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Technical Analysis Fallacy

  • #45,941
  • Apr 23, 2014 9:09am Apr 23, 2014 9:09am
Quoting fti
{quote} you saw ghost? i only seeing have millipede. ai ya not focused. millipede broke ranks. okok 1.3810 comes. regards ok for those scratching head on lingo i just told trade8 watch asap page. any bank bid 1.3810 can call me i will sell him at 1.3810. any one bid above that "call out !" and hit the bugger. if i shout off. please don't take off your pants. i just asking cancel the instruction hor.
Can someone direct me to the Reuters ASAP page that is mentioned above in this post ?
(it was mentioned several times prior too...)

Many Thanks.
  • #45,942
  • Apr 24, 2014 1:43am Apr 24, 2014 1:43am
Quoting appleboy
{quote} Can someone direct me to the Reuters ASAP page that is mentioned above in this post ? (it was mentioned several times prior too...) Many Thanks.

Hi appleboy

i have also tried to find it in the past, i believe it is a premium service for the trade (banks, funds ect)

regards

Phil.


fti.
-be careful about what you allow to be put in your mind-
  • #45,943
  • Apr 24, 2014 7:02am Apr 24, 2014 7:02am
Quoting phil13
{quote} Hi appleboy i have also tried to find it in the past, i believe it is a premium service for the trade (banks, funds ect) regards Phil. fti.
Thanks Phil.
Much appreciated.
  • #45,944
  • Apr 25, 2014 10:25am Apr 25, 2014 10:25am
[quote=fti;7412067]{quote} ahhhh,ahh there. i said keep calm and carry on. no get air into head, is still long roads ahead. slow and steady. if you got it working, stay that way. if you got it, it will take you there. remember, the invincibility feeling comes, at the peak of a downfall. but for now 3000% performance gives you complete bragging rights.

for chief from deep from hart.

It is only due to chief!!!! dance with follow.
Total Trades:66 Short Positions (won %):35 (97.14%)Long Positions (won %):31 (87.10%)
Profit Trades (% of total):61 (92.42%)Loss trades (% of total):5 (7.58%)

Deposit/:19.00 Credit Facility:5.70
Closed Trade P/L:552.74Floating P/L:0.00Margin:0.00
Balance:571.74Equity:577.56Free Margin:577.56

2905% profit 66 trades win 61, loss 5. in two week
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
don't predict direction, but dance with flow of water
  • #45,945
  • Apr 25, 2014 10:52am Apr 25, 2014 10:52am
priceaction1 would you mind detailing your money management and risk/reward parameters? Would be much appreciated.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #45,946
  • Apr 25, 2014 11:36am Apr 25, 2014 11:36am
no stop loss, risk is profit of last two wining trades, so it change with trade out come, 5M time frame, profit is profit even it is 0.5$. fight with loosing position with 1:1:2. close as soon B/E achieved. trade only high probability trade,

reading it before every trade!!!!!

free corn feeding areas!!!!


"The price of free corn.
The parable of the pigs has a serious moral lesson.
Markets have the skills as that trapper.
Remember your MO, and purpose.
If you are scalping, beware the gates.
If you are trading, then do not run too far off your norm.
If you cannot hold on to your intended protocol and MO, then you will be caged by the market , sometime.
If you ever get into that position as a trader , you will have to fight tooth and nail, just to get out of it."
by fti!!!
don't predict direction, but dance with flow of water
  • #45,947
  • Apr 25, 2014 11:59am Apr 25, 2014 11:59am
Quoting priceaction1
Quoting fti
{quote} ahhhh,ahh there. i said keep calm and carry on. no get air into head, is still long roads ahead. slow and steady. if you got it working, stay that way. if you got it, it will take you there. remember, the invincibility feeling comes, at the peak of a downfall. but for now 3000% performance gives you complete bragging rights. for chief from deep from hart. It is only due to chief!!!! dance with follow. Total Trades:66 Short Positions (won %):35 (97.14%)Long Positions (won %):31 (87.10%) Profit Trades (% of total):61
...

JUST WOW !!!
Keep it UP
MAkes me be more motivated !!!
Do not be victim to conflict of the General and Commander in you - by FTI
  • #45,948
  • Apr 25, 2014 12:17pm Apr 25, 2014 12:17pm
Quoting priceaction1
no stop loss, risk is profit of last two wining trades, so it change with trade out come, 5M time frame, profit is profit even it is 0.5$. fight with loosing position with 1:1:2. close as soon B/E achieved. trade only high probability trade, reading it before every trade!!!!! free corn feeding areas!!!! "The price of free corn. The parable of the pigs has a serious moral lesson. Markets have the skills as that trapper. Remember your MO, and purpose. If you are scalping, beware the gates. If you are trading, then do not run too far off your norm....
Priceaction

when you mention , 1 1 2 , it means that 1 is your first entry and you use 1 ,2 for rescue so total 1 1 2 so only 4 pieces by trade . ?
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #45,949
  • Apr 26, 2014 3:26am Apr 26, 2014 3:26am
Quoting priceaction1
* if it is stop sweeping than price soon become to base level. * if price move in any direction and stay there and making another bas line than this is new balance point. * if base line is near so called support/resistance point, than it is high chance of stop sweeping. * Simpy think like a stop lover trader and locate the area of stop sitting people, sitting duck. * between that area and base line some action can happen. * no pair move independently so look others pairs too i.e 3 kingdoms. more to come.
Can you show live example ?
  • #45,950
  • Apr 26, 2014 3:49am Apr 26, 2014 3:49am
@trexy
some of my trades on Friday. it is live account.

https://charts.mql5.com/4/547/eurusd...point-of-2.png
don't predict direction, but dance with flow of water
  • #45,951
  • Edited 1:12pm Apr 27, 2014 12:29pm | Edited 1:12pm
Priceaction1, it is so nice of you to show us your trades. I may be a little slow in comprehension. You spoke of 5m but your chart is 1m. What is to be gleaned? You shorted when price was rising.

What was the actuator of you shorting the eurusd at this point in time? Was there something earlier in your trading session which told you to wait for this particular level? Please annotate the gates.

Your chart shows five positions opened in six minutes... The second, third, forth, fifth and sixth openings- averaging in, rescue or piling on?

Maybe I am just TooSlow.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #45,952
  • Apr 27, 2014 12:38pm Apr 27, 2014 12:38pm
it was just due to clear the picture.

5m bar chart with all my trades on Friday.

https://charts.mql5.com/4/553/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #45,953
  • Apr 27, 2014 12:51pm Apr 27, 2014 12:51pm
at present some sitting duck may be at 1.3857-1.3880 area , so if price test these areas and come back to 13840-50 area in short time it will be stop sweeping. if price goes there and stay there and make new base line (equilibrium) than trade with respect to that point,
one can not predict the direction so it can go down towards 1.3780-70 area. some one is sitting at that level, so I don't know the direction of next move but what I know is what I do if it goes up or down
don't predict direction, but dance with flow of water
  • #45,954
  • Apr 27, 2014 12:51pm Apr 27, 2014 12:51pm
Hi Guys
How r you doing ?

Quoting priceaction1
it was just due to clear the picture. 5m bar chart with all my trades on Friday. {image}
PriceAction1
First off all i want to say that you are doing great job in you way.
As long as it works for you i think it is excellent and keep it up.
You are probably on a right track.
Having that in mind i want to say that two weeks is not enough experience i think you have to go on practicing.
We are not taming the market we are following. By the last chart looks that you are very nimble (that what FTI always talked about)
Dont Forget that you have to bring yourself above defeat that means you have always to have a rescue plane and ammo to do so.

Your result are very impressive - i think in that pace i would focus on how to preserve that state of mind and MM and MO.
Just be careful of sudden impulses against you and be prepared for them.
As FTI said PRESERVATION of capital.
Regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #45,955
  • Apr 27, 2014 1:06pm Apr 27, 2014 1:06pm
Thank you @ Michael , yes you are right, so far I have two rescue trades, with 1:2 attack,

https://charts.mql5.com/4/553/eurusd...point-of-3.png
don't predict direction, but dance with flow of water
  • #45,956
  • Apr 27, 2014 1:22pm Apr 27, 2014 1:22pm
Priceaction
For you and all the guys in here . Some links that i think may refresh important things !!!
Link 1
Link 2
Link 3
Link 4
Link 5

Regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #45,957
  • Apr 27, 2014 1:36pm Apr 27, 2014 1:36pm
get well soon chief.
don't predict direction, but dance with flow of water
  • #45,958
  • Apr 27, 2014 1:38pm Apr 27, 2014 1:38pm
Quoting priceaction1
get well soon chief.
Yep
Without FTI this Thread Slows Down
Wish Him Good health as it can be for him .
Do not be victim to conflict of the General and Commander in you - by FTI
  • #45,959
  • Apr 27, 2014 2:40pm Apr 27, 2014 2:40pm
Quoting priceaction1
it was just due to clear the picture. 5m bar chart with all my trades on Friday. {image}
The first group of opening trades visible on 5m chart is understandable. Free corn feeding area in plain view. IMHO, your second group of trades shows hesitation followed by impatience. In your debt, priceaction1, for your generosity. How may I repay your kindness?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #45,960
  • Apr 27, 2014 9:04pm Apr 27, 2014 9:04pm
I have to close it bcz going office, don't want to let the baby unattended.

https://charts.mql5.com/4/555/eurusd...point-of-3.png
don't predict direction, but dance with flow of water
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