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Technical Analysis Fallacy

  • #25,481
  • Jun 2, 2011 5:06pm Jun 2, 2011 5:06pm
fti, sir, how are you feeling?

i am glad you are up and about. im working on a rescue (it is all my fault, i got called to see patients at night and things were going my way) i came back and boom, price had moved the other way.

just my scout, so im not bleeding out too much, but ill take this as an opportunity for a death battle


i will await the oportunity for rescue, if it doesnt come of the market doesnt permit, i will have to leave my scout behind enemy lines and list him MIA give him a good memorial service,

i dont want to risk my army in search of a single soldier
but too many suicide missions and my army will slowly deplete. so if i cant watch my troops i should stay out.

heli is in a bit of a tough situation, with no more easy money the stock market, housing and the entire US economy is spooked.
then we look to the Euro and they are too in trouble, even china is feeling the pain. what times we live in
AVT INVENIAM VIAM AVT FACIAM
  • #25,482
  • Edited 5:25pm Jun 2, 2011 5:13pm | Edited 5:25pm
Quoting the redlion
fti, sir, how are you feeling?

i am glad you are up and about. im working on a rescue (it is all my fault, i got called to see patients at night and things were going my way) i came back and boom, price had moved the other way.

just my scout, so im not bleeding out too much, but ill take this as an opportunity for a death battle


i will await the oportunity for rescue, if it doesnt come of the market doesnt permit, i will have to leave my scout behind enemy lines and list him MIA give him a good memorial service,

i...
Hi rl,
Its only scout, no nned do death match. Pull the plug is better.
But is good lesson about baby sitting. If left unattended, best square out. But if you have long term opinions, then do it full cash. Absolutely no leverage. Then can even take trip to the other side , come back and positions still there.

ya, and about panda, so much ego.
heard that they going to spend billions redirect water catchments fron South to North. Just because they build their model city in north. Human should go to resouces, but they seems have so much ego, they want resources flow to humans, where they want it. Let see what surperises mother nature have for the sgo heads.

regards
  • #25,483
  • Jun 2, 2011 5:33pm Jun 2, 2011 5:33pm
confidence is of great importance

ego not so much, the US and its ego, the worlds most powerful nation, the king of the monetary system.
china and its ego. at some point in time i think Taiwan is gonna be the point were the new power challenges the old

we think we can bully nations with our military and continue to spend and spend at the expense of the people and the world.
ego gets nations in trouble, lets ask rome.

you know, im sorry you are having so much trouble with the brokers ( people dont operate in the old my word is my bond any more) if you are handling big sums of money they will shade prices till they get you.

maybe you are red flagged, you remind me of jesse livermore and the bucket shops. you are too good sir.

at any other time i would have begged you for a hand helding session, but i dare not ask, i dont want you to strain your heart.
but do what you like and enjoy even your sticks lol. be at peace with yourself, the people you love, and know that WE ALL CARE ABOUT YOU. AND WE ARE ALL HERE FOR YOU.

theredlionff thats my skype in case you want to call me and talk sir.
AVT INVENIAM VIAM AVT FACIAM
  • #25,484
  • Jun 2, 2011 5:35pm Jun 2, 2011 5:35pm
Quoting fti
Hi rl,
Its only scout, no nned do death match. Pull the plug is better.
But is good lesson about baby sitting. If left unattended, best square out. But if you have long term opinions, then do it full cash. Absolutely no leverage. Then can even take trip to the other side , come back and positions still there.

ya, and about panda, so much ego.
heard that they going to spend billions redirect water catchments fron South to North. Just because they build their model city in north. Human should go to resouces, but they seems have so much ego,...
someday nature will catch up....

what going on with this USD bear thing...EU back at 1.45.....


V

PS: around NYC i hear some talks about QE3....
  • #25,485
  • Jun 2, 2011 5:41pm Jun 2, 2011 5:41pm
Quoting the redlion
confidence is of great importance

ego not so much, the US and its ego, the worlds most powerful nation, the king of the monetary system.
china and its ego. at some point in time i think Taiwan is gonna be the point were the new power challenges the old

we think we can bully nations with our military and continue to spend and spend at the expense of the people and the world.
ego gets nations in trouble, lets ask rome.

you know, im sorry you are having so much trouble with the brokers ( people dont operate in the old my word is my bond...
thank you rl,but i cannot break old security protocol, in my vicinity no cams and air waves lines allowed. None of those berries also be they black or purple. not even mobiles or gps . Have too much powerful "friends". only the usual secured access, sorry.

regards
  • #25,486
  • Edited 6:29pm Jun 2, 2011 5:57pm | Edited 6:29pm
Quoting tubguy
Sir Fti,

Sorry to hear of whom ever it was that failed.

I was wondering what dollar figure you would consider sufficient for trading in the manner you have presented?

I have been working on learning this for about a year and managed to keep my little account from destruction so far. I still get stupid on occasions and cause myself losses by attacking or rescuing with a pip value that is to large.

I still love it though.

Thanks for presenting it for us.

Good Trading
Mike
tubguy,
no. was also my fault.
I normally i would never encourage or allow anyone, with small cap, to trade theis markets.
But i thought the yen situation gave a unique opportunity. How ever i was tested. And small cap got inured following. But is Ok i will make good. But i am also reminded that here may hae small cap traders as well. Unless you on demo, or experimentation and education. Please not waste effort. This is a cap game , is the fastest cap game in world. Please not go into a gun battle with knieves.

There is no dollar amount thingy. Just make sure you not risk any thing more than 10% your NTA. if risking less than 10% NTA cannot provide good income, then traders only put themselves in harms way, tendency to over trade. Moreover mindset likely be scuttered on high standard deviation wild volatility. This time the yen thingy also nearly caught me pants down on my own rules as well. I went death battle. Fortunately damage minimal. Only left the cash exposures to ride out the ground situation. This manipulation is the worst i had ever seen. Seems really like trying "world domination" thingy. New lessons for old dog. Every thing is rubbing the wrong way. Feds goes into crazy printing and USD refuses drops, instead appreciates. The Nihonhas natural calamity, and the yen appreciates in crazy manner. i still waiting to see the rogue trader who doing this. In time all will come into the open. Having said that, i do believe few nimble players are hurt yet. But there definately mega buck around manipulating. And manipulators always ultimately die. Can ask Nic Leeson about it.


regards

PS: Many people do not understand. The profits in this business comes from people who are forced to cut losses, either by forced buyins and stops.
  • #25,487
  • Jun 2, 2011 6:22pm Jun 2, 2011 6:22pm
[quote=fti;4662718]tubguy,
New lessons for old dog.


Who said that you cannot teach old dog new tricks???
How are your health fti???
We all thinking and praying for your well being.
Blessings,
Jaro
  • #25,488
  • Jun 2, 2011 6:27pm Jun 2, 2011 6:27pm
I apologize for the quote. I'm out of battlefields. You have saved my life in that respect.

That's a very sad article

Quoting fti
yo fp,
please no quote mind over matter, unless you are wired like me, red beret, or green beret, or commando. You not really understand what that in fact means until you had been thru it in real life firing exercises.

You know i feel so sad. Iam stuggling with my health and the worst happens. One of the readers here i was trying to rescue and train, failed flat out. Only reason was under capitalisation. So any of you, if you undercapitalised, please stay the hell out of these killing fields.

And look at these people. Puts the money hogging...
  • #25,489
  • Jun 2, 2011 7:10pm Jun 2, 2011 7:10pm
fti,
here is a gift for you.
We found this internet radio the other day.
It is fantastic music that we love.
At home, we could listen to this music for hours.

Check "radio Misterium"
at
http://www.radionomy.com/en/radio/misterium

Cheers,
Empty as water and soft as a facing wind mountain
  • #25,490
  • Jun 2, 2011 7:45pm Jun 2, 2011 7:45pm
Quoting fti
tubguy,
no. was also my fault.
I normally i would never encourage or allow anyone, with small cap, to trade theis markets.
But i thought the yen situation gave a unique opportunity. How ever i was tested. And small cap got inured following. But is Ok i will make good. But i am also reminded that here may hae small cap traders as well. Unless you on demo, or experimentation and education. Please not waste effort. This is a cap game , is the fastest cap game in world. Please not go into a gun battle with knieves.

There is no dollar amount thingy....
Thank you for the reply Fti.

This clears some things up for me. On weekends I trade with Forex Tester
for some extra training and screen time. The data starts at 2001. I have noticed that the market today is much more volatile.

I also have been having problems with mindset lately due to the volatility and fear. Now I can see that had I been willing to risk 10% instead of 3-5%, I would have been more relaxed and not tried to rescue as soon.
Which in turn would have given me a much greater win rate due to the fact that most of my losers (I closed due to pain threshold) turned in my favor soon after closing them which would have provided a much easier rescue with a smaller pip value.

I will work thru this in my small expendable account first though.

Quote
PS: Many people do not understand. The profits in this business comes from people who are forced to cut losses, either by forced buyins and stops.

At least now I know where my losses are ......Fti's account.

Thanks again Fti.

Good Trading
Mike
  • #25,491
  • Jun 2, 2011 9:36pm Jun 2, 2011 9:36pm
good morning everybody.....!
  • #25,492
  • Jun 3, 2011 1:56am Jun 3, 2011 1:56am
Quoting fti
tubguy,
no. was also my fault.
I normally i would never encourage or allow anyone, with small cap, to trade theis markets.
But i thought the yen situation gave a unique opportunity. How ever i was tested. And small cap got inured following. But is Ok i will make good. But i am also reminded that here may hae small cap traders as well. Unless you on demo, or experimentation and education. Please not waste effort. This is a cap game , is the fastest cap game in world. Please not go into a gun battle with knieves.

There is no dollar amount thingy....
Very well said FTI. Unfortunately I found this to be the truth going the hard way, since I learned about Forex while searching for a job. There was broker( I didn't know then that it was a broker) offering job positions for finacial analyst(as far as I remember) and candidates were to go through 1 week free educational course and the through a 1 month company training which had a fee and eventually the candidate would be hired after passing a 2 weeks trading challenge.
The job offer was a scam to lure people in the paid training course and we were brainwashed all the time that we have been offered easy access to the world financial markets and the chance to make easy money, etc. Another thing that they tried to hammer into out heads was that we didn't need much capital to start and become rich very fast.
I'm saying all that because I think the above post must be the first thing a newby should learn and understand.It's some kind of a reality check. All that broker propaganda is just fairy tales, but newbies can't know that, do they.
Thank God I came upon that thread and may God bless you with good health, Fti.
Good trading to all
Rgards

P.S. Fti,the stories (about the monks, the wild pigs, etc.) that you have presented in the thread and your words about ego are full of wisdom, and I understand them even better since I started practicing Aikido. "Meditation in Motion" Our ego is our greatest enemy as far as learnig,prgress and growing are concerned, no matter in what field of our lives.
  • #25,493
  • Jun 3, 2011 2:35am Jun 3, 2011 2:35am
Hi FTI, thank you for sharing so much good information and your effort to explain forex trading. Its fantastic to learn from experienced Dealer like you. I wish you to recover and gain good health again.. (sorry if my english is not so good)
  • #25,494
  • Jun 3, 2011 2:37am Jun 3, 2011 2:37am
i am going to read this thread again.......will come up to my seniors' level of skills and expertise..........some day I will......definitely
  • #25,495
  • Edited 6:12am Jun 3, 2011 5:54am | Edited 6:12am
Quoting luSan
fti,
here is a gift for you.
We found this internet radio the other day.
It is fantastic music that we love.
At home, we could listen to this music for hours.

Check "radio Misterium"
at
http://www.radionomy.com/en/radio/misterium

Cheers,
thank you lusan,
seems nice music.Unfortunately these days , its very hard for me listen music.
There is very loud ringing sound in my ears.
Find some peace listening to church bells ringing.
And also the muslim,s calls to prayer that broadcasted by loud speakers , 5 times a day.
I am thankful , god still sending reminder daily for me reorientated my timing.

I mostly find good feelings and stable reciting the lord's prayer.
I sleep too much now, and time disorientation is crazy.

anyway markets two way wild waiting for NFP figs.
But I just watching , because need focus mind on something.
When mind unfocused , is very disorientating.

regards
  • #25,496
  • Edited 10:31am Jun 3, 2011 6:33am | Edited 10:31am
Quoting fti
thank you lusan,
seems nice music.Unfortunately these days , its very hard for me listen music.
There is very loud ringing sound in my ears.
Find some peace listening to church bells ringing.
And also the muslim,s calls to prayer that broadcasted by loud speakers , 5 times a day.
I am thankful , god still sending reminder daily for me reorientated my timing.

I mostly find good feelings and stable reciting the lord's prayer.
I sleep too much now, and time disorientation is crazy.

anyway markets two way wild waiting for NFP figs.
But...
Just thought of one of the old boss i worked for. He was a beautifully kind muslim man. Taught me some about Nabi Isa.(Jesus Christ)
Full of love and wisdom too. Miss him much. The perspective is different, yet is the same as my faith. He left of heart attack more than 13 years ago. May he rest in peace.
i have paparatzi pic of him and me praying, in our own ways. Is not very clear and very old picture.This pidc was sneeked at a time when the Q funds was trying destroy the currency of a small country. Went from 2.6 to 5 exchange rates against the usd in weeks.We was really praying and fighting for life then.
Attached Image
  • #25,497
  • Jun 3, 2011 6:38am Jun 3, 2011 6:38am
Hi fti, a newbie here, just manage to go through until page 81 and I must thank you for sharing your experience with us.
My dad was a diabetic, he experience those ringing sound too when his sugar level was high.
Not sure if you are a Christian? If you are keep your eyes on the Lord away from yourself and discomfort and never give up.
  • #25,498
  • Edited 6:58am Jun 3, 2011 6:46am | Edited 6:58am
Quoting fti
Just thought of the old boss i worked for. He was a beautifully kind muslim man.
Full of love and wisdom too. He left of heart attack more than 15 years ago. May he rest in peace.
i have paparatzi pic of him and me praying, in our own ways. Is not very clear.
Hi Fti. Weekend is ahead. Its good that you are here:-)
French open is here. Go Roger!
  • #25,499
  • Jun 3, 2011 7:00am Jun 3, 2011 7:00am
yes muslims say Allah O Akbar....means Allah is the greatest.....
can recite all of it if they did not have had problem with that...but surely they have......haven't they?
  • #25,500
  • Jun 3, 2011 7:06am Jun 3, 2011 7:06am
Fti you were a fine young man...........like me
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