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Technical Analysis Fallacy

  • #21,561
  • Jan 8, 2011 10:52am Jan 8, 2011 10:52am
I experienced that when I went for 3 weeks to UK. We were attacked with domestic guys, as they hated foreigners. I go on 20th february to cambridge, but I read yesterday there is high awearness of terrorism, so I hope everything is gonna be fine. I go to cambrdige to atend some lectures with my friend, I wanna see hows life there =D Otherwise I love my life in slovenia, also my origins are from bosnia, I spend lots of time there. For me as a slovene citizen everythin is cheap and funny.=D Ahmab where r u from, my friend lives at south beach, MI and he said its so good and likes it a lot =D all the best
  • #21,562
  • Jan 8, 2011 11:17am Jan 8, 2011 11:17am
Quoting mijamoto
OK guys as far as I remember from taekwondo and also on my trading experiences, its much more difficult to attack than to defend. I dont know maybe because of my personality. Usually at my sport when u attack u r taking risks, as u cent get hurt by defensive strikes. Can u please post me mamod what if u like start attacking, when u r positive but u just took some hype wave, and u start loosing money. Like I dnt know. scout 1 lot, after 10pips+ u add another one, than after 8 pips another, one than after 15pips, another 1 its sum of 4. Than price...
Hi Mijamoto,

I have no idea, what you are asking for.
Could you please try to explain it in other words?

Sorry!

Niels
  • #21,563
  • Jan 8, 2011 12:03pm Jan 8, 2011 12:03pm
I mean like when u r attacking skew. When u r in profits and u deploy more troops, what u do when things go against you, price falls and ur profits shrink=D all the best
  • #21,564
  • Edited 12:49pm Jan 8, 2011 12:20pm | Edited 12:49pm
Human ego is real stubborn mostly.
Sometimes rubbish looks like the real stuff?
Sometimes the real stuff looks like rubbish?
Sometimes they are diamonds ,sometimes just stone.

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Thank You John,RIP, fine flyboy.

regards
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  • #21,565
  • Jan 8, 2011 12:43pm Jan 8, 2011 12:43pm
"I hope that you will think of me, in moments when you're happy and you're smiling. And the thought will comfort you, on cold and cloudy days when you are crying."
Around and Around - John Denver

we do John.

thx for the reminder chief.
  • #21,566
  • Jan 8, 2011 4:51pm Jan 8, 2011 4:51pm
Quoting mijamoto
I mean like when u r attacking skew. When u r in profits and u deploy more troops, what u do when things go against you, price falls and ur profits shrink=D all the best
Hi again Mijamoto!

Aaah ok - now I got it.
Basically I only deploy my attack troops, when there is good momentum respectively I'm inside an impulsive move. When momentum is fading, I usually take out my last deployed level. When I feel/see that there will be a reversal (that might go back further than the new last entry point), I take out that level too. When momentum is increasing against me, I take out all affected attack levels, except scout.

But it depends on the way PA is playing out.

I have written something about an easy training approach at 28th of october this year. Maybe it is of some help for you. Here it is again:


Originally Posted by Baifu http://cdn.forexfactory.com/images/buttons/viewpost.gif
[...]

After almost one year of practice I still have not learnt attack which is central to fti teaching http://cdn.forexfactory.com/images/smilies/yim/sad.gif Am training with the mantra "Buy Low Sell High" in the direction of bias (short chart M5 M15 trend). I believe playing both sides make it hard to take advantage of position sizing and therefore the MO requires very good timing. Personally I do not believe in market timing independent of position sizing.

[...]

Regard,
Baifu

Hi Baifu,

what's about a simple idea to train you attack skills.

Assuming you are trading the M5 chart and uing M1 for timing, M15 and H1 for trend. Attached is an M5 chart of cable from todays London morning session.

The idea: Add one level of troops every new M5 bar, when the one before was a "strong bar".

What is a "strong bar"?

- you have seen good/increasing momentum(speed of growth)
- it is longer than the average bars before
- It has no or a very small top wick only.
- it was not diving to deep (<40%) into the price range of the bar before.
- PA is not approaching a resistance or support area

When the first NON-Strong-Bar appears, reduce exposure or square out.

That idea is something like training wheels for you bike.
You have to go beyond such an approach with your evovling experience, because it is very rigid.
But it will give you the feeling for attacking the market and will take the fear of being wrong ...

http://cdn.forexfactory.com/attachme...1&d=1288266514
  • #21,567
  • Edited Jan 9, 2011 7:56am Jan 8, 2011 6:09pm | Edited Jan 9, 2011 7:56am
Thx it makes me clear how u do it. Does FTI agree with that. All the best guys
Mamood which time frame did u use? M5 or M1 in an example
  • #21,568
  • Jan 8, 2011 9:28pm Jan 8, 2011 9:28pm
Thanks Mamood. I have a better idea of what fti's "advice" is. The skew is an example illustrating the movement from junior-senior-chief book size, as well as the use of a geometric skew (as a result of the WW table). More importantly is idea of the use of the skew to increase the average position ("basis") to an acceptable level which I feel appropriate,(dependent on many many things).

I tend to be extremely nimble/aggressive in rescues as well (but my training wheels at 1,1,2 are preventing me from choosing a skew that's more appropriate for me).

I can't tell you how valuable your comment was in my mindset development.

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...
  • #21,569
  • Edited 2:46am Jan 9, 2011 2:16am | Edited 2:46am
Quoting mijamoto
Thx it makes me clear how u do it. Does FTI agree with that. All the best guys
Mamood which time frame did u use? M5 or M1 in an example
P.S This is my friend. He is world champ at taekwondo. I would never say tht korean culture so different. Here in europe you can see from an airplane someone is doing sports =D I am so impressed heheh
http://minihp.cyworld.com/pims/board...8&tid=23811647
http://minihp.cyworld.com/pims/board...9&tid=23811647...
Hi,
Something added, something gives. Equilibrium and diminishing returns laws apply. Different folks, different strokes.

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regards
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  • #21,570
  • Jan 9, 2011 3:14am Jan 9, 2011 3:14am
Hi all,

i used to play a game with my scouts.
its for training for accuracy.
its called messenger.
a messaged is issued verbally.
then a scout supposed to run half a mile, then pass the message to another scout.
This goes on for from scout to scout around the city.
Normally when the message returns to me.................

You may like try.

regards
  • #21,571
  • Edited 4:35am Jan 9, 2011 3:41am | Edited 4:35am
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That Fergie is nice and sexi. But my exgf is not exceeded by anyone...
  • #21,572
  • Jan 9, 2011 3:44am Jan 9, 2011 3:44am
Quoting mijamoto;4298210[B
]Thx it makes me clear how u do it. Does FTI agree with that. All the best guys [/b]
Mamood which time frame did u use? M5 or M1 in an example
P.S This is my friend. He is world champ at taekwondo. I would never say tht korean culture so different. Here in europe you can see from an airplane someone is doing sports =D I am so impressed heheh
http://minihp.cyworld.com/pims/board...8&tid=23811647
http://minihp.cyworld.com/pims/board...9&tid=23811647

Good Morning again,

sorry but this is not how I do it, that is just a possible way to do it. Especially when your are trying to get a handle on attacking. (And I'm sure fti is doing it different too).

The problem is, that as soon as we are reacting based on fixed rules, we are starting to deviate from fti'S teachings strongly. A defined set of rules will never be able to cover the rythm of the market. We need flexibility in all our decision, not rigidity!

But however, it may be helpful for doing some steps on the dancing floor at all...

CU,
Niels
  • #21,573
  • Jan 9, 2011 3:54am Jan 9, 2011 3:54am
Quoting fti
Hi all,

i used to play a game with my scouts.
its for training for accuracy.
its called messenger.
a messaged is issued verbally.
then a scout supposed to run half a mile, then pass the message to another scout.
This goes on for from scout to scout around the city.
Normally when the message returns to me.................

You may like try.

regards
We call it "Stille post" ("silent post") here in germany.
The message gets transformed in a very crazyway most of the time ...
  • #21,574
  • Jan 9, 2011 4:22am Jan 9, 2011 4:22am
I can't stop listening to this song

each time I fall in love

Ps: Whats up Niels

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  • #21,575
  • Jan 9, 2011 4:45am Jan 9, 2011 4:45am
Quoting triger88990
I can't stop listening to this song

each time I fall in love

Ps: Whats up Niels

http://www.youtube.com/watch?v=PyoFsv-jcrA
declare your sex!!

On the lighter mode of life.
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  • #21,576
  • Jan 9, 2011 5:19am Jan 9, 2011 5:19am
Quoting fti
declare your sex!!

On the lighter mode of life.
http://www.youtube.com/watch?v=pDDbbphd_Og
was speaking about the music

need to be more careful next time with my spelling

it seems you guys have no mercy left

need to come up with something next time, before it gets out of hand
  • #21,577
  • Jan 9, 2011 7:26am Jan 9, 2011 7:26am
Quoting triger88990
I can't stop listening to this song

each time I fall in love

Ps: Whats up Niels

http://www.youtube.com/watch?v=PyoFsv-jcrA
Oooh - have I missed something again?
New members/ladies somewhere?
  • #21,578
  • Edited 7:40am Jan 9, 2011 7:30am | Edited 7:40am
Quoting MaMood
Oooh - have I missed something again?
New members/ladies somewhere?
If it is not already clear.
Gender and whether you regular showers have little bearing on profitability. If you wave surfer, it helps.
Only personality.

regards

oh forgot mention,
if you have hormonal imbalance, tendency of silly mistakes, that shows up months later.
  • #21,579
  • Jan 9, 2011 7:53am Jan 9, 2011 7:53am
Quoting fti
If it is not already clear.
Gender and whether you regular showers have little bearing on profitability. If you wave surfer, it helps.
Only personality.

regards

oh forgot mention,
if you have hormonal imbalance, tendency of silly mistakes, that shows up months later.
Hi Fti. GIRLS... ach. I think about myself, i am very weak in badroom, but i dont understand why they are so crazy with me. They are like dragons in my badroom. Still screaming, doing everything i want and they are so aroused... And i still dont know why...????? I am weak in bedroom:-)
  • #21,580
  • Edited 9:01am Jan 9, 2011 8:02am | Edited 9:01am
Quoting Fana
Hi Fti. GIRLS... ach. I think about myself, i am very weak in badroom, but i dont understand why they are so crazy with me. They are like dragons in my badroom. Still screaming, doing everything i want and they are so aroused... And i still dont know why...????? I am weak in bedroom:-)

Just for you.
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