Technical Analysis Fallacy

lol , Im used to this London volatility drop now , dunno why but Im really happy at getting used to it , I was stuck at the idea London should have the highest volitility , and when it doesnt , I get really worked up
too funny watching myself gettin all tensed from my rigidity...
its all fine now

good trade to all

edited

Hi fji'
And I had been on the wagon for many years in so fra as liquor is concerned. But thanks for your observations. Does it show?

Well this's the first time I've ever met in FF -post more songs than forex discussion.
2nd most of the thread said follow market flow or trend but this thread dancing with market even Genaral send armys by dancing waltz to rescuse.
3rd the way you communicate in this thread:- AOW, some poets, answering to every person all questions with a very humble manner & many more.... it shows that you real leader with soft mind of romantic person very hard to find. Well I don't mean to try to make you happy but it's you and you know it. Most of all - women love this type of person you know what they said in thier mind? 'Wow this guy is very interesting,charming & romantic and I gonna get you'. like a song's lyrlic sorry I cant remember who sang this song 'I gonna get you.... I gonna get you .....I gonna make you to love me.... yes I will ....yes I will'.
Sorry ladies & gentlemen I'm off the topic. But I think everyone agree with me rite? Anyone agree with me Hand up please!!!!!!

I post much of LiJun's song as I listen to lots of them, mainly because she was my friend , when she was touring Malaysia,Singapore and Indonesia in the late 70s. She was 4 years my senior, and she used to ride my scrabbler to the Port Dickson Beach, her favourite hide out then.

Well how luxury you were to have a chance to entertain her during her spare time but we can only listen to her songs when you can spare them to us.

Now back to my understanding ot this thread.
My trading stop for temperary to concentrate on your thread.
Few year back I never heard of PA only TA consume my time( I might said shit! whatta hell you're talking about lol). I trade CFD but I changed to Forex lost some money(not much). Then concentrated on TA but never got good results until I heard PPl talked about PA then started to learn about PA my results improved - 65% winning rate but SL killed all profit.
To what I think about trading after few years experience:-
1. TA works say ma's crosses work 65% most of the time but SL & emotion Kill us.
2. you can see some action during price is at S/R & trend coz I think many ppl look at them or may be big boy don't bother them at? or only retail.This one of my question
Then I was thinking how to tackle SL problem coz it ate all my profit until I recently found this thread.

This thread the best one I've ever met coz real big guy is teaching us & now you're still with this thread to guide us & most of all many of your students still with you then this thread must be something good.
Brokers are more advantage than us they see our prices,all pending oreders SL & TS then they can play around their figures to take SL & TS as you can see after big news prices are going crazy they know our pending order SL & TS, well let say the news is good news definitely the price going up - so they dump prices to level that they can eat most our pending order SL & TS coz (of coz under the regulation) they have that big money and it's our money then they buy at low price and sell us at high price they do this within few seconds or maybe 30 secs. That I understand may be I was wrong you dont have to answer if you dont want to.
But what we have advantage to broker ( I learned from this thread). Market is moving in waves not stright line so we can use that opportunity to use that to be our advantage coz broker cant stop market to move in waves. let say we entered long but the prices are agianst us then we have to wait until the wave goes to our direction then we start to rescuse our trade, broker cant stop us to do that but they only can freeze platform or reqoute. then we have to practice & practice how to rescuse our trade. That's I understand so far after finish 200 pages I'll make a plan how to attack & rescuse. Sorry for so long wind - loso (singp're slang I think) I like to express myself so you can have an idea of my level of understanding.
one more thing I'm going to start live after finish my planning but will be micro lot (my scout is 0.001 lot) coz I think demo is not going work anymore coz this time round it's going to be blood sweat & tears on rescuse operation I need to be hand on to practice & know how to handle stress, pressure & timing. Even lose money but I'll learn from experience
Best regards & good health,

pete

Hey , nice to hear you found your head.
See, relax, put some time between it and the tension will all go away.
You bounced back quite fast.

Always trade with a smile, its more effective.

Good Fortune
regards

Hi all, I am done for the week...going for a beer to relief this week's stress.

Today only made enough to pay for drinks later.

Enjoy your weekend dear fti and all......

Hi masheswara,

Thanks for info oanda is very good name for newbie but margin is 50% hard to calculate 100% is good 10% too low. I dont know marketiva.

Thanks,
Pete

mashes, welcome back to normal
Recent market is naughty, Daily can't stretch out. I guess most of us feel a little bit ab normal

Hi pete,

Thanks again, for your compliments.Its a nice thought, but I have no women tripping all over me lately. Lest Karen, gets worried again, I have been a good boy.

In few a few words,the comment is that generally you got the analytics correct. Probably with your CFD trading experience its easy for you to understand.

Don't worry about brokers out to get you ,too much. At the unmarketable sizes (marketable even at bank retail is 250,000 USD a pop, interbank is 2 million USD) you are bound to be disadvantaged a little. Just don't get scamed. There are some real retail brokers out there that are busting they butts for your business. You just gotta find them out where you are.

Your perspective is PA, TA are somewhat agreeable, and I believe, based on your personal experiences.

I do not know if you had covered these subject in your reading of the thread. The Analysis portion will differ from one to another due to differences in experience, training and personal attributes.
The SunZi Bing Fa subset in mindset conditioning is of paramount importance because it shapes your Mode of thinking and your reflex abilities in running battles in the markets.

Also study the money management component well , that your mobilising of funds for market attempts are prudent and also allowing your the flexibility of manuvering and strategies.

Before you get on live trading , I would advise you to do some serious demo to feel the real impact of your MO in good and bad market scenarios. This is because you can easily be disorientated if you are not familiar to it. Also that changing from one level to another level of size exposures will have a mental effect on the trader. So a little conditioning would surve you well to at least get a general feel in the different market modes.

Lastly , if you feel ready, you should start from the smallest you can trade, and build. As I believe that if any trader cannot start small and build, the same will mostly not esp when big.

regards

Hi everyone, just stopping by quickly to see who is trading, and hope you are all in this current move. I am long the E/y and short the $/CAD. Go go go! Need to get back to focus on this move.

Edit: Have squared the $/CAD with small profit, and have taken off 1/2 the position on the E/J with nice profit. Letting the rest run with small protection now. Feel like I am just scalping but that is ok.

Hi fti,

Thanks for very quick response.

Thanks again, for your compliments.Its a nice thought, but I have no women tripping all over me lately. Lest Karen, gets worried again, I have been a good boy.

sorry I'm just kidding normally a guy more than 50 they do settle they become good boy. it's the same too me. we just heehee haha that's all, we only care for the family you are even better than me devoting totally your time for your family and kids( except trading ) as you said in previous post. Me still enjoy go out with my old mates drinking and talking rubbish about old time at school. well they are my good friends.

In few a few words,the comment is that generally you got the analytics correct. Probably with your CFD trading experience its easy for you to understand.

I traded CFD fews ago but I've done fx paper trade about 1 1/2 year mostly EURUSD.

I do not know if you had covered these subject in your reading of the thread. The Analysis portion will differ from one to another due to differences in experience, training and personal attributes.
The SunZi Bing Fa subset in mindset conditioning is of paramount importance because it shapes your Mode of thinking and your reflex abilities in running battles in the markets.

Also study the money management component well , that your mobilising of funds for market attempts are prudent and also allowing your the flexibility of manuvering and strategies.

Before you get on live trading , I would advise you to do some serious demo to feel the real impact of your MO in good and bad market scenarios. This is because you can easily be disorientated if you are not familiar to it. Also that changing from one level to another level of size exposures will have a mental effect on the trader. So a little conditioning would surve you well to at least get a general feel in the different market modes.

Lastly , if you feel ready, you should start from the smallest you can trade, and build. As I believe that if any trader cannot start small and build, the same will mostly not esp when big.
thanks for your concernment dont worry I won't start big if not I won't bother to do papaer trade for 1 1/2 year very boring. I did say to myself if I cant make + in paper trade how am I going to make profit for real? Noway.

Now I read up to page 135, after finish page 200 I will have a quick revise coz I am making a note which page & post have to reread.
So for now I'll follow instruction:-
1.read AOW B4 go to bed at least a page every day.
2.study MO & MM
3.try demo first to have a feel of pressure and tension for diferrent market condition for MO & MM . After more confidence then I start to trade live with very very small money. Then see how it goes I won't start big but I'll slowly build up confidence for bigger lot size coz different lot sizes total different game due to stress & pressure.
You might not hear me for a while coz Im going to concentrate on my study if I have question I'll ask.

Thanks,

Pete.

thank you for the words sir,

done for the week ,
good night , good trade
good weekend to all



ps:
@pete
dont use too high a leverage when starting out ... but again it depends on ones risk appetite... good fortune ...

Have a nice weekend every one.

regards

Thanks for your work and everyone elses, just trying to catch up on my reading with what I missed this week.
You have a good one also.

One thing Ive noticed the last week and a half is that the normal rotations in price that we have had around ny close and half way through asian session for the last 9 months are not there.
Which translates best be with the trend and have mm ready 140-160 pips for e/u if not.

take care

MaMood, nothing going on with our lounge for a couple weeks, did I miss something ?

Happy Friday to everyone. I hope everyone is safe at home after a week of battling in the forex. The thread was pretty quiet this week. I enjoyed fti's music posts, but the trading discussion seemed thin. Maybe traders were taking time off this week. Hope you all have a good weekend.

fti, I had a question for you that has been on my mind for some time now. In the US, there is much talk about the federal government establishing controls on pay for bankers. If you were suddenly compelled to cut pay for your good people, what would you do? It seems to me that if the big banks are unable to pay their good people competitive wages/bonuses, then the bank will be harmed when these people leave for greener pastures; the bank will be hurt when its earnings are reduced because they no longer have the people to do the job; or the bank will simply locate its trading business to a country where these silly laws do not exist. Has anyone been in touch with you to start up a new office in your city? LOL

You can fool all the people some of the time, and some of the people all the time, and fool enough traders to sell EAs to make a profit.

I believe there is a false assumption: "good people" work for banks. If there were "good" people working for banks would the US economy be on the brink of disaster?

If you assumption were correct then those "good" people could always find employment.

Dude. Wtf? Are you lost?

Lost? I am lost by your question. Perhaps my humor was lost. I was quoting from the first page of this thread. I amended my original post.

No one here selling EA my friend. Not sure of the point you are making, or is this just a random thought that you wanted to share? Re: good people at banks, there are many good traders and good people in banks across the world, and this thread was started by one of the best.