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Technical Analysis Fallacy

  • #16,121
  • Jun 7, 2010 3:56pm Jun 7, 2010 3:56pm
Quoting markmm
This is a great thread, thanks FTI your posts are thought provoking and enlightening. The last pages though have a bad feeling, seems like people are ganging up on Leon and attacking him for asking questions. Doesn't help at all or for any new people who might want help.

I tend to agree. I would rather encourage people to start reading this thread and discover the jewels fti has left. Leon is 22 years old (according to his profile) so he has lots of potential (if he allows himself to discover it).
  • #16,122
  • Jun 7, 2010 3:57pm Jun 7, 2010 3:57pm
Quoting Leonlorenzo
This was a very weak attempt to try and help Indianguy out by making it look like I was flashing an education around. I have no problem with you, but this was very lame.
  • #16,123
  • Jun 7, 2010 4:00pm Jun 7, 2010 4:00pm
Quoting indianguyinny24
You're surely not admitting I'm correct, so I guess this is sarcastic?
Living the adventure in my head.
  • #16,124
  • Jun 7, 2010 4:08pm Jun 7, 2010 4:08pm
Quoting Zoran
I tend to agree. I would rather encourage people to start reading this thread and discover the jewels fti has left. Leon is 22 years old (according to his profile) so he has lots of potential (if he allows himself to discover it).
People like Leon who constantly question things are the ones most likely to succeed than sheep who follow blindly. A lot of the posters here seem to be putting him down at ever opportunity, this only reflects on them especially when their posts are illogical and poorly formed.
Economists have forecast 9 out of the last 5 recessions
  • #16,125
  • Jun 7, 2010 4:10pm Jun 7, 2010 4:10pm
Quoting Leonlorenzo
This was a very weak attempt to try and help Indianguy out by making it look like I was flashing an education around. I have no problem with you, but this was very lame.
I wasn't trying to help anyone out. I just clarified what I had in mind when I wrote what I wrote. I remember reading that a few days ago and I thought the same then as I wrote today. Again, from your response you seem to over analyse everything and become overly defensive. Now that's not an attack, just my observation. It's there in your personality and perhaps that's something this thread will allow you to discover about yourself.

Anyway, bed time for me and all the best. Good luck my friend.
  • #16,126
  • Jun 7, 2010 4:17pm Jun 7, 2010 4:17pm
Quoting markmm
People like Leon who constantly question things are the ones most likely to succeed than sheep who follow blindly. A lot of the posters here seem to be putting him down at ever opportunity, this only reflects on them especially when their posts are illogical and poorly formed.
We all need to find that balance at the end of the day and if we're not careful we can get into analysis paralysis. Then we are stuck and go nowhere. It's helpful when everyone willing and in good heart is given a chance. Night....
  • #16,127
  • Jun 7, 2010 4:21pm Jun 7, 2010 4:21pm
Thanks for the well-wishes Zoran.

Mark, It's nice to be appreciated sometimes thanks.

Once again, I call a truce with everyone. I'm here to learn, and I wouldn't be here if I didn't see any value. Let's just get on and be positive.

I realise that valuable information will not only be confined to the first 200 pages... would you all suggest I internalise/try to gain an understanding of what IS included in those 200 pages before I delve in to the masses of other pages? Or alternatively, try to skim through the whole thread? This is going to be a big job... but I don't want to miss anything.

Regards,
Leon

EDIT: PS: Does anyone want to take part in a thread comb? Divide the thread pages in to how ever many people chose to participate, lift all interesting and relevant posts, and then paste them in to a word document? Then we can share documents and get a quick, full picture so we can try to catch up with the long time contributors.
Living the adventure in my head.
  • #16,128
  • Jun 7, 2010 4:28pm Jun 7, 2010 4:28pm
Can I also ask, why the first 200 pages? It seem an arbitrary number. Also 200 pages with 10 posts per page? Seems reasonable.
Economists have forecast 9 out of the last 5 recessions
  • #16,129
  • Jun 7, 2010 4:31pm Jun 7, 2010 4:31pm
Quoting markmm
Can I also ask, why the first 200 pages? It seem an arbitrary number. Also 200 pages with 10 posts per page? Seems reasonable.
The first 200 pages include FTI's lessons, all information after that is sporadic; FTI's responses to what other people are doing rather than the former.
Living the adventure in my head.
  • #16,130
  • Jun 7, 2010 4:36pm Jun 7, 2010 4:36pm
Quoting Leonlorenzo
The first 200 pages include FTI's lessons, all information after that is sporadic; FTI's responses to what other people are doing rather than the former.
Thanks, be thankful you arent in the J16 thread and having to read that, I actually wrote a program that downloaded the thread and made it filterable by username. I think I did it for FTI's thead Ill have a look.
Economists have forecast 9 out of the last 5 recessions
  • #16,131
  • Jun 7, 2010 4:39pm Jun 7, 2010 4:39pm
Quoting markmm
I actually wrote a program that downloaded the thread and made it filterable by username. I think I did it for FTI's thead Ill have a look.
That's so cool! You know my email ?
Living the adventure in my head.
  • #16,132
  • Jun 7, 2010 4:39pm Jun 7, 2010 4:39pm
OK, very tired from a full day of trading. Was very nimble today and I believe luSan would be proud of me -- LOL. Hope you all got on the E/J and CAD bandwagons in the NY afternoon session. From the looks of things, the EU has not figured out what the heck to do, and the euro is still sinking. Will get some rest and see what the Tokyo session brings. As long as this thing keeps making pips, I will be here trading it.

I just read the last few pages of posts, and would like to make a suggestion. Leon, open some charts and start trading. Post your successes and failures, along with your notes on analysis, entry, etc. Start slow and expect many bumps along the way. For me, when you ask a question, my answer always starts with, 'it depends", so lets get the process started and see how you finish. You are experiencing a lot of negative reactions from other traders here, mainly because your communications style is not well matched with many here. Based on what everyone here is telling you, there is a one lane path before you and stepping off the path is a game stopper. Move forward with great care and best of luck to you.
  • #16,133
  • Jun 7, 2010 4:42pm Jun 7, 2010 4:42pm
Quoting Leonlorenzo
That's so cool! You know my email ?
Ok might take a while to get it setup, ill have to make it easier to install is it requires setting up a sql server db.
Economists have forecast 9 out of the last 5 recessions
  • #16,134
  • Jun 7, 2010 4:57pm Jun 7, 2010 4:57pm
Do I want to go south?
Am ABCing the territory?
Ah.....
Attached Image
Empty as water and soft as a facing wind mountain
  • #16,135
  • Jun 7, 2010 5:06pm Jun 7, 2010 5:06pm
Quoting luSan
Do I want to go south?
Am ABCing the territory?
Ah.....
Well, it's a down trend by most standards. We have the resistance below, but the pullback wasn't particularly deep. Why not go south? Before I'd make a trade I'd need to decide how far my rescues would go should the trade go against me, to know this I'd need to decide which trend would need to reverse to change me from a bear to bull.

Lusan, Indianguy said that I had upset you, and I'm sorry if this is the case.

Regards,
Leon
Living the adventure in my head.
  • #16,136
  • Jun 7, 2010 5:51pm Jun 7, 2010 5:51pm
Quoting Leonlorenzo
Before I'd make a trade I'd need to decide how far my rescues would go should the trade go against me, to know this I'd need to decide which trend would need to reverse to change me from a bear to bull.
Man, the only way of learning to trade is by TRADING. Just do it and stop asking questions based on thoughts and intellectual analysis. It is imposible to learn the way without doing it. YOU HEAR ME?
That should be very clear. Nobody learns to paint without painting. nobody learns to dance without dancing; so I plan not to answer/deal with your questions and other comments until you commit your energy into the act.

Quote
Lusan, Indianguy said that I had upset you, and I'm sorry if this is the case.
Of course you did...check your own notes...however I hold not grudge and I let go of it.
Do youself a favor: you either do the dance or stop taking bandwith in this community. I am out and out from further non-productive engagements.
Empty as water and soft as a facing wind mountain
  • #16,137
  • Jun 7, 2010 5:57pm Jun 7, 2010 5:57pm
Quoting luSan
Man, the only way of learning to trade is by TRADING. Just do it and stop asking questions based on thoughts and intellectual analysis. It is imposible to learn the way without doing it. YOU HEAR ME?
That should be very clear. Nobody learns to paint without painting. nobody learns to dance without dancing; so I plan not to answer/deal with your questions and other comments until you commit your energy into the act.


Of course you did...check your own notes...however I hold not grudge and I let go of it.
Do youself a favor: you either do...
So we don't even comment on each others charts? Why did you upload it if you were going to be so negative to any comments it provoked? I've had enough for tonight, some people here need to let whatever the problem is go.

Good night everyone.
Regards,
Leon
Living the adventure in my head.
  • #16,138
  • Jun 7, 2010 6:05pm Jun 7, 2010 6:05pm
Quoting luSan
Do I want to go south?
Am ABCing the territory?
Ah.....
Hi luSan,
That sizes it up pretty nicely. I have an eye on 1.2205 to square up the last move, but not sure what would get the euro back there. Let's see what develops and just trade that.
  • #16,139
  • Jun 7, 2010 6:14pm Jun 7, 2010 6:14pm
Quoting Leonlorenzo
So we don't even comment on each others charts? Why did you upload it if you were going to be so negative to any comments it provoked? I've had enough for tonight, some people here need to let whatever the problem is go.

Good night everyone.
Regards,
Leon
Like I said in my last post to you, it's time for you to start trading, and then post your successes and failures. This thread is not a class or a text book, it's a real, live learning environment where you read, do, ask, listen, learn, and then repeat. Get started or find something else to do. We are here when you have some intellegent questions. Until then, I am done. Again, good luck.
  • #16,140
  • Edited 6:52pm Jun 7, 2010 6:28pm | Edited 6:52pm
Quoting GEfx
Like I said in my last post to you, it's time for you to start trading, and then post your successes and failures. This thread is not a class or a text book, it's a real, live learning environment where you read, do, ask, listen, learn, and then repeat. Get started or find something else to do. We are here when you have some intellegent questions. Until then, I am done. Again, good luck.
Show me my 'stupid' questions so that I can stop asking them.

In contrast to your own view on learning, I don't believe that one HAS to make thousands of mistakes and waste years doing things wrongly, this is why I wish to find the facts/truths first.

I know what you want... you want me to post charts and trades so you can tell me when what I'm doing doesn't work. Should the chemists set the sheets with their formula's written on them on fire before they die so the next chemist can go through the humbling experience of failing many times?

I'm not saying you should give me all you have, but don't dress it up any other way than pure selfishness. It's not 'for my own good' in the slightest. You refuse to answer my questions because you want me to struggle? Yes? I don't blame you, but don't deny it. The most progress in undoubtedly made by the passing on of knowledge and bypassing of misstakes... but this thread (and the forum) is about ego and hierarchy (or some sort of personal gain, emotional or material)... not progress.

Here's a song... Got to love Matisyahu...

Inserted Video


What I've written above doesn't require any responses, just know that I know that you know that I know you know it . FTI's motives, assuming he is who I DO believe he is (a successful retired Trader), it the satisfaction that comes with knowing what others want to know. That is the joy of teaching, a feeling of self worth.
Living the adventure in my head.
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