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Technical Analysis Fallacy

  • #28,381
  • Oct 29, 2011 8:06pm Oct 29, 2011 8:06pm
Quoting Baifu
There are some posts about rescue today, below link on being caught in a sudden impulse against our open positions might help

http://www.forexfactory.com/showthre...55#post2050855
Wow,nice find

rgds.
  • #28,382
  • Oct 29, 2011 8:12pm Oct 29, 2011 8:12pm
Quoting indianguyinny24
Relax...

If you like something embrace of not deflect it why fight it??

V


I am very calm mate.

I am not sure if I understand your question.

I guess you are referring to Fti teaching? If you do, I do not fight his teaching,
I have embraced it and blended with my own personality. I do not trade the way he does, I trade the way that fits me. And really for that little that I understand that what Fti teaching is all about.

"You will not make money long term until you know enough about your personality to find a trading style that is compatible. You need to follow your rules(guides Fti has corrected me) comfortably, allowing you to enter and exit trades with minimal or not uncertainty or anxiety. Once you have mastered a method of trading, if you feel stress while trading, then either you haven't yet found your style or yourself."

I hope it helps

mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,383
  • Edited 9:29pm Oct 29, 2011 8:40pm | Edited 9:29pm
Quoting mla


I am very calm mate.

I am not sure if I understand your question.

I guess you are referring to Fti teaching? If you do, I do not fight his teaching,
I have embraced it and blended with my own personality. I do not trade the way he does, I trade the way that fits me. And really for that little that I understand that what Fti teaching is all about.

"You will not make money long term until you know enough about your personality to find a trading style that is compatible. You need to follow your rules(guides Fti has corrected me)...
And this is the kind of conversation we have during our morning time.

I think is about all about expansion and contraction, he think that they are only farts. (But that is not the point, there is more behind that, respect and grace for the other person).


"Originally Posted by mla
Hi Fti

I think we had a nice chat this weekend.

Insightful and funny, specially the fart analogy.

mla
ya.
but is no joke.
When i get nervous, much gas.
I used to have 1 very senior dealer , had stomach ulcers.
He has bottle white stuuf on his deal desk
he reaches for it.
Is time i let out gas. sort of a que for me to prepare ops save his behind.

regards"



It is Sunday lunch here in Sydney, I am off now.

I wish you all a nice weekend.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,384
  • Edited 10:21pm Oct 29, 2011 9:34pm | Edited 10:21pm

I see.
Lots energies.

OK, try see if you can understand the clues here.
The strategies, the manouvers, the skills necessary to do.

Inserted Video


regards

PS by the way, let me give you guys some footnotes.
Computer traders ie robots are stupid.
There is no such thing as artificial inteligence, only stupidity in speed of repititions.
Absolutely no inteligence. But fools now things they are smart.
As smart as my calculator only.
Trading is not chess game, is not turn based i move and you counter measures.
Is a constant manouvers agaist constant changing terrain.
Dead strategic behaviours is a weakness.
  • #28,385
  • Oct 29, 2011 10:31pm Oct 29, 2011 10:31pm
Quoting fti

I see.
Lots energies.

OK, try see if you can understand the clues here.
The strategies, the manouvers, the skills necessary to do.

http://www.youtube.com/watch?v=N7WnBYRBEOU

regards

PS by the way, let me give you guys some footnotes.
Computer traders ie robots are stupid.
There is no such thing as artificial inteligence, only stupidity in speed of repititions.
Absolutely no inteligence. But fools now things they are smart.
As smart as my calculator only.
Trading is not chess game, is not turn based i move and...
there of course is best practises by virtue of training based on historical norms.but that is only the minimum behaviourial response only.
And listen to the experienced.
They probably had developed experienced response by virtue of experience.
One important thing, if you point your own barrel at your face. I not believe found way escape it yet.
and If someone trys guide your thoughts, don't call them bag of shit, please.
Remember , here, they get nothing in return for helping you. really nothing for them. maybe just good feeling helped someone thru a thought block only.


regards
  • #28,386
  • Oct 29, 2011 10:49pm Oct 29, 2011 10:49pm
Fti

This is the last thing I got to say regarding what happened, and not more because the person is not worth it.

"The rage fills the heart when the mind is tired of resistance"

mla
Attached Image (click to enlarge)
Click to Enlarge Name: 800px-9463_-_Milano_-_S._Angelo_-_S._Michele_e_il_diavolo_-_Foto_Giovanni_Dall'Orto_22-Apr-2007.jpg Size: 98 KB
"The Heart is the hub of all dances; go there and chill out"
  • #28,387
  • Edited 11:30pm Oct 29, 2011 10:57pm | Edited 11:30pm
Quoting mla
Fti

This is the last thing I got to say regarding what happened, and not more because the person is not worth it.

"The rage fills the heart when the mind is tired of resistance"

mla
no explaination necessary, my friend.
understand this. Rage and emotional distress is one of the scorpions.
Ability of calm and level headedness is advantages in raging battle situation, esp in craziness of market nonsenseical gyrations.
This distinguishes survivors from the norm. I do understand that being human, we tend have bouts of uncontrollable rage, esp when something is chewing at our balls.
Is advantages rise above it. Come out smiling , recognising it.
I hope you recognise that i trying to point out.

regards

Sometimes things happening just baffles us. Because we not able understand it or get insync with it.
But its such times that empathy may help one see thru the fog.
Remember that there is no right way or wrong way. +pips is right,- pips is wrong.
possitive begets positive, negative begets negative.
The strength is in ability make negative becomes your strength.
Then how can you go wrong.

This is an important thingy i need try point out.
If you get caught aginst the flow, only way come out ahead is to respond to flow.
If you fight flow, surely gets very very tired and gets no where.
try recognise what 100 pips is to $10 exposure.
what is 100 pips to 1 mio exposure in terms of pips?
Sometimes situation can build to become very unnervy. Its such times that one need total control. esp emotionally.
In times like that, a 5 pip gain on 1 mio can relate better than a 100pips gain on $10.
Please understand that i made big extremes as example to highlight possible situations.

Being humans, even sometimes i lose mine.
But i try think and regroup to recover quickest. Outherwise may just lose the window of opportunity.

some chinese lessons.
Inserted Video
  • #28,388
  • Oct 29, 2011 11:44pm Oct 29, 2011 11:44pm
Quoting fti
possitive begets positive, negative begets negative.
The strength is in ability make negative becomes your strength.
Then how can you go wrong.

This is an important thingy i need try point out.
If you get caught aginst the flow, only way come out ahead is to respond to flow.
If you fight flow, surely gets very very tired and gets no where.
try recognise what 100 pips is to $10 exposure.
what is 100 pips to 1 mio exposure in terms of pips?
Sometimes situation can build to become very unnervy. Its such times that one need total...
Hi fti,
I am still a child in the world of fx. Your teachings have helped me to grow both in trading and in character. And I sincerely thank you for doing this, knowing well that I can never give anything in return.

Now, if I may ask a question to clarify my understanding. For the para highlighted in bold, am I right to say that one should learn to handle exposure that one is able to handle emotionally during the worst of times, so that one can react wisely to the market to redeem himself?

I am not sure if there's more to your words. Hope you can provide me with some guidance.

Regards
Jonathan
  • #28,389
  • Oct 29, 2011 11:45pm Oct 29, 2011 11:45pm
Quoting fti
no explaination necessary, my friend.
understand this. Rage and emotional distress is one of the scorpions.
Ability of calm and level headedness is advantages in raging battle situation, esp in craziness of market nonsenseical gyrations.
This distinguishes survivors from the norm. I do understand that being human, we tend have bouts of uncontrollable rage, esp when something is chewing at our balls.
Is advantages rise above it. Come out smiling , recognising it.
I hope you recognise that i trying to point out.

regards

Sometimes things...
Fti

Juicy words mate as usual. Never tired to hear them. Bread for my soul.

Nature and historical background also is relevant.

The southern Italian people have been under the dominations for centuries of many powers French, Spanish, Greek, Turkish, Germans, Moroccans and you name it, the english (the bastards) always had political domination over them because they needed to fill their interests.

They always accepted it against their own will, also because they did not have the means to fight it (been farmers).

But they were a few historical events when their mind got tired of the others tyranny and the rage filled their heart and they became the dominant one.

There was not chance for the other side.

That rage was not blinding them, that rage was sharp, constructive and destructive out of necessity.

Your mate
mla
Attached Image
"The Heart is the hub of all dances; go there and chill out"
  • #28,390
  • Oct 29, 2011 11:52pm Oct 29, 2011 11:52pm
Quoting N_Trader
Hi fti,
I am still a child in the world of fx. Your teachings have helped me to grow both in trading and in character. And I sincerely thank you for doing this, knowing well that I can never give anything in return.

Now, if I may ask a question to clarify my understanding. For the para highlighted in bold, am I right to say that one should learn to handle exposure that one is able to handle emotionally during the worst of times, so that one can react wisely to the market to redeem himself?

I am not sure if there's more to your words. Hope...
Inserted Video


Bias is dangerous thingy.
External factors have only external impact.
Its interb\nal factors that decides our response, rightfully or wrongfully.

regards
  • #28,391
  • Edited 12:17am Oct 30, 2011 12:05am | Edited 12:17am
Quoting mla
Fti

Juicy words mate as usual. Never tired to hear them. Bread for my soul.

Nature and historical background also is relevant.

The southern Italian people have been under the dominations for centuries of many powers French, Spanish, Greek, Turkish, Germans, Moroccans and you name it, the english (the bastards) always had political domination over them because they needed to fill their interests.

They always accepted it against their own will, also because they did not have the means to fight it (been farmers).

But they were a few...
must beware, sometimes sharp also hurt self more than can change anything in life. Shape must be well directed , to be effective.
When perspective is no accurate, direction may become disorientation. Stray bullets only hits what not suppose hit.
Inserted Video




regards
  • #28,392
  • Oct 30, 2011 12:52am Oct 30, 2011 12:52am
Quoting fti
must beware, sometimes sharp also hurt self more than can change anything in life. Shape must be well directed , to be effective.
When perspective is no accurate, direction may become disorientation. Stray bullets only hits what not suppose hit.
http://www.youtube.com/watch?v=DiWomXklfv8



regards
Fti

I hear you mate, I hear you and I agree with.

That story about the rage was only a little chance to tell you a bit more about me.

Now a bit of music, I think you like this one.

mla

Inserted Video
"The Heart is the hub of all dances; go there and chill out"
  • #28,393
  • Edited 2:00am Oct 30, 2011 12:55am | Edited 2:00am
Quoting mla
Fti

I hear you mate, I hear you and I agree with.

That story about the rage was only a little chance to tell you a bit more about me.

Now a bit of music, I think you like this one.

mla

http://www.youtube.com/watch?v=tRGuF...eature=related

Thanks.
I know Lucio and luciano's redition of caruso, very well indeed.
Thanks.

regards

i like my mind live like this.
Inserted Video
  • #28,394
  • Oct 30, 2011 1:09am Oct 30, 2011 1:09am
Quoting fti
http://www.youtube.com/watch?v=T6l7UKBWqY0

Bias is dangerous thingy.
External factors have only external impact.
Its interbnal factors that decides our response, rightfully or wrongfully.

regards
Hmm... Very chim for me, chief.

Let me try again. So the external things that we try to do (limiting exposure etc) will only have it's limited external impact. I.e. We can control our risk and lose little. And yet losing little consistently, resulting in inevitable failure. So it's. Best not to have such bias in mind - that if I take these measures, I will succeed in my trading.

What is more important is the mindset, which is how one manages his emotions and take control of his action. Especially when the market condition does not work to his favor.

Did I get it? Or still blur?

Regards
Jonathan
  • #28,395
  • Oct 30, 2011 1:20am Oct 30, 2011 1:20am
Quoting MaMood
From my understanding of the problems most people and beginners are facing, they are based exactly on that 2 elements:

1. Usually we try to rescue or reaverage our positions in are very mechanical and artifical way. We would be most confortable with the pure Martingale approach and a fixed rule like "double your position every 20 pips".
I think we realy never give it a try without big thinking. We do not try it to see as a kind of "natural" approach, that we know alredy very well from our everyday experiences. For example scaling in and...
Hi Niels,

The pleasure and privilege is mine. Thanks for your kindness in showing me how you do it. I am still working on the basics and will learn to train my mindset well.

When I am qualified, I will vouch for you

Regards
Jonathan
  • #28,396
  • Oct 30, 2011 2:01am Oct 30, 2011 2:01am
Quoting fti
Thanks.
I know Lucio and luciano's redition of caruso, very well indeed.
Thanks.

regards

i like my mind live like this.
http://www.youtube.com/watch?v=98H6o70JjDU
life is too short....system designed long term torrures.
so why allow tortures.
smile and let God handle his stuff.

Inserted Video
  • #28,397
  • Oct 30, 2011 2:06am Oct 30, 2011 2:06am
Quoting fti
life is too short....system designed long term torrures.
so why allow tortures.
smile and let God handle his stuff.

http://www.youtube.com/watch?v=I85ApzR43jU
There r times that i wished life could be shorter. Lol.
  • #28,398
  • Oct 30, 2011 2:12am Oct 30, 2011 2:12am
Quoting fti
Thanks.
I know Lucio and luciano's redition of caruso, very well indeed.
Thanks.

regards

i like my mind live like this.
http://www.youtube.com/watch?v=98H6o70JjDU

Joyfully and rhythmic

mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,399
  • Oct 30, 2011 2:14am Oct 30, 2011 2:14am
Quoting N_Trader
There r times that i wished life could be shorter. Lol.


Common mate you should not say things like that

mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,400
  • Oct 30, 2011 2:15am Oct 30, 2011 2:15am
Quoting N_Trader
There r times that i wished life could be shorter. Lol.
KC liu's favourite song.
May he rest in peace.

Inserted Video
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