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Technical Analysis Fallacy

  • #9,121
  • Jul 29, 2009 12:46am Jul 29, 2009 12:46am
Quoting btr5596
Just want to say hello to everyone, I have been a follower of this thread since close to the beginning, but havent contributed yet. The last few times I came around there were some very rude intruders that really took this thread off course in a very bad way. And I became slightly standoffish after watching so many original members become frustrated, and reverting to old methods, completely jumping ship. It got to a point where even reading this thread ruined my mindset for trading. But, I'm glad to see so many good people keeping this gem active,...

Hi and welcome btr5596!

2 years following fti's teachings without asking any question - seems you are a real master of patience and selfstudying ;-)

As you have noticed while reading this thread, the most difficult aspects of following fti's teachings for most of us are "Egor" and greed. At least for me ...

If you get/keep this scorpions controlled, this thread is very very valuable and will lead you on your jouney to become a permanent successful trader ...

Good fortune!

Cu,
MaMood
  • #9,122
  • Jul 29, 2009 12:55am Jul 29, 2009 12:55am
Quoting fti
looks like I will be busy riding the bull for a few weeks. and of course I shall be resting sometimes.


Fti,

Don't want to second guess the leader, but isn't that a bit o' crystal balling?

Regards
  • #9,123
  • Jul 29, 2009 1:09am Jul 29, 2009 1:09am
Quoting auxesis


Fti,

Don't want to second guess the leader, but isn't that a bit o' crystal balling?

Regards

Hi Mr. Laminin,

just want to thank you once again for the link to that breath taking video of Laminin. There have been some changes in my view and thinking about life, after watching the whole set of videos ....

Cu,
MaMood
  • #9,124
  • Jul 29, 2009 1:20am Jul 29, 2009 1:20am
Quoting MaMood
Hi Mr. Laminin,

just want to thank you once again for the link to that breath taking video of Laminin. There have been some changes in my view and thinking about life, after watching the whole set of videos ....

Cu,
MaMood
Mamood,

That's the best post I've read!



a
  • #9,125
  • Jul 29, 2009 1:35am Jul 29, 2009 1:35am
haha she didnt get me this time , been ready from Frankfurt , usually getting ready on London opening , nowdays 2 hrs earlier already wearing my dance shoes,
btw I wonder where gro is , miss his paintings...

goodtrade to all for today
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,126
  • Jul 29, 2009 2:01am Jul 29, 2009 2:01am
Quoting maheswara
haha she didnt get me this time , been ready from Frankfurt , usually getting ready on London opening , nowdays 2 hrs earlier already wearing my dance shoes,
btw I wonder where gro is , miss his paintings...

goodtrade to all for today
Yes, I find that when I am trading the afternoon asian session, about 10 minutes before the hour when Franfurt start, the pace quicken, candles get larger and things start happening. An hour later when London starts, movement is also fast, but be carefull of change of direction. Good trading to all for the rest of the trading day. Ray
  • #9,127
  • Jul 29, 2009 2:35am Jul 29, 2009 2:35am
Quoting luSan
Sorry chief...
I just got back from NYC after 10 hours drive....
I will amend myself...
I was SQUARED!
Now I am riding an evening bull with my scout.
CU
nothing to be sorry about Lusan, just wanted to get you terminology correct. Otherwise the pros, they may laugh at you calling a dog a cat.

regards
  • #9,128
  • Jul 29, 2009 2:37am Jul 29, 2009 2:37am
Quoting lilpip
s- 1x e/u 4193
2x90
4x87 and closed@ 69
back up to 82
sx3 @ 79 gotta get back to it.

attacks stopped for moment watching 55 area, portion taken off.

being a pig, scout in the other way and will be quick to kill it, still holding from 90 area.

scout killed @ 52.

eyes open e/u 4102-06.
Hi Lilpip,
you seem s in good shape, my friend.
biting big chunks.

regards
  • #9,129
  • Edited 3:04am Jul 29, 2009 2:40am | Edited 3:04am
Quoting auxesis


Fti,

Don't want to second guess the leader, but isn't that a bit o' crystal balling?

Regards
Hi auxesis,
Ya, in essence , the profits may be getting to the head.
and true to form , from FFT open the usd bear just lost her form.
Wonder if she'll be back anytime soon.

regards
Inserted Video
  • #9,130
  • Jul 29, 2009 4:01am Jul 29, 2009 4:01am


Cool rebound of my Lady at the 9400 level.
Let's see what the rest of the day will bring ...
  • #9,131
  • Jul 29, 2009 5:53am Jul 29, 2009 5:53am
Quoting MaMood
Hi and welcome btr5596!

2 years following fti's teachings without asking any question - seems you are a real master of patience and selfstudying ;-)

As you have noticed while reading this thread, the most difficult aspects of following fti's teachings for most of us are "Egor" and greed. At least for me ...

If you get/keep this scorpions controlled, this thread is very very valuable and will lead you on your jouney to become a permanent successful trader ...

Good fortune!

Cu,
MaMood


Thanks MaMood! And trust me, I quit this method several times due to scorpions. Self study was the easy part, the patience...not so much!

Each time time I reverted to mechanical/system style trading I would see the futility in it more and more. One thing that made the difference for me was rereading this thread in its entirety over and over and over again. I made a handbook of all important posts, and read it for a few hours every sunday night before bed. Definately suggest this to anyone having trouble or just starting out. It is extremely time intensive, but a few months of consistantly reading, and rereading this thread will do wonders (plus consistent trading of course).

Seems the EUR/USD is doing some heavy testing on the long charts...hmmm lets see what develops. Good trading to all!
  • #9,132
  • Jul 29, 2009 6:49am Jul 29, 2009 6:49am
big usd bull stampede , ! have a small euro short in my small acc ,
big acc suffered some set back , hopefully will be back for war in time

good trade to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,133
  • Jul 29, 2009 7:07am Jul 29, 2009 7:07am
squared after until news.
Watch out!
Empty as water and soft as a facing wind mountain
  • #9,134
  • Jul 29, 2009 7:15am Jul 29, 2009 7:15am
Happy trading day to you all. I am focused on the E/$, E/J, and the G/$. Will include the $/CAD when it makes sense to do so. No trades so far today since London. Maybe we will see if yesterday was a correction or the beginning of a dollar bull trend. Durable Goods in 15 minutes. BTW, CHF has been moving north today on possible SNB intervention??? Some news out there to that effect.
  • #9,135
  • Jul 29, 2009 7:29am Jul 29, 2009 7:29am
Quoting maheswara
big usd bull stampede , ! have a small euro short in my small acc ,
big acc suffered some set back , hopefully will be back for war in time

good trade to all
what happened,mahes, the ride was smooth as silk?

Bi account small account, but better be squared for figs soon.
  • #9,136
  • Jul 29, 2009 7:31am Jul 29, 2009 7:31am
Quoting luSan
squared after until news.
Watch out!
???

Oh you mean you're sq for figs, 8:30?
  • #9,137
  • Edited 10:23am Jul 29, 2009 7:36am | Edited 10:23am
Quoting fti
???

Oh you mean you're sq for figs, 8:30?
yep.

Edit: collected my troops,
squared
and
watching from the benches...
Happy hunting to all
with this bull ride.
Empty as water and soft as a facing wind mountain
  • #9,138
  • Jul 29, 2009 7:39am Jul 29, 2009 7:39am
Be a little careful , figs are mixed.
but I believe pic intact yet.
  • #9,139
  • Jul 29, 2009 7:56am Jul 29, 2009 7:56am
Hey USD bulls - what are you waiting for???
Please give me a clear direction for my Lady USDJPY.

Till now I started my trading day with the bounce from 9400 to 9480.
Then I continued to dance the swing down from 9500 to 9475.
And now I'm waiting again.
Is she going for a Up - down - cha cha cha again ???
  • #9,140
  • Jul 29, 2009 8:04am Jul 29, 2009 8:04am
Just for info:

1259 GMT [Dow Jones] "Based upon last week's CFTC Commitment of Traders report, short dollar positions, particularly against the euro had reached the highest level since March 2008. With forex trading volumes down 25% from the previous year, the lack of participants and the one sided positioning are the perfect ingredients for profit taking," noted Kathy Lien of GFT. (RFO)

Disclaimer: Be aware of possible Cow Dung included ;-)
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