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Technical Analysis Fallacy

  • #58,341
  • Apr 9, 2019 1:06pm Apr 9, 2019 1:06pm
thanks dbrown.

can you tell me name od those books? please.

regards

Ant
  • #58,342
  • Apr 9, 2019 1:40pm Apr 9, 2019 1:40pm
Quoting antmindset
thanks dbrown. can you tell me name od those books? please. regards Ant
"technical analysis of stock trends" by edwards/mcgee ---> good place to start
"technical analysis and stock market profits" by richard schabacker----> this is the book edwards and mcgee based theirs off of so theres lots of similar info. but im sure fti read this too...as it mentions "coils" and other terms that Ive heard nowhere else other than this thread.

also
https://www.forexfactory.com/showthr...55#post1834855

Ive perused through the john hill book and its pretty good. I also have a hard copy of his first book thats pretty similar but informative
I just received the "technical analysis explained" by pring in the mail so I havent read that yet.

Paper money by adam smith ---> gives you a good understanding of "the market wheel"
Major works of R.N Elliot----> the study of waves....next on my list to read


theres more mentioned in this thread but this i think was the basics.

again....keep in mind Im still learning too...but after reading some of these books i get more light bulb moments. Going back and reading fti's words have more clarity and meaning. Just my experience. Hope it helps you on your journey
  • #58,343
  • Apr 9, 2019 10:23pm Apr 9, 2019 10:23pm
Quoting dbrown101
{quote} "technical analysis of stock trends" by edwards/mcgee ---> good place to start "technical analysis and stock market profits" by richard schabacker----> this is the book edwards and mcgee based theirs off of so theres lots of similar info. but im sure fti read this too...as it mentions "coils" and other terms that Ive heard nowhere else other than this thread. also https://www.forexfactory.com/showthr...55#post1834855 Ive perused through the john hill book and its pretty good. I also have a hard copy of his first book...
thanks dbrown.

i have and read most of the book u hav mentioned.

such as paper money, major work of Elliot, both research papers by hill, few books on structure of market.

now i am more focused on compound chart patterns.

and honing my dancing skills and mo, mm.

as fti said, no amount of reading will help, unless we can feel and prepare mindset as aow.

i am more into market now everyday just to learn one thing or two at a time which she is teaching me.

happy trading brothers and sisters.

regards

Ant.

Exnav, any comments?
  • #58,344
  • Apr 9, 2019 10:34pm Apr 9, 2019 10:34pm
Hi All,

one more thing i would like to share. i can not hold myself.

other than teaching us trading forex, FTI has tought us something more that is to be a gentleman, a humble person, a good human being.
i don'tknow how many actually read that between the lines.

i am really thankful to him for making me stronger mentally, agile, nimble and humble. and showing the way to survive in materialistic world.

thank yoy FTI for the Gift.
  • #58,345
  • Apr 9, 2019 10:58pm Apr 9, 2019 10:58pm
Quoting antmindset
{quote} thanks dbrown. i have and read most of the book u hav mentioned. such as paper money, major work of Elliot, both research papers by hill, few books on structure of market. now i am more focused on compound chart patterns. and honing my dancing skills and mo, mm. as fti said, no amount of reading will help, unless we can feel and prepare mindset as aow. i am more into market now everyday just to learn one thing or two at a time which she is teaching me. happy trading brothers and sisters. regards Ant. Exnav, any comments?
Then edwards and mcgee is a good place to start....or schabackers book. these are considered "the bibles" of TA

for extended reading Ive found some of Thomas bulkowski's stuff useful. in his books and on this site ---->http://thepatternsite.com/
he even has tests you can take to check your pattern reading skills.
I have not dug too far in to his material yet. Just skimmed around a bit.
  • #58,346
  • Apr 10, 2019 12:36am Apr 10, 2019 12:36am
Quoting antmindset
{quote} thanks dbrown. i have and read most of the book u hav mentioned. such as paper money, major work of Elliot, both research papers by hill, few books on structure of market. now i am more focused on compound chart patterns. and honing my dancing skills and mo, mm. as fti said, no amount of reading will help, unless we can feel and prepare mindset as aow. i am more into market now everyday just to learn one thing or two at a time which she is teaching me. happy trading brothers and sisters. regards Ant. Exnav, any comments?
My Brexiting STOP on TAF

Dear Ant,

As I wrote, you are on the right track. I'm still putting my Likes if see appropriate and not going to post here until it settles down and/ or Fti shows up. I am now on the way to open a kind of my "Trader Journal" as I feel like it's a duty, though.
I will follow posting here (I've read all the TAF posts from the very beginning) and may exchange PMs if required.

All the best,
Exnav

My Brexiting STOP on TAF
Not to Advance is to Fall Back
  • #58,347
  • Apr 10, 2019 1:17am Apr 10, 2019 1:17am
Quoting Exnav
{quote} My Brexiting STOP on TAF Dear Ant, As I wrote, you are on the right track. I'm still putting my Likes if see appropriate and not going to post here until it settles down and/ or Fti shows up. I am now on the way to open a kind of my "Trader Journal" as I feel like it's a duty, though. I will follow posting here (I've read all the TAF posts from the very beginning) and may exchange PMs if required. All the best, Exnav My Brexiting STOP on TAF
Dear ExNav, I am new to the Forum, Can you tell where to find your journal? Much appreciated.
  • #58,348
  • Apr 10, 2019 1:28am Apr 10, 2019 1:28am
Quoting antmindset
{quote} Dear ExNav, I am new to the Forum, Can you tell where to find your journal? Much appreciated.
My Brexiting STOP on TAF

Dear Ant,

I believe you have found it under the title Exnav Friendly Courses of Action.
I will do my best there. If I'm unable, I may tell you where you could find answers to your questions or whom to ask better.

Best regards,
Exnav

My Brexiting STOP on TAF
Not to Advance is to Fall Back
  • #58,349
  • Edited Apr 12, 2019 7:11am Apr 11, 2019 9:07pm | Edited Apr 12, 2019 7:11am
It has been a LONG time since I visited here but my heart has never left. This is the first thread I ever read that I truly believed held the truth. I went in search of many other ways to make it in the forex world. None ever helped. I could never really get my head around Fti"s style of teaching. I later crossed another thread that opened my mind a bit more to understanding what Fti was trying to convey. I soon went back to searching for any system that would make me a steady profit because I still could not grasp exactly what I was being shown. I did however learn something about how the market tends to run in cycles. Then I just stopped trading for a long time. Played with it on occasion just to not forget to come back and try again. I recently stumbled on something online that I believe is exactly what the master was trying to teach without breaking his word. It is free to find online and very new, comes from a surprising source and opened my eyes and mind. I have no affiliation with the source in any way. It does cost $10 to see the uncut versions and they are well worth it in my book. If you halfway understand what Fti was trying to teach,you will love this. I will not post it in the thread out of respect for Fti. If you would like to check it out? PM me and I will give you a link. Once again, I get nothing out of this in any way besides knowing that I paid it forward to my fellow traders that have chosen to follow a great man. Fti.

EDIT : In a response to a PM I received I came to recall that it was Fti's wish for us to help others as we learned. So i have decided to post the link https://traderonthestreet.com/
You get to watch a pro trader in action here. It appears to me that it is exactly as Fti was trying to show us. Hope it helps some of you. Best of luck
  • #58,350
  • Apr 12, 2019 12:01am Apr 12, 2019 12:01am
Hi Tubguy
I am unable to PM you.

This is my first post on this thread. Been a silent lurker here on this amazing thread since early last year. Unfortunately missed FTI's time here on this thread. I hope and pray that he is doing well. I have read almost half of this thread and twice the first 200 pages.
  • #58,351
  • Edited 6:06am Apr 12, 2019 5:56am | Edited 6:06am
Can somebody summerise in one post what this thread is about, if you cannot do it in one post please refrain responding at all. Thank you for your understanding.
trading is simple but is simple is not easy.
  • #58,352
  • Apr 12, 2019 7:12am Apr 12, 2019 7:12am
Quoting allian
Hi Tubguy I am unable to PM you. This is my first post on this thread. Been a silent lurker here on this amazing thread since early last year. Unfortunately missed FTI's time here on this thread. I hope and pray that he is doing well. I have read almost half of this thread and twice the first 200 pages.
Went ahead and posted the link in my original post. Good luck
  • #58,353
  • Apr 12, 2019 7:34am Apr 12, 2019 7:34am
Hi tubguy

Good to see you here again my friend but are you sure this is what FTI would want? He was very against short cuts and people charging for things like this, also it sounds like some others have my view if you have had PM’s with maybe similar concerns, throughout the thread our friend constantly said and referred to the emperor moth story and the damage it does to people, also think of the free time this great man gave in writing us this book to learn his skills, I know you are only trying to help but it seems to me that you have done two things our friend specifically asked us not to do.

Up to you but I personally do not think it is the correct thing to be doing on FTI’s thread, especially as he has said he will not be posting anymore so he cannot give his judgement, even it is wrong you know he keeps to his word so will say nothing, your own thread is certainly the place to post this but not here after all this man has done for us.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #58,354
  • Apr 12, 2019 9:19am Apr 12, 2019 9:19am
Quoting tubguy
It has been a LONG time since I visited here but my heart has never left. This is the first thread I ever read that I truly believed held the truth. I went in search of many other ways to make it in the forex world. None ever helped. I could never really get my head around Fti"s style of teaching. I later crossed another thread that opened my mind a bit more to understanding what Fti was trying to convey. I soon went back to searching for any system that would make me a steady profit because I still could not grasp exactly what I was being shown....

Hey Mike,

selling snake oil ey? let's show respect on this thread bro. fti wants us to help others but not exploit them.

peace.
Success consists of going from failure to failure without loss of enthusiam
  • #58,355
  • Apr 12, 2019 9:20am Apr 12, 2019 9:20am
Quoting phil13
Hi tubguy Good to see you here again my friend but are you sure this is what FTI would want? He was very against short cuts and people charging for things like this, also it sounds like some others have my view if you have had PM’s with maybe similar concerns, throughout the thread our friend constantly said and referred to the emperor moth story and the damage it does to people, also think of the free time this great man gave in writing us this book to learn his skills, I know you are only trying to help but it seems to me that you have done two...
hey phil, you don't need to be so polite if you think it is offensive then tell them straight, please protect and nurture this thread continue helping others.

salute.
eddy
Success consists of going from failure to failure without loss of enthusiam
  • #58,356
  • Apr 12, 2019 9:39am Apr 12, 2019 9:39am
Quoting dongsky
{quote} hey phil, you don't need to be so polite if you think it is offensive then tell them straight, please protect and nurture this thread continue helping others. salute. eddy

Hi Eddy

I tried to be polite because I thought I knew this person and he had just made a mistake so would correct it by deleting that post so doing the humble and honourable thing, I hope he does soon or I will suggest everyone who is upset by this as I am (and I can see there are a few) put in a clean up request as there is a clear link to a ‘commercial agenda’, this will mean he will become a commercial member or banned and I really do not want to see that happen if Mike has just made an error in judgement by posting this.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #58,357
  • Apr 12, 2019 9:47am Apr 12, 2019 9:47am
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Not to Advance is to Fall Back
  • #58,358
  • Apr 12, 2019 3:56pm Apr 12, 2019 3:56pm
Quoting ZenNy
Can somebody summerise in one post what this thread is about, if you cannot do it in one post please refrain responding at all. Thank you for your understanding.
Hi mr. ZenNy...
It seems to be a very hard task to explain this thread in one post. But, I'll try to give a shoot.
This thread is a journey into forex trading, made/launched by one guy who once was a tier1 trader and so to say a "big shoot" in this business. He launched this thread with one purpose - to transfer his knowledge about this business and to teach/coach or lead people on a way to become a better traders and to understand all important aspects and levels which are needed in order to "survive market" and to be a profitable trader.
Thread has a many levels. One of them and very important , is a psychological level of trading. It is not about us and market it is always about "us and us". So we have to know who we are and what we are doing and why we are doing it so - before we hit buy or sell button. O well...seems to be simple, "sell high and buy low"...but behind that lies a lot of struggle and trouble. H2O is a simple thing on this planet...well...when we face am ocean who is "full"of this simple thing which we call H2O, i am not sure that we can be satisfied with possible explanation that an ocean is just a "lot of water".
This thread is all about that, mr. FTI who launched this thread is explaining all this complexity which lies behind our decisions on the market. His analysis are very profound, deep and sometimes very shocking about things we can discover on this journey. Mostly what we can discover about us, about our mistakes and how to avoid them.
Thread is not against technical analysis - but thread owner doesn't like tech.analysis. He think that we have better tools in order to understand market.
This thread is not an easy thing. It is very very very hard work. You can feel it already after a few first pages. If someone want to skip all the hard work and jump right to the final conclusions - well...market will punish us very aggressively.
Mr. FTI never asked to be a compensated for his trading method, he never sold anything to anybody on this thread - only thing he want was to spread knowledge further.
There is no other way mr. ZenNy, you have to read it by yourself, you have to experience this thread on your skin...
After that...I only can say one thing..your trading will be not same any more...

regards
John
  • #58,359
  • Apr 12, 2019 7:31pm Apr 12, 2019 7:31pm
Quoting 7thTorch
{quote} Hi mr. ZenNy... It seems to be a very hard task to explain this thread in one post. But, I'll try to give a shoot. This thread is a journey into forex trading, made/launched by one guy who once was a tier1 trader and so to say a "big shoot" in this business. He launched this thread with one purpose - to transfer his knowledge about this business and to teach/coach or lead people on a way to become a better traders and to understand all important aspects and levels which are needed in order to "survive market" and to be a profitable trader....

hey mate,
you don't owe any explanation to any trolls like this. this guy perhaps blow his account and had MC and would like to disturb people venting his misery.
please suggest to him to get lost and bring his shit somewhere else... but here.


regards
Success consists of going from failure to failure without loss of enthusiam
  • #58,360
  • Apr 12, 2019 7:32pm Apr 12, 2019 7:32pm
Quoting 7thTorch
{quote} Hi mr. ZenNy... It seems to be a very hard task to explain this thread in one post. But, I'll try to give a shoot. This thread is a journey into forex trading, made/launched by one guy who once was a tier1 trader and so to say a "big shoot" in this business. He launched this thread with one purpose - to transfer his knowledge about this business and to teach/coach or lead people on a way to become a better traders and to understand all important aspects and levels which are needed in order to "survive market" and to be a profitable trader....

Hi Seven

Thank you for your clear and articulate post, I think you have encapsulate it perfectly in one post....

Being a pure technical trader I was questioning the title of thread......Now it is clear, the thread it is technical in its purest form but also it is about "oneself", which I totally agree with.

Z
trading is simple but is simple is not easy.
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