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Technical Analysis Fallacy

  • #32,521
  • Mar 29, 2012 3:40am Mar 29, 2012 3:40am
Hi Neils,

May I query you on the following please?

Quoting MaMood
[list][*]Whenever something supports your decisions scale in.
The "scale" here refers to time scale, and not position size scale?

Quote
[*]Do it for roughly one hour and then scale out.

Scale out to observe all the trade you have taken?

Quote
It gives me the room to be wrong with my rescues for at least 4 or 5 attemps, before I'm even close to my Max. alloed DD.

What does DD stand for?

Thanks!
  • #32,522
  • Mar 29, 2012 3:40am Mar 29, 2012 3:40am
Quoting imjscn
Maybe because I am a female, I never bother about public concerns.
Sometimes when Chief post comments that people may not take it in a pleasant way, I think, "ai ya, why bother".

But sometimes I think, if he didn't bother, where I could go to learn?

Last time when I had emotion burst, I received PM/email from TAF friends and strangers. I say "stranger" because I didn't even know their name. [b]They offered me prayers, encouragements, medical advices, job in Goldman Sachs, and Money. One of our TAF friend said,"if...
I am very touched by your msg. For a woman of few words, you are really very eloquent

I feel that we are a close family here. We may sometimes not agree with eachother on certain issues, but when it comes to the crunch, friends are always there to see you thru the sh!t.

Regards
  • #32,523
  • Edited 4:14am Mar 29, 2012 3:44am | Edited 4:14am
Quoting kinky
Hi Neils,

May I query you on the following please?



The "scale" here refers to time scale, and not position size scale?



Scale out to observe all the trade you have taken?



What does DD stand for?

Thanks!
Hi Kinky,

Niels may need a rest for the time being. Please allow me to help if you do not mind.

When he says scale in, his referring to scaling in in position size. i.e. increase of exposure.

And Scaling out means reducing exposure/squaring of position. It means to close your trades and see your performance for the trading period.

DD = Draw Down = realised losses.

regards

P.S. Niels, pse feel free to add/correct whatever I wrote at your convenience.
  • #32,524
  • Mar 29, 2012 4:43am Mar 29, 2012 4:43am
Quoting N_Trader
I feel that we are a close family here. We may sometimes not agree with eachother on certain issues, but when it comes to the crunch, friends are always there to see you thru the sh!t.
Regards

I didn't believe it, but it offered me more than I would expect from family.
  • #32,525
  • Mar 29, 2012 6:08am Mar 29, 2012 6:08am
Quoting imjscn
Thanks to Chief! Thanks to those that cares!
Sometimes may care too much, sometimes may cause misunderstanding. But, Thanks!
Yes, there is something very special about this thread and the friendships. fti continues to develop it and I personally continue to learn from his experiences. He is like a father guiding his children. I consider him my greatest mentor.



Time is flying and soon we will reach 5 years since it started. The thread is maturing.
  • #32,526
  • Mar 29, 2012 7:11am Mar 29, 2012 7:11am
Quoting Zoran
Yes, there is something very special about this thread and the friendships. fti continues to develop it and I personally continue to learn from his experiences. He is like a father guiding his children. I consider him my greatest mentor.



Time is flying and soon we will reach 5 years since it started. The thread is maturing.
Hi Zoran. Agree 100%
  • #32,527
  • Mar 29, 2012 8:40am Mar 29, 2012 8:40am
[quote=imjscn;5522572]Maybe because I am a female, I never bother about public concerns.
Sometimes when Chief post comments that people may not take it in a pleasant way, I think, "ai ya, why bother".

But sometimes I think, if he didn't bother, where I could go to learn?

Last time when I had emotion burst, I received PM/email from TAF friends and strangers. I say "stranger" because I didn't even know their name. They offered me prayers, encouragements, medical advices, job in Goldman Sachs, and Money. One of our TAF friend said,"if you need help, in any form,just let me know". No need to mention, what Chief has done for rescuing me.

I wouldn't expose their names here because their generous may attract crooks.

It was a brain washing experience for me-- I mostly don't bother things out of my window but they feel bothered, they opened their arms and resources for me when I was in difficulties.

Although I didn't take those nice people's offers except prayers, but I gained a priceless lesson-- There are people feel bothered, so, we have a TAF thread, so, I didn't feel hopeless in darkness alone, so on and on....................................................................................


Hi Jenny

Thanks for sharing. It's such a wonderful world with wonderful people, especially in this thread. Thank you Lord.

zz
  • #32,528
  • Mar 29, 2012 8:42am Mar 29, 2012 8:42am
Quoting indianguyinny24
Dont you guys think we should plan to meet somewhere...its been 5 years...we all kinda talk here more then we talk to some of our best friends and distant family members...

V
Though i've not been here from the beginning. But would love to meet you people.

regards

i don't do beer. Mamood can we settle for something else??

regards
  • #32,529
  • Mar 29, 2012 8:50am Mar 29, 2012 8:50am
Wow... to meet some of the greatest traders i've ever known

That will be a real honour

Beer and whatever drinks you like will be on me
  • #32,530
  • Mar 29, 2012 8:54am Mar 29, 2012 8:54am
Quoting N_Trader
Wow... to meet some of the greatest traders i've ever known

That will be a real honour

Beer and whatever drinks you like will be on me
let us first earn some $$$ so that we don't feel uncomfortable among TAFIANS.

regards
  • #32,531
  • Mar 29, 2012 8:56am Mar 29, 2012 8:56am
Quoting cuthbert
let us first earn some $$$ so that we don't feel uncomfortable among TAFIANS.

regards

I am sure we will be soon. Very soon

I think oktoberfest would be a good time for beer
  • #32,532
  • Mar 29, 2012 9:54am Mar 29, 2012 9:54am
Quoting indianguyinny24
Dont you guys think we should plan to meet somewhere...its been 5 years...we all kinda talk here more then we talk to some of our best friends and distant family members...

V
Sure, I'm in Brussels at the moment, London this weekend and then Belgrade next week. It's your choice.

On a more serious note, yes, we should organise a TAF party or maybe parties (depending on the continent)?

I would propose the date to be Nov 25 (the anniversary of the first post on TAF)? Maybe we can link each continent up via Skype or something similar. The host country for each continent could be determined by vote? What do you think?
  • #32,533
  • Mar 29, 2012 9:56am Mar 29, 2012 9:56am
Quoting N_Trader
Wow... to meet some of the greatest traders i've ever known

That will be a real honour

Beer and whatever drinks you like will be on me
Penfolds Grange for me thanks (That's red wine).
  • #32,534
  • Mar 29, 2012 10:11am Mar 29, 2012 10:11am
Quoting Zoran
Sure, I'm in Brussels at the moment, London this weekend and then Belgrade next week. It's your choice.

On a more serious note, yes, we should organise a TAF party or maybe parties (depending on the continent)?

I would propose the date to be Nov 25 (the anniversary of the first post on TAF)? Maybe we can link each continent up via Skype or something similar. The host country for each continent could be determined by vote? What do you think?

I agree if not real we can have some real and some virtual...people who can be together and other people can come on skype....

what a family which atleast doesnt meet once in a while...

V
  • #32,535
  • Mar 29, 2012 10:13am Mar 29, 2012 10:13am
Quoting indianguyinny24
I agree if not real we can have some real and some virtual...people who can be together and other people can come on skype....

what a family which atleast doesnt meet once in a while...

V
Vic you coming to Punjab sometime near??

regards
  • #32,536
  • Mar 29, 2012 10:27am Mar 29, 2012 10:27am
Quoting Zoran
Penfolds Grange for me thanks (That's red wine).
Right away Sir!

Put it on the tab

This sounds exciting. I will fly to anywhere to meet up with you folks

May have to bring my other half too.

She's been complaining that i'm giving TAF more attention

Attached Image
  • #32,537
  • Mar 29, 2012 10:32am Mar 29, 2012 10:32am
Quoting indianguyinny24
I agree if not real we can have some real and some virtual...people who can be together and other people can come on skype....

what a family which atleast doesnt meet once in a while...

V
I seconded that

Maybe we can organize a party for Chief?
  • #32,538
  • Mar 29, 2012 10:34am Mar 29, 2012 10:34am
Quoting indianguyinny24
I agree if not real we can have some real and some virtual...people who can be together and other people can come on skype....

what a family which atleast doesnt meet once in a while...

V
Yep, but I think we should have a main party (some location in the world where most can attend) and for those that can't, perhaps a continental version all hooked up via video conferencing.

25th of Nov is a Sunday this year.
  • #32,539
  • Mar 29, 2012 10:44am Mar 29, 2012 10:44am
Quoting Zoran
Yep, but I think we should have a main party (some location in the world where most can attend) and for those that can't, perhaps a continental version all hooked up via video conferencing.

25th of Nov is a Sunday this year.
I am thinking Europe

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  • #32,540
  • Mar 29, 2012 10:44am Mar 29, 2012 10:44am
Dear FTI,
I must say that reading through over 20 pages of this thread has been nothing short of a revelation.
I am currently in the stage of head in the hands and in complete indecision.
I started trading around 3 years ago when demand for my line of work started to decrease i wanted to find a substitional income to prop up the lack of steady income.
I tested all area's of the market and even re-trained as a stockbroker to get some info on how this all worked. It didn't work out and i am back to square one , except i am suffering more than ever from lack of income.
These are worrying times for me as i have 2 young children aged 1 + 2. Anyway i dont want this to turn into a depressing sob story , So yes i'm trading i have back tested probably most systems including formulating 2 of my own but i still have'nt found consistancy i have read over 50 or so different books on the subject but still always feel i am missing the point.
My question to you sir as both a time served trader and gentleman.
where am i going wrong! and which way next!
Yours graciously
Dan
In pace, ut sapiens, aptarit idonea bello.
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