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Technical Analysis Fallacy

  • #3,721
  • Jul 22, 2008 10:17am Jul 22, 2008 10:17am
Quoting Green_David
Hi, FTI.

Now we see the fact!

Great job! Only one word for you: WONDERFUL!

When you attack, it's terrible and very impressive!!!

I did almost the same thing, but my time frame is bigger. My scout of yesterday is still in. Btw, if E/U closed below 5827, we will see a outside revarsal bar on daily chart.

P.S. When you are trading I did not bring the questions or discussions, worried that my opinion may affect other guys' trading.
Hi David,
Thanks for the kind words.

This attack was mild , as I was caught on wrong side earlier.
Took too long for my dinner.
If you think this is scary, you should see me when I have much foreign capital. LOL

Its nice that you didi capture the move.
But only thing that disturbs me is the time frame that you use.
Having said that I do realise that different people have different time perspectives and I am not advocating that everyone be like me.

It is just that from experience . I cannot see anyone on other time frames doing good performance. As you gain experience you may come to this realisation.
The market she demands much from traders, otherwise you may experiences, subtle timing problems in handling her tempo.

Nevertheless I do respect your time constrains. People have lifes to live , unlike me who's married to her.

regards
  • #3,722
  • Jul 22, 2008 10:18am Jul 22, 2008 10:18am
Quoting fti
Ok, now free to chat.

anything?

For me it is somewhat unbelievable, but are you really dancing without any kind of market information other than that, which you are reading in your charts?

Yes I have read the whole thread and I know your answer will be "yes".

But I still have to get used to this way of feeling the market. I'm feeling much more confortable, when I have some market news/rumors at my side.

For example when I get some hints, that the CBs will do some action, I'll play with reduced sizes ...
When I know the japan importers will have a strong demand on USD, than I can dance much better ...

And you are completely "naked", bare of this kind of info???
  • #3,723
  • Jul 22, 2008 10:25am Jul 22, 2008 10:25am
Quoting MaMood
For me it is somewhat unbelievable, but are you really dancing without any kind of market information other than that, which you are reading in your charts?

Yes I have read the whole thread and I know your answer will be "yes".

But I still have to get used to this way of feeling the market. I'm feeling much more confortable, when I have some market news/rumors at my side.

For example when I get some hints, that the CBs will do some action, I'll play with reduced sizes ...
When I know the japan importers will have a strong demand on USD, than I can dance much better ...

And you are completely "naked", bare of this kind of info???
Hi MaMood,

While at the banks, I always had good info and paper sightings, keeping me much more informed.
But now that I am on my own, sorry no such liberties.

Moreover , even hile at the banks, I didn't dpended on too much. Once I could get the info to time and in the ride , I just watch her behaviour, more than anything. As my focus is very intense on price gyration, thoughts on other issues get in the way of the focus.
But of course when she behave AB normal, then I seek to see if there is any reasons why.
Others opinions and info, jus gets in my focus span when on rides.
If my style , is suits you, will will get to theis appreciation, as you go along.

regards

While trying to show my blotter live, I did missed 2 hits while trying to report to thread one of which was the last attack at 78, the hit was supposed to have been at 82 and another 5 at 78. Fortunately I pumped the 8 @78 and couldn't go further on the 5 as I was miss timed and out of sync for a little there. That was a little expensive.
  • #3,724
  • Jul 22, 2008 10:33am Jul 22, 2008 10:33am
Quoting fti
Hi MaMood,



regards

While trying to show my blotter live, I did missed 2 hits while trying to report to thread one of which was the last attack at 78, the hit was supposed to have been at 82 and another 5 at 78. Fortunately I pumped the 8 @78 and couldn't go further on the 5 as I was miss timed and out of sync for a little there. That was a little expensive.
FTI,

Once again thanks for taking the time to update, the info is very valuable and as all can see costly at times for the author.

We be sitting just above 83/90 level, interested to see if it will crack before lunch/today.

regards,

a
  • #3,725
  • Jul 22, 2008 10:34am Jul 22, 2008 10:34am
Hi,
If there is nothing else, I shall take my leave ,
The NY afternoon session , these guys dance weird
with possible gapping jerks , so I have to be very on the ball.

I hope many of you, enjoyed the ride along.

Trade well, Good fortune.

regards

Now where did she go,
turn my back for a while and she disappears.
Naught girl !
  • #3,726
  • Edited 11:00am Jul 22, 2008 10:39am | Edited 11:00am
Quoting fti
As my focus is very intense on price gyration, thoughts on other issues get in the way of the focus.
I think that is the key word for me Intense focus, I noticed my trading is good at a level of intensity but maintaining that consistently is another story.

Here is a genius who mentioned you have have a certain level of concentration and then the success is yours

Inserted Video


Regards
  • #3,727
  • Jul 22, 2008 10:40am Jul 22, 2008 10:40am
Quoting fti
Hi MaMood,

While at the banks, I always had good info and paper sightings, keeping me much more informed.
But now that I am on my own, sorry no such liberties.

Moreover , even hile at the banks, I didn't dpended on too much. Once I could get the info to time and in the ride , I just watch her behaviour, more than anything. As my focus is very intense on price gyration, thoughts on other issues get in the way of the focus.
But of course when she behave AB normal, then I seek to see if there is any reasons why.
Others opinions and info, jus gets in my focus span when on rides.
If my style , is suits you, will will get to theis appreciation, as you go along.

regards

While trying to show my blotter live, I did missed 2 hits while trying to report to thread one of which was the last attack at 78, the hit was supposed to have been at 82 and another 5 at 78. Fortunately I pumped the 8 @78 and couldn't go further on the 5 as I was miss timed and out of sync for a little there. That was a little expensive.
Thanx for your patience, the time you spent and at least the not earned pips!!! You comments are vv helpful.

And yes I'll go along with your style of trading. Since I started to do so, my book was allmost all the time safe.
I hope you'll stay for a long time with us here in FF.
  • #3,728
  • Jul 22, 2008 10:51am Jul 22, 2008 10:51am
Quoting fti
Hi David,
Thanks for the kind words.

This attack was mild , as I was caught on wrong side earlier.
Took too long for my dinner.
If you think this is scary, you should see me when I have much foreign capital. LOL

Its nice that you didi capture the move.
But only thing that disturbs me is the time frame that you use.
Having said that I do realise that different people have different time perspectives and I am not advocating that everyone be like me.

It is just that from experience . I cannot see anyone on other time frames doing good performance. As you gain experience you may come to this realisation.
The market she demands much from traders, otherwise you may experiences, subtle timing problems in handling her tempo.

Nevertheless I do respect your time constrains. People have lifes to live , unlike me who's married to her.

regards
Hi, FTI:

Thank you for your encouragement. And I do applogize for my that stupid post.

And a small question, you wrote "attack AND rescue standby" at the same time in your previous posts, wonder why?

Contrary to Leigswww, I emphasize on the "attack", since when attacking, it most probably is following the trend of time frame as per. And as price goes in my favarite, actually the risk is becoming less.

I got complaints again today, I closed most of the positions @5845. Timing is really impotant. But anyway, as you has taught, as long as got positive pips, it is alright.

Today is great showcase and lesson of how you traded. So great you can change operation mode as fast as the market. I think it is priceless, really. Thanks a lot.

David

@MaMood

I remember in the book "Reminiscenses of a Stock Operator", Livermore said, "your relationship with the market is NOW, you can wait for the reason, but you have to act immediately, otherwise you will be left behind". This is the same with what FTI has said.
  • #3,729
  • Jul 22, 2008 11:08am Jul 22, 2008 11:08am
Quoting Green_David
....

@MaMood

I remember in the book "Reminiscenses of a Stock Operator", Livermore said, "your relationship with the market is NOW, you can wait for the reason, but you have to act immediately, otherwise you will be left behind". This is the same with what FTI has said.
Hi David,

yes I remenber that part of the book and of course it is right without a question.
Where information was used in my way of trading till I found fti's thread, was to get better odds, a better probability for the risks I took. For example: When I'm driving a car and I know that there is a blind bend in front of me, I'll will go on without trying to overtake the car in front of me ...
  • #3,730
  • Jul 22, 2008 12:02pm Jul 22, 2008 12:02pm
excellent attack sequences ... amazed ... the skew went crazy big ... i cant seem to add to winning ... just yet ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,731
  • Jul 22, 2008 12:16pm Jul 22, 2008 12:16pm
WoW, well done, fti!!

That's why you're the PRO!

I'm going to have to take leave of this thread as my style now is just totally different, lol, thus I really would have nothing of value to contribute to this thread anymore, but I didn't want to leave without at least saying goodbye and telling you guys that it has been such a pleasure discussing things with all of you!!

I have learned soooo much from fti and others, and all the discussion from everyone here!!

Please DO NOT post your condolences/goodbyes, haha, cuz I TRULY do not want to have unnecessary posts clutter up this thread. I almost hesitated to post this, but I knew that if I didn't, people would wonder why I was not posting here anymore and I didn't want it to be misunderstood as anything but the fact that I just have nothing more to contribute, lol.

No, seriously, PLEASE respect my wishes, if ever I asked anything of you, I ask that you DO NOT post in response to my post. fti, this means you too, you can email me if you have to, but nothing more here. And those who already have my email, please DO NOT give it out to anybody else. Again, please respect my wishes.

Anyway, thanks ALL ... for the experience, FUN, and enlightenment! I have grown so much because of all of you!!

Take care, be well and much success with your trading!!!!!

fti ... you are soooo awesome and incredible, no words can express!! Your teachings have been so valuable, you have a talent that will make your life so worthwhile to have shared and benefited the lives of so many!!! So, train them well ... oh, and I'll leave my whip for you, just in case, lol.

Just know, that I have valued so much our friendship!!
  • #3,732
  • Jul 22, 2008 12:18pm Jul 22, 2008 12:18pm
Quoting maheswara
excellent attack sequences ... amazed ... the skew went crazy big ... i cant seem to add to winning ... just yet ...
...you see why I awoke up at 3:30 am...fti is the best teacher around...all that is takes is to surrender to naked trading...which is not really easy...watch out!...he tell us that it takes 2 years to be proficient...a suggestion: keep your sizes small..
Empty as water and soft as a facing wind mountain
  • #3,733
  • Jul 22, 2008 12:35pm Jul 22, 2008 12:35pm
Quoting luSan
...you see why I awoke up at 3:30 am...fti is the best teacher around...all that is takes is to surrender to naked trading...which is not really easy...watch out!...he tell us that it takes 2 years to be proficient...a suggestion: keep your sizes small..
yes , but boy , did u see that skew ... to add so aggressively ... u ll be stretching ur profit like anything ... there is something in my head that keeps me from winning too large , kinda like satisfaction or contended from winning small ... i think after seeing fti attacks i wont be liking small wins anymore ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,734
  • Jul 22, 2008 12:42pm Jul 22, 2008 12:42pm
Quoting maheswara
yes , but boy , did u see that skew ... to add so aggressively ... u ll be stretching ur profit like anything ... there is something in my head that keeps me from winning too large , kinda like satisfaction or contended from winning small ... i think after seeing fti attacks i wont be liking small wins anymore ...
maheswara,

Makes you take a step back and think, hummmmm...... as it's vastly different to most conventional herd thinking. keep your eye on your average position and where you are in the skew, and remember it's much easier (mentally) to attack aggressive when using profits.
  • #3,735
  • Jul 22, 2008 12:48pm Jul 22, 2008 12:48pm
Short positions below 1.9945 with targets @ 1.9897 & 1.983 in extension
  • #3,736
  • Jul 22, 2008 12:57pm Jul 22, 2008 12:57pm
Quoting auxesis
maheswara,

Makes you take a step back and think, hummmmm...... as it's vastly different to most conventional herd thinking. keep your eye on your average position and where you are in the skew, and remember it's much easier (mentally) to attack aggressive when using profits.

yeah thinking about it , it should be as easy as rescue , but i think this needs a stronger mental ...
maybe like everything else , preconceiving this would be the initial step ...

thanks fti , showed something wonderful there ...(now i understand how you make 40% a yr without leverage)
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,737
  • Edited 1:09pm Jul 22, 2008 12:59pm | Edited 1:09pm
Quoting maheswara
yes , but boy , did u see that skew ... to add so aggressively ... u ll be stretching ur profit like anything ... there is something in my head that keeps me from winning too large , kinda like satisfaction or contended from winning small ... i think after seeing fti attacks i wont be liking small wins anymore ...
yet...you must dance small...you are not ready...I am not ready...do not forget...I felt into that trap and others too: green_david, jest...etc.

...remember his stories...the scorpions...etc...we dance/practice small until our learning curve slow down...I have been around since December...and I might be stupid, which is very unlikely... but it is now that I know how to deal with the news and other junk...

Of course, his performance is our target and he shows us what is possible...
...so stop that greed, Ok, my friend?
Empty as water and soft as a facing wind mountain
  • #3,738
  • Jul 22, 2008 1:28pm Jul 22, 2008 1:28pm
Quoting luSan
yet...you must dance small...you are not ready...I am not ready...do not forget...I felt into that trap and others too: green_david, jest...etc.

...remember his stories...the scorpions...etc...we dance/practice small until our learning curve slow down...I have been around since December...and I might be stupid, which is very unlikely... but it is now that I know how to deal with the news and other junk...

Of course, his performance is our target and he shows us what is possible...
...so stop that greed, Ok, my friend?
yup got that , lets see if we can start small attacks first ... , dun worry friend , thing that doesnt kill us , will just get us stronger ,

now i ll go back to installing linux on my ruined laptop , stupid windows ... , worst part my laptop cd rom is screwed long time ago , past 3 days been trying to install xp thru various methods (usb cd rom , usb stick drive, usb ext hdd , lan dhcp , etc...) , all failed ... now linux , smooth as hell ... lets see if i can configure trading screen from it ...
good night to all and good trading ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,739
  • Jul 22, 2008 1:35pm Jul 22, 2008 1:35pm
Just to make you smile. Dancing around the world. Literally.

Enjoy

http://antwrp.gsfc.nasa.gov/apod/astropix.html
  • #3,740
  • Jul 22, 2008 1:52pm Jul 22, 2008 1:52pm
Hi ALL,
I see you guys have been busy.

mom , will chat after cme close.

WARNING
don't be carrying too heavy Long USD overnight.
Light managable positions only.
remember when you pump water , once the pumping stops it will seek new equilibrium,
Light manageable possition shold suface.
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