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Technical Analysis Fallacy

  • #35,901
  • Aug 30, 2012 9:47am Aug 30, 2012 9:47am
Quoting phil13
Hi mijamoto


when I left school I had very bad grades (they really only confirmed that I turned up for the exam), all I ever wanted to do was to become a mechanic, I did not really need any grades for this (lucky for me as I am dyslexic, something they knew little about then), I finally left school at 16 and wrote/applied to over 100 companies that employed mechanics asking for a job and/or an apprenticeship, I only every received 3 replies all saying 'no', so I looked elsewhere and found that the government run an apprenticeship scheme for part...



oh,, old phil13
thank you for share the story of your life
you have a hard life in your youth
flowing tears in my cheek
were here I have to be grateful for the good fortune in my youth
thank you phil

best regards
w
  • #35,902
  • Aug 30, 2012 10:10am Aug 30, 2012 10:10am
Hi Wendykurnia


not so much of the 'old' please... although I am not that young anymore


not a hard life my friend, valuable life lessons which put me in a good position deal with what life throws at us and to learn how to see/use opportunities that are presented to us.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #35,903
  • Aug 30, 2012 12:00pm Aug 30, 2012 12:00pm
Quoting simpleman
Hi Dr. You probably want to say "low risk"!
yes one can say so. say u have 10000 equity and ur broker providing u a leverage of 1:50 hence u can take a position of 500,000 ie ur using leverage on the positively but say if ur taking a postion of only 5000,that means not only ur not using leverage but infact ur going negative on it,what do u call it? i call it negative leverage.
this is where capitalisation comes into effect ie if one has a proper capitalisation where taking position give one a proper expoxure in dollar terms without giving sleepless night worrying about blowing ur account,now one can see when i am taking about neg leverage and capitalisation,basically i am talking about proper mindset and trading is nothing but ones mindset.
for me entry,exit,mm means nothing if one dont have proper mindset,in that one achieve victory before the start of war,with a proper mindset.with this in mind u may want to consider this chinese saying ''if one is well prepared,one is lucky.

add:ramipril is a ace inhibiter and one of the side effect is cough.ur doctor may consider amlodipine (one side effect of it is swollen feet] or beta blockers as alternative,so its upto ur Gp really to prescribe medication keeping in mind ur past medical hx and ur present condition]
Allah has permitted trade and has forbidden interest [koran]
  • #35,904
  • Aug 30, 2012 12:36pm Aug 30, 2012 12:36pm
Quoting N_Trader
Wow! Nothing beats the blessings of quality family time. Sounds like you are having a great summer

Indeed. Our choice determines who we r in the end, not circumstances. Talk is easy of coz... I can only pray that when trying times comes, I will rem what I said to you

Btw, i have something good to share too! I'll be going away for 3 weeks of vacation in sept. gonna b a great time I hope.

I see you r quite an awesome trader now yah. Just need to keep the scorpions in check

Goodnite mate! It was nice catching up.

P.S I wonder...
I'm just lurking lately N_Trader. Always around.

I read the thread almost every morning. Just been quietly absorbing all that is written.

Thanks for thinking about me.

Good Trading
Mike
  • #35,905
  • Edited 5:43pm Aug 30, 2012 5:04pm | Edited 5:43pm
Quoting drzakir123
yes one can say so. say u have 10000 equity and ur broker providing u a leverage of 1:50 hence u can take a position of 500,000 ie ur using leverage on the positively but say if ur taking a postion of only 5000,that means not only ur not using leverage but infact ur going negative on it,what do u call it? i call it negative leverage.
this is where capitalisation comes into effect ie if one has a proper capitalisation where taking position give one a proper expoxure in dollar terms without giving sleepless night worrying about blowing ur account,now...
Thanks for medicine recommendation, I have an appointment in couple of weeks with GP and will see what he prescribe this time.

On the leverage if your broker allows 1:50 and with 10k account you can go upto 500k. No one in the right mind will go for 500k in one go some will go for 5k, 10k, 20k. Using 5k, 10k, 20 will still be treated as positive leverage generaly know as leverage. If you want to go for negative leverage than you will have to find a broker that can offer you 1:-50 which is impossible, the most you can go for 1:1 and hold the physical currency of your choice.

5000/500000 is 1% account risk and you surely means low risk/low leverage which is imo better term to use than using negative leverge.

Capitalisation and position size goes together. If you have £1k account and another person has £10k account you both can play in the same way its just that your position size should be 1/10th of the other person. Some brokers allow smaller positions size to acomodate smaller accout sizes so capitalization is no more a problem, what matters is percentage.

On trading side, here at fti most people trade daylight and means no overnight position.

First 200 pages should clear up things for you.

When I have time I trade m5 charts and close my trades within same day and when I don't have time I trade larger time frame 4h/1h and still try to close within a day.
  • #35,906
  • Aug 30, 2012 6:25pm Aug 30, 2012 6:25pm
Quoting fti
Desiderata

Go placidly amid the noise & haste,
And remember what peace there may be in silence.
As far as possible without surrender, be on good terms with all persons.
Speak your truth quietly & clearly; and listen to others, even the dull and ignorant;
They too have their story.

Avoid loud & aggressive persons,
they are vexations to the spirit.
If you compare yourself with others, you may become vain & bitter;
For always there will be greater and lesser persons than yourself.

Enjoy your achievements as well as your plans.
Keep interested...
beautiful.
Allah has permitted trade and has forbidden interest [koran]
  • #35,907
  • Aug 30, 2012 10:16pm Aug 30, 2012 10:16pm
great rest.

ok today river dries up waiting for jakeson hole results.
so i need get to the banks wait river flows again, if benenki will open dam.
otherwise i sit with my canao at riverbanks.

Inserted Video


regards.
  • #35,908
  • Aug 30, 2012 10:19pm Aug 30, 2012 10:19pm
Quoting wendykurnia
thanks a lot for the song
i love it
yes it sometimes cannot fit and exactly the same meaning to translate chinese to english ,that My mom says so
as it says
when you already on top of the world
why do you struggle to reach the blue sky ?
it would be better to take rest
who can shake off the sorrow of the world
you can not cut the water with a knife to stop it from flowing
hmm,,,,,,,very deep meaning i think

best regards
w

http://www.youtube.com/watch?feature...&v=mQzvoCjWBnc
sharp observation.
yes is very nice song penned with very deep thoughts.

regards
  • #35,909
  • Aug 30, 2012 10:26pm Aug 30, 2012 10:26pm
Quoting phil13
Hi fti

I have an ongoing problem with my back that has stopped me doing sifu Hwang's exercises for now, I am booked to have an mri scan on tuesday to try and see exactly what the problem is and what can be done to sort it out, once it is sorted I will be back doing the exercises during the slow times in the trading day again.




Hi N Trader


have a great holiday and I also God grants you your wish.


Regards


Phil.


ps. thanks tricello for the v.
ok what ever you do with the excercise.
1 thingy you must never do is force.
if injury, is no gains.
so easy on it, and use prudence.
same like trading flow, never force.


regards
  • #35,910
  • Edited 11:31pm Aug 30, 2012 10:38pm | Edited 11:31pm
Quoting jrfx448
Dear Fti,
Thank you chief for the every thing.
I have no words to thank you for your effort and the teaching.
I came here via DongSky's thread. ( Thank you Eddy )
It took more than 6 months to read/re read. ( To be honest i read only up to first 200 pages then skipped middle. I made some short notes and every time it make more and more sense to me when re reading ).

Thank you for your great effort and wish you health wealth and happiness!!

Also, thank you all for keep this thread alive and healthy!!

regs,
jr....
thanks for your kind words.

regards
Inserted Video
  • #35,911
  • Aug 30, 2012 10:46pm Aug 30, 2012 10:46pm
Quoting phil13
Hi Wendykurnia : )


not so much of the 'old' please... although I am not that young anymore


not a hard life my friend, valuable life lessons which put me in a good position deal with what life throws at us and to learn how to see/use opportunities that are presented to us.


Regards


Phil.


regards

Inserted Video
  • #35,912
  • Aug 30, 2012 11:03pm Aug 30, 2012 11:03pm
this was a good week made 3% ....and now out for weekend till monday night ...dont want to gamble on Jackson hole...

i still remember one time on some news EUR USD made 600 pips jump...

and chief told never trade on news....after the news YES but not on/before news

lesson is ingrained from that time......

V
  • #35,913
  • Aug 30, 2012 11:25pm Aug 30, 2012 11:25pm
Quoting indianguyinny24
this was a good week made 3% ....and now out for weekend till monday night ...dont want to gamble on Jackson hole...

i still remember one time on some news EUR USD made 600 pips jump...

and chief told never trade on news....after the news YES but not on/before news

lesson is ingrained from that time......

V


Inserted Video


now you know where you're going to.

Inserted Video


regards
  • #35,914
  • Aug 30, 2012 11:42pm Aug 30, 2012 11:42pm
Quoting fti


http://www.youtube.com/watch?v=sRJL94xhmus

now you know where you're going to.

http://www.youtube.com/watch?v=VOH6SzDX3l4

regards


Inserted Video


V

PS: Need your help again regarding speakers???when should i ask??? :nervous
  • #35,915
  • Aug 30, 2012 11:47pm Aug 30, 2012 11:47pm
Quoting fti


regards

http://www.youtube.com/watch?v=-ELgvmeGYlo
Ni Hao ma ?

Ciak Pa Bue ?
If there was easy money lying around,no one would be forcing it into your
  • #35,916
  • Aug 30, 2012 11:47pm Aug 30, 2012 11:47pm
Quoting indianguyinny24


http://www.youtube.com/watch?v=8tSo4IICBTY

V

PS: Need your help again regarding speakers???when should i ask???
anytime is good , friends no need stand on ceremony la.
  • #35,917
  • Aug 30, 2012 11:52pm Aug 30, 2012 11:52pm
Quoting fti
anytime is good , friends no need stand on ceremony la.

was nervous to ask....so thought to ask u when can i ask....


after making my first DIY open baffle speaker i am kinda done now...cant go back to box

my inspiration is this guy

http://gainphile.blogspot.com/2009/0...with-seas.html
my setup....i say myself as budget audiophile...


pair of 8 inch for low woofer

http://www.parts-express.com/pe/show...number=297-447

or

http://www.parts-express.com/pe/show...number=297-446

pair of tang band

http://www.tb-speaker.com/detail/1208_03/w4-655sh.htm

Crossed by minidsp and full range aka tang band powered by a tube amp and woofer powered by ClassT amp

might add ribbon tweeter....

any inputs chief...




V
  • #35,918
  • Aug 30, 2012 11:54pm Aug 30, 2012 11:54pm
Quoting FXMindset
Ni Hao ma ?

Ciak Pa Bue ?
hao, xie xie.

pat tor song song.
ka chen pong pong.
kia lor long long.


regards
  • #35,919
  • Aug 31, 2012 12:13am Aug 31, 2012 12:13am
Quoting fti
hao, xie xie.

pat tor song song.
ka chen pong pong.
kia lor long long.


regards
, I know 2 words...
  • #35,920
  • Aug 31, 2012 12:15am Aug 31, 2012 12:15am
Quoting fti
hao, xie xie.

pat tor song song.
ka chen pong pong.
kia lor long long.


regards
Bo kang tang....Kia si nang....Boi pai lar....
If there was easy money lying around,no one would be forcing it into your
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