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Technical Analysis Fallacy

  • #17,741
  • Edited 6:01am Jul 30, 2010 5:42am | Edited 6:01am
Quoting fti

just to update, i did surf the sell from tokyo,
Just took profits.

Information from sources in the know claims that they are watching this thread.
So posting blotter here will become a no no.
As you also saw one here already claim to be broker.

Like all good things, vested interest will try to destroy.
I now search for safe and secured avenues to try help some of you as best I can.

This reminds me of the human nature.
Even when all this is given free and openly.
Remember, seeing food aid to disaster zones.
When the aid arrives the people run...
Hi FTI

I not want to be in the thread, what you write.
I noticed earlier that some "invisible" to look at this thread a long time.
We would be able to open somewhere asylum, arranged through a private email.
We still "guerrilla fighters"!!!.

I always remember the song "Born free"

PS Trading is a "lonely profession".Trader seeks the same kind of friends, but I want no spy.It was a good meeting place here.

Kind regards

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  • #17,742
  • Jul 30, 2010 5:54am Jul 30, 2010 5:54am
hello fti,

first time I am posting here, and I just want to say thank you...
Deepy apperciated by your lessons about life and share of wisdoms.
Trading its just a part of what we choose to do, but your lessons open up my mind.
You gave me the feeling of the chinese say
"having an elderly in your family is like in possion of a treasure"


forgive my poor use of english
  • #17,743
  • Jul 30, 2010 6:07am Jul 30, 2010 6:07am
Quoting fti

just to update, i did surf the sell from tokyo,
Just took profits.

Information from sources in the know claims that they are watching this thread.
So posting blotter here will become a no no.
As you also saw one here already claim to be broker.

Like all good things, vested interest will try to destroy.
I now search for safe and secured avenues to try help some of you as best I can.

This reminds me of the human nature.
Even when all this is given free and openly.
Remember, seeing food aid to disaster zones.
When the aid arrives the people run...
Happy trading everyone, lots of action today, missed the entry for E$ but rode the nice wave in cable, waiting for the pullback to be completed now.

Chief, please keep us posted to your plans, what we have here is great, don't let anyone on the outside spoil it just for the sake of their own interests. I will be forever grateful to FF for the community it allowed us to build here, but at the end of the day it's just a forum, isn't it?
Maybe a simple skype chat room? That would also allow a very good control on who's watching. Just an idea.

Best
S
  • #17,744
  • Jul 30, 2010 6:18am Jul 30, 2010 6:18am
Quoting fti

just to update, i did surf the sell from tokyo,
Just took profits.

Information from sources in the know claims that they are watching this thread.
So posting blotter here will become a no no.
As you also saw one here already claim to be broker.

Like all good things, vested interest will try to destroy.
I now search for safe and secured avenues to try help some of you as best I can.

This reminds me of the human nature.
Even when all this is given free and openly.
Remember, seeing food aid to disaster zones.
When the aid arrives the people...

Hi fti,

very sad to hera that there are some "troublemaker" reading this thread.
Not sure if you would be so kind to invite me to the new "channel", but if so, here are some ideas.

Piccolo has initiated a chat room on skype for the TAF family, which is not used very frequent lately. But With skype you have full control over the members. No possibility for invisible listeners. It could be an advantage, that we can chat by voice and video too, if there is any need for ...

We can also setup a forum like FF, where you can have full control over all members as well. Piccolo has done something similiar in the past. Not sure if it is still up and running. But it is no problem to set up a new one from scratch.

If you need some help or ideas, please let me know.

Best regards,
MaMood
  • #17,745
  • Jul 30, 2010 6:36am Jul 30, 2010 6:36am
Info
Today's report on U.S. Q2 GDP will include a revision of GDP Q1 back to the 2007th Falls can mean a big surprise to the market volatility.


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  • #17,746
  • Jul 30, 2010 6:59am Jul 30, 2010 6:59am
Quoting MaMood
Hi fti,

very sad to hera that there are some "troublemaker" reading this thread.
Not sure if you would be so kind to invite me to the new "channel", but if so, here are some ideas.

Piccolo has initiated a chat room on skype for the TAF family, which is not used very frequent lately. But With skype you have full control over the members. No possibility for invisible listeners. It could be an advantage, that we can chat by voice and video too, if there is any need for ...

We can also setup a forum like FF, where you can have full control...
skype sounds good... its encrypted too...
  • #17,747
  • Jul 30, 2010 6:59am Jul 30, 2010 6:59am
Hi, everyone.

This week I've been learning what opportunity cost is. My buy limits don't get filled by 1-3 pips and then PA goes right to the area of the TP of the buy limits

Today I was long EUR/USD from 1.3043 and just got out at the retracement at 1.3019 to minimize loss.

That skype thingy is really nice idea, it would be a priviledge to me if I take part in it.

Regards, MyTbo
  • #17,748
  • Jul 30, 2010 7:21am Jul 30, 2010 7:21am
Quoting Setebos
Happy trading everyone, lots of action today, missed the entry for E$ but rode the nice wave in cable, waiting for the pullback to be completed now.

Chief, please keep us posted to your plans, what we have here is great, don't let anyone on the outside spoil it just for the sake of their own interests. I will be forever grateful to FF for the community it allowed us to build here, but at the end of the day it's just a forum, isn't it?
Maybe a simple skype chat room? That would also allow a very good control on who's watching. Just an idea....
Hi Setebos

I think that the FTI give much too much.You can not still scream "gimme" ...

regards
  • #17,749
  • Jul 30, 2010 7:50am Jul 30, 2010 7:50am
Quoting Gro
Hi Setebos

I think that the FTI give much too much.You can not still scream "gimme" ...

regards
Not screaming anything, you misunderstood me completely.

Rgrds
  • #17,750
  • Jul 30, 2010 7:55am Jul 30, 2010 7:55am
Quoting Setebos
Not screaming anything, you misunderstood me completely.

Rgrds
maybe not, Hitman

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  • #17,751
  • Jul 30, 2010 7:59am Jul 30, 2010 7:59am
Quoting Gro
Hi FTI

I noticed earlier that some "invisible" to look at this thread a long time.
Hi Gro,
I was an "invisible" - I logged on to re-read the early pages of the thread (my third read ) as "invisible" and neglected to change back.

I have now switched "invisible" off, sorry if I have caused concern and I hope the concern for malicious intruders will not stop fti from posting.

Regards,
Baifu
  • #17,752
  • Jul 30, 2010 8:21am Jul 30, 2010 8:21am
Quoting Baifu
Hi Gro,
I was an "invisible" - I logged on to re-read the early pages of the thread (my third read ) as "invisible" and neglected to change back.

I have now switched "invisible" off, sorry if I have caused concern and I hope the concern for malicious intruders will not stop fti from posting.

Regards,
Baifu
Hi Baifu, guess who was invisible now. But those "intruders" perhaps exists... And sometimes i have a feeluing that my computer is under somebodies scope... Hehe, witches hunting...
But i am not afraid, if boss is monitored. They cant decipher it from the thread, because they do another things than trading. This demands full-hearth-engagement... And true understanding of God's laws... Rgds
  • #17,753
  • Jul 30, 2010 8:25am Jul 30, 2010 8:25am
Nice weekend everyone

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  • #17,754
  • Edited 9:21am Jul 30, 2010 8:59am | Edited 9:21am
Todays dancing this toping is for me totaly non-understandable... When i feel that she will do twoo steps, she makes one... Happy weekend.
Btw. China becomes Wolds no 2 in economy. Congratulations to the Chinese people
  • #17,755
  • Jul 30, 2010 9:44am Jul 30, 2010 9:44am
Hello, and welcome first poster,
please could you let me know if fti and you guys go some were else i've only posted couple times but have been following along before quietly.
could some more experienced member answer a small query.
Ok,if for example i have account of $1000.00.
1) Have micro account= 1000units per lot
2) would a scout be one such lot
3)what would you suggest full attack/rescue/ exposer
4) the 2% risk that people advice is that per entry or full attack.
cant get my head round it. is maximum risk how much it goes again you before you exit trade or the amount of units exposed in full, to overall position?
thanyou.
making green pips large and red pips small this is my goal.
  • #17,756
  • Jul 30, 2010 10:41am Jul 30, 2010 10:41am
Quoting paul1
Hello, and welcome first poster,
please could you let me know if fti and you guys go some were else...

Risk Management theory lies in books... The art of Risk Management, however lies in your GUT. Only risk what you are comfortable losing, such that even 10 losses in a row wouldn't blow you up..
  • #17,757
  • Jul 30, 2010 11:08am Jul 30, 2010 11:08am
Enjoy.

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  • #17,758
  • Jul 30, 2010 2:36pm Jul 30, 2010 2:36pm
Quoting dakoo
Risk Management theory lies in books... The art of Risk Management, however lies in your GUT. Only risk what you are comfortable losing, such that even 10 losses in a row wouldn't blow you up..
Thankyou for your reply,I really wanted to gauge what more experienced traders use as a rule of thumb.Using this method.
e.g 1) risk =100% position loss is equal to 2% of margin
2) risk =monitor price till 2 percent of margin is negative then exit.
Just that normally i would have put a stop loss at the price i would be prepared to go to before i would exit.Accept i was wrong then move on.
As this method advices no stop loss i was just trying to work out how risk is measured,and controlled.
Normal entry 1) I enter market then if it move against to the 2% stop loss exit then rethink
As per this method I enter market price moves against me let it run wait for retrace send in troops for rescue if not success wait for next retrace attempt rescue with more troops.
My question:- Even with initial scout and one failed rescue i could be well above 2% margin. How do you limit the risk in trading this way to the recommended 2% maximum risk per trade.
I have applied this method using timed rescue and so far with profit.
But i can see a badly timed resue or smaller than expected retrace could land you in deep doo-doo.
thanks hope you understand what Iam getting at. A new trader attempting this could easily dig into a deep hole before realising he didnt bring a ladder lol.
Also Adding to position brings your exit with profit closer to price action.
Most of this methods rules have been released slowly and vaguely through reading suggested articles.listening to music.But no specifics.
Even if you dont want to give out details of how fti interprets the teaching. It would be only right to be specific about the potential dangers of the method so that people are in no doubt its no free lunch.
Hope you understand my concerns thus my question on how risk is controlled.
making green pips large and red pips small this is my goal.
  • #17,759
  • Jul 30, 2010 2:39pm Jul 30, 2010 2:39pm
Quoting paul1
Thankyou for your reply,I really wanted to gauge what more experienced traders use as a rule of thumb.Using this method.
e.g 1) risk =100% position loss is equal to 2% of margin...
Paul ,

Did u read 200 pages honestly???...how long it took u to read it


V
  • #17,760
  • Jul 30, 2010 4:40pm Jul 30, 2010 4:40pm
Quoting indianguyinny24
Paul ,

Did u read 200 pages honestly???...how long it took u to read it


V
Thanks for your reply dont take me the wrong way but people seem to reply but not answer. I have studied the whole post and its taken along time.Especially when a lot is mostly social conversation between members.I did study so maybe i could take part. feel free to reply but only if you are able to give answers below is a very specific answer to a persons question. But this says use stop loss. Just asking simply how do we control risk. If the answer is we dont. Just say that ty.
Iam really just trying to learn this method. I have my interpretation but would like to know what fti's actual interpretation is if you would prefer i dont ask question please just tell me to leave the thread.



I'm not jacko, but how are the two related? You can trade any method with as low as 200-500$ - in that case just make sure you are on a micro account.

Micro means you can use as little as say 7 cent per pip on EUR/USD.

You should NEVER risk more than 2% of your current account balance on any position.

I recommend that you read Diallist's money management thread in the beginner section and other stuff on MM before even starting to put real money on the line on a live account.

Given jacko's approach with 50 pips stop and assuming $5000 in your account, 1% would boil down to 5000 / 100 => 50$ = 1% risk.

So 50$ for 50 pips means 1$ for each pip to be moved. You would choose a lot size that means 1$ is moved for each pip moved.

1% - that should be your maximum risk when starting out, better less if you ask me...

Note that it will always be 1% of whichever sum is in your current account, so if you have 5k and lose 50$, then the next 1% is of 4950$ -> 49.50$ -> 49.50 divided by the amount of pips used for your stop, and so forth.

Please look into this before putting your money on the line.
If you do not control and limit your risk, you account will swiftly disappear into nothingness with a few trades.


To borrow from jacko's quote - just trying to help.

Take care,

SeekingLight

Here is an example of what i'am trying to get. see how specific it is.
its been nice reading the thread if you cant reply i understand and will not bother you any more
making green pips large and red pips small this is my goal.
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