Technical Analysis Fallacy | Page 1749 | 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

  • #34,961
  • Jul 19, 2012 5:23pm Jul 19, 2012 5:23pm
Quoting luSan
Understand.
Everybody faces his inner dragons.
Watch the effect of your position size.
Are you over sizing?
I would look at it this way.
He is too small for good profits money.
But he too big for his pocket.

so he need find that which he can live with and size appropriate for this pocket shoulder.
This the pains of living.

we want more profits, but mostly we cannot shoulder the drawdowns.

i also want it big big, otherwise how compete with elephants leh?




regards
  • #34,962
  • Jul 19, 2012 5:27pm Jul 19, 2012 5:27pm
Quoting phil13
Hi eblip


again READ THE THREAD and see the other things, scout, rescue and attack are tools not a grail system, if you do not see it, read it again and again but slower each time until you do start to see the other important things here.


You really need to calm down and allow yourself the pleasure of understanding what you are reading and doing.


On your point of size (stay small), look only at pips not £'s, pips are constant £'s per pip are variable.


if bulls are taking ground be bullish--if bears are taking ground be...
Phil.
Good advise.

how life these days?

regards
  • #34,963
  • Jul 19, 2012 5:32pm Jul 19, 2012 5:32pm
Quoting Gro
Learning of this music only passed from master to student,
can not write sheet music?I'm OK?
all good how r u....
  • #34,964
  • Jul 19, 2012 5:41pm Jul 19, 2012 5:41pm
Quoting fti
eblip
you begining find yourself.
there much learning.
ultimately you will find yourself, your true self.
then when you do, you can begin molding what you want to be.

if you add capital from other sources, you may be come unstable again.
as you will discover more of yourself to deal with.

Find your equlibrium first then you find your base, then from there you build.
mostly from profits,
if you cannot build from profits you cannot build.

If cap is too small, then you not have the required resources be in the markets.
the answer...
i have made decision..
based on what you said and based on thinking.

i will continue with small pot being caareful and proper mm and mo.
i will set target to make pot 3 times bigger (300)percent current pot size.
when i do this then i will have more trust in myslef.


and then i will add money to make new pot 3 times bigger. with added capital....and then i grow from there.

the pot will still not be that big...but it will be about 10 times bigger than it is now and i can make reasonable profit from there...continuing good mm and good mo...and just keep growing from there with no rushing ...no gambling...just good trading..

i see it is important that i dont have too much capital too quickly as the price movement is very different from my current price movement ..and i may get unstable..initially until i adjust..so better to adjust slowly as it is my money i am plaaying with.

thank you fti for market understanding and wisdom of people....i look forward to continued learning.
  • #34,965
  • Jul 19, 2012 5:56pm Jul 19, 2012 5:56pm
Quoting eblip
i have made decision..
based on what you said and based on thinking.

i will continue with small pot being caareful and proper mm and mo.
i will set target to make pot 3 times bigger (300)percent current pot size.
when i do this then i will have more trust in myslef.


and then i will add money to make new pot 3 times bigger. with added capital....and then i grow from there.

the pot will still not be that big...but it will be about 10 times bigger than it is now and i can make reasonable profit from there...continuing good mm and good...
i am honoured your mental strength.
do the best you can.
remember always, winds and tides change, so life is not only smooth sailing always.
so must have contingencies.
always have plan B while executing Plan A.
Always have a escape route , just in case.


Good fortune.

regards
  • #34,966
  • Edited 7:31pm Jul 19, 2012 6:00pm | Edited 7:31pm

ya ya sweep it under the carpet.
it surely grow and come back bite you where is most painful.
they trying escape.
No you cannot hide what you had done, is my take on this.
face the music.
how you going to correct, and make better if hidden?

you ate, so pay up.
its time put a stop to white collar crimes.
Market Manipulation is a crime.
send clear message.
Powerful peeps or organisation must not abuse power,manipulate the masses.
Do the right thing. Do good policies direct the masses. OPEN MARKET OPERATIONS. Full transparency , so that the masses understand.
Currupt practises must stop.
Law must set the precedence.
we are not rogue states.

these acts are premeditated actions, there no innocence.
they planned , lobbied behind close doors, and executed enmass on the unknowning masses.
Is daylight robbery.
send clear message, the crime is not acceptable, it hurts the public and serve only thier greed.

already too many manipulation escape detection. Do right thing, set correct precedence. This only 1s caught with their hands in the cookies jar yet.

Exclusive: Banks in Libor probe consider group settlement - sources

http://www.reuters.com/article/2012/...86J00H20120720
  • #34,967
  • Jul 19, 2012 8:32pm Jul 19, 2012 8:32pm
Quoting eblip
i have made decision..
based on what you said and based on thinking.

i will continue with small pot being caareful and proper mm and mo.
i will set target to make pot 3 times bigger (300)percent current pot size.
when i do this then i will have more trust in myslef.


and then i will add money to make new pot 3 times bigger. with added capital....and then i grow from there.

the pot will still not be that big...but it will be about 10 times bigger than it is now and i can make reasonable profit from there...continuing good mm and good...
I'm kinda going through the same phase as well. Looks like we are in the same boat. Our state of mind has to be strong if not we would succumb to conformity of the world.

what fti and the rest of the guys have presented are pearls of wisdom from life experiences. And so happens I'm thinking of backup plans just in case Plan A fails. Reading this forum gives me more motivation and encouragement that somehow I'm not alone in this and know that there successful pioneers in this business.
  • #34,968
  • Jul 19, 2012 9:46pm Jul 19, 2012 9:46pm
Quoting Sampio
I'm kinda going through the same phase as well. Looks like we are in the same boat. Our state of mind has to be strong if not we would succumb to conformity of the world.

what fti and the rest of the guys have presented are pearls of wisdom from life experiences. And so happens I'm thinking of backup plans just in case Plan A fails. Reading this forum gives me more motivation and encouragement that somehow I'm not alone in this and know that there successful pioneers in this business.
hi sampio..
yes sounds like your in a similar phase as me.

yes i read in the thread about having contingency for any eventuality...and i construct a strategy based on what the market is doing.

all i can say about the wisdom of fti..is i think i am the type of person that cuts straight through to the heart of a matter..

when i started reading the thread ...i initially thought....this guy isnt actually teaching anything properly or specific...but something made me keep reading.

by the time i got through lets say 50 pages ...i started to understand that ...this guy is a serious proper trader the real deal....the kind i want to emulate...and his teachings made so much sense to me....i was already trying to win back positions.....and pseudo gurus were telling me that i was crazy and that...doing that is the quickest way to fail...
also i watched the screen all day and candle action...and pseudo gurus were telling me that if you have to watch your trades...then you dont trust yourself and you should only be picking grade A setups.....

i didnt have much faith in them.

but after reading about 100 pages of thread...i knew that i need look no further....the search is over....the search is complete.... the guru has been located.....i dont question anything fti says...and i never will.

on top of that the mental side of trading ...which i initially overlooked has come to the forefront....and he is psychoanalyst too.

not only am i learning how to trade properly...but i am learning much about myself and my behaviour...the trading lessons come from the market experience directly ...but the approach and market workings come from fti
and the thread.

even if i fail...which is not an option in my mind.....the knowledge is priceless and we are fortunate.
  • #34,969
  • Jul 19, 2012 10:02pm Jul 19, 2012 10:02pm
Quoting fti

i got funny feeling you found gf in china. just kidding.


regards
yes,,, your feeling is true ,,, my friend,,,
my gf is buried in china
I still have some family stay in fujian / china

regards

ps; talking about cigarette,,,even Máo zhǔxí is a heavy smoker,,
  • #34,970
  • Edited 3:33am Jul 20, 2012 2:30am | Edited 3:33am
Quoting fti
gro,
Honour & Duty.
thats why.
We trained to do what we do.
Mostly have orders do so.
otherwise if we do what we do in our society, we'll be branded criminals.

You are old soldier, you must know this.


regards
Hi fti
No, I'm an old fool, trying to show the beauty of human genius in Sun Zi Bing Fa.
The problem is probably that there are many versions of the text,is added to many "ego sauces".Nothing can replace the original Chinese ideograms in original text.I think because there is so much confusion in the strategy.
If anyone honestly read the thread and loves master Sun,must understand.

PSI own only a direct translation from the Czech original without "ego sauces".
Best regards and thanks master
  • #34,971
  • Jul 20, 2012 2:35am Jul 20, 2012 2:35am
Quoting sumakianlee
yes,,, your feeling is true ,,, my friend,,,
my gf is buried in china
I still have some family stay in fujian / china

regards

ps; talking about cigarette,,,even Máo zhǔxí is a heavy smoker,,
ai ya , so sorry my friend.
I digging wrong places.
my apologies.

regards
  • #34,972
  • Jul 20, 2012 2:36am Jul 20, 2012 2:36am
Has this world gone MAD?

http://www.bbc.co.uk/news/world-us-canada-18921492

for crying out loud, this a children's movie.

regards
  • #34,973
  • Jul 20, 2012 2:41am Jul 20, 2012 2:41am
Quoting fti
Has this world gone MAD?

http://www.bbc.co.uk/news/world-us-canada-18921492

for crying out loud, this a children's movie.

regards
I think he's joker.
  • #34,974
  • Jul 20, 2012 3:03am Jul 20, 2012 3:03am
Quoting eblip
i have made decision..
based on what you said and based on thinking.

i will continue with small pot being caareful and proper mm and mo.
i will set target to make pot 3 times bigger (300)percent current pot size.
when i do this then i will have more trust in myslef.


and then i will add money to make new pot 3 times bigger. with added capital....and then i grow from there.

the pot will still not be that big...but it will be about 10 times bigger than it is now and i can make reasonable profit from there...continuing good mm and good...
300% profit? it is like having a dollar tree at home and take some dollars off whenever needed.

too much at risk.
  • #34,975
  • Edited 3:38am Jul 20, 2012 3:04am | Edited 3:38am
Quoting eblip
hi sampio..
yes sounds like your in a similar phase as me.

yes i read in the thread about having contingency for any eventuality...and i construct a strategy based on what the market is doing.

all i can say about the wisdom of fti..is i think i am the type of person that cuts straight through to the heart of a matter..

when i started reading the thread ...i initially thought....this guy isnt actually teaching anything properly or specific...but something made me keep reading.

by the time i got through lets say 50 pages ...i started...
you are too kind my friend.

i have been called all sorts names.
mad man.
stupid straight ceo/ed,
uncorruptable Mr no play ball,
market making analyst,
technical analyst,
psychoanalyst is 1st time.
always a first time for everything.
I know, you meant Dr quack, in the good sense.

by the way euro is digging very deep grave.
be advised. And i really a little psycho selling at these levels.
well , thats me.
if it drops i'll sell it to zero.
anyway the depo rates for euros is already zero.


regards

Inserted Video
  • #34,976
  • Jul 20, 2012 3:15am Jul 20, 2012 3:15am
Quoting eblip
but after reading about 100 pages of thread...i knew that i need look no further....the search is over....the search is complete.... the guru has been located.....i dont question anything fti says...and i never will.

on top of that the mental side of trading ...which i initially overlooked has come to the forefront....and he is psychoanalyst too.

not only am i learning how to trade properly...but i am learning much about myself and my behaviour...the trading lessons come from the market experience directly ...but the approach and market workings...
I agree with you eblip. I am also in the same boat as you, but still struggling with understanding what fti tried to say. Might be I am slow, or too analytical, or simply 'dumb' but I am determined to see the light at the end of the tunnel. I am sure I will get there.

How many pages I need to read? I am only up to 50 something...

BTW, fti, I also like the songs you posted, so I am as 'old' as you are. hahaha

Thanks.

Regards,
King
  • #34,977
  • Edited 3:49am Jul 20, 2012 3:27am | Edited 3:49am
http://www.irishtimes.com/newspaper/...reaking17.html

see, i told you.
when they start sow bad, thats what they will get.
win win strategies are the best.

Now let them tell their board, its by design.

Listen to your customers, they not all stupid.


regards
  • #34,978
  • Jul 20, 2012 3:33am Jul 20, 2012 3:33am
Quoting fti
http://www.irishtimes.com/newspaper/...reaking17.html

see, i told you.
when they start sow bad, thats what they will get.
win win strategies are the best.

Now let them tell their board, its by design.


regards
I have been thinking microsoft is in some danger for a while now. The missed opportunity to create a operating system for some 2 billion mobile devices has cost them greatly. There windows symbian is a complete failure they never saw it as important until it was too late, Google and apple have taken that plate.

As for steve balmer not sure i think to greatly of him either

Inserted Video
  • #34,979
  • Jul 20, 2012 3:36am Jul 20, 2012 3:36am
hi kingsw

you would realise most suggest until page 200. then read it again 2-3 times.

I've done that and I'm actually half-way through the entire thread. Still learning and reading day by day. You may think reading through entirely is pointless but oh boy it has more to offer as the "seniors" tackle their mindset, scorpions and err.

at this point, I'm really grateful fti is still around to show some guidance.

thanks chief
  • #34,980
  • Jul 20, 2012 4:00am Jul 20, 2012 4:00am
I read, tested various strategies for the last 2.5 years. I figured I have it all figured out after spending more than 10000hours learning to trade. I thot I have an edge with the knowledge and started trading.
Once my trading amount goes up beyond my capital sum, I will do something stupid to bring it below that level - seems that I am very much comfortable sitting on losses than profit. Yes, it has to do with mindset and I am still learning how to overcome it.
Just this morning, after having hit a major stop loss only to see prices bounced back ,..makes me want to get rid of stop loss setting all together. And when I look at my demo account with no stop loss, my proft was 3.5x it's capital. I look at my live account, my account was half what it was at the start.
I know fti does not advocate stop loss.. I read thru' this thread,.(it's just tooo long and I am only up to 30+ pages)..I understand the need to look at the bigger picture , but have yet find a thread that tells me when to trigger a buy or sell. Price action ? If so, what do you look for before a decision is made.
I must have miss some threads, and some members may asked me to go back to read them all over again and not be such a pest.
I realised majority of my losses were in trading usd/gold - is there anybody out there that knows how to tame this dragon? It's worst than GJ in my opinion.
My question is - what do I need to do to be successful , ..to get into the feel and to trade profitably and consistently. I wished my live account can be switched with those demos.
Help,..what are the things to look out for , fti ? what is that things you first look at, at the beginning of each day.

Thanks again, sorry for the bother. My account is bleeding and I need to put a stop in that.
7 traders viewing now