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Technical Analysis Fallacy

  • #22,781
  • Feb 6, 2011 1:16am Feb 6, 2011 1:16am
Hi Friends,

I wish you all a great sunday!
Juts want to say, that it is a real pleasure to read your postings of the past few days. A lot of konwledge and experience you disclosed in here.

Thanx for that!

All the best :-)

Niels
  • #22,782
  • Feb 6, 2011 5:19am Feb 6, 2011 5:19am
Thanks for the replies, GEfx and jacson.
  • #22,783
  • Edited 8:15pm Feb 6, 2011 7:57pm | Edited 8:15pm
Hi all,

...if I can a few words ...
I read your posts ...
I want to understand your thoughts ... strategies that ...

Forex has a few basic rules...
FTI said ...
-diamend this forum ... but ... This result, because you must grind
-three kingdoms ... understanding of the dependencies - no crosses
-rigidity kills ...
-capitalization ...
-knowledge of the market structure ...
- individual MO ...

these are tools - FTI said ...

the road to victory is simple ... and difficult ...
it depends on our minds ... concentration in the market ...
The result of the transaction depends on freedom from greed ...
Anxiety, fear, panic ...

I'm talking about the grounds, but it's like a pianist begins to play the single notes ..
He still remembers somewhere about the grounds for starting the game ...

The philosophy of playing the forex is redundant ...
dominated by the rules of which are still remembers FTI ... but ...

rigidity kills ...

gart
  • #22,784
  • Edited 8:37pm Feb 6, 2011 8:26pm | Edited 8:37pm
will soon be above 5 years of activity in the forex market ...
but I'm still learning the appropriate response to the market ...
We remember that the mind follows the response - not vice versa

FTI thank you... thank you all...

a good week everyone ...
  • #22,785
  • Edited 9:12pm Feb 6, 2011 8:42pm | Edited 9:12pm
Today watch for the dollar - is to be weak ... but it is possible 83.25 (ducks!)
  • #22,786
  • Edited 9:13pm Feb 6, 2011 8:52pm | Edited 9:13pm
e/u pall back 3471-16 (ducks!)
g/u 6021-5999 (ducks!)
  • #22,787
  • Feb 6, 2011 10:21pm Feb 6, 2011 10:21pm
hows everyone here............

had a great weekend.....learnt a new Breathing exercise which kinda nourishes your body saw some real effect for last 3 weeks...even if i sleep 4 hours i dont need coffee if i can do that exercise.........


V
  • #22,788
  • Feb 7, 2011 1:20am Feb 7, 2011 1:20am
I'm great thanks. Just finished putting "Samantha's" clothes away and looking forward to a productive week's trading as Mark.

I've been trying some breathing exercises too - as part of Vippasanna meditation - but I am no good at them....my mind keeps wandering.
  • #22,789
  • Feb 7, 2011 1:25am Feb 7, 2011 1:25am
Quoting ukmanthailan
I'm great thanks. Just finished putting "Samantha's" clothes away and looking forward to a productive week's trading as Mark.

I've been trying some breathing exercises too - as part of Vippasanna meditation - but I am no good at them....my mind keeps wandering.
i went for 10 days course.....they kept us QUIET for 10 days...no phone no internet ...no TALK....not even looking anyone in eyes...

men it was a revelation....

V
  • #22,790
  • Feb 7, 2011 1:30am Feb 7, 2011 1:30am
Quoting indianguyinny24
hows everyone here............

had a great weekend.....learnt a new Breathing exercise which kinda nourishes your body saw some real effect for last 3 weeks...even if i sleep 4 hours i dont need coffee if i can do that exercise.........


V
Good Morning @all!

Vick and Mark: Do you have a good reading to learn a little more about that way of meditation? Really interested to dig much deeper into it, than I have done till now.

Thx!

@Mark: Will pull Barbara's clothing out of the cabinet and start trading the Challenge again

Niels
  • #22,791
  • Feb 7, 2011 1:51am Feb 7, 2011 1:51am
Hi Niels, I have a couple of books on Vippasanna meditation - I will check the titles when I've finished shorting the Euro

Thanks again for posting those excerpts from Beating the Forex Dealer. I devoured the whole book in a couple of hours and I know I shouldn't really need them but I find his rolling pivot points idea quite good for directional bias and they make a lot more sense than the calculations that we talked about the other day re. daily pivot points support/resistance.

Good luck with your challenge!
  • #22,792
  • Feb 7, 2011 2:02am Feb 7, 2011 2:02am
Quoting ukmanthailan
Hi Niels, I have a couple of books on Vippasanna meditation - I will check the titles when I've finished shorting the Euro

Thanks again for posting those excerpts from Beating the Forex Dealer. I devoured the whole book in a couple of hours and I know I shouldn't really need them but I find his rolling pivot points idea quite good for directional bias and they make a lot more sense than the calculations that we talked about the other day re. daily pivot points support/resistance.

Good luck with your challenge!
send me those books too mark...

Thanks
V
  • #22,793
  • Feb 7, 2011 2:24am Feb 7, 2011 2:24am
Quoting ukmanthailan
Hi Niels, I have a couple of books on Vippasanna meditation - I will check the titles when I've finished shorting the Euro

Thanks again for posting those excerpts from Beating the Forex Dealer. I devoured the whole book in a couple of hours and I know I shouldn't really need them but I find his rolling pivot points idea quite good for directional bias and they make a lot more sense than the calculations that we talked about the other day re. daily pivot points support/resistance.

Good luck with your challenge!
Hi Mark,

can you send me those books too i guess by now you should be finished shorting EU

thanks!
eddy
Success consists of going from failure to failure without loss of enthusiam
  • #22,794
  • Feb 7, 2011 2:25am Feb 7, 2011 2:25am
Hi Vic,

I don't have e-book versions but if I can find them online I'll forward them. Otherwise, if I have time, I might scan the best one if you are interested.
  • #22,795
  • Feb 7, 2011 2:40am Feb 7, 2011 2:40am
Quoting dongsky
Hi Mark,

can you send me those books too i guess by now you should be finished shorting EU

thanks!
eddy
Hi Eddy, Will do.

Yeah, luckily I jumped out on that first little retrace to 1.3597 as I didn't like the look of it, what with cable continuing up and USD/JPY starting to slide at the same time.
  • #22,796
  • Feb 7, 2011 2:53am Feb 7, 2011 2:53am
Quoting ukmanthailan
Hi Eddy, Will do.

Yeah, luckily I jumped out on that first little retrace to 1.3597 as I didn't like the look of it, what with cable continuing up and USD/JPY starting to slide at the same time.
thanks good call!
Success consists of going from failure to failure without loss of enthusiam
  • #22,797
  • Feb 7, 2011 3:02am Feb 7, 2011 3:02am
Hi all,
can anybody be kind enough to tell me the proper usage of moving average & can explain what is the meaning of "mean".

thanks and regards.
kam
  • #22,798
  • Feb 7, 2011 3:08am Feb 7, 2011 3:08am
Hi All

Attached is the lecture by Luang Por Jarun (a well respected meditation master from Singburi, Thailand) on the benefits of chanting Buddhaguna & Vipassana meditation.

In a nutshell, Vipassana is constantly being aware of every thoughts, actions, speech etc

So when u r trading be aware that u r trading NOW

Pip Well
Philip
Attached File(s)
File Type: pdf AdvantagesChanting.pdf   331 KB | 991 downloads
"Thinking Heart & Feeling Brain"
  • #22,799
  • Feb 7, 2011 3:23am Feb 7, 2011 3:23am
Do any of you guys subscribe to a datafeed separate to the one you receive from your broker? One thing that struck me when reading through the book that Niels posted was the comment that trading on your broker's price feed is akin to trading with blinkers on. I looked into this a while ago but never did anything about it.

I have now contacted prorealtime, the one that the author mentioned, but since I asked them the question he suggested, i.e. where do you get your prices from, they have been rather cagey and so far proved unwilling to expand on "major forex actors".

I just sent them a third email explaining that I was very keen to subscribe but wouldn't do so without knowing whose prices I was paying for, so I'll see if they can be a little more open or not.

Any other suggestions gratefully received.
  • #22,800
  • Feb 7, 2011 3:36am Feb 7, 2011 3:36am
I trade with FXDD, I have a demo account with DBFX with the tick chart (thanks to Mamood for the tips) on all the time.

Previously I use IBFX demo account as a seperate feed, but I find DBFX's tick chart suit me better. I have also tried SAXOBank's chart, but given up after a short while.

Quoting ukmanthailan
Do any of you guys subscribe to a datafeed separate to the one you receive from your broker? ...
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