If you want to fail as a trader, study TA

Discussion in 'Psychology' started by The Expert, Apr 27, 2010.

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  1. There were multiple repletions for the things like: BLASH and SHABL, trading is a game of probabilities, low risk high reward and all other generic things.
    I'm not saying there’re not important, because they are.
    There was almost no discussion about how to actually play in the market and once it started I point it out and would like to see some more of these discussions going.

    AND THAT'S THE FUK I'M TALKING ABOUT!!!!

    Keep it up TE!!!!
    :D :D
    amp.


    :
     
    #1291     Jul 12, 2010
  2. Any chance of a bit of decent trading chart on this thread, I thought we were getting somewhere at one point...

    and can we drop all the Alice through the looking glass, mumbo jumbo, cryptic bollix?

    Half of you lot are breakout traders right?

    So how do you avoid getting caught in no man's land in a false break?
     
    #1292     Jul 12, 2010
  3. TA or not, the allowed margin of error while trading is very small.

    You can use the Holy Grail indicator and still lose at the END. The END can be years down the road.

    So?

    1. Be very very very ^ very Disciplined
    or
    2. Hit and run (<a href="http://www.google.com/url?q=http://s0.ilike.com/play%23Ray%2BCharles:Hit%2BThe%2BRoad%2BJack:29142:s2358038.13664812.3087466.1.2.180%252Cstd_5271c9f542c548c0a29389c7a771c239&sa=X&ei=X3A7TImlJ4HksQP9qbHaCg&ved=0CBgQ0wQoADAA&usg=AFQjCNEoU9HdDcxH2txR3cRe1TaVw8-RPQ" target="_new">like this</a>)
    or
    3. Play the Black Swan (a.k.a Loto)

    P.S.


    Adj. 1. disciplined - obeying the rules
    controlled - restrained or managed or kept within certain bounds; "controlled emotions"; "the controlled release of water from reservoirs"
    2. disciplined - trained mentally or physically by instruction or exercise; "the beautiful coordination of his disciplined muscles"; "a disciplined mind"
    trained - shaped or conditioned or disciplined by training; often used as a combining form; "a trained mind"; "trained pigeons"; "well-trained servants"
     
    #1293     Jul 12, 2010
  4. gktk

    gktk

    Good question FA and fakeouts are something i cannot seem to 100% guess correctly.

    I have been keeping an eye on volume as an indicator i.e. a if the breakout is on below average vol. compared to the last few bars then i wait for further confirmation.



     
    #1294     Jul 12, 2010
  5. Hmm yeah, volume is a good indicator in this regard, however, I've predominantly switched over to currencies that have no volume.
     
    #1295     Jul 12, 2010
  6. Blotto

    Blotto

    Of course. Just as soon as you are prepared to provide it. Go on then, we're eagerly awaiting your insight...
    Of course. We will discuss only what you wish to discuss and only in the way you wish to discuss it. This is the best way to progress, as after all if you do not understand it then it must be nonsense and therefore of no value. We are all best served by limiting our discourse to what we already think we know, without reference to anything new which may be challenging to understand.
    Sorry, I misunderstood. I thought you were happy with what you understand and want to restrict discussion to what you already know, and naturally have no further questions.

    Or did you want to pick the brains of your betters while insulting the manner in which they choose to share their hard earned knowledge and experience?

    As for the question you asked: if you cannot answer this then you ought not to be trading at all. Obvious isn't it?

    So do you have anything of value to trade with us, or are you an information beggar?
     
    #1296     Jul 12, 2010
  7. Who the f*** are you? Was I talking to you?!?

    You just ignore my post fella, I very much doubt that you have anything of value to offer other than your poor attitude.
     
    #1297     Jul 12, 2010
  8. BO, that was a very observant post!

    It seems you have some knowledge to share in relation to taking money from others.

    Maybe TE is giving away too much, as a few have already noted, some in private, but, does it really matter, as the retail trader is nothing more but a grain of sand in the red hot desert at midday.

    TE
     
    #1298     Jul 12, 2010
  9. FA, never knock anything until you try it:D

    Your enemy is your best friend:cool:

    The one you like best is the worst, and the one you hate most is the best:eek:

    Funny place this world, or, should I say "funny people":D

    TE
     
    #1299     Jul 12, 2010
  10. Thank You AA, for I needed that lift:D

    I am considering taking on the TA KNOW ALLS, to see what they really know, but as I am very busy, it may drag out a bit:D

    With that, the floor is open to anyone who is An Expert at TA, to put forward a brief overview of TA and how it is best presented to an ordinary person starting out trading.

    Notice TE has mentioned trading, not INVESTING :D

    Not a very hard task, I would say:D

    TE
     
    #1300     Jul 12, 2010
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