Attachments: Technical Analysis Fallacy

Technical Analysis Fallacy

#11,081
Oct 27, 2009 8:47am Oct 27, 2009 8:47am

maheswara
| Joined Aug 2007 | Status: Senior Member | 1,798 Posts

@pete,

I see the problem is time constraint ... even for j-pax ...
I take my loss if my time is closing out and Im in negative , but again once I think my time is almost up , I rarely open a large positions ...

Im not sure how to fit the MO to 2-3 hrs a day game ... i can only think trading at very low tf like 30seconds
or trade the daily tf without leverage ...
but im not sure if it will work out profitably ...

To Live is the rarest thing in the world , Most people exist , that is all

#11,082
Oct 27, 2009 1:59pm Oct 27, 2009 1:59pm

lilpip
| Joined Aug 2007 | Status: Trader | 2,219 Posts

watchen e/u 4817 area.

#11,083
Edited 2:49pm Oct 27, 2009 2:05pm | Edited 2:49pm

fti
Joined Nov 2007 | Status: Trader | 19,782 Posts

Inserted Video

#11,084
Oct 27, 2009 7:35pm Oct 27, 2009 7:35pm

pete.alfa
| Joined Dec 2007 | Status: Trader | 560 Posts

Quoting maheswara

Disliked

@pete,

I see the problem is time constraint ... even for j-pax ...
I take my loss if my time is closing out and Im in negative , but again once I think my time is almost up , I rarely open a large positions ...

Im not sure how to fit the MO to 2-3 hrs a day game ... i can only think trading at very low tf like 30seconds
or trade the daily tf without leverage ...
but im not sure if it will work out profitably ...

Ignored

Hi Maheswara,.

Thanks foryour comment. Now I'm thinking going to increase 3-5 hrs instead of 2-4hrs but sometime I feel tried so I finish early (or may be want to relax

watching TV)
Nowaday I'm very much more confident to do the rescue operation. And also I dont have a big loss any more but very little gain 15-25pips only.
But I'm having problem of picking side which I have to workout how can be done? (Now I'm thinking even when I'm working

)

Cheers,

#11,085
Oct 27, 2009 7:46pm Oct 27, 2009 7:46pm

lilpip
| Joined Aug 2007 | Status: Trader | 2,219 Posts

eyes open e/u 4783 area.

#11,086
Oct 27, 2009 11:26pm Oct 27, 2009 11:26pm

indianguyinny24
| Joined Jul 2007 | Status: Trader | 2,994 Posts

Euro down against dollar....

Dollar down against Yen...

Safe haven trading... ???

V

#11,087
Oct 28, 2009 12:19am Oct 28, 2009 12:19am

MaMood
Joined Oct 2007 | Status: Trader | 4,269 Posts

Hey good morning friends from Europe!

Glad to see that you are still around!

Just a short comment on TF's, fti-style of trading and trading hours per day:

People I know of, that have only 2 or 3 hours a day for trading and using fti's style and following his teachings, have switched to a very short TF (M1 or less).

But to be honest, most people with such less hours for trading have left fti's teachings behind. Not because they are not worth trading, but one of the basics is to have enough time to babysitt your trades.
If you are dancing a very slow blues with your lady you can't force her to dance a quickstep with you. It is a very fundamental part of his teachings to have the enough time and be patient, to time your attacks and rescues very well.

I personally have this problem on Mondays and Tuesdays.
My family tasks allow me only to trade from the very early european morning till London lunch. But it is ok, because this time includes one "complete" trading session/cyclus - the London Opening. This means, that most of the time the market gets some impulses and will find a new equilibrium till London Lunch. So I get the opportunities to dance with my Lady (USDJPY) a complete song.

But I have to say, that I'm by far not that agressive, as from Wednesday to friday, wheer I have 3x24 for trading and nursing my lady ...

Just my 0.02EUR....

Wish you all the best!

MaMood

#11,088
Oct 28, 2009 5:30am Oct 28, 2009 5:30am

Fana
| Joined Mar 2009 | Status: Trader | 1,849 Posts

Hello friends
I study sir FTI's teaching and i have some problems with clear understading of some parts...
-What are trading modes... (attack,rescue...)
-What are 3kingdoms? How to use 1,1,2....how to use it? How to rescue...

I only have to ensure that i understand, because it is not pressented clearly.. I need some more "navigaton"...

Regards Fana

#11,089
Edited 9:28am Oct 28, 2009 9:02am | Edited 9:28am

j-pax
| Joined May 2008 | Status: Trader | 525 Posts

Quoting Fana

Disliked

Hello friends
I study sir FTI's teaching and i have some problems with clear understading of some parts...
-What are trading modes... (attack,rescue...)
-What are 3kingdoms? How to use 1,1,2....how to use it? How to rescue...

I only have to ensure that i understand, because it is not pressented clearly.. I need some more "navigaton"...

Regards Fana

Ignored

hello fana,

first off all fti presents his knowledge in his own special way... but sometimes i do not understand clearly and ask the senior guys here.

i asked some of your questions and answers where (i hope i remember correct)

:

-What are trading modes... (attack,rescue...)
i think you are right these are trading modes... but also being patient when things are not clear

-What are 3kingdoms?
read about the dow-theory. it is about relations between indexes, in FX currency pairs.
when you watch the 3 major pairs for some time, it will make sense
-How to use 1,1,2....how to use it?
this is a way to average into a (4) position. so you are not fully in at your first trade

-How to rescue...
when you rescue you use a larger ammount off capital than your position to get to breakeven on a quick move in the direction you chose.
you have to be a good trader to do this because when you are wrong... i think you understand

do i remember correct that you are trading a live account??? esspecialy with rescuing i strongly suggest you practice with this on a demo-account.

greets, pax

even with my eyes open i cannot see everything

#11,090
Oct 28, 2009 9:49am Oct 28, 2009 9:49am

Fana
| Joined Mar 2009 | Status: Trader | 1,849 Posts

Quoting j-pax

Disliked

hello fana,

first off all fti presents his knowledge in his own special way... but sometimes i do not understand clearly and ask the senior guys here.

i asked some of your questions and answers where (i hope i remember correct) :

-What are trading modes... (attack,rescue...)
i think you are right these are trading modes... but also being patient when things are not clear

-What are 3kingdoms?
[color=red][color=black]read about the dow-theory....

Ignored

j-pax, thank you. Yes, i trade live, but now have a break because of resettling to my new flat(with internet and good circumstances for trading...)
- Normally i do good profits nearly every day, but i did something... So i have to have discipline and all weapons in right order when i start again. I a still in "observe and try" mode...

#11,091
Oct 28, 2009 9:55am Oct 28, 2009 9:55am

j-pax
| Joined May 2008 | Status: Trader | 525 Posts

Quoting Fana

Disliked

j-pax, thank you. Yes, i trade live, but now have a break because of resettling to my new flat(with internet and good circumstances for trading...)
- Normally i do good profits nearly every day, but i did something... So i have to have discipline and all weapons in right order when i start again. I a still in "observe and try" mode...

Ignored

allright

congratulations with your flat. this must improve your concentration wich is also very important.
when you are ready again... trade well and carefull with some "weapons" presented here... like fti said, they could take your own head off

even with my eyes open i cannot see everything

#11,092
Edited 11:09am Oct 28, 2009 10:55am | Edited 11:09am

fti
Joined Nov 2007 | Status: Trader | 19,782 Posts

Hi ALL,

Introducing my best buddy in the whole world.

http://www.pythonjoe.blogspot.com/

This is his blog , enjoy

regards

#11,093
Oct 28, 2009 1:04pm Oct 28, 2009 1:04pm

textor
| Joined Jan 2008 | Status: Trader | 389 Posts

Quoting fti

Disliked

Hi ALL,

Introducing my best buddy in the whole world.

http://www.pythonjoe.blogspot.com/

This is his blog , enjoy

regards

Ignored