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Technical Analysis Fallacy

  • #25,741
  • Jun 8, 2011 4:26pm Jun 8, 2011 4:26pm
Quoting fti
Hi ALL,

Sorry I dozed.
Dang Phone ringing at 5 am wants speks to me.
can't just send me email?

oops good news.
I have hope if i work on 10 year survival plans now.

Pill makes heart repair itself.
http://wap.itn.co.uk/20746_heart.html

ok back to sleep.
Oops, prayer time, calls to prayer sounds.
Thanks God.

regards

You are just unbelievable!
Go on my friend - you will make some more years for sure!
Wished I had your attitude and trust in God ...



Going to bed now.
CU tomorrow in London :-)
  • #25,742
  • Jun 8, 2011 4:41pm Jun 8, 2011 4:41pm
Quoting MaMood
Hi Textor,

yeah - I strongly agree with your statement.
Overexposure - forced by greed and too small accounts for example is the killer No 1!


I also have the strong believe that we need to be honest to all beginners: It is just impossible to make your living based on a 5k USD account with a minilot sized scout using fti's method. You have to start very small to build your capital base at least to 25k or better 50k, to have the chance to use proper risk parameters and to make finally your living out off it.
This kind of honest explanations are very important for beginners, I mensioned the brokers propaganda in my previous post, because it sets certain expectations and attitude to trading in the heads of FX beginners. So while trying to meet these expectations new traders start using insane risk management and sooner or later get killed.

I want to add something to what MaMood has stated: All traders with small accounts ( capital that is not enough to bring food on the table every day, while using sane risk management) should percieve their trading as long-term investment, rather than means for earnig their living. As long as you are making more profits in percents than the banks could give you as interest on your capital, you are doing great and your efforts are not worthless. You are taking good care of your spare capital.
For example, 10% profit per month on a 1000 $ account is not enough to live by, but its far more than what banks could offer your.

Although most new traders would try to defy these honest explantions and go bust eventually, there still will be some who would understand them and spare themselves some blown accounts.Thus it's worth repeating that stuff from time to time

Glad to see leigh and fti so active lately

Regards, MyTbo
  • #25,743
  • Edited 5:41pm Jun 8, 2011 5:03pm | Edited 5:41pm
ok, finished prayer.
but cannot go back to sleep.
they reporting everywhere.

Stimulated heart cells could mobilise to repair a damaged heart, giving hope to heart attack victims

http://www.theaustralian.com.au/news...-1226072096413

maybe i volunteer be 1st lab rat.
now gotta take my meds first.

Wow thanks all my friends prayed for me. Now i have hope.
Thank you , Thank you, Thank you.
God bless all your lifes for your kindness.
  • #25,744
  • Jun 8, 2011 6:12pm Jun 8, 2011 6:12pm
Quoting fti
ok, finished prayer.
but cannot go back to sleep.
they reporting everywhere.

Stimulated heart cells could mobilise to repair a damaged heart, giving hope to heart attack victims

http://www.theaustralian.com.au/news...-1226072096413

maybe i volunteer be 1st lab rat.
now gotta take my meds first.

Wow thanks all my friends prayed for me. Now i have hope.
Thank you , Thank you, Thank you.
God bless all your lifes for your kindness.
Thank you FTI!
Maybe God is not finished with you yet? More work ahead.....
  • #25,745
  • Jun 8, 2011 6:26pm Jun 8, 2011 6:26pm
Quoting Jaro
Thank you FTI!
Maybe God is not finished with you yet? More work ahead.....
yes, maybe you are right.Jaro, Thank you.
our prayers are answered.

already can feel my heart beat.
and ringing loud in ears.
Now i better rest.
regards.
  • #25,746
  • Jun 8, 2011 6:44pm Jun 8, 2011 6:44pm
Folks, I collected my 350 pips for this run and I am taking off to NYC. I am flat. However, a look to my beloved is due. Enjoy it. Luis
Attached Image
Empty as water and soft as a facing wind mountain
  • #25,747
  • Jun 8, 2011 7:22pm Jun 8, 2011 7:22pm
Quoting MyTbo
This kind of honest explanations are very important for beginners, I mensioned the brokers propaganda in my previous post, because it sets certain expectations and attitude to trading in the heads of FX beginners. So while trying to meet these expectations new traders start using insane risk management and sooner or later get killed.

I want to add something to what MaMood has stated: All traders with small accounts ( capital that is not enough to bring food on the table every day, while using sane risk management) should percieve their trading...
Wow! This is erie! I was telling a friend today that I needed to get control over my
habit of over leveraging due to my account not being large enough to make a living with safely. Then I read this :
Quote
I want to add something to what MaMood has stated: All traders with small accounts ( capital that is not enough to bring food on the table every day, while using sane risk management) should percieve their trading as long-term investment, rather than means for earnig their living.

That seems to happen each time I have some light bulb moment.

Sure glad it happens though!

Good Trading
Mike
  • #25,748
  • Jun 8, 2011 8:23pm Jun 8, 2011 8:23pm
Quoting ukmanthailan
Hi fti. Very glad to hear you are feeling a bit better at the moment.

I don't know anything about spicy girls though.
I'm being a good boy now and spending my time at home with my new daughter.

She's 19 days old, very cute and very demanding - much like many other females!
(I attached a picture that I took in hospital when she was 2 1/2 days old, should anyone want to look)

EDIT: Nice Carabao video, cheers

Congradulations! Enjoy being a dad, it goes by fast

Good Trading
Mike
  • #25,749
  • Jun 9, 2011 3:02am Jun 9, 2011 3:02am
Thanks Mike, and everybody else, for your congratulations. If nothing else, my daughter will help with sleep deprivation training to prepare me for multi-day battles
  • #25,750
  • Jun 9, 2011 5:09am Jun 9, 2011 5:09am
Quoting ukmanthailan
Hi fti. Very glad to hear you are feeling a bit better at the moment.

I don't know anything about spicy girls though.
I'm being a good boy now and spending my time at home with my new daughter.

She's 19 days old, very cute and very demanding - much like many other females!
(I attached a picture that I took in hospital when she was 2 1/2 days old, should anyone want to look)

EDIT: Nice Carabao video, cheers
Congratulations! She is so cute!
  • #25,751
  • Jun 9, 2011 5:43am Jun 9, 2011 5:43am
Quoting fti
Hi ALL,

I have hope if i work on 10 year survival plans now.
Hello Fti,

great news to hear. Hope that your path to recovery evolves well.

Regards
  • #25,752
  • Jun 9, 2011 6:04am Jun 9, 2011 6:04am
hello,
1. London before the session opened a short position ...
2. later rescue ...
3. new position to continue the short ...

is profit ... position close .4566
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_londyn.jpg Size: 92 KB


good luck to all!
  • #25,753
  • Jun 9, 2011 7:40am Jun 9, 2011 7:40am
Hi Friends,

I love Mr Trichet.
Once again an opportunity for "technical Arbitrage".
Made ma a good amount of %.

  • #25,754
  • Jun 9, 2011 7:50am Jun 9, 2011 7:50am
Quoting MaMood
Hi Friends,

I love Mr Trichet.
Once again an opportunity for "technical Arbitrage".
Made ma a good amount of %.

I was wondering if your were working that crazy move.
  • #25,755
  • Jun 9, 2011 7:51am Jun 9, 2011 7:51am
Good morning Fti!
  • #25,756
  • Jun 9, 2011 7:54am Jun 9, 2011 7:54am
So John is in touch with tri
I cannot even see the prices.
good gosh,
you chaps better not trade this market
how on earth are you supposed trade when cannot even see quotes.
they fliping in 50 pips in nano seconds.
Better go real market]
this secondary market is become rediculous.
Real circus. stops both ways all triggered.


regards
  • #25,757
  • Jun 9, 2011 7:59am Jun 9, 2011 7:59am
how can you trade something you cannot even see
.
You hit and it can be 50 pips away from you.
This is truely only orderbook, and market maker is definately computer.
This market only for gambling only.
Show blotter
show stops,
shows buy in liquditdation.
The computer loves you.

regards

Thanks to GEfx and John , they already prep the market.
but poor small cap with stop scalping may be hurt.
I am sure all the buying onthe up pin all stops
no one hitting markets.
all stops. suckers market place already.
please remember this.
on charts you see nothing only a bar.
They really take retail traders for suckers , don't they.
quote wide and shade in nano seconds.
computer games.
  • #25,758
  • Jun 9, 2011 8:05am Jun 9, 2011 8:05am
Quoting fti
how can you trade something you cannot even see
.
You hit and it can be 50 pips away from you.
This is truely only orderbook, and market maker is definately computer.
This market only for gambling only.
Show blotter
show stops,
shows buy in liquditdation.
The computer loves you.

regards

Thanks to GEfx and John , they already prep the market.
but poor small cap with stop scalping may be hurt.

Hi fti,

yeah, crazy moves.

But especially retail brokers offer some good opportunities for arbitrage becuase of their technical short comings.

You just have to know, when to expect that kind of problems and you can shift the odds strongly in your direction.

I call it ZRT (=ZeroRiskTrading)

CU,
Niels
  • #25,759
  • Jun 9, 2011 8:10am Jun 9, 2011 8:10am
Quoting MaMood
Hi fti,

yeah, crazy moves.

But especially retail brokers offer some good opportunities for arbitrage becuase of their technical short comings.

You just have to know, when to expect that kind of problems and you can shift the odds strongly in your direction.

I call it ZRT (=ZeroRiskTrading)

CU,
Niels
i cannot even see quotes on 1 broker.
And i not even trading.
Arbitrage.
not likely.
maybe broking?
i cannot even see what the handle.
thought drop 100 pips when rally 25
in 1 quote flip.
at least if i talking with brokers , they need tell me handle.
Now i truely understand the structure of this secondary market.
  • #25,760
  • Jun 9, 2011 8:24am Jun 9, 2011 8:24am
oh also have some info for you.
someone here made big bucks, and broker closed his account.
Say "cannot service him."
he suspects they bleeding.

I wait see if he want to tell his story here.

regards
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