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Technical Analysis Fallacy

  • #19,421
  • Sep 28, 2010 5:38am Sep 28, 2010 5:38am
Hey Niels,
I thought you have some fast fingers, but managing that many pairs at your style of trading, WOW, you should apply for a Guinness record - "Fastest fingers on the planet"

Best
S

Quoting MaMood
Hi again,

was busy to manage my positions.
I'm trying to get used to handle more than one pair.
Hope my lady USDJPY will not become jealous :-)

But it takes a lot more concentration than with only one pair.
So I have much less time for posting in here ...
Was trading EU short, EJ short, UJ flat, Cable long around the news ...

Tough times.

What ever you do out there - stay nimble!!!

CU,
MaMood
  • #19,422
  • Sep 28, 2010 6:21am Sep 28, 2010 6:21am
Quoting Setebos
Hey Niels,
I thought you have some fast fingers, but managing that many pairs at your style of trading, WOW, you should apply for a Guinness record - "Fastest fingers on the planet"

Best
S
Hi Stan,

no - trading several pairs simultanously has made my MO a little more slow.
PowerDance has changed from av. <1 minute per trade to may be 10 minutes....

But not sure if this is my cup of tea.
Have to gather some more experiences over the next few weeks.

Have you made anything positive out of the little "flash Crash" in Gold this morning?


Cu,
MaMood
  • #19,423
  • Sep 28, 2010 6:31am Sep 28, 2010 6:31am
Quoting MaMood
Hi Stan,

no - trading several pairs simultanously has made my MO a little more slow.
PowerDance has changes from av. 1 minute per trade to may be 10 minutes....

But not sure if this is my cup of tea.
Have to gather some more experiences over the next few weeks.

Have you made anything positive out of the little "flash Crash" in Gold this morning?


Cu,
MaMood
Nope, had to step off the desk for a few minutes - by the time I was back it was all over. It's a good sign though, some descent volatility.

Going on a higher time frame intraday usually means reducing size - it's a different numbers play. Especially when markets are ranging. Your favorite lady however is heavy on the offer again, I'm guessing you've killed it this morning
  • #19,424
  • Sep 28, 2010 6:35am Sep 28, 2010 6:35am
Quoting Setebos
Nope, had to step off the desk for a few minutes - by the time I was back it was all over. It's a good sign though, some descent volatility.

Going on a higher time frame intraday usually means reducing size - it's a different numbers play. Especially when markets are ranging. Your favorite lady however is heavy on the offer again, I'm guessing you've killed it this morning

I see.
To be honest: My lady was not willing to dance with me this morning.
Was dancing with EU,EJ and Cable.

BTW: Running cable down from the test of 15900 area now with heavy load.
But to be also honest: Dancing with several ladies at the same time has presented me some losses as well. It's not so easy and needs lot of screen hours, top have all the required charts in focus ...

However - to do so is the next step in my trading carreer ;-)
  • #19,425
  • Sep 28, 2010 7:00am Sep 28, 2010 7:00am
Quoting MaMood
I see.
To be honest: My lady was not willing to dance with me this morning.
Was dancing with EU,EJ and Cable.

BTW: Running cable down from the test of 15900 area now with heavy load.
But to be also honest: Dancing with several ladies at the same time has presented me some losses as well. It's not so easy and needs lot of screen hours, top have all the required charts in focus ...

However - to do so is the next step in my trading carreer ;-)
3 Kingdoms, 4 Sovereigns, U/J E/U G/U, base is the Dollar..... doesn't matter how you build your butterfly, use different pairs if you like as long as they are inter related. You don't have to trade all at the same time, just go with the flow between the 3, one will be stronger or weaker than the others, in relation to the direction of the base . Use that to your advantage in the ebb and flow.

regards,
  • #19,426
  • Sep 28, 2010 7:09am Sep 28, 2010 7:09am
Quoting auxesis
3 Kingdoms, 4 Sovereigns, U/J E/U G/U, base is the Dollar..... doesn't matter how you build your butterfly, use different pairs if you like as long as their inter related. You don't have to trade all at the same time, just go with the flow between the 3, one will be stronger than the others. Use that to your advantage in the ebb and flow.

regards,

Hi Aux,
glad to see you!

That is the right remark at the right time.
Have nearly forgotten about the basic rules/ideas of fti'S teachings about 3kgds.
Thank you very much!

How are things going on your side?
Hope everything is fine.
  • #19,427
  • Sep 28, 2010 7:11am Sep 28, 2010 7:11am
Quoting Gro
... and at different times? ... and cooperation? :nerd:
Maybe I wrote it wrong ... and pair cooperation ... but it is important to keep different time inputs ("nothing bad to eternity" "not no tree grows to the sky")

"cycle in cycle"
Attached Image
  • #19,428
  • Sep 28, 2010 7:15am Sep 28, 2010 7:15am
Quoting MaMood
Hi Aux,
glad to see you!

That is the right remark at the right time.
Have nearly forgotten about the basic rules/ideas of fti'S teachings about 3kgds.
Thank you very much!

How are things going on your side?
Hope everything is fine.
Niels,

All is great, thanks for asking.

Have been very busy lately. Looks like you're doing well! Be careful when tweaking your trading, specially if what your doing is working

Take care,
  • #19,429
  • Sep 28, 2010 7:25am Sep 28, 2010 7:25am
Quoting MaMood
I see.
To be honest: My lady was not willing to dance with me this morning.
Was dancing with EU,EJ and Cable.

BTW: Running cable down from the test of 15900 area now with heavy load.
But to be also honest: Dancing with several ladies at the same time has presented me some losses as well. It's not so easy and needs lot of screen hours, top have all the required charts in focus ...

However - to do so is the next step in my trading carreer ;-)
I manage few instruments only on the longer TFs. For my intraday dogfights I rarely spread the exposure to more then 1 as it usually leads to bad results for me. But that's just me. Please share some experience when you manage to master multi-market power dancing - it sounds like a great thing to achieve (even a bit superhuman) - especially keeping track on all of them simultaneously.
  • #19,430
  • Sep 28, 2010 7:53am Sep 28, 2010 7:53am
"g" and "e" 1hour "expand triangle"

PS I think "new strategy" is a good test for demo
  • #19,431
  • Sep 28, 2010 8:55am Sep 28, 2010 8:55am
Quoting auxesis
3 Kingdoms, 4 Sovereigns, U/J E/U G/U, base is the Dollar..... doesn't matter how you build your butterfly, use different pairs if you like as long as they are inter related. You don't have to trade all at the same time, just go with the flow between the 3, one will be stronger or weaker than the others, in relation to the direction of the base . Use that to your advantage in the ebb and flow.

regards,
Basics - thank you
Well, that will be the person who reminds ...
  • #19,432
  • Sep 28, 2010 10:23am Sep 28, 2010 10:23am
Is it normal to FEEL ABSOLUETLY NOTHING...when you hit a big loss like 6% of ur equity???



V
  • #19,433
  • Sep 28, 2010 10:26am Sep 28, 2010 10:26am
Quoting gart
Basics - thank you
Well, that will be the person who reminds ...
"Hunter and wild pigs" for myself use vice versa.
FTI hypothetical scenario and relationship "transfer packages" (fed<>cb<> marketmaker<>client) "determines" the time interval ... etc.
  • #19,434
  • Sep 28, 2010 10:52am Sep 28, 2010 10:52am
Quoting indianguyinny24
Is it normal to FEEL ABSOLUETLY NOTHING...when you hit a big loss like 6% of ur equity???



V
You know it repair this ...
  • #19,435
  • Sep 28, 2010 11:08am Sep 28, 2010 11:08am
Quoting Gro
You know it repair this ...
Gro,

Sorry but i didnt get it....

V
  • #19,436
  • Sep 28, 2010 11:35am Sep 28, 2010 11:35am
Quoting indianguyinny24
Is it normal to FEEL ABSOLUETLY NOTHING...when you hit a big loss like 6% of ur equity???



V
NO.
  • #19,437
  • Sep 28, 2010 12:06pm Sep 28, 2010 12:06pm
Quoting indianguyinny24
Gro,

Sorry but i didnt get it....

V
You hope to correct errors (-6%), therefore "FEEL ABSOLUETLY NOTHING"
  • #19,438
  • Edited 1:06pm Sep 28, 2010 12:41pm | Edited 1:06pm
Quoting Gro
"Hunter and wild pigs" for myself use vice versa.
FTI hypothetical scenario and relationship "transfer packages" (fed<>bc<> marketmaker<>client) "determines" the time interval ... etc.
Thx Gro,

FTI said: "After after 3 years since I unveiled it for you , it seems that many still connot understand this point. Sometimes people gets so into the woods that they cannot see the forest. 3 years ago, I said that it is important that you understand the structure of the OTC markets. And in the aow training I hinted that you must know "the enemy' and "the terrain" in which you battled. The point still..."


OK. elephants (fed<>bc) are fighting - stand aside
marketmaker<>client - we have a chance...
hmm...if I understand correctly...

whether it is just that the fed / bc performs certain movements
(pushing up / lower exchange rates)
and mm take advantage of this when the market has less liquidity?


Today was a very fast dance and it had to be very agile - E/U G/U...
For some, this gave the big profits and big losses for some...
  • #19,439
  • Sep 28, 2010 1:02pm Sep 28, 2010 1:02pm
Wow - I missed this show completely.
Very strong moves - and UJ below 84 level.

Maybe the following asian session will have some fireworks again.
But I don't think so ...
Unfortunately my schedule of tommorrow does not allow to stay this night awake in my trading room.

Thanx to Auxesis' comment regarding 3 kgds it comes to my mind again, that I'm still a bloody rookie in fti's modus operandi. But I'm working on it. And I would be happy to know, that there some TAF friends outthere, that try to follow his teachings "relatively" close. Are you out there?

Have to fix some technical issues with my battle stations now.
So I wish you a pleasant night!

CU,
MaMood
  • #19,440
  • Edited 2:40pm Sep 28, 2010 2:08pm | Edited 2:40pm
Quoting gart
Thx Gro,

FTI said: "[size=2][color=#000000]After after 3 years since I unveiled it for you , it seems that many still connot understand this point....
... yes great understanding but I thought this part:
"Then under teir 1 banks will be tier 2 banks, and tier 3 banks, they function as the lines of distribution. If as in the eg above, alarge corp comes selling dlr and the CB dealers do not intervene, then the tier 1 banks will start selling the dollar down to tier 2 banks in smaller packages, and tier two banks will like wise start selling to tier 3 banks in smaller packages. In 20 to 30 mins that process who fizz out and most dealers would be short of dollars. to a certain extent(Please be aware that I am talking of a one off scenerio, where there is only one customer in the whole wide world)."


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