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Technical Analysis Fallacy
- #10,502
- Sep 15, 2009 8:34am Sep 15, 2009 8:34am
- | Joined Mar 2009 | Status: Trader | 1,849 Posts
Hi Fana,
Actually I have a full time job, but I have my charts open in the background.
And also it's only been a year that I'm trading the FOREX.
I have a very small account that I trade live. Because I think that you will only sense the market in the real world not in demo. And yes I've lost money.
I stopped trading for 5 months. But I'm back live again after reading FTI's thread.
- #10,504
- Sep 15, 2009 8:48am Sep 15, 2009 8:48am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #10,506
- Sep 15, 2009 9:12am Sep 15, 2009 9:12am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #10,510
- Edited 7:04pm Sep 15, 2009 6:47pm | Edited 7:04pm
Hi All,
Thank you Maheswara for inviting me to join in the thread. B4 I dared not to ask any question in the thread coz I might ask some stupid question and most of you seem to be very experienced trader(Professional).
To experienced traders please forgive I ask some crazy or stupid questions.
Rite now I'm doing some revision up page 80. There is something I'ld like to ask from experienced Traders, the below was Fti explaination (page73 post1085) about scout so that means we have to leave scout in the market at all time while we are analyzing market, am I right? (I think demo would do but for oanda 1 -10 units should be all right).?
At the moment I'm reading about AOW there will be more questions to come & discuss(for newbie).Thanks.
How is Fti? never seen him for a while. Hope he is doing OK.
Hope you all gain good pips
Thanks,
[quote=fti;1824965]@HapaSasa
In trading, when the army is non engaged, scouts must always remain in battle field to gauge the marrkets form. By standers in a battle can hardly "feel" the emoions in the fight. If traders avoid the markets altogether, then point of reference is dependent on ego and self and predictive ways, rather than the info thats coming fom men in battle. Could be self deceiving. Alloew the market scouts to inform of form for productive use of the info for formulation of attack strategy, or be ready for defensive engagement to extradite the scouts in trouble. these should form the traders frame of MO.
Thank you Maheswara for inviting me to join in the thread. B4 I dared not to ask any question in the thread coz I might ask some stupid question and most of you seem to be very experienced trader(Professional).
To experienced traders please forgive I ask some crazy or stupid questions.
Rite now I'm doing some revision up page 80. There is something I'ld like to ask from experienced Traders, the below was Fti explaination (page73 post1085) about scout so that means we have to leave scout in the market at all time while we are analyzing market, am I right? (I think demo would do but for oanda 1 -10 units should be all right).?
At the moment I'm reading about AOW there will be more questions to come & discuss(for newbie).Thanks.
How is Fti? never seen him for a while. Hope he is doing OK.
Hope you all gain good pips
Thanks,
[quote=fti;1824965]@HapaSasa
In trading, when the army is non engaged, scouts must always remain in battle field to gauge the marrkets form. By standers in a battle can hardly "feel" the emoions in the fight. If traders avoid the markets altogether, then point of reference is dependent on ego and self and predictive ways, rather than the info thats coming fom men in battle. Could be self deceiving. Alloew the market scouts to inform of form for productive use of the info for formulation of attack strategy, or be ready for defensive engagement to extradite the scouts in trouble. these should form the traders frame of MO.
- #10,511
- Sep 15, 2009 7:13pm Sep 15, 2009 7:13pm
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
Hi All,
Thank you Maheswara inviting me to join in the thread. B4 I dared not to ask any question in the thread coz I might ask some stupid question and most of you seem to be very experienced trader(Professional).
To experienced traders please forgive I ask crazy or stupid questions.
Rite now I'm doing some revision up page 80. There is something I'ld like to ask from experienced Traders, the below was Fti explaination (page73 post1085) about scout so that means we have to leave scout in the market at all time while we are analyzing market,...
[i][color=magenta]In trading, when the army is non engaged, scouts must always remain in battle field to gauge the marrkets form. By standers in a battle can hardly "feel" the emoions in the fight. If traders avoid the markets altogether, then point of reference is dependent on ego and self and predictive ways, rather than the info thats coming fom men in battle. Could be self deceiving. Alloew the market scouts to inform of form for productive use of the info for formulation of attack strategy, or be ready for defensive engagement to extradite...
Folks here are all at various levels, there's no problem with asking questions as you go through studying and trying to internalize the thread, what gets old is those who show up for a few days wanting to take shortcuts and have everyone condense the info that's been presented without any self study.
Like everything in life you get back what you put in, you seem very sincere in your study and learning, so fire away.
The scout is there for feel and the start of your base position. You should try to leave it in and let it ride the ups and downs of the particular wave you are trading --- using it for feel, it's much more evident when you have real money on the line, your more in tune with the emotional aspect. Adding (levels of your skew) as the market starts to turn in your direction, as you feel it winding down on that particular leg of the wave, exit the add-ons leaving the scout, when the following retrace is finished and price starts to turn in your direction, repeat...
Sooner or later you will feel that the entire wave is finishing, here you would have a correcion of a couple of legs coming against you, exit out all and wait for the sequence to start over picking your place for battle.
hope it helps,
- #10,512
- Sep 15, 2009 9:03pm Sep 15, 2009 9:03pm
- | Joined Aug 2007 | Status: Senior Member | 1,798 Posts
To Live is the rarest thing in the world , Most people exist , that is all
- #10,515
- Edited 3:53am Sep 16, 2009 3:34am | Edited 3:53am
- | Joined Mar 2009 | Status: Trader | 1,849 Posts
- #10,516
- Sep 16, 2009 5:22am Sep 16, 2009 5:22am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #10,518
- Sep 16, 2009 7:37am Sep 16, 2009 7:37am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #10,520
- Sep 16, 2009 8:40am Sep 16, 2009 8:40am
- | Joined Aug 2007 | Status: Senior Member | 1,798 Posts
To Live is the rarest thing in the world , Most people exist , that is all