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Technical Analysis Fallacy

  • #16,201
  • Jun 8, 2010 3:03pm Jun 8, 2010 3:03pm
Quoting markmm
I think he in merely young and impatient, something many of us where at that age, maybe learning to trade is best done when you have settled down a bit and have life experiences. One think I would say is you definatley have to apply the knowledge by trading (praxis) in order to get the automatic feel, as you learning to drive analogy.
I'm having a quick study (college work) break so thought I'd take a look in.

@Markmm- My conduct in this thread has zero to do with my age. I am doing as I am because that is the best course of action, to use the driving-trading analogy for my own purposes... would you go driving down the street if you didn't know what all the leavers and pedals in your car did? I hope you wouldn't. You would want to know what everything did before you set off. I might conclude that the (car)indicators had no purpose because the car worked fine without them, until the day I smash down a pedestrian who stepped out in to the street I was turning on to because he didn't see me coming.

@FTI - I think you're living in a dream-world where the good guy wins and the bad guy gets what's coming to him. It seems, at least to the people in this thread, that I'm the bad guy... but just because you perceive me so (and even if I am a bad guy) doesn't mean I will fail. The world doesn't run according to your ideals.

I repeat... I have come here, read what I was asked to, and been refused explanation and courtesy.
Living the adventure in my head.
  • #16,202
  • Jun 8, 2010 3:16pm Jun 8, 2010 3:16pm
Quoting Leonlorenzo
I'm having a quick study (college work) break so thought I'd take a look in.

@Markmm- My conduct in this thread has zero to do with my age. I am doing as I am because that is the best course of action, to use the driving-trading analogy for my own purposes... would you go driving down the street if you didn't know what all the leavers and pedals in your car did? I hope you wouldn't. You would want to know what everything did before you set off. I might conclude that the (car)indicators had no purpose because the car worked fine without them,...
I understand, I am only starting out with this stuff (page 29) so I cant tell yet if things are too ambiguous to even start demo trading.

Regarding the car analogy though, usually you spend 1% of the time being told what the important bits of the car are for then you start driving slowly with the instructor controlling the car also.

Not that this is correct for trading, I think it only helps if you hold off risking money until you are fully ready. The market will be there forever after all.

If you have specific questions though and are asking them clearly I don't know why all the drama, other popular threads have multiple people answering questions for the 100th time (see mbqb11 in J16)... unless I have missed something, I might read back to see all the fuss.

Mark
Economists have forecast 9 out of the last 5 recessions
  • #16,203
  • Jun 8, 2010 3:21pm Jun 8, 2010 3:21pm
Quoting markmm
I understand, I am only starting out with this stuff (page 29) so I cant tell yet if things are too ambiguous to even start demo trading....
People here have always been helpful and welcomed new faces. Look at the Fana example. But you have to be nimble and show some respect to the people here. This is not a system thread where the rules have been defined in a PDF and attached to the first post.

Anyways, since you guys cannot stop talking about Mr. Marxist, I found a new tool.. the ignore list. At least it works for me.

regards,
  • #16,204
  • Jun 8, 2010 3:24pm Jun 8, 2010 3:24pm
Quoting markmm
I understand, I am only starting out with this stuff (page 29) so I cant tell yet if things are too ambiguous to even start demo trading.

Regarding the car analogy though, usually you spend 1% of the time being told what the important bits of the car are for then you start driving slowly with the instructor controlling the car also.

Not that this is correct for trading, I think it only helps if you hold off risking money until you are fully ready. The market will be there forever after all.

If you have specific questions though and...
Mark, what I have come to believe is that these people have got what they needed from this thread, FTI has established a following... and now nobody cares to expel the effort required to help other people out. That's how it seems. I have made obvious attempts to gain favour in here, but I'm unwilling to stand for idiocy and keep quiet when participants are 'ganging-up' against me.

I'm not talking about everyone... Setebos has been helpful, also Jest and Zoran in part. FTI is the most disappointing of them all.

Leon

EDIT: PS: Why would PiccoloCervello want to ignore me? ALL IVE DONE IS ASK FOR HELP. I don't know if words all have the same fucking meaning where you were all taught to read and write, but I haven't done anything other than want to learn. I'm out, you're all winding me up now.
Living the adventure in my head.
  • #16,205
  • Jun 8, 2010 3:25pm Jun 8, 2010 3:25pm
Quoting piccolo

Anyways, since you guys cannot stop talking about Mr. Marxist, I found a new tool.. the ignore list. At least it works for me.

regards,
same for me... first time two people comments are out now.....thank God...


V
  • #16,206
  • Jun 8, 2010 3:29pm Jun 8, 2010 3:29pm
On the broker issue I hve been using igmarkets but switched to igindex as it is a spread betting firm in UK. Because of this i use no leverage because it is fixed odds betting, but the market they give is very tight if not the same as igmarkets.
No problems with them and withraw money no problem...!!!

Been with this thread from the start and prob count one 1 hand the number of posts i've made, but progress made is unreal..

Have gone from working full time, now work at day 2 days a week..trade the rest, nice..
Have only ever stuck to very basic attacks/rescues..but thats all i need!!

Nice days trading today..was like cruising in top gear with the window down!! easy..

dave
  • #16,207
  • Jun 8, 2010 3:33pm Jun 8, 2010 3:33pm
I am working my way through the thread, just curious about leighwww she doesn't seem to be on here anymore, she was a big part of the thread at the start.
Economists have forecast 9 out of the last 5 recessions
  • #16,208
  • Jun 8, 2010 3:38pm Jun 8, 2010 3:38pm
Quoting Leonlorenzo
Mark, what I have come to believe is that these people have got what they needed from this thread, FTI has established a following... and now nobody cares to expel the effort required to help other people out. That's how it seems. I have made obvious attempts to gain favour in here, but I'm unwilling to stand for idiocy and keep quiet when participants are 'ganging-up' against me.

I'm not talking about everyone... Setebos has been helpful, also Jest and Zoran in part. FTI is the most disappointing of them all.

Leon

EDIT: PS: Why would...
All I can say is if you think all information is in the thread or linked to then there's only one way to learn. There are morons in every thread, ignore them, I have seen people in various places come in as beginners and ask for help then once they have it wont help others.
Economists have forecast 9 out of the last 5 recessions
  • #16,209
  • Jun 8, 2010 3:39pm Jun 8, 2010 3:39pm
Quoting markmm
I am working my way through the thread, just curious about leighwww she doesn't seem to be on here anymore, she was a big part of the thread at the start.
Falling out, PM's published i think, etc etc.

Not hard to see how that can happen

For what it's worth, most in here have got Leon all wrong; i can't think of anyone more willing to put in the effort to learn new things. Sure, he's an abrasive f%&@er sometimes, but his head's in the right place and i'm sure he has the best of intentions.

And as he's effectively a Manc, that's not easy for me to say
  • #16,210
  • Jun 8, 2010 3:51pm Jun 8, 2010 3:51pm
Quoting AstonDan
Falling out, PM's published i think, etc etc.

Not hard to see how that can happen

For what it's worth, most in here have got Leon all wrong; i can't think of anyone more willing to put in the effort to learn new things. Sure, he's an abrasive f%&@er sometimes, but his head's in the right place and i'm sure he has the best of intentions.

And as he's effectively a Manc, that's not easy for me to say
Personally, I think everyone has said enough to put him on the right path. It's now up to him to decide what he wants to do. Hopefully we won't get into anymore tit for tat arguments.
  • #16,211
  • Jun 8, 2010 4:24pm Jun 8, 2010 4:24pm
Hi all,

Thanks for half.com and other got this book very cheap still like 100 pages but i highly recomend to read this......

Nature of risk


V

PS: this is what i see now.

This message is hidden because Leonlorenzo is on your Ignore List.
  • #16,212
  • Jun 8, 2010 4:25pm Jun 8, 2010 4:25pm
That's it, I regret that the thread has turned to such petty argument over the past X number of pages. I don't think anything significant to peoples learning has been posted since everything turned sour, so if FTI requested to Twee that these pages be deleted, it should be a quick task. This is in the interest of those coming to learn something when the thread is another 1000 pages larger.

Leon
Living the adventure in my head.
  • #16,213
  • Jun 8, 2010 4:39pm Jun 8, 2010 4:39pm
Quoting Leonlorenzo
Mark, what I have come to believe is that these people have got what they needed from this thread, FTI has established a following... and now nobody cares to expel the effort required to help other people out. That's how it seems. I have made obvious attempts to gain favour in here, but I'm unwilling to stand for idiocy and keep quiet when participants are 'ganging-up' against me.

I'm not talking about everyone... Setebos has been helpful, also Jest and Zoran in part. FTI is the most disappointing of them all.

Leon

EDIT: PS: Why would PiccoloCervello...
Leon, now you are better than you were. That is why you dont understand, why somebody ignore you.
When i was teenager, i was egoistcal pig. After some years when i met my old friends and others, i was astonished. They looked at me as i was somebody very very dumb and bad...(i was someboby else in their eyes as i already was) I was shocked and they were shocked after some hours talking with me. People change and my congratulation to you. Good way:-). So please, make some order with what you have said to people here. You can reach it, to get out your old ego. We have the right to start to be better. Fana
  • #16,214
  • Jun 8, 2010 4:46pm Jun 8, 2010 4:46pm
Quoting AstonDan
Falling out, PM's published i think, etc etc.

Not hard to see how that can happen

For what it's worth, most in here have got Leon all wrong; i can't think of anyone more willing to put in the effort to learn new things. Sure, he's an abrasive f%&@er sometimes, but his head's in the right place and i'm sure he has the best of intentions.

And as he's effectively a Manc, that's not easy for me to say
Thanks Dan,

So this thread has drama as well as great teachings, better than a book!..

Mark
Economists have forecast 9 out of the last 5 recessions
  • #16,215
  • Jun 8, 2010 4:50pm Jun 8, 2010 4:50pm
Quoting markmm
Thanks Dan,

So this thread has drama as well as great teachings, better than a book!..

Mark
Dan's a good guy!

Living the adventure in my head.
  • #16,216
  • Jun 8, 2010 4:58pm Jun 8, 2010 4:58pm
Quoting badxboxplayer
Nice days trading today..was like cruising in top gear with the window down!! easy..

dave
funny you should say that. this is exactly how I felt today.
  • #16,217
  • Jun 8, 2010 5:04pm Jun 8, 2010 5:04pm
Hi all,

A little bit about myself
I have open a small live account last year July. I dont understand why I failed after reading threads after threads. I also read some books I got from amazon. Now I think of it, they are of no use to me. Except those that FTI has suggested especially Paper Money. <---- Foundation is important
I like Reminiscence of Stock Operator too.

I have been growing my small account after my last margin call which dated back September. Anyway, after much struggling mentally to figure out what went wrong, I quit for a few months and resume and quit. Not satisfy with my performance I decided to come back to TAF to seek what was missing to seek consistency in trading. YES, I been here and off since last year after i busted my account leaving me with a DD of 90%

I am a little bit skeptical at 1st when I came here. Those stories and the law of nature make sense. But the figure in this thread is cluttering my mind.
So, I try to fix my mindset after realizing that is what I lack of that cost me my $$. But that was not enough, so I read some more into Market structure. After that I realize I am under capitalize. I need to control my exposure by controlling my emotion and by observing the market condition. I forgot the order of the above but it came to me nevertheless.

At first when I tried out TAF teachings. I ran into rescue too often. I found out that I am trading against the momentum and my Risk to ruin is unacceptable but profitable. So, I try to spread out my position by watching PA meanings lesser the risk of getting trap inside a tight congestion band which is a bad idea when it pops. Thus I am a scalper by nature and eating the fish usually a bit at a time. I dont like the news considering the way I trade and my capital size.
As I am trading I learned about compound chart formation live as it is different from reading from books and PA if PA is what I am thinking it is =D.

Now, I have the question of is it really that simple??? Its not easy but its simple. Thats making me feeling uneasy.
BTW, I am having my long break while I am learning all this. The mindset part is the hardest hurdle to overcome IMHO.

I thank you FTI from the bottom of my heart.
If ur thread has not make me a successful trader, u certainly change my perspective of life.
  • #16,218
  • Edited 6:01pm Jun 8, 2010 6:00pm | Edited 6:01pm
'Now, I have the question of is it really that simple??? Its not easy but its simple. Thats making me feeling uneasy.' From HpC

While i am finishing my wine..!!i will make another rare post!! this was a question I asked myself about 9 months ago. I now find myself adding to and taking away positions without thinking when and why and working things out..

Don't know if this will help but, to me once it clicks it's like riding a bike..not after this much wine tho..
see you after another few thousand posts..!!!

Dave
  • #16,219
  • Jun 8, 2010 6:23pm Jun 8, 2010 6:23pm
Quoting HpC
Those stories and the law of nature make sense. But the figure in this thread is cluttering my mind
The stories are great... and some even touching.

I have to say that the one about the girl with leukaemia really hit me, whereas the story of the pigs at the swamp helped me understand the method (how to not get locked in negative territory by the trend) and how strong one would have to be to keep to his old, but, beneficial instincts.

I have a bad short-term memory, and about a year ago I started keeping notes of my realisations about trading, life, society, so that I could read them over until they were ingrained in my long-term memory... I've decided that it would be a good thing to pass on to my kids when I have some... after all, if my kids learn what I know, then they will be better than I have ever been because they will have two lifetimes of knowledge. I hope it works out that way anyway . Anyway, my point is that I enjoyed the stories so much that I've added them to my notes to pass on one day.

I'm happy things are working out! If it's simple, then be happy, take precautions and keep doing as you are!
Living the adventure in my head.
  • #16,220
  • Edited 7:10pm Jun 8, 2010 7:02pm | Edited 7:10pm
Quoting Leonlorenzo
LORD ALMIGHTY, Slow down guys.
I started reading a couple of hours ago, so far im up to page 26 and the thread is up to 45 i think. lol, 19 to go. Marathon reading continues.......

L'Lorenzo
Dont know if it's just the wine but...???? hmmmm posted 2007..? maybe my mistake but???...just been going over thread again..always refreshing ...!!! anyway just drive!!

sorry
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