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Technical Analysis Fallacy

  • #13,621
  • Edited 3:28pm Feb 15, 2010 11:15am | Edited 3:28pm
Quoting fti
........
Actually I feel a little sorry, for the new comers.
Its for them like in historical testing. Ther's no time to pause, there's no brain process, there's no patience and awu training. Its very different.
Ask those who went thru the process here. Its very different.
So if this was published in book and sold , it does swat for the readers.
Only mind fart. Sorry for bad, but its the truth.
  • #13,622
  • Feb 15, 2010 11:33am Feb 15, 2010 11:33am
Quoting Baifu
Baifu, send me e-mail. [email protected]
  • #13,623
  • Feb 15, 2010 7:33pm Feb 15, 2010 7:33pm
Happy new year to master Fti, Maheswara, Lusan, Auxesis, GEfx, Mamood, Setebos, jacson101, lilpip, hcong168, 1234, Fana, Baifu, acim, robertw, MyTbo and the rest in this thread.
Hope you all have good fortune & healthy life in this new year

Gong Xi Fat Choi,

PS I havn't got time to read last 4-5 pages I'll read them this afternoon. Thanks
  • #13,624
  • Feb 15, 2010 8:16pm Feb 15, 2010 8:16pm
Happy New Year fti and may God bless you and yours.
  • #13,625
  • Edited 11:24pm Feb 15, 2010 10:03pm | Edited 11:24pm
looking for entry,watchin
e/u 3629
u/j 8989-96
g/u 5665
a/u 8901

seems we have the $ bears making money
eyes open
a/u 8927 note taken 8943
e/u3647
  • #13,626
  • Feb 16, 2010 12:12am Feb 16, 2010 12:12am
[quote=pete.alfa;3462070]Hello all seniors and of course professional traders,
Please I need some help.

I have some question in my mind quite long long time but dare not to ask.

I set my goal is average making $100/day. what the size of scout should be if I work for 8 hours at london session?. Of course I understand that each person have totally different style but I need some guide line(clue) to meet up my goal.

Thank you Auxesis,GEfx,robertw,lusan & Sebetos. That was a great discussion at least I have some clue now, thank you.
I plan to open account $5k as I can see it's not enough I'll save some money to open account about $10k so it's realistic to earn about 1% a day.
I'm not good enough to open account with $2k and making 2-5% a day, I need to gain more experience so I can do that.
by the time I'll trade on micro account practice,practice & practice and also saving to meet my goal.

Thank you,

Best regards,
  • #13,627
  • Feb 16, 2010 12:17am Feb 16, 2010 12:17am
[quote=pete.alfa;3466918]
Quoting pete.alfa
Hello all seniors and of course professional traders,
Please I need some help.

I have some question in my mind quite long long time but dare not to ask.

I set my goal is average making $100/day. what the size of scout should be if I work for 8 hours at london session?. Of course I understand that each person have totally different style but I need some guide line(clue) to meet up my goal.
Quoting pete.alfa
...

Knowledge must continually be renewed by ceaseless effort, if it is not to be lost. (A Einstein)
  • #13,628
  • Feb 16, 2010 1:25am Feb 16, 2010 1:25am
DEMO OANDA GOES AHEAD 1-2sec than real

Not still, but now it was clear...
  • #13,629
  • Feb 16, 2010 2:31am Feb 16, 2010 2:31am
Quoting Fana
DEMO OANDA GOES AHEAD 1-2sec than real

Not still, but now it was clear...
I opened the same real account in 2 computers, price comes in different speed from time to time. Technicians might explain that my 2 computer run at different speed. If that's true, one computer must be always faster than antoher. But, no, sometimes this one is faster, sometimes that one is faster.
I would explain that--- it's my computers are shading me, and they are instructed by broker's programmers.
  • #13,630
  • Feb 16, 2010 2:35am Feb 16, 2010 2:35am
Quoting imjscn
I opened the same real account in 2 computers, price comes in different speed from time to time. Technicians might explain that my 2 computer run at different speed. If that's true, one computer must be always faster than antoher. But, no, sometimes this one is faster, sometimes that one is faster.
I would explain that--- it's my computers are shading me, and they are instructed by broker's programmers.
Hi Imjscn
Yep, i didn not include this... That brokers are really smart...
  • #13,631
  • Feb 16, 2010 2:49am Feb 16, 2010 2:49am
Quoting fti
Thanks lusan,
much fireworks display, and the 1st casino opens in Sg.
should had gone there, wasting time with market.

regards
Hi guys,

I'm still around but not as active as before. New job and so less time monitoring the market. Currently, no choice but to trade on a larger TF. Just pop by to wish everyone a Happy Lunar New Year. Best of Health and Gong Hei Fatt Choy!!!

Yes, should have gone to the Casino but the queue is long and you are down by $100 even before playing. LOL!! Worse than any of the FX brokers!
  • #13,632
  • Feb 16, 2010 3:09am Feb 16, 2010 3:09am
Quoting Fana
DEMO OANDA GOES AHEAD 1-2sec than real

Not still, but now it was clear...

Hi Fana,

good observation!!!!

Used that type of "edge" to make good money at the end of last year ...
From time to time the delay between different broker price feeds offer up to 15 seconds difference. So it is like knowing the future 15 seconds before the rest of the world ....

Cu,
MaMood
  • #13,633
  • Feb 16, 2010 3:14am Feb 16, 2010 3:14am
Quoting MaMood
Hi Fana,

good observation!!!!

Used that type of "edge" to make good money at the end of last year ...
From time to time the delay between different broker price feeds offer up to 15 seconds difference. So it is like knowing the future 15 seconds before the rest of the world ....

Cu,
MaMood
Hi MaMood. Yes, the difference is there... i also solve how to use it... I have Oanda live, Oanda demo and FxPro demo, which i usually observe together and there is really X-seconds delay...
  • #13,634
  • Edited 4:44am Feb 16, 2010 4:17am | Edited 4:44am
[quote=fti;3466935]
Quoting pete.alfa
[color=Blue]


Knowledge must continually be renewed by ceaseless effort, if it is not to be lost. (A Einstein)
Thank you fti,

I'm working hard on it. Practice,practice & practice & saving to reach my goal.

I listened to evelyn glennie 'how to listen' it is fantastic.
I understand from the video - good traders must be able to feel market rhythm not only by looking & understanding the charts, they must be able feel & touch of market rhythm in their heart & soul - so they can dance very well.

Best regards,
  • #13,635
  • Edited 5:59am Feb 16, 2010 5:30am | Edited 5:59am
[quote=pete.alfa;3467670]
Quoting fti

Thank you fti,

I'm working hard on it. Practice,practice & practice & saving to reach my goal.

I listened to evelyn glennie 'how to listen' it is fantastic.
I understand from the video - good traders must be able to feel market rhythm not only by looking & understanding the charts, they must be able feel & touch of market rhythm in their heart & soul - so they can dance very well.

Best regards,
hello Pete. We are on the same boat. It is good to know, that here are people who struggle also to learn. I hope you make a progress. (i know it you do). Now i am back at pages 25...50... repeating, analyzing...
Go on friend, good luck

It is a pity that j-pax give up. One of our 2008/2009 class...

My little sight for now... Correct me when not good...
There are both, sellers and buyers. Sellers defend USD position, they re still powerfull. Buyers are in defense and they are waiting for their chance... they know that dollar is strong and have strong support from sellers, so less buyers there,... ?
  • #13,636
  • Feb 16, 2010 5:57am Feb 16, 2010 5:57am
the longer tfs (gbp) are blatantly saying up with those higher lows ,
lets if its the trend trap ...

we watched news that funds are all betting euro downfall...
it just concerns me that they are actually showing their hand ...
wat do u do , when u want to release ur positions at best possible price , u shout loudly that its going down , forcing market to go lower before cleaning out ...

hehe just my imagination ...
good trading to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,637
  • Feb 16, 2010 6:17am Feb 16, 2010 6:17am
Quoting maheswara
...

we watched news that funds are all betting euro downfall...
it just concerns me that they are actually showing their hand ...
wat do u do , when u want to release ur positions at best possible price , u shout loudly that its going down , forcing market to go lower before cleaning out ...

hehe just my imagination ...
good trading to all
I had the same feeling today when a guy commenting for bloomberg from a trading room mentioned briefly that the EUR downrun was too sharp and fast...
  • #13,638
  • Feb 16, 2010 6:23am Feb 16, 2010 6:23am
[quote=Fana;3467913]
Quoting pete.alfa

hello Pete. We are on the same boat. It is good to know, that here are people who struggle also to learn. I hope you make a progress. (i know it you do). Now i am back at pages 25...50... repeating, analyzing...
Go on friend, good luck

It is a pity that j-pax give up. One of our 2008/2009 class...
Thanks for the 'How to listen ' video, fti. I couldn't have imagined that she had hearing problems, if they hadn't mentionioned it. She is marvelous.

This inner feeling of understanding is very important ingredient for success. As I've heard or read somewhere " The samurai sword master knows what he's doing just as much as his newby students know"

Knowing that there are people who have this inner feeling(like fti for market and evelyn for music) inspires me, and I belive others here, to work and practice harder.

As I am in exam session, my trading will be postponed by some days. But when the session is over, I'll get back to improving my trading skills.

Good trading to all and many green pips

MyTbo
  • #13,639
  • Feb 16, 2010 7:09am Feb 16, 2010 7:09am
Hi!

(Sorry, but only for German readers.
Unfortunately I didn't find the translation into English.)

It is a good explanation of the current situation in Europe, but do not forget
that is the explanation of a banker:

http://www.handelsblatt.com/politik/...eissen;2529817

Rgs,

Textor
  • #13,640
  • Feb 16, 2010 11:28am Feb 16, 2010 11:28am
my eyes are open e/u 3785-88 area
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