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Technical Analysis Fallacy

  • #12,761
  • Edited 2:37pm Jan 17, 2010 2:21pm | Edited 2:37pm
Quoting Fana
Hello friends
Here is my snowballs projection, please, comments and recommendations...
Hi Fana,
absolutely rigid risk mindset, esp MO
you best stay on demo and read thread carefully.
no chance of survival, not in the long term.
Your pain threshold is inadequate and you should NEVER ask for others opinion on risk appitite and abilities.
Worst is you have no understanding of the mindset and skill set required. READ thread and think.You do not understand what had been presented.

You cannot even think skews. Your mind will crash in running battle. You see technique only(rigid MO), no risk capabilities (strategic) and absolutely rigid MM. I do not believe you had any hands on battles in demo. About pushing the boundaries envelop, and measuring your risk capacity. If you demoed you were probably just playing game of unrealisitic simulation.


regards
  • #12,762
  • Jan 17, 2010 2:40pm Jan 17, 2010 2:40pm
Quoting fti
Hi Fana,
absolutely rigid risk mindset, esp MO
you best stay on demo and read thread carefully.
no chance of survival, not in the long term.
Your pain threshold is inadequate and you should NEVER ask for others opinion on risk appitite and abilities.
Worst is you have no understanding of the mindset and skill set required. READ thread and think.You do not understand what had been presented.

You cannot even think skews. Your mind will crash in running battle. You see technique only(rigid MO), no risk capabilities (strategic) and absolutely rigid...
Thank you Fti, this what i was asking was very easy calculation of my MM. Nothing more. So when it is not usefull, please recomend me how big the scout should be? Because when i am in the battle, i just go in, when risk is worth some bigger profit. When it changes quickly against me, i close it. I dont trade some system. It is foolish for me. So i asked for one thing(MM of snowballs). Thank you. Regards.
  • #12,763
  • Jan 17, 2010 2:50pm Jan 17, 2010 2:50pm
Quoting Fana
Thank you Fti, this what i was asking was very easy calculation of my MM. Nothing more. So when it is not usefull, please recomend me how big the scout should be? Because when i am in the battle, i just go in, when risk is worth some bigger profit. When it changes quickly against me, i close it. I dont trade some system. It is foolish for me. So i asked for one thing(MM of snowballs). Thank you. Regards.
I say again, Fana, read and think.
if you had simulated the demo for some time you would KNOW, your cracking point and the risk you can stomach without breaking down, mentally.

I am vey sad, I believe and had seen many of you, pick up a few ideas here , and tweak your old gaming , and expect to be successful. I gave you people a whole different way of mindset and MO and MM. For you to simulate and find your niche. But many just tweak your old arsenals and believe that you can win , while still holding on to your old ways.

You do that , just tweaking , and the skewing will take you out even faster.

Last time i repeat, Read Again and think , and simulate in demo. You think what i said is wrong, ok, you push it and see what happens to the account. Your mind will not learn , until you actually experienced it.

And how I know, because you are saying the wrong things. It is good that you say ,otherwise I cannot see if you understood. So no shame in it. I just see you telling me wrong things, and I already can feel your mindset is all wrong.

regards

PS there is nothing wrong with the skews, its not that. The fact you talk 20 pips, you already disqualified your training.
  • #12,764
  • Jan 17, 2010 2:56pm Jan 17, 2010 2:56pm
Quoting fti
I say again, Fana, read and think.
if you had simulated the demo for some time you would KNOW, your cracking point and the risk you can stomach without breaking down, mentally.

I am vey sad, I believe and had seen many of you, pick up a few ideas here , and tweak your old gaming , and expect to be successful. I gave you people a whole different way of mindset and MO and MM. For you to simulate and find your niche. But many just tweak your old arsenals and believe that you can win , while still holding on to your old ways.

You do that , just tweaking...
No sir, i dont thing that what you have said is wrong. I know that you are a wise man. You are experienced and professional. I dont simply ask for hearing : Yes, it is true. So now, time for study. Regards.
  • #12,765
  • Jan 17, 2010 3:03pm Jan 17, 2010 3:03pm
Quoting Fana
No sir, i dont thing that what you have said is wrong. I know that you are a wise man. You are experienced and professional. I dont simply ask for hearing : Yes, it is true. So now, time for study. Regards.
lest i redo the whole training process again.
you email me direct, during the weekends or when markets are not volitile. tell me what you learned after reading for a while , and I will redirect your thoughts.

this is best I can do to help you.

regards
  • #12,766
  • Jan 17, 2010 3:14pm Jan 17, 2010 3:14pm
Quoting Fana
Hello friends
....................................

Account 1600 USD, max. DD is 20pips/level
........
Max DD when all levels fail = 2% = 32 USD
........................................
Hi fana,

What do you mean by "20pips/level".

If you are 20 pips under entry level, you close all the trades?

IMHO
If that, it is not realistic. It is not flexible.....
If that, you should reduce your scout and L1 L2 L3 L4.....,
in this way you have more maneuvering space....

But may be i didn't understand you......

Rgs,

Textor
  • #12,767
  • Jan 17, 2010 3:17pm Jan 17, 2010 3:17pm
sold euro L2 14378
bot euro L2 14355

squared
  • #12,768
  • Jan 17, 2010 4:01pm Jan 17, 2010 4:01pm
isnt there a gap in Euro today????


V
  • #12,769
  • Jan 17, 2010 4:09pm Jan 17, 2010 4:09pm
Quoting Fana
No sir, i dont thing that what you have said is wrong. I know that you are a wise man. You are experienced and professional. I dont simply ask for hearing : Yes, it is true. So now, time for study. Regards.

Fana, when in doubt reread AOW:

"A general who has not fully mastered the art of extemporaneous responses may know the terrain like the back of his hand,
but will not be able to exploit this to his full advantage."

  • #12,770
  • Jan 17, 2010 4:13pm Jan 17, 2010 4:13pm
Quoting indianguyinny24
isnt there a gap in Euro today????


V
indianguyinny,
the OTC markets unlike exchanged traded markets are full of gaps every where. Prices infract from banks to bank and broker to broker. So in reality there's gaps every everywhere. It depends on what time frames you looking from.
so you can kiss the gap analysis goodbye.
in fact if you were trading with oanda you would be trading over the weekend, on wide spreads down. Sop far , they are the only ones making market in vacuum, that I know of. Much committed to customers market access and positional managability , althought on wider spreads. Takes guts and professionalism, doesn't it?


regards
  • #12,771
  • Jan 17, 2010 4:46pm Jan 17, 2010 4:46pm
  •  acim
  • | Joined Jan 2010 | Status: I'd rather be stacking :-P | 46 Posts
Thank you TFI for starting this thread and thanks to all the TFI-ers for making it a lively and lovely thread :-P.

Although it took me almost a month to go through this and a "lounge" thread I have really enjoyed the journey through it's pages. Sometimes I've ended up reading till early morning hours - couldn't wait to see the next post :-)

I am starting again from the post #1 .... a lot of "stuff" that have to be digested or as TFI would say "INTERNALIZE" it. Talking about #1 post .....there is a 1 sentence summary of TA there: ....." the rigidity of the parameters used in the studies imposes rigid responses to changing market conditions ". I should add that above sentence refers to "predictive" approach to TA which TFI is very much against - hence the title of the thread.

" N I M B L E " is the word used by TFI more then any other (if I am not mistaken) , and obviously for the reason. TFI backs up "nimble" with real trade examples he has made. He is also constantly pointing to "rigidness" in other traders approaches .... whether it be size of a scout, attack and rescue, TA ..... in short ....... MO and MM.

I am aware also how this approach is not for "chickens" and I might be the next chicken with it's head cut off by the markets .... lol. I am not trying to be negative ...... just that I have a whole "family" of spiders on my back from years of losses and bad habits in trading various markets. If my head does go off it will not be due to bad teaching of MO and MM presented by TFI here, but my own shortcomings.

I hope I am not too far from the core of TFI teaching and I want again to thank FTI and all other folks for keeping this thread running and your time reading this.

Happy trading,

ACIM
  • #12,772
  • Jan 17, 2010 4:50pm Jan 17, 2010 4:50pm
Quoting j-pax
this means you trade full-time now, no more helping guys like me, making nicotine free tabacco?? if you do ... congratulations

i will not mention the H word, just trade well
Full time?
...Maybe...I just keep the lady in front of me day and night...I am used to awake up every 45 min to check what she is doing and check on her every hour during the day...
Still...trying to save the smokers!
Empty as water and soft as a facing wind mountain
  • #12,773
  • Jan 17, 2010 5:13pm Jan 17, 2010 5:13pm
Quoting Fana
Hello friends
Here is my snowballs projection, please, comments and recommendations...
Hi Fana,

The skews are not that important. It is even advised to use 1-1-1 for attacks to get familiar with the process without too much exposure. You can't use a number of pips or a percentage point as your guide. This is not a math game.

Everything moves in small waves (and legs). Trick is to get in sync with the markets and build your position according to it. Previous wave is an ATR for the next one. Of course you can't really messure it literally.

Using rescues you will have months of trading with no losses but you have to really watch out for exposure. On the other hand when you put up 2% as your max loss or stop loss you will:
a) make a loss often
b) get rigid and comfortable with it
c) get careless

Therefore fti style of trading is considered very dangerous and if you read the thread you will see several people blowing out including myself once. That is why you should probably pull the plug sooner than your broker does. Putting a small/fixed % point as your stop will keep you in the game longer but will also prevent you from developing your mindset and MO.

Trading really depends on your energy and attitude towards it. You will see your energy burn when you are forced to nurse your position through twilight zone.

Good luck.
  • #12,774
  • Jan 17, 2010 5:14pm Jan 17, 2010 5:14pm
Quoting luSan
Full time?
...Maybe...I just keep the lady in front of me day and night...I am used to awake up every 45 min to check what she is doing and check on her every hour during the day...
Still...trying to save the smokers!
you switched to more TA less PA?? i am in the mode you where in during your early posting on this thread/ or trying.

good to hear you still pratice nano-tech. for some time now i smoke additive free tabacco "american spirit" and i smoke less now. (a tip for smokers here) it is still poison. so keep doing your thing please

pax
even with my eyes open i cannot see everything
  • #12,775
  • Jan 17, 2010 5:23pm Jan 17, 2010 5:23pm
Quoting j-pax
you switched to more TA less PA??
I try to dance within my time constrains and limited skills. All TA abandonned and even candlestick are suspicious. Better is to watch the waves or listen to the music...and of course...to be very patient with the learning process.

CU

PS.: I am in. 1D looks like an unexpected reversal. Would it continue? Who knows!
Empty as water and soft as a facing wind mountain
  • #12,776
  • Jan 17, 2010 5:37pm Jan 17, 2010 5:37pm
sold scout 14366
  • #12,777
  • Jan 17, 2010 5:40pm Jan 17, 2010 5:40pm
sold L2 14364
  • #12,778
  • Jan 17, 2010 5:42pm Jan 17, 2010 5:42pm
EU long squared out 4370 ... good trading everyone.

a little showing off my journal to attract some possible comments/learning for me.

http://www.forexfactory.com/showpost...1&postcount=24
even with my eyes open i cannot see everything
  • #12,779
  • Jan 17, 2010 6:01pm Jan 17, 2010 6:01pm
Quoting fti
lest i redo the whole training process again.
you email me direct, during the weekends or when markets are not volitile. tell me what you learned after reading for a while , and I will redirect your thoughts.

this is best I can do to help you.

regards
Hi everyone,
Was reading the exchange between fti and Fana. Fana, please, just be quiet now and start re-reading this thread. You have been given an opportunity to learn from one of the best, and he has even offered to answer your email questions. If you are a smart person, you will take advantage of this.
  • #12,780
  • Jan 17, 2010 6:14pm Jan 17, 2010 6:14pm
Quoting fti
Hi jacson,
thanks for the perspective.

wow,WOW, beautiful video.
reminds me, what a little thing I am in creation.
and what powers God gave us to rise above all of creation.
God be praised.

regards
Happy Sunday from Canada.
Faith is important to me as well. You have a good group here, glad I can add insight when possible.

Have some time to trade today's asian session, private account.

AOW..Test of accessible land..

L1 Scout bot 90.85 $/yen.

Regards,
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