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Technical Analysis Fallacy

  • #15,941
  • Jun 5, 2010 8:39am Jun 5, 2010 8:39am
Guys, you need to decide what fti's trading is. A few posts back some guru told me that this is not a method, but an approach based on your feeling of the market. Further, he claimed that feelings can not be discussed...

Now you say that "the method has got rules".

I'd say that here everyone is picking up things s/he likes and uses them in trading the way s/he likes. If this is not ad-hoc trading, then i don't know what is.


Quoting jest1081
hello leon,

how have you been?

you may have misintepreted alot of things in this thread.

the method has got rules. there rules of engagement have been clearly outlined.

how to attack and how to defend. it has been clearly shared. some terrains will cause you to rout some will allow you to expand depending on you analysis and direction taken.

cheers



learn to respect the effort that has been put into the formation of this thread. some people here put many months into training and waited many weeks for fti to release the next course when...
  • #15,942
  • Jun 5, 2010 10:00am Jun 5, 2010 10:00am
Quoting fti
About an issue brought forward by some of the posters about transposing the analysis in longer term charts.
Time frame
-----------
About intraday vs short term vs long term positions
In my mind there is no such things, if you would refer my previous postings.
To me, There is however only daylight and overnight (carry) positionings.

daylight is to mean that the position is actively managed. There is no distinction between that in relations to the sun or the moon,...
[/color]

Quoting fti
.................. rigidity of MM and of MO can lead for distructive mindset, that can in fact disorientated the trader to the risk of ruin. Having a longer term strategy only increases the risk that the trader will snowball the risk without carefully and nimbly managing it. It has always been my policy that overnight positions be only allowed to be a fraction of the daylight trading position. if snowballing risk is to be implimented on longer term positions,(ie overnight positions) then that, is a total contridiction of my doctrine and MO.


A reminder for those that forecast further south move and left open positions over the weekend. If wrong, watch out with rescue attempts!
Empty as water and soft as a facing wind mountain
  • #15,943
  • Jun 5, 2010 10:11am Jun 5, 2010 10:11am
Quoting luSan
[/color]



A reminder for those that forecast further south move and left open positions over the weekend. If wrong, watch out with rescue attempts!
Excellent point. The market has a lot of squaring up to do, so postions left open above current price levels on especially the euro crosses are due for some setbacks soon (of course, not sure when exactly). I posted some thoughts on this last night. fti's words ring true as ever. Nice reminder luSan. I have never been able to leave postions open over night or over the weekend...to scary for me -- LOL.
  • #15,944
  • Jun 5, 2010 10:12am Jun 5, 2010 10:12am
Quoting luSan
[/color]



A reminder for those that forecast further south move and left open positions over the weekend. If wrong, watch out with rescue attempts!
hi luis,

what do you mean by this, i think i don't fully comprehend your point here.

regards,
dongsky
Success consists of going from failure to failure without loss of enthusiam
  • #15,945
  • Jun 5, 2010 10:13am Jun 5, 2010 10:13am
Quoting Piglet
Guys, you need to decide what fti's trading is.
We have.
  • #15,946
  • Jun 5, 2010 10:15am Jun 5, 2010 10:15am
i get it now luis, thanks and to you too GEfx
Success consists of going from failure to failure without loss of enthusiam
  • #15,947
  • Jun 5, 2010 10:23am Jun 5, 2010 10:23am
Quoting Piglet
Guys, you need to decide what fti's trading is. A few posts back some guru told me that this is not a method, but an approach based on your feeling of the market. Further, he claimed that feelings can not be discussed...
are you folowing thread starter(Fti) or the guru?
any one can call methood,aproch or anything they like.bottom line thats matter.(profit or loss)
Quote
Now you say that "the method has got rules".
or course to make money you need some rules .there is certain time that you can break the rules.
he is right with that.i havenot seen or heard any body who makes money without the rules.it doesnot matter what kind of business.you must have some rules to success.

Quote
I'd say that here everyone is picking up things s/he likes and uses them in trading the way s/he likes. If this is not ad-hoc trading, then i don't know what is.
you cant expect everyone will think same in a public forum(or anywhere else).
pick the things that makes you sence and ignore the others,specialy the gurus.
if you are following FTI,only follow him.if his words and his trading style make you sence.
people will come and go and will tell you lots of diffrent things ,(like me).
stick with what makes you sence and money.

good trading to you
Regards
sho
  • #15,948
  • Jun 5, 2010 10:28am Jun 5, 2010 10:28am
Quoting Piglet
Guys, you need to decide what fti's trading is. A few posts back some guru told me that this is not a method, but an approach based on your feeling of the market. Further, he claimed that feelings can not be discussed...

Now you say that "the method has got rules".

I'd say that here everyone is picking up things s/he likes and uses them in trading the way s/he likes. If this is not ad-hoc trading, then i don't know what is.
I will confess you something.
I have been considering for a long while
what is the most obvious characteristic
of a successful trader.
I concluded that it is nimbleness.
I mean:
"A person that think, decide, choose and act.
then if more information shows that the decision was incorrrect
then he/she changes his mind and act
as per a pre-concieved/planned strategy."
I mean:
that person flows with the present moment
something similar to a boxer
that knows how to do the 1-2-3 boxing tricks/rules
but that in a real fight would violate any rule in the books
because
winning is all.
So he will roll with the punches while
preparing a killing left."

As they say,
"In love and war, all is valid."

Trading is a war. So rules might/will kill you.
I believe that TAF style is neither a system or a method.
TAF is a way of life.

What do you do?
How do you learn this way of life?
Read all the 200 pages
-yes, even those posts that fti did not write. Reading fti without the context is missing TAF essence. Many things will not make sense.-
Read them slowly while you begin trading with small sizes.
-Get rid of all your indicators but M5:sma12 and M15:sma48.
And after a while dump also sm12 and sma48 too.-

Post your trade charts and maybe maybe somebody here
will give you some comments. Otherwise keep reading and you
will find the answers to your question along the way or even better you might even discover them yourself.
There is no way to do this thing without trading
no way.
This is a not a buy/sell and forget.
you buy/sell and babyseat.
you buy/sell and watch carefully your charts.
watch your high and low,
watch your lady strength and weakness.
watch the news and the gossy
watch the intermaket and world economy events
you watch and watch the battle field
as any good general keep an eye
on the battle field.
This is a war.
So it requires a lot of dedication
and obsession with/to forex.
I should say that you must love it
otherwise move on
and enjoy your family.

warning: the tsunamis and news trading will kill those that confuse the darn rescue with a martingale trick. Those that cannot solve this problem would fail.

Happy trading.
Empty as water and soft as a facing wind mountain
  • #15,949
  • Jun 5, 2010 11:53am Jun 5, 2010 11:53am
This is a perfect example what you keep on repeating here: half philosophical, half empty mumbo-jumbo, which gives you nothing and leads nowhere.

Why am i criticising your trading? For those newcomers, who should read 200 pages of ancient warfare mostly, and then apply that to trading! Simply put, it is not worth the effort.

Trading is war, you say. Against who - the market, other traders (ie. the market), yourself? Instead of an efficient army, i rather see you as a bunch of Don Quijotes, waging a war against the wind.

Read Cervante's book instead of Sun Tzu, it might give you some fresh ideas.

P


Quoting luSan
I will confess you something.
I have been considering for a long while
what is the most obvious characteristic
of a successful trader.
I concluded that it is nimbleness.
I mean:
"A person that think, decide, choose and act.
then if more information shows that the decision was incorrrect
then he/she changes his mind and act
as per a pre-concieved/planned strategy."
I mean:
that person flows with the present moment
something similar to a boxer
that knows how to do the 1-2-3 boxing tricks/rules
but that in a real fight would violate any rule...
  • #15,950
  • Edited 2:59pm Jun 5, 2010 2:36pm | Edited 2:59pm
Quoting Piglet
This is a perfect example what you keep on repeating here: half philosophical, half empty mumbo-jumbo, which gives you nothing and leads nowhere.
You are correct. What I said is empty mumbo-jumbo because it is a foreign language to you. You do not understand. To do it, you have to read the 200 pages.

Quote
Why am i criticising your trading?
You cannot criticise my trading because you have never seen how I trade.

Quote
For those newcomers, who should read 200 pages of ancient warfare mostly, and then apply that to trading! Simply put, it is not worth the effort.
I really do not care that any newcomer does. I only care about what I do and what I do I do very well. I make money with everytrade. So do not read a thing. It is not important to me.

Quote
Trading is war, you say. Against who - the market, other traders (ie. the market), yourself? Instead of an efficient army, i rather see you as a bunch of Don Quijotes, waging a war against the wind.

Sure. Keep believing that is not a war and keep sending some pips my way. I will gladly take them. The market is here to help you make money.

Quote
Read Cervante's book instead of Sun Tzu, it might give you some fresh ideas.
Hablo perfectamente ese idioma y lei a Cervante en el castellano antiguo. Yo espero que usted hable el mismo idioma. Siga leyendo a Cervante, bebase dos cervezas y mandeme un chequecito.

I wrote my post not for you but for those that understand. Do not bother answering anything to me. I will not enter into any conversation with you. You do not exist.

Hasta la vista,
Empty as water and soft as a facing wind mountain
  • #15,951
  • Jun 5, 2010 2:46pm Jun 5, 2010 2:46pm
I agree...lots of mumbo jumbo and that warfare thing...give me a break...
  • #15,952
  • Jun 5, 2010 2:58pm Jun 5, 2010 2:58pm
It is "Hasta la vista, baby!"

P

Quoting luSan
You are correct. What I said is empty mumbo-jumbo because it is a foreign language to you. You do not understand. To do it, you have to read the 200 pages.


You cannot criticise my trading because you have never thing how I trade.


I really do not care that any newcomer does. I only care about what I do and what I do I do very well. I make money with everytrade. So do not read a thing. It is not important to me.



Sure. Keep believing that is not a war and keep sending some pips my way. I will gladly take them. The market is here to...
  • #15,953
  • Jun 5, 2010 2:59pm Jun 5, 2010 2:59pm
Quoting aiyahmarklah
I agree...lots of mumbo jumbo and that warfare thing...give me a break...
mumbo jumbo...mumbo jumbo...I love it..
Empty as water and soft as a facing wind mountain
  • #15,954
  • Jun 5, 2010 3:07pm Jun 5, 2010 3:07pm
oh wait...the very first lesson, market structure, I read the link, its the first lesson, damm how did I missed that. So I took the first lesson and studied, then fti gave more clues on the inner workings. Oh now the AOW made sense, so does the mindset and everything else. I also understand why sometimes taking losses doesn't make sense. The skews are also making sense to me now. But I don't feel like giving up my indicators yet, but i take fti advise, keeping it at the back, referring to them when I cant pulse the market. Trading IS war. i go in, people try to take my money i try to take theirs.
  • #15,955
  • Jun 5, 2010 3:12pm Jun 5, 2010 3:12pm
Quoting luSan
mumbo jumbo...mumbo jumbo...I love it..
LOL...is spelled MAMBO or MUMBO ?

but anyway, see you guys on market open...
  • #15,956
  • Jun 5, 2010 3:19pm Jun 5, 2010 3:19pm
Still using indicators, you bad, bad student... I'm going to tell fti!

Ok, enough of this, I've had my laughs, and hope you had yours too

All the best to you
P


Quoting aiyahmarklah
oh wait...the very first lesson, market structure, I read the link, its the first lesson, damm how did I missed that. So I took the first lesson and studied, then fti gave more clues on the inner workings. Oh now the AOW made sense, so does the mindset and everything else. I also understand why sometimes taking losses doesn't make sense. The skews are also making sense to me now. But I don't feel like giving up my indicators yet, but i take fti advise, keeping it at the back, referring to them when I cant pulse the market. Trading IS war. i go in,...
  • #15,957
  • Jun 5, 2010 3:43pm Jun 5, 2010 3:43pm
Originally Posted by luSan
I will confess you something.
I have been considering for a long while
what is the most obvious characteristic
of a successful trader.
I concluded that it is nimbleness.
I mean:
"A person that think, decide, choose and act.
then if more information shows that the decision was incorrect….

A good post as usual.

if it takes you more than 33 seconds on decide the entry point, you are wrong. Aiyahmarklah

I like your quote.

All the best for trading the new week and good luck to the early birds trading the start of the Asian session. I will be starting about an hour before London starts. Ray
  • #15,958
  • Jun 5, 2010 5:30pm Jun 5, 2010 5:30pm
Banks driving price silver down ( waiting 4-6 months for delivery) and getting into longs .
http://kingworldnews.com/kingworldne...ls_Market.html
  • #15,959
  • Jun 5, 2010 5:48pm Jun 5, 2010 5:48pm
Quoting lilpip
Banks driving price silver down ( waiting 4-6 months for delivery) and getting into longs .
http://kingworldnews.com/kingworldne...ls_Market.html

I couldn't find it in the link. Can you be more direct to the article
  • #15,960
  • Edited 7:43pm Jun 5, 2010 5:55pm | Edited 7:43pm
Quoting lilpip
Banks driving price silver down ( waiting 4-6 months for delivery) and getting into longs .
http://kingworldnews.com/kingworldne...ls_Market.html
jp morgan has driving down silver for awhile now.
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