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  • #24,741
  • May 9, 2011 4:56am May 9, 2011 4:56am
Quoting Jaro
How is your health these days FTI? Any improvements?
Hi jaro,
Is feeling not so sluggish, as cut medications to minimal.
But i know is a trade off. Sioomething gains and sometihing gives.
The problem is like for now i feel fine except that i need not do meditations to feel heart beat from fingers. The monster inside is working overtime keep me up. But i know like the last time i went out, can just create lots commotion for others when i suddenly lose energy. Thank God i wasn't driving and some good samarithan took trouble drive me home from the shops. Bless her kindness. I had been medically warned, if i hit my head is sayonara for me.

Trading is surely out of my scope as for now.
I just watch markets clowning around find their balance and trying to see what sorts of gossips around the markets.

But spending a little time here with you friends gets nice feelings, but not be too focused on me. This is still a trading thread and you peeps can help some newbies as much as they allow you to.


regards
  • #24,742
  • May 9, 2011 5:03am May 9, 2011 5:03am
Quoting sakatalight
morning fti sir,
glad to see you are in a good mood!
it's really a song from the long gone past. but it's very easy to understand. plain mandarin. the same meaning as the songs you showed us before.
wish you my best!
satatalight
Yo, sakatalight,
hope your trades improved much.esp mindset and skills.

keep at it, its a long road.

regards

ps: yeap song is vintage. But i love it because evey time i hear it i can feel dad kick my behind.
When i find more energy, maybe i can torture you with his naughty songs.
  • #24,743
  • May 9, 2011 6:11am May 9, 2011 6:11am
[quote=fti;4603778]Yo, sakatalight,
hope your trades improved much.esp mindset and skills.

keep at it, its a long road.

regards


hi fti sir,
sorry for the delay. the market was slow. so i left to take my dinner. wish you a good lunch!
about trading, i made some progress. i am happy with it. but i am sure i need more practice to improve my mindset and skills. thank you, sir! for teaching me all these! (my thanks also goes to mamood and dongsky. i learned a lot from you. thanks!) and i will keep learning to carry your style forawrd, to make the difference like the young man in the song.
best wishes!
sakatalight

BTW you were kicked by your dad?! i always thought you were brought up in the west way in the states. ok i will feel better when the memory of how my dad taught me comes to me. and naughty songs from the past in the 30s or 40s? oh, sir, i am afraid they won't be strong enough. you know. i grew up in an open China. joking
  • #24,744
  • May 9, 2011 7:14am May 9, 2011 7:14am
Quoting fti
One really bad thing i discovered lately.
Thay have this game in windows 7 is called Titan chess.
The damn programs cheats.
the pawn can eat yours even when you had moved pass it.
....
There is a rule in chess called en passant, but it is sometimes over looked.
Perhaps thats what titan chess moved on you.
http://www.learnchessrules.com/enpass.htm
  • #24,745
  • May 9, 2011 9:53am May 9, 2011 9:53am
Hello Fti,

Would you mind to expand

"Truely this the biggest "stink operations" i had seen in my lifetime.
My sources and concurred with imjscn, that its only one US party trying cloud out the sun with their mammoth hands. No sure if the feds have anything do with it. Maybe soon when the rogue trader surfaces we will know who it is.( may turn out to be 1st machine to be in caserated) Also heard that the morguns are on the gold and extremely short paper."

Thank you .

Ps: is there any other book than paper money that is on the same subject and that you would recommend?
  • #24,746
  • May 9, 2011 11:09am May 9, 2011 11:09am
Hi Fti and all,

I'm wondering if Fti or some more experienced member could help me refine my undertstanding of the material. I've read the thread and I'm aware that basic discussions are mostly done but I have lots of "holes" to fill in.

I'll just start asking one by one and I hope someone could lead me in the right way:

First, I'm having trouble determining size of my base. Too small and the pips would be very low in value, too big and the risk of ruin increases considerably. I'm considering my rescue sequence (troops) to be a total of 16 base units, but this is only one part of the picture. Fti, you mention the use of ATR as a thrust/speed measure to determine size/volatility. My interpretation of this was to take the largest daily bar from the previous 2 weeks (which is my way of measuring the last leg of a run) and determine my base so that I can hold a 16xbase position through a whole run against it. This approach looks to me like conservative since I could let bad positions bleed considerably, but it seems to me more like a longer term approach and not completely in tune with the quick dance steps teached here.

You also mention that max risk per position should be 10% of capital, but you recommend that we should limit max daily losses to 3x average daily profit... Does this mean that a good (even great) dancer should expect to achieve around 3% daily profit? With those numbers, the account growth would be unbelievable fast!

Thanks for any pointers that you could give me and my best wishes for the improvement of your health.

PS. Sorry for grammar/spelling errors, not native english speaker!
  • #24,747
  • May 9, 2011 11:23am May 9, 2011 11:23am
Quoting tricello
Hi Fti and all,

I'm wondering if Fti or some more experienced member could help me refine my undertstanding of the material. I've read the thread and I'm aware that basic discussions are mostly done but I have lots of "holes" to fill in.

I'll just start asking one by one and I hope someone could lead me in the right way:

First, I'm having trouble determining size of my base. Too small and the pips would be very low in value, too big and the risk of ruin increases considerably. I'm considering my rescue sequence (troops) to be a total...
Hi Tricello. The long term attitude is not what is being discussed here. Rescues are for example only 4pips, snowballs should be actively traded. Practising is the right way to understand it. Also reading first 200pages of the thread.
  • #24,748
  • May 9, 2011 11:51am May 9, 2011 11:51am
Quoting Fana
Hi Tricello. The long term attitude is not what is being discussed here. Rescues are for example only 4pips, snowballs should be actively traded. Practising is the right way to understand it. Also reading first 200pages of the thread.
Thanks Fana, I've read the whole thread and been practicing for a few weeks with success.

my question is more about how do you determine the size of your base?

I'm not suggesting trading longer term with this method, but if you get caught fully loaded (after sending a L3 recue for example) on the wrong side of a wild movement, how do you account for this in the MM?

Fti talks about the use of ATR but in reference to the last run... Has this been clarified and I missed it?

Thanks
  • #24,749
  • May 9, 2011 12:02pm May 9, 2011 12:02pm
Quoting tricello
Thanks Fana, I've read the whole thread and been practicing for a few weeks with success.

my question is more about how do you determine the size of your base?

I'm not suggesting trading longer term with this method, but if you get caught fully loaded (after sending a L3 recue for example) on the wrong side of a wild movement, how do you account for this in the MM?

Fti talks about the use of ATR but in reference to the last run... Has this been clarified and I missed it?

Thanks
How big is your account? First you should protect your capital, so dont risk much. When you use bigger positions for rescues... you have to be very swift. take it away immediatelly... or for example you lose 10% of account... You have to be prepared to kill positions when your capital is in danger... Just imagine that you will be consistently losing 5-10% some days.... You will end soon. for example : account is $750, scout is 500units. You can reach 1% profit with 1,1,3 easily... But when you will be in troubles, you will need for example 10.000 units for rescues... So count your danger from that 10.000units.... 100pips against you is $100. And that is a big loss!
E/U normally do 100pips per day...
- Reading couldnt be enough... just study it:-)
  • #24,750
  • May 9, 2011 3:01pm May 9, 2011 3:01pm
i am by no means an expert at fighting the forex war ( i like the war analogy gives me better strategic thinking)

i have a mini account, so effectively 1 lot is .10 cts per pip, so you have to do some math, i mean. everything here is not set in stone.
example.

i find the fibo scaling for my lot size helpful if trend riding, but sometimes i am not trend riding but range trading, or quickly profiting

i use 1 lot to feel the pulse and if the market is going in my favor i can use 1,5,5 maximizes my profit while giving me room for rescue so i effectively scale in in 2 strong or 3 strong positions depending on momentum of price. sometimes i do 1,5,5,5 giving me 16 troops in or 1,5,10 depending on how price is looking,

this is if i want to achieve a quicker attack, if price action allows it, as for every wave there is a counter wave and i dont want to march my army in too slow.

there are times when 1,2,3,5,8 when trend riding is the best way. if i am taking advantage of a trend move

or if i am ill timed i can attemp to ancor a position by 1 as i believe price found support 2 lots when consolidation happens and 3 as price moves upwards, gives me a better initial average.

it all depends i would say on your style and what the market is doing

1,3,9 can be a good rescue, or 5,15,


i believe the most important thing is to identify market condition
and direction as well as momentum


ATR i use it to give me a perspective on momentum because usually the higher the range the more conviction on the move, you will see a sharp big range day slow, slow and then turn, with small sell off followed by big range sell off at the end. or if you find the ATR of a leg, it can be used to confirm the strength of price rejection, from a price level and give you an idea whether its a corrective wave or a reversal.
AVT INVENIAM VIAM AVT FACIAM
  • #24,751
  • May 9, 2011 3:10pm May 9, 2011 3:10pm
correct me if im wrong.

but attacks and rescues are design to be flexible in our approaches and not going all in, on an opinion or assumption and then turn it into hope and await if the assumption was indeed correct.

with skews we can actively manage risks and reposition for better average size while attempting not to be over exposed, and that is up to the trader.

maintaining troops in the field but some in reserve as if your army gets beaten back, we could have reinforcements to attempt to bail out what other wise would be a routed division.

however if the enemy continues to smash our forces, maybe our surveilance of the battelfield, or the enemy was misjudged. maybe we are fighting an uphill battle. and that is why it is important to attempt a well time rescued on counter wave, as to retreat, from battle and not get our army wiped out
AVT INVENIAM VIAM AVT FACIAM
  • #24,752
  • May 9, 2011 5:51pm May 9, 2011 5:51pm
Quoting the redlion
correct me if im wrong.

but attacks and rescues are design to be flexible in our approaches and not going all in, on an opinion or assumption and then turn it into hope and await if the assumption was indeed correct.

with skews we can actively manage risks and reposition for better average size while attempting not to be over exposed, and that is up to the trader.

maintaining troops in the field but some in reserve as if your army gets beaten back, we could have reinforcements to attempt to bail out what other wise would be a routed division.

however...
How many trades have u taken so far with the underlying approach u told/asked here....


V
  • #24,753
  • May 9, 2011 6:01pm May 9, 2011 6:01pm
as i said before im no expert im still experimenting, with the skews.

but i have found in my opinion a flexible attack and retreive to be more advantagous to me. i could be wrong and if i am the more experience traders here can perhaps correct me.

to be dead honest, my main concern at this stage is
market recognition, and im adjusting attack skews accordingly

if i scale at fibo when market momentum is in my favor, i find the risk of having my heavy troops at wave correction

so i use an approach that can maximize my profit while not leavinng me overexposed, i think it has to do with traders threshold

if feel fully commited at 15 lots, because i will find it impossible to rescue,
AVT INVENIAM VIAM AVT FACIAM
  • #24,754
  • May 9, 2011 7:43pm May 9, 2011 7:43pm
Quoting the redlion
as i said before im no expert im still experimenting, with the skews.

but i have found in my opinion a flexible attack and retreive to be more advantagous to me. i could be wrong and if i am the more experience traders here can perhaps correct me.

to be dead honest, my main concern at this stage is
market recognition, and im adjusting attack skews accordingly

if i scale at fibo when market momentum is in my favor, i find the risk of having my heavy troops at wave correction

so i use an approach that can maximize my profit while not...
so how many trades so far u have taken????


V
  • #24,755
  • May 9, 2011 8:16pm May 9, 2011 8:16pm
its hard to come up with a number, i trade everyday. most of the day when im free.

i suppose the best indicator is my account reflecting profits and i hardly let a trade go unrescued.
AVT INVENIAM VIAM AVT FACIAM
  • #24,756
  • May 9, 2011 11:32pm May 9, 2011 11:32pm
[quote=sakatalight;4603942]
Quoting fti
Yo, sakatalight,
hope your trades improved much.esp mindset and skills.

keep at it, its a long road.

regards


hi fti sir,
sorry for the delay. the market was slow. so i left to take my dinner. wish you a good lunch!
about trading, i made some progress. i am happy with it. but i am sure i need more practice to improve my mindset and skills. thank you, sir! for teaching me all these! (my thanks also goes to mamood and dongsky. i learned a lot from you. thanks!) and i will keep learning to carry your style forawrd,...
Sorry . i was away in another world for long time. seems lost a day.
not kicked physically, but kicked to thinking. He had very subtle ways put me into thoughts mode, which i calls kicking me in the behind.
He was a kind man, and had seen so much in his lifetime. And he used it mentor me to be disciplined.

You may had mistaken, the fact is i grew up in Nanyang. Here is melting pot of all things Chinese. What i had learned from many chinese friends in china mainland is that most of chinese character and way of tao had been lost during the revolution, Is same like when shi huang ti burnted all of the chinese libraries. Is a fact that if you wrote a chinese book now. Most of our ancestors, if they came back, will not be able to read or understand without rehabitation.
During my dad's times, esp during granny's times, for one chinese character, it took him hours to explain all the hidden wisdoms in a single word.
Even Adam and Eve and creation seems all in the words. Its called chinese calligraphy, not seems all's left is words.

Here's some pieces left behind that still exist and are being researched.

http://www.morgenster.org/signs.htm
http://www.unicorngarden.com/creation.htm
http://www.raccoonbend.com/languages.../chinchar.html

regards
  • #24,757
  • May 9, 2011 11:40pm May 9, 2011 11:40pm
Quoting Slee
There is a rule in chess called en passant, but it is sometimes over looked.
Perhaps thats what titan chess moved on you.
http://www.learnchessrules.com/enpass.htm
yes slee, seems you are right. Is not a bug.
OK seems i am in unfamiliar territories, i invoke mulligan.
To win game need know rules.
Back to QiangQi.

regards
  • #24,758
  • May 9, 2011 11:50pm May 9, 2011 11:50pm
OMG,
He left before me. I am sad. To me he was the best.
My condolence to his family.
So sad.

http://news.yahoo.com/s/ap/20110507/...it_ballesteros


regards
  • #24,759
  • May 9, 2011 11:51pm May 9, 2011 11:51pm
Quoting fti
OMG,
He left before me. I am sad. To me he was the best.
My condolence to his family.
So sad.

http://news.yahoo.com/s/ap/20110507/...it_ballesteros


regards
nice to see you are well FTI
AVT INVENIAM VIAM AVT FACIAM
  • #24,760
  • May 9, 2011 11:57pm May 9, 2011 11:57pm
FTI

God's will be done.

my prayers are with you brother.
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