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Technical Analysis Fallacy

  • #2,621
  • May 12, 2008 11:25pm May 12, 2008 11:25pm
Quoting textor
Im sorry. But German time is 1 hour ahead.~~
Textor
Textor I'm here to learn. I've had this link recommended to me twice on FF
http//www.2008.worldmarkethours.com/Forex/index.htm
they have them both opening at the same time.
Good Trading
  • #2,622
  • May 12, 2008 11:40pm May 12, 2008 11:40pm
Leigh thanks for the good news.
Whilst I still have much to learn from fti's existing posts, it seems to me that this can be a fairly stressful way of trading. Now that fti is trading from home this could be even more so. eg
- His own money.
- No backup of equipment, be it computers, internet, power etc.
- No staff backup, be it networking, time away from the screen for coffee breaks (or the other coffee breaks), relaxing before meals, etc.
- Less control over his surroundings, be it outside noise, family living a life around him, etc.

It seems to me the challenge for fti (apart from teaching us) is to adapt his previous incredibly successful style, to that which he can do from home without impacting on his health.
Good Trading
  • #2,623
  • May 13, 2008 12:17am May 13, 2008 12:17am
Quoting leighsww
I just wanted to let everyone know that I just heard from fti. Whew, at least he is safe!!

He didn't go into specifics/details, but from what I gathered from how he put it in his email, it sounded health related. Seems he had a close call.

He said that he doesn't have the energy right now to get back on the forums, but will try to catch up as soon as he can.

LOL, he whipped me (and everyone else who is deviating from his basics), so that's a good sign!
good to hear that. and from you too!
  • #2,624
  • Edited 1:06am May 13, 2008 12:48am | Edited 1:06am
Hi All,

Sorry , that I have been away. But it was out of my hands.
I see that much is developing, it is much within that should be expected, as the skills develop. I however I like to caution that you must ,"return to basics" if you find that the forward movement, does not contribute to productivity.
I believe many here have a good head on their shou;der and will be able to navigate your development par excellence, as you progress.

I also realise that some of yo are begining to uncover some "hiddens" as you reread the thread. Although, I will never be giving you my MO in totality, I shall however guide you in your educatonal reaearch and quest when able. Mostly all had been given, just that it may not be obvious.
So if you do have questions, do ask. Apart from myself , I believe all here probably have their own stance to the issues, apart from ego trip reponses, I believe all can benefit from honest and polite debate.

As I shall be catching up on the reading the thread, I shall be replying to important questions, when I am able to.

regards

For those who may feel that this is stressful or too difficult.
Well all I can say is that most thngs in life seems to be very difficult , but for those who had given good thoughs and reasearch , then it becomes very simple and second nature.
It is alway most difficult when on the learning process, as many will have to reset and educate themselves new mindsets. Moreover some of you are going thru thought processes that took me some years to arrive at.
So in effects you are very intelligent, to be able to compress all the years of knowledge.
And for those who think that this is dangerous, I can only direct you to the risk disclosure staements that you sign as you undertake thi s endevour.
  • #2,625
  • May 13, 2008 1:48am May 13, 2008 1:48am
Quoting fti
Hi All,

Sorry , that I have been away. But it was out of my hands.
I see that much is developing, it is much within that should be expected, as the skills develop. I however I like to caution that you must ,"return to basics" if you find that the forward movement, does not contribute to productivity.
I believe many here have a good head on their shou;der and will be able to navigate your development par excellence, as you progress..
....
No news from you for more than one month. Very glad you come back. How have you been doing?

David
  • #2,626
  • May 13, 2008 2:03am May 13, 2008 2:03am
Quoting clockwork71
What is a fallacy is this long convoluted thread. I use TA, and make profits every week.

I also DO NOT AVERAGE DOWN. I can't believe this many people get talked into it. Amazing.

I do however, wish all of you luck.....too dangerous for me. I will stick to my sorry slow, steady gains.
Hi, clock.

Wish you could read fti's posts completely and carefully, and I think you will understand what TA falacy means by fti. And I am also sure you will learn a lot of precious wisdoms from him, a 26 year veteran trader.

I agree with you completely for the opinion of "not average down". In my understanding and practice, the rescue shall not turn into practice of loss-averaging.

In fti's posts he also stressed many times that rescue operation shall be swift and never be exposed in the market for a long time.

Some friends misunderstand resue concept but instead strengthened their mindset of refusing taking reasonable loss. That is wrong, IMHO.

Rescue for two purposes IMO, first, to solve the problem of no stop-loss order. Second, to solve the wrong timing.

Please think about difficulties of deciding stop loss price and best entry timing.

Hope I helped you.

David
  • #2,627
  • May 13, 2008 2:55am May 13, 2008 2:55am
Quoting fti
regards...
welcome back! You've been sorely missed and hope all is well with you!

regards
jest
  • #2,628
  • May 13, 2008 3:35am May 13, 2008 3:35am
Quoting fti
regards
Thank you for kind words! I hope that you are o'k and will be alright I've learnt so much from you. People who did not try your approach just wasting their time in talks... These methods needs to be tried before one can say anything about them Methods are strong and profitable, while one goes with MO, market structure and Money management. And all the time one has to remember there is no predictable future, so one must be water (most flexible person) Only with Money management it is better to be more rigid. One does not allow himself to go into adventures with sending 20 scouts immediately even if he sees so many reasons from news. (It is my experience) Best Regards,
it's o'k to win ...
  • #2,629
  • May 13, 2008 3:56am May 13, 2008 3:56am
fti is back....
...
.

We were so worry...Now it time to review and to drop the blind exploration....return to basic...clear the smoke...sweep the floor and bring some wine to the table...
Empty as water and soft as a facing wind mountain
  • #2,630
  • May 13, 2008 4:32am May 13, 2008 4:32am
Hi All,

Green_David, jest1081, zenseven, luSan, and all well wishers, Its nice to be back at FF. I am good, considering the circumstances.

Lusan, I am not sure, but from glancing thru some postings, I believe that someone slamed into the wall , huh.
What happened?
If some details can be posted , I would like to dissect to examine the situation, as I have not been current to market sequenses.

Anyway remember not to trade against the trend, also be weary when there are strong impluse waves. those are prilimanry signs to possible change in market undercurrents.

I am catching up with the thread which I missed, more coming into radar soon.

regards

PS:Lusan, not too much wine yet, but surely the floor should be sweeped, LOL.
  • #2,631
  • May 13, 2008 4:47am May 13, 2008 4:47am
fti, Good to see you back.

Regards,

BabeFX.
  • #2,632
  • May 13, 2008 6:20am May 13, 2008 6:20am
Quoting aud
Textor I'm here to learn. I've had this link recommended to me twice on FF
http//www.2008.worldmarkethours.com/Forex/index.htm
they have them both opening at the same time.
No problem, I'm learning too.
The best advice is to read the whole thread.

Rgs,

Textor

PS: You can also download this:
http://www.symmttm.com/download_symmtime_access.asp
  • #2,633
  • May 13, 2008 6:47am May 13, 2008 6:47am
Quoting Green_David

Rescue for two purposes IMO, first, to solve the problem of no stop-loss order. Second, to solve the wrong timing.

Please think about difficulties of deciding stop loss price and best entry timing.
That was clear my mind.............
I Deeply Love My Virtual Life In Virtual World , RLC
  • #2,634
  • May 13, 2008 7:00am May 13, 2008 7:00am
Quoting fti
Hi All,


Lusan, I am not sure, but from glancing thru some postings, I believe that someone slamed into the wall , huh.
What happened?
If some details can be posted , I would like to dissect to examine the situation, as I have not been current to market sequenses.
No much...I was on the road with 50 pips on my pocket and then the train came and hit me hard...I mean: the news...

The night before I decided to get out if I found myself with a 2 % loss...the next day the train came while dancing, hit me hard, broke some bonds, and I lost 1.75 % ... I said, 'ok, that was the plan." then I saw that I was a fool. I felt into the trap by mixing styles and not listening to PA music.

the problem? dancing during news release...
solution: track the news and do not dance when major news are coming out... you told us many time

the problem? setting 2 % exit limit...crazy!
solution: exit whenever PA says so, whenever the trend is broken, set a yellow surrender line.

My back still hurt from the accident...others look into USD/CHP hedging...me? I have my surrender line...

Actually, we have no agreement on when to surrender...when to take a loss..I do not remember your thoughts about it.

No much real dance lately due to travelling and too stressful personal issues...back into the trenches, I hope, on Thursday or Friday...

Really really welcome back...we did miss you a lot...take care of your health and go slow.
Empty as water and soft as a facing wind mountain
  • #2,635
  • May 13, 2008 8:37am May 13, 2008 8:37am
Quoting luSan
No much...I was on the road with 50 pips on my pocket and then the train came and hit me hard...I mean: the news...

The night before I decided to get out if I found myself with a 2 % loss...the next day the train came while dancing, hit me hard, broke some bonds, and I lost 1.75 % ... I said, 'ok, that was the plan." then I saw that I was a fool. I felt into the trap by mixing styles and not listening to PA music.
Hi, Lusan,

Your trading time is only one hour. That is difficult, IMHO. The news could be your friend or your enemy.

David
  • #2,636
  • May 13, 2008 8:54am May 13, 2008 8:54am
Hi, fti! Good to see you back. I wish you to get well soon. And could you please show lusan and all of us an example when to surrender is a good decision and better maybe a few of them.
Alex
  • #2,637
  • May 13, 2008 12:08pm May 13, 2008 12:08pm
Welcome back Fti. You had many of us worried for you. Glad to hear you are on the mend and will be slowly joining us again when your time and health allows, you have been sorely missed by all.

All the best,
NP
  • #2,638
  • May 13, 2008 1:02pm May 13, 2008 1:02pm
I am glad to hear that fti is feeling better. welcome back.
  • #2,639
  • May 13, 2008 2:21pm May 13, 2008 2:21pm
Hi fti

I am very very pleased to see you back. Many of us were worried about you and weren't sure whether you were attending business or health reasons.

Please look after number one and it's good to see you back.
  • #2,640
  • May 13, 2008 9:09pm May 13, 2008 9:09pm
fti ... good to have the star of the show back. Hope you are doing well and can stay with us a while. Hope you can continue to teach and guide us as we learn/struggle our way through this.
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