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Technical Analysis Fallacy

  • #49,841
  • Sep 8, 2014 3:19pm Sep 8, 2014 3:19pm
[/quote]my scouts are in the field,quite deep now.i have mobilised quite bit of my army to support them as and when needed.this is the first time my scouts are on 4 different battlefields namely NZD,EURO,GBP,TRY.long journey ahead.i am maintaining my centre.can understand how difficult for America to fight on so many fronts.
Allah has permitted trade and has forbidden interest [koran]
  • #49,842
  • Sep 8, 2014 3:21pm Sep 8, 2014 3:21pm
Quoting priceaction1
I am alive and back ,alhamudullah,
Oh Thank God.

Be careful now, won't you.
Don't go too many by passes hor.

And pls stay away from markets recuperate first.
allow the irrigation recover.

regards
  • #49,843
  • Sep 8, 2014 3:24pm Sep 8, 2014 3:24pm
Quoting drzakir123
[/quote]my scouts are in the field,quite deep now.i have mobilised quite bit of my army to support them as and when needed.this is the first time my scouts are on 4 different battlefields namely NZD,EURO,GBP,TRY.long journey ahead.i am maintaining my centre.can understand how difficult for America to fight on so many fronts.

wooow,
how are you getting along Dr.
Is it working for you yet?
Your domicile is cable.
For now investing in any thing is better than holding the castle.
Just be on lookout if the rates may move.
Markets forcing hands for it already. awaiting respondse from the ironlady.

Long time no see.

regards
  • #49,844
  • Sep 8, 2014 3:25pm Sep 8, 2014 3:25pm
Quoting fxmusa
GBP / USD = 170+ pips gap. wow. i am total confused, what going on in gbp atm.
Scottish independence vote. YouGov poll in the Sunday Times was 51% - 49% in favour of yes voters
  • #49,845
  • Sep 8, 2014 3:32pm Sep 8, 2014 3:32pm
Quoting fti
{quote} wooow, how are you getting along Dr. Is it working for you yet? Long time no see. regards
i am very well fti,thank you,yes it is working.i have nicely incorporated your idea of rescuing into my trading.also i have learnt to keep carry winds on my back.given another couple of years of learning things will become smoother.by the way since january this year net return on equity about 12.5%.the important point is consistency here rather than the amout of money i made.
Allah has permitted trade and has forbidden interest [koran]
  • #49,846
  • Sep 8, 2014 3:33pm Sep 8, 2014 3:33pm
Quoting ukmanthailan
{quote} Scottish independence vote. YouGov poll in the Sunday Times showed 51% - 49% in favour of yes voters
This in-house thingy.
But the timing very critical.

1st with the cranes in-house problems , now uk.
The timing very scary.
Feels like full moon.

regards
  • #49,847
  • Sep 8, 2014 3:39pm Sep 8, 2014 3:39pm
Quoting fti
{quote} nimble poker face? regards

Yup...hows EU...i am still short.....

V
  • #49,848
  • Sep 8, 2014 3:41pm Sep 8, 2014 3:41pm
Quoting indianguyinny24
{quote} Yup...hows EU...i am still short..... V
$<(◡‿◡✿<) €£¥
my bias too
  • #49,849
  • Sep 8, 2014 3:42pm Sep 8, 2014 3:42pm
Quoting drzakir123
{quote} i am very well fti,thank you,yes it is working.i have nicely incorporated your idea of rescuing into my trading.also i have learnt to keep carry winds on my back.given another couple of years of learning things will become smoother.by the way since january this year net return on equity about 12.5%.the important point is consistency here rather than the amout of money i made.
wow, big boys doing around 7%.
You have already out run them.

regards
  • #49,850
  • Sep 8, 2014 3:45pm Sep 8, 2014 3:45pm
Quoting fti
{quote} This in-house thingy. But the timing very critical. 1st with the cranes in-house problems , now uk. The timing very scary. Feels like full moon. regards
the price action of gbp give me a feeling that it is just a balancing act in anticipation of vote not going to be positive.my feeling is price going to snap back, there by keeping the exchange rate stable.again i may be wrong,these r just my feeling.i dont see how scotland going to be seprated and uk remain united.any way scotland has its own currency for long time, which exchange 1:1 with pound sterling.
Allah has permitted trade and has forbidden interest [koran]
  • #49,851
  • Edited 4:01pm Sep 8, 2014 3:49pm | Edited 4:01pm
Quoting indianguyinny24
{quote} Yup...hows EU...i am still short..... V
nice, should be getting much pips.

me scouts still in the field, is gonna be long long days and nights just looking for that chance bring em home.
big mistake on my part.
waiting for the right timing, but not seems yet.
Time window over-runned.

need loads patience.
is ok, small pain refreshing my mind.
I become very rigid pain in the no sunlight place.
serve me right.
leaned on buba too much.

unfortunately is one of those things, i am trained never be on their opposite. I seen how powderful they can be.
but this time i need relearn my nimbleness.
Good lesson for me.

I sometime gets careless when size not in play.
But proven, best i try not be stupid.
I 'll try crawl back on the saddle. But i need have lots patience. cannot afford another mistake.
Unless euro going to zero, i should be ok.
But i realised i lost big opportunity cost.

BIGGER but is i no believe in negative interest rates, its too unnatural.
In fact i am opinioned that its criminal do that.


regards
  • #49,852
  • Sep 8, 2014 3:51pm Sep 8, 2014 3:51pm
Quoting fti
{quote} wow, big boys doing around 7%. You have already out run them. regards
but big boys have the problem of size and they dont use much leverage.despite having so many difficulties if they have 7%,its great,i think it will take another 10yr for me to reach those skills.i am still learning,and my result could be one of those positive series of coin tosses.
Allah has permitted trade and has forbidden interest [koran]
  • #49,853
  • Sep 8, 2014 4:34pm Sep 8, 2014 4:34pm
Quoting fti
{quote} nice, should be getting much pips. me scouts still in the field, is gonna be long long days and nights just looking for that chance bring em home. big mistake on my part. waiting for the right timing, but not seems yet. Time window over-runned. need loads patience. is ok, small pain refreshing my mind. I become very rigid pain in the no sunlight place. serve me right. leaned on buba too much. unfortunately is one of those things, i am trained never be on their opposite. I seen how powderful they can be. but this time i need relearn my...

i see myself in so may of same lessons i learned in last close to 6-7 year of fx trading though p[art time.......



biggest part i hate is "But i realised i lost big opportunity cost."....rescuing is not a big deal....but the oppurtunity cost that we miss that kills m,e,...



V
  • #49,854
  • Sep 8, 2014 7:31pm Sep 8, 2014 7:31pm
Quoting fti
{quote} This in-house thingy. But the timing very critical. 1st with the cranes in-house problems , now uk. The timing very scary. Feels like full moon. regards
I figured that because nobody really knows how it will affect the UK economy in the long run, it could be causing people to short cable at the moment. I'm not too caught up in whether that's true or not but it seems a good enough excuse
  • #49,855
  • Edited Sep 9, 2014 2:31am Sep 8, 2014 9:15pm | Edited Sep 9, 2014 2:31am
i got clobbered pretty badly this 2 months...
gotta resync

had to ask 2 companies to commit Harakiri (edit: i think it was more like 2 batallions)
i got overconfident after a pretty good run first half of the year

in times like these,
i read the Scorpion and Tortoise story - to find out which of my scorpions got me into this
I read the Man on the roof story - and ask myself why i did not get out when i had the opportunity
I read the Monk and the girl story - and ask myself why i did not let memories of my old trades go
I read the Price of free corn story - and remind myself that the markets are master trappers and they got me this time
I read the Emperor moth story - to remind myself that there will be struggles and pain to get to where i want to go
and
I read the Sandpiper story - to remind myself that i must spend time on what matters and always be kind even if things don't go well for me right now.

oh well, live and learn.

Good trading my friends...
  • #49,856
  • Edited Sep 9, 2014 12:00am Sep 8, 2014 11:03pm | Edited Sep 9, 2014 12:00am
Quoting appleboy
i got clobbered pretty badly this 2 months... gotta resync had to ask 2 companies to commit Harakiri i got overconfident after a pretty good run first half of the year in times like these, i read the Scorpion and Tortoise story - to find out if which of my scorpions got me into this I read the Man on the roof story - and ask myself why i did not get out when i had the opportunity I read the Monk and the girl story - and ask myself why i did not let memories of my old trades go I read the Price of free corn story - and remind myself that the markets...
you already master trader.
Now only need internalise it.
make it work consistently.

Emperor story , by yourself's good work.

Fighthing wrongs and rights , leave to market place,
Your job description,,,,,,,,get the pips, ego rest.

Inserted Video


Inserted Video

regards
  • #49,857
  • Sep 8, 2014 11:49pm Sep 8, 2014 11:49pm
Quoting appleboy
i got clobbered pretty badly this 2 months... gotta resync had to ask 2 companies to commit Harakiri i got overconfident after a pretty good run first half of the year in times like these, i read the Scorpion and Tortoise story - to find out if which of my scorpions got me into this I read the Man on the roof story - and ask myself why i did not get out when i had the opportunity I read the Monk and the girl story - and ask myself why i did not let memories of my old trades go I read the Price of free corn story - and remind myself that the markets...
market basic movement is up and down[fluctuate/vibrate/to&fro] with multiple time frames [as many as people],so the path prices travel is going be multidimentional whereby 99.99% of time one feel,one is wrong.how one going to exploit it is the question? In my view one take the biggest time frame[therby covering multiple time frame] and negative leverage and position yourself such that,volatility of lower time frame will make you profit.your job is to skim it with patience.market always give u a chance becos of volatility,to get out of those position, which r very wrong with a small loss.
The above is just my feeling and intuition and i have no empirical evidence to veryfy it,so always take it with a pinch of salt.thank you.
Allah has permitted trade and has forbidden interest [koran]
  • #49,858
  • Sep 9, 2014 12:22am Sep 9, 2014 12:22am
Quoting drzakir123
{quote}the price action of gbp give me a feeling that it is just a balancing act in anticipation of vote not going to be positive.my feeling is price going to snap back, there by keeping the exchange rate stable.again i may be wrong,these r just my feeling.i dont see how scotland going to be seprated and uk remain united.any way scotland has its own currency for long time, which exchange 1:1 with pound sterling.
I did wonder about that possibility as well. You see similar action in cable quite often before regular figures releases.

One interesting point to note is that the best prices you will get at a bookmakers for a no vote is 4/9 whilst they are offering 13/8 against a yes vote. I would take that to mean that the people who are actually prepared to back their opinions with hard cash still expect Scotland to remain part of the UK.
  • #49,859
  • Edited 1:24am Sep 9, 2014 12:59am | Edited 1:24am
Inserted Video


with negative interest rates, euro would lost its store of value attributes.
also lost atrubutes as acceptable medium of trade.
lost most of the attributes of a currency.
might as well all the euro banks close shop.

regards
  • #49,860
  • Sep 9, 2014 1:24am Sep 9, 2014 1:24am
Quoting drzakir123
{quote} market basic movement is up and down[fluctuate/vibrate/to&fro] with multiple time frames [as many as people],so the path prices travel is going be multidimentional whereby 99.99% of time one feel,one is wrong.how one going to exploit it is the question? In my view one take the biggest time frame[therby covering multiple time frame] and negative leverage and position yourself such that,volatility of lower time frame will make you profit.your job is to skim it with patience.market always give u a chance becos of volatility,to get out of those...
Thanks dr...
now for the long climb back to light...

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