Technical Analysis Fallacy

Quoting auxesis

Disliked

Not to question the teacher, just my humble observations.

1st, I agree totally about news and articles, most all are written with agenda or after the fact trying to decipher and guess.

To your comments, honestly, i doubt that many if any can see on the charts what you saw. Your time in the banks have given you a detailed eye to chart patterns that most have not or will not develop, without the same background. I just saw consolidation and dropping volume, leading normally to breakout but the cause is mostly unknown.

Everyone, hope I'm not speaking out of place, watch your methods and entries to learn, so when you enter or position, we watch not questioning if your MO or mindset is not in line, we take for granted it is.

This shouldn't be a concern as proper trades and mistimed trades both teach as long as the teacher is not left hanging out in the course of teaching/training. But to question the teacher " Hey are you doing something wrong?," seemed out of place at the time. We post expecting correction if wrong, not the other way around.

regards,

a

Ignored

Quoting fti

Disliked

You see, I got this little hangup.
I was Tier 1 and these markets are my babies.

regards

Ignored

Quoting fti

Disliked

Hi auxesis,


B the way, I would be all ears , if anyone can give me a case , for the exixtence of this thread, that an impatient lad of limited knowledge and experience may impliment this Mo without indepth understanding, and by such blow out his pockets or his savings, even his life.

Ignored

Quoting fti

Disliked

B the way, I would be all ears , if anyone can give me a case , for the exixtence of this thread, that an impatient lad of limited knowledge and experience may impliment this Mo without indepth understanding, and by such blow out his pockets or his savings, even his life.

Ignored

Quoting MaMood

Disliked

Hi fti,

sorry for beeing late - it's not my normal time for beeing in here.
First of all: Congrats to your 90% recovery so far.
Thanks for taking the time.
Thats my nature, I have little tolerance for losses.

Now to your question.

I felt your problem that night, but I was hesitating to bother you stronger, than I did with my hint about your mindset.

It's my problem/fault, that I felt not strong enough/not empowered to admonish you.
You are the Pro. You see so much more in the charts, than most of us. Most of the time long before us. So I thought that it wouldn' t be a good idea to complicate your trouble/situation more with my thoughts.

What I detected was the following:

You did your trades not baesd on the PA. You had some expectations for the the near future, how the market had to move due to the very bad news for USD.
you may understand why, if you read a few postings back.
You gave me very clear hints with your repeatedly question concerning the CBs and some abnormality in trading volume. That pointed out, that you were focussed on your expactations and not on PA. The fact that you asked repeatedly and the way you asked showed me, that you were distressed. You were bullheaded in your idea, how the market has to react to that news.
No coolness, not enough distance to refocus on the "real" PA.
I dectected unseen handsin the market , moreover I detected market maker, reluctance to participate. Noticed how the market just dried up.Some thing was wrong. I feared if the unseen hand was CB. Over the years , the only market hands I fear is CB OMO. I had been invoved in such and from my exoperiences I know what it is capable of, others I know I can handle. I kept checking for CB presence, because that would be the que for me to bail out. Only that I couldn't see them anywhere, And I didi check many avenues. Then I became agitated that the stealth USD buying could riot the market. The rest you know.

Sorry, but in the future I'll pluck up one's courage and give my thoughts to anyone, that I detect is in trouble.
Silly, there's nothing to be sorry for. Only that this episode prompts me, If anybody understands what I had presented. And my frends made some comments.

By the way: It's very difficult for me to express my thoughts in written english. Not sure, that they are clear to the reader. By no means my writing should be offending to anyone.
No one should fear to be offensive, when they give comments honestly and politely.

Hope you'll stay with us in the future.
I/we have so much more to learn.
I/we admire our trainer!
I/we need our trainer!
Thank you for your kind words, I will KIV this , in my thinking fro a decision. You had been most generous in your participation in this thread. I commend you for it.

Best regards,
MaMood

Edited:
Oh I forgot to answer your question. I think at a certain point of time you noticed that something was going wrong. You reevaluated the situation and decided to close your positions as soon as possible. That was undoubtedly pro-like!!!

Ignored

Quoting fxa

Disliked

You intuitively felt, that something is is fishy in your mental framework
(something external had disturbed it and based on that
disturabance you did entry based on fundamental analysis,
rather than plain PA).
When you realized that, you closed your position immediately.

Actually it was excellent example of situation, when
"a broken system realizes by itself (with no supervisor)
that is broken, then presses big red button, then reshape/repair".
I wish I had such ability soon

Apologize if it sounds roughly, no intended offense.
-fxa

Ignored

Quoting fti

Disliked

Hi ALL,

I am less than 10% from full recovery of the loss booked.

Leave it to the boss to do that in a day, especially with little market movement.

I am actually at the moment thinking very deeply over this training exercises I had presented to help some people here. Please do not mistaken that anyone had been anything, but great people. and I had great pleasure sitting amongst you.

It is just that there are real dangers of this way of training. On last count, I do not believe there is anyone here that is fully practising the training as it should. The few that I thought, had understood, seems to had developed their own cute looking horses. You see, all styles of trading can make money in the short term ( for a few months.) but to for it to be a viable business or retirement plan, performance must be consistent and mostly safe.

Although we havn't come to the point of exact reflection of your method I believe all are progressing as we have the desire and want to.
Although as slow as the emperor moth, doing so at the best of their ability.
With the risk that we take it is within the first pages you posted we find the power of money management,mm,mm,mm and with that we can learn.

These issue arised for me, because I had stumbled the last bad trade. The loss has nearly been recovered already. Please don't worry about that. In hindsight analysis, it seems that I had developed a form of rigidity, which was identified from the episode. Where did that coome from?? What was disturbing was that as I was straying off, many were actually encouraged and there were few whistles and alarms that came from you, "the trained".

All are on there own when decisions are made just like anywhere else in life.
I purposely did not post as men were at work and I just a boy.
I mentioned to you that I'd rather see you get your rest so your refreashed the following day, as you were online a good portion of the prior 24 hrs.
I was concerned about the commander doing the generals work as the general was irritable and edgy not diciplined and calm.
I did wonder why after mentioning that the e/u 5736 area told you heaps, it was ignored. Did it seem necessary for a contingentsy plan after you were told heaps?
Myself I stayed with what it was telling us so I was not strayed.

Fro that, Iwould have to conclude that either none of you understands what has been presented and not practising it, or that none of you dared to sound. (which is not a good thing). Either way I looked at it, there was no grounds for me to stand on.

I do understand that it is also very disfficult for many here to understand all that I had presented due to that you probably had different MOs before I came along. And moreover, it was difficult even when I was training live to my boys,and they were under payroll and had to adopt my style or head out the door.
I try to post my thoughts so you know where I stand so I'm able to recieve reminders, guidence and direction to further progress in reflecting the method were striving for. Also if theres ever a question of how I'm understanding I can be asked .

What anyone here can do is, to adopt the change, in so much as they can understand . Thats where the danger lies. I had communicated to Leighsww before that if people here adopt my style, if they do it wrong, in any aspect, it can take your heads off. And this is whats biting me. If you think about it, even Leighsww had gone in a different directions.

Leighsww was unwilling to perfect what were trying to accomplish or she would be here.

What you may not appreciate is that this Mo requires absolute discipline, because things sometimes gets scary, as the market variance come a testing its robustness. One step out of line and we will pay dearly, as was witnessed. This case it to 40%- of this month's Profits.

AOW, mm

What I have presented to all, is the components necessary for the development of the whole. I of course will not be carzy to show my protocol of operating it, not in a public forum, but I am too expensive for private engagement.. But in a way I have tried to present to best. Except for how the frame of mind was when certain steps were taken. I left that for you to figure it out for your self on what I had presented. The problem is I speculate that none is even close.

When I'm exasperated I was told to go to movies,walk,take wife out etc.
Remember emperor moth when you think of this willing group.

Remember , the difference between success or failure is only the difference of Bot or Sold. and there is a big gray zone whyby this is achieved. What I do is a very thin road , just one missed step, and it can turn out to be the highway to hell, esp with the snowballing. Consider that the bad trade was not snowballed. if I had, THINK. Something held me back , an no one here is the wiser, right? If you know what held me back m TELL ME? then you are ready.

The general was not rested.
commander not on same page as general.
You new the terrain as the water shapes its coarse you hit the damn and you recognized it, it told you heaps, possibly because of grown tired your senses were dulled and out of focus apparently mentally you did not get the sense of it or
because of your inthusiasm to beat the market your mm may not have been adjusted enough to handle the unusual market conditions that you mentioned hadn't seen much of previously.

This I have to carefully considered, not that I had considered erasing this thread so that , noone be harmed in practising it erroneously.

All has been given in the early pages of this thread to take anyone off the street to prepare one for this education so they can safely develop into a trader, namely me.

What was pumped directly at me, which I agree is correct is,
"Hey,(me) you haven't given them the whole thingy, they are left to their own interpretations and style. They probably do not understand. you know they may not be so experienced. So can you blame them? YOU , my friend is at fault, and may be doing them a dis-service by providing them the bullet to blow their brains out.."

We don't need the whole thing, theres plenty of basics that are being incorperated as our metamorphosis continues.

The things mentioned are the reminders this inexperienced student gives himself as he reviews his own generals actions and is also open for constructive criticism.

thanks again
Battlestations

regards

Ignored

Quoting onedrop

Disliked

FTI it is understandable you feel this way, after making a bad trading decision and watching your men bleed to death on the field -- and nobody here said anything.

I don't think it is right to complain that nobody here trades like you, because you have not really shown how you trade. I like your teaching style because it forces the student to go and apply the principles and see for himself, learning by trial and error, verifying things for himself instead of just accepting things as true. But if all you tell us is "dance!" how can you complain that nobody is dancing like you. Obviously, each person is gonna adopt it to their style as best they can, unless you show us a better way.

The first dozens of pages of this thread focus on mindset, attitudes, emotions and a bit on market structure. This stuff is all really important, and none of it is gonna make an "impatient lad" go out and blow his pockets. If anything it will help him. That said, reading a few articles on the structure of forex markets is not gonna give me the same insight and understanding as you have, with decades of first hand experience under your belt. But at the same time, I make better trading decisions after studying what you presented on the subject.

Then, the AOW -- again in itself, it is not dangerous information. But also it could be applied a thousand different ways, each person having a different interpretation and temperament, a different style of dancing and conducting warfare.

Then, some stuff on MM, position management, etc. This stuff yes it can be dangerous if applied in the wrong way, and it can get very aggressive very quickly especially if the trader is too eager or lacks discrimination.

This seems to be your main area of concern. People are applying it in the wrong way and/or they are too eager (impatient lad with little understanding and experience).

Speaking for myself, I have spent two months demo trading according to the principles in this thread. I am up 90% on that demo account, which is not bad, maybe it was a lucky two months, time will tell. I can guarantee that I do not dance like you do. But I am not blowing out my pockets either. Only an idiot would go out, open an account with his life savings, and start snowballing trades with no discrimination.

Maybe you need to accept that there will always be idiots, and that there is nothing you can do about it.

Also if you are not willing to share concrete details of how to apply the principles, how to dance, you need to accept that everyone is gonna dance in their own style and some of us are bad dancers.

I am not suggesting that you have to share these details, but if you don't, you have to accept some ugly three-legged ponies wandering around.

Thanks a lot for all you have shared, you have helped turn me into a better trader.

Ignored

Quoting fti

Disliked

LOL, here's to performing and mentoring.
http://www.youtube.com/watch?v=Jpg-KIKD5gU

Ignored

Quoting fti

Disliked

LOL, here's to performing and mentoring.
http://www.youtube.com/watch?v=Jpg-KIKD5gU

Ignored