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Technical Analysis Fallacy

  • #25,121
  • May 19, 2011 12:32pm May 19, 2011 12:32pm
Quoting Gro
Does anybody know this? untested!

http://www.cashbackforex.cz/en/index.php
One word comes to my mind...

RUN


V
  • #25,122
  • May 19, 2011 1:17pm May 19, 2011 1:17pm
Quoting Gro
Does anybody know this? untested!

http://www.cashbackforex.cz/en/index.php
That is something like that:

Attached Image
  • #25,123
  • May 19, 2011 1:30pm May 19, 2011 1:30pm
Quoting textor
That is something like that:

Attachment
ya ya "I do not discount for free ..."
  • #25,124
  • May 19, 2011 3:10pm May 19, 2011 3:10pm
Hi guys,

it's been a few months since I last dropped in and I see now fti has got himself into some sort of argument with The Factory rules and management... went through the last 100 pages to figure out what happened exactly but it seems it's been all deleted. Not that it matters anymore.
Shame.
I remember some time ago fti told us in a moment of anger he's leaving the forum for good (good thing he changed his mind back then ). I said it then and I still think the same today: Thank you fti, you leave something good here. I hope our paths cross again. God bless and God speed.

Regards
Stan
  • #25,125
  • May 19, 2011 3:12pm May 19, 2011 3:12pm
Inserted Video


I cant stop laughing:-).
  • #25,126
  • May 19, 2011 3:33pm May 19, 2011 3:33pm
Quoting Fana
http://www.youtube.com/watch?v=AFlmS...eature=related

I cant stop laughing:-).
I remember being in front of the screens when it happened - was like the end of the world, LOL. Well, it wasn't that funny back then. But it was hell of a day and I made a descent killing that night. I think GeFx said he had his best trading day back then when EURJPY crashed big time thanks to its correlation to SE and Dow. What a day, what a day
  • #25,127
  • May 19, 2011 3:36pm May 19, 2011 3:36pm
Quoting Setebos
I remember being in front of the screens when it happened - was like the end of the world, LOL. Well, it wasn't that funny back then. But it was hell of a day and I made a descent killing that night. I think GeFx said he had his best trading day back then when EURJPY crashed big time thanks to its correlation to SE and Dow. What a day, what a day
Hi Stan. But how they can trade under such emotions, that is a question for me...
  • #25,128
  • May 19, 2011 3:40pm May 19, 2011 3:40pm
Quoting Fana
Hi Stan. But how they can trade under such emotions, that is a question for me...
We tend to get used to things and stop paying attention with time. Emotions are no exception. It's all about the drill I guess.
  • #25,129
  • May 19, 2011 3:44pm May 19, 2011 3:44pm
Quoting Setebos
Hi guys,

it's been a few months since I last dropped in and I see now fti has got himself into some sort of argument with The Factory rules and management... went through the last 100 pages to figure out what happened exactly but it seems it's been all deleted. Not that it matters anymore.
Shame.
I remember some time ago fti told us in a moment of anger he's leaving the forum for good (good thing he changed his mind back then . I said it then and I still think the same today: Thank you fti, you leave something good here. I hope our paths...
Hi Stan,
Read all extracted posts and will get the idea. Some are deleted totally.
Jaro



fti
member
Member Since Nov 2007
http://www.forexfactory.com/images/misc/10+kt.gif 5,542 Posts

http://www.forexfactory.com/images/icons/icon1.gif Extracted Posts

I see there was a circus, after i hit the sack yesterday.

Oh that, wanna be moderstor, nubcakes, is so full of it
May God BLESS him with all that he can bear.
We'll just need deal with him in the markets.
I hope he brings enough capital.
  • #25,130
  • May 19, 2011 3:45pm May 19, 2011 3:45pm
Quoting Setebos
We tend to get used to things and stop paying attention with time. Emotions are no exception. It's all about the drill I guess.
Me personally beginning strong and fresh in the morning and finishing as a small kid in the afternoon. Menthal-emotional stability and endurance is gold...
  • #25,131
  • May 19, 2011 4:10pm May 19, 2011 4:10pm
Quoting Jaro
Hi Stan,
Read all extracted posts and will get the idea. Some are deleted totally.
Jaro



fti
member
Member Since Nov 2007
http://www.forexfactory.com/images/misc/10+kt.gif 5,542 Posts

http://www.forexfactory.com/images/icons/icon1.gif Extracted Posts

I see there was a circus, after i hit the sack yesterday.

Oh that, wanna...
Ah, I see. The sad virtual reality of a "free" forum living on brokers' ads. Another of my reasons to stay away from here for the past months.
  • #25,132
  • May 19, 2011 10:40pm May 19, 2011 10:40pm
I come back on the thread and fti is gone haha. How unfortunate for me. Anyways, thank you fti, although you may not seethis message, I have spent less time reading and more time internalizing at this point. You have been a great teacher and I value you very much.
  • #25,133
  • May 19, 2011 10:47pm May 19, 2011 10:47pm
After demo testing for a very very long time I've decided to go live, so if anyone could help me with a broker and the leverage calculations I would be very grateful.

I would prefer mt4 platform. My skype is william.fan7
  • #25,134
  • May 19, 2011 11:00pm May 19, 2011 11:00pm
Quoting fullperson
After demo testing for a very very long time I've decided to go live, so if anyone could help me with a broker and the leverage calculations I would be very grateful.

I would prefer mt4 platform. My skype is william.fan7

be low use 50:1 leverage its more then enough ... i can say Oanda hasnt been bad to me except 2-3 times in 3 years....


V
  • #25,135
  • Edited 11:47pm May 19, 2011 11:24pm | Edited 11:47pm
and for reference I plan on using about 10K, and I guess at 50:1. Perhaps I should use micro lots as well.

I was wondering if fti had come up with recent suggestions on troop size calculations based on recent market insecurity. I have gotten used to a 1-1-2-5-10-20 skew.

I am not experienced with the oanda platform, but I'll download the demo and check it out, thanks V.

Finally a truly newb question, I personally do not feel that demo trading will be different from real, but any advice/tips for the transition?

EDIT: fti advises back on demo, so time to slow down
  • #25,136
  • May 19, 2011 11:37pm May 19, 2011 11:37pm
Quoting fullperson
and for reference I plan on using about 10K, and I guess at 50:1. Perhaps I should use micro lots as well.

I was wondering if fti had come up with recent suggestions on troop size calculations based on recent market insecurity. I have gotten used to a 1-1-2-5-10-20 skew.

I am not experienced with the oanda platform, but I'll download the demo and check it out, thanks V.

Finally a truly newb question, I personally do not feel that demo trading will be different from real, but any advice/tips for the transition?
Oanda has MT4
  • #25,137
  • May 20, 2011 2:04am May 20, 2011 2:04am
Quoting fullperson
and for reference I plan on using about 10K, and I guess at 50:1. Perhaps I should use micro lots as well.
is this your first live acc ?
demo to live isnt easy , huge psychological difference ,

ur first live account should be taken as a training account , keep it as small as possible , good chance u will lose it

maximize the longevity of the account with low leverage like 1:20 , get as much training as possible with it
To Live is the rarest thing in the world , Most people exist , that is all
  • #25,138
  • May 20, 2011 2:29am May 20, 2011 2:29am
Quoting Sylar
Fti

MM Lee have done a lot for SG and much like what u have done and share for in TAF... Guess it time for the new guard to show what the are capable for... Onward & Forward

P.S. Did u come back to vote?


Rdgs
Philip


MM Lee Kill You has done too much for Singapore....................so much that the majority of S'poreans can't wait to see him join his late wife in Hell.................


already, the old despot has both feet in the coffin................just hasn't laid down yet...............



i certainly hope 2011 is his last year ever...............
  • #25,139
  • May 20, 2011 2:40am May 20, 2011 2:40am
Quoting maheswara
is this your first live acc ?
demo to live isnt easy , huge psychological difference ,

ur first live account should be taken as a training account , keep it as small as possible , good chance u will lose it

maximize the longevity of the account with low leverage like 1:20 , get as much training as possible with it
Agree 100%!
  • #25,140
  • May 20, 2011 2:46am May 20, 2011 2:46am
Quoting fullperson
and for reference I plan on using about 10K, and I guess at 50:1. Perhaps I should use micro lots as well.

I was wondering if fti had come up with recent suggestions on troop size calculations based on recent market insecurity. I have gotten used to a 1-1-2-5-10-20 skew.

I am not experienced with the oanda platform, but I'll download the demo and check it out, thanks V.

Finally a truly newb question, I personally do not feel that demo trading will be different from real, but any advice/tips for the transition?

EDIT: fti advises back...
Account leverage is different from real leverage.

Size should depend on max risk per trade (EG.2.5%) and your Stoploss.

Thus a 25pip stop on a 10 000 account risking 2.5% you can trade one lot using 10:1 real leverage (25 pip x $10 per pip =250/10 000=.025 or 2.5%), but you can select 500:1 with your broker. All that will allow you to do is to either trade large size on one position (not suggested) or open more positions (different pairs) as less of your money is tied up in the initial trade. Now if you want to use a 50 pip stop you would need to trade a small size as one lot will make you lose 5% thus you would need to trade 0.5 lot.

Keep real leverage low 10:1 or less while account leverage isnt as important.
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