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Technical Analysis Fallacy

  • #3,761
  • Jul 23, 2008 2:45am Jul 23, 2008 2:45am
Quoting fti
I guess many can handle it from here fine. Test yourself out. This is good training ground. Be nimble !
Well it seems that you have alot of good students! One of the biggest lesson taught by you is identifying impulses, i usually take notice impulses on the 5mins and 1hr frames. If i caught it on the 5min, its almost a 100% homerun for the day, if the hourly impulse is strong, it usually becomes a knock out trade, high tea for me wife. lol. The rescues still makes my fingers cold.
  • #3,762
  • Jul 23, 2008 3:04am Jul 23, 2008 3:04am
Just for info:

be aware of pubishing the MPC Meeting Minutes (GBP) at 0830 GMT.
  • #3,763
  • Jul 23, 2008 3:08am Jul 23, 2008 3:08am
Quoting MaMood
Just for info:

be aware of pubishing the MPC Meeting Minutes (GBP) at 0830 GMT.
Noted , thanks, MaMood.
  • #3,764
  • Jul 23, 2008 3:10am Jul 23, 2008 3:10am
fti, if you really want to allow everybody to follow you then there are several options, one is a shared screen on the web with voice.. no typing. should be much faster.

before you consider that as an option I must warn you. I followed for a year a pro trader in similar environment, with 30 people in the virtual room. It was very good experience for the people who appreciated it but the trainer/trader got exhausted of all the negative people around. Now he has moved to paid service so that he can filter out the big mouth/no capital type of people. The ones that want to learn in a week and make $1000 into $100..0 (add as many zeros as you like).

to be honest I do not benefit from live trade posts because I am watching the markets at that moment (except to see how you think at various points in time depending on Price Action if I am not in myself). Especially good to see is what you do when you are wrong.. what i do benefit from is to follow up on how you do it and re-create the trades to see the structure and substance of your attacks and rescues.

good example was green_davids illustrated misfortune that you said how it should have been played out. learning by examples..
  • #3,765
  • Jul 23, 2008 3:15am Jul 23, 2008 3:15am
fti sir ,
i was readin the newspaper this morning , n noticed a Singaporean real estate agent had put up a big ad on specific luxurious apartment costing 6-7 mil sing dollars for 2500 sqft. area ...
is Singapore really that expensive ?? or this one apartment is probably at the top of the price range ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #3,766
  • Jul 23, 2008 3:26am Jul 23, 2008 3:26am
Quoting piccolo
fti, if you really want to allow everybody to follow you then there are several options, one is a shared screen on the web with voice.. no typing. should be much faster.

before you consider that as an option I must warn you. I followed for a year a pro trader in similar environment, with 30 people in the virtual room. It was very good experience for the people who appreciated it but the trainer/trader got exhausted of all the negative people around. Now he has moved to paid service so that he can filter out the big mouth/no capital type of people. The ones that want to learn in a week and make $1000 into $100..0 (add as many zeros as you like).

to be honest I do not benefit from live trade posts because I am watching the markets at that moment (except to see how you think at various points in time depending on Price Action if I am not in myself). Especially good to see is what you do when you are wrong.. what i do benefit from is to follow up on how you do it and re-create the trades to see the structure and substance of your attacks and rescues.

good example was green_davids illustrated misfortune that you said how it should have been played out. learning by examples..
Hi picolo,
Thanks for your suggestion.
Sorry, web cam is very high security risk for me.
You see, I am old man, and must do away with unnecessary attention.
I have powerful enemies.

regards
  • #3,767
  • Jul 23, 2008 3:29am Jul 23, 2008 3:29am
fti,

when i met a currency trader for a drink in New Your (what got me into this) several years ago he said that there are a lot of traders and not enough programmers.. I saw your reply to leighsww (I didn't know she did her own programming.. impressive) and after a couple years of research and programming I have turned to "naked trading".

i know that banks rely on software a lot (probably up to the bank) but I wanted to ask you, fti, how much of the currency trading in a bank is speculation and how much is just filling orders..? how much is investing? like holding a currency for interest and covering the rate exposure with some other instruments?
  • #3,768
  • Jul 23, 2008 3:30am Jul 23, 2008 3:30am
Quoting maheswara
fti sir ,
i was readin the newspaper this morning , n noticed a Singaporean real estate agent had put up a big ad on specific luxurious apartment costing 6-7 mil sing dollars for 2500 sqft. area ...
is Singapore really that expensive ?? or this one apartment is probably at the top of the price range ...
Hey maheswara.
It is that "expensive" here. Why do you think that put us into bottles after we die. Having said that you should check out tokyo, NY, London, even seoul, you may be shocked. Anyway, value is in the eye of he beholder. ome people pay millions for a painting.

regards
  • #3,769
  • Jul 23, 2008 3:31am Jul 23, 2008 3:31am
Quoting fti
Hi picolo,
Thanks for your suggestion.
Sorry, web cam is very high security risk for me.
You see, I am old man, and must do away with unnecessary attention.
I have powerful enemies.

regards
I did not mean a webcam but point taken. Let's keep it fun and easy as it is.
  • #3,770
  • Jul 23, 2008 3:32am Jul 23, 2008 3:32am
MPC Meetig Minutes are out ...

Voting 7 -2 (expected 8 -1)

One against Rate cut
One for a Rate hike!
  • #3,771
  • Jul 23, 2008 3:38am Jul 23, 2008 3:38am
Quoting maheswara
fti sir ,
i was readin the newspaper this morning , n noticed a Singaporean real estate agent had put up a big ad on specific luxurious apartment costing 6-7 mil sing dollars for 2500 sqft. area ...
is Singapore really that expensive ?? or this one apartment is probably at the top of the price range ...
you interested to get a place here? its expensive here... do me a favor mahes, join me in my prayers for prices to fall.
  • #3,772
  • Jul 23, 2008 3:40am Jul 23, 2008 3:40am
Quoting MaMood
MPC Meetig Minutes are out ...

Voting 7 -2 (expected 8 -1)

One against Rate cut
One for a Rate hike!
Thanks MaMood,
Its impact is seen in the cable now. The Eur crosses tears.
Looks like every one wants the Jap Eurodollars.
Just for clearification
"Eurodollars" are USD deposits outside the USA.
Eur/USD is called Eq pronounce as "E" "Q".

regards
  • #3,773
  • Jul 23, 2008 3:45am Jul 23, 2008 3:45am
Quoting jest1081
you interested to get a place here? its expensive here... do me a favor mahes, join me in my prayers for prices to fall.
Hey jest, don't go there.not fall, stabilise.
I've much vested interest.

regards
  • #3,774
  • Edited 3:51am Jul 23, 2008 3:45am | Edited 3:51am
Quoting piccolo
fti, if you really want to allow everybody to follow you then there are several options, one is a shared screen on the web with voice.. no typing. should be much faster.

before you consider that as an option I must warn you. I followed for a year a pro trader in similar environment, with 30 people in the virtual room. It was very good experience for the people who appreciated it but the trainer/trader got exhausted of all the negative people around. Now he has moved to paid service so that he can filter out the big mouth/no capital type of people. The ones that want to learn in a week and make $1000 into $100..0 (add as many zeros as you like).

to be honest I do not benefit from live trade posts because I am watching the markets at that moment (except to see how you think at various points in time depending on Price Action if I am not in myself). Especially good to see is what you do when you are wrong.. what i do benefit from is to follow up on how you do it and re-create the trades to see the structure and substance of your attacks and rescues.

good example was green_davids illustrated misfortune that you said how it should have been played out. learning by examples..

I don't think we should expect any live trade calls from Fti he has given us so much already in this wonderful thread. I think it is up to us to continue practising, learning and asking questions. Live trade calls are going to attract people with the wrong mindset who don't want to bother with the hard work and i would hate to see this thread destroyed, it is so precious.

Fti please continue to stretch our minds with your wonderful lessons and stories.

joy

and don't forget the music
  • #3,775
  • Jul 23, 2008 3:55am Jul 23, 2008 3:55am
joypips, I agree. Because you cannot benefit from live calls if you are trading live yourself..
  • #3,776
  • Jul 23, 2008 4:00am Jul 23, 2008 4:00am
Quoting joypips
I don't think we should expect any live trade calls from Fti he has given us so much already in this wonderful thread. I think it is up to us to continue practising, learning and asking questions. Live trade calls are going to attract people with the wrong mindset who don't want to bother with the hard work and i would hate to see this thread destroyed, it is so precious.

Fti please continue to stretch our minds with your wonderful lessons and stories.

joy

and don't forget the music
Hi joypips,
People, please do not mistaken that I will undertake to lead yur trades.
There ain't no free lunches ,only dessert.LOL
I had already showed how to fish, you must make your own effort to learn and get your own dinners.
However , when interesting happens , and I have good energies, I may just take you for a walk on the greens. sometimes.LOL

What MaMood is doing is very noble.
He's providing leads to market fundamentals,wished, the financial media would behave like such.

regards
  • #3,777
  • Jul 23, 2008 4:01am Jul 23, 2008 4:01am
Quoting fti
Hey jest, don't go there.not fall, stabilise.
I've much vested interest.

regards
omg, ive been scouting ard lately. I've much interest in park infinia and aalto at meyer rd. But i'm holding back due the the current market retracement,. I've much vesting intrest.
  • #3,778
  • Jul 23, 2008 4:07am Jul 23, 2008 4:07am
Quoting jest1081
omg, ive been scouting ard lately. I've much interest in park infinia and aalto at meyer rd. But i'm holding back due the the current market retracement,. I've much vesting intrest.
Hi
yeah bad time to buy, but its not getting any cheaper, anytime soon.

regards
  • #3,779
  • Jul 23, 2008 4:09am Jul 23, 2008 4:09am
Quoting fti
Hi joypips,
People, please do not mistaken that I will undertake to lead yur trades.
There ain't no free lunches ,only dessert.LOL
I had already showed how to fish, you must make your own effort to learn and get your own dinners.
However , when interesting happens , and I have good energies, I may just take you for a walk on the greens. sometimes.LOL

What MaMood is doing is very noble.
He's providing leads to market fundamentals,wished, the financial media would behave like such.

regards
fti, my only concern is that you don't exhaust yourself because you are too valuable.
  • #3,780
  • Jul 23, 2008 4:13am Jul 23, 2008 4:13am
Quoting jest1081
you interested to get a place here? its expensive here... do me a favor mahes, join me in my prayers for prices to fall.
but wow 6 mil dollars for a 3 bedroom apartment ... u get one for 100k -200k usd here in the heart of the city ... either ur place is overvalued or my place is undervalued...
funnily half an hour from Singapore (by ferry) , an Indonesian island called batam is comparatively very very cheap ...
To Live is the rarest thing in the world , Most people exist , that is all
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