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  • #10,541
  • Sep 17, 2009 2:14am Sep 17, 2009 2:14am
Hi All,
I am on an urgent task at moment , so may be undisposed for a little time.=))

Thanks to all you good traders keeping the thread warm.

will return as soon as I can.

regards
  • #10,542
  • Sep 17, 2009 3:17am Sep 17, 2009 3:17am
Hi everybody,
I was thinking about the question I raised.
Quoting Eiman
I guess the same goes for the market. You should go with the flow. But the question is that how would you sense it? How would you know whether it's a real move not a fake one?
And I found the following:

Quoting fti
---------
There are many ways to trade, and for everyone the decision making process is different.
What you have discribed are very mechanical methodology.
It would be the way to go , if you were a machine.

Try to feel the market, ask yourself questions all the time.
You are not carzy if you ask the questions , only if you listen.

Look at the chart, ask yourself,
what didi the market do when it was last at this level, historically?
was this levels significant chart wise?
which direction is the market trending?
try to feel if its try to go......
I don't know why it cuts the quote?!
Anyway, though it might be a help.

Have a nice trading day,
Eiman
  • #10,543
  • Sep 17, 2009 4:10am Sep 17, 2009 4:10am
Quoting auxesis
J-pax,

Understand I am learning too.. some pics to ponder, starting with FTI's famous chart.

Know that there are a million, zillion different ways a chart can play out, these are just to provoke some thought and not the answer. Remember in an up trend we want to Buy weakness (valleys) and Sell strength (peaks).

You can trigger candles, levels whatever but you want but the best is to learn to feel the market getting ready to pounce.

for what they are worth,
Wow ... So cool !!!
  • #10,544
  • Sep 17, 2009 4:13am Sep 17, 2009 4:13am
Thanks for starting a great thread fti and thank you to everyone who has contributed thus far. I have not yet read it in its entirety however what i have read so far has been extremely helpful in better understanding the forex market. As much as i would love to read 800 pages and over 10,000 odd posts, i have limited internet access atm. Please forgive me for asking but is there someway your methods can be explained in short via pm or even here? Now i know the gems throughout this thread are well worth reading the entire thread however, i just dont have that kind of time atm. If someone could give me a rundown via pm it would be most appreciated. Sorry if you feel my request is unreasonable.
  • #10,545
  • Edited 4:43am Sep 17, 2009 4:29am | Edited 4:43am
A-game, sorry, but this is not.... If you want to drink coffe with your friends... Do you tell them: Do it quickly, I have no time...??
Or, if you do some job... And you tell to yourself: So now, i have a minute, go earn some tousands on forex... than you continue with 50USD/hour...

There is no such quick Holy grail.... you are looking for maybe...

There are many from the town of Farhiza... Ready to "help"...

Imagine ... Some chap is in street... shouting "Come on, whoo wants... here i have a box with money... take it for yourselves if you want.... but people tell him: No, we want to earn money, not get them without of working...".
  • #10,546
  • Sep 17, 2009 4:51am Sep 17, 2009 4:51am
Gold is maybe overbought...
  • #10,547
  • Sep 17, 2009 4:58am Sep 17, 2009 4:58am
Quoting A-game
Please forgive me for asking but is there someway your methods can be explained in short via pm or even here? Now i know the gems throughout this thread are well worth reading the entire thread however, i just dont have that kind of time atm. If someone could give me a rundown via pm it would be most appreciated. Sorry if you feel my request is unreasonable.

not that its unreasonable ,
but there is no way to shortcut ur learning ...
thing is in this business , the most skilled and most experienced profits ...
so to be better than everyone else , u need to polish ur skill and fails a lot of time to gain experience ...
I also wished that I can learn something just like that with an ease (like in the matrix , Neo learned the copter by downloading the module to his brain )
sadly for everything we have to go thru a process , anyone here can give u the rundown , it still wont do good to u if any it ll only do harm ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,548
  • Sep 17, 2009 5:49am Sep 17, 2009 5:49am
Quoting Fana
Gold is maybe overbought...
All time high in Gold was something like 1033, Gold is on a tear north and no one knows where the top is yet. You will know it when it gets there sells off and then fails to make a new high when the top is retested.

Don't guess.
  • #10,549
  • Sep 17, 2009 5:54am Sep 17, 2009 5:54am
Quoting fti
Hi All,
I am on an urgent task at moment , so may be undisposed for a little time.=))

Thanks to all you good traders keeping the thread warm.

will return as soon as I can.

regards
Wishing you Godspeed.
  • #10,550
  • Sep 17, 2009 6:09am Sep 17, 2009 6:09am
[quote=auxesis;3067662]All time high in Gold was something like 1033, Gold is on a tear north and no one knows where the top is yet. You will know it when it gets there sells off and then fails to make a new high when the top is retested.

Yes, i was observing, that eur/usd often correlates with gold. Today it wasnt...So I thoudht that it was gold, what was "more" bearish...
  • #10,551
  • Sep 17, 2009 6:14am Sep 17, 2009 6:14am
Quoting A-game
Thanks for starting a great thread fti and thank you to everyone who has contributed thus far. I have not yet read it in its entirety however what i have read so far has been extremely helpful in better understanding the forex market. As much as i would love to read 800 pages and over 10,000 odd posts, i have limited internet access atm. Please forgive me for asking but is there someway your methods can be explained in short via pm or even here? Now i know the gems throughout this thread are well worth reading the entire thread however, i just dont...
Sorry...but all is so darn simple that it very hard to explain...the whole package seems to be needed and deeply incorporated within our mind.
yes...the whole thing?
Even the silly(?) stories are very important...It is not just for entertainment, but the scorpion do exist, Egor is watching over our shoulders when we trade, and God does come several times to give us the opportunities for salvation.
(At least I use them when I have to make a decision)...
After you read the first 150 pages then you might begin having some clarity....
but there are over 6000 messages!...yes...but what a journey!

If I were starting again I would...
1) Read the first 150 pages...then every one of fti' messages
2) Setup my charts as: 1D,1H,15M,5M for E/U...and 1H,5M for E/U,G/U,U/Y
3) Remove all indicators but a yesterday high and low on the 1H chart you will find some place in the thread.
(Yes...all even the moving averages...not even trend lines!)
4) Open an small account with Oanda and start life trading with 100 units (E/U)...that means 1pips=1 cent
5) training loop: practice...ask questions...practice...until developing instintic reaction to the chart music...then I would be increasing my size slowly...very slowly...

I would try no to copy anyone way of doing this dance but develop my own ways as per my own understanding...and grow from there.. I would use the thread a trading traing book...dumped all the messages into microsoft words and print the whole thing...then read it slowly...it would take a long long time...I know...but the thread is worth thousand of dollars...(yes...and I would dump all the other trading books from my library)

Why so?
Because this trading thing is not something mechanical but 95 % psychological...and we are our worst enemies...this will take a long while...it is serious business and those that do not love it, I think, will likely fail.

Enjoy and be patient...

Are you ready for all this?
If not, use your money for something else because then we would clean eventually your pocket.

Edit: and yes...the boss will get very pissed whenever he senses any rigidy in your ways...if that happens, it is not personal but his way of showing that he really cares about.
Empty as water and soft as a facing wind mountain
  • #10,552
  • Sep 17, 2009 6:54am Sep 17, 2009 6:54am
@ Fana'

'If you want to drink coffe with your friends... Do you tell them: Do it quickly, I have no time...??''

Yes if i have limited time to spend with them. They are my friends they understand. Who mentioned the holy grail or a system i can follow? I sure didnt. A simple rundown of the overall method is what i was hoping for from someone who was interested in helping a fellow trader with limited internet access.


@ maheswara

I did not ask for a shortcut in learning? I asked for a shortlist on the material i need to go and learn myself. This week i read ''the disciplined trader'' and ''trading in the zone'' by Mark Douglas and ''Master the markets'' by Tom Williams.......again for the second and third times......Im not looking for a shortcut or some holy grail mechanical system in fact its ridiculous that anyone even a newbie would think there is one after reading the thread starters first post? And i have been known to spend 12 hours devouring entire threads to learn the material so please dont assume im looking for a handout.

@ luSan

Thank you for your helpful message. I will go back and follow your instructions to try and get an understanding of how fti's methods can be applied. Much appreciated.
  • #10,553
  • Sep 17, 2009 7:20am Sep 17, 2009 7:20am
Unemployment claims out in about 10 minutes, get ready everyone

good trades
  • #10,554
  • Sep 17, 2009 7:27am Sep 17, 2009 7:27am
Thanks LuSan,
3) Remove all indicators but a yesterday high and low on the 1H chart you will find some place in the thread.
I missed that one about yesterday's high and low on the 1H charts. I must keep that in mind next time I reread the thread. Ray
  • #10,555
  • Sep 17, 2009 7:45am Sep 17, 2009 7:45am
Quoting A-game

@ maheswara

I did not ask for a shortcut in learning?
I ve posted a text file called fti.txt here in the thread, u can use the thread tools and search for the attachment , it contains most of fti sir's message , I thought u were already holding it , sorry my bad ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,556
  • Sep 17, 2009 8:04am Sep 17, 2009 8:04am
Quoting 1234
Thanks LuSan,
3) Remove all indicators but a yesterday high and low on the 1H chart you will find some place in the thread.
I missed that one about yesterday's high and low on the 1H charts. I must keep that in mind next time I reread the thread. Ray
Note: that one is not for signal trading but a reminders of yesterday high/lows. You actually do not needed.
Empty as water and soft as a facing wind mountain
  • #10,557
  • Sep 17, 2009 8:10am Sep 17, 2009 8:10am
Happy trading day to you all. Been in and out of several trades and now in a wait mode. Time for some fresh coffee and some fresh air. Seeing some indications of risk appitite returning to the market so let's see what develops now. Good trading everyone.

A-game: listen to luSan. Read fti's material then re-read. Practice and re-read. Welcome aboard.
  • #10,558
  • Sep 17, 2009 8:42am Sep 17, 2009 8:42am
Dollar bear looks like it's waking up, looking for a pull back to long Euro, see what happens
  • #10,559
  • Sep 17, 2009 8:49am Sep 17, 2009 8:49am
who let the bears out ?
who? who ho-who?
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,560
  • Sep 17, 2009 8:51am Sep 17, 2009 8:51am
Quoting maheswara
who let the bears out ?
who? who ho-who?
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