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Technical Analysis Fallacy

  • #60,221
  • Nov 4, 2019 12:55pm Nov 4, 2019 12:55pm
Quoting fti
{quote} ??? Eeer who is this? How is AB wave 1? By what criteria is AB wave 1. What conditions did AB satisfied to be labled wave 1. Is this read on idiot wave count or elliot wave count? Forage on wrong count eat grass. ASS U ME makes an ass of u and me. Regards
I was laughing till i am down rolling on carpet.... it's like a baby hidden in u grandpa....

lol

love you,
grasshopper
  • #60,222
  • Nov 4, 2019 11:30pm Nov 4, 2019 11:30pm
Quoting Jacque
{quote} Hi, KISS the concept is that once you open a positions, the passage of time will determine whether you have profits or loss. profits = odds in ur favor, either take profits or use as foreign cap for attack. loss = odds not in ur favor, either initiate rescue MO or cut loss.
Thanks Jacque, yup , what you have pointed out i have understood...
  • #60,223
  • Edited 5:54am Nov 5, 2019 5:04am | Edited 5:54am
Scout is yawning. He said need to sleep.

PS: I completed first read of Paper Money.

Regards,
Ant
  • #60,224
  • Nov 5, 2019 6:10am Nov 5, 2019 6:10am
Quoting fti
whatever is given, is given. whatever is not given, will not be given. what one know , one knows. what one not knows one guess? oh lunch at 12? no i lunch at 11. and i won't tell you why. if you know, its fine. if you don't......eeeer what has it got to do with me? regards
Once a Dealer, always a Dealer
  • #60,225
  • Edited 3:05pm Nov 5, 2019 2:47pm | Edited 3:05pm
Quoting antmindset
{quote} Once a Dealer, always a Dealer
https://www.facebook.com/48238798526...7920756047993/

Is difficult for honest person be dishonest. Very difficult.

https://www.facebook.com/jiayou0/vid...0576156715750/
Attached Image (click to enlarge)
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  • #60,226
  • Nov 5, 2019 3:20pm Nov 5, 2019 3:20pm
Quoting antmindset
{quote} Once a Dealer, always a Dealer
https://www.facebook.com/10426774758...7719873388003/
  • #60,227
  • Nov 5, 2019 11:10pm Nov 5, 2019 11:10pm
Good Morning All,

Storytime:

Long ago… a bird lived in the desert, very sick, no feathers, nothing to eat or drink, and no shelter to live. It kept on cursing its life day and night.
One day an Angel was crossing from that desert. The bird stopped the Angel and inquired ” where are you going?”
Angel replied ” I am going to meet God”.
So bird asked “please ask God when my suffering will come to an end?”
Angel said “sure, I will and bid a good bye to bird.

The Angel reached God’s place and shared the message of bird to Him. Angel told Him how pathetic the condition of bird is and inquired when the suffering of the bird will going to end?
God replied “for the next seven life times, the bird has to suffer like this, no happiness till then”.
The Angel said “when the bird hears this, he will get disheartened. Could You suggest any solution for this?”.
God replied “tell him to recite this mantra. Thank you God for everything”.

Angel met the bird again and delivered the message of God. After seven days the Angel was passing from the same path again and saw that bird was very happy, feathers grew up on his body, a small plant grew up in the desert area, a small pond of water was also there, the bird was singing and dancing cheerfully. Angel was astonished how it happened!

God had told that for seven life times there is no happiness for the bird. With this question in mind he went to visit God. Angel asked his query to which God replied “yes, it was true there was no happiness for the bird for seven life times, but it changed because the bird was reciting the mantra ‘Thank you God for everything’ in every situation.
When bird fell down on the hot sand,
it said thank you God for everything...
When it could not fly,
it said thank you God for everything…
So, whatever the situation may be, the bird kept on repeating Thank you God for everything and therefore the seven life times karma got dissolved in seven days.
  • #60,228
  • Edited 4:44am Nov 6, 2019 3:34am | Edited 4:44am
Quoting fti
{quote} Just for you deeper understanding of mindset. Generally, your TA read could be borderline 60%correct mostly. Where you will take profits prematurely 100%of the time. If you study and observe well, your odds may improve. But your book survival and profitability is not depends on your accuracy and luck. It depends on your skill. Regards
FTI, i can now understand what you mean by this. After following live market for 30 days and closing most in positive.

Others, how are things.
  • #60,229
  • Nov 6, 2019 1:26pm Nov 6, 2019 1:26pm
Quoting antmindset
Good Morning All, Storytime: Long ago… a bird lived in the desert, very sick, no feathers, nothing to eat or drink, and no shelter to live. It kept on cursing its life day and night. One day an Angel was crossing from that desert. The bird stopped the Angel and inquired ” where are you going?” Angel replied ” I am going to meet God”. So bird asked “please ask God when my suffering will come to an end?” Angel said “sure, I will and bid a good bye to bird. The Angel reached God’s place and shared the message of bird to Him. Angel told Him how pathetic...
I do not encourage shortcuts.
Mantra or no mantra.
Easy develop greed if they think have shortcut.
BIG SCORPION.
Walk before learn run.
Education is important.
But education & knowledge without experience is nothing.

Regards.
  • #60,230
  • Nov 6, 2019 8:43pm Nov 6, 2019 8:43pm
thank you FTI.

i wish, i can also understand hidden meaning of such stories and dissect the truth from propoganda.

Much to learn. Thanks to you learning to walk.
  • #60,231
  • Nov 7, 2019 4:41am Nov 7, 2019 4:41am
All,

Lost my ant hill today in single day. ant work of 20 days now in the drain + 2% capital loss.

My learning from todays trade:
1. Over size scout
2. Deployed another scout after 1-2 hours (Essentially i was doing loss averaging, bad)
3. Over sizes rescue
4. Long battle with exhausted mind
5. After sometime i flipped with big position base ( much bigger than book can handle)
6. Again deployed rescue and stayed there for long
7. flipping between charts, timeframes to prove my position right
8. Completely lost feel, but still dancing
9. trying to get back my initial loss, made me do stupid things and lost whole hill

so many lesson today, battle was happening in my mind. i am sitting and thinking and working towards improving.

saying is one thing, reading is other but doing it ........

Before today i was positive in 18 out of 19 trade days
20th day scorpion bitten me in all directions

Sorry to report this. but that is the truth.

Regards,
Ant
  • #60,232
  • Nov 7, 2019 5:06am Nov 7, 2019 5:06am
Hi antminset

Keep practicing, it will come to you in time, loss is part of war my friend, we have all been there and have to deal with these things.

Good luck with your continuing journey.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #60,233
  • Nov 7, 2019 5:13am Nov 7, 2019 5:13am
Quoting antmindset
All, Lost my ant hill today in single day. ant work of 20 days now in the drain + 2% capital loss. My learning from todays trade: 1. Over size scout 2. Deployed another scout after 1-2 hours (Essentially i was doing loss averaging, bad) 3. Over sizes rescue 4. Long battle with exhausted mind 5. After sometime i flipped with big position base ( much bigger than book can handle) 6. Again deployed rescue and stayed there for long 7. flipping between charts, timeframes to prove my position right 8. Completely lost feel, but still dancing 9. trying to...
Congrats brother,
Make as many mistakes as possible..Only through that we can learn.
Conciously, we know what we should do before we went into the market, but the moment we dive into it. Mostly, our subconcious mind take control... (Greed, fear, etc).
That is very normal I think, that is human. To change or subdue this subconcious aspect of mind is very hard. Some people must learn the hard way, like me. I even got position for weeks long, averaging loss, hedging loss, hedging profit . To the one point, I know how the chart looks like, just by looking at my positions figure.. No need candlestick .

Watch the mind, talk to it, listen to it, take one step back to listen carefully, when in the market... It talks .

Cheers bro.. You are good,
  • #60,234
  • Edited 5:43am Nov 7, 2019 5:22am | Edited 5:43am
thanks Brothers.

Thats why, I am doing the Demo so as to make as many mistakes as possible.

I am Engineer it took 4 years to study and when i start working it entirely different animal to implement learning. It took 4 yrs + 4 yrs of Job exp to make a decent living out of it. thats 8 yrs.

I am not expecting to live FTI MO in 9 months ( 6 month study + 3 month Demo now). It is taking its own time. I am in no rush.

When someone is leaning this survival Skill, mistakes are bound to happen and i am open to it, little more understanding with each passing day.

Next time i will be more careful as i know now, what position skews i can play with safely.

Just saved my Head from short sharp sword. Need to understand it better, just started using it.

Once experience syncs in, FTI teachings convert from reading to understanding. Now i understand what he meant by saying "if managed badly this sword can take head off"

Happy Learning.

Regards,
Ant - A student of FTI
  • #60,235
  • Nov 7, 2019 9:20am Nov 7, 2019 9:20am
Quoting antmindset
All, Lost my ant hill today in single day. ant work of 20 days now in the drain + 2% capital loss. My learning from todays trade: 1. Over size scout 2. Deployed another scout after 1-2 hours (Essentially i was doing loss averaging, bad) 3. Over sizes rescue 4. Long battle with exhausted mind 5. After sometime i flipped with big position base ( much bigger than book can handle) 6. Again deployed rescue and stayed there for long 7. flipping between charts, timeframes to prove my position right 8. Completely lost feel, but still dancing 9. trying to...
I read your post and thought I'd share some perspective on your situation. I don't mean to offend or step on toes.

Fti is a professional trader. He is the real deal and the whole package. And he has shared his expertise here in this most outstanding thread. As a new trader, you can't hope to know what he knows or trade like he trades. That is why he always encourages everyone to slow down and learn, then practice, then learn some more. It is a much longer process than you think. It is up to you to take the information he has provided and piece together a workable trading system.

I am a baseball fan so my sports analogy will use baseball. A professional baseball player must have skills in batting, situational base running, fielding (there are 9 fielding positions in baseball), and situational defense. A professional is proficient in all 4 areas. Within each skill set, there are critical skills that you must have to be a professional player. For example, in batting, you must know how to see and hit a 4 seam fastball, a 2 seam fastball, a cutter, a splitter, a change-up, a curve ball, a sinker, and the slider. As a batter, you not only need to know what these pitches look like, you need to know when you are likely to see them thrown at you, how to hit them within the 4 quadrants of the strike zone, and how to defend the plate when you fall behind in the pitch count. As a pro, you have to know all of this, and be able to perform all of these skills every day. The other three skill sets are equally detailed and extremely difficult to master.

Today, even though you are in a demo account, you tried to play a professional's game. IMHO, You might be over matched and might want to slow down your learning. Perhaps focus on how to hit the 4 seam fastball (which is coming in straight and at 95 to 98 MPH, either from the right or the left), and only focus on that for a while. And work on one aspect of situational base running, one aspect of fielding and one aspect of situational defense. Don't try to do everything all at once. Specialize. Piece together your trading approach and your trading style. Make that work for you. You will never be able to do everything Fti is capable of doing, but you will be able to do your thing really well. And that is a fitting tribute to Fti's efforts here.

You are making a lot of mistakes, too many for anyone to list, let alone try to help you fix. Try to narrow the things you are asking Fti to correct.
  • #60,236
  • Nov 7, 2019 1:05pm Nov 7, 2019 1:05pm
Hi GEfx,

just a question. why you use stoploss in your trading mo

regards
ant
  • #60,237
  • Edited 3:23pm Nov 7, 2019 1:32pm | Edited 3:23pm
Some days God makes mosquitoes.
Sometimes God make ANGEL. God bless the 天使.

https://www.facebook.com/21036490628...6523457005146/

Ooops mosquitoes on catwalk.
Walking the cat?
https://m.facebook.com/story.php?sto...05465860004245

Inserted Video


https://www.facebook.com/10000546882...sn=mo&d=n&vh=e
  • #60,238
  • Edited 2:29pm Nov 7, 2019 2:13pm | Edited 2:29pm
Quoting antmindset
All, Lost my ant hill today in single day. ant work of 20 days now in the drain + 2% capital loss. My learning from todays trade: 1. Over size scout 2. Deployed another scout after 1-2 hours (Essentially i was doing loss averaging, bad) 3. Over sizes rescue 4. Long battle with exhausted mind 5. After sometime i flipped with big position base ( much bigger than book can handle) 6. Again deployed rescue and stayed there for long 7. flipping between charts, timeframes to prove my position right 8. Completely lost feel, but still dancing 9. trying to...

Now real lesson begins.

First take a nice hot shower.
If was me i stay in tubevfir 2 hours.
Easier to think. No say anything to anyone. Just think. It will come to you how to handle it if happens again, you should be ready.
You broke rule 1, 2 and 3.
Review your mind. Thoughts.
Find scorpions.
Check the maths.

Gefx Already gave you much to think.
Think how you could had save book.
You already understand much.

Understand trend and your blotter dance.
Try revusit yiur mindset when the nlade was cutting.

Thank heaven &, clever you demo get learn.
You complained no able to attack.
But you not even have skills defend book yet.
Learn well grasshopper.

Why does peeps attack when they at loss?
Survived many rescues.
Cannot live on rescues alone cannot
Attack is part of the strategy you didn't master.
Is same as attack on loss.
Only diff is attack make bread.

You will discover, take lots more balls attack when at profit.
When at loss, rescue.
But uts same
Oneday you will understand.
She will teach you.

Try different scout sizes. You will get the emotional responses from you scorpions.

They are not all the same. Different folks different strokes.


Regards
  • #60,239
  • Edited 3:26pm Nov 7, 2019 2:31pm | Edited 3:26pm
Quoting antmindset
thank you FTI. i wish, i can also understand hidden meaning of such stories and dissect the truth from propoganda. Much to learn. Thanks to you learning to walk.
Your wish came true.
Becareful what you wish.

The power of the mind.
Regards

Hahahahahahahahahaha
https://www.facebook.com/11016815034...4514322242835/
  • #60,240
  • Edited 4:49pm Nov 7, 2019 4:37pm | Edited 4:49pm
Quoting antmindset
1. Over size scout
2. Deployed another scout after 1-2 hours (Essentially i was doing loss averaging, bad)
3. Over sizes rescue
4. Long battle with exhausted mind
5. After sometime i flipped with big position base ( much bigger than book can handle)
6. Again deployed rescue and stayed there for long
7. flipping between charts, timeframes to prove my position right
8. Completely lost feel, but still dancing
9. trying to get back my initial loss, made me do stupid things and lost whole hill
somethings, i did. not sure what FTI will say. but particularly have to thank phil, alex and even some heavenly planets, though they cursed me. not teaching because i am still a student. may be i failed and am studying in the same class as you.

1) & 3) 1. Over size scout
first, i divided my capital into attack and rescue plans, making it as close as the expected capital of the real account. it is beyond me to decide the attack and rescue depending on the minute by minute development of x,y & z. so the scout is always 1x and alone, meaning there will wont be any second scout to help. you could have as many scouts as you want, but for me the attack and rescue plans are rigid.
2) Loss Averaging
had been there. in a demo account we soon forget our borders beyond which we have to show white flag to the enemy. so rescue has 3 sequence for me 1,3, 8 (actually it should have been 9 or 10). the problem is we cannot afford to do the same mistake in real account. so take loss when the full rescue sequence is complete and still cannot turn around (i.e. we crossed the borders of the terrain).
4) long battles because more troops (or) many deployments in the sequence
5) if the rescue sequence is rigid then changing the direction does not matter (in terms of trade time or mindset). just remember when we flip this is same as taking the loss in the on going trade so I some times wish if i had considered +1, +3, -5 instead of +1,+3,-8
6) winning/losing big positions on demo account only gives a false sense of happiness/sorrow ... I should have asked the question will i be able to do the same thing in the real account.
7) all positions are right in their favorable time compression, thats why setting the borders are important. But i am only reflecting on the past now, crossed it several times. not good for the books of real account. like they say in movies, always know your exits first (atleast when it goes wrong)
8) Completely lost feel this one is the funniest*** mistake i did .. if i dont feel .. then whats the point of whole exercise. even more dangerous is to trade live with the same mindset.
9) trying to get back my initial loss this is what we do during rescues but its very fast and short ... not every time .. the clue is in her peaks and valleys .. as the pattern develops .. we should be able to decide ... even before reaching the border. i must admit that i always ensured that i complete my rescue sequence fully before actually showing the white flag. that scorpion bit.

this tells nothing unless it is very close to the real money. i put some trade go to sleep forgot for 2-3 days and then enter trades late in the midnight .. actually Indian markets are closed at that time but international markets are not. The only relief is that atleast I now know that i can make money in demo accounts

*** funny because i imagined myself as fantasying (demo account) with my ugly neighbor while in real (account) life i would run away if she calls me to sleep with her.
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