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Technical Analysis Fallacy

  • #38,321
  • Jan 30, 2013 12:57pm Jan 30, 2013 12:57pm
Quoting fti
oh, ok , i need hide my happyness for your success.
i must remember , stay calm.

regards
my point was i cant be near computer all the time as u know i am a very very busy man,so either i need to increased my leverage and cut down the time frame or increased my timeframe and cut down my leverage and i choose the second option.the problem with cutting down the time frame is i wont be near the computer when the volatility is high to take advantage of and i tend to miss the moves,so the alternative was to position in such a way that i can capture pips when they come my way.the thing i learned from u is to trust my feeling and not be afraid of the price moves.see i had this 1100 green pips but i am not jumping up and down rather i am calm,probably it is something to do with blowing couple of accounts.my focus is really how to improve myself and refine the method.at present i am in the process of finding my comfort level,my sweet spot,which i feel, am very near to.
finaly let me say this i am always a learner and most of the time in my life i discover the way by myself,and enjoy it,i am highly self dependent person and at the same time if some help come along i will be grateful.regard and godspeed.
Allah has permitted trade and has forbidden interest [koran]
  • #38,322
  • Jan 30, 2013 12:58pm Jan 30, 2013 12:58pm
This is getting interesting. I may have another Ah Ha! moment here.
  • #38,323
  • Jan 30, 2013 1:04pm Jan 30, 2013 1:04pm
Quoting drzakir123
my point was i cant be near computer all the time as u know i am a very very busy man,so either i need to increased my leverage and cut down the time frame or increased my timeframe and cut down my leverage and i choose the second option.the problem with cutting down the time frame is i wont be near the computer when the volatility is high to take advantage of and i tend to miss the moves,so the alternative was to position in such a way that i can capture pips when they come my way.the thing i learned from u is to trust my feeling and not be afraid...
noted Dr., not to worry.
but please no over confidence.
is only 1st rounds yet. need track record of consistency.

regards
  • #38,324
  • Jan 30, 2013 1:04pm Jan 30, 2013 1:04pm
Quoting tubguy
This is getting interesting. I may have another Ah Ha! moment here.
oops.
power surge?


regards
  • #38,325
  • Jan 30, 2013 1:10pm Jan 30, 2013 1:10pm
if it is regarding chart I post.
I canot take position on that chart, it is just a pattern which apper. I do use it but I did not trade eur/jyp it was use for example.

My point is this " when we see a long candle and than 3-4 smal candles apperas in opposite direction than it is highly chance of price retest the low of first candle" it can be on daily. weekly, 4H, 3H 15m any time frame.

I did not trade eur/jup on that point sir.

regards.
just live a life, don't be hard.
  • #38,326
  • Edited 1:23pm Jan 30, 2013 1:12pm | Edited 1:23pm
Quoting shaukat113
if it is regarding chart I post.
I canot take position on that chart, it is just a pattern which apper. I do use it but I did not trade eur/jyp it was use for example.

My point is this " when we see a long candle and than 3-4 smal candles apperas in opposite direction than it is highly chance of price retest the low of first candle" it can be on daily. weekly, 4H, 3H 15m any tme frame.

I did not trade eur/jup on that point sir.

regards.
no no is the equities composite chart with the many sexy multicoloured ladies guiding you.
basically you will be slow. very slow respond to markets.
then you need allow much leway threshold of pain before applying any decision process.
one word latency.
for novice traders is a good guide keeps you in trend.
for pros the latency bogs your mind down, to dead speed. Total inability dance markets.

When you read the thread you may understand.
The dance is not dancing prices
is dancing the rhythms. the flow.


regards
  • #38,327
  • Jan 30, 2013 1:15pm Jan 30, 2013 1:15pm
Quoting shaukat113
if it is regarding chart I post.
I canot take position on that chart, it is just a pattern which apper. I do use it but I did not trade eur/jyp it was use for example.

My point is this " when we see a long candle and than 3-4 smal candles apperas in opposite direction than it is highly chance of price retest the low of first candle" it can be on daily. weekly, 4H, 3H 15m any tme frame.

I did not trade eur/jup on that point sir.

regards.
it gonna get interesting....


V
Attached Image
  • #38,328
  • Jan 30, 2013 1:17pm Jan 30, 2013 1:17pm
Quoting fti
noted Dr., not to worry.
but please no over confidence.
is only 1st rounds yet. need track record of consistency.

regards
thanks for being considerate fti.market had humbled me so many times that i left with only feelings for it.regards
Allah has permitted trade and has forbidden interest [koran]
  • #38,329
  • Jan 30, 2013 1:23pm Jan 30, 2013 1:23pm
I am lost
just live a life, don't be hard.
  • #38,330
  • Jan 30, 2013 1:25pm Jan 30, 2013 1:25pm
Quoting shaukat113
I am lost

that was one reason i asked how many pages you read....chief will answer but again try reading 200 pages you will get some idea

V
  • #38,331
  • Jan 30, 2013 1:25pm Jan 30, 2013 1:25pm
Quoting shaukat113
I am lost
read thread,
we discuss if you still cannot understand.

regards
  • #38,332
  • Jan 30, 2013 1:27pm Jan 30, 2013 1:27pm
euro price spikes. what they trying to do.
shoot invisible ducks?

are my scouts expected to be scared?


regards
  • #38,333
  • Jan 30, 2013 1:28pm Jan 30, 2013 1:28pm
Quoting fti
oops.
power surge?


regards
haha! very possible!
  • #38,334
  • Jan 30, 2013 1:32pm Jan 30, 2013 1:32pm
Quoting fti
no no is the equities composite chart with the many sexy multicoloured ladies guiding you.
basically you will be slow. very slow respond to markets.
then you need allow much leway threshold of pain before applying any decision process.
one word latency.
for novice traders is a good guide keeps you in trend.
for pros the latency bogs your mind down, to dead speed. Total inability dance markets.

When you read the thread you may understand.
The dance is not dancing prices
is dancing the rhythms. the flow.


regards
this must be why I prefer the 1 minute charts. My ADD gets me distracted when I have to wait to long.
  • #38,335
  • Jan 30, 2013 1:33pm Jan 30, 2013 1:33pm
Quoting indianguyinny24
it gonna get interesting....


V

Lmao!
  • #38,336
  • Jan 30, 2013 1:33pm Jan 30, 2013 1:33pm
pole dancing?
ai ya this clowns.

they best not trigger heavy profitaking.


regards
  • #38,337
  • Jan 30, 2013 1:34pm Jan 30, 2013 1:34pm
Quoting fti
euro price spikes. what they trying to do.
shoot invisible ducks?

are my scouts expected to be scared?


regards
Spike was fun for me. Grabbed a few pips out of it. SELL! SELL! BUY! BUY! Done.
  • #38,338
  • Jan 30, 2013 1:38pm Jan 30, 2013 1:38pm
Quoting tubguy
Spike was fun for me. Grabbed a few pips out of it. SELL! SELL! BUY! BUY! Done.
wow, free toppings.


regards
  • #38,339
  • Jan 30, 2013 1:39pm Jan 30, 2013 1:39pm
Quoting fti
wow, free toppings.

regards
Yep, I like it when it goes fast like that. No time to think about it. Just react. I shoot better that way too.
  • #38,340
  • Jan 30, 2013 1:43pm Jan 30, 2013 1:43pm
Quoting fti
euro price spikes. what they trying to do.
shoot invisible ducks?

are my scouts expected to be scared?


regards
not really,my feel is what we saw just now is top of move and dollar is very cheap at these level and above.my eyes for now are firmly fixed on 1.3450,which is where market had spend lot time last few days and market may go there.i had bought some more dollars seeing the market subdued reaction to fomc news.anyway my positions are still very small about half my equity without leverage and i can always cut loose them if i dont feel comfortable anytime.and if anytime if market reach 1.3125/50 i definatley going to buy euro at those level as my bias for this quarter to the upside still intact.regards
Allah has permitted trade and has forbidden interest [koran]
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