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Technical Analysis Fallacy

  • #14,761
  • Apr 30, 2010 10:54am Apr 30, 2010 10:54am
Quoting piccolo
Close all positions and take out whatever capital you have left. Then buy a gift for your girlfriend with it.
buy beach house and ferrari and new parents from whats in account.) Sure.

regards
  • #14,762
  • Apr 30, 2010 10:57am Apr 30, 2010 10:57am
Quoting Setebos
It's a pretty congested zone, should hold the sell off fo rthe day, IMHO.
Anyone traded the all-over-the-place-mess yesterday? Was that one of those rare diamond formations or it's just my eye playing games on me?

I never thought I'd say that, but these days cable looks much more attractive to me. The world's definitely gone wild
I got this wierd feeling. The chaps in control now. Its footprints of Buba. they are specialist and well funded. Be cautious of the lull before the storm.

In a lull, keep head down, and always wear your helmet.
Many snipers around. They already made clear . key word is "stability".

Also be aware of 3 rd party interest. Panda has much vested interest.




regards
  • #14,763
  • Apr 30, 2010 5:45pm Apr 30, 2010 5:45pm
Quoting fti
I got this wierd feeling. The chaps in control now. Its footprints of Buba. they are specialist and well funded. Be cautious of the lull before the storm.

In a lull, keep head down, and always wear your helmet.
Many snipers around. They already made clear . key word is "stability".

Also be aware of 3 rd party interest. Panda has much vested interest.




regards
Agreed, e/u should have fallen much further then it has.

Regards.
  • #14,764
  • Apr 30, 2010 7:53pm Apr 30, 2010 7:53pm
Not talking about spirals here persay..

But I noticed some people said after reading Gann's book that the reason Robert was successful in speculation was because of his strong mindset and MM. I find that hard to deduce from the book because almost every call he made went his way just as he had forecasted..

Btw I'd like to have his machine . Also the US is no longer the banker to the world China is taking over that position.
  • #14,765
  • May 1, 2010 10:29am May 1, 2010 10:29am
Happy weekend everyone. I was reading some other threads on FF this weekend and just wanted to stop back here to clean up a bit. Yikes, there are some very disturbed and angry people on FF.

Fana, if you have money in your account, here is my advise to you. You know from your recent experience that you can not trade when your mental state is bad, so on those days when you do not feel up to it, DO NOT TRADE. Consider the money you do not lose from making poor decisions as money you actually made. On days when you are feeling ok, get to work, be careful, and study the market. A good attitude to bring in to every day is, "Even on my best day, I have a long way to go before I am good". Keep working.
  • #14,766
  • May 1, 2010 11:15am May 1, 2010 11:15am
I am checking into FF on a Sat....how boring can it get....

Good weekend to you too
  • #14,767
  • May 1, 2010 1:37pm May 1, 2010 1:37pm
Quoting aiyahmarklah
I am checking into FF on a Sat....how boring can it get....

Good weekend to you too
LOL -- I know how you feel!
  • #14,768
  • May 1, 2010 5:29pm May 1, 2010 5:29pm
Quoting Fana
Hello friends
I have a break from forex for some days now. Because before 3days i have become mad.
I was trading 10X more than my MM alows. End with 50%DD. I wasnt conscious and have trouble with leaving my gf. Al with trading together it was too much...Terrible, horrible...

I need some lift with this: Do you think, that after nearly 1year in forex it is normal to do such extempore? Now i have 62% DD of all invested capitall. I have lost 1500dolar in forex, it is not much, but i cant still learn myself discipline. I know how to trade, but i...
I agree with Setebos!.....the answer lies within you. Fana you know HOW to trade......Look DEEP inside yourself and find out WHY you are not following your rules. There is a reason.....you need to find it and then concentrate on changing/overcoming this internal obstacle. Doing this should be far more important to you right now than trading. You might try reading some psychological trading books. Many of us do not want to look inside ourselves for fear of what we will see. Personal change can be extremely difficult but it can be accomplished if your desire is strong enough and if you are persistent in your quest. I face this challenge every day and have made some small progress so I know it can be done. A draw down is not defeating IF you know in your heart you have the skills and confidence necessary to gain it all back.
Now get to work on getting to know your inner self!
  • #14,769
  • May 1, 2010 10:55pm May 1, 2010 10:55pm
Hi people,

ya, the understanding the self. The psychological of life. Bing fa.
But please have some empathy. What happened to fana can happen to any trader. The passing of a pet, the attritions in relationships. All these happens in life. They affect everyone, no exceptions. That is why when treasury managers detects their dealers going thru emotional stress. We take them off the battlefields. Their performance will always be impaired.
What fana went thru, shooked his whole world, may had turned it upside down. So let him have the space to get to grips with himself. Nothing we can do can help him, only time and love from people close to him can stabilise his emotional upheaval.
For me I have friends and mentors help when the shit hits the fan. Mostly i turn to God for the steady.Reading his thread(bible) again seeking for stabilising ailerons.

Let this be clear. To be successful trader, you need afford this inner stability. We can buy this with privacy. or we seek it within ourselfs. Thats why traders take vacations lazying in the beaches in middle of no-where when they can find the time. We normally seek detachment from the world, as we not want carry the world's stress and ego to the dealing room. Thats why behind every successful trader is a kind woman, otherwise success is illusion. The worst is to have a trading spouse, then the stirring is 2x.

Many traders learn from other's learning curves. Let fana's experience, be part of your learning curve. This also reason dealers ,couldn't be bothered to argue with others about trading matters. That makes them seem snobbish, but in reality ,what dealers not say , is that he not want to carry your stress karma to his trades. So now you know the people who always arguing and creating the stress karma, you know where their books at.

A little empathy, give space for healing.

regards
  • #14,770
  • May 1, 2010 11:12pm May 1, 2010 11:12pm
@ fana,

Stay off markets.
Do not trade even if you feel you are emotionally stable. No rushing. Do not force it.
First find closure. Have a big cry in private would be good. Much better if you have someone's shoulder to cry on. But then after that go out, see the world. Until you laughing and dancing again , stay off the markets ! AND I am dead serious about this.

And do not kid yourself, you need put time for the closure to happen. Don't even come back to the thread until you are smiling and happy again. Give yourself a real chance, go away to be able come back to fight, ANOTHER DAY. I suggest you put 3 months at least , before you trade again. And not forget reread the thread and realign back to the dance ."feel"

regards

But of course in the next week , if you suddenly find a new gf, then forget my suggestions.
Oh and planting potatoes, won't help much , la
Go out into the world , "let your hair down" and heal.
  • #14,771
  • May 2, 2010 12:08am May 2, 2010 12:08am
This forum found your answer in a previous post... If you are trading with FEAR, the answer always, always, always... is that you are trading with too large a lot size.

If your blood doesn't flow unless you are trading live, go back to micro lots and trade for PIPS. You can become more logical and less emotional and you can ride out a small drawdown in your trading to get back to profit with microlots.

Good Trading!
  • #14,772
  • May 3, 2010 3:34am May 3, 2010 3:34am
Quoting Fana
Now i know, that it is +/- normal(at the beginning) and that i am not hopeless... Thank you.

Boys, ...my gf..... i was doing my best... Cooking, buying, SINGING..... I was like a wolf, wolf in the door still knockig, still believing.... AAAAAAAaaaaaaaa...... But she didnt like my parents. I eat everything. But not this. Regards
Matie, I'm sorry to hear abt ur girl. It sucks and I think we've all been there @ some point in time.

Give yourself some time. The world does not revolves ONLY around markets but our lives do affect our market performance...greatly..

For the market.... stay away until you get yourself pulled together.

How I Personally Do A "Look DEEP":
What will help is a brutally honest self critique.
Why did you do what you did? What does it say about you?

Eg: What do I want from markets?
Money.
What do I want from money?
Freedom.
Why do I want freedom?
So I do not have to do stupid things that I dont want to.
So I need not be dependent on other people for income.
Provide for loved ones... etc

So here, my real underlying motivation is actually independence and aversion to annoying/stupid people and to provide for my loved ones.

I have used the same method of questioning for
"why do I hesitate sometimes when there are signals?", iterating until I can't find any more answers. This is how I sort my psych "issues" out per se.
One Mind, Any Market
  • #14,773
  • Edited 5:05am May 3, 2010 4:23am | Edited 5:05am
To all: Thank you for encouragement.

And many greetings from the Brno pubs.
  • #14,774
  • May 3, 2010 7:53pm May 3, 2010 7:53pm
Quoting Fana
To all: Thank you for encouragement.

And many greetings from the Brno pubs.
fana! what drama... girlfriends and trading etc. lol.
are you drinking alone? hopefully some random sexy long legs would take you somewhere and relieve you off that pain.

cheers
  • #14,775
  • May 3, 2010 9:08pm May 3, 2010 9:08pm
Quoting jest1081
fana! what drama... girlfriends and trading etc. lol.
are you drinking alone? hopefully some random sexy long legs would take you somewhere and relieve you off that pain.

cheers
Oh my!

Speaking of drinking, not sexy legs.. my favorite beer commercials, the Budweiser Lizards.

Inserted Video
  • #14,776
  • May 4, 2010 4:47am May 4, 2010 4:47am
Good one aux, LOL

Fana, there's other fish in the sea
Here, pick on of mine for the day
Inserted Video
  • #14,777
  • May 4, 2010 5:41am May 4, 2010 5:41am
Yeah. I am there, long pub evenings. Also today-with one nice chick, she can drink more beer than me...... evaluateing the situation... and accepting the loss. I see, that i was really totaly out, when i did the damage of my account. Good trading
  • #14,778
  • May 4, 2010 7:30am May 4, 2010 7:30am
Hi,guys

Is anyone riding south on EUR/USD. I rode the 2nd down wave for 50pips, but missed the 3rd one, now PA is deep and I don't wanna chase it. I'll be on the sidelines for now.

EUR/USD has hard time finding a support down the road today. Is because the rumour about Spain's 280 billion euros aid request or there is somthing else? Any info, guys?

Good trading to all

Regards, MyTbo
  • #14,779
  • May 4, 2010 8:13am May 4, 2010 8:13am
Quoting MyTbo
Hi,guys

Is anyone riding south on EUR/USD. I rode the 2nd down wave for 50pips, but missed the 3rd one, now PA is deep and I don't wanna chase it. I'll be on the sidelines for now.

EUR/USD has hard time finding a support down the road today. Is because the rumour about Spain's 280 billion euros aid request or there is somthing else? Any info, guys?

Good trading to all

Regards, MyTbo
Liquidity problems.
This is japanese golden week holidays.
figs in 45 mins

regards
  • #14,780
  • May 4, 2010 9:23am May 4, 2010 9:23am
There is a rumor making the rounds that Spain is about to ask for 230B Euro from the EU/IMF to handle their 2010 debt problems, and the assumption is that Potugal is not far behind. Just a rumor.

I have been posting on another thread and feel kind of dirty for doing it. I am going to just hang around here and avoid other threads, because people here are well behaved and the host here set a good example for us all.

Been watching the GBP today too and it seems to be playing catch up with the euro now.

History in the making?
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