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Technical Analysis Fallacy

  • #25,721
  • Edited 12:34pm Jun 8, 2011 11:43am | Edited 12:34pm
Quoting imjscn
Leighsww,
Probably it's difficult to find all the herbs in the formular outside of China. Even in China, Tibetian herb shop is very few. I will try if I can find them all or not.
As you said, it's the "synergy" that works. fti can start with the PADMA28 pills for a speedy recovery. Later on, when getting better and herb all being found, can start drink the herb soup like drink coffee
goodnite!
Ai ya thank you very very much , imjscn.
tahnk you thank you.
Mom here already started chinese medicine exploration, since i am receptive.

Deep felt thanks.

for you my favorite thai song. is from Pleng Pah Fah Lorm Dao
a very very sad, but touching story about affections.

Bless your heart.

Inserted Video
  • #25,722
  • Jun 8, 2011 11:58am Jun 8, 2011 11:58am
Thanks!
Not done anything yet, receive song already
  • #25,723
  • Jun 8, 2011 1:17pm Jun 8, 2011 1:17pm
Quoting ukmanthailan
Hi fti. Very glad to hear you are feeling a bit better at the moment.
I don't know anything about spicy girls though.
I'm being a good boy now and spending my time at home with my new daughter.
...
wow, Congrats man!
she looks like a trader like her dad

get ready for numerous sleepless nights (if u are a hands-on dad)


Sir fti,
glad to see u around
  • #25,724
  • Jun 8, 2011 1:18pm Jun 8, 2011 1:18pm
Quoting the redlion
[...]

what mamood says is very interesting, i have seen him dance, he moves like a reggaeton dancer, fast pace beat.

the problem i had was the quickness he employs his troops with, i could not match him (but im keeping his methods in mind, maybe ill come back to them and beg him for another session) the risks he takes do seem very light in context, he rescues in the same 5 minute bar as he started attacking. gives no leeway to runaways bad positions.

[...]

Hi again,

that is true sometimes.

But basically as you have said somewhere above (or was it someone else....), Timeframes are an artificial way of compression for every single transactiuon done in the market. So it is not important if someone rescues inside "The same 5 Minute bar...", but only if the flow and momentum is changing. And I act always immediately, whenevery I spot a change. I call it active risk (exposure) management.

And the same is true for my attacks. So it is not unlikely, that I add several attack levels inside the same M5 bar, when I spot strong increasing momentum.

By the way: you are very welcome for another live session. Just ask, if you see some benefit in it.

All the best,
Niels
  • #25,725
  • Jun 8, 2011 1:26pm Jun 8, 2011 1:26pm
Quoting ukmanthailan
Hi fti. Very glad to hear you are feeling a bit better at the moment.

I don't know anything about spicy girls though.
I'm being a good boy now and spending my time at home with my new daughter.

She's 19 days old, very cute and very demanding - much like many other females!
(I attached a picture that I took in hospital when she was 2 1/2 days old, should anyone want to look)

EDIT: Nice Carabao video, cheers

Woow Mark,

send my kind regards to your family.
She is looking like an angle indeed...

All the best for you family!
I'm sure there will be nights, when you should try to use "Deep Breath Meditation". It will work wonder

All the Best,
Niels
  • #25,726
  • Jun 8, 2011 1:43pm Jun 8, 2011 1:43pm
it seems like I won the trading competition organised by my faculty and one financial firm. Thank you fti! I am top 3 for sure out off 200 ppl.
  • #25,727
  • Edited 2:08pm Jun 8, 2011 1:46pm | Edited 2:08pm
Quoting leighsww
Hi MaMood ...

[...]

Anyway, yes, please reread my post again. I was giving only briefing about leverage and MM and not going into too many other aspects.

[...]

Does this make more sense now? Or am I being as confusing as fti? lol
Hi Leigh,

yeah I see. Maybe I was not able to get your main message. I was relating to your conclusions. Especially statements like the following:

"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."

That is only true, when the trader is not reacting as soon as possible to the new situation. And when he is already far beyond a reasonable risk (-management).

Frankly - if only one tidal wave is able to kill the traders book, then he has lost his active state of mind. He is in "frozen state" or "hope mode" already and not an active risk manager (=nimble). OR he is strongly overexposed ...

Yeah - your are also very right. That is very basic stuff. The same as proper MM is. But newcomers need to have the same discussions, as we have had in the beginning ...

BTW: Love your way of writing....

CU,
Niels
  • #25,728
  • Jun 8, 2011 2:11pm Jun 8, 2011 2:11pm
Quoting MaMood
Hi Leigh,

.......

Frankly - if only one tidal wave is able to kill the traders book, then he has lost his active state of mind. He is in "frozen state" or "hope mode" already and not an active risk manager. OR he is strongly overexposed ...

Yeah - your are also very right. That is very basic stuff. The same as proper MM is. But newcomers need to have the same discussions, as we have had in the beginning ...

BTW: Love your way of writing....

CU,
Niels
Hello Niels,

leighsww is right because the most retail traders are in fact overexposed, That's why they are easy food for MM....

Without overexposed retail traders, there is no business here...

Or is not what we see in this thread since the beginning....?
The FTI method is so simple, not easy, but simple, that I sometimes wonder what people read here .....!?

Rgs,

Textor
  • #25,729
  • Jun 8, 2011 2:27pm Jun 8, 2011 2:27pm
First of I want to thankyou very much for Sir Fit, great man. My mindset wat totally wrong and wrong direction. I was convinced so much to take losses that taking losses become my habit and I dont feel anything wrong with that. Always expecting market will go against me and it did always and after taking my stop-loss went in my way and I said myself.. dont worry .. you are doing right.. one day you will be a trader ... And I became consistent looser.

Now at least my mindset has been changed. Thanks Fti, Niels, RedLion,Dongsky and many more. I will re-read the thread again very carefully and now I am sure I will become at least good trader who makes small profits. Last week I just practiced the scout and tried to bring at home safely and I did. Now my target is to keep my book in green.

"Rigidity Kills,Damage is part of the battle, recovery is essential, victory is the objective"--FTI
Saying of Fti, signature of RL ... I love these words.

I know chart analysis are not done here.. and every thing is already in thread and I tell you guys I would re-read this thread.. but just for quick help that I am right direction.

Please note that I am also watching daily and 1 hr chart to get trend bias or feeling and 5 min. window is main for dance.

Please comments and guidance.. I would appreciate.

Edit: Please note that three (bx3 ) troops I did quick scalp one by one and took 8,10,6 pips (quickly get in and out) but rescue 8 (bx8) was stuck and then I did rescue 20 (bx20) and at black line I closed all my troops and my book was green.
Attached Image (click to enlarge)
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  • #25,730
  • Jun 8, 2011 2:34pm Jun 8, 2011 2:34pm
Quoting 786 trading
First of I want to thankyou very much for Sir Fit, great man. My mindset wat totally wrong and wrong direction. I was convinced so much to take losses that taking losses become my habit and I dont feel anything wrong with that. Always expecting market will go against me and it did always and after taking my stop-loss went in my way and I said myself.. dont worry .. you are doing right.. one day you will be a trader ... And I became consistent looser.

Now at least my mindset has been changed. Thanks Fti, Niels, RedLion,Dongsky and many more. I...

All for 30-40 pips....


V
  • #25,731
  • Jun 8, 2011 2:41pm Jun 8, 2011 2:41pm
Quoting textor
Hello Niels,

leighsww is right because the most retail traders are in fact overexposed, That's why they are easy food for MM....

Without overexposed retail traders, there is no business here...

Or is not what we see in this thread since the beginning....?
The FTI method is so simple, not easy, but simple, that I sometimes wonder what people read here .....!?

Rgs,

Textor

Hi Textor,

yeah - I strongly agree with your statement.
Overexposure - forced by greed and too small accounts for example is the killer No 1!

But I have the strong believe, that you should start to cure the reasons and not the symptoms. Find the reason inside yourself and especially not in usage of too big leverages for example. You never got killed because the broker is offering you cheap money for leveraging your profits. it is just caused by insane risk taking and not by the money itself.

You have to train, train and once again train that MO. It will take a long time to make it to your second nature. So it might not be the right MO for everyone. You will never win a gold medall in any sort of sports, when you are not willing to invest a lot of time and pain. You have to get the basics right and then you should take what every the market and also the brokers are offering to you to boost your profits.

I also have the strong believe that we need to be honest to all beginners: It is just impossible to make your living based on a 5k USD account with a minilot sized scout using fti's method. You have to start very small to build your capital base at least to 25k or better 50k, to have the chance to use proper risk parameters and to make finally your living out off it.

"The FTI method is so simple, not easy, but simple ..."
Yeah, that is very right. But when you use what you already know from your everyday experiences of normal life, you have already a very sound foundation of the needed basics. But unfortunately, when we start trading we switch off all this valuable experiences. We have gathered very strong experiences in sound risk management for example when driving a car. We also feel very strong, when something is wrong, but we do not rely on that feelings while trading - how sad ...

Trading is simple, and it could be easy!
I have started my "battle" against overcomplication and also against "mystifying" everything a few weeks back. And hopefully I can show my idea to you guys soon. Working hard on that ...

CU,
Niels
  • #25,732
  • Jun 8, 2011 2:42pm Jun 8, 2011 2:42pm
Quoting 786 trading
First of I want to thankyou very much for Sir Fit, great man. My mindset wat totally wrong and wrong direction. I was convinced so much to take losses that taking losses become my habit and I dont feel anything wrong with that. Always expecting market will go against me and it did always and after taking my stop-loss went in my way and I said myself.. dont worry .. you are doing right.. one day you will be a trader ... And I became consistent looser.

Now at least my mindset has been changed. Thanks Fti, Niels, RedLion,Dongsky and many more. I...

Welcome!
If I understand your chart, the problem is you are still predictive.
(I say that because I think that you were expecting a bounce without reason.)
Try to stay in the now and without preconceived ideas. (easier said than done)

Rgs,

Textor
  • #25,733
  • Jun 8, 2011 2:48pm Jun 8, 2011 2:48pm
Quoting MaMood
Hi Textor,

I also have the strong believe that we need to be honest to all beginners: It is just impossible to make your living based on a 5k USD account with a minilot sized scout using fti's method. You have to start very small to build your capital base at least to 25k or better 50k, to have the chance to use proper risk parameters and to make finally your living out off it.

CU,
Niels
Tja... we are talking the same here, I said that months ago and many
here were angry or they do not want to accept it...

MfG

Textor

PS:
Quoting MaMood
We have gathered very strong experiences in sound risk management for example when driving a car.
Niels
JaJaJa ... in Germany probably... not everywhere.... JaJaJa
  • #25,734
  • Jun 8, 2011 2:55pm Jun 8, 2011 2:55pm
Quoting MaMood
yeah I see. Maybe I was not able to get your main message. ... That is only true, when you are not reacting as soon as possible to the new situation. And when you are already far beyond a sane risk management.
Yes, I totally agree with you, MaMood. And yet, this phenomenon still happens, no? lol (not being facetious, just being playful with ya, my dear )

Quoting MaMood
Frankly - if only one tidal wave is able to kill the traders book, then he has lost his active state of mind. He is in "frozen state" or "hope mode" already and not an active risk manager. OR he is strongly overexposed ...
Again, I totally agree. It is so easy for all to comprehend/process this in the mind, yet many times so difficult for some to discipline to action consistently. Thus, I am just wanting to add a few things here that might help, that's all. People can take it or leave it. If it makes sense for some, great.

Quoting MaMood
Yeah - your are also very right. That is very basic stuff. The same as proper MM is. But newcomers need to have the same discussions, as we have had in the beginning ...
Yes, you can certainly continue to repeat, that is fine with me and not of my concern, but my statement was to the fact that I, myself, will not be repeating those things, lol, thus why I didn't mention it in my previous post. I was just explain' is all, the reason I didn't bring up any "nimble" thingys

And yes, proper MM is basic, too, but what I will write will probably not be what you are expecting, it may be something many have not considered. You will have to wait and see what I mean after I post it. No sense trying to "predict" what I am going to say, haha

I have other things I am attending to besides posting here, so I am not composing it continuously, thus why it's taking me a little longer to get it done.

You are an asset to this thread, MaMood, sounds like you might be right up there with Lusan (if he's still dancing fast-footed) and Dongsky (if I remember correctly), with your fast dancing fti-style (although I haven't seen it, I am just assuming from descriptions). Sorry, I haven't had time to read everything fully to catch up, there was LOTS since I left, but I got much glimpses here-and-there , as I'm a fast reader.
  • #25,735
  • Jun 8, 2011 3:04pm Jun 8, 2011 3:04pm
Quoting textor
Hello Niels,

leighsww is right because the most retail traders are in fact overexposed, That's why they are easy food for MM....

Without overexposed retail traders, there is no business here...

Or is not what we see in this thread since the beginning....?
The FTI method is so simple, not easy, but simple, that I sometimes wonder what people read here .....!?

Rgs,

Textor
Yes, Textor, you are absolutely correct! FTI method is very simple, yet very difficult to implement consistently, and I tease him about confusion, but if people read between-the-lines, and especially follow the ride-along sessions, they will pick up the premise and dance with no problems.
  • #25,736
  • Jun 8, 2011 3:06pm Jun 8, 2011 3:06pm
Quoting mijamoto
it seems like I won the trading competition organised by my faculty and one financial firm. Thank you fti! I am top 3 for sure out off 200 ppl.
Congrats, my dear!! Good job and my best wishes to you!!
  • #25,737
  • Jun 8, 2011 3:10pm Jun 8, 2011 3:10pm
Quoting textor
[...]
PS:


JaJaJa ... in Germany probably... not everywhere.... JaJaJa
Yeah - so let's take the picture of riding a bike instead
  • #25,738
  • Jun 8, 2011 3:18pm Jun 8, 2011 3:18pm
Quoting leighsww
[...]

And yes, proper MM is basic, too, but what I will write will probably not be what you are expecting, it may be something many have not considered. You will have to wait and see what I mean after I post it. No sense trying to "predict" what I am going to say, haha

I have other things I am attending to besides posting here, so I am not composing it continuously, thus why it's taking me a little longer to get it done.
[...]
Hi again Leighs,

I'm very curious indeed.
And I'm also very sure, that some deep discussion with you in the future will bring a lot of things up more clear. So hopefully you will be able to stay for some time with us ....



CU,
Niels
  • #25,739
  • Jun 8, 2011 3:21pm Jun 8, 2011 3:21pm
Quoting 786 trading
First of I want to thankyou very much for Sir Fit, great man. My mindset wat totally wrong and wrong direction. I was convinced so much to take losses that taking losses become my habit and I dont feel anything wrong with that. Always expecting market will go against me and it did always and after taking my stop-loss went in my way and I said myself.. dont worry .. you are doing right.. one day you will be a trader ... And I became consistent looser.

Now at least my mindset has been changed. Thanks Fti, Niels, RedLion,Dongsky and many more. I...
The only comment I would make is that on the 5 min chart price was making lower highs and lower lows at the time. I would be more careful with the direction of the scout. I do not know if this helps. Anyway all the best with your trading. Ray
  • #25,740
  • Jun 8, 2011 4:18pm Jun 8, 2011 4:18pm
Hi ALL,

Sorry I dozed.
Dang Phone ringing at 5 am wants speks to me.
can't just send me email?

oops good news.
I have hope if i work on 10 year survival plans now.

Pill makes heart repair itself.
http://wap.itn.co.uk/20746_heart.html

ok back to sleep.
Oops, prayer time, calls to prayer sounds.
Thanks God.Amen

regards
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