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Technical Analysis Fallacy

  • #7,321
  • Jun 12, 2009 6:07am Jun 12, 2009 6:07am
Hi all, been a long time since I posted, after FTI's last post to me last year I have been spending time working on myself. I have recently got back to lower time frame charts with no indicators, however I still have a crutch I guess on daily pivots and psych levels. I seem to do better profit wise when I incorporate these levels into my entries and exits.

Good to see you back FTI. Still have not made journey to Fuji but have been working on controlling my response when stong emotions surface.
  • #7,322
  • Jun 12, 2009 6:13am Jun 12, 2009 6:13am
trichett in 15
To Live is the rarest thing in the world , Most people exist , that is all
  • #7,323
  • Jun 12, 2009 6:57am Jun 12, 2009 6:57am
Quoting Zoran
David, of course we are friends....

Now my riding of G/U has 158 pips profit(6401), E/U 84 pips( 4005). See the benefit of riding? And what is trend? This is trend, my friend.

I attacked @ 6460 with 40~60 pips out already. E/U @4024, with about 40 pips out already. (Thank you FTI for your attack teaching.) by the way.
  • #7,324
  • Jun 12, 2009 7:10am Jun 12, 2009 7:10am
Counter trend, so don't critizise, i understand...

started 6:33am local just squared 7:02 am 29 minutes

euro

bought squared
3996 4003 +7
3996 3991 -5

3987 3998 +1
3985 3988 +3
3978 3988 +10
3977 3986 +9

3981 3994 +13
3982 4005 +23
3982 4014 + 30 edit: +32 ooops

+91 +93
  • #7,325
  • Jun 12, 2009 7:17am Jun 12, 2009 7:17am
David, nobody said you can't make money on your ride. But you really don't need to keep thanking fti for things he didn't recommend you to do.
  • #7,326
  • Jun 12, 2009 7:28am Jun 12, 2009 7:28am
Quoting imjscn
David, nobody said you can't make money on your ride. But you really don't need to keep thanking fti for things he didn't recommend you to do.
No. I thank him because of other teachings.

G/U 200 pips now, E/U 130 pips.
  • #7,327
  • Jun 12, 2009 7:36am Jun 12, 2009 7:36am
Quoting Green_David
No. I thank him because of other teachings.

G/U 200 pips now, E/U 130 pips.
Does it make any sense that you teach us trend following strategy here?
  • #7,328
  • Jun 12, 2009 7:37am Jun 12, 2009 7:37am
Quoting Green_David
Now my riding of G/U has 158 pips profit(6401), E/U 84 pips( 4005). See the benefit of riding? And what is trend? This is trend, my friend.

I attacked @ 6460 with 40~60 pips out already. E/U @4024, with about 40 pips out already. (Thank you FTI for your attack teaching.) by the way.
David, I haven't been following in detail. When did you enter these trades?

When talking short sword tactics, if the market is trending then you will ride/attack for longer, right? If it is congesting then over staying is not a good idea, right?
  • #7,329
  • Jun 12, 2009 7:43am Jun 12, 2009 7:43am
Quoting Zoran
David, I haven't been following in detail. When did you enter these trades?

When talking short sword tactics, if the market is trending then you will ride/attack for longer, right? If it is congesting then over staying is not a good idea, right?
I longed first about 6amGMT E/U and G/U, then I feel not comfortable, closed with 0~20 pips. Then shorted G/U 6551 and E/U 4089.

Of course I did a lot scale in and out. It was congesting, but after congesting, it will go down further, isn't it? So, what should I worry about?

I am thinking square all (6357, 3966), the PA does not make me comfortable.
  • #7,330
  • Jun 12, 2009 7:55am Jun 12, 2009 7:55am
Quoting Green_David
I longed first about 6amGMT E/U and G/U, then I feel not comfortable, closed with 0~20 pips. Then shorted G/U 6551 and E/U 4089.

Of course I did a lot scale in and out. It was congesting, but after congesting, it will go down further, isn't it? So, what should I worry about?

I am thinking square all (6357, 3966), the PA does not make me comfortable.
Squared all with 189 pips and 120 pips. Maybe it will go down further, but I think I better get out of the market first.
  • #7,331
  • Jun 12, 2009 8:09am Jun 12, 2009 8:09am
See you guys next week.

Enough for me today. Have a good weekend, FTI and all.
  • #7,332
  • Jun 12, 2009 8:21am Jun 12, 2009 8:21am
nice job David, see ya next week.
  • #7,333
  • Jun 12, 2009 8:25am Jun 12, 2009 8:25am
just wondering whats the prob here...
he is leaving his scout to the trend and dancing when required... i do the same , i leave my scout in all the time ... i take them out in the deep and reinstall on tops...
isnt that the correct thing to do ,
I imagined long sword is more like weekly basis that sticks to the undercurrent trend and coupled with some option strats to limit its downside risk to 0...

edit
how many times does trichett wants to speak in a day , he is speaking again in sometime ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #7,334
  • Jun 12, 2009 8:30am Jun 12, 2009 8:30am
maheswara, everybody gets what they need from this thread. This thread is anything but definitive, that's the beauty of it. Let the P&L do the talking.

just my opinion

regards

i suppose you are reaping pips too ?
  • #7,335
  • Jun 12, 2009 8:43am Jun 12, 2009 8:43am
Quoting maheswara
just wondering whats the prob here...
he is leaving his scout to the trend and dancing when required... i do the same , i leave my scout in all the time ... i take them out in the deep and reinstall on tops...
isnt that the correct thing to do ,
I imagined long sword is more like weekly basis that sticks to the undercurrent trend and coupled with some option strats to limit its downside risk to 0...

edit
how many times does trichett wants to speak in a day , he is speaking again in sometime ...
Mahes,

I was under the impression that he was just positioning for the entry and then just letting it ride.

I agree with your philosophy, getting a part going at the beginning of a run and letting it stay in as you scale in and out on the pushes.

I think David is cutting himself short on profit potential but as aiyahmarklah just stated, P&L talks.

regards,
  • #7,336
  • Jun 12, 2009 9:12am Jun 12, 2009 9:12am
Quoting maheswara
just wondering whats the prob here...
he is leaving his scout to the trend and dancing when required... i do the same , i leave my scout in all the time ... i take them out in the deep and reinstall on tops...
isnt that the correct thing to do ,
I imagined long sword is more like weekly basis that sticks to the undercurrent trend and coupled with some option strats to limit its downside risk to 0...

edit
how many times does trichett wants to speak in a day , he is speaking again in sometime ...
maseswara,
I agree with you-- leaving Scout in an unfinished battle field is a proper way to implement AOW. David is trying long sward. Nothing wrong, but just 2 different concept and operation. fti also pointed direction for learning long sward and told him feel free to explore, isn't it enough to seal the discussion about long sward?
  • #7,337
  • Jun 12, 2009 9:41am Jun 12, 2009 9:41am
Hello. I read first pages of this thread and it seems to me, like there was some PDF manual for studyind. Please, is it true? If so, where can i find it. Thank you.
  • #7,338
  • Jun 12, 2009 9:47am Jun 12, 2009 9:47am
whats all these long sword short sword business about ?
  • #7,339
  • Jun 12, 2009 9:49am Jun 12, 2009 9:49am
Quoting Fana
Hello. I read first pages of this thread and it seems to me, like there was some PDF manual for studyind. Please, is it true? If so, where can i find it. Thank you.
hi Fana,

even if there is I doubt if its still available, any kind souls wanna share ?

But its good to read the thread in context. Especially the first 200+ pages
  • #7,340
  • Jun 12, 2009 10:11am Jun 12, 2009 10:11am
Quoting Fana
Hello. I read first pages of this thread and it seems to me, like there was some PDF manual for studyind. Please, is it true? If so, where can i find it. Thank you.
hey , maybe this cld help ,
reading the entire thread is 10x better though ,
its my note containing fti's sayings ...
Attached File(s)
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To Live is the rarest thing in the world , Most people exist , that is all
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