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Technical Analysis Fallacy

  • #28,921
  • Nov 11, 2011 1:29am Nov 11, 2011 1:29am
Quoting indianguyinny24
any idea for this USD bear....

who is muscling this USD bear Run....




V
Doesn't look like a strong bear to me... pulling back now
  • #28,922
  • Nov 11, 2011 2:26am Nov 11, 2011 2:26am
Quoting j-pax
because it's my last actiive day i restarted my laptop for you,,,
you said you trade 50 times 10.000 troops... since your account is 1000 usd i think 1 troop is 10.000 usd and today with 50 "positions" i think fxcm alows 1:500 leverage ..... i said a couple of times i you should switch to a broker wich allows you to cut your 1000$ in 1000 units so you can manage your money. i now think you should go to a demo account and study hard FIRST!!

edit: or you end up...
Hey Pax, take it easy. 1 troop = 100th of $10.
I have explained it before.
  • #28,923
  • Nov 11, 2011 2:59am Nov 11, 2011 2:59am
Quoting indianguyinny24
any idea for this USD bear....

who is muscling this USD bear Run....




V
this is one strong guy buying....

V
PS: might not get any sleep office in 4 hours...
  • #28,924
  • Nov 11, 2011 10:49am Nov 11, 2011 10:49am
Quoting indianguyinny24
this is one strong guy buying....

V
PS: might not get any sleep office in 4 hours...
i hope people are safe here today... i was able to doge the bullet and closed the book with profit...


V
  • #28,925
  • Nov 11, 2011 8:26pm Nov 11, 2011 8:26pm
Quoting indianguyinny24
i hope people are safe here today... i was able to doge the bullet and closed the book with profit...


V
Great job V!

I also took the short position, but managed to get out with little profits before the bulls came.
  • #28,926
  • Nov 12, 2011 3:29pm Nov 12, 2011 3:29pm
Hi Friends!

Very calm and silent here.
Seems everyone has no time because of rereading the thread

Found a nice statement of Jim Rogers:

"You have to learn how to lose; it is more important than learning how to win. If you think you are always going to be a winner, when you lose, you will develop feelings of hostility and end up blaming the market instead of trying to learn why you lost. Limit losses quickly.. "

Havind said this, I wish you a relaxing weekend!

CU,
Niels
  • #28,927
  • Nov 12, 2011 7:29pm Nov 12, 2011 7:29pm
Quoting MaMood
Hi Friends!

Very calm and silent here.
Seems everyone has no time because of rereading the thread

Found a nice statement of Jim Rogers:

"You have to learn how to lose; it is more important than learning how to win. If you think you are always going to be a winner, when you lose, you will develop feelings of hostility and end up blaming the market instead of trying to learn why you lost. Limit losses quickly.. "

Havind said this, I wish you a relaxing weekend!

CU,
Niels
To you too mate. And I am going to add this:

"Have not fear of perfection -you'll never reach it"
Salvator Dali'

mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,928
  • Nov 12, 2011 7:50pm Nov 12, 2011 7:50pm
Quoting MaMood
Hi Friends!

Very calm and silent here.
Seems everyone has no time because of rereading the thread

Found a nice statement of Jim Rogers:

"You have to learn how to lose; it is more important than learning how to win. If you think you are always going to be a winner, when you lose, you will develop feelings of hostility and end up blaming the market instead of trying to learn why you lost. Limit losses quickly.. "

Havind said this, I wish you a relaxing weekend!

CU,
Niels

Nice quote

May you have a great week ahead!

Regards
Jonathan
  • #28,929
  • Nov 13, 2011 2:25am Nov 13, 2011 2:25am
Hi Friends,

I hope you all are enjoying a good weekend. Just because the things presented in TAF are simple, my complex mind which like to make simple things complex, makes me read it over and over again.

Regards

Bert
  • #28,930
  • Nov 13, 2011 6:19am Nov 13, 2011 6:19am
hi bert

maybe you are trying to understand to many things at once so that is leading you to over complicate things, i found it easier to break the thread down and only concerntrate on one thing at a time, get it right them re-read to understand the next thing, i broke it down like entry-exit-identifing trend-identifing when the time frame trends align-scout entry-attach-rescue, ect, it may just be because i am dyslexic and i find it easier to do this with most things that i read, but may be worth a go this way for others here, the other thing i found helpful was to have rules when i messed up that would for instance make me not trade and just watch for a set time (usally at least 1 week) or until i knew why i messed up, then practice in demo so i know i had got it, its a bit like a punishment for not doing what i was told (using the market as my teacher), fear of not being able to trade for at least a week (and i was very strict with myself about this) kept me from making the same misktake to many times and also kept me in check with the rest of it all.

i tried to train my mistakes/faults out of me with practice, practice and more practice or punishment and eventually i believe my mind accepted that this is not that complex, i no longer look to deeply into why the market moves the way it does or care to even guess/predict what will happen, i just try to be on the advancing army's side, its pips not price that matters in this and you should not care where you capture them from.

we learn quicker if someting hurts us just like any other animal.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #28,931
  • Nov 13, 2011 9:30am Nov 13, 2011 9:30am
Quoting phil13
hi bert

maybe you are trying to understand to many things at once so that is leading you to over complicate things, i found it easier to break the thread down and only concerntrate on one thing at a time, get it right them re-read to understand the next thing.......
Phil.
Hi Phil,

Segregation is one good way of understanding one thing at a time. But when you learn different things, even one by one, you need to synthesize them. Isn't it? So reading and re-reading is natural. You seem to be at par when it comes to discipline. And yes practice is the way to go.

Regards
Bert
  • #28,932
  • Nov 13, 2011 6:18pm Nov 13, 2011 6:18pm
already made my good pips for morning.
sold e 1.3783 bot 1.3773
now for morning wobble (walk).
  • #28,933
  • Nov 13, 2011 6:24pm Nov 13, 2011 6:24pm
Quoting fti
already made my good pips for morning.
sold e 1.3783 bot 1.3773
now for morning wobble (walk).
Well done mate.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,934
  • Nov 14, 2011 9:16am Nov 14, 2011 9:16am
Wats good people I am right now in south korea on exchange. Enjoying a lot playing taekwondo a lot traveling around, but I hate curphew they lock me form 11 pm to 5 am idiots. Even got small job as english teacher and I am going back home next month. As I experienced here professional tkd life, I shoudl start thinkign aboput my future as investment banker Fti you have some friends working in investment banks in seoul, I can meet with. I wanna see hws life there, as we dnt hv big banks in my country. all best
  • #28,935
  • Nov 14, 2011 10:28am Nov 14, 2011 10:28am
Quoting fti
Where the prudence?
Come think about it , i know why.
Is because of the computer industry.
Since the start of this computer thingy, the new business model is "BUNDLING".
They like bundle things they cannot sell with the good stuff to push to the consumers.
Even banks began doing same. Forcing depositors with tricks to keep all their money in one.
Different entitys have different corp culture, different management, differences in strengths and weaknesses.
But now everybody need buy bundles.Because all sorts of shit get bundled to your lifes.
Anyone...
All I can say is, not everything taught at university is correct. Marketing teaching you irrationality and why people go for these bundles, unfortunately marketing also has a myopic view of this and doesn't say what the long term outcome of such actions will likely be. This whole bundling business always smelt funny... you know what they say... never get anything for free and the only mystery was figuring out what the payment was.
  • #28,936
  • Nov 14, 2011 10:29am Nov 14, 2011 10:29am
Quoting fti
already made my good pips for morning.
sold e 1.3783 bot 1.3773
now for morning wobble (walk).

Nice work chief

Hope to see you around more often.
  • #28,937
  • Nov 14, 2011 2:25pm Nov 14, 2011 2:25pm
Happy trading day to everyone. Been a long day since London open. London was great trading the euro; euro kind of went to sleep for NY (at least for me). Hope you are all trading well, the thread has been quiet these last few days. fti, are you feeling better? Wondering how much of the euro is left in the next six months. Take care everyone.
  • #28,938
  • Nov 15, 2011 12:19am Nov 15, 2011 12:19am
Hi Gefx,

yes markets behaving badly already with so many wildcards playing, peeps very risk adverse.
This terrain only punters dare thread.
I punt a little and made some pips on large quickies.
I am ok, except that energys very low and no stamina, also being told i getting become cranky old man.
Nothing much happening on my front, except many friends seems falling sick and 1 more family died.
I am very sickly, but beats dying, doesn't it?

I sure hope all the experts start putting their heads together find a solution for the euro.
Otherwise what else can peeps trade for a living. Definately not sea shells.

regards
  • #28,939
  • Nov 15, 2011 12:28am Nov 15, 2011 12:28am
Quoting fti
Hi Gefx,

yes markets behaving badly already with so many wildcards playing, peeps very risk adverse.
This terrain only punters dare thread.
I punt a little and made some pips on large quickies.
I am ok, except that energys very low and no stamina, also being told i getting become cranky old man.
Nothing much happening on my front, except many friends seems falling sick and 1 more family died.
I am very sickly, but beats dying, doesn't it?

I sure hope all the experts start putting their heads together find a solution for the euro.
Otherwise...

feel better chief...and sorry for your family....


V
  • #28,940
  • Nov 15, 2011 1:11am Nov 15, 2011 1:11am
Dear Friends. I found one mistake that i think is important by myself. It is effect of lets say "PUSHING A CART" of acc equity.
- When i have succesfull line of trades, i just tend not to take proper DD like the good ingredience of trading, but only trying to push my equity higher... Steps up are smaller and smaller... Like my brain is telling me... "dont spoiul it, just one small piece... ". And of course after some time this must crash...
Fti, thats great you just slowly and pationly develop your health... It is not matter of one year, but you have to make some "Komunist 5year term" - like myself, becouse my right hand muscle is not connected by nerve, so i have 85% only of my hand... But nevermind and if i lose that nerve, fu*k that, go ahead, never back. Regards
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