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Technical Analysis Fallacy

  • #4,881
  • Aug 4, 2008 12:23pm Aug 4, 2008 12:23pm
Quoting Nuplanet
Hi FTI & other smart contributors in this thread,

I've been reading a lot of threads on FF since late 2006 but I actually discovered this thread around mid December 2007 but paid little attention to it.
I eventually registered as a member on FF around March 2008. Ever since, I've been digging very deep into all that you've presented here (very complex stuff but I think a lot of people here don't realize this even the so called members - sorry !!!).
I'm a quiet person by nature and I always prefer to stay quiet to assimilate uptimally. However, it will be a great dis-service not to at least say THANK YOU for all that you've freely given and for you precious time share with all of us here.

Great stuff that will keep me busy in terms of thought process, analytical evaluation & research for the next 1-2 years.

FTI, Thank you, Thank you and Thank you.

Special regards,

Nuplanet
Hi Nuplanet,
Thank you for your kind words,
You're very welcome.

Good Fortune
regards
  • #4,882
  • Aug 4, 2008 12:45pm Aug 4, 2008 12:45pm
Hi Lusan,
Are you sure there's any bulls around.
Or are you trying to squeeze blood out of stone?

regards
  • #4,883
  • Aug 4, 2008 12:48pm Aug 4, 2008 12:48pm
Quoting fti
Hi Lusan,
Are you sure there's any bulls around.
Or are you trying to squeeze blood out of stone?

regards
I gave up on the bulls...they are having a nap...I rescued my scout...and began talking to the nanies..3 bear position open and happy..let us see what the bears will say...I think it will a very short run...very shallow speed.

Edit: is everybody sleep?
Empty as water and soft as a facing wind mountain
  • #4,884
  • Aug 4, 2008 12:56pm Aug 4, 2008 12:56pm
Quoting luSan
I gave up on the bulls...they are having a nap...I rescued my scout...and began talking to the nanies..3 bear position open and happy..let us see what the bears will say...I think it will a very short run...very shallow speed.

Edit: is everybody sleep?
Hi Lusan,
Your virgin 24hrs trade day, right?
Sorry , but this is worst than twinlight zone.
There's no market at all. I think eveyones gone home.

I am done for the day.
So good morning, trade well,

CU
regards
  • #4,885
  • Aug 4, 2008 12:57pm Aug 4, 2008 12:57pm
Quoting fti
Hi Mr, G
I think its about trading to the edge, and pushing some more, Or something like that. I think this for yuppy dealers.
I'm not from that school of thoughts.
I'm more from "the book" school . "Make the book, the bottom line is king."

regards
Thank you for your response.

I have been following you thread since the beginning and I appreciate your generosity in sharing your experience and mindset of a true trader. I do agree with you 100% - "Make the book, the bottom line is king" and follow the flow.

After more than 5 yrs of trading and blowing up numerous accounts (large and small) I am still learning and trying to curtail my scorpions. Following your thread puts me occasionally onto the right track... After so many "burn marks" I am trying very hard to conquer the fear and learn to feel instead.

Zorans analogy to driving as a second nature did bring the point home what you are all about! When I drive - I don’t think how I do it - I feel the traffic and everything that is happening around me. Now I have to master trading the same way.

Thank you
  • #4,886
  • Aug 4, 2008 12:58pm Aug 4, 2008 12:58pm
Quoting fti
Hi Lusan,
Your virgin 24hrs trade day, right?
Sorry , but this is worst than twinlight zone.
There's no market at all. I think eveyones gone home.

I am done for the day.
So good morning, trade well,

CU
regards
Good night...I will close after this brief run
Empty as water and soft as a facing wind mountain
  • #4,887
  • Aug 4, 2008 1:23pm Aug 4, 2008 1:23pm
Quoting fti
Hi jest,
but there are 9 guest,
so 9 are lurking, but who's the 3 that is members but invisible?
Sorry ALL , but I a not posting again until this is resolved.
I wouldn't let this get under your skin.
When I first come on to ff, I didnt sign up for member, just a guest for a few months.
As far as the negative post where ones try to tear down and not build up I would just ignore. The worlds full of them, fortunately its not really been a problem here except for the occasional unappreciative idiot.

People like those would purposely not show themselves just to see if you wont post and ruin it for the new guests and existing members.

I do hope you get the personal contacts from them resolved though.
  • #4,888
  • Aug 4, 2008 1:49pm Aug 4, 2008 1:49pm
Quoting textor
Hello,

For most experienced people:

Whay do you think about this formation in 60' chart?
From the inexperienced it was seen as a test of the 5630 area and the weird thing to me was how it went about ( as the other 2 kingdoms were taken into consideration) but never the less a test and if we come upon it again my eyes are peeled.
  • #4,889
  • Aug 4, 2008 2:01pm Aug 4, 2008 2:01pm
Quoting fti
Hey textor, whats that, disco lighting?
regards
LOL
  • #4,890
  • Aug 4, 2008 2:03pm Aug 4, 2008 2:03pm
Quoting lilpip
From the inexperienced it was seen as a test of the 5630 area and the weird thing to me was how it went about ( as the other 2 kingdoms were taken into consideration) but never the less a test and if we come upon it again my eyes are peeled.
Yes, what a day!
After the 5630 but it fail...so I still believe in the bulls...even though I might have to be an opportunity bear..

Till tomorrow..
Empty as water and soft as a facing wind mountain
  • #4,891
  • Edited 6:21pm Aug 4, 2008 2:21pm | Edited 6:21pm
Quoting luSan
Yes, what a day!
After the 5630 but it fail...so I still believe in the bulls...even though I might have to be an opportunity bear..

Till tomorrow..
Yes, quite a day and a half, took a while to get a feel for the market but I believe we did.
For me the jury is out on bull or bear, probably overall bias bull but we will see what asian session brings as I have no bias for the here and now going into asian and london.
Hope it goes well for all of us.

A couple hours later and I see price doesn't show much motivation to go exploring into bear country.
  • #4,892
  • Aug 4, 2008 6:49pm Aug 4, 2008 6:49pm
Quote
Hi Thenew ,
In fact , I am not sure, todays moves are very wierd, seems lots of crosses in play. There is always inside info, nut the people are careful not to move markets to much , so I don't really know.
Its best not to speculate unless you have info directly.

regards

Sorry that I couldn't answer you earlier, I was market blinded, and had to feel my way. So I needed to focus.

Hi FTI thanks for your answer i will try to follow your advice for sure, meanwhile you donīt need to apolizise you already give so much for free, i understand thatīs a very hard task triyng to answer all the question while watching the market in fact itīs me that should apolizise for making you loose your precious time and perhaps afecting your trading so please feel free to ignore me and i promise that will not be mad with you... peace.
  • #4,893
  • Edited Aug 5, 2008 12:46am Aug 4, 2008 11:54pm | Edited Aug 5, 2008 12:46am
Hi DutchAngel,

Thanks for the book.
I have downloaded it, will be reading it this weekend.

About your compilation.
It is good. I am honoured that you have taken the trouble and time to compile my thougts and methodology.
Now it is your book, may it be your stepping stone to great trading.

regards.
  • #4,894
  • Edited 12:44am Aug 5, 2008 12:31am | Edited 12:44am
Hi ALL,

Every one be very cautious now at these levels.
The market is looking for direction.
There is no bulls or bears.
ONLY FEAR.


Technically.
USD upside potential needs to take out of this zone to continue.
USD downside potnetial will become evident if it bounces off this zone.

So don't be too commited into positions to allow for ability to adjust. Therefore keep size managable. ie small.


regards
  • #4,895
  • Aug 5, 2008 1:03am Aug 5, 2008 1:03am
Quoting fti
Hi ALL,

Every one be very cautious now at these levels.
The market is looking for direction.
There is no bulls or bears.
ONLY FEAR.


Technically.
USD upside potential needs to take out of this zone to continue.
USD downside potnetial will become evident if it bounces off this zone.

So don't be too commited into positions to allow for ability to adjust. Therefore keep size managable. ie small.


regards
Looks like the bears might be in town tonight...but any thing is possible
  • #4,896
  • Aug 5, 2008 1:36am Aug 5, 2008 1:36am
Quoting fti
Hi DutchAngel,

Thanks for the book.
I have downloaded it, will be reading it this weekend.

About your compilation.
It is good. I am honoured that you have taken the trouble and time to compile my thougts and methodology.
Now it is your book, may it be your stepping stone to great trading.

regards.
Hi fti

I hope you enjoy the book and I felt priveleged to have access to your insights and knowledge for the compilation. For this I thank you.

I am on holiday this week, but try to keep up with thread when family is asleep. I wish everyone good trading this week.
Hope isn't a viable investment vehicle.
  • #4,897
  • Aug 5, 2008 1:44am Aug 5, 2008 1:44am
Quoting DutchAngel
Hi fti

I hope you enjoy the book and I felt priveleged to have access to your insights and knowledge for the compilation. For this I thank you.

I am on holiday this week, but try to keep up with thread when family is asleep. I wish everyone good trading this week.
Hi DutchAngel,

Thanks, The pleasure was all mine.

Happy Holidays to you and your family.

regards

Inserted Video
  • #4,898
  • Aug 5, 2008 1:45am Aug 5, 2008 1:45am
Quoting fti
@ Leon
Sorry haven't read Dirk du Totis book.
But if what you quoted is his frame of mind, the big ??
His understanding of those indicators is incomplete, what he describes is the way some uses it, I assume, but to say that anything was developed for forex or not , just seems to make him indicator adverse and bias to his methodology. That is acceptable but to say that only his methodology is good , smells of egor.
Similarly his menthioning of short chart traders as liars, also smells heavily of ego. If he truly trades, chances. thats the killer bullet.
I would let sleeping dogs lay, and to each its own.
I'll meet him in the markets, if he got what it takes to put the money where his mouth is. Instead of trying to raise funds selling books.

regards
Hi! Mr FTI,
I have read until this post just now and cannot help wanting to ask something. Initially, I have the same thought like you that why some fx pro organise seminars, courses, sell books to make some money while they can easily make big money through trading using their skills ? However, I got 2 answers as follow :
1) from one of their website is that : Why not earn both ways i.e via courses & trading as well. I seem to agree with this answer.
2) trading is at risk while the business of courses is deriving steady /good income. I also seem to buy this reply.

Nevertheless, right at the bottom of my heart, I still suspect a bit the truth of the above answers because I still think that trading (of course if you are able to) can make more money than having courses business which is not easy too.

May I have your opinion about their replies so as to clear my suspicion ?
Thank YOU.
  • #4,899
  • Aug 5, 2008 2:31am Aug 5, 2008 2:31am
Quoting Billionaire
Hi! Mr FTI,
I have read until this post just now and cannot help wanting to ask something. Initially, I have the same thought like you that why some fx pro organise seminars, courses, sell books to make some money while they can easily make big money through trading using their skills ? However, I got 2 answers as follow :
1) from one of their website is that : Why not earn both ways i.e via courses & trading as well. I seem to agree with this answer.
2) trading is at risk while the business of courses is deriving steady /good income. I also seem to buy this reply.

Nevertheless, right at the bottom of my heart, I still suspect a bit the truth of the above answers because I still think that trading (of course if you are able to) can make more money than having courses business which is not easy too.

May I have your opinion about their replies so as to clear my suspicion ?
Thank YOU.
Hi Billionaire,

In answer to your questions.
Let me say that I cannot speak for all, and that my perspective cannot be the only.

Books are not bad, in fact it is good for research and study. Thats how I learned what I learned. From books and mentors, from different perspectives and methodologies.

But I would be careful to take in the info , without much deep understanding and practise. Most important is if its suitable to me and the markets it is used in.

The problem with the k revolution is that , we are overwhelmed with it. Many learns a few good tricks and believe that theirs is the holy grail. Whats worst is that they become rigid with their interpretations of whats written and formulate dangerous rigidity in their protocols.


As for why people write books, I cannot comment.
I do enjoy good memoirs of people who had been successful in markets, as well as their penning of their methodology and psychology. But there is little to come by. There are much written about the financial markets because the subject commands premium pricing and has a wide audience. Only that because of this much commercialised financial porn is broadcasted worldwide mostly containing materials that promoted rigidity and misrepresentations.

If the authors had been successful in their pursuits, you can be rest assured that the finanacial gains are of no consequence to their well being. And because of this as well as the time locks that publishing entail, many tend not publish their skills. They either are resigned to mentoring a few, to pass on the skills, or seek out individuals that can carry their methodology as a legacy.

At the end of the day, success tends to bring all sorts of inconveniences to our doorsteps and in many ways , we do like to live our lifes without them. This also one of the reason why skills are not being published, as well as that wide spread methodology worship tends to dilute its effectiveness, as the living markets' variance absorbs and circumvents.

regards
  • #4,900
  • Aug 5, 2008 2:55am Aug 5, 2008 2:55am
Don't clown around with this BULL.
They are getting restless.
Beware of stampede.
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