so simple , yet why cannot understand?everything every one wants oWn?
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Technical Analysis Fallacy
- #39,101
- Feb 25, 2013 5:11am Feb 25, 2013 5:11am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
so simple , yet why cannot understand?everything every one wants oWn?
- #39,103
- Feb 25, 2013 8:00am Feb 25, 2013 8:00am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
-be careful about what you allow to be put in your mind-
- #39,105
- Feb 25, 2013 2:18pm Feb 25, 2013 2:18pm
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
-be careful about what you allow to be put in your mind-
- #39,106
- Feb 25, 2013 9:21pm Feb 25, 2013 9:21pm
when I finally stopped looking for the rubbish I had learnt and started to look at myself and what really was going on in the market, that is when I started to see things clearer, the rest just developed over time with practice, you seem open to this way of trading and have done your homework before posting here so I am sure you will start picking up the bits, working out how to put them together and work out the strategies to deal with what the market throws at you with a bit of patience and practice.
It was not easy for me either...
yes, i agree with you phil.
those rubbishs have molding rigid in my mind overtime.
and not easy for me to relieve my mind from it. it's like addicted on drugs.
it gives me false confidence. and of course, its signal often contradict with the market.
made me do the same repetitive mistake.
so, now i have keep struggling my self to stop looking at it.
Regards
steady as she goes
- #39,107
- Feb 26, 2013 3:05am Feb 26, 2013 3:05am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
yes, i agree with you phil.
those rubbishs have molding rigid in my mind overtime.
and not easy for me to relieve my mind from it. it's like addicted on drugs.
it gives me false confidence. and of course, its signal often contradict with the market.
made me do the same repetitive mistake.
so, now i have keep struggling my self to stop looking at it.
Regards
Hi frz
yes, it is very hard to get rid of, in fact I am not sure that you can completely get rid of it, yesterday I was not feeling 100% so at about 10am I stopped trading and decide to sit aside until I felt better, by the after noon I was feeling a little better so I traded but I knew that I still should not really (my inner voice), I did not listen and paid the price, I could clearly see flow was down in the afternoon but I traded against it believing it would/was about to turn (this is not something I normally do), I am looking at it now and I am thinking 'what an idiot' now I have to spend my time rescuing my mistake, luckily though because I had this doubt yesterday I only traded very light and I have manage to rescue most of it already today.
Even though I (try to) trade without thinking about the previous rubbish I learnt it obviously surfaced yesterday and that was why I took those trades, not that I have any indy's or lines to represent them on my charts but you can still see them without realising it.
While writing this I have managed to rescue the rest of my mistake. All my fault for not doing what I knew deep down was the right thing, I believe one of the reasons this happened to me was because I have been having a good run for a while now and 'ego' crept in without me realising, this is when it gets in unnoticed easily when everything is going fine and you let your guard down a little, I was lucky this time maybe next time I will not be so fortunate.
Regards
Phil.
-be careful about what you allow to be put in your mind-
- #39,108
- Edited 5:34am Feb 26, 2013 4:58am | Edited 5:34am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
yes, i agree with you phil.
those rubbishs have molding rigid in my mind overtime.
and not easy for me to relieve my mind from it. it's like addicted on drugs.
it gives me false confidence. and of course, its signal often contradict with the market.
made me do the same repetitive mistake.
so, now i have keep struggling my self to stop looking at it.
Regards
don;'t be so hard on self.no one's perfect.
relax, ease back confortably. ask ambition take back seat, and it will come to you.
even i still smokes.
even i still eats.
some things are not easy drop , when have picked up.
is part of life.
Just no do evil.
If i felt the cig or my dinner cry in pain , then i stop.
Just that i not see my dinner cry in pain.
Its dead anyway, and i have to eat.
I wonder if i would kill my dogs for dinner if there was no food, and i was starving to death.
Normally those who see the slaughtering , becomes vagen eventually.
Those who enjoy eat, normally those who buy dead meat well packaged.
can't be perfect, only striving for execellence every day.
don't be too hard on self, make less mistakes everyday.
one day we go home then maybe we can be perfect.
realisation of disease is 1st steps to cure.
if beast comes at you, either tame it or kill it. If becoming beast is only option, so be it.
and may God have mercy on us. We strive be kind as best we can, ask forgiveness and mercy as we learn forgive and give mercy.
ask not be lead to temtation, deliver us from evil.
We may succeed if we learn diliver us from self, then healing begins, peace within and good things comes to us.
back to my cage.regards
- #39,109
- Edited 6:30am Feb 26, 2013 6:12am | Edited 6:30am
Hi frz
yes, it is very hard to get rid of, in fact I am not sure that you can completely get rid of it, yesterday I was not feeling 100% so at about 10am I stopped trading and decide to sit aside until I felt better, by the after noon I was feeling a little better so I traded but I knew that I still should not really (my inner voice), I did not listen and paid the price, I could clearly see flow was down in the afternoon but I traded against it believing it would/was about to turn (this is not something I normally do), I am looking at it now...
yap, i couldn't completely get rid of it.
just knowing what work or what doesn't work.
it would mold my new perception overtime.
wow, rescue thingy is something that i'm studying now.
suprised that method could minimalise pain effectively.
Regards
steady as she goes
- #39,110
- Feb 26, 2013 6:24am Feb 26, 2013 6:24am
no one's perfect.
relax, ease back confortably. ask ambition take back seat, and it will come to you.
can't be perfect, only striving for execellence every day.
don't be too hard on self, make less mistakes everyday.
one day we go home then maybe we can be perfect.
realisation of disease is 1st steps to cure.
regards
thank you, my friend
yes, i know it will come to me.
as a newbie, i'm in my biggest curiosity level.
so, i'm take it as a part of my learning curve.
it's gonna be long journey.
and also it's gonna be fun.
as long as my capital could afford my curiosity.
so, i'm just holding on rule of preservation capital.
Regards
steady as she goes
- #39,112
- Feb 26, 2013 7:19am Feb 26, 2013 7:19am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
yap, i couldn't completely get rid of it.
just knowing what work or what doesn't work.
it would mold my new perception overtime.
wow, rescue thingy is something that i'm studying now.
suprised that method could minimalise pain effectively.
Regards
Hi frz
I personally now use attack and rescue as one trading tool to adjust my positions according to the market conditions, I now totally accept that all/any of my trade entries only have 50/50 or less chance of being correct so I will often turn a rescue into attack to gain a better starting position, but in this instance it was completely my idiotic error that put me in that position so I just wanted out of that trade altogether to clear my mind of it and start again clear and fresh.
I always reserve plenty of back up for my defence, you never really know what the market will do next to catch you out and then there is YOU to add to all the uncertainty as well, so a good comfortable defensive strategy is vital for your account's survival. As already said many times try and avoid death match's they do far more damage than just drain your account.
For this style of trading there is no 'do this when this happens', every moment in the market is unique and we all have different personal limits and abilities, so it requires you to build up your own bank of personal experiences to enable you to deal with what is thrown at you, I personally found my way through looking at the basics and the buyers and sellers in the market and what they are doing now and how there relationship works, that lead me to start to see and feel the 'flow and rhythm' of the market, this made me realise that you can trade from a basic line chart where I personally find it easier to see what is going on, but it may be different/something else for you that helps you see the market clearer as we all see the world from a different perspective.
Regards
Phil.
-be careful about what you allow to be put in your mind-
- #39,113
- Feb 26, 2013 7:31am Feb 26, 2013 7:31am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
This sounds just like me and my rigid ways a few pages back. Glad it worked out for ya.
At least you could manage, my broker lost the feed for 5 hours. Never been that worried before.
Hi Mike
I have been in that position before
, not good, hence the broker trawling I have done.I should of know better, but it was a good reminder, maybe I need one of fti's brick phones to hit some sense into me, I am very happy the reminder lesson was not to harsh though.
that what does not kill us only makes us stronger.
Regards
Phil.
-be careful about what you allow to be put in your mind-
- #39,114
- Feb 26, 2013 7:58am Feb 26, 2013 7:58am
Hi frz
I personally now use attack and rescue as one trading tool to adjust my positions according to the market conditions, I now totally accept that all/any of my trade entries only have 50/50 or less chance of being correct so I will often turn a rescue into attack to gain a better starting position, but in this instance it was completely my idiotic error that put me in that position so I just wanted out of that trade altogether to clear my mind of it and start again clear and fresh.
I always reserve plenty of back up for my defence,...
well, market has wipe my account several times.
and i know this will happens to me,
so, before it happens.. i divide my capital.
i'm trade with just little of that amount.
in the case of rescue attack thingy, i have lose several time due lack of understanding.
market taught me well
this is powerfull stuff, but if i had no better understanding, it would kill my account entirely.
so, now my task is knowing where i must cut the losses and where i ought to rescue.
glad to know you have found your way to feel the market.
Regards
steady as she goes
- #39,115
- Edited 9:38am Feb 26, 2013 8:48am | Edited 9:38am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
good respectful interactions, experience sharing.: )many good friends here.: ) honour respect ,, huat ahh!. Oh just a moral booster,means wealth! in minnan chinese.
otherwise, fart ahh!, means same in cantonese.
Chinese New Year exzuberance.
otherwise bangsai!, oh not in minnan, in japanese.Lots memories, when we made good last time. one my bosses nakagawa san, he likes go bangsai!. And my mind switches to minnan language hokkien.
We will both be laughing very loud.
ai ya those days.Hakka is Fatt Choi!
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regards
- #39,117
- Feb 26, 2013 9:01am Feb 26, 2013 9:01am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
well, market has wipe my account several times.
and i know this will happens to me,
so, before it happens.. i divide my capital.
i'm trade with just little of that amount.
in the case of rescue attack thingy, i have lose several time due lack of understanding.
market taught me well
this is powerfull stuff, but if i had no better understanding, it would kill my account entirely.
so, now my task is knowing where i must cut the losses and where i ought to rescue.
glad to know you have found your way to feel the market.
Regards
Hi frz
lessons are all part of the journey. some are tough.
you do realise that nothing is fixed/set in stone, for example there are no rules if your attack/rescue starts to go against you there are many options still available to you, think about it and what you could do, for me first to consider quickly is to lighten the load (cut/kill some, half maybe?), helps stem the bleeding. I have found many people who come here neglect this option, also it can be done again and again as the market moves against you, if you wish, of course ideally you want to managed your trades without cutting any but that is not always the best option and you do not have to only use funds from that pair to offset the loss.
For me my trade starts when I turn my computer on and finishes when I turn it off, the sum of everything that I have done while my computer is on is my trade for that period.
Regards
Phil.
-be careful about what you allow to be put in your mind-
- #39,118
- Feb 26, 2013 9:31am Feb 26, 2013 9:31am
- | Joined Sep 2009 | Status: Trader | 1,227 Posts
Hi Mike
I have been in that position before
I should of know better, but it was a good reminder, maybe I need one of fti's brick phones to hit some sense into me, I am very happy the reminder lesson was not to harsh though.
that what does not kill us only makes us stronger.
Regards
Phil.
I would have been spot on with that 5 level and already had made the decision to kill all if that one didn't hold. But, thank god it held and I
made out ok after the feed was restored.
btw. I can't trade at Pepperstone. No U.S. clients allowed. damn shame, I liked what I saw.
- #39,119
- Edited 10:06am Feb 26, 2013 9:40am | Edited 10:06am
Hi frz
lessons are all part of the journey. some are tough.
you do realise that nothing is fixed/set in stone, for example there are no rules if your attack/rescue starts to go against you there are many options still available to you, think about it and what you could do, for me first to consider quickly is to lighten the load (cut/kill some, half maybe?), helps stem the bleeding. I have found many people who come here neglect this option, also it can be done again and again as the market moves against you, if you wish, of course ideally...
yap, lighten the load is best option when bleeding.
now, i tend not to add some risk when bleeding.
stay light till i see the opportunity.
in my case, i will not open position in the same direction of negative position till i feel safe to do it.
and to be able to do it excellently, i must get feel of the current trend in the market.
unfortunately, it's a rare thing.. i seldom do it excellently.
indeed, some of it are tough journey.
Regards
steady as she goes
- #39,120
- Edited 11:48am Feb 26, 2013 10:14am | Edited 11:48am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
one of my favorite clubbing songs.
problem is i cannot find clip of the favorite singer.
Kazuko Matsumura
This also good.
how sound can transport thr mind to old ambience.
Aya sings very well too. Beautiful vocal control. Deep diaphram power. yeeha, i like.
This song is so very tricky, need refrain just 1 notch from vocal limits.
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Inserted Video
problem is i cannot find clip of the favorite singer.
Kazuko Matsumura
This also good.
how sound can transport thr mind to old ambience.
Aya sings very well too. Beautiful vocal control. Deep diaphram power. yeeha, i like.
This song is so very tricky, need refrain just 1 notch from vocal limits.