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Technical Analysis Fallacy

  • #4,741
  • Aug 3, 2008 4:32pm Aug 3, 2008 4:32pm
Quoting Cobra
It certainly does sound like " mindless dribble".
When luSan started his own journal about this method he explained the whole system in his opening thread. Fti took his readers on a long and boring trip to make his point. ( as if he is explaining rocket science to a bunch of pre-school children) I am referring to the war stories etc.

Your system is one of adding to negative positions ( martingale/ and or a variation thereof) . I personally have nothing against your method. I do something similar and it works!

It is your way of explaining , creating perceptions that only you can dance the perfect dance and only you can really read the market. You remind me of a certain member here on FF by the name of Twoblink and his secret sauce thread. Newbies flocked together in his thread expecting him to release the grail. It never happened ( as expected) and he dissapeared from the scene.


Again: Straight to the point opinions and teachings is what traders want.
Your method is easy and you do not have to go into lengthy lectures and funny stories resulting your readers in writing essays back to you wherein they try to interpret your teachings. Mindgames!

Now for those who want to flame me for this....the floor is yours!
I have a straight opinion to share with you: find another thread to spread your anger. If you are experienced, you will not find much new here. But don't jump in with such a distructive attitude.
  • #4,742
  • Edited 6:36pm Aug 3, 2008 6:12pm | Edited 6:36pm
Quoting luSan
Sorry jest, I do not read 1H candles...1H shows all consolidations and news impacts...difficult to read...Still 1H does look like a E+A double top...I marked the 1D where I would say that we have a bullish dollar...a bearish engulfing...

Edit: I just got back from a nice walk with my wife...thoughts...if 1D is not clear, then the 1H might be very usefull...b/c I think that early trend actions start ALWAYS from the short frame to the long frame..-see post #1420-....still we have to choose either (1) stay out and wait for the 1D trend or (2) take the 1H trend we the awareness that things could go either way...you know, bears and bulls fighting things out...
Hi Lusan,

First things first.
I'll get to the fiasco later,
for now battlestations.
I don't know what you people are seeing on the charts.

Heres my take ,
Market is in USD bull mode.
The daily indicates possible retracements,
Zone A will be test area zone B is the ceiling.
Depending on how the short charts will dance, that is the plan.

Zone C indicates full reversal,

otherwise is short chart impulses downwards then there should be free fall.

Now checking calander of events for today.

No impact figs, just watch factory orders for some efffect.


regards
Attached Image
  • #4,743
  • Aug 3, 2008 6:19pm Aug 3, 2008 6:19pm
All trades EUR/USD
Bx2 15569 -----scout

Bx1 65
  • #4,744
  • Aug 3, 2008 6:33pm Aug 3, 2008 6:33pm
Quoting fti
Hi Lusan,

First things first.
I'll get to the fiasco later,
for now battlestations.
I don't know what you people are seeing on the charts.

Heres my take ,
Market is in USD bull mode.
The daily indicates possible retracements,
Zone A will be test area zone B is the ceiling.
Depending on how the short charts will dance, that is the plan.

Zone C indicates full reversal,

otherwise is short chart impulses downwards then there should be free fall.

Now checking calander of events for today.

regards
No trading until tomorrow morning...family and high oanda spread...

We were discussing the confirmed dollar bull run...Bearish OB...talked about current bear trend...you went one step further, brought the issue to NOW...Thanks...

PS.: Just finished a long marathon of 100 pages...2 days of reading...tired!
Gosh....so many good posts!
Empty as water and soft as a facing wind mountain
  • #4,745
  • Aug 3, 2008 6:41pm Aug 3, 2008 6:41pm
To the more experienced forum members.

Was just wondering ,
is there any possibility of keeping people from lurking in the thread/
If they do not introduce themselves , then they hide like ghost in here.
I feel that, thats a bit rude.
Too much possibilities of "shadowless knifes."
Is there possibilities of banning people from this thread as well?


regards

Bx 3 x 70

Not that I am against people wanting to learn quietly,
but I am receiving too much rubbish off thread.
I am considering disallowing my email access.
But that would lock out people who have genuine, personal questions.
  • #4,746
  • Aug 3, 2008 6:45pm Aug 3, 2008 6:45pm
Quoting Cobra
It certainly does sound like " mindless dribble".
When luSan started his own journal about this method he explained the whole system in his opening thread. Fti took his readers on a long and boring trip to make his point. ( as if he is explaining rocket science to a bunch of pre-school children) I am referring to the war stories etc.

Your system is one of adding to negative positions ( martingale/ and or a variation thereof) . I personally have nothing against your method. I do something similar and it works!

It is your way of explaining , creating perceptions that only you can dance the perfect dance and only you can really read the market. You remind me of a certain member here on FF by the name of Twoblink and his secret sauce thread. Newbies flocked together in his thread expecting him to release the grail. It never happened ( as expected) and he dissapeared from the scene.


Again: Straight to the point opinions and teachings is what traders want.
Your method is easy and you do not have to go into lengthy lectures and funny stories resulting your readers in writing essays back to you wherein they try to interpret your teachings. Mindgames!

Now for those who want to flame me for this....the floor is yours!
Why rant? If you don't like it don't read it. You have a choice. Why do you choose to vent your frustration here like a little child. Its arrogant. I enjoy reading this "mindless dribble" and I don't want him to stop, why do you have to come here and make people feel bad because they're not doing things your way????
  • #4,747
  • Aug 3, 2008 6:46pm Aug 3, 2008 6:46pm
Good morning everyone,

more negative lurkers posting....i think they should be totally ignored in future... this thread is full of kind, intelligent generous people who know that their trading has improved under the guidance of fti.

luSan .... please do not be upset... you have worked hard and given so much and should feel very proud of yourself

fti.... i have started reading paper money... i read several reviews about it being boring.. cannot understand why, i am finding it very entertaining as well as educational...have you read his other books?

joy
  • #4,748
  • Edited 7:31pm Aug 3, 2008 7:01pm | Edited 7:31pm
Quoting joypips
Good morning everyone,

more negative lurkers posting....i think they should be totally ignored in future... this thread is full of kind, intelligent generous people who know that their trading has improved under the guidance of fti.

luSan .... please do not be upset... you have worked hard and given so much and should feel very proud of yourself

fti.... i have started reading paper money... i read several reviews about it being boring.. cannot understand why, i am finding it very entertaining as well as educational...have you read his other books?

joy

Hi joypips,

No, it take a lot of references, before I touch reading materials.
Unless things comes highly recommended from buddy sources, I don't indulge. This is due to limited time and attention span. Or if materials comes from research references and investigations. I guess am not as well read as I would like to be.

Moreover , there's too much "junk" floating around, mostly rehash of other ideas, so lots of repetition.

regards

Bx1 x73

sx6 x76

bx3 x78
  • #4,749
  • Edited 8:38pm Aug 3, 2008 7:48pm | Edited 8:38pm
bx2 x75

bx3 x 79

bx 3 x75

sx 20 x 75

sx 5 x 73
  • #4,750
  • Aug 3, 2008 8:09pm Aug 3, 2008 8:09pm
Quoting fti
To the more experienced forum members.

Was just wondering ,
is there any possibility of keeping people from lurking in the thread/
If they do not introduce themselves , then they hide like ghost in here.
I feel that, thats a bit rude.
Too much possibilities of "shadowless knifes."
Is there possibilities of banning people from this thread as well?

FTI,

I'm not sure if FF has this function, the old M'tec site (now a dead boneyad) had private rooms with controlled access. That might be a good "New" addition to the site if any Mods are tuned in?????

fwiw,

a
  • #4,751
  • Aug 3, 2008 8:15pm Aug 3, 2008 8:15pm
Quoting Cobra
It certainly does sound like " mindless dribble".
When luSan started his own journal about this method he explained the whole system in his opening thread. Fti took his readers on a long and boring trip to make his point. ( as if he is explaining rocket science to a bunch of pre-school children) I am referring to the war stories etc.

Your system is one of adding to negative positions ( martingale/ and or a variation thereof) . I personally have nothing against your method. I do something similar and it works!

It is your way of explaining , creating perceptions that only you can dance the perfect dance and only you can really read the market. You remind me of a certain member here on FF by the name of Twoblink and his secret sauce thread. Newbies flocked together in his thread expecting him to release the grail. It never happened ( as expected) and he dissapeared from the scene.


Again: Straight to the point opinions and teachings is what traders want.
Your method is easy and you do not have to go into lengthy lectures and funny stories resulting your readers in writing essays back to you wherein they try to interpret your teachings. Mindgames!

Now for those who want to flame me for this....the floor is yours!
Cobra,

While this is an open forum, the one thing that has separated this thread from the vast majority of the other threads here, is the fact that the community has been very helpful and supportive of each other, without negative criticisms .

You have said your peace, now please take it somewhere else.
  • #4,752
  • Aug 3, 2008 8:39pm Aug 3, 2008 8:39pm
Inserted Video


order sell x2 x74 working
OK done. dang so hard to get fill.
Mmaker
luquidity vv thin
  • #4,753
  • Aug 3, 2008 8:50pm Aug 3, 2008 8:50pm
Quoting fti
http://www.youtube.com/watch?v=S4i-cOv69tw

order sell x2 x74 working
OK done. dang so hard to get fill.
Mmaker
luquidity vv thin
Market has no heartbeat at the moment, I think you're the only one trading,
  • #4,754
  • Edited 10:17pm Aug 3, 2008 8:58pm | Edited 10:17pm
Quoting auxesis
Market has no heartbeat at the moment, I think you're the only one trading,
Not really, there is a couple hundred $$ trading probably,
but liquidity is rather thin.

Anyway scout and positioning in problem, it bleeds

standby rescue L1

range too tight, looking at strategic options, standby.
Upswing test expected,
Do not allow skew to carry too large position into the test.
Otherwise rescue would be difficult. Maintain steady build up.
Both side range still in play (possible)
Strategy to restart skew buildup as initial skew
base 3 , 1.1.2.3.5.8.limit

Sx3 x83

Ok lunch coming up in 10 mins.

Position recap
sX 18 X 1.55757

have a nice lunch, cu later.
  • #4,755
  • Aug 3, 2008 10:46pm Aug 3, 2008 10:46pm
Quoting fti
http://www.youtube.com/watch?v=YFt76gELtS8&fmt=6


beautiful song, i wish i could understand the lyrics.
knowing fti it contains a message, could someone briefly translate please.

joy
  • #4,756
  • Aug 3, 2008 11:25pm Aug 3, 2008 11:25pm
fti,

i think there is no way to stop people from reading. Im not sure if the mods are gonna allow you to do a james16 private forum. They're official partners.

I agree that its getting a bit of an annoyance. Im not sure if they have read the whole thread before deciding to pass comments but thats allright, we'll just have to live with it.

Else you may want to come into contact with the Mods to see if you can create some sort of membership? It'll make u a bit too commercial tho and i dont think thats your cup of Tea.

Nevertheless, the infomation that you have shared in here...its worth more than what people think... or you think for that matter, its priceless and you gave it away for free.

PS : Will i receive an infraction if i tell somebody to fuck off?
  • #4,757
  • Aug 3, 2008 11:35pm Aug 3, 2008 11:35pm
Sx2 x 80
  • #4,758
  • Aug 3, 2008 11:39pm Aug 3, 2008 11:39pm
Hi, fti, Lusan:

Well we can't expect every person to agree with your MO completely. Maybe some people didn't lose money enough, or haven't stayed in this market long enough to understand every thing. And maybe some people will never understand forever no matter how hard you teach them. And these kind of people will never make a success in this market.

Best reponse to some annoying or non-constructive post is, no reponse. Ignorance to such kind of post is best reply.

Don't be upset for these trouble-makers, several days later and when you banked in pips, you will forget it.

Seems E/U hesitates when approachin 5600. I will wait and see until European session begins.
  • #4,759
  • Aug 3, 2008 11:41pm Aug 3, 2008 11:41pm
Quoting jest1081
fti,

i think there is no way to stop people from reading. Im not sure if the mods are gonna allow you to do a james16 private forum. They're official partners.

I agree that its getting a bit of an annoyance. Im not sure if they have read the whole thread before deciding to pass comments but thats allright, we'll just have to live with it.

Else you may want to come into contact with the Mods to see if you can create some sort of membership? It'll make u a bit too commercial tho and i dont think thats your cup of Tea.

Nevertheless, the infomation that you have shared in here...its worth more than what people think... or you think for that matter, its priceless and you gave it away for free.

PS : Will i receive an infraction if i tell somebody to fuck off?
Hi jest,

Yeah, that won't be my cup of tea.

I think you would be an infraction to use unbecoming language.
In many ways , Christ taught very clearly,
In such situations, forgive them for they no not what they do.
To emulate them would be degrading to oneself.
If we can get away , to do so swiftly.
But I guess in this case , it would be difficult.
So I guess forgive them and pray for them to realise their err.
Thats about all we can do.

regards

Sx 3 x 84
  • #4,760
  • Aug 3, 2008 11:48pm Aug 3, 2008 11:48pm
Quoting Green_David
Hi, fti, Lusan:

Well we can't expect every person to agree with your MO completely. Maybe some people didn't lose money enough, or haven't stayed in this market long enough to understand every thing. And maybe some people will never understand forever no matter how hard you teach them. And these kind of people will never make a success in this market.

Best reponse to some annoying or non-constructive post is, no reponse. Ignorance to such kind of post is best reply.

Don't be upset for these trouble-makers, several days later and when you banked in pips, you will forget it.

Seems E/U hesitates when approachin 5600. I will wait and see until European session begins.
Hi DAvid,
Yes, My position is building quite a bit without good movement.
Will probably half it into London, lets see.

regards

Position recap
S x 23 x 15577
75 traders viewing now