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Technical Analysis Fallacy

  • #53,261
  • Dec 9, 2015 8:56am Dec 9, 2015 8:56am
Quoting CookieMonsta
{quote} Hi Alex, no worries, theres 2 money management strategy which i was trying to point out, first one is the mm fti showed, a intra trade mm, but he is a dealer, what he mentioned was that he has a per day loss limit, this means that if some unforeseen mishap occurs, he can have someone refill the money back because the banks provide him with at risk capital to trade with, for retail traders, i doubt thats the case. So in order to emulate such a situation, we need to have a per day loss limit like fti's case as well, so maybe for per day, 1%...
... but small wave born higher wave ... and loss 1% per day is rigid mind ... no loss per day is great 😊
  • #53,262
  • Dec 9, 2015 6:38pm Dec 9, 2015 6:38pm
Quoting alexandria
{quote} I totally get what you are saying.... very clear re %.
  • #53,263
  • Dec 9, 2015 6:40pm Dec 9, 2015 6:40pm
Quoting Gro
{quote} ... but small wave born higher wave ... and loss 1% per day is rigid mind ... no loss per day is great 😊
Yep, sometimes, when u turn from rescue mode into attack mode, and unlock attacks above level 4, but I think, sometimes, it depends on how much time you can allocate to managing a trade too, and might be forced to take a loss
  • #53,264
  • Dec 10, 2015 6:35am Dec 10, 2015 6:35am
Quoting CookieMonsta
{quote} Yep, sometimes, when u turn from rescue mode into attack mode, and unlock attacks above level 4, but I think, sometimes, it depends on how much time you can allocate to managing a trade too, and might be forced to take a loss

rescue mod or attack mod = every time money management!!!no exist time for trading but exist zero tolerances for loss!!!if you mind setting for loss = thats your way ...
  • #53,265
  • Dec 10, 2015 6:39am Dec 10, 2015 6:39am
Quoting Gro
{quote} rescue mod or attack mod = every time money management!!!no exist time for trading but exist zero tolerances for loss!!!if you mind setting for loss = thats your way ...
... but I understand in this thread must be carefully 😊
  • #53,266
  • Dec 10, 2015 10:38am Dec 10, 2015 10:38am
Quoting Gro
{quote} ... but I understand in this thread must be carefully 😊

GRO TMI 4 thm

aka

GRO Too Much Information for them

V
  • #53,267
  • Dec 10, 2015 1:28pm Dec 10, 2015 1:28pm
Quoting indianguyinny24
{quote} GRO TMI 4 thm aka GRO Too Much Information for them V
Hi man nice see you 🙋What this GRO TMI 4 thm?!?
  • #53,268
  • Dec 10, 2015 1:39pm Dec 10, 2015 1:39pm
Quoting Gro
{quote} Hi man nice see you 🙋What this GRO TMI 4 thm?!?
I now understand 😂😂😂
  • #53,269
  • Dec 10, 2015 4:51pm Dec 10, 2015 4:51pm
Quoting Jacque
this already posted on thread previously. first we need walk in steps, once is mastered, we dance The New Footprints Now imagine you and the Lord Jesus are walking along the beach together. For much of the way the Lord's footprints go along steadily, consistently, rarely varying in the pace. But your prints are in a disorganized stream of zig zags, starts, stops, turnarounds, circles, departures, and returns. For much of the way it seems to go like this. But gradually, your footprints come in line with the Lord's, soon paralleling His consistently....
hail yes (indonesia, mantapsssss)
we don't predict, we only ride
  • #53,270
  • Dec 10, 2015 8:13pm Dec 10, 2015 8:13pm
Quoting Gro
{quote} rescue mod or attack mod = every time money management!!!no exist time for trading but exist zero tolerances for loss!!!if you mind setting for loss = thats your way ...
True, but the difference is the leverage used, a simple 1 1 2 attack or 1 scout 1 rescue 2 attack and I will have maxed out my leverage at 50x, fti is not using leverage at all, hence the implication of the volatility read is totally different, and the management mo for employing leverage needs to be altered and adjusted for use with leverage. That i would say is the primary difference my mm and the mm shown here, mine is adjusted for trading using leverage
  • #53,271
  • Dec 11, 2015 7:29am Dec 11, 2015 7:29am
Quoting CookieMonsta
{quote} True, but the difference is the leverage used, a simple 1 1 2 attack or 1 scout 1 rescue 2 attack and I will have maxed out my leverage at 50x, fti is not using leverage at all, hence the implication of the volatility read is totally different, and the management mo for employing leverage needs to be altered and adjusted for use with leverage. That i would say is the primary difference my mm and the mm shown here, mine is adjusted for trading using leverage
I accept indianguinny24 words ...
  • #53,272
  • Dec 11, 2015 8:59pm Dec 11, 2015 8:59pm
Quoting Gro
{quote} I accept indianguinny24 words ...
lets just say, there are many ways to trade the markets, its all down to a preference as well and the situation you are in and your constraints, u could even employ the mo taught here together with a long straddle/strangle and dance the markets and always be long volatility, knowing that market crashes against you will make you even richer, you don't even have to consider 0% loss, all you are considering is how to capitalise the markets better, if you go back and read the post which fti mentioned about the delta hedging he does for the banks, he mentioned that it is impossible to lose money for the banks because they are so well hedged, for retail traders, if you have the time and capital to manage it, this approach is pretty powerful, which implies that using options and spot to dance the market can be very useful in managing exposure, across larger lengths of time, while being exposed to market crashes for large sums of profits, and because of that, you can employ leverage by adjusting your deltas and premium paid rather easily, but all these need capital and a larger account, which i do not have, until then, ill be sticking to my current mo.
  • #53,273
  • Dec 11, 2015 9:42pm Dec 11, 2015 9:42pm
Dear fti, we are approaching the holiday season and I wanted to pass along a Merry Christmas and Happy New Year to you and everyone who posts here. Hope you are well and getting your fair share of the forex each day! God bless you and take care. Here's to another year!
  • #53,274
  • Dec 13, 2015 3:34am Dec 13, 2015 3:34am
Quoting Gro
{quote} I accept indianguinny24 words ...

Generally i don't accept my words too
  • #53,275
  • Dec 14, 2015 6:05am Dec 14, 2015 6:05am
Quoting Gro
{quote} ... but small wave born higher wave ... and loss 1% per day is rigid mind ... no loss per day is great 😊
Thanks for reminder for anyone reading thread... did not take it that 1% loss is acceptable - .........manage the book is my game and I hate loss for my book.......

Thanks again.... needed saying.
check out the terrain - follow never lead
  • #53,276
  • Dec 14, 2015 6:10am Dec 14, 2015 6:10am
ky book what is it?
  • #53,277
  • Dec 14, 2015 6:15am Dec 14, 2015 6:15am
Quoting GEfx
Dear fti, we are approaching the holiday season and I wanted to pass along a Merry Christmas and Happy New Year to you and everyone who posts here. Hope you are well and getting your fair share of the forex each day! God bless you and take care. Here's to another year!
Thank you - I am sure all here wish the same to you and all - for whichever season is important to them -and with special mention to and prayers for FTI.

Still here so onwards to better times....let em roll.

Alex
check out the terrain - follow never lead
  • #53,278
  • Dec 14, 2015 8:26am Dec 14, 2015 8:26am
Quoting Gro
{quote} I accept indianguinny24 words ...
theres also 2 more ways to rescue the book which, which is to flip the position and turn on wind (my preference), and also another way is to employ re-averaging with the triangular arbitrage relation of 2 currency with a same currency symbol in between and their resultant cross, and that pretty much means you have to simultaneously dance 3 markets at the same time, there are just many many ways to rescue exposure, the only thing that might help you decide what to use really is whats your preference and experience with the particular method and whats are the constraints you have to work within. and for some pairs, if there is a positive carry, you can even employ cash and carry's interest arbitrage to let the carry reduce your losses, although it will take time, or you can do it through winging your position into a butterfly and manage it through options.

all im saying is, there are many many ways to rescue a book's exposure, it all depends on how far you want to bring it, what resources are available for you to employ, and the experience and how comfortable are you with applying the method.
  • #53,279
  • Dec 14, 2015 10:43pm Dec 14, 2015 10:43pm
Hi FTI & TAF universe,

Seasons greetings! Hope you all been well and enjoying the turkey and ham I know I am.

Cheers!
Ray
Fall in love with the process, and the outcome takes care of itself.
  • #53,280
  • Dec 14, 2015 10:56pm Dec 14, 2015 10:56pm
Merry Christmas and Happy New Year
don't predict direction, but dance with flow of water
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