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Technical Analysis Fallacy

  • #27,541
  • Oct 8, 2011 9:07pm Oct 8, 2011 9:07pm
Quoting N_Trader
Thanks for the reply, fti. This is scary and refreshing at the same time. haha.

hmm.. so it's a bit like TAI CHI? 以无招胜有招? I will give it a shot, although i'm not very good at TAI CHI, especially at work.
ok.
try with focus.fullheartedly.

regards
  • #27,542
  • Oct 8, 2011 9:21pm Oct 8, 2011 9:21pm
@fti
Thank you for this thread and as always your wise words...
i have tried to follow this thread as close as i can and it never fails to amaze me that you stay true to what you say from day one.
Respect.
  • #27,543
  • Oct 8, 2011 9:29pm Oct 8, 2011 9:29pm
@Fti,

thanks fti, great to know you work once in the big-game.
No wonder....

thanks for the other info as well. Lol, i was off a little.



So how long have you traded exactly?
Have I got something on my face, SOLDIER?
  • #27,544
  • Oct 8, 2011 9:32pm Oct 8, 2011 9:32pm
Quoting bumapatria
@Fti,

thanks fti, great to know you work once in the big-game.
No wonder....

thanks for the other info as well. Lol, i was off a little.



So how long have you traded exactly?
26 yrs, he has held many positions, spot forex tier 1 strategic arbitrage, when his dealer got in trouble FTI would save the book.
he made markets but the question was for fti lol

i am glad you are reading this thread buma, much knowledge here, and fti generous enough to share. Thank you for your kind words buma, as i said before just helping out a friend.
AVT INVENIAM VIAM AVT FACIAM
  • #27,545
  • Oct 8, 2011 9:35pm Oct 8, 2011 9:35pm
one thing i will caution you buma though, is no one can trade like another trader.

I tried trading like fti, but alas i am not him, i found my way, deviates from what fti would deem the RIGHT WAY. I do not trade like him, nor like mamood, i trade like myself, and again my experience is not as vast but what matters is what works for you.

Profit is profit, and keeping the profit is what matters.


edit: I am not saying to fade fti's advice or any member here, fti has the experience and his knowledge is vast, LEARN FROM HIM, just dont try to be fti, be YOU
AVT INVENIAM VIAM AVT FACIAM
  • #27,546
  • Oct 8, 2011 9:59pm Oct 8, 2011 9:59pm
Quoting the redlion
one thing i will caution you buma though, is no one can trade like another trader.

I tried trading like fti, but alas i am not him, i found my way, deviates from what fti would deem the RIGHT WAY. I do not trade like him, nor like mamood, i trade like myself, and again my experience is not as vast but what matters is what works for you.

Profit is profit, and keeping the profit is what matters.


edit: I am not saying to fade fti's advice or any member here, fti has the experience and his knowledge is vast, LEARN FROM HIM, just dont try to be fti,...
Red, i will never trade like anyone else. I am on my edge right now. I found my style, my abilities, and im honestly comfortable with them on-the-whole. I take everyone's advice openly, but i always re-consider them while in the process of application. No worries Red, i've got kick-ass style, morphed into shape with my own hands.

The sculpture itself is not finished. I am in the continous hunt for knowledge, and i just downloaded 5 ebooks written by W.D. Gann. The variable of time, i am sure has an effect on trading.

But what made my hands able to sculpt by myself, is the guidance of other sculptors like you, fti, and other professional sculptors.

Have I got something on my face, SOLDIER?
  • #27,547
  • Oct 9, 2011 1:48am Oct 9, 2011 1:48am
good day to all traders specially to the senior and starter of this thread,
firstly i am a newbie myself in this kind of business if i may call it, i just started trading live last month and lo i just blown out my first account... but i learned that its part of learning, thanks to n_trader who posted this link in the other thread.
ive just started to read pages 1-2 but i felt something is missing i cant find fti's instructions to leigh regarding instructions or approach to proper trading or how to correctly analyse the market structure. i know i have a lot to learn and i believe im on a right track following the right individuals who knew what they are talking in this financial arena.
more power to all seniors and you fti.
frank
  • #27,548
  • Oct 9, 2011 6:35am Oct 9, 2011 6:35am
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...
Thanks for the intro post.

I didnt read any post in this thread,just your intro so far.
I do have one simple question for you before i might continue reading here, i'd be very appreciated if you give me a serious answer.

What is trading about in your opinion?

Regards
Jonas
Hero calls followed by margin calls...
  • #27,549
  • Oct 9, 2011 9:04am Oct 9, 2011 9:04am
Quoting alrightfrank
good day to all traders specially to the senior and starter of this thread,
firstly i am a newbie myself in this kind of business if i may call it, i just started trading live last month and lo i just blown out my first account... but i learned that its part of learning, thanks to n_trader who posted this link in the other thread.
ive just started to read pages 1-2 but i felt something is missing i cant find fti's instructions to leigh regarding instructions or approach to proper trading or how to correctly analyse the market structure....
Hi alrightfrank,
I am sorry to hear. Sadens me everytime i hear a trader gets clobbered.
But its the way of the markets. So I may need be very sad mostly, because more than 90% of the peeps gets clobbered.
All the losing is not necessary. But if thats whats required for ones's learning curve. So be it. Just not allow the bursting of accounts be fatal for you. What that not kills you, surely only makes you stronger.

Its a long journey, so take your time to learn what it takes , slowly. Thinking and internalising whats required as you troddle along that learning curve. And as you mature along with lesson that the markets will teach you.

regards
  • #27,550
  • Edited 10:03am Oct 9, 2011 9:32am | Edited 10:03am
Quoting PhAnTi'
Thanks for the intro post.

I didnt read any post in this thread,just your intro so far.
I do have one simple question for you before i might continue reading here, i'd be very appreciated if you give me a serious answer.

What is trading about in your opinion?

Regards
Jonas
Hi phAnti,

welcome.
well, take you leasure read slowly and understand.
no rush.

To your question,
Its different things to different people.

For me, is life.
When i was young it provided me means for a career.
In my adolescent it opened doors to the world. Travel, meeting people of all cultures and ways.
As my success flourished, just put me on top of the world, seventh heaven.
Made me top of the world. Unreachable.
Made me arrogant , proud and rich.
Allowed me resources do anything i like and always on top.

Then brought all sorts of friends, mostly only after what they can get from me.
And God taught me the most important lessons of mankind.
I leaned about self about humanity, about greeds, about deceit.
Man's ignornce due to its selfishness. About greed and ambition.
Reminded me about all the mentoring i grew up with. about honour , about kindness, about our horrible self, and never to allow that selfishness hurt others and self.

But mostly trading gave me financial independence. A means get resources that i need to do anything that i want with my life, without having to bow to anyone.

Now in my twinlight, is provide my livelihood and resources to give to the needy.My little i can do.

And this thread, a means leave behind skills to help those along who may be just be begining the possibilities of the beautiful life that I had the privilage walked.
Trading brought me very very close to God. About God, about Love.

I don't know What is trading to you ?

regards

Inserted Video
  • #27,551
  • Oct 9, 2011 10:28am Oct 9, 2011 10:28am
Quoting fti
Hi phAnti,

welcome.
well, take you leasure read slowly and understand.
no rush.

To your question,
Its different things to different people.

For me, is life.
When i was young it provided me means for a career.
In my adolescent it opened doors to the world. Travel, meeting people of all cultures and ways.
As my success flourished, just put me on top of the world, seventh heaven.
Made me top of the world. Unreachable.
Made me arrogant , proud and rich.
Allowed me resources do anything i like and always on top.

Then...
First of all thank you very much for your reply.

Well trading is my passion.
I love trading.

ill give you a brief summary about my person and how i came into this business.
When i made my A level last year i started to study Economics on the university and my buddy told me that he trades with currencies via a software.
I thought this could be a nice alternation to onlinepoker ;p ..... and knackknack i opened my first trading account.
In the meantime i spent hundreds of hours of learning,studying and trading, watching charts,analysing them and so on..... and yes. im doing pretty good.
i make ~ 1000 pips a month on average by trading the H4,daily and weekly timeframe ( dont have time to trade the smaller ones due to my regular job).

Allover i still trade peanuts,because i dont have any funds to trade with so far...im 20 years old and do have a low fix income ....

how do you trade? I would like to see some examples of your trading style....

guess theres a lot to learn from you.....likely via mail if you prefer to

for more info see my link in the signature and this is how i trade :

http://www.forexfactory.com/showthre...85#post5023285

kindest regards,

Jonas
Hero calls followed by margin calls...
  • #27,552
  • Oct 9, 2011 11:02am Oct 9, 2011 11:02am
Quoting PhAnTi'
First of all thank you very much for your reply.

Well trading is my passion.
I love trading.

ill give you a brief summary about my person and how i came into this business.
When i made my A level last year i started to study Economics on the university and my buddy told me that he trades with currencies via a software.
I thought this could be a nice alternation to onlinepoker ;p ..... and knackknack i opened my first trading account.
In the meantime i spent hundreds of hours of learning,studying and trading, watching charts,analysing them and...
I just read your post, i have a similar trading history! I use only price action/Chart Structure and 1 MA. I always wonder how to measure supply/demand? Im also a economics student! I trade ETFs, Commodities, Stocks, Currencies using Tadawul FX. Also I can trade fundamentals but i do not like cuz of the is a huge time horizon to close the position. (Purchase/Sell Bonds, I.Rates, etc). I began with forex like 3 years ago and i really did get it until this year. "Is not about the holy grail, high risky leverage, sentiments, too many indis, Scalping EAs showing huge profits,etc its all about price behavior, riding the trend, forgetting about the turning points /reversals, using SP and TP, forget about fear and greed, just trade in any time horizon you can be at your 100% , forget about all outlooks people give everyday, don't follow other people signals! Trade with your brain not with your heart! amen
  • #27,553
  • Oct 9, 2011 11:08am Oct 9, 2011 11:08am
Hi fti,

I just need to know 1 thing. Were you truly happy back then when you were at the top of the world?

I hope tt u can share with me. I am trying to be good at trading, so that hopefully, I can one day be financially independent like u... But I do not want to lose myself in the process of doing so...
  • #27,554
  • Oct 9, 2011 11:14am Oct 9, 2011 11:14am
Quoting alrightfrank
good day to all traders specially to the senior and starter of this thread,
firstly i am a newbie myself in this kind of business if i may call it, i just started trading live last month and lo i just blown out my first account... but i learned that its part of learning, thanks to n_trader who posted this link in the other thread.
ive just started to read pages 1-2 but i felt something is missing i cant find fti's instructions to leigh regarding instructions or approach to proper trading or how to correctly analyse the market structure....
U r welcome btw, I have blown my accounts twice b4. I am not sure about other traders here, but there are something's that u simply cannot learn without losing... Humility is one of them..
  • #27,555
  • Oct 9, 2011 11:25am Oct 9, 2011 11:25am
Quoting N_Trader
Hi fti,

I just need to know 1 thing. Were you truly happy back then when you were at the top of the world?

I hope tt u can share with me. I am trying to be good at trading, so that hopefully, I can one day be financially independent like u... But I do not want to lose myself in the process of doing so...
happiness?
Who in this world not feel happy when can get anything they need or want.
Happiness is just a state of mind.
There's nothing in this world you cannot buy with money.

But true happiness are things that are priceless.
and one sets the bar higher and higher , just to get that fix.
And one day it dawns on you that happiness is just you and your ego.
Its very hard to explain.
Emotions are like chemicals, the more you analyse it, the more it smells.


regards
  • #27,556
  • Oct 9, 2011 11:28am Oct 9, 2011 11:28am
Quoting fti
happiness?
Who in this world not feel happy when can get anything they need or want.
Happiness is just a state of mind.
There's nothing in this world you cannot buy with money.

But true happiness are things that are priceless.
and one sets the bar higher and higher , just to get that fix.
And one day it dawns on you that happiness is just you and your ego.
Its very hard to explain.

regards
To me happiness is exactly what fti says.
It is an attitude, a lifestyle, YOU CREATE YOUR HAPPINESS, SADNESS, PROFIT, LOSS. ITS YOUR DAMN FAULT! - Bumapatria

Love is priceless.
Family is priceless.
Experience is priceless.
knowledge is priceless.
freedom is priceless.

the list goes on and on.

you choose and decide if you are happy or not. and of course there are the TRUE states of happiness as fti has mentioned.
Have I got something on my face, SOLDIER?
  • #27,557
  • Oct 9, 2011 11:57am Oct 9, 2011 11:57am
Quoting bumapatria
To me happiness is exactly what fti says.
It is an attitude, a lifestyle, YOU CREATE YOUR HAPPINESS, SADNESS, PROFIT, LOSS. ITS YOUR DAMN FAULT! - Bumapatria

Love is priceless.
Family is priceless.
Experience is priceless.
knowledge is priceless.
freedom is priceless.

the list goes on and on.

you choose and decide if you are happy or not. and of course there are the TRUE states of happiness as fti has mentioned.
i really appreciate that , i want to add these things too:
friendship is priceless
enjoy of walking in the fall rain is priceless
to enjoy watching a Full moon , to enjoy the moments which we create them is priceless
i really think that love is the most important ingredient of our life , so seize your each single moments which create your life.
  • #27,558
  • Oct 9, 2011 11:58am Oct 9, 2011 11:58am
Quoting bumapatria
knowledge is priceless.
Knowledge is free -- How to use it is priceless.
  • #27,559
  • Oct 9, 2011 12:14pm Oct 9, 2011 12:14pm
Quoting bumapatria
To me happiness is exactly what fti says.
It is an attitude, a lifestyle, YOU CREATE YOUR HAPPINESS, SADNESS, PROFIT, LOSS. ITS YOUR DAMN FAULT! - Bumapatria

Love is priceless.
Family is priceless.
Experience is priceless.
knowledge is priceless.
freedom is priceless.

the list goes on and on.

you choose and decide if you are happy or not. and of course there are the TRUE states of happiness as fti has mentioned.
such balance.
Why am i not surprised?

yes yes, Hot is good, so is cold, but is most pleasant, when hot meets cold in a nice sunset.

regards
  • #27,560
  • Oct 9, 2011 12:17pm Oct 9, 2011 12:17pm
Quoting ha-pattern
Knowledge is free -- How to use it is priceless.
yeah sure is free.
go tell the copyrights pees, the patent peeps, the RIAA,......................... and all the peeps hording rights.

next time you switch on a light bulb , think philips. Tell them its supposed to be free of royalties. Pay only for the materials. Its already a 100 years old knowledge?

regards
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