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Technical Analysis Fallacy

  • #39,401
  • Edited 4:58am Mar 20, 2013 4:19am | Edited 4:58am
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the story about legalism.
http://en.wikipedia.org/wiki/Shang_Yang

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  • #39,402
  • Mar 20, 2013 6:51am Mar 20, 2013 6:51am
Ai yo , mouth figures , wild volitility.

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  • #39,403
  • Mar 20, 2013 6:51am Mar 20, 2013 6:51am
Quoting fti
you not get the point.
the lesson is this.
Be very careful with your trading.
if you lose the trading you will be subjected to abuse by the world.

preservation of resources.
and be careful what you allow into your trades. all it takes is evil mindset( ambitions) and rigidity in abilities to adjust.

so be watchful that you not lose your house.
always be sure that trade failure does not cause your foreclosure.
remember the forces that will cause your downfall, may be seen come from outside, but is mostly within.

rehash the lessons the turtle...

Hi fti


my personal experience of this so far is.


I find this is a constant battle for me and have found it can (did) make me overtrade/overexpose without realising it, I have now divided my chart/trading into 'price moves' (the pump and rest moves you kindly explained to me that happen in the market when I first came here) and only allow a maximum amount of trades according to my situation/adjustment to be deployed in any one price move/area (self preservation), it is a fight within myself I feel of impulse/ambition/greed (the scorpion) that tries to make me add extra trades to overexpose myself to gain that bit extra (the market has taught me this is not good to do), so when I feel this I look at the 'price moves' and trade deployments within them in an effort to control this and it seems to be working for me (controlling my trades by what I see is within my comfort zones if things go against me and not what I think I should be doing to get extra pips).
I believe accepting that we do not really have any more than a 50% chance of being right any time we may enter the market helps greatly, but when you have a good run I found that I sometimes I get complacent about staying with the flow as to much confidence builds up (ego), this is a relatively new battle for me and I am trying to find a way to get some control over it other than stepping aside for a while. I can how see the further down the road/journey you get and the more proficient you become at this the more important these battles will be to stabilise your mindset to keep you on the right path.
It is only since my efforts have gone much more towards self preservation and defence that I am managing to collect and hold onto the pips I capture, but as I have said it is the impulse/ambition/greed and fear of losing out that is a constant battle and makes (made) me believe that my effort should be more towards attack when really it is only adjusting to the market within your boundaries/comfort zones that helps you collect and keep the pips you capture. Which for me is the 'art' of doing this'. In 'AOW' terms I guess it is continued rule and defence over the captured lands.



17. This is called, using the conquered foe to augment one’s own strength.
18. In war, then, let your great object be victory, not lengthy campaigns.
19. Thus it may be known that the leader of armies is the arbiter of the people’s
fate, the man on whom it depends whether the nation shall be in peace or in peril.





On another note to everyone I suggested that pepperstone was good fast platform to work with to another poster, well just to let you all know the last few weeks my execution times have for some reason been very slow and the platform has been freezing for a few seconds (up to about 30) at a time regularly, I thought it was just a blip but now it has gone on for a while I am about to send them an email asking why this is, I hope it is not for the reason I think it is. I will update you on what they say and do to rectify this.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #39,404
  • Mar 20, 2013 7:05am Mar 20, 2013 7:05am
Quoting phil13
Hi fti


my personal experience of this so far is.


I find this is a constant battle for me and have found it can (did) make me overtrade/overexpose without realising it, I have now divided my chart/trading into 'price moves' (the pump and rest moves you kindly explained to me that happen in the market when I first came here) and only allow a maximum amount of trades according to my situation/adjustment to be deployed in any one price move/area (self preservation), it is a fight within myself I feel of impulse/ambition/greed (the scorpion)...
i see you understand.
yes tweaking mm to comfort zone is very important.
make best guesses where the out of bound of your financials and adjust master parameters accordingly, as experience guides.
2 factors. Book tolerance and market implied volitility.

regars


regards
  • #39,405
  • Mar 20, 2013 7:21am Mar 20, 2013 7:21am
Inserted Video
  • #39,406
  • Edited 8:45am Mar 20, 2013 8:34am | Edited 8:45am
yes phil, me too..

what happened to me is worst..

after trade without loss in couple days,
i count profit possibility for month or even for next year..
plan how to maximise profit, stretch every move.
then immediately, my trade goes random.
can't feel the pulse, trade against trend.
my ego raises, bring all available margin to market.
at that time, i don't know what happens.
i just feel that something wrong with my MO. not mindset.
so, i try different way,
but keep making same mistake: can't feel the pulse and trade against trend

and after a week in struggle, i'm still in battle for rescuing my position.
fresh mind and sanity is a necessity.


Regards
steady as she goes
  • #39,407
  • Edited 1:55pm Mar 20, 2013 11:59am | Edited 1:55pm
Quoting ti6al4v
Hi
it was't my intention trying to prove anything or make a point of this clip.
And I have nothing to do with this clip except Sarawak is where i live.
Sorry, should have made it clear.
I posted it because i think it is interesting and quite shocking(at least to me it is),
all i ever heard was they are corrupted, blood suckers,etc, but never had anyone told me how they conduct their business.


regards
there lots lots problems in the world.
There lots lots peeps live under duress.
I guess what you said was what i thought.
If someone comes to your house shits, you not bothered. so who you think is going to care.
I heard some peeps brought up these issues.But got out voted.
so its not a problem, isn't it? can't be. everyone seems happy with it.

regards

Actually i have the same type of problems.
There some good friend asking me.
I must have gone nuts giving total strangers what i am giving.
Am i not worried?
I agreed , i fact i am a little worried that they not able understand some stuff.
Anything i can help with.
He went , ya, is it possible for you show me how to trade profitably?
  • #39,408
  • Edited 12:16pm Mar 20, 2013 12:01pm | Edited 12:16pm
Quoting frz
yes phil, me too..

what happened to me is worst..

after trade without loss in couple days,
i count profit possibility for month or even for next year..
plan how to maximise profit, stretch every move.
then immediately, my trade goes random.
can't feel the pulse, trade against trend.
my ego raises, bring all available margin to market.
at that time, i don't know what happens.
i just feel that something wrong with my MO. not mindset.
so, i try different way,
but keep making same mistake: can't feel the pulse and trade against trend

and...
you saw the scorpion.
ok next time crush it, moment it appears.
Take a long cold shower.
If scorpion too huge, take a holiday break.

early detection has best chance for a cure. but this is different, you can't rub it.

regards

by the way, just to rub some salt.
try calculating your annual loss when scorpion appears.
That will make sure you keeps it in check always.
Sorry for my bad, i trying help.
just pulling your leg.
you already know, so you will find ways deal with it.
spending or taking the profits out may help.
Do you remember me tell about having sub accounts?
try move the profits out there and go back to basics.
  • #39,409
  • Edited Mar 21, 2013 12:02am Mar 20, 2013 7:31pm | Edited Mar 21, 2013 12:02am
Quoting fti
you saw the scorpion.
ok next time crush it, moment it appears.
Take a long cold shower.
If scorpion too huge, take a holiday break.

early detection has best chance for a cure. but this is different, you can't rub it.

regards

by the way, just to rub some salt.
try calculating your annual loss when scorpion appears.
That will make sure you keeps it in check always.
Sorry for my bad, i trying help.
just pulling your leg.
you already know, so you will find ways deal with it.
spending or taking the profits...

good morning.

thanks fti.

yes, i think it's the difference between know it and master it.
i know the fundamental lesson, but not yet master it.
i'm in good shape before the scorpion raises. now, i feel like nobody with nothing.
must always remember, need to stay humble when become a king.


market taught me well, if i still not understand, she would keep repeating the lesson.
it's useful lesson for future time. because my ego can comes up anytime.
market provides me questions, then i must find the answers.
what should i do if the scorpion comes up?
(next time crush it, moment it appears. Take a long cold shower. If scorpion too huge, take a holiday break)
what should i do if calamity occurs?
(square from the market.. spending or taking the profits out and go back to basics)


loss is not a big deal than what i've learnt from loss itself.
i think what's more important to me is my progress on learning.
need keep build strong mindset, MO, and MM.


not suffer significant injury on psychological, so keep moving forward.
all hands on the deck captain, head back to battlestation.


Regards

PS: don't let bad trade causing bad temper.
aiya, i must learn to handle it.
it's not good for health and neighborhood
steady as she goes
  • #39,410
  • Mar 21, 2013 2:06am Mar 21, 2013 2:06am
Quoting frz
good morning.



PS: don't let bad trade causing bad temper.
aiya, i must learn to handle it.
it's not good for health and neighborhood
you are welcome

now you become real deal trader.
but must keep practising, otherwise blade becomes rusty.

regards
  • #39,411
  • Mar 21, 2013 2:40am Mar 21, 2013 2:40am
Quoting fti
you are welcome

now you become real deal trader.
but must keep practising, otherwise blade becomes rusty.

regards

much obliged.


Regards
steady as she goes
  • #39,412
  • Mar 21, 2013 2:50am Mar 21, 2013 2:50am
Quoting phil13
Hi fti


my personal experience of this so far is.


I find this is a constant battle for me and have found it can (did) make me overtrade/overexpose without realising it, I have now divided my chart/trading into 'price moves' (the pump and rest moves you kindly explained to me that happen in the market when I first came here) and only allow a maximum amount of trades according to my situation/adjustment to be deployed in any one price move/area (self preservation), it is a fight within myself I feel of impulse/ambition/greed (the scorpion)...
hold that mindset.

regards
  • #39,413
  • Edited 6:24pm Mar 21, 2013 7:26am | Edited 6:24pm
Hi Every1 here, I am a newbie trader.
currently I am still in learning curve of forex. I have following this thread for a long time.
Recently I pick up again on forex study.
I am finding a book "Scientific Interpretation of Bar Charts" by John R. Hill.
I wonder anyone have it?
  • #39,414
  • Mar 21, 2013 8:56am Mar 21, 2013 8:56am
Quoting yorae77
Hi Every1 here, I am a newbie trader from Malaysia.
currently I am still in learning curve of forex. I have following this thread for a long time.
Recently I pick up again on forex study.
I am finding a book "Scientific Interpretation of Bar Charts" by John R. Hill.
I wonder anyone have it?
Hi Yorae77 and welcome- The best is to start with studying the first 200pages of the thread. Regards
  • #39,415
  • Edited 12:42pm Mar 21, 2013 8:59am | Edited 12:42pm
Inserted Video



can't manage, rob? fine governance.

http://intellihub.com/2013/03/20/new...bank-bail-out/

maybe some one had better call in the police.
no that bad idea.
if only i can get everyone in china move $1 from their account into mine. why work?
ai ya no power. next dream.

Walking while sleeping is called sleep walking.
thinking while sleeping is called?

whats the nz$ doing?
maybe i may just make a fortune sell that?
seems someone knows something we not aware of.
hinting us?
ok need wait wellington wake up , see if they have make proposing deal we cannot refuse.
ai ya forgot, i on suspension, no lines.
next dream please.
i think i better pinch myself hard wake up from this hullucinating.



regards
  • #39,416
  • Edited 4:04pm Mar 21, 2013 3:13pm | Edited 4:04pm
i found this on the cartoon thread.

Attached Image
-be careful about what you allow to be put in your mind-
  • #39,417
  • Mar 21, 2013 8:25pm Mar 21, 2013 8:25pm
Quoting phil13
i found this on the cartoon thread.

Attachment

Now that is truth. Or it could be...give a few men a government.?
  • #39,418
  • Edited 11:58am Mar 22, 2013 10:02am | Edited 11:58am
Quoting tubguy
Now that is truth. Or it could be...give a few men a government.?
ya ya, all i takes is a few of them want walk around topless and everyone need dive for cover.

used to have family values and honour and integrity and morals.
but too many of these died in wars.
alls left are golden spoon fed spineless soft bones.
Tells heeap about the peeps that called leaders , these days.

How can they justify stealing from peeps savings. This peeps will have no problem selling their grandmother.
And they not even touch my money. But i feel for those sheeps living with them. Is just wrong stealing by abusing power..
if need capital, do like everyone ese, got ask and borrow.
I hope they have an election soon, so that they can send these sheeps to pasture, before they destroy the whole banking system.

Is a good thing this world not last forever. God 's smart.
Gave us the atom , so that can acelerate things.

regards

I keep thinking this got to be kids managing.
i am suprised they not started a run on the banks, and maybe help them declare insolvency faster.
  • #39,419
  • Mar 22, 2013 12:08pm Mar 22, 2013 12:08pm
what a jerk they gave in cable.
nice honourable trading mate.

regards
  • #39,420
  • Mar 23, 2013 3:35pm Mar 23, 2013 3:35pm
So there is a new virtual currency now...which trades with real world and i am trying to understand what it is..


http://bitcoin.org/en/

http://mashable.com/2013/03/22/house-bitcoins/


http://abcnews.go.com/Business/cypru...ry?id=18792763

http://cgi.ebay.com/ws/eBayISAPI.dll...m=251249791008
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