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Technical Analysis Fallacy

  • #20,381
  • Nov 18, 2010 12:30am Nov 18, 2010 12:30am
thanks gro,
i've reread my text number of times, yet to find i've missed some important paragraphs of his in it...
i missed this beautiful gem on mindset ...
thanks again
To Live is the rarest thing in the world , Most people exist , that is all
  • #20,382
  • Nov 18, 2010 1:42am Nov 18, 2010 1:42am
Quoting Gro
Big day?

Yeah - that move before London close was really nice.
So I have a lot of foreign capital today to dance and have some cocktails with my ladies again ..

I'm late, so I have to do my preparation now very fast ...

CU,
Niels
  • #20,383
  • Nov 18, 2010 4:13am Nov 18, 2010 4:13am
Quoting maheswara
thanks gro,
i've reread my text number of times, yet to find i've missed some important paragraphs of his in it...
i missed this beautiful gem on mindset ...
thanks again
Hi maheswara,
there is many gem ...

"Dutchangel: #5214
Good to hear that. You had me worried there for a while.
I get impatient when its like this, so better to sit out than jump in and get hyper frustrated.
maheswara:
The trader's chief enemies are always boredom from within - Livermore
fti:
Hi DutchAngel,
hmm...mindset weakness detected.
Gotta keep that at check.
See if this helps, take two , and call me in the morning.LOL
Dutchangel:
Thanks for prescription, was very relaxing. lol
Got too much on my mind right now, so just trying to be more cautious. You know the saying "Fools rush in where angels fear to tread."

Rgs
  • #20,384
  • Nov 18, 2010 4:20am Nov 18, 2010 4:20am
nice and interesting ... somewhere someplace sometime
Inserted Video
!
  • #20,385
  • Edited 5:09am Nov 18, 2010 4:28am | Edited 5:09am
Quoting MaMood
Yeah - that move before London close was really nice.
So I have a lot of foreign capital today to dance and have some cocktails with my ladies again ..

I'm late, so I have to do my preparation now very fast ...

CU,
Niels
Hi MaMood

... be cautious after win ... after winning I'm a bit euphoric decisions

Rgs
  • #20,386
  • Nov 18, 2010 6:32am Nov 18, 2010 6:32am
Hi friends,

feeling a little guilty, cause I have spent many hours in Dongsky's trading journal the past few days and was not in here. Feeling very confortable there, cause we can speek about simple trading issues without concerns, that they may be not in tune with fti's teachings in all aspects.

Have not quit dancing the fti-style, but - as I was pondering for some time now - my contributions in TAF thread will be better placed in a trading journal, than in TAF teaching thread

But will try to spend some time in here again and keep on reading the thread again and again angain all over again ....

Wish you all a great day!

Cu,
MaMood
  • #20,387
  • Nov 18, 2010 8:38am Nov 18, 2010 8:38am
Quoting MaMood
Hi friends,

feeling a little guilty, cause I have spent many hours in Dongsky's trading journal the past few days and was not in here. Feeling very confortable there, cause we can speek about simple trading issues without concerns, that they may be not in tune with fti's teachings in all aspects.

Have not quit dancing the fti-style, but - as I was pondering for some time now - my contributions in TAF thread will be better placed in a trading journal, than in TAF teaching thread...
Hi Niels and co.

Just want to say what a great job you are doing. I appreciate the net sessions you put up recently (was it via Netviewer?) Anyway, I understand what you mean about thinking away from Fti's teachings now and then as I think everyone would admit - we all do sometimes! So no need to feel bad. We all need a crutch in our battles and sometimes, using the terrain (whole numbers, fibs, S/R etc) is not such a bad thing as long as it helps us win our battles and make rescues if need be (isn't that the point of AOW?). Thanks for keeping this thread alive.

I am here to make pips as I know all of you are...

- And I hope FTI is well.

best
D
  • #20,388
  • Edited 11:02am Nov 18, 2010 10:50am | Edited 11:02am
Quoting Dl17
Hi Niels and co.

Just want to say what a great job you are doing. I appreciate the net sessions you put up recently (was it via Netviewer?) Anyway, I understand what you mean about thinking away from Fti's teachings now and then as I think everyone would admit - we all do sometimes! So no need to feel bad. We all need a crutch in our battles and sometimes, using the terrain (whole numbers, fibs, S/R etc) is not such a bad thing as long as it helps us win our battles and make rescues if need be (isn't that the point of AOW?). Thanks for keeping...
Hi D,

thanx for your kind words.

Will be always addicted to TAF thread and teachings.
That is the basis of my trading style, risk and money management.
But will have not that much time, as I have spend in the past few weeks in here.

So looking forward to see some live in here, so that I can take part in recent discussions then.

Cu,
MaMood
  • #20,389
  • Edited 2:02pm Nov 18, 2010 11:57am | Edited 2:02pm
Quoting MaMood
Hi friends,

feeling a little guilty, cause I have spent many hours in Dongsky's trading journal the past few days and was not in here. Feeling very confortable there, cause we can speek about simple trading issues without concerns, that they may be not in tune with fti's teachings in all aspects.

Have not quit dancing the fti-style, but - as I was pondering for some time now - my contributions in TAF thread will be better placed in a trading journal, than in TAF teaching...
Hi MaMood,

I know that, Way to Art = "can not be a river in a bucket" ... not copy, not rigid ... but allright mindset, it is the "only weapon for survival".
I was looking another weapon ... but not found

Thanks for your work

Rgs
  • #20,390
  • Edited 3:06pm Nov 18, 2010 2:36pm | Edited 3:06pm
Quoting Gro
Hi MaMood,

I know that, Way to Art = "can not be a river in a bucket" ... not copy, not rigid ... but allright mindset, it is the "only weapon for survival".
I was looking another weapon ... but not found

Thanks for your work

Rgs
Hi Gro,

sometimes it is difficult to find the right balance between taking (I have consumed and profited from fti'S treaching very much) and giving back (trying to help all this very nice people here in TAF).
From my experience I know, that I can make the most of something, when I try to explain it to other people in my own words. The "teaching" scenario forces me to rethink every little topic, till I have a full understanding of it. So I like "teaching" or coaching very much ...

But there are different times for different focusses. At the moment I feel I have to grasp the next level of fti's teachings. In such a phase I deviate more or less strong from his basic teaching, to falsify my own ideas and getting so a deeper understanding of his teachings ....

Tried to explain my thoughts, but not sure if they are understandable ...

BTW: Thanx for you good work too!
You are something like the "good spirit" of this thread!

Cu,
Niels

Edit:
By the way: I have done some of my trades today on the "500 EUR Experiment" account again.
Seems that it should really be possible to start out with such small money.
Especially the session from 20:29 (NY afternoon) is interesting: Market was very slow, as always at this time of day. Was able to attack each little wave in the range. It was round about an hour and made ~65 EUR...

Really thinking about opening a trading journal on FF next year, to document it in more detail
Attached File(s)
File Type: pdf 2010-11-18-01.pdf   23 KB | 714 downloads
  • #20,391
  • Edited 7:49pm Nov 18, 2010 7:39pm | Edited 7:49pm
e/u 3633, which way girl friend ? continuing up or back down ? will be watching how you respond to 3618-22 area as bias is up from this area today.
however will follow you anywhere.
  • #20,392
  • Nov 18, 2010 10:39pm Nov 18, 2010 10:39pm
Hi Guys

I am still in my learning curve . Reading This thread over and over in my spare time and trying to do some demo.
i have a day job so my demoing is limmited in time but if i am in i babysit my trade till squared like FTI Teached.

Mamood you are like LEIGHSWW in the old days keep the fire burning of this thread.

I think you are doing wonderful job . I remember that i read several times in this thread that FTI wrote
"Don't carbon copy me. Be better than me.
But learn from experience that the market teaches you.
And keep learning what she teaches, the day you stop learning, is the day, she'll teach you painful lessons."
http://www.forexfactory.com/showthre...py#post1812757

and FTI also writed

"You see, the strategies that will work for you would be the ones that you conceive in your mind,
cos, you know yourself best. "

http://www.forexfactory.com/showthre...nd#post1738198


so more power to you mamood . Thanks for your contribution

P.s. I hope that FTI and his family and friends all well and safe .
Do not be victim to conflict of the General and Commander in you - by FTI
  • #20,393
  • Nov 19, 2010 12:51am Nov 19, 2010 12:51am
Quoting -Michael-
Hi Guys

I am still in my learning curve . Reading This thread over and over in my spare time and trying to do some demo.
i have a day job so my demoing is limmited in time but if i am in i babysit my trade till squared like FTI Teached.

Mamood you are like LEIGHSWW in the old days keep the fire burning of this thread.

I think you are doing wonderful job . I remember that i read several times in this thread that FTI wrote
"Don't carbon copy me. Be better than me.
But learn from experience that the market teaches you.
And keep learning what...

Hi Michael,

welcome to the family!
Thanx for your very kind words as well.

Leighsww - yeah she was doing great in the early days. What a pitty, that she has left the path fti was describing. But to be honest - she was lightyears stronger than me. And of course there is one essential missing: Her whippings!

You have made a good choice with investing your time in reading this thread. It will take time, but the only way to get to the end of the tunnel is screentime, screentime and once again screentime. Practising is most important. To learn to feel something is not doable by reading and guesswork/brainwork. You need to get hurt to experience your ultimate pain threshold.

CU,
MaMood
  • #20,394
  • Edited 4:15am Nov 19, 2010 2:23am | Edited 4:15am
Quoting MaMood
But there are different times for different focusses. At the moment I feel I have to grasp the next level of fti's teachings. In such a phase I deviate more or less strong from his basic teaching, to falsify my own ideas and getting so a deeper understanding of his teachings ....

Tried to explain my thoughts, but not sure if they are understandable ...

BTW: Thanx for you good work too!
You are something like the "good spirit" of this thread!
Hi MaMood

"next level" Precisely because we are trying to repeat the thread in more depth.Mostly in the entertainment form is hidden a great wisdom here.
understandable? "not stare at me, but ask me"
"good spirit" maybe to not scare you

You have done a lot of work, now rest and relax

Rgs
  • #20,395
  • Nov 19, 2010 2:48am Nov 19, 2010 2:48am
Fully agreed. I have invested over 7000 hours next to my full-time job paper-trading/demo'ing, etc, before I went to full-time trading cos of job-loss. That learning curve was important. But I must also say, some things you only learn in real-time & live - like liquidity. And the whole psychology/discipline can only be learned with real money and when your financial survival depends on it, it makes matters even more difficult. This is not an easy game - simple yes (you either buy, sell or do nothing), but not easy.
  • #20,396
  • Nov 19, 2010 4:13am Nov 19, 2010 4:13am
Quoting gifog
Fully agreed. I have invested over 7000 hours next to my full-time job paper-trading/demo'ing, etc, before I went to full-time trading cos of job-loss. That learning curve was important. But I must also say, some things you only learn in real-time & live - like liquidity. And the whole psychology/discipline can only be learned with real money and when your financial survival depends on it, it makes matters even more difficult. This is not an easy game - simple yes (you either buy, sell or do nothing), but not easy.
Hi gifog

7000 hours paper-trading/demo'ing !!!
... how many hours a day? how many years? 5years paper-trading/demo'ing?!?

  • #20,397
  • Nov 19, 2010 6:56am Nov 19, 2010 6:56am
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  • #20,398
  • Nov 19, 2010 10:14am Nov 19, 2010 10:14am
Hi all,

has anyone noticed that our postings regarding that trading challenge a few days back have been deleted?

You can find it here now:
http://www.forexfactory.com/showpost...29&postcount=1

Do not know what we have made wrong ..

Any ideas?

Regards,
MaMood
  • #20,399
  • Edited 3:17pm Nov 19, 2010 2:44pm | Edited 3:17pm
Quoting MaMood
Hi all,

has anyone noticed that our postings regarding that trading challenge a few days back have been deleted?

You can find it here now:
http://www.forexfactory.com/showpost...29&postcount=1

Do not know what we have made wrong ..

Any ideas?

Regards,
MaMood
... but if FTI made this, it is good sign that he is fine
  • #20,400
  • Nov 19, 2010 3:44pm Nov 19, 2010 3:44pm
Inserted Video


My friends I hope you are all well (especialy FTI) Greetings from sunny side of Alps and thx for great posts.
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