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Technical Analysis Fallacy

  • #24,761
  • May 10, 2011 12:05am May 10, 2011 12:05am
I have been reading this thread by quite some time and I appreciate the sincerity, effort, collaboration, co-operation, sympathy, empathy advice and order that makes this thread a hallmark.

I am a student of accounting and finance with little experience in trading. I have been haunting the ghost of rationality that could make sense in trading but it still seems a cry too far.

I hope to enjoy good time with you people.

@ MaMood, I really understood the meaning of dance when I saw the result of your European session yesterday.
  • #24,762
  • May 10, 2011 12:07am May 10, 2011 12:07am
Quoting 012
FTI

God's will be done.

my prayers are with you brother.
hey 012
doing great on your trades?
Its been sometime.

Good fortune.

regards
  • #24,763
  • May 10, 2011 12:10am May 10, 2011 12:10am
Quoting the redlion
nice to see you are well FTI

God's grace, my friend.
Praises for his love.

God bless.

regards
  • #24,764
  • May 10, 2011 12:16am May 10, 2011 12:16am
Quoting fti

God's grace, my friend.
Praises for his love.

God bless.

regards
Hi Fti!
Do you still holding your jap?
  • #24,765
  • Edited 12:56am May 10, 2011 12:19am | Edited 12:56am
Quoting Jaro
Hi Fti!
Do you still holding your jap?
yes, i am
but not use that for trade judgement.
Its only my fling with rigidity.

I had this feel of the trade of the decade thingy.
But seems markets tempering the yen with balancing act with the euro and cable. esp aud.
For me is just a wild ride now. I am long cash every thing againtst the yen. Positions will tilt if yen hits 60. probably 65.
Probably try ride to the end of the year if i have to to see if ground fundementals will pravail.
If i manage to keep breathing. Now i have no ability to trade actively and professionally. Totally unable babysit my babies.

I like make very clear, this not trading. Ego is gambling.
Is worst way to trade.

Also want to say again.
Even masters can fall.
and circumstances can screw up all you nimbleness, if you not vigilant.

This may be the problem many faces because of their lacking ability to trade professionally.
If you want play like this, make sure you have a big pot withstand any kind of shit the pro can throw at your positions.
Also be in the know " the bigger the pot, the more the burnt rice."
Now everyday i pray for minimal burnt rice, while i am sleeping.


regards
  • #24,766
  • May 10, 2011 12:48am May 10, 2011 12:48am
Quoting fti
yes, i am
but not use that for trade judgement.
Its only my fling with rigidity.

I had this feel of the trade of the decade thingy.
But seems markets tempering the yen with balancing act with the euro and cable. esp aud.
For me is just a wild ride now.
Probably try ride to the end of the year if i have to to see if ground fundementals will pravail.
If i manage to keep breathing. Now i have no ability to trade actively and professionally. Totally unable babysit my babies.

I like make very clear, this not trading.
Is worst way to trade.

Also...
FTI i can honestly say, nothing will be held against you, you are truly a master and we all respect you.

to be honest i believe, the USD/JPY will rise, The BOJ is rumbling about intervention again, i read they are watching closely that 80.00 level. but chief, all you have taught us has prepared us and we all thank you for it.

nimbleness, adaptability, and sound judgement.

FTI just take care of your health, that is the most important.
and know that in me, you have a friend
AVT INVENIAM VIAM AVT FACIAM
  • #24,767
  • May 10, 2011 12:48am May 10, 2011 12:48am
Quoting the redlion
its hard to come up with a number, i trade everyday. most of the day when im free.

i suppose the best indicator is my account reflecting profits and i hardly let a trade go unrescued.
Hi Redlion. It is hard to help you, when you ignore questions required to help to define your trading skills. It is your choice, but 3th attempt : How many trades have you done? It is 100? Or 500? or 10.000? Please, approximatelly is enough:-) Thank you
  • #24,768
  • May 10, 2011 1:00am May 10, 2011 1:00am
Sorry about that didnt mean to ignore the question, just that i have not kept track of number, just been practicing technique experimenting with skews,

thanks for helping me, in advance. i appreciate it.

its been like about 100 trades i would say.

fana and indianguy appreciate your assistance
AVT INVENIAM VIAM AVT FACIAM
  • #24,769
  • May 10, 2011 1:05am May 10, 2011 1:05am
Morning Friends!

We have a very sunny morning here in Germany.
Let's see, if we have another "greek trading day" :-)

It's the right time for my frst fresh cup of coffee this morning.
Does anyone else want a fresh coffee, no?

Wish you all a great trading day!

All the best,
Niels
  • #24,770
  • May 10, 2011 1:07am May 10, 2011 1:07am
Quoting the redlion
FTI i can honestly say, nothing will be held against you, you are truly a master and we all respect you.

to be honest i believe, the USD/JPY will rise, The BOJ is rumbling about intervention again, i read they are watching closely that 80.00 level. but chief, all you have taught us has prepared us and we all thank you for it.

nimbleness, adaptability, and sound judgement.

FTI just take care of your health, that is the most important.
and know that in me, you have a friend
Thank You.
regards
  • #24,771
  • May 10, 2011 1:12am May 10, 2011 1:12am
Quoting MaMood
Morning Friends!

We have a very sunny morning here in Germany.
Let's see, if we have another "greek trading day" :-)

It's the right time for my frst fresh cup of coffee this morning.
Does anyone else want a fresh coffee, no?

Wish you all a great trading day!

All the best,
Niels
soon to be pro, but not be careless , my friend.
To know whats happening to greece, you need to have access to the powder room. All the discussions are being done there, while "powdering their noses." So unless you are privy, just can wait see reaction of those who have access.

meantime can teach me chess rules.

regards
  • #24,772
  • May 10, 2011 1:13am May 10, 2011 1:13am
Quoting the redlion
Sorry about that didnt mean to ignore the question, just that i have not kept track of number, just been practicing technique experimenting with skews,

thanks for helping me, in advance. i appreciate it.

its been like about 100 trades i would say.

fana and indianguy appreciate your assistance
Here we are on the same boat, wellcome! I am also still in studying process. 100 trades wont show you the real picture of how things go in forex. You need more practising. Be honest to yourself, re-reading the thread is important, because some thinks will be "on the table" just after you will experience it in the market. Trade, trade, trade.....
  • #24,773
  • May 10, 2011 1:14am May 10, 2011 1:14am
[quote=fti;4605884]yes, i am
but not use that for trade judgement.
Its only my fling with rigidity.

I understand, not intended to be a directional guidance question. Maybe you should hire babysitter for you babies??? They are not expensive these days!!! You can afford them. LOL
Regards
  • #24,774
  • May 10, 2011 1:17am May 10, 2011 1:17am
[quote=Jaro;4605990]
Quoting fti
yes, i am
but not use that for trade judgement.
Its only my fling with rigidity.

I understand, not intended to be a directional guidance question. Maybe you should hire babysitter for you babies??? They are not expensive these days!!!
Regards
i think not.
was trained as a child.
"If you want things done right, roll up your sleeves."

regards
  • #24,775
  • May 10, 2011 1:23am May 10, 2011 1:23am
Quoting fti
soon to be pro, but not be careless , my friend.
To know whats happening to greece, you need to have access to the powder room. All the discussions are being done there, while "powdering their noses." So unless you are privy, just can wait see reaction of those who have access.

meantime can teach me chess rules.

regards
Good morning fti!

I still like to check my news channels, but must of the time from hindsight.
I like to know, when I have to expect some vola becuase some news is scheduled. But I do not care about the numbers itself (anymore). Just following the flow - I have had a very good and patient teacher. Maybe you know him ;-)

Regarding chess: I know the rules but I should redirect you to my brother in law. He is playing chess in a very professional way. He is coaching his own team and was close to play in german chess "Bundesliga" ...

But let's start: e2e4

CU,
Niels
  • #24,776
  • May 10, 2011 1:24am May 10, 2011 1:24am
Quoting MaMood
Morning Friends!

We have a very sunny morning here in Germany.
Let's see, if we have another "greek trading day" :-)

It's the right time for my frst fresh cup of coffee this morning.
Does anyone else want a fresh coffee, no?

Wish you all a great trading day!

All the best,
Niels

i can have some coffee....not mornign but early early morning here....


V
  • #24,777
  • May 10, 2011 1:25am May 10, 2011 1:25am
Quoting Fana
Here we are on the same boat, wellcome! I am also still in studying process. 100 trades wont show you the real picture of how things go in forex. You need more practising. Be honest to yourself, re-reading the thread is important, because some thinks will be "on the table" just after you will experience it in the market. Trade, trade, trade.....
most definitely. i have read it 3 times and each i find small things that help out.

and yes i practice practice practice.

as i said before, i want to be the best, and i promised FTI in this thread that i WILL be one of the best traders of our time, and with my profits i will help those less fortunate.

i am willing to learn, and listen,

like Socrates used to say " i only know that i know nothing"

i do welcome any knowledge that anyone might be willing to pass on.


my view on the rescues was that it doesnt matter on the progression, or the actual number used. as long as you did not leave your army over extended and maximized profit, according to individual market conditions.

i find that rescues are a little trickier than attack but the jist of it is to bring the average close to market so on a retracement wave you can be bailed out. when we are evidently caught trading on the wrong side.

if we are sticking to trend, a rescue is not infact a rescue as one can sit on our hands and the market will bail you out. (one needs to be careful not to be careless and be sure of trend strength and be in fact trading in the direction of price with no changed pictures) however, i have found that if in the right direction, a rubber band tactic can actually be implemented.

take the punches and wack em like there is no tomorrow .......m where have i heard that before lol.

but i am curious to see how you guys suggest the attack/ rescue matter.
AVT INVENIAM VIAM AVT FACIAM
  • #24,778
  • May 10, 2011 1:26am May 10, 2011 1:26am
[quote=fti;4606005]
Quoting Jaro

i think not.
was trained as a child.
"If you want things done right, roll up your sleeves."

regards
good training. But take it easy now. Pay for babysitting and go for walk to have fresh air!
  • #24,779
  • May 10, 2011 1:26am May 10, 2011 1:26am
Quoting indianguyinny24
i can have some coffee....not mornign but early early morning....


V
Morning Vik!

you are very welcome!

Any cookies or a croissant?
Or just pure naked coffee?
  • #24,780
  • May 10, 2011 1:32am May 10, 2011 1:32am
Quoting MaMood
Morning Vik!

you are very welcome!

Any cookies or a croissant?
Or just pure naked coffee?
talk about cookies.
not seen our girl scout for long time.
what ever happened to our dutchangel.

regards
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