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Technical Analysis Fallacy

  • #54,641
  • May 27, 2016 9:19pm May 27, 2016 9:19pm
Quoting fti
you mindset is in very bad shape. whoever told you that you must snowball losses? you seem not understand position scaling, big time. you have need to be right. is an ego problem. is better have need to be consistently profitable. Your agenda is impairing your trading capabilities. your mind is so rigid , that you think the only thing you can do when in a bad position is to snowball positions. There myrid other strategies, but all requires you to be financially well endowed. This is a capitals game. Size matters. regards
Thanks for the advice, I have been wondering if this method is suitable for me. But i still need time to correct this. Hence im keeping this MO's allocation of the portion of the book to the smallest segment for exposure to markets till i can do this well. I think I still need more experience to correct this, and usually its the transition period when market move from range to trend against my positions that really catches me off guard.

As for other strategies, I have found 2 which works well for me, and since they use slightly less effort compared to this so they can be used in conjunction with this.
  • #54,642
  • Edited 9:52pm May 27, 2016 9:26pm | Edited 9:52pm
Quoting CookieMonsta
{quote} Thanks for the advice, I have been wondering if this method is suitable for me. But i still need time to correct this. Hence im keeping this MO's allocation of the portion of the book to the smallest segment for exposure to markets till i can do this well. I think I still need more experience to correct this, and usually its the transition period when market move from range to trend against my positions that really catches me off guard. As for other strategies, I have found 2 which works well for me, and since they use slightly less effort...

oh , ok noted.

but please no try to teach until you had mastered,
When mastered teach it on your own thread.
Good luck.

you are welcomed discuss issues here. you have always been friend.
just no teach yet. You may not realise but what you do(trade mo) is opposite of what i do for survival.
Try read and figure out.

example tip: you make duck, i hunt duck when is nicely assembled.
regards

Is ok in markets we shoot each other, here we are always friends.
Any way you won't find me running around markets any more, i retarded.



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anyway , it not a personal thingy.
i just saying, i didn't say do it like that. please 180 degree.
I not know how to trade safely.
I only knows what to do not gets killed. In my books no risk , no job.
  • #54,643
  • Edited 10:34pm May 27, 2016 9:56pm | Edited 10:34pm
Quoting fti
{quote} oh , ok noted. but please no try to teach until you had mastered, When mastered teach it on your own thread. Good luck. you are welcomed discuss issues here. you have always been friend. just no teach yet. regards
Thanks, the 2 methods are not really something new, but if people are interested, I can show them the thinking process behind it so they understand when the method should not be applied and need to stay out of the markets

If friends want to learn trading, ill direct them here to learn the best method, then let them decide if it really is what they are looking for, because after all, the method of assessing the markets are universal, only the mo is slightly different, mo needs to be suited to the user, but understanding market terrain and environment is usually similar.

you too, my friend

noted, about the risk portion.
  • #54,644
  • May 27, 2016 11:21pm May 27, 2016 11:21pm
Quoting CookieMonsta
{quote} Thanks, the 2 methods are not really something new, but if people are interested, I can show them the thinking process behind it so they understand when the method should not be applied and need to stay out of the markets If friends want to learn trading, ill direct them here to learn the best method, then let them decide if it really is what they are looking for, because after all, the method of assessing the markets are universal, only the mo is slightly different, mo needs to be suited to the user, but understanding market terrain and...
understood.
try write a journal.
There may be many peeps like to explore your findings, undisturbed by me , due to Mo deference.
can post links here for peeps find it.


regards

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  • #54,645
  • May 28, 2016 3:25am May 28, 2016 3:25am
hahahaha yaya,

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regards
  • #54,646
  • May 28, 2016 4:38am May 28, 2016 4:38am
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  • #54,647
  • May 28, 2016 8:09am May 28, 2016 8:09am
Quoting fti
confirms, some peeps no deserves anything. If they try to be pest . Just fumigate em. eeeer what is a bank trader? what is he banging? Time i have but i no spoonfeed anyone. If cannot feed self then just die. I don't encourage spammers. Learn some manners. Some peeps no cultured. {image}
hi,

sorry if i irritated you, but i wanted to learn the most in the shortest period of time, who doesn't?

bank trader: someone who trades for a bank (banking house)


Ruben
  • #54,648
  • Edited 10:07am May 28, 2016 9:07am | Edited 10:07am
Quoting fti
understood. try write a journal. There may be many peeps like to explore your findings, undisturbed by me , due to Mo deference. can post links here for peeps find it. regards https://www.youtube.com/watch?v=X0eD...ature=youtu.be


the news portion is of course not a standalone mo, rather it is meant to observe without position to see how the markets react to the news. because after the news, it usually probes if market is weak or strong, new trend or continuation of trend. part of this can be used to feel markets without scout inside. like on wednesday, if we waited after the news and see market hold the level nicely, we could get in near the 2nd swing after news release and still make almost the entire move. this is taught by jesse livermore, in a bullish market, bearish news might cause a temporary small dip, but reverse very soon, and provides good dips to buy into, while in a bearish market, bullish news makes market react upwards small, and drop soon after. But a strong move up, from a news can imply a change in trend and mindset of market, which is sudden reversal which market did not have time to react to, and its time to close positions and switch sides. just trying to say i don't usually take news trades, but they are important to my sensing of markets.

yes, i do realize that what i do is opposite to what you do for a living, and i also realized that duck hunting itself is as good as broker giving information to me and i can deploy scouts into duck hunts, i find that from the start of my trading journey, i always wondered about duck hunting and how to use it, hence i always enter after duck hunts rather than before duck hunts, that is i waited for duck hunting to begin and the swing back begin a little bit before entering. it was when you showed your hands, then i showed my hands, if you no show your hand, i don't move and simply wait. in a sense im sort of using your hunts to help me time the markets. that is also why the way i trade is slightly slower paced. It's possible to use stop hunts as part of the execution strategy
  • #54,649
  • Edited 9:14pm May 28, 2016 8:52pm | Edited 9:14pm
Quoting CookieMonsta
{quote}
"the news portion is of course not a standalone mo, rather it is meant to observe without position to see how the markets react to the news. because after the news, it usually probes if market is weak or strong, new trend or continuation of trend. part of this can be used to feel markets without scout inside. like on wednesday, if we waited after the news and see market hold the level nicely, we could get in near the 2nd swing after news release and still make almost the entire move. this is taught by jesse livermore, in a bullish market, bearish news might cause a temporary small dip, but reverse very soon, and provides good dips to buy into, while in a bearish market, bullish news makes market react upwards small, and drop soon after. But a strong move up, from a news can imply a change in trend and mindset of market, which is sudden reversal which market did not have time to react to, and its time to close positions and switch sides. just trying to say i don't usually take news trades, but they are important to my sensing of markets. yes, i do realize that what i do is opposite to what you do for a living, and i also realized that duck hunting itself is as good as broker giving information to me and i can deploy scouts into duck hunts, i find that from the start of my trading journey, i always wondered about duck hunting and how to use it, hence i always enter after duck hunts rather than before duck hunts, that is i waited for duck hunting to begin and the swing back begin a little bit before entering. it was when you showed your hands, then i showed my hands, if you no show your hand, i don't move and simply wait. in a sense im sort of using your hunts to help me time the markets. that is also why the way i trade is slightly slower paced. It's possible to use stop hunts as part of the execution strategy"

ass u me?
maybe your brain have more than 2 sides?
market probes is correct.
in bullish markets have bulls.In bearish markets have bears. anything can happen
can imply all sorts. if loss , imply means nothing.

i rest, i wish for you rest your brain and make profits also.
If i take my dick out, it may mean i want to fu k, can also mean i want to pee.

regards

If this Dick is out,he wants to sing.
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  • #54,650
  • Edited 10:36pm May 28, 2016 9:32pm | Edited 10:36pm
This not Dick.
Also wants to sing.
this Ding Dang.

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regards
  • #54,651
  • Edited May 29, 2016 5:05am May 28, 2016 9:42pm | Edited May 29, 2016 5:05am
Quoting ruben7222
{quote} hi, sorry if i irritated you, but i wanted to learn the most in the shortest period of time, who doesn't? bank trader: someone who trades for a bank (banking house) Ruben
ohhh noted.

1Learn speed reading.
read thread.
blow up 10 accounts.

#chorus#then ask again.

Thats fastest way.

2If still not learn , blow up another 10 accounts.
this medium speed.
#chorus#

3slow way?
carry water up and down the hill in 2 buckets for 6 months.
#chorus#

if still cannot release the rigid in your palms, **goto 1**
**else** be master.

I though bank trader is the one who sells the bank.
These normally rank much higher than my x Dealer/treasury head/ceo/ed
They normally have their own cell. We only have large dealing rooms. Have all sorts idiots to deal with.
But is ok we normally have lots very sharp pencils at our disposal. when we train our dealing asst. properly.

Anyway sorry is not a word.
Is an expression.
As a word it has no value.

regards

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There there there, receive 1 stone, suffer whole life.
  • #54,652
  • Edited 3:38am May 29, 2016 1:41am | Edited 3:38am
Quoting fti
{quote} "the news portion is of course not a standalone mo, rather it is meant to observe without position to see how the markets react to the news. because after the news, it usually probes if market is weak or strong, new trend or continuation of trend. part of this can be used to feel markets without scout inside. like on wednesday, if we waited after the news and see market hold the level nicely, we could get in near the 2nd swing after news release and still make almost the entire move. this is taught by jesse livermore, in a bullish market,...
its abit more nuanced than that kind of hard to explain, just that sometimes I get an intuition what market intention is might. And since market swing's up and down, the tactics to enter and exit is based on pullbacks and turning points and vested interest of big boys. thanks, hope u stay healthy and strong too.
  • #54,653
  • May 29, 2016 4:00am May 29, 2016 4:00am
Quoting CookieMonsta
{quote} its abit more nuanced than that kind of hard to explain, just that sometimes I get an intuition what market intention is might. And since market swing's up and down, the tactics to enter and exit is based on pullbacks and turning points and vested interest of big boys. thanks, hope u stay healthy and strong too.
I always think of myself as a market follower not a leader ....... my man needs to give me clues about what is going on else I will stomp on his toes and he might dump me.
check out the terrain - follow never lead
  • #54,654
  • Edited 4:45am May 29, 2016 4:03am | Edited 4:45am
Quoting CookieMonsta
{quote} its abit more nuanced than that kind of hard to explain, just that sometimes I get an intuition what market intention is might. And since market swing's up and down, the tactics to enter and exit is based on pullbacks and turning points and vested interest of big boys. thanks, hope u stay healthy and strong too.
understood.

everyone has one and it stinks.
its what one not pay attention to.
and ability focus on the mover that separate the men from the boys.
Normally the men live very exotic lives, while the boys writes make a living.


Every one can boil water in a can.
The one that can boil water on a leaf. That one is hard to kill.
The skill is trained. is not intuition. AND you cannot learn that from reading a book.

Entrys and exits and timing differs one from another.
the common denominator is the managing. skills in maneuvering within the boundaries and envelops of your portfolio. this the real skills.
If one talks the position, think, do you have time talk when in battle?
you cannot forge tools when in battle.
Is either you know and you have or you don't.

Even with the skills , sometime you can walk into a wall.
Hope?
ok hope you can lick the wounds and stand up again.
not every one who goes down can stand up again.
pray is better than hope.
Pray you never goes down without ability stand up again.


regards
  • #54,655
  • May 29, 2016 5:01am May 29, 2016 5:01am
Quoting alexandria
{quote} I always think of myself as a market follower not a leader ....... my man needs to give me clues about what is going on else I will stomp on his toes and he might dump me.
yep, and sometimes if not sure, aside is a good position.
  • #54,656
  • May 29, 2016 6:43am May 29, 2016 6:43am
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THE ALL is MIND; The Universe is Mental
  • #54,657
  • May 29, 2016 7:10am May 29, 2016 7:10am
Quoting fti
{quote} understood. everyone has one and it stinks. its what one not pay attention to. and ability focus on the mover that separate the men from the boys. Normally the men live very exotic lives, while the boys writes make a living. Every one can boil water in a can. The one that can boil water on a leaf. That one is hard to kill. The skill is trained. is not intuition. AND you cannot learn that from reading a book. Entrys and exits and timing differs one from another. the common denominator is the managing. skills in maneuvering within the boundaries...
agreed, end of the day, it is the skill which allow one to survive the market, so one still needs to trade the market to get it, and train it till it becomes 2nd nature.

i agree that the skill is trained, this will only come with experience from the market.

as for hitting a wall, i can only do my due diligence and not overexposed on each trade, and try to not go down that road, but i will only know if i can stand up after i am tested, but i do my best to stand up.
  • #54,658
  • May 29, 2016 8:45am May 29, 2016 8:45am
Quoting CookieMonsta
{quote} agreed, end of the day, it is the skill which allow one to survive the market, so one still needs to trade the market to get it, and train it till it becomes 2nd nature. i agree that the skill is trained, this will only come with experience from the market. as for hitting a wall, i can only do my due diligence and not overexposed on each trade, and try to not go down that road, but i will only know if i can stand up after i am tested, but i do my best to stand up.
due diligence.
if one goes into battle as much as i do.
one learns to pray.


due diligence. thats the words i heard when they asked for 30 billion bail out.
yes, i think that was the exact words.


regards
  • #54,659
  • May 29, 2016 8:46am May 29, 2016 8:46am
I would like to ask a question if anyone has time to reply - this week I had a strong push north and I got scout in too early in PB so I rescued (but my main impulse still in tact so really got in at better price with 3 rescue men) and still it PB'd some more - should I sacrifice my 3 men and leave 1 scout in - and then put in more men later when I have more confidence it is going my way again or leave the original 3 + scout in so long as main impulse still in tact - I am never sure what is best approach here as some PB's are quite large and deep - after all they could reverse price eventually if continue - in my case the trend kicked in just a lot later.


Regards

Alex.
check out the terrain - follow never lead
  • #54,660
  • Edited 9:47am May 29, 2016 9:01am | Edited 9:47am
Quoting alexandria
I would like to ask a question if anyone has time to reply - this week I had a strong push north and I got scout in too early in PB so I rescued (but my main impulse still in tact so really got in at better price with 3 rescue men) and still it PB'd some more - should I sacrifice my 3 men and leave 1 scout in - and then put in more men later when I have more confidence it is going my way again or leave the original 3 + scout in so long as main impulse still in tact - I am never sure what is best approach here as some PB's are quite large and deep...

lets see if i reading you correctly.
keep in mind that i am not monitoring the markets, so this is just thinking aloud.

you used term PB. pull back?
so your impluse wave is not in over lap situation.
probably in abc pattern.

Your situation is scout and rescue 1 level.

Rules of engagement is when men is commited, Is rescue or flip.
no half pragnant maneuvers.
If you accessed that is no go situation, take pain and cut loss, abandon project.

otherwise

prepare rescue level 2.
regroup scout and rescue 1 as new scout size.

1. allow bleed
impliment rescue 2 when new scout size is in profit situation and wave count is in favourable leg.

2. allow bleed.
impliment rescue 2 + 3 at sclear signs of double bottoming or on passing right shoulder of Head shoulder formation only.
rescue 2+3 means you doing 1 position the regrouped scout size and rescue of that simultaneously. in ratio means 1, 1, 2, 3

contingency.
in eventualities of reversal wave formation , cut lossat best you can as regrouped scout position.
this is also implimented if you loss exceed your 10% account net value threshold.
either or situation , you have to square out. understand?

tenure.

you mentioned this week.
so i assume you overstayed positions already. and is no longer on 5 mins charts.
do not overstay again if rescue is implimented.
iif markets leg stalls. net off the project even at break even or small loss or small profit, whichever suits your new chart tenure.

also do not do rescue if head shounder 's right shoulder exceeds its time window. because 2+3 is a double level rescue.
if time window exceeds then only rescue up 1 level.


regards
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