Technical Analysis Fallacy

Let me say some thoughts
Some of us are longer, some shorter here. Fti has explored clearly+-, what is important in trading, how it works and what we should concentrate.
How is it? That some of us still come again and again and they ask the same, even it was many times resolved. I also did it. This is ok, this is normal teaching procedure.
But! Often instead of question, they write how they did something and it is off-topic to Ftis methodology. I also did it. But stop. Sometimes it is totaly something another. And after time they come with problems again, hoping in magical Fti to safe them. Starting with problems with colleague here, who injure them...
Do they want a preschool? Those who are good already are covered and they only answers from the silence. They dont have funny little fights... Understand please.
Back to the basics, it is not so hard. It is maybe in it. It is not possible to walk still in a cycle. And come with: I did a trade. Or.. I cant do it, it doesnt work..... So ask, when st. is unclear. Read first pages. Understand and practise. Info again. Again and again. Must get it into bones. No colissions. No exuses. Regards

Yes, mindsets are not fixed. Everything can be developed given a chance.

Thank you fti. No banquet for me. I've already eaten.

Fana, you are correct. Now the spiral within spiral is something fti brought up that we explored (in the thread) and it seems no-one has the answer. It will come with more experience and it has been laid to rest for the moment. I don't think this is part of the basics. What have I missed?

It was explored, but it must be felt. You have to come and start from the base of your initial capital. Small positions. After you are in position, you are in profit(this can be small cycle many times due to circumstances), you launge somewhere bigger positions... and you play "let me say 1degree" bigger play. When you are confident, fully absorbing moods from the market, you can use foreign capitall. You play bigger game now... and so on..... Dont see in it something complicated. When u use it, you have to have it ready and simple. Portable.

Fana, that is the basic spiral as I understand it. We've always referred to it as an attack spiral (snowball) and then there's the rescue spiral. When fti talks about spiral within spiral, the impression I get is something different. He has mentioned it is more difficult to use. Why give something a different name and then confuse everyone?

HI, guys.

Tomorrow EU banks are gonna be put to a test.

http://www.bloomberg.com/news/2010-0...ns-expire.html

I'm going to be at an exam, too. I hope I'll do better than EU Banks

Good luck to all

Zoran. This is not a basic spiral. These are spirals in spirals i have wrote. Attack and rescue is one cycle of some progression. Here are some spirals in spirals:
Cycle1 . 5X 1,1,2, 5X 1,1,3, 5X 2,3,5, 10X 3,5,8
Cycle2. 6,6,12 .............................
this is example, only thinking.....
But progression could be much faster.... after fullfilling 1,1,2 first base go straight bigger.

Yes, the basic spiral. We wind it out and wind it in. This is the dance and we do it from feel. The speed and volatility determines the skew. When fast moving, we wind out large and don't overstay. We wind in to take profit and build capital. Surely that's not the spiral within spiral? How can it be? I've always seen it as utilising more than one spiral (or position) at the same time - (multiple pairs or timeframes). Otherwise it's just a spiral.

Are there more ways to skin a cat? Is that the purpose of that video?

These spirals are not only in trading... And it is not said, that it must be...like...
You preserve capitall and you build basis, market vega is your playground limits and sigma is speed, u use as a drive. Practise it, it will show us. The market will teach us, not we teach market

This is one cycle: 1,1,2,3,5. But you can continually jump from it to the cycle up....
Lets say, that your profit from it is great, so your nex scout will be.....3. for example, but only in context to that 1,1,2,3,5. Because of your MM and so...
But you have to be connected very well to the market when big skew
Good night

Foreign capital is used to determine skew also... OK....

How do you know this is the spiral within spiral?

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.

The man replied, "There is no "I" in a corpse, and no "want". You offer me the peace of the dead. I seek the peace of the living."

Hi fti

I'm no master-trader, but my results have improved enormously since I've tried to digest and apply your remarkable experience and insight.

Many thanks for your long labors in this forum.

wed.
2367
2225-2244 eyes open
2120

Hello Zoran. Fti wrote:Hi northpro,
like I said you already have a true understanding of the mechanics of what i am highlighting on MM.
My respond was mostly for the benefit of wavetrader3 and some others I had noticed is branching out of the mainstream.

In the begining , my intent was to highlight the basic fallacy , that the Technical Analysis has mutated towards, were I later did hightligt some knowledge about "the dance" but without showing how I do it. "3 kingdoms" for me is a very private thingy , as it is the "bread & butter" secret, if you like about my methodology.As I mentioned to Leighsww, I much prefer that members here should decipher it from my postings, instead of me giving it outright in a PUBLIC forum, for fear that this may be modified and sold as a black box scam.

To confirm your understanding, as per your example.
1. Leg of trend is x to y.
2. If trade went against the trader 161.8% at 6th level, you would find my junior and senior dealers already "finished for the day" and I would be carrying the book. This would have to mean that both the juniors and seniors were trading sgainst the major trend. It also would mean that the book base would have changed for the third time. ( no dealers would have the book line to carry the necessary rescue). For Juniors thry would have liberty only for 1,1,2 and for seniors 3,5,8,(4,4,8), then my book comes into the picture.
3. If you noticed the 6th level is not 13 but 8.
4 8X book is way beyond any individual trader could afford to trade, unless the base is at unreal small, and unless trading for fun, its not ROI wise possible to happen in real life.(unless you were a bank, or the likes of.)

In reality , for this to haappen , it already saw two levels of novices risk managers (junior & senior). As a matter of fact , if this happen, you would mostly find that I was already trading against them in the first instance.
Assuming that this can happened, then they( senior) would have to explain to me why they continued trading against the trend.

If you are privy to RN Elliot's studies, you would understand that the trend direction of any market is by virtue of the impluse wave, and a 3 legged abc retracement. If any impluse wave was determined, then the snowballing of positions would be limited to the 3 retrace leg. impluse to 1, AB failure swing and retrace leg BC.

If there was a failure swing CD, and subsequent retrace leg DE, then the whole impulse sequence would have deemed the original impluse non impluse.
Correct?
So if senior dealers averaged the trades into the failure CD. and averaged into leg DE, they would be in effects trading against trend.
So thats why it cannot happen. The snowballing would be limited to 3 levels wrongly implimented by the juniors.
When the seniors take over their book, upon the junior being "finished for the day". They would inherit the loss book and would in sffects be repositioning for the impulse starting from AE as the impulse base with a progression base of 4X. and with a sequense of 4,4,8.
And if the same unfortunate turn of events happened for the senior traders to become "finished for the day" then the book would land on my lap.

And I would inherit a book which carry a loss for both events.
But when I come into the picture , I would have to deal with two failed impluse waves.which put market in a sequense of a broad congestion.

So i would have to deal with the situation as from that point onwards.
My base size would now be 20X junior base of 1X, right?
So guess what my sequense of size will be? (20,20,40)

About Elliot,Please be aware that I use the elliot studies true to Elliots 1st published findings as in the compiled working papers of "The major works of R.N Elliot" and that I am not a subscriber to his latter added study sequenses of multi wave-curve fitting techniques. AND that I am total adverse to the tweakings by latter day Elliot students and researchers, who I am to the opinion have adulterated Elliot's initial published research as well as those tweaks that Elliot did in his later years, when he was believed senile. Therefore I totally do not believe in "alternative counts" and stuff like double zig-zags and compounded counts.Neither do I subscribe to the widely commercialised publishcations of that wave 4 must be above wave 1 for the elliot count to be effective nor the predictive aspects of the elliot wave count. I use the elliot wave study to compliment the implimentation of fibo generated sequenses for timing of position rescue size, as a limiter of position snowballing only. As you may realise also to skewing of the progression from dealer to dealer.

regards
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...This is good example of using(or managing), spirals in spirals.
And this is being solved some later posts before this one...
-IMHO the work is in learning feel the market-practise, implement it, use volatility with appropriate skews and speed, with 3kd. with PA and of course to have basics(that are good, not that continuing staff"forsale") from TA
-and when you finally dont have it, dont hesitate. Watch Ftis disgusting videos, or i recommend for someone better, let your wife use this:-)...

.

FTI don't give up there are still some young traders here like me 19 yrs old, who just have to be directed in right direction. Fana I take this wife me to achieve peace I passed all exams this year with little work so now I have to countinue with my fx career as I learned so much it's not just about money regards
And my oppinion about spirals. You really have to have big book to fight against trend as fighting against trend can end up deadly if u don't know when to quit. So I wanna know fti how did u know when to quit when u r in big loss and u keep digging and digging into more loss. Did u have like no matter what if more than 10% of overall balance loss in one trade u had to quit?
P.S And also about this sacraficing I, I am scared if u totaly adopt urself to other people wills they will use you and manipulate u :S Otherwise I totaly agree we have to empty our ambitious mind like bruce lee says.
Another thing which I find little bit not clear about short term trading. You never really know whats going on. Maybe just banks filled some big corp orders, maybe they hedge risks, maybe they just wanna kill speculators as their expousure grown big in opposite direction, so in Short term are so many unknown factors, you never know what r u up to. Is not that little bit to risky and dangerous?? Walking in dark with many beasts aroun ?????

, But trend is your friend. Dont fight, just surf... Yep, she is my type

For those that still not get it, like zoran.
Here is the complete lessons for dao道德 and honour天地.
The greatest lessons of life.
A lesson about life,A lesson for trading,A lesson of the insane animal,"I" .
The true understanding of the human nature.
What is mankind? What am "I"?
DOMINANCE of all species ?this includes oneself by segregation ie streaming,the caste system.truely insanity.

Agreements











Beware , I am hunter too.
Am old , and not see well.
Try not walk into my 500NitroExpress carbine sights.
End

Good lesson boss. Thank you.
Cant be hunter who behaves like a prey...