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Technical Analysis Fallacy

  • #34,561
  • Jun 29, 2012 12:29pm Jun 29, 2012 12:29pm
Quoting indianguyinny24
We are in wild....there is nothing sane anymore


V
Law wild,law market and human nature are from one source
  • #34,562
  • Edited 7:52pm Jun 29, 2012 1:29pm | Edited 7:52pm
any more gamblers?

Oh shit.
http://www.forexfactory.com/news.php?do=news&id=371079

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  • #34,563
  • Jun 29, 2012 5:12pm Jun 29, 2012 5:12pm
Quoting fti
any more gamblers?

Oh shit.
http://www.forexfactory.com/news.php?do=news&id=371079
Wow, what a story.!
  • #34,564
  • Jun 29, 2012 6:50pm Jun 29, 2012 6:50pm
just come from china
accompany wife buy wholesale clothing,,reticule,, and footwear

hope you are all doing well
regards


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  • #34,565
  • Jun 29, 2012 7:51pm Jun 29, 2012 7:51pm
Quoting sumakianlee
just come from china
accompany wife buy wholesale clothing,,reticule,, and footwear

hope you are all doing well
regards


http://www.youtube.com/watch?v=Ls5fgD2_bF8

http://www.youtube.com/watch?v=HbIGs...47DC6E2303D84A
real trader.
good deals?

regards
  • #34,566
  • Edited Jun 30, 2012 12:57am Jun 29, 2012 8:42pm | Edited Jun 30, 2012 12:57am
hello Fti

i have read through 100 pages of thread and am a little confused about rescue missions...and this seems so important to me.

1. is the scout actually a trade taken to make your main profits
or is the scout a trade sent to feel the market.
if the market feels good then you add to it...if the market goes against you then you rescue the scout.

2. in rescuing the scout.
imagine you have put a scout in on a short at 1.0000 and the market moves against to 1.0030. do you send in your troops to rescue the 30 pips loss going against the direction of the scout...(as the market is moving against your position)..so do you go long..

or do you wait until the market goes back towards your positon ...you go short with the rescue team...you may be waiting 300 pips before the market goes into retracement...

3. the rescue team ...is it their intention to battle swift and fast...to get in and out and make the lost money by the scout back in a matter of about 10 pips movement.

4. on completion of the rescue ..
should all positions be closed...the position of the scout and the positon of the rescue team...
if you close the position of the scout it is a good thing as you can then put him back in the battle closer to the price action.

5. do you always try and trade in line with the trend...or do you consider counter trend trades.

6. is your type of trading method similar to scalping...using lots of small trades per day ..

7 are rescue missions only good for badly timed entry ...not for when you are trading in the wrong direction.
some of my questions may seem ridiculous to one who knows the answers...but i just need verification that i am thinking along the right lines.


today i put in scout on a trade and it went well..
then i added to trade..
then trade turned against me.
then i pulled out with a loss.

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maybe i should have taken profit at about plus 60 pips from scout...but i wanted to get big pips..on the cable.

you see i could have managed trade by going long at my exit point..but is that how you would manage such a trade.
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  • #34,567
  • Edited 3:20am Jun 30, 2012 1:08am | Edited 3:20am
Quoting fti
any more gamblers?

Oh shit.
http://www.forexfactory.com/news.php?do=news&id=371079

http://www.youtube.com/watch?v=Xs0jhwQuu3k

http://www.youtube.com/watch?v=njG7p6CSbCU
Hi,
How many pills still will need the human nature?
Rgs

John Lennon-Watching The Wheels
  • #34,568
  • Jun 30, 2012 5:00am Jun 30, 2012 5:00am
some food for thought..
i use 2 platforms ..alpari and oanda.
here are 2 screenshots of the same period of time...the wick is EXACTLY 10 PIPS LONG AND WIPED OUT MY STOP.

look at the wick on alpari.
alpari.
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oanda.
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cheers
  • #34,569
  • Jun 30, 2012 6:41am Jun 30, 2012 6:41am
Quoting fti
real trader.
good deals?

regards
sorry for the late reply,,
yes.. have a good deals

btw
I was admire china
goods from china can win compete with domestically produced goods < on the country i lived > on goods of nearly similar quality

even though
if I take goods from china
taxable cost of the ship is quite expensive
when
domestically produced goods cheaper transportation costs
also
about minimum wage workers
china have higher minimum wage workers than minimum wage workers where the country i lived

but still remains more profitable selling goods from china

regards
  • #34,570
  • Jun 30, 2012 8:08am Jun 30, 2012 8:08am
Quoting sumakianlee
sorry for the late reply,,
yes.. have a good deals

btw
I was admire china
goods from china can win compete with domestically produced goods < on the country i lived > on goods of nearly similar quality

even though
if I take goods from china
taxable cost of the ship is quite expensive
when
domestically produced goods cheaper transportation costs
also
about minimum wage workers
china have higher minimum wage workers than minimum wage workers where the country i lived

but still remains more profitable selling goods from china

regards...


regards
  • #34,571
  • Edited 8:56am Jun 30, 2012 8:11am | Edited 8:56am
My condolence to Mr Lee and his family for his loss.
World lost a good man, Freddy, Sir, will be missed.
Sad that i cannot pay last respects, as unable to travel.

http://news.asiaone.com/News/Latest%...29-356061.html

regards
  • #34,572
  • Jun 30, 2012 8:48am Jun 30, 2012 8:48am
Quoting eblip
some food for thought..
i use 2 platforms ..alpari and oanda.
here are 2 screenshots of the same period of time...the wick is EXACTLY 10 PIPS LONG AND WIPED OUT MY STOP.

look at the wick on alpari.
alpari.
Attachment
oanda.
Attachment

cheers

That is the price people have to pay when showing their broker your plans.....


They do not do this for free, why do you think at least 95% of what is out there about trading is rubbish and just does not work for your profit.


Maybe you have yet to get to that stage of realisation.


AOW...


Do not swallow bait offered by the enemy.



These military devices, leading to victory, must not be divulged beforehand.



Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #34,573
  • Edited 4:12pm Jun 30, 2012 9:41am | Edited 4:12pm
Quoting phil13
That is the price people have to pay when showing their broker your plans.....


They do not do this for free, why do you think at least 95% of what is out there about trading is rubbish and just does not work for your profit.


Maybe you have yet to get to that stage of realisation.


AOW...


Do not swallow bait offered by the enemy.



These military devices, leading to victory, must not be divulged beforehand.

...
hi phil
yes i dont use stop loss any more only when i must leave my post.
regards.

ps..@ fti.

sorry to hear about Freddy, losing his battle.
i have just seen photo of him..
he looked to be strong in his later years..lets hope strength gave him quality life over the recent years.
  • #34,574
  • Jun 30, 2012 10:06am Jun 30, 2012 10:06am
Quoting fti
My condolence to Mr Lee and his family for his loss.
World lost a good man, Freddy, Sir, will be missed.
Sad that i cannot pay last respects, as unable to travel.

http://news.asiaone.com/News/Latest%...29-356061.html

regards


Hi fti,


sorry to hear you have lost a friend, you will find a way of paying your last respects I am sure.


For you and mr Lee's family


regards


Phil.
-be careful about what you allow to be put in your mind-
  • #34,575
  • Jun 30, 2012 7:06pm Jun 30, 2012 7:06pm
Quoting fti
My condolence to Mr Lee and his family for his loss.
World lost a good man, Freddy, Sir, will be missed.
Sad that i cannot pay last respects, as unable to travel.

http://news.asiaone.com/News/Latest%...29-356061.html

regards
i'm sorry to hear that,,,
regards


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God speaks to each of us before we are,
Before he's formed us — then, in cloudy speech,
But only then, he speaks these words to each
And silently walks with us from the dark:

Driven by your senses, dare
To the edge of longing. Grow
Like a fire's shadowcasting glare
Behind assembled things, so you can spread
Their shapes on me as clothes.
Don't leave me bare.

Let it all happen to you: beauty and dread.
Simply go — no feeling is too much —
And only this way can we stay in touch.

Near here is the land
That they call Life.
You'll know when you arrive
By how real it is.

Give me your hand.
  • #34,576
  • Jun 30, 2012 11:24pm Jun 30, 2012 11:24pm
Quoting eblip
some food for thought..
i use 2 platforms ..alpari and oanda.
here are 2 screenshots of the same period of time...the wick is EXACTLY 10 PIPS LONG AND WIPED OUT MY STOP.

look at the wick on alpari.
alpari.
Attachment
oanda.
Attachment

cheers

Did you go long at the arrow? If you did price had just dropped through support and going long there would be playing a dangerous game in my opinion, after an obvious sign of weakness..
Never said I was Batman,all I'm saying is you'll never see us together.
  • #34,577
  • Jul 1, 2012 1:14pm Jul 1, 2012 1:14pm
Quoting eblip
some food for thought..
i use 2 platforms ..alpari and oanda.
here are 2 screenshots of the same period of time...the wick is EXACTLY 10 PIPS LONG AND WIPED OUT MY STOP.

look at the wick on alpari.
alpari.
Attachment
oanda.
Attachment

cheers
sitting ducks get shot
  • #34,578
  • Jul 1, 2012 1:58pm Jul 1, 2012 1:58pm
Quoting piccolo
sitting ducks get shot
hi piccolo....yes that appears to be the case..
i have started to soak up the first 100 pages of the thread..

this is fantastic trading philosophy...to be applied to my personal idea of trading.
what a fantastic find.

i think some like minded people on the thread...recently i had a discussion with some other fellow price action people prior to finding thread..and was discussing how the speed of the development of the candles..how they may jump up and trickle down or may jump down and trickle up can tell a lot about the strength of the bulls and bears in a market...and how sometimes you can see the force is overwhelming and must be going a certain way...and there was no interest in price action from that point of view..

but in this thread i see that the actual action and candle formations are being treated like a story...a dance as FTI calls it..and that makes a lot of sense to me.

i like the fact that when the force is driving your way....rather than immediately take profit or set a target...put more troops in....and take them out when it changes...this is what trading is about....ART. and skill.
plus watching the play lets you know the play....

picking trades and putting stops on doesnt appeal to me...it is the difference between painting jazz and classical music to me...
both are great ......but a classical musician creates nothing....he copies the creation of a great composer and copies it well...he reproduces.
whereas a jazz is from the heart...jazz is about experimentation about self expression and is never the same twice...its original and creative and reflex like and calls for the man to be one with his instrument and is unique to the individual executioner.

in fact im getting too deep here so ill call it a day.
just great to be on board.
  • #34,579
  • Jul 1, 2012 5:14pm Jul 1, 2012 5:14pm
Quoting phil13
That is the price people have to pay when showing their broker your plans.....


They do not do this for free, why do you think at least 95% of what is out there about trading is rubbish and just does not work for your profit.


Maybe you have yet to get to that stage of realisation.


AOW...


Do not swallow bait offered by the enemy.



These military devices, leading to victory, must not be divulged beforehand.

...
It doesn't even matter whether you use stop loss or not, stop hunting would occur. Remember, you are not the only trader that's sending orders to your broker. If you set a mental stop order at a particular level, the pair will reach that level because thousands of other traders have probably sent actual stop loss orders for that level.
To survive you'll have to learn to assume some additional risk when trading and never think that the derivative you are trading will simply reverse at exactly or even +/-5 pts a S/R level.
  • #34,580
  • Jul 1, 2012 6:29pm Jul 1, 2012 6:29pm
situation recap.
usd situation: the over printing feeding the over spending had made situation feeding on savings. So in devaluation state.

euro: they open the vaults big time, placed some guarding wide open vault.

anything should be better than both this. But timing timing timing.

4th July first.

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