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Technical Analysis Fallacy

  • #15,061
  • May 9, 2010 7:47pm May 9, 2010 7:47pm
Quoting Setebos
It would've been better if they came out and screamed "We are desperate, please stop selling euros, for Christ sake!"
LOL
  • #15,062
  • May 9, 2010 7:56pm May 9, 2010 7:56pm
Quoting jacson101
Hi fti,

Anything is possible, they have "groupware" these day's from the beach house.

And for the record,
your not the only one with bad real estate bets, opps I mean exposure.
-Set me back a bit too.

Re; your question of last week fiasco. I'm not sure, LDN and NY boys need an out. They may just try slowing it down.

Good trading, and God bless.
yeah, read you.
Watch the that yield curve closely.
esp long yields.if not contango , then funding could be by press. Should be very steep contango by now.

regards
  • #15,063
  • May 9, 2010 7:58pm May 9, 2010 7:58pm
Quoting Setebos
"We are desperate, please stop selling euros, for Christ sake!"
.........
Empty as water and soft as a facing wind mountain
  • #15,064
  • May 9, 2010 8:04pm May 9, 2010 8:04pm
Quoting fti
yeah, read you.
Watch the that yield curve closely.
esp long yields.if not contango , then funding could be by press. Should be very steep contango by now.

regards
Got it.
very, very true..
Regards.
  • #15,065
  • May 9, 2010 8:17pm May 9, 2010 8:17pm
any one knows what they writing the 13500 june euro calls for?

regards
  • #15,066
  • May 9, 2010 8:35pm May 9, 2010 8:35pm
Quoting fti
any one knows what they writing the 13500 june euro calls for?

regards
?
http://futures.tradingcharts.com/marketquotes/EC.html
  • #15,067
  • May 9, 2010 9:17pm May 9, 2010 9:17pm
Nice pips tonight
  • #15,068
  • Edited 9:42pm May 9, 2010 9:23pm | Edited 9:42pm
Quoting Zoran
Thanks Lusan. Keeping this in mind - The Basic tenets of Dow Theory:

1. The Averages Discount Everything (except "Acts of God"). I believe this is the basis for fti's "Three Kingdoms". They are used as the "Averages".

2. The Three Trends: The Primary Trends (generally lasting over a year), The Secondary (Intermediate) trends (lasting months) and the Minor Trends (lasting days and weeks).

We generally trade the minor trends in our daily short sword battles. The spiral within spiral.

I believe the secondary and primary trends are other...
zoran i cam to the very same conclusion too.
which was why i got attracted to fti's teaching, i was studying the dow theory a long time ago back in oct 07 and was basically trading on such basis

http://www.forexfactory.com/showthread.php?t=52631

BUT i could not find how the law of averages work in fx until i met fti's 3 kingdoms! It was then i started to re-look and try to determine what fti meant by the spirals, and concluded that its basically the trends within trends. well thats what i could vaguely gather. That was how i concluded that rescues take longer due to the fact that you need to retrack to larger trend spirals and attacks could be swift (like lusan's style) due to you playing out the smaller spiral.

of course the rest is mm, which is touche. hehe

Quoting Zoran
Reading the above and going back to the three kingdoms, we are trading currency pairs. What is the neutral currency? How do we hedge?

In the Tunnel book, Robert went on to buy wheat and corn alongside cotton. Hedging?
nowadays, i do it with sgd and options.
  • #15,069
  • May 9, 2010 9:31pm May 9, 2010 9:31pm
watch it
topped for gap
gap is break away
do not seek cover
only trys
infact for us early birds , there is no gap
atr volatility is high,be aware

we top her efor tokyo lunch
fft will be trying buy cheap
so will london
but cheap is already here.
forget small pips
the volatility is overrun
down leg euro should be euro/cable crosses legging
leader is cable
euro is leging for unwinding
dance well
  • #15,070
  • May 9, 2010 9:42pm May 9, 2010 9:42pm
Quoting jest1081


nowadays, i do it with sgd and options.
as none of you know how price the options fair, you will be overpaying for sigma and hist. volatility.

its counterproductive.

regards
  • #15,071
  • May 9, 2010 9:46pm May 9, 2010 9:46pm
Quoting jest1081
just like how gann traded.
his initial cotton trades took long to come into the money
Was that by design? His first letter to Kennelworth dated Jan 28th specified that he was looking to square his cotton in early April about in 60 days. Kennelworth bought cotton Feb. 2nd

I'm not sure the timing specified in the book is consistent with Ganns actual trading.
  • #15,072
  • May 9, 2010 9:51pm May 9, 2010 9:51pm
Quoting fti
as none of you know how price the options fair, you will be overpaying for sigma and hist. volatility.

its counterproductive.

regards
sorry boss, i shouldnt have mentioned option, coz it was bot out of certain tecnicality. since i couldnt pm you abt it then i should just let it go coz im not keen to discuss it in public. what you mentioned above, true nonetheless.
  • #15,073
  • May 9, 2010 9:51pm May 9, 2010 9:51pm
Quoting fti
watch it


we top her efor tokyo lunch
fft will be trying buy cheap
so will london
but cheap is already here.
forget small pips
the volatility is overrun
down leg euro should be euro/cable crosses legging
leader is cable
euro is leging for unwinding
dance well
down leg euro should be euro/cable crosses legging
leader is cable,

You're saying the following retrace should be seen in the pound????

regards
  • #15,074
  • May 9, 2010 10:29pm May 9, 2010 10:29pm
Quoting auxesis
Was that by design? His first letter to Kennelworth dated Jan 28th specified that he was looking to square his cotton in early April about in 60 days. Kennelworth bought cotton Feb. 2nd

I'm not sure the timing specified in the book is consistent with Ganns actual trading.
not too sure either, but ive never seen a loss come into play in any of his trades, and also the war he fought. So yeah.
  • #15,075
  • May 9, 2010 10:54pm May 9, 2010 10:54pm
Quoting jest1081
not too sure either, but ive never seen a loss come into play in any of his trades, and also the war he fought. So yeah.
Would of made a better book for sure if he had included more examples of the price going against him
  • #15,076
  • May 9, 2010 11:57pm May 9, 2010 11:57pm
Quoting auxesis
Was that by design? His first letter to Kennelworth dated Jan 28th specified that he was looking to square his cotton in early April about in 60 days. Kennelworth bought cotton Feb. 2nd

I'm not sure the timing specified in the book is consistent with Ganns actual trading.
The book is not real accounts of anything. It is written in parallel to his life experiences. The lesson given there are fictitious and not real trades.His accounts are meant to highlight certain information about trading. Embedded is a love story. But the lessons contains the essentials of real trading skills. If you look at Ganns documented trading. It is fast and furious. not in days or weeks.and they not relates to any planetary positionings.
The skills set and mindset training is given but crypted to be deciphered by understudies. In different frames of thoughts , people will see different perspectives. To a true trader , with some experience, the messages should be clear.


regards
  • #15,077
  • May 10, 2010 12:00am May 10, 2010 12:00am
Quoting auxesis
down leg euro should be euro/cable crosses legging
leader is cable,

You're saying the following retrace should be seen in the pound????

regards
The short euro cables will be legging out their positions.
The front leg is cable, The back leg is euro.

short euro/cable need cut otherwise when the plan completes , they may be in very painful positions.

regards
  • #15,078
  • May 10, 2010 12:12am May 10, 2010 12:12am
Quoting fti
The book is not real accounts of anything. It is written in parallel to his life experiences. The lesson given there are fictitious and not real trades.His accounts are meant to highlight certain information about trading. Embedded is a love story. But the lessons contains the essentials of real trading skills. If you look at Ganns documented trading. It is fast and furious. not in days or weeks.and they not relates to any planetary positionings.
The skills set and mindset training is given but crypted to be deciphered by understudies. In different...
Yes one can definitely go down the rabbit hole too far in regards to Gann and trying to find hidden meanings.
  • #15,079
  • May 10, 2010 12:56am May 10, 2010 12:56am
tunnel lovers!
cheers. hope i din open a can of worms. lol!

loss pyramid 8/6 - 8/8
look at the last trade 300 cotton short on 9/23...
Attached Image (click to enlarge)
Click to Enlarge Name: cotton.jpg Size: 83 KB
  • #15,080
  • May 10, 2010 1:17am May 10, 2010 1:17am
I love the smell of foreign capital in the morning
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