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Technical Analysis Fallacy

  • #5,781
  • Aug 30, 2008 9:02am Aug 30, 2008 9:02am
Leighsww,

Your latest posts answered many questions I had/have and I tried to figure out on my own. These posts are priceless.

Thanks for you support. You are totally correct about my loving fti's strategy. All my trading concurs with his teaching as far as I understand it.

I will always keep you close to my heart.

Regards
Empty as water and soft as a facing wind mountain
  • #5,782
  • Aug 30, 2008 12:49pm Aug 30, 2008 12:49pm
Quoting leighsww
Decided to post one more since I finished editing it ...

Zoran ... if you're still reading here, you'll get a kick out of the "James Bond" car mention in the chat below. That's funny how you happened to make an analogy about it, lol.

------------
Hi Leigh

Yes, I am kind of following. We've just completed the move to Serbia and I'm back in the UK now still with lots of sorting to do. This thread has been quite busy so I've just skimmed through it when I've found the time.

Not sure where the future lies but it seems to be heading in the direction discussed. I do hope my prediction is wrong but it does mean taking the pace a little slower. Running a popular thread can get very stressful.

As for the James Bond comment, there was another one on the previous log that seems more suitable. Here it is

[21:26] fti: after a while, will be like driving, automated it become second nature, however much info to watch for

I haven't traded for quite some time and I've just received an email from my bro-ker saying "We miss you". But it has been quite nice getting out and doing more things instead of sitting in front of some screens all day. I'll probably take the whole trading thing a little slower now and treat it as a long term project as I believe I understand fti's system well but I simply can't dedicate the time needed. The speed of this thread is now well beyond my limit so I hope it slows a bit.

Lets see what happens. Winter may steer me back to the screens.
  • #5,783
  • Aug 30, 2008 12:54pm Aug 30, 2008 12:54pm
haha i can say the same thing about losing.... i person can learn how to throw money out the window like its riding a bicycle.

Quoting Zoran
[21:26] fti: after a while, will be like driving, automated it become second nature, however much info to watch for
  • #5,784
  • Edited 4:20pm Aug 30, 2008 3:12pm | Edited 4:20pm
I should mention ...

If you want to pull up the charts corresponding to our chat sessions, so it's easier to follow along as if you were the one in the training session, and to give a better visual picture of the thought process, timing, etc. ... the time of our chats is located in the brackets ( [ ] ) to the left of our sentences.

The time shown is my Hawaii timezone, so to figure out what time that is corresponding to your charts, you can access this timezone site --> http://www.timeanddate.com/worldclock/

My time would be --> "Honolulu"

You then need to look up the location of your chart's timezone (since not everyone uses their local timezone for their charts. Ex: I use NY timezone for my charts and not my Honolulu timezone) and calculate the difference. Also, since everyone is all over the world, keep in mind about "daylight savings" time, so here's a site so you can adjust for that if applicable --> http://www.webexhibits.org/daylightsaving/g.html (scroll down to the list of countries).

Based on the comments, I will spread out the chat session posts, so that you guys can take time to study and digest it thoroughly and especially to understand what was going on, before the next session. Otherwise, it can get overwhelming and also much can be missed/overlooked when studying too many lessons at the same time. I'll be back in a couple days with the next chat session installment.

------

Good to hear you're finally done with your move, Zoran! I know it was stressful and hectic for you.

------

I care a lot about you, too, Lusan
  • #5,785
  • Edited 6:57pm Aug 30, 2008 4:57pm | Edited 6:57pm
I didn't want to comment too much on posts, but I have something I need to say to seeit.

seeit ... since I know you will know that some of my comments in my first post about blame, etc. was because of your posts, I do want to say this to you ...

I know you care about Lusan as you have called him a smart and kind man, so I know in your heart you are caring, you just let your anger get in the way of your better judgment this time.

We all do that sometimes, and we just have to step back and look at how we behaved.

Lusan could have answered you back with anger, but his response was very honorable and showed compassion and understanding towards you.

Like the Monk story, just let your anger go and move on from here.

Go back and reread all the lessons in this thread, cuz it doesn't only have to do with trading, it has to do with everything else in life, especially your relationships with people.

You have a great sense of humor, as I have seen this in your posts like this one --> Post #5703

That cowboy/frenchman one totally cracked me up. I even played the psychic game one, haha (grrrrr, but don't post too many of those, though, cuz hard to quit!! *whip* *whip*). But I'm not going to tell you how I did, otherwise I'd have to give up opening my psychic center

Your sense of humor has brought laughs and enjoyment in this thread

Please know, that ex-Mom and everyone else in this thread, cares about you, too!
  • #5,786
  • Edited 4:35am Aug 31, 2008 4:13am | Edited 4:35am
hello everyone

thankyou leigh for re-visiting... having lost my sister last year at a young age I totally understand your reasons for time-out...you and fti have been our guiding lights and I'm sure all the good people on this thread will agree that you have made a huge difference to our trading lives

However having read your transcripts, I must admit to more confusion...predicting and m/a's ...

fti grew angry with us when any such talk was present...I was led to believe m/a's were lagging indicators and not to be used to base our entries on....
I see i still have a lot to learn.... discuss later everyone please

On a lighter note, I cheered myself up by buying a new car this weekend
so good vibes happening...this week may we all be nimble and dance these markets with precision and grace..humble in our victories we shall be.

joy
  • #5,787
  • Aug 31, 2008 4:52am Aug 31, 2008 4:52am
Quoting joypips
[...]
On a lighter note, I cheered myself up by buying a new car this weekend
so good vibes happening...[...]
joy
Hi joy,

a new car? Congrats! Hope you bought it from your FX profits ... ;-)


@Leighsww: Thanx for posting all that chat logs. Very valuabale readings. Thanx for the time you investigated on that!
  • #5,788
  • Aug 31, 2008 5:43am Aug 31, 2008 5:43am
Quoting MaMood
Hi joy,

a new car? Congrats! Hope you bought it from your FX profits ... ;-)


@Leighsww: Thanx for posting all that chat logs. Very valuabale readings. Thanx for the time you investigated on that!

Thanks MaMood.. not fx profits this time...aussie property market very generous at moment

joy
  • #5,789
  • Aug 31, 2008 8:28am Aug 31, 2008 8:28am
Inserted Video




Inserted Video


Inserted Video
  • #5,790
  • Aug 31, 2008 11:54pm Aug 31, 2008 11:54pm
Inserted Video
  • #5,791
  • Sep 1, 2008 1:51am Sep 1, 2008 1:51am
Quoting fti
http://www.youtube.com/watch?v=_rTq6lDtCsU
Good morning fti!

"Windmills of your mind" - pondering about the deeper sense in it.
Looking for your message ....

Thanx for stepping in agian ;-)
  • #5,792
  • Edited 1:57am Sep 1, 2008 1:52am | Edited 1:57am
Quoting fti
http://www.youtube.com/watch?v=_rTq6lDtCsU
hello everyone and a very special hello fti...

U/S holiday today everyone.. I don't know how much will affect things but think I will be a wallflower today and sit on the sidelines



besides I'm a bit tired from driving around in my new car (lol)
  • #5,793
  • Sep 1, 2008 1:59am Sep 1, 2008 1:59am
Quoting MaMood
Good morning fti!

"Windmills of your mind" - pondering about the deeper sense in it.
Looking for your message ....

Thanx for stepping in agian ;-)
me too MaMood... I've played it 5 times so far
  • #5,794
  • Sep 1, 2008 2:08am Sep 1, 2008 2:08am
Quoting MaMood
Good morning fti!

"Windmills of your mind" - pondering about the deeper sense in it.
Looking for your message ....

Thanx for stepping in agian ;-)
Hi MaMood

It is circles within circles ie skew within the skew.
Hope isn't a viable investment vehicle.
  • #5,795
  • Sep 1, 2008 2:14am Sep 1, 2008 2:14am
Hmm I did not think to look for a meaning, but it sure makes me want to ride in one of those gliders!

When I was growing up in Colorado Springs CO we lived close to the Air Force Academy, I would always see those gliders in the air and think how fun it would be to do that someday. I had forgotten about that until I watched the vid.

Markets are slow today, still able to pull in a few pips however. Perhaps it will pick up here in a bit.
  • #5,796
  • Sep 1, 2008 2:15am Sep 1, 2008 2:15am
Quoting DutchAngel
Hi MaMood

It is circles within circles ie skew within the skew.
Hi DutchAngel!

Thanx for your hint.
Had similiar thoughts. At least it's the only deeply symbolic part of the text ...
  • #5,797
  • Edited 3:52am Sep 1, 2008 3:36am | Edited 3:52am
Quoting joypips
having lost my sister last year at a young age
I am so sorry to hear about the loss of your sister, as well (*hug*)

Quoting joypips
However having read your transcripts, I must admit to more confusion...predicting and m/a's ...

fti grew angry with us when any such talk was present...I was led to believe m/a's were lagging indicators and not to be used to base our entries on....
I see i still have a lot to learn.... discuss later everyone please
The sma's were discussed earlier in this thread when Zoran spotted it on fti's chart, thus it was explained then, as it was also explained in the chat log I posted with how to use them. So, it's not so much used as an entry, but rather as a gauge when the PA is pushing off of, tearing away from, or returning up/down to test those smas. Read again and again the chat logs until you understand the process well.

As far as inconsistencies, yes there are those, but remember that fti, when teaching students who are not as experienced as he, must make sure you are not just calling out random assessments/analysis if you're not yet knowing what you are seeing/doing within his method. When he scolds you, he is just worried that you may be basing too much attention on preconceived notions of the patterns, etc.

Just keep rereading the chat sessions and take from them the treasures within that will help you become a better trader with fti's method. When you get good and have mastered his method, then you will be at another level (his Senior's level) which then he may not be scolding you as much and instead be talking to you in a different manner
  • #5,798
  • Edited 4:12am Sep 1, 2008 3:44am | Edited 4:12am
Quoting Jimmy Jones
Hmm I did not think to look for a meaning, but it sure makes me want to ride in one of those gliders!

When I was growing up in Colorado Springs CO we lived close to the Air Force Academy, I would always see those gliders in the air and think how fun it would be to do that someday. I had forgotten about that until I watched the vid.

Markets are slow today, still able to pull in a few pips however. Perhaps it will pick up here in a bit.
Hi Jimmy,
You may like to rethink that, . ( about flying for fun)
Eons ago, I was winged, but having seen many friends and peers perished in that endevour, I now am not too keen , to fly again, unless they paid mega bucks for me to risk my butts again. Esp when others are on the wheel.

To fly , requires absolute focus, and training and experience and luck.
Trading seems less life threatening. LOL. although same set of mindset and skills are required.

Here's a deterrent,
Inserted Video

now I never fly for fun, or unless absolutely necessary.
All it takes is for one curious bird to fly into your path.and all your checklist and protocols means swat.

The same goes for trading, unless absolute focused, well trained and experienced , then trying lady luck may not be the call of the day.
Esp newbies, must not tweak and play with controls without qualified and experienced......and instructions.

If you don't believe me, you may like to try any flight simulators on your computer. Then check you survival rate. As in trading, skills are required.

regards
  • #5,799
  • Sep 1, 2008 4:05am Sep 1, 2008 4:05am
Perhaps I should not tell you about my desire to race open wheel race cars
  • #5,800
  • Sep 1, 2008 4:33am Sep 1, 2008 4:33am
Since I see fti is back, there is no need for me to continue posting the chat session logs unless he wants me to, so you are now back in his hands.

Take care and good trading.
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