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Technical Analysis Fallacy

  • #30,201
  • Jan 22, 2012 12:18am Jan 22, 2012 12:18am
idk, I'll know when I travel to nyc. They generally hire already experienced dealers so I guess their MO all varies. Boston's chief mentioned that some watch levels and occasionally technicals, but that was as specific as he got.

Is the taf mo difficult to translate to dealer mo?


Quoting fti
i am glad for you.
now don't go teaching them from their devices. Only if they really want to learn.
We ants still need have victims stay alive.
They are working towards being king of the hill.

By the way, i am curious, any spot peeps or chiefs there behaves like me? MO wise i mean.

you asked
"BUT if these academics understand the risks, then why is scorpion the center of active risk taking?"
answer is lack of market experiecnce+exposure+ some pressures for perform.

leverage is ok, they probably have some big guns...
  • #30,202
  • Jan 22, 2012 2:01am Jan 22, 2012 2:01am
Quoting dongsky
Hi fti,
-------
just wishing you better health; you're still in my prayers. and just want to tell you that i already started giving away some of my profits to the needy - as i had promised you last year...


Lesson well learned and job well done.

Rgs,
Baifu
  • #30,203
  • Jan 22, 2012 5:03am Jan 22, 2012 5:03am
Found this documentary called billion dollar day. Shows how dealing currency was like and how crazy it can get. As FTI always points out to us never trade the market for ego . Here Chris Pavlou describes one of dealer named Richard that what makes him a great trader is that when he is trading he has no ego. He knows when he is wrong. He doesn't trade for his ego.

Another thing I found interesting was how on the telephone of one of the traders the following message was written " Don't get mad get even".

It also show how they take covert mission when buying and selling really interesting to see.

This is the link to documentary its broken down in 5 parts. It a good watch.
Inserted Video


This is the part where Chris talk about his dealer Richard
Inserted Video
  • #30,204
  • Jan 22, 2012 5:45am Jan 22, 2012 5:45am
Quoting fti
Zoran, thank you.
I know you had found the way already.
How are you doing in terms of trades?

Happy new year.

regards
Hi fti, happy new year to you too. All is going well. It is a very personal journey for me so I tend to keep quiet as this helps me tame the ego and scorpions.

The life lessons are being passed on, to my family and children. I thank you once again for sharing your wisdom.

I'm glad to see many new people discover this thread also. Your efforts won't go to waste and I'm glad you are still here with us. The journey has been amazing so wishing you the best of health. Happy birthday for the other day also!
  • #30,205
  • Jan 22, 2012 5:55am Jan 22, 2012 5:55am
Quoting Zoran
Hi fti, happy new year to you too. All is going well. It is a very personal journey for me so I tend to keep quiet as this helps me tame the ego and scorpions.

The life lessons are being passed on, to my family and children. I thank you once again for sharing your wisdom.

I'm glad to see many new people discover this thread also. Your efforts won't go to waste and I'm glad you are still here with us. The journey has been amazing so wishing you the best of health. Happy birthday for the other day also!
Oh My Goodness, Unbelievable Zoran.
This the most important lesson dealers learn when on desk.
"Do not distract the mind with mouth while trading."
Is incredible you figured this one out all on your own.
When in battlestations, we never use mouth unless someone is going get @#$%^.
is all eyes and hands.

was typing out a story about this for fullperson, because he is about to hit the desk in ny soon. And suddenly you came with it. Explains why you have been very quiet lately, in meditation mode


regards
  • #30,206
  • Edited 7:50am Jan 22, 2012 6:29am | Edited 7:50am
@ fullperson,
because you will be hitting the desk soon.

Code of conduct.
-------------------
MY Word is MY Bond.
honour all hits, you default 1 and is going be end of your career.

Dealers Etiquette.
----------------------

This you must learn to do,when you arrive at desk. Every experienced dealer knows this routine.

clean dealing console.
get big cup of coffee.cover coffee, keeps it warm for longer.( try drink coffe without sugar, you not want get sugar hype while trading.) also keeps diabetes away longer.
clear ashtray.
put 3 packets cigarettes on dealing desk.every pack should have its own lighter, just incase you get urge smoke a couple at the same time.or may like stuff one in each ear if things gets too hairy. or hostrils , depends on you inclination.

sharpen all 10 pencils, this you will need to throw at anyone who disturbs you and for stabbing anyone who trys touch your console.
ready blotter & calculator. ( learn how to use calculator without having to look at it in your free time.)
beside blotter prepare dictionary, the most vulgar edition is the best.
switch on your international linked broker boxes. These you listen to, to get indication what all other clowns around the world is doing.

when ready, go toilet empty everything.
then back to desk.
now you are ready.

meditate this story in your head, then you can start.

-------------------------------------------------------------
Once upon a time , long long ago in china,
a little bird was flying about in the sky looking for his lunch.
When suddenly,the sky turned dark and began to rain.
the bird got drenched wet and fell to the ground.
All the while chipping chipping in disgust.
as it fell it injured its wings,
and in fact fell into a big lump of cowdung.
What a damning day it thought. chipping away.

Shivering, all wet, cold and hungry, with injured wing and stuck on the cowdug ,
it thought only dang good thing today is that at least the cowdung was a little warm.
But the smell was unpleasant. So it start complaining chipping away even louder.
While the bird was chipping away stuck in the cow dung,
in the vicinity was a hungry cat.
Upon hearing all the chipping commotion it approached the noisy bird and had itself lunch.

Moral of the story for dealers:

Sometimes things are unpredictable.
and one can get caught in very unpleasant circumstances.
And especially in such circumstance ,one must stay cool and not make too much noise.
Because sometimes in the vicinity may be lurking hungry cats.

Be aware although sometimes we may be in shit.
Its wiser keep mouth shut.
someone else in your vicinity may be fighting for his dang life.
So try not lure them come chew your head off.

Godspeed
regards

PS: you may disregard the bird story , if you are king of the hill there.
Make sure that you are the only Lion on that hill , before taking the chance.
  • #30,207
  • Jan 22, 2012 7:33am Jan 22, 2012 7:33am
Quoting fti
@ fullperson,
because you will be hitting the desk soon.

Code of conduct.
-------------------
MY Word is MY Bond.
honour all hits, you default 1 and is going be end of your career.

Dealers Etiquette.
----------------------

This you must learn to do,when you arrive at desk. Every experienced dealer knows this routine.

clean dealing console.
get big cup of coffee.cover coffee, keeps it warm for longer.( try drink coffe without sugar, you not want get sugar hype while trading.) also keeps diabetes away longer.
clear ashtray.
put...
Noted.......except i have to find some alternative to cigarettes.......
  • #30,208
  • Jan 22, 2012 7:36am Jan 22, 2012 7:36am
Quoting fti
PS: you may disregard the bird story , if you are king of the hill there.
Make sure that you are the only Lion on that hill , before taking the chance.
I think that last line sums it up for me. I am definitely no king on the hill so I have to keep the distractions to a minimum. I can do without unnecessary exposure and deception.

All the best to fullperson!
  • #30,209
  • Jan 22, 2012 7:57am Jan 22, 2012 7:57am
hi fti, it is good to see you posting with what looks like renewed spirit.
belated happy birthday and CNY.
that bird story made me laugh, it is so true of many things that happen during our lives though.

i found this last week, for my continuing personal journey it is true and it also made me laugh when i read it, i believe i am at stage 4. do not read this if you do not want to know how much time and dedication to screen hours you must have to get on the right path.

http://www.forexfactory.com/showthread.php?t=3156

good luck with the new job fullperson.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #30,210
  • Edited 8:28am Jan 22, 2012 8:11am | Edited 8:28am
Quoting phil13
hi fti, it is good to see you posting with what looks like renewed spirit.
belated happy birthday and CNY.
that bird story made me laugh, it is so true of many things that happen during our lives though.

i found this last week, for my continuing personal journey it is true and it also made me laugh when i read it, i believe i am at stage 4. do not read this if you do not want to know how much time and dedication to screen hours you must have to get on the right path.

http://www.forexfactory.com/showthread.php?t=3156

good...
phil.
I invented forex.:rofl :: rofl:
Actaully i invented derivative forex as well.
is known as futures.
but the cream is in synthetics.

ya i can just see it, the begining of my downfall.

Have you seen the "man with a big cock?"
I'll post the picture when this page fiips.
my word is my bond.

regards
  • #30,211
  • Jan 22, 2012 8:30am Jan 22, 2012 8:30am
Quoting fti
phil.
I invented forex.:rofl :: rofl:
Actaully i invented derivative forex as well.
is known as futures.
but the cream is in synthetics.

ya i can just see it, the begining of my downfall.

Have you seen the "man with the big cock?"
I'll post the picture when this page fiips.
my word is my bond.

regards
no i have not seen that one, will it improve my trading or just make me go blind

regards

phil.
-be careful about what you allow to be put in your mind-
  • #30,212
  • Edited 9:06am Jan 22, 2012 8:35am | Edited 9:06am
Quoting phil13
no i have not seen that one, will it improve my trading or just make me go blind

regards

phil.
maybe, but surely will make some think about the hows?
but surely some one not likes me. sends me stuff like that in my email and manages hide sender email.
but is ok is not so bad.looks decent enough.

regards
  • #30,213
  • Jan 22, 2012 8:54am Jan 22, 2012 8:54am
Quoting fti
@ fullperson,
because you will be hitting the desk soon.

Code of conduct.
-------------------
MY Word is MY Bond.
honour all hits, you default 1 and is going be end of your career.

Dealers Etiquette.
----------------------

This you must learn to do,when you arrive at desk. Every experienced dealer knows this routine.

clean dealing console.
get big cup of coffee.cover coffee, keeps it warm for longer.( try drink coffe without sugar, you not want get sugar hype while trading.) also keeps diabetes away longer.
clear ashtray.
put 3 packets cigarettes...
  • #30,214
  • Jan 22, 2012 9:30am Jan 22, 2012 9:30am
Oh we not there yet.

next time , anyone want send me message.
At least make it clearer.

Any way i 'll try bump the page forward post it.
Need keep my word.
  • #30,215
  • Jan 22, 2012 9:33am Jan 22, 2012 9:33am
this just like manipulating markets.

nope no hit stops yet.
  • #30,216
  • Jan 22, 2012 9:36am Jan 22, 2012 9:36am
Quoting fti
@ fullperson,
because you will be hitting the desk soon.

Code of conduct.
-------------------
MY Word is MY Bond.
honour all hits, you default 1 and is going be end of your career.

Dealers Etiquette.
----------------------

This you must learn to do,when you arrive at desk. Every experienced dealer knows this routine.

clean dealing console.
get big cup of coffee.cover coffee, keeps it warm for longer.( try drink coffe without sugar, you not want get sugar hype while trading.) also keeps diabetes away longer.
clear ashtray.
put...
this will surely do it.
i don't want like wait another hour?
maybe best wait another hour.
patience
hope i not get banned for doing this rubbish
  • #30,217
  • Jan 22, 2012 9:42am Jan 22, 2012 9:42am
hope i have not got caught in a sweep!
-be careful about what you allow to be put in your mind-
  • #30,218
  • Jan 22, 2012 9:45am Jan 22, 2012 9:45am
nope you not hitting stops yet
  • #30,219
  • Jan 22, 2012 9:47am Jan 22, 2012 9:47am
Here let me try.


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  • #30,220
  • Jan 22, 2012 9:48am Jan 22, 2012 9:48am
LOL that didn't do it either..........
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