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Technical Analysis Fallacy

  • #10,921
  • Oct 10, 2009 3:55am Oct 10, 2009 3:55am
Quoting 012
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...
Thanks 012,
I've just downloaded
  • #10,922
  • Oct 10, 2009 4:33am Oct 10, 2009 4:33am
Quoting pete.alfa
Thanks 012,
I've just downloaded
i ve read the book some time ago and it's realy good. i want to add to people who do not want to read another book..... just read only chapter 15 about the psychology of price-movement. it was recommended earlier in this thread and it's the only part of the book i;ve rereaded a couple of times.

good weekend everyone, pax
even with my eyes open i cannot see everything
  • #10,923
  • Oct 10, 2009 9:11am Oct 10, 2009 9:11am
Quoting MaMood
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
Nice post, MaMood. Be careful when talking to the "experts" around here. Remember, amateurs built the ark, professionals built the Titanic.
  • #10,924
  • Oct 10, 2009 10:57am Oct 10, 2009 10:57am
eidos and idea is much important than tech. that is different you can tell the people from others which comes from the personality and culture . tech is just like tape of carpenter a small part of all project, the idea will determing your faill or not. of course idea will derivate your trade manner.
  • #10,925
  • Oct 10, 2009 5:24pm Oct 10, 2009 5:24pm
Quoting MaMood
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
Enjoyed that read, I can relate.
When I began my endeaver into the market my first thoughts were, there's a way and I must learn to become fluent as I move in and out with it.
Its been a constant self examination everymorning as I take 10-20 minutes each morning to specifically review my mindset, emotion and response to the previous days market movement.
  • #10,926
  • Oct 10, 2009 5:41pm Oct 10, 2009 5:41pm
Quoting fti
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
I have to agree, to many knots.
It is my struggle to balance the dance with the war, I pay more attention to landmarks in the terrain reviewed beforehand than the dance thats taking place.
However, friday I did put on my dance shoes, reduced risk, relaxed had fun as I did an ants work back and to.
  • #10,927
  • Oct 11, 2009 11:54am Oct 11, 2009 11:54am
Quoting fti
for a little time, have to focus on an uphill task.
Missed all of you here.
I will surely drop by whenever I can.
What are you up to these days fti? Anything interesting?
  • #10,928
  • Oct 11, 2009 12:08pm Oct 11, 2009 12:08pm
i used to do it back when i worked over at cft futures.
  • #10,929
  • Edited Oct 12, 2009 12:32am Oct 11, 2009 3:48pm | Edited Oct 12, 2009 12:32am
Quoting MaMood
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
MaMood
Thank you. I wish to every persons on the world have a chance to meet people like FTI, like YOU, Maheswara, Auxesis, like someone who knows,who CAN, who WIN... One day i wish i will be able to do this also and help others...
  • #10,930
  • Oct 11, 2009 4:40pm Oct 11, 2009 4:40pm
Quoting fti
for a little time, have to focus on an uphill task.
Missed all of you here.
I will surely drop by whenever I can.

It looks like the usd bears are charging back,the last I looked. Also possibly ranging, be nimble as always. Bias is bias, but dance you must.

For the usj, you had heard from MaMoods posting. Its at the tail end of Fujii patience soon. talk about LONG swords.

regards

http://www.youtube.com/watch?v=ejzynSKdNDs&fmt=18
I wanted to add to your post but I didnt get a chance,
the youtube video you posted of Jesus was appreciated.
The healing the blind, deaf, raising the dead, showing control over the elements such as the storm while on the boat and the sacrificing of his perfect life for mankind who inherited sin and imperfection from their 1st parents.
As Jesus said he did nothing of his own initiative but he did the will of his father in heaven.
He certainly showed the Jewish religious leaders that the early christian congregation had his fathers blessing and backing as he recieved holy spirit and used it as he established the christian congregation.
Also,it shows what he is capable of when he tells us to pray for his kingdom to come and that his will be done on earth as it is done in heaven.

Psalm 37:11 Meek or righteous will inherit earth.

2 Peter 3:7 Those ruining the earth destroyed.

Revelation 21:1-4 Perfection lost in the garden of eden restored.
With the sea of ungodly mankind removed Jesus now can fulfill his commission on a worldwide scale, not just a brief demonstration of his healing abilituy that he showed in 3 and a half years of his ministry.

The video showed the powerful impact his ability had on certain individuals.
Imagine the impact it will have on a world wide scale.
The resurrection of righteous and unrighteous, as all our family members brought back to life.
No more eye glasses, hearing aids, ailments, mankind will use a 100% of their mind living endlessly without aging.
Not to mention the taming of wildlife, natural elements and its forces.

I look forward to those and many other blessings he and his kingdom brings.
  • #10,931
  • Oct 12, 2009 12:08pm Oct 12, 2009 12:08pm
Happy trading day to everyone, and happy columbus day to everyone in the US and happy thanksgiving to everyone in canada. Was a good trading day today and hope you all got a few pips. Had to get up early for London to get it done but that is ok, too.

lilpip, very much liked your last post. Well done my friend,

fti, hope to see you back more often this week.

Good trading to everyone. I think NY is over (at least for me) and will be back for Tokyo.
  • #10,932
  • Oct 12, 2009 4:15pm Oct 12, 2009 4:15pm
today the dutch DSB bank collapsed, a real bank-run in holland. this bank does not have any structural impact. but psychology plays a big role, so i am extra carefull today.
even with my eyes open i cannot see everything
  • #10,933
  • Oct 13, 2009 3:03am Oct 13, 2009 3:03am
Morning chaps

I couldn't trade yesterday but today seems like a good day as well. Feel like EUR and GBP are getting ready to head south so I'm preparing two small squads to taste the water.
Anyone else lurking around ?
  • #10,934
  • Edited 3:52am Oct 13, 2009 3:38am | Edited 3:52am
Quoting Setebos
Morning chaps

I couldn't trade yesterday but today seems like a good day as well. Feel like EUR and GBP are getting ready to head south so I'm preparing two small squads to taste the water.
Anyone else lurking around ?
south?
I dont know bout gbp but euro is currently bull ... and I dont see any clear or strong selling sign yet ...
but please not be warned on my view, market doesnt care about my view , and neither should you ...

half an hour to euro zew news , btw I currently have the opinion Aussie has the strongest currency around , with them raising rate , shows that they are confident on their economic state ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,935
  • Oct 13, 2009 4:01am Oct 13, 2009 4:01am
Point taken there - do not trade before finishing your morning coffee
Good thing I waited for the news to pass.

Aussie...haven't looked at that for a while.

The euro went crazy with the news, it's gonna wipe a lot of newbie stops...
  • #10,936
  • Oct 13, 2009 4:40am Oct 13, 2009 4:40am
Hi Guys,

At the moment I shorted EU scalping +17pips I guess it's in correction mode but it also can bite me back any time. Pls correct me if I'm wrong.
Economy is very strong in Australia but they borrowed a lot of money from IMF for this crisis so there would be correction but also it depends on china becoz china buy coal,iron & gas etc... from Australia.

Regards
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  • #10,937
  • Oct 13, 2009 6:49am Oct 13, 2009 6:49am
Happy trading day to everyone. Hope you are all trading well. Looks like dollar bear is alive and well. I see from several posts that some of you are dollar bulls. Not sure how you come to that conclusion and am concerned that you are not seeing the market correctly. Good luck to you and good trading to everyone today.
  • #10,938
  • Oct 13, 2009 7:39am Oct 13, 2009 7:39am
Quoting maheswara
south?
I dont know bout gbp but euro is currently bull ... and I dont see any clear or strong selling sign yet ...
but please not be warned on my view, market doesnt care about my view , and neither should you ...

half an hour to euro zew news , btw I currently have the opinion Aussie has the strongest currency around , with them raising rate , shows that they are confident on their economic state ...
Hi maheswara,

You are great, now euro is up to 48700 from 47700. I think I dont put my view anymore it might confuse anyone and market doesnt care anyone view.

regards,
  • #10,939
  • Oct 13, 2009 8:25am Oct 13, 2009 8:25am
Quoting pete.alfa
Hi maheswara,

You are great, now euro is up to 48700 from 47700. I think I dont put my view anymore it might confuse anyone and market doesnt care anyone view.

regards,
nothing like that pete sir,

the point is we r in an uptrend ( a strong one that too) , and there hasnt been any good selling that might reverse it yet ... so y sell ... unless u really know wat u are doing then dont fight the trend ...
I didnt expect it to reach 70 , I thought 50/60 was the top ... and I didnt catch the whole move , mostly out at 30/40s ... only scout left at 38... lets see wat dow brings, 10000 is nearing I suppose ...

anyway im a bit happy London is providing all the volatility I needed ... I dont have to stay late just to make ends meet

good trading to u and good fortune
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,940
  • Oct 13, 2009 8:52am Oct 13, 2009 8:52am
Happy trading day everyone,

The run up on the euro left these levels untested, imho, euro bulls will mount an attempt from these areas, if they fail to make new high, watch out.

Like wize Pete, when the euro broke north out of your flag, the following south failed to make new low, that should scream danger when attempting short off the broken resistance line. actually the play would have been to long the broken flag north on the retrace.

fwiw,
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