Hi GE,
I am most suprised.
Why's every one near their computers on a weekend?
regards
Technical Analysis Fallacy
- #25,283
- Edited 11:09am May 28, 2011 10:54am | Edited 11:09am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #25,284
- May 28, 2011 11:16am May 28, 2011 11:16am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Ya daily charts good.
Takes about 2 quarters make any real money.
By the way my daily chart have 5 zones.
Where does youe day start and end?
regards
Morning worms, that fish ...
- #25,285
- May 28, 2011 11:20am May 28, 2011 11:20am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
Aio ya , so long article.
Will tell you more if you email me.
You already have mine.
But 1 mistake you made.
Markets equilibrium is not detremined solely on demand supply factor alone as in economic theory.
She moves basically due to trader urgency and aggression although the...
A chart helps those who can read it.
- #25,286
- May 28, 2011 11:24am May 28, 2011 11:24am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Yes they will create their own ends. No need worry about them.
Thats why we have markets.
From who can we make the $$$ from if not for them.
regards
unchanging truth
- #25,287
- May 28, 2011 1:59pm May 28, 2011 1:59pm
- Joined Feb 2008 | Status: Cartographer | 1,981 Posts
Ya daily charts good.
Takes about 2 quarters make any real money.
By the way my daily chart have 5 zones.
Where does youe day start and end?
regards
Empty as water and soft as a facing wind mountain
I remember at beginning of thread you gave an early release of old man story. Seems patience lesson was lost among us. No offense to anyone, just my observation, I'm hasty as well.On second read of thread things seem crystal clear. One thing is bothering me. I am used to trading on the 1min. No problem if cut out early in unwanted position, but also encourages flipping of direction. This is a problem because on 1 min, flipping direction is capital intensive, but not flipping can also lead to missing the new direction. This prompts me to ask, is the act of flipping a sign of nimbleness, or a sign of greed? I'm asking because I'm trying to see if I have a hidden scorpion in my thought process.
For example:
I am stuck in a 40 pip intermediate range where I have a scout. The daily chart is ranging in 107 pips. The price pushes up past the 40 pip range where I have a short scout. At this point, do I flip direction (knowing potential upside is 67 pips) or conduct rescue? Note, a 67 pip move is very significant on my 1 min scope.
On the 1 min trend, the risk of flipping is significantly larger, so I feel that cutting out is best action until I see my trend is enforcing... from what I've experienced.
In addition, because I'm on 1min I tend to follow the small intermediate trends and not so much the daily trend. I read in the earlier posts that dealers focus on daily. While the flow usually alerts me to a change in trend, would using intermediate trends put me at significant risk? Perhaps sighting the 5min candles (while taking longer to rescue) would be wiser as there are less small trends to worry about.
easy easy, friend.
Don't try cramp 2 years into 1 month.
pace yourself. We are humans, we learn from our errs.
just don't allow any to be fatal. Remember , consistency.
regards
PS:OK, all my friends, its pass curfew here.
And i need go rest.
Have a nice weekend.
- #25,291
- Edited 1:26am May 29, 2011 12:52am | Edited 1:26am
- | Joined Sep 2009 | Status: Trader | 420 Posts
I'm hoping the doors open soon. btw if anyone is on fb, my fb name is William Fan. You should see "umass amherst" my university next to my name.
Also, I found 100 songs by enya as a playlist on youtube I post it here as an alternative to being pissed drunk to find trend better. Heard meditation helps. Was wondering if anyone knows any quick exercises?
http://www.youtube.com/artist?a=GxdC...re=bottomfeedr
Also wanted to mention that I've been knocking on doors really hard. I recently met w/ an fx senior who sent me along to global markets to see if any interns were needed in NY or London. Do they even have interns in dealing? He mentioned that majority of dealers are either very experienced already or started from sales department. Anyways, I try not to step on toes, being quiet as fish to not get in trouble. Maybe someone wants to elaborate on how best to knock on doors?
Also, I found 100 songs by enya as a playlist on youtube
I post it here as an alternative to being pissed drunk to find trend better. Heard meditation helps. Was wondering if anyone knows any quick exercises? http://www.youtube.com/artist?a=GxdC...re=bottomfeedr
Also wanted to mention that I've been knocking on doors really hard. I recently met w/ an fx senior who sent me along to global markets to see if any interns were needed in NY or London. Do they even have interns in dealing? He mentioned that majority of dealers are either very experienced already or started from sales department. Anyways, I try not to step on toes, being quiet as fish to not get in trouble. Maybe someone wants to elaborate on how best to knock on doors?
- #25,292
- Edited 3:50am May 29, 2011 2:00am | Edited 3:50am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
I'm hoping the doors open soon. btw if anyone is on fb, my fb name is William Fan. You should see "umass amherst" my university next to my name.
Also, I found 100 songs by enya as a playlist on youtube
http://www.youtube.com/artist?a=GxdC...re=bottomfeedr
Also...
you people keep making me eat my goodbyes.
OK since the Almighty Creator , not think is my time yet, i try give you all some fellowship.
My dear fp. i excuse you for your weakness of mind due to your youth. Ya , normally when young, we tend to be lack of patience and expect too much of what we think we can get, and what we want.
My friend, drinking piss is no solution, i know, i had been there. Neither is enya. But whatever can help you hold to spirit, is ok, just not become fanatic about it like some people.
There is no fix way to knocking door skills. You knock and wait, if no opens you go next door. there is no formulae of magic. Some doors will open some door won't. Trick is keep knocking. And make sure if one opens you put all efforts do your task well.
Last thing you want to do is get depressed. Depressed people tends gives others bad aura, and may withhold even when they may had decided in your favour.
Try find peace and steady mind, keep feet on the ground and keep walking forward 1 little step at a time. Keep BIG dreams all in bed. Walk with reality with strong spirit. Just be the best you can be, everyday.
Quick exercise in meditation.
To meditate means to steady mind to relax pace. Let mind observe ALL that is happening around you. You may like close eyes or you may like open eyes to see clearer. The process is to be earth observer than participant. Any thoughts comes to mind, play with it, then let it go. Key is to be relaxed. Anything that helps you relax is fine. If you want make your body into shape of a mountain, is also ok. What ever that helps you relax. The goal is to relax and allow bicameral mind to synegise with your thinking mind. Also not forget to breath.
regards
- #25,294
- May 29, 2011 2:19am May 29, 2011 2:19am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
I frequently have this problem with FF site-- page loaded half way. Especially when posting, many times can only see the message box, things below the message box are missing, including the "Submit Reply" button. Sometimes can be frustrating. While today I have the Submit button, I post the issue here, hope the site techinicians help solving the problem.
Another problem is Facebook. It's blocked by my gov. I can never go there. I asked a friend setting up an account there, and connect it with Windows Live, so that I can read fti's facebook...
well, the great firewall of china cannot last forever. One day will open, one day.regards
- #25,297
- Edited 3:25am May 29, 2011 3:08am | Edited 3:25am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
On second read of thread things seem crystal clear. One thing is bothering me. I am used to trading on the 1min. No problem if cut out early in unwanted position, but also encourages flipping of direction. This is a problem because on 1 min, flipping direction is capital intensive, but not flipping can also lead to missing the new direction. This prompts me...
about your MO.
You see, i not use the 1 minutes chart.
That is because i do not believe i can out scalp the market makers as i have to give away price spread and slippage to conduct my trades. Scalping is advantages and MO for market making. Scalping thru brokers can hardly be profitable as the cost is too high for the ROI. Not withstanding the share of the slice the brokers take for their "service". Also is quite impossible scalp, unless can see big money order flow.
About flipping.
Fliiping is term MaMood introduced.
I sometime turn on positions if i detect that i am in trade against trend.
When in congestion ranges, I never turn.
If i had to turn, in ranges, already means the positions already deep dead in the waters.
What you seems doing in ultra short charts seems like "pig" activity to me. In my opinion seems dangerous stuff.
Can get killed by both buses.
Remember, Bulls makes money and bears makes money. (not at the same time)
but "pigs" , they get slaughtered. Mostly by the houses.
Please reread thread.
regards