Welcome back, FTI! It's great to see the thread getting some posts again
Cheers!
Cheers!
The Ultimate Fallacy in Technical Analysis 99 replies
"Technical Analysis Fallacy" thread people, I need your help 54 replies
Technical Analysis Fallacy Redux 23 replies
Statistical analysis fallacy 33 replies
DislikedI thought I'd take a peek at this thread, and I saw this:
After seeing this I'm not sure I'm motivated to read the other 40+ pages, but I do hope you've since corrected yourself.Ignored
DislikedHi ALL,
@ Zoran,
In respond to post 235
I hope you are clear about that GBP/JPY is actually a spot GBP/USD cross with the spot USD/JPY. There exist no such spot market in the interbank. Its is a cross of two Majors.
If still unclear read #233 again and see if you can understand. In Leighsww accurate words, a cross pair.
Cross pairs (thanks to Leighsww) are normally very dormant, but when they tear, its very wild and swift. OK, we leave that, at that. Just wanted to tell you about the pairs Nature.
----Ignored
Dislikedfti, thanks for starting this positive thread for learning and all those who put the effort to keep it that way.
One of the things that really give me hope is the education to trade without the indicators and tools. You see ,because of the economic down turn construction stopped and so did the income. So, for some reason I believe this is how I will support the family.( I guess I seen the potential of forex when I did a stupid thing and gave a man by the name of Blake Prater and a couple others 90% of my life savings because they can give me great returns)btw Blakes doing 11 years in Conneticut. So, with 10% left,even though it is very difficult once I develope a method or "the art of trading" I believe it is going to be alot easier and I believe from what has been discussed briefly on this thread, if it were to continue a year from now any noob could develop into a responsible trader, and I will be one of them.
For the past year I've been looking at posts, charts I don't think I'm smart enough to use tools, etc. but I'm smart enough to learn how to dance naked and this instruction is the missing lesson thats needed.
I managed to lose half of the 10% but 5%% is left and the good news is I"ve reached a level where I'm not losing or gaining, I hope to be able to get to the next level. I look forward to future posts, in the meantime I'm going to reread the existing ones as my mind is not a sponge more like a strainer I have to read something more than once to get the sense of it.
May we all have a good year.Ignored
Disliked*********************************************
Hello fti,
I have come across this thread lately and after reading the above post I I'd like to as you a question. Does it mean that GBP/JPY is a totally artificial pair and only available at the retail level? That would explain the high spreads by the way (retail brokers must love the G/J traders). But what I really want to now is if any kind of analysis (esepecially TA) related to GBP/JPY in isolation makes any sense at all, since it is a result of a multiplication of the cable and theyen (GBP/USD X USD/JPY = GBP/JPY).
P.S.
What is the case with EUR/JPY? Is it available in the spot interbank market?Ignored
DislikedI wish you the best, but from what I can judge you should stop spending your money on the things you do not understand. Why don't open a demo account, to be (at least) sure that you know what you are doing. Or go to the previous Jacko's thread and day by day look how he was trading and what market really was doing at the time. You'd get a broader picture... now you sound desperate as a child "I believe you daddy and I do whatever you say" - this is a good thread, but not the one that comes from God or to preach about. Don't you have any obligations to your family?
Stop whatever you are doing with the money left, and learn about the market you are dealing with, then trade the bread of your children (or even better - never do it).
My best wishes for 2008!Ignored
DislikedI wish you the best, but from what I can judge you should stop spending your money on the things you do not understand. Why don't open a demo account, to be (at least) sure that you know what you are doing. Or go to the previous Jacko's thread and day by day look how he was trading and what market really was doing at the time. You'd get a broader picture... now you sound desperate as a child "I believe you daddy and I do whatever you say" - this is a good thread, but not the one that comes from God or to preach about. Don't you have any obligations to your family?
Stop whatever you are doing with the money left, and learn about the market you are dealing with, then trade the bread of your children (or even better - never do it).
My best wishes for 2008!Ignored
DislikedI agree, fti thread isn't one to learn forex as a method of earning monthly income. (at least not yet that I can see) to me it's more of a realization of how markets work and the psychological toughness required to be successful in forex.
lilpip (this is just my opinion) you should read all of the following......James16, feb2865, Jacko, and Skunny threads.Ignored
DislikedHi ALL,
I'll continue with answering as many questions raised here during my vacation,
and follow up on the Su Zi education, since Leighsww has not covered that section of training and then into the MM & sp,,,, if suits.
regardsIgnored
DislikedActually, I assume that every trade I entered is wrong until proven correct by the market hence I always trade defensively with lots of babysitting (monitoring).Ignored
DislikedWhy not trade the currencies futures since you have done that before with the bank? Are you worried about the slippage?Ignored
DislikedHi Fti,
You mentioned that market makers move markets for various reasons such as stops sweeping....etc
From your experience or knowledge, what is the largest move in pips that is artificially created by them?
When is the period of lowest liquidity which makes it extremely easy for them to do it?
Is it true that liquidity tends to dry up during the Summer as well as in Dec - (think you have explained the Dec one before) ?
regards,Ignored
DislikedDear Zoran, MickD and Syres,
Thank you for keep this thread alive before fti continues teaching.
As for loss rescue, fti suggests two methods:
1. If the position was desirable, then more capital will have to be put at risk
and a rescue of the badly timed position must be effected.
2. If any mitigating factors, disallows for such to be effected, the trader should
bite the bullet, and put the position out of its misery,
until it may be advantages to reinstate.
No other subjective thoughts must enter to his mind to hamper the managing of the position.
(Please see post#179)
So snowballing is only one alternative.
I will cut loss if I am trading against the daily trend AND the hope of retracement to rescue some loss impossible. Because that trade is not a wrong timing, it is wrong direction! In such case, snowballing loss can potentiallly become loss-averaging, which is a bad speculation practice.
Just my 2 pips.
DavidIgnored