... and the bag is the key ... ("three days and three nights in hell" ...)
Technical Analysis Fallacy
I read the gann book when I got to fti's recommendations of it in the thread. At that time Robert's trading in cotton, wheat and grain martket didn't catch my attention, since I was new to Forex and I was searching for "do this, don't do this" tips. I didn't realize that Robert's trading was food for thought and not some "do this, don't this" guide.
Now when I reread some parts of the book, I remembered how Robert's familly treated him in the beginning. I'm getting a similar treatment now. My brother is complaining why I am not working with him in his own business(althoug I helped him so much to establish it) and other family members and friends were laughing at me that I was making 0.5-2% per day which was little money since my account is small.
All this affected my mindset and I decided that I have to win more and faster.Here is the whole history of my account, you can guess where bad mindset stepped in.
As e result, I have now even smaller account. 2% is even less money. It's not them to blame for the failure, it's my fault listening to them and letting them ruin my mindset. Since the big dissapointment I'm trying to keep the book and slowly grow it. Maybe I'll use part of my scholarship to fund the account and then small percentage wins will be more money.
I guess I can't be a hero and make 200% a month, for those that can - good fortune guys
Have a nice weekend all after that battlestations on monday
Now when I reread some parts of the book, I remembered how Robert's familly treated him in the beginning. I'm getting a similar treatment now. My brother is complaining why I am not working with him in his own business(althoug I helped him so much to establish it) and other family members and friends were laughing at me that I was making 0.5-2% per day which was little money since my account is small.
All this affected my mindset and I decided that I have to win more and faster.Here is the whole history of my account, you can guess where bad mindset stepped in.
As e result, I have now even smaller account. 2% is even less money. It's not them to blame for the failure, it's my fault listening to them and letting them ruin my mindset. Since the big dissapointment I'm trying to keep the book and slowly grow it. Maybe I'll use part of my scholarship to fund the account and then small percentage wins will be more money.
I guess I can't be a hero and make 200% a month, for those that can - good fortune guys
Have a nice weekend all
after that battlestations on monday
- #15,003
- May 8, 2010 5:31am May 8, 2010 5:31am
- Joined Oct 2009 | Status: . | 4,038 Posts
Congratulations ScalaFX for coming out of the closet!
- #15,004
- Edited 8:44am May 8, 2010 7:25am | Edited 8:44am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Inserted Video
The red arrows can fly just as well, but i cannot find their clips.
- #15,005
- Edited 8:55am May 8, 2010 7:37am | Edited 8:55am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #15,007
- Edited 8:41am May 8, 2010 8:20am | Edited 8:41am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
- #15,009
- Edited 9:55am May 8, 2010 9:36am | Edited 9:55am
- Joined Nov 2007 | Status: Trader | 19,782 Posts
Thx for the quick reply FTI
BTW Mr. FTI, I have always had a question for you. I know you have been trading for many yrs. Have you ever felt sick of trading? Or you find joy in every moment of it? Just curious, lol.
Have a great weekend rest dear Mr. FTI and all dancers
Seriouly looking forward to monday market open
Yes, i got tired of the jail cell in the bank and decided to diversify my worth into properties development in some countries. Got my fingers burnt bad, lost heaps. Learned one very important lesson. Never trust money to anyone else. So i decided to come back to familiar airspace to do this for the rest of whats left of my life. For me, the senses are very numbed, mostly fearless dogfights in the markets. This keeps my egos well in check and ambitions are to me things of the past. Recently I challanged myself with a very uphill task. Small project, but when succeed, will be most plesurable. Its Forex related but nothing commercial, very minisque. Just for the challenge, keeps me on my toes. And I keep my pockets lined with profits with some spot forex trading.
regards
- #15,011
- May 8, 2010 1:40pm May 8, 2010 1:40pm
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
- #15,012
- Edited 2:21pm May 8, 2010 1:58pm | Edited 2:21pm
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
I guess I can't be a hero and make 200% a month, for those that can - good fortune guys
There will always be external factors.. rent, girlfriend, parents, friends. Better learn to deal with it while risking small.
At the end of the day, it's your own ego that is acting up. I have been there.
PS - the sooner you will get the 100% & 200% out of your head the better. MaMood made 500% in a day once but that is no benchmark. This is not a contest. Consistent 1% a day is huge already.
- #15,013
- May 8, 2010 9:18pm May 8, 2010 9:18pm
For me, the senses are very numbed, mostly fearless dogfights in the markets. This keeps my egos well in check and ambitions are to me things of the past. Recently I challanged myself with a very uphill task. Small...
Actually I have a challenge for myself too. That is to convince my family of what I am doing is right. I have a very triditional chinese background. You know, the RICE culture type. They think its a GET-RICH-QUICK scheme.
I had to admit thou, at the very start I thought of it as a way to get rich, but I am glad I carried on after I was proved wrong. Now I enjoy every moment of it even if its hardcore screen time ants work.
How did you feel when you were starting as a dealer? Were you addicted in your work? Or you just saw it as a way to make a living? I never worked in a bank, so I wouldn't know...
*fearless dogfights ---- Are you the cat??? lol
Life is a school for the soul
I think it's time to open the can of worms. Why not? Some will get it, some wont while others will abuse goodwill. Personally, I prefer to share, speak and express myself freely. I don't like secrets and in the past I have refused to be shown certain "secret" methods of "trading" because I wouldn't be allowed to share it with others. It's not that I particularly want to reveal a "secret", it's just that it prevents me from freely expressing myself. I don't want to remember what I can and can't say - I just want to say what's on my mind - freely....
I agree
and I am all ears. 
May be later I will have something to say
but right now I just want to say thank you for the clues posted a couple of days ago, and for the many posts you have made from the start of this thread.Regards,
Baifu
Hello Zoran
Also, I was emotionally moved by the book. He must be a man of great emotions and love to even write stories like that.
*BTW, now when I look at a chart, I see strings of coiled lines. When you look at the prices from a different dimension, you can see coils within coils. Sombody please tell me if I am going crazy!!!
For me I cannot recall ever reading anything so ....... , and I only forced myself to skim the book out of my great respect for fti the trader.
If reading the book is the price for getting the "secret" I rather forego that privilege
On the other hand you are definitely not crazy for seeing coils within coils. Cycle within cycle, wheel within wheel, trend within trend, spiral within spiral, that's universal like the Law of Inertia. And the Law of Vibration, must admit my understanding of the latter is literal rather than official fti teaching, I take it to mean price does not move in straight lines (retrace appears as we zoom in, trend within trend).
And Gann does not own the patent to universal laws.
I have no quarrel with knowledge, faith, love, discipline. Just rather achieve it through understanding of self, not Ezekiel XX:XX or astrology, but again, that's just my own short coming
Regards,
Baifu
- #15,019
- May 9, 2010 6:16am May 9, 2010 6:16am
Interesting, I mean no disrespect to you or anyone else who enjoy the book, it just proves we are all so very different, and that makes the world more interesting.
For me I cannot recall ever reading anything so ....... , and I only forced myself to skim the book out of my great respect for fti the trader.
If reading the book is the price for getting the "secret" I rather forego that privilege
On the other hand you are definitely not crazy for seeing coils within coils. Cycle within cycle, wheel within wheel, trend within trend,...
I am not offended, but happy for someone to share their view.
I really enjoyed the read as a story book. I think it helps to notice hints because when you are not bored, your brain works much better. When you are bored and reading, you tend to miss out a lot of useful insights.
There was small amount of hints that were given along the way. The bible part and astrology are not important. When he speaks in plain language, he drops sands of gold. Some points I still don't get, so I need to reread it.
However, that is what I think. I hope more could share their views about this subject.
Regards
Life is a school for the soul
- #15,020
- Edited 8:36am May 9, 2010 7:41am | Edited 8:36am
for those of you who were bottom picking:
from Bloomberg
EU to Set Up Fund to Prevent Spread of Greek Crisis
Jolted into action by the sliding currency and soaring bond yields in Portugal and Spain, leaders of the 16 euro countries said the workings of the financial backstop will be hammered out before Asian markets open late tomorrow European time.
http://www.bloomberg.com/apps/news?p...26BXQTVE&pos=1
regards
Interesting week, last week.I'm very confident there will be P&L holes somewhere on the books because of last week.
Looks like owners are very active this weekend.
http://www.reuters.com/article/idUSTRE6481A220100509
Staying nimble and trading the chart, high skews in play.