Francis Dogbe
Francis Dogbe
5 (2)
  • Information
8+ years
experience
2
products
32
demo versions
1
jobs
0
signals
0
subscribers
CEO at CODEJOE
Francis Dogbe
Francis Dogbe
OUTLOOK ON GBPUSD
Tuyen Luu Pham
Tuyen Luu Pham 2014.06.19
The same as my analysis ...
Tuyen Luu Pham
Tuyen Luu Pham 2014.06.19
Basically, I will Buy on dip .... :)
Francis Dogbe
Francis Dogbe
OuTLOOK ON EURUSD
Francis Dogbe
Francis Dogbe
Make the right choices
Matthew Todorovski
Matthew Todorovski 2014.06.19
I have chosen profits, but the consequences of my choice have only resulted in losses. I do not understand.
Francis Dogbe
Francis Dogbe 2014.06.20
Well Matthew, if you choose profit that is good but i do believe you agree with me that it will depend how you go about it. The extra choices and decisions ;-)
Francis Dogbe
Francis Dogbe
"Silence is Golden"... Sometimes :-)
Francis Dogbe
Francis Dogbe
Decision are very important especially deciding where to enter and exit your trades. Good morning and Happy Trading.
Play it safe. :-)
Francis Dogbe
Francis Dogbe
Trust your instincts
cyberglassed
cyberglassed 2014.06.18
that's truth
Best Soccer Video Ever
boonchuai saetang
boonchuai saetang
Comment to topic Traders Joking
Francis Dogbe
Francis Dogbe
Here is a post from Forex Factory by "FTI" :
Technical Analysis Fallacy - First Post: Nov 25, 2007 9:41pm

Apologies
-no mentor, or course, or literature can give anyone the holy grail to the secrets of success in trading in the markets.
-"and no one, sells the goose that lays golden eggs, probably the eggs, but never the goose"
Nevertheless, I will humbly attempt.

Since the late 70's and into the millennium.
Many "engineers" have made public, their inventions of reading probabilities into Technical Indicators. Many Technical Analysis Gurus came to the forefront to sell their research findings. To name a few,
The Grand daddy being Charles Dow and his Dow theory which later lead to the creation of the Dow Jones Indexes.
Rene Descarte who introduced the Spiral studies.
Leonardo Da Vinci who fostered the Fibonacci principles,
W.D. Gann, who introduced Cyclic Studies of Squaring time and price.
R.N.Elliot, who introduced the Elliot Wave Studies
W.Wilders who introduced the mathematics of calculating overbought and oversold markets by his introduction of the DI+,DI-, ADX lines and the Relative Strength Index.
The Stocastics, MACDs, ……………………………...etc

If one was to implement all these studies onto their charts. What you will see is a beautiful piece of art, displaying very impressive hog wash, that do nothing but dazzle the uninitiated. If anything else it 'll confuse you even more.

Then you have the charting specialist who have introduced many ways to chart eg:-Linear Charts, HLC Bar Charts, Japanese candlestick charts, Point & Figuring, John Hill's Bar Chart congestion & reversal patterns, reverse point waves, pivots, fractals, ………..etc

Today, we find lots of originally and mutated techniques and methodologies available to the Chartist or Technicians.

What many fail to realise, is that all these studies, basically are statistical tables plotted in graphic form to present a "picture" to assist traders in their decision process. The maxim being, that a picture tells a thousand words.

"It is not theirs (the charts) to reason why, But to signal Sell or Buy, For the traders to do or die, Hoping that the signal does not lie,

I would, from my many years of studies, go so far as to say, that they all work, some more than others but they all do serve a purpose. (to give traders, the "guts" to do or die)
If I may borrow from the quotes of Sir Winston Churchill.
"That you can lie to some people all the time, all people some of the time, but not to all people, all the time."
Similarly, theses studies can work in some market conditions all the time, all market conditions some of the time, but not all market conditions all of the time."

Think about what I've just quoted very carefully.

The problem with some people and some professional Technical Analyst today ( being a certified Technical Analyst myself ) is that they use the Technical studies as if, it were the "Holy Grail" of trading & their pathway to the millions.

How far that is from the truth.

Any person with a good brain on their shoulders, will ultimate come to the realisation that these are just tools. Tools that are built on historical and lagging databases. Moreover the rigidity of the parameters used in the studies imposes rigid responses to changing market conditions. Have we forgotten that the market is a live beast that learns and adapts to trader behaviours? Many have forgotten that the market is the sum total of the behaviour of the participants engaged in the market place. These tools are used for measuring the markets health, not so unlike the thermometer to a doctor, or the measuring tape to a carpenter, just a tool.

Then how is it possible that these studies themselves can be considered the "Holy Grail"?
It may be due to ignorance (being new and uninitiated), laziness, or just plain stubbornness ( a little knowledge is a dangerous thing). Of course it is not nice for me, to tell you about those who have "a little knowledge", trying to scam those who know less than them. That's another story.
Some do so, because of a very new disease discovered recently, the sickness of "the chance".
If you use the Technical studies as your "Holy Grail", I have only one word for you, GAMBLER.

I put it to you, that, to consider your Technical Studies to be more than what they are is a "fallacy" in trading the markets, not so unlike martingale gamblers' fallacy. It can lead you to a very dark place.

What many traders do not know, or may fail to recognise, is that your success in taming the markets, is comprised of a mix of ingredients. Not so unlike in baking cakes.

I suggest three very important ingredients. One is " Market Structure ", the other is "YOU", then Capitalisation. Of course there are many more components, for the moment these seems of dominant importance, in my humble opinion.

I hope you will think about what I've said very carefully.
I shall try to push these doors ajar for you slowly to show you the light at the end of the tunnel (please hope its no on-coming train), God willing.

regards
Andigho
Andigho 2014.06.14
I think most traders get it, at least somewhere at the back of their minds. What good traders look at is probability - the possibilities of success in a given set of indicators. If there is a high probability, we stick with it till it begins to fail, then we adapt strategies to meet the new behavior. The market is not the only adapting beast; traders have learnt to adapt as quickly as the market does. There is no venture without a degree of risk. It is the contingencies we make for these risks, and the ability to choose a position that offers the lowest risks that makes us successful. As for Holy Grail, man will always search for it. It is in our instincts to keep searching for unknowns, and this is not only in the forex trading world. Aren't scientists still searching for possibilities of life beyond this planet? the search for a Holy Grail in forex trading will not cease, and as for making a successful living out of trading currencies, i beg to say it is not a fairy tale. Pieces of evidence abound everywhere, if we care to ignore our bitterness of having failed and look carefully.

Stay positive, my friends ...
marco henriques
marco henriques 2014.06.14
True, dont exist miracles. Exist discipline, motivation, try to learn from our own mistakes, kilometers on eyelashes as kilometers legs for a marathon. Nothing is certain. Without rationality, the fall is much easier than winning, for those who can win. Good weekend, never give up.
Imtiaz Ahmed
Imtiaz Ahmed 2014.06.14
Good Article Francis Thanx for sharing....
Francis Dogbe
Francis Dogbe
I believe....
Francis Dogbe
Francis Dogbe
This what happens when you wanna be greedy with market. 24 monitors to trade.... this crazy :D
Imtiaz Ahmed
Imtiaz Ahmed 2014.06.11
cool system and crazy too :P
Stefania Conti - New Ethical Trading Ltd.
Stefania Conti 2014.06.11
difference between rote learning and culture :) :)
Francis Dogbe
Francis Dogbe
EURUSD spiked below 1.3590/85 to important weekly support at 1.3535/30. We stated ''A very good chance of a low for the week...This is the best chance bulls have to regain control of the pair...Exit shorts & try longs but we need wide stop below 1.3490.'' This trade worked perfectly as the pair bottomed at 1.3501 & rocketed quickly towards strong resistance at 1.3675/80. This held a move higher almost perfectly as predicted but the outlook remains positive after Thursday's price action & as long as we can hold above the 200 day moving average at 1.3650 we can look for a test of resistance at 1.3690.


GBPUSD hit our target of 1.6835/45 & as predicted we did struggle here seeing a high for the day at exactly 1.645. The outlook is more mixed but further gains are not out of the question & if we can beat Friday's high we could target 1.6875/80.
Tamer Soliman
Tamer Soliman 2014.06.10
Nice analysis Francis , you started to looks more professional ;-)
Francis Dogbe
Francis Dogbe 2014.06.10
10x
Francis Dogbe
Francis Dogbe
Good morning fellow trader, hope you had a wonderful weekend. :-). I wish you all best of the best in this week trades. More profit. Take as much as you can but don't be greedy ;-)....... Happy Trading
sam
sam 2014.06.09
are u watching my failure
Francis Dogbe
Francis Dogbe 2014.06.09
no. "Fail Your Way To Success" means before you succeed you need to first fail and release your mistake. And never to repeat is again. :-)
Imtiaz Ahmed
Imtiaz Ahmed 2014.06.09
fail fail fail fail then win big....
Francis Dogbe
Added poll HEDGING : GOOD OR BAD? Share your Thought
  • 32% (25)
  • 41% (32)
  • 27% (21)
Total voters: 78
Panagiotis Georgalas
Panagiotis Georgalas
Adding digital currencies as a payment method
Digital or crypto currencies become increasingly popular. They offer fast and low cost transactions and are available to anyone without any country specific restrictions. It would be a good idea to add them as an alternative payment system. I think
Francis Dogbe
Francis Dogbe
The market will soon close... make sure you do this... ;)
Before your BROKER....@#$%***. Hope you know what i mean.
Aleksandr Myasin
Aleksandr Myasin 2014.06.06
Actual)
Imtiaz Ahmed
Imtiaz Ahmed 2014.06.06
i know what u mean brother....
Francis Dogbe
Francis Dogbe
Good day every one. All the best
sam
sam 2014.06.05
you too
Imtiaz Ahmed
Imtiaz Ahmed 2014.06.05
2 u 2 francis...
Francis Dogbe
Francis Dogbe
Have you found where you belong..?
Mirko Sedda
Mirko Sedda 2014.06.04
ahaha this is nice!
Francis Dogbe
Francis Dogbe
My broker has done it again.... moving my pending order from this original position. i am getting crazy. i will sue their ass.
mohd firdauz zainal abidin
mohd firdauz zainal abidin 2014.06.04
can you share sir?what broker did you use..thanks..i hope with your sharing people will alert
Matthew Todorovski
Matthew Todorovski 2014.06.05
Yes, please do tell which broker you are referring to. Let us all boycott this broker and make them really go "broker".
i love this..... lol
boonchuai saetang
boonchuai saetang
Comment to topic Traders Joking