Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

The Ultimate Fallacy in Technical Analysis 99 replies

"Technical Analysis Fallacy" thread people, I need your help 54 replies

Technical Analysis Fallacy Redux 23 replies

Statistical analysis fallacy 33 replies

Attachments: Technical Analysis Fallacy
Exit Attachments

Technical Analysis Fallacy

After some 70trades...It is funny still i think... I still dont know how to prevent big losses... ?
Attached Image
Quoting maheswara
10 years in the stock market ?
how successful are u in the stock market ?
10 yrs is quite a lot of time ...
10 years overall experience and past 2 years trading for living.
I trade SG market however the tools and products are limited for bearish market.
trading commission is very high and that makes it less appealing to trade on very shortterm basis.

I look for Forex as diversification.
Quoting incrediblefx
10 years overall experience and past 2 years trading for living.
I trade SG market however the tools and products are limited for bearish market.
trading commission is very high and that makes it less appealing to trade on very shortterm basis.

I look for Forex as diversification.
I see , u work in the industry then ? 10 yrs overall meaning ?
To Live is the rarest thing in the world , Most people exist , that is all
Quoting incrediblefx
10 years overall experience and past 2 years trading for living.
I trade SG market however the tools and products are limited for bearish market.
trading commission is very high and that makes it less appealing to trade on very shortterm basis.

I look for Forex as diversification.
Welcome to the thread... first...

and i think PIccolo explained it the best... if you put two traders from this thread and say trade... you might see them only picking one direction but where they enter how much they enter will be different..

So just take your time... long story short.. there are enough people in this thread successfull( depends what you mean by this)... to an example one time a guy posted this result 300% in a month... though not every month he does that but sometime may be more...

So yes there are successfull people...


@mahesh... you ok?????


V
Quoting Fana
After some 70trades...It is funny still i think... I still dont know how to prevent big losses... ?
1. looks like you have system with at least 50/50 winning rate which is not bad
2. you need to understand when to take a loss (no rescue)/ like when I see reversal signal I do not try to rescue I quit positions .
3. you need to find way how to attack... for me it was hardest part
4. when you have like 3-5 troops and market reverses for while i would exit as many as possible positions with small wins. So I can survive retracements for 50-60 pips
it's o'k to win ...
Quoting indianguyinny24
Welcome to the thread... first...

and i think PIccolo explained it the best... if you put two traders from this thread and say trade... you might see them only picking one direction but where they enter how much they enter will be different..

So just take your time... long story short.. there are enough people in this thread successfull( depends what you mean by this)... to an example one time a guy posted this result 300% in a month... though not every month he does that but sometime may be more...

So yes there are successfull people...


@mahesh......
lol yeah V , just been put off by the thought ppl seeking gain without hardwork ...
I hope incrediblefx is not that type ...

anyway good trading and good nite , off to square out now...
To Live is the rarest thing in the world , Most people exist , that is all
Quoting maheswara
I see , u work in the industry then ? 10 yrs overall meaning ?
Nope, i don't work directly despite I worked in IB with different role.
it was just pure longterm investment based on FA and migrating myself slowly to TA based trader.
Success is in practising and trading as much as possible. For last 3month i am not able to earn , but i dont lose. I feel that something is changing with me. I am not so emotionall when trading. And i start to see, where is my edge... Everything is somehow adapting for myself...
Got humbled today


Lost 30% equity... somehow doing big rescue from office is not a good idea...when you are in meeting...



V
market went wild for a moment there ?
volcker thing or pure illiquidity ?
To Live is the rarest thing in the world , Most people exist , that is all
i got blasted in this mayhem... hope others survived....


V
Quoting indianguyinny24
i got blasted in this mayhem... hope others survived....


V
Made some on the Euro short then............

Took a 3.5% hit on the Yen, rescue attempt fell short so I took my lump and will try to get it back later in Tokyo.
Quoting auxesis
Made some on the Euro short then............

Took a 3.5% hit on the Yen, rescue attempt fell short so I took my lump and will try to get it back later in Tokyo.
Bad day... taking break from trading...will get back after next weekend...

again market makes you humble...


V
Quoting maheswara
market went wild for a moment there ?
volcker thing or pure illiquidity ?
All is crashing.
Dow supported 10.000
Quoting Fana
Dow supported 10.000
Today maybe.

El'crapola' is hitting the fans this week, Euro crumbling, markets in a tizzy. Watch for CB intervention in it continues.
Funny though, 12 months ago this would have been a quiet day!!
{Promotion Removed}
Quoting maheswara
thats not what i meant ,
trading requires hard work and real spirit of pursuing knowledge , be it market knowledge or knowledge about ownself...
if one cant put time and effort to simple stuff like reading , there is just no way u can be succesfull when it actually comes to the things that actually matter...

if u dont love this game no way u can be in the top 5% , oh and only the top 5% makes money ...

edit:
incrediblefx : wasnt being sarcastic , was being truthful ...
First you said in reply...
Quoting maheswara
no u r wasting ur time here , go to the systems forum , wat u r looking for is there ...
Then you went on to say...
Quoting maheswara
ya if he cant finish the thread , he ll mostly wont be able to take the kick market gives in the beginning ... might as well save him the time

1.3800 gonna be highly watched level ...
I am NOT speaking for incrediblefx, its just the way you responded....
When buying a book, do you read reviews and seek opinion before buying ? Whats wrong with asking about a thread before investing precious time to study it ? You did not point out the correct direction to newbies and turn people off with authoritative comments. In fact the way you replied speaks about the percentile you are in.

Besides, hardwork, pursuit of knowledge and those "qualities" you mentioned are ingredients that applies generally for success in almost anything you do. So can a successful person from another field of work who has all the qualities you put across be successful in currency markets ? Are you sure you have the definative answer ? I am sure you are being truthful, but to what extend your truth covers ? Agreed, some people are just here to piss off fti's followers, however some students forgot the grace that was extended to them when they learned what TAF is about. While telling others to look at the systems thread, you yourself should take a look at them, how knowledge and experience is generously and patiently passed on to eager new comers. Of course, you are not obligated to do it.
Quoting aiyahmarklah
First you said in reply...

Of course, you are not obligated to do it.
yup ,
I responded badly , I apologize for that
To Live is the rarest thing in the world , Most people exist , that is all
Quoting maheswara
yup ,
I responded badly , I apologize for that
I am sure it's the crappy market that has people on edge. I have been reading the TAF and Lounge thread every day since November, Maheswara is an active member of long standing and always a perfect gentleman and I have learnt a lot from his posts. It's his daily walk that is dangerous

I am on my second read of TAF and first read of TAF lounge and have been practising FTI/AOW methods on demo since December. To newer comers I can definitely say this thread is worth every minute spent. As the senior students pointed out repeatedly, it takes lots of screen time and preactice to internalize the dance and skew.

Today's favorite quotes from my reading:

- trade the dance, not the bias
- snowball profit, not risks

regards
4 traders viewing now, 1 is a member:
dbrown101