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  • #2,401
  • Apr 19, 2008 1:34pm Apr 19, 2008 1:34pm
Quoting leighsww
Hi Zoran ... Nope, he still hasn't replied to my emails, so I have no clue

Okay, thanks. That's interesting though, cuz here's a snippet I found from one of the ride-alongs where he mentions Elliott Waves (I've removed all my side of the chatter, as it would just be "noise" when reading, lol):

From the snippet, I was interpreting his use for it to gauge his attack entries, but maybe he is using it mainly for the volatility. Is that how you would interpret the above?

Oh, and notice he talks about rescue being "1, 5 then surrender".

Anyway, he recommended us to use a 3 level attack sequence, which I feel is a good idea. This, too, doesn't seem to have a set sequence, as we've seen various sequences he's used, so again, we use what is appropriate for our comfort zone and account size.
Leigh, I think you have some hidden treasures lying around and thanks for posting this one.

The important message is that when we have caught the third wave in a trend we should expect a largish retracement. I will generally close all positions when the 3 trending waves are clear, not only because of Elliotts theory but it was also mentioned in the book "Technical Analysis of Stock Trends" by Edwards and Magee.

Therefore, a 1-3-3 sequence is played out as follows:

* We place our scout to ride wave one and wait for the wave two retracement
* We then enter 3 more troops to ride wave three and await the wave four retracement
* We enter the final 3 troops to ride wave five. From observation, the end of this one seems to be the most unpredictable.

If the scout was entered in the wrong direction, we can use waves two and four to rescue (sequence 1-5). Also, at the end of 5 waves in the direction of the trend we tend to get an ABC correction, which can also be used for rescue. However, since this correction is against the trend, I'm not sure whether fti would reverse for a two level attack sequence.

Now since we are trading on the 5min, a 5 wave structure could be a subwave in a larger structure on a different timeframe. For example, waves 1 to 5 on the 5 min could be wave 3 in another structure on the 1 hour while the ABC correction on the 5 min is then wave 4 on the 1 hour. fti's "as above so below". Check chart.

Also, this is possibly where his overnighter comes in - that one is probably riding a wave on a higher timeframe.

Although most of us may have a fixed sequence and mine is pretty much at the beginning, fti's sequence varies based on the volatility (speed of the wave) so it is not fixed. When I found myself on the other side of a strong move, I knew I could only rescue with more troops than normal as the volatility was high. Also, perhaps I just should have bitten the bullet and if I keep making the same mistake, the market is sure to keep teaching me until I learn.
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  • #2,402
  • Apr 19, 2008 2:41pm Apr 19, 2008 2:41pm
Zoran ...

Your post makes good sense

Oh, I found the post where he talked to you about Elliott Waves --> Post #1289

I see now what you meant earlier by him not putting much weight on it.

LOL, he is so ambiguous sometimes :, cuz as you can see from my chat log when he was training me, he mentions it for the use of volatility (the speed of the waves), as well as how many levels we should be dancing, so in that way, I interpreted his words to mean, that Elliott Waves may be found useful.

Also, he says this (in Post #882) ...
Quoting fti
About Elliot,Please be aware that I use the elliot studies true to Elliots 1st published findings as in the compiled working papers of "The major works of R.N Elliot" and that I am not a subscriber to his latter added study sequenses of multi wave-curve fitting techniques. AND that I am total adverse to the tweakings by latter day Elliot students and researchers, who I am to the opinion have adulterated Elliot's initial published research as well as those tweaks that Elliot did in his later years, when he was believed senile. Therefore I totally do not believe in "alternative counts" and stuff like double zig-zags and compounded counts.Neither do I subscribe to the widely commercialised publishcations of that wave 4 must be above wave 1 for the elliot count to be effective nor the predictive aspects of the elliot wave count. I use the elliot wave study to compliment the implimentation of fibo generated sequenses for timing of position rescue size, as a limiter of position snowballing only.
So, I guess that's more how he uses it. Note though, that he doesn't subscribe to the latter works of Elliott, nor the tweakings thereafter by others.

Anyway, basically we just gotta use whatever works for each of us with our own dancing styles, lol. Whether Elliott Waves has any relevance to our dance, I guess is up to us to find that out.

How you laid it out in your post above, sounds about right and is how I had first interpreted the Elliott Wave thingy to mean.

I gotta polish up on my spotting and dancing those wave actions though, lol, cuz as you can see by my last 3 dances I posted, sometimes I'm pretty much off the beat, haha : (although they turned out to be successful trades, I can see where I could have better placed some of my level attack entry points).
  • #2,403
  • Apr 19, 2008 2:49pm Apr 19, 2008 2:49pm
this looks like "dollar cost averaging".

which means to keep buying when it's going against you. (if i am reading the "rescue" part correctly.)

am I wrong with this?

i can see how a bank's 500 mills behind you would make this possible, but i cannot believe smaller accounts should be subjected to this.

not to mention there are less stressful ways to trade, but to each their own. if you are making a profit, then it's a good way to trade. this was more of a question than anything else.

Clockwork
  • #2,404
  • Apr 19, 2008 3:00pm Apr 19, 2008 3:00pm
Quoting Kikas
Just to say that after starting this MO & MM and trading the fibonacci lot progression of 0.1, 0.1, 0.2, 0.3 ... 2.1 I had 25 trades (series of positions) totalising 81 lots with 11577 pips made (pips per 0.1 lot -> inicial position). Total ROI of 604,38%.
Sorry, I wanted to respond earlier to you, but the other stuff I had to post took precedence.

Anyway, I wanted to say ... WoW, fantastic!!

I'll leave that particular 6 level sequence/progression choice in my spreadsheet for those, like you, who can make those many levels work for them.

For most, the 3 level sequence/progression is recommended.

Quoting musgrove
Some # I was thinking about and was looking for an opinion ...

- $1000 – 10% of capital risk per day = $100
If that's the max you are willing to risk each day, then that sounds reasonable to me.

I'm presuming, though, that you are using the 30 pips noted in your calculations as only an example, and that you are not going to be implementing rescues at precise price levels, right?
  • #2,405
  • Apr 19, 2008 3:16pm Apr 19, 2008 3:16pm
Quoting clockwork71
this looks like "dollar cost averaging".

which means to keep buying when it's going against you. (if i am reading the "rescue" part correctly.)

am I wrong with this?

i can see how a bank's 500 mills behind you would make this possible, but i cannot believe smaller accounts should be subjected to this.

not to mention there are less stressful ways to trade, but to each their own. if you are making a profit, then it's a good way to trade. this was more of a question than anything else.
Hey, clockwork! Good to see you again!

Did you read the entire thread, my dear? lol (if not, give it a shot )

But, yes, it's definitely doable when done responsibly and with proper MM, but yesiree, it can certainly have calamities if one is reckless (but so is true for any system/strategy).

Hope all is well with you! Gosh, it's been so long since I've caused havoc in feb's thread, lol (hope everyone is doing well over there), but as you can see, I'm continuing the havoc here, haha :

Take care and wishing you much success!
  • #2,406
  • Apr 19, 2008 3:22pm Apr 19, 2008 3:22pm
Quoting leighsww
Zoran ...

Your post makes good sense

Oh, I found the post where he talked to you about Elliott Waves --> Post #1289

I see now what you meant earlier by him not putting much weight on it.

LOL, he is so ambiguous sometimes :, cuz as you can see from my chat log when he was training me, he mentions it for the use of volatility (the speed of the waves), as well as how many levels we should be dancing, so in that way, I interpreted his words to mean, that Elliott Waves may be found useful.

Also, he says this (in Post #882) ...

So, I guess that's more how he uses it. Note though, that he doesn't subscribe to the latter works of Elliott, nor the tweakings thereafter by others.

Anyway, basically we just gotta use whatever works for each of us with our own dancing styles, lol. Whether Elliott Waves has any relevance to our dance, I guess is up to us to find that out.

How you laid it out in your post above, sounds about right and is how I had first interpreted the Elliott Wave thingy to mean.

I gotta polish up on my spotting and dancing those wave actions though, lol, cuz as you can see by my last 3 dances I posted, sometimes I'm pretty much off the beat, haha : (although they turned out to be successful trades, I can see where I could have better placed some of my level attack entry points).
Thanks for those posts Leigh, I do remember them. I kind of put EW on the side until he mentioned it in private to you. I don't trade EW although I first started trading by following an EW thread, however, I didn't really get into all of the rules.

When I trade they sometimes appear and when I can clearly see a third impulsive wave I take note. As it begins to weaken, I'll close all open positions as there is a good chance a correction (or retracement) is due.
  • #2,407
  • Apr 19, 2008 4:06pm Apr 19, 2008 4:06pm
Quoting Zoran
Well, I became overconfident and left my babies unattended and missed the rescue attempt, which came very quickly. So the market gave me a deserved slap. You were complaining about a 100 pip EUR move but I was battling what ended up being a 500 pip GBP/JPY move.

So my rescue plan would have worked had I been better prepared and present. This is why I'm sticking to microlots for now until I have proven to myself that I am ready to move to the next level. I am playing the real game but I won't be wiped out.



luSan, you understand fti's teachings well and we may need to replace him and let the market be our teacher. So long as we continue to make mistakes, the market will let us know. We really are on our own and it's up to us to make it work. We can do it if we practice, practice, practice without overexposing.

Having fti around would certainly help though.
Zoran,

thanks for the encouragement....Yes...It seems that PA will be our teacher now...and a tough one...fti gaves so much that it will take a long time before his teaching become second nature...-I am sad that I did not have the opportunity to thanks him enough for his teaching. He did transformed the little I undersand of forex.

I guess you are right: PA will be here watching over and ready to punish us whenever we deviate from the basis.. Now we need to practice, practice and practice as you said without overconfidence that lead to overexposing.

Our recent loses? Nothing! I see it as a necessary reminder that will save us later when we increase our sizes...Actually I am even happy of my latest mistake. They brought me back to the basics...They even forced me to reconsider 3kings and the market volality...So Thanks PA.

Regards,
Empty as water and soft as a facing wind mountain
  • #2,408
  • Apr 19, 2008 4:54pm Apr 19, 2008 4:54pm
Attack & Rescue Spreadsheet - v2.0

This version ...

1) Has 3 Attack Sequences as follows:

a) .1, .1, .2, .3, .5, .8
b) .2, .3, .5
c) .1, .2, .4

As previously ... the sequence will compound when corresponding with the "Max. Lots Available to Trade" which is determined by the "Account Value"

2) "Pips" column now has the bottom TOTALS displaying both the "total" pips (sum of all pips banked) for that column, and an "average" of the sum of the pips, as well.

-----------

Again, for those of you who are impatient and who feel that starting out with a small account value, as well as only using small fractional lots can't get you anywhere, well ... please scroll down to the end of each "Hypothetical" scenario sheet and you will see how the account can grow.

I'm currently using the new 3 level attack sequence and in my Post #2394, I've been averaging 32 pips so far, so if I can keep on track and not let my own demons get the best of me, lol, then hopefully, I can have the type of results the hypothetical scenario displays (or possibly better, if I can continue to exceed the average 25 pips goal I've set for myself). Anyway, only time will tell, so we'll see.

I truly believe that "slow and steady wins the race" ... so, if we can dance and implement our MM responsibly - meaning, DO NOT go against the major trend!! : AND stay away from the NEWS!!! AND DO NOT overexpose our kingdom (account) by overextending our valuable troops!! ... then we should be successful in our battles. However, if we still choose to not heed these ever popular warnings that fti, as well as many other professional traders proclaim, then we do so at our peril!!

Okay, yes, yes, I know even fti has not heeded his own warnings, cuz he has on occasion traded against the trend ... but whether he is just that good and has enough capital to get himself out of a "dead in water" situation, or whether he deserves a whipping for it (he's professed to having his Scorpion in him emerge at times, lol), maybe releasing of some of them overactive testosteronies before dancing might be in order!! Sheesh! :
.
Attached File(s)
File Type: xls Leighs Forex Spreadsheet - Attack & Rescue 2.0.xls   414 KB | 1,473 downloads
  • #2,409
  • Apr 19, 2008 5:11pm Apr 19, 2008 5:11pm
Leighsww, I see that some people do not stop this forex thing even during the weekend! That is what I call commitment!

I am unable to open your file. I get the message attached.

Hey...your advises will be taken to heart...but the news? this one is killing me. I will have to face Wed, Thurs and Friday next week, with news within my trade session. Trade or not trade? According to you, I should take a vacation these 3 days...ah!!!...I think I will do demo...I need to figure out a way around the news from london normally coming out from 3:30-5:00 am...
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Empty as water and soft as a facing wind mountain
  • #2,410
  • Apr 19, 2008 5:29pm Apr 19, 2008 5:29pm
Quoting leighsww
I truly believe that "slow and steady wins the race" ... so, if we can dance and implement our MM responsibly - meaning, DO NOT go against the major trend!! : AND stay away from the NEWS!!! AND DO NOT overexpose our kingdom (account) by overextending our valuable troops!! ... then we should be successful in our battles. However, if we still choose to not heed these ever popular warnings that fti, as well as many other professional traders proclaim, then we do so at our peril!!
.
I got it. This time I open it instead of saving the file. Your matrix is a good reminder of our "ant work." I hope I do not forget. Your target of 25 pips per day is very conservative...I just did some analysis for my style and I understood that I saw that my original 1-2-3 sequence is similar to the 1-1-2....I am returning to my 1-2-3..you bet!

Why? fibo! 1+2=3 and 1+1=2. I means that if we are in attacking mode, then short target of 12 to 15 pips will protect us if the third wave goes bad. This learning cost me a lot of pain this week...I had trouble with the 3rd wave when I increase move into 1-2-5..I was unable to meet my 50 pips/session without reentering. ..Note that the first 2 waves does not balance the third on a 1-2-5 sequence...that is a setup for failure in the fast dance...oh well, I will dance my friendly 1-2-3 on Monday morning... I will be returning to my basic approach...

I read careful the Elliot posts that you folks talk about...I notice the same in the 5M charts...I see very often no more than 2 highs (on an uptrend) before a compression of PA and a potential reversal...so to close or wait after the 2 Elliot wave might be practical...

I think that volatility is very important and fti only hinted...you see, if the range that I dance is narrow then my PT are limited..that is very important to consider...because it determines are potential gains.

Regards,
Empty as water and soft as a facing wind mountain
  • #2,411
  • Apr 19, 2008 5:45pm Apr 19, 2008 5:45pm
I was thinking today about law of motion and law of vibration what FTI insisted from me to understand and to learn. i found one good article http://www.allaboutprosperity.com/ar...fvibration.htm
and i liked the most:

The Law of Vibration accounts for the difference between mind and matter; between the physical and the nonphysical worlds.
According to the Law of Vibration, we postulate that everything vibrates or moves; nothing sits idle. Everything is in a constant state of motion, and therefore, there is no such thing as "inertia", or a state of rest. From the most ethereal, to the most gross form of matter, everything is in a constant state of vibration.


"Rates of vibration" are called "frequencies," and the higher the frequency, the more potent the force. Since thought is one of the highest forms of vibration, it is very potent in nature and therefore, it must be understood by all of us.

When you hold the image of your goal on the screen of your mind, in the present tense, you are vibrating in harmony (in resonance) with every particle of energy necessary for the manifestation of your image on the physical plane. By holding that image, those particles of energy are moving toward you (attraction) and you are moving toward them-because that is the law.

Law of motion is simple: http://csep10.phys.utk.edu/astr161/l...wton3laws.html

I. Every object in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it.

I hope this will help you. And also VERY IMPORTANT WAS WHEN FTI SAID:

For those following closely,
all the true studies got adulterated with 1 fallacy, "predictive".
Remove that and you have the truth of the reserchers.
Also his comments about MO:

To me the most important indicator is price.
The market's sigma, which is the speed of move.
The Vega, which indicade the volitility factor in its trend and the time it consumes in it push.
You can determine all this from bare bar or candle charts.
the other indicator is true average,
with that you can determine if the volitility is out of line for your risk tenure, the other improtant, read, is the market form.
I try to recognise the compounded formatioNs in the bar charts.

Have a nice sunday tommorow. And please make some comments about low of motion and vibration. Together we can clear this up
Regards
  • #2,412
  • Apr 19, 2008 5:54pm Apr 19, 2008 5:54pm
Quoting luSan
Leighsww, I see that some people do not stop this forex thing even during the weekend! That is what I call commitment!
Well, I really shouldn't be posting, cuz I'm supposed to be preparing for a party tonight and need to get cracking on that soon, lol, but I wanted to post the info I promised I would before I make my lengthy leave again :

Quoting luSan
Hey...your advises will be taken to heart...but the news? this one is killing me. I will have to face Wed, Thurs and Friday next week, with news within my trade session. Trade or not trade? According to you, I should take a vacation these 3 days...ah!!!...I think I will do demo...I need to figure out a way around the news from london normally coming out from 3:30-5:00 am...
Well, I guess you're gonna have to tread those waters carefully, cuz if that's the only times you can trade, you've got a dilemma.

I dunno, I guess if you can dance nimble enough to be able to pull the trigger fast if the NEWS takes the PA moving too rapidly in the opposite direction you are going, then you may still be okay with trading those times.

You might want to stay out with live trading it and only demo it for now, to see if you can manage dancing it well enough.

The key to coming out alive on the NEWS spikes is being able to pull the trigger fast if you have to, so as long as you don't do rescue snowballing for those, I can't see you getting too much into trouble, unless your electricity or Internet connection goes out at that particular time, lol.

But if you're following the major trend, even in a NEWS spike, that's normally only a temporary reaction, so eventually traders gain control of their senses and the PA goes back to the mean and way of the original trend. Of course, this is not a rule set in stone, but I've found it's normally the case.

This is where having a small exposure is important, so that even if your electricity/Internet goes down, you have a chance to recoup, if you're in the direction of the major trend. In any case, at least the loss is not mind-blowing when having a small exposure at risk.

Anyway, good luck and report in your journal how things go.

Quoting luSan
Your target of 25 pips per day is very conservative
LOL, well that's just a minimum goal. With my actual trades, I've been exceeding my minimum 25 pips goal, but heck, I'd still be happy if I make only my minimum, so : lol

For me, I find for this particular circumstance (trading the forex), it's better to project a conservative reachable/doable goal rather than one that might not be easily reached. For other goals in life, putting stretchable goals has it's advantages, but for trading the forex, I want a doable/reachable goal so as not to sabotage myself psychologically. When you're reaching doable goals, you're more likely not to get discouraged thus stay the course and not lose sight of your goals. That's how I look at it, anyway

Okay, I'm outta here for now, peeps, otherwise my party is not going to have any food tonight, lol.
  • #2,413
  • Apr 19, 2008 5:57pm Apr 19, 2008 5:57pm
Leighsww,

Thanks for all the work on the spread sheet.

I have been looking back through the last several pages and I can't for the life of me find this "7 bars" thing you guys are referring to as some sort of preferred amount of bars as determined by fti........... can someone point me to that particluar post so i can read up on it??

Thanks
trading naked.......
  • #2,414
  • Apr 19, 2008 7:52pm Apr 19, 2008 7:52pm
Okay, my spareribs are par boiling so I can post a little while I wait : ...

Quoting luSan
Your target of 25 pips per day is very conservative.
luSan ... I forgot to point out that in my hypotheticals, each is a per trade NOT per day. I can have 2 trades or more per day, depending on how long each dance is.

However, even at 25 pips per day, look at what it will look like after 240 trades (scroll down the "Hypothetical 2" sheet to see what the results on the bottom are).

Okay, I tell you (as fti would say, lol)

After 240 trades ...

Account Value (after withdrawals) = $60,295.20
Total Profit = $134,095.20
Withdrawals = $75,000.00

The "Withdrawals" would be my income, so that's approx. $6,250.00 per month.

Now, if I continue to average 30 pips, then here's those results ...

Account Value (after withdrawals) = $132.714.20
Total Profit = $286,514.20
Withdrawals = $155,000.00

That's an income of approx. $12,916.67 per month

So, even if each trade is one per day, after 12 months (1 year), the income taken (withdrawals), total profit and remaining account value/balance is still very lucrative.

And even if I may incur some losses (due to surrendering trades to avoid "dead in water" situation), hopefully it will be minimal and maybe only 10% or less of my trades (if I dance well, and keep to my MM responsibly).

Also, after removing my original initial investment, I will then be trading using "house money," so I can leave in that large amount for further compounding and larger income withdrawals as time goes on.

So, stop worrying about conservative, because better to be conservative, slow and steady but eventually win the race (like "Tortoise and Hare" story), rather than aggressive, risky, fast and impatient, thus lose the race and your shirt, lol.

For every huge loss you incur, you fall more than one step behind, so "slow and steady" remember?

Quoting piphitman
I can't for the life of me find this "7 bars" thing
I'm not sure, but he probably only briefly mentioned it in this thread. Unfortunately, this forum's php script won't search the keywords "max 7 bars," so I couldn't find if he posted it.

He's probably mentioned it in my training logs, so I'll have to go through and get that all stripped out and post it when I get a chance (along with the posts from feb's thread).
  • #2,415
  • Edited 10:46pm Apr 19, 2008 9:21pm | Edited 10:46pm
I'm not sure if this is what you want

fti

Feb 11, 2008 1:44pm



Quote:

Originally Posted by Northpro (Post 1842469)
Leighs...Just to be clear, I am not disputing your MM methods and respect ones aggressiveness based on their capital and dancing ability..I was just using your example as it has been the only example thus far that we've seen and wanted to point out an alternate approach (albeit more aggressive) to the attack strictly based on attacking with force from the start to hold on to gains as the attack nears an end. Hope you dont think I am attacking your approach . I am not, but just wanted to throw out an different approach for those that are more aggressive.

Regards
NP


Hi Northpro and Leighsww,

You have both not seen my true attack sequense yet, so as a matter of fact , both your planning is very different from my attack sequense.

Let me give you a hypotical scenerio.
lets say (for example only), (in reality I have much more muscle than this)that the fibo expansion is my MM play, ie 1,1,2,3,5,8
Now thats 20 sections.
I send in a scout (wave AB), he plays well and I decide to check him, I send in 1 checker, which is my level 2 (wave CD)
and level 2 plays well,that would mean that wave CD is short and plays above wave AB. If wave EF retraces then i would be forced to invoke rescue 5 and I go into rescue mode.

If EF did not do that then the instance of the attack would be in wave EF, and if the dance dictates that I am in alignment with the daily trend and both the short charts, It would require that I would attack full force 5, 11 before the break away r/s point( normally somewhere in the mid of AF's range, and would be drawing the attack total of 16 in batches as we test into the r/s depending on the volatility whereby the market is taking that r/s out.
Then upon the test, profitaking of the attack sequense would be invoked into the stops-break on the reverse 8,5,3.
In effects I would be profit taking for ammo(foreign capital) to sustain the residue of the 4 that are still in battle. The four would be further lighten if the trend continues to persist. This would continue until what is left is 1. then a new sequence of 1,1,2,3,5,8 would be put on stand by to ride the next retrace wave, and when the retace wave flats out , the whole rescue and attack sequense would be replayed, depending on the magnitute of the retacement. If the retrace was a fat and bouncy one then the rescue MO was most appropriate. If a new attack opportunity sequence was surfaces, then a new attack sequence would be invoked with whatever was left from rescue.

In reality, you would be seeing that the risk of full force used at the most advantages probabilities and timing.
Of course it can happen that the market may move adverse after the strong attack, and thats when, the damagecontol is invoked to rescue as many of the positions still in good standing as possible and re-strategised( regrouped) for exposure rescue.

This attack sequense is not invoked when the market volatility is tight, Only when the legs are strong,(strong = range play 50 pips average) and volatility run of max 7 bars average 3.

I hope this helps.

regards

PS:It is difficult to describe for you what the dance tempo is like before this opportunities avail themselves, after a few of these dances you will have a better feel for it. One of the tell tale signs is when a market behaves non letargic and seems warmed up in its sequence of movements. For lack of a better word, active.

When markets are detected to be not in this mode, then the normal rescue and limited attack strategy is most prudent.

Sometimes, I may miss the initial legs of these runs, due to my negligence.
Under these circumstances, ad hock strategies are used to compensate the retiming.

In essence, please do not think that you are wrong in your approaches, just different. And probabilily due to capitalisation , not optimised.
  • #2,416
  • Apr 20, 2008 3:43am Apr 20, 2008 3:43am
Quoting fti
the other indicator is true average,
with that you can determine if the volitility is out of line for your risk tenure,
you can best understand this by studying the original Dow theory.
Unfortunately there're many mutations of the Dow theory.
And those that are being used by conventional chartist today differs from my cup of tea.
I think you may get a good grounding of that from the book by R.Edwards/J. Magee.
I cannot remember the title of the book, but I can check for you when I return to Sg probably middle jan 2008. pls remind me.
Quoting mijamoto
I hope this will help you. And also VERY IMPORTANT WAS WHEN FTI SAID:

For those following closely,
all the true studies got adulterated with 1 fallacy, "predictive".
Remove that and you have the truth of the reserchers.
Also his comments about MO:

To me the most important indicator is price.
The market's sigma, which is the speed of move.
The Vega, which indicade the volitility factor in its trend and the time it consumes in it push.
You can determine all this from bare bar or candle charts.
the other indicator is true average,
with that you can determine if the volitility is out of line for your risk tenure, the other improtant, read, is the market form.
I try to recognise the compounded formatioNs in the bar charts.

Have a nice sunday tommorow. And please make some comments about low of motion and vibration. Together we can clear this up
Regards
About true average, it's not something I remember but if anyone is interested in reading about Dow theory from the book fti mentioned, it is on google books. It contains a preview so the whole book is not available but it contains the full section on Dow Theory.

http://books.google.com/books?id=aEX...f7L-nw#PPP1,M1
  • #2,417
  • Apr 20, 2008 10:51am Apr 20, 2008 10:51am
can you send me this book. I coulnd't send you PM :S regards
  • #2,418
  • Apr 20, 2008 10:53am Apr 20, 2008 10:53am
Quoting mijamoto
can you send me this book. I coulnd't send you PM :S regards
Likewise, your email is blocked.
Empty as water and soft as a facing wind mountain
  • #2,419
  • Apr 20, 2008 4:10pm Apr 20, 2008 4:10pm
Quoting mijamoto
I was thinking today about law of motion and law of vibration what FTI insisted from me to understand and to learn. i found one good article http://www.allaboutprosperity.com/ar...fvibration.htm
and i liked the most:

The Law of Vibration accounts for the difference between mind and matter; between the physical and the nonphysical worlds.
According to the Law of Vibration, we postulate that everything vibrates or moves; nothing sits idle. Everything is in a constant state of motion, and therefore, there is no such thing as "inertia", or a state of rest. From the most ethereal, to the most gross form of matter, everything is in a constant state of vibration.


"Rates of vibration" are called "frequencies," and the higher the frequency, the more potent the force. Since thought is one of the highest forms of vibration, it is very potent in nature and therefore, it must be understood by all of us.

When you hold the image of your goal on the screen of your mind, in the present tense, you are vibrating in harmony (in resonance) with every particle of energy necessary for the manifestation of your image on the physical plane. By holding that image, those particles of energy are moving toward you (attraction) and you are moving toward them-because that is the law.

Law of motion is simple: http://csep10.phys.utk.edu/astr161/l...wton3laws.html

I. Every object in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it.

I hope this will help you. And also VERY IMPORTANT WAS WHEN FTI SAID:

For those following closely,
all the true studies got adulterated with 1 fallacy, "predictive".
Remove that and you have the truth of the reserchers.
Also his comments about MO:

To me the most important indicator is price.
The market's sigma, which is the speed of move.
The Vega, which indicade the volitility factor in its trend and the time it consumes in it push.
You can determine all this from bare bar or candle charts.
the other indicator is true average,
with that you can determine if the volitility is out of line for your risk tenure, the other improtant, read, is the market form.
I try to recognise the compounded formatioNs in the bar charts.

Have a nice sunday tommorow. And please make some comments about low of motion and vibration. Together we can clear this up
Regards
mijamoto, what you have brought up here is very relevant and linked.

The law of motion seems fairly straight forward when applied to the market. Price remains constant until a force is applied to it. In this case, buyers and sellers. The stronger will move the market in that direction - a battle between the bulls and the bears.

What is important is that we observe the strength of the force being applied to the price and we can gauge the Vega and Stigma by observing how far price moves over a certain time. We can do this by observation and the candles being formed, so we end up feeling the volatility.

So this now comes to the law of vibration. This is more about us (or you, me) and the market. The market vibration is the energy it is releasing and if we are tuned and receptive to it (i.e. give it our attention), then we can use that to turn our spiral.

When the force is strong, our spiral turns quicker and when not, it is slow but we need to keep in tune. If it doesn't work out then we immediately rescue. With practice, practice and practice, we can all achieve this so long as we continue to follow fti's teachings.

Now, lets translate the following comment from fti:

"This attack sequense is not invoked when the market volatility is tight, Only when the legs are strong,(strong = range play 50 pips average) and volatility run of max 7 bars average 3."

Only when the force in a certain direction is strong do we unwind our spiral more than usual. We could easily wind out 1-1-2-3-5-8 very quickly in that case or even more agressively depending on experience.

We must expect change and adapt to it. The only thing constant is change.
  • #2,420
  • Apr 20, 2008 4:21pm Apr 20, 2008 4:21pm
I am not entirely certain about the following:

"and volatility run of max 7 bars average 3"

but my guess would be fti plays his sequence based on each bar (or close to it). He will unwind fully in 7 bars if the volatility is strong but he normally only gets to the third level before winding back in.

So he could play each bar and depending on the following plus measuring speed and what the component bars represent will determine his play. When viewing his charts, it is quite obvious that he plays very close to the market.

Also, when referring to Gann, he highlighted the fact that on average, Gann's trades lasted 20 minutes so that may coincide with fti's practice?

Leigh, perhaps you could confirm?
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