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Technical Analysis Fallacy

  • #32,541
  • Mar 29, 2012 10:56am Mar 29, 2012 10:56am
Quoting indianguyinny24
Dont you guys think we should plan to meet somewhere...its been 5 years...we all kinda talk here more then we talk to some of our best friends and distant family members...

V
Would be great to meet all of you. Flying scares the crap out of me, but I would just for this, if finances permit me too. I would consider it an honor.
  • #32,542
  • Mar 29, 2012 10:59am Mar 29, 2012 10:59am
I would suggest Team Viewer if an online meeting is done. It's free video conferencing software. I use it pretty often to fix friends computers and access mine when away.
  • #32,543
  • Mar 29, 2012 11:07am Mar 29, 2012 11:07am
sorry if not pleasing
Just a suggestion only
our founder from singapore
if we will hold a gathering
What is not as good as it was in singapore

regards
suma
  • #32,544
  • Mar 29, 2012 11:36am Mar 29, 2012 11:36am
Quoting m1notaur
Dear FTI,
I must say that reading through over 20 pages of this thread has been nothing short of a revelation.
I am currently in the stage of head in the hands and in complete indecision.
I started trading around 3 years ago when demand for my line of work started to decrease i wanted to find a substitional income to prop up the lack of steady income.
I tested all area's of the market and even re-trained as a stockbroker to get some info on how this all worked. It didn't work out and i am back to square one , except i am suffering more than ever...

Dan,

Welcome to thread...trust me there is some due required...please read 200 pages and build slowly its ant work but its worth it...

Please do read and believe u r training for marathon and its not sprint...

V
  • #32,545
  • Mar 29, 2012 11:48am Mar 29, 2012 11:48am
Quoting m1notaur
Dear FTI,
I must say that reading through over 20 pages of this thread has been nothing short of a revelation.
I am currently in the stage of head in the hands and in complete indecision.
I started trading around 3 years ago when demand for my line of work started to decrease i wanted to find a substitional income to prop up the lack of steady income.
I tested all area's of the market and even re-trained as a stockbroker to get some info on how this all worked. It didn't work out and i am back to square one , except i am suffering more than ever...
Welcome Dan,
You are trading for 3 years... so you have more than basic knowledge of trading. To find consistency as Vic indicated, read first 200 pages of this thread, there is a wealth of info here. Spend some time here on the thread to ask questions or just read others questions and answers and you will be profitable.
Jaro
  • #32,546
  • Edited 2:37pm Mar 29, 2012 11:52am | Edited 2:37pm

Europe is fine.
America -Ok
Asia - Never been there before, might be interesting.


P.S. Maybe I am Not invited!
  • #32,547
  • Mar 29, 2012 6:11pm Mar 29, 2012 6:11pm

Inserted Video
  • #32,548
  • Mar 29, 2012 6:40pm Mar 29, 2012 6:40pm
Look at 15 min chart....no way to rescue anywhere...

V
  • #32,549
  • Edited 8:33pm Mar 29, 2012 7:06pm | Edited 8:33pm
Just woke up, missed out the party planning part.

I go hunting some pip first.
  • #32,550
  • Mar 29, 2012 8:21pm Mar 29, 2012 8:21pm
who is buying euro

Quoting indianguyinny24
Look at 15 min chart....no way to rescue anywhere...

V
Maybe it is the end of the month! Could be a wild day today and anything can happen. All the best to all with your trading and take care. Ray
  • #32,551
  • Mar 29, 2012 9:38pm Mar 29, 2012 9:38pm
Quoting 1234
who is buying euro



Maybe it is the end of the month! Could be a wild day today and anything can happen. All the best to all with your trading and take care. Ray
Thanks Ray

V
  • #32,552
  • Mar 29, 2012 11:14pm Mar 29, 2012 11:14pm
Quoting 1234
who is buying euro



Maybe it is the end of the month! Could be a wild day today and anything can happen. All the best to all with your trading and take care. Ray
I think they were disposing off yesterday's burdens which is understandable given Q1 end.


regards
  • #32,553
  • Mar 30, 2012 2:53am Mar 30, 2012 2:53am
Quoting 1234
who is buying euro



Maybe it is the end of the month! Could be a wild day today and anything can happen. All the best to all with your trading and take care. Ray
10:30 (GMT) EUR "EU-27 Finance Ministers, Central Bankers Meet in Denmark"

May be just in case the 1000 billion firewall will be implemented in the Copenhagen meeting today, who knows

Rgs,
Baifu
  • #32,554
  • Mar 30, 2012 2:58am Mar 30, 2012 2:58am
Quoting Baifu
10:30 (GMT) EUR "EU-27 Finance Ministers, Central Bankers Meet in Denmark"

May be just in case the 1000 billion firewall will be implemented in the Copenhagen meeting today, who knows

Rgs,
Baifu
  • #32,555
  • Mar 30, 2012 3:52am Mar 30, 2012 3:52am
Quoting m1notaur
Dear FTI,
I must say that reading through over 20 pages of this thread has been nothing short of a revelation.
I am currently in the stage of head in the hands and in complete indecision.
I started trading around 3 years ago when demand for my line of work started to decrease i wanted to find a substitional income to prop up the lack of steady income.
I tested all area's of the market and even re-trained as a stockbroker to get some info on how this all worked. It didn't work out and i am back to square one , except i am suffering more than...
Not to rant just hope u do understand one of the very true nature of trading is it cannibalise on other ppl's losses. Thus as what fti has stated trading is mainly for rich man's game which sadly is very true. If u are feeling desperate, my sincere advice is leave this forum and your trading account for at least three to six months.

but before u start trading again, at the minimum ensure u have an emergency fund(six months' worth of ur current salary or more) for ur family(Eeeerrr u can dun eat and ur wife can survive on her salary but I dun think ur kids needs to suffer with u.) During these three to six months, train ur mindset first no use reading fti's trading method if u are weak in mindset. In training using fti method, just dun deploy all ur ammos at one go.

Ration ur money, I dun think u can strike rich in a single stroke (I took eight years but in between I rest for five years to get my mindset right and I train only using what I can spare).

Also dun READ, UNDERSTANDING is the key. I dun read fti's teaching in fact I just understand his main focus and add to my existing trading strategy. I dun follow all his teachings. What suits fti doesn't mean it suits u. Fti can only teach u so much if u failed to understand what he is teaching, well u have to find ur way urself like what I am doing.

As of now I am in with my real trading capital, not much but at least it is in profits.
  • #32,556
  • Mar 30, 2012 7:02am Mar 30, 2012 7:02am
I received some PM from inexperienced TAF traders recently.
Disregarding right or wrong of their TAF perspectives, I want to address an old popular issue-- the HolyGrail Digging.

One trader told me straight-- He is not digging HolyGrail, but want to get correct concept about TAF.

If I can tell the correct TAF concept, then, the first 200 pages might be the wrong version? Why people trust second hand information instead of reading the 200 pages and discuss their doubts here?

I haven't ever been a gentle person and I think in this case I would speak straight for their own good -- This attitude can only leads to failure. Better save money to do something else. Trading is a handcraft job, it takes time, patience, practice to get the right concept.

In fact, nobody see an outstanding performance achieved by digging around second hand TAF information.
  • #32,557
  • Mar 30, 2012 7:37am Mar 30, 2012 7:37am
Quoting imjscn
I received some PM from inexperienced TAF traders recently.
Disregarding right or wrong of their TAF perspectives, I want to address an old popular issue-- the HolyGrail Digging.

One trader told me straight-- He is not digging HolyGrail, but want to get correct concept about TAF.

If I can tell the correct TAF concept, then, the first 200 pages might be the wrong version? Why people trust second hand information instead of reading the 200 pages and discuss their doubts here?

I haven't ever been a gentle person and I think in this case I would...

I think they are trying to shorten the learning curve. I had a hard time understanding what was presented at first and would have loved someone to just explain it to me. Later MaMood was kind enough to attempt.

I now believe that the understanding of what is presented is an important part of the lesson and should be embraced.
No problem asking questions thoutgh.

Good Trading
Mike
  • #32,558
  • Mar 30, 2012 7:38am Mar 30, 2012 7:38am
A trader is afraid of the risk of Average Down, he wrote to me:
Quote
I suppose Niels (MaMood) is successful with this method (based on his writings – although I know that he collects money for his fund), and he says that you have to have 50-100 thousand dollars to be profitable with this method and to be safe at the same time…
Firstly, I want to say, TAF is not Average Down. When rescue, in mathematical term, the average cost is improved. But TAF is not Average Down. What is it?-- If you read the first 200 pages, maybe you can gain more insights than I gained.

Secondly, all method need capital. No money no game.
TAF doesn't cost more, it doesn't cost less.
As for how much, don't be scared. Any amount that can survive with other method can do with TAF.
A senior member grew her account from $500 to $5000 , I met her in Skype 3 years ago and she quit her day job to do full time trading at that time.
I wouldn't suggest you to play $500 game. Just want you newbies to know-- don't be scared by TAF.

On the other side, Zero-Cost game may cost you more.
  • #32,559
  • Mar 30, 2012 7:50am Mar 30, 2012 7:50am
hi imjscn

Quote.



'Trading is a handcraft job, it takes time, patience, practice to get the right concept.'


I could not agree with you more, when you finally wake up and realise that it is only YOU that can make your trading work for you it completely changes they way you view the market and you can then work out strategies that allow you to deal with all the unpredictability, no system or indy or signal service can ever give you that success.


You can not run before you can walk so why should trading be any different.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #32,560
  • Mar 30, 2012 7:53am Mar 30, 2012 7:53am
Quoting tubguy
I now believe that the understanding of what is presented is an important part of the lesson and should be embraced.
No problem asking questions thoutgh.
Mike
When people get the answer of "read the first 200 pages", some of them feel offended.
In fact, this is the most kind answer. It speaks for their best benefit.
After we passed the "newbie" period, we realized it.
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