Technical Analysis Fallacy

Hi fti, I'm a novice trader and just happened upon your thread. I'm really impressed and look forward to go over all your posts and learn from you.
Keep up the goo work.
Thanks,
Alexgee,
California, USA

Hi Alexgee and all who may come this way,
Thank You for your kind words.

I regret to informed you that I have decided to stop posting and will be locking this thread again, with immediate effect. This is because I am actively in the markets, and will not be able to guide anyone any further at the expense of my focus.

However, I would like highlight to you, that all that you would need to make a success of your trading endevour is already in the thread. The latter half of the training ( extending to the TAF lounge) was as guided tour of how to approach and manage that which was presented in the TAF thread.

If you approach the study diligently and professionally, and thinking very deeply of what was presented, you should have little problems honing your skills.

You must at all time be on the vigilance that the markets are not made of fools, but very skillful, educated and deadly professionals.There is no room for complacency or over confidence.She is never to be taken lightly. Although, if you hold well to the training , you should weather all that she can throw at you, You must be on a look out that you do not sabotage yourself. Know thyself, and the scorpions within.

A turtle can survive in the water environment, because it is her nature. A scorpion, however well trained, will ultimately, meets it own fate, because that is its nature.

Have a good time, picking up the skills. Then you shall be tested by the market. She is the best trainer.

If your bottom line is not on upslope all the time, then you need to think carefully, and identify your scorpions. If you continuously cannot met the standards, it is not shameful to give up altogether, as the attrition rate is very high in these battlefields, and the demands of a professional trader is not the cup of tea of everyone. It requires very strong discipline and skillsets. Beware of adulteration of your study by fallacies.

Remember that past successes is no benchmark for future performance. You are as good as your last trade. So never lose your mindset. Lose it and it will carry you to a very dark place.

Good fortune.
regards

@ ALL,
Few of you that had been following are developing to the necessary standards. I say this generally , as I cannot detect many who actually understand what had been presented. As is clear to me , all of you that I had expected to succeed had failed. So please be very careful, as I say again, this is a double edge sword, careful how you use it. You can be glorious of its success, but fail it and it WILL take your heads off. I feel sadden that I cannot find the energies to guide further. So I say clearly, that your fate is in your own hands, as always. And I wish you luck.


Goodbye
regards

PS: I did bring up an issue which I had forgotten. As this is my last post. I just like to inform you, that there is no such thing in the spot interbank as a 5th decimal quotation. Non of the interbank prices I had checked quotes in 5 decimals. This 5th decimal quotations cannot be useful, of course unless that they may like to quote you finer spreads than 2 pips which is spot interbank standard protocol.

花心Perfidia(Chinese)

朋友Friends

吻別Goodbye kiss

流星雨Meteor Rain


If only all can understand the lyrics in Chinese, and the message within.

And my last advice to all.
If there are things I presented , that you do not understand.
Then it is only because your experience level is not there yet.
From what I had seen happening, discussing about it will only confuse you, due to the blind leading the blind. If only some pros will like to discuss, but I don't know, they seem not coming forward.
Seek and you shall find. The information and knowledge is available, only that you may have to sleeve through much volumes of good writings and professional books to find it. This is because to understand, you have to understand the perspective of the author and it take volumes to explain the just a little in words. Anyway, without necessary market experience , you will still not understand. Its your personal journey, I had pointed only the direction. You are free to chose to accept and develop what had been pointed out to you. Otherwise, to each its own. Remember, As you sow, you shall reap. As the parable of the seeds sown, not all shall fall upon fertile ground and flourish.THose seeds that are upon the rocks. So be it.

With the grace and help of the Lord,it is done.
Goodbye All.

All the best fti. Thank you for an amazing and enlightening journey! Good fortune to all!

G'bye fti,

It was a great pleassure to be with you, and your experiance.. Thank you for your time, patience, and experiance you shared with us..

All the Best. !

Piters

Thank you, Sir!

It was a great privilege/honor to me
to be a student in trading of one of the best ....

Trade well!

With kind regards,
Niels

http://www.forexfactory.com/attachme...8&d=1232919518

I'd say everyone here just got a little more profitable.

Hi FTI
I do not know if this will even read.

On the day when you left the forums and closed its thread, I was very unhappy.But one thing has become (probably a lot of help with the event your departure).

I think I finally understand all the context.Now I understand how it is difficult to teach someone (FTI - I guess one of the reasons I am very attached to music and sound is its variance in colouration, which does keep my mind warmed up and active. Do you think in colours?When I say a horse, think about a horse. You see form and shape but is it in colour?
Also , what language do you think in?).
I understand "my poem," my dragon tail ", fibo, etc., are only pieces of puzzle.

Now I understand that it is essential to go "step by step" (sequens by sequens) in the market and not on hope.
Already I know as though fibo isn't substantial ,substantial is feeling for market and simple mathematics.
This-achieved Pips insure, to offset the loss and allowing continue "step by step".
I can not explain what happened to me in the head (about Heureka?). Maybe yes, maybe not...

If we have met no more, I know that you remainest in my heart.

I know that I was taught from the champion.

Sincerely R.

Just few words:

Your are my first and best Forex teacher.
I will do my best to remember your lessons.

The best for you.
and
a billion thanks!

Happy hunting

God bless you my friend I hope your trading and your life is great. I very much appreciate all your efforts and wisdom.Ive been a long time "lurker" of this and taflounge and all I can say is Im a better trader for all your wisdom.
We love ya, John

Fti,

I will miss you ... Your teaching will remain with me throughout not in forex as in person too....

You have changed me little as a person too


V

Although you mention you only pointed the direction, much more was given and I appreciate the oppurtunity to develop.
Thankyou for the reference book and our point of reference.

You are the bows from which your children as living arrows are sent forth.
The archer sees the mark upon the path of the infinite,
and He bends you with His might that His arrows may go swift and far.
Let your bending in the archer's hand be for gladness;
For even as He loves the arrow that flies,
so He loves also the bow that is stable.


taken from Children - Kahlil Gibran

Thank you FTI for all your advice, conditioning, and experience. Your teachings were invaluable and I for one am a much better trader as a result. Please come and visit from time to time.

Respectfully,
Northpro

Hi Northpro,
You are welcome.

Good Fortune
regards


@ maheswara
Thanks, Be a Good arrow, won't you?

Thanks, lilpip, Trade carefuly.

indianguyinny24, Thanks, be humble, don't let your ego or anyone else's ego carry you astray. You cannot internalise anything , if you have to write it down.Let it be you, then you have learned.

johnnykanoo, God Bless, learning by yourself is a good thing, if you do think and use what you have learned frequently. Only then you may internalise it.

Billion welcome, Lusan, listen to your ceo and no more bullshitting yourself.
Over cooking, doesn't make a better dinner. Neither can a robot.

Thank you, piters and Zoran, I pray that your trading journey ahead , will be even the more pleasant. Goodbye.

Remember always, to be humble and generous. Do not steal (especially others works)or lie to oneself. Pay generously for whatever you receive, if possible "pay forward",that, good aura be attracted to you. Although no one may see you at it but one. You cannot escape from your bicameral mind. Show your bicameral mind these things and it will remind you all your life of what you are. More, it will return to inhibit your development of you. As you sow, so shall you reap. Have yourself the innocence of a child and the wisdom of your creator, as you are really part of the whole.
Act as thief and you become what you do. Strive to become General, holding to your honour , stand up with chivalry, and let that be developed to be your true mindset. Be at peace with your bicameral mind, the true you, not that which you show others."Know thy self, the true one".

Honour & Glory.
regards

my beloved song ...

Hi fti,

Thanks for stopping by and thanks for your honesty here and in the lounge. You see the teachings and lessons over net as a failure but you fail to understand that under different circumstances I would not have met somebody like you, nor read your wisdom and experience. I have met several traders and most of them have bigger egors than their brains. You have a big ego too, you know. and yet you are humble and kind. And you leave no room for false hope.

People will find ways how to kill their accounts, their lives. And how to blame failures on others. Always. Human nature.

Best regards,

Karlis

PS - don't buy a bank please, listen to music, dance a little and enjoy yourself.

Nice thread which has alot to offer
Ty Fti

REPETITION

(FTI) Lesson 1
The General (YOU)
----------------------
Be aware that although the General & the Commander may be the same, it is not necessary so. The general is he that analysis and plans strategies, while the Commander is that who would have to carry out that which the General expects, but if the General and the commander is in discord the synergy is lost.
In a bank environment, the two are segregated. in individuals trading, although the two resides in the same individual, they may not be of the same personality.
Ponder this.
Most of us thinks that we may be able to run the 4 min mile. But when you go try do it, you may experience the commander , sometimes he may question the General's aspirations. Thst when CONTROL (of objective) maybe lost and mutiny within self destroys the cohesion of commander and General towards goals.
General skills - Planning requires analytical skills, experience and mastery of strategies.
Commanding skills - requires simulation, practise and resolute of mind over matter without pain consideration.
Note that these are different skills, which is difficult to incubate in one individual, nevertheless it is not impossible if the structure of task description can be identified and the role understood.