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Technical Analysis Fallacy

  • #6,701
  • Apr 22, 2009 9:10am Apr 22, 2009 9:10am
Quoting j-pax
thanks all for the suggestions,

i will certainly look for the hidden jewels in the rest of the thread but no slow reading of 6700 posts.
I've read it through a couple of times but I tended to concentrate on fti's posts...obviously I had to read what he was anwering in some cases. Apart from that I found Zoran and Northpro worth including in the reading material. There are probably lots of other worthwhile posters but like you say it's a lot to read and I didn't want to get distracted from the main strategy.
  • #6,702
  • Apr 22, 2009 9:31am Apr 22, 2009 9:31am
Quoting j-pax
...since lusan said he trades inside the candle i was curious. does he look at the last candle as if it was a tick-chart??
i do practice to look at PA this way but i do not know yet what TF is good for me.

i just keep studying the thread and the charts... i believe it will become clear one day.
I used to this. Now I have more time so I am much slower...
..it is a very risky operation and demands a lot from my mindset...
I am not even sure anymore that fast trading is a good idea...
rescue operation demands time...any losses I had with that approach
were due to lack of time with lead to impatience and poor choices..
also I believe that the trading period is critical...the best is when the market is not trending....but... who am I to say?

The best is to follow whatever fti indicates....he is the man...
you could adapt but that it at your own risk...
and indeed this strategy is VERY risky.

Good trading,
Empty as water and soft as a facing wind mountain
  • #6,703
  • Apr 22, 2009 9:57am Apr 22, 2009 9:57am
Quoting Confucius09
mate that was pretty cool, thanks for the link check this one out its just as cool

http://www.ted.com/index.php/talks/v...your_mind.html
yup I saw that one already too , I like most of the videos in TED ...

btw that euro bull caught me off guard ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,704
  • Apr 22, 2009 10:01am Apr 22, 2009 10:01am
Hi everyone

Recently found a pretty cool forex chat room:
http://www.ircforex.com/chat/
You can chat right on the site or there are directions for connecting with IRC
From what I can tell there's quite a few active members posting trades.

It would be interesting to see some fellow TAF followers in there though, it might facilitate a little more lively discussion than the forum.

Anyway, come join me if you wish, I feel kind of lonely among these others posting about their stop losses and predictions
  • #6,705
  • Apr 22, 2009 10:05am Apr 22, 2009 10:05am
Quoting usw
Hi everyone

Recently found a pretty cool forex chat room:
http://www.ircforex.com/chat/
You can chat right on the site or there are directions for connecting with IRC
From what I can tell there's quite a few active members posting trades.

It would be interesting to see some fellow TAF followers in there though, it might facilitate a little more lively discussion than the forum.

Anyway, come join me if you wish, I feel kind of lonely among these others posting about their stop losses and predictions
i just joined user fx_mahes , lets disturb the pros
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,706
  • Apr 22, 2009 10:56am Apr 22, 2009 10:56am
Quoting maheswara
i just joined user fx_mahes , lets disturb the pros
i joined too fx_indianguy


V
  • #6,707
  • Apr 22, 2009 1:12pm Apr 22, 2009 1:12pm
Quoting usw
Hi everyone

Recently found a pretty cool forex chat room:
http://www.ircforex.com/chat/
You can chat right on the site or there are directions for connecting with IRC
From what I can tell there's quite a few active members posting trades.

It would be interesting to see some fellow TAF followers in there though, it might facilitate a little more lively discussion than the forum.

Anyway, come join me if you wish, I feel kind of lonely among these others posting about their stop losses and predictions

I am in too !
  • #6,708
  • Apr 22, 2009 1:22pm Apr 22, 2009 1:22pm
mahes and I are in #taflounge, to get away from the riff raff
  • #6,709
  • Apr 22, 2009 1:23pm Apr 22, 2009 1:23pm
Quoting usw
mahes and I are in #taflounge, to get away from the riff raff
how can i find it ?
  • #6,710
  • Apr 22, 2009 10:47pm Apr 22, 2009 10:47pm
Quoting Marlon
how can i find it ?
In the chatbox type /join #taflounge
Read 'The disciplined trader'.
  • #6,711
  • Apr 23, 2009 6:59am Apr 23, 2009 6:59am
Quoting j-pax
thank you gro for you reply,

i do read the thread slowly and carefully. and keep reading AOW and book of five rings.

FTI said (before page 100) that "all is here" if you read Slowly and carefully.
this is why i doubt about re reading or finish the entire thread.

you ask: "if you are a gentleman, how long waiting 1min. or 5min.?!?"
i am a guy... i don't know if i understand you question, i try to answer anyway.

i have patience to watch te 5 min chart but often i have only 1 hour (20 candles) to trade. the waves in this timeframe look...
Hi j-pax

I try to explain.
1.How long would you wait for someone?

Gentleman waiting 5min. (1min. is too short a periode, and 15min. it is too long time). ... average 7min. "candle give birth to candle"

2.Trade in 5min. graph, and rescue operations can take up to several days.

How long you would have rescued, when trading higher time frame?Month?

And how long you keep attention? Days or weeks?

My rescue operations?

Read at your own risk
I wrote to "read and forget".Why?

"overall result was above the state of the entire operation"
I do not have a method, I stayed "memory muscle" as golf players.

The whole rescue operation when I was imprisoned, I took stock of the enemy and use of strategic advantage the movement (random has limits).
1.My analysis = "determination" no speculation

2.Scout and Terminal for me CRUCIAL

3."overall result is above the state of the entire operation" and monitor my "Panic point".

Regards

  • #6,712
  • Apr 23, 2009 8:07am Apr 23, 2009 8:07am
Quoting luSan
I used to this. Now I have more time so I am much slower...
..it is a very risky operation and demands a lot from my mindset...
I am not even sure anymore that fast trading is a good idea...
rescue operation demands time...any losses I had with that approach
were due to lack of time with lead to impatience and poor choices..
also I believe that the trading period is critical...the best is when the market is not trending....but... who am I to say?

The best is to follow whatever fti indicates....he is the man...
you could...
good to hear you don't have to get up so very very early and trade 1 hour.
i hope this means you now trade for a living.

above you say the best is when the market is not trending. do you mean for shorter timeframes?? ... i found this was the case. in trending markets (to me a newbie) it's harder to see entrypoints and the moves are faster. i guess it is selfdestructive to trade both ways in a trend.

i realy have to rearead fti's lessons because i was thinking he acts realy fast on price action. this was his short sword and the trendrides his long sword... so i thought i practice short wooden (demo) sword only. now i am thinking i probably get killed with only the minor weapon of two.
even with my eyes open i cannot see everything
  • #6,713
  • Apr 23, 2009 8:42am Apr 23, 2009 8:42am
poor euro not allowed to move without dow's supervision

edit :
housing in 12 mins , stay tuned
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,714
  • Apr 23, 2009 8:44am Apr 23, 2009 8:44am
Quoting j-pax
good to hear you don't have to get up so very very early and trade 1 hour.
i hope this means you now trade for a living.
Nope...I just study Forex...Actually it seems that I began to work again -part time-doing chemistry research...(Forex study means to watch charts, make entries, test different strategies. It does not mean reading books, but actual live trading.)

Quote
above you say the best is when the market is not trending. do you mean for shorter timeframes?? ... i found this was the case. in trending markets (to me a newbie) it's harder to see entrypoints and the moves are faster.
Sure. He explains in many different ways. Check it out...still the main point is that nobody knows which music will be played so we must be quick on our feet and manage the positions...no prediction but dancing in sync

Quote
i guess it is selfdestructive to trade both ways in a trend.

I never trade both way.

Quote
i realy have to rearead fti's lessons because i was thinking he acts realy fast on price action. this was his short sword and the trendrides his long sword... so i thought i practice short wooden (demo) sword only. now i am thinking i probably get killed with only the minor weapon of two.

The more I study and practice...
the more I see that for day trading fti's teachings are very sound but tough.
Keep reading...he said so much and so fast that
it might take years for rigid one like me to assimilate them.

Good trading,
Empty as water and soft as a facing wind mountain
  • #6,715
  • Apr 23, 2009 8:59am Apr 23, 2009 8:59am
Quoting Gro
Hi j-pax

[left]I try to explain.
1.How long would you wait for someone?

Gentleman waiting 5min. (1min. is too short a periode, and 15min. it is too long time). ... average 7min. "candle give birth to candle"

2.Trade in 5min. graph, and rescue operations can take up to several days.

How long you would have rescued, when trading higher time frame?Month?

[left]And how long you keep attention? Days or weeks?

[left]My rescue operations?

Read at your own risk
[left]I...
hey Gro,

thanks for explaining,
i am a guy who would wait an hour for a nice girl.... iam probably desperate.



i certainly do not have the determination like you. when i read about your rescueing i feel your scout has gone realy far into enemy country.

i care about my scouts but i give them up if i risk bad mindset.... this would not be fair to the other troops

i remember a movie "black hawk down". if you can go see it, i realy recommend it.

i hope you are doing well
even with my eyes open i cannot see everything
  • #6,716
  • Apr 23, 2009 9:24am Apr 23, 2009 9:24am
Quoting j-pax
i realy have to rearead fti's lessons because i was thinking he acts realy fast on price action. this was his short sword and the trendrides his long sword... so i thought i practice short wooden (demo) sword only. now i am thinking i probably get killed with only the minor weapon of two.
You have probably read enough but you may need to spend time internalising it. Seeing that you have restrictions with time it may take a while. Take it slowly and lightly, there is no need to imitate fti. So let it flow and let fti's teaching come to you and your mind.

When I trade (not as often as I would like), fti's teachings and presentation do appear out of nowhere and things become more clear.
  • #6,717
  • Edited 4:41pm Apr 23, 2009 1:12pm | Edited 4:41pm
Quoting j-pax
hey Gro,

thanks for explaining,
i am a guy who would wait an hour for a nice girl.... iam probably desperate.



i certainly do not have the determination like you. when i read about your rescueing i feel your scout has gone realy far into enemy country.

i care about my scouts but i give them up if i risk bad mindset.... this would not be fair to the other troops

i remember a movie "black hawk down". if you can go see it, i realy recommend it.

i hope you are doing well
Hi j-pax
Movie "black hawk down" I saw nice film.
You know how created "O.K."? ... in times of civil war when returned fighters so kept table at what was writing "0 killed"

Regards

PS I am waiting for a new pretty girl no more than 4min, but I waiting my girlfriend sometimes more than 2 hours
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  • #6,718
  • Edited 2:45pm Apr 23, 2009 1:16pm | Edited 2:45pm
... interesting 111.111.111. x 111.111.111.= ?
  • #6,719
  • Apr 23, 2009 10:20pm Apr 23, 2009 10:20pm
Quoting maheswara
just a question about dealer from this thread and an attempt to create a healthy discussion around here ...

an excerpt-

For dealers, its a different game, because when markets are going up in a BEAR market, customers keep making them short,
their book keeps getting bigger short, but their average cost of being short keeps going up.
all they have to do is to wait for the trend to enforce and
when the market returns to the point where the buying started ,
[i]he would make nearly the amount of money...
Is that when we give the books to fti ?
  • #6,720
  • Apr 23, 2009 10:39pm Apr 23, 2009 10:39pm
Quoting lilpip
Is that when we give the books to fti ?
lol
To Live is the rarest thing in the world , Most people exist , that is all
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