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Technical Analysis Fallacy

  • #21,521
  • Jan 7, 2011 5:14am Jan 7, 2011 5:14am
Quoting fti
cold huh? here too, cold relatively to the norm.
Seems the peeps downunder suffering heaps while God refilling the ocean.

regards

only the eastern part chief warm and sunny here in melb. temp. still rising...

cheers!
Success consists of going from failure to failure without loss of enthusiam
  • #21,522
  • Jan 7, 2011 5:19am Jan 7, 2011 5:19am
Quoting fti
cold huh? here too, cold relatively to the norm.
Seems the peeps downunder suffering heaps while God refilling the ocean.

regards
Yes pretty cold here but it could be worse. It's been much colder, but all the snow (we had about 12 inches for Christmas) has melted away since New Years eve. Weather is always changing and full of surprises when you least expect it. Sorry for the people in Austrialia, and I hope it warms up there for you!
  • #21,523
  • Jan 7, 2011 5:47am Jan 7, 2011 5:47am
Quoting dongsky
only the eastern part chief warm and sunny here in melb. temp. still rising...

cheers!
nice.
So is not as bad as reported.
They gave impression as if Aus gonna disappear soon.

regards
  • #21,524
  • Jan 7, 2011 5:51am Jan 7, 2011 5:51am
seems nothings gonna happen until NFP,
so gonna be one trick pony and finishes for weekend.
Slow start for 2011, however glad that still made pips.

regards
  • #21,525
  • Jan 7, 2011 6:29am Jan 7, 2011 6:29am
Quoting fti
that fti, real pain in the...
He said use this use that.
I say he not said anything, he said, understand the concept and develop.
anyway i not afraid of him.

regards
Very true!!!

Hmmh - not sure how I can say it most clearly:

FTI teachings are not a system.
It is just advices to trade the flow.
And he gave us very deep insights in market structure and Risk and money management as well.

So if we have gone through his teachings and have them almost grasped, we should know the market well and know how to dance with it.

All given numbers are just examples.
All the skewing has to be done according to the market conditions at that given time.

But we have to develop a feeling for the maths of our trading. So we finally need to use some absolute numbers to do the maths. I have done such caculations many times while trading on a piece of paper. From some point on you do not have to calculate, how many lots will bring position to BE again. Yous just KNOW what size will be appropriate according to momentum.

When there is good momentum I sometimes skip 2 levels in my attacks.
And yeah, when I was very certain about the market and very clsoe to my lady, I have skipped more than one level in my rescue skewing too.

All we have to grasp is the idea behind all that numbers.
In our daily dancing we have to apply our understanding very flexible to the market action. There is no universal skewing, cause there is no universal (predictive) market.

It's like driving a car.
You know all the required action to drive on the highway. But there are no rules like, if you want to flow with the traffic around you, you have to push the accelarator down to a 17,5° angle.
But you have learned the concept and you do know how much acceleration is needed to follow the flow ...

Hmmh - the more I try to explain and make clear, the more confusion and misconcepts I create. Seems that is not my cup of tea ...

But I do not give up for the time being
  • #21,526
  • Jan 7, 2011 6:44am Jan 7, 2011 6:44am
I think you are better at explaining it than you might think.....
  • #21,527
  • Jan 7, 2011 6:47am Jan 7, 2011 6:47am
Quoting MaMood
Very true!!!

Hmmh - not sure how I can say it most clearly:

FTI teachings are not a system.
It is just advices to trade the flow.
And he gave us very deep insights in market structure and Risk and money management as well.

So if we have gone through his teachings and have them almost grasped, we should know the market well and know how to dance with it.

All given numbers are just examples.
All the skewing has to be done according to the market conditions at that given time.

But we have to develop a feeling for the...
see you actually understand.
no problem at all.
its because of the perspective they come from.
so they tend looking for absolutes.

much of the younger generations are trained that way.
you ask them jump, they ask how high?
in battle situations. they normally casualties.

regards

so now put on hard hat
, lock and load , because battlestations soon.
and every one only get 1 round.
you miss target you go hand to hand.
  • #21,528
  • Jan 7, 2011 6:57am Jan 7, 2011 6:57am
Quoting fti

[...]
much of the younger generations are trained that way.
you ask them jump, they ask how high?
in battle situations. they normally casualties.

regards

so now put on hard hat
, lock and load , because battlestations soon.
and every one only get 1 round.
you miss target you go hand to hand.
Yeah - switching to trading mindset now.
Relaxing with Diana Krall and a fresh coffee, while watching the charts.
Sometimes you can spot when the big guys take their positions in preparation for the event ...

See you in the market,sir!
  • #21,529
  • Jan 7, 2011 7:02am Jan 7, 2011 7:02am
Quoting MaMood
Yeah - switching to trading mindset now.
Relaxing with Diana Krall and a fresh coffee, while watching the charts.
Sometimes you can spot when the big guys take their positions in preparation for the event ...

See you in the market,sir!
ai ya you and your women.
note diana krall is not market, so no feeling her hor.

another 28 mins to be ready.
regards
  • #21,530
  • Jan 7, 2011 7:04am Jan 7, 2011 7:04am
Quoting fti
another 28 mins to be ready.
regards
28 mins is a long time....
  • #21,531
  • Jan 7, 2011 7:06am Jan 7, 2011 7:06am
Quoting fti
ai ya you and your women.
note diana krall is not market, so no feeling her hor.

another 28 mins to be ready.
regards

well - once again you "cornered" me
  • #21,532
  • Jan 7, 2011 7:07am Jan 7, 2011 7:07am
Quoting Intensity
28 mins is a long time....
I make comments about french PM and french man shows.
You lucky hor, I locked, but careful i loaded.

Parlez-vous français. Nouveau ici?

regards
  • #21,533
  • Edited 7:22am Jan 7, 2011 7:09am | Edited 7:22am
Quoting MaMood

well - once again you "cornered" me
ai ya.
no jokes no fun
no eeeer no sons.

Mamood, you know intensity?
no, i think he 's male.
Better not crack jokes about strangers.

regards
  • #21,534
  • Jan 7, 2011 7:22am Jan 7, 2011 7:22am
Quoting fti
ai ya.
no jokes no fun
no eeeer no sons.

Mamood, you know intensity?
no, i think he 's male.

regards
Hey hey - not all my friends are girls only


But most of them ...
  • #21,535
  • Jan 7, 2011 7:24am Jan 7, 2011 7:24am
Quoting MaMood
Hey hey - not all my friends are girls only
ai ya, see
you said it yourself.

I quote you hor.
Hey hey - not.
"all my friends are girls only"

regards
  • #21,536
  • Jan 7, 2011 7:25am Jan 7, 2011 7:25am
Cable and UJ already know, what is going to happen ...
  • #21,537
  • Jan 7, 2011 7:25am Jan 7, 2011 7:25am
Quoting fti
and every one only get 1 round.
you miss target you go hand to hand.
good one
  • #21,538
  • Jan 7, 2011 7:27am Jan 7, 2011 7:27am
Cable, Yen movement before release, caution
  • #21,539
  • Jan 7, 2011 7:38am Jan 7, 2011 7:38am
Hi, that was easy money.
Did one scalp.

Now back to serious trading.
  • #21,540
  • Jan 7, 2011 7:41am Jan 7, 2011 7:41am
Quoting MaMood
Hi, that was easy money.
Did one scalp.

Now back to serious trading.
Good job, I wonder how many folks bought into the false breaks on Yen, Cable just prior to the announcement
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