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Technical Analysis Fallacy

  • #13,301
  • Feb 3, 2010 8:18pm Feb 3, 2010 8:18pm
Quoting GEfx
Good question. I think there has been some confusion about the direction of the forex market structure and liquidity. In my experience, the market operation is normal now and money is being made. Perhaps Volker's proposal to eliminate prop trading at US banks is part of this, but we know now that his proposal has no support in the US Senate or House. So, perhaps some people are using this time to evaluate their trading careers or are just giving up. In time, things may get back to normal but until then, patience is needed. I am waiting to hear from...
GE,

I'm at a loss on what the future holds. Leverage restrictions I can live with, don't like it, and it may force me into different markets where resources required would be safer but will cross that bridge when it gets here.

I watched the ag reports the other day, and there was an individual (wish I had his name and credentials), but he yapped on about the commodity/futures markets and how legislation was needed to regulate it to bring it back to a tool of the farmers and producers and not speculators.

It seems there's hands or wannabe hands in all the markets at the moment.

I really don't know. The way things work now are in part due to the flexibility of the markets, if they clamp down too much who knows where the money will move too. I agree something needs to be done to insure the fiasco does not happen again, but they are are about to sacrifice the cash cow on the alter of populism.

regards,

As for the thread, seems most of the old gang has moved on, popping back in every now and then. Which is a sign of success or failure, people come here looking for answers, if they find them they grow, if not they move on. As for FTI, I don't want to speak for him, probably just needs a break and apart from the social aspects of the thread, there's not much to add.

Time for a new batch of traders to take up the mantel.
  • #13,302
  • Feb 3, 2010 8:59pm Feb 3, 2010 8:59pm
Quoting piphop
I have been lurking here for 6 months and reluctantly post this, my first message in the midst of all this apparent gloom.

WHY the gloom on this thread?

I have been playing around with Technical Analysis for 12 years and now at last a Thread that tells it how it is! A thread that has the potential to lead the lost out of the jungle and into profitability.

This week has been my most profitable week. I now win far more often than I lose. I have abandoned all my indicators and Stop Losses. My account is steadily growing thanks to all that I have...
The thread is a gift, it is all what you make it, throw your thoughts out there, personally I've never looked at the posts as gloomy, .
There has been a pretty good push maybe some our tired, taking a break, doing other things, whatever it is understandable.
  • #13,303
  • Feb 3, 2010 9:29pm Feb 3, 2010 9:29pm
Inserted Video
  • #13,304
  • Feb 3, 2010 10:38pm Feb 3, 2010 10:38pm
Apologies

I must have misread the feel of the thread. I thought people were giving up on it which imho would be a terrible shame.

Best Wishes to all
With wisdom comes humility. With humility comes wisdom!
  • #13,305
  • Edited 3:30am Feb 4, 2010 1:40am | Edited 3:30am
relatively stronger GBP...

Nonsense... i short it now...
  • #13,306
  • Feb 4, 2010 3:34am Feb 4, 2010 3:34am
Market is moving and I am in several trades. -- way to go London. I think it is time for me to take a break from the thread, too. Perhaps I will focus on my journal for a while or just sit back and trade. Good trading to everyone and stay focused.
  • #13,307
  • Feb 4, 2010 6:59am Feb 4, 2010 6:59am
Quoting piccolo
8h with no new posts, this thread must be entering the twilight zone now.

Looks like we have scared off all the newcomers. (or hopefully they are reading the thread from the beginning and studying on their own)

Time for me to take a break aswell.
Hi..

I just found this thread and only reading it for last few days.
The thread is too long and only manage to hit page 25.

Anyway can declare himself to be successful trader after reading through this thread?
  • #13,308
  • Feb 4, 2010 7:12am Feb 4, 2010 7:12am
Quoting incrediblefx
Hi..

I just found this thread and only reading it for last few days.
The thread is too long and only manage to hit page 25.

Anyway can declare himself to be successful trader after reading through this thread?
no u r wasting ur time here , go to the systems forum , wat u r looking for is there ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,309
  • Feb 4, 2010 7:16am Feb 4, 2010 7:16am
Quoting incrediblefx
Hi..

I just found this thread and only reading it for last few days.
The thread is too long and only manage to hit page 25.

Anyway can declare himself to be successful trader after reading through this thread?
After reading it - NO. This is not a textbook. It is the screen time and practice that makes the difference. Auxesis made a very good point above. Also, the thread may show you the path, but it won't walk it for you. 95% of "traders" fail because they think forex is something they could learn for a week or two and then become millionaires. If you are looking the quick stuff then go to some other thread describing what needs to cross what for you to buy/sell and become filthy rich for a week. You will find many enough threads of that type.

Just my .0002

Edit: mahes got there first. And much shorter, lol
  • #13,310
  • Feb 4, 2010 8:14am Feb 4, 2010 8:14am
ya if he cant finish the thread , he ll mostly wont be able to take the kick market gives in the beginning ... might as well save him the time

1.3800 gonna be highly watched level ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,311
  • Feb 4, 2010 8:37am Feb 4, 2010 8:37am
Quoting incrediblefx
Hi..

I just found this thread and only reading it for last few days.
The thread is too long and only manage to hit page 25.

Anyway can declare himself to be successful trader after reading through this thread?
Not sure about TAF, however there are Jacko wacko and James 16, where many testified their success using their methods, those threads are equally if not longer. The learning journey is even shorter if you just pay them a fee a learn directly from them without having to read through those lengthy threads. TAF is 100% free, so.....
  • #13,312
  • Feb 4, 2010 8:45am Feb 4, 2010 8:45am
Quoting incrediblefx
Hi..

I just found this thread and only reading it for last few days.
The thread is too long and only manage to hit page 25.

Anyway can declare himself to be successful trader after reading through this thread?
I notice that we have become very hostile (including myself). So I will try to be nice.

This thread can and will make you profitable if you follow the warnings and are willing to learn (that is- drop everything you know about forex and trading so far).

It is based on Modus Operandi of investment banks. So you have to have time and capital at your disposal. FTI has tried to bring it down to earth but there are no shortcuts.

There will be only very few actual trading examples and most of the thread is based on making you think right. There is enough to learn both, think right and trade right.

At the end of day you will not get a system that you can follow.

BUT if you are open enough and willing, you can develop your own system based on the material that is presented here.

Part of the tread deals with trading psychology.. which is (in my humble opinion) more importand than everything else- that is the ability to act swiftly and without hesitation when in danger/under stress. This is something you can't learn from reading. Only from extensive training.

So if you have the time to invest then go ahead. Read the threads (later you will discover that there are 2 actually). It will be worth it.

Edit: I read your second post. Read James16 and Jacko thread aswell. James16 deals mostly with PA which is basically a prerequisite for TAF.
  • #13,313
  • Feb 4, 2010 8:46am Feb 4, 2010 8:46am
Quoting maheswara
ya if he cant finish the thread , he ll mostly wont be able to take the kick market gives in the beginning ... might as well save him the time

1.3800 gonna be highly watched level ...
Hi..

please don't be sarcastic.
I posted a sincere question and asking anyone's opinion and not only yours.
But you bombarded me with sarcastic reply.
  • #13,314
  • Feb 4, 2010 8:49am Feb 4, 2010 8:49am
Quoting maheswara
ya if he cant finish the thread , he ll mostly wont be able to take the kick market gives in the beginning ... might as well save him the time
How do you know for sure ? Some learn by doing, others read a book, many read internet forums, there are many paths to profits dude. So far top traders I know have never read TAF before. TAF has excellent stuff, maybe some just don't have the fate to learn whats inside.
  • #13,315
  • Feb 4, 2010 8:51am Feb 4, 2010 8:51am
Quoting piccolo
I notice that we have become very hostile (including myself). So I will try to be nice.

This thread can and will make you profitable if you follow the warnings and are willing to learn (that is- drop everything you know about forex and trading so far).

It is based on Modus Operandi used by investment banks. So you have to have time and capital at your disposal. FTI has tried to bring it down to earth but there are no shortcuts.

There will be only very few actual trading examples and most of the thread is based on making you think right....
piccolo,

thanks so much.
I wasn't in fact looking for any trading system.
I've been trading stocks for past 10 years from indicator based to PA based and I know what fti is talking.

However before I invested much more of my time, I was looking for big picture on what this thread is about. You've summarized it clearly and that's what I was asking.


I don't look for sarcastic reply as my question wasn't meant to be sarcastic to the thread participants.
  • #13,316
  • Feb 4, 2010 9:00am Feb 4, 2010 9:00am
Quoting aiyahmarklah
How do you know for sure ? Some learn by doing, others read a book, many read internet forums, there are many paths to profits dude. So far top traders I know have never read TAF before. TAF has excellent stuff, maybe some just don't have the fate to learn whats inside.
thats not what i meant ,
trading requires hard work and real spirit of pursuing knowledge , be it market knowledge or knowledge about ownself...
if one cant put time and effort to simple stuff like reading , there is just no way u can be succesfull when it actually comes to the things that actually matter...

if u dont love this game no way u can be in the top 5% , oh and only the top 5% makes money ...

edit:
incrediblefx : wasnt being sarcastic , was being truthful ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,317
  • Feb 4, 2010 9:04am Feb 4, 2010 9:04am
Quoting incrediblefx
piccolo,

thanks so much.
I wasn't in fact looking for any trading system.
I've been trading stocks for past 10 years from indicator based to PA based and I know what fti is talking.

However before I invested much more of my time, I was looking for big picture on what this thread is about. You've summarized it clearly and that's what I was asking.


I don't look for sarcastic reply as my question wasn't meant to be sarcastic to the thread participants.
I can understand. I have read a ton of worthless threads myself. Now I read only this one..
  • #13,318
  • Feb 4, 2010 9:29am Feb 4, 2010 9:29am
Quoting maheswara
thats not what i meant ,
trading requires hard work and real spirit of pursuing knowledge , be it market knowledge or knowledge about ownself...
if one cant put time and effort to simple stuff like reading , there is just no way u can be succesfull when it actually comes to the things that actually matter...

if u dont love this game no way u can be in the top 5% , oh and only the top 5% makes money ...

edit:
incrediblefx : wasnt being sarcastic , was being truthful ...
maheswara,

don't worry.. it could be just misunderstanding.
It was my first posting in this thread so I thought, i could get a better reply.
I'll be more active and hopefully can contribute as much as I know from the perspective of the stock market.

cheers..
  • #13,319
  • Feb 4, 2010 9:43am Feb 4, 2010 9:43am
FTI:
I did not post here for many months ... It took me many months to implement attack sequence in my trading.
Thanks a lot...

Everybody chooses their own way of analysis and prediction but your MM and modus operandi are way forward...
it's o'k to win ...
  • #13,320
  • Feb 4, 2010 9:49am Feb 4, 2010 9:49am
Quoting incrediblefx
maheswara,

don't worry.. it could be just misunderstanding.
It was my first posting in this thread so I thought, i could get a better reply.
I'll be more active and hopefully can contribute as much as I know from the perspective of the stock market.

cheers..
10 years in the stock market ?
how successful are u in the stock market ?
10 yrs is quite a lot of time ...
To Live is the rarest thing in the world , Most people exist , that is all
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