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Technical Analysis Fallacy

  • #42,681
  • Edited 3:04am Sep 4, 2013 2:39am | Edited 3:04am
Quoting liqidone
1 Samuel 16:7
thank you li,

regards

ani't got no yoyo.
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  • #42,682
  • Sep 4, 2013 2:50am Sep 4, 2013 2:50am
FTI, I made mistakes that I want to share with you to advise me on how to correct my mindset.
Yesterday I shorted GBP at 5599 trying to ride the down move.
The trade went 70 pips in my favour then greed kicked in and thougth of riding it till 5400 .
but guess what I gave up all the profit I made for the day , let alone the mental fatigue trying to watch over the position at night!
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  • #42,683
  • Edited 3:35am Sep 4, 2013 3:19am | Edited 3:35am
Quoting CHFJunkie
FTI, I made mistakes that I want to share with you to advise me on how to correct my mindset. Yesterday I shorted GBP at 5599 trying to ride the down move. The trade went 70 pips in my favour then greed kicked in and thougth of riding it till 5400 . but guess what I gave up all the profit I made for the day , let alone the mental fatigue trying to watch over the position at night!
How may i be of assistance, my friend.

Is a mindset.
No one can tell.
but if you wanted ride, surely you know how not to allow a good thing turn bad.

you was not cautious after you ride good.
but it happens to the best of us.

This reason why i take profits incrementally once i feel is good.
sometimes i right, sometimes wrong. But mostly i feel maybe you didn't manage anymore when you got deep in the money.

All i can tell you is , just be glad you didn't lost. So you didn't need spent another day managing damage control.
is just 1 battle in many.
i never allow my fate be decided in 1 battle. Thats why i never sell house on any trade. and i can never get rich from 1 trade.

i try not have absolutes, never absolutely correct nor wrong.
ia s battle, all things can happen, and i stategise best i can avoid cliffs.
only important thing is not to sustain deep damage to resources.
attack if opportunities presents, then i sit count the loot.
otherwise i sit drink tea and eyeing scout reports.

When i find i have nice victory i take and go rest a while.


regards
  • #42,684
  • Sep 4, 2013 3:27am Sep 4, 2013 3:27am
Quoting fti
{quote} How may i be of assistance, my friend. Is a mindset. No one can tell. but if you wanted ride, surely you know how not to allow a good thing turn bad. you was not cautious after you ride good. but it happens to the best of us. This reason why i take profits incrementally once i feel is good. sometimes i right, sometimes wrong. But mostly i feel maybe you didn't manage anymore when you got deep in the money. All i can tell you is , just be glad you didn't lost. So you didn't need spent another day managing damage control. is just 1 battle...

You hit it , i mismanaged the position after i got deep in money!
I usually keep assesing the position after I'm in , but this time I kept counting the cash!
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  • #42,685
  • Sep 4, 2013 3:34am Sep 4, 2013 3:34am
For old buddies here, would you point out in what page FTI started MM?
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  • #42,686
  • Sep 4, 2013 3:42am Sep 4, 2013 3:42am
Quoting CHFJunkie
For old buddies here, would you point out in what page FTI started MM?
http://www.forexfactory.com/showthre...er#post1748941
  • #42,687
  • Sep 4, 2013 4:05am Sep 4, 2013 4:05am
FTI, in one of your posts you mentioned that FX trends exist in Event days while non event days it's just a bias.
the difference between a trend and a bias, the trend moves in a specific structure ( impulse , retracement then impulse ) and tends to have higher altitude while bias is short -life trend with unstable waves?
Am I right?
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  • #42,688
  • Edited 4:48am Sep 4, 2013 4:36am | Edited 4:48am
Quoting CHFJunkie
FTI, in one of your posts you mentioned that FX trends exist in Event days while non event days it's just a bias. the difference between a trend and a bias, the trend moves in a specific structure ( impulse , retracement then impulse ) and tends to have higher altitude while bias is short -life trend with unstable waves? Am I right?
no really.

trend is impulsive directional push of market, mostly due to events and situations.
this normally characterised by higher lows or lower tops and is directional and impulsive.

bias is perceived possibilities thats in traders mind. bias can dictate strategic responses. but if ego takes over bias, mostly turn out to be monstrous.

regards
  • #42,689
  • Sep 4, 2013 5:57am Sep 4, 2013 5:57am
Quoting fti
{quote} learned is good. thats where man's conciousness came from. Everything is by design. If we no shave , no cut hair , no cut nails for say 10 years. we would realise that humans are the ugliest of all God's creations. even will be so in our own eyes. let alone the animals that surrounds us. This because of we sinned. Because we are so ugly. man has learned design things around themselves, starting with self. learned shave , cut nails, cut hair and grooming so as look presentable. And is with all things that mankind has learned. ability design....
profound
Time hides Nothing
  • #42,690
  • Edited 10:53am Sep 4, 2013 6:45am | Edited 10:53am
Quoting CindyXXXX
{quote} profound
you back.
well , have you got over the fits and frustrations yet.

wanted bestow you name as drama queen. but you not girl, although your name is cindyxxxx
so drama king? but that not sounds sexy.

welcome back, and don't be naughty.
us trade figs in a while.


regards
  • #42,691
  • Sep 4, 2013 7:10am Sep 4, 2013 7:10am
Quoting fti
{quote} you back. well , have you got over the fits and frustrations yet. wanted bestow you name as drama queen. but you not girl, although your name is cindyxxxx so drama king? but that not sounds sexy. welcome back, and don't be naughty. us trade figs in a while. no not really profound, God seemed showed me in a dream/nightmare not so long ago, met up with KC Liu. But we will not discuss that. not want peeps think i nut case, met up with long departed. anyway, his advice for me is very enlighting. regards
No just a mere jester of the realm fti.
No trouble from me. merely a flea on elephants bum
Time hides Nothing
  • #42,692
  • Sep 4, 2013 7:12am Sep 4, 2013 7:12am
Quoting fti
{quote} thank you li, regards ani't got no yoyo. http://www.youtube.com/watch?v=UBobLfcKeRw
Shina No Yaru. (1940)

Humbling thoughts. Thankyou

same same

孤儿

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  • #42,693
  • Sep 4, 2013 7:39am Sep 4, 2013 7:39am
usd every time come back with bad report card.
ai ya ,send for tuition classes.
  • #42,694
  • Sep 4, 2013 7:47am Sep 4, 2013 7:47am
Quoting fti
usd every time come back with bad report card. ai ya ,send for tuition classes.
And somehow it is not reflected in charts.
No impact at all the market sleeping
Do not be victim to conflict of the General and Commander in you - by FTI
  • #42,695
  • Sep 4, 2013 7:59am Sep 4, 2013 7:59am
Hi, folks ... Be careful on what he say ...
http://www.bloomberg.com/tv/
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  • #42,696
  • Edited 9:11am Sep 4, 2013 8:37am | Edited 9:11am
Quoting -Michael-
{quote} And somehow it is not reflected in charts. No impact at all the market sleeping

focus is syria.
nothing else peeps will risk yet.

maybe market is having stroke and paralysed.
relax relax, breath deeply.
  • #42,697
  • Sep 4, 2013 9:15am Sep 4, 2013 9:15am
Quoting phil13
Hi Vic Wishing you well with your move and job, may you be happy and find many good friends in your new home . Regards Phil.

Thanks Phil,

Always have question, should i remeber good time for leaving old places/people or look fwd to new place and forget about old...

V
  • #42,698
  • Sep 4, 2013 9:36am Sep 4, 2013 9:36am
Quoting indianguyinny24
{quote} Thanks Phil, Always have question, should i remeber good time for leaving old places/people or look fwd to new place and forget about old... V
Hi Vic, sorry you are leaving NY, but hope you are headed to this area. Good luck to you and travel safely.
  • #42,699
  • Sep 4, 2013 9:54am Sep 4, 2013 9:54am
Quoting GEfx
{quote} Hi Vic, sorry you are leaving NY, but hope you are headed to this area. Good luck to you and travel safely.

yea moving to west side...Sunny sunny ....

V
  • #42,700
  • Sep 4, 2013 10:30am Sep 4, 2013 10:30am
Quoting fti
{quote} you back. well , have you got over the fits and frustrations yet. wanted bestow you name as drama queen. but you not girl, although your name is cindyxxxx so drama king? but that not sounds sexy. welcome back, and don't be naughty. us trade figs in a while. no not really profound, God seemed showed me in a dream/nightmare not so long ago, met up with KC Liu. But we will not discuss that. not want peeps think i nut case, met up with long departed. anyway, his advice for me is very enlighting. regards

what is the advice chief...

V
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