I guess I just hate leaving the money on the table. I Like to start small and get a feel for the PA (it's hard to get it watching from the side lines), if I'm going in the right direction, the PA will tell me after the first swing against me, if it ...

Technical Analysis Fallacy

Hi alexfot, I'm sure Northpro uses them only as tools as you and I would, it was good to point that out though for others who may have missed that point. Hi Northpro, I seem to be having the same trouble as yourself in regards to maximising the ...

Technical Analysis Fallacy

Hi Northpro, That's pretty much how I've been assessing the market too lately, I also use MO/MM in a similar style although I'm still a bit soft on the skew at times although I am getting better. The best thing about that type of set up is that ...

Technical Analysis Fallacy

Thanks for your insights on the current situation Fti, I always learn something new from them. I think I'll sit this one out for a while as I can not nurse my trades at present and I can see that we need to be on our toes at all times...scary stuff ...

Technical Analysis Fallacy

Ahhh, you are seeing it from a different angle than I am, I only have one 'position' in the market, either long or short. It's the position size that flutuates as would the amount of soldiers you put into battle at any given time.

Technical Analysis Fallacy

Ok, I think I understand what your saying. You don't need to put on any specific amount to open the trade (while in boot camp, the smaller the better), the skew is simply a method or formula if you like to calculate what you need to put in to break ...

Technical Analysis Fallacy

Just on this point for the moment, that's going in too heavy I think. You have to look at your account/book as your entire army, you wouldn't send in 3 legions too quickly, you would be more likely to send in a recon squad to test the position then ...

Technical Analysis Fallacy

First I'd like to thank you for the update on Leighsww, good to hear she is ok and looking forward to her return. Thanks Fti, 'boot camp' is the next plan once I settle into the new year with work, next week it's time to go live with a mini/micro ...

Technical Analysis Fallacy

Ahh, sunny Melbourne eh? Thanks for that post, I've been really bogged down of late with my business and getting going for the new year so I'm a bit behind on the AOW exercises but will make an effort to catch up this week.

Technical Analysis Fallacy

I agree too regarding cutting losses, I have to say that by the time it's too late I need to rescue anyway . There are times though where this is necessary though I guess. If you consistently keep taking losses prematurely you will eat away at ...

Technical Analysis Fallacy

Just some thoughts on snow balling in a rescue using skew, I think that as you buy in at percieved turning points for maybe even small retracements, once you have a retracement and the PA is telling you it's stalling again to continue against you, ...

Technical Analysis Fallacy

Hi Raz', just a quick note, Oanda gives you your average position size, cost and pips on the postions tab

Dumb blonde trading...

Another model to ponder -

Technical Analysis Fallacy

Thanks for the last post Fti, indeed I don't think you can be too rigid, it is good to get the feel of what's involved though in calculating your overall position. With my last trade I noticed that as I added units to a loss it averaged down my ...

Technical Analysis Fallacy

I've done a bit of work with the MM and skew, just quickly I came up with these figures. A thing to remember though is that as you add units you are averaging your price down as well so you may be able to be a little more conservative with the added ...

Technical Analysis Fallacy

No prob's, love your work Looking forward to the next installment.

Caution: Math Geek at Work

Hi Zoran, this is an excellent post! I did see it a couple of days ago but had to mull it over a bit before adding my thoughts. I hadn't done the sums yet but I was thinking along similar lines and I too will be interested on fti's thoughts about ...

Technical Analysis Fallacy

I agree, but I think it's more important what you do 'when' you get the signal, if the signal turns out to be false, what are your options? I can think of only 2, either sell at a loss or wait for the next signal and fight for your position. The ...

Caution: Math Geek at Work

Hi Cap', how's it going? I think what twoblink is trying to say is that you would probably be better off putting your excellent math ability to use with profitable MM strategies rather than market prediction/analysis. Even the weather forecasters ...

Caution: Math Geek at Work

Nice post twoblink! I have been trading like that without even realising it, i.e. the entry, while I looked for a better one was only a small part as I had my targets set before entry. Sometimes you win, sometimes you need to re-enter with another ...

Caution: Math Geek at Work