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Technical Analysis Fallacy

  • #42,921
  • Sep 17, 2013 1:40pm Sep 17, 2013 1:40pm
Quoting fti
{quote} if you work for me, if you carry it ALL into event, if you lose money, i send you on leave. but since you trade for yourself, Maybe you should make that decision too? Change is good, but please never lose orientation. adjust into things that works. Slowly. underterstand and adjust accordingly. Is hard teach old dogs new tricks, but slowly things will rub off. regards
I hate gambling, looking back on my significant losses , I found out the largest losses I had was because of impatience after an important event , not waitingfor market to settle down and carrying a position into an event, it clutters my thinking and make the gambler inside to take over.

Quoting fti
{quote} Change is good, but please never lose orientation. adjust into things that works. Slowly. underterstand and adjust accordingly. Is hard teach old dogs new tricks, but slowly things will rub off. regards
I'm grateful that you helped me rearrange and restructure my thoughts , my performance increased tremendously.
before reading your thread, I used to trade a fixed size, it was ok but it needs trader to be swift and fast like thunder, if you hesitate , you are a goner.
I was always thinking what about scaling in and out of trades, and how can I do it.
being fortunate and lucky I got back to your thread and found the answer, in fact all the answers that I needed.
as they say when the student is ready , the Master will show up
Enter Signature
  • #42,922
  • Sep 17, 2013 3:04pm Sep 17, 2013 3:04pm
Quoting fti
{quote} is true, but peeps want instant gratification.
in term of trading what does it mean? to me it mean survivability and robustness is the most important.that mean one sit on the table and play for long time and which comes to ultimately ones position size and trade management.
How one going to improve ones robustness? by using minimal leverage and managing the position.one will make money slowly but surely with the least risk of blowing up.ones trading will not be one trade,do and die battles,instead they will be series of battles.[cao cao lecture to the soldiers in episode 43 of 3 kingdom is worth watching].infact I will say leverage is a sin.
Allah has permitted trade and has forbidden interest [koran]
  • #42,923
  • Edited Sep 18, 2013 12:30am Sep 17, 2013 11:46pm | Edited Sep 18, 2013 12:30am
Quoting drzakir123
{quote} in term of trading what does it mean? to me it mean survivability and robustness is the most important.that mean one sit on the table and play for long time and which comes to ultimately ones position size and trade management. How one going to improve ones robustness? by using minimal leverage and managing the position.one will make money slowly but surely with the least risk of blowing up.ones trading will not be one trade,do and die battles,instead they will be series of battles.[cao cao lecture to the soldiers in episode 43 of 3 kingdom...
but Dr you must notjump into conclusion that leverage is a sin.
The sin is in the way they using it.

These leveraging stuff happens in most markets.( all derivative markets*)
they were initially created so that hedgers need not had to borrow large amounts of money, so that they can hedge their risk with little upfront cash.
to borrow funds , it has cost of funds. and because of that sometimes in non volatile market conditions, hedgers lose too much "cost of funds" to institutions for funding. and because of that some decides not hedge their cost of production. In sudden volatilitys , under high volatility they go kaput.
In that aspect of economics, leverage has a part to play.

It is when speculators not know how to use leverage in safe proportions appropraitely that it becomes a monster to handle.

Maybe too strong to call it a sin.
Its the users fault mostly.

Most things in life, they becomes sin when users not matured to use it appropriately.
Is all mindset.
Just look at the sex industry.Reproduction being abused.
the drugs industry. medicines being abused.
the computer virus industry. protection of program theft being abused.
the food industry. over feeding.
........etc.
Humans thinks like a crazy bunch of animals, when they start abusing anything.
The stuff, they mostly just instruments.
Humans like abuse themselves with instruments.
Just look at the amount of debt , they allow people over abuse.( and without the credit standing to justify)

regards

* these includes the stock market which is a derivative of the corp borrowing and lending markets.
All Futures markets of commodities and financials.
Banking and Insurance products.
the new product called CFDs.

ADD: The creators of these products already issued warning in their disclosure statements.
use of these can lead to losses exceeding the users ability to pay for. use of these can destroy one if abused.
Just no one listens. Mostly peeps have little reading and comprehension skills.
and when people wants somethings , they no care much about the consequenses.
How many people read their contracts and risk disclousures carefully?

Most peeps also gets mindset conned by snake oil sales men.
make 10000 with 100 capital.
follow this line and it will make you rich.
invest in black box robot will make you rich.
All it takes is show the upside of the snake oils.
Who shows drawdowns?
The risk is invisible.
And gullible and greed peeps bites.

"even a fish would be able not be on the frying pan , if it know when to keep its mouth shut."

oops i best shut mine too.
Good people, they all done their meditation and gone to the hills, live a good life.
Why you think evil seems poop up every where.
Let the intelligent egos kill each other.
  • #42,924
  • Edited 1:21am Sep 18, 2013 12:41am | Edited 1:21am
enjoy nice action packed movie.

Inserted Video


i wondering, if file this under fiction or facts.
lots if.
if alice didn't jump into the rabbit hole. then no wonderland story?
  • #42,925
  • Sep 18, 2013 12:55am Sep 18, 2013 12:55am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Hi Fti,

Just wanted to say thank you for sharing your insights in this thread. I have not read it all yet (massive task) but I have read the first few hundred pages. Since I have adopted your methods I have stemmed the negative flow on my account and have actually started to turn profitable.

The key for me is capitalisation and making sure that I have enough in reserve to survive and rescue (if the dance shows me there is a chance). Also remaining nimble by entering scout and scaling in and out based on what PA is showing. When I enter I have a bias...but once entered I try to free myself from that bias and just look at what the new candles are showing me and base my response on that. I also try not to be too rigid on my skews and what troops I enter and withdraw. I just try to go with the flow.

I believe that is the essence of what you have been trying to teach. Apologies if I am wrong.

Many thanks.

Neio
An expert is a man who has made all the mistakes which can be made
  • #42,926
  • Sep 18, 2013 1:28am Sep 18, 2013 1:28am
Quoting Neio
Hi Fti, Just wanted to say thank you for sharing your insights in this thread. I have not read it all yet (massive task) but I have read the first few hundred pages. Since I have adopted your methods I have stemmed the negative flow on my account and have actually started to turn profitable. The key for me is capitalisation and making sure that I have enough in reserve to survive and rescue (if the dance shows me there is a chance). Also remaining nimble by entering scout and scaling in and out based on what PA is showing. When I enter I have a...
Thank you for your kind words.
I am glad you profitable.
You chosed trading as lifestyle.

No one can dictate what a trader must or can do stay profitable and healthy.
Only the trader himself.
Please no apologise for being human.
Keep what works for you. Adjust self if diminishing returns sets in on your activities.

If one can, contribute to the educating of others who comes after us.

your 1st posting, welcome to the thread.


regards
  • #42,927
  • Sep 18, 2013 1:44am Sep 18, 2013 1:44am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting fti
{quote} Thank you for your kind words. I am glad you profitable. You chosed trading as lifestyle. No one can dictate what a trader must or can do stay profitable and healthy. Only the trader himself. Please no apologise for being human. Keep what works for you. Adjust self if diminishing returns sets in on your activities. If one can, contribute to the educating of others who comes after us. your 1st posting, welcome to the thread. regards
Thank you for your welcome.

I have mostly bad experiences in forex so far. I hope this is the turning point and that eventually I will be able to help others. Forex can be a very dark and lonely place. I wish I came across your thread earlier. It is great to learn from a REAL trader someone that has vast experience. I wish I had you as a mentor.

Still early days for me but at the moment I feel positive about this approach that I have learned from this thread.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #42,928
  • Sep 18, 2013 2:07am Sep 18, 2013 2:07am
Quoting fti
enjoy nice action packed movie. http://www.youtube.com/watch?v=ifMAItGqCK0 i wondering, if file this under fiction or facts. lots if. if alice didn't jump into the rabbit hole. then no wonderland story?
FTI

we should take care of manipulations when it comes to informations ... this is the background of the producer of this "Movie" ...
http://en.wikipedia.org/wiki/Lyndon_LaRouche

regards
  • #42,929
  • Sep 18, 2013 2:16am Sep 18, 2013 2:16am
Quoting Redsunfx
{quote} FTI we should take care of manipulations when it comes to informations ... this is the background of the producer of this "Movie" ... http://en.wikipedia.org/wiki/Lyndon_LaRouche regards
yes , my friend.
much propaganda everywhere.
but one should not be afraid of it.
Whats true will be true, whats not will be untrue.
Is just peoples opinions.

Looks they said dec 2012 was end. I'm still here.
they told me i cannot last the night, then 1 professor in medicine made that untrue.
then told me i won't last 8 months. slim chance.
is nearly 2 years already.
1 day will be correct. but for now i still go on.

watch it, think and do no evil.
They can say anything they like.
They say this man is no good.
Then is for this man prove them wrong.

In fact this man need do nothing.
time will be the prove.
what can traders do, we watch and we dance.
fomc tonight hor.
need polish my dancing shoes.

regards
  • #42,930
  • Sep 18, 2013 2:41am Sep 18, 2013 2:41am
this one's funny.
everyone's gf gets dragged in.

"2000–2003: Worldwide LaRouche Youth Movement, September 11 Attacks, Presidential run"
http://en.wikipedia.org/wiki/Lyndon_LaRouche

regards
Attached Image
  • #42,931
  • Edited 3:21am Sep 18, 2013 2:48am | Edited 3:21am
ai ya, the world is a stage, each playing a role?
some are really clowns.

Thanks redsun for the link.

but thanks to these clowns , we can avoid the kyoto protocol. pay taxes for farting.
Guess what drove the japs adopt "clean energy" usage. Reduction of co2 emmissions.
Now we know how clean is clean.

I still waiting my sashimi glow in the dark. would be a novelty.

but the flipside is , dang, lost 1 tradable market.
carbon market, could had out speculated forex and commodities markets.
tailored so many of the derivatives products for that, well, back to the drawing board.


regards
  • #42,932
  • Sep 18, 2013 3:52am Sep 18, 2013 3:52am
FTI, jia yo! I think you are a strong fighter. 祝您身體健康!
  • #42,933
  • Edited 4:35am Sep 18, 2013 4:04am | Edited 4:35am
Quoting 4tiger
FTI, jia yo! I think you are a strong fighter. 祝您身體健康!
Thank you tiger for your well wishes.
i just waiting flash beam of light from heaven hit my rear end.
maybe could kick start this body of mine.

thank you , thank you.

regards
  • #42,934
  • Sep 18, 2013 5:08am Sep 18, 2013 5:08am
i see part of my journey (trading and life) in this as i watched it, thought i would share

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-be careful about what you allow to be put in your mind-
  • #42,935
  • Sep 18, 2013 5:18am Sep 18, 2013 5:18am
very wierd.
iron lady says no change to policies, and we have big reaction.

but i'll stay out of the way until i see what fomc does.

red ah, black ah
round and round, the plates.
red ahh, black ajhh.

me is , sit in my (wheel) chair, please pass the bottles pls.
buy buy buy, no thanks.
sell sell sell, eeer no thanks.

get this chap out of the casino. he's wasting the ambience.

Inserted Video


regards
  • #42,936
  • Edited 6:07am Sep 18, 2013 5:33am | Edited 6:07am
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  • #42,937
  • Sep 18, 2013 6:33am Sep 18, 2013 6:33am
I am ready to defend 158.5 geppy.my troops in place.
Allah has permitted trade and has forbidden interest [koran]
  • #42,938
  • Sep 18, 2013 6:37am Sep 18, 2013 6:37am
Quoting phil13
i see part of my journey (trading and life) in this as i watched it, thought i would share http://www.youtube.com/watch?feature...&v=SipVykiE6mY
phil nice babys.

regards
  • #42,939
  • Edited 7:07am Sep 18, 2013 6:40am | Edited 7:07am
Quoting drzakir123
I am ready to defend 158.5 geppy.my troops in place.
good lucky , my friend.

Inserted Video


regards

you have friend. BOA.
they also tier 1.

http://www.forexfactory.com/news.php?do=news&id=448333
  • #42,940
  • Edited 7:50am Sep 18, 2013 7:13am | Edited 7:50am
what? how to position? How?

http://www.efxnews.com/story/20743/w...-goldman-sachs

regards

huh is correct.
Last i remember was when japan had earthquake, nikkei was on up up, then barings event.
now us economy is weak and Dow breaks high. what a coincidence.
Ai ya this the result. When lectures teaching me economics, i sleeping.

http://www.reuters.com/article/2013/...98G18K20130917

ok now housing figs.first.
sorry i sitting on my hands still.

mom's probably going get very worried.
why is the rascal, getting so hyped in middle of the night.
must cut down sugar in his diet.
would be easier capsulaise him & his computers in oxygen bubble.
otherwise, this way his oxy compressor is going go kaput.

might as well kaput. In fact i hate my compressor.
Of all things they have to buy me something called DEVILBISS. , dang : rofl:
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