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Technical Analysis Fallacy

  • #29,401
  • Nov 27, 2011 4:26am Nov 27, 2011 4:26am
Quoting fti
is not easy task set up the game.
Need book hotel for players with full com and living enviroment for at least 1 month to simulate real life situations.
Need team administrators and marshalls and tons of secretaries manage stuff. Also a big team of simulated back office ops.

Citi used to host games at makati training center.
I not know if it still exist.
The last games i played was in the 70s.
Played against some 50 thai banks dealers.
guess who the champion?


regards
Very tough question. Any hints?
  • #29,402
  • Nov 27, 2011 4:29am Nov 27, 2011 4:29am
Quoting fti
Ya someone suggested to me .
If i collect 10,000 per month from each of you peeps.
I no need trade for a living any more.

What do you want to learn big guns game for?
You not market maker.
You not institution.
If you institution, you will need pay me thru your nose for the skills training.



regards
Will it give me an edge if I know? If yes, that would be the reason, chief.
  • #29,403
  • Nov 27, 2011 4:31am Nov 27, 2011 4:31am
Quoting fti
Oh you want?
ok
do 1st step goodfaith.
send 1 mio to charity of your choice and present receipt.
Then we can talk.


eer try not cheat me and donate 1 mio yen.
is usd equal please.

regards
ha ha ha, you do not trust me, I see.

Now you real colours are coming out,

Where all those nice and refreshing words gone? Where that spiritual leader gone? Is that because money is involved? I do not thing so, must be something else. But not sure what

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,404
  • Edited 4:50am Nov 27, 2011 4:34am | Edited 4:50am
Quoting mla
ha ha ha, you do not trust me, I see.

Now you real colours are coming out,

Where all those nice and refreshing words gone? Where that spiritual leader gone? Is that because money is involved? I do not thing so, must be something else. But not sure what

mla
eer where your good faith?
If 1 mio is a problem, then there nothing to deal.

Trust is word you must never use when money is concerned.



regards
  • #29,405
  • Nov 27, 2011 4:36am Nov 27, 2011 4:36am
Quoting N_Trader
Will it give me an edge if I know? If yes, that would be the reason, chief.
Maybe.
Depends.
Some daughters our sons marrys can give birth.
Some are barren.
It depends on many things.

If any consolation, its has time tested track record.

what are you asking about knowing?
I already gave all here.
If you become PA, just have me breathing down your neck only mostly.




regards
  • #29,406
  • Nov 27, 2011 4:37am Nov 27, 2011 4:37am
Quoting fti
eer where your good faith?


regards
Of course, my word counts.

Anyway, you have no chance in collecting if I do not get involved.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,407
  • Edited 4:58am Nov 27, 2011 4:46am | Edited 4:58am
Quoting mla
Of course, my word counts.

Anyway, you have no chance in collecting if I do not get involved.

mla
i see, thats ok.
I not need the money.
If i get the money, it probably goes to a charity of my choice.

you mistaken.
I have friends make more than 1 mio daily.
Oh not from trading from his PLC business.

regards
  • #29,408
  • Nov 27, 2011 4:47am Nov 27, 2011 4:47am
Hey we are only joking.

there is not deal involved.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,409
  • Nov 27, 2011 4:55am Nov 27, 2011 4:55am
Quoting mla
Hey we are only joking.

there is not deal involved.

mla
I said this, because I could feel people rushing out the door stampede each other.

There were at least 30 following, now just me and you left.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,410
  • Edited 5:17am Nov 27, 2011 5:02am | Edited 5:17am
Quoting mla
I said this, because I could feel people rushing out the door stampede each other.

There were at least 30 following, now just me and you left.

mla

Maybe you feel you are a joke.
But just for your info.
I am the real deal.

Only problem is i am dying, abate slowly.
my dealers creed not allow i make jokes of business.
"My word is my bond."
When i make prices, When customers hit, I honour the deal.

So try not joke about my business.
Is very rude.
Anyway , you can say whatever you like.
Seems you just failed even establish lines.


regards
  • #29,411
  • Nov 27, 2011 5:16am Nov 27, 2011 5:16am
Quoting fti
Maybe you feel you are a joke.
But just for your info.
I am the real deal.

Only problem is i am dying, abate slowly.
my dealers creed not allow i nake jokes of business.
"My word is my bond."
When i make prices, When customers hit, I honour the deal.

So try not joke about my business.
Is very rude.

regards
Sorry mate, I thought clearly it was a joke.

I apologies for that, I did not mean to be disrespectful. I honestly thought that was a joke.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,412
  • Nov 27, 2011 5:20am Nov 27, 2011 5:20am
Quoting mla
Sorry mate, I thought clearly it was a joke.

I apologies for that, I did not mean to be disrespectful. I honestly thought that was a joke.

mla
No harm done.
Is ok.
I wasn't making price yet.
Just setting some ground rules sell my life away , or what ever's left of it.

You not understand that i am giving these away , so that if i need depart.
God willing there will be peeps for continuity.
Thats all.



regards
  • #29,413
  • Nov 27, 2011 5:21am Nov 27, 2011 5:21am
Quoting fti
Maybe.
Depends.
Some daughters our sons marrys can give birth.
Some are barren.
It depends on many things.

If any consolation, its has time tested track record.

what are you asking about knowing?
I already gave all here.
If you become PA, just have me breathing down your neck only mostly.

regards
Nice analogy, chief

You've already given me an edge. I trade for ice-cream now, but never lost a trade so far.

I am willing to do this because this is my calling I feel. If you are ever ready for anything, chief. I will give you my word.
  • #29,414
  • Nov 27, 2011 5:43am Nov 27, 2011 5:43am
Quoting fti
No harm done.
Is ok.
I wasn't making price yet.
Just setting some ground rules sell my life away , or what ever's left of it.

You not understand that i am giving these away , so that if i need depart.
God willing there will be peeps for continuity.
Thats all.



regards
Well I went and looked back at the posts and this to me did start like a joke I also
wrote cosa nostra below my name:

But in any case I apologies if I have caused discomfort:

Originally Posted by mla
Hey Fti

I can collect for you.
10% cut for me? is that ok?

mla
cosa nostra

ya you want be my PA.
Then you pay first.
Its a very resposible position.
Everything you are responsible.

Then i need set up superviswory team make sure you on your toes.
Maybe is best you try learn what i had given and jell it together make a living for the rest of your living.
Is not easy work for me. I amvery very demanding person.
Nothing but the best only.

Perfection i cannot expect, only close to perfection i demand.


regards
"The Heart is the hub of all dances; go there and chill out"
  • #29,415
  • Nov 27, 2011 5:48am Nov 27, 2011 5:48am
Quoting mla
Well I went and looked back at the posts and this to me did start like a joke I also
wrote cosa nostra below my name:

But in any case I apologies if I have caused discomfort:

Originally Posted by mla
Hey Fti

I can collect for you.
10% cut for me? is that ok?

mla
cosa nostra

ya you want be my PA.
Then you pay first.
Its a very resposible position.
Everything you are responsible.

Then i need set up superviswory team make sure you on your toes.
Maybe is best you try learn what i had given and jell it together make a living...
  • #29,416
  • Edited 6:15am Nov 27, 2011 5:50am | Edited 6:15am
Quoting N_Trader
Nice analogy, chief

You've already given me an edge. I trade for ice-cream now, but never lost a trade so far.

I am willing to do this because this is my calling I feel. If you are ever ready for anything, chief. I will give you my word.

Honour amongst honour.
Is a nice warm feeling hearing you doing well.

keep the faith.

never be careless or greedy.
We are only as good as our last trade.

grow consistenly keeping within managable boundaries.
is not necessary gamble.

It is the same managing a large army or a small unit.
If small cannot survive big hardly will.
The bigger the pot the more the burnt rice.

this i learned fom Sun Zi , and guided by MR Khoo Boon Inn, a great man he was.
To me the lion of Namly Ave.



regards
  • #29,417
  • Edited 12:38pm Nov 27, 2011 6:15am | Edited 12:38pm
Quoting Conceptual
How one defines retail, defines whether or not one can generate a living from trading 2% of total equity, but I was not making a blanket declaration on all 2% traders. The general rule holds mathematically firm - the average retail opening account balance is significantly less than $8,000.00.

2% per day, on 8,000 = $160 equity used to place each trade. While you indicated that you never risk more than 2%, you never indicated your leverage ratio, which is equally if not more important. At $160 and 50:1 leverage, you can move $8,000 notional in...
Hi Conceptual,
You seem to be trying to make a point here, but I'm not sure why.

I make a very good living as a trader, but my account balance and trading stats are my own business and I do not share that information with anyone (except the US IRS -- LOL). But for the record, I stopped targeting daily pips a while back; I do not trade at 100% accuracy; and, I said I do not risk more than 2% per tade (most of the time in the 1% to 1.5% range).

I think it's a mistake to assume too much about my trading, my margin account, and my MM. The main idea in this topic for me is: "risk small, win big".

I've posted some real-time trading here and, a few times, on my journal. One of the things that I try to do is keep the 1-2% at risk. So, on the entry of a trade, I am risking 1%; when I'm up 1%, I protect the entry price, risking the 1% gained thus far in the trade; when I'm up 2%, I protect the entry price+1%, and so on. The actual numbers never work out exactly like that, but it approximates what's going on in my head. Once it gets going, I can add to the opening position with other trades, (I think one of the key differences between new traders and experienced traders is that experienced traders love retracements -- lol) keeping an eye on my margin account so as not to over do it.

The downside of this approach is that it often leave little room to rescue a trade that is poorly timed, but I do rescue from time to time. I know that some of this is not part of fti's teachings, but the stuff that I've added to my trading from fti's teachings contribute greatly to my success.

Hope this clears things up a bit for you and good trading to you. BTW, why don't you spend some time explaining your trading history and issues to us? I'd be interested in hearing about your trades, your thinking on risk, MM, etc. Looking forward to hearing from you and learning more.
  • #29,418
  • Nov 27, 2011 6:21am Nov 27, 2011 6:21am
Ok, this is my last post here.

To be honest I am bit disappointed. I am not going to get into any details, because I do not see any point.

" I need to understand your personal illusions to grasp the scope of your illness."

All the Best
mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,419
  • Nov 27, 2011 6:33am Nov 27, 2011 6:33am
Quoting fti

Honour amongst honour.
Is a nice warm feeling hearing you doing well.

keep the faith.

never be careless or greedy.
We are only as good as our last trade.

grow consistenly keeping within managable boundaries.
is not necessary gamble.

It is the same managing a large army or a small unit.
If small cannot survive big hardly will.
The bigger the pot the more the burnt rice.

this i learned fom Sun Zi , and guided by MR Khoo Boon Inn, a great man he was.
To me the lion of Namly Ave.



regards
Thanks for your kind words and advice, chief

I will rem these words and work hard to keep the mindset.

Always a pleasure to speak with you

Regards
  • #29,420
  • Nov 27, 2011 6:51am Nov 27, 2011 6:51am
This is for you, chief
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