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Technical Analysis Fallacy

  • #13,961
  • Mar 14, 2010 8:12pm Mar 14, 2010 8:12pm
  •  acim
  • | Joined Jan 2010 | Status: I'd rather be stacking :-P | 46 Posts
Quoting auxesis
Acim,

I tend to get very attached to the bias.
My "Ego-r" is too strong .... trying to find a way to send Egor to south pole .... or better Mars ..... right now it feels we are inseparable ... lol
  • #13,962
  • Mar 14, 2010 8:54pm Mar 14, 2010 8:54pm
Quoting acim
My "Ego-r" is too strong .... trying to find a way to send Egor to south pole .... or better Mars ..... right now it feels we are inseparable ... lol
I had the same problem as in "i can not lose" ego.

Try some Mediation helped a lot. Over time it will start to ease.
  • #13,963
  • Mar 14, 2010 9:05pm Mar 14, 2010 9:05pm
Quoting acim
I am wondering does it make sense or not, instead of rescuing our position, we close it and "rescue" it at a next opportunity for entry.
The question is-- How do you know the next opportunity would be cheaper?
The next can be higher or lower than the point you wish to cut.

On the other hand, if you consider next level is an opportunity in the same trend, cutting old positions would be an action that against your best benefit. Of course, this leads to another question-- how much you are willing to risk?
  • #13,964
  • Mar 15, 2010 12:38am Mar 15, 2010 12:38am
Quoting j-pax
hello aiyahmarklah,

i quit trading my modified way, dirived from fti's thread; modified because off my lack of time...
i said this is a system because there are some ridgit rules in fti's teachings.... like switch to higher TF for rescue and many more. that make this MO imposible for many here.

we have to be flexible how we look at the markets/dance but not be flexible about the framework so generously shared by fti.....

many generous people like you "helped" me and others with suggestions and i am thankfull for the effort, but the end...
Hi pax, my own experience about this is that like other "system traders", it is very hard for a student to do as well as the originator, very often only a few are able to make adaptations and still be profitable, however even the purist may only consist of a small percentage that are in the money.

There is a lot of ambiguity here, at the end, every profitable trader is unique.
  • #13,965
  • Mar 15, 2010 4:53am Mar 15, 2010 4:53am
Quoting lilpip

should be an interesting week.
looking at this weeks weekly time frame
3847 eyes extra open
3666
3485

monthly time frame
4722
3987 eyes extra open
3282
areas of extra interest for monday
3831
3702
3601
with a eye on 3785
  • #13,966
  • Edited 12:23pm Mar 15, 2010 4:54am | Edited 12:23pm
Quoting acim
I apologize if this has been asked before or if I am moving away too much from FTI MO/MM, but I would really appreciate input from anyone and of course from FTI if he desires so.

I am wondering does it make sense or not, instead of rescuing our position, we close it and "rescue" it at a next opportunity for entry. In charts attached I have tried to show 2 "scenarios".

The first "scenario" is staying with the scout and rescuing it. In this example it needed about 20 pips for B/E at the second (S3) rescue attempt.

In the second "scenario"...
Hello ,acim.
I've been thinking about more or less the same scenarios. During the last week I had to rescue a lot, so I was thinking of optimizing my strategy. In my rescue attempts I almost shorted the tops, my timing was perfect ( I guess I was lucky) but my mistake was that I didn't get out the scout and the rescue troops, but only the rescue troops. Realizing that mistake I decided that in future I would get out both the rescue and scout when at BE or small profit and then enter a scout at the point I exited, thus if trend continues I don't miss the opportunity, if it continues to go against me I'll have less exposure and the rescue will be easier.

The idea looks nice, but feel free to shatter it to pieces and tell where I'm wrong.

regards
  • #13,967
  • Mar 15, 2010 8:12am Mar 15, 2010 8:12am
scaled back eyes open e/u 3666 area.
  • #13,968
  • Mar 15, 2010 3:54pm Mar 15, 2010 3:54pm
she sure doesnt seem very motivated to head north.
e/u tues. areas of extra interest
3798
3672
3546
with a eye on how 3702 area responds.
  • #13,969
  • Mar 15, 2010 4:03pm Mar 15, 2010 4:03pm
Idaho wants silver, keep the diminishing dollar.

http://www.thestreet.com/story/10703...th-silver.html
  • #13,970
  • Mar 15, 2010 4:17pm Mar 15, 2010 4:17pm
Quoting fti
sentosa and kokthay's genting has little diff. except chip stack is 4x more expensive, Sands may be interesting, Still waiting. Keppel's dining is nice.


regards.
Wow! the SG Sands looks impressive.
I vote Sands..

Note: u/y and crosses offered all day, watching carefully.
Regards.
  • #13,971
  • Mar 15, 2010 7:25pm Mar 15, 2010 7:25pm
Quoting lilpip
Idaho wants silver, keep the diminishing dollar.

http://www.thestreet.com/story/10703...th-silver.html
That's a interesting story, wonder how the Fed feels about it.

Well are we buying Euro for 3850/3900 or bids from 3700/20 for another leg lower?
  • #13,972
  • Mar 16, 2010 1:39am Mar 16, 2010 1:39am
acim and MyTbo, I think this attachment might help....of course do not be rigid...takes some guess work out of your trading, don't just flip or rescue anyhow...

Attached File(s)
File Type: pdf Basic_EW_Pattern_by_Ben.pdf   866 KB | 1,269 downloads
  • #13,973
  • Mar 16, 2010 2:24am Mar 16, 2010 2:24am
levitating man.
Attached Image (click to enlarge)
Click to Enlarge Name: lavitation.jpg Size: 93 KB
  • #13,974
  • Mar 16, 2010 2:34am Mar 16, 2010 2:34am
Inserted Video
  • #13,975
  • Edited 3:37am Mar 16, 2010 2:35am | Edited 3:37am
Only those that see a man standing next to a wet patch may trade and analyse charts.
the rest of you should be in hospitals.
If you not see a man standing next to a wet patch. Your eyes are faulty. Mostly,your brain is gullable and full of superstitions. and you have no ability to focus.
You should never trade or function in jobs that need use the brain, or jobs that require eye and brain coordination. delusional people should never try interpret charts esp chart analysis and technical analysis. This is because you see too much things that are not there. For reflex decisions, you would be in much errs , mostly parallax or mind induced. If you add bad info, the errs will be catastrophic.

regards
  • #13,976
  • Mar 16, 2010 2:50am Mar 16, 2010 2:50am
Quoting fti
Only those that see a man standing next to a wet patch may trade and analyse charts.
the rest of you should be in hospitals.
If you not see a man standing next to a wet patch. Your eyes are none functional. Your brain is gullable and full of superstitions. and you have no ability to focus.
You should never trade or function in jobs that needs use the brains, or jobs that require eye and brain coordination. delusional people should never try interpret charts esp chart analysis and technical analysis. This is because you see too much things that are...
. So i should be in that house...
  • #13,977
  • Edited 8:38am Mar 16, 2010 7:50am | Edited 8:38am
scaling back the g/u eyes open 5186-5217 area.
a/u 9159
  • #13,978
  • Mar 16, 2010 10:25am Mar 16, 2010 10:25am


Inserted Video
  • #13,979
  • Mar 16, 2010 3:29pm Mar 16, 2010 3:29pm
Hi FTI
you think the man of whom she sings?

Regards
  • #13,980
  • Mar 16, 2010 4:39pm Mar 16, 2010 4:39pm
  •  acim
  • | Joined Jan 2010 | Status: I'd rather be stacking :-P | 46 Posts
Quoting fti
Only those that see a man standing next to a wet patch may trade and analyse charts. .................
It looked like there was something "fishy " there ....... lol

Actually, the first thing I looked at was guy's shadow/pond and I said this doesn't look right ......... it's not his shadow ...... so I thought it was a job of a photoshop or some other photo editing software :-)
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