Hi Mike,
Hmmmm..... did try to identify the pulse lately 'the question mark'
regards
Trading against trendflow.
lucky had double tops.
regards
Inserted Video
Technical Analysis Fallacy
- #39,001
- Edited 9:01am Feb 21, 2013 8:50am | Edited 9:01am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #39,002
- Feb 21, 2013 9:20am Feb 21, 2013 9:20am
- Joined Mar 2007 | Status: Pip pip | 2,692 Posts
Wow, what a big sin.
you doing things cross borders?
They no detained you as illegal immigrant yet?
just jesting.
maybe you have high level connections?
have passport.
ah which reminds me. need check my high level connections expiry date.
regards
I have many passports... sometimes I confuse them when I hand over wrong one... they then ask... how did you get in??? Oh, you don't have to convince me that God exists.... I know God exists.... I only have problems understanding when someone tells me God doesn't exist... because intelligent people like Stephen Hawking has figured out a way of explaining it...
- #39,004
- Edited 10:00am Feb 21, 2013 9:36am | Edited 10:00am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Hi Fti Sir,
I know you don't like sir but for this time, please allow me to say this. Next time I would try to avoid.
First of all Sir, I would thank you many many time to show us wonderful method and teaching us very well.
I pray for your health and best wishes.
I am following you since long time, as silent student.
Sir, I am have two very big problems and would like to take advise from you what should I do;
1) Time issue due to 9-5 job in New York time and London time is in middle of night.
2) Have small capital from 5k can...
Your kind wishes is heart felt.This is very tough question.
Time management is always a big headache.
Is like you want have the cake and eating it at the same time.
what i can suggest to you is to trade for polishing skills only.
be the best you are at what your job is and save lots capital.
Then when you retired, you can focus bring it to the front to keep you in good stead then.
For your trading Mo, focusing on Far East zone is not a good proposition.
Markets from twinlight to wellington zone to Far East zone seldom sees much action traditionally.
Focus should be from europw crossover to NY zone.
Thats where the actions mostly. Also the very reliable figs strings for decisions.
in your situation, you should not try guess anything.
Pray lots and only trade when you can. When you come on the markets, try not expect too much.
Trade keep ability to flow with rhythm.
I cannot say what you may catch or not do so , that depends on what markets want give you when you available.
Also experiment see if you can stay on the larger flow of things.
Have a overnight limit on exposures and use that try stay on the big flow. Like on hourly charts that takes days to show itself.
make sure positions are small, like 5% of your investables max.
When you on board and watching then you enhance your positions with daylight limits just catch a couple bugs more.
And never over sta daylight limits.
When you need be off, make sure daylight positions are squared, no exceptions.
You need find what works best for you.
But please not try depend on trading for a living, just only as a means for some extra pocket money. Investments if you like.
And in very stressless way. Because your daily interactions with world in other areana can affect your trade mindset skews.
You will miss lots actions , because in fact , no one knows when the moves comes.
so be generous and just catch what ever you can, within your constrains.
Is very very important you must never ever get into death battle situations.
So you always trade small vis a vis you capital outlay and be thankful for what ever you can manage capture.
this best i can advice.In fact truthfully, in time management situations like this, i prefer you forget about trading until you had firmly decided that this is what you want.
If you like trade, thentrade just for pocket money only.
Sorry if i not helped.
regards
wow, hello, 786, sir.
wow, hello, 786, sir.
This is very tough question.
Time management is always a big headache.
Is like you want have the cake and eating it at the same time.
what i can suggest to you is to trade for polishing skills only.
be the best you are at what your job is and save lots capital.
Then when you retired, you can focus bring it to the front to keep you in good stead then.
For your trading Mo, focusing on Far East zone is not a good proposition.
Markets from twinlight to wellington zone to Far...
God bless you Sir, Thanks again from my deep of heart.
- #39,009
- Edited 10:50am Feb 21, 2013 10:10am | Edited 10:50am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Hug from you Sir is a big honour for me
I cannot pay you for this one of best advise for me. That advise would be the base of my big high rise multi-story trading building.
God bless you Sir, Thanks again from my deep of heart.
if you can afford a multi story trading room then, train some one on your skills and guide them.They be your eyes and ears, and you monitor things. Is not diffult nowadays.
everyone has a mobile.
never know what can develop.
i think of one of my friends dad.
he only had a small gambling den in the old days.
worked hard build slowly, now his son runs one of the biggest casinos network in the far east.
We cannot see the future. Only can work , give our best for now, and see where the destiny.
ADD remembers when the old man got slight injured 1 day, while driving a bulldozer clearing trees, make road to is resort.
tough man.Invest in humans, technology is just tools one use enhance communications and control. But depend on no one. Depend on self and pray heaven smiles.
regards
Oh 1 important thing, what ever you do in trading , never force, and over risk.
lots memories.
My dad's buddy. He converted his row of coffee shop into multi story hotel.
remember he spend days pumping water out of the basement foundation. Building in wrong season. nearly went bankupt doing that.
now his son runs big hotel chain worldwide. That were the type of men lived before us. Always investing in themself. Living in honour, whatever the situations. Honourable living bring with it a crowd of honourable friends. We are not an island.
- #39,011
- Feb 21, 2013 10:59am Feb 21, 2013 10:59am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
It is much helped not only for me but I am sure many will take guidance from these wise golden advises. Thanks
I tried to live without trading to convince myself that trading is not for you but I failed Sir.
One question sir, If I dont trade due to time issue and save more and more capital and then at some point I decide to join full time, but at that time I have no practice, skills are rusted and may be all capital will wait in learning?
Once I parked my car on driveway for years, either it become scrap or need lot of money and effort...
you may not understand.most peeps hear riches story then get in trading.
For every success story 95 drowned in markets while learning.
Trading is a business.
No try make big money on 1 trade.
if you got the skills right. You take a little every day from markets. ants work.
then you in business. Only some ants bigger , some ants smaller.
once in a blue moon will have death battles, for that you need use all your skills get out of .
then is back to ants work. Once a while heaven smiles on you and you may get windfalls.
But no allow this get to your head.
only park necessary funds in line with your plans with brokers.
When have excess, always take out.
this to avoid get sucked into ego battles, also is credit risk, never park all your money in 1 place.
regards
They be your eyes and ears, and you monitor things. Is not diffult nowadays.
everyone has a mobile.
never know what can develop.
As I do train ppl for online software projects.
Thanks more for this wonderful tip.
With best regards
most peeps hear riches story then get in trading.
For every success story 95 drowned in markets.
Trading is a business.
No try make big money on 1 trade.
if you got the skills right. You take a little every day from markets. ants work.
then you in business. Only some ants bigger , some ants smaller.
once in a blue moon will have death battles, for that you need use all your skills get out of .
then is back to ants work. Once a while heaven smiles on you and you may get windfalls.
But no allow this get to your...
Today is my one of most luck and best day... learning a lot.... many many thanks sir.
I will take all these posts, get printed and put in my trading room wall.
Best Regards
- #39,014
- Feb 21, 2013 11:16am Feb 21, 2013 11:16am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
<<< then is back to ants work. >>>
Today is my one of most luck and best day... learning a lot.... many many thanks sir.
I will take all these posts, get printed and put in my trading room wall.
Best Regards
go spend some of it. tomorrow work hard again. also work smart.regards
- #39,015
- Edited 11:45am Feb 21, 2013 11:28am | Edited 11:45am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #39,017
- Feb 22, 2013 12:23am Feb 22, 2013 12:23am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
-be careful about what you allow to be put in your mind-