Technical Analysis Fallacy

Happy trading day to everyone. Hope you are all staying focused and trading well. I have been short the CAD several times since London open and am now watching the E/J for a long position. The yen seems to have found equalibrium so any move from here may catch my attention, too. Good wishes to everyone.

This place became so quiet...
lately...
every one is sleep...

http://www.usdebtclock.org/

hey luSan, are you updating your journal ?

Nope...
I stopped...I might do it later...
I am focusing on light trading...

a real nightmare

Lusan, you meant, you now try smaller size or you trade less time? If smaller size, does it mean you start protecting your profit of this year?

Size the same....
Will upside on January.
Profit target met.
Light means that I am not pushing
the fibo skew..
I stay in the low side of the skew.

I see.
Congrats on your hitting profit target!

Thank you fti, leighsww, lusan and other,
I am current on page 133 and my demo account has been growing everyday for the pass 2 weeks of taking my time to study this thread. I am no longer afraid of sending scout to battle. The fear factor has reduce but I am yet to fully know how to attract well, knowing that it will bring the bacon home, but I know as time go on as I practice on the demo account I will learn it.
Thanks and God bless.

ccesom,

welcome to the thread.

you sound as new as me in this game.

I used to be really annoyed at being stopped out of a trade. now without the stop loss i find myself more relaxed about positions going against me as i'm confident of rescuing trapped positions.

still working on the attack sequence.

i attempt to play around with the demo not with the intent to make the pips yet but to let the market push me in every other way to learn the ways of the market. that way i'm not afraid of positions going against me. once the fear is gone then work on making the pips.

rgds
ru

odd to say this...
but if I were starting again...
I would be demoing for longer than i did...
take your time...there are so many lessons to learn.
Good luck.

That's rite I'm still doing demo. I'm confident with rescue now except attck until I'm good on attack I'll go for live.
recommend to newbie bcos you can try anything,anyhow & anyway to win(with your comfortable zone) until you find the solution without fear of losing money even though it's small money
As imjscn comment, it's correct

About significant levels---- fti taught us support/resistance are alive and dynamically changing with current price actions

Rgds,

happy Birthday 2 u ...happy Birthday 2 u..happy Birthday TAF thread ....

happy Birthday 2 u....


guys 2 years ago FTI sir started this thread and it has tested one of the biggest recession we will ever see....


Time to add some comments like last year....any idea what we should do for 2 years....


Just wanted to thanks FTI sir... nothing more can be said what we havent said...




V

All the best to the
2nd anniversary of TAF thread!

Thank you very much, fti, for your boldness to start this experiment with us in a public forum. My deepest respect,sir!

I remember, one year ago I was very very enthusiastic about my new learned skills. I thought, well now I'm there. I'm a real strong trader now. But my resumee this year says, that I have improved/evolved very strong from my last year skills, but I'm still at the very beginning. There is so much deep knowledge/wisdom in this thread I have to digg for.

Found a reserach paper some days ago, that was about how our brain is handling knowledge. It stated, that all the people that have reached a let's say virtuosic level of their art (playing the piano or viloin, playing chess, doing sports or trading, meditation) need around 10.000 hours af training. And this 10.000 hours do not included the research and the thinking about your art. It is the time needed just by practicing it! (after this time brain starts to build up versy specialized neural nets and the pathways of our nerves are getting physically stronger, so that the reaction time is up to 50 times faster, than with standard pathways).
ok, ok - to tell you about that was not my intention for this posting ....

I wish you all the best with trading in fti's style.
Do not give up on it. Use this thread as a basis for you research and practicing. It will lead you to success (or you will recognize that trading is not your cup of tea ...)

Thank you again, fti!!!
I wish you all the best, where ever you are at the moment and whatever you do!

Regards,
MaMood

Happy 2nd anniversary to this thread and a big thanks to fti.

I am now completing my 4th year in this game and I'd like to share my story.

I started trading DOW and EUR/USD on naked charts to begin with. When I think back it was all done on feel and with the exception of a few initial big wins it all started heading down hill. It's all clear now, greed, inexperience, scorpians etc... After my first year I pretty much killed my first account and ended up several thousand pounds in the red. Although I funded my account from profits made from investments, it was still money I didn't want to throw away.

After the first year I decided to get a little serious and invested in the book "Technical Analysis of Stock Trends" by Edwards and Magee after it was recommended by someone. After studying this book and following it on a micro account I managed to find success and made profit after profit for a few months until it was all wiped out within a few days.

Realising I had a critical flaw in my abilities and was on a low, I decided to look around Forex Factory and came across this thread. After reading about fti and his background I thought if anyone had the answers it would be him and have since stayed in this thread religously.

It wasn't long into his teachings that I realised how much time and effort trading involved and that was something I didn't have. I essentially stopped trading apart from the occasional days. I studied and absorded his teachings as much as I could and that's what I basically did until about the time I completed 3 years in this game.

Earlier this year I got back in but not strictly following his method although using all his teachings, I devised a strategy that I saw was a winner. I followed it and after 2.5 months of trading I recovered all of my initial losses and got to the stage of being ahead and in profit. I haven't traded much throughout the year again due to work commitments but although it hasn't been smooth sailing all the way, I have continued to maintain profit and being ahead.

I now have a few goals to reach, one being to trade completely with market profits so I am working away slowly. Time is still limiting but I continue to observe the market on a daily basis and trade when time permits. I thank fti for sharing his wisdom and allowing me to develop into a much stronger person.

Zoran

Happy trading day to everyone. Tomorrow in US will celebrate Thanksgiving, and I just want to thank fti for this wonderful thread, for all of his hard work in putting it together, and for putting up with us! God bless fti and God bless everyone who participates here.

I hope everyone is trading well today and the forex has been cooperating nicely with many pips. Not sure who put the whip to the yen today, but thank you very much. And, the CAD is quickly becoming my favorite currency so thanks to them this morning, too.

Stay focused everyone and get some pips if they come your way!

Happy 2nd anniversary,TAF!

I didn't imagine that somebody could save me from going ashtray. But my trading life is saved by this TAF thread. Thanks, dear fti, the Market become such a wonderful place because of you!

To my TAF fellow traders-- Happy pipping!

2yrs!


consistency is key