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Technical Analysis Fallacy

  • #26,401
  • Jul 13, 2011 7:42pm Jul 13, 2011 7:42pm
Quoting Xhale12
FTI, so you do not use ANY indicators at all? Do you just base your trades of support and resistance? Can I see a pic of what your chart looks like.
My friend, just now my wife asked me to go for a walk. I know you are sincere but your question prompted me to answer a question not directly to me. I appology before hand.
fti and others based, in my opinion, their trading not on indicators, s/r, trend line, and other similar correlated price calculations but on what occurring in the present moment. -in my case, I have not a single indicator in my trading charts.- The best thing is to look at the charts and to become familiar with them. After a while, they will become your friend and tell you their intentions and secrets. There is plenty in the beginning of this thread about it. There is no a short cut. Good luck.
Empty as water and soft as a facing wind mountain
  • #26,402
  • Jul 13, 2011 9:31pm Jul 13, 2011 9:31pm
Fti!!

Good to see you back sir!

I apologize in advance for asking a question, but I was wondering why my friend Sylar was no longer able to post? It may be none of my business.
I would have sent a PM if I were able.

Again, It's good to have you back.

Good Trading
Mike
  • #26,403
  • Jul 13, 2011 9:36pm Jul 13, 2011 9:36pm
Quoting fti
reschedule?
thats technical default.

Tell you a sg story.
The people in sg they save life savings in a scheme call the cpf.
is govt mandatory like 401k.
By Law they supposed to return the peeps their money when they hit 50 years old. Now they say that they not going to honour. They say they return the moneys from 65 years old in installments until 80.
Talk about technical default. and i am victim too.
What type of idiot brains can do this. Must be young and ambitious.
I wonder if is govt or is ali baba and the forty thieves.
Cause...
Today it seems to be a function of zero interest.
Sorry if I had touched a nerve, I didn't mean to do so.

Success normally comes only after some sacrifice, and sacrifice unfortunately always leaves an impression. This is what was taught of me.
Rgds, my blessings.
  • #26,404
  • Edited 10:28pm Jul 13, 2011 10:13pm | Edited 10:28pm
Quoting tubguy
Fti!!

Good to see you back sir!

I apologize in advance for asking a question, but I was wondering why my friend Sylar was no longer able to post? It may be none of my business.
I would have sent a PM if I were able.

Again, It's good to have you back.

Good Trading
Mike
Hi Mike,
Oh no special reasons.
I though he was a God fearing good man.
But lately, he had been travelling and making business propositions to many here , inclusive of myself. This to me is confilct of interest, as he had not demonstrated any skillful trading capabilities. However when sensitive info and pics was posted of some members here he had visited, without their permission, then he had over stepped safety boundaries. I cannot tell if is imaturity or just being careless. But security protocol must never be compromised as this is the internet and could affect peoples lives.

If is important to you , i will uncap him, but i must say very clearly that i will not support any peddling of business amongst strangers. The purpose of this thread is to help guide traders on best practises of trading, so that i not carry all this to the grave. but surely i not want carry responsibility for personality clashes or to be used as advertisement medium for any business concerns, however legit or otherwise.
If any persons can understand, and practise what had been presented for their own success, that would be reward enough.

I also like emphasise that i come from tier 1 interbank dealings, and if i wanted to or if heath permits, the doors at teir 1 are aways open for me. So please understand that i am not looking for any business or positions.

regards

Are you paying to carry a mobile tracking device on you?
The espionarge is seems massive.
http://www.independent.co.uk/news/me...s-2312697.html
  • #26,405
  • Jul 13, 2011 10:28pm Jul 13, 2011 10:28pm
Dear Fredde

Thanks for the clarification.

My recent travel gave me the great opportunity to meet my fellow TAF members which I'm very privileged & honour to be made a guest in their country. I would like to clarify that it was not my intention to put anyone sensitive info or security at risk. If they so request as Niels did I have removed them totally.

My purpose is to learn from them as well as u and if my proposal to you seems that I have crossed the line then I apologise.

@ Mike - Thanks bro for your kind assistance.


Rdgs
Philip
"Thinking Heart & Feeling Brain"
  • #26,406
  • Edited 10:59pm Jul 13, 2011 10:37pm | Edited 10:59pm
Quoting Sylar
Dear Fredde

Thanks for the clarification.

My recent travel gave me the great opportunity to meet my fellow TAF members which I'm very privileged & honour to be made a guest in their country. I would like to clarify that it was not my intention to put anyone sensitive info or security at risk. If they so request as Niels did I have removed them totally.

My purpose is to learn from them as well as u and if my proposal to you seems that I have crossed the line then I apologise.

@ Mike - Thanks bro for your kind assistance.


Rdgs
Philip...
Hi phillip,
No apologies necessary.
I was just being very careful after hearing much.
I hope you enjoyed your tours.

Please understand that I cannot tell if a good man is out do good or is snake oil salesmen trying peddle wares. When in doubt, i always exercise safety first.

It seems you are a good church member, and i pray that God will guide you. I do not believe that you compromised others security protocol intentionally. So we just let , that be water under the bridge. But please be mindful of others security, esp on the internet.

regards

Oh God gave 1 example.
Hot from oven.
http://www.bbc.co.uk/news/health-14144782

its professional ethicate, unwritten rules.

must realise that you post very little and mostly quietly reading. So i not know at what levels you operating.
Best hold to " no perpectual friend or foe" policy, just like in market battles.
Be professional, never get personal.
but be kind to friends.

also under stand that its impossible get the same pictures duplicated , once have intepolation exercised by personalities.
So just use the blue prints and find your own niche.
  • #26,407
  • Jul 13, 2011 10:53pm Jul 13, 2011 10:53pm
Quoting fti
Hi Mike,
Oh no special reasons.
I though he was a God fearing good man.
But lately, he had been travelling and making business propositions to many here , inclusive of myself. This to me is confilct of interest, as he had not demonstrated any skillful trading capabilities. However when sensitive info and pics was posted of some members here he had visited, without their permission, then he had over stepped safety boundaries. I cannot tell if is imaturity or just being careless. But security protocol must never be compromised as this is the internet...

Thank you for the detailed explanation sir.

As I see it, this thread is your domain to do with as you see fit. I certainly understand your concerns with online safety. I practice a few myself.

Good Trading and Good Health
Mike
  • #26,408
  • Jul 13, 2011 11:07pm Jul 13, 2011 11:07pm
Quoting tubguy
Thank you for the detailed explanation sir.

As I see it, this thread is your domain to do with as you see fit. I certainly understand your concerns with online safety. I practice a few myself.

Good Trading and Good Health
Mike
Mike, not so much what i deem fit. Just I keep trimming to hold presentation to truest possible. And if I feel too far deviated , I just try direct back to basics. In my lifetime i had seen how some of my trained had mutated. Mostly bad picture, but numerous had made to very very high in career.

Ths thread is not about me, is about the subject it was intended. My persona is becoming entangled only because there are lessons in it that i am trying convey. My family matters and my health situation is revealed also because many of my friends, they went same paths. Especially the heart problems. Is an occupational norm. And i hope others ae aware if they chose this paths. But for the ladies is ok, this heart thingy is a male problem.



regards
  • #26,409
  • Jul 13, 2011 11:12pm Jul 13, 2011 11:12pm
Quoting luSan
My friend, just now my wife asked me to go for a walk. I know you are sincere but your question prompted me to answer a question not directly to me. I appology before hand.
fti and others based, in my opinion, their trading not on indicators, s/r, trend line, and other similar correlated price calculations but on what occurring in the present moment. -in my case, I have not a single indicator in my trading charts.- The best thing is to look at the charts and to become familiar with them. After a while, they will become your friend and tell you...
Yes, but is it possible to see a pic of a trade were entry and exit are indicated, with or without indicators or TA, so myself and others have and idea of how a trade is executed? I think that will help me.

Il Brigante
  • #26,410
  • Edited 11:37pm Jul 13, 2011 11:20pm | Edited 11:37pm
Quoting il brigante
Yes, but is it possible to see a pic of a trade were entry and exit are indicated, with or without indicators or TA, so myself and others have and idea of how a trade is executed? I think that will help me.

Il Brigante
I had done all that thru-out the handheld sessions?
inclusive links videos even showed you my chart setups , all in realtime.
even the entertainment.

Please search for them yourself or ask peeps here who can help.
I am too weak to go thru that all over again.

regards
  • #26,411
  • Jul 13, 2011 11:44pm Jul 13, 2011 11:44pm
Quoting fti
I had done all that thru-out the handheld sessions?
inclusive links videos even showed you my chart setups , all in realtime.

Please search for them yourself or ask peeps here who can help.
I am too weak to go thru that all over again.

regards
Thank you for your response. Not to worry, I just discovered this thread in the last two days, I started to read the first 10 pages, I know I have a lot to read yet.

I found this thread because I searched for "technical analysis does not work".
and got hooked by the way you were putting things together.

I trade my live account and make decisions based on "feel the market", after
I read and digest my suggested reading.

Attached is my last trade on audusd with entry and exit point.

I am also long gbpjpy based on the probable intervention of the boj.

Good Health to You and Your Family
IL Bigante
  • #26,412
  • Jul 13, 2011 11:46pm Jul 13, 2011 11:46pm
pic
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 62 KB
  • #26,413
  • Edited 12:36am Jul 14, 2011 12:00am | Edited 12:36am
Quoting fti
Mike, not so much what i deem fit. Just I keep trimming to hold presentation to truest possible. And if I feel too far deviated , I just try direct back to basics. In my lifetime i had seen how some of my trained had mutated. Mostly bad picture, but numerous had made to very very high in career.

Ths thread is not about me, is about the subject it was intended. My persona is becoming entangled only because there are lessons in it that i am trying convey. My family matters and my health situation is revealed also because many of my friends,...
Nice to see u Chief.....

V

PS: thank u whosoever it was for UJ......was long from 78.60 till 79.60 with heavy input at 79 ....
  • #26,414
  • Jul 14, 2011 1:00am Jul 14, 2011 1:00am
Quoting fti
Hi phillip,
No apologies necessary.
I was just being very careful after hearing much.
I hope you enjoyed your tours.

Please understand that I cannot tell if a good man is out do good or is snake oil salesmen trying peddle wares. When in doubt, i always exercise safety first.

It seems you are a good church member, and i pray that God will guide you. I do not believe that you compromised others security protocol intentionally. So we just let , that be water under the bridge. But please be mindful of others security, esp on the internet.

regards...
Fti

Your warning have already been heed and I have restricted access to others in FB except close friends and associates.

It was as much a learning experience for me during the trip as it was for the seniors... Tried to explain some of the underlying Eastern philosophy and terms (to the best of my limited ability ) which you espoused here in TAF as most of "alien" in their Western culture.

I also have the wonderful privilege to see Niels in action "Live"

"No perpectual friend or foe" policy - I couldn't agreed more to that

Buddhist philosophy have taught us to see things as they really are and to look inwards for answer which is very much inline what you have been educating the members of TAF.

To me trading is just a reflection of who we are as a person. I have taken the tools that you provided and proceed to create my own masterpiece...

Once again I glad to be able to come back to TAF community

Fti if I may pick your brain before your medication overtake them... What is the worst-case scenerio if US gov refuse to raise the debt ceiling... Financial armageddeon??? If they do so what would it implies to the other lenders to US gov...


Cheers
Philip
"Thinking Heart & Feeling Brain"
  • #26,415
  • Edited 2:09am Jul 14, 2011 1:56am | Edited 2:09am
Quoting Sylar
Fti

Your warning have already been heed and I have restricted access to others in FB except close friends and associates.

It was as much a learning experience for me during the trip as it was for the seniors... Tried to explain some of the underlying Eastern philosophy and terms (to the best of my limited ability ) which you espoused here in TAF as most of "alien" in their Western culture.

I also have the wonderful privilege to see Niels in action "Live"

"No perpectual friend or foe" policy - I couldn't agreed more to...
Hi phillip,
sorry i took a nap.

well, someone would be pulling on the hand brakes of the us govt.
That would mean the us treasury will need go find the money from others means than borrowing. The on going us govt spending need continue.So getner will need get the money from the Heli. So Heli is gonna need much more printwork, and the usd going to devalue until it cannot devalue any more.

But that not matters.
we are no systems repairman, just traders.
read charts and stay with flow.
see you need understand your task.
it doesn't matter what they do,is what markets do.
the more you focus on what the market is doing , the easier for you see the signs.
you should understand whats happening on the ground, but that is not your decision making process.
Your decision process is easy, keep chansing the ladys where they want to go.
If you get too intelligent or bias, then its gonna be harder for you get the hints.
And pulling triggers becomes stiffed fingers.

it doesn't matter what fti or anyone else thinks or do.
it would be nice to have fti on same side, but it doesn't matter.

regards
  • #26,416
  • Jul 14, 2011 2:58am Jul 14, 2011 2:58am
Quoting fti
Apologies
-no mentor, or course, or literiture can give anyone the holy grail to the secrets of success in trading in the markets.
-"and no one, sells the goose that lays golden eggs, probably the eggs, but never the goose"
Nevertheless, I will humbly attempt.

Since the late 70s and into the millinium.
Many "engineers" have made public, their inventions of reading probabilities into Technical Indicators. Many Technical Analysis Gurus came to the forefront to sell their research findings. To name a few,
The Grand daddy being Charles Dow and...
Hi, FTI,
I am a newbie at writing to forums, but read your post with greta interest.
Your seeming wealth of knowledge about the originators of some of the TA tools which, many traders use is to be respected.
When I began trading I listened and saw may formations of different TA tools collectively making a system, each claiming to have the ultimate in entry technology. Much money is spent purchasing these.
To keep this short let me say that in my opinion and experience this market is not unlike any other market and is simply ruled by supply and demand - or in our jargon, OB or OS.
I have today a set of signals which provide me with the basic knowledge I need to make informed decisions.
I have enveloped these into a system that relies on alerts which do not eminate from any repainting signals. As I read in your resume, there are no fortune telling TA tools, I agree wholeheartedly, for this reason the necessity to understand price action remains prime.
Read the chart on which you have deployed your signals and understand what they convey, and one goes a long way to making profitale decisions.
The sequence which moves the market is - Trader action originating volume/volatility - volume originates price action - the trader seeks to determine the direction of the price action. I am not an advocate of getting into the very complicated scenarios - if one understands the afore going, and originate a decision from a non repainting signal to be confirmed with indicators/oscillator(s) of your choice. This would seem a sensible approach, and to a very large extent works for me.
  • #26,417
  • Jul 14, 2011 3:13am Jul 14, 2011 3:13am
I got one question to anybody who would like to answer :
Can you dance looking at the 1h TF or in your opinion you can only dance looking at the 5m TF?
I thank you in advance for your answer.

Cheers
Il Brigante
  • #26,418
  • Jul 14, 2011 3:22am Jul 14, 2011 3:22am
Quoting fti
Hi phillip,
sorry i took a nap.

well, someone would be pulling on the hand brakes of the us govt.
That would mean the us treasury will need go find the money from others means than borrowing. The on going us govt spending need continue.So getner will need get the money from the Heli. So Heli is gonna need much more printwork, and the usd going to devalue until it cannot devalue any more.

But that not matters.
we are no systems repairman, just traders.
read charts and stay with flow.
see you need understand your task.
it doesn't matter what they...
Fti

Market is ALWAYS my teacher and whenever I don't pay attention in the session he would bring out the ruler and smack me on the hand and if I don't heed again she will give me a good A$$ whopping

Curious abt how the scenerio will play and if HBO will make another movie out of it http://www.hbo.com/movies/too-big-to-fail/index.html

Cheers
Philip
"Thinking Heart & Feeling Brain"
  • #26,419
  • Jul 14, 2011 3:59am Jul 14, 2011 3:59am
welcome back fti....hope you are in the best of health and spirit.
  • #26,420
  • Jul 14, 2011 4:03am Jul 14, 2011 4:03am
Quoting il brigante
I got one question to anybody who would like to answer :
Can you dance looking at the 1h TF or in your opinion you can only dance looking at the 5m TF?
I thank you in advance for your answer.

Cheers
Il Brigante
Not a senior here, but to my understanding of Fti's teachings, this methodology requires to manage your positions all the time.

Sometimes (extreme) rescue operations on the 5min can take more than a day to find the proper timing. Trading the 1h could require days or weeks of active management which is impossible for one person alone.

You can use it for trade bias but not for active management, at least intraday.
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