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Technical Analysis Fallacy

  • #25,201
  • May 25, 2011 6:35am May 25, 2011 6:35am
Hi Friends,

I have spoken to several of TAF readers in the past few weeks, mostly beginners or "Semi seniors". I'm shocked to see how much pondering you do before making any move in the market. Most of you are using much to much brain and much to less feeling.

I'm working on something - a kind of experiment - to take that strong headwork (and realted fears) away from your trading. No, I'm not talking about being reckless. But about being relaxed, cause you know what you are doing and you know the risk at any moment in time. I just want to get you a good step closer to the ability to be "freed" to feel the market.

I'm not sure if it will work out for all of you. It is just an experiment that dresses what I think is going wrong when applying to fti's teachings. Let us give it a try ....

Need 2 or 3 more weeks to get the setup ready.
Will let you know, when I'm ready to start that experiment.
Let's call it "Easy going - Easy Trading"

All the best,
Niels
  • #25,202
  • May 25, 2011 7:11am May 25, 2011 7:11am
Niels,

Great idea, once you have it ready, please let me know. I've been working on the mental aspect of my trading, in fact just took a course from Van Tharp about psychology of trading the markets that I recommended to everybody.

I see the enemy (scorpion?) every time I look in the mirror and have to learn how to conquer it.

Any help is greatly appreciated

Best

Alex
If only I knew then what I know now...
  • #25,203
  • May 25, 2011 8:13am May 25, 2011 8:13am
Quoting Alexgee
Niels,

Great idea, once you have it ready, please let me know. I've been working on the mental aspect of my trading, in fact just took a course from Van Tharp about psychology of trading the markets that I recommended to everybody.

I see the enemy (scorpion?) every time I look in the mirror and have to learn how to conquer it.

Any help is greatly appreciated

Best

Alex

Hi Alex,

of course I'll do.
The funny thing is, that everything you need is inside the thread already.
(well - you have to digest it and apply it to your trading every day to improve) Fti's teachings are very clear. It have been the readers/students (including me), who have made it really complicated. Intentionally it was very straight and easy to follow ...

However - I'm very curious to see, how that little experiment will work out ...

All the best,
Niels
  • #25,204
  • May 25, 2011 8:33am May 25, 2011 8:33am
Just for info:


.
Attached Image
  • #25,205
  • May 25, 2011 9:25am May 25, 2011 9:25am
Quoting MaMood
Hi Friends,

I have spoken to several of TAF readers in the past few weeks, mostly beginners or "Semi seniors". I'm shocked to see how much pondering you do before making any move in the market. Most of you are using much to much brain and much to less feeling.

I'm working on something - a kind of experiment - to take that strong headwork (and realted fears) away from your trading. No, I'm not talking about being reckless. But about being relaxed, cause you know what you are doing and you know the risk at any moment in time. I just...
I appreciate and acknowledge the idea for not putting the s/l immediately after break even...............count me in.
  • #25,206
  • May 25, 2011 9:34am May 25, 2011 9:34am
Quoting MaMood
Hi Friends,


Need 2 or 3 more weeks to get the setup ready.
Will let you know, when I'm ready to start that experiment.
Let's call it "Easy going - Easy Trading"

All the best,
Niels
Hi Mamood,

looking forward to your idea
  • #25,207
  • May 25, 2011 10:16am May 25, 2011 10:16am
Maybe some power for more momentum to the north.
But PA will tell ....

But remember: Be aware of possible Cow Dung included :-)

.
Attached Image
  • #25,208
  • May 25, 2011 3:06pm May 25, 2011 3:06pm
Quoting MaMood
Hi Friends,


Need 2 or 3 more weeks to get the setup ready.
Will let you know, when I'm ready to start that experiment.
Let's call it "Easy going - Easy Trading"

All the best,
Niels
Can't wait Niels, thanks.
  • #25,209
  • May 25, 2011 3:11pm May 25, 2011 3:11pm
Hi friends,

juts got the info, that for example Oanda is applying to the FiFo rule from May the 30th on. Here is an interesting Posting that, gives you an idea, if it is an issue for you or not ...

Cu,
Niels

http://www.forexfactory.com/showthre...90#post4642590
  • #25,210
  • May 25, 2011 5:24pm May 25, 2011 5:24pm
Quoting MaMood
Hi friends,

juts got the info, that for example Oanda is applying to the FiFo rule from May the 30th on. Here is an interesting Posting that, gives you an idea, if it is an issue for you or not ...

Cu,
Niels

http://www.forexfactory.com/showthre...90#post4642590

Thanks for the info Niels. I guess they can't send out notifications to the clients.
  • #25,211
  • May 26, 2011 4:43am May 26, 2011 4:43am
Quoting tubguy
Thanks for the info Niels. I guess they can't send out notifications to the clients.
hello Sir Mike
i havent checked my email.
but i saw that FIFO notification on the fxtrade login page. ( fxtrade.oanda.com )
but in Oanda Canada's login page ( fxtrade.oanda.ca ), that notification is not shown.
  • #25,212
  • May 26, 2011 6:30am May 26, 2011 6:30am
Quoting the redlion
how can we apply this to the market?
the market is keenest at London/ US session, then winds down, asian session moves slow

hour minds are keenest at first and the fatigue sets in so reduce daylight exposure and take a rest then return? or get out and continue when your mind is rested?

it could have to do with price itself, short when after a big up move momentum falters and begins to lose resolve, or the opposite can be said for going long after a big down move when momentum falters and begins to turn
I think that an important point of distinction between the art of war and what we are describing here is the that the art of war is an idealisation of the situation to convey a point. The idealisation in this case is the fact that this analogy is linked to the arcadian cycle of people and a classical view of when we are most alert and when we start to falter. However, the point here is that you need to feel for that sensation of wavering concentration etc which we learn from this idealisation.

An important point which is missing in this discussion is not only when most of the trading occurs but what happens at other times of the day. You have to remember that traders are shift workers and just because its the low volume part of the day, doesn't mean that big moves can't happen (although it is true that they are far less likely), however the important point is that these people are always fresh and always trying to trade at their peaks. I think what we need to realise is to feel the market in such a way which would tell us when these people have been involved in open positions for protracted periods of time i.e. they've had open positions which have been behaving badly and you're essentially trying to pick up price action reflecting nervy traders who are making strange decision (i.e. you're trying to pick up the stress or the complacency growing as nothing happens for an unusually long time).

I don't think we can look at this whole thing as simply meaning... london new york is no go because everyones firing on all cylinders and at other times theyll always be making mistakes... I think it's more along the lines of what the markets are doing and what positions these people might have open and how this might be effecting them. Hope my point is clear.

EDIT: Having read later responses, looks like other people have got the point, just wanted to add my two cents. Hopefully my interpretation is correct also otherwise that's going to be embarassing haha.
  • #25,213
  • May 26, 2011 6:46am May 26, 2011 6:46am
Quoting MaMood
Hi Louis,

What a nice suprise!
Hope things have developed well with your job!
Very well indeed.

Quote
Hope you will find back to the markets soon.
They seem to be insane only, if your are too faraway from action, especially trading the H1 chart.
1H is easier for me because I do not have much screen time available. When I get home, I am way too tired to babysit my trades.

What I meant by crazy is that I found these markets highly unpredictable, but of course, that has been highly discussed here.

I like your comments about just feeling the market. I believe that only practive help developing that feel.

All the best,

Luis
Empty as water and soft as a facing wind mountain
  • #25,214
  • May 26, 2011 8:13am May 26, 2011 8:13am
Quoting Atomic_Sheep
I think that an important point of distinction between the art of war and what we are describing here is the that the art of war is an idealisation of the situation to convey a point. The idealisation in this case is the fact that this analogy is linked to the arcadian cycle of people and a classical view of when we are most alert and when we start to falter. However, the point here is that you need to feel for that sensation of wavering concentration etc which we learn from this idealisation.

An important point which is missing in this discussion...
Hi Atomic Sheep. Please, stop to answering. This is misleading and you should study the thread from the page one first. Thank you.
  • #25,215
  • May 26, 2011 8:27am May 26, 2011 8:27am
Fti has written :

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)
Last edited May 19, 2011 2:27pm
  • #25,216
  • May 26, 2011 9:44am May 26, 2011 9:44am
http://www.forexfactory.com/showthre...26#post1746926
  • #25,217
  • May 26, 2011 10:23am May 26, 2011 10:23am
Quoting Atomic_Sheep
I think that an important point of distinction between the art of war and what we are describing here is the that the art of war is an idealisation of the situation to convey a point. The idealisation in this case is the fact that this analogy is linked to the arcadian cycle of people and a classical view of when we are most alert and when we start to falter. However, the point here is that you need to feel for that sensation of wavering concentration etc which we learn from this idealisation.

An important point which is missing in this discussion...

Your spot on. I was thinking along the same lines with regard to actually having the experience of working a protracted battle, within a "war".
How are you supposed to win a "war" without the ability to fight battles independent? I think this is where most newly minted traders fall all the time. They're either looking short term(impulse and flow) or trying to swing(positioning and hope) the market, and simply getting caught somewhere in between(missing the terrain).

The only other thing that comes to mind would be letting the adventures take place in the markets, not in your trading thereinof.
Or as MM would say just relax,fti has given everyone here a glimpse at what tools are potential necessities in keeping things in perspective both with yourself and with your positions.
Rgds.
  • #25,218
  • Edited 10:44am May 26, 2011 10:43am | Edited 10:44am
Are there any traders who has followed Fti's teachings and who can truly say that they are succesfull traders now?

Would you also be so kind as to post the proof of your success using his methods.
I do not mean any disrespect to what he presented here and are just asking a simple question with proper proof for an answer.

This is a difficult read and not easy to follow thread due to Fti's style of presenting his way of trading.

Another question for those who followed this thread from the start till now: Could you sum up this method in a single paragraph?
  • #25,219
  • May 26, 2011 10:53am May 26, 2011 10:53am
Quoting RandomGamble
Are there any traders who has followed Fti's teachings and who can truly say that they are succesfull traders now?

Would you also be so kind as to post the proof of your success using his methods.
I do not mean any disrespect to what he presented here and are just asking a simple question with proper proof for an answer.

This is a difficult read and not easy to follow thread due to Fti's style of presenting his way of trading.

Another question for those who followed this thread from the start till now: Could you sum up this method in a single...
Hi,
hope your nick is not based on your way of trading.

Yeah - there are several successful members in here.
You can check for the wanted proof in the attachments. Look for some pdf files, that will show you some of my blotters.

The summary in one sentence only:

Get in balance with your inner self and follow the flow of the market!

Cu,
Niels
  • #25,220
  • May 26, 2011 10:57am May 26, 2011 10:57am
Quoting MaMood
Hi,
hope your nick is not based on your way of trading.

Yeah - there are several successful members in here.
You can check for the wanted proof in the attachments. Look for some pdf files, that will show you some of my blotters.

The summary in one sentence only:

Get in balance with your inner self and follow the flow of the market!

Cu,
Niels
Neat ...beautiful....


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