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Technical Analysis Fallacy

  • #7,881
  • Jun 22, 2009 5:35pm Jun 22, 2009 5:35pm
Chief,

I guess must be slow for you.. so thought to ask my question...

yesterday i did trading and i again made .2%..... my max bandwidth to trade is asia session next day i ahve office full time job....

I guess either i limit my daily loss to 1% or increase my earnings...

Recent 5% loss will take 25 days to recover... its making me confused...

I dont want to take a decision in haste but but but.... i guess way you trade is chaos but from top chaos is of highest order of orderance...

This is just making me think thats all.... i couldnt come up from solution i asked you...

And just to throw some numbers... lets say that a trader has 1000$ to trade ...5% will be 50$ limit ... and lets say minimum scout size can be .10$ or 10 cents... for number sake what is the optimum scout size u recomend..

adding another factor like max loss we expect is 150 pips...

so if you can answer because i am really fighting with this...

V
  • #7,882
  • Jun 22, 2009 5:57pm Jun 22, 2009 5:57pm
Quoting fti
Hi GEfx,
You survived the minefields.
The thing is that we are at the apex of a triangle on the horly and the short chart is sitting on the triple support.
Tokyo's play seems critical. If what I am expecting comes, London may be too late to get into the flow of things. BUT thats alot of ifs.
All I can say is that Tokyo seems to have much to ponder, and I would be ibclined to believe, the paper orders, will be in the market. If you do have the energies, Tokyo may be very interesting today.

regards
OK, you have talked me in to sitting up with my charts for a while tonight. I agree that something is up and this may really move soon. May I offer you a fresh cup of coffee?
  • #7,883
  • Jun 22, 2009 6:15pm Jun 22, 2009 6:15pm
Quoting GEfx
OK, you have talked me in to sitting up with my charts for a while tonight. I agree that something is up and this may really move soon. May I offer you a fresh cup of coffee?
Please to your own energies. I am just thinking aloud.

Thanks 4 morning coffee.

chew on this, for morning prayer before market.
Awesome God.
Inserted Video


@indianguyinny,
moment, typing respond......err will respond later in battle mode, sorry.
  • #7,884
  • Jun 22, 2009 6:32pm Jun 22, 2009 6:32pm
first impulse tokyo usd bull.
battleplans unchanged.
Scouts still in field
initiating 1st attack
watch levels.
scouts deep in the money.

Dance her.
  • #7,885
  • Jun 22, 2009 6:33pm Jun 22, 2009 6:33pm
Quoting fti
first impulse tokyo usd bull.
battleplans unchanged.
Ole!
the bulls are coming!
Empty as water and soft as a facing wind mountain
  • #7,886
  • Jun 22, 2009 6:42pm Jun 22, 2009 6:42pm
Quoting luSan
Ole!
the bulls are coming!
still up? ! Lusan, good stamina.
  • #7,887
  • Jun 22, 2009 6:50pm Jun 22, 2009 6:50pm
bounced off 35 again.
for the 6th time, 1st for today.
  • #7,888
  • Jun 22, 2009 6:54pm Jun 22, 2009 6:54pm
Quoting fti
still up? ! Lusan, good stamina.
Kidding me?
I am so in love with forex that I am up several times every night to check what my lady is doing!

Hey...
I plan to put a laptop by my bed to save me a trip to my office.
Empty as water and soft as a facing wind mountain
  • #7,889
  • Jun 22, 2009 7:03pm Jun 22, 2009 7:03pm
Quoting luSan
Kidding me?
I am so in love with forex that I am up several times every night to check what my lady is doing!

Hey...
I plan to put a laptop by my bed to save me a trip to my office.
make sure you're not trading in your dreams.
By the way , can you tell which is real and which is dream?
  • #7,890
  • Jun 22, 2009 7:04pm Jun 22, 2009 7:04pm
Hey fti, in the E/Y at 135.51.
  • #7,891
  • Jun 22, 2009 7:06pm Jun 22, 2009 7:06pm
Good Morning, fti and all

eurjpy is making big down swing. I guess we'll need to wait usdjpy find its ground and go sleep, then, eurusd can take eurjpy continue the down trip
  • #7,892
  • Jun 22, 2009 7:06pm Jun 22, 2009 7:06pm
Quoting GEfx
Hey fti, in the E/Y at 135.51.
Which planet are you in? What does in mean? ie long or short?
  • #7,893
  • Jun 22, 2009 7:11pm Jun 22, 2009 7:11pm
Quoting fti
make sure you're not trading in your dreams.
By the way , can you tell which is real and which is dream?
Who knows?
Maybe this is also a dream.


"¿Qué es la vida?
Una ilusion,
una sombra,
una ficcion."

Don Pedro Calderón de la Barca
Empty as water and soft as a facing wind mountain
  • #7,894
  • Jun 22, 2009 7:13pm Jun 22, 2009 7:13pm
Quoting imjscn
Good Morning, fti and all

eurjpy is making big down swing. I guess we'll need to wait usdjpy find its ground and go sleep, then, eurusd can take eurjpy continue the down trip
seems good perspective. For me I'll stay with the major spots. When crosses tear, it can get a little hairy.

regards
  • #7,895
  • Jun 22, 2009 7:27pm Jun 22, 2009 7:27pm
Quoting luSan
Who knows?
Maybe this is also a dream.


"¿Qué es la vida?
Una ilusion,
una sombra,
una ficcion."

Don Pedro Calderón de la Barca
hey Lusan,
Whats with the casablanca stuff?
reality vs fiction?
but life's a dream isn't it?
  • #7,896
  • Jun 22, 2009 7:28pm Jun 22, 2009 7:28pm
I load up all the kingdoms eveyday. Sometimes they explains why this or that move, who is the mover. But many times they chop my mind. Maybe I'll need to clean a bit my radar screen.
  • #7,897
  • Jun 22, 2009 7:30pm Jun 22, 2009 7:30pm
Quoting fti
hey Lusan,
Whats with the casablanca stuff?
reality vs fiction?
but life's a dream isn't it?
Life is illusions that God created for us.
  • #7,898
  • Jun 22, 2009 7:31pm Jun 22, 2009 7:31pm
Quoting imjscn
I load up all the kingdoms eveyday. Sometimes they explains why this or that move, who is the mover. But many times they chop my mind. Maybe I'll need to clean a bit my radar screen.
yeap, too much historical perspective can throw one off he horse sometimes or get over confident.
when you think you know, screws up the "feel"
  • #7,899
  • Jun 22, 2009 7:35pm Jun 22, 2009 7:35pm
Quoting imjscn
Life is illusions that God created for us.
Oh, my friend, make no mistake.
God created you, gave you free will.
You create your life, so you actually create your own illusions.
God watches and enjoy watching you deal with your own creation and what those around you creates for you. No?
  • #7,900
  • Jun 22, 2009 7:45pm Jun 22, 2009 7:45pm
Quoting fti
Oh, my friend, make no mistake.
God created you, gave you free will.
You create your life, so you actually create your own illusions.
God watches and enjoy watching you deal with your own creation and what those around you creates for you. No?
Sorry, I'm a bit blue... last weekend we had a classmate reunion and I got to know that one of our classmate committed suicide--She was so young so cute. After some talks about her, we continue enjoying the party. That gave me an illusion that nothing has happened after the first 7 days that God finished his creation.
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