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Technical Analysis Fallacy

  • #25,081
  • May 17, 2011 11:51pm May 17, 2011 11:51pm
Quoting the redlion
true, i have received help from some senior traders here, and i want to thank you from the bottom of my heart,
you know who you are and i wont mention names, due to privacy, but i am tremendously greatful.
I have been actively reading this thread, though not participating in it. I have an idea of problem but I don't know how you people have tried to fix it. Seems to be a hint....would somebody tell what is going on?
  • #25,082
  • May 18, 2011 1:47am May 18, 2011 1:47am
Maybe FTI is right and its time to leave this place. My previous post and MaMoods quote just got deleted (not even recycled).

Could be that all what Twee cares about are the broker ads.. which is a shame.

Edit: I wonder how long this post is gonna stand, lol
  • #25,083
  • May 18, 2011 1:52am May 18, 2011 1:52am
Quoting piccolo
Maybe FTI is right and its time to leave this place. My previous post and MaMoods quote just got deleted (not even recycled).

Could be that all what Twee cares about are the broker ads.. which is a shame.

Edit: I wonder how long this post is gonna stand, lol
First time even i am thinking this way.....to leave this place.....i guess some people do know skype room...


V
  • #25,084
  • May 18, 2011 1:58am May 18, 2011 1:58am
Quoting piccolo
Maybe FTI is right and its time to leave this place. My previous post and MaMoods quote just got deleted (not even recycled).

Could be that all what Twee cares about are the broker ads.. which is a shame.

Edit: I wonder how long this post is gonna stand, lol

Already more than my post - was deleted fast
  • #25,085
  • May 18, 2011 2:33am May 18, 2011 2:33am
Interesting price movement on the EUR/USD 5 min chart earlier. First time that I have seen price move in an almost straight line for so long.

Good trading to all here. Ray
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 47 KB
  • #25,086
  • May 18, 2011 2:37am May 18, 2011 2:37am
insanity...........what else.
  • #25,087
  • May 18, 2011 2:41am May 18, 2011 2:41am
Quoting 1234
Interesting price movement on the EUR/USD 5 min chart earlier. First time that I have seen price move in an almost straight line for so long.

Good trading to all here. Ray
I have seen 8 pip range on usd/chf for 8 hours

Looks like eur/usd is not ready to go down just yet.
  • #25,088
  • May 18, 2011 4:09am May 18, 2011 4:09am
Quoting fti
ok, so they had to censored me.
Ok I accept.

Goodbye.
God Bless.
People are often unreasonable, irrational, and self centred;
Forgive them anyway.
If you are kind, people may accuse you of selfish, ulterior motives;
Be kind anyway.
If you are successful, you will win some unfaithful friends and some genuine enemies;
Succeed anyway.
If you are honest and sincere people may deceive you;
Be honest and sincere anyway.
What you spend years creating others could destroy overnight;
Create anyway.
If you find serenity and happiness, some may be jealous;
Be happy anyway.
The good you do today, will be often forgotten;
Do good anyway.
Give the best you have, and it may never be enough;
Give your best anyway.
In the final analysis, it is between you and God.
It was never between you and them anyway.


Keep well !!
  • #25,089
  • May 18, 2011 4:41am May 18, 2011 4:41am
Quoting JetTrader
I read far more than the first post and its more of the same that I've seen for years on boards similar to this. I simply pointed out the flaws and contradictions, that's all. I did not know you get downgraded or ignored for doing things like that.
Did you ever get to the parts about humility and ego? If so, did you understand it?
  • #25,090
  • May 18, 2011 4:58am May 18, 2011 4:58am
Quoting JetTrader
Summer. Fall. Winter....
Your model fits nicely in the larger world, like Einstein's theory of relativity but there is also a smaller world. Have you ever studied quantum physics?

So according to your insurance model, you think we can program a car to drive itself on a road based on historical traffic statistics and not have an accident? I'd really like to see that one.

Quoting JetTrader
So, if we apply that same logic and extend it to an automobile insurance company, we will find that same company spending tons of its capital, studying its market and the probabilities for random events to occur that will impact their bottom line....
You really think these billion dollar insurance companies are like traders? fti's audience are beginners or people with limited experience, not a company with a huge amount of resources and funds. Do insurance companies work out a model and then claim it to be the holy grail of models or do you think they have people employed to adapt the model to constantly changing conditions and to also be ready for the occasional curve ball that could wipe them out?

The lessons within are here to teach the individual about trading, the mindset, money management, flexibility, dance, war and everything else needed to become successful. Not everyone will get it and not everyone can but for those that do and are prepared to put in the effort. Not everything you say is against fti's teachings but you seem to have missed a big part of it. I would suggest reading the thread, at least up to page 250 while also doing the exercises.

There is deep respect for fti here, someone who was on the front lines of trading/dealing at a tier one bank for decades. I hope you can learn something for his experience.
  • #25,091
  • May 18, 2011 5:02am May 18, 2011 5:02am
Quoting King Singh
People are often unreasonable, irrational, and self centred;
Forgive them anyway.
If you are kind, people may accuse you of selfish, ulterior motives;
Be kind anyway.
If you are successful, you will win some unfaithful friends and some genuine enemies;
Succeed anyway.
[font=Comic Sans MS][size=3][color=blue][b]If you are honest and sincere...
Very nice indeed and very appropriate at this time. Who is the author?
  • #25,092
  • May 18, 2011 5:07am May 18, 2011 5:07am
Quoting the redlion
i dont think english is FTI's mother language.

so he is a little odd with his writing however, discern what he is saying.

don take trades because the 5sma crossed the 30 sma, i mean you could if you want to, just make sure you UNDERSTAND

1 the market you are trading
2 when the crosses work
3 why they work
4 manage your risk interactively


Every one has different tactics to play the market.
just make sure you understand YOU CANNOT PREDICT IT.
no indicator can predict IT CAN HELP if you UNDERSTAND IT. and its limitations.

actively manage...
Dont waste your time with them RL, they are not even worth it. People usually think that they would look more intelligent or know what their doing if they talk LOUDER, in this case...type a great wall of text.

If anyone doesn't want to learn what fti teaches then move on because nobody is stopping you.
  • #25,093
  • May 18, 2011 5:13am May 18, 2011 5:13am
Quoting Zoran
Very nice indeed and very appropriate at this time. Who is the author?
Dear Zoran,

These lines were written by Mother Teresa on the wall of her ashram in kolkata, India.
The lines were written by someone else but she re-wrote those and gave a spiritual touch.

Regards,
K Singh.
  • #25,094
  • May 18, 2011 5:32am May 18, 2011 5:32am
Quoting King Singh
Dear Zoran,

These lines were written by Mother Teresa on the wall of her ashram in kolkata, India.
The lines were written by someone else but she re-wrote those and gave a spiritual touch.

Regards,
K Singh.
OK, thanks. I have found the original.

The Paradoxical Commandments


by Dr. Kent M. Keith

  1. People are illogical, unreasonable, and self-centered.
    Love them anyway.
  2. If you do good, people will accuse you of selfish ulterior motives.
    Do good anyway.
  3. If you are successful, you win false friends and true enemies.
    Succeed anyway.
  4. The good you do today will be forgotten tomorrow.
    Do good anyway.
  5. Honesty and frankness make you vulnerable.
    Be honest and frank anyway.
  6. The biggest men and women with the biggest ideas can be shot down by the smallest men and women with the smallest minds.
    Think big anyway.
  7. People favor underdogs but follow only top dogs.
    Fight for a few underdogs anyway.
  8. What you spend years building may be destroyed overnight.
    Build anyway.
  9. People really need help but may attack you if you do help them.
    Help people anyway.
  10. Give the world the best you have and you'll get kicked in the teeth.
    Give the world the best you have anyway.

  • #25,095
  • May 18, 2011 9:17am May 18, 2011 9:17am
thanks King Singh & Zoran for that.


Sir fti, please continue to rest & recover..
  • #25,096
  • May 18, 2011 10:54am May 18, 2011 10:54am
Quoting King Singh
People are often unreasonable, irrational, and self centred;
Forgive them anyway.
If you are kind, people may accuse you of selfish, ulterior motives;
Be kind anyway.
If you are successful, you will win some unfaithful friends and some genuine enemies;
Succeed anyway.
[font=Comic Sans MS][size=3][color=blue][b]If you are honest and...

Singh is King....


V
  • #25,097
  • Edited May 19, 2011 7:27am May 18, 2011 11:07am | Edited May 19, 2011 7:27am
Hi ALL,
This my Last Posting here.
Enough, Please stop. No more emails about posting.
I had also replied Twee.
Please understand , it is not his fault.
The Forum is run adhereing to conditions setup and they need adhere to the terms.

It is unfortunate that God is not welcomed, and therefore i will also take my leave.
Moreover my health and current conditions do not allow for me to trade professionally.
Therefore i Stop.

Thank You for all the love and affections showered me. I am honoured.
Any assistance required , you may try get me on my facebook. But i am not active, so reply may be long delayed.

My title "Technical Analysis Fallacy" had a reason.
It was meant to smoke out the Wannabes.
There is nothing wrong with Technical Analysis, only the ways some people uses it.
In Fact I am a Professional and Certified Technical Analyst.(/dealer forex interbank tier 1/MOF PL Holdings Co,CEO/ED/EXCO board). Now retired.
All that i wanted to teach is already on the thread and if you had gone on the Journey, it would be very easy for you now to distinguish the difference between a Technical ANALYST and a Technical Systems person.
I like to call them robotic morons.

Edit:For you who may not notice, Every one who came on thread to attack,they were allowed to do so. So that i could spar with them, that you may learn from their lessons. There's much lessons, even from those who were supportive but ultimately fell, because of their scorpions and their ego. This reason why no voices was blocked out.

May God protect the infomation given in truest form and may it benefit all that choses to learn and internalise that which had been presented.
One other thing, I will leave the thread open, so that those who wish may vent their disatisfaction and display in public their little minds and giant ego.

Good Fortune on your quest and God Bless.

regards and GOODBYE.

PS: Thanks you king Singh for your posting St.Teresa's poem.
I had read before and well understood. Thank You, you are most kind.

And Thank you seeit, i am honoured for you affections. And also my affections to ALL my friends i have here.
My Dad taught me many important things in Life.
The MOST important being " Whatever I endevour to take Up, I must remember that I must ultimately be able to let go."
拏地企,也鑰放地下
This is part of my trade MO. ( The Monk and little Monk story)
  • #25,098
  • May 18, 2011 11:11am May 18, 2011 11:11am
Quoting fti
Hi ALL,
This my Last Posting here.
Enough, Please stop. No more emails about posting.
I had also replied Twee.
Please understand , it is not his fault.
The Forum is run adhereing to conditions setup and they need adhere to the terms.

It is unfortunate that God is not welcomed, and therefore i will take my leave.
Moreover my health and current conditions do not allow for me to trade professionally.
Therefore i Stop.

Thank You for all the love and affections showered me. I am honoured.
Any assistance required , you may try get me on...
God bless you Fti
  • #25,099
  • May 18, 2011 11:24am May 18, 2011 11:24am
fti, Gob Bless You! It has been an honor getting to know you. I will look for you on Facebook. We will meet someday, my friend!
  • #25,100
  • May 18, 2011 11:26am May 18, 2011 11:26am
Quoting fti
Hi ALL,
This my Last Posting here.
Enough, Please stop. No more emails about posting.
I had also replied Twee.
Please understand , it is not his fault.
The Forum is run adhereing to conditions setup and they need adhere to the terms.

It is unfortunate that God is not welcomed, and therefore i will take my leave.
Moreover my health and current conditions do not allow for me to trade professionally.
Therefore i Stop.

Thank You for all the love and affections showered me. I am honoured.
Any assistance required , you may try get me on...
God bless and respect chief......

V
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