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Technical Analysis Fallacy

  • #9,801
  • Aug 20, 2009 10:21am Aug 20, 2009 10:21am
Quoting j-pax
hello mamood,

i've installed the brocompany mt4 and chose " brocotrader" now i see there are very litle symbols in the list and i am wondering how you get dow gold oil and i hope treasury quotes on this platform??

i hope you can help me out,

pax
Hi j-pax,

you'll find all the symbols under file/NewChart. Please check out the group called Charts.
Dow = YM_CONT
CrudeOil = QM_CONT
Do not know the Symbols for Gold and Tresuries because I do not use them - sorry ...

edit: Aaah - the trick is as follows. You have to open the MArketWatch window. Right click and chose "Show all". After that you will find much more symbols in the list .....
  • #9,802
  • Aug 20, 2009 10:25am Aug 20, 2009 10:25am
Quoting MaMood
Hi j-pax,

you'll find all the symbols under file/NewChart. Please check out the group called Charts.
Dow = YM_CONT
CrudeOil = QM_CONT
Do not know the Symbols for Gold and Tresuries because I do not use them - sorry ...
very weird,

in the chart group i only have FDAX_cont and GE_cont. i think i will uninstall and install again... i will let you know, thanks

EDIT: i'll try this
even with my eyes open i cannot see everything
  • #9,803
  • Aug 20, 2009 10:26am Aug 20, 2009 10:26am
Quoting j-pax
very weird,

in the chart group i only have FDAX_cont and GE_cont. i think i will uninstall and install again... i will let you know, thanks
Noooo - you do not need to reinstall.
I have edited my post above - please read first!
  • #9,804
  • Aug 20, 2009 10:39am Aug 20, 2009 10:39am
Quoting ukmanthailan
I've just been looking at people's profiles and their friends / vouchers etcetera and realised I'm about as popular as a pork pie at a bar mitzvah in this little virtual community here - even compared to some who have only recently joined in. I'm not quite sure why as I always tried to be polite.

Anyway, please accept my apologies for being so slow to catch on and making unwanted posts on here for so long. I finally got the message and I won't intrude any longer.
Hope you do not leave. Not sure why you place much significance on the voucher thing, but really think you should rethink your decision to leave. The goal here is to trade the forex and make some money. Only when you can take a voucher to the bank and cash it in does it have value. Until then my friend, let's get back to making trades. Why don't you tell us what you traded today?
  • #9,805
  • Aug 20, 2009 10:40am Aug 20, 2009 10:40am
Quoting gdb
Thanks MaMood

It is the same platform as I have been live trading -its a spread betting platform in the uk with a pretty basic charting set up (which luckily seems ideal for the fti method).

I am not sure if spread betting is only particular to the uk as any profits are tax free (if you make any) - which makes it attractive - and its also simple to use - as you specify the amount you are prepared to risk per pip movement. (Apologies as I am sure you & the other traders know all about this anyway).

Unfortunately the spread betting account...
Hi again,
if you are interested in a Broker with a very fast Datafeed then try Alpari MT4 (www.alpari.co.uk). They also have widening spreads in high volatilty markets.

If your are interested in a more slow MT4 platform, then you could use MiG for example. It is my preferred broker for my live trades. The spread is almost constant. Have not seen a widening spread for month (www.migfx.ch).

By the way: I do not know much about spread betting. So thanx for your explanations ;-)
  • #9,806
  • Aug 20, 2009 10:47am Aug 20, 2009 10:47am
Quoting MaMood
Noooo - you do not need to reinstall.
I have edited my post above - please read first!
yes i saw it and did what you said and also restarted my computer but stil only a couple of stocks and dax in the marketwatch window.

i don't know what is wrong.... i just uninstall and stay with MB trading and their horible Navigator.

thanks anyway
even with my eyes open i cannot see everything
  • #9,807
  • Aug 20, 2009 10:49am Aug 20, 2009 10:49am
Quoting ukmanthailan
I've just been looking at people's profiles and their friends / vouchers etcetera and realised I'm about as popular as a pork pie at a bar mitzvah in this little virtual community here - even compared to some who have only recently joined in. I'm not quite sure why as I always tried to be polite.

Anyway, please accept my apologies for being so slow to catch on and making unwanted posts on here for so long. I finally got the message and I won't intrude any longer.
Hi ukmanthailan,

Hey case of the blues, my friend?

Just wanted you to know I am still watching your posts to keep track of your development.
Don't let the vouches and stuff get to you.As you are still learning to get your feet on solid grounding, thats why not many vouches yet, and you are new to trading.
The truth of it all is that those vouches shouldn't mean very much , not to me at least.
Whats really important is that you must be determined , read and reread , test yourself and find your niche. The important thing is to be profitable and make a life as a trading ace for a comfortable living. Which should afford you to be kind to life.

I hope you will focus on the important tasks of your quest, As you develop you will get your due gratification by your contributions to community and self. If you didn't noticed , you are member and part of this community of traders already.

regards.
  • #9,808
  • Aug 20, 2009 11:02am Aug 20, 2009 11:02am
Quoting j-pax
yes i saw it and did what you said and also restarted my computer but stil only a couple of stocks and dax in the marketwatch window.

i don't know what is wrong.... i just uninstall and stay with MB trading and their horible Navigator.

thanks anyway
I'm sorry to hear that.
Very strange.

For the case you have it not removed yet.
If you do a right click on the Market Watch Window [CTRL M] and chose Symbols, do you see a list like that?
Attached Image
  • #9,809
  • Aug 20, 2009 11:04am Aug 20, 2009 11:04am
Market letargic , due to lost for direction.

Toms figs may bring new life to the ladies.
For now rest and music for me.

Goodnite all.

regards
Inserted Video
  • #9,810
  • Aug 20, 2009 11:07am Aug 20, 2009 11:07am
Quoting fti
Market letargic , due to lost for direction.

Toms figs may bring new life to the ladies.
For now rest and music for me.

Goodnite all.

regards
http://www.youtube.com/watch?v=WXCEaeqZDnA&fmt=18
Sleep well, fti!

CU
  • #9,811
  • Aug 20, 2009 11:07am Aug 20, 2009 11:07am
aye my scorpion bit me today will work on them
  • #9,812
  • Aug 20, 2009 11:10am Aug 20, 2009 11:10am
Quoting MaMood
Hi again,
if you are interested in a Broker with a very fast Datafeed then try Alpari MT4 (www.alpari.co.uk). They also have widening spreads in high volatilty markets.

If your are interested in a more slow MT4 platform, then you could use MiG for example. It is my preferred broker for my live trades. The spread is almost constant. Have not seen a widening spread for month (www.migfx.ch).

By the way: I do not know much about spread betting. So thanx for your explanations...
Thanks MaMood
I will check these out..

The spread betting seems to be gaining in popularity over here.
Probably due to the simplicity of no contracts as such..
And the charting, price action and technical indicators are just the same as normal - so there are many people, of course, selling the above holy grails..
However as you can specify £1 min - to I think in some markets £150 per pip movement..(for each order entered)
Any account can vanish quite quickly in exactly the same way as in any other market..

Thanks again for your advice

Off back to AOW and the dancing practises - no live trades using fti's method for me just yet - much to learn still..
  • #9,813
  • Aug 20, 2009 11:11am Aug 20, 2009 11:11am
Quoting MaMood
Sleep well, fti!

CU
Thank you MaMood, you as well,
Hope you caught some pips , today's markets.
I captured less than a cart full, however , I take what she's willing to give.

cu tom
goodnite

regards
  • #9,814
  • Aug 20, 2009 11:14am Aug 20, 2009 11:14am
Quoting gdb
Thanks MaMood
I will check these out..

The spread betting seems to be gaining in popularity over here.
Probably due to the simplicity of no contracts as such..
And the charting, price action and technical indicators are just the same as normal - so there are many people, of course, selling the above holy grails..
However as you can specify £1 min - to I think in some markets £150 per pip movement..(for each order entered)
Any account can vanish quite quickly in exactly the same way as in any other market..

Thanks again for your advice...
learn slowly and think deeply.
You will get there. focus and determination shall be your guide. And many here can help you.

regards
  • #9,815
  • Aug 20, 2009 11:16am Aug 20, 2009 11:16am
Quoting maheswara
If London is still the largest, y do we find NY to have more volatility ...
at least past one month...
Hi Maheswara,

I think the main reason is not the increasing trading volume during NY session. But all the financial and economical news out of the largest economy are the driving force for volatility ....
  • #9,816
  • Aug 20, 2009 11:22am Aug 20, 2009 11:22am
Quoting MaMood
I'm sorry to hear that.
Very strange.

For the case you have it not removed yet.
If you do a right click on the Market Watch Window [CTRL M] and chose Symbols, do you see a list like that?
yes!!! i right-clicked and chose "show all" mamood ...great

@ukmanthailan. there are many guys like me just hanging around this thread not contributing and sometimes asking something. i consider you as a contributor and part of this thread.

greetings, pax
even with my eyes open i cannot see everything
  • #9,817
  • Aug 20, 2009 12:17pm Aug 20, 2009 12:17pm
Quoting fti
learn slowly and think deeply.
You will get there. focus and determination shall be your guide. And many here can help you.

regards

Thank you fti..

I definitely need all of the above.

And it is great to see that people from different cultures, time zones, ages and experiences are prepared to share knowledge and help each other..
  • #9,818
  • Aug 20, 2009 12:33pm Aug 20, 2009 12:33pm
Quoting MaMood


But regarding that vouche thingy:
At least I do not know much about your trading.
It would be great if you could give me/us some more details about your trades.
But I'll show some good will and break the ban ....
hello mamood and everyone. i sometimes read peoples trades like scout in .4234... level two attack at .4232..... etc. i don't realy get a picture in my mind.. probably it's clear for the trained eye.

i would share some of my good and bad dances and would like to see some to learn. i mean charts.... i think i am not the only one.
i was wondering why nobody has opened a naked dance charts thread. it would not be nice if TAF-thread was cluttered with charts

i could do this but it may be better if a veteran would like this idea and start some sharing charts, with trades on them....
even with my eyes open i cannot see everything
  • #9,819
  • Aug 20, 2009 1:05pm Aug 20, 2009 1:05pm
Quoting j-pax
hello mamood and everyone. i sometimes read peoples trades like scout in .4234... level two attack at .4232..... etc. i don't realy get a picture in my mind.. probably it's clear for the trained eye.

i would share some of my good and bad dances and would like to see some to learn. i mean charts.... i think i am not the only one.
i was wondering why nobody has opened a naked dance charts thread. it would not be nice if TAF-thread was cluttered with charts

i could do this but it may be better if a veteran would like this idea and start some sharing...
Hmmmh - to publish the trades/dances is not as useful as it may sound on the first glance. The problem is, that you have to check all 3 kgds (and maybe some more charts like Dow etc) at the given times to get a picture of the market and it's PA.

The text based trade representation is caused, because most posted trades are published nearly in real time, to give the viewers the chance to feel the market at the same time. It is not possible to do the same with charts and get not distracted too much.

And there is a third aspect why charts are not too useful:
It is very different to study charts in retrospect compared to the live developing candles, Patterns and PA. A candle is always a kind of compressed summary of the PA. You will never be able to have an idea of the underlying momentum, when the charts are evolving. . You will never have an idea how often the price was going up and down, before the candle was closed.

Hmmmh - my very personal view on your request is, that I'm not able to deliver the required charts without high efforts. And I think they are not that useful. Sorry!

But I'm curious about other opinions.
  • #9,820
  • Aug 20, 2009 2:03pm Aug 20, 2009 2:03pm
Quoting MaMood
Hmmmh - to publish the trades/dances is not as useful as it may sound on the first glance. The problem is, that you have to check all 3 kgds (and maybe some more charts like Dow etc) at the given times to get a picture of the market and it's PA.

The text based trade representation is caused, because most posted trades are published nearly in real time, to give the viewers the chance to feel the market at the same time. It is not possible to do the same with charts and get not distracted too much.

And there is a third aspect why charts are not...
i understand and respect your opinion and it would be undoable to post all charts thoughts and feelings... it's just my curiousity about the posts about big wins large losses and heroic rescues.

when i look at only my trading-chart with historical trades i don't know why i took the trades... but i can see i added to a losing trade and rescued from the top of the range... if it broken out i would be in big trouble and it would be a good warning/reminder to all to show a chart like that. also i wanted to take scout out and put another in..... my damn scorpions. i should not be looking at FF.

other opinions??
even with my eyes open i cannot see everything
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