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Technical Analysis Fallacy

  • #27,841
  • Oct 16, 2011 1:17pm Oct 16, 2011 1:17pm
Quoting maheswara
Some of us found out today that Chandre (DutchAngel), our very own member and one of the building block of the TAF community has been diagnosed with lymphoma cancer stage 3B, she is fighting all she can and has conveyed her deepest gratitude towards FTI for teaching her the way to fight both in trading and in life. As such she feels his teaching has impacted her greatly towards fighting this battle.

Let us as a community here show her our support.

Chandre, fight the beast and give us the victory shout.
I was not around early on enough DA, but my well wishes go out nonetheless.
Rgds
J
  • #27,842
  • Oct 16, 2011 6:39pm Oct 16, 2011 6:39pm
hello
i re read again 200 pages this thread and i found
a word if you trade dont againt impulse

question 1>> is dont againt impulse tf m5 or h1 or other time frame
< i know there is no time frame as fti said >> but impulse at m5 if we look at h1 = is not impulse ?

question 2>> is most of you trade before or after news releases ??

thx for the answer my friend

regard
sumakianlee
  • #27,843
  • Oct 16, 2011 11:17pm Oct 16, 2011 11:17pm
Quoting lananpips
fti,

I concur with piccolo.
you had given your all and for me that is enough, especially now that you are trying to get your strength back.
it is how we use what you've given us that's causing our problem.

myself as a sample.
since i just chanced upon this community this year, 3 yrs after you started it, i tried to play catch-up by reading from page 1 and the current postings at the same time (eagerness to belong with the community).
i made mistakes along the way.

i decided to slow down.
that's when i started to realize the beauty of your teachings...
this thread has grown large enough i had to take time to read and follow up back and forth. thanks to this post at least i have an idea how he approach this financial battlefield, ill apply this on the current method im using. thanks a lot. i wish you could send me more of its summary thru pm if its not too much of a request from a newbie like me. more power to you.
regards
frank
  • #27,844
  • Edited Oct 17, 2011 12:03am Oct 16, 2011 11:46pm | Edited Oct 17, 2011 12:03am
Quoting sumakianlee
hello
i re read again 200 pages this thread and i found
a word if you trade dont againt impulse

question 1>> is dont againt impulse tf m5 or h1 or other time frame
< i know there is no time frame as fti said >> but impulse at m5 if we look at h1 = is not impulse ?

question 2>> is most of you trade before or after news releases ??

thx for the answer my friend

regard
sumakianlee
Hi Suma,

If you look at charts REAL TIME momentum is felt in all time frames. Studying charts after the fact often misleads us to think chart patterns are easy to read, REAL TIME chart reading is a very different story.

As to Q2, my understanding of fti teaching is do not trade news (that would be trading hope, opinion and gambling), trade the direction price shows after the immediate knee jerk and duck sweeps are done. How many seconds/minutes/hour afterwards depends on individual case, something we have to learn through observation and practice.

regards,
Baifu

Edit: re-reading your Q you said "impulse" and I said "momentum" but the idea is the same. One can only trade real time, when the 9:00 M5 candle is forming the 9:00 H1 candle might show something different 55 minutes later, but that is the future. Actions based on the M5 candle NOW can be wrong in hindsight, the important thing is to have a strategy of response if we are wrong. Naturally all the H1 candles prior to 9:00 would be part of the decison prior to the action of trading the M5 impulse.
  • #27,845
  • Oct 17, 2011 1:26am Oct 17, 2011 1:26am
Quoting Zoran
Oh, it wasn't me who wrote that speech. This comes from Charlie Chaplin around 1940.
I ve seen this before , yet I still get goosebumps every time I see it again ,
for an actor with such a mighty voice it is weird to see him in voiceless acts
To Live is the rarest thing in the world , Most people exist , that is all
  • #27,846
  • Oct 17, 2011 5:13am Oct 17, 2011 5:13am
wow, just learned DutchAngel/Ma'am "C" is undergoing 'something' too.
i've shared a little 'help' to you via PM, please read it ASAP.
u have to drastically change your diet to conquer the problem.

i really wish, hope & expect you & fti will overcome current obstacles.
God bless you both.
  • #27,847
  • Oct 17, 2011 7:31am Oct 17, 2011 7:31am
Interesting article, very much in line with this thread.

http://www.haas.berkeley.edu/groups/.../WP/rpf273.pdf

Might help some figure out strategies for better dancing.
  • #27,848
  • Oct 17, 2011 10:50am Oct 17, 2011 10:50am
Quoting Baifu
Hi Suma,

If you look at charts REAL TIME momentum is felt in all time frames. Studying charts after the fact often misleads us to think chart patterns are easy to read, REAL TIME chart reading is a very different story.

As to Q2, my understanding of fti teaching is do not trade news (that would be trading hope, opinion and gambling), trade the direction price shows after the immediate knee jerk and duck sweeps are done. How many seconds/minutes/hour afterwards depends on individual case, something we have to learn through observation and practice....
thx for the answer white tiger < baifu >

but nb;; i dont ask about trade news but is better trade before or after news release <, ff calender /red fig >>
rgrs sumakianlee
  • #27,849
  • Oct 17, 2011 11:31am Oct 17, 2011 11:31am
Quoting sumakianlee
thx for the answer white tiger < baifu >

but nb;; i dont ask about trade news but is better trade before or after news release <, ff calender /red fig >>
rgrs sumakianlee
Hi,

U are welcome.

I also mean news release i.e. figs such as NFP etc., it's a no no to front run (put on trades before release, expecting certain outcome). I am just repeating fti think, if you want to know what other peeps do then I hope those who do will answer you.

rgs,
Baifu
  • #27,850
  • Oct 17, 2011 11:42am Oct 17, 2011 11:42am
Quoting fti
Now that the bulls and bears had clashed, it time for the vultures to come a picking on the cracases of the dead bull , bears and mostly the pigs all over the grounds.

Not much will ensue now only mild calm.
For the picks of spoils of war.

In reality the markets didn't moved anywhere, but there are surely many dead greedy gamblers and some richer greedy gamblers, for this is not the day that they should fall. Until another battle, his fate will be put to the test again.


regards
hi this is what i remembered what fti said after a GDP release i think...
i tried to be like a vulture but i personaly cannot do it.

kind greets
even with my eyes open i cannot see everything
  • #27,851
  • Oct 17, 2011 11:59pm Oct 17, 2011 11:59pm
Hi and good morning Friends,

hope you are all doing well
It always gets really quiet here, when fti has left - What a pitty.

Will try to be in here a little more often and give some insights from my recent trading. Perhaps some more seniors will step in and keep this thread and the idea of sharing knowledge alive.

CU later,

Niels
  • #27,852
  • Oct 18, 2011 12:15am Oct 18, 2011 12:15am
Remember one of the most important ingredients in trading is "YOU".
Attached Image
  • #27,853
  • Oct 18, 2011 12:21am Oct 18, 2011 12:21am
Quoting Zoran
Remember one of the most important ingredients in trading is "YOU".
Hi and good morning Zoran!

Very right!
And most of the trading starters and also semi professional traders do try to ignore that fact ....



CU
  • #27,854
  • Oct 18, 2011 12:31am Oct 18, 2011 12:31am
Quoting Zoran
Remember one of the most important ingredients in trading is "YOU".
SUPER! It was 100% on me
  • #27,855
  • Oct 18, 2011 12:34am Oct 18, 2011 12:34am
i keep telling people that the holy grail in trading is YOU, the trader him/herself.
Have I got something on my face, SOLDIER?
  • #27,856
  • Edited 1:45am Oct 18, 2011 1:33am | Edited 1:45am
Bumapatria, the more I trade, the more I realise how important that is. What's even crazier is that when you're a child (at least when I was), it was really easy to be YOU, as you age, it becomes a struggle and you need to learn to walk in mental sense all over again.

EDIT: When I used to read this you business before, I actually thought it was a cruel joke .
  • #27,857
  • Oct 18, 2011 3:36am Oct 18, 2011 3:36am
Quoting Atomic_Sheep
Bumapatria, the more I trade, the more I realise how important that is. What's even crazier is that when you're a child (at least when I was), it was really easy to be YOU, as you age, it becomes a struggle and you need to learn to walk in mental sense all over again.

EDIT: When I used to read this you business before, I actually thought it was a cruel joke .
call me buma.
yeah i had a lot of rollercoasters up and most of the time i cant keep it up longer, because one success is one step closer to failure, and vice versa, one failure is one step closer to success. I want to be at the equilibrium of these two oppossing yet supporting forces, which is possibly the key to balance in life, which i honestly find hard to do. I am still far from spiritual peace, financial freedom and safety, i am far from 'happy', i am still far. ivve got a lot to reach.

cruel joke? me too. i never read about it. i saw "stocks, forex". what on earth are they?

thats where my story begins



take care to you and all the people in this wonderful thread.
Have I got something on my face, SOLDIER?
  • #27,858
  • Oct 18, 2011 9:50am Oct 18, 2011 9:50am
Quoting MaMood
Hi and good morning Friends,

hope you are all doing well
It always gets really quiet here, when fti has left - What a pitty.

Will try to be in here a little more often and give some insights from my recent trading. Perhaps some more seniors will step in and keep this thread and the idea of sharing knowledge alive.

CU later,

Niels
good evening mamood,

i look forward to some insights in your trading... the foto of your trading-room made me pretty curious... i'll try to help when i can and trust seniors, like you, will correct me when i am wrong.

maybe it"s an idea to post our "battle stations" so we know what we are looking at for hours?!? maybe spark a little discussion on what charts we look at?? i'll post my little set up.

laptop eur-usd 5-15 min with 12sma monitor eur-jpy and eur-gbp 15min-1 hr. eur-usd 1hr.-daily. below this usd-yen gbp-usd and eur-usd 15min.-1hr

kind greets pax
Attached Image (click to enlarge)
Click to Enlarge Name: setupje.jpg Size: 167 KB
even with my eyes open i cannot see everything
  • #27,859
  • Oct 18, 2011 9:54am Oct 18, 2011 9:54am
Hi ALL,
I hope you are doing well.

Just some thoughts.
Maybe the enlighten will shead some light for me.

in 2003, KC liu came to me asked for some assistance , revive our scouts brotherhood.
At that time, the whole movement was going to the wolfs.
They lost Royal Air force support , lost government support, Lost comaradieship with other troops of similar activities.
In short become splinter of everything and anything peeps wanted them to be.
KC, Wan HY,myself and a very dedicated teach named raguna, we rolled uped our sleves, to bring life back to a dying movement.
now 2011, the group had survives and rekindled. But then I look back, KC's dead, I am sick and reguna had been re allocated elsewhere.
What becomes of the troop, again the same. All sorts peeps , who has no idea what its about, is guiding them down a slippery hill.
Why? There are so many of the old chaps, now Capts and ranks in the flight business. But reallly, no one gives a damn about the boys.

Then I think about the Euro.
I sort of feel some parallels.
The ECB. also known EURO CENTRAL BANK.
Big name, but whats they done?
Whats their jurisdiction? Powers, Policies?
Whos are these, EFSF, IMF, ABC, XYZ,WWW,FUK......
Arn't all these private funds?....manipulators?
Why are they allow degrade ECB jurisdictions ?
Is the ECB still a valid CB?
IS THE EURO STILL A VALID STATE?

if the euro is tradeable anymore.
Whose currency is it? the french, the greeks, the italian..piigs, hogs, dunces...china.... whose?
and who has jurisdiction in managing it?
Its all seems to me , just a bridge too far.
now prostituted and swaying by all whims and fancies.
Policys and well being dictated by politics behind closed doors?
While the world holds its breath , wondering, who the jim beans is in charge and commanding?

Just look at the BOJ.
Their MOF determines their needs and the BOJ executes the necessary.
Where is the complimentary structure in the Euro?
Or just look at any CB in the world myrid countries.

This absolutely crazy, fiat and unmanaged. And her marketability absolutely manipulated by vested interest.
Is it just me , that feeling this?
I feel maybe if the Euro countries, not going get their act together.
Then they deserve have shit on their face soon.


regards
  • #27,860
  • Oct 18, 2011 10:04am Oct 18, 2011 10:04am
Quoting j-pax
good evening mamood,

i look forward to some insights in your trading... the foto of your trading-room made me pretty curious... i'll try to help when i can and trust seniors, like you, will correct me when i am wrong.

maybe it"s an idea to post our "battle stations" so we know what we are looking at for hours?!? maybe spark a little discussion on what charts we look at?? i'll post my little set up.

laptop eur-usd 5-15 min with 12sma monitor eur-jpy and eur-gbp 15min-1 hr. eur-usd 1hr.-daily. below this usd-yen gbp-usd and eur-usd...
and smokes rollable cigarettes while trading.

regards
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