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Technical Analysis Fallacy

  • #18,481
  • Aug 26, 2010 12:57pm Aug 26, 2010 12:57pm
Quoting Gro
today's FTI helps trade, maybe someone will help

downshift to first gear, around turns. Possibly 2nd gear if the machine allows.
Someone flipped, seems long delta with no fundamentals has potential now for second half, just mechanics in play right now.
Otherside, $ carry mechanics.

Watch size and staying nimble.

Regards.
  • #18,482
  • Aug 26, 2010 2:44pm Aug 26, 2010 2:44pm
Quoting jacson101

speak Americano?

Regards.

http://www.youtube.com/watch?v=h3S4dBk4E1g
Just checking markets ny closing.
Yo, hipping stuff
  • #18,483
  • Aug 26, 2010 2:45pm Aug 26, 2010 2:45pm
Quoting paranorms
some wisdom from somewhere


FOREX AND PHYLOSOPHY

It may come as a surprise to those who are not Foreign Exchange (forex) traders, but Oriental philosophy is a strong force in the lives of many forex traders. Some of the best forex traders across the world have an abiding interest in the tenets of Zen, Tao and Vedic philosophies.
Besides being the closest example of the elusive economic concept of 'Perfect Competition', the forex market is also a very close work-place reflection of 'life'. It has a rhythm and being of its own, which...
ai ya,paranorms,

learned wise mind.

regards
  • #18,484
  • Aug 26, 2010 2:47pm Aug 26, 2010 2:47pm
http://pragcap.com/a-monkey-economy-...tional-as-ours

Rgs,

Textor
  • #18,485
  • Edited 3:04pm Aug 26, 2010 2:54pm | Edited 3:04pm
Quoting jacson101

downshift to first gear, around turns. Possibly 2nd gear if the machine allows.
Someone flipped, seems long delta with no fundamentals has potential now for second half, just mechanics in play right now.
Otherside, $ carry mechanics.

Watch size and staying nimble.

Regards.
Ah, my friend, Jack
Thanks, its nice of you to help with some light.
Sees, much more.

Nice evening.
regards

@ Gro,
ai ya.

人心不足,蛇吞象喲 ie, Even a fish will not get in trouble, if she knows when not to bite.

Relax
Inserted Video
  • #18,486
  • Aug 26, 2010 3:05pm Aug 26, 2010 3:05pm
only complete newbies think the contrary but after some little experience they WILL realize there is no holy grail.
  • #18,487
  • Edited 3:19pm Aug 26, 2010 3:06pm | Edited 3:19pm
Quoting fti
Ah, my friend, Jack
Thanks, its nice of you to help with some light.
Sees, much more.

Nice evening.
regards

@ Gro,
ai ya.


Relax
http://www.youtube.com/watch?v=gosaIow5f_w&fmt=18
I translate and comes to me "People lack the snake to swallow as yo" much do not understand

thanks
  • #18,488
  • Aug 26, 2010 3:08pm Aug 26, 2010 3:08pm
Quoting jacson101

downshift to first gear, around turns. Possibly 2nd gear if the machine allows.
Someone flipped, seems long delta with no fundamentals has potential now for second half, just mechanics in play right now.
Otherside, $ carry mechanics.

Watch size and staying nimble.

Regards.
Hi jacson101, thanks

Rgs
  • #18,489
  • Aug 26, 2010 3:17pm Aug 26, 2010 3:17pm
Quoting Gro
I translate and comes to me "People lack the snake to swallow as yo" much do not understand
translation.

人心不足,蛇吞象喲

Ai ya, If the human heart is uncontented, likewise a snake will try swallow an elephant.

in other words. Greed has no bounds. Becareful your aspirations.
There's a time to reap, there's a time to wait.

regards
  • #18,490
  • Aug 26, 2010 3:29pm Aug 26, 2010 3:29pm
Quoting fti
translation.

人心不足,蛇吞象喲

Ai ya, If the human heart is uncontented, likewise a snake will try swallow an elephant.

in other words. Greed has no bounds. Becareful your aspirations.
There's a time to reap, there's a time to wait.

regards
thanks

I found my problem, I no could be nimble
Attached Image
  • #18,491
  • Edited 4:13pm Aug 26, 2010 3:58pm | Edited 4:13pm
Quoting Gro
thanks

I found my problem, I no could be nimble

望春风 Watching for Spring Wind

Inserted Video
  • #18,492
  • Aug 26, 2010 9:46pm Aug 26, 2010 9:46pm
I'm still on page 180 of this huge thread, but I've decided that reading this thread w/o practice would be pointless. As such I have started testing with V-hands simulator. I was wondering if a practice regimen on this program would work well or if a small account would be best.

Here is my regimen of study based off of my violin study I plan to adhere to. I would very very much appreciate the development of this regimen as well as the material needed for study (ie which posts/visuals):
*10->15 mins of "mentality warm up" consisting of re-reading various important basic posts that I do not want to forget as well as notes I have taken. I've decided that this part should consist of several important categories: philosophical stories and their interpretation, key lessons from AOW, capital preservation, previous mistakes on the simulator (print outs of terrible timing, rescues, attack ect) AND finally something encouraging/soothing like music, food).
*30min each of "individual study" with small breaks in between. Specific study of one principle at a time, principles I focus on are:

Historic timing (studied via generic chart patterns, go-over of specific definition of a trend, use of tick to daily charts to define waves within trends by looking at historic charts, candle patterns and identifying them on the historic charts).

Simulator timing (I go on the simulator ignoring gains/ earns but just finding the rhythm of the market but unfortunatley the v-hands simulator only allows for one time frame so I lose a lot of perspective and thus have an issue connecting 5 mins to 15 mins of 1 hour to daily)

Money management & emotions I isolated numerous parts in historic time where it's a total freak show like sudden gaps, unexpected whipsaws, extreme thrusts/ very long counter trends against the current trend, transitions between trends, times when I do not know if there will be a range or not. I choose one scenario out at random using a rand gen on my calculator and play that scenario as if I were actually trading real money. BUT the catch is that I focus more of my attention at when and why I feel emotions such as greed, fear, doubt, hope in my mind. I keep notes and after I either finish or fail the test I go over the mistakes. NOTE I choose only one per practice session because anymore and fear or over-confidence will creep into my mentality warm up.

larger break to recoup

Attacks/rescues similar to the money management practice, but I select from a pool of attacks/ rescue scenarios with the warm up and money management mind set. I do about 3 each. Attacks and rescues are at unexpected times (though I did isolate zones where one or the other can be done) as I do not log when the attack/ rescue is appropriate. Here I get to practice spirals in spirals, collecting ammo for support, allowing positions to bleed and being nimble ect.

Now that I have warm ups and techniques ready, I can practice my concerto aka complete and full combo of techniques trading on simulator of one full trading day + half of the previous trading day from the practice before (I vaguely remember that previous day so it's like practicing a full line of music by connecting the first couple of measures with the measure you're working with).

Finally, I tally up and note anything I want to focus on in my next practice (If it's money management I want to work on, I might spend an extra 20 mins on it). I re-read the post on the man under the coconut tree to relax.

fti, if you have a personal study regimen, study materials ect please let me know and please let me know this is ok before I begin this. I don't want any bad habits. I will try to post my results as I do them since practice without an instructor to review your techniques always ends badly.
  • #18,493
  • Aug 26, 2010 10:07pm Aug 26, 2010 10:07pm
Also I wanted to submit my current study level so people can identify what I need to work on. It is very very clear my mistakes, but I would feel better if someone could help my study.

My teacher asked me what I though of my violin practice at the first lesson so here is my take:

I am worried that I am buying and selling at the wrong times (I make a position on the PA reaction on S/R gathered based on the last couple of hours and the last day of 5 min data for trend direction)

I am worried that my definition of a trend is terrible (I have now adopted the conservative higher high and higher lows vice versa)

I am worried that the simulator allows only 1, 5, 10, 20 units hurting my study of money management

I am worried that I put in my scouts at inappropriate times

I AM VERY WORRIED THAT I DO NOT KNOW WHAT TIMES TO CONDUCT A RESCUE.

I am worried that I will not know when to bite the bullet

Attached is one of my recent "money management" technique practices. Please conduct a public whipping me as appropriate. I also recognize that your time is very precious and that I am but one of the very many students so I am very sorry for being so needy in my study and de-railing this thread.

file:///C:/Users/Will%20Fan/Desktop/chart2.gif
  • #18,494
  • Aug 26, 2010 10:09pm Aug 26, 2010 10:09pm
oops charts didn't work. They are attached
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart.gif Size: 42 KB
Click to Enlarge Name: chart2.gif Size: 43 KB
  • #18,495
  • Edited 11:50pm Aug 26, 2010 11:22pm | Edited 11:50pm
Quoting fullperson
Also I wanted to submit my current study level so people can identify what I need to work on. It is very very clear my mistakes, but I would feel better if someone could help my study.

My teacher asked me what I though of my violin practice at the first lesson so here is my take:

I am worried that I am buying and selling at the wrong times (I make a position on the PA reaction on S/R gathered based on the last couple of hours and the last day of 5 min data for trend direction)

I am worried that my definition of a trend is terrible (I have...
Hi ,

hows it feeling to be ready for Marathon...sure its a work right ...so when u wanan get ready for marathon i know for NYC marathon people train for year atleast....and one key ingredient is to train right rather then TRAIN FAST

why i say...why dont you try demo ..simulator is quick solution but nothing close to the real world..demo would help you still not close.. and you can use any MM solutions there...gonna need more i saw your profile u from US and if i have any liberty put 100$ in oanda and trade with real money if you want a real progress....

For trend defination as FTI says simple defination is lower lower higher high.. if that is difficult open a daily chart on full screen if it is going down it is down trend if it is going up it is uptrend...

try a simple attack rescue of 1,1,2 fib and try not to go beyond 5th level...

for attack try using only 1,1 two attack initally....

I hope i helped u...as the Chief has helped me and many here....

V

PS: anyone please read this book....you will see similarities between FTi teaching and the book

http://www.amazon.com/Zen-Art-Archer.../dp/0375705090
  • #18,496
  • Aug 27, 2010 2:43am Aug 27, 2010 2:43am
Quoting indianguyinny24
Hi ,

hows it feeling to be ready for Marathon...sure its a work right ...so when u wanan get ready for marathon i know for NYC marathon people train for year atleast....and one key ingredient is to train right rather then TRAIN FAST

why i say...why dont you try demo ..simulator is quick solution but nothing close to the real world..demo would help you still not close.. and you can use any MM solutions there...gonna need more i saw your profile u from US and if i have any liberty put 100$ in oanda and trade with real money if you want a real...
Hi indianguyinny24

It is a nice metaphor "Zen Art Archery"

Hi fullperson

you writes, "I do not know the trend", etc. Nobody knows which way the market will go for 5min.
Zen Archer learn to work with a bow and yourself, he did not aim at a target.It is the goal itself.
indianguyinny24 wrote of the experience that I can I confirm.
If you do a demo from training, so only the real-time and in your demo practice you behave like a real money.
Why?Your brain to remember everything very well, and you not even need to know.
Attached Image
  • #18,497
  • Aug 27, 2010 4:55am Aug 27, 2010 4:55am
Quoting paranorms
some wisdom from somewhere

FOREX AND PHYLOSOPHY

It may come as a surprise to those who are not Foreign Exchange (forex) traders, but Oriental philosophy is a strong force in the lives of many forex traders. Some of the best forex traders across the world have an abiding interest in the tenets of Zen, Tao and Vedic philosophies.
When the power of love
overcomes
the love of power
there will be
peace

http://uncletaz.com/library/scimath/...vedictesl.html
  • #18,498
  • Aug 27, 2010 5:14am Aug 27, 2010 5:14am
Hi Fti,

I checked your profile, know you have another thread posted here. Where can I find that one? sames that it was deleted by someone. I also have much interesting in that.

thanks,

TZ
  • #18,499
  • Aug 27, 2010 5:23am Aug 27, 2010 5:23am
arggggggggggggggghhhhhhhhhhh... does anyone feel the same way today?
  • #18,500
  • Aug 27, 2010 5:33am Aug 27, 2010 5:33am
Quoting eraptheman
arggggggggggggggghhhhhhhhhhh... does anyone feel the same way today?
Up to now, today feels like trying to milk a chicken. NY boys might bring in some action later
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