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Technical Analysis Fallacy

  • #6,401
  • Mar 27, 2009 3:32am Mar 27, 2009 3:32am
Quoting Peglow1
I have finished reading the material on this thread. I have questions about what is presented here. For example, for fti and other regular participants: are you trading with real money? I assume you are not, but please let me know. Also, is there some place else where you talk about transitioning from the material presented to what is required to trade? There seems to be a lot missing here, at least from my perspective as a trader.

Peglow1 Signing Off
Hi Peglow1

This thread is a perfect diamond made from 27 years of experience.Unfortunately, it is a very secret to some people who can not change their paradigms.

I will make up what is already done?!?


Understanding the whole thread + training = then evaluation!!!


...try to understand this:

(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?"

Regards

  • #6,402
  • Mar 27, 2009 5:18am Mar 27, 2009 5:18am
I don't think you've understood it within a very quick reading. Did you try to follow through fti's sessions with charts to see his thought process?

I'd say presentation wise, its a mess (sorry fti) but it worked in helping me trade.
Read 'The disciplined trader'.
  • #6,403
  • Mar 27, 2009 6:51am Mar 27, 2009 6:51am
Peglow,

What is it that you find wrong with Fti's presentation? You mentioned that you had questions and that you thought there was aspects missing from your perspective as a trader.... please explain.

regards
  • #6,404
  • Mar 27, 2009 9:21am Mar 27, 2009 9:21am
squared e/u 3258 area
  • #6,405
  • Mar 27, 2009 10:16am Mar 27, 2009 10:16am
Quoting MaMood
Good Morning everyone!

I have some strange feeling that the very new member peglow and rapaduski could be brothers ;-)
LOL, my brother is a doctor and my sister is a teacher, and I do not know who or what rapaduski is. Sorry, but that is funny. As I was reading the posts, I kept thinking that some of these people who argue with fti are perhaps actually fti arguing with himself. Part of the teaching process? That would be brilliant.
  • #6,406
  • Edited 10:58am Mar 27, 2009 10:38am | Edited 10:58am
Quoting Peglow1
LOL, my brother is a doctor and my sister is a teacher, and I do not know who or what rapaduski is. Sorry, but that is funny. As I was reading the posts, I kept thinking that some of these people who argue with fti are perhaps actually fti arguing with himself. Part of the teaching process? That would be brilliant.
... We are all FTI ..............
This thread is the questions and answers.If you are in doubt,try what you have learned of fiber.
  • #6,407
  • Mar 27, 2009 10:54am Mar 27, 2009 10:54am
Quoting auxesis
Peglow,

What is it that you find wrong with Fti's presentation? You mentioned that you had questions and that you thought there was aspects missing from your perspective as a trader.... please explain.

regards
What or who is the laminin here? Come to think of it, my posts might be construed as a disfunctional one. My apologies if that is so.

What's missing? Go back and read up on Turtle Trading as an example. As a trading approach is makes money because of focus on structure and structured discipline. Traders who do not adhere to structure and structured discipline are sitting ducks and will eventually get their freaking asses kick. One recent post stated that someone here made something like 25% on a risk of just 2%. That is what I am talking about. From what I have read here, many are either not aware of what is at risk or are risking way more than 2%. The trader who knows this information understands basic, Trader 101 analysis, and to his/her credit trades that way. You can't trade that way unless you have structure to your trading. The difference is like wanting to invest in a technology company, and the trader I mentioned above buys 500 shares of IBM, and many here are giving their savings account number over to the guy down the block who wants to assemble PC in his garage and sell them over the internet.

I must assume this thread is the complete presentation of the material in total. I will check back to see if fti has something else going on and comments. Y'all have a great weekend.

Jim
  • #6,408
  • Edited 11:44am Mar 27, 2009 11:20am | Edited 11:44am
Quoting Peglow1
What or who is the laminin here? Come to think of it, my posts might be construed as a disfunctional one. My apologies if that is so.

What's missing? Go back and read up on Turtle Trading as an example. As a trading approach is makes money because of focus on structure and structured discipline. Traders who do not adhere to structure and structured discipline are sitting ducks and will eventually get their freaking asses kick. One recent post stated that someone here made something like 25% on a risk of just 2%. That is what I am talking about....

The basic structure presented here is to trade the market’s direction, presented by the charts in a specific time frame, buying weakness (lows) in an uptrend and selling strength (highs) in a downtrend, and then adding as the impulsive move starts it’s run. The basic crux is to stay with the trend until the charts say otherwise, not relaying on technical indicators to determine in advance the future of price action. The idea is to feel the market as it unfolds it’s footsteps on the chart, and follow…….. not lead by expectation.

Market structure was emphasized, as well as the math concepts behind the skew( this one takes some deep study to truly grasp, imho. It’s one of those ah-ha moments.) But the snowball is just one part of the puzzle. Properly plugging that into a traders “M.O.” is difficult and takes time, and should be done in steps, imo.

But the idea that this is only a high geared, high risk method is 180 degrees from how it should be employed. That being said without good discipline you can find your self in trouble quickly, but that's true for any trader or method.

But your limitations on possibilities are acting as blinders to you at the moment. There’s many ways to separate the feline from its epidermis, and a static predetermined reward to risk % set up is just one way.

edit: If you look at what's presented in comparison to a static, technical strategy, then yes it would appear to have many holes and blanks left unfilled..... but that's where this mindset is unique.... there's no (exact/same for every situation) level or point where you enter/exit a trade.... but where you see a total lack of rules or mechanical tells... is where this type of methodology excels.... it is VERY disciplined but dynamic in model not static.

Do you know what Laminin is?
  • #6,409
  • Mar 27, 2009 11:36am Mar 27, 2009 11:36am
Quoting auxesis
The basic structure presented here is to trade the market’s direction, presented by the charts in a specific time frame, buying weakness (lows) in an uptrend and selling strength (highs) in a downtrend, and then adding as the impulsive move starts it’s run. The basic crux is to stay with the trend until the charts say otherwise, not relaying on technical indicators to determine in advance the future of price action. The idea is to feel the market as it unfolds it’s footsteps on the chart, and follow…….. not lead by expectation.
Market structure...
College biology was 20 years ago, but I think Laminin is a protien structure that is basic to cells, or something like that. If laminin goes wrong, you have serious problems, but can't remember which. Again, my memory goes just so far back. You know, the basic cell has a well defined structure and when something goes wrong, all hell can break lose. But, without structure the cell will not exist or survive. Would you tell the cell that its structure limits its survival? What would happen if all the cells in your index finger decided to junk their structure? No index finger, right?

I...must...stop...spending...this...much...time...on...FF!
  • #6,410
  • Mar 27, 2009 11:51am Mar 27, 2009 11:51am
Quoting Peglow1
College biology was 20 years ago, but I think Laminin is a protien structure that is basic to cells, or something like that. If laminin goes wrong, you have serious problems, but can't remember which. Again, my memory goes just so far back. You know, the basic cell has a well defined structure and when something goes wrong, all hell can break lose. But, without structure the cell will not exist or survive. Would you tell the cell that its structure limits its survival? What would happen if all the cells in your index finger decided to junk their...
Without being seen as proselytizing, the basic structural shape of Laminin, is that of a cross....... there are many correlations that can be drawn, but even in the smallest of substances we see them.

http://www.truthorfiction.com/rumors/l/laminin.htm

FF is a good relax when the markets are ranging, lol.

You wont be able to fully grasp this thread, viewing it through the eyes of todays mainstream Technical Analysis.
  • #6,411
  • Mar 27, 2009 12:36pm Mar 27, 2009 12:36pm
Quoting MaMood
Good Morning everyone!

I have some strange feeling that the very new member peglow and rapaduski could be brothers ;-)
Yep, I think you're right. We should all admit to trading with monopoly money so peglow can realise there's nothing here for him and be on his merry way.
  • #6,412
  • Mar 27, 2009 1:45pm Mar 27, 2009 1:45pm
Quoting auxesis
Without being seen as proselytizing, the basic structural shape of Laminin, is that of a cross....... there are many correlations that can be drawn, but even in the smallest of substances we see them.

http://www.truthorfiction.com/rumors/l/laminin.htm

FF is a good relax when the markets are ranging, lol.

You wont be able to fully grasp this thread, viewing it through the eyes of todays mainstream Technical Analysis.

auxesis, thanks for the link re: laminin. That is really cool. I think laminin came up in a PBS special on MD or something, but I can't be sure right now.

As for the thread, you may be correct and this is on the leading edge of thinking and trading. Or, this is just a way for FF to get more hits on their site to keep ad revenues up.
  • #6,413
  • Mar 27, 2009 2:53pm Mar 27, 2009 2:53pm
Quoting Peglow1

As for the thread, you may be correct and this is on the leading edge of thinking and trading. Or, this is just a way for FF to get more hits on their site to keep ad revenues up.
Peglow,
I welcomed you to this thread... and i am reading your messages carefully... can i please ask/request you to keep any kidn of Negative/skeptical comments with you...

Do you think a person like FTI will come to FF and make a deal to open thread and increase there revenue so he can get some money.....

Trust me you are lucky FTI is not here.. i am preety positive his comments would be...

Accept what is given here ... drink it eat it... you think there is a problem in this go ahead and search for some holy grail which i am very positive very blewed off when Geither was speaking this week...

So just for the sake of the way this thread nice and cosy atmosphere i request you to refrain from any negative posting..

Thanks
V
  • #6,414
  • Mar 27, 2009 6:29pm Mar 27, 2009 6:29pm
Quoting Peglow1
As for the thread, you may be correct and this is on the leading edge of thinking and trading. Or, this is just a way for FF to get more hits on their site to keep ad revenues up.

for you Peglow1

Inserted Video


Regards

  • #6,415
  • Mar 27, 2009 6:56pm Mar 27, 2009 6:56pm
Quoting fti
Alan Watts - Things, a Bigger Wiggle ie deceived by intelligence.
http://www.youtube.com/watch?v=rUzx9r8zCrY&fmt=18
I present to you, the tao, Dr Alan W Watts, the only westerner I know, who understood it and presented it for understanding.

regards
FTI: Iwanted to thank you for the Alan Watts link. I have been listening to mp3's of his lectures and radio series these last few weeks. Fun 'spiritual entertainer' as he called himself.
In trading, there is no bullshit. You either make money or you don't.
  • #6,416
  • Mar 27, 2009 8:06pm Mar 27, 2009 8:06pm
Lets not argue with Peglow.
Let us welcome him here.
Let him choose if it is beneficial for him.

Peglow: if you're still interested, please slowly re-read the thread.
Read 'The disciplined trader'.
  • #6,417
  • Mar 27, 2009 9:33pm Mar 27, 2009 9:33pm
I don't think you need to be Einstein to spot he's a troll.
  • #6,418
  • Edited 4:27pm Mar 28, 2009 4:13pm | Edited 4:27pm
Quoting fti
-no mentor, or course, or literiture can give anyone the holy grail to the secrets of success in trading in the markets.... onto their charts. What you will see is a beautiful piece of art, displaying very impressive hog wash....What many fail to realise, is that all these studies, basically are statistical tables plotted in graphic form to present a "picture" to assist traders in their decision process. The maxim being, that a picture tells a thousand words.
"That you can lie to some people all the time, all people some of the time, but not...
Just saw the starter for this thread. Reminds me of a book from college, HOW TO LIE WITH STATISTICS by Daniel Huff. In libraries everywhere. Lots of charts.
The book's from the mid-50's, just like the chemists from then that invented our food. I guess tdi's saying, we made something in ta we look at to fool ourselves.
  • #6,419
  • Edited 10:18pm Mar 28, 2009 6:42pm | Edited 10:18pm
Quoting hpr
Lets not argue with Peglow.
Let us welcome him here.
Let him choose if it is beneficial for him.

Peglow: if you're still interested, please slowly re-read the thread.
Hpr,

I originally agreed with your hospitality, but have changed my mind. He/she's intentions in this thread are only negative.

http://www.forexfactory.com/showpost...2&postcount=23

It used to be when the villagers didn't understand something they banned together with their pitchforks and torches and just killed something out of ignorance.

It's a shame when people cant look past cultural differences and try to understand the other person from a different perspective as language, lifestyles all relate in communication......specially when the author has about 30 years trading with a tier 1 bank, there's much to learn if you will just listen and try to understand what he's talking about, specially when ideas and thoughts are presented from an Eastern philosophy and mindset.
  • #6,420
  • Mar 28, 2009 7:39pm Mar 28, 2009 7:39pm
I have been with this thread for over a year and dont post much, but i think it should be closed again. Ignorance of people here......
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