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Technical Analysis Fallacy

  • #39,781
  • Apr 18, 2013 7:06am Apr 18, 2013 7:06am
Quoting Zoran
Just over a week and I think I know how you feel. Having vivid dreams? My jet lag is almost over. I woke up just before 6am this morning so I think I'm (almost) back to normal. Markets are playing funny games but you will still understand more than most. Cheers my friend
so kind .
i just trying get back feel.
but i not trust my mind stability.
so am very cautious.

anyway, we wait see if a currency crash on the way.
buried the long cable scout already.

seeing it coming on charts.
only cannot find reason for it yet.
when markets all not vibrant, not really need reasons, only need ducks get trapped.


regards
  • #39,782
  • Apr 18, 2013 7:15am Apr 18, 2013 7:15am
Hi FTI

Keep trying to leave you a some great words by General McArthur for your Kipling verse (2007 post) which I very much enjoyed, but the post doesnt show up or isnt allowed anyway...I am sure you know of it. 'MacArthurs Prayer'.

I have been watching the cross's do exactly what you said here and for some time, perhaps the instability created is what is desired, a thinner market that you get a bigger bang for your buck ..much bigger??

Maybe we see 56 before sub 50 in cable if it can get through 54's, controlled burn..

This scout of yours...did he see or smell any smoke?

Kind Regards

Li
  • #39,783
  • Apr 18, 2013 7:34am Apr 18, 2013 7:34am
Quoting liqidone
Hi FTI Keep trying to leave you a some great words by General McArthur for your Kipling verse (2007 post) which I very much enjoyed, but the post doesnt show up or isnt allowed anyway...I am sure you know of it. 'MacArthurs Prayer'. I have been watching the cross's do exactly what you said here and for some time, perhaps the instability created is what is desired, a thinner market that you get a bigger bang for your buck ..much bigger?? Maybe we see 56 before sub 50 in cable if it can get through 54's, controlled burn.. This scout of yours...did...
thanks

yes the thin markets, and everyone with any muscle is trying bully small caps.
they trying blood the market both ways, only undercapitalised ambitious small retails keeps getting their stops eaten.
is unhealthy, if big boys not in market, small syndicates and broking controls.

The scout, he not even know what hit him.
his boss was sleeping on the job.

regards
  • #39,784
  • Apr 18, 2013 8:22am Apr 18, 2013 8:22am
lol... let me know on next sorti... I can only offer a bayonet but I saw a movie once that said 'dont take a knife to a gun fight'!!


enjoying this read fti...well done.
  • #39,785
  • Apr 18, 2013 8:33am Apr 18, 2013 8:33am
Quoting fti
Hi ALL, I had typed out the exploration sessions up to friday , then going for my vacation. But since the markets are so letargic. Heres something to chew on. A lesson in habit training & stupidity. The Wild and Free Pigs of the Okefenokee Swamp by Steve Washam based on a telling by George Gordon --------------------------------------------------------------------- Some years ago, about 1900, an old trapper from North Dakota hitched up some horses to his Studebaker wagon, packed a few possessions, especially his traps--and drove south. Several weeks...
The pigs didnt know that part of Sun Tszu quote reveals the true enemy generally lies within, master yourself first..or perish

Thankyou Fti..havent seen thought like this since people were real....thats a long time ago
  • #39,786
  • Apr 18, 2013 9:36am Apr 18, 2013 9:36am
re: GBP the price is showing the same signs of a mopping action...
  • #39,787
  • Edited 8:31pm Apr 18, 2013 8:05pm | Edited 8:31pm
Quoting liqidone
re: GBP the price is showing the same signs of a mopping action...
mopping?
they better start blood transfusion.
they tripped my many booby traps set for them.
Nothing big.
every few pips i get from their adventures is nice.
they in funky mood. is fine i in mood set traps for them.
i can make market for them very tiny, come come trip my traps.
the more traps they trip, the more they will be running around like headless chicken.

Maybe i should take out an advert.
How kill robots with bobby traps.

ya euro cable, my sights on you.
I don't like manipulators. play the volitility game, is great, volitility will cost $$$$.

Inserted Video

regards

thats for taking my scout out while i was sleeping.
here's a tip.
they shading market 20 pips with 20+ pips shadow.
don't be rigid , keep in touch with the volitilty.
if they want get more funky, i will tell how strategy to scalpe them.
  • #39,788
  • Apr 18, 2013 8:51pm Apr 18, 2013 8:51pm
Quoting fti
mopping? they better start blood transfusion. they tripped my many booby traps set for them. Nothing big. every few pips i get from their adventures is nice. they in funky mood. is fine i in mood set traps for them. i can make market for them very tiny, come come trip my traps. the more traps they trip, the more they will be running around like headless chicken. Maybe i should take out an advert. How kill robots with bobby traps. ya euro cable, my sights on you. I don't like manipulators. play the volitility game, is great, volitility will cost...

Quote
if they want get more funky, i will tell how strategy to scalpe them

Please do!!!!

I have found that with my erratic trading times that I fair better when I hit and run.

You recall what happened to my last scout? All because I could not baby sit & thought I could always save the scout.

I was proven wrong.
  • #39,789
  • Apr 18, 2013 10:01pm Apr 18, 2013 10:01pm
Does anybody else use the Oanda fxTrade platform? I opened an account with them recently because I wanted to spend a month reacquainting myself with the markets using a small amount of money, before funding my main account and (for the third time but this time for real!) going full-time.

It has been very useful with regards to being able to trade a £50 account in the same manner I might trade a £50,000 account but it uses so much of my CPU time - 50-75%. I only have a dual-core 3.0 GHZ AMD Athlon but still, it's just a Java applet. It's terrible!

-----------

Anyway, if anybody is interested, I made 22% on my practice month and managed to conquer a couple of old scorpions by keeping calm and coming back refreshed to make a profit after I had a losing day so I am now preparing to suit up and battle for my life (well battle for my living!), starting in a week or a fortnight at the latest (I need to send money from Thailand to the UK so I have to allow a few days for that to happen).

I have spent so long following this thread and watching / trading the market. I've had numerous practice runs, during which I doubled my account in three months every time only to lose the plot shortly afterwards. I've never had the freedom to stop my day job and do this for real up until now or to do it with a reasonable amount of capital (reasonable for me anyway), so this time there is no excuse for failure. If I do fail, I will be retiring ungracefully from the markets and hiding in a cave to rethink my plans for world domination.

I realise I am probably talking about myself too much in this post but it feels like a momentous moment in my life, the start of a new chapter, and I wanted to mark it in some way. I'm a big fan of getting up, dusting yourself off and trying again after falling down but after 4 years of practice, I know that if I cannot make a steady profit now, with the freedom to trade all day and no need to worry about buying food at the end of the week, I will never be able to and I will accept that. I sincerely hope I don't have to though...

(I hope I haven't posted something like this already - it all feels so familiar but I cannot remember making the post...maybe I am going senile. That could seriously hamper my efforts!)

Cheers
  • #39,790
  • Apr 18, 2013 10:31pm Apr 18, 2013 10:31pm
Quoting ukmanthailan
Does anybody else use the Oanda fxTrade platform? I opened an account with them recently because I wanted to spend a month reacquainting myself with the markets using a small amount of money, before funding my main account and (for the third time but this time for real!) going full-time. It has been very useful with regards to being able to trade a £50 account in the same manner I might trade a £50,000 account but it uses so much of my CPU time - 50-75%. I only have a dual-core 3.0 GHZ AMD Athlon but still, it's just a Java applet....

Good to see you back at it.

You should try uninstalling Java and then reinstall the latest version from the Java website. That can cure many problems by getting the latest version.

Hope that helps some. Good luck going full time.
  • #39,791
  • Apr 18, 2013 11:13pm Apr 18, 2013 11:13pm
Quoting tubguy
Good to see you back at it. You should try uninstalling Java and then reinstall the latest version from the Java website. That can cure many problems by getting the latest version. Hope that helps some. Good luck going full time.
I had to uninstall and reinstall Java several times before I could get it to work with IE10 (although it worked with Opera the first time). I was hoping that the high CPU usage was an Opera-specific problem but it isn't.

I do have a netbook that I can leave fxTrade running on so that it doesn't interfere with whatever else I'm doing so I guess I'll use that. (I don't use Oanda charts to follow the market because you only seem to be able to have one open at a time, so I can watch the charts on MT4 and execute trades on the netbook).

Thanks for your support. I feel like I am standing on the edge of my very own fiscal cliff at the moment - I just hope that I can fly!
  • #39,792
  • Apr 18, 2013 11:36pm Apr 18, 2013 11:36pm
Quoting fti
mopping? they better start blood transfusion. they tripped my many booby traps set for them. Nothing big. every few pips i get from their adventures is nice. they in funky mood. is fine i in mood set traps for them. i can make market for them very tiny, come come trip my traps. the more traps they trip, the more they will be running around like headless chicken. Maybe i should take out an advert. How kill robots with bobby traps. ya euro cable, my sights on you. I don't like manipulators. play the volitility game, is great, volitility will cost...
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: mopping 2.JPG Size: 26 KB


Mopping...thats not you in the blue shirt is it?:-)

I would answer that advert
Just guerrilla as best I can at the minute (and 'watching for gates' as best I can)

I am here more than I am not, but in this thread, after many hours, I need to be here more.
I am rigid from anticipation (working on it) but not from standing in the line of fire.
20+20 you say..Timing timing timing..you dont have any old watches do you?? suppose its a new one each day/h/m/tick

Thankyou Fti

up to page 52 (bear with me..I'm a slow reader..thankfully!) I am very sorry for Leigh,I lost my brother early in the larger conflict, scars aplenty...still hurt when you knock them..
off to the gym,this trading stuff keeps you fit :-)
I have been watching eurgbp and yens as supporting card to the main...any thoughts?
  • #39,793
  • Apr 18, 2013 11:52pm Apr 18, 2013 11:52pm
Quoting ukmanthailan
Anyway, if anybody is interested, I made 22% on my practice month and managed to conquer a couple of old scorpions by keeping calm and coming back refreshed to make a profit after I had a losing day so I am now preparing to suit up and battle for my life (well battle for my living!), starting in a week or a fortnight at the latest (I need to send money from Thailand to the UK so I have to allow a few days for that to happen). I have spent so long following this thread and watching / trading the market. I've had numerous practice runs, during...

hi Ukman.

great news that you going into to full time trading.
it's a dream for every trader, make a living from trading. including me.

i'm currently trading everyday full week to practise in demo account.
my plan is take a couple months practise.
i know this sounds ridiculous, hoping mastering trade in couple months.

my target is only make consistent small profit to sustain living at first.
if it's not suit, then i have to get a normal job till my capital is enough to start my journey in trading environment.
now, i take my chance to learn the market as good as i can,
till the condition push me to pick decision whether continuing my live trading,
or get a normal job for a while untill my capital is sufficient.

congrats Ukman,
you've been trade for 4 years and i think it's enough to start a new life.
just watch the parameter risk more carefull.
IMO, it's one of most dangerous variable to play with.

and what else, i know you can make it!



Regards
steady as she goes
  • #39,794
  • Apr 19, 2013 12:24am Apr 19, 2013 12:24am
Quoting ukmanthailan
Does anybody else use the Oanda fxTrade platform? I opened an account with them recently because I wanted to spend a month reacquainting myself with the markets using a small amount of money, before funding my main account and (for the third time but this time for real!) going full-time. It has been very useful with regards to being able to trade a £50 account in the same manner I might trade a £50,000 account but it uses so much of my CPU time - 50-75%. I only have a dual-core 3.0 GHZ AMD Athlon but still, it's just a Java applet....
Good to hear and GOODLUCK!!!

It's worth investing a new computer... you need a modern war fare... it's cost effective sometimes

regards,
Success consists of going from failure to failure without loss of enthusiam
  • #39,795
  • Apr 19, 2013 12:44am Apr 19, 2013 12:44am
Hei Ukmanthailan
First of all GOODLUCK for you !!!
Hope for you that your MindSet Strong to do this with a big account.
But i think going from small accout to big in a blink of an eye it is hard to
inner psihology. I mean to see posistion in negative teritory if it is big very hard
(for me anyway) if you do 22% in a month with small account maybe there is a sence
to make first half of your money of what you want to trade in the account.
Because you know there are scorpions that you will face just because of the big account.
There is some battles that can make you get out from your comfort zone and be irutional
Always remember this is an ant job PReservation of capital main goal.
Have a good trading and trade well
regards
Michael



Quoting ukmanthailan
Does anybody else use the Oanda fxTrade platform? I opened an account with them recently because I wanted to spend a month reacquainting myself with the markets using a small amount of money, before funding my main account and (for the third time but this time for real!) going full-time. It has been very useful with regards to being able to trade a £50 account in the same manner I might trade a £50,000 account but it uses so much of my CPU time - 50-75%. I only have a dual-core 3.0 GHZ AMD Athlon but still, it's just a Java applet. It's...
Do not be victim to conflict of the General and Commander in you - by FTI
  • #39,796
  • Apr 19, 2013 1:15am Apr 19, 2013 1:15am
Hello FTI and Friends
I have a question.
We always talk here about naked trading.
Are the pivot points are important for us ?
As i understand the pivot points is something that big boys use
so this lines are important to look ?
or if we plot pivot point on our charts will make us rigid and biased
like applying studies to the charts ?
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #39,797
  • Apr 19, 2013 1:44am Apr 19, 2013 1:44am
Thanks very much for your encouragement Micahel, Dongksy and frz.

I have thought about how I will feel when the numbers get substantially bigger and I think I will ease myself into that one. I'm not going to just multiply the positions I used on a small account to match the size of the bigger account. I think I would struggle to stay calm when I was involved in rescues if I did that straight away. That should help with my risk parameters too.

A new computer certainly makes sense. If I'm going to do this properly I might as well get tooled up (as they say!) My days in software development and my natural tightness lead me to try and extend the life of old netbooks, laptops, desktops etcetera rather than buy new ones - I was still running an old Pentium 4 machine until it blew up on me a couple of years ago. Doesn't make sense to mess around when I have other thinks I need to concentrate on though. Plus, I love buying new PCs!

Fortunately, I won't need to withdraw any profits (assuming I make any) for the first 6 months, which I think will help a lot.

@Michael - it is quite easy to visualise a pivot point just by looking at the range for the last 4 hours, but I don't think you should start drawing lines on your chart for the reasons that fti has mentioned on many occasions. Even if you think you can ignore them completely, I've found that you can't (or I can't anyway!)
  • #39,798
  • Apr 19, 2013 1:44am Apr 19, 2013 1:44am
Quoting dongsky
Good to hear and GOODLUCK!!! It's worth investing a new computer... you need a modern war fare... it's cost effective sometimes regards,
I agree with Eddy, if you are trading full time for a living you need to invest in good computer hardware and back up.

All the best with your full time trading, I am sure you will do well.

Kind regards, Ray.
  • #39,799
  • Apr 19, 2013 1:54am Apr 19, 2013 1:54am
Quoting 1234
I agree with Eddy, if you are trading full time for a living you need to invest in good computer hardware and back up. All the best with your full time trading, I am sure you will do well. Kind regards, Ray.
Thanks Ray.

At least I'm all set on the Internet connection front. I have a broadband to the house plus 2 mobile (MiFi) routers, all with a different ISP, so I would be quite unlucky if they all went down at the same time. (Of course, an undersea cable could do that without any trouble!)
  • #39,800
  • Edited 7:53am Apr 19, 2013 5:46am | Edited 7:53am
Quoting liqidone
{image} {image} Mopping...thats not you in the blue shirt is it?:-) I would answer that advert Just guerrilla as best I can at the minute (and 'watching for gates' as best I can) I am here more than I am not, but in this thread, after many hours, I need to be here more. I am rigid from anticipation (working on it) but not from standing in the line of fire. 20+20 you say..Timing timing timing..you dont have any old watches do you?? suppose its a new one each day/h/m/tick Thankyou Fti up to page 52 (bear with me..I'm a slow reader..thankfully!) I...

come think about it, used to be, but i not have the energys any more.

no problem don't rush it.
the lessons not learned until you actually experienced it in the trades,in the market.

no worry, no rush, seems i gonna live forever. so you encounter anything , and you scratching head, you can ask about it here.
Here there many good peeps and friends.

regards
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