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Technical Analysis Fallacy

  • #17,581
  • Jul 27, 2010 1:39pm Jul 27, 2010 1:39pm
Quoting mahavir
Hi Paul,

Same thing happened to me earlier, but do not loose the confidence.

After 3 years I'm able to make money now.

ALthough whatever I make in whole month, I loose on last day of trading.

But still something remains balance. Hence It's ok.

Experience Matters.
ty i feel my psychology is backwards i like taking profits ,but dont like taking losses gonna need to work on that.
making green pips large and red pips small this is my goal.
  • #17,582
  • Jul 27, 2010 3:53pm Jul 27, 2010 3:53pm
Music?

Are those clouds moving?

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  • #17,583
  • Jul 27, 2010 4:24pm Jul 27, 2010 4:24pm
Quoting Setebos
Edit:
Here's a little bit of what I like to listen to while trading

http://www.youtube.com/watch?v=g3Mg_...feature=avmsc2
hi Setebos,

great to hear you trade fulltime now....thanks for the clip... i realy enjoyed this bristol sound and still do... massive attack, tricky, postishead etc. ...great.

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a litlle less downbeat.....

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kind greets, pax
even with my eyes open i cannot see everything
  • #17,584
  • Jul 27, 2010 10:20pm Jul 27, 2010 10:20pm
sorry, I meant tedious because I've been reading the whole night (I guess that's my problem). Anyways, trying to get fti's ideas down would be much facilitated if this thread stuck to the core ideas rather than the conversations. Sure, they give flow to the thread but I like things to be short and simple. For that reason I was wondering if there is a summary of this thread, or a list of important posts (because the important ones shouldn't be lost in this giant thread which is very important as I want to grasp the main concepts).
  • #17,585
  • Jul 28, 2010 12:53am Jul 28, 2010 12:53am
guys, I just caught the wrong bus @ NY session. Euro drop like a rock like there's no tomorrow. I knew there was news coming but I just seem to be senile lately... When I checked the news result, I know I was on the wrong side of the trade but I didn't bail out. I was doing recues on 1HR TF because momentum was too fast that it has a high % of giving false retracements . Ended up with a nice profit though but that's not my point...

Am I starting to be a scorpion or just too foolish to give up? I think I'm getting overconfident doing this... any advice guys?
  • #17,586
  • Jul 28, 2010 12:55am Jul 28, 2010 12:55am
Im healthy n fine , thank you to those asking

those who dance were thought to be fools by those who were unable to hear the music
To Live is the rarest thing in the world , Most people exist , that is all
  • #17,587
  • Jul 28, 2010 1:21am Jul 28, 2010 1:21am
Quoting maheswara
Im healthy n fine , thank you to those asking

those who dance were thought to be fools by those who were unable to hear the music
Nice and welcome back!

It's confidence boosting when worries a good student has dropped out is proven ungrounded.



rgs,
Baifu
  • #17,588
  • Jul 28, 2010 1:23am Jul 28, 2010 1:23am
Quoting maheswara
Im healthy n fine , thank you to those asking

those who dance were thought to be fools by those who were unable to hear the music
Hello Maheswara. Nice to see you here again.
  • #17,589
  • Jul 28, 2010 2:21am Jul 28, 2010 2:21am
Quoting maheswara
Im healthy n fine , thank you to those asking

those who dance were thought to be fools by those who were unable to hear the music
Hi maheswara

Welcom back!

regards
  • #17,590
  • Jul 28, 2010 3:01am Jul 28, 2010 3:01am
speedy... maybe turning sentiment to short(not daily...)... heh...
  • #17,591
  • Jul 28, 2010 3:46am Jul 28, 2010 3:46am
Quoting Fana
speedy... maybe turning sentiment to short(not daily...)... heh...
... the market will tell you!
  • #17,592
  • Jul 28, 2010 5:37am Jul 28, 2010 5:37am
Quoting Gro
... the market will tell you!
Reverse paterns at our service.... ...golden eyes...
Like buying melons... What is inside?
Lets see, how my short melones play...
  • #17,593
  • Jul 28, 2010 6:25am Jul 28, 2010 6:25am
Quoting j-pax
hi Setebos,

great to hear you trade fulltime now....thanks for the clip... i realy enjoyed this bristol sound and still do... massive attack, tricky, postishead etc. ...great.

http://www.youtube.com/watch?v=FUWhR...eature=related
http://www.youtube.com/watch?v=yF-Gv...eature=related

a litlle less downbeat.....

http://www.youtube.com/watch?v=nXK60prBI_w

kind greets, pax
Hey Pax, that's great, thanks for the links, I love triphop Lamb is another British band that bring a good feeling while trading - have some really great stuff.

@maheswara - hey mahes, it's great to have you back, glad to hear all is good on your side. Don't listen to them, you know the statistics in this business - loosing is never an easy money to digest, especially for those with ego problems Anyway, hope you'll decide to come by more often now


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  • #17,594
  • Jul 28, 2010 6:26am Jul 28, 2010 6:26am
Hello all
does anyone use a broker with a dom style interface for forex i want to try mbtrading demo and thinking of using ninja trader for there dom anyone have any thoughts or experience on this or can recommend a broker that uses dom interface thanks .
Been trying this with e-toro but they have fixed stop loss and minimum lots of 10,000 units. If i go live it would be with £1,000
To make my soldiers small enough for attacks an defence i think i would need a micro account of 1000 unit lots am i correct ?
thanks.
making green pips large and red pips small this is my goal.
  • #17,595
  • Jul 28, 2010 7:09am Jul 28, 2010 7:09am
Quoting maheswara
Im healthy n fine , thank you to those asking

those who dance were thought to be fools by those who were unable to hear the music
Glad to hear that everything is OK. Good trading and all the best. Ray
  • #17,596
  • Jul 28, 2010 7:39am Jul 28, 2010 7:39am
Weird reaction to bad Core durable goods data. This fish is smelly, keep it tight and stay safe. Good trading.
  • #17,597
  • Edited 8:00am Jul 28, 2010 7:45am | Edited 8:00am
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  • #17,598
  • Jul 28, 2010 12:07pm Jul 28, 2010 12:07pm
If you have time to read:

http://www.olsenblog.com/wp-content/..._Trade_5.2.pdf

Rgs,

Textor
  • #17,599
  • Jul 28, 2010 1:54pm Jul 28, 2010 1:54pm
Ok got ninja trader working its perfect for this averaging down. As soon as price moves against me an consolidates.I despach quickly more soldiers. On the dom it clearing shows my reaverage lvl so for speedy reaction w8 till in profit and close.the one click dom makes this a lot simpler. Am gonna practice this properly now wish me luck ty
making green pips large and red pips small this is my goal.
  • #17,600
  • Jul 28, 2010 2:36pm Jul 28, 2010 2:36pm
Quoting paul1
Ok got ninja trader working its perfect for this averaging down. As soon as price moves against me an consolidates.I despach quickly more soldiers. On the dom it clearing shows my reaverage lvl so for speedy reaction w8 till in profit and close.the one click dom makes this a lot simpler. Am gonna practice this properly now wish me luck ty
Hi Paul1. Let me say something to your current view...
-This is not system but methodology presented in this thread. That is not possible to make system or mechanics from it. When you try it, it is no longer Fti's concept. (when dancing with even real girl, you cant be replaced by computer...:-))
-Averaging positions is very powerfull veapon, but when used uncorectly or when in untrained hands... it can lead to catastrophe...

It is very important to read first 200 pages of the thread, without it you wont be "in picture". Regards.
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