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Technical Analysis Fallacy

  • #26,121
  • Jun 22, 2011 8:49pm Jun 22, 2011 8:49pm
Quoting fti
ah, whack is good.
Eagles eye, my friend.

regards
Whack whack whack....
They are kicking the Euro and the pound.
Give me some dollars....
Empty as water and soft as a facing wind mountain
  • #26,122
  • Edited 9:07pm Jun 22, 2011 8:52pm | Edited 9:07pm
Quoting luSan
Whack whack whack....
They are kicking the Euro and the pound.
Give me some dollars....

careful myf friend.
got rid rusty already?
only with foreign cap please.
and no whack X3, no clustering.

regards

euro still inside range.
yen seems runner, but that girl is wild.
gaming cable and yen.
is usd game now, and heli seems very nimble.
watchout unemployment tonight.
Meanwhile dance.

Inserted Video
  • #26,123
  • Jun 22, 2011 8:59pm Jun 22, 2011 8:59pm
Quoting fti

careful myf friend.
got rid rusty already?
only with foreign cap please.
and no whack X3, no clustering.

regards

euro still inside range.
yen seems runner, but that girl is wild.
gaming cable and yen.
is usd game now, and heli seems very nimble.
Still rusty...riding on foreign cap for a while...
and very light...
kingdooms in sync and screaming..
heli...?
He spoke today and confused everyone.
well well that is his job.
Stay healthy.
Good night
Empty as water and soft as a facing wind mountain
  • #26,124
  • Jun 22, 2011 10:11pm Jun 22, 2011 10:11pm
morning fti sir,
i am glad to hear you are on the recovery course, although a slow one. i consider 51 only a few years after the youth, which in my mind is from 20 to 45. so i have high hope we will meet in person in the futrue. just give your body the time it needs to heal itself.
about medicine, i am really a layman for this. when i don't feel well, i can't even tell if it's a cold, a flu or an infected throat. so i can't give you any suggestions on this. but if you need any chinese medinines as some friends suggested here, i will try my best to get them for you. they are still within china.
as for my training, it's getting better. now i can attack often. but i need more pratice to make it part of me. the mindset and the skills.
on capital, i will be very careful about this. starting out small, if i can prove to myself my skills. i will add up the stake. it's my life in this business.
and i learnd a few new things from your late postings. thx for them!
as always i wish you my best and a speedy recovery!
regards.
  • #26,125
  • Jun 23, 2011 12:59am Jun 23, 2011 12:59am
Quoting gart
Graph is the starting sequence ...
I recognized it as the top rises to g / u
At this point I did not know how it will end, but ...
I may add that the whole transaction is not crossed 9% of capital employed.

RGS
gart
Okay, I notice you dance very well, Gart. I am still trying to dance correctly, a lot of practice needed, let alone the skew. Trying to get the dance step sync with the music and it's not easy for me.

So many seniors here, in this thread have a very very good dancing skill and always in tune with the music. I wonder how long of practice to reach that level.

Any insight and enlightenment from seniors will be much appreciated.

Happy Pipping to you All.
  • #26,126
  • Edited 1:37am Jun 23, 2011 1:27am | Edited 1:37am
Quoting Jok
Okay, I notice you dance very well, Gart. I am still trying to dance correctly, a lot of practice needed, let alone the skew. Trying to get the dance step sync with the music and it's not easy for me.

So many seniors here, in this thread have a very very good dancing skill and always in tune with the music. I wonder how long of practice to reach that level.

Any insight and enlightenment from seniors will be much appreciated.

Happy Pipping to you All.
Hi Jok,

have no idea about the others, but I can tell you something about my learning curve.

I started fulltime trading in 2002 with stocks in a very technical and mechanical way. In 2006 I switched to Forex trading. Once again I tried to do it in a very mechanical way. I tried to use EA's for making me money. As you can guess, without final success.

In January 2008 I discovered fti's thread. A lot of things to read and to embrace. For me personally it was not that much new in trading technique and MO. Scaling in and out was something I did already. But what was very new to me was the discovery of my innerself. I consider it as the most important part in the development as a trader.

The trading techniques can be learned in a few weeks and in additional 6 months or so, you have embraced it deeply. But what takes really a long time is to develop your trading mindset.

You have to think like a trader - you have to be trader, to be successful.

So finally, after making overall profits from the beginning of 2009, I would consider me as consistent profitable trader from the end of 2009. It took me nearly 2 years fulltime of learning, practicing, rereading, discovering my scorpions. And I have to say, that the learning phase has not ended yet. There are so much more insights in this thread, that I need to embrace.

And also something I have to confess:
I have thought at the end of 2008, that I'm a trader now, but market has tought me a lesson.
I have thought in the middle of 2009, that I'm a trader now, but market has tought me another lesson.
I have thought, that I was a very good trader in April 2011, but market has tought me a lesson again.
But the good thing is, that with every lesson I was able to handle the problem in a more professional way. No panic, no fears finally. Just acting according to fti's teachings. I think market will teach me a lot of sessions in the future for sure, but now with several thousand hours of practice, I can enjoy the lessons and take it to my advantage ....

At least for me it was a very long long way. But it was worth the efforts, cause I now can make my living out of trading and I have developed also as a person ....

Hope you are not shocked about the long time horizon.
But you can consider me as a slow and stubborn learner :-)

CU,
Niels
  • #26,127
  • Jun 23, 2011 3:58am Jun 23, 2011 3:58am
Quoting MaMood
Hi Jok,

have no idea about the others, but I can tell you something about my learning curve.


CU,
Niels
Hi Mamood,

Thank you very much indeed for the insight, I really appreciate it a lot. Your story almost similar to mine except, for the successful part which you have already achieved.

I myself, started from stock trading. The stock trading itself, started in 1996 and the 1997-crash have made me stay away from trading which I considered at that time that, trading is really difficult. The mindset that was formed in me after the knocked out was that 'it is impossible to make money out of trading'.

In 2004, I tried to trade the stock market again and I started to learn the TA in 2005 with all the fallacy exactly like the ones mentioned in the beginning of this thread. Since then I've been very busy with all the indicators, trading systems and all. Yes... classic.

I tried to trade the forex market in 2007, it's kind of on and off things. Mostly got burn, I have blown about 12 accounts since then... . I tried all the indys and trading systems, even used EA. I even have a couple of commercial EA (purchased EA), none of them worked. Oh... I even have the EA with the MO slightly similar to FTI's MO, but very rigid on the MM. It use fix scaling for the skew.

I found this amazing thread about two months ago and I begin to strip my chart. I have been struggling to shape myself up as per FTI's teaching, but it is really not easy to get it right. Every time I tried to dance with the music that is played on the dance floor, the music changed before I can get my step right. I almost got frustrated. Oh well.. so much to learn and I am a stubborn and slow learner too..

Thank you again for your insight, it is surely have enlighten my perspective.

Mamood, one question. Do you still trade stocks?

Rgds.
  • #26,128
  • Jun 23, 2011 4:11am Jun 23, 2011 4:11am
Quoting Jok
Hi Mamood,

[...]
Mamood, one question. Do you still trade stocks?

Rgds.
Hi again,

no - have never traded any stock since I moved to FX trading.
It is much to easy to manipulate the stock prices and also a lot of people can move the prices with their "lips" only.

In fx trading is a little more "reliable" and smooth.
There are only a few people, who are able drive the price.
In stock market everyone can do that, even me :-)

Don't give up on your journey.
Endurance will pay off finally

Cu,
Niels
  • #26,129
  • Jun 23, 2011 4:21am Jun 23, 2011 4:21am
Quoting MaMood
Hi again,

no - have never traded any stock since I moved to FX trading.
It is much to easy to manipulate the stock prices and also a lot of people can move the prices with their "lips" only.

In fx trading is a little more "reliable" and smooth.
There are only a few people, who are able drive the price.
In stock market everyone can do that, even me :-)

Don't give up on your journey.
Endurance will pay off finally

Cu,
Niels
Yes.. you describe exactly right about the stocks. This is one of the reason why I asked you if you still trade it (the stocks). Because of the reason you mentioned above, I been thinking of switching to full time forex instead. I don't know if it is a good idea.

Thanks Niels.
  • #26,130
  • Jun 23, 2011 4:28am Jun 23, 2011 4:28am
hmm trying to follow fti's hand held sessions but I do not have 5min data for that post 1122, I wish I had been there live to follow...
  • #26,131
  • Jun 23, 2011 4:33am Jun 23, 2011 4:33am
I have not read this thread for some time. Sorry to hear you are ill fti. May i ask what is troubling you?
  • #26,132
  • Jun 23, 2011 4:36am Jun 23, 2011 4:36am
Don't know who's Selling Euro's but Thank You.

edit winding down 4240 looking to reload
  • #26,133
  • Jun 23, 2011 4:48am Jun 23, 2011 4:48am
Easy money on that last run.
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  • #26,134
  • Jun 23, 2011 7:21am Jun 23, 2011 7:21am
This damn body.
Opportunity comes, and i lye in bed like vegetable.
  • #26,135
  • Jun 23, 2011 7:39am Jun 23, 2011 7:39am
Quoting MaMood
Hi Jok,

have no idea about the others, but I can tell you something about my learning curve.

I started fulltime trading in 2002 with stocks in a very technical and mechanical way. In 2006 I switched to Forex trading. Once again I tried to do it in a very mechanical way. I tried to use EA's for making me money. As you can guess, without final success.

In January 2008 I discovered fti's thread. A lot of things to read and to embrace. For me personally it was not that much new in trading technique and MO. Scaling in and out was something I did...
Hi Mamood,
Thank you very much for sharing your experience, it is very helpful.

I don't think you are a slow learner as you put it. I for one never expect to learn this way of trading in months, it is a project measured in years. We all go through the exuberance of the power of skew, of never losing, blah blah, until the tsunami hit. How to manage the tsunami is a key piece of the jigsaw. Besides having a strong mindset (thank you imjscn for saying your training with fti is basically for a "stable and relaxed" mindset), there is no other way but NOT over leverage - in other words have a strategy of max exposure for different conditions. For me "nimble" does not mean following each swing closely, it means not to be too exposed so we have room (troops) for manouvre when the unexpected happens.

I "discovered" this thread quite late and have now about 18 months of reading and re-reading and intensive daily practice and studying feedbacks. I am only just beginning to go between demo and real money and I expect the next stage will take as long - yes I am a nano slow learner

Regards,
Baifu
  • #26,136
  • Jun 23, 2011 8:37am Jun 23, 2011 8:37am
Quoting fti
This damn body.
Opportunity comes, and i lye in bed like vegetable.
Hi fti, Do not worry about missing today's move, because there will be more moves tomorrow. And, you are not a vegetable, but a wounded warrior. Rest and recover is first order of business.

I am sure you have noticed that all the happy news from the last few months has been replaced by gloomy news across the world. IEA works to release oil reserves just the latest indication that happy talk is now gone for a while. No place to hide this summer.
  • #26,137
  • Jun 23, 2011 8:41am Jun 23, 2011 8:41am
ok all short euros square out
wait strong retrace
usd figs bad
  • #26,138
  • Jun 23, 2011 8:44am Jun 23, 2011 8:44am
Quoting GEfx
Hi fti, Do not worry about missing today's move, because there will be more moves tomorrow. And, you are not a vegetable, but a wounded warrior. Rest and recover is first order of business.

I am sure you have noticed that all the happy news from the last few months has been replaced by gloomy news across the world. IEA works to release oil reserves just the latest indication that happy talk is now gone for a while. No place to hide this summer.
Thank you GE,
I have decided , function or die.
is my way.
i not want to be invalid.
Either i function properly, or is better go home.

Thanks my friend for concern

regards
  • #26,139
  • Jun 23, 2011 8:48am Jun 23, 2011 8:48am
i will be trading both ways, so not follow me .
as i move too unpredictable now, for any one follow.
stay with your mindsets and MO that works.

I will stop posting awhile.
I need the energy focus.

Good Fortune.
regards
  • #26,140
  • Jun 23, 2011 9:01am Jun 23, 2011 9:01am
Quoting fti
Thank you GE,
I have decided , function or die.
is my way.
i not want to be invalid.
Either i function properly, or is better go home.

Thanks my friend for concern

regards
OK, but please do not push it too hard. There will be plenty of "the next trade" out there this summer. I am short the GBP/$ at .5976 but really waiting with you for a euro pullback. Equities are getting hit hard as is oil. Interesting to watch this unfold. Be careful not to push yourself too much.
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