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Technical Analysis Fallacy

  • #60,121
  • Edited 7:21pm Oct 31, 2019 5:57pm | Edited 7:21pm
Quoting dbrown101
{quote} this would be a good thing to discuss Fti post 59 {quote} unfortunately it seems like it went over peoples heads at the beginning of the thread so not many deep questions went on. Only a few gems here and there in the thread {quote} {image} here is euro daily showing this intermediate move down with red line. Is the market maker maintaining his poise short even through the minor movements (marked in blue) that are moving up? what about this new minor high circled in black ... indicating possible development of a new intermediate movement...
Find what daily trend?
You already trading the trend yesterday.
If you was against trend.
You would not have enough time get back in the coffin before the sun rises.

Ok some mind trsining for you.
If you bought at price 1. Take profit at 3.
Now you see price is 12, you buy take profit at 15.
Now price is 25.
If you buy again at 27.
What is your cost of position.
And do you think you are clever had 4 pips profit.

Me i would probably have 75 profits already.
How do i achieve that?
Already told you peeps. But is very hard show pin up girls to blind people.
Hahahahaha, dang fti arrogance.

But swing a good sharp two way sword the wrong way can cut your throat. Reading the manual won't save you. The finese is in the practise. Only then you learns what not to do.

Some won't even read the manual.
Some like to write the manual and not even owns the sword.

Regards

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For those thinks is 4 pips pls not read anymore. Go straight to woodbridge or school. Borrow my glasses no use. My brain not for rent already. Is 5 pips. Was a trap.
  • #60,122
  • Edited 6:42pm Oct 31, 2019 6:10pm | Edited 6:42pm
Quoting fti
{quote} Find what daily trend? You already trading the trend yesterday. If you was against trend. You would not have enough time get back in the coffin before the sun rises. Ok some mind trsining for you. If you bought at price 1. Take profit at 3. Now you see price is 12, you buy take profit at 15. Now price is 25. If you buy again at 27. What is your cost of position. And do you think you are clever had 4 pips profit. Me i would probably have 75 profits already. How do i achieve that? Already told you peeps. But is very hard show pin up girls...
Quote
Me i would probably have 75 profits already. How do i achieve that? Already told you peeps.

I see what you mean. Thank you, sir

mindset refurbished...like new

I guess to much worry about direction ... not enough managing cost

need to read this over again.....https://www.forexfactory.com/showthr...91#post9093991


but aware of double edged sword
  • #60,123
  • Oct 31, 2019 6:27pm Oct 31, 2019 6:27pm
Woodbridge's new name.
https://www.imh.com.sg/

A rose by any name is still a roast.
  • #60,124
  • Edited 7:17pm Oct 31, 2019 6:43pm | Edited 7:17pm
Quoting dbrown101
{quote} {quote} I see what you mean. Thank you, sir mindset refurbished...like new I guess to much worry about direction ... not enough managing cost need to read this over again.....https://www.forexfactory.com/showthr...91#post9093991 but aware of double edged sword
Position direction at every price level is 50% correct 50% wrong. Over y axis right hand side(time) the odds shifts either in your favour or against your position. Every position you take you lost 4 pips to initiate.
Inability manage the cost of your position in either situations means one is no managing capabilities.
Ya many fortume tellers are in the markets. I used to make coffins for them comfort. One is a very big gun. Had to ask"do i have to kneel? " when absolutely wrong and out of bounds.
Very embarassed to mention name. There lots fortune tellers. Lots more suckers. If no business paint it pink. Suckers will find. I hope she learned her lesson.
But was i am f. (ed)

Regards
  • #60,125
  • Oct 31, 2019 7:17pm Oct 31, 2019 7:17pm
Quoting fti
{quote} Find what daily trend? You already trading the trend yesterday. If you was against trend. You would not have enough time get back in the coffin before the sun rises. Ok some mind trsining for you. If you bought at price 1. Take profit at 3. Now you see price is 12, you buy take profit at 15. Now price is 25. If you buy again at 27. What is your cost of position. And do you think you are clever had 4 pips profit. Me i would probably have 75 profits already. How do i achieve that? Already told you peeps. But is very hard show pin up girls...
Scout at AB played well, 4-5 pips
CD ckecker played well, scout 10-12 pips, checker 4-5.
EF, hourly aligned with daily, Ro3k possibly aligned... attack..30-40 there..

i can't do 75, ....40-45 is good for now.

manual is by heart now. implementation giving new learning everyday. understanding is not complete yet.
regards
grasshopper
  • #60,126
  • Edited 7:40pm Oct 31, 2019 7:26pm | Edited 7:40pm
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  • #60,127
  • Oct 31, 2019 7:30pm Oct 31, 2019 7:30pm
Quoting fti
{quote} Position direction at every price level is 50% correct 50% wrong. Over y axis right hand side(time) the odds shifts either in your favour or against your position. Every position you take you lost 4 pips to initiate. Inability manage the cost of your position in either situations means one is no managing capabilities. Ya many fortume tellers are in the markets. I used to make coffins for them comfort. One is a very big gun. Had to ask"do i have to kneel? " when absolutely wrong and out of bounds. Very embarassed...
FTI, should it be x axis? or i am missing something.
  • #60,128
  • Edited 8:41pm Oct 31, 2019 8:14pm | Edited 8:41pm
Quoting antmindset
{quote} FTI, should it be x axis? or i am missing something.
Hahahaha very sharp.
Fast gun but inability to think by design.
I let you some time to figure it out. Good observation eyes spotted the print. But mind blocked unable understand over, right.

Think, which axis has left and right?
What is function of z axis?

Regards
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  • #60,129
  • Oct 31, 2019 8:17pm Oct 31, 2019 8:17pm
Quoting fti
{quote} Position direction at every price level is 50% correct 50% wrong. Over y axis right hand side(time) the odds shifts either in your favour or against your position. Regards
Thank you sir, I understand now.


so to wrap up lesson with one final question...

Quote
Find what daily trend?
You already trading the trend yesterday.
If you was against trend.
You would not have enough time get back in the coffin before the sun rises.

is it best to just open 5 min with a blank mind and start there? to keep from biases setting in(as smaller pictures make up the"bigger picture", there is no bigger picture thing). and implement skews as the dance unfolds. if in trouble zoom out for strategy or if position is good zoom out for potential ride.

analysis of "bigger picture" creates biased mind.
  • #60,130
  • Oct 31, 2019 8:25pm Oct 31, 2019 8:25pm
Quoting dbrown101
{quote} Thank you sir, I understand now. so to wrap up lesson with one final question... {quote} is it best to just open 5 min with a blank mind and start there? to keep from biases setting in(as smaller pictures make up the"bigger picture", there is no bigger picture thing). and implement skews as the dance unfolds. if in trouble zoom out for strategy or if position is good zoom out for potential ride. analysis of "bigger picture" creates biased mind.


I thought you understood.
Apparently you don't.
When you come on trade console you already have bias. It is not possible have no fundemental or technical bias. BUT you cannot impliment your bias on your blotter. Until she shows you her.....
Anyway With proper skew strategies and envelope boundaries bias cannot take trade precidence.
Is not possible unless you not disciplined.

Regards
  • #60,131
  • Edited 8:52pm Oct 31, 2019 8:38pm | Edited 8:52pm
Quoting fti
{quote} I thought you understood. Apparently you don't. When you come on trade console you already have bias. It is not possible have no fundemental or technical bias. BUT you cannot impliment your bias on your blotter. Until she shows you her..... Anyway With proper skew strategies and envelope boundaries bias cannot take trade precidence. Is not possible unless you not disciplined. Regards
I do understand now. I’m just working out the final kinks in my understanding making sure that I’m not misconstruing things. The way I phrased that last post was wrong. Thank you for the lesson, sir.
  • #60,132
  • Edited 8:57pm Oct 31, 2019 8:38pm | Edited 8:57pm
Quoting fti
{quote} Hahahaha very sharp. Fast gun but inability to think by design. I let you some time to figure it out. Good observation eyes spotted the print. But mind blocked unable understand over, right. Think, which axis has left and right? What is function of z axis? Regards https://youtu.be/ylqPkuCJPBs
Time axis (x) has left and right. Left is before history, right is future, we are at NOW
Price is y axis
so odds will change on Y axis on right side of chart (x axis).

it is clear now.

Z axis : cluster of demand and supply? stop orders. Limit orders. (which retail cant see, order flow?).. this is 100% guess.

x - left right
y - front back ( Z is pointing up)
z - up down (Z is pointing up)

Sidenote: My scout is short $ on Euro pair.

Do we have a name of EUR/USD FTI? as we have Cable
  • #60,133
  • Oct 31, 2019 9:00pm Oct 31, 2019 9:00pm
"Some won't even read the manual"
"Some like to write the manual and not even owns the sword.
That is so me, and still dance like shit.


If I go to battlefield with some arrows for attack, sudden change of wind might change my mind to lit fire the arrow, for fire attack instead of just arrow. But, alas the wind blows just opposite of my front troops. .

Good morning, thank you all for the morning lesson today.

Respects,
Chua
  • #60,134
  • Oct 31, 2019 9:10pm Oct 31, 2019 9:10pm
Namaste, Good Morning all,

I woke up early in the morning, at 5 today.

when i slept, my scout was in trouble..i was waking up every 1 hour just to chk how he is doing. work up early and rescued him.

and it is not real money...lol...i am on Demo. mind is treating it like real..unable to sleep unless everyone home.

This dang FTI has changed whole mindset and opened up few dormant areas of mind which i had no access before.

happiness to all. keep discussing, let us free our self, and later help few who are

Regards,
Ant
  • #60,135
  • Oct 31, 2019 9:13pm Oct 31, 2019 9:13pm
Quoting antmindset
{quote} Time axis (x) has left and right. Left is before history, right is future, we are at NOW Price is y axis so odds will change on Y axis on right side of chart (x axis). it is clear now. Z axis : cluster of demand and supply? stop orders. Limit orders. (which retail cant see, order flow?).. this is 100% guess. x - left right y - front back ( Z is pointing up) z - up down (Z is pointing up) Sidenote: My scout is short $ on Euro pair. Do we have a name of EUR/USD FTI? as we have Cable
Still don't understsnd left right?
Again.

Eeeer USD/DMK.
Euro is the new ostmarks basket of currencies.

REGARDS
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  • #60,136
  • Oct 31, 2019 9:22pm Oct 31, 2019 9:22pm
Quoting fti
{quote} Still don't understsnd left right? Again. Eeeer USD/DMK. Euro is the new ostmarks basket of currencies. REGARDS {image}
oops...it is plane not axis..( y and x ) left and right of now.

Attaching my artwork for your review FTI.
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  • #60,137
  • Oct 31, 2019 9:37pm Oct 31, 2019 9:37pm
Quoting appleboy
i find that if i were to dance in the direction of the impulse, for 5-7 bars average, on the 5m, the spread will eat up most of my profits the price action looks good in retrospect but the bars are drawn (open and closed) by the "bid" price factoring in the spread, i dont get many pips out of the move does anyone have the same issue ?
Brother, read about a post where in FTI discussed structure of OTC market and how price is discovered in OTC. It is de centralized market anyone can quote anythng.. if ill liquid forget 2 pip spread, MM can eat all limit orders.. not able to find the post.

Please search, it will give some pointers in search of answer.

Regards,
Ant
  • #60,138
  • Oct 31, 2019 9:39pm Oct 31, 2019 9:39pm
Quoting antmindset
{quote} oops...it is plane not axis..( y and x ) left and right of now. Attaching my artwork for your review FTI. {image}
Can only find this. Does it help you mind?
https://vibralign.com/other-topics/x-y-z-axis-stand/
Regards
  • #60,139
  • Edited 10:09pm Oct 31, 2019 9:46pm | Edited 10:09pm
Quoting antmindset
{quote} Brother, read about a post where in FTI discussed structure of OTC market and how price is discovered in OTC. It is de centralized market anyone can quote anythng.. if ill liquid forget 2 pip spread, MM can eat all limit orders.. not able to find the post. Please search, it will give some pointers in search of answer. Regards, Ant
Hahahaha.
Now you understand.
Ff is only peeps i know trying to show market without bump quotes.
But because of u leveraged accounts. Sorry you are locked to your brokers mercy.
But is ok for retail, you cannot get a price from interbank with ticket less than 2 million usd per transaction anyway. Probably csnnot even get a trade line because you are not financial institution.
Some banks may make you sexy prices if you are prime customers.

But those who no have capital plays stupid with leverage, just asking for the accident.

Greed knows no bounds.
Accidents have no smell warnings.

Who was it said,. Peeps thinks is a jackpot game when on the chessboard.

Ever tried play poker with a jackpot ante?
Money game.
Try figure out who were those got killed.
Sub prime housing crisis.
Try understand leverage.
Any of you bought 1 billion dollars insurance yet.
Same game.
Margin call and "they're off"

They ask 5%margin and some peeps think they can push the limit. There ain't no free lunches in the world. Terms apply.


Regards
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  • #60,140
  • Oct 31, 2019 9:51pm Oct 31, 2019 9:51pm
the Z axis is position size ?
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