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Technical Analysis Fallacy

  • #17,921
  • Edited 12:59pm Aug 6, 2010 11:43am | Edited 12:59pm
Quoting fti
so fish soup for dinner?, my friend.
you didn't see that i nearly tripped on my face when tried to feel the top lately in the euro? Got out that one alive, but was scary. But by the grace of God, I got out that one near her bottoms.

regards
Fish soup of the tail for me today ... but thanks for the grace of God!

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distance is a constant movement

PS FTI thanks for asking, performance is "affected my studies Gann" but I try to maintain a constant performance.Thanks for everything.
  • #17,922
  • Aug 6, 2010 12:46pm Aug 6, 2010 12:46pm
Thanks fti I appreciates your responses.But whilst you may be making perfect sense and explaining yourself clearly to others. This is how my brain interprets your answers. " Your not doing it right, watch these asian/classical music videos all will become clear".
I'll just keep using my mutated interpretation until i see the light or see something in the videos that i am not seeing at the mo.
I will stop posting my trades. As from your communications it seems they dont seem to be representing your method. I'll just ride my method until it stops working.
Hope everyone has a nice weekend. http://cdn.forexfactory.com/images/icons/icon11.gif

Little embarrassed about my misinterpretation. ahh well.
making green pips large and red pips small this is my goal.
  • #17,923
  • Edited 1:13pm Aug 6, 2010 12:52pm | Edited 1:13pm
Quoting paul1
Thankyou,
My strategy is to go with the major trend.
Hence looking for opportunities to enter long.
As the 5 minute timeframe is showing price moving against the major trend and i am looking for entry long.
Iam not saying blindly enter at 50% just see what price does there and if it shows signs of move up enter scout.
Or would it be better wait for retrace on upward move for enter scout.
Or am i just totally not getting it.
Well you will get it right, the more practise and on the job training , the better you will develop. But you got to get out the scorpions thattells you what you must do when this happens , or that happens. Waste lots of energy, thinking about stuff that you have to think about when you get there.
Every level is an opportunity. Every price is a chance. At every turn you must respond. Doing nothing is also a respond. But doing nothing can also lose opportunities.
Analysis is a journey of decisions and strategies. There is no one fix. How you respond depends on the mix I hand mentioned in the early pages. How well or badly you do depends on your ability to deal with the terrain and self. Of course your resources and cap, fences you into certain boundaries. over extend that and you find yourself in dark and scary places.
Do scaled models of your possible strategies, and analyse yor response your feel. Then try feel the market as best you can. Develop multi faceted response. Best must be of reflex in nature.Once you feel fear , pull the plug.
I fear your exposure to rigidity may make your learning curve steeper. But if you deligently think and read the posts and analyse and organise. You must surely get there.
You cannot learn dancing sitting in the corner thinking.

The fact that you had the balls to show your weakness , puts you on the plains to learn the real skills. To deal and trade sucessfully , mean lots of errors and craziness. A little bit funky and rock and roll. A bit of everything and lots of determination. Of course being pointed to the right direction, takes the trouble in chasing your own tail in circles.

regards.

PS: of course you have to go with the trend. But trend means different things to different mindsets. You need get you definations done. Whats a trend to you and whats market trend. No need to tell me that mother is a woman.

Don't lock yourself to others definations. First know yourself, your strengths and weaknesses and your financial muscles. Then find out what markets has to offer you and how you can sync with her.Then you train reflex and reactions to her courtings. As your flexibility and senses develops, you will see the rigidity i am trying explain to you.

to be able to scalp tight ranges and contrarian trading style you need be market makers. Unless you have theoritical edge (ie spread advantage) it is futile efforts. And thats a different story and skill set altogether.
  • #17,924
  • Aug 6, 2010 1:15pm Aug 6, 2010 1:15pm
Ya, scorps..., now i am kicking them a lot...I have a new job to restart new book. Small book is bad and strong scorp.
  • #17,925
  • Edited 1:27pm Aug 6, 2010 1:17pm | Edited 1:27pm
Quoting Fana
Ya, scorps..., now i am kicking them a lot...I have a new job to restart new book. Small book is bad and strong scorp.
keep it up. WHen you are my age, then train others about what you had learned.

regards

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Apart from sashimi with lots of washabi, sukiyaki is my favourite with cold cold saki.
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  • #17,926
  • Aug 6, 2010 1:27pm Aug 6, 2010 1:27pm
Quoting fti
keep it up. WHen you are my age, then train others about what you had learned.

regards

http://www.youtube.com/watch?v=UidYz1Je77s

http://www.youtube.com/watch?v=RtXQ31F1A-k
Thank you fti. I will do. I give it my 100%. New book must be funded asap. No questions, no excusses, simply i go like a bull to have it. But today, i am limping from the brigade with advartisements papers... eh...
Now it is good time to make some promise. I swear, that i will be honest and helpfull when i will be good trader. I am going to remember you Fti as the man who opened my eyes.
Btw, I like Misora Hibari very much. She has very unique vocal.
  • #17,927
  • Edited 2:12pm Aug 6, 2010 1:47pm | Edited 2:12pm
Quoting Fana
Thank you fti. I will do. I give it my 100%. New book must be funded asap. No questions, no excusses, simply i go like a bull to have it. But today, i am limping from the brigade with advartisements papers... eh...
Now it is good time to make some promise. I swear, that i will be honest and helpfull when i will be good trader. I am going to remember you Fti as the man who opened my eyes.
Btw, I like Misora Hibari very much. She has very unique vocal.
the journey of Life.
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  • #17,928
  • Aug 6, 2010 2:07pm Aug 6, 2010 2:07pm
Quoting fti
the journey of Life.
http://www.youtube.com/watch?v=6UGDVtAPtME

http://www.youtube.com/watch?v=PDFukly7jkI
  • #17,929
  • Edited 3:37pm Aug 6, 2010 3:09pm | Edited 3:37pm
Quoting Fana
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  • #17,930
  • Aug 6, 2010 3:44pm Aug 6, 2010 3:44pm
Quoting fti
http://www.youtube.com/watch?v=RC-a9Xl37QQ

http://www.youtube.com/watch?v=0yUjy1czSSI

http://www.youtube.com/watch?v=9gTmf8MjQUo
Good for spirit. Good atmosphere:-). Treasure, who can make good atmosphere:-). Thanks.
  • #17,931
  • Aug 6, 2010 10:57pm Aug 6, 2010 10:57pm
Quoting fti
Well you will get it right, the more practise and on the job training , the better you will develop. But you got to get out the scorpions thattells you what you must do when this happens , or that happens. Waste lots of energy, thinking about stuff that you have to think about when you get there.
Every level is an opportunity. Every price is a chance. At every turn you must respond. Doing nothing is also a respond. But doing nothing can also lose opportunities.
Analysis is a journey of decisions and strategies. There is no one fix. How you respond...

This is what i call is Gem.... reading is 5 min work... understanding and accepting takes a long time...

V
  • #17,932
  • Aug 7, 2010 1:11am Aug 7, 2010 1:11am
Hey guys, nice to see the thread is still alive and kicking.. been silently obvserving from afar only because I counldn't remember my password. haha.. but thanks be to God, i remembered it.

Well, just wanted to say hi, and yes i dont know how many of you guys remember me here. But yeah.. been re-reading the thread again, to see my flaws.. its true.. making money for the bank is much more different MO than when trading for one's self.

MM thru trial and error is painful, but neccesary in order for self discovery..

Well just wanted to say Hi to FTI as well, 2 years and still kicking. This is pretty amazing..

Cheers.

- The trend is your friend, until it ends - Tom Demark.

Damn short EUR trade.. =P..
  • #17,933
  • Edited 4:16am Aug 7, 2010 4:02am | Edited 4:16am
yo,012 already out from the jail(bank)?
Welcome to retirement and life. make the double digit millions and retire in style, my friend.

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  • #17,934
  • Aug 7, 2010 5:45am Aug 7, 2010 5:45am
Hi fti,

I really appreciate all your wisdom, input and time you've put into this thread and ultimately into the lives of other trader; thank you. I hope you will be blessed in all areas of your life.

I am giving you a vouch.

David
Probability Professor
  • #17,935
  • Aug 7, 2010 10:06am Aug 7, 2010 10:06am
hahaha thats the plan FTI!.. we'll see.. interesting things are coming.. i am sure.. did you make any money on the WHEAT trade? some people i know made the killing of their lives...that was the MILLION dollar trade!!
=(.. nvm.. QE 2 coming up.. aug 10.. should present enough volatility to make some serious money.
  • #17,936
  • Aug 7, 2010 12:00pm Aug 7, 2010 12:00pm
Quoting fti
Well you will get it right, the more practise and on the job training , the better you will develop. But you got to get out the scorpions thattells you what you must do when this happens , or that happens. Waste lots of energy, thinking about stuff that you have to think about when you get there.
Every level is an opportunity. Every price is a chance. At every turn you must respond. Doing nothing is also a respond. But doing nothing can also lose opportunities.
Analysis is a journey of decisions and strategies. There is no one fix. How you respond...
Thanyou very much for your detailed reply Fti.
I based my method a lot on your early post,page 4,post 59.
About market structure and brokers, Had to read that over and over before i undertood.
Gave me the idea of stick with one direction,so as not to be pig.
And to look for entries when the price is moving against my chosen direction.
My chosen direction determined off the full zoomed out daily/hourly.
My entries determined off the 5 minute.
And i thought if the brokers or big players spike price against the trend to take out stopsin order to take traders out. And give themselves a good entry for the true direction .I'd play with them instead of against them.
Its early days for me but I've gone from mostly losing to mostly profitable.
Even though I'am not fully understanding the true methology I'll keep building on what i have learned so far.
It would be great if more people posted charts with there entries, Winners and losers.
I dont know how you do that but people that can It might give you a better idea how your methods are being used and maybe comment on what has been shown.
After all you spent a lot of time and effort posting would be nice to see the results from those that have benefited.
making green pips large and red pips small this is my goal.
  • #17,937
  • Aug 7, 2010 4:58pm Aug 7, 2010 4:58pm
Quoting 012
.. did you make any money on the WHEAT trade? some people i know made the killing of their lives...that was the MILLION dollar trade!!
=(.. nvm.. QE 2 coming up.. aug 10.. should present enough volatility to make some serious money.
this grains trade was sweet and bitter for me.... i am glad i drink wine and not beer....


good weekend everyone, pax
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even with my eyes open i cannot see everything
  • #17,938
  • Aug 8, 2010 1:17am Aug 8, 2010 1:17am
Quoting paul1
Thanyou very much for your detailed reply Fti.
I based my method a lot on your early post,page 4,post 59.
About market structure and brokers, Had to read that over and over before i undertood.
Gave me the idea of stick with one direction,so as not to be pig.
And to look for entries when the price is moving against my chosen direction.
My chosen direction determined off the full zoomed out daily/hourly.
My entries determined off the 5 minute.
And i thought if the brokers or big players spike price against the trend to take out stopsin order to take...
Hi Paul I am a newbie and was interested in your post about Ftis post number 59 How would you like to explain that for me since you have got your head around it.Interesting to hear your language =. Thanks James
  • #17,939
  • Aug 8, 2010 3:59am Aug 8, 2010 3:59am
Water teaches us about the direction of flow.
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  • #17,940
  • Aug 8, 2010 3:05pm Aug 8, 2010 3:05pm
Quoting 012
hahaha thats the plan FTI!.. we'll see.. interesting things are coming.. i am sure.. did you make any money on the WHEAT trade? some people i know made the killing of their lives...that was the MILLION dollar trade!!
=(.. nvm.. QE 2 coming up.. aug 10.. should present enough volatility to make some serious money.

Grains like wheat and corn have crazy volatility. and the gaps are absolutely insane... they scare the hell out of me. hehe
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