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Technical Analysis Fallacy

  • #24,041
  • Mar 31, 2011 7:34am Mar 31, 2011 7:34am
Ladies and Gentleman:

Get your helmets on. Battle Formations readied. Its going to be a glorious day either way.
  • #24,042
  • Mar 31, 2011 8:17am Mar 31, 2011 8:17am
Dear FTI & Threaders,
This is merely to thank you for your honest comments.
I hope that as I keep reading the postings
(I am now at 6645 - page 443)
I will find answers to some of my questions.
Finally, I think that today is going to be an interesting day.
As before, I will be out on the sidelines (newbie thing).
Best Wishes!
Plankton
"Life is like a box of chocolates."
  • #24,043
  • Edited 9:52am Mar 31, 2011 8:18am | Edited 9:52am
FX Plankton:

Its good to have a thinking man from the academic world around here. Were happy you are here. But I think you need to rethink your approach if you really want to succeed. The market is not so much a science but more a art. Don't force as FTI says rigidity kills.

Regarding your idea of sharing blotters and trades is simply absurd from a logical perspective. Business is war brother. We are here to feed are family, fly are families colors and coat of arms. Not to hold hands and play kombya song. In any other industry no one shares proprietary info with competitors. For example I'm in road building engineering. We are all members of the same associations we know each other, drink together and are friends. But when its bidding time its war same as trading.

Heres a live trade I took today. Only reason I'm showing it is I'm happy I made a lot quite fast. This will be the last time I do this. But be sure FTI method works if you just silence your mind and dance with all the pretty ladies. Although, one thing I don't do is such high skews. I don't believe in that part I'm more conservative and I like to think in most circumstances I can conduct rescue operations with an "economy of force" and still make a small profit.
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  • #24,044
  • Mar 31, 2011 8:53am Mar 31, 2011 8:53am
Dear GW,

I am sorry that you took the interpretation of others as my own.
I only suggested to post Results (i.e. not detailed Blotters, etc).
I believe that it is sufficient with what was posted at the beginning
(Note: I am at page 444, post 6659).
Therefore, any further detailed information may be an overkill if not properly justified (e.g. if it shows a modified approach).

Thanks for reminding the Art.
I think this is what FTI had in mind when FTI introduced AOW.
This is why I posted the History Channel Chapt 1 of AOW (YouTube).

Best !

Plankton
"Life is like a box of chocolates."
  • #24,045
  • Edited 2:03pm Mar 31, 2011 9:42am | Edited 2:03pm
Quoting Dl17
V, Niels, - Pagezipper ( http://www.printwhatyoulike.com/pagezipper) I don't think it saves as one pdf and its not for the Kindle specifically but a usefull browsing add on tool nevertheless.

Hope this helps and keep up the good work.
You rock....this is what i wanted.....

Got it downloaded the TAF in 3 parts....

Done for Kindle File name: taf.zip File size: 27.70 MB....

Missed one file TAF 1.1 kindle only File name: TAF 1.1.prc File size: 16.51 MB

trying to make pdf too...(anyone knows hwo to convert html file to pdf...the one program i use is unable to create pdf may be being the file can anyone take the job on this i can upload the 3 html files)

anyone interested???


V
  • #24,046
  • Mar 31, 2011 11:07am Mar 31, 2011 11:07am
Quoting indianguyinny24
You rock....this is what i wanted.....

Got it downloaded the TAF in 3 parts....

Done for Kindle File name: taf.zip File size: 27.70 MB....

trying to make pdf too...(anyone knows hwo to convert html file to pdf...the one program i use is unable to create pdf may be being the file can anyone take the job on this i can upload the 3 html files)

anyone interested???


V
http://www.htm2pdf.co.uk/

click on the link and where it says "convert by direct input" you can point that to the html files you have
  • #24,047
  • Mar 31, 2011 11:15am Mar 31, 2011 11:15am
Hello FTI & Fellow Threaders,

Sorry to post this light-hearted comment...

My humour got cranked up with FTI's post #7018
(Jun 8, 2009 9:59am - Page 468).

Like maheswara, I did not have a clue about this concept.

Best!

Planckton
"Life is like a box of chocolates."
  • #24,048
  • Mar 31, 2011 11:24am Mar 31, 2011 11:24am
Quoting indianguyinny24
You rock....this is what i wanted.....

Got it downloaded the TAF in 3 parts....

Done for Kindle File name: taf.zip File size: 27.70 MB....

trying to make pdf too...(anyone knows hwo to convert html file to pdf...the one program i use is unable to create pdf may be being the file can anyone take the job on this i can upload the 3 html files)

anyone interested???


V
Good to hear you found what you were looking for. Now I can fix my puter. LOL
Something about the second program I ran to do this really messed up my windows
partition.

I am pretty sure Open Office will create a PDF.
  • #24,049
  • Mar 31, 2011 12:00pm Mar 31, 2011 12:00pm
FullPerson [quote=...We will never be able to get rid of all our scorpions, that would indeed (at least for me) take away part of the human aspect. But what we can do is keep the scorpion "caged". If we lash out or hurt anyone, the best we can do is apologize, make things better and hope our offence is forgiven.
Best[/QUOTE]

I understand your point FP. Just my 2 cents here... keeping our scorpions caged still implies harboring dangerous creatures that can wreak considerable havoc if they ever get a chance to escape.

I like to think about it as a process of starving my scorpions into submission. I know what they like to feed on; Ego, Pride, Greed, Impatience, Laziness... and I try my best to cut them out of my diet. My scorpions are free to roam around my psyche as they please, but if I cut them off from the mindset and habits they need to grow, they will become weak, malnourished, and unable to summon the energy needed to bring us all down.

Just my humble opinion.
  • #24,050
  • Edited 12:48pm Mar 31, 2011 12:18pm | Edited 12:48pm
Fana:

Look at CZK. It was all technicals today. To bad the spread is to restrictive I would love to trade this pair.

Aussie looks like a attractive sell up at 370. Todays CRB, Crude, Gold and Equites sure support this trade. Definitely not the best prospective trade but for a limited size trade it looks nice to me.
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  • #24,051
  • Mar 31, 2011 12:54pm Mar 31, 2011 12:54pm
Quoting Guerrillawar
Fana:

Look at CZK. It was all technicals today. To bad the spread is to restrictive I would love to trade this pair.

Aussie looks like a attractive sell up at 370. Todays CRB, Crude, Gold and Equites sure support this trade. Definitely not the best prospective trade but for a limited size trade it looks nice to me.
Hi Guerrillawar
I am very sorry, but this is very off-topic. It seems that you use something else, than what FTI presented. Question for you : How do you do RESCUES in this pair? You dont use snowballing? What about your MO?

I know, that you have a sympathy to CZK, but this is a scorpion. Regards
... i trade only one pair EUR/USD
  • #24,052
  • Mar 31, 2011 12:54pm Mar 31, 2011 12:54pm
Quoting FX Plankton
Hello FTI & Fellow Threaders,

I am now at Page 412 (Post#6180 - Mar 17, 2009 12:09pm).
I have read about the different sad situations that FTI had to endure.
The more I read, the more I value this Thread.
Today I feel that I may make a Planktonic contribution to the Thread
and to FTI's Goals.

I have been an university teaching, researcher, admin, for 30+ years.
It troubles me that the concepts introduced by FTI via Chapter 1 of AOW (something like 'In The Beginning') seems to have faded away.

The postings I have read so far show the many Monkey...
Hi FX Plankton

my response: "you're only as good as the last trade, NO HISTORY!"

Rgs
  • #24,053
  • Edited 1:58pm Mar 31, 2011 1:04pm | Edited 1:58pm
Quoting Atomic_Sheep
Thanks Guerrillawar, will have to have learn a bit more about all this. I think the more you know the better, so any extra knowledge such as this just makes things easier.

Sorry Gro, didn't quite understand what you were alluding to if you were alluding to something as I'm not that good at reading between the lines sometimes.

EDIT: Another question has popped up... what is clustering and what is tearing? I'm guessing tearing means the market goes one way without looking back and clustering means there's low volatility?
know market structure = rhythm (up and down) => possibility of rescue ...
know yourself = "I am not infallible" => more options rescue ...
OK?
  • #24,054
  • Mar 31, 2011 1:11pm Mar 31, 2011 1:11pm
Quoting Atomic_Sheep
The Bruce Lee videos are fantastic . I do however have 1 question. Humans a fallible, it's something that is constantly reinforced... however is this also an important part to our existence? If we are like water all the time, does that mean we lose our human side? In trading, being like water is great, but as FTI pointed out in his very early posts of this thread with the scorpion and the turtle story (my interpretation of it was somewhat consistent with his explanation of the story however it looked at it a little bit more generally I...
Zoran replied to you. Complete agreement. Thanks Zoran.

PS "Even if the best-trained Scorpion ... dies.Only turtle survives, because water is its natural environment."
  • #24,055
  • Mar 31, 2011 1:11pm Mar 31, 2011 1:11pm
Quoting Fana
Hi Guerrillawar
I am very sorry, but this is very off-topic. It seems that you use something else, than what FTI presented. Question for you : How do you do RESCUES in this pair? You dont use snowballing? What about your MO?

I know, that you have a sympathy to CZK, but this is a scorpion. Regards
... i trade only one pair EUR/USD
CZK is highly correlated to Eurusd at times so it is a relevant pair to watch for just trading eurusd. Also due to its low liquidity the foot prints of large traders are much more easy to read in this pair compared to the eurusd which is awash in liquidity.

I have very similar MO I sell weakness and buy strength just do it before the break out has taken place. And I try to exit at critical market defined points if the dance allows for it. There is a part of art of war and military strategy called economy of force its very important and must be taken into consideration. My MO is simple I believe in simply entering at diversified price points. May take a few scouts to find out when to deploy my army. I have little concern of launching a all out rescue campaign for mere scouts. I simply let the scouts tell me when to deploy my army. I hold scouts and two other armies in reserve. These diversity of entries allow me to make money in most market conditions. Not all but most. And my losses tend to be small. Its not exactly the same as FTI. I'm an artist that is in the same school of thought. For example both Monet and Manet are impressionists but they differ the world would be no fun if there is to much rigidity. What is the famous saying rigidity kills.
  • #24,056
  • Mar 31, 2011 1:18pm Mar 31, 2011 1:18pm
Quoting Guerrillawar
CZK is highly correlated to Eurusd at times so it is a relevant pair to watch for just trading eurusd. Also due to its low liquidity the foot prints of large traders are much more easy to read in this pair compared to the eurusd which is awash in liquidity.

I have very similar MO I sell weakness and buy strength just do it before the break out has taken place. And I try to exit at critical market defined points if the dance allows for it. There is a part of art of war and military strategy called economy of force its very important and must...
Are you a professional trader?
  • #24,057
  • Mar 31, 2011 1:58pm Mar 31, 2011 1:58pm
Quoting tubguy
Good to hear you found what you were looking for. Now I can fix my puter. LOL
Something about the second program I ran to do this really messed up my windows
partition.

I am pretty sure Open Office will create a PDF.
thanks Tubguy,

yup now have the Entire TAF in kindle...not the best formatted but it works..atleast now i can jus topen it anywhere and ponder about it...

Thanks
V
  • #24,058
  • Mar 31, 2011 2:15pm Mar 31, 2011 2:15pm
Quoting Amanah
FullPerson...
"accept life turtles" (I'm still learning)
  • #24,059
  • Mar 31, 2011 2:16pm Mar 31, 2011 2:16pm
Quoting FX Plankton
Hello FTI & Fellow Threaders,

Sorry to post this light-hearted comment...

My humour got cranked up with FTI's post #7018
(Jun 8, 2009 9:59am - Page 468).

Like maheswara, I did not have a clue about this concept.

Best!

Planckton
  • #24,060
  • Edited 3:02pm Mar 31, 2011 2:18pm | Edited 3:02pm
Quoting indianguyinny24
You rock....this is what i wanted.....

Got it downloaded the TAF in 3 parts....

Done for Kindle File name: taf.zip File size: 27.70 MB....

Missed one file TAF 1.1 kindle only File name: TAF 1.1.prc File size: 16.51 MB

trying to make pdf too...(anyone knows hwo to convert html file to pdf...the one program i use is unable to create pdf may be being the file...


PS I can not open it file .prc
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