I think I brought that one on.
Technical Analysis Fallacy
- #16,802
- Jun 21, 2010 6:55am Jun 21, 2010 6:55am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
I wouldn't feel too bad about it. He has been posting on another thread today and his attitude remains the same over there. While I agree with Zoran, there are times when an angry and hateful attitude must be addressed. I wish nubcake would find something or someplace to turn it around. I don't think this is the place, however. Back to trading and focus.
GEfx,in some ways , i felt he tried.
But then the scorpion , emerged again when tested.
However , if he tries enough times , oneday , he would find the control. Unloess it destroys him first.
In life, no cigars for failing.
Which bring the next point. Practise and practise, under safe controlled conditions can mold the trader. But then life is still like a box of chocolates. We don't know what we are getting next. We are as good as our last trade.
regards
- #16,804
- Jun 21, 2010 6:58am Jun 21, 2010 6:58am
Fti, I'm really happy you are around. Since you showed back the thread has gone in the right direction, which is trading not mystic stuff. Thanks for the info about options.
Fti, sir, your words about market structure have helped me greatly to understand how dealers ( market makers) view the market. This combined with a lot of screen time and thinking has changed my perceprion of the market. Now I can feel the market and anticipate it's next move, sometimes I even pick bottoms and tops with good accuracy( I don't overexpose when I do it, I just try to get the best price for the scout) I don't know how to thank you, chief.
@Setebos
Thanks for the book recommendation. The interview with
Bill Lipschutz made me realize that 50-200 pips moves can be just stop sweeps. Maybe thats why fti told me that it is foolish to constrain the rescue in 50pisp range. Setebos do you see in the last chart I posted how what I mentioned in my e-mail works in the market. It doesn't work all the time as you can see the sell order in the bottom of the chart
Regards, MyTbo
Fti, sir, your words about market structure have helped me greatly to understand how dealers ( market makers) view the market. This combined with a lot of screen time and thinking has changed my perceprion of the market. Now I can feel the market and anticipate it's next move, sometimes I even pick bottoms and tops with good accuracy( I don't overexpose when I do it, I just try to get the best price for the scout) I don't know how to thank you, chief.
@Setebos
Thanks for the book recommendation. The interview with
Bill Lipschutz made me realize that 50-200 pips moves can be just stop sweeps. Maybe thats why fti told me that it is foolish to constrain the rescue in 50pisp range. Setebos do you see in the last chart I posted how what I mentioned in my e-mail works in the market. It doesn't work all the time as you can see the sell order in the bottom of the chart
Regards, MyTbo
- #16,805
- Jun 21, 2010 7:06am Jun 21, 2010 7:06am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Fti, I'm really happy you are around. Since you showed back...
MyTbo,Keep building on what works.
dump aside what doesn't, to be revisted when appropriate.
you keep building on the experience and whats working, eventually you will be there. probably look back you'll be wondering how it happened.
The mind, its a very powerful tool.
regards
- #16,806
- Edited 7:33am Jun 21, 2010 7:09am | Edited 7:33am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #16,819
- Jun 21, 2010 12:10pm Jun 21, 2010 12:10pm
...
@Setebos
Thanks for the book recommendation. The interview with [font=Verdana][size=1][font=Verdana][size=1]
[size=2]Bill Lipschutz made me realize that 50-200 pips moves can be just stop sweeps. Maybe thats why fti told me that it is foolish to constrain the rescue in 50pisp range. Setebos do you see in the last chart I posted how what I mentioned in my e-mail...
glad you found it helpful
The next one from the book is also brilliant - have a look at it when you have a spare 10 minutes.I'm afraid lately I don't have the time to follow the discussion here closely. I remember from your email that you basically inverted the common SL-TP practice and it worked great. Careful not to mention that in some "systems" thread, LOL
Anyway, I'm glad you're in a winning streak now - master what works for you, stay with the basics and you'll do great
Gotta go now, will try to come by later on.
Regards
S
- #16,820
- Edited 3:37pm Jun 21, 2010 12:33pm | Edited 3:37pm
- | Joined Jul 2007 | Status: Trader | 2,994 Posts
Found this zen stories for all the newbie who come and try to get something in a week or day...
A trading student went to his teacher and said earnestly, "I am devoted to studying your TAF SYSTEM. How long will it take me to LEARN it."
The teacher (FTI ) reply was casual, "Two years."
Impatiently, the student answered, "But I want to master it faster than that. I will work very hard. I will practice everyday, ten or more hours a day if I have to. How long will it take then?"
The teacher (FTI ) thought for a moment,
"4 years."
V
A trading student went to his teacher and said earnestly, "I am devoted to studying your TAF SYSTEM. How long will it take me to LEARN it."
The teacher (FTI
) reply was casual, "Two years."Impatiently, the student answered, "But I want to master it faster than that. I will work very hard. I will practice everyday, ten or more hours a day if I have to. How long will it take then?"
The teacher (FTI
) thought for a moment,"4 years."
V