{quote} I just like the way you put it """ The market is a live beast that learns and adapts to trader behavior!""" so we are beasts ...haha lol!
check out the terrain - follow never lead
Technical Analysis Fallacy
- #52,761
- Aug 6, 2015 5:42am Aug 6, 2015 5:42am
- Joined Nov 2010 | Status: Just playing follow my leader | 1,545 Posts
- #52,762
- Aug 6, 2015 5:59am Aug 6, 2015 5:59am
- Joined Nov 2010 | Status: Just playing follow my leader | 1,545 Posts
Hi all
I had funny few days recently...... felt like what I am doing is weird as cannot really explain it well and lost confidence.... reminded me when I used parachute and thought- isn't it great how I can be up here in sky so peaceful held up by only a few bits of material..... OMG I am up here with only few bits of material..... soon passed but weird to have same feeling here.... not sure why...... guess trading is just like that.... skill adjust/adapt not rules based so get over it and move on....go with the flow....watch out for them traps else I will get stuck in that swamp.
I had funny few days recently...... felt like what I am doing is weird as cannot really explain it well and lost confidence.... reminded me when I used parachute and thought- isn't it great how I can be up here in sky so peaceful held up by only a few bits of material..... OMG I am up here with only few bits of material..... soon passed but weird to have same feeling here.... not sure why...... guess trading is just like that.... skill adjust/adapt not rules based so get over it and move on....go with the flow....watch out for them traps else I will get stuck in that swamp.
check out the terrain - follow never lead
- #52,763
- Edited 7:26am Aug 6, 2015 7:10am | Edited 7:26am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #52,766
- Aug 7, 2015 8:14am Aug 7, 2015 8:14am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
Have you seen the nonfarm spike today...
???
114 pips in a few minutes, add the brokers spread increase, and it was probably above 150 pips alltogether.
Big Boys get a clean slate for next week, most retailers washed away....so much for all those diligent traders, trailing their stops on the H ,240, and dayly...and following their stochastic religiously.
In the end, itīs only a game for the 1 minute or 5 minute chart...away from news....
Otherwise play the montly with 500 pip stops...guess you need a 300 year life till you reap your benefits...
???114 pips in a few minutes, add the brokers spread increase, and it was probably above 150 pips alltogether.
Big Boys get a clean slate for next week, most retailers washed away....so much for all those diligent traders, trailing their stops on the H ,240, and dayly...and following their stochastic religiously.
In the end, itīs only a game for the 1 minute or 5 minute chart...away from news....
Otherwise play the montly with 500 pip stops...guess you need a 300 year life till you reap your benefits...
- #52,770
- Edited 2:18am Aug 10, 2015 2:00am | Edited 2:18am
- Joined Nov 2010 | Status: Just playing follow my leader | 1,545 Posts
check out the terrain - follow never lead
- #52,771
- Edited 3:27am Aug 10, 2015 2:36am | Edited 3:27am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #52,773
- Aug 10, 2015 3:52am Aug 10, 2015 3:52am
- | Joined Dec 2013 | Status: Trader | 1,062 Posts
THE ALL is MIND; The Universe is Mental
- #52,775
- Edited 4:30am Aug 10, 2015 4:02am | Edited 4:30am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #52,776
- Edited 5:33am Aug 10, 2015 4:34am | Edited 5:33am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #52,778
- Aug 11, 2015 11:08am Aug 11, 2015 11:08am
fti it seems you have to much time in your hands, maybe you should use it to study technical analysis I can tell you from my 23 year experience as a trader, and my bank account numbers, it works! Combined with proper and strict MM of course. It's all about risk-reward ratio on system win expectancy. I can be wrong 72% of the time and still make money. So if technical analysis helps me being right at least 28 % of the time (it does 41 % actually), I can make a killing. Knowledge about Japanese candlesticks combined with technical and fundamental analisys is the key to success.
I can tell you from my 23 year experience as a trader, and my bank account numbers, it works! Combined with proper and strict MM of course. It's all about risk-reward ratio on system win expectancy. I can be wrong 72% of the time and still make money. So if technical analysis helps me being right at least 28 % of the time (it does 41 % actually), I can make a killing. Knowledge about Japanese candlesticks combined with technical and fundamental analisys is the key to success.
- #52,780
- Aug 11, 2015 6:03pm Aug 11, 2015 6:03pm
- Joined Aug 2013 | Status: Going with the flow | 244 Posts
fti it seems you have to much time in your hands, maybe you should use it to study technical analysis
Please take appleboy's advice and read what the thread is about before making such blanket statements.