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Technical Analysis Fallacy

  • #34,681
  • Jul 3, 2012 6:05pm Jul 3, 2012 6:05pm
Quoting almo
You are correct, but your not getting what I was asking


Eblip's response was that there were a couple opportunities, but he chose to not complete the rescue, but rather to attempt to transition to an attack.
NO NO NO,
YOU never.
Market does.
You choose to either follow or pull the plug.

This is not a game on the computer.
There is no rewind and reset button.
simpleman is correct, and no buts.
the only butts , i sitting on it.

eblip, already too emotional, the drive inside is killing him.
in battle, either strategise and manage the battle or cut tail and run.
no regrets, if, if nots , buts..................................

you try manage both your emotions and the market at the same and you in full disorientation.

regards
  • #34,682
  • Jul 3, 2012 6:10pm Jul 3, 2012 6:10pm
Quoting duyk20
700 pips straight without retrace. I'll be more than happy to see it hit my stoploss at 30 pips rather than a margin call Yes, I'm undercapitalized but most traders are
1. I use stop losses(rarely, but I do)

2. the theory, as far as it's presented here, is you shouldn't use them but you should constantly monitor your trade. If you're not around, you shouldn't have a trade open(or you should use a sl as in my case - but again, that's against what it's presented here - here it says clearly you should be around all the time when you trade).

from this => on your newsfeed you'd see that snb set a peg 1000 pips away from the current market. If you want to rescue a trade after reading that, than... you have a problem. And that's not stop loss.

also, as one who actually traded the move, 30 pips sl wouldn't ever happen.

I double checked the news than placed an order at market(after things calmed down, and ~40 secs passed and it already moved 600 pips) and got filled ~120 pips away(was still happy with the fill). The stop loss would've been executed, if you were lucky, ~1.16, from 1.10 where it was when it started(or those were the best fills I've heard about) - that means 600 pips away.

it's a stop loss order, it's executed at the market, noone guarantees you anything. And in that case, again, best executions I've heard were 1.16, majority ~1.18(800 pips away). Without a stop loss... you'd close the next day at 1.21, for an additional 300 pips. So - with stop loss ~800 pips/without and getting on the next day ~1100. Less than 40% more.

3. I think it is vital, with any style of reaveraging to understand where risk is; not trend, risk - screw trend.

15 pages ago I was long euro; for a couple of days. Trend was clearly down(still is, euro is still crap, etc.), yet I saw risk it'll shoot up(as it did). If you're caught in a spike against you fully loaded while trying to save a position... it gets ugly very quick.

so you should be very wary of playing against risk(even if it's with the trend) if you want to save positions. The ugly moves are those unexpected.

The rumor about SNB setting up a peg was for at least two months before it happened; if one still wanted to be long chf... their problem.
  • #34,683
  • Jul 3, 2012 6:22pm Jul 3, 2012 6:22pm
Quoting snowly
1. I use stop losses(rarely, but I do)

2. the theory, as far as it's presented here, is you shouldn't use them but you should constantly monitor your trade. If you're not around, you shouldn't have a trade open(or you should use a sl as in my case - but again, that's against what it's presented here - here it says clearly you should be around all the time when you trade).

from this => on your newsfeed you'd see that snb set a peg 1000 pips away from the current market. If you want to rescue a trade after reading that, than... you have...
1. either you are pragnant or your not, no half pragnancys please.

i keep telling you same thing. manage the book.
you think you can manage the trend?
all you can ever do is to follow it when you can see it.
if you are late, be generous, pass.

read thread, i no energies rehash all these.
regards
  • #34,684
  • Jul 3, 2012 6:37pm Jul 3, 2012 6:37pm
Quoting fti
if you are late, be generous, pass.
when I'll do that, I'll be really wise
  • #34,685
  • Jul 3, 2012 8:26pm Jul 3, 2012 8:26pm
Quoting fti
Then why you put it out for?
Would you like to perform brain surgery too?

Eblip just went stood at the edge of the cliff, thanks for helping him jump.
Lke i said, the moment you believe you good, your downfall begin.


regards
FTI - your right - I never should have said anything
  • #34,686
  • Jul 3, 2012 8:59pm Jul 3, 2012 8:59pm
Quoting snowly
1. I use stop losses(rarely, but I do)

2. the theory, as far as it's presented here, is you shouldn't use them but you should constantly monitor your trade. If you're not around, you shouldn't have a trade open(or you should use a sl as in my case - but again, that's against what it's presented here - here it says clearly you should be around all the time when you trade).

from this => on your newsfeed you'd see that snb set a peg 1000 pips away from the current market. If you want to rescue a trade after reading that, than... you have a...
Sound smart, don't know whether it's a good thing
  • #34,687
  • Jul 3, 2012 11:00pm Jul 3, 2012 11:00pm
Quoting fti
thank you , bro. you're too kind.
sold any of your china goods yet?
everyone's made some $$ already from manufacturing to shipping to.......taxed.
make sure you get yours . lion's share?


regards

sorry for the late reply
because I do not want to mess up the threads are busy with the question and answer about forex trading
while my reply it has nothing to do with forex trading


sold any of your china goods yet?

not yet my friend,,,,,,,,,,,
goods in the ship came to port,,, take time about 4 week or 5 week
and then marketed to retail shop store,,,
then it takes approximately 6 months ,,,,maybe more,,,,,,we can able to receive profit
< if there are no obstacles and no gets in the way >
need patience in real trader,,,,Is it true that such,,,,broo..,,
btw
My wife is still new to this business
and I just helped him alone

regards

ps ;;; admire because after four years more
Your spirit is still patiently answering
the questions of people who still want to learn


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  • #34,688
  • Edited 3:59am Jul 4, 2012 2:18am | Edited 3:59am
Quoting sumakianlee
sorry for the late reply


ps ;;; admire because after four years more
Your spirit is still patiently answering
the questions of people who still want to learn


http://www.youtube.com/watch?v=zyQ5Z...eature=related
i not going anywhere yet.
Also nothing else i can do, so might as well help some peeps along the way. also have many friends here.
regards

at least some one told the truth. respects.
at its current state, same sentiments.
http://www.thelocal.ch/3585/20120621/

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  • #34,689
  • Jul 4, 2012 6:12am Jul 4, 2012 6:12am
Quoting eblip
hi ...thanks ..its not the money thing ..thats not a problem...i only trade small...

its the millions of questions that i have that i know its gonna be hard to get answers to being such a subjective thing...you see im dedicated to this...im basically comitting my future to it...that decision is made and is final.

i just wish i could get a position in a trading room and see it all first hand...soak it up directly.

i know a few traders...and they are the ivy league boys...or the sons of lords......these guys just aint got the hunger...or...
Hey Eblip

I do not know if you are still here as Fti told you take a break but will post my reply anyway

I like you also wanted a position on a trading floor in London. I finished my degree and applied to all the banks in canary wharf, I had one interview at Citibank only through my cousin who works there. Unfortunately did not get the position and without a first class degree from Oxford or Cambridge found that I could never get to the interview stage. It is very hard, I feel like you need to know someone or have a top degree from a top university to even have a chance.

Some Advice Fti gave me a while ago, Spend time in the some of the bars around canary wharf, The traders will go there for drinks and socialising get to know how they talk and perhaps interact with them with a chance to get an interview etc...

I did meet one from HSBC while at the horse races in Ascot, this lead to another interview however he was not a trader and was for an international management programme, But highlights the importance of knowing someone makes all the difference.

Regarding your ability to "follow the flow" of the market something that resonates with me which is somewhere in the thread ( do not remember where) is that the market follows the law of motion.

If a car is moving 70 Mph on the motorway in order for it to go the other direction it must first slow down, then come to a stop, then move in the other direction. The market is the same, you can see this in the "flow" of the market. There is "left" and "right" moves, up and down.

While flowing up it will slow down come to a stop then start to flow down, slow down come to a stop then start to flow up etc.....giving overall direction if there is any, Sometimes there is none....

Look at the flow on the 1 hour chart to give you your direction, and the 5 min for your specific entry etc...

Hope this makes sense it something that helped me.....
  • #34,690
  • Jul 4, 2012 7:35am Jul 4, 2012 7:35am
Quoting duyk20
Sound smart, don't know whether it's a good thing
no, all I was saying is that, in that case, a stop loss would've done exactly 0 if you didn't have a proper leverage. You'd got a margin call if you were levered over... 15 with or without stop loss.
  • #34,691
  • Edited Jul 5, 2012 8:12am Jul 4, 2012 9:45am | Edited Jul 5, 2012 8:12am
There you go 1.253.
Those who faded last week Friday European politician lies are .

Edit: I now we are even below that Friday spike.
Empty as water and soft as a facing wind mountain
  • #34,692
  • Jul 4, 2012 11:25am Jul 4, 2012 11:25am
Quoting Acs_112
Hey Eblip

I do not know if you are still here as Fti told you take a break but will post my reply anyway

I like you also wanted a position on a trading floor in London. I finished my degree and applied to all the banks in canary wharf, I had one interview at Citibank only through my cousin who works there. Unfortunately did not get the position and without a first class degree from Oxford or Cambridge found that I could never get to the interview stage. It is very hard, I feel like you need to know someone or have a top degree from a top...
AOW CHAPTER 11:
"... Therefore, we can not conclude the Allied commitment if the unknown intentions of the other dukes ..."
"... Therefore: not compete with anyone on alliance,Not pampered a mighty of this world ..."
"... but trust their own forces ..."
  • #34,693
  • Jul 4, 2012 8:26pm Jul 4, 2012 8:26pm
key to your house before the octopus into the house

regards

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Attached Image (click to enlarge)
Click to Enlarge Name: octopus.jpg Size: 198 KB
  • #34,694
  • Jul 5, 2012 4:10am Jul 5, 2012 4:10am
ok just to let you know.
some bastards are blocking my internet speed.

but i need tell you .
i hearing that the fireworks failed.
so tonight the usd will go on the bbq tray.

moreover the us figs expected extremely bad.
just be prepared for volitility.
This world is so full of bastards.

regards
  • #34,695
  • Jul 5, 2012 4:17am Jul 5, 2012 4:17am
so make less wars.
already too many loose women around.

dang hard get a few words out to you.
dang bastards are controlling the net.

reg
  • #34,696
  • Jul 5, 2012 4:29am Jul 5, 2012 4:29am
Quoting fti
ok just to let you know.
some bastards are blocking my internet speed.

but i need tell you .
i hearing that the fireworks failed.
so tonight the usd will go on the bbq tray.

moreover the us figs expected extremely bad.
just be prepared for volitility.
This world is so full of bastards.

regards
hi chief, how about the EU side ?
  • #34,697
  • Jul 5, 2012 5:23am Jul 5, 2012 5:23am
Quoting sumakianlee
key to your house before the octopus into the house

regards

http://www.youtube.com/watch?v=Q36_8...feature=relmfu
Octopus is just inside the head
There is a mythological story about, named "Medusa and Perseus".That story is a guide, like the AOW.

Rgs
  • #34,698
  • Jul 5, 2012 8:16am Jul 5, 2012 8:16am
Quoting Gro
Octopus is just inside the head
There is a mythological story about, named "Medusa and Perseus".That story is a guide, like the AOW.

Rgs
Gro, Medusa was the one that created the frozen trader. Then she eat them alive after stealing their bank account.
Empty as water and soft as a facing wind mountain
  • #34,699
  • Jul 5, 2012 9:44am Jul 5, 2012 9:44am
Quoting luSan
Gro, Medusa was the one that created the frozen trader. Then she eat them alive after stealing their bank account.
Ohh!And therefore no help "Sandals winged" for an attack from air, "Helmet invisible" for invisibility and "Shield mirror" for the use defense, as attack?
Perseus with these funds win Sun Zi also ...
Rgs
  • #34,700
  • Jul 5, 2012 11:45am Jul 5, 2012 11:45am
Quoting piccolo
You have been really on the ball lately.. well done.

Sorry to hear about your internet. I have 2 internet service providers, my own and my neighbors wireless.. hehe.

and a 3G modem thingy as well.
Maybe piccolo and fti are neighbors? Just a thought.
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