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Technical Analysis Fallacy

  • #41,621
  • Jul 10, 2013 3:19am Jul 10, 2013 3:19am
Hi all

this is a good article on 'your brain and trading', it explains why some see things other do not, definitely worth reading especially if your fairly new to this.

http://2ndskiesforex.com/strategies-...-and-the-zone/

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #41,622
  • Jul 10, 2013 4:55am Jul 10, 2013 4:55am
Quoting phil13
Hi all this is a good article on 'your brain and trading', it explains why some see things other do not, definitely worth reading especially if your fairly new to this. http://2ndskiesforex.com/strategies-...-and-the-zone/ regards Phil.

Great article Phill, thanks for sharing
  • #41,623
  • Jul 10, 2013 5:02am Jul 10, 2013 5:02am
Thanks from me too! Very interesting- 10000 hours seems like a fair amount of time to master the complexities of something like trading...
  • #41,624
  • Jul 10, 2013 5:44am Jul 10, 2013 5:44am
Quoting phil13
Hi all this is a good article on 'your brain and trading', it explains why some see things other do not, definitely worth reading especially if your fairly new to this. http://2ndskiesforex.com/strategies-...-and-the-zone/ regards Phil.
Thanks Phil.
  • #41,625
  • Jul 10, 2013 10:38am Jul 10, 2013 10:38am
Hi Everybody
Something not to forget in a 2 and a half hours

Fed Chairman Bernanke Speaks
It can move a market significantly
So be aware of it
Regards
Michael
Attached Image
Do not be victim to conflict of the General and Commander in you - by FTI
  • #41,626
  • Jul 10, 2013 11:10am Jul 10, 2013 11:10am
Quoting -Michael-
Hi Everybody Something not to forget in a 2 and a half hours Fed Chairman Bernanke Speaks It can move a market significantly So be aware of it Regards Michael {image}
i am off to bed.. gdnight guys
  • #41,627
  • Jul 10, 2013 11:11am Jul 10, 2013 11:11am
Quoting Prophecy FX
Thanks from me too! Very interesting- 10000 hours seems like a fair amount of time to master the complexities of something like trading...
hmm.. i shall shortcut it by trading the weekly chart
  • #41,628
  • Jul 10, 2013 4:05pm Jul 10, 2013 4:05pm
Quoting -Michael-
Hi Everybody Something not to forget in a 2 and a half hours Fed Chairman Bernanke Speaks It can move a market significantly So be aware of it Regards Michael {image}
Have not read what he said yet but obviously not very good for the $$..!
  • #41,629
  • Jul 10, 2013 11:01pm Jul 10, 2013 11:01pm
Yep dollar took a hit!
  • #41,630
  • Edited 11:44pm Jul 10, 2013 11:27pm | Edited 11:44pm
Quoting -Michael-
Hi Everybody Something not to forget in a 2 and a half hours Fed Chairman Bernanke Speaks It can move a market significantly So be aware of it Regards Michael {image}

the chairman, yes i watching.
But i still cannot figure out between the right and left thingy, probably because i can mostly understand up and downs all my life. Buy go up , sell go down.
Oh by the way goldmansucks have powerful people in office.



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regards
  • #41,631
  • Jul 10, 2013 11:41pm Jul 10, 2013 11:41pm
Just finished reading the first 4,000 posts. Truly amazing thread. I remember I first tried to read this thread a couple of years ago and just didn't get it. Now after a couple of years more trading experience and a couple of tryouts with trading firms it all makes perfect sense. Thanks FTI and other participants.
  • #41,632
  • Edited Jul 11, 2013 12:28am Jul 10, 2013 11:58pm | Edited Jul 11, 2013 12:28am
Quoting havaiana
Just finished reading the first 4,000 posts. Truly amazing thread. I remember I first tried to read this thread a couple of years ago and just didn't get it. Now after a couple of years more trading experience and a couple of tryouts with trading firms it all makes perfect sense. Thanks FTI and other participants.


regards

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  • #41,633
  • Jul 11, 2013 12:03am Jul 11, 2013 12:03am
Quoting kinky
{quote} hmm.. i shall shortcut it by trading the weekly chart
so clever.
yes we trading weekly ranges in seconds.
but some still want trade piptits in nano seconds.
Yesterdays fantasies , todays reality, virtual reality.


regards

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  • #41,634
  • Edited 1:22am Jul 11, 2013 12:38am | Edited 1:22am
Quoting fti
{quote} the chairman, yes i watching. But i still cannot figure out between the right and left thingy, probably because i can mostly understand up and downs all my life. Buy go up , sell go down. Oh by the way goldmansucks have powerful people in office. http://www.youtube.com/watch?v=4gHwJmJwdTM regards
now that they cut losses on their longs at such great discount, thanks to margined shorts stops, may we pls have the markets back?
nevermind they f ed her big time, its still my wife.

they power fucking me for 8+ hours this morning. tripped my compressor.
is ok, power is restored, and the compressor still works, computers still works and i still alive.
but shorted the waterboiler, coffee machine.


regards

thanks God, all the isp routers still works. had me blind like a bat for many hours.
anyway nevermind, caught up with some sleep.
missed the big event.

no not this big event. this i saw on tv long ago.
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interesting.
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  • #41,635
  • Jul 11, 2013 4:50am Jul 11, 2013 4:50am
Have been reading through the thread in the last couple of weeks, and as I believe in giving credit where credit is due ...

Thanks a lot for your insights fti, really helped me putting some more things together
  • #41,636
  • Jul 11, 2013 5:07am Jul 11, 2013 5:07am
Hi fti,

If one puts a mental stop where most of the traders have stops one gets stopped out. And if one places a stoploss (not mental) were most of the traders don't obviously one has a great chance of not getting stopped out.

So why not use stops but in a place where most don't have it?

OR

are you suggesting that one should adapt risk based on each trade? so for instance if my risk is $25 I should expand that risk say to $40 IF the market is telling me that I might be right. Is this what you mean? Please explain.
  • #41,637
  • Jul 11, 2013 6:53am Jul 11, 2013 6:53am
Quoting fti
{quote} now that they cut losses on their longs at such great discount, thanks to margined shorts stops, may we pls have the markets back? nevermind they f ed her big time, its still my wife. they power fucking me for 8+ hours this morning. tripped my compressor. is ok, power is restored, and the compressor still works, computers still works and i still alive. but shorted the waterboiler, coffee machine. regards thanks God, all the isp routers still works. had me blind like a bat for many hours. anyway nevermind, caught up with some sleep....
Executive Order 11110

www.john-f-kennedy.net/thefederalreserve.htm
www.john-f-kennedy.net/executiveorder11110.htm

"Give me control of a nation’s money supply, and I
care not who makes its laws."
– Meyer Amschel Rothschild
  • #41,638
  • Edited 7:31am Jul 11, 2013 7:19am | Edited 7:31am
Quoting Vitez
Hi fti, If one puts a mental stop where most of the traders have stops one gets stopped out. And if one places a stoploss (not mental) were most of the traders don't obviously one has a great chance of not getting stopped out. So why not use stops but in a place where most don't have it? OR are you suggesting that one should adapt risk based on each trade? so for instance if my risk is $25 I should expand that risk say to $40 IF the market is telling me that I might be right. Is this what you mean? Please explain.
No, what i am trying tell you is , isf you need put stops on trades, then you not investor/trader, just speculator.
and everyone's gunning for you. because mostly you cannot afford to trade. Not intended sound mean.
but sometimes truth hurts.

regards
  • #41,639
  • Jul 11, 2013 7:21am Jul 11, 2013 7:21am
Quoting liqidone
{quote} Executive Order 11110 www.john-f-kennedy.net/thefederalreserve.htm www.john-f-kennedy.net/executiveorder11110.htm "Give me control of a nation’s money supply, and I care not who makes its laws." – Meyer Amschel Rothschild
thanks Li, is well known in banking circles.
now we have document.

regards

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  • #41,640
  • Jul 11, 2013 8:51am Jul 11, 2013 8:51am
Fti ...... Ref post #41638 ........... right on.
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