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Technical Analysis Fallacy

  • #38,521
  • Feb 1, 2013 9:53am Feb 1, 2013 9:53am
Quoting simpleman
read the post again,
Simpleman,

Yes, I re-read the post. Totally agreed with you. By the way your posts have always clearup alot of stuff in my head. Thanks.

regards,

zz.

Fti,

Have a good rest. See you around.
  • #38,522
  • Feb 1, 2013 10:02am Feb 1, 2013 10:02am
Quoting shaukat113
what sign we should look before log/short position??
A clear head that can follow market ryhtym.
you not noticed euro cable?
thats their poison tool.
warned about that sometime back.
They just tearing markets to start a war.
A divorce process if you like, many times already this year.


egards
  • #38,523
  • Feb 1, 2013 10:03am Feb 1, 2013 10:03am
http://www.forexfactory.com/showthre...94#post1743294

just live a life, don't be hard.
  • #38,524
  • Feb 1, 2013 10:08am Feb 1, 2013 10:08am
Quoting zoomzoom
Simpleman,

Yes, I re-read the post. Totally agreed with you. By the way your posts have always clearup alot of stuff in my head. Thanks.

regards,

zz.

Fti,

Have a good rest. See you around.
thanks for the compliment. I tried to say is that short term chart can give more gains with what fti has shown us however you can apply the same logic on longer term charts but will need 10, 20, 50 times more resources but the gains will be lesser due to lots of break-evens.


good luck.
  • #38,525
  • Edited 11:32am Feb 1, 2013 10:24am | Edited 11:32am
And i hearing who the manipulator.
PANDA.

regards

even have name
LQ Jin citic via bloomberg.

Beijing-based CIC was set up to improve returns on the world’s largest foreign-currency reserves by investing overseas. China has $3.3 trillion of reserves.

I wonder is it typo, shouuld read manipulate overseas?
Big Boy shows cannons?

ok now i sit watch CBs war.
Out of my league. Anyway my brain damaged.
Volatility begets volatility. be very alert.

seems hidden move.
parked in cable.
moved cable to euro.
so is invisible no CNY moved.
oh by the way CNY soon.
smooth as a water snake.

Inserted Video


this year parental guidance required. Ai ya, water snakes everywhere.
big boys behaving irresponsibily.
Is same anywhere, make too bif to fail.
Everyone gets screwed.

Inserted Video
  • #38,526
  • Feb 1, 2013 11:18am Feb 1, 2013 11:18am
Take care of yourself fti. It has been nice to read your posts on this thread again. I am sorry that your brain / body is letting you down because it is easy to see how much you enjoy trading and ....well I don't know what else to say really.

You've already given more than anybody could expect in this thread. Sometimes I think I am making progress and sometimes I read a few of your posts and think that I have understood nothing in the last few years. I manage to be consistently profitable most of the time but I fear I will never reach your level of expertise in the markets.

Thanks again, you are a wonderful person.
  • #38,527
  • Feb 1, 2013 11:33am Feb 1, 2013 11:33am
Quoting ukmanthailan
Take care of yourself fti. It has been nice to read your posts on this thread again. I am sorry that your brain / body is letting you down because it is easy to see how much you enjoy trading and ....well I don't know what else to say really.

You've already given more than anybody could expect in this thread. Sometimes I think I am making progress and sometimes I read a few of your posts and think that I have understood nothing in the last few years. I manage to be consistently profitable most of the time but I fear I will never reach your level...


regards
  • #38,528
  • Feb 1, 2013 11:34am Feb 1, 2013 11:34am
Quoting fti
I like explain something.
No one able see future.
Only position in advantage.
No one knows.

When you trading.
You need keep adjusting your risk and expectations as markets unfold.

I understand your old habits .
Your mind is trying predict using old price information.
Old trader deception habit, esp those who use TA for predictive purposes.
I like say very clearly , is not possible.

Many had be deceived by the materials they have put in their head.
Just ask Dr Z he will understand you.
But i think he has overcome.

regards

Oh...
How to get rid of this mindset? I was solely concentrating on TA for a long time, it's hard to see what you see when you trade. I don't know what to look for in order to 'feel' what I'm supposed to 'feel'. If you can't use TA, then theoretically the only thing you can look at is the very price that the price is at right now and not a candle prior to that, but then it just becomes a coinflip.
  • #38,529
  • Edited 11:48am Feb 1, 2013 11:37am | Edited 11:48am
Quoting Atomic_Sheep
How to get rid of this mindset? I was solely concentrating on TA for a long time, it's hard to see what you see when you trade. I don't know what to look for in order to 'feel' what I'm supposed to 'feel'. If you can't use TA, then theoretically the only thing you can look at is the very price that the price is at right now and not a candle prior to that, but then it just becomes a coinflip.
i understand, try flying aircraft with kite skills?
Ai ya TA long time huh?
Nest time try enrol correct flight school.
Is very difficult unlearn stuff sometimes.

makes me feel like smoking again.
dang, smoke damage, no smoke is worst damage, might as well smoke.
at least i smoke i not fall nap due no energy and wake up insane.
anyone give 1 stick? pretty please?
nevermind, lets see if i can make it to 711.

regards
  • #38,530
  • Feb 1, 2013 11:43am Feb 1, 2013 11:43am
panda 1H
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just live a life, don't be hard.
  • #38,531
  • Edited 12:20pm Feb 1, 2013 11:59am | Edited 12:20pm
Quoting fti
i understand, try flying aircraft with kite skills?
Ai ya TA long time huh?
Nest time try enrol correct flight school.
Is very difficult unlearn stuff sometimes.

makes me feel like smoking again.
dang, smoke damage, no smoke is worst damage, might as well smoke.
at least i smoke i not fall nap due no energy and wake up insane.
anyone give 1 stick? pretty please?
nevermind, lets see if i can make it to 711.

regards
I have unlearned old patterns previously, takes time but very doable, the problem is knowing what to learn after the previous errors if one has little experience seeing how it's meant to be done and even then its pretty subjective and individual due to various quirks in anatomy for example.

Just entered a trade based on dancing - at least the way I understand it. Got in somewhere mid bull bar with arrow. Still sitting tight, problem is, these sorts of retracements are tiny and the cost of the transaction outweights the benefit of even entering the trade.
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  • #38,532
  • Feb 1, 2013 12:20pm Feb 1, 2013 12:20pm
Thanks, drivein 711 at station was open.
bought 2 cartons.
Now slowly.

Surprise, surprise. I can still drive slowly, is easy at night when there not a soul out.
ok 1st acheievement after a long long time.
  • #38,533
  • Feb 1, 2013 12:22pm Feb 1, 2013 12:22pm
Quoting Atomic_Sheep
I have unlearned old patterns previously, takes time but very doable, the problem is knowing what to learn after the previous errors if one has little experience seeing how it's meant to be done and even then its pretty subjective and individual due to various quirks in anatomy for example.

Just entered a trade based on dancing - at least the way I understand it. Got in somewhere mid bull bar with arrow. Still sitting tight, problem is, these sorts of retracements are tiny and the cost of the transaction outweights the benefit of even entering...
ok , you convinced me.
yes, is very problematic.
You can switch on the gas.

I understand, was already difficult fight small skirmishes, this WW3.
and you crawling. and i brain dead.


regards
  • #38,534
  • Feb 1, 2013 12:30pm Feb 1, 2013 12:30pm
Had kept thinking, this dang zero brain (interest) economics bullshit is flawed from the start.
And to see 2 major CBs subscribe to is is beyond dunce.
punish the savers and reward the culprits who burst the bubble?

was thinking , if tthis goes on long term is going sink the ship.
Great , here's a iceberg help you.

just think?
banks takes 2 % hircuts ant rates at 0?
with deflation hurting worst than inflation.

ok is same as flying aircraft with kite skills.
Good Luck to the system.

this not medicine, this pumping poison.
ya feed the ducks fat and cull the crows.
guess who was feeding the crows fat.

anyone needs smoke, i have lots stock now.


regards
  • #38,535
  • Feb 1, 2013 12:33pm Feb 1, 2013 12:33pm
Quoting fti
i understand, try flying aircraft with kite skills?
Ai ya TA long time huh?
Nest time try enrol correct flight school.
Is very difficult unlearn stuff sometimes.

makes me feel like smoking again.
dang, smoke damage, no smoke is worst damage, might as well smoke.
anyone give 1 stick? pretty please?
nevermind, lets see if i can make it to 711.

regards
we are in a world where instant gratification is the attitude ppl have,we as human being has become so lazy,we dont want to work hard anymore. by the way fti,leverage is the killer and add to that low capitalization and the urge to become rich as quickly as possible,and u have a perfect recepie for disaster.regards
by the way i am sitting on the otherside of this recent move and u know what save me is not using any leverage and all my bigger positions are above .1.3690 lol and becos of that i have the means to rescue this position but i have the confidence that i will comeout ahead despite playing against the trend.i have already collected about 200 pips lol i call them cream off the milk lol,anyway the time frame i am acting is bigger as well.
ok what happen,how i come to sit against the trend,despite having a long bias at the begining of this qaurter.i think its is greed for making some easy money and changing the horse midway.probably old habit die hard,scorpions all over me.i think i have rigidity in my mindset and not flowing with the market.
not flowing with the market means i am not in the present 'now' and some how once i make my mind it is very difficult to get rid of the opinion and bias.maybe i am forcing my self too hard and should give myself a bit of a time.i even dont know if i am right or wrong becos i am making money somehow becos of the risk managment .

Maybe underwater positions are just the way they will be,becos what i am doing is, positioning my trade against the present short term trend[in my view atleast] and its requirement is that i have a big move so that i will be able to put the whole position in place,otherwise i wont be able to do that.may be the feeling of me wrong is due to my urge of having instant gratification.
ok all comments welcome,and i am trying to find whats wrong and constructive crititism are welcome.if u want to ask about my mindset i will try to answer as much as possible.try to keep ur comments as objective as possible.
Allah has permitted trade and has forbidden interest [koran]
  • #38,536
  • Feb 1, 2013 12:35pm Feb 1, 2013 12:35pm
Well, I'm out for a loss, I'm off to sleep.
  • #38,537
  • Edited 12:51pm Feb 1, 2013 12:41pm | Edited 12:51pm
Quoting drzakir123
by the way i am sitting on the otherside of this recent move and u know what save me is not using any leverage and all my bigger positions are above .1.3690 lol and becos of that i have the means to rescue this position but i have the confidence that i will comeout ahead despite playing against the trend.i have already collected about 200 pips lol i call them cream off the milk lol,anyway the time frame i am acting is bigger as well.
ok what happen,how i come to sit against the trend,despite having a long bias...
dangerous thoughts.
confident?
against trend?
short term?

I like ask how you know this going be short term?

when rates was dropped to 0
i though, oh short term , trying mitigate the debt situation.
will revert slowly when situation improves.
But ai ya is human la,
when pain is gone , forget to switch off the machine, is normal.
we'll see, if is short term.

I guess God helped me.
Would had gone balistics long euro after the nfp.
but due to insanity i am suspended do any trades.

Probablly make pips and get heart attack again.
but is ok la.
dying isn't so bad, if living becomes so meaningless.
whats the point, live like vegetable stay alive, when children visits me i not even able recognise them.



regards
  • #38,538
  • Edited 4:01pm Feb 1, 2013 12:41pm | Edited 4:01pm
Hi Atomic Sheep


you bought there because of TA (resistance/support), look for buyers if you want to go long (I see none atm).




Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #38,539
  • Edited 1:25pm Feb 1, 2013 1:01pm | Edited 1:25pm
Quoting drzakir123
we are in a world where instant gratification is the attitude ppl have,we as human being has become so lazy,we dont want to work hard anymore. by the way fti,leverage is the killer and add to that low capitalization and the urge to become rich as quickly as possible,and u have a perfect recepie for disaster.regards
by the way i am sitting on the otherside of this recent move and u know what save me is not using any leverage and all my bigger positions are above .1.3690 lol and becos of that i have the means to rescue this position but i have...
Dr.
is very disadvantages trading against the trend.
Is a disease process.
Did you wonder why you didn't think go long the euro when therun started.
Going long cable would had been unthinkable. as was rushing down.

Acrophobia, thats why.
Why do you think i had been working on getting the acrophobia out of my system until i became bias?
All signs was in the woodwork already.

Now you want find reason be naughty?
I not know if is short term or long term ?
only thing i know is if anyone is short euro , his donkey is in deep pain, now.

Oh maybe i seeing have life boat for some now.
Ok we wait for the helicopter, the water not rising already hor.
If water rises we can climb to the roof.

You try rescue short euros and you not going even feel what hit you. Becareful. They dead in waters already if you are short euros.
the mfs have couple trillions to burn. you want take them on?

i waiting see what CBs secret meeting going to come out with over the weekend.
best be nimble is all i can say.
rigid?

This not the everyday, ranges.
someone unleased troops into open , premedieated, tanking down all barriers.



regards
  • #38,540
  • Feb 1, 2013 1:14pm Feb 1, 2013 1:14pm
Quoting fti
i just got nice fresh brew of coffee.

ok take a look at ths post and take a look at the chart and tell me again.

http://www.forexfactory.com/showthre...65#post6400665
Fti, I really enjoyed the discussion you had with tubguy from this post on. It was really useful to me, although I wasn't watching the market while you were posting charts and discussing them. The " bids on the right side of the chart and the trap zones on the left side" especially was very interesting. I think detecting these zones is crucial, you see it's one of those " know the enemy" things to me. "Know the enemy and yourself, and you need not fear a thousand battles"

I've been wondering how do the dealers workout these pretty one-directional markets we have seen in the eur/usd and usd/yen, since they are net short in an uptrend, as their job is to be on the other side of the trade.

Since you are the master(teacher) in this thread here is something for you :

"The teacher simply does what he should do, not straining himself in an effort to teach. Therefore, the fact that some students' inner eye will open as a result of the teacher's words and actions and others will not, cannot be helped. The teacher is like the rain falling from the sky without discrimination on the grass covered plain. Understanding or not is up to the students on the receiving side."

Regards, MyTbo
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