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Technical Analysis Fallacy

  • #5,341
  • Aug 15, 2008 7:21am Aug 15, 2008 7:21am
Quoting fti
Hi ksl,
That is the same lady in both songs.
Her name is Teng Li Jun.
She was a friend back in the 70s.
She was a very famous and simple person.
She was to marry one of my friends back then but his family objected and couldn't accept the marraige due to her singer status.

Heart broken she went to stay in Japan and later to Europe.
I didn't hear of her again, until her death was reported in the media.

regards
What a sad feeling that post brings.
  • #5,342
  • Edited 7:48am Aug 15, 2008 7:25am | Edited 7:48am
Quoting fti
Hi All,

Why you people so rigid?

regards
Hello,

That is easy to answer. The rigidity give you security.
A false security, but security finally.

You want that we become "Zen-Traders",
(the "Keep your beginner mind. " from Lusan...)
but that is not a simple task, it requires a big effort to leave behind
false preconceived ideas.

I feel that I understand the mindset that you seek
that we have, but when I believe that I am close, I go away... http://www.forexfactory.com/images/icons/icon10.gif

Anyway, as always, thank you for your time and patience.

Regards,

Textor

P.S.: Thanks for the music!
  • #5,343
  • Edited 2:39pm Aug 15, 2008 7:38am | Edited 2:39pm
In Memory of Teng Li Jun.

The moon reps my heart.
Inserted Video


How can you explain.
Inserted Video


Honey sweet smiles.
Inserted Video


Thousand Words.
Inserted Video


Goodbye My Love.
Inserted Video


Inserted Video


I only care for you.
Inserted Video


Apologies
Inserted Video


I gotta stop there's a few hundred songs.
The thing I feel most sorry for her , was after that problem ,she never got married all her life. Thats the problem with Fu Zhou families, We don't have full freedom yet, even until this day and age. One of the negatives to culture and heritage.


regards
  • #5,344
  • Aug 15, 2008 7:53am Aug 15, 2008 7:53am
I just did a google search on your friend,

The movie COMRADES, ALMOST A LOVE STORY, is about her life?

I have not seen or heard of it?
  • #5,345
  • Edited 8:11am Aug 15, 2008 8:01am | Edited 8:11am
Quoting fti
In Memory of Teng Li Jun.

The moon reps my heart.
http://www.youtube.com/watch?v=bv_cEeDlop0

How can you explain.
http://www.youtube.com/watch?v=tzd2kUosrds

Honey sweet smiles.
http://www.youtube.com/watch?v=SE-HlEG9m7I

Thousand Words.
http://www.youtube.com/watch?v=_L2mwehCKq0

Goodbye My Love.
http://www.youtube.com/watch?v=q13XsdfpcHA

I only care for you.
http://www.youtube.com/watch?v=N72dsXD2GdM

Apologies
http://www.youtube.com/watch?v=LxbDwPq4XDs

I gotta stop there's a few hundred songs.

regards
You make me cry today fti but it is beautiful, love is beautiful and the feeling of love again is some thing to cherish, just to feel like that I cherish and I feel very connected to you today.
Thanks again.

ps found this web page, if you click on the SONGS it takes you to list of her songs
http://www.math.lsu.edu/~zhuang/deng_lijun.html
  • #5,346
  • Aug 15, 2008 8:43am Aug 15, 2008 8:43am
Hi ALL,
Couldn't trade the NY sessions, too much memories distracting my thoughts.

Have a nice weekend everyone.

regards
  • #5,347
  • Edited 9:49am Aug 15, 2008 9:29am | Edited 9:49am
Quoting fti
Hi ALL,
Couldn't trade the NY sessions, too much memories distracting my thoughts.

Have a nice weekend everyone.

regards
I only care for you.
Inserted Video


Yeh Lai Siang
Inserted Video
  • #5,348
  • Aug 15, 2008 9:45am Aug 15, 2008 9:45am
The $bulls have been alive can they push it for another low??? Looks like they are running out of steam.
  • #5,349
  • Edited 10:09am Aug 15, 2008 9:48am | Edited 10:09am
Quoting fti
Hi All,
many request for me to comment on your rigidities.
I am sorry, there is much mis-communications.

When Have i ever presented to cut after 100 pips and the likes.
You want to be rigid , then its your choice.

I said dance the rhytym, then apply appropriate MM.

Some of you are so engrossed with levels , I can't see How you can dance.

And also David is so worried about levels that he can't dance.

Look I took profits of my Eur yesterday at 1.4855
then I went short Eur again after that at 1.4830.
So am I stupid or what?
Later I appied attack seq at 14810/15 zone.
Guess where I took profits.

Why you people so rigid?
I tell you why, you people have little conidence of you ability to dance.
It is that which you need to focus, not the MM. The MM is only a tool to help yourposition average. You dance bad, and you average to the poor house.


regards
sorry fti, i just noticed ur post here.

Quote
I tell you why, you people have little conidence of you ability to dance.

fti, i think this may be my problem.

1. i often find myself taking profits too early
2. not real guts to put on an aggresive attacking sequence.

im not sure why but its been always in my mind, proly due to fears and habit to quickly take profit when in the money, only to see the price moves further my way.

Abt rescues i think you have gone thru great lengths to explain but it seems that i still have not gotten the picture yet. Problem is at which point do i really have to bite the bullet? Margin call?

all i want is to do a proper rescue and then get abt my business with the correct direction but my account is not big enough to take certain levels of pressure, there is a breaking point, well lets just say that my dancing is not good enough to allow me to identify proper areas for rescue and i keep finding myself engrossed in skews.

I have always found it easier to quickly bite the bullet, i.e. let the rescue troops die along with the scouts, thus reducing my suffering.

i'll get back to basics, its always easier on hindsight but at the point of time where u pull the trigger its often hard to explain the juices running through my mind. I have a long road to travel and much to learn, often, i try not to be rigid, but how do i overcome the possibility of not losing my whole account along the way? there has to be some sort of limit right? my question is, where is the limit? I need more guidance. jest is lost.

good weekend all.
  • #5,350
  • Aug 15, 2008 9:53am Aug 15, 2008 9:53am
Quoting auxesis
The $bulls have been alive can they push it for another low??? Looks like they are running out of steam.
Maybe he is just tired...and ready to take a weekend rest..
Attached Image
Empty as water and soft as a facing wind mountain
  • #5,351
  • Aug 15, 2008 9:55am Aug 15, 2008 9:55am
Quoting jest1081
sorry fti, i just noticed ur post here.



fti, i think this may be my problem.

1. i often find myself taking profits too early
2. not real guts to put on an aggresive attacking sequence.

im not sure why but its been always in my mind, proly due to fears and habit to quickly take profit when in the money, only to see the price moves further my way.

Abt rescues i think you have gone thru great lengths to explain but it seems that i still have not gotten the picture yet. Problem is at which point do i really have to bite the bullet? Margin call?

all i want is to do a proper rescue and then get abt my business with the correct direction but my account is not big enough to take certain levels of pressure, there is a breaking point, well lets just say that my dancing is not good enough to allow me to identify proper areas for rescue and i keep finding myself engrossed in skews.

I have always found it easier to quickly bite the bullet, i.e. let the rescue troops die along with the scouts, thus reducing my suffering.

i'll get back to basics, its always easier on hindsight but at the point of time where u pull the trigger its often hard to explain the juices running through my mind. I have a long road to travel and much to learn, often, i try not to be rigid, but how do i overcome the possibility of not losing my whole account along the way? there has to be some sort of limit right? my question is, where is the limit? I need more guidance. jest is lost.

good weekend all.
Hi jest,
Very easy problem to solve.
Just stop the greed, until you have mastered the skills and mindset required.
Start your trading , very very very small and practise your skills.
Make the 2 cts, 5 cts, $1, $5 and you will SLOWLY find your benchmark.
You may take like 5 to 8 year to get good at it.
So it is sucidal to try to emulate me, I am beyond pains.

Every body wants to be champion trader, but champion traders take a lomg long time to train.

Put in the wood first before you get the heat.

You see many of you have never seen this side of your emotions and capacity, the (virgin) traders that thinks that they can steal a glimpse of what I do and try to emulate that in live trading. I assure you I have their testimonies, they turn rouge traders , without the proper perspective and mindset. So be forewarned.

Trust me, follow my advice deligently. Learn, you are bound to make mistakes,but learn from them when its manageble for you. Even I make mistakes sometimes, but I have the capacity to recover, DO YOU?


regards
  • #5,352
  • Edited 10:24am Aug 15, 2008 10:09am | Edited 10:24am
Quoting luSan
Maybe he is just tired...and ready to take a weekend rest..
Hi Lusan

I think you may be more tired than the Bull.

Get a good change this weekend. Relax, Stay away from market talks and go unwind, Come back next week, fresh and then dance her.

Why can't you stop imposing your thoughts on her? Why.
Let her tell you.
No more intelligent talk about her, just feel her and follow as best you can.
You got too much experience, on the hangup side.
Your need is to feel her pulse, Don't go telling her what her pulse is, let her tell you.

Please correct this , otherwise ,this is an impass.

And if you insist to use indicators for feel, then OK, you're on your own. Don't expect support from me for that.

If you think I am angry, let me tell you I am.
When you first started on the thresd, I had great hopes for you. You were fast, even faster than I , you paced her, you were dancing.

Now you talk like all the book trained traders, you talk market junk, you ask too much questions instead of dancing it.
And why the change, just becuse you now trade for longer periods, you changed you whole mindset and MO. Frankly, from your new postings, I think you lost it.

Don't believe me, reread your own journal.
See if its the same you. You have nmatured , only to the dark side.

regards
  • #5,353
  • Aug 15, 2008 10:11am Aug 15, 2008 10:11am
Quoting fti
Hi Lusan

Don't go telling her what her pulse is, let her tell you.


I like that quote.
  • #5,354
  • Aug 15, 2008 10:25am Aug 15, 2008 10:25am
hi all,

i would like to disccus some of your views. abt central banks.
as we know the most popular bank the FEDs has been a very active market participant lately. We wanna talk abt free market, something jim rogers and a slew of other investors have been constantly complaining abt. Their actions to save fannie and freddie and some other big institutions are making alot of people unhappy, coz this may be at the expense of the economy and freedom. So these guys are complaining abt no more free market but i do agree with them that rates...instead of the central banks deciding, they should just let the market decide it. What do u think?

But have we try to identify the FED as part of a the whole market setup in the free markets instead? Take their actions as part of the market action instead of a govt intervention? I mean everyone has vested interests right?

what are your views? abt the current feds action, expected reaction and consequences? In the end it is still just the market...

best regards
  • #5,355
  • Edited 12:57pm Aug 15, 2008 10:26am | Edited 12:57pm
Quoting fti
Hi Lusan

I think you may be more tired than the Bull.

Get a good change this weekend. Relax, Stay away from market talks and go unwind, Come back next week, fresh and then dance her.
>>>yes, I am tired...but I am still studying and reviewing my scout strategy.
because my day trade dance needs a lot of polishing

And if you insist to use indicators for feel, then OK, you're on your own.
>>>Indicators? Which one? The SMA there is SMA(12) that I do not use at all, and the lines are a graphical way of saying that PA just made high low and feels like coming up...

I trade Oanda...so soon liquidy gone and spread 10 pips...so I could not even trade

the other line is a reminder of the beginner of symmetrical continuation triangle that it is really dollar bullish...still I do not use that at all...I do not know if pattern formation are valid on 5M...something to explore and learn
Quoting fit
If you think I am angry, let me tell you I am.
When you first started on the thresd, I had great hopes for you. You were fast, even faster than I , you paced her, you were dancing.
>>>Please do not be. You have done your best and I am trying to adapt.

Quoting fti
Now you talk like all the book trained traders, you talk market junk, you ask too much questions instead of dancing it.
And why the change, just becuse you now trade for longer periods, you changed you whole mindset and MO. Frankly, from your new postings, I think you lost it.
>>>You are correct. However, as I said before, I trained myself for very fast trading and now I have to change...and that is not so easy for my mind...I am working on it...I agreed that I am puzzled/confused so I have reduced my trading to small sizes until I find myself...hey, chief, I just got here...I am such a rooky that I cannot even understand when some people discuss their trades...now it is when I begin to see that elemental Elliot wave is all over...I ask stupid questions to test myself and to get the ball back to me showing the places where I am wrong...that is a way of learning...I either stop asking those silly questions or learn from the pain that surely PA will deliver to my behind.

Quoting fti
Don't believe me, reread your own journal.
See if its the same you. You have nmatured , only to the dark side.
>>>What you see in my own journal are the agonies of a beginner trader, trying to find the light in the middle of so much noise. You have no idea the many hours I tested the darn indicators to find them totally useless for me..

I do not know what else to say, but offer my apology of not learning fast enough. Maye I should take a pause from posting here. I am very sorry of being such a pain for you...still I thank you for your patience and all you have taught me.

Regards
Empty as water and soft as a facing wind mountain
  • #5,356
  • Edited 11:31am Aug 15, 2008 10:29am | Edited 11:31am
Quoting fti
Hi Lusan

I think you may be more tired than the Bull.

Get a good change this weekend. Relax, Stay away from market talks and go unwind, Come back next week, fresh and then dance her.

Why can't you stop imposing your thoughts on her? Why.
Let her tell you.
No more intelligent talk about her, just feel her and follow as best you can.
You got too much experience, on the hangup side.
Your need is to feel her pulse, Don't go telling her what her pulse is, let her tell you.

Please correct this , otherwise ,this is an impass.

And if you insist to use indicators for feel, then OK, you're on your own. Don't expect support from me for that.

If you think I am angry, let me tell you I am.
When you first started on the thresd, I had great hopes for you. You were fast, even faster than I , you paced her, you were dancing.

Now you talk like all the book trained traders, you talk market junk, you ask too much questions instead of dancing it.
And why the change, just becuse you now trade for longer periods, you changed you whole mindset and MO. Frankly, from your new postings, I think you lost it.

Don't believe me, reread your own journal.
See if its the same you. You have nmatured , only to the dark side.

regards
Teng Li Jun , the happier years.

Inserted Video


Inserted Video


Inserted Video
  • #5,357
  • Aug 15, 2008 10:33am Aug 15, 2008 10:33am
Quote
Trust me, follow my advice deligently. Learn, you are bound to make mistakes,but learn from them when its manageble for you. Even I make mistakes sometimes, but I have the capacity to recover, DO YOU?

yes. if i go really really small! hehehe
then i'd be raping the markets for a few weeks, just when i thought i got it and decide to increase the size, it becomes really baddddd.

i think i shall start a journal here too. something you can audit.
  • #5,358
  • Aug 15, 2008 10:42am Aug 15, 2008 10:42am
A new low, Bulls keep imposing their will, this weeks candle will again paint big and red ending at the bottom.

The fat lady hasn't even begin to warm up it seems
  • #5,359
  • Aug 15, 2008 11:00am Aug 15, 2008 11:00am
Hi Jest,
Ok here's the low down.
What you have been reading is a bunch of people who know little about the markets.
Let me explain on your posting for you.

regards

Quoting jest1081
hi all,
i would like to disccus some of your views. abt central banks.
as we know the most popular bank the FEDs has been a very active market participant lately.
Just that you are clear. The Feds is not the Central Bank, In the US there are central Banks at every state. The feds is the Federal Reserve Bank. She is not a participant, She Owns the USD. All americans only are lenders of the currency as legal tender.
We wanna talk abt free market, something jim rogers and a slew of other investors have been constantly complaining abt. Their actions to save fannie and freddie and some other big institutions are making alot of people unhappy, coz this may be at the expense of the economy and freedom.
The function of the Fed is leander of last resort to the financial system of America, so if they don't come in to save the instituions of assets, MAYBE you would like to tell me , who's responsibility is it, to save them?
So these guys are complaining abt no more free market
What, have the Feds come into the markets to impose any rules? They just use tools available to them to calm markets and assist market indirectly. Any body can use tools available to them to ASSIST as they like. Why does the owner of the currency not have the same rights to do so?
but i do agree with them that rates...instead of the central banks deciding, they should just let the market decide it. What do u think?
The Feds they do not determine all rate for the USD. They just direct the base lending rate for the interbanks. The short and long rates, they are trade in free markets and have their own distinctive yield curves. So what has the Feds gotta do with rates for you people, They just control the lending and borrowing between the banks. Just because you, the markets, use her BLR to detemine your paper liquidity you blame her for your own woes.

But have we try to identify the FED as part of a the whole market setup in the free markets instead? What rubbish is this, they own the market.Take their actions as part of the market action instead of a govt intervention? They are not govt. The govt borrows from them.I mean everyone has vested interests right?What do you mean?

what are your views? abt the current feds action, expected reaction and consequences? Look , jest, its a free market, anyone is free to buy or sell as they please. The feds, they too are free to do as they deem fit.In the end it is still just the market...Yes, in the end of it all, they are doing what every body is doing, trading the free USD.

best regards
  • #5,360
  • Aug 15, 2008 12:15pm Aug 15, 2008 12:15pm
Hi all:

I've been lurking here for awhile now, just want to say hi to everyone. Have finished reading this looooooooong thread twice. Started my dancing this week. A couple of mild attacks and one rescue so far. Keeping my sizes small, small skews, and above all, try to keep an unbiased mindset and go with the flow.

Thanks to FTI for a very different and refreshing take on trading. More metaphors (water, long sword, short sword ...) & chinese history (AOW, three kingdoms) than you can shake a stick at!

This style of trading is definitely extremely demanding, on one's mind & body, and if not careful, on the bank account as well. I'm sure it takes much longer to master this style than pretty much any other more "rigid" systems. Therefore patience with the learning process is key here.

So far the biggest difference I've encountered, compared to a regular system with defined entry & exit criteria is that with the latter, all the thinking/planning is done prior to the trade, once in a trade, it's best not to tinker with it anymore until either TP or SL levels are hit. With FTI's system, one needs to constantly update their position & size relative to the PA while in the trade. It's very hands-on & takes place in real time. I must admit that I have great difficulty keeping my focus for long periods of time while "dancing". How FTI can trade for days on straight is beyond my comprehension.

Another thing I noticed is that with the 5m chart, it's easy to get caught up with small pip movements and lose focus on the bigger picture (ie. waves). Time and time again, in hindsight, I see that I stopped dancing way too early. This balance between being sharp & focused on the 5m chart while staying patient with the wave dance doesn't come easily, to say the least.

Despite all this, I'm very excited about learning and mastering FTI's technique. Its flexibility and balance is what makes it undoubtedly durable. I really enjoy reading the posts from all the regulars here. Plus, I never thought trading would involve so much Youtube watching.
Hope to contribute my share as I gain more experience.

Have a great weekend all!
Being the best loser that I can be.
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