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Technical Analysis Fallacy

  • #10,901
  • Oct 9, 2009 9:40am Oct 9, 2009 9:40am
Quoting MaMood
Thanx for the heads up, fti!

Are you still trading spot fx or has your new business in the "regulated markets" started?

Wish you all the best!

Regards,
MaMood
Hey Mamood,

Caught that jap girl on the floor.
Try your flea stuff if you still have it.

No on another project.
This quite uphill, so working very hard.

Trade well, Back to basics.

regards
  • #10,902
  • Oct 9, 2009 9:41am Oct 9, 2009 9:41am
Quoting Fuzzyzc
I have back tested so many systems and it always changes. One year might be good one might be trash. Indicators are all a Crap Shoot. Indicators only give people something to believe in to risk money. Real traders don't predict they future the react to it. I stopped using indicators. My number are much better.
Hi,
new here? Good for you.

regards
  • #10,903
  • Oct 9, 2009 9:43am Oct 9, 2009 9:43am
Quoting 1234
I got up early today, so far so good. My bias for the EUR/USD is short at the moment as I expect profit taking for the week. I started my first attack around the 1.4750 area down to 1.4720 area and I am attacking again. Looking to finish the attack around or below 1.4700 If it does not reach, I will do a rescuse. Whatever happens I will try to be squared before the Europe/London session starts in case there is a change of direction. Regards to all and good trading for the last day of the week. Ray
Hi 1234,
Bias , most traders and dealers have. But you still gotta dance to the music.

regards
  • #10,904
  • Oct 9, 2009 9:45am Oct 9, 2009 9:45am
Quoting lilpip
ya done good so far and sounds like a plan.

my areas of extra intrest as I look at the terrain and follow the girl are.
4847
4778
4729
4644
Hey lilpip,

don't you think you have too many knots in the chain of thoughts. Dance, when you come to thoses knots you will know what to do if you're dancing.

regards
  • #10,905
  • Oct 9, 2009 9:47am Oct 9, 2009 9:47am
Quoting Fana
Hello friends. Trading isnot easy. Here is where i am trading from... But,but the rain is near... and its cold... I have netbook and in or flat isnot a net... So i trade from a park.
I like it...yeah...

But it is moredangerous to trade here in a night... still i have to shake my head if somebody is behind...in a darkness...
Good trading for everyone.
Hi,
You trade in the wierdest places.
Maybe i would like to do that too, but at the beach.
The problem is how to have 3 screens up and staying focus.

this world.

regards
  • #10,906
  • Edited 10:02am Oct 9, 2009 9:49am | Edited 10:02am
Quoting GEfx
I am looking at 4780 as the test for the euro going north or a stronger move south. IMHO
It ain't going no where GEfx, its inside day on friday.
Get a life.Go have a red nightout.

squeezing blood out of stone, careful the blood may be your own.


regards
  • #10,907
  • Oct 9, 2009 9:52am Oct 9, 2009 9:52am
Quoting fti
Hey Mamood,

Caught that jap girl on the floor.
Try your flea stuff if you still have it.

No on another project.
This quite uphill, so working very hard.

Trade well, Back to basics.

regards

Hi again,

that's exact what I'm doing now.
Trying to be a very nimble little flea ;-)

Have a nice weekend!

CU,
MaMood
  • #10,908
  • Oct 9, 2009 9:54am Oct 9, 2009 9:54am
Quoting CHFJunkie
@ fti ,

after reading how the forex market is structured. I came to question the predictive ability of the COT reports.

COT data just contains the Chicago mercantile exchange currencies future contracts positions .. and not positions by banks and big financial institutions as they are not regulated by the CFTC to report their positions to them as being spread worldwide.

what does the COT data represent to you?

Regards
Hi CHFJunkie,
exactly what it says.
Its the open interest and "time and sale" blotter of the exchange traders books.
But this is spot interbank forex , my friend, Its OTC.
if only you could look at the prices of rubber and trade tyres.

regards
  • #10,909
  • Oct 9, 2009 10:14am Oct 9, 2009 10:14am
Quoting fti
It ain't going no where GEfx, its inside day on friday.
Get a life.Go have a red nightout.

squeezing blood out of stone, careful the blood may be your own.


regards
Hi fti, I am so happy to see this sudden burst of posts from you. Hope you are well and thanks for your thoughts and words. I had a good day today, but took some skills to complete my trades after NY open. Squeezing blood indeed. If trading the forex were as easy as winning the Nobel Peace Prize (just show up, look/sound good, and you are rewarded) I would have retired by now -- LOL. Strange day that includes NASA bombing the moon, as if the two wars we are fighting now are not enough. Hope someone does not shoot back -- lol. Trade well everyone!
  • #10,910
  • Oct 9, 2009 10:19am Oct 9, 2009 10:19am
Hi Fti
Good to see your back. Thanks for the video and comments. I had a good trading day but did not notice the day candle as a inside day bar. I will take your advice and finish off now. Have a good weekend. Ray
  • #10,911
  • Oct 9, 2009 10:37am Oct 9, 2009 10:37am
Dancing la Amigos.

Inserted Video
  • #10,912
  • Edited 10:55am Oct 9, 2009 10:37am | Edited 10:55am
Quoting fti
if only you could look at the prices of rubber and trade tyres.

regards

very well said...

Fti i have quick question....may be you can enlighten us more....

Sometime ... you can clearly see her dance... you are like in flow you do nothing ..what i learned is "YOU FOLLOW HER" she will dance ... its like one of my friends she is like a girl you give her a car she will turn left then suddenly right ... you cant control her only thing you can do is just enjoy with her....

One thing i learned is be totally humble when you enter market....( i read an exercise to be humble.... for 3 weeks talk to 5 girls everyday and get there numbers and ask them to go out with you ... it really helps to kill the ego in you)...


My question so most of the enemy is in our mind... when it goes higher the LOGICAL AND ANALYTICAL mind start telling enough is up now she will go down....is that right... or its like dont enter big what if market goes downwards....fear in the mind... a para from awakening

"You learn the only thing you must truly fear is the greatest robber baron of all: FEAR itself.

You learn to step right into and through your fears because you know that whatever happens you can handle it and to give in to fear is to give away the right to live life on your own terms"

In all the main battle you need to fight is with your mind nothing more... am i right..sorry if ia m little vague...

Also one last thing... isnt we become more self-realized when we trade...


V
  • #10,913
  • Oct 9, 2009 10:55am Oct 9, 2009 10:55am
hi, FTI

I am new to post in this thread , but actually I have been studing your posts since you started this thread, and it's quite valuabe and informative.


On the above post you mentiond today is Friday and a inside day. Do you mean it by experience(observation)? IMHO, there is also some big trending Friday. Is this because lack of major news report today? I found G/U , U/J, U/CAD have a quite performance today. Looking forward to your insight... Thank you.

Regards,
Mike
  • #10,914
  • Oct 9, 2009 11:15am Oct 9, 2009 11:15am
Quoting indianguyinny24
very well said...

Fti i have quick question....may be you can enlighten us more....


In all the main battle you need to fight is with your mind nothing more... am i right..sorry if ia m little vague...

Also one last thing... isnt we become more self-realized when we trade...


V
Hi indianguyinny24,
Mostly is like that you described.
You see , markets do whatever she wants to do. If you met her with ou opionions, mostly will not suit. Even if direction of dance were the same the depth and scope would not fit.

mostly i do not fight with my mind ,as you said. why should I, just go with the flow, but the more learned you think you had become, the harder inthe arteries you will become. This is mankind's nature .

also mostly take much humility to see things as they are, than what we perceive to be.

regards

Inserted Video
  • #10,915
  • Oct 9, 2009 11:16am Oct 9, 2009 11:16am
ah my bad , misunderstood wat i read

good weekend to all , squared out
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,916
  • Oct 9, 2009 11:18am Oct 9, 2009 11:18am
Quoting Zkf
hi, FTI

I am new to post in this thread , but actually I have been studing your posts since you started this thread, and it's quite valuabe and informative.


On the above post you mentiond today is Friday and a inside day. Do you mean it by experience(observation)? IMHO, there is also some big trending Friday. Is this because lack of major news report today? I found G/U , U/J, U/CAD have a quite performance today. Looking forward to your insight... Thank you.

Regards,
Mike
Hi mike, sure took you a long time to say anything.

No , just a guess. I believe what is will stay what is, esp when time becomes finite.
I'll buy to infinity and sell to zero , if thats the dance and there was time.

regards
  • #10,917
  • Oct 9, 2009 11:32am Oct 9, 2009 11:32am
Quoting fti
Hi mike, sure took you a long time to say anything.

No , just a guess. I believe what is will stay what is, esp when time becomes finite.
I'll buy to infinity and sell to zero , if thats the dance and there was time.

regards
I see, thanks.

Btw, I have to say reading your posts always like reading poem. Why all the professional traders I encountered being so eloquent & articulated or just pure coincidence? hehe.

Have a nice weekend
Mike
  • #10,918
  • Oct 9, 2009 1:01pm Oct 9, 2009 1:01pm
Quoting fti

mostly i do not fight with my mind ,as you said. why should I, just go with the flow, but the more learned you think you had become, the harder inthe arteries you will become. This is mankind's nature .


FTi well sorry for me not understanding but what does it mean

he harder inthe arteries you will become

can you tell more..

V
  • #10,919
  • Oct 9, 2009 4:09pm Oct 9, 2009 4:09pm
Hi Friends,

have found an interesting read again. This time it is not about the market or some news, it is just a very inspirational posting about our believes .....

http://www.forexfactory.com/showpost...&postcount=142

And especially to Fana:
Do not give up on your dreams.
Believe in them and there is a good chance, that you will get there ....
It have been the people with a very strong believe in their dreams, who have changed the world.

Regards,
MaMood
  • #10,920
  • Oct 9, 2009 11:11pm Oct 9, 2009 11:11pm
Guys, I have somehthing I want to share with everyone.

I am currently reading this book called "The Disciplined Trader" by Mark Douglas.

I think you can pick up the free e-book online.. it explains trading psychology and market psychology very well.. might be beneficial.. it echoes alot of teachings presented here in this forum.. might bring most of you up to speed on what exactly what FTI is speaking about.. otherwise, theres just no way going forward.. he can't be spoon feeding everytime a new guy comes to the thread. I think what FTI is sayin abou the zero infinity thing is that..there is no point having a bias...its almost impossible trying to predict what market participants.. in FX maybe 1million people? are trying to do.. just go with the flow..... flow with the market.. stay nimble... no bias... turn longs to shorts and shorts to longs... but let the market tell you what its doing instead of trying to figure it out.. reference of the market is drawn to women because, they are unpredictable, unreasonable and erratic..I dont know, thats just my understanding... 2 pips.. so to speak...

I highly reccomend it...pretty good stuff..

regards.
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