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Technical Analysis Fallacy

  • #26,561
  • Jul 19, 2011 11:27am Jul 19, 2011 11:27am
fought tooth and nail today.......this was the first most tense fight by me......if such fights increase in frequency i don't know where will i be lead to......no loss though.....no profit either.

Bert
  • #26,562
  • Jul 19, 2011 1:10pm Jul 19, 2011 1:10pm
Quoting cuthbert
fought tooth and nail today.......this was the first most tense fight by me......if such fights increase in frequency i don't know where will i be lead to......no loss though.....no profit either.

Bert
Hi Cuthbert. There is a difference between people how they solve such situations. To recognize a risk and ability to solve the problematic situations is, what makes the difference between traders and non-traders. It is not a problem to close trade in nice profit... But ability to safe the account when in danger.../to be able to kill, to flip, to reload.... after waiting... , to be able not to hunt a loss "now"/...........
I still must stress, that we dont discuss risk management enough here! There are many discussions about types trades, fundament etc... but this is missing imo...

(example : 1,3,5 - failing, positions in - 12, 30 - failed, spike against - kill. /waiting/ 40more pips against - reload 42, closed at 90% recovery. but when reloading 42 troops, danger is .... kill will be....
  • #26,563
  • Edited 7:32pm Jul 19, 2011 7:20pm | Edited 7:32pm
Quoting Fana
Hi Cuthbert. There is a difference between people how they solve such situations. To recognize a risk and ability to solve the problematic situations is, what makes the difference between traders and non-traders. It is not a problem to close trade in nice profit... But ability to safe the account when in danger.../to be able to kill, to flip, to reload.... after waiting... , to be able not to hunt a loss "now"/...........
I still must stress, that we dont discuss risk management enough here! There are many discussions about types trades, fundament...
hi fana,
there is no need discuss anymore.
The MM is only available arsenal.
But is a double edge sword.
The mindset controls all.
That separate the men from the boys.
tweaking the sword does nothing , not unless the mindset is correct.
we can rehash the sword , till the cows comes home.
but if mindset is not developed, then only cut yourselfs.

cannot force must glide, with love and patience.
force and the recoil will damage you.
evil always forces, by nature evil always splash in the end.
Is a natural law. just watch those who forces, eyeballing uk now.


regards
  • #26,564
  • Jul 19, 2011 9:47pm Jul 19, 2011 9:47pm
hi Fana and Fti,

Knowing MM is only a chip in the ship, to implement it in the battlefield is yet another thing. After reading the thread and having the chance to attend Niels handheld sessions, I had a fair understanding of how that double edged sword works but the taste to implement it could only be felt yesterday.

yes you are right that p/l does not matter. I was not very good like most of you must have been in the battlefield but was good enough to protect the book. The concern is that, you know, i am feeling creepy that good God in heavens i might not be able to perform as such next time....the mindset thing...the most valuable asset of men with big guns in their hands and aspiration of boys with catapults at their disposal....can someone comment on that???

Bert
  • #26,565
  • Jul 20, 2011 1:00am Jul 20, 2011 1:00am
Quoting cuthbert
hi Fana and Fti,

Knowing MM is only a chip in the ship, to implement it in the battlefield is yet another thing. After reading the thread and having the chance to attend Niels handheld sessions, I had a fair understanding of how that double edged sword works but the taste to implement it could only be felt yesterday.

yes you are right that p/l does not matter. I was not very good like most of you must have been in the battlefield but was good enough to protect the book. The concern is that, you know, i am feeling creepy that good God in heavens...
I napped.

well the difference.
Big boys with big guns can shoot anytime they like.
Small boys with catapults need sneak up close and personal before shooting.
so make much higher risk.


regards
  • #26,566
  • Jul 20, 2011 2:55am Jul 20, 2011 2:55am
I agree with MM being more a mindset thing than a ratio/size thing. Only one trader can decide if he send a rescue to early or too soon, too big or too small. Depends on his determination on that particular battle and the health of his book.

I want to share that I started trading live this week implementing FTI's teachings (or my understanding of them). I feel that J16's advice of trying any tweak to your methodology for at least 3 profitable months on demo is good advice. Even more important, on this kind of strategies, is the ability to experience and coupe with potential wipe-account situations. Deciding when to commit, when to pull the plug and gaining confidence in the fact that winning most of the battles, wins the war unless you blow up your own arcenal...
  • #26,567
  • Jul 20, 2011 3:27am Jul 20, 2011 3:27am
Quoting tricello
I agree with MM being more a mindset thing than a ratio/size thing. Only one trader can decide if he send a rescue to early or too soon, too big or too small. Depends on his determination on that particular battle and the health of his book.

I want to share that I started trading live this week implementing FTI's teachings (or my understanding of them). I feel that J16's advice of trying any tweak to your methodology for at least 3 profitable months on demo is good advice. Even more important, on this kind of strategies, is the ability to experience...
good timing.

Its gonna be BIG either way. Thursday decides.


regards

Inserted Video
  • #26,568
  • Jul 20, 2011 5:04am Jul 20, 2011 5:04am
stressful times to trade......see what is it doing above 1.42....and that too before the summit.
  • #26,569
  • Edited 6:43am Jul 20, 2011 5:46am | Edited 6:43am
Quoting cuthbert
stressful times to trade......see what is it doing above 1.42....and that too before the summit.
be aware range in play is 1.4 to 1.5

money changers doing 1.40 /1.43
panda defends 1.41

when i took 14137 they must have thought i panda.
no chasing, tomollo EU need find resolve.
markets in directionless jibble.
volatility high and gapping due to thiness.
sigma off charts, gone crazy.
interbank refuses quoting and oanda servers switching on and off total eratic behaviours.
is going be killing fields soon.
Fear everywhere, even big boys no balls.

panda iterates that aud is not international; trade vehicle. They seems tp aud.
but i think at least it has yeilds, much better than the death bed usd with negative yields and under performing even japan who is grasping from natural disaster and their huamn cause ones. The EU peeps seems cannot find their way and stillpondering how to con their way out of impending financial disaster. Eurodollar(not euro, is usd non domincile us) markets had nearly died.

Just for education. the euro(the new european currency) in dealing circles is known as the E Q. Historically the usd was the man man of the street, so usd depos in London and europe are known as the euro aka eurodollar deposits. But the little educated like call the european currency, the euro , so be it. Now that the usd had lost its status, we need reinvent the world financial system, lest the world stops international trade. Maybe we can go back to barter trading. But oil for blood is not a good deal.
  • #26,570
  • Jul 20, 2011 6:41am Jul 20, 2011 6:41am
Quoting fti
be aware range in play is 1.4 to 1.5
money changers doing 1.40 /1.43
panda defends 1.41
Just for education. the euro in dealing circles is known as the E Q. Historically the usd was the man man of the street, so usd depos in London and europe are known as the euro aka eurodollar deposits. Now that the usd had lost its status, we need reinvent the world financial system, lest the world stops international trade.
now panda may take a stance at 1.42. Much pips in between 1.4 and 1.5 for the nimble men and boys with guns and slingshots respectively.

thanks for education cheif
  • #26,571
  • Edited 7:37am Jul 20, 2011 6:50am | Edited 7:37am
Quoting cuthbert
now panda may take a stance at 1.42. Much pips in between 1.4 and 1.5 for the nimble men and boys with guns and slingshots respectively.

thanks for education cheif
cuthbert
why would they restance at 1.42?
they not in this for trading profits, they in to protect their invested interest only. think again.

If euro or cable becomes too strong, they only imports inflation, which is already hovering at dangerous levels. Cannot allow galloping inflation , so there will be cap. But as traders no need get into the nitty grittys, just flow with market, but beaware of illquidity. I am ashamed big boys have no handle where the markets are at. Totally ashamed. Everyone only seems to be scalping, esp big boys. Just only trying make their salaries? For now, seems even money changers outperforming the bigs, thanks to tourist.

I let yamamoto san tell you about the male thingy.

Inserted Video


regards
  • #26,572
  • Edited 9:44am Jul 20, 2011 7:38am | Edited 9:44am
Quoting fti
cuthbert
why would they restance at 1.42?
they not in this for trading profits, they in to protect their invested interest only. think again.

If euro or cable becomes too strong, they only imports inflation, which is already hovering at dangerous levels. Cannot allow galloping inflation , so there will be cap. But as traders no need get into the nitty grittys, just flow with market, but beaware of illquidity. I am ashamed big boys have no handle where the markets are at. Totally ashamed. Everyone only seems to be scalping, esp big boys....
on one hand they are keeping euro and on the other they say US to boost confidence in $.
big boys may not have hand in current scenario but big brother definitely has its arm in it.

Bert
  • #26,573
  • Edited 9:17am Jul 20, 2011 9:03am | Edited 9:17am
panda !!
hate it when they sneaking up on me like that
  • #26,574
  • Jul 20, 2011 9:22am Jul 20, 2011 9:22am
Quoting fti
panda !!
hate it when they sneaking up on me like that
yeah.. 4200 front line [line of fire] last 2 days..
  • #26,575
  • Jul 20, 2011 9:31am Jul 20, 2011 9:31am
Quoting piccolo
@fti last but not least. Was Gro the smallcap that hit the asphalt? Whoever it was must answer to his/her own greed and stupidity. You should in no way feel responsible. Pain is a great teacher, maybe the best for some. Anybody with a sound mind knows that following other traders trades is a suicide for the account. If not, then lesson learned. fti, you need the energy for yourself and putting any kind of burden on you is selfish, irresponsible and even reckless. Maybe its best that I don't know the smallcaps name.. makes me really angry....
exactly ...
  • #26,576
  • Jul 20, 2011 9:33am Jul 20, 2011 9:33am
Quoting fti
Ai ya , is gas leak from wine?
The french say they have safest facilities in the world.
When germany switched off nuke facilities, french minister even laughed at them.
lucky i not short .

regards

ok , now i go dump my waste, also a lot of gas.
Any one in europe ,see large mushroom like upward pushing cloud that is abnormal please inform us?
Gro, now is time take out your gadget. Make sure have batteries. Is AAA+ type batteries, same as some countries credit rateings?
Now where's my condoms, gotta store some water again.

Good...
Thank you for AOW ... and no worries.
  • #26,577
  • Jul 20, 2011 9:34am Jul 20, 2011 9:34am
Quoting Gro
exactly ...
Welcome back...

V
  • #26,578
  • Jul 20, 2011 9:41am Jul 20, 2011 9:41am
Quoting indianguyinny24
Welcome back...

V
"go a far way ... means returning"
  • #26,579
  • Jul 20, 2011 9:44am Jul 20, 2011 9:44am
Quoting fti
be aware range in play is 1.4 to 1.5

...The EU peeps seems cannot find their way and stillpondering how to con their way out of impending financial disaster. Eurodollar(not euro, is usd non domincile us) markets had nearly died.
...
FTI..."You The Man!" Your ability to feel the market's pulse always leaves me speechless. I know I don't post very often, that's because I'm still learning. Working my way through my second reading of the first 200 pages and skimming the other pages just in case there are any golden nuggets here and there.

Last month the FED quietly extended it's US Dollar Liquidity Swap lines with the BOC, BOE, ECB, and SNB. I saw this as an act of desperation and I figured the Eurodollar market was in trouble. They are trying to resuscitate a patient that is slowly dying in their arms.

http://www.federalreserve.gov/newsev.../20110629a.htm

PS: I still don't know how to "dance" yet...I have two left feet and many scorpions Still have a lot of work to do. I always think of Robert Frost's Poem

"The woods are lovely, dark, and deep,
But I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep."

Thanks,

~Amanah
  • #26,580
  • Edited 10:38am Jul 20, 2011 10:27am | Edited 10:38am
Quoting Amanah
FTI..."You The Man!" Your ability to feel the market's pulse always leaves me speechless. I know I don't post very often, that's because I'm still learning. Working my way through my second reading of the first 200 pages and skimming the other pages just in case there are any golden nuggets here and there.

Last month the FED quietly extended it's US Dollar Liquidity Swap lines with the BOC, BOE, ECB, and SNB. I saw this as an act of desperation and I figured the Eurodollar market was in trouble. They are trying to resuscitate a patient that...
hi Amanah
thanks for read, i only suspected.

sorry late to reply.
was busy with name switches, the bank cannot do the name and we ran smack into them. So had to pull some strings. its nice have friendly brokers.


regards
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