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Technical Analysis Fallacy

  • #15,861
  • Jun 3, 2010 1:16am Jun 3, 2010 1:16am
Quoting piccolo
There will always be new people coming in that will still have basic questions.. which gets tiring over time.

Back to basics.
Yes. Here is from the first page...

"fti...
What many traders do not know, or may fail to recognise, is that your success in taming the markets, is comprised of a mix of ingredients. Not so unlike in baking cakes.
I suggest three very important ingredients. One is " Market Structure ", the other is "YOU", then Capitalisation. Of course there are many more components, for the moment these seems of dominant importance, in my humble opinion".
  • #15,862
  • Jun 3, 2010 2:58am Jun 3, 2010 2:58am
Quoting Leonlorenzo
I'm not here to argue... I'm here to gain some ground, some understanding, for both my self and for the others who are unable to explain why they cannot make the 'method' in this thread work for them.

I think that my posts show that I'm smart enough, and I will gain the respect of anyone who's respect I wish to gain.

I'm waiting for your explanation of how one knows it is time to enter the market with a scout.
you gain all the respect of others alright, only those stupid, reckless and lossers and LAZY good on you, keep it up mate you are not worthy to waste my precious time... i better go back to my dancing... you're just another asshol... losser, gay lunatic, ... well, as if i care, ciao! and wish you luck!

p.s. because of this thread, i am driving my first jaguar hey thanks to you fti - my friend.
Success consists of going from failure to failure without loss of enthusiam
  • #15,863
  • Jun 3, 2010 3:03am Jun 3, 2010 3:03am
Hello all. I have been following this thread for a long time and admire fti and his skills. What a breath of fresh air! I would like to thank you sir for sharing you unique take on price action trading. That being said I realized that this particular approach of yours isn't my thing. I am more of an intraday swinger who would rather cut the loss immediately. However the perspectives gained in this thread are priceless. Have a great day FTI and friends.

Regards.
  • #15,864
  • Jun 3, 2010 3:15am Jun 3, 2010 3:15am
Quoting dongsky
you gain all the respect of others alright, only those stupid, reckless and lossers and LAZY good on you, keep it up mate you are not worthy to waste my precious time... i better go back to my dancing... you're just another asshol... losser, gay lunatic, ... well, as if i care, ciao! and wish you luck!

p.s. because of this thread, i am driving my first jaguar hey thanks to you fti - my friend.
Mr.Jesus walks on water, sleeps in the sky. He doesn't need a jaguar.

Congrats btw! I hope to have a car one day.
Life is a school for the soul
  • #15,865
  • Jun 3, 2010 3:18am Jun 3, 2010 3:18am
fti, thanks, I am blessed to have learned from you.
  • #15,866
  • Jun 3, 2010 3:21am Jun 3, 2010 3:21am
Quoting lilpip
http://catalog.usmint.gov/webapp/wcs...category=10191

I thought the tanks were gaurding the gold ?
http://www.nytimes.com/2010/05/28/us...LLOUT_BRF.html

I betcha there buying more gold .
http://www.reuters.com/article/idUSL...pe=marketsNews
Talking about gold, this vid I got off jay walker's thread...not that much different from the stock market

http://www.youtube.com/watch#!v=2GJNRdIoStk&playnext_from=TL&videos=XO1AM0bD9mw
  • #15,867
  • Jun 3, 2010 3:22am Jun 3, 2010 3:22am
Happy trading day everyone. Some big FA's today and especially tomorrow, as the market has now retraced against the prevailing trend on the GBP/$, E/$, etc. I have the market now consolidating a bit and am waiting for further developments, sitting on the side lines and drinking coffee this very fine day. Watching the GBP now and wondering if the E/J is worth more attention. Hope you are all well and good trading to you all.
  • #15,868
  • Jun 3, 2010 3:37am Jun 3, 2010 3:37am
Quoting esuffw
Mr.Jesus walks on water, sleeps in the sky. He doesn't need a jaguar.

Congrats btw! I hope to have a car one day.
ahahaha didn't mean to show off, just want to stress some points that even fti didn't becme my mentor and not a poster on this thread, just want to tell everybody how i became successfull with fti's method... maybe i will look big head to some but hey, i just don't want some people who didn't survive or make money using fti's method just question and bastardise fti himself. maybe if this method didn't work for them is because their noses are too long for them to see their chart? of maybe their ego is to high that they're constantly fly9ig to cloud 9...

ah well, i have said what i want to say... and i'm going back to my humble life again... won't come back here no more.

be good to all and be safe always.

dongsky
Success consists of going from failure to failure without loss of enthusiam
  • #15,869
  • Jun 3, 2010 3:53am Jun 3, 2010 3:53am
Quoting dongsky
ahahaha didn't mean to show off, just want to stress some points that even fti didn't becme my mentor and not a poster on this thread, just want to tell everybody how i became successfull with fti's method... maybe i will look big head to some but hey, i just don't want some people who didn't survive or make money using fti's method just question and bastardise fti himself....
Hey dongsky

I hope you don't get me wrong. I get your point from your very first post! Trading FTI's way is very hard in terms of self control. I think you have done great. The post is mostly for Mr.Jesus who wants to quantify this method, and put in into an EA so that Meta trader can Dance instead.
Life is a school for the soul
  • #15,870
  • Jun 3, 2010 4:29am Jun 3, 2010 4:29am
Leonlorenzo : Lack of love (unloved one)
Friends : Forgive him please
  • #15,871
  • Jun 3, 2010 5:01am Jun 3, 2010 5:01am
Quoting fti
http://www.youtube.com/watch?v=NU0wXxDEenk

Ouch - you got me!
Very true .....
  • #15,872
  • Jun 3, 2010 6:23am Jun 3, 2010 6:23am
Quoting dongsky
fti's method........... fti's method........... this method
dongsky
Dongsky,

Please understand, this isn't a method, it's how you trade. In it's most basic explanation "Buy Low, Sell High".

Everyone seeks the same in trading, what Fti stresses is not to be rigid in habit and relying on indicators for predictive entries. There's always something "PA" that makes us enter and exit ,but you must be able to improvise and adjust profitably when the market throws you a curve ball to succeed and last in this business.

What Fti has done is pull back the veil and give a instruction and learning to that which has been hidden to most.

regards,
  • #15,873
  • Jun 3, 2010 7:58am Jun 3, 2010 7:58am
Quoting fti
ok la, so rigid people can never learn to have no opinion on news events. except to follow the now. I made money on the selling and now riding long.Also took profits on long both in cable and euro. Now squared for ny lunch

You people will NEVER cut it.

I conclude my findings for Capt. It is truely easier to train monkeys.
Maybe without me around , some people will stay true. Those who won't will never. I better stop wasting my time.
Have seen enough of you fall.

GOODBYE.
Fti what hinted you that PA was going to reverse when you entered long. I'm asking because I am a late comer to this thread and ,unfortunately, I have missed the sessions you held back in the time. I think this sessions helped greatly to the seniors to understand the dance better. I tried to start a campaign on the long side as shown below but exited early.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.jpg Size: 164 KB


If not fti , maybe the seniors(especially auxesis who I think stays closest to the basics of fti's method) might care to discuss this fresh example.

Regards and Good trading to all

MyTbo
  • #15,874
  • Edited 10:34am Jun 3, 2010 8:50am | Edited 10:34am
Hope you are all trading well today. I am in two trades on the GBP/$ going south as we approach a test level at 1.4619 and will take profits now. Will consider another entry on the pull back at maybe 4650'ish.

Edit: entered a third trade at 1.4649 and am protecting 10 pips.
Edit2: square at 1.4619
Edit3: just exited a 4th GBP/$ trade, and am in the E/J protecting 20 pips. Going to call it a day and hope you are all trading well. will punch out of the E/J in a few minutes. maybe see you again at Tokyo open. Good trading everyone!
  • #15,875
  • Jun 3, 2010 1:01pm Jun 3, 2010 1:01pm
Hi Friends,

starting my trading day very late today.
will check if I can gather a few pips with this slow motion market.

Wish you all the best.

CU,
MaMood
  • #15,876
  • Edited 2:17pm Jun 3, 2010 1:33pm | Edited 2:17pm
Hi again,

that have been some quick steps with my favorite lady USDJPY.

All I can say:
Do not think too much when dancing.
Just watch the PA and keep your sizes according to your MM.

Well - as I have said many times.
My dances are very high frequency.
What may be the M15 or M30 for you is the M1 for me ....

Had a long bias for this dance.
Was using my special 4 kgds as reference (EUR,USD,JPY,DOW)

For those that are interested in, attached is the account statement.

CU,
MaMood

edit:
45 minutes later ....
Have done some more steps with USDJPY long. Made the next 120 EUR.
Now we are attempting the daily high so far.
Have to be very nimble now.
May be I'm going to turn and dance some short steps.
But depends on PA in conjunction with my 4 kgds ....
Attached File(s)
File Type: pdf Statement_2010-06-03a.pdf   13 KB | 515 downloads
  • #15,877
  • Jun 3, 2010 1:35pm Jun 3, 2010 1:35pm
Hi!

I found these old posts, maybe they are helpful for you:

http://www.forexfactory.com/showpost...postcount=1593

http://www.forexfactory.com/showpost...postcount=1594

http://www.forexfactory.com/showpost...postcount=1612

BTW, where is maheswara?

Rgs,

Textor
  • #15,878
  • Jun 3, 2010 1:41pm Jun 3, 2010 1:41pm
Quoting textor
Hi!

I found these old posts, maybe they are helpful for you:
[...]

BTW, where is maheswara?

Rgs,

Textor

Hi Textor,

not sure why he is not present here in the thread.
But have seen him yesterday on facebook.
He seems to be ok :-)

CU,
MaMood
  • #15,879
  • Edited 8:56pm Jun 3, 2010 8:36pm | Edited 8:56pm
Quoting textor
Hi!

I found these old posts, maybe they are helpful for you:

http://www.forexfactory.com/showpost...postcount=1593

http://www.forexfactory.com/showpost...postcount=1594

http://www.forexfactory.com/showpost...postcount=1612

BTW, where is maheswara?

Rgs,

Textor
fantastic find textor. i hope the quest for spirals ends here.

Quoting MyTbo
Fti what hinted you that PA was going to reverse when you entered long. I'm asking because I am a late comer to this thread and ,unfortunately, I have missed the sessions you held back in the time. I think this sessions helped greatly to the seniors to understand the dance better. I tried to start a campaign on the long side as shown below but exited early.

Attachment

If not fti , maybe the seniors(especially auxesis who I think stays closest to the basics of fti's method) might care to discuss this fresh example.

Regards and...
its clear that fti played an extending range tactic. watch the impulses on the support and resistance zones. the trend only begins to firm out at the edge
  • #15,880
  • Jun 3, 2010 9:28pm Jun 3, 2010 9:28pm
Quoting fti
As you will learn from this thread, your rescue is a minimum geometric spiral, smallest which is a fibo, ??? is there more than one????

You must also learn to wind a trend ride spiral correctly.

And if you cannot dance well, whatever your MM , it will still kill you.
So think carefully.

Remember rigidity kills.
Sprials within spirals, hope everyone gets it now.
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