
  • Edited 3:21pm Jun 15, 2009 3:10pm | Edited 3:21pm
Quoting indianguyinny24
Chief,

I have this thought/question coming in my head all the time...

Remember this story what u told about Pig...

http://www.forexfactory.com/showpost...&postcount=452

The reason i put this story is...
I guess you get the point.
The thing is that people are basically inclined to be self important , so they like to demonstrate their abilities. One is in predicting, what markets will do, where it will resist and support.

All the best traders I know, they are very nimble and intelligent that they will not impair their thinking and feel, with arbitary rystal balling.
The people I know who does this are basically, report writers, junior traders, waresmen..... and the sorts, who have to impress others on how learned they are. The people who makes markets, we can create a million variances on the binary decisions , that there is no such thing as normal, or "usually" . And we never become predictive to try to catch tops or bottoms.

From this behaviour , you can tell whether such is a pro, or just illusioned.
Of course , we like all have market bias, but trading is dynamic, bias can be wrong. 50 % of the time, it is.

regards

On your discription of your MO.
Why do you limit your profits potential?
The skills in trading is to try to limit your losses,never limit your profit potentials, as best you can manage. Use proper MM strategies.
  • #7,449
  • Jun 15, 2009 3:21pm Jun 15, 2009 3:21pm
Quoting fti
I guess you get the point.
The thing is that people are basically inclined to be self important , so they like to demonstrate their abilities. One is in predicting, what markets will do, where it will resist and support.

All the best traders I know, they are very nimble and intelligent that they will not impair their thinking and feel, with arbitary rystal balling.

regards
So fixed is nothing and Change is everything... when you are sure go with your Bias/Guts/Intution ...


BTW i told you long time ago but FTI i do think you are teaching more then trading here .. you are teaching life here.... thanks for sharing you wisdom... Not every worth is known by money sure if i add that u are still precious...

Capre diem...
V
  • #7,450
  • Jun 15, 2009 3:27pm Jun 15, 2009 3:27pm
Its very human nature to try to achieve a binary outcome ? The way we are schooled, the generally accepted theories of life mostly lead to lousy way of trading ?
  • #7,451
  • Jun 15, 2009 3:30pm Jun 15, 2009 3:30pm
Quoting indianguyinny24
So fixed is nothing and Change is everything... when you are sure go with your Bias/Guts/Intution ...


BTW i told you long time ago but FTI i do think you are teaching more then trading here .. you are teaching life here.... thanks for sharing you wisdom... Not every worth is known by money sure if i add that u are still precious...

Capre diem...
V
Thanks for you kind words.

Just to add,
If you think about it, alan watts was very right.
We always want to put thingsinto boxes.
But the real world isn't like that.

"When you open a box of chocolates, you never really know what you gonna get.".......forrest G
  • #7,452
  • Jun 15, 2009 3:52pm Jun 15, 2009 3:52pm
Quoting fti
On your discription of your MO.
Why do you limit your profits potential?
The skills in trading is to try to limit your losses,never limit your profit potentials, as best you can manage. Use proper MM strategies.

Thanks for this... i need to incorporate more into my trading....this is one roadblock i am facing constantly... need to get my mental side right...always worrying of tidal wave keep my position small...

BTW you know this guy... this book seemed like the way u trade...

http://www.amazon.com/Warrior-Tradin...5099094&sr=8-1


V
  • #7,453
  • Edited 4:21pm Jun 15, 2009 4:00pm | Edited 4:21pm
Quoting indianguyinny24
Thanks for this... i need to incorporate more into my trading....this is one roadblock i am facing constantly... need to get my mental side right...always worrying of tidal wave keep my position small...

BTW you know this guy... this book seemed like the way u trade...

http://www.amazon.com/Warrior-Tradin...5099094&sr=8-1


V
Like I said before, indianguyinny24, know that there are many pros and expert traders in the markets. Not everyone writes books about their skills, or talk about it in a public forum.
They just go about their days, doing what they do best.
mostly invisibly.

regards

For me I am "old", so I share a little of it, hoping to help someone,if they can understand.

PS you are always troubled, by those thoughts, cause you are not orientated to the MO yet. either you have little foreign capital yet, or you have not sufficient exposure experience and is new to the risk undertaken. Don't force it , it will come naturally to you over time. As your learning curve matures, so will your emotions and trades. Remember stay to whats comfortable to you. Don't try to keep up with jones, you are you, and they are they. And stay with the basics.
  • #7,454
  • Jun 15, 2009 4:18pm Jun 15, 2009 4:18pm
Quoting fti

For me I am "old", so I share a little of it, hoping to help someone,if they can understand.

If you Old can have this eneergy what were u when you were young...

also u altleast helped many here... add me one in that...

V
  • #7,455
  • Jun 15, 2009 4:24pm Jun 15, 2009 4:24pm
Quoting indianguyinny24
If you Old can have this eneergy what were u when you were young...

also u altleast helped many here... add me one in that...

V
burnt my candle both ends, on the fast lanes of wheeling and dealing for banks. so here I am trying to keep up with myself for myself. Keeps alive while retired.
  • #7,456
  • Jun 15, 2009 4:27pm Jun 15, 2009 4:27pm
First of all, let me say thank you to FTI for opening this thread and unselfishly sharing his wealth of knowledge and experience, and to all contributors for the very educational conversations. I have finished reading the whole thread once and about to reread it again the 2nd round. FTI, you sure have a gem in every post you share. Since reading about your MO, my trading has turned around from a consistent loser to one that no longer fears the sight of a drawdown and always fight to get the coveted prize (profit). Learned forex trading 6 months ago and had busted live accounts repeatedly. Had previous experience trading commodities futures without good result, either. I appreciate so much your training for discipline and developing correct mindset, and your caring attitude towards your readers. Good fortune to all!
  • #7,457
  • Jun 15, 2009 4:31pm Jun 15, 2009 4:31pm
Quoting jonyl_pips
First of all, let me say thank you to FTI for opening this thread and unselfishly sharing his wealth of knowledge and experience, and to all contributors for the very educational conversations. I have finished reading the whole thread once and about to reread it again the 2nd round. FTI, you sure have a gem in every post you share. Since reading about your MO, my trading has turned around from a consistent loser to one that no longer fears the sight of a drawdown and always fight to get the coveted prize (profit). Learned forex trading 6 months...
Hi jonyl_pips,
Thank You for you kind words.
Welcome to Forex.
Read carefully and think much.

Good Fortune

regards
  • #7,458
  • Edited 5:28pm Jun 15, 2009 4:59pm | Edited 5:28pm
Quoting fti
Thanks for you kind words.

Just to add,
If you think about it, alan watts was very right.
We always want to put thingsinto boxes.
But the real world isn't like that.

"When you open a box of chocolates, you never really know what you gonna get.".......forrest G
...

Hi FTI and all
"If not find any ideological conclusion, we consider it as a defeat itself. And nevertheless is ideological conclusion by surest sign, that the ours thought isn't adequate whole situation."

Regards
  • #7,459
  • Jun 15, 2009 5:09pm Jun 15, 2009 5:09pm
Quoting Gro
...

Hi FTI and all
"If not found some ideological close, take it like defeat himself. And nevertheless is ideological close by surest sign, that the ours thought isn't adequate whole situation."

Regards
Hi Gro,

Your recent paintings were nice.
How have you been lately?

regards

Just a hint: I have very much USDs, yesterday and today.
waiting for tokyo to try her dance, later.
  • #7,460
  • Jun 15, 2009 5:19pm Jun 15, 2009 5:19pm
Quoting fti
Hi Gro,

Your recent paintings were nice.
How have you been lately?

regards
sun, water, air .................... undergo medical treatment from dependencies Forex
(now seriously , I solve my arrears)

Regards
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