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Technical Analysis Fallacy

  • #33,461
  • May 9, 2012 9:49am May 9, 2012 9:49am
Quoting simpleman
me, just a small dance, already closed some and left the original to play.
well done, bro!

Way to go. I suspect a bit of overtrading on my part... fear to pull the trigger. Seems some scorpions creeping in.
  • #33,462
  • May 9, 2012 10:13am May 9, 2012 10:13am
Quoting N_Trader
well done, bro!

Way to go. I suspect a bit of overtrading on my part... fear to pull the trigger. Seems some scorpions creeping in.
no worries my friend, getting there slowly .
  • #33,463
  • May 9, 2012 10:50am May 9, 2012 10:50am
knowledge without experience is nil ,,,

the experience without knowledge is blind

the knowledge knows both ,, what man know ,,, and what they don't

regards
  • #33,464
  • May 9, 2012 11:09am May 9, 2012 11:09am
Oh yea! and hitting it like there is no tomorrow !
i squared at 19 though.

Quoting N_Trader
Today, I failed to attack. Just watching the market running away

Anyone dancing today?
  • #33,465
  • May 9, 2012 11:32am May 9, 2012 11:32am
we admire the strength of youth and respect the grey hair of age

good night

go sleep

regards
  • #33,466
  • May 9, 2012 11:46am May 9, 2012 11:46am
Quoting daytek
Oh yea! and hitting it like there is no tomorrow !
i squared at 19 though.
Very well done!

May tomorrow be a better day.

Good nite my fren.

Regards
  • #33,467
  • May 9, 2012 11:49am May 9, 2012 11:49am
Quoting N_Trader
Today, I failed to attack. Just watching the market running away

Anyone dancing today?

You weren't alone. I missed the first impulse myself. Looked away and BAM!

So I sold on the bounce of next bar. Then been 2 stepping with her since.

Squared now with my fair share.

May try one more quick dance before NY closes.

Good Trading
Mike
  • #33,468
  • Edited 3:38pm May 9, 2012 12:42pm | Edited 3:38pm
Quoting sumakianlee
knowledge without experience is nil ,,,

the experience without knowledge is blind

the knowledge knows both ,, what man know ,,, and what they don't

regards
Try knowledge without believe and the experience will be ...?
(and experience is what?)
  • #33,469
  • May 9, 2012 4:37pm May 9, 2012 4:37pm
Quoting N_Trader
but narrow is the path that leads to life
Welcome life :o)
  • #33,470
  • May 9, 2012 7:47pm May 9, 2012 7:47pm
China Investment Corp. has stopped buying European government debt because of an economic crisis on the continent.

http://www.bloomberg.com/news/2012-0...oncern-1-.html

goodnight. now dark bottomless pit.
  • #33,471
  • May 9, 2012 7:56pm May 9, 2012 7:56pm
Quoting tubguy
You weren't alone. I missed the first impulse myself. Looked away and BAM!

So I sold on the bounce of next bar. Then been 2 stepping with her since.

Squared now with my fair share.

May try one more quick dance before NY closes.

Good Trading
Mike
You're getting better and better, Mike
Gonna scalp her for some small pips this morning.

Looking for some correction towards the upside. See how it goes...

Cheers
N
  • #33,472
  • May 9, 2012 8:42pm May 9, 2012 8:42pm
if this article's purpose is to "inform".. oh lord!

Quoting fti
China Investment Corp. has stopped buying European government debt because of an economic crisis on the continent.

http://www.bloomberg.com/news/2012-0...oncern-1-.html

goodnight. now dark bottomless pit.
  • #33,473
  • May 9, 2012 8:56pm May 9, 2012 8:56pm
Quoting N_Trader
You're getting better and better, Mike
Gonna scalp her for some small pips this morning.

Looking for some correction towards the upside. See how it goes...

Cheers
N
Thanks for the compliment N_Trader!

Ended the day with a bit over $3 trading pennies. Did hit with a nickel a few times on the third level. No losses, So I am pretty pleased with the way it went.

Think I am starting to finally get a feel for the old girl.

Some probly laugh at me for trading pennies but MaMood gets credit for suggesting it. Makes sense to learn small and scale in.

Thanks MaMood.

P.S. Note to Fti. I am watching my ego very closely. No big head for me,
only humble pie.

Good Trading
Mike
  • #33,474
  • May 9, 2012 9:12pm May 9, 2012 9:12pm
Quoting tubguy
Thanks for the compliment N_Trader!

Ended the day with a bit over $3 trading pennies. Did hit with a nickel a few times on the third level. No losses, So I am pretty pleased with the way it went.

Think I am starting to finally get a feel for the old girl.

Some probly laugh at me for trading pennies but MaMood gets credit for suggesting it. Makes sense to learn small and scale in.

Thanks MaMood.

P.S. Note to Fti. I am watching my ego very closely. No big head for me,
only humble pie.

Good Trading
Mike
Hi Mike,

You are welcomed, my friend

I used to feel the same trading pennies, but as fti said, "there's no difference leading small armies or big armies." It's how we stratgise and fight that counts.

I am definitely still learning.

Regards
P.S. It's sure hard squeezing water from stone. squared now with small profits. Gonna wait for a clearer signal now. Happy pipping
  • #33,475
  • May 10, 2012 12:47am May 10, 2012 12:47am
Hi Chief and Friends,

I been doing a bit of research on 3kgds lately. The disparity between EUR and GBP has started since last year nov. Is this likely to persist or are we going to see some alignment between the 2 currencies in the near term?

Any views on this issue?

Attached Image


Regards
  • #33,476
  • May 10, 2012 2:10am May 10, 2012 2:10am
Hi Mike


I think starting off trading pennies at first in your live account is a very good thing to do, it proves to yourself that you have at least two more tools for the job nailed down (discipline and control over greed) if you can stick with it, I believe it also helps to tame the fear of the markets that can surface during wild moves, I am working my way up slowly from the penny stages myself, I am finding it is easing me in without to much pressure and I have great respect for anyone else with the self discipline/confidence and lack of ego to admit that's what their doing when they first go live.


Btw. Cable daily looks nice.


Regards


Phil.


Ps. thanks Fana for the 'v'
-be careful about what you allow to be put in your mind-
  • #33,477
  • May 10, 2012 3:16am May 10, 2012 3:16am
Interesting ideas/input coming from Citi. Wondering just how bad thing really are:
http://www.cnbc.com/id/47364152

Edit: Hi fti, hope you are well. Have been wondering recently if we are about to see the last days of the E/$ above 1.30? We are living in interesting times, and I am afraid they are about to become more interesting. Be well my friends!
  • #33,478
  • Edited 3:46am May 10, 2012 3:34am | Edited 3:46am
Quoting N_Trader
Hi Chief and Friends,

I been doing a bit of research on 3kgds lately. The disparity between EUR and GBP has started since last year nov. Is this likely to persist or are we going to see some alignment between the 2 currencies in the near term?

Any views on this issue?

Attachment

Regards
N???

You zoomed out too much. The romance is within feel's reach in here and now. Like watching a couple oh a triple in a garden, not with jealousy though, making romance from behind a tree that is close enough to register to the faculties of hearing, sight etc. please exclude faculties of taste and touch......that is not our business la.

This you can not do by standing atop of mountain and watching too below in a garden. They do get tired too, take a rest and most of the times don't feel like making romance. Same as Eur, Gbp and Jpy.

Our interest (mostly) starts when the romance starts.

regards

regards
  • #33,479
  • May 10, 2012 3:36am May 10, 2012 3:36am
Quoting phil13
Hi Mike


I think starting off trading pennies at first in your live account is a very good thing to do, it proves to yourself that you have at least two more tools for the job nailed down (discipline and control over greed) if you can stick with it, I believe it also helps to tame the fear of the markets that can surface during wild moves, I am working my way up slowly from the penny stages myself, I am finding it is easing me in without to much pressure and I have great respect for anyone else with the self discipline/confidence and lack...
Agreed.

regards
  • #33,480
  • May 10, 2012 4:09am May 10, 2012 4:09am
Hi cuthbert,

I know where you are coming from. I actually have some trades on longer timeframes then 5M. But it may be off topic for this thread.

Nevertheless, thanks for sharing your views

Regards
N

Quoting cuthbert
N???

You zoomed out too much. The romance is within feel's reach in here and now. Like watching a couple oh a triple in a garden, not with jealousy though, making romance from behind a tree that is close enough to register to the faculties of hearing, sight etc. please exclude faculties of taste and touch......that is not our business la.

This you can not do by standing atop of mountain and watching too below in a garden. They do get tired too, take a rest and most of the times don't feel like making romance. Same as Eur, Gbp and Jpy.

Our...
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