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Technical Analysis Fallacy

  • #50,781
  • Nov 6, 2014 8:27am Nov 6, 2014 8:27am
nice music go on....................., i like it FTI
  • #50,782
  • Edited 9:09am Nov 6, 2014 8:39am | Edited 9:09am
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  • #50,783
  • Nov 6, 2014 9:12am Nov 6, 2014 9:12am
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  • #50,784
  • Nov 6, 2014 9:33am Nov 6, 2014 9:33am
dear FTI
for 30 min i am fighting with my self to ask stupi (probably) question. As I re-read theread slowly from the begining some questions lurking inside my head probably i already know answer probably answers are in the thread but as i don not want to rush things for my self i have to ask.
In your teching AT is only the art of ON-SPOT interpratetion of the battle behind bars/sticks not the crystal ball thing and the true TRADER should stick to interpretation and do not allow his mind be loose enought to fell that he can predict?

again sorry for interruption and question outplaced ( not for tips of )
  • #50,785
  • Edited 10:58am Nov 6, 2014 10:21am | Edited 10:58am
ai ya swis. naughty.naughty.
i ate all your rates?
why you posting much on social, nothing here. There many friends here woh.

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  • #50,786
  • Edited 11:28am Nov 6, 2014 10:42am | Edited 11:28am
Quoting s189145
dear FTI for 30 min i am fighting with my self to ask stupi (probably) question. As I re-read theread slowly from the begining some questions lurking inside my head probably i already know answer probably answers are in the thread but as i don not want to rush things for my self i have to ask. In your teching AT is only the art of ON-SPOT interpratetion of the battle behind bars/sticks not the crystal ball thing and the true TRADER should stick to interpretation and do not allow his mind be loose enought to fell that he can predict? again sorry...
not really.
there is a trend of leads and thoughts. Is not possible make all the "right" decisions. Re adjustments along the process is necessary. But one should becareful if most decisions giving negetive returns. One can be wrong, but must never allow 1 bad apple spoil the whole basket by forcing whats wrong again and again. set some limits for benchmarking your decisions.
sometimes you right. When its right you teach self how capitalise the situation to optimum , but safely.
sometimes you wrong. And when you wrong, need manage situation with utmost prudence , limiting damage and trying float your book again.
This can only happen if one has preplanned limits and trained responses with good skills. There is still possibiity that even that may not be sufficient in some circumstances. With experience one keeps adjusting the risk to one's ability respond with good mind, as one's experience and skills matures.

crystal ball and bias , it creeps into everyone's minds, but it should never override your ability manage or circumvent your preset risk limits. Once one's thinking becomes unconventional or deviate from positive precedence ( could be due to greed or fear or emotions), is likely one will panic and loose it all.

regards

manage according to terrain as it unfolds, best to one's ability. In uncharted territories, proceed with utmost caution. Is ok make wrong profit decision, is foolish press loss situations exceeding ability to manage.
  • #50,787
  • Nov 6, 2014 11:02am Nov 6, 2014 11:02am
Quoting fti
{quote} not really. there is a trend of leads and thoughts. Is not possible make all the "right" decisions. Re adjustments along the is necessary. But one should becareful is most decisions proviing wrong. One can be wrong, but must never allow 1 bad apple spoil the whole basket. sometimes you right. When its right you teach self how capitalise the situation to optimum , but safely. sometimes you wrong. And when you wrong, need manage situation with utmost prudence , limiting damage and trying float your book...
tonight I will be sleep like a baby................................... ............................... i.e weak up every other hour and non stop cray again cry than sleep and ag........ the rate was 1.2525 wow it is durgi time again ok let short the euro. short with full gun powder oh nice she is going down good. it is the ride oh stop what is this red colour. oh stop my broker is going to made. oh no stop it stop it stopppppp how the hell on earth who change my sell triger with buy. I sell it but it was buy
how change it let me find him,
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don't predict direction, but dance with flow of water
  • #50,788
  • Edited 12:29pm Nov 6, 2014 11:34am | Edited 12:29pm
Quoting priceaction1
{quote} tonight I will be sleep like a baby................................... ............................... i.e weak up every other hour and non stop cray again cry than sleep and ag........ the rate was 1.2525 wow it is durgi time again ok let short the euro. short with full gun powder oh nice she is going down good. it is the ride oh stop what is this red colour. oh stop my broker is going to made. oh no stop it stop it stopppppp how the hell on earth who change my sell triger with buy. I sell it but it was buy how change...
?????you best stop business with that chap then. are you very sure? not a doubt?
this a question for you and you to think.
If you very sure,then you stop doing business with them.

unless you have camera and voice survallance like deal rooms, there's no way for you prove it to authorities.
Just stop before damage.

Only thing you can do is report the matter. And if there enough cases on the party, they may probe.

don't you check you blotter fills on every trade?
once you detect is wrong hit, you must correct immediately.
This is industry standard. Never allow an err become a mistake.
i alway know what my net exposures and position. constantly.
why you think deal rooms have position clerks?
now with electoronic nlotters i even keep tab on what the P&L activities.

I even check that the price & size is correctly blottered.
Any discrepency i immediately take corrective actions square out and file arbitration notice.
And counter party is offline until arbitration is resolved.

regards

in fact if you have proof , you file police report also.
  • #50,789
  • Nov 6, 2014 12:28pm Nov 6, 2014 12:28pm
damage is part of the battle,
Learning is a Journey Not a Destination
  • #50,790
  • Nov 6, 2014 12:35pm Nov 6, 2014 12:35pm
Thank you Fti for everything
Learning is a Journey Not a Destination
  • #50,791
  • Nov 6, 2014 8:44pm Nov 6, 2014 8:44pm
Quoting priceaction1
{quote} tonight I will be sleep like a baby................................... ............................... i.e weak up every other hour and non stop cray again cry than sleep and ag........ the rate was 1.2525 wow it is durgi time again ok let short the euro. short with full gun powder oh nice she is going down good. it is the ride oh stop what is this red colour. oh stop my broker is going to made. oh no stop it stop it stopppppp how the hell on earth who change my sell triger with buy. I sell it but it was buy how change...
Hey, sorry to hear about your loss.

I would suggest stop trading with your bro immediately, who is it, Capital Trust Markets? thanks for warning us.
  • #50,792
  • Nov 6, 2014 10:52pm Nov 6, 2014 10:52pm
Quoting priceaction1
{quote} tonight I will be sleep like a baby................................... ............................... i.e weak up every other hour and non stop cray again cry than sleep and ag........ the rate was 1.2525 wow it is durgi time again ok let short the euro. short with full gun powder oh nice she is going down good. it is the ride oh stop what is this red colour. oh stop my broker is going to made. oh no stop it stop it stopppppp how the hell on earth who change my sell triger with buy. I sell it but it was buy how change...

Hi Priceaction1

sorry to hear this .

your are good at this, you will make it back, do not let it set you back my friend , i am sure what ever the reason for that trade you will get it resolved and recover from it, remember the monk story, do not let it weigh to heavy on you.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #50,793
  • Nov 6, 2014 11:57pm Nov 6, 2014 11:57pm
sometimes you right. When its right you teach self how capitalise the situation to optimum , but safely. sometimes you wrong. And when you wrong, need manage situation with utmost prudence , limiting damage and trying float your book again.This can only happen if one has preplanned limits and trained responses with good skills. i agree 100% about thins .......FTI ...............
  • #50,794
  • Edited 1:45am Nov 7, 2014 12:36am | Edited 1:45am
http://www.spiegel.de/international/...-a-993409.html

the ass-backed, isn't that just QE?
why need call it air bag system(ABS)?
cannot call it ASS?
feds just calls it QE.(quantity easing)

just wait till they need recall all for defects.

excuse me i need go easing. BRB

regards
  • #50,795
  • Nov 7, 2014 12:43am Nov 7, 2014 12:43am
Quoting fti
{quote} not really. there is a trend of leads and thoughts. Is not possible make all the "right" decisions. Re adjustments along the process is necessary. But one should becareful if most decisions giving negetive returns. One can be wrong, but must never allow 1 bad apple spoil the whole basket by forcing whats wrong again and again. set some limits for benchmarking your decisions. sometimes you right.
There is a lot to think about in this reply - so it will take me time to truly appreciate/understand/get to grips with every word being spoken here.

Is hard sometimes not to be rigid (bias) and adapt to flow with the water - but this is what we must do. It is up to us.

I am only just starting out on this journey but the results of flowing are amazing. Do not get me wrong I am so new and so clumsy and this is like nothing I have done before. I am clumsy in attack and clumsy in rescue but I am improving slowly and my book is positive - although at end of day I am still amazed it got to be like that and not sure how I ended up there even when I am wrong - so my head is just trying to make out what is going on now and I know I need to slow down to flow well.

We all need to set limits and manage our live trades real careful - I check every one when placed to make sure it is right in direction and price - I have made stupid mistakes and move fast to rectify - we all need to manage this carefully. It is up to us.

I really do appreciate FTI's wisdom and advice - it has made all the difference to me. I am no longer looking for something that seemed out of reach and I will never forget what FTI (with his helpers) has given me - asking for nothing except we return it with kindness.

What a journey.
check out the terrain - follow never lead
  • #50,796
  • Nov 7, 2014 12:55am Nov 7, 2014 12:55am
Quoting alexandria
{quote} There is a lot to think about in this reply - so it will take me time to truly appreciate/understand/get to grips with every word being spoken here. Is hard sometimes not to be rigid (bias) and adapt to flow with the water - but this is what we must do. It is up to us. I am only just starting out on this journey but the results of flowing are amazing. Do not get me wrong I am so new and so clumsy and this is like nothing I have done before. I am clumsy in attack and clumsy in rescue but I am improving slowly and my book is positive - although...
ahhh Thank you for you so very kind words.
I like believe many good peeps on thread also feels very happy for your appreciation. esp that phil must be dancing already.(with sharks or croc )

To put very bluntly, we can all try to help. But is was your decision to want to learn and adapt that brought you the gifts.
We can pile up under the christmas tree like the towel of babel, but if you no wanted the gifts, it will just be piled there only.
So now you experienced the power in you. The power humble.

Trade and adapt well, there is a long learning curve.
As you succeed pass it along help others any way you can.

God Bless.

regards

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now back to watch injured crocs feeding.
  • #50,797
  • Nov 7, 2014 1:24am Nov 7, 2014 1:24am
wow, must be very dirty.
God had been sending em washing and washing since yesterday.
non stop, still washing.
Wah so cold also.
Hope not run short of water.

long way complaining about the raining dog and cats.

regards
  • #50,798
  • Nov 7, 2014 2:01am Nov 7, 2014 2:01am
i am just looking for stops as no clear clear direction only ranging.

regards

Phil.

seems i am not the only one in these spots.

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-be careful about what you allow to be put in your mind-
  • #50,799
  • Nov 7, 2014 4:56am Nov 7, 2014 4:56am
my bad I did not clear the things !!! It was me how did all the wrong things. the initial thought was short but I did hit the BUY ( by mistake) and did not relies the blunder,the move was so quick when I come to know the satiation it was too late. the pain and stress is so high bcz not only the move miss but also wipe up the last day 75% profit with original funds i.e 1/10 of over all funds. as I put 1/10 of total fund on full risk.
broker is nice with me I am with him since 2 years. no issue with them, they even refund me 1750$ when the there was a issue about position close I honestly believe it was 60:40. ratio of wrong doing 60% was mine 40% from them. but they refund the amount. I did not write the name of broker but just write it bcz there are some good ones there and they are one of them.

It was ME, who did press the wrong one!!!!!!!!!!!!!!
don't predict direction, but dance with flow of water
  • #50,800
  • Nov 7, 2014 5:04am Nov 7, 2014 5:04am
Quoting phil13
{quote} Hi Priceaction1 sorry to hear this . your are good at this, you will make it back, do not let it set you back my friend , i am sure what ever the reason for that trade you will get it resolved and recover from it, remember the monk story, do not let it weigh to heavy on you. regards Phil.
yes after all we are human
don't predict direction, but dance with flow of water
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