Technical Analysis Fallacy | Page 1630 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Ultimate Fallacy in Technical Analysis 99 replies

"Technical Analysis Fallacy" thread people, I need your help 54 replies

Technical Analysis Fallacy Redux 23 replies

Statistical analysis fallacy 33 replies

Attachments: Technical Analysis Fallacy
Exit Attachments

Technical Analysis Fallacy

  • #32,581
  • Mar 30, 2012 10:27am Mar 30, 2012 10:27am
Quoting tubguy
I feel ya man! I don't even recall when I started reading this thread now. Seems a long time ago. I have gone back through it a few times since.
Each one gives new perspective.

Yes, really worth the effort of reading it. God Bless FTI and all the people in this thread.
  • #32,582
  • Mar 30, 2012 10:33am Mar 30, 2012 10:33am
Quoting Jok
Thank you Vick.

One of the question, that has been bothering me is this :

** What is most efficient return/profit for this style (TAF Style)?**

What I mean is let say, some people say it's 1% per day, some might say 50% a month etc. By efficient, I meant, doing it without putting the balance in danger (large DD).

Well, of course if we want to be very safe, we should trade very small, but then the return is too tiny.

Some say, the account must be able to sustain say 750 pips movement...
etc..etc...

I have been trying experimenting...
You manage your risk and the % gains will come to you. You try to go for bigger % gain you loose bigger % gains. You go for bigger number of pips you loose big number of pips.

The best policy is manage your trades without expecting number of pips and % gains. Once you are familiar with the markets and the method well than there won't be many issues.

As fti say 1st million is hard and then .....

IMHO

Regards
  • #32,583
  • Mar 30, 2012 10:38am Mar 30, 2012 10:38am
Quoting imjscn
You guys were lucky.

When I was new, Dr.Forex was quite popular in the forums. I read his book and discussions in forum. With so much admire to trade like him, I agreed to pay $1320 for his training.

First day, I received a well designed PDF enrollment agreement;............
.........................


The account was burst in the 3rd month. His newsletter continued coming. I lost interest in him already.

So I decided to trade other HolyGrails, burn more accounts
I thought, I am the only one who have burst account so many times. Really hope that I can be like all the seniors here.
  • #32,584
  • Mar 30, 2012 10:40am Mar 30, 2012 10:40am
Quoting Jok
Thank you N Trader.

Yes, I love the atmosphere in this thread. People are helping each other here, like a big family.

I remember that in some other thread, I asked a question and the answer that I got was "Stupid, moron, muppet" and other similar words and they are all 10+v.

Rgds.
Don't worry about those guys. The market will get them

Like what V has said, never think about how much you have to risk etc to make enuf money. Focus on applying fti's teaching to your trading. Rem, size doesn't matter. If you do not break away from that thought, I think it's almost impossible to be successful with fti's method. At least that is what I've experienced.

Sometimes, we want to make money and we want to make it quick. So it's not easy to breakaway for such thoughts, but allow some time for this to sink in... I believe it will come to you eventually.

All the best and God bless
  • #32,585
  • Mar 30, 2012 10:43am Mar 30, 2012 10:43am
Quoting indianguyinny24
You are clear enough...

Let me ans you in simple way...

as in life when you start reading maths you start with
1 + 1 =2 then slowly you take to 3+3=6 and then so on...

but no one learnt 3 *3 =9 before understanding 1 +1 =2...

so to ans your question dont worry how much you make...nope...when i started i made 1 cent a day for couple of weeks...i remebered one day when i rescued a 10 cent drawdown i was happy dancing ...one of my friend looked at me and thought eithe rhe is crazy or he know what he is doing...

so rather then thinking about...
V,

Thank you very much, you've put it very well that it sound more simple for me to understand.

The reason I asked is that, people say you cannot trade using this method if you are under capitalized. But How much is not under capitalized?
  • #32,586
  • Mar 30, 2012 10:46am Mar 30, 2012 10:46am
Hi Lady and Gents,

glad to see you all arround here.
Just want to wish you a great weekend!

All the best!

Niels
  • #32,587
  • Mar 30, 2012 10:48am Mar 30, 2012 10:48am
Quoting simpleman
You manage your risk and the % gains will come to you. You try to go for bigger % gain you loose bigger % gains. You go for bigger number of pips you loose big number of pips.

The best policy is manage your trades without expecting number of pips and % gains. Once you are familiar with the markets and the method well than there won't be many issues.

As fti say 1st million is hard and then .....

IMHO

Regards

Yes, Simpleman, thank you. Very good input for me.

1st million...uhmmm
  • #32,588
  • Mar 30, 2012 10:51am Mar 30, 2012 10:51am
Hi joko


everything is relative, adjust your size according to your account funds available.


Slow and steady.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #32,589
  • Mar 30, 2012 10:58am Mar 30, 2012 10:58am
Quoting N_Trader
Don't worry about those guys. The market will get them

Like what V has said, never think about how much you have to risk etc to make enuf money. Focus on applying fti's teaching to your trading. Rem, size doesn't matter. If you do not break away from that thought, I think it's almost impossible to be successful with fti's method. At least that is what I've experienced.

Sometimes, we want to make money and we want to make it quick. So it's not easy to breakaway for such thoughts, but allow some time for this to sink...
Yes, that's it, that's the word..

Thank you N Trader. I will try my best to be more patient.
  • #32,590
  • Mar 30, 2012 10:58am Mar 30, 2012 10:58am
Quoting Jok
V,

Thank you very much, you've put it very well that it sound more simple for me to understand.

The reason I asked is that, people say you cannot trade using this method if you are under capitalized. But How much is not under capitalized?

You can easily many traders do ask here... about capitalization i just went with this simple process...again i might be wrong..i knew it will take some time to digest and get this method in my process so i just used enough account that its 5% loss will make me feel hurt but will not take away my night sleep out...so i only used that...once i made enough% in that account then i added more money....

again what is ENOUGH for you is different for me....

Also when you trade never think in terms of $..possible think in terms of pips gain with total number of troops available...

so lets say if you have 100$ and you have 100 troops of 1$ each ...tomorrow if you make it 10,000 ....you still have 100 troops...with 100 each ...

but if you think about money then the profit and loss $ amount will inhibit your thinking...whereas the total troops and dradown % will help you think more clearly...

art of war : managing big army is like managing small army...if you can manage small army well you can manage big army too...


V
  • #32,591
  • Mar 30, 2012 11:01am Mar 30, 2012 11:01am
Quoting phil13
Hi joko


everything is relative, adjust your size according to your account funds available.


Slow and steady.


Regards


Phil.

Yes Phil, that is the scorpion in me. Been trying to kill that scorpion, can't be kill, so best is try to make a cage and put my scorpion in that cage.
  • #32,592
  • Mar 30, 2012 11:02am Mar 30, 2012 11:02am
Quoting MaMood
Hi Lady and Gents,

glad to see you all arround here.
Just want to wish you a great weekend!

All the best!

Niels
Thanks, Niels

Hope you have a great one too!

Regards
  • #32,593
  • Edited 11:21am Mar 30, 2012 11:09am | Edited 11:21am
Quoting Jok
V,
people say you cannot trade using this method if you are under capitalized. But How much is not under capitalized?
Jok,
Rare chance you can survive with any method if under capitalized. It's not just TAF.

Some smart system looks like risk little. Just a question-- if less risky business can be more successful, why under capitalized traders die harder? Unlikely they all die by trading TAF.

"How much" --

it's a relative concept, the same idea as %. If your risk parameter is 2%, small or big account are the same 2% to risk.

The difference is the return. risk 2% of big account, you may make enough to buy a house, risk 2% of small account, you may make not enough to buy a noodle and you may feel it not worth doing.

So, with small account, you may likely to risk more in order to buy a house. This is where you pathetically take the disadvantage of "under capitalized". When you take a "good chance" to do it, market eat you alive.

If you decide to try a small account legend, you really need to be patient and disciplined.
  • #32,594
  • Mar 30, 2012 11:13am Mar 30, 2012 11:13am
Quoting indianguyinny24
You can easily many traders do ask here... about capitalization i just went with this simple process...again i might be wrong..i knew it will take some time to digest and get this method in my process so i just used enough account that its 5% loss will make me feel hurt but will not take away my night sleep out...so i only used that...once i made enough% in that account then i added more money....

again what is ENOUGH for you is different for me....

Also when you trade never think in terms of $..possible think in terms of pips gain with total...
Thank you V.

I get a better picture now. In fact, I've been thinking of what you said, but was afraid that I was wrong. Your explanation, is like a wake up call.

Thank you V. Appreciate it.
  • #32,595
  • Edited Mar 31, 2012 3:50am Mar 30, 2012 11:24am | Edited Mar 31, 2012 3:50am
Inserted Video


半徒先生太多 一船風力脫離分身
不聽老人言敗仗在眼前

thinking? in battle situations?
If the nice lady singing, if she thinks .
can you imagine what you get?
you try it.

The end of any era is always very scary.
new mutations begins elbows for dominance.
人心人心
人心不足蛇吞象
  • #32,596
  • Mar 30, 2012 11:27am Mar 30, 2012 11:27am
Quoting imjscn
Jok,
Rare chance you can survive with any method if under capitalized. It's not just TAF.

Some smart system looks like risk little. Just a question-- if less risky business can be more successful, why under capitalized traders die harder? Unlikely they all die by trading TAF.

"How much" --

it's a relative concept, the same idea as %. If your risk parameter is 2%, small or big account are the same 2% to risk.

The difference is the return. risk 2% of big account, you may make enough to buy a house, risk 2% of small account, you may...
That's where I went wrong. Trying to find the most efficient ROI.

You see, I have this thought, it might a be a wrong thought anyway. My thought is that, for example :

"If your return is only 10% a month, you are doing it not good enough not efficient MM. If your return is 60% a month you are risking too much".

That is the kind of question that I know there is no exact answer. But Vic's and your posting have enlighten me a lot.
  • #32,597
  • Mar 30, 2012 11:31am Mar 30, 2012 11:31am
i am off now, out to dinner in a while....

have a good weekend all.

@mamood, nice to see that all got sorted the other day

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #32,598
  • Mar 30, 2012 11:48am Mar 30, 2012 11:48am
I am off now.

Thank you guys.

Hope you all best of luck and God Bless.

Rgds,
Jok
  • #32,599
  • Mar 30, 2012 11:50am Mar 30, 2012 11:50am
Quoting Jok
That's where I went wrong. Trying to find the most efficient ROI.

You see, I have this thought, it might a be a wrong thought anyway. My thought is that, for example :

"If your return is only 10% a month, you are doing it not good enough not efficient MM. If your return is 60% a month you are risking too much".

That is the kind of question that I know there is no exact answer. But Vic's and your posting have enlighten me a lot.
A preset parameter works well with systematical trading.
But, with TAF, you can relax a bit. Try to enjoy the trading activity itself.

Try to adopt trading as part of your daily life. You unlikely to judge how much to eat for dinner. But you like to judge how much to make in trading. That makes dinner relaxing and pleasant while trading is stressful.
Just manage your army properly, they will perform better.
  • #32,600
  • Edited 12:57pm Mar 30, 2012 12:44pm | Edited 12:57pm
Quoting indianguyinny24
trust me i still shake when i have to hit Level 6 rescue ....so we all are still learning....

V
level 6 rescue

regards
223 traders viewing now, 1 is registered:
sutivserv