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Technical Analysis Fallacy

  • #23,221
  • Mar 6, 2011 4:58pm Mar 6, 2011 4:58pm
Has anyone else watched this? Gro?

Inserted Video
  • #23,222
  • Mar 6, 2011 11:52pm Mar 6, 2011 11:52pm
Quoting fullperson
So for example, having options and underlying stock is hedging? But having long and short on same instrument is called a cross...
A more appropriate term for it would probably be 'squaring off', i.e. kill the trade.
  • #23,223
  • Edited 6:58am Mar 7, 2011 6:43am | Edited 6:58am
Quoting Guerrillawar
Just heard this song thought if you adjust it slightly it can be inspirational for traders.


I'm a Soldier.



http://www.youtube.com/watch?v=KaULdaYf4dA

OMG, is a beautiful song of patriots.

Honoured.
This the life of a Warrior, every warrior.
"Duty above self"

The Ultimate "mind above matter."
If you don't mind , it doesn't matters.

Salutations.

It doesn't matter the side.
kill or be killed, the life of duty and honour.
In WWI , scouts pitched their skills against brothers trained like them.

Same for traders, those trains with me.
Then in the battlefields,we battle each for their own books.
No friends no foes, only duty.
This the way of warriors.
We uphold our honour and chilvary always.
Scout's life.

Inserted Video

regards
  • #23,224
  • Mar 7, 2011 10:48am Mar 7, 2011 10:48am
Quoting fullperson
yes, I am very lucky to have fti push me in a good direction. In retrospect I am asking too many questions without doing due diligence on my part as a student. It's like bugging your professor without having read the textbook.

I have downloaded and am currently reading the ACI dealing handbook to get down the terminology cold. I plan on reading the material pertaining to dealing activities as well, but I will focus more on a re-read of fti's original material (since dealing is not my MO at this point).

I agree that at some point, the learning...
Try Oanda demo, they use FIFO. Buy 6 units, then sell 4 and see what happens.
  • #23,225
  • Mar 7, 2011 2:26pm Mar 7, 2011 2:26pm
Love(FTI WAY OF TRADING) is like playing the piano. First you must learn to play by the rules, then you must forget the rules and play from your heart


V
  • #23,226
  • Mar 7, 2011 2:38pm Mar 7, 2011 2:38pm
Quoting indianguyinny24
Love(FTI WAY OF TRADING) is like playing the piano. First you must learn to play by the rules, then you must forget the rules and play from your heart


V
Hi Vick. Very well said...
  • #23,227
  • Edited 3:43pm Mar 7, 2011 3:24pm | Edited 3:43pm
hmm... down trend is deep, now need to be nimble. Markets volatility low, poor chance for rescue if caught. Ranges not great enough to be scalped due to spread. Small sell scout reports uncertainty, will have to wait and see if trend holds. No squeezing blood from stone.

I feel as if MM is setting his spread to push investors to strategic locations. A small scout seems to indicate where me might be going?

Musical training is forever. To sound beautiful, you need to be technically correct. I don't think anybody forgets about their training, it just becomes second nature after a while so their mind is freed up to think of phrasing more.

nvm, small scout sacrificed, position squared (flat). Work needs to be done.
  • #23,228
  • Mar 7, 2011 7:38pm Mar 7, 2011 7:38pm
Quoting piccolo
Try Oanda demo, they use FIFO. Buy 6 units, then sell 4 and see what happens.
I use fxcm and i live in US... this fifo policy wont allow me to apply "sprial within sprial" technic to my trading...
FIFO, first in first out.. so my scout will always be the first lot to be killed.... i talked to one of fxcm technician and he told me its the new us law on trading came out since 2010.. which means every brokers in us should follow this law.
I cant have my second battle on same scout.. i always have to close out the whole trades.. and start out with a new scout base on this policy..
I only trade little hours a day...havin a full time job aside so this wont really affect me now but it needs to be considered as to become a full time trader in US..
  • #23,229
  • Mar 7, 2011 9:16pm Mar 7, 2011 9:16pm
Quoting darkhorsefx
I use fxcm and i live in US... this fifo policy wont allow me to apply "sprial within sprial" technic to my trading...
FIFO, first in first out.. so my scout will always be the first lot to be killed.... i talked to one of fxcm technician and he told me its the new us law on trading came out since 2010.. which means every brokers in us should follow this law.
I cant have my second battle on same scout.. i always have to close out the whole trades.. and start out with a new scout base on this policy..
I only trade little hours a day...havin...
Create Two account....split funds 50-50 between two....use one for long and other for short...
Then see the magic of going long and short on one pair....


V
  • #23,230
  • Mar 8, 2011 10:15am Mar 8, 2011 10:15am
Quoting darkhorsefx
I use fxcm and i live in US... this fifo policy wont allow me to apply "sprial within sprial" technic to my trading...
FIFO, first in first out.. so my scout will always be the first lot to be killed.... i talked to one of fxcm technician and he told me its the new us law on trading came out since 2010.. which means every brokers in us should follow this law.
I cant have my second battle on same scout.. i always have to close out the whole trades.. and start out with a new scout base on this policy..
I only trade little hours a day...havin...
ok, my bad. I didn't really mean so much FIFO as just a dealbook where orders are pooled. You are either x units short or long at the average price of y. It doesn't matter how many tickets you have or in what order were they opened.
  • #23,231
  • Mar 8, 2011 12:03pm Mar 8, 2011 12:03pm
Did anybody ever try to trade without any indi? Maybe just with MA and BBands???
Thanks
  • #23,232
  • Mar 8, 2011 12:57pm Mar 8, 2011 12:57pm
Quoting Jaro
Did anybody ever try to trade without any indi? Maybe just with MA and BBands???
Thanks
Hi Jaro. Welcome to the thread. First, read the first page of the thread. There you should find the answer. Regards
  • #23,233
  • Mar 8, 2011 3:32pm Mar 8, 2011 3:32pm
Quoting Fana
Hi Jaro. Welcome to the thread. First, read the first page of the thread. There you should find the answer. Regards
Thanks FANA, will definitly DO! And thanks for welcoming me to this thread!!!

Jaro
  • #23,234
  • Mar 9, 2011 1:09am Mar 9, 2011 1:09am
Morning Friends,

long time no see :-)
Very busy with trading. Just checking the FF calender regularly.
Glad to see that fti has found some power to show up here!

All I want to say atm is: Stay very nimble because of possible military intervention in Lybia. If so, it will have for sure major impacts on the markets ...

Wish you all the best!

Niels
  • #23,235
  • Mar 9, 2011 1:09am Mar 9, 2011 1:09am
A pinch of fundamentals !

http://online.wsj.com/article/SB1000...p_mostpop_read
  • #23,236
  • Mar 9, 2011 8:41am Mar 9, 2011 8:41am
Thanks for the article it was a fun read I wouldn't put to much value in his theory, although I tend to agree. His theory is how the markets should be. But remember it is people who move markets not the other way around. Also what happens if the China bubble eventually bursts that was not mentioned?
  • #23,237
  • Mar 9, 2011 8:59am Mar 9, 2011 8:59am
Fana:

Where are you living in the the Czech Rep???
I lived there six years. Five in Praha 3 and one year in a small village in the Sumava region. I'm currently living in the Chicago area in the U.S. But my wife misses Czech a lot. We will move back to the Czech Rep. next January probably Ceske Budejovice because thats where most of her family lives.

When I lived in Czech I always enjoyed talking to Czech traders. They tend to be much more motivated and skillful than traders I have met from other countries. I think they respect money much more than their U.S., British or Australian counterparts.
  • #23,238
  • Mar 9, 2011 10:55am Mar 9, 2011 10:55am
http://online.wsj.com/article/SB1000...214689278.html
  • #23,239
  • Mar 9, 2011 11:05am Mar 9, 2011 11:05am
Quoting Guerrillawar
Fana:...
Hi Guerrillawar. I am from the Southern Moravia. The situation here is catastroph. Good only for visit. I envy you live in US. Regards
  • #23,240
  • Mar 9, 2011 12:14pm Mar 9, 2011 12:14pm
Fana:

My wife was born and grew up in Hodonin! Her family still has a small vineyard there. Moravia has the best Sliovice in the world. Also good uzeniny maso and harmonica musica when you are drinking. I took holiday once in Luhacovice. Really nice place to get away and just relax.

I envy you to be in back in Czech. I miss so much my 75 kc lunch "menu" I used to get that every weekday. Here in the U.S. nothing like that exists. I also miss 12 kc Gambac. Can't get that here. Only Czech pivo you can get here is Pilsner Urquell and Budvar but both are old and not fresh here.

What has changed for the worse so much in Czech????? Everyone I know there are doing pretty good. Good jobs, nice house and nice life. Not sure what has happened?
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