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Technical Analysis Fallacy

  • #361
  • Dec 6, 2007 10:55pm Dec 6, 2007 10:55pm
Hi ALL,
Maybe that chap just lost too much money.
He should go home and kick his cat instead.

Does anyone here, have any opinion, about what he's so upset about.
Of course that can discuss things like a human being, not some one from the wards.
Maybe you would like to say something. seekinglight.

Sure would like to get some opinions before we proceed.

regards

Leighsww , are u ok?
Lucky its friday, sure spoils the trading ambience.
  • #362
  • Dec 6, 2007 11:00pm Dec 6, 2007 11:00pm
fti ...

Please, just proceed with your original plan. Please don't let this distract you.

Remember, we must "let go and move on"
  • #363
  • Edited 11:58pm Dec 6, 2007 11:09pm | Edited 11:58pm
Quoting fti
Hi ALL,
Maybe that chap just lost too much money.
He should go home and kick his cat instead.

Does anyone here, have any opinion, about what he's so upset about.
Of course that can discuss things like a human being, not some one from the wards.
Maybe you would like to say something. seekinglight.

Sure would like to get some opinions before we proceed.

regards

Leighsww , are u ok?
Traders can get "married" (attached) to their market forecasts, and evidently they can get married to their trading philosphies as well. It looks like not everyone is ready for you yet, fti. But we shouldn't let that get in the way of the lessons.
  • #364
  • Dec 6, 2007 11:11pm Dec 6, 2007 11:11pm
Quoting Pips_Cruiser
It looks like not everyone is ready for you yet, fti. But we shouldn't let that get in the way of the lessons.
I totally agree with Pips_Cruiser, please let's just move on

* edited - Also, if you recommend anybody kicking their cat again, I will box your ears!!
  • #365
  • Dec 6, 2007 11:21pm Dec 6, 2007 11:21pm
Quoting fti
Leighsww , are u ok?
LOL, I missed this the first time (you must have edited again, lol).

Of course I'm okay, why wouldn't I be? Sheesh! :
  • #366
  • Dec 6, 2007 11:22pm Dec 6, 2007 11:22pm
Hi ALL,

@ yeah, but I was just at the end of posting replies to your views and actually was waiting for some response.
I guess suntrader , got to rough for comfort, could be the sun thingy,lol.
So if any one wants clearification, please ask.

oTherwise I will be typing out the other stories later , in the day.
ok.

regards

PS: Was I too harsh in my responses?
  • #367
  • Edited 11:48pm Dec 6, 2007 11:38pm | Edited 11:48pm
Quoting fti
PS: Was I too harsh in my responses?
LOL, just about the cat (for me anyway, haha).

I think everyone at this point knows you enough and how you joke within your replies, so I surely hope nobody took what you said insultingly. If they did, then they might not have understood what you were meaning and that you are just wanting them to "think."

We all knows you luvs us, or why the heck would you be spending so much dang time and effort in this thread trying to enlighten us, sheesh.

Unfortunately, you can only use 5 emotes at a time per post, so you are at a disadvantage, haha.

Oh well, maybe they will go out and get Dr. Banks' CDs and then realize how "happy institutional" people joke (just kidding!) :

GADs, I guess cuz I can understand your jokes, that makes me as badly inane as you! :

* edited - Also, some of the best teachers are the strictest ones (not "mean," there's a difference, but strict with wanting students to get the info sunk in), cuz even if they have to putt their butts on the line with being thought of as strict, they care more importantly, that their students learn and better their lives.
  • #368
  • Dec 6, 2007 11:49pm Dec 6, 2007 11:49pm
Quoting Pips_Cruiser
Traders can get "married" (attached) to their market forecasts, and evidently they can get married to their trading philosophies as well. It looks like not everyone is ready for you yet, fti. But we shouldn't let that get in the way of the lessons.
Hi pips_crusier,

I guess you're right.Too entranched into controlling risk.
Was surprised that, came from a "Pro" trader. esp, a matured one.

Many trading Gurus, do advocate putting stoplosses to their trade.
Normally, they come from the futures derivative sections,
In forex some corp. practise this for their more junior people,
to prevent "excessive exuberance" (Borrowed from the great Greenspan) .
During my era , dealers where trained differently. The focus was on bottom line and monitoring.
I do understand that since the few structural meltdowns, alot of the powers have transfered to the compliance ppl to protect the institutions. Making dealers jobs very difficult at time.

Further, getting to understand the retail game, this few weeks,
I am to the opinion that there is already, the safe guard of auto liquidation on margin-call point. So unless the traders cannot think for themselves , overlosses shouldn't happen. Unlike Futures contracts, they have daily limits and market closures, on excessive runs, which is not the case for forex, I guess we'll have to trust the Feds and other CBs to be on the guard, just in case these may happen.But since the free float era , (touch wood) nothing unbecoming has happened yet.
Thought fig releases may create markets extreme volitility or widen spreads.
I guess that may be the only visable dangers, for over leveraged accounts.
So ppl , careful with trading into fig releases.
I did read a posting about what happened to GBP recently.

regards
  • #369
  • Dec 6, 2007 11:58pm Dec 6, 2007 11:58pm
Quoting leighsww
LOL, just about the cat (for me anyway, haha).


We all knows you luvs us, or why the heck would you be spending so much dang time and effort in this thread trying to enlighten us, sheesh.
Leighsww,
You're quite telepatic, I was just asking myself the same thingy.
What am I doing this for? on a public forum?
All I could come up with was , maybe it may help some traders.
I don't know, should I stop, everyones' so silent, wonder if there's any interest.

actually quite tired of all this hammering the keyboard.
If you still want to progress on , Could do via email.

regards
  • #370
  • Dec 7, 2007 12:04am Dec 7, 2007 12:04am
please do progress , i do not want (and many of us surely) to disturb your enlightening teaching by posting unnecessary questions ... i believe in strong foundation and understanding to master a game , but i find these things are acquirable while u play the game , probably due the inquisitive nature of human being ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #371
  • Dec 7, 2007 12:06am Dec 7, 2007 12:06am
Quoting fti
Leighsww,
You're quite telepatic, I was just asking myself the same thingy.
What am I doing this for? on a public forum?
All I could come up with was , maybe it may help some traders.
I don't know, should I stop, everyones' so silent, wonder if there's any interest.

actually quite tired of all this hammering the keyboard.
If you still want to progress on , Could do via email.
Hmmmm, don't go there, fti. Look, read that Monk story again, cuz I feel you are letting this affect you.

Don't let a few ruin your giving heart. You are stronger than that.

Look, just because people don't post, doesn't mean they aren't benefiting from this thread. Most people are observers, but they will respect and hold in their esteem true leaders.

But, they are also intelligent enough to think for themselves, so nobody is following you blindly. Obviously those who are absorbing what you are saying and will implement whatever they feel can pertain to them, will benefit greatly from having an open mind to look past themselves and look at what is being said here.

So stop your nonsense, and I will not accept any emails from you if you quit now. I mean it!!
  • #372
  • Dec 7, 2007 12:11am Dec 7, 2007 12:11am
But ... I think you should rest now and not continue until you are rested and your mind clear of these negative clouds that have hovered over you.

We are all human, so even you need reminding of such things.

Read the Monk story before you go to rest.

We will be here, you have not lost the readers and posters who can see your worth, I can assure you of that!
  • #373
  • Edited 12:25am Dec 7, 2007 12:12am | Edited 12:25am
Hi leigh,
There's another concern, that many here are mildly experienced in the game.
When I trained dealers, I supervised their growth.
From some emails I received, it is quite apparant that all are differing levels.

Lets me tell you another story.
Not another dang, river story.

If I was to give your a horse.
Then there may be traders, who feel, well maybe the horse could do better with legs like and elephant, cos its tougher, and thicker.Some may adjust the tail to stream line it.You get the idea. Modify here there, then at the end they get some funny kind of monster. possibly Frankeinstein.

I guess my fervent wish is for them to pick out stuff that works for them, and improve their bottomline.

Donno gotta think abit.

regards

PS: You see my style is pro100% so, I am entertaining that other pros thoughts that the pros style ,can it be used safely by amatures? Actually I have given you guys Strutural Grounding+ a look into the mindset.
Noe Art of war and MM is very scary stuff. Like I said . not careful it could take your heads off.
I was already thinking earlier, that I should test you people out ,and only give to those that can handle it. But then it wouldn't be nice of me.
So like, can I ask you guys to play sicssors, paper & stones for abit, while I give it some thought first?
  • #374
  • Dec 7, 2007 12:16am Dec 7, 2007 12:16am
Quoting leighsww
Hmmmm, don't go there, fti. Look, read that Monk story again, cuz I feel you are letting this affect you.

Don't let a few ruin your giving heart. You are stronger than that.
  • #375
  • Dec 7, 2007 12:19am Dec 7, 2007 12:19am
I am an avid observer of this thread. I have more listening than I do speaking at this moment, but am deeply interested in what is happening here. Sometimes silence is golden. So please do continue and accept the silence as AWE!

Regards,
NP
  • #376
  • Dec 7, 2007 12:29am Dec 7, 2007 12:29am
Quoting fti
There's another concern, that many here are mildly experienced in the game.
When I trained dealers, I supervised their growth.
From some emails I received, it is quite apparant that all are differing levels.

Lets me tell you another story.
Not another dang, river story.

If I was to give your a horse.
Then there may be traders, who feel, well maybe the horse could do better with legs like and elephant, cos its tougher, and thicker.Some may adjust the tail to stream line it.You get the idea. Modify here there, then at the end they get some funny kind of monster. possibly Frankeinstein.

I guess my fervent wish is for them to pick out stuff that works for them, and improve their bottomline.
LOL, had to laugh at the "Frankenstein"!!!

Hey, have faith that people will use the knowledge that they gain here wisely. Once you are gone, some will still continue to post here to help those in need, so please don't concern yourself with this right now.

Everyone has to learn to dance first, before they can become a professional. You have laid down some great foundations - the mindset is one of the most vital.

For those who just don't get it, well they just aren't ready yet, or haven't reached that level of enlightenment to open their minds to embrace what you are saying (like Pips_Cruiser mentioned), but maybe one day it will hit them like a bolt of lightning, lol. If it never does, that's okay too, cuz they will survive on their own.

Anyway, I am going to leave for now. I am way past dinner after all this drama that went on, lol.

Look, see people are wanting to learn more from you. But, do NOT force them to post if they choose not to, so no guilt trips okay? lol.

Okay, can people who still want him to continue PM him (you don't need to post in this thread if you don't want to). Please show him some support, so he knows he's not wasting his time. Thank you!

*edited - P.S. This is your weakness you know, fti, your needing to have people vocalize their support. Just lead and let whoever wants to follow come at their own accord. Many are behind you, don't ever doubt that again.
  • #377
  • Dec 7, 2007 12:46am Dec 7, 2007 12:46am
When I first bumped into this thread, I was asking myself.....well, most of the respondents are 1kt members.......gurus and experienced traders in the context of FF. Why should i be thorns amongst the roses? Noobs or no noobs, blind me...... This is a public forum, everyone can participate, even noobs. And I tell myself wouldn't the so called "gurus and experienced traders" were once a noobs like me? Arrogance and pride will blind us...For Big Man makes Big Mistakes and Small Man makes Small Mistakes.

FTI, you started this forum with the noble motive and intention to impart your knowledge and experience........why give up now? Why give up half-way? I'm sure there're many interested readers like me.......yearning for knowledge on the sidelines......

My interpretation of the monk's story is rules are manmade....if it's broken for a good cause then do it.....for Gold needs to be refined to be purified.....as for his disciple.....let's not be negative thinking.......What's done cannot be undone......Be postive and plan for the future instead..
  • #378
  • Dec 7, 2007 1:38am Dec 7, 2007 1:38am
Just got up and see that this thread added 7 pages in the last 24 hours - some long posts that I need to go over again - like Leigh, I tend to miss things on my first reading.

Following FTIs suggestion that I review my chart set up I went back and re-read the thread.......ah http://www.forexfactory.com/images/icons/icon3.gif as I now see it, by having the thick lined MAs around price action, I am failing to concentrate on the price itself and thus preventing myself from becoming in tune with the market. I've now removed them. Thanks FTI.

Now to try this streamlined trading............
Trading Levels with WRBs
  • #379
  • Dec 7, 2007 1:50am Dec 7, 2007 1:50am
I once asked a snake if he liked crawling on his belly,
he answered, "Why shouldn't I, that's what I do best."
  • #380
  • Dec 7, 2007 2:01am Dec 7, 2007 2:01am
Quoting leighsww
Please believe me when I say ... in the eyes of most who read what is going on here, it is you who may not be looking as wise as you may think. This is not a put-down, please understand. This is feedback, because, trust me, most people are pretty intelligent and can sense the "motivation" behind people's posts.

Majority of people know when someone is questioning because they really want to know, or posing opposite views because they truly have another opinion about it, and that's all fine and needed. We need to question when we don't understand, and we need to give our viewpoints if we feel otherwise.
Leigh,

Very well said.
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