Technical Analysis Fallacy

Second question to fti.
I have had infinite, immense, constant battles against others TAF readers about the interpretation of this post of yours...
(I have tons of PMs in my mail box)

#42554 - "Also I never did say no SL on trades. I hope no one misreads or misunderstands. Only no place/use Stop Loss orders."

Would you be so kind and gentle to give some clarification on this issue?
My experience: the major part of your readers don't even know this post exists, Sir.

Thanking you in advance.
Franco


P.S. ... for fti's eyes only (LOL )
Message received: loud and clear,
To be frank, as my name requires...
No doubts about the water. Not even one.
On the beans: I think I got your point, Sir, but I can't agree. And this is (one) of the reasons why behind these 2 questions of mine.

Sorry for all the space I'm taking on your pages... but I have almost finished with my rants.

About Western & Eastern... both in trading and in music!

The scottish Cocteau Twins are one of my preferred bands.
One of my religious points of reference in music.

In 1997 I discovered this amazing Chinese girl collaborating with the delicious Elizabeth Fraser in this piece: "Rilkean Heart".

From that moment on I collected each Faye Wong new album... (Faye Wong also known as: Shirley Wong, Wong Fei, Wang Fei...OMG)
And then many, many years after... I met fti and his music... and a new, second exploration of Chinese/Cantonese music began.

Cocteau Twins and Faye recorded some together and Cocteau wrote for Faye...
and then something happened and they interrupted the collaboration! Unfortunately.

Have a nice day. Trade well. Again: sorry for the invasion. But I'm on mission.

I am liking your writing way.....Nice...small but deep....right peep will get it, beginner will fight it.

Sir... thank you!
> "right peep will get it"... this is what I hope. (and I believe in!!!)
> "beginner will fight it"... yep... and I don't care a straw about it.

Just the bitter taste of the incommunicability!
And the pain about all the swear words and vulgarity I received.

But these "ignorant/arrogant" can damage other good beginners and willing students... and that is the problem.

Q.E.D.

"Once there was a wise old man and a smart little boy. The boy was driven by a single desire – to expose the wise old man as a fool. The smart boy had a plan. He had captured a small and very fragile bird in the forest. With the bird cupped in his hands, the boy’s scheme was to approach the old man and ask him, “Old man, what do I have in my hands?” to which the wise old man would reply, “You have a bird, my son.”
Then the boy would ask, “Old man, is the bird alive or is it dead?” If the old man replied that the bird was dead, the smart boy would open his hands and allow the bird to fly off back into the forest. But if the old man replied that the bird was alive, the smart boy would crush the bird inside his cupped hands, and crush it, and crush it, until at last the bird dies. Then the boy would open his hands and say, “See, old man, the bird is dead!”
And so as the story goes, the smart boy went to the old man and he said, as planned, “Old man, what do I have in my hands?”
The old man replied, “You have a bird, my son.”
“Old man”, the boy than said, his voice dripping with disdain, “is the bird alive or is it dead?”
Whereupon the old man looked at the boy with his kindly old eyes and replied,“the answer is in your hands, my son.”

Source: https://philipchircop.wordpress.com/...in-your-hands/

And below will be just an extract from a story (1 chapter of 5 total). Source: http://www.abctales.com/story/baker-...d-man-mountain

"Chapter 4.
Twenty summers passed as the man labored in the village below, while the wise old man sat on the mountain and handed out advice.
In those twenty years the man started a small business, which rapidly grew into a large one. He became one of the wealthiest men in the village and was greatly admired by his fellows. Yet, one day he sat down and realized that all his wealth did not make him truly happy, that there was something amiss in his life, and that he would have to go up to the mountain one last time to see the old man, if he was still there, to get advice regarding his own old day, which had arrived at
last.
He left the village supported by a cane, and started the slow and laborious journey up the steep slope of the mountain. As he climbed up
the steep mountain side among the grassy banks, between the stones, he had to stop several times to rest, as his old body was not as full of energy as it had been in the early days.
He climbed higher, and higher among the grass and the flowers, up the mountain. Until at last he could see the grove of pine trees, where the
old man sat, ahead in the distance. He crossed the last stretch in hurry, traveling as fast as his old legs and his cane would carry him, for he was eager to hear the wise man's last words of advice to himself.
When he arrived in the clearing he saw that the old man of the mountain was now the ancient man of the mountain, as he had grown old over the
years as well, even with the aid of the high altitude and fresh mountain air. He hailed the ancient wise man hello.
"Hello ancient one" he said, "do you still remember me?"
"Well I remember you, young one." Said the wise man, and added "Although I see you're not that young yourself anymore."
"This is true." Said he, and then asked about the business he had come for "Wise one, I have done as you had said that I should, I have worked hard these last twenty years, and have amassed a small fortune. Yet now, in my old day, happiness seems to elude me, even though I was fairly content up to now. What should I then do to regain my happiness in my old age?"
"You say that you did as I advised and collected a handsome retirement?" asked the ancient one.
"I did." Replied the man.
"Is your wealth safely deposited in a bank?" asked the old man.
"Yes." The man replied.
"Do you have a bankcard?" asked the ancient one.
"I do." Said the man.
"If you want to be truly happy," said the ancient one "you must hand me over your bankcard and pin number."
The old man had never been wrong before regarding the man's happiness, so he gladly handed over his bankcard, and gave the wise man his pin
number. (Which was 42431).
"The second step in regaining your happiness" said the ancient one "is that we must exchange our garments."
Again the old man did not see the sense in arguing with the ancient one; after all, he had never been wrong before. The ancient one dressed in his expensive suit, and he put on the long white robe with the hood.
"Now finally, in order for you to be happy, you must spend your remaining days here, as I have these many years past, and you must give advice to all who come and seek it from you." Said the ancient one.
"And what will you do?" ask the man.
"I will go and live out my remaining few days on your wealth, but don't fret, I will send up some
supplies with the next young man that comes
to seek your advice." He replied and then said. "And when he comes, you can prepare him for his old day, and yours. So long."
Then the ancient one took up the cane and ambled slowly down the steep incline of the mountain for the first time in many years, looking forward to a pleasant demise. He disappeared among the tall green grass as he climbed along the deer path down the steep incline.
Behind him in the pine grove, the old man had already taken in his position on the stone throne, and was surveying his surroundings. Yes it was beautiful up here and the air was fresh. He was the king of all he surveyed, and more importantly, he was the wise one to whom all came for help and guidance. Yes, he was feeling happy already, the ancient one had not lied. He had never lied in all the years that the old man knew him.
He would be as happy as the ancient one had been, at being the old man of the mountain, and he would depart his great wisdom with the same grace."

And this is finally an unauthentic translation of the end of another story on the wise old man giving advice to three young disciples:

"When a person has a lot, he dreams of even more. If he abruptly loses the ability to walk, see or hear, he will not dream of money or love, he will only wish for healing. I'm an old man, my life ends. Like those blind or deaf, I dream that I have lost, about time.
I need it in order to have time to correct mistakes, ask for forgiveness from those whom I hurt, and learn many more life lessons.
On this I say goodbye to you, because I taught you everything I know myself. And the rest of you will be taught by time, it was also my teacher. It will give you experience and knowledge, and only the one who will walk through life with open eyes and heart will comprehend true wisdom."

Med reanalysis will be out next month.
I not sure if blood samples taken or i donated blood.
Hahahaha matbe my brain is lacking blood already.

Regards

Ok back to chewing my friends.
Have patience.
I tend to fall asleep when reading.
Will reply once i understand what i am reading.

Regards

Hahaha.
Rescue boats slready shelfed.
You are lucky they invented the helicopter already.
Now they are trying invent the ultralite hrlecopter.
They are tired keep rescuing you.
"dang, fly youself out."
Eeeer but we will boat rescue you dog.

Hahahahaha

Regards


Eeer can i have more comfortable seat please.dang, thats a plastic chair.
Mosquito?? Swat swat.

Anyway, the story is for helping foolishly sturbone people. Why are you so sturborn. 3 times befor bailout?
Remember wave3 elliot count.

abc on c jump. You best retracement possibility.
So many on one noticed.

I always assumed that turning on the wind was bailing out of your out-of-the-money positions and entering the other way, when you're caught in a strong wind against you. I did it yesterday by coincidence, with a short Cable position. It's incredibly difficult from a psychological perspective because you need to go in big the other way and if your timing is out and the wind starts to retrace, you need to have the strength to stick to your guns so to speak. That's my interpretation anyway. It's a manoeuvre I use as sparingly as possible because you can end up in a very bad place if you get it wrong.

"Turn on wind"
Means they are dead in the waters akeeady.
Cut the dang loss. And plan establish new trades, IF chart shows yiu are not too late in the directional waves. Otherwise lick your arse wounds and fight another day. When you are ready and have calculated your residue capital capacity.

Regads

Your scout base position starts where you screwed out. Some trader may not have the capital capacity already to continue.

If you next trade blows. Best you go holiday spend whats left of you money than send others enjoy the holiday.

Screw me once........ Screw me twice... .. Trice....fucx die? Wave 3 still book negetive, you are dead wrong. Very DEAD.

REGROUP, ON A NEW BOOK. new affordable cap and new you hopefully. And pray alot.

Maybe I've been doing it wrong all this time as my new base is a rescue progression (loosely) calculated on the size of the position I just bailed out of.

Your book got mangled in a rescue mo.
You already in aggressive mode rescue. Then balls shrink meh. What type balls of steel is that?
You should be trying swift attack skirmish recover capital if wave goes wave 5 and regroup hide in safety. While patting yoursrlf in the back.
If in thailand get a good back massage.


Regards

But if you book already at end of rope and no capacity. Don't do suicide. Go koh sa mui instead and chill out.

For recover capacity.
Match against WW recovery % table that was given.
If you book damage is exceed 50% cap, then you is in sucide Zone. Foollish to press.

I didn't get mangled, I got lucky, but I certainly won't rely on that happening again. I'll reassess my turning on the wind MM and MO, thank you.



I turned somewhere around the first arrow and added to my position somewhere around the second arrow, then the big Green candle came to my rescue. Apologies for my messy arrows.

Edit: Looking back at the PA, I should have been out of my short positions with a good profit well before this happened...I lost focus.

Thanks.
We begin to clean the blackboard ... deleting some misunderstanding and misconception, here.

That is what I always thought, asserted and practiced. (This morning, as well! )

Sir... you can't imagine the debates and the discussions... (and the insults I received)
Thanks, again.