Thanks Leon, now all I need to do is stick to what I write I have been experimenting with PA as you know and I am finding it a more natural way to trade really, it's hard work but then again, what isn't? Patience is probably another very ...

On my way, LLorenzo journal

To be honest I probably would have been out on the 3rd candle after the black one you pointed out (it gave me more 'confirmation' if you like and I still wanted a little room), I missed it as I was posting the previous chart. I would have even ...

Technical Analysis Fallacy

best of luck! Just remember to keep the charts naked and stay clear of 'shiney objects' cheers, Mick.

On my way, LLorenzo journal

Here's a couple of shots that gives an idea on how I would play price action to preserve capital. I actually posted them in the TA fallacy thread also but put them here to remind me of what my strategies are all about - ie. small losses, big winners ...

MickD's 'Common Sense' journal.

And...

Technical Analysis Fallacy

This isn't looking good!

Technical Analysis Fallacy

Zoran, position sizing is definitely one part but my take on that chart is to not let your losses get to big (cut them short - quick!). For instance, the chart below, the capture was taken just a minute or so ago shows where I hopped on the bear ...

Technical Analysis Fallacy

Yes, of course, that too

Technical Analysis Fallacy

Yes Leigh, I agree, we all take something different away from these proverbs/stories but I think in the end, my interpretation of what fti is trying to teach us is not to concern ourselves with too much, just the job at hand and to not rely on other ...

Technical Analysis Fallacy

Will do, thanks for jogging my brain yet again. Looking forward to the next stories thanks.

Technical Analysis Fallacy

Been a bit quiet with trading of late as I've been busy and also reading TAOW and trying to relate the meaning of the chapters to trading, the way I see it at least. I've also starting using the Oanda demo so I've been playing around more than ...

MickD's 'Common Sense' journal.

Just love these fables fti, they encourage philosophy in the way they are written, it's a bit of a lost art in writing these days I think. Anyway, my take on this is when confronted with a decision, weigh up the pro's and con's (risk/reward), in ...

Technical Analysis Fallacy

Don't be sorry at all, this is a discussion and we need to analyze everything being said if we want to understand . Your point is quite valid, perhaps as the general you can be aware of the surroundings, such as the weather, but that doesn't ...

Technical Analysis Fallacy

I have been thinking about this myself the last few days, for myself at least the strategy is to be like 'the general', sit back and watch the battle, inspect the troops regularly looking for early signs of strength and weakness for entry/exit, when ...

Technical Analysis Fallacy

After yesterdays more or less success I will be rethinking the strategy a bit, I will still be using the same MM strategy but my trade selection and direction will be based purely on 'current' price action. After reading fti's enlightening Tecnical ...

MickD's 'Common Sense' journal.

Todays trades: Yep, I'm only trading small as I'm concentrating on price action only and I'm just counting pips for and against, the profit is in us$ but I think it works out to about 150+ pips for the day which is pretty good seeing it's off hours ...

MickD's 'Common Sense' journal.

>>Aren't we all analysts then? I'd say yes but there are more than one type of analyst, one who trades using charts to provide their entry and trading strategy before they enter the trade for the whole trade, they then enter and sit and watch in ...

Technical Analysis Fallacy

Ahh, ok, this makes more sense now...couldn't see the trees for the woods thanks Pips_Cruiser.

Technical Analysis Fallacy

Love the pairs charts Cap', good work! Ahhh...the puzzle continues

Caution: Math Geek at Work

Great, and you're welcome to chime in whenever you like, every bit helps . Trading update: Well, while waiting for my major move that I have put to bed for now I've been playing the 5m with pretty good success today. I went short after the close ...

MickD's 'Common Sense' journal.