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Technical Analysis Fallacy

  • #53,061
  • Sep 15, 2015 6:15am Sep 15, 2015 6:15am
Quoting Jacque
anyone played starcraft before? the latest starcraft cinematics is amazing! https://www.youtube.com/watch?v=M_XwzBMTJaM
hi Jacque, you a gamers too?
we don't predict, we only ride
  • #53,062
  • Sep 15, 2015 6:21am Sep 15, 2015 6:21am
Quoting fti
{quote} So sorry , now i living at foot hill of a mountain. Not in Sg, worked in sg. Please excuse my handicap not allow me entertain any guest. Even family also have difficulty spend time with. So sorry. What you need is already on thread. You just need work very hard get the experience understand and internalise. Is not difficult, only need lots perseverance and dedication , mostly to self. regards
thanks master, for your explanation. i honour and appreciate. Its your privacy and rule.
we don't predict, we only ride
  • #53,063
  • Sep 15, 2015 6:23am Sep 15, 2015 6:23am
Quoting cakrajaya
{quote} hi Jacque, you a gamers too?
hi cakrajya, yes, once upon a time lol
THE ALL is MIND; The Universe is Mental
  • #53,064
  • Sep 15, 2015 7:26am Sep 15, 2015 7:26am
Quoting phil13
{quote}
Hi pannet1
posting live trades and explanations is hard work due to the multiple entries, posting trades that are not live is of no use as people will cherry pick the best only, practising your own talent is what will help you the most.
I think still its fine.
Quoting phil13
{quote}
there is no one brighter than anyone else we are all just at different points in our own learning curve and developement of our own personal trading strategies.
saying you doubt what people say/do here will not make anyone try to prove to you what they do, those that can have nothing to prove to anyone and just try to give a little friendly help when asked for everyone to discuss and benefit from.
everyone needs to be true to themselves. Many talk about only their wins and comfortably forget their loss. So whatever they post win or loss will help, IMHO.
Quoting phil13
{quote}
if you have managed to get to a point of survival and come out alive as you say then you must be doing something right so try developing on that and concentrating your own efforts into researching how you can make yourself a better trader, as fti says it has all been given in the thread already, do not think about copying think about developing your own strategy that is in tune with you and the way you see things.
Thanks phil. You speak your mind eloberately. Wish I could think and write clearly like you.
Quoting phil13
{quote}
to me it sounds like you know what needs to be done but you are reluctant to commit to doing it without a crutch/safety net, maybe re-read the emperor moth story.
regards
Phil.
I understand. Will get over it soon. Can you point me to the emperor moth story. I just could not recollect the essence of the story.
  • #53,065
  • Sep 15, 2015 7:34am Sep 15, 2015 7:34am
Quoting pannet1
{quote} I think still its fine. {quote} everyone needs to be true to themselves. Many talk about only their wins and comfortably forget their loss. So whatever they post win or loss will help, IMHO. {quote} Thanks phil. You speak your mind eloberately. Wish I could think and write clearly like you. {quote} I understand. Will get over it soon. Can you point me to the emperor moth story. I just could not recollect the essence of the story.

are there not enough trades already posted on this thread? stop asking us to do your homework.

give a man a fish a day and he lives a day.
teach a man to fish, and he lives forever.

we can be kind to you. we can spoon feed you. in the end you live a day. if you have done your due work, i would be kind to give you what you ask for. but i dont see that so i fear that my kindness will destroy your ability to learn, cultivate mind and self. i have been thru there so i am sharing with you my experience. i am still learning everyday, be it trading or non trading, self is the greatest enemy. just imagine how you easily gotten angry at things, then what can you do in your mind not to get angry for that once, then for twice and consistently?

you want the emperor month story, start doing your homework.
THE ALL is MIND; The Universe is Mental
  • #53,066
  • Sep 15, 2015 7:38am Sep 15, 2015 7:38am
Quoting Jacque
{quote} are there not enough trades already posted on this thread? stop asking us to do your homework.
OK Jacque. As you say.


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Latest Dance.
  • #53,067
  • Edited 8:35am Sep 15, 2015 7:56am | Edited 8:35am
Quoting pannet1
{quote} OK Jacque. As you say. {image} Latest Dance.

why you not practicing first in first out on your position netting management?

btw, i am not sure what you meant by "As you say" and post a chart with it.

but i am sure i did say to ask you do your homework.

for you, let me share my trading session today with you.

day chart: mkt in retrace mode after two wave down from sharp spike possbility turning into congestion mode if retrace have no follow thru to upside. looking for a base to spring off following the lethargy shown by the prev day. volatility toning down, may not make as much money if mm is mild. look to strengthen mm but with a non riding essence.

hourly chart: mkt starting to congest after retrace run. congestion formation and unable to rally. desc triangle neckline formed is bearish.

5min dance: 2 small scout deployed in area A before retail fig release cushion by prior day P&L of 90 pips for each scout. chasing mode activated due to rally failed and px dropped although usd retail not fantastic.

Area C - no follow thru, bull impulse bar appeared from bottom, potential intermaidate bottom, in defense mode due to 20% of capital deployed. Capital set up to have 40% attack and 60% defense at 10x leverage. position avg excluding cushion is at front line.

Area B - lost opportunity to deploy more troops in battle. position is fine, px unable rally.

Area D - profit taking for cushion so as to release prior day p&l cushion buffer.

was not a fantastic dance. could do better with more focus and less distractions and a calm mind.

good luck.

abt the moving avg, i dont consciously use them. i dont see them when i am dancing, i see the lines when i want to.
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THE ALL is MIND; The Universe is Mental
  • #53,068
  • Sep 15, 2015 8:16am Sep 15, 2015 8:16am
Quoting Jacque
{quote}why you not practicing first in first out on your position netting management?
You mean the scout has to be taken out first. Can you explain this, please.
Quoting Jacque
{quote}
btw, i am not sure what you meant by "As you say" and post a chart with it.
They are separate things. Sorry if it looked connected. My bad.
Attached Image

Another problem, points are positive but foreign capital negative (for the year). This could mean I am losing on bigger lots and winning on smaller lots.
  • #53,069
  • Sep 16, 2015 4:28am Sep 16, 2015 4:28am
Quoting Jacque
{quote} i still remember the time when i played 1vs1 with my fren via the 56k dial up modem. those goooood old days. look at how much the game have since evolved..
haha, ikr, the good old days where each control group were 12 units.

to tell u the truth, starcraft 2 sort of made me realized how i should be trading, you are always reacting to how the opponent throws moves at you and you scout them then when the probabilities are in your favour, you go for the jugular, the situation is always changing, and you have to flow with the battle, sticking to the basic principles and playing a good solid way with proper foundation is the genuine way to improve. i started at the bottom and climbed my way up 1 by 1, and that taught me the value of perseverence to get good at a skill.
  • #53,070
  • Sep 16, 2015 4:39am Sep 16, 2015 4:39am
Quoting pannet1
{quote} You mean the scout has to be taken out first. Can you explain this, please. {quote} They are separate things. Sorry if it looked connected. My bad. {image} Another problem, points are positive but foreign capital negative (for the year). This could mean I am losing on bigger lots and winning on smaller lots.
hi, just abit of an advice to you, what jacque meant was that you did a hedged position, you long a pair, then open a short on that pair, and have 2 open positions, but in truth you are squared. im not sure how your broker treats your positions, but if it is treated as 2 open positions, you are bleeding from the 2 position's carry or rollover tom, if u carry the position for 1 year, on max 50x leverage, your account would significantly have ended up with lesser money. if you sum up the rollover tom for each pair per day, you will notice the value for long and for short add up to negative, which is charging you money for carrying 2 positions for a certain amount of time.
  • #53,071
  • Sep 16, 2015 8:48am Sep 16, 2015 8:48am
Quoting CookieMonsta
{quote} hi, just abit of an advice to you, what jacque meant was that you did a hedged position, you long a pair, then open a short on that pair, and have 2 open positions, but in truth you are squared. im not sure how your broker treats your positions, but if it is treated as 2 open positions, you are bleeding from the 2 position's carry or rollover tom, if u carry the position for 1 year, on max 50x leverage, your account would significantly have ended up with lesser money. if you sum up the rollover tom for each pair per day, you will notice...
hi CookieMonsta,

broker treats both as 2 open positions, so i suffer +ve and -ve swap on both the orders. Usually the nett swap is negative. i carried overnight position for a period of 15 days at one point in time. never allow it be more than one or two days now. thank you all for the concern and invaluable help and insights.
  • #53,072
  • Sep 16, 2015 8:51am Sep 16, 2015 8:51am
Quoting Jacque
{quote} why you not practicing first in first out on your position netting management? btw, i am not sure what you meant by "As you say" and post a chart with it. but i am sure i did say to ask you do your homework. for you, let me share my trading session today with you. day chart: mkt in retrace mode after two wave down from sharp spike possbility turning into congestion mode if retrace have no follow thru to upside. looking for a base to spring off following the lethargy shown by the prev day. volatility toning down, may not make as much money...
Jacque thank you. love your charts. sorry for making you take this much effort for me. a picture is worth 1000 words. thanks for the picture and words. am indebted to you guys.
  • #53,073
  • Edited 11:58am Sep 17, 2015 11:23am | Edited 11:58am
Quoting pannet1
{quote} hi CookieMonsta, broker treats both as 2 open positions, so i suffer +ve and -ve swap on both the orders. Usually the nett swap is negative. i carried overnight position for a period of 15 days at one point in time. never allow it be more than one or two days now. thank you all for the concern and invaluable help and insights.
crazy fellows.
you forget there is rates haircut on both the positions?
no P only haircut fees. hahahahaha
what a crazy world.


now this is talented. incredible 19 year old lass.

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regards
  • #53,074
  • Sep 17, 2015 3:00pm Sep 17, 2015 3:00pm
reminds me of some traders.

gets same when see some blotters.

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  • #53,075
  • Sep 18, 2015 8:06am Sep 18, 2015 8:06am
This is what happen to my trading....

1. Sell 1 lot, then went upward to -1600.
2. End of day. It started a correction a little bit so I sell 1 lot and go to sleep

I apply 3 golden rule of preservation of the capital and rescue sequence
And MM by not too aggresive as my pocket is limited.

3. In the morning, I caught both to be positive, making +1600 and +160. So remembering my target is to avoid loss in rescue so I closed both for profit. Then in an hour, it rebounded and could have made my +160 to negative.

Here I applied old man in a flood. I took the first help I can get. Or a turtle and scorpion principle as I don't let greed take over and change my rescue target into attack target in the middle of the trade.

D trend. Another way of looking at it is you look for direction in D and timing in M5.

Rudy
  • #53,076
  • Sep 18, 2015 12:06pm Sep 18, 2015 12:06pm
sitting here eating moon and listening to ths.
moon cake la is mid autumn already.

cha cha cha please , wah sooooo sweet.

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regards
  • #53,077
  • Sep 18, 2015 12:09pm Sep 18, 2015 12:09pm
oooops busy eating forgot to

regards
  • #53,078
  • Sep 18, 2015 12:21pm Sep 18, 2015 12:21pm
wah lovely.

encore.

regards
  • #53,079
  • Sep 18, 2015 12:51pm Sep 18, 2015 12:51pm
can any one give me free download link for ""beyond technical analysis" book 2nd edition please
MA provides the market's current direction and strength.
  • #53,080
  • Sep 19, 2015 12:35pm Sep 19, 2015 12:35pm
Quoting fti
Ok so much about the big picture. Now back to reality. Those who trade retail, you are really only little ants. And i tell you, be little ants and trade for your bread. you want carry mindset of giants then you must have resources like the gaints. Otherwise you are disillusioned. Last thing you want to do is have resource like ants and behave like giants. Thats easy way get killed. because you not know yourself. Your super systems and predictions? Question is , do you have the resources last the battle? regards
always remember this
we don't predict, we only ride
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Ferrym