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Technical Analysis Fallacy

  • #51,101
  • Edited 10:21am Nov 20, 2014 9:49am | Edited 10:21am
Quoting fxmusa
{quote} sorry for my wrong word i don't see the news result. news result confused me. i always avoid it. i trade my own strategies. am i right ? or wrong ? if i wrong please advice me , again regards
i don't understand what you trying to say.

when market moving news is released markets responds to the news.
whats so confusing about it?

regards

i think english is your other language. try say it slowly.
use more words . i try to understand what you trying to say.

ok i say things and you try to understand.

news has no results.
news can only create the cause for responds.
the people who on wrong side positions, they need cut positions, so markets move fast away capitalise on their disadvantage.
and the more, the people on the wrong side, the faster the market moves away, as they are seen rushing to cut.

If your 'system' is any good, it will cause you respond, as fast as you can, if you also caught on the wrong side of the swing.

This the reason why i do not carry positions into 'events'. so i never need rush.
when i see people rushing, i slowly snipe them off 1 by 1. when people rushing. Normally they very panic.
so is easy pick them out slowly.
  • #51,102
  • Nov 20, 2014 10:05am Nov 20, 2014 10:05am
thanks fti , now i understand.

sorry for English . yes English is not my mother language.
regards
  • #51,103
  • Nov 20, 2014 10:20am Nov 20, 2014 10:20am
Quoting fxmusa
{quote} sorry for my wrong word i don't see the news result. news result confused me. i always avoid it. i trade my own strategies. am i right ? or wrong ? if i wrong please advice me , again regards
You really need to understand how to play the news and the holes in liquidity news can create. Many times these holes have to get filled as they are unwanted inventory. You just have to watch how price reacts, and intuition can help a lot. Price is in constant search for liquidity and the way it moves can tell you a lot during any market time.

I don't always trade news, but the reaction can provide lots of good opportunities. I literally came home today after dropping my sister off to school and running errands and caught up on the markets around 9:30. Took my first trade and forgot to check the calendar, so when I saw news was coming out I quickly closed it and waited to see how the data would come out. No rescues needed, thankfully, and now I'm done for the day. Thank you FTI and many others.
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  • #51,104
  • Nov 20, 2014 10:23am Nov 20, 2014 10:23am
Quoting fxmusa
thanks fti , now i understand. sorry for English . yes English is not my mother language. regards
is ok.
if used wrong words then say more words so that i can try picture what you trying to say.

regards
  • #51,105
  • Nov 20, 2014 10:36am Nov 20, 2014 10:36am
phew, jap lady all squared. was nice to me , thank you very mcuh

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market seemed overly long on the jap girl. 10 meters long? i guess it cant be help that is so long, especially after the long straight line up from 116.
full retrace today and selling on good fig, those long peeps from 100 running for exit?
need to search for my bear suit

wait wait, no need the suit now, go for the range, feels like may get stuck in range while the 100 guys take their leave and late entrants jump into the hot pot

good nite frens. fti you still here? pls take care
THE ALL is MIND; The Universe is Mental
  • #51,106
  • Nov 20, 2014 10:37am Nov 20, 2014 10:37am
Hello FTI;

How are you?

You look real good and cheerful.

Keep it up. Long time no see you.
  • #51,107
  • Nov 20, 2014 10:53am Nov 20, 2014 10:53am
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USD High Impact news, Actual is good ( green )

but i can not see it. those time my 2 buy position on going (gbp/ usd, and eur/ usd.) 1 hours ago i close my 2 position 60 pips and 40 pips.but if i see those news i will so much confused and i will close my position on thins time . but i am not doing that. i hold my position and gain 60 and 40 green pips.

that's way i can not see the forex factory calendar news. i always avoid it.

regards .
  • #51,108
  • Edited 2:56pm Nov 20, 2014 11:44am | Edited 2:56pm
Quoting fxmusa
{image} USD High Impact news, Actual is good ( green ) but i can not see it. those time my 2 buy position on going (gbp/ usd, and eur/ usd.) 1 hours ago i close my 2 position 60 pips and 40 pips.but if i see those news i will so much confused and i will close my position on thins time . but i am not doing that. i hold my position and gain 60 and 40 green pips. that's way i can not see the forex factory calendar news. i always avoid it. regards .
you should not read figures releases just by seeing if figs is green or is red.
you need find out what market expectations of it. and watch markets responds to it.
and you need watch the intensity(strength) of responds.

your confusion is comes from your position bias(predictions) and expectations.

for example.
we expect market may test 1.2300
but what if market finds lots buyers 1.2350 and never tests 1.2300.
you have to constantly read whats happening in markets.
expectations is just that expectation. but you must respond to what markets are doing.

This problem of many traders.
They make decision and they write everything in stone. if situation changes, they not know how to respond to the change.
This the rigidity i talking about.
This especially so if trader is dependent on systems and indicators. Or waiting confirmations.
Makes trader non responsive to change and unable to move.

nimbleness is a trained mental responds, is not words.
but also not expect to be super nimble. Comes with experience and emotional stability.
is like exercise, the more one does it, the easier it gets.

Is also easy lose the skill, if emotions disturbed, or becomes nervous, or greedy or afraid.
Or feel too self important, or behaving wicked. Any of these can make you unable see and think clearly.
Sometime if changing too fast will create more disorientation and confusion.
and it is not a system. there no steps to follow. Is just keep adapting to clearer and clearer way of seeing flow, as one's other skills improves.

The process of achieving that nimbleness, the important aids and components, i already put on this thread.

regards
  • #51,109
  • Nov 20, 2014 11:55am Nov 20, 2014 11:55am
Quoting fti
{quote} you should not read figures releases just by seeing if figs is green or is red. you need find out what market expectations of it. and watch markets responds to it. and you need watch the intensity(strength) of responds and the places where market pauses and where it loses and gains strengths. your confusion is comes from your position bias(predictions) and expectations. for example. we expect market may test 1.2300 but what if market finds lots buyers 1.2350 and never tests 1.2300. you have to constantly read whats happening in markets....

newbies read this, i still evaluate my mindset with above statement...


V
  • #51,110
  • Nov 20, 2014 3:23pm Nov 20, 2014 3:23pm
Quoting indianguyinny24
{quote} newbies read this, i still evaluate my mindset with above statement... V

Hi V

got to agree with you, another jewel within this thread, you can not truly start to understand what is here until you become relaxed within yourself, it has taken me a while but i think i might be finally getting there, what a very personal journey.

look at the time, no one can say i am sloping off with the bear tonight for high tea, no true englishman would have tea this late....

goodnite my friends.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,111
  • Nov 20, 2014 10:13pm Nov 20, 2014 10:13pm
Is also easy lose the skill, if emotions disturbed, or becomes nervous, or greedy or afraid.
Or feel too self important, or behaving wicked. Any of these can make you unable see and think clearly.
Sometime if changing too fast will create more disorientation and confusion.
and it is not a system. there no steps to follow. Is just keep adapting to clearer and clearer way of seeing flow, as one's other skills improves.

the KEY thing .................
thanks fti
regards
  • #51,112
  • Nov 20, 2014 10:22pm Nov 20, 2014 10:22pm
USD/SGD seems interesting. Anyone here trade that pair? or have any insight on how the economy is doing in Singapore?
Be like water making its way through cracks.
  • #51,113
  • Nov 20, 2014 11:05pm Nov 20, 2014 11:05pm
GEM singing xihuanni - nice song and girl
live your life heartfully..
  • #51,114
  • Edited 2:35am Nov 21, 2014 2:07am | Edited 2:35am
Quoting ClumsyTrader
USD/SGD seems interesting. Anyone here trade that pair? or have any insight on how the economy is doing in Singapore?
i don't know what s with traders that looking for opportunities in exortic currentrys trade.
I mean what does one get from speculating into small economies?
They mostly use heir currencies as means of livlyhood, buy/sell goods and services domestic.
But of course if you have ambitions, then i not know what u ambition are.

As far as i am aware, sgd's ecomies lies in entreport trades, which is done in foreign currencies units.
land is scarce. labours is very heavily imported. capitals like i said is on piggyback denoiminated on foreign units.
So maybe i like ask what your ambitions?

regards
  • #51,115
  • Nov 21, 2014 4:10am Nov 21, 2014 4:10am
better take a leak before buba Weidmann speaks.

regards

Phil.

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-be careful about what you allow to be put in your mind-
  • #51,116
  • Nov 21, 2014 4:17am Nov 21, 2014 4:17am
good day peeps, hows the catch?

managed to catch some baby bears off the jap lady just now
THE ALL is MIND; The Universe is Mental
  • #51,117
  • Nov 21, 2014 4:18am Nov 21, 2014 4:18am
Quoting ClumsyTrader
USD/SGD seems interesting. Anyone here trade that pair? or have any insight on how the economy is doing in Singapore?
not interesting lah, the rate is allowed to flucuate within a trading band determined by the government and undisclosed. is controlled, how to trade something controlled?
THE ALL is MIND; The Universe is Mental
  • #51,118
  • Nov 21, 2014 4:19am Nov 21, 2014 4:19am
Quoting chrisyuto
GEM singing xihuanni - nice song and girl


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THE ALL is MIND; The Universe is Mental
  • #51,119
  • Nov 21, 2014 4:25am Nov 21, 2014 4:25am
i know i said i should not for a while....but

Attached Image
-be careful about what you allow to be put in your mind-
  • #51,120
  • Nov 21, 2014 4:33am Nov 21, 2014 4:33am
Quoting phil13
i know i said i should not for a while....but {image}
hey phil, what's that mean?

anyone on the euro lady? first round euro bulls and cows sq. hit and run extended range ops

reload scout

1 x bull scout called back, waiting for opport to reload

shucks, it broke 50, there goes. aiming bull at 30
THE ALL is MIND; The Universe is Mental
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