DislikedHi..
I'm totally lost yesterday.
The EU despite having an early bull direction (during European hour) but it was full of whipsaw.
As a trader we continually trying and we won't be knowing whether the start of will create a strong trend.
Anyone knows the dance step of this type of market?Ignored
Technical Analysis Fallacy
- #20,564
- Dec 8, 2010 3:34am Dec 8, 2010 3:34am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Gro,
good answer..
but anything to start with so that I can find the rythm?
Example if I learn Salsa, I must get the basic step right and afterwards use my ears to listen to right beat.
I'm just using basic Hip/lop as my dance step but oftentime it doesn't form a proper hi/lo to create a trend.
fti (I do not remember the posts):"Hi MaMood,
Out of ALL the people here, you are the only person who spotted this.
I guess some people didn't spotted this because its not my MO at all.
This is more closely to what Leighsww would do and you know what has happened.
So I am sorry, that I cannot comment on something thats not mine althought it is easy to mistaken it to be.
I like to help you out with these words to untangle you mind.
DANCE the RHYTHM and with the TREND. Use proper MM to your advantage.
Use BASIC and CORE technical analysis and guide the trading with your BRAINS.
Rigidity kills.
In simple language, I Think some traders may be thinking from too many perspectives that they are paralysed from prudent action and reaction to market flow.
(too much analysis, not enough strategic following).
( too much comfirmation required before action or corrective action.)
( too much intelligence, lack of confidence)
This could be reasons why some cannot dance.
When this was my frame of mind this morning session, I COULDN'T DANCE!!.
Which was the reason I cut loose the session abruptly.
As I reset my thoughts from booked exposure, The rhythm returned.
Probabilities won't make you money , only tells you odds. Its your strategic reaction to market conditions that can make you money and your ability to keep in rhythm.
On the flip, odds mostly will serve to harden your ability to feel and may make you candidates for pain threshold tests. Try to stay nimble, but focused on the dance. Remember, rigidity kills.
You can chose to make the price patterns predictive indications, or you can use them as hints for strategic reaction, it depends on your mindset.
If you think it is hard to dance with a dormant partner. How do you think you would fare dancing with a partner thats all over the place. There are a million variations and possibilities althought the decision is binomial in nature.
Seek for the master timer within self. Deal with every situation as best you can, and as best you can handle.
Check your own rythem ( know self), before you try to check the markets rythem. Re-access the time frame you are observing. Slow and steady, never rush. It creates bad ability to feel. And never allow frustration to get the upper hand, tame it. Be relaxed and focused. Glide with the flow, don't force.
Rgs
- #20,565
- Dec 8, 2010 3:46am Dec 8, 2010 3:46am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Hi justht
"Hi MaMood,
Out of ALL the people here, you are the only person who spotted this.
I guess some people didn't spotted this because its not my MO at all.
This is more closely to what Leighsww would do and you know what has happened.
So I am sorry, that I cannot comment on something thats not mine althought it is easy to mistaken it to be.
I like to help you out with these words to untangle you mind.
DANCE the RHYTHM and with the TREND. Use proper MM to your advantage.
Use BASIC and CORE technical...
fti:
"There is timing in everything. Timing in strategy cannot be mastered without a great deal of practice
There is timing in the whole life of the warrior, in his thriving and declining, in hisharmony and discord. Similarly, there is timing in the Way of the merchant, in therise and fall of capital. All things entail rising and falling timing. You must be ableto discern this. In strategy there are various timing considerations. From theoutset you must know the applicable timing and the inapplicable timing, and fromamong the large and small things and the fast and slow timings find the relevanttiming, first seeing the distance timing and the background timing. This is themain thing in strategy. It is especially important to know the background timing,otherwise your strategy will become uncertain.
You win in battles with the timing in the Void born of the timing of cunning byknowing the enemies' timing, and this using a timing which the enemy does notexpect.
-Do not think dishonestly.
- The Way is in training.
- Become aquainted with every art.
- Know the Ways of all professions.
- Distinguish between gain and loss in worldly matters.
- Develop intuitive judgement and understanding for everything.
- Perceive those things which cannot be seen.
- Pay attention even to trifles.
- Do nothing which is of no use."
-- Nito Ichi Ryu,(two swords one school), miyamoto musashi san, 1645, aka Shinmen Musashi No Kami Fujiwara No Geshin."
- #20,566
- Edited Dec 9, 2010 3:43am Dec 8, 2010 3:50am | Edited Dec 9, 2010 3:43am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
fti:
"There is timing in everything. Timing in strategy cannot be mastered without a great deal of practice
There is timing in the whole life of the warrior, in his thriving and declining, in hisharmony and discord. Similarly, there is timing in the Way of the merchant, in therise and fall of capital. All things entail rising and falling timing. You must be ableto discern this. In strategy there are various timing considerations. From theoutset you must know the applicable timing and the inapplicable timing, and fromamong the large and...
fti
"This is an important fighting method for one man against many. Strike down theenemies in one quarter, or drive them back, then grasp the timing and attackfurther strong points to right and left, as if on a winding mountain path, weighingup the enemies' disposition. When you know the enemies' level, attack stronglywith no trace of retreating spirit."- Ni To (Two swords) miyamoto m. san
"In strategy your spiritual bearing must not be any different from normal. Both in fighting and in everyday life you should be determined though yin yang.(equilibrium calm)
These things cannot be explained in detail. From one thing, know ten thousandthings. When you attain the Way of strategy there will not be one thing youcannot see. You must study hard" - waterbook, miyamoto m. san
- #20,568
- Edited Dec 9, 2010 3:42am Dec 8, 2010 5:05am | Edited Dec 9, 2010 3:42am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
- #20,572
- Edited 7:27am Dec 8, 2010 6:53am | Edited 7:27am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Gro
U r like a walking Encylclopedia of TAF
Thks for the constant reminder.
Cheers
Philip
I edited it a bit
"...I much prefer to flow with it than to read things into it ... AND i am one who is strongly against, imposing assumptions on my charts (my mind),for me thats THE FALLACY ... For me I , I hold close to my heart, the BASICS ..."
Rgs
Are you sure about that?
I am not so sure either, unless it's a private recommendation. Besides the book was published in May 2009, I somehow doubt fti would be reading it but what do I know. 
Great quote Gro
:"be nimble" means to be CAUTIOUS. To be cautious not to be too highly exposed when either too deep in the money or too out of money. To watch your position sizes that there is room to manouver and that contingencies may be implimentable if required. To reduce size either to accomodate for increase voli or uncertainess. Not to allow greed to take over. "
It's not your bad English but fti's words are too profound.
Sometimes re-reading the sentence still can't get it right.
By the way this week is my 2nd week I'm seriously looking into fx and of course there are frustration here and there to dance well.
But after lastnight frustration I feel, I'm getting better with the steps tonight.
It seems I just need more practice.
Sometimes what is understood initially turn out wrong after "read, think, practice" as recommended by fti.
Rgs
Baifu
- #20,577
- Dec 8, 2010 9:00am Dec 8, 2010 9:00am
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Are you sure about that?
"In effect there is no true price,
markets is merely moving from one point to another,
just a fact that some points provide more psychological interests to people more than other (based on hindsight),
and these are levels where the dogs fight,
culling each other,
each dog will have its day,
for us,
we KNOW these levels but in a trade at these places we're merely placing a BET (gamble)
that the market will 'flow' with our skillset called pattern recognition (or whatever),
and this is where the original sin has occured,
instead of flowing with the market we are becoming predictive in our behaviour,
and building expectations,
which is a fuel for ego."
- #20,579
- Dec 8, 2010 12:09pm Dec 8, 2010 12:09pm
- | Joined Nov 2008 | Status: Trader | 2,047 Posts
Opss, Czechs from Swiss accounts transferred 40 billion mainly in Asia accounts (Hong Kong, Singapore or Dubai)
- #20,580
- Dec 8, 2010 12:15pm Dec 8, 2010 12:15pm
- | Joined Jul 2007 | Status: Trader | 2,994 Posts
... no the excerpts from fti's postings but all
... no read but praxis, then the feeling flow ...
"be nimble" means to be CAUTIOUS. To be cautious not to be too highly exposed when either too deep in the money or too out of money. To watch your position sizes that there is room to manouver and that contingencies may be implimentable if required. To reduce size either to accomodate for increase voli or uncertainess. Not to allow greed to take over. What do you think I meant.
I initiate buying and skew buyings on the basis of strong chart...