Technical Analysis Fallacy | Page 82 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Ultimate Fallacy in Technical Analysis 99 replies

"Technical Analysis Fallacy" thread people, I need your help 54 replies

Technical Analysis Fallacy Redux 23 replies

Statistical analysis fallacy 33 replies

Attachments: Technical Analysis Fallacy
Exit Attachments

Technical Analysis Fallacy

  • #1,621
  • Mar 3, 2008 12:12pm Mar 3, 2008 12:12pm
I am reading once more this thread and i find intresting statement:

For dealers, its a different game, because when markets are going up in a BEAR market, customers keep making them short,
their book keeps getting bigger short, but their average cost of being short keeps going up.
all they have to do is to wait for the trend to enforce and
when the market returns to the point where the buying started ,
he would make nearly the amount of money that made him short in the first place.


Is this the reason why we have impulsive waves in bull and bear markets???

regards
  • #1,622
  • Mar 3, 2008 12:47pm Mar 3, 2008 12:47pm
Hi Northpro,

Thanks, I was wondering if i should ask the question as i am sure it is contained within this thread already. I am aware of the incredible amount of valuable information stored in this thread. I do not take this for granted!! I am planning to read through carefully and slowly, but unfortunately have not yet had the time.

I have the same question as Lusan, What is the best way to store this information!! any advice would be great!

Thanks again


Quoting Northpro
Acs,

I hate to be the bearer of bad news, but you really have to read the thread in it's entirety. Be slow and methodical as there are a lot of hidden pieces at first glance, but as you progress the "wheels inside the wheels" (since thats the catch phrase of the day..lol) will become recognizable very quick. You will need to read the Art of War..MORE THAN ONCE! Fti has painstakingly set up lessons throughout, that are engineered to teach not tell, so it is up to you to take the approach of student and put in the work. It may seem daunting to start from the beginning and fully grasp everything up to the catchup point, but starting today is better than starting tomorrow, ask all who have followed from the beginning, it will be well worth it. Good luck and good trading.
Regards
NP
  • #1,623
  • Mar 3, 2008 12:51pm Mar 3, 2008 12:51pm
Quoting luSan
Does anyone know how to extract the whole thread into a file?

I would like to print it and carefully read it again. I went through twice and that probably is not enough. There are quite a few subtle points all over the place.
might not be the easiest way but open a MSword doc then in the forum click on the thread tools and select printable version and also select the 40 post per page thing.
Copy these pages to the word doc. (copy & Paste). You can add the whole thread to that one word document just keep adding the new pages to the end of the doc. While the pages are in Word you can do any editing you want, page breaks, spelling check, formatting ect.
You could leave it at that or even use a free pdf program like "activePdf" and make a pdf of it once you have the Word doc the way you want it.
  • #1,624
  • Mar 3, 2008 1:31pm Mar 3, 2008 1:31pm
Thanks. It is 41 pages full of content at times. I just selected them and copy/paste into word.doc.
Empty as water and soft as a facing wind mountain
  • #1,625
  • Mar 3, 2008 7:16pm Mar 3, 2008 7:16pm
Wow, so fti announces his departure for a month and then he is more active than ever!

Can someone please confirm the book he posted is "Tunnel Through The Air or Looking Back From 1940"?
  • #1,626
  • Mar 3, 2008 7:26pm Mar 3, 2008 7:26pm
Quoting Zoran
Wow, so fti announces his departure for a month and then he is more active than ever!

Can someone please confirm the book he posted is "Tunnel Through The Air or Looking Back From 1940"?
Yes thats correct Zoran.
  • #1,627
  • Mar 3, 2008 8:25pm Mar 3, 2008 8:25pm
Have any of you read all of his books? I was just researching a little about him and i saw one year his winning percentage was 93.10%. Wow thats pretty amazing.
  • #1,628
  • Mar 4, 2008 2:20am Mar 4, 2008 2:20am
Quoting M-H Trader
Have any of you read all of his books? I was just researching a little about him and i saw one year his winning percentage was 93.10%. Wow thats pretty amazing.
haha fti said in one of his post that he traded for 1 month plus and without any losses...haha....u guess what if fti coming out with a book?...haha..
  • #1,629
  • Mar 4, 2008 4:47am Mar 4, 2008 4:47am
Quoting Northpro
Yes thats correct Zoran.
OK, thanks NP. I bought the book a little over a year ago and have just put it to the side so this will serve as motivation to finally read it.

I read a few things about Gann and one being he never really revealed his secrets so I was a little sceptical. There are many so called "Gann experts" out there but it seems fti has already discounted the predictive nature of their systems.

So is the point here just about timing?
  • #1,630
  • Mar 4, 2008 4:58am Mar 4, 2008 4:58am
Quoting loonyew
haha fti said in one of his post that he traded for 1 month plus and without any losses...haha....u guess what if fti coming out with a book?...haha..
I doubt very much fti has any such interest (i.e coming out with a book). He is revealing some of his strategy through self-teaching excercises. He once mentioned he will not just reveal the system (or certain parts of it) in case someone decides to take it and sell it as some blackbox system.

If you are making money from trading, why sell it? He has been doing it for about 25 years on a professional level so I trust his ability.
  • #1,631
  • Mar 4, 2008 9:25am Mar 4, 2008 9:25am
Quoting Zoran
I doubt very much fti has any such interest (i.e coming out with a book). He is revealing some of his strategy through self-teaching excercises. He once mentioned he will not just reveal the system (or certain parts of it) in case someone decides to take it and sell it as some blackbox system.

If you are making money from trading, why sell it? He has been doing it for about 25 years on a professional level so I trust his ability.
haha...i m just telling M-H Trader that fti can compare to W.D Gann.....not that i m saying he is coming out with a book or what.....u get me?...sorry my english not that good....
  • #1,632
  • Mar 4, 2008 1:50pm Mar 4, 2008 1:50pm
Quoting loonyew
haha...i m just telling M-H Trader that fti can compare to W.D Gann.....not that i m saying he is coming out with a book or what.....u get me?...sorry my english not that good....
Yes, but i was not comparing Gann to fti to there styles are differnt. Also Gann son stated that GANN was fraudulent.... But no one will ever know.
  • #1,633
  • Mar 4, 2008 4:44pm Mar 4, 2008 4:44pm
After I've read Tunnel book, I can believe that he was fraudulent, the book is almost useless. Half of it is about the war, that never occurred, and a half is about bible, and only 10 pages are about trading, and the information looks like not true at all.
Alex
  • #1,634
  • Mar 4, 2008 5:24pm Mar 4, 2008 5:24pm
Hi fti,

I missed the link for the "Tunnel" book. could you posssibly post it again.

I continue to improve my understanding of the way I think you trade.

Regards,

BabeFX.



I am wrong until the market proves me right.
  • #1,635
  • Mar 5, 2008 6:01pm Mar 5, 2008 6:01pm
Quoting alexfot
After I've read Tunnel book, I can believe that he was fraudulent, the book is almost useless. Half of it is about the war, that never occurred, and a half is about bible, and only 10 pages are about trading, and the information looks like not true at all.
Alex
I haven't read it but from what I've heard the secret is in the numbers. Even Gann mentioned most people would need to read it twice to get it.
  • #1,636
  • Mar 5, 2008 7:08pm Mar 5, 2008 7:08pm
Started reading the thread from the beginning (2nd pass). May get something new now.
- WaveRider3
  • #1,637
  • Mar 6, 2008 6:28am Mar 6, 2008 6:28am
Hi again,

I've been away quite a while. I had to train my general and commander and they're trusting each other now. Commander has been under a fire a lot and is much tougher than ever before. I'm profitable for a month already with another method - a little more rigid, I admit, but working method nevertheless. Takes experience and the FEEL into account.

Still, taking things in slower pace. Soon I'll start reading this thread again from the beginning. It has to be learned with responsibility and seriously or not at all.

Cheers!

Syres.
  • #1,638
  • Mar 6, 2008 6:31am Mar 6, 2008 6:31am
Testing signature...
  • #1,639
  • Mar 7, 2008 3:13am Mar 7, 2008 3:13am
Could someone please PM me the "Tunnel" book link that fti posted.

Regards,

BabeFX.




I am wrong until the market proves me right.
  • #1,640
  • Mar 7, 2008 5:33pm Mar 7, 2008 5:33pm
"What many traders do not know, or may fail to recognise, is that your success in taming the markets, is comprised of a mix of ingredients. Not so unlike in baking cakes.
I suggest three very important ingredients. One is " Market Structure ", the other is "YOU", then Capitalisation. Of course there are many more components, for the moment these seems of dominant importance, in my humble opinion." fti's first post.

Things are quiet here. Where is everybody?

fti said the post above.

I believe that "You" is important because my index finger tembles and my heart is full of doubt everytime I sell/buy on the 5M chart.

I believe that "capitalization" is important because otherwise how to save my a.. when I screw up and take the wrong trade.

Market structure? that is a tough one....I just play the 5M and do my best...Does he mean the "wheel within wheels" of the market?

I still wonder how others are implementing what we learned in this thread...does it work for them? It works for me, at least...How do I know? I keep tab on my failures and sucess...I hope that other do likewise.

Sometimes I wonder about our conversation here...the system seems so easy but emotionally demanding because we need to reject most of what others have told us -no stops, no indicator, naked, etc.- that might be a tough call...

Take it from there.
Empty as water and soft as a facing wind mountain
101 traders viewing now