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Technical Analysis Fallacy

  • #11,561
  • Dec 14, 2009 1:45am Dec 14, 2009 1:45am
Quoting textor
I've only heard bad experiences about DBFX.
They use th FXCM plataform.

Try IB, but not with less than $ 25000.

Rgs,

Textor
Hi Textor,
Hope eveyrthing is well on your side again.

Thanx for the info.

I made a mistake in my posting. There is missing one word:
I have NO trading experience with DBFX. I only use their datafeed, because it is really fast, reliable and the dynamice spread does offer lots of information about the actors ....

Best Regards,
MaMood
  • #11,562
  • Dec 14, 2009 2:34am Dec 14, 2009 2:34am
Quoting textor
To FANA and others:

this is an old topic and was touched many times in this
thread, but it is always worth to keep in mind, read carefully and
compare with yourself, with your usual trading behaviour:

http://www.turtletrader.com/position_sizing.pdf

Regards,

Textor
Hello Textor. Thank you. Please, i cant open the link above.... Regards
  • #11,563
  • Dec 14, 2009 3:59am Dec 14, 2009 3:59am
Hi guys in this year I finished flat. I lost all my profits which I made in first half now in second half. I failed over and over again. If I'm honest I didn't follow the FTI's approach, because the only thing I don't like is sending rescue trips (=average down), because If you use this improperly you are gonna die and I think that fact FTI always stress. Another thing is that I tried to trade fundamental disequilibrium and I still think it's the best if you can find market disequilibrium but there is a problem. Because meanwhile when market is far from sound level, fundamentals can change a lot so once this market price becomes valid, you can loose a lot of money because market continues to go against your interpretation of fundamentals. If you trade short term, there is a high risk of getting slaughtered between market orders , so its not also the low risk system. What I want to conclude is that I really got my ass kicked this year, what is very difficult for a 19 years old ambitious boy who has no money, but one good thing is that I never give up what I learned from cycling. But I'm certain that I have to learn much more about my opponent. I hope others perform well
Regards
  • #11,564
  • Dec 14, 2009 4:15am Dec 14, 2009 4:15am
Quoting mijamoto
Hi guys in this year I finished flat. I lost all my profits which I made in first half now in second half. I failed over and over again. If I'm honest I didn't follow the FTI's approach, because the only thing I don't like is sending rescue trips (=average down), because If you use this improperly you are gonna die and I think that fact FTI always stress. Another thing is that I tried to trade fundamental disequilibrium and I still think it's the best if you can find market disequilibrium but there is a problem. Because meanwhile when market is...
Hi, can you post a chart ? My perspective of what you wrote above is that you are mixing up personal opinions with what's going in the market, pretty bad recipe. Use simple TA to help you gauge market form, but don't super impose them on your charts lest you become rigid, keep it at the back and take a look when you are confused.
  • #11,565
  • Dec 14, 2009 4:58am Dec 14, 2009 4:58am
Quoting Fana
Hello Textor. Thank you. Please, i cant open the link above.... Regards
I have no problem with it. You need acrobat reader or any pdf reader.

You can download the Acrobat (free) here:

http://www.adobe.com/sk/

Rgs,

Textor
  • #11,566
  • Dec 14, 2009 4:59am Dec 14, 2009 4:59am
Quoting MaMood
Hi Textor,
Hope eveyrthing is well on your side again.

Thanx for the info.

I made a mistake in my posting. There is missing one word:
I have NO trading experience with DBFX. I only use their datafeed, because it is really fast, reliable and the dynamice spread does offer lots of information about the actors ....

Best Regards,
MaMood
Hi,

How do you get the data feed from DBFX?

Rgs,

Textor
  • #11,567
  • Dec 14, 2009 5:22am Dec 14, 2009 5:22am
Quoting mijamoto
Hi guys in this year I finished flat. I lost all my profits which I made in first half now in second half. I failed over and over again. If I'm honest I didn't follow the FTI's approach, because the only thing I don't like is sending rescue trips (=average down), because If you use this improperly you are gonna die and I think that fact FTI always stress. Another thing is that I tried to trade fundamental disequilibrium and I still think it's the best if you can find market disequilibrium but there is a problem. Because meanwhile when market is...
Hi Mijamoto. I am in very similar position... Now i work on my system, study hard and do tests and researches. I try to take informations like they will work for me. Every person-different mind. So i realized, that i have to adopt these great info, this thread provides for my own. Without this, no bussiness. And i am looking for my own scorpions... Work, work, work. Regards
  • #11,568
  • Dec 14, 2009 5:46am Dec 14, 2009 5:46am
Quoting Fana
Hi Mijamoto. I am in very similar position... Now i work on my system, study hard and do tests and researches. I try to take informations like they will work for me. Every person-different mind. So i realized, that i have to adopt these great info, this thread provides for my own. Without this, no bussiness. And i am looking for my own scorpions... Work, work, work. Regards
Fana,

Do not lock yourself into the thought process of a system, there is no system in this methodology. Historical price action is no guarantee that it will repeat. Drill that into your head.... because price did something last time when it looked like this, does not mean it will happen again.

When it does great, but its how we handle it when it does not, that governs to our ability to succeed.

fwiw,
  • #11,569
  • Dec 14, 2009 6:08am Dec 14, 2009 6:08am
Quoting auxesis
Fana,

Do not lock yourself into the thought process of a system, there is no system in this methodology. Historical price action is no guarantee that it will repeat. Drill that into your head.... because price did something last time when it looked like this, does not mean it will happen again.

When it does great, but its how we handle it when it does not, that governs to our ability to succeed.

fwiw,
Auxesis : Yes, question for me was, how to trade with using fti s teaching. I discovered after 5 month, that i try to concentrate to so lots of things, that my brain is overloaded. Mix principles, trading style, snowballs... And i did such mistakes. Example: 8000pips loss in one trade.
And this is also, why i sometimes ask some "strage" question. I have to stabilize, absorb... slowly... FTIs teaching is not possible for me to handle in couple of months...
I have to conclude that i VERY APPRECIATE every help from you and others and that i go on and continue strong learning. Regards
  • #11,570
  • Edited 11:50pm Dec 14, 2009 6:26am | Edited 11:50pm
Hi ALL,
In rememberance of my Dad.
With so much happening this month. He just pop up in my mind, so much comfort and peace. He being the 100% Fuzhou man that he is, alway the toughest man in the world and of highest charisma, no question. Unshakable like a mountain. Even till the end.
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  • #11,571
  • Dec 14, 2009 6:51am Dec 14, 2009 6:51am
Hey FTI

Great thread, I am enjoying the read.

Just a question regarding the sticky about market structure you mention below.

With respect to your quote "I had perused, and I find that although a little of the info was not detailed accurate"

Could you elaborate as to what you could add to improve the information or what is not detailed accurate?

Just seems to me you know your stuff and if you can enlighten us further it would be appreciated.

Kind regards.

A51


Quoting fti
Hi All,

A sticky thread was hightlighted to me recently.
I had perused, and I find that although a little of the info was not detailed accurate, that in essense it behoves traders to at least know this info in general.Its a birds eyeview of market structure.

here on ff is the thread by Darkstar.
http://www.forexfactory.com/showthread.php?t=7484


regards

I am off for a while from today. Good Fortune all.
  • #11,572
  • Dec 14, 2009 6:54am Dec 14, 2009 6:54am
Hi FTI,

... about brokers....
maybe you don't know IB:

http://www.interactivebrokers.com/

and I read that Saxo has a office in SG.
(although I don`t like Saxo)

I hope that help.

Rgs,

Textor
  • #11,573
  • Edited 7:37am Dec 14, 2009 7:06am | Edited 7:37am
Quoting Area51
Hey FTI

Great thread, I am enjoying the read.

Just a question regarding the sticky about market structure you mention below.

With respect to your quote "I had perused, and I find that although a little of the info was not detailed accurate"

Could you elaborate as to what you could add to improve the information or what is not detailed accurate?

[color=black][font=Verdana]Just...
Hi,
The tiers mentioned in the article is more inclined to broking tiering of spot forex interbank. The direct spot interbank tiers are differently structured. Nevertheless direct spot interbank has little relevence for retail understanding, except for the banks concerned. So generally, there is no harm done, the structure proposed , is good enough for retail players general knowledge.


regards
  • #11,574
  • Edited 7:25am Dec 14, 2009 7:10am | Edited 7:25am
Quoting textor
Hi FTI,

... about brokers....
maybe you don't know IB:

http://www.interactivebrokers.com/

and I read that Saxo has a office in SG.
(although I don`t like Saxo)

I hope that help.

Rgs,

Textor
Hi Tex,
, To me Saxo is akin to a techie experiment, trying to imitate the real stuff. Far from it, my friend, lots of hype , little delivery.) Maybe if they get more real dealers to direct them than IT dreams. Maybe one day they will meet to standards.

Just because they drive a car with a sports car design, doesn't mean its so under the hood.More over to belive that they can fly is funny, very funny. I tried go for a joy flight, as they advertised. it crashed. That was sometime back, I hope they had made amendments.

worst of all, they blamed my inexperience. What a joke. Wait till they read my credentials. These people may be too proud , to understand that they had err.

regards
  • #11,575
  • Dec 14, 2009 7:27am Dec 14, 2009 7:27am
Quoting fti
Hi Tex,
, To me Saxo is akin to a techie experiment, trying to imitate the real stuff. Far from it, my friend, lots of hype , little delivery.) Maybe if they get more real dealers to direct them than IT dreams. Maybe one day they will meet to standards.

Just because they drive a car with a sports car design, doesn't mean its so under the hood.More over to belive that they can fly is funny, very funny. I tried go for a joy flight, as they advertised. it crashed. That was sometime back, I hope they had made amendments.

worst...
Thanks.
Good to know. I never trusted Saxo, I have no experience with them, but
"by feeling" I don't like them.


Rgs,

Textor
  • #11,576
  • Edited 8:03am Dec 14, 2009 7:45am | Edited 8:03am
Hi FTI

... for spare moment


http://www.earnforex.com/mt4_forex_brokers.php?sort=2
  • #11,577
  • Dec 14, 2009 8:05am Dec 14, 2009 8:05am
Quoting fti
Hi Tex,

worst of all, they blamed my inexperience. What a joke. Wait till they read my credentials. These people may be too proud , to understand that they had err.

regards

lol,
if u show them ur cred , they wont let u open account with them lar
To Live is the rarest thing in the world , Most people exist , that is all
  • #11,578
  • Dec 14, 2009 8:09am Dec 14, 2009 8:09am
Quoting maheswara
lol,
if u show them ur cred , they wont let u open account with them lar
, you calling them cowards?, mahes

nice to see you.
More good fortune, my friend.

regards
  • #11,579
  • Dec 14, 2009 8:20am Dec 14, 2009 8:20am
ah yes a talk on brokers..
I been with OANDA demo-ing the last month or so, was with DBFX before and now just started on SAXO. OANDA's spreads are really to die for... can barely even get spreads like that in the interbank markets on the EUR/USD. OANDA seems the best of the lot for me.. but, a major concern is how they disconnect you from time to time... I am still fresh in this retail brokerage game.. can somebody with experience with OANDA enlighten me? as I am probably a whisker away from depositing some serious cash with them..

*I am referring to OANDA sg.

Anybody?

PS: Great to hear from you FTI. Glad all is well.
  • #11,580
  • Dec 14, 2009 8:23am Dec 14, 2009 8:23am
Happy trading day to everyone. Glad to see some chatter on the thread today. Markets seem kind of quiet today so maybe the Holiday slowdown is underway. I will be the optimist today and will baby sit my charts for a few more hours. Good trading everyone.
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