edit: Thinking about the "Spirals in spirals" thingy. Hope I find some time to post my understanding of it in the next days. But I have to confess, that I have not read the Tunnel through the Air book yet....
Technical Analysis Fallacy
- #14,641
- Apr 26, 2010 2:51am Apr 26, 2010 2:51am
- Joined Jan 2008 | Status: Trader | 1,043 Posts
- #14,642
- Apr 26, 2010 3:04am Apr 26, 2010 3:04am
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
- #14,643
- Apr 26, 2010 3:18am Apr 26, 2010 3:18am
- | Joined Mar 2009 | Status: Trader | 1,849 Posts
Hello and Good Morning Friends!
Sorry to hear about your bad experience Fana.
Glad that you have been able to reduce your loss by 10% then.
Finally that you made your trades public, has initiated a great disccussion.
It was very helpfull for me. So my big thanx to alll the contributors.
I myself am not trading for several weeks now. Have to do some other very high prio tasks. Hope I can restart with fulltime trading in June again. I miss it very much, to be a part of the market ....
Wish you all a great week!
Cu,
MaMood.
edit: Thinking...
You have some small "trading holiday"...
Maybe i also will have some rest. Considering to visit WashingtonDC, New York... I think that it is beneficial to make evaluation of some part of life when struggleing is very intensive....
- #14,644
- Apr 26, 2010 4:15am Apr 26, 2010 4:15am
I tried this b4 and it sucked. LOL.
I was using EWT, BUT THE MARKET DIDN'T KNOW THAT!
So it stopped me out a few times.
I know only ONE guy who's REALLY good at it. He's an NDF god in Asia @ RBS (ex-ABN).
But no one knows how he does it. and it's not the only thing he uses either.
Bro, learn the meaning of the trend is your friend.
Actually, it's your paymaster.
Don't fight your boss. Not clever.
--
I'm bearish Fiber still, but the levels arn't great. 1/2 size and managing tight.
I have a friend who is really good in EW (Prechter's EWI wanted him as analyst but he turned them down) and he is struggling with forex - his forecast on EURUSD was trashed last week when it hit a new bottom. He's also having a massive headache with USDJPY every now and then. Anyone guessing why?
- #14,645
- Edited 5:00am Apr 26, 2010 4:36am | Edited 5:00am
- Joined May 2009 | Status: Trader | 3,730 Posts
- #14,648
- Edited 7:09am Apr 26, 2010 6:00am | Edited 7:09am
- Joined May 2009 | Status: Trader | 3,730 Posts
- #14,649
- Apr 26, 2010 8:16am Apr 26, 2010 8:16am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #14,650
- Apr 26, 2010 8:35am Apr 26, 2010 8:35am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
Short euro 3338
Sonic
- #14,653
- Apr 26, 2010 8:18pm Apr 26, 2010 8:18pm
http://www.ritholtz.com/blog/2010/04...goldman-sachs/
Thought i'd lighten up the mood.
“There are lots of laws that could bring these guys down if they were, in fact, pirates,” one government source said. “But if they’re bankers, our hands are tied.”
i don't know if its true, but I find it pretty damn funny. hahaha
Thought i'd lighten up the mood.
“There are lots of laws that could bring these guys down if they were, in fact, pirates,” one government source said. “But if they’re bankers, our hands are tied.”
i don't know if its true, but I find it pretty damn funny. hahaha
One Mind, Any Market
- #14,656
- Edited 6:07am Apr 27, 2010 2:48am | Edited 6:07am
- | Joined Mar 2009 | Status: Trader | 1,849 Posts
I have found something VERY important.
It enlighted me what are spirals, how to use them.
First: Spirals are...., events exist and occures. It is not like that they dont.
When EVENTS exist, we can intersect with them.
Spirals are in everything. It is generator of progress. Like when you realize about everything : This is it... and you very clearly know that it is just right it.
This is what i am looking in trading. With it, you know a future.
This is why i have no damage from what had happened (DD), i will turn it into the benefit.
So when i am looking for the EVENT, that should happen, i will be going not STRAIT to it, but i will go along the spiral. It can be also seen in the evolution of organisms... (but i dont really need that noise from 8 legs fishes...)..
When i have some progression, it is not like that i should use it like betting or only let this scheme work in the market only averaging positions - EWT, pullbacks...
It can be used like this, but it is imho not that goal. I was thinking about why Fti told me, that accuracy is not what is so important in positions taking. I was considering that he has to have something much stronger....
How to make milions? (specially now i thing i am the right one to enlight something about trading..........)
Concrete EVENT is everything. I have to know what i want first. So i define the EVENT.
After i have defined my goal, i will identify [quote=Gro;3662776]-picture some page or twoo back with "diensions...30% talent,70%work..."
After this research i will go along the spiral to it.
Because there are important rules and sometimes is very important to get of the market very quickly, Fti had recomended not to trade, when failures of platform.
And here is my oppinion about trading using the spiral:
When scout is ok, i add next possition. When both are good, i can operate in "higher modus". When event i am seeking come, i have great profit and can continue... So i go from EVENT to EVENT, not randomly when only trade as well as i can... here i cant work with possibilities of the "BIG skew, very big skew...)..
I have to begin from the basis first and AFTER i have basis in plus area i wished(first is EVENT), i can mount up next and wait for the second EVENT, but quickly get of when it failed or EVENT from which i start is NOT EVENT any more(beggining), just because the price goes back..(or i have closed the firs position to absolutize the fires as EVENT...but i found it useless to close it, until it reacts...)
So i cant go ahead before i fulfil step one. With this i can add positions and my risk is only when something non-supposed happened. For example platform is dead...
So i can have very big skew throw this spiralling... And wait for EVENT at the top of this spiral... which is my maximall or desired big skew. (EVENTS1.2.3.4.... how big can i imagine ??? How big am i? How big do i want?)I can end in some stage of spiral because of my condition or another possibilities... or my own limits. From this point human is unlimited.
EDIT: look at when Fti was showing his live trading.... Scout and L1 were some time in... And when he had higher skews, he wrote after the session that "Actions were too fast and he couldnt write entries because of that fast..., so he add results now"... IMHO he had to found events he desired or quickly close it when it wasnt that he liked... And he wrotes that "It is crazy to lose money". Now i better understand what he means ... IMHO, he couldnt loose one cent...
God Bless
It enlighted me what are spirals, how to use them.
First: Spirals are...., events exist and occures. It is not like that they dont.
When EVENTS exist, we can intersect with them.
Spirals are in everything. It is generator of progress. Like when you realize about everything : This is it... and you very clearly know that it is just right it.
This is what i am looking in trading. With it, you know a future.
This is why i have no damage from what had happened (DD), i will turn it into the benefit.
So when i am looking for the EVENT, that should happen, i will be going not STRAIT to it, but i will go along the spiral. It can be also seen in the evolution of organisms... (but i dont really need that noise from 8 legs fishes...)..
When i have some progression, it is not like that i should use it like betting or only let this scheme work in the market only averaging positions - EWT, pullbacks...
It can be used like this, but it is imho not that goal. I was thinking about why Fti told me, that accuracy is not what is so important in positions taking. I was considering that he has to have something much stronger....
How to make milions? (specially now i thing i am the right one to enlight something about trading...
.......)Concrete EVENT is everything. I have to know what i want first. So i define the EVENT.
After i have defined my goal, i will identify [quote=Gro;3662776]-picture some page or twoo back with "diensions...30% talent,70%work..."
After this research i will go along the spiral to it.
Because there are important rules and sometimes is very important to get of the market very quickly, Fti had recomended not to trade, when failures of platform.
And here is my oppinion about trading using the spiral:
When scout is ok, i add next possition. When both are good, i can operate in "higher modus". When event i am seeking come, i have great profit and can continue... So i go from EVENT to EVENT, not randomly when only trade as well as i can... here i cant work with possibilities of the "BIG skew, very big skew...)..
I have to begin from the basis first and AFTER i have basis in plus area i wished(first is EVENT), i can mount up next and wait for the second EVENT, but quickly get of when it failed or EVENT from which i start is NOT EVENT any more(beggining), just because the price goes back..(or i have closed the firs position to absolutize the fires as EVENT...but i found it useless to close it, until it reacts...)
So i cant go ahead before i fulfil step one. With this i can add positions and my risk is only when something non-supposed happened. For example platform is dead...
So i can have very big skew throw this spiralling... And wait for EVENT at the top of this spiral... which is my maximall or desired big skew. (EVENTS1.2.3.4.... how big can i imagine ??? How big am i? How big do i want?)I can end in some stage of spiral because of my condition or another possibilities... or my own limits. From this point human is unlimited.
EDIT: look at when Fti was showing his live trading.... Scout and L1 were some time in... And when he had higher skews, he wrote after the session that "Actions were too fast and he couldnt write entries because of that fast..., so he add results now"... IMHO he had to found events he desired or quickly close it when it wasnt that he liked... And he wrotes that "It is crazy to lose money". Now i better understand what he means ... IMHO, he couldnt loose one cent...
God Bless
- #14,657
- Apr 27, 2010 3:35am Apr 27, 2010 3:35am
I was short from 3381 yest but freaked out on the 1hour engulfing hammer... only to see it dip back down to 33fig where I thought it'd go.
Daily hammer, 1hour hammer... the logical answer was quite obvious if one were short..
Strangely I didn't go "ohf***bailnownownownow" like I did previous times... those times saved my ass. Am somewhat speculating that my gut "knows".
Maybe urgency is my indicator. Am considering scaling out all but 1/4 (or whatever token sum) nx time this happens. More to minimize regret than anything else.
Nothing...
Edit: being on the subject - there's something worrying in the way EURUSD is moving down this morning. Doesn't feel right. I will stay on the sideline for now, watching the game from the bench
- #14,659
- Apr 27, 2010 4:50am Apr 27, 2010 4:50am
Happy trading day to everyone -- am short the E/$ at 1.3359 and will trade the pulses down as long as they last.
Fana, not sure what to say to you now. Perhaps something later after trading.
Trade well everyone!
Edit: square at 1.3319 and waiting for pull back for re entry possible
Good trading to you too