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Technical Analysis Fallacy

  • #5,421
  • Edited 10:56pm Aug 18, 2008 9:55pm | Edited 10:56pm
Quoting jest1081

no matter what antiques you play, the market will continue to adapt and re-adapt. thus fti has shared one of the most important thing, the only way for you to keep the stop losses away is to pace the market....that word pace...has a very important meaning. you dont ever try to beat her, pace her, if she moves forward u move forward, if she moves backward while ur were pacing her forward, give her sometime, see if she tracks back to u, else, chase her or seduce her (if you can) lol.

good day billionaire
Isn't this the foundations of the dow theory?
What is the dow theory?
So what are sma,ema,cma,macd, stocastics,rsi, .....what are they?
these are tools to benchmark change.
What are these indicators benchmarked to?
What is the point of reference of these indicators?
They are rigidly benchmarked to a chosen parameter.
Which parameter is most reflective of the market?

Isn't this technical Analysis?
Nowadays , Technical Analysis has become rigidity, because people become too egoitical, their parameter is always correct.
The truth is that the markets parameter is always correct.
The one you use is most familiar only to you.

Price contains all, your parameter and lines are only rigidity, a creation of your minds limitations.
To see from birds eye view from inside a self created box is nonsense.Talk about thinking outside the box. how delusional can people get. Small minds trying to do great things.
I don't even want to talk about the other stupid indicators that people had invented. Esp, those that are used to FORECAST.
The rigid, trying to forecast dynamics.
Talk about intelligence and stupidity.rofl:
And about gullibility.

regards:

Do you know how heat seeking missiles work, and how they are circumvented?
Do you know the difference between heat-sm and vfrm?
If you don't, here's a quick lesson, One smells my fart, the other has a little intelligence.
From this I can tell an analyst from an indicator junkie.

Then of course , I haven't spoken about those , rigid in their pattern analysis. that, needless to say they go into the same pot.
  • #5,422
  • Aug 18, 2008 10:27pm Aug 18, 2008 10:27pm
Quoting jest1081
that word pace...has a very important meaning. you dont ever try to beat her, pace her, if she moves forward u move forward, if she moves backward while ur were pacing her forward, give her sometime, see if she tracks back to u, else, chase her or seduce her (if you can) lol.
I like the analogy of dancing, but I can't help picture dancing with someone and holding them so tight, that when she trips and falls, you both fall flat on your face and only you look like the loser, hence are. Definitely not a relationship built on fidelity....
  • #5,423
  • Aug 18, 2008 10:39pm Aug 18, 2008 10:39pm
Quoting fti
Isn't this the foundations of the dow theory?
What is the dow theory?
So what are sma,ema,cma,macd, stocastics,rsi, .....what are they?
these are tools to benchmark change.
What are these indicators benchmarked to?
What is the point of reference of these indicators?
They are rigidly benchmarked to a chosen parameter.
Which parameter is most reflective of the market?

Isn't this technical Analysis?
Nowadays , Technical Analysis has become rigidity, because people become too egoitical, their parameter is always correct.
The truth is that the markets parameter is always correct.
The one you use is most familiar only to you.

Price contains all, your parameter and lines are only rigidity, a creation of your minds limitations.
To see from birds eye view from inside a self created box is nonsense.Talk about thinking outside the box. how delusional can people get. Small minds trying to do great things.
I don't even want to talk about the other stupid indicators that people had invented. Esp, those that are used to FORECAST.
The rigid, trying to forecast dynamics.
Talk about intelligence and stupidity.rofl:
And about gullibility.

regards:

Do you know how heat seeking missiles work, and how they are circumvented?
Do you know the difference between heat-sm and vfrm?
If you don't, here's a quick lesson, One smells my fart, the other has a little intelligence.
From this I can tell an analyst from an indicator junkie.

Another good one for my logs, it's great how they always have a bit of zing
  • #5,424
  • Aug 18, 2008 10:45pm Aug 18, 2008 10:45pm
Quoting HipsterPipster
I like the analogy of dancing, but I can't help picture dancing with someone and holding them so tight, that when she trips and falls, you both fall flat on your face and only you look like the loser, hence are. Definitely not a relationship built on fidelity....

i get ur point but why are u afraid to look like a loser? when u are indeed falling with ur beloved? If u cant save her then fall with her. If being a loser frames ur intellect, then we may have to look into a certain ego.

never neglect ur lover, she might find someone better. oh and remember, if she turns out to be the one that saves u from falling....ur given a chance, dont let it happen too often. heh. The guidelines are there, i guess its up to us to intepret em...
  • #5,425
  • Aug 18, 2008 11:02pm Aug 18, 2008 11:02pm
Predictions, assumptions forecasting isn’t this just semantics? Throw out all the indicators and leave just a bare chart, so all I have to gauge the market is my eyes and brain, price is either long or short, so I look for an opportunity to enter in the direction of the move. Regardless of why or what conditions I observe to determine entry, it’s my intent that the next bar paints in my direction.

If it dosent I look to rescue, here again when I attempt it, I’m expecting price to go in my direction.

What we have is an intricate series of dance steps if you call them that, Jest your choice of “ pace”, I’d say ”stalk” the market We look for a set of trailing marks that give us a hint of where our prey is headed , we think. But the prey is smart and gives us false directions and back tracks on us.

So in the end all we have is the ability to adapt to the unforeseen but anticipated path that the game takes, knowing that at any minute we may have to retreat, sidestep or rundown the foe.
  • #5,426
  • Aug 18, 2008 11:03pm Aug 18, 2008 11:03pm
Quoting jest1081
i get ur point but why are u afraid to look like a loser? when u are indeed falling with ur beloved? If u cant save her then fall with her. If being a loser frames ur intellect, then we may have to look into a certain ego.

never neglect ur lover, she might find someone better.
I did not say I am afraid to look like a loser. I get paid to dance, not lay on the floor. If I fall, it is because I am lacking. She has no loyalty to begin with.
  • #5,427
  • Edited 11:16pm Aug 18, 2008 11:05pm | Edited 11:16pm
hi aux,

ur scout still in play? i guess ur still pruning it. The market seems to be accepting prices at these level. You may finally see the hourly forming. with a high at 14768, i sent a scout ur way too, 14692 is quite an offer. no trends exists yet on the short charts, some im trying to get the feel now.

hipster,

we'll always be lacking, its just human. show me a perfect dance, done on a consistent basis, i book a plane to ur place. somehow or rather as we pace, she may turn fast, its then up to our mental setup on how we should manage the situation. what makes u think that by not holding her tightly, you may have a cushioned fall? keep pacing...attention. or do whatever u want i dont care..but i'll tell u this...u'll continue to fall, time and again. so live with it, we as individuals are not liquid
  • #5,428
  • Aug 18, 2008 11:12pm Aug 18, 2008 11:12pm
Quoting jest1081
hi aux,

ur scout still in play. i guess ur still pruning it. The market seems to be accepting prices at these level. You may finally see the hourly forming. with a high at 14768, i sent a scout ur way too, 14692. no trends exists yet on the short charts, some im trying to get the feel now.
Jest Howdy,

When price broke 4750 it put me on the north alert but the small charts and been mostly short since that time, agreed we may be seeing some type of consolidation or turn here deep, I'm biased north atm "barely" as long as 4641 holds but I'd like to see some highs to get some action going.

But I'm about to check out the back of my eyelids for a while.

good hunting!

a
  • #5,429
  • Aug 18, 2008 11:17pm Aug 18, 2008 11:17pm
Quoting jest1081
hi aux,

ur scout still in play? i guess ur still pruning it. The market seems to be accepting prices at these level. You may finally see the hourly forming. with a high at 14768, i sent a scout ur way too, 14692. no trends exists yet on the short charts, some im trying to get the feel now.

hipster,

we'll always be lacking, its just human. show me a perfect dance, done on a consistent basis, i book a plane to ur place. somehow or rather as we pace, she may turn fast, its then up to our mental setup on how we should manage the situation. what makes u think that by not holding her tightly, you may have a cushioned fall? keep pacing...attention. or do whatever u want i dont care..but i'll tell u this...u'll continue to fall, time and again. so live with it, we as individuals are not liquid
Hey Jest, I am just saying don't get too attached to your lover because she will drop you with the bat of an eyelash, thats all.
  • #5,430
  • Aug 18, 2008 11:17pm Aug 18, 2008 11:17pm
Quoting auxesis
Predictions, assumptions forecasting isn’t this just semantics? Throw out all the indicators and leave just a bare chart, so all I have to gauge the market is my eyes and brain, price is either long or short, so I look for an opportunity to enter in the direction of the move. Regardless of why or what conditions I observe to determine entry, it’s my intent that the next bar paints in my direction.

If it dosent I look to rescue, here again when I attempt it, I’m expecting price to go in my direction.

What we have is an intricate series of dance steps if you call them that, Jest your choice of “ pace”, I’d say ”stalk” the market We look for a set of trailing marks that give us a hint of where our prey is headed , we think. But the prey is smart and gives us false directions and back tracks on us.

So in the end all we have is the ability to adapt to the unforeseen but anticipated path that the game takes, knowing that at any minute we may have to retreat, sidestep or rundown the foe.
- i may jumping in here way too fast as i havent finished reading the whole thread...
But isnt this just price hunting? and chasing the price can indeed get you killed?
-Fti:
Whats wrong with trading patterns?
They are indeed a rigid way to trade,nonetheless profitable if used correctly.
Don't you know any successful trader that uses this type strategy to trade?

Thank you
  • #5,431
  • Aug 18, 2008 11:24pm Aug 18, 2008 11:24pm
Quoting daytek
- i may jumping in here way too fast as i havent finished reading the whole thread...
But isnt this just price hunting? and chasing the price can indeed get you killed?

Im still alive. No?

-Fti:
Whats wrong with trading patterns?

Patterns, are not consistent, no one trend is the same as the other. I usually find a sense of satisfaction when i took a look at the charts after every trade and i go, hey look at that pattern, i traded it, now that its formed, i'll leave it to the pattern players to work at it. how many times have you seen a pattern that the books taught fail you over and over again, hey if i could bet, i'd do the exact opposite trade and i may still turn out a consistent performance, then i'd write a book on trading reverse patterns.

They are indeed a rigid way to trade,nonetheless profitable if used correctly.
Don't you know any successful trader that uses this type strategy to trade?

Thank you
sorry to butt in, im just too free i guess.

hipster. hahaha. shes done that to me plenty of times. im getting used to it. she neglects me and play with other boys, particularly fti. lolololol.

she thinks i havent reach that level yet lah. i guess thats what unconditional love gives you. You know some really kills. hahahaha.
  • #5,432
  • Aug 18, 2008 11:32pm Aug 18, 2008 11:32pm
Quoting jest1081
sorry to butt in, im just too free i guess.

hipster. hahaha. shes done that to me plenty of times. im getting used to it. she neglects me and play with other boys, particularly fti. lolololol.

she thinks i havent reach that level yet lah. i guess thats what unconditional love gives you. You know some really kills. hahahaha.
  • #5,433
  • Edited Aug 19, 2008 12:10am Aug 18, 2008 11:33pm | Edited Aug 19, 2008 12:10am
Quoting daytek
- i may jumping in here way too fast as i havent finished reading the whole thread...
But isnt this just price hunting? and chasing the price can indeed get you killed?
-Fti:
Whats wrong with trading patterns?
They are indeed a rigid way to trade,nonetheless profitable if used correctly.
Don't you know any successful trader that uses this type strategy to trade?

Thank you
Sweet and amateur
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Sweet But Semi pro
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Sweet professional
Inserted Video


Can you tell the difference?

I hope you would think about it.
When I draw you portraits, I hope I don't have to draw the intestines as well, It makes for ugly picture.
  • #5,434
  • Aug 18, 2008 11:41pm Aug 18, 2008 11:41pm
hi friends,

iron lady just got off the runway.
should we send a heat seeking missile or the vfrm? kekeke

Quote
Predictions, assumptions forecasting isn’t this just semantics? Throw out all the indicators and leave just a bare chart, so all I have to gauge the market is my eyes and brain, price is either long or short, so I look for an opportunity to enter in the direction of the move. Regardless of why or what conditions I observe to determine entry, it’s my intent that the next bar paints in my direction.

If it dosent I look to rescue, here again when I attempt it, I’m expecting price to go in my direction.

What we have is an intricate series of dance steps if you call them that, Jest your choice of “ pace”, I’d say ”stalk” the market We look for a set of trailing marks that give us a hint of where our prey is headed , we think. But the prey is smart and gives us false directions and back tracks on us.

So in the end all we have is the ability to adapt to the unforeseen but anticipated path that the game takes, knowing that at any minute we may have to retreat, sidestep or rundown the foe.

wow aux,
ur always so good in putting notions into a descriptive force. I dont have such command in me, amazing.
  • #5,435
  • Aug 18, 2008 11:45pm Aug 18, 2008 11:45pm
Quoting daytek
- i may jumping in here way too fast as i havent finished reading the whole thread...
But isnt this just price hunting? and chasing the price can indeed get you killed?
-Fti:
Whats wrong with trading patterns?
They are indeed a rigid way to trade,nonetheless profitable if used correctly.
Don't you know any successful trader that uses this type strategy to trade?

Thank you
Daytek,

It's a different concept being laid out here, simple but at the same time very complex. Price is either trending or not (consolidation) When trending look to trade the pushes, adding skew / increasing size as the push accelerates (feel is needed here) and then exiting profit as the push finishes, and then reload on the following retrace and do it again on the next push.... continue till the trend ends. Working the Skew, is the MM side of the equation.

When in range, trade the range edges in the direction of the perceived trend.

Knowing the difference and direction seems to be a big problem in the room lately

You may see the patterns forming, and they may set up and consummate as you would expect or not... but what Fti trys to teach is not to let the analysis limit you to seeing only that setup... but more let price draw the chart and flow with it's moves capitalizing on the pushes.

hope that makes sense.

a
  • #5,436
  • Aug 19, 2008 12:50am Aug 19, 2008 12:50am
Hi! All,

No doubt trading pattern can yield profit, if our ways of trading pattern maintain positive expentancy value at the end, probability game. However, I would like to go further (upgrade) the skills of trading from mechanical to the Mr FTI's style of trading which I think is the ultimate art of trading comprise of much wisdom in it, look like simple only from the face but need much much hardwork/experience to "get it". Nevertheless, learning process can be at least a bit easier/faster if we get guidance, hints, reminders along the learning process besides each individual's learning ability.

regards,

Disclaimer : whatever I said i my thought only and welcome different thought.
  • #5,437
  • Aug 19, 2008 1:54am Aug 19, 2008 1:54am
Auxesis, Jest , Fti.

Thanks for the quick reply.
  • #5,438
  • Aug 19, 2008 2:02am Aug 19, 2008 2:02am
Hi fti and all

Well my one day shopping trip turned into a spree I am afraid. I am off to London for a week so I will have to catch up on the thread when I return. Good trading to all.

Quoting auxesis

You may see the patterns forming, and they may set up and consummate as you would expect or not... but what Fti trys to teach is not to let the analysis limit you to seeing only that setup... but more let price draw the chart and flow with it's moves capitalizing on the pushes.

a
Very well put auxesis. Follow the footprints of money.

regards
Hope isn't a viable investment vehicle.
  • #5,439
  • Aug 19, 2008 2:30am Aug 19, 2008 2:30am
Quoting DutchAngel
Hi fti and all

Well my one day shopping trip turned into a spree I am afraid. I am off to London for a week so I will have to catch up on the thread when I return. Good trading to all.



Very well put auxesis. Follow the footprints of money.

regards
Hi DutchAngel,

Bon Voyage.
Enjoy the holidays

regards
  • #5,440
  • Aug 19, 2008 2:43am Aug 19, 2008 2:43am
Quoting DutchAngel
Hi fti and all

Well my one day shopping trip turned into a spree I am afraid. I am off to London for a week so I will have to catch up on the thread when I return. Good trading to all.



Very well put auxesis. Follow the footprints of money.

regards
DutchAngel, happy shopping, so good to see you reaping the rewards.

joy
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