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Technical Analysis Fallacy

  • #38,641
  • Edited 10:02pm Feb 4, 2013 9:48pm | Edited 10:02pm
Quoting tubguy
Honestly, I have no idea. Just trading a chart that looked good at the moment. Didn't even look at it till you brought it up.
Probly another one of my Opp's moments. I'm sure I looked at it and never switched back.
Tub,
the most efficient and core markets used to be the usd/dmk.
she has grown up and become the euro now.
this the reason why your core activities should be centered around the euro/usd.
then beside her you should have cable and yen, these the next layer of the core. then the swissy.
These called the majors, ie major markets.
after building the core in place you need incorporate the crosses between the 4 core majors in strategic manner so as to feel the flow of the majors.
Noticed i never mentioned usd. That because usd is the center of the wheel. Drives everything.

after these are mastered you need build into your MO, the emerging markets.eg aud,

after that build in, at the corner of your eyes, the gold markets, black gold and bullion.

that would keep you busy for a couple of years.

regards

when you come on hot seat everyday.
scan thru whats happening in euro , cable, yen.
then see if swissy is moving in tendem.
swissy is the usd sparing partner, because she very linked to Bullion.
thats how you should be scanning thru the terrain of ops until you recognises whats doing in the markets.

all abnormalities of crosses structure you can see while scanning the majors.

The new era traders divided the markets to the dominanats and the USDs
1 section is the euro & cable , the dominanats.
1 section is usd/yen and usd/chf, the USDs.
is becoming more like 2 kingdoms and their crosses.
  • #38,642
  • Feb 4, 2013 9:54pm Feb 4, 2013 9:54pm
Mail sent again
  • #38,643
  • Edited 10:21pm Feb 4, 2013 10:07pm | Edited 10:21pm
Quoting tubguy
Yes, seriously. I have a bad habit of going in head first and full force. I just took it for granted that it was E/U I had open because that is normally all
I had open. Till Fti straightened me out. Now I keep my Mt4 with all charts and trade on Ctrader platform with one chart open on it.
you should scout out the terrain initially get the rhythm of the flows.
Then that will give you the pic of the main flows.
are they moving in the core or the layers.

you should start scouts, then from center of your skew branch in or outwards until point of tolerence break.
after tolerance break , is death battle territories, another skew of ops.
In normal markets , you should be peaking out somewhere between the middle of rescue ops or attack sequense.
In exceptional terrain, you must limit at the threshold of pain.
threshod of pain should be no more than 3to 5 % of cap(principal). depending on your foreign cap availabilities.


regards

remember law of motion. when scanning the core majors always indentify the core motion.
never be trading piggish, always stay in the law of motion until you stop for the day.
Do not try catch evey thing the market does, just focus your pips which markets willing to give.
Another day another battle.
  • #38,644
  • Feb 4, 2013 10:15pm Feb 4, 2013 10:15pm
Quoting fti
i believe you are training.
in training mode anything is ok.
you just need get the %s of your performance , % of your threshold of pain, your %s of stable consistency.
%s and feel of your thresholds of eveything in all market enviroments she affords you, before going in with real money.

Later reply an example of your basic infrastracture as saw a post where you said about it.

regards
yes sir, definitely still training. Working every day to get as proficient as I can.

Not sure I understand about "an example of my basic infrastructure" But i will gladly take a stab at it soon.
  • #38,645
  • Feb 4, 2013 10:17pm Feb 4, 2013 10:17pm
Quoting fti
Tub,
the most efficient and core markets used to be the usd/dmk.
she has grown up and become the euro now.
this the reason why your core activities should be centered around the euro/usd.
then beside her you should have cable and yen, these the next layer of the core. then the swissy.
These called the majors, ie major markets.
after building the core in place you need incorporate the crosses between the 4 core majors in strategic manner so as to feel the flow of the majors.
Noticed i never mentioned usd. That because usd is the center of the wheel....
Wow! Thank you for such a great post. I have copied this to my file I am starting as a reference for each time I am gonna trade. Help me remember.
  • #38,646
  • Feb 4, 2013 10:23pm Feb 4, 2013 10:23pm
Quoting tubguy
yes sir, definitely still training. Working every day to get as proficient as I can.

Not sure I understand about "an example of my basic infrastructure" But i will gladly take a stab at it soon.
sit down and start slowly.
impliment only things you initially understand.
then slowly add things that you learn.

regards

do this 1st thing
line the 4 majors side by side
trade the most liquid market.
the most liquid markets can be identified by 2 characeristics.
1 is spread.
2 is nummber of times it moves,blips if you like.
  • #38,647
  • Feb 4, 2013 10:24pm Feb 4, 2013 10:24pm
Quoting fti
you should scout out the terrain initially get the rhythm of the flows.
Then that will give you the pic of the main flows.
are they moving in the core or the layers.

you should start scouts, then from center of your skew branch in or outwards until point of tolerence break.
after tolerance break , is death battle territories, another skew of ops.
In normal markets , you should be peaking out somewhere between the middle of rescue ops or attack sequense.
In exceptional terrain, you must limit at the threshold of pain.
threshod of pain should be...
I must say, I am humbled by these clear explanations. Cannot thank you enough!
This answered questions I intended to ask and have not done so yet.
My hats off to you sir.
  • #38,648
  • Feb 4, 2013 10:28pm Feb 4, 2013 10:28pm
Quoting tubguy
I must say, I am humbled by these clear explanations. Cannot thank you enough!
This answered questions I intended to ask and have not done so yet.
My hats off to you sir.

thanks for the hat.
if you come to my office , you will see me wearing it on monday.......................last words on a podium, JFK.

regards
  • #38,649
  • Feb 4, 2013 10:29pm Feb 4, 2013 10:29pm
Quoting fti
sit down and start slowly.
impliment only things you initially understand.
then slowly add things that you learn.

regards

do this 1st thing
line the 4 majors side by side
trade the most liquid market.
the most liquid markets can be identified by 2 characeristics.
1 is spread.
2 is nummber of times it moves,blips if you like.
Will do this as soon as I get home from my tub job tom. realizing just how much I don't know yet. Strange how I hated school but love to learn.
  • #38,650
  • Feb 4, 2013 10:31pm Feb 4, 2013 10:31pm
Quoting fti

thanks for the hat.
if you come to my office , you will see me wearing it on monday.......................last words on a podium, JFK.

regards
LOL Maybe someday I can make enough to get to SG and I'll give ya the very first hat I ever had. Still have it. LOL
  • #38,651
  • Feb 4, 2013 10:32pm Feb 4, 2013 10:32pm
Quoting tubguy
Will do this as soon as I get home from my tub job tom. realizing just how much I don't know yet. Strange how I hated school but love to learn.
thats because you a scout.
maybe you would like benefit you kids.

buy them each a copy "scouting for boys by BP"
then just no interfere and see how far they get with the book.

maybe you like read it. May change you to the real you.
Ernest Thompson Seton's BSA is a little different, but is ok. need have a community, BSA is good fellowship, they brothers.
Best training style is still in Browne seas experiment.


regards
  • #38,652
  • Feb 4, 2013 10:37pm Feb 4, 2013 10:37pm
Quoting fti
thats because you a scout.
maybe you would like benefit you kids.

buy then each a copy "scouting for boys by BP"

regards
I'll look it up. they may be to old now. LOL
I see from your edit, that it may be a book for us older folks as well.

Btw. speaking of tolerance break. Earlier I pushed it to only $11 of margin left but brought the account back. Went 1,1,2,5,10 had to take a very
small loss of foreign cap there as she was gonna turn back against me. Got the rest back with just a scout.
  • #38,653
  • Feb 4, 2013 10:42pm Feb 4, 2013 10:42pm
Quoting tubguy
I'll look it up. they may be to old now. LOL
I see from your edit, that it may be a book for us older folks as well.

Btw. speaking of tolerance break. Earlier I pushed it to only $11 of margin left but brought the account back. Went 1,1,2,5,10 had to take a very
small loss of foreign cap there as she was gonna turn back against me. Got the rest back with just a scout.
too old?
if not because of my immobility , i would be still living like that.
only difference , i have lots new toys.

I still waiting see when Capts cat (catamaran)ready, still want to go out, even if its with a bang.

regards
  • #38,654
  • Feb 4, 2013 10:43pm Feb 4, 2013 10:43pm
Never seen a thread on here with this many 10v's on it.
Attached Image (click to enlarge)
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  • #38,655
  • Feb 4, 2013 10:47pm Feb 4, 2013 10:47pm
Quoting fti
too old?
if not because of my immobility , i would be still living like that.
only difference , i have lots new toys.

regards
I hope I can get back to it someday. I like a simple life. Always something to do in the country. i get tickled at my dad, he was raised on a farm and can't understand why I want things simple. All I need is a comfy place to sleep,enough food,and a clean butt. Fancy ain't my style.

Try finding a woman in the city that will live like that?
  • #38,656
  • Edited 11:03pm Feb 4, 2013 10:49pm | Edited 11:03pm
Quoting tubguy
I'll look it up. they may be to old now. LOL
I see from your edit, that it may be a book for us older folks as well.

Btw. speaking of tolerance break. Earlier I pushed it to only $11 of margin left but brought the account back. Went 1,1,2,5,10 had to take a very
small loss of foreign cap there as she was gonna turn back against me. Got the rest back with just a scout.
try do as little death battles as you can, best is none.
one can get killed in death battles.
"BE PREPARED" but be prepared live not die hor.


regards

oh the BP book, is life to some peeps, to others is just paper.

i going give you lots stuff read.
after you finished with scouting for boys, read rovering to success, then the ultimate secrets, lessons from the university of life. BP's last book.
then if you can be master, read the last, Aids to scoutmastership.

if you manage master all.
please help me.
I am at roadside stranded and broken down. thumbing a lift.
  • #38,657
  • Feb 4, 2013 10:51pm Feb 4, 2013 10:51pm
Quoting fti
try do as little death battles as you can, best is none.
one can get killed in death battles.

regards
Certainly. i don't like em at all. I either got fooled or rigid on that one. I think rigid.
  • #38,658
  • Feb 4, 2013 10:55pm Feb 4, 2013 10:55pm
Hi what 10V u mentioned? Sori never came across that.
  • #38,659
  • Feb 4, 2013 11:00pm Feb 4, 2013 11:00pm
Quoting doddy
Hi what 10V u mentioned? Sori never came across that.
ultimate ego? v stands for very.

regards
  • #38,660
  • Feb 4, 2013 11:02pm Feb 4, 2013 11:02pm
Never really understooded it,went back into FF and read the Vouch thing. Now understooded. What did I miss?
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