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Technical Analysis Fallacy

  • #41,281
  • Jun 27, 2013 1:39am Jun 27, 2013 1:39am
Quoting fti
talk about skills. https://www.facebook.com/photo.php?f...type=1&theater

can't see. it says content not available.

regards
  • #41,282
  • Jun 27, 2013 2:03am Jun 27, 2013 2:03am
Quoting fti
{quote} oh the Battle of Thermopylae. noted. but 300 against 1 million. maybe they had extraterestial help. if i remembers correctly. it was the terrain, they won on superior grounds. i ever fought such war. 1 against thousands ants, i won, had poisoneous insecticides. They show up just spray em. I think em insects still hates me until today. i thought was this the charge of the 300. http://www.youtube.com/watch?v=dyqcZMsBOU4 wonder why i only remembers half of the 600 regards

Hi fti

'if i remembers correctly. it was the terrain, they won on superior grounds.'

this is what i saw as i read your battle posts yesterday evening and why i choose that clip.

trying to catch up here and get my feel back for when i start trading again in about a week or so time.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #41,283
  • Jun 27, 2013 2:06am Jun 27, 2013 2:06am
Quoting phil13
{quote} Hi fti 'if i remembers correctly. it was the terrain, they won on superior grounds.' this is what i saw as i read your battle posts yesterday evening and why i choose that clip. trying to catch up here and get my feel back for when i start trading again in about a week or so time. regards Phil.
good fortunes , my friend.

regards
  • #41,284
  • Jun 27, 2013 2:39am Jun 27, 2013 2:39am
Inserted Video
  • #41,285
  • Edited 3:19am Jun 27, 2013 2:56am | Edited 3:19am
Quoting cuthbert
{quote} can't see. it says content not available. regards
oh so sorry, i didn't realise is private pictures.

regards

i just did a good scalp.
sold 1.5342 cables average shorts 34 bought 1.5312. now squared.
bragging rights, is so relaxing, slow and easy. No forcing, no all sorts stressful thinkings.

still waiting see if 1.5375/85 still can come.
and adjusting easy along the way.
Some days everything just comes together. Just playing foreign cap. Wait till i get into battle heat.
Then needs start scratching head.
  • #41,286
  • Jun 27, 2013 3:31am Jun 27, 2013 3:31am
oops somethings happened?

careful only crosses.
  • #41,287
  • Jun 27, 2013 3:33am Jun 27, 2013 3:33am
Bit of red news?
GBP Current Account -14.5B -11.9B -14.0B
GBP Final GDP q/q 0.3% 0.3% 0.3%
GBP Revised Business Investment q/q -1.9% -0.4% -0.4%
  • #41,288
  • Edited 3:52am Jun 27, 2013 3:40am | Edited 3:52am
Quoting FFBinary
Bit of red news? GBP Current Account -14.5B -11.9B -14.0B GBP Final GDP q/q 0.3% 0.3% 0.3% GBP Revised Business Investment q/q -1.9% -0.4% -0.4%
noted, thank you.
seems figs mildly bearish for cable.
but chasing in tight range is not clever.
only managed small shorts. but happily waiting for swing fights.
may have swing fights for positioning try for the 1.5
slowly.
up swings very shallow.
and i must control my eagerness, lots foreign cap to play with.
itchy behind feelings.
gotta play easy music, cool cool feel.

nothing else is responding.
so is very localised action on cable.
  • #41,289
  • Jun 27, 2013 3:59am Jun 27, 2013 3:59am
I can't find anything I want to trade today. I'm lost.
  • #41,290
  • Jun 27, 2013 4:03am Jun 27, 2013 4:03am
Quoting fti
{quote} nonono, your minds not in good state. you talk rigid. rule 1 is preservation of capital. rule 2 is preservation of capital. rule 3 is not to forget rule 1 don't trade against the trend is a process of mindset, is stupid to trade against the trend. The trend is alive , it can change. Ability adjust to change to terrain helps keep you alive. Make rules and you die rigid. regards
fti this is what I'm referring to... could you please go over how you determine the trend and price bias?

Is it purely from stepping formation on the daily - or hourly - or something else?

Any help much appreciated
  • #41,291
  • Jun 27, 2013 4:06am Jun 27, 2013 4:06am
The drop on cable 30mins before the news caught my eye but the upcoming news kept me out.. fear of being on the wrong side... ;(
  • #41,292
  • Jun 27, 2013 4:11am Jun 27, 2013 4:11am
Quoting ukmanthailan
I can't find anything I want to trade today. I'm lost.
Me too! Maybe the USD/JPY long, but we're at the top of a range on the hourly.
  • #41,293
  • Edited 4:32am Jun 27, 2013 4:15am | Edited 4:32am
75/80 but wrong handle.
patience
now gotta see how my peed position of 15, if it caps.

the slide is fig driven.
so 1.5380 lost all winds.
needs see what develops now, must let go.
best i stay square , wait upswing.
  • #41,294
  • Jun 27, 2013 4:33am Jun 27, 2013 4:33am
Quoting nomadic123
{quote} fti this is what I'm referring to... could you please go over how you determine the trend and price bias? Is it purely from stepping formation on the daily - or hourly - or something else? Any help much appreciated
nonono, you not read the thread.
sorry i not have energies rehash everything now. What you mentioned is how YOU want build your decision process.
read thread.

Maybe watch this clips first get the general mindset alligned. 4 parts.

Inserted Video


regards
  • #41,295
  • Jun 27, 2013 4:45am Jun 27, 2013 4:45am
euro seems capped.
at here is euro parkinsons.
but can use this rally the cable via crosses.
  • #41,296
  • Jun 27, 2013 4:45am Jun 27, 2013 4:45am
hi nomadic,

let me try explain a bit. there is daily trend, 4 hourly, hourly, half hourly, 5 min. There trends within trends. is a subjective choice as to define a trend. in textbooks persistent rise or persistent fall is what is a trend. should depend on pain threshold, capital base and value at risk in retail trading.
If you'll determine trend firsthand, then will create rigid mind. let the choices develop as your position progresses. just keep the risk under very tight control and the trend will tell you in the face whether it is a trend or not.

regards
  • #41,297
  • Jun 27, 2013 4:47am Jun 27, 2013 4:47am
Quoting fti
euro seems capped. at here is euro parkinsons. but can use this rally the cable via crosses.
hi again nomadic,

will the word 'can' help you understand something?

regards
  • #41,298
  • Jun 27, 2013 4:47am Jun 27, 2013 4:47am
Quoting cuthbert
hi nomadic, let me try explain a bit. there is daily trend, 4 hourly, hourly, half hourly, 5 min. There trends within trends. is a subjective choice as to define a trend. in textbooks persistent rise or persistent fall is what is a trend. should depend on pain threshold, capital base and value at risk in retail trading. If you'll determine trend firsthand, then will create rigid mind. let the choices develop as your position progresses. just keep the risk under very tight control and the trend will tell you in the face whether it is a trend or not....
nonono
you also wrong.
there no such thing as daily trend hourly trend...........
is either they in line or out of line with trend.
Your trend read is dependent on what your adopted time frame.
Your pain treshhold is reflected in your mm.

your analysis of whats happening is dependant on how much you had developed ability to focus on.
If your analysis focus is only abc , then thats may be only part of the piicture.
stuff gets added and stuff gets retarded.
I have very wide market focus. So things keeps getting inputed into the analysis as it comes on stream.
Withour market on hands experience, some stuff may be meaningless to one, but may be whats driving market.
  • #41,299
  • Jun 27, 2013 4:48am Jun 27, 2013 4:48am
Quoting fti
euro seems capped. at here is euro parkinsons. but can use this rally the cable via crosses.

seems they don't chief.
they seem delaying their plans.

regards
  • #41,300
  • Jun 27, 2013 4:49am Jun 27, 2013 4:49am
Quoting fti
{quote} nonono you also wrong. there no such thing as daily trend hourly trend........... is either they in line or out of line with trend. Your trend read is dependent on what your adopted time frame. Your pain treshhold is reflected in your mm.
noted and seconded.

regards
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