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Technical Analysis Fallacy

  • #17,201
  • Jun 28, 2010 7:17pm Jun 28, 2010 7:17pm
Quoting Zoran
In the beginning you were so much more understanding and patient but to be honest, you have become more impatient as time goes on.
Changing human nature is one of most difficult job in the world and it's nearly impossible. Most of people should feel disappointed and bored after 3 years trying.

Quoting Zoran
It is a challenge that interests me even if I will likely have no use for it (until I take over the treasury of this country).
So, you are not serious about it. Then, why should fti bother about things that might be useless for you?

Quoting Zoran
I think I have a bit more energy to direct some here in the right direction
In one of your previous post, you said you read fti's post only, and ignore all the others. Now you said you are putting in energy to direct some here(which direction?) What happened-- for your flipping attitude?
  • #17,202
  • Jun 28, 2010 9:00pm Jun 28, 2010 9:00pm
Quoting MyTbo
Fti, your thread has helped me tremendously to improve my trading. Last week I made more than 600 pips trading south and north the EUR/USD without using skews. The pip count is great achievement for me, the fact that I traded the reversals and retracements is even greater achievement. I hope this helps you clear some of your frustrations that your 2 years work is going down the drain and your generous efforts are in vain.

The session you held was great experience for me, it helped me understand your MO better. I'm not at the stage when I use...
MyTybo,

u use pure PA to do that?
Can I use Candlestick to interpret the PA? Or any other specific stuff I must understand?
Any comment from others are welcome.
  • #17,203
  • Jun 29, 2010 1:24am Jun 29, 2010 1:24am
Quoting justht
MyTybo,

u use pure PA to do that?
Can I use Candlestick to interpret the PA? Or any other specific stuff I must understand?
Any comment from others are welcome.
Hello Justht. You can use even bid/ask price..., OHLC...,Candles..., everything where the price is displayed real-time. Choose, what fits you best...
  • #17,204
  • Jun 29, 2010 2:38am Jun 29, 2010 2:38am
Maneuvres on GU...
  • #17,205
  • Jun 29, 2010 2:39am Jun 29, 2010 2:39am
Quoting imjscn
Changing human nature is one of most difficult job in the world and it's nearly impossible. Most of people should feel disappointed and bored after 3 years trying.
Not sure I understand your point. We all have the ability to learn. Why do we send our kids to school? Why do adults go to university or do courses? Why do people read this thread or come to this site?

Quoting imjscn
So, you are not serious about it. Then, why should fti bother about things that might be useless for you?
If I wasn't serious I wouldn't have invested time into it. As far as I understand this can only be employed correctly with large capital. I'm still interested to understand what it's about. Remember, fti is the person who brought it up. I saw that as a challenge.

Quoting imjscn
In one of your previous post, you said you read fti's post only, and ignore all the others. Now you said you are putting in energy to direct some here(which direction?) What happened-- for your flipping attitude?
Correct, I don't read most posts (except mainly for fti's). I skim through the thread but I still pick up the theme of things without reading the whole posts.
  • #17,206
  • Jun 29, 2010 3:25am Jun 29, 2010 3:25am
Quoting justht
MyTybo,

u use pure PA to do that?
Can I use Candlestick to interpret the PA? Or any other specific stuff I must understand?
Any comment from others are welcome.
Yes, I use only PA and my understanding of the market mechanics which fti has explained in the beginning of the thread. I use such money management that it allows me to be wrong many times and no stop losses. To me the most important thing to understand is what fti calls the foundation (market structure), this helps me to understand why the market moves in the way it does.

This post I think is the first time fti mentions market structure
http://www.forexfactory.com/showpost...0&postcount=11

There are other post in which he elaborates on the subject, just find them.

Good Luck, justht
  • #17,207
  • Jun 29, 2010 4:34am Jun 29, 2010 4:34am
Quoting MyTbo
Yes, I use only PA and my understanding of the market mechanics which fti has explained in the beginning of the thread. I use such money management that it allows me to be wrong many times and no stop losses. To me the most important thing to understand is what fti calls the foundation (market structure), this helps me to understand why the market moves in the way it does.

This post I think is the first time fti mentions market structure
http://www.forexfactory.com/showpost...0&postcount=11

There are other post in which...
MyTbo,

appreciated that you share your path of learning.
  • #17,208
  • Edited 7:00am Jun 29, 2010 5:02am | Edited 7:00am
http://www.forexfactory.com/showpost.php?p=1752887&postcount=497
Excerpt:
“So he started drilling them again, and this time gave the order "Left turn,"
whereupon the girls once more burst into fits of laughter.
Sun Tzu:
"If words of command are not clear and distinct,
if orders are not thoroughly understood, the general is to blame.
But if his orders ARE clear, and the soldiers nevertheless disobey,
then it is the fault of their officers."

So saying, he ordered the leaders of the two companies to be beheaded.”

The orders ARE clear,
· the long sword (options and synthetics) is only for those who have mastered the short sword
· spiral within spiral is used for skew and MM
· Lesson 3 (Blitzkrieg) and long sword will not be taught.

I suspect the window for explaining and drilling is closed, it is now beheading for those who err. Somewhat problematic for newcomers (I belong to this group) but such is life. The basics have been explained over and over, the least we can do is read and re-read the threads.

http://www.forexfactory.com/showpost.php?p=1751954&postcount=461
Excerpt :
@ Zoran,
----------
Sun Zi said.
"A general who has not fully mastered the art of extemporaneous responses may know the terrain like the back of his hand, but will not be able to exploit this to his full advantage."

"He wins his battles by making NO MISTAKES. Making no mistakes is what establishes the certainty of victory, for it means conquering an enemy that is already defeated."

I, having been a pro, have survived by making little mistakes.
Small mistake are corrected to become small gains,
Big mistakes, I have sacrificed my time energy and resilence,(sometimes fighting huge battles over 2 to 3 days without sleep to recover from) to overcome and come out flat.
Of course there have been mistakes taht were unrecoverable from.
but I make them relatively negligable in contrast to the annual profits in my book.
I owe it all to right mindset, guts, good MM and strategic thinking.
Most of all unwavering dedication, as this is was rice bowl. (bread & butter, if pleases)
How then, can I teach ( this ) to those that yearn to learn, it is very uphill task, but I am trying.

The fti secret of “right mindset, guts, good MM and strategic thinking. Most of all unwavering dedication” means there is no secret. Those who want to substitute unwavering dedication (such as babysit for as long as it takes) with analysis savvy or long sword are on their own, insisting on getting answers from fti will only result in beheading, imho.

Rgs,
Baifu
  • #17,209
  • Edited 6:40am Jun 29, 2010 6:02am | Edited 6:40am
EU north or south?
prices have been going nowhere for >2 hrs
Any idea?
but I sell stop at 1.2171 buy stop at 1.2210(bcos resistance at 1.2171)

Nobody here. are you all having finacial year end holiday?

Cheers
  • #17,210
  • Jun 29, 2010 6:14am Jun 29, 2010 6:14am
Quoting pete.alfa
EU north or south?
been sitting there for >2 hrs
Any idea?
but I sell stop at 1.2171 buy stop at 1.2210(bcos resistance at 1.2171)

Cheers
I am in the same boat. Had a good run down from 1.2275 area, now just got a scout out short on the EUR/USD at 1.2188 ready to do a rescue if it goes north.
May have to wait until the Americans start trading in 45mins to see the direction for the next session.
Good trading to all. Ray
  • #17,211
  • Jun 29, 2010 6:33am Jun 29, 2010 6:33am
Quoting 1234
I am in the same boat. Had a good run down from 1.2275 area, now just got a scout out short on the EUR/USD at 1.2188 ready to do a rescue if it goes north.
May have to wait until the Americans start trading in 45mins to see the direction for the next session.
Good trading to all. Ray
congratulation I think you started at asian session. I started few hrs ago went long (counter traded) got only 10 pips quickly exited bcos of uncertainty

Cheers,
  • #17,212
  • Edited 7:18am Jun 29, 2010 7:01am | Edited 7:18am
Boys : if i understand it correctly... this is about your scout...?

Now i have to say SORRY to Fti, that i didnt understand those disgusting posts.
THANK YOU FTI, for swilling my stomach. Now i see it clearly...

And to some of others. Go back and study beginning again. Find some impulse to wake up from rising degeneration.
  • #17,213
  • Jun 29, 2010 7:23am Jun 29, 2010 7:23am
Boys : if i understand it correctly... this is about your scout...?

Yes, my first scout was short in the 1.2275 area and then I added more trades as price moved down. I closed all positions at 1.2186
I started again with a new scout short at 1.2188
I like to have the scout close to the action so I can focus.
Kind regards, Ray
  • #17,214
  • Edited 9:27am Jun 29, 2010 9:09am | Edited 9:27am
Quoting 1234
Boys : if i understand it correctly... this is about your scout...?

Yes, my first scout was short in the 1.2275 area and then I added more trades as price moved down. I closed all positions at 1.2186
I started again with a new scout short at 1.2188
I like to have the scout close to the action so I can focus.
Kind regards, Ray
Great Sir Ray,
I like to step two cams when prices are at around s/r either go up and down.So I betted both ways.
this time my long scout was hit and sucessfully rescued(normally I'll kill the scout if I feel fishy)
then now I'm playing with my shorted scout.
Sir Ray you are great & humble trader(still remember "been there done that")
you could feel it gonna going down.

Best regards,

PS. Now waiting to add
  • #17,215
  • Jun 29, 2010 10:29am Jun 29, 2010 10:29am
Quoting Zoran
Not sure I understand your point....
you don't even deserve to be answered.
Nevermind.
Here it is.
This thingy i presented.
It cannot work for selfish self centered people who is dominated by their "I"
Thats why you are still lost.
The basic ingredient required for it to work is not available.
May be you spend a couple years in a monastery , you will iunderstand your "I" problem.
The "I" scorpion, it will inhibit all the rest of the skills.

Just for you , AGAIN.

You should try reading the literature "The dangers of I".
Is available free in any buddhist monastery.
  • #17,216
  • Jun 29, 2010 10:32am Jun 29, 2010 10:32am
Quoting Fana
Boys : if i understand it correctly... this is about your scout...?

Now i have to say SORRY to Fti, that i didnt understand those disgusting posts.
THANK YOU FTI, for swilling my stomach. Now i see it clearly...

And to some of others. Go back and study beginning again. Find some impulse to wake up from rising degeneration.
nice to see you wake up from the deception.
  • #17,217
  • Jun 29, 2010 10:38am Jun 29, 2010 10:38am
Quoting fti
nice to see you wake up from the deception.
Uf uf... in czech language... Much easier and clearer now. This kicked me realy. I am trying to get in my head your mindset. How quickly can one go like a lamb somewhere... haha... Fti, it was good strike, you are very good teacher. Better than i ever thought. regards
  • #17,218
  • Jun 29, 2010 1:55pm Jun 29, 2010 1:55pm
Quoting fti
May be you spend a couple years in a monastery , you will iunderstand your "I" problem.
The "I" scorpion, it will inhibit all the rest of the skills.

Just for you , AGAIN.

You should try reading the literature "The dangers of I".
Is available free in any buddhist monastery.

As always my small zen stories....

One time a person goes to Zen Monk looking for peace.... he asks the Monk...


" I WANT PEACE"

Monk smiles and says...

Take the I out first ....and then take the WANT out ...

you will automatically get PEACE


V

PS: i write this to not forget life true and simple truths...
  • #17,219
  • Jun 29, 2010 2:50pm Jun 29, 2010 2:50pm
Quoting fti
you don't even deserve to be answered.
Nevermind.
Here it is.
This thingy i presented.
It cannot work for selfish self centered people who is dominated by their "I"
Thats why you are still lost.
The basic ingredient required for it to work is not available.
May be you spend a couple years in a monastery , you will iunderstand your "I" problem.
The "I" scorpion, it will inhibit all the rest of the skills.

Just for you , AGAIN.

You should try reading the literature "The dangers of I".
Is available free in any buddhist monastery.
Maybe once the kids are out of home and my wife gives me two years of leave I can go and discover "The dangers of I"? Sorry fti but I have a full time job and a family to look after - so discovering this "selfish self-centered person" will have to wait a little while. Unless, you can convince me why I should spend all of my spare time locked away earning pips - are the extra £££ going to make my family happy and give me a chance at joining a Buddhist monastery? I don't think so.

I'll take this at my own pace. PEACE
  • #17,220
  • Jun 29, 2010 3:06pm Jun 29, 2010 3:06pm
Quoting Zoran
Maybe once the kids are out of home and my wife gives me two years of leave I can go and discover "The dangers of I"?...
Hi Zoran. This is about ones mindset...
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