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Technical Analysis Fallacy

  • #29,501
  • Nov 29, 2011 1:54pm Nov 29, 2011 1:54pm
Quoting the redlion
......so i use the livermore strategy better, add to a position that confirmed my bias, at a correction, and place a stop loss at below standard deviations, or mental stop. sometimes i do rescue, but it is very rare nowadays.

how is the EUR/USD treating you?
the beagles have corrupted you....fall to the darkside, you have. I am not sure nanningbob will like the sound of that......
  • #29,502
  • Nov 29, 2011 2:00pm Nov 29, 2011 2:00pm
not at all, just running some mathematical risk assessment,

and by no means am i saying that one MUST ALWAYS put a stop loss, i think it all depends on market conditions, commitment of capital to such position and how far in loss we have allowed our selves to be, my take is that rescuing trades can be implemented but it increases your risk exposure exponentially

so i try a contingency measure only one if it is absolutely necessary, i feel that all tools out there have their merit and not closing our minds to them is beneficial.

change=growth
AVT INVENIAM VIAM AVT FACIAM
  • #29,503
  • Edited 2:21pm Nov 29, 2011 2:05pm | Edited 2:21pm
the darkside i sense in you....the darkside seduces you....slowly....and slowly....and slowly....but surely.

Inserted Video



Quoting the redlion
not at all, just running some mathematical risk assessment,

and by no means am i saying that one MUST ALWAYS put a stop loss, i think it all depends on market conditions, commitment of capital to such position and how far in loss we have allowed our selves to be, my take is that rescuing trades can be implemented but it increases your risk exposure exponentially

so i try a contingency measure only one if it is absolutely necessary, i feel that all tools out there have their merit and not closing our minds to them is beneficial.

change=growth...
  • #29,504
  • Nov 29, 2011 2:06pm Nov 29, 2011 2:06pm
Quoting the redlion


looks like the cocoa guy was trying to rescue, and got killed, that is why i normally try not to do stupid things like that anymore, if i find it better to make less money than lose more money.

so i use the livermore strategy better, add to a position that confirmed my bias, at a correction, and place a stop loss at below standard deviations, or mental stop. sometimes i do rescue, but it is very rare nowadays.

how is the EUR/USD treating you?
Livermore also went broke many times...
  • #29,505
  • Nov 29, 2011 2:26pm Nov 29, 2011 2:26pm
Quoting M-H Trader
Livermore also went broke many times...

i think didnt he shot himself at around age of 63...

V
  • #29,506
  • Nov 29, 2011 2:30pm Nov 29, 2011 2:30pm
he was suffering from depression as far as i know

but mental issues aside, he was a greater trader than ANYONE here on this forum (i mean the entire Forex Factory) could ever aspire to be.

one of the greatest of all time
AVT INVENIAM VIAM AVT FACIAM
  • #29,507
  • Nov 29, 2011 2:30pm Nov 29, 2011 2:30pm
Quoting indianguyinny24

i think didnt he shot himself at around age of 63...

V
Yep he that too. lol
  • #29,508
  • Nov 29, 2011 2:31pm Nov 29, 2011 2:31pm
Quoting the redlion
he was suffering from depression as far as i know

but mental issues aside, he was a greater trader than ANYONE here on this forum (i mean the entire Forex Factory) could ever aspire to be.

one of the greatest of all time

What you are trying to achieve redlion?

V
  • #29,509
  • Nov 29, 2011 2:33pm Nov 29, 2011 2:33pm
well "he went broke"

seems like trying to discredit the guy, is like saying Joe louis lost to marciano

i find his ideas on trading incredibly full of knowledge. i admire the guy, and you got to admit he was one of the greats, kinda like buffet.

not trying to achieve anything, just chatting.
AVT INVENIAM VIAM AVT FACIAM
  • #29,510
  • Nov 29, 2011 2:41pm Nov 29, 2011 2:41pm
Quoting the redlion
well "he went broke"

seems like trying to discredit the guy, is like saying Joe louis lost to marciano

i find his ideas on trading incredibly full of knowledge. i admire the guy, and you got to admit he was one of the greats, kinda like buffet.

not trying to achieve anything, just chatting.
never mind
  • #29,511
  • Nov 29, 2011 2:43pm Nov 29, 2011 2:43pm
Wasn't trying to discredit him just pointing his trading method was very risky.
  • #29,512
  • Nov 29, 2011 2:47pm Nov 29, 2011 2:47pm
yeah, he suffered from severe depression which made him self destructive, he himself admitted to that.

"if i could only stick to my methods" he would have been the greatest of all time, he had the need to blow himself to pieces for some reason.

at the end he committed suicide, unfortunate end to such a great speculator (that is really all we are, in truth, speculators)

i want to be like him.
so i can help poor people around the world.

i know i will, is just a matter of time, i just pray to god, that power doesnt corrupt me, and i end up being a destructive force instead of a constructive force.
AVT INVENIAM VIAM AVT FACIAM
  • #29,513
  • Nov 29, 2011 3:01pm Nov 29, 2011 3:01pm
i dont care what anybody says i ABSOLUTELY FUCKING LOVE jesse livermore. Read reminiscence over and over, dozen times.

(unfortunately, he killed himself. his wife....was married 5 or 6 times. all five husbands committed suicide. weird.)


Quoting the redlion
yeah, he suffered from severe depression which made him self destructive, he himself admitted to that.

"if i could only stick to my methods" he would have been the greatest of all time, he had the need to blow himself to pieces for some reason.

at the end he committed suicide, unfortunate end to such a great speculator (that is really all we are, in truth, speculators)

i want to be like him.
so i can help poor people around the world.

i know i will, is just a matter of time, i just pray to god, that power doesnt corrupt me, and i end up being...
  • #29,514
  • Edited 11:53pm Nov 29, 2011 10:18pm | Edited 11:53pm
Quoting fti
nothing much.vic,
we all just joining the chinese classics music revival only.
seems everyone likes chinese music.
zoran likes the girls.

regards

i just reread my post.
vic, you naughty.
I like the girls too.
whats there not to like.
They are young, vibrant, pretty, but most important discipline and meticulous.
Sings nice too.

Oh by the way,some recording beats even DTS.
they managed store clipping high frequencies? in mp4s?
engineering.


regards
  • #29,515
  • Edited 11:39pm Nov 29, 2011 11:16pm | Edited 11:39pm
now how does this deal sound?

Panda you write me call options 1.33 and 1.3250
I pay you the time premium and volatility premiums.
i just need 6 months get the thingy into shape.

pros
1.you have much at stake already.
2. With your size, if you hold markets not move , you make free volatility money.
3.When we get solid solution, CB will sell you all the euro you need to square.
4. we finally get rid of all those pesky speculators.

cons.
well if we fail find the key.
i won't be around.
You have reason dump all. Since you alreay have so much to dump, does it make any difference?

engineering at its best, even merc needs concede.
next 6 months traders need walk the streets huh??

regards

Would you like see my , we'll make those dang speculators "pay the premiums" instead deal?
ok ok, 1 deal at a time.
  • #29,516
  • Nov 29, 2011 11:49pm Nov 29, 2011 11:49pm
Quoting fti

i just reread my post.
vic, you naughty.
I like the girls too.
whats there not to like.
They are young, vibrant, pretty, but most important discipline and meticulous.
Sings nice too.

regards

I agree chief...

there is definately something in girls what we guys miss

V
  • #29,517
  • Nov 29, 2011 11:54pm Nov 29, 2011 11:54pm
Quoting indianguyinny24
I agree chief...

there is definately something in girls what we guys miss

V
high pitch?

regards
  • #29,518
  • Nov 30, 2011 12:03am Nov 30, 2011 12:03am
Quoting fti
high pitch?

regards

....


a song on girl

Inserted Video

V
  • #29,519
  • Edited 12:39am Nov 30, 2011 12:27am | Edited 12:39am
Good Morning Fti and Friends! Yeah, that question abt girls is neverendless. The world is not working without them. ECB has some witches meeting today. I have to tame myself "not thinking la fummdamentaly"... I need to surrender all predictiveness now from my unconsciousness. Tought and time-eating, but i know it is worth it.
- A question please : Should i let my trade explorer opened? There is really noise about it...i dont know if i have the mental power to ignore it (not let it influence my mindset, but on the other hand... am i weak? ). Not easy question imo... Now i am 15:15 if yes or no. Thank you
  • #29,520
  • Nov 30, 2011 1:24am Nov 30, 2011 1:24am
Quoting Fana
Good Morning Fti and Friends! Yeah, that question abt girls is neverendless. The world is not working without them. ECB has some witches meeting today. I have to tame myself "not thinking la fummdamentaly"... I need to surrender all predictiveness now from my unconsciousness. Tought and time-eating, but i know it is worth it.
- A question please : Should i let my trade explorer opened? There is really noise about it...i dont know if i have the mental power to ignore it (not let it influence my mindset, but on the other hand... am i weak?...
ai ya my friend.
Why do you make easy things so difficult?
Just no predict, just tell brain NO, allow mind to work.
Sorry i not know about trade explorer.
So i not have that problem.

regards
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