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Technical Analysis Fallacy

  • #51,421
  • Jan 14, 2015 1:03am Jan 14, 2015 1:03am
first 3% loss in long time....what a start of year
  • #51,422
  • Edited 2:01am Jan 14, 2015 1:43am | Edited 2:01am
Quoting indianguyinny24
first 3% loss in long time....what a start of year
Hi V

i am sure you will turn it around soon my friend. as you said this is the hardest part getting some F/cap to fight with.

regards

Phil.

p.s european court ruling soon
-be careful about what you allow to be put in your mind-
  • #51,423
  • Jan 14, 2015 4:17am Jan 14, 2015 4:17am
Quoting RelaxRay
{quote} FTI, I really cant thank you enough for nuggets like this. Gam Bei {image}

yum seng.

regards
  • #51,424
  • Jan 14, 2015 4:19am Jan 14, 2015 4:19am
Quoting indianguyinny24
first 3% loss in long time....what a start of year
seems someone is counting the chickens/bulls before closing the gate.
Have patience or be patient.

in start of year every body want take risk.
I prefer not start with hole in ship.Makes difficult to sail when winds comes.
I already have small holes, from last year C/f trades.investments. Keep buying and keep gets cheaper.
Is difficult invest in mismanaged economics.

regards
  • #51,425
  • Jan 14, 2015 4:53am Jan 14, 2015 4:53am
Hi all

This morning I followed my man short - based on feel alone (from h1/m15/m5 all tell me to) - I am trying to learn to pump it to ride with the waves - I am not sure if I will do the right thing but my man will teach me for sure - if I sit on the sideline I will learn/do nothing. Has taken me a few days to get back into things - not sure why but still.... feel today was good. Not sure why I then go well I have had enough of that - sth in my mind?

Are there any other newbies out there learning/feeling the ropes? How's it going for you? I sometimes get intimidated with all the more expert peeps on here and can get a bit lost with what is being said - although later when I think about it there are nuggets of gold - maybe I am a bit slow sometimes - or on another planet. I need to learn so much - ants job and ants make me react so I need to take some antihistamine
check out the terrain - follow never lead
  • #51,426
  • Jan 14, 2015 5:10am Jan 14, 2015 5:10am
Quoting alexandria
Hi all This morning I followed my man short - based on feel alone (from h1/m15/m5 all tell me to) - I am trying to learn to pump it to ride with the waves - I am not sure if I will do the right thing but my man will teach me for sure - if I sit on the sideline I will learn/do nothing. Has taken me a few days to get back into things - not sure why but still.... feel today was good. Not sure why I then go well I have had enough of that - sth in my mind? Are there any other newbies out there learning/feeling the ropes? How's it going for you? I sometimes...
seems still testing find the bottoms. No waves yet, so what is there to ride?
just relax observe and send scouts out if can feel possibilities.
try not think too much, let markets speak to you.

The more you scratch the itchyier it gets. Just relax and send ants fig out whats happening in the markets.
Mostly for now i feeling nothing yet.
much currencies are cheap, but that doesn't mean cannot gets cheaper.
I try, if nothing happens i regroup. and keep scouts out there suffering wait.


regards
  • #51,427
  • Jan 14, 2015 5:25am Jan 14, 2015 5:25am
Quoting fti
{quote} seems still testing find the bottoms. No waves yet, so what is there to ride? just relax observe and send scouts out if can feel possibilities. try not think too much, let markets speak to you. regards
Thank you.

Sent out a few eur scouts who all came back good with cap. - did not think - noted stuff after - just did. Right or wrong - I do not know just did. Trying to go with my man's flow in his direction - so will try not think too much hurts the dancing makes me stand on his toes.
check out the terrain - follow never lead
  • #51,428
  • Jan 14, 2015 6:44am Jan 14, 2015 6:44am
been scouting A/U because of what is in the news and current p/a for the last hour or so, looks like might be starting to move now.

USD retail sales soon.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,429
  • Jan 14, 2015 8:20am Jan 14, 2015 8:20am
Quoting fti
{quote} Noted. But i like you to understand that i am not trying to be unkind. You must understand that different Corps have different risk profiles. Some are hedgers, some arbitragers and they have different risk portfolios. Is best one train with one's managers in line with the risk outlook they wish undertake. So is not wise i talk about any corp strategies as i do not know your corp risk profile. Could be dangerous for me teach you create speculative risk portfolio which may not be in line with your managers objectives. Moreover there myrid...
hi fti,

noted, i know u are not unkind, otherwise u won't be here teaching us in the first place.

well im not in a corp so, there is no manager to report to

hmm, alright, got it.
  • #51,430
  • Jan 14, 2015 8:24am Jan 14, 2015 8:24am
Quoting phil13
been scouting A/U because of what is in the news and current p/a for the last hour or so, looks like might be starting to move now. USD retail sales soon. regards Phil.
how's the croc pond?
survived the up swing?

I got tired, missed the pop.now trying fig where to bid more.


regards
  • #51,431
  • Edited 8:52am Jan 14, 2015 8:33am | Edited 8:52am
Quoting fti
{quote} how's the croc pond? survived the up swing? regards

Hi fti

no problem my friend, i allowed for the news and had only appropriate size in, just added a little more, still has not taken out that last big bear run so just a normal trade at the moment.

though not counting my chickens just yet.

regards

Phil.

Attached Image
-be careful about what you allow to be put in your mind-
  • #51,432
  • Jan 14, 2015 9:07am Jan 14, 2015 9:07am
managed to cross the bridge without losing any chickens, even banked a couple of pips, time to regroup and re-assess.......

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,433
  • Jan 14, 2015 9:41am Jan 14, 2015 9:41am
scouting G/U now, with the wind..

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,434
  • Jan 14, 2015 10:49am Jan 14, 2015 10:49am
Quoting phil13
{quote} Hi V i am sure you will turn it around soon my friend. as you said this is the hardest part getting some F/cap to fight with. regards Phil. p.s european court ruling soon

I wont lie, even after so many years, this kinda loss sucks bad.....hopefully will trunaround soon....but lets see...out this week from trading...


V
  • #51,435
  • Jan 14, 2015 10:50am Jan 14, 2015 10:50am
Quoting fti
{quote} seems someone is counting the chickens/bulls before closing the gate. Have patience or be patient. in start of year every body want take risk. I prefer not start with hole in ship.Makes difficult to sail when winds comes. I already have small holes, from last year C/f trades.investments. Keep buying and keep gets cheaper. Is difficult invest in mismanaged economics. regards
Well tried dancing and kinda backfired...it is only hit and run right now...tried some heavy barrell hit and run it backfired.....paid my price....damn i dont think i am zen enough to take losses will calm mind....zen enough to know not to trade for some time..

V
  • #51,436
  • Jan 14, 2015 10:53am Jan 14, 2015 10:53am
out of the G/U now and calling it a day.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,437
  • Jan 14, 2015 11:19am Jan 14, 2015 11:19am
Quoting Pharm0r
{quote} Historically- 1.1844 has seen many battles.
Visited once again..
  • #51,438
  • Edited 3:29am Jan 15, 2015 12:14am | Edited 3:29am
Quoting indianguyinny24
{quote} Well tried dancing and kinda backfired...it is only hit and run right now...tried some heavy barrell hit and run it backfired.....paid my price....damn i dont think i am zen enough to take losses will calm mind....zen enough to know not to trade for some time.. V

ok now try easy back, relax.
stop trying too hard. may help.

don't be too eager engage. when engage, just relax.
don't try to kill with 1 shot, kiss many frogs, from all over the ranges.
check your average from time to time will tell you if you in sync or whether you keep falling into traps?

I kept falling to their traps since 2014/12 so now i engage only if i want to. other wise i ignore em , like yesterday
they can do anything they like with the price.
i not bothered. if they like they can send euros to 90 cents. Not affects me.
only gives me better cost average. and longer holding time. but o much prefer hold more or cable. at least i get paid interest.
and safer because is not fiat.

regards
  • #51,439
  • Jan 15, 2015 2:05am Jan 15, 2015 2:05am
hahaha what a world.

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  • #51,440
  • Jan 15, 2015 2:55am Jan 15, 2015 2:55am
Quoting fti
{quote} ok now try easy back, relax. stop trying too hard. may help. don't be too eager engage. when engage, just relax. don't try to kill with 1 shot, kiss many frogs, from all over the ranges. check your average from time to time will tell you if you in sync or whether you keep falling into traps? I kept falling to their traps since 2014/12 so now i engage only if i want to. other wise i ignore em , like yesterday they can do anything they like with the price. i not bothered. if they like they can send euros to 90 cents. Not affects me. only...
Hi Chief,

it sounds like you are looking only to buy EURUSD and GBPUSD, (short USD). Please correct me if I'm wrong but is there a reason for having such a bias? Who are the peeps setting the traps? It does feel like EURUSD is somewhat oversold but shouldn't we just try to read what is happening daily to pick up the trend?

Thank you for your kind advice
Wayne
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