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Technical Analysis Fallacy

  • #36,481
  • Nov 20, 2012 9:04pm Nov 20, 2012 9:04pm
Quoting fti
Hello to my friends that's still around.
I just returned from the pins and needles resort.

How's YOU doing?

My condition is very good.
Except that the pump is failing rapidly, and right shoulder paralysis, so i will be typing very slowly only with left hand.
So i cannot post much thoughts, the brain still works too fast for the body to perform to.
I already needed edit this post 5 times already.
Mostly forgot what i wanted to post.
Will take some time for me re-orientate to the new conditions.

also right eye mostly lost vision.
the...
Thank you god , thank you...

few times in my life i have been so happy ...one of the days is today...stopped looking at taf for so long because of you.....

good to see you chief...really good to see you...you hav been missed like crazy............

phoooooooooo


V
  • #36,482
  • Nov 20, 2012 9:18pm Nov 20, 2012 9:18pm
yo fti (a.k.a chief),
so happy you are back!
I have my 1st post in ff and this thread when you were away.

I will introduce myself again.
- was a silence follower of your thread for about 1 1/2 year.
- have read 1st 200 pages of your thread for a few times.
- have depleted the testing capital by 50%.
- Phil13 commented that it was not healthy and I might be going the wrong direction (black box systems).
- then I realized that I have "scalped" your thread instead of reading them in depth.
- I started re-reading the first 200 pages again(in depth and thinking this time), and also on "Ultimate trading guide" book.
- some how I managed breakeven account for the past 3 weeks of trading.
- I am using skew attack 1,1,2 and rescue 5, cut off trade at 2% capital per trade.
- Problem identified: Not able to use all the bullet for attack before market runs away (usually 1 scout and a checker out only). Maybe I am too nimble as lately the market fall back to range pretty often.

Thanks again, and in the best of health
Neo (a.k.a James)
  • #36,483
  • Nov 20, 2012 10:19pm Nov 20, 2012 10:19pm
Hi FTI,

Praise the Lord, you're back!!!!!!!!!!!!!!!!!!

Our prayers have been answered.

Welcome back.

zz
  • #36,484
  • Nov 20, 2012 11:20pm Nov 20, 2012 11:20pm
Chief
What a surprise!
You be ready. I've become mad, gonna nag you big time!!!
  • #36,485
  • Nov 21, 2012 1:33am Nov 21, 2012 1:33am
How lucky are we! a second christmas present, WOW. Imjscn is back as well.


Hope things are going well for you now


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #36,486
  • Nov 21, 2012 1:49am Nov 21, 2012 1:49am
Hi Phil,
Things are doing well on my side except much less screen time now.

Have been worrying about Chief, but now, the Sun is rising
  • #36,487
  • Nov 21, 2012 2:31am Nov 21, 2012 2:31am
Quoting fti

PS: also please remember, there is much difference in knowing things and having ability do things.
I learned this from B.Powell when young.
He is an actionsman. Learning by doing.
Reading about stuff is 1 thing.
Doing it is important test of proficiency.
Only if you able internalise it in you , then only can one use it effectively.
like i said slowly.
Train yourself well.


Yes Chief, will act on your advise, is much appreciated. I will take it slowly and not try to risk too much without having the necessary foundation, one step at a time, as you said "its ants job". I am currently looking to finish the whole thread this time on my re-read, looking to strengthen my foundation and condition myself as I participate in the market. Now I am still only consistently in the market, but I aim to be able to consistently take from the market and as the pirates would say" take what you can, give nothing back" or very little back in my case.

Thank you for the advise and encouragement. It means alot coming from you, gave me a good boost.

Regards,

dii
  • #36,488
  • Nov 21, 2012 3:31am Nov 21, 2012 3:31am
Quoting ttpp
Gro,
May I help posting your work...
http://www.forexfactory.com/nfs/cust...ic84908_11.gif

really cool
by the way, it's not me on his back
Thanks ttpp
Never forget a helmet and be brave ...
rgs
  • #36,489
  • Edited 3:58am Nov 21, 2012 3:31am | Edited 3:58am
Wow, what a wonderful sleep.
Best i had for a long time.

And GIANT glass of Black coffee.
How i missed this wonderful fix.

ok back see what my friends are doing.
A little birdie told me, selling currencies have become "unfashionable" for now.
huh, what that means? don't buy the usd?

regards

Is a bit ridiculous.
I am having breakfast at 5:30 in the evening?
oh high tea, maybe.
Oh is european breakfast time
thats ok.
  • #36,490
  • Nov 21, 2012 3:52am Nov 21, 2012 3:52am
Quoting drzakir123
please dont use such words as please,forgive etc,very painful to read,i have a very high regard for u and we r just kids to u and learning so many things about life and trading.ur the master and we are pupils.we all understand the situation ur in so take ur time and not be in hurry,take one thing at a time and deal with it.i will say stay away from trading if u may.i understand how stressful the rescues are and particularly people with weak heart shouldnt invovle with this high stress activity,on few occasion i felt like i am going to suffer a stroke...
ok, noted
mostly the pain is mine.
but no pain , no gain.

ok on the pm stuff.
i might as well just ask here.
is no secret.

1. aspirin is necessary evil, everyday no fail.
2. i am put back on all 4 inclusive aspirin.
the other 3 is simvastatin, clopidogrel, enoxaparin(clexane)
enoxapain i feel is most effective, because can feel effects.
but my supply is limited,and i not understand why.no one wants say.
i am adviced when the supply is fished. go on warfarin.
Now thats where is big problem.
I have a professor friend tells me no no, i not want go that direction.
unless i want smiling with only gums.

i had many opinions on this already.
so i ask more.
just yes or no, is ok.
is not good protocol publishing profession opinions.

My feel is this warfarin monster is very difficult manage because of the K factor.
your 2 cents is welcomed.

regards

PS:if you do need tell me medical details, is better PM me the reply.
thanks doc.
  • #36,491
  • Nov 21, 2012 4:01am Nov 21, 2012 4:01am
Quoting ttpp
Gro,
May I help posting your work...
http://www.forexfactory.com/nfs/cust...ic84908_11.gif

really cool
by the way, it's not me on his back
ai ya, dongsky.
you making me laugh. painfully.


regards
  • #36,492
  • Nov 21, 2012 4:07am Nov 21, 2012 4:07am
Quoting tubguy
From what I hear it was nurses getting grabbed. lol

Great to see you still in good spirits.

I'm doing Ok sir, slowly building my book when I can trade. Losses now are almost none. I do still keep skews very small though.
Scout is only worth $0.10 a pip but makes for a simple painless rescue when wrong. Better to make a dime than lose one.
I only attack when I feel very good about my feel and only take small pips from it. "Ants work" If i am correct?

Thanks for asking.

Stay well sir.
Mike
the mindset is correct.
if you have the energies. experiment with tweaks here and there.(theres lots of it on the thread.
remember everytime some thing adds some thing gives.
find the optimum equlibrium for YOU.

when you reach optimum that you happy to oprerate at. then scale back 1 level
make it invincible.

regards
  • #36,493
  • Nov 21, 2012 4:16am Nov 21, 2012 4:16am
Quoting indianguyinny24
Thank you god , thank you...

few times in my life i have been so happy ...one of the days is today...stopped looking at taf for so long because of you.....

good to see you chief...really good to see you...you hav been missed like crazy............

phoooooooooo


V
hey vic
soory i was undisposed for some time, can't be helped.
how things going?

nothing like enjoy great music and a cash cow at the side huh?

enjoy it to the fullest.
i did.
Now i hear things with added ringing in my ears.
But i can still hear the music as before.
the sweet spot now seems inside my head.
So maybe when the music plays now, my brain switches on the jukebox it keeps.

regards

for the first time now, i am having a new toy.
it reads the postings out loud to me when i highlight sections that i want to read.
is like listening to stuff thru broker boxes again.
is good, but had my win 7 reinstalled again to add the device.
LiNUx not seems got that far yet.
or maybe is just no ones here geeky enough do it.
  • #36,494
  • Nov 21, 2012 4:30am Nov 21, 2012 4:30am
Quoting neoshg
yo fti (a.k.a chief),
so happy you are back!
I have my 1st post in ff and this thread when you were away.

I will introduce myself again.
- was a silence follower of your thread for about 1 1/2 year.
- have read 1st 200 pages of your thread for a few times.
- have depleted the testing capital by 50%.
- Phil13 commented that it was not healthy and I might be going the wrong direction (black box systems).
- then I realized that I have "scalped" your thread instead of reading them in depth.
- I started re-reading the first 200 pages...
Hi james, welcome to thread.
oh 50% down
please stop.
you must be doing something wrong.
50% is point of no return.
ok
now write all the losses off your mind.
forget it
its gone.

start fresh from what is left.
and scale down the sizes proportionally.
for you is 50%.
or top up the account to where was the original with fresh $$$, if not very big $$$.
then go back to what you had done
try recollect the instances when the cuts was painful.
what is the cause.
is it timing?
is it lack of patience.
are you chasing prices?
is your chart time frames in tune to the time you spend in markets?
ARE YOU GAMBLING?

try figure out the cause before you trade again.
You don't want make same mistakes again.
now try see if you can understand tubguys's mindset.
You goal and job description is to make pips.
nothing else is important.

if you post more postings i try see if i can read you to fig out where the tweeks required.

regards
  • #36,495
  • Nov 21, 2012 4:35am Nov 21, 2012 4:35am
Quoting zoomzoom
Hi FTI,

Praise the Lord, you're back!!!!!!!!!!!!!!!!!!

Our prayers have been answered.

Welcome back.

zz
nice see you too.

regards.
  • #36,496
  • Nov 21, 2012 4:36am Nov 21, 2012 4:36am
Quoting imjscn
Chief
What a surprise!
You be ready. I've become mad, gonna nag you big time!!!
ai ya you are here.

Nice see you.

regards
  • #36,497
  • Edited 5:09am Nov 21, 2012 4:49am | Edited 5:09am
ok, here is a little insight i got from my room mate.

had a good chat with him.
He's a businessman, sounded somewhat like dad.

ok here goes.
i type this slowly.
so have patience.

During my chats.
iit dawned on me that many traders have 1 big mistake in their mindset.
the core is wrong , mostly everything else follows.

Most traders starts out trading different from dealers under training.
dealers starts by trying secure job, so they trade for pips.
traders are peeps with some nested capital.
and they are under influence that to make pips you must read market correctly.
your odds read markets correctly is nearly 50%: 50% for most peeps.
Experienced peeps can have better ratio of about 70%:30%.
For most inexperienced traders they normally gets wiped out in 1 or 2 fiasco situation normally within 6 months.
To be contineously succesfully in trading.
is paramount important that you not get badly damaged in those fiasco situations.
the fact is no one never takes a loss.
but make sure your loss taking of what ever strategies you work can never do you harm to more than 10% of your book.

A businessmans approach to trading.
if you trade like trading is a business.
then you must reliae that reasons why businessness goes bankrupt is because of over extention
is the same bullet that kills most traders accounts.

every businessman knows that, profits depends on markets.
sometimes markets are gone skided.
Is times like this that ability survive the period that ultimately provide for another period of prosperity.
think for a while while i rest.
will tell you more later.
  • #36,498
  • Nov 21, 2012 4:50am Nov 21, 2012 4:50am
Hi Fti, good to hear you are all right. Regards
  • #36,499
  • Nov 21, 2012 5:55am Nov 21, 2012 5:55am
Quoting Fana
Hi Fti, good to hear you are all right. Regards
Hi.
ya, i am ok.

regards
  • #36,500
  • Nov 21, 2012 5:55am Nov 21, 2012 5:55am
the secret of love 邓丽君.-.[爱的秘密]09.红豆-Hóngdòu(chendol red bean aka abc)

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