Dunno about you lot but I've been killed off today 
-35 pips
time for a beer then!
-35 pips
time for a beer then!
https://linktr.ee/Soultrader
Technical Analysis Fallacy
- #39,687
- Apr 12, 2013 11:19am Apr 12, 2013 11:19am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Dunno about you lot but I've been killed off today
i fell asleep again. ok 2 pips is also profits.nothing to complain about.
oops sorry i only took 2 of your pips x 300k.
regards
- #39,688
- Apr 12, 2013 11:19am Apr 12, 2013 11:19am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
-be careful about what you allow to be put in your mind-
- #39,689
- Apr 12, 2013 11:23am Apr 12, 2013 11:23am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
the big stops is above 1.55? {image} small stops above 5380? chief, so you are long and you hope someone will run the stops that are currently north? trying to check if i understood you correctly
what kind of birds is that?ya long for the longest time.
what else can i expect? Can i move markets with my size?
My mind may be a little kinky , but surely i not got delusions of Grandure yet.
regards
- #39,690
- Edited 11:42am Apr 12, 2013 11:27am | Edited 11:42am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Hello FTI and Friends Fti i see that you posting recently may be it is a sign of a better health Wish you gain your strength as much as you can. I have a question when you say ducks Do you mean something like i attached in a pic ? regards Michael {image}
no michael, ducks is what we call them. sitting ducks.
I think you call them STOP LOSS ORDERS aka stops.
regards
I think you missed it.
I explained about that somewhere in begining 200 of the thread.
i wonder, or did i only explained it to leighsww.
i forget.
http://www.forexfactory.com/showthre...88#post1731788
- #39,691
- Apr 12, 2013 11:35am Apr 12, 2013 11:35am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Dunno about you lot but I've been killed off today
oh by the way if 35 pips can kill you, then i really suggest you think about your over trading.
i give that away just to get into a position sometimes.
maybe not so much, maybe 10 to 15 pips.
regards
- #39,693
- Edited 12:02pm Apr 12, 2013 11:44am | Edited 12:02pm
- Joined Nov 2007 | Status: Trader | 19,782 Posts
They are called angry birds. It's a popular smartphone app game! They are so angry cos some pigs took their eggs!
Bulls makes money,
Bears makes money,
PIGS gets slaughtered.
This one is hard to explain, is a market secret and a long story. Generally BULL and BEARs trade LONG tenure, problem is i not understand what their LONG means.
PIGS are the ones on both sides of the bus stops.
http://www.forexfactory.com/showthre...48#post1735948
Birds sings secrets, but you need able catch them first. Usually you can catch them...........
pigs have eggs?oh now i am confused. what chickens have?
Maybe phone is not so smart, but very creative.
which reminds me. whatever happened to sim wong who, and his creative.
regards
- #39,694
- Apr 12, 2013 12:16pm Apr 12, 2013 12:16pm
there is another sg guy.. invented thumbdrive but didn't patent it. ahha.. ended up not being famous..
- #39,695
- Edited 12:59pm Apr 12, 2013 12:41pm | Edited 12:59pm
- Joined Nov 2007 | Status: Trader | 19,782 Posts
yea.. pigs have internal eggs like human. hahaha. chicken are like pigs.. they like to cross the road to the bus stop on the other side...
what an evil world we live in.
i think if he's not dead can reinvent the SSD harddrives, its based on same concept.
actually i waiting for the chap who is going to invent harddrives that plugs into the ram slots.
no need have north bridge south bridge shit. just direct access.
still waiting.
All the computer vintage crap is already bullshit. Everything can be on board the mobo.
next one comes out with the new comp will be a complete compact all on mobo.
all the tablet and phone craze just basically that, but they try monolpolise it by proprietryness.
otherwise who's going to pay for their machinery installments.
Is not a tech problem, a commerce scam.
anyone bought a typewriter recently?
regards
- #39,696
- Apr 12, 2013 1:05pm Apr 12, 2013 1:05pm
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
-be careful about what you allow to be put in your mind-
- #39,697
- Apr 13, 2013 12:45am Apr 13, 2013 12:45am
Hello FTI
Another weekends came
time to review the trades
Thanks for the answer i difently will go back to read once again.
Just want to make myself clear about what i said in my post. i think that i ment exactly what you said about stop loss.
Here is the same chart but i try to explain it more clear.
Point A (price=1.3043) was a lower low level and the stops (ducks) are under that level
Point B (price=1.3039) the price came down just under (A) to clear previous stop level
Point C (price=1.3036) the price came down just under (B) to clear stops.
Point D and E (price=1.3076/5) are the place where stop loss orders of resistance
Point F just cleared that level
Hope now more clear what i presented in previous chart
To all guys in here
Have a nice weekend
regard
Michael
Another weekends came
time to review the trades
Thanks for the answer i difently will go back to read once again.
Just want to make myself clear about what i said in my post. i think that i ment exactly what you said about stop loss.
Here is the same chart but i try to explain it more clear.
Point A (price=1.3043) was a lower low level and the stops (ducks) are under that level
Point B (price=1.3039) the price came down just under (A) to clear previous stop level
Point C (price=1.3036) the price came down just under (B) to clear stops.
Point D and E (price=1.3076/5) are the place where stop loss orders of resistance
Point F just cleared that level
Hope now more clear what i presented in previous chart
To all guys in here
Have a nice weekend
regard
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
- #39,698
- Apr 13, 2013 8:20am Apr 13, 2013 8:20am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Hello FTI Another weekends came time to review the trades Thanks for the answer i difently will go back to read once again. Just want to make myself clear about what i said in my post. i think that i ment exactly what you said about stop loss. Here is the same chart but i try to explain it more clear. Point A (price=1.3043) was a lower low level and the stops (ducks) are under that level Point B (price=1.3039) the price came down just under (A) to clear previous stop level Point C (price=1.3036) the price came down just under (B) to clear stops....
michael.what you trying to say from charts in not entirely wtong.
Your respond should be vierd to how your book is looking.
in a good state, you may want attempt rescue the situation.
If book is unhealthy , then is best to stop digging, so as not to get too deep.
if in really bad shape then damage control is most prudent.
There is no 1 solution fits all for risk taking.
The maxim is take risk if you can afford to.
but you must always be ready pull the plug if situation becomes hairy.
prices breaking top s and bottom can actually mean nothing or it could be the life float that may save your book.
If one is near margin call then prudence risk taking must be the road one takes.
if lots foreign cap, you won't really feel any pain escalating the risk.
most important is you mustknow that you are in control of your book.
if you had been a good general, the book, it will follow you to the end ogf earth and back, if it has to.
You must know that you are driving your trades, and you know a certain certainty, that if you send them out , you have means retrieve them when necessary.
regards
- #39,699
- Edited 8:56am Apr 13, 2013 8:38am | Edited 8:56am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
i had been thinking how to give a concise answer to the newbie question that he asked, but i cannot find his post again.
any way for any one who may have same type of question in the mind.
let me try to atriculate this the best I can.
Basically TA is a skill set.
Different peeps have diffierent levels of profiency in reading charts.
generally if you have skills above 60% of being on the ball, you should be in good stead. Nevertheless still need look out for that criritical bullet.
Generally we humans have 5 senses. Some of us may develope a kind of sixth sense,if our experience in our tasks brings us there.
TA if you like is only 1 of this senses.
You may have a nec see things clearly and position well using TA, but that doesn't mean that you should switch off the other sense.
Although TA can become a good timing mechanism for positions, one still needs to knwo whats happening in the markets.
Some of us have little to go on except for the news wires, but is always good have second opnion reads of whats happening.
Some like go on autopilot. but in reality, mostly need human intervention call the ball, when auto pilot may hit a snair.
This what your mind id for, managing things. trivil little things that may mean eith you hit the wall , or scrape by with a little hair folical scarificed.
a little intervention can sometime, be the differce between life or death.
You know, the differnce between the winning horse and the second horse may just be a nose. But the pay out difference is huge.
there is no payout for losing a nose. And the difference, is the skill of the jockey, when to use that whip.
In our case , is whether we know of something , that makes us prudent to whip home.
I hope i making sense to you my friends, althought i can be already be classified as lost my bonkers.
regards
any way for any one who may have same type of question in the mind.
let me try to atriculate this the best I can.
Basically TA is a skill set.
Different peeps have diffierent levels of profiency in reading charts.
generally if you have skills above 60% of being on the ball, you should be in good stead. Nevertheless still need look out for that criritical bullet.
Generally we humans have 5 senses. Some of us may develope a kind of sixth sense,if our experience in our tasks brings us there.
TA if you like is only 1 of this senses.
You may have a nec see things clearly and position well using TA, but that doesn't mean that you should switch off the other sense.
Although TA can become a good timing mechanism for positions, one still needs to knwo whats happening in the markets.
Some of us have little to go on except for the news wires, but is always good have second opnion reads of whats happening.
Some like go on autopilot. but in reality, mostly need human intervention call the ball, when auto pilot may hit a snair.
This what your mind id for, managing things. trivil little things that may mean eith you hit the wall , or scrape by with a little hair folical scarificed.
a little intervention can sometime, be the differce between life or death.
You know, the differnce between the winning horse and the second horse may just be a nose. But the pay out difference is huge.
there is no payout for losing a nose. And the difference, is the skill of the jockey, when to use that whip.
In our case , is whether we know of something , that makes us prudent to whip home.
I hope i making sense to you my friends, althought i can be already be classified as lost my bonkers.
regards
- #39,700
- Apr 13, 2013 8:55am Apr 13, 2013 8:55am
- Joined Feb 2008 | Status: Trader | 6,736 Posts
Time hides Nothing