Technical Analysis Fallacy

Don't forget the other thread TAF Lounge - there are some hidden jewels there also.

Happy new year guys I have to wait for 5 hrs

I can't belive I am fuckin alone at home After 12 I'll have to go to downtown to see my classmates. weird

Zoran thank you for the many pointers you have provided throughout the 2 threads I am now on p.617 of the main thread and p128 of the lounge thread. Yes both threads are full of jewels.
Thank you FTI for the kind welcome, I will continue to study and demo trade

Very thoughtful to share your thouights of prayer with the thread.

Like to say thanks also to all who gave their well wishes.

Im a reading.

Happy new year to FTI
and all those that venture
in the dancing floor!

i wish everyone here a great 2010, many pips. but more important i wish for all, love and health for you and yours.

i was not around last month, because i felt i did not understand market structure and could not contribute....

fti;s "gift" made me think about a market wizard who said 20 % was about planning and 80% about execution. (20%general 80%commander)

pax

A few pictures to check out.
http://www.msnbc.msn.com/id/34377341.../?beginSlide=1

A few videos.

http://www.peter-schiff.com/videos.php

A few pictures to check out.
http://www.msnbc.msn.com/id/34377341.../?beginSlide=1

Nice photos Lilpip. Thanks Ray.

Hello, this is my first post in FF, only to give thanks and tell you my story.

My first contact with the markets was in mid-2007. I started reading some books, and after a couple of months I was trading CFDs with real money, very little money indeed. I switched to YM, but immediately I closed the account because I saw that although it seemed easy, in reality it's not: my trading was limited by the size of my account, and small movements swept my positions. And I don't want to say anything about my mindset :-(

I had to do it otherwise. I started saving a small part of my job's salary, for the time when I thought I was ready. Meanwhile, I read everything I could find. I have programmed my strategies, mechanical and TA based, of course, with their stoploss's to protect my capital. None of them assured me, in a reasonable way, a proper result.

In September 2009 I found this thread. I had already seen before, but at first I thought it made no sense, that trade without stops (so I understood), it made no sense to me, it did not seem reasonable.

I have not finished reading it entirely yet, but it has changed my way of looking the markets. After paper trading a couple of weeks, in October 2009, I opened a real Forex account, because the test results were not bad. Really I'm not ready yet, but it's part of my training. The account is very small, a small portion of the savings that I had begun to reserve for this purpose.

At first I was unable to buy or sell. The paper trading had not given me confidence. The first month, with many BE and low PIPs, I lost 3% of the account. The bailouts were not functioning as I was not able to dance with the market.

After that I tried to let go, to flow and dance. Everything changed. From november I haven't lost almost any trade. Now my account is 3% bigger that when I created it. I know that I have to dance with the trades that go to my forecast, and attack. I'm still afraid, it's lack of discipline, now I'm fighting it.

I don't have fixed numbers in my battles, except the last stoploss (MM) and daily range, and I keep open one spreadsheet with possible outcomes. I try to trade regarding only the PIPs, not the account. I almost managed to remove the fear of the open, which allows me to begin to see the movement flow. Without the conscious limits, I noticed that my rescues are infinitely more accurate than my scout, and I am not able to reason the rescue entry points in a way that makes sense for me. Now I have to send my scout as I do my rescue, with some mental trick that I have to invent.

I want to thank everybody, especially to you FTI, the lessons that you have given us to take away that fear and to try to discern the market. You have left marks, changes and reorganizations in many minds, disclosing imho, one of the best possible ways to trade successfully.

Thank you very much and a happy 2010 to all.

I think I found fti's dragon.

http://www.msnbc.msn.com/id/28854872...framenumber/1/


Nov. and previous months space pictures.
http://www.msnbc.msn.com/id/34149283.../?beginSlide=1

Hello. I just thing, that you are too quick. Perhaps...it is not possible to absorbe this noble teaching in one or twoo month. Please, be careful. Very careful. I had nearly 9% profit first 2month. The 3month... 50% drawdown...
Scorpions are always ready, dont baffle yourself with quick success. Regards

Thank you Fana, i'll keep in mind.

Happy New Year to everyone at TAF. Just got back from skiing in Colorado and managed to not break anything. Looking forward to 2010 and spending time with you all. Bless fti and all those who help keep this thread going.

Does anyone else have this spike in their DJIA chart? Looks like broker tricks? Chart is from late Dec 2009.

Hi Zoran. No.

Wow, this is an example of utter ignorance as to what is going on in this thread. Let's stop the world and re-write it so Leon can better understand it before he move on in life. LOL. Leon, I have read lots of threads in FF and understand that rude/bad behavior is accepted throughout FF. Not here. Please read the entire thread and join us, but civil behavior is required.

Here is a happy thought to start the new year. My mind goes to wierd places when I am skiing -- LOL. Consider the enormous debt levels that the US, Europe, Japan and UK have built up to now, and are planning to build over the next ten years, will they ever be able to pay them off? The answer, which I think is well understood by everyone, is no. The solution for the US will be a devaluation of the dollar. I think the US devalued the dollar by 75% in 1934, so perhaps that is a good level to move toward when this happens. It will be interesting to see if there is a coordinated effort with Europe, Japan and the UK. There was one sign in 2009 that this might be in the plans, when the US announced that it will stop minting gold coins. Watch for an announcement in the US that gold mining operations on public land will begin again (to drive up US's already enormous gold reserves). Just a thought.