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Technical Analysis Fallacy

  • #33,201
  • Apr 25, 2012 8:11pm Apr 25, 2012 8:11pm
Quoting fti
can you make telephone call with 9 cents?
Retail is an infancy experiment still, is a way internet is facilitating a new useful avenue.
Still in Alpha.

so limit it to gaming until it matures.
The real markets are in the primary spot interbanks. There, is a market of honour, you dishourable and you finished.no one will deal with you. There they all learned and have guns. Also , they shoot bad brokers or counterparties. In dealing terms is called "stuffed".

Okay.. Thanks for insight FTI. I learn new things and wisdom from you everyday. And I thank God I found this thread and am glad that I commit myself to read through it.
  • #33,202
  • Apr 25, 2012 8:17pm Apr 25, 2012 8:17pm
Quoting phil13
Hi Jok


seems to be a retail dog world out there, all we can do is try to pick one without to many fleas or make your own flea spray to deal with them.



Regards


Phil.
Yes Phil, you are right, must pick one without many fleas. Myself, I have change the "dog" few times myself. Once I detect fleas, I shifted to another "dog". Trying to find one with less fleas, as you called it... Thanks Phil.

Regards
Joko Tingkir
  • #33,203
  • Edited Apr 26, 2012 1:07am Apr 25, 2012 10:59pm | Edited Apr 26, 2012 1:07am
Hi friends would like to have your ideas on how you deal with this problem. I am facing difficulty with larger skews. On the defensive skews I am doing quite well, but when I try to go aggressive thats when the problem start. I know its a psychological thing but if you any of you have face it would love to hear on some tips to fighting it.

More specifically when in larger skew when get caught against sudden impulse wave. I know FTI suggested going on the direction on the impulse and then when the momentum slows down doing a rescue on the original position but find it very stressful. It worked a few times but psychologically its too stressful.

So any tips on how you guys cope with it will be greatly appreciated.

Thank you FTI for the vouch!!

p.s. saw a old version of canon few post back..enjoy the rock version of it

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  • #33,204
  • Apr 26, 2012 12:12am Apr 26, 2012 12:12am
Quoting nafis
Hi friends would like to have your ideas on how you deal with this problem. I am facing difficulty with larger skews. On the defensive skews I am doing quite well, but when I try to go aggressive thats when the problem start. I know its a psychological thing but if you any of you have face it would love to hear on some tips to fighting it.

More specially when in larger skew when get caught against sudden impulse wave. I know FTI suggested going on the direction on the impulse and then when the momentum slows down doing a rescue on the original...
nafis, pity Guns & Roses never played Canon?
try experiment with varying skews a twitch higher also limit it to where the average peak levels where you had been successful. But raise skew slowly find your comfort zone.

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regards
  • #33,205
  • Apr 26, 2012 12:19am Apr 26, 2012 12:19am
Thank you for you feedback FTI. Back to little experiments with skews again...

Ya would have been epic watching Slash play canon...I can imagine him standing over the ocean and playing it
  • #33,206
  • Edited 12:46am Apr 26, 2012 12:29am | Edited 12:46am
Quoting nafis
Thank you for you feedback FTI. Back to little experiments with skews again...

Ya would have been epic watching Slash play canon...I can imagine him standing over the ocean and playing it
we get what we can get. Same as in markets.
the rest leave to God's will. Pray lots for guidance. also for serene fortitude overcome obstacles.

regards

never do this, then there will be tears in heaven.
the music's ok, never touch the stuff.


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  • #33,207
  • Edited 1:00am Apr 26, 2012 12:35am | Edited 1:00am
Quoting fti
we get what we can get. Same as in markets.
the rest leave to God's will. Pray lots for guidance. also for serene fortitude overcome obstacles.

regards
Yes Sir can't rush with the skews or gonna get my head chopped off ..yes will pray for guidance and also am praying for u so u can be here with us for a very long time

heading back to experiment room now

p.s. ya never gonna touch that stuff agian or this one....

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  • #33,208
  • Apr 26, 2012 2:07am Apr 26, 2012 2:07am
Thank you for your detailed reply. Now waiting patiently at the bus stop and sharpening my weapons!!

The only problem I have with news is I tend to react before I actually see it in the market. Have tackled it but need to watch this scorpion carefully. Last time when I saw the yield go up on the Spanish bond I reacted without seeing that in the market. But took my lessons and moving forward.

Like you say sir Capital preservation is number 1 and as AOW says know self know enemy and not fear outcome of battle..
  • #33,209
  • Edited 2:50am Apr 26, 2012 2:29am | Edited 2:50am
Quoting nafis
Hi friends would like to have your ideas on how you deal with this problem. I am facing difficulty with larger skews. On the defensive skews I am doing quite well, but when I try to go aggressive thats when the problem start. I know its a psychological thing but if you any of you have face it would love to hear on some tips to fighting it.

More specifically when in larger skew when get caught against sudden impulse wave. I know FTI suggested going on the direction on the impulse and then when the momentum slows down doing a rescue on the original...

Well, there you get the straight answer right from Sifu himself. It's your lucky day, worth celeberating.

Some 10+v senior could have given you the answer some thing like " Read The Thread ".

Anyway, I had same problem with yours, I did what FTI told you, experimenting, some prefer call it practice.

What I did and still doing is, practicing and experimenting. Last year, in one of the experiment, I doubled my account in two weeks, then by that time I knew it is possible. So I experimented whether it is possible to double it in one week, it is possible but on the last day of the week, of that experimenting period, my account got burned, got sudden reversal right after the last skew deploy and rescues failed. I have been in death battle a few times too, don't wanna be there any more.

So now, what I am looking for is, comfort zone but optimum return. Still learning.

Good Luck.

Rgds.
  • #33,210
  • Apr 26, 2012 2:46am Apr 26, 2012 2:46am
Dear FTI,

Permission to copy the post above. This is precious. Thank you Sir.

Rgds,
Jok.

Uuppss, it's gone. Fortunately i have copied it. Thank you FTI.
  • #33,211
  • Apr 26, 2012 2:50am Apr 26, 2012 2:50am
Quoting Jok
Well, there you get the straight answer right from Sifu himself. It's your lucky day, worth celebrating.

Some 10+v senior could have given you the answer some thing like " Read The Thread ".

Anyway, I had same problem with yours, I did what FTI told you, experimenting, some prefer call it practice.

What I did and still doing is, practicing and experimenting. Last year, in one of the experiment, I doubled my account in two weeks, then by that time I knew it is possible. So I experimented whether it is possible to double it in one week, it...

Thank you for your reply Jok really appreciate it.

We I am not actually new here. I have been lurking in the thread for quite some time. I have finished reading almost 1400 pages(left out pages 600-1000) and my own notes of the first 200 pages in addition to AOW, 36 stratagem and currently looking into the way of the tao. Finished the TAF lounge as well.

Well I just wanted to hear from other peoples experience. I am quite comfortable with my defensive skews but wanted to improve my skills on the more stronger skews. But like FTI said I have to give it time can't rush it.

Wow doubling your account in 1 week that's crazy !!! I remember FTI did it in sth like 24 trades!!
  • #33,212
  • Apr 26, 2012 3:17am Apr 26, 2012 3:17am
Quoting nafis
Thank you for your reply Jok really appreciate it.

We I am not actually new here. I have been lurking in the thread for quite some time. I have finished reading almost 1400 pages(left out pages 600-1000) and my own notes of the first 200 pages in addition to AOW, 36 stratagem and currently looking into the way of the tao. Finished the TAF lounge as well.

Wow doubling your account in 1 week that's crazy !!! I remember FTI did it in sth like 24 trades!!
Well, it was just an experiment and it was done on a mini account, so less pressure. I wanted to find the proper ingredient, accurate ingredient. Because FTI mentioned at the earlier stage of the thread that he doubled the account in a week or even 24 trades. At that time I was only able to do it in one month, so I thought I must have got it all wrong. I thought I must have missed some of the lessons.

Glad to know you have tame the defensive strategem.

Good Luck and God Bless.

Rgds,

Joko Tingkir.
  • #33,213
  • Apr 26, 2012 5:26am Apr 26, 2012 5:26am
Quoting fti
no harm, you are new here, and probably not read much of the thread.
Only because i felt a little uncomfortable with your mindset, i just wanted help you see better. I not asking apologies.

I see what you mean, we always think somewhere else is better than where we are mostly. Is human nature.But really we mostly trying run away from ourselves.

By the way, welcome to the thread.
Hope reading this unending thread is meaningful for your development.



regards
yes fti, many trade so as to run away from "something"/someone/themselves...

it has been 4 months since i came across this.
glad still going strong...

i have some questions which probably not many can answer:
1. are there many "players"/fund mgrs out there who really just wanna fill up your stops so that they "save"? Am not sure about this "save" part also..

2. do these professional traders use any indicators at all?

3. besides this thread, if u, fti, are starting out again, who /what would you look for to start your trading career right?

thanks fti.

all the best for your health. if you can gain an upper hand in trading, am sure you can gain an upper hand in health if you want to and if according to His will.
  • #33,214
  • Apr 26, 2012 5:32am Apr 26, 2012 5:32am
Hello Joko,

doubling an account in 24 trades is possible with sound parameters. There is no need for over exposure .

if you do 100 (1.03^24= 203.27.) this means that if you make 3% per trade, in 24 trades you will double your money.

and if your expected return is 3% and you are following sound risk parameters then your risk below that digit.




Quoting Jok
Well, it was just an experiment and it was done on a mini account, so less pressure. I wanted to find the proper ingredient, accurate ingredient. Because FTI mentioned at the earlier stage of the thread that he doubled the account in a week or even 24 trades. At that time I was only able to do it in one month, so I thought I must have got it all wrong. I thought I must have missed some of the lessons.

Glad to know you have tame the defensive strategem.

Good Luck and God Bless.

Rgds,

Joko Tingkir.
  • #33,215
  • Apr 26, 2012 5:36am Apr 26, 2012 5:36am
Finally some nice music to dance to, some weak euro data and my dancing moves are on the floor .

Anyone else in the battle?
  • #33,216
  • Edited 2:02pm Apr 26, 2012 5:45am | Edited 2:02pm
spain 10yrs over 6% today. I wonder how the cds are this week. Here is what it looked like last week.
  • #33,217
  • Apr 26, 2012 7:23am Apr 26, 2012 7:23am
Quoting daytek
Hello Joko,

doubling an account in 24 trades is possible with sound parameters. There is no need for over exposure .

if you do 100 (1.03^24= 203.27.) this means that if you make 3% per trade, in 24 trades you will double your money.

and if your expected return is 3% and you are following sound risk parameters then your risk below that digit.

Hi daytek,

Thank you for the reply. will try to reach that consistency.

Rgds.
  • #33,218
  • Apr 26, 2012 7:35am Apr 26, 2012 7:35am
Hello FTI,
I just discovered your thread, I must tell you that I was fascinated by philosophy and ethics that you are communicating generously to those approaching the difficult art of trading. I am an old Italian “dog”. Old but still really want to learn how to live (to trading). I will follow your thread, I read 140 pages so far, and when I came out of the confusion in which I hunted, I will be happy to post my comments and my questions.
I hope to return you back in good health. Never be discouraged to recover full health, our body, if placed in harmony with all things, is wonderfully powerful.
Regards
Emil
  • #33,219
  • Apr 26, 2012 12:45pm Apr 26, 2012 12:45pm
Dear FTI and all other respectable members here. Although what i am going to say may not be relevant with trading (even my previous Kitaro video post here was more relevant, haha), anyway I hope this little story of mine could save you one day.

Today , my company's email was hacked and I could literally see the inbox deleting its message by itself in real time! The problem was, there was this deal going on between our buyer and us about the transaction we will have on this date. Weird enough, the hacker seems to know about this transaction on this day and this date! :/

Without our consent, our email was remotely-controlled and sent instructions to our buyer and the hacker has informed them that we have changed our company bank account details!! He almost got away with it and there was no traces of any emails sent / received!!!

we actually found out by chance (The blessings from the universe i guess, nameste!), that we noticed we have not received any funds from our buyer, immediately we called up and the buyer told that they have made the payment already and has even responded to many of our emails (which we did not send). The transaction has been canceled imeediately after we denied the conversation. And our buyer has forwarded us the conversation between the buyer and the hacker. And this was what he wrote and also falsified our identity!:

1st email:

Dear Mr. XXXXXX (buyer):

Please note, we are having problems with our previous bank account, in regards to that please confirm if we can provide you with a new bank address details for further transaction, thank you and regards, xxxxx (our name)!!

2nd email (After the buyer agreed)

Dear Mr XXXXx (Buyer)

We have no problem with the previous payment of XXXX , you need not to worry, please NOTE the account stated below:

<his banking details>

He almost got away with it, but too bad, bitch!

The email provider we are using is a very popular email provider (name cannot be provided), but you could give it a guess easily.

I sincerely wish that someone here could benefit from our incident here and be careful when dealing through the digital channel! We had all the HTTPS on the bar, didn't seem to be functioning. We have also changed our email password during the process, never worked.

I guess we are never really safe, but it was a hard lesson learned, that sometimes, we still prefer the old fashion way.

Cheers and trade well!
  • #33,220
  • Apr 26, 2012 1:09pm Apr 26, 2012 1:09pm
Quoting jimborders
Dear FTI and all other respectable members here. Although what i am going to say may not be relevant with trading (even my previous Kitaro video post here was more relevant, haha), anyway I hope this little story of mine could save you one day.

Today , my company's email was hacked and I could literally see the inbox deleting its message by itself in real time! The problem was, there was this deal going on between our buyer and us about the transaction we will have on this date. Weird enough, the hacker seems to know about this transaction on...
Nice reminder of what Fti has fussed at us about many times. Can't really be to careful when transacting online.
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