Technical Analysis Fallacy

Yes
- That what you see under my profile(trade explorer) is only "training live capital"

if the mindset and the method is sound

the account value is of no relevance

if i cannot make a 1000 account grow or i blow it

100000 its all the same.

same M.O same results the $ is as importance as the toilet paper you wipe your butt with.

"the control of a large force is the same as the control of a small force" ---the art of war

I'm sorry, but I have not noticed ...
surely I am with Polish ...
I wish you all the success that you can take ...
You're a little cocky, but I am for it in years ...
If I am persona non grata in this forum is p rosh a yes or no ...

No, i am not cocky. And you are welcommed. You just asked me. So i told you how it is... Regards

slowly ...)
I started trading on the FX 7 years ago on the leverage of 1:500 and accounts 1000 euro ...
Now still reduces the levers ... 1:30 ...
my goal is 1:1 ... and 12-15% profit per month ...
It must be years ... many, many years ...
FTI teaches ...
We must not only remember about psychology ...
Some things come back cycles spirally on another level ...
100km / h is now a lot?

the redlion,

you're right!

Remember also that every man has his psychological barrier ...
in terms of capital, profits and losses ...

RGS

for information ...
He respects everyone on this thread.
This is how I met the best thread on FX!
FTI is a very good man and teacher.
Everyone is an individual in this world.
Everyone has their own way ...
I am very grateful for the suggestions, the words and everything on this thread
contributed to my better trading ...
I never meant to offend anyone with their charts and fasting ...

RGS to all
gart

i've been making some observations, and reading other posts, adapting ideas, not only fti methods but crusial point, jet trader, jesse livermore, fundamental analysis and macro economics, etc.

these are some food for thought, (i am starting to develop a style my own views on trading)

at the core

the MASTER fti, and his quick dance, with strategic money usage (rescue, attack skews) the well founded belief that the market is to complex to be predicted with may big players, moving money around, the overall economic figures and distribution of wealth through paper assets.

so one needs to FOLLOW the dance, not PREDICT, as this creates subjective opinions, and one needs to be flexible, adapt and do ongoing market analysis.

that being said, at least to me. this is what i have found more promising

identify direction (to all those that say that the market is random or just feel the pulse, i will respectfully reply " that is b/s", one needs to make calculations, and know what is PROBABLE) at leas to me following blindly can lead to falling of off cliffs or not seeing the BIG PICTURE.

so in the core is DIRECTION, general market consensus, sentiment, monetary policy (are buying orders more prevalent than selling orders)

keeping in mind that price cannot be predicted, but fighting uphill battles because we refused to look beyond our shoes is not wise.


2- RANGE: or as fti calls it "Volitility (volatility)" one needs to know the market capacity and keep in mind what is probable to take from the market, this brings perspective on where in the move are you located. and how much $ is probable to extract from the market as to have an objective view of POSSIBLE and PROBABLE moves, and not over stay them.

the Euro has moved in the past 12 months
8596 pips in the whole year
781 pips average per month
150 pips average per day

if im trading with one lot for example (being very sharp, and catching all its pips i would have made 8596 dollars this year
i would make 781 dollars a month (granted i caught every move)
so if i have to live off of trading, according to $ per pip movement i would need to work on a money management strategy that can deliver my income needs (correct?)

Momentum: i have found this incredibly reliable the binary buy and sell always goes through 3 phases (i challenge any one to disprove this) and in changing from more selling orders to buying orders there is a delay (loss of momentum) if one can catch this (impeccable timing is achieved)

again, do not predict (all observations and tools must MEASURE the market not PREDICT the market) the thing is to follow the flow, but be aware of the stream as to recognize its turns.

time frames are B/S (they dont exists, just another measurement tool, price is in fact continuous) but one can use reference points to feel how price is moving.

i like using the daily open (because price 95% of the time closes above it or below it)

anyway, i would like to have some point of views and rational discussions ( what do you think fti?) dont tell me TOO RIGID, unless in fact you could prove this is hindering me with the feel of market price movement ( MARKET pulse, the feel of the dance is subjective by the way, how do i know this because all the wonderful people who showed me their way, were feeling the dance beautifully because of THEIR experience, and they were all dancing different songs )

their dances were all different, non predictive but its not the same its a subjective rhythm

one thing i did find very interesting is

fti vs livermore scaling in methods

livermore said, never add to losers
fti says never lose if you can avoid it.

so who is correct? both

one is SAFETY perceived vs OPPORTUNITY LOSS
the other one is: OPPORTUNITY GAINED vs SAFETY COMPROMISED

fti likes to play like a pro, he will rescue trades and battle the market
i find his fibo scaling in GENIUS as well as the rescue skews

however, one can chose to NOT RESCUE a TRADE but HOLD (like livermore) if the danger of a snowballing loss is great. i mean every trade is different, if DIRECTION (the number one thing to gauge correctly) is not clear, bringing the basis back to break even by adding RISK. doesnt seem like some thing i would personally want to do. however, one can hold and wait for clearer signs.

now if one is missed timed but direction is clear, averaging the basis close to market, seems like a smart move.


just food for thought, fti said dont be a carbon copy of me, be better than me.

so with respect to my great teacher, friend and mentor, i am humbly trying (maybe after 20+ years) lol

Well said The RedLion i wish i learn this soon

Interesting that this discussion on LEVERAGE and MM is being brought up, because it's one of the main points that I was going to be addressing in the post I am composing. I'm not finished yet, but I wanted to mention a few things before this convo goes onto another tangent.

I want to say that "LEVERAGE" is very important to keep small using fti dancing approach. Even more important than the "dancing," the MM is what's vital to stay alive in Forex using fti's form of dancing.

It takes only getting caught in ONE tidal wave, and if you do not have enough troops or stamina to battle it out, or you do not pull-the-plug early enough, your account will get wiped out.

I think most "seniors," as well as those who have come and gone in this thread, have probably encountered that experience at least once, if not more. I know even fti has encountered this.

It is very easy to get over-confident when you have had "no-loss" trading experiences with using re-averaging. Re-averaging does save your butt many, many times when you are in the wrong direction initially. You can have 50+ "no loss" trades in a row, but it just takes that ONE tidal wave to wipe out all that you had so hard worked for (and possibly more ... one's nest egg, or for those who have used "borrowed money" --> ai yai yai!).

So, if you are using high leverage, you will probably encounter this experience someday, too, if you already haven't. In my opinion, anything more than 10:1 leverage is risky when using fti's dancing style, especially if you are an aggressive, stubborn type personality ... one who is a "fight to the end" type person (*EDIT -- I am this type of person in certain situations, lol, and I would NOT use high leverage ever again for this fti-style dancing -- I used to use 100:1 leverage in the past).

fti doesn't use high leverage, you shouldn't either.

Even though some here "assumes" I had a "train wreck," quite frankly, because I used what I would consider "safe and sound" MM, my damage was NOT more than $1,000 in that tidal wave I encountered (and as some may recall, I did finally pull-the-plug). The loss DID NOT compromise any life savings, unlike many others who have probably wiped out much, much more in a single tidal wave, no? (you know who you are, lol ).

Quite frankly, when I gave my paperwork to my CPA, I found that I actually had more deficit in my revenue due to my commissions fees, than what that tidal wave did to me, haha (more on that later).

I'm not saying that $1,000 is all that one should trade with, in fact, I have come to realize that it's more about how many troops does one need to be able to conduct a full-scale rescue if caught in a tidal wave position. Dollar amount value is irrelevant, it's more of a ratio factor (remember, FTI said that at the bank they had 500 mio to rescue 1 mio -- whether mio or k or less, this is what I'm getting at ... the question is, how many troops do you have, to be able to withstand a tidal wave?). But I will explain more what I mean later in another post.

fti doesn't like my using a spreadsheet, but that spreadsheet helped me keep track of exactly how much I should risk at any given trade, and what it would cost in troops to do rescues, based on my account value. Hey, I'm not a mathematical whiz that I can just whip those figures in my head at a moments notice! The spreadsheet was not being used to enter and dance my trades, which I feel was his main concern and I agree with him there ... for me, it's just a way to keep track of making sure I have safe MM.

And anyway, in my opinion, it's when you DON'T keep track of what you are doing ... how many troops you have available with your capital invested/account value, how much you can afford to risk for each trade, etc., etc. ... is when you are gambling and trading blindly your MM.

What keeping track of my expenditures also showed me was that for all the years I had been trading, I was spending THOUSANDS of $$ in commission fees. How many of you who have a Broker who charges commissions are adding up just how much commissions you are spending? Re-averaging systems cost you every time you execute a trade, whether adding to positions or taking out positions, so I would advise everyone to please KEEP TRACK of your expenditures. If you continue to do re-averaging (and you do it quite frequently), then it might be more feasible for you to use a Broker who doesn't charge commission fees.

Again, go check how much you paid in commission fees to how much you made in profit, to see what I am talking about.

Okay, I'm going to continue later in another post. This one is too long as it is already. I might not get back right away, but I will eventually.

Albeit slight these days,there's probably still a difference somewhere between a speculator and a trader(specialist).
Speculators, however creative, tend to speculate, on virtually everything.

Range slowing doesn't mean much apart from business slowing, "size" can still come in and what somethings' value is today will almost certainly change tomorrow.
No reason to get worked up over speculations, just make sure your "donkey" is covered and flow.
Rgds.

Redlion (and others) ...

I would ask you to please not ask fti a direct question in which he will then feel obliged to answer. He needs to rest and not exert himself as much as possible to get his health back first.

Others can answer you, if they can, and if fti comes here to read, he will answer if he so chooses, but to pose him a direct question, he will most likely not ignore it and thus obligate him to the discussion.

Even if you say he should not feel obligated, when someone poses a question to you, most people will feel a need to answer out of courtesy.

Do you see what I mean?

leighsww, i am a very honest and direct person, so dont feel insulted but, it quickly gets on my nerves when people, impose views or directly tell me what i should or should not do.

as far as fti, i really wish he recovers, and he should not feel obliged to answer if he cannot,i believe he knows that about me. that i wont take that to heart.


about the tidal wave, that is what im getting at, there is only so much troops one can commit, to battle and the battle needs to stay within that capacity.

for my small, training account i have right now, 22 lots is as over extended as i should ever be, and no death battle MUST exceed 10% of capital. discretion is the order of the day. there are enemies one must not fight, and the worst policy of all is to besiege wall cities.

lets remember that, i believe a phi : pi ratio takes care of my threshold of pain.

how many lots is the max you feel comfortable being in the market with?
now divide that by 3.14, that should be your MAX market exposure.

for every fibo multiply 3.14 that is your rescue skew.
so total troops x 3.14 should give you what rescue skew you generally should use.

remember not to be rigid, so it all depends on market form, direction, and range of the leg against you.

always ask yourself this question, IS adding a recue more damage than cutting the trade? if i sit on my hands, do i expect the trade to come back? (in other words am i trading the RIGHT direction?)

by the way i really do hope the homeopathic remedy works, i will pray for that, but fti must see his cardiologist, anti coagulants are not for artery blockage leghsww, they are anti platelet aggregators.

for pts with massive heart attacks some times necrosis of myocardiac tissue occurs, and specially if pt is experiencing a-fib, blood tends to clot , causing CVA's , he must not replace medical care with hopeful remedies.
if the cardiac damage is severe then a transplant if possible might be the only option, but that would be up to the team of health care professionals to determine, for fredde to decide. (as i said before with out his chart and seeing him i only speculate)

in other words what i am trying to say, is hope for the best but plan for the worst. NEVER LOSE HOPE and believe in god and alternative medicines but do not overlook what your team of physicians recommend

Redlion ...

I would suggest that you read carefully this thread again and not only the first 200 pages that people always say is the limit. There is much more learning after that.

Also, to your regarding fti's condition ... it seems that you did not read very well fti's posts, if you have not yet come to see his situation. Please read these again, also. Several times fti has made known his critical situation (to the point he has even relinked to a previous post he has stated such). His own doctors cannot do for him anymore with their methods, he refuses to get heart transplant, and his "doctor friend" has told him most honestly his verdict.

I ask you ... did you watch the documentary video "The Knowledge of Healing" (and if you did, in its ENTIRETY, not just a few minutes and then exit out)? In that video MANY doctors/scientists/cardiologists/etc. have vouched for this alternative. It seems to me that you have not watched the movie, but I am just inferring that from what you convey in your post, so please let me know your true answer, as I do not want to "assume" anything.

I will leave you to reading through this entire thread again, as well.

I hope that you understand that for some of us, this is beyond what fti has shared or has left to share, it is about him doing what is needed to save his own life. I have come to know him very well from our off-line chats years ago, maybe even better than he knows himself, and his health has always been the most important thing I had always been concerned about (Green_David knows this, as both of us have talked about it in the past through chats, he feels the same. Zoran, as well, but I have talked to David more).

I came back here for the sole purpose of making fti see that he has one more chance based on what was in that "The Knowledge of Healing" video.

To be honest, even though you are in the medical profession, there have been many, many cases where people have been misdiagnosed, given wrong prescriptions (I had this happen to me once), and even died because of mistakes/miscalculations their doctors made. The medical profession is not fail-proof, nor is their assessment and prescriptions always correct. There are many, many cases of such. Thus, I do not put all my faith only into the medical professionals' hands.

fti has already stated multiple times that his doctors cannot help him much more.

So, I have shared with fti and all others this video and it is now up to each to make their own decisions.

And my suggestion to you (and I "asked" I did not "demand") that you do not pose questions directly to fti was out of my concern for his welfare and not mine, nor anybody else's. So do what you will, I have no control over your actions.

fti's welfare is my main concern
as far as reading, the thread, dont worry about it, seems like you are trying to be condescending.

what are there points that i missed? do you feel that im a newbie and need to read again?
by the way there is a lot more learning outside of this thread too. so complimenting everything into a concise sound strategy is what i want to achieve, dont only want to learn to trade i want to be the best


fti is a great human being, and his health is obviously my main concern. seems you have faith in this remedy and from the bottom of my heart i hope fti does too. the brain is a powerful tool, and i pray that he recovers.

however fti MUST keep his follow ups, this homeopathic cure should be a compliment to his healthcare plan of care.

I was not meaning to be condescending and I apologize if it came off that way, but yes, I feel you have missed some major messages. Many have missed them, actually, even seniors.

This here quote of yours, is very concerning to me. Right there, that tells me a LOT about your mindset and personality. Being the "BEST" is NOT what it is all about. Many times that kind of thinking is where the EGO gets PRO traders into big trouble. It has gotten fti into trouble at times.

My recommendation to you is ... it is fine to feel that you will do GOOD (even possibly GREAT) in trading, and that you will try to be profitable in the markets, but what is most important rather than being the "BEST" (which how can you quantify that anyway?) is to always manage yourself/mindset, and your MM.

Some Pro traders sometimes get sloppy with remembering this, due to over-confidence and believing they are "invincible," and striving to be the "BEST," normally gets them into trouble.

The "dance" is not something anybody is going to ever get to be the "BEST" at, even fti is finding it hard at times in RETAIL Forex. Plus, I have always said this ... trading the bank's money and trading your own money/nest egg, is two very different things, especially when you DO NOT have the liberties to view customer orders, nor any of the other conveniences when working for a tier-one bank (I already mentioned this in a post somewhere in the backwoods of this thread, so you will come across it if you choose to reread this thread). I know that fti has come to this realization, too, because he has stated similar himself in several of his posts (it is very different being on the other end -- now a Customer, not the Market Maker).

There are a LOT of benefits to learning to dance fti's style but you first need to manage your mindset and MM. Use a reasonable leverage, and make sure you have enough troops in your account in case of major rescues, and the rest, well, read the thread again, lol.

Without those two being addressed first (mindset and MM), it will be very difficult to dance fti's style in Retail Forex.

And it's NOT the "rescues" that is what is aggressive, with fti's style it's the aggressive "attacks" that is most powerful. THAT is his dance style in which to learn to feel and aspire to (but ONLY after managing your mindset and MM, please).

leigh,
welcome back to this universe.
I believe that your comments about leverage and comission are wise.
-I do not use leverage anymore.-
Well... I have them in mind.
-I hate to take all the risks and to pay a comission to a broker that took NONE!-
I wish others consider them too.
But to no avail, people have to find their own ways
in this trading world.

Cheers,
Luis

Hi Luis ...

Well, I have nothing against brokers taking commission, but it rather depends on the "style" of trading one does, that is the factor as to how a trader should mind their expenses, in my opinion.

For traders who do a lot of re-averaging and dance fti-style, it can get quite expensive. So, for me, I see it being fine for anybody who doesn't need to scale in-and-out of trades (especially when they are using higher fibo sequences for aggressive rescue missions ... that can get quite expensive).

Brokers who take their cut on the spread is a better alternative for fti-style trading. Anyway, everybody who is currently using a commission type broker, can do the math and make their own assessments about that.

UJ is flirting with 80....which MOF used to protect so much and now no results....


Nimble...seems all is gone....


V