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Technical Analysis Fallacy

  • #38,481
  • Jan 31, 2013 3:51am Jan 31, 2013 3:51am
Hi fti


thank you for yet another valuable lesson and your patience with us, I hope everyone realises how hard and the amount of effort it must be for you to continually do this in your condition.


God bless you.


Phil.
-be careful about what you allow to be put in your mind-
  • #38,482
  • Jan 31, 2013 3:55am Jan 31, 2013 3:55am
Quoting phil13
Hi fti


thank you for yet another valuable lesson and your patience with us, I hope everyone realises how hard and the amount of effort it must be for you to continually do this in your condition.


God bless you.


Phil.
just hoping can help some friends and newbies learn trade properly.
i try do as much as i can.mostly not too difficult as all these internalised. Just need some effort get the feeds on these info for clearer feel.
Does good for me have some activity too.

God Bless all.


regards
  • #38,483
  • Jan 31, 2013 4:28am Jan 31, 2013 4:28am
Quoting fti

A complimentary methodology is by complex candle chart formations.
I find the books (in english) on this too elementary.
I used to have an understudy who had a copy of the "secret" readings by rice traders in nihongo.
Unfortunately I've no contact with him for a long time since and my development on that has stalled.
regards
nice thread mr. fti , i'm still at the page 350, a few more thousands to go lol, i am very interested in complex candle chart formation, but most of the infos i found in books and internet are very elementary just like you said, is this 'secret' reading of japanese rice traders is out there in public or it's a closely guarded secret? sounds very alluring
  • #38,484
  • Jan 31, 2013 5:03am Jan 31, 2013 5:03am
German Unemployment Unexpectedly Declined in January

http://www.forexfactory.com/news.php?do=news&id=407713


becautious if short euros.
mixed reactions onthe report.
however for me is signs euro will remain well bid at least until fomc hour.

regards
  • #38,485
  • Jan 31, 2013 5:45am Jan 31, 2013 5:45am
Thx chief
I'm, keen on learning more, two main areas for me are understanding the relation of the three ks and the balance of the overall view (because we don't know all the fundamentals or the way they impact), the current discussion is very good :-),
and two: learning to dance better, is it purely price action (including volatility and rate of change) and candlestick patterns or do you also use S/R and price reaction to these levels. Maybe a chart sometime notated with when you long or short, increase or decrease, (no urgency). I have seen one or two you did early in the thread, they are very helpful :-)
P


Quoting fti
wow, the poem in 7 steps.
you surprised me, you seriously studying.

good.
any thing you like answers to, just ask.

regards
  • #38,486
  • Jan 31, 2013 7:27am Jan 31, 2013 7:27am
Quoting peetee09
Thx chief
I'm, keen on learning more, two main areas for me are understanding the relation of the three ks and the balance of the overall view (because we don't know all the fundamentals or the way they impact), the current discussion is very good :-),
and two: learning to dance better, is it purely price action (including volatility and rate of change) and candlestick patterns or do you also use S/R and price reaction to these levels. Maybe a chart sometime notated with when you long or short, increase or decrease, (no urgency). I have seen...
some things peeps ask is very difficult for me to understand.
the relation of 3 kingdoms is an anology about the relationship of different currencies.
what relationship you asking about? There is no fix relationship otherwise crosses will be fixed.

Fundemental impacts cannot be defined in absolute terms, is the effects based on general expectations and actuals. There is no formulas determine it.

dancing markets is your ability learn stay in the rhythm of the push pull effect that happens in the market. Is a mind process. action and respond thing. The components you named have decision process influences, but again there is no fixed rules. It changes from timeframe, markets, liquidity of underlyings. You need spend enough screen time internalise it.

And i just finished explain about supports and resistences and levels to curt, few posting back.

you seem misunderstand much stuff.
i can only help you get it straight , if and when you are able show what you do and if there is anything i see that may be out of basic , then can i only highlight to you.

What and how i do things had been explained many times on the thread and in many circumstances.
You not seem read carefully?

if have specific questions , tell me what you do, only then can i see if you understand correctly.
please try not ask me rewite the thread.

regards
  • #38,487
  • Edited 7:58am Jan 31, 2013 7:38am | Edited 7:58am
eeer, i just being informed tonight is not fomc night.
is checking source.
why is this happening?

standby for verification please.
oh sharks, there is some cock up in the info streams.
Is confirm tonight is not fomc night.
what a dunce.

No one notice check it out? also?

ai ya this is very dangerous.
bad info streams.
i think i best get some rest before more mistakes.
May be is full moon on me today.

regards

okk i have dealers verification
fomc was held this morning GMT+8
so i was waitinf fomc that had passed this morning.

"20130131 FOMC Leaves Policy Unchanged
The dollar was mostly softer against the majors after Q4 GDP unexpectedly contracted and as the FOMC maintained its rate of asset purchases at $85B per month while noting a pause in economic activity. US labor data was better than expected, however this was offset by downward revisions to the prior month. "

this is very very bad. This is absolutely disasterous, although there was minimal impact.
I seriously must rest.
sorry my friends.

NFP is confirmed will be released tomorrow friday.

regards
  • #38,488
  • Jan 31, 2013 7:48am Jan 31, 2013 7:48am
Quoting fti
eeer, i just being informed tonight is not fomc night.
is checking source.
why is this happening?

standby for verification please.
oh sharks, there is some cock up in the info streams.
Is confirm tonight is not fomc night.
what a dunce.

No one notice check it out? also?

ai ya this is very dangerous.
bad info streams.
i think i best get some rest before more mistakes.
May be is full moon on me today.

regards
Indeed FOMC statement was yesterday with no change only one vote against. Tomorrow is NFP and today is
  • #38,489
  • Edited 8:24am Jan 31, 2013 8:00am | Edited 8:24am
Quoting simpleman
Indeed FOMC statement was yesterday with no change only one vote against. Tomorrow is NFP and today is
thanks for confo.
this is very very bad mistake on my part.
Seems maybe i am only person, listening to what i am saying.
everything else is taken for granted.

ok thanks again. simple
I rest for now.

regards

this is crazy.
is highlighted to me that i was trading the fomc until 6 am my time.
the scary thing is i cannot remember.

is confirmed.
My blotter shows multiple trades into the time zone with profits.
Longs in euro and cable.
something is very wrong with me.
ok i have listen to some tapes .
is true.
So i am suspending all activities until i can determined what is happening.
Sorry my friends.
  • #38,490
  • Jan 31, 2013 8:35am Jan 31, 2013 8:35am
Quoting fti
thanks for confo.
this is very very bad mistake on my part.
Seems maybe i am only person, listening to what i am saying.
everything else is taken for granted.

ok thanks again. simple
I rest for now.

regards

this is crazy.
is highlighted to me that i was trading the fomc until 6 am my time.
the scary thing is i cannot remember.

is confirmed.
My blotter shows multiple trades into the time zone with profits.
Longs in euro and cable.
something is very wrong with me.
ok i have listen to some tapes .
is true.
So i am suspending all activities...
rest well. From what I can see, you have had little sleep in in the last 24 hours and maybe more.
  • #38,491
  • Edited 8:53am Jan 31, 2013 8:36am | Edited 8:53am
plz some one help me to start a thrad where we put chief fti wisdom, so newbies(like me) can read that one first It may be for refrance not live thread.
can be divied in diffrent categories , and each of us extract the knowlade from this thread and post there under orgnised meathod, I vilounter my self searching and reading every possible post of fti, and past there. much needed for refrance

regards.
just live a life, don't be hard.
  • #38,492
  • Jan 31, 2013 9:02am Jan 31, 2013 9:02am
http://www.nobrainertrades.com/wp-co...%20Methods.pdf


http://www.misys.com/media/10347/Tie...se%20study.pdf
just live a life, don't be hard.
  • #38,493
  • Jan 31, 2013 9:07am Jan 31, 2013 9:07am
Hi shaukat113


welcome, but sorry as with anything that is worthwhile and you benefit from, there are no short cuts to learning how to be consistently profitable in forex, this is all about you and the market and unfortunately no one but you knows how to adjust yourself to be able to deal with this, it takes time, practise and patience, treat it as a marathon not a sprint and enjoy the learning curve.


Some have tried to do this before but without reading the thread (at least the first 200 pages a few times) it will not have the right/same meaning to you as it did to whoever compiled it.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #38,494
  • Jan 31, 2013 9:10am Jan 31, 2013 9:10am
Quoting phil13
Hi shaukat113


welcome, but sorry as with anything that is worthwhile and you benefit from, there are no short cuts to learning how to be consistently profitable in forex, this is all about you and the market and unfortunately no one but you knows how to adjust yourself to be able to deal with this, it takes time, practise and patience, treat it as a marathon not a sprint and enjoy the learning curve.


Some have tried to do this before but without reading the thread (at least the first 200 pages a few times) it will not have the right/same...

Gonna have to agree with phil13 on this one.
  • #38,495
  • Jan 31, 2013 12:11pm Jan 31, 2013 12:11pm
Quoting shaukat113
http://www.nobrainertrades.com/wp-co...%20Methods.pdf


http://www.misys.com/media/10347/Tie...se%20study.pdf
you may have read steve's NBT thread on ff, it is good one but again they use stops. attachment is good.
  • #38,496
  • Jan 31, 2013 12:29pm Jan 31, 2013 12:29pm
what is bill gross saying,may be he wants to buy cheap

http://buzz.money.cnn.com/2013/01/31...gross-markets/
  • #38,497
  • Jan 31, 2013 1:02pm Jan 31, 2013 1:02pm
i had thought and doing on longer time frame as well, most of the things fti has told will still apply. On longer time frames
one need more resources and will have to be ready for big moves against you.

On the shorter time frames if you stay close to the price by 10,20, 25 pips when rescuing then on the longer time frames you will have to stay close 40-50 pips.

Shorter time frames will have more winners if you know what you are doing like fti knows.

Longer time frame is more biased trading compared to short time frame where you trade now biased.
  • #38,498
  • Jan 31, 2013 1:05pm Jan 31, 2013 1:05pm
Quoting simpleman
what is bill gross saying,may be he wants to buy cheap

http://buzz.money.cnn.com/2013/01/31...gross-markets/
what he is saying is risk aversion is the best mindset,that means euro is too high and dollar will gain.i dont know i may be reading too much into it as have short euro bias in the very short term and also i have short scouts in the market,may be my perception is seeing what i wanted to see. i really wanted to flow with the market whereever it go.rigidty kills regards
Allah has permitted trade and has forbidden interest [koran]
  • #38,499
  • Jan 31, 2013 1:33pm Jan 31, 2013 1:33pm
Quoting drzakir123
what he is saying is risk aversion is the best mindset,that means euro is too high and dollar will gain.i dont know i may be reading too much into it as have short euro bias in the very short term and also i have short scouts in the market,may be my perception is seeing what i wanted to see. i really wanted to flow with the market whereever it go.rigidty kills regards
yes he meant people are ignoring the risk i.e. inflation/cheap money and just keep moving the market up.

At some point the reality will kick in probably when ECB will start printing press like FED and BOJ, i.e. currencies war.

I shorted at 1.3590 but closed too soon.
  • #38,500
  • Jan 31, 2013 1:49pm Jan 31, 2013 1:49pm
@chief,

out till sunday...


@all
pray for me some imp meeting....i can use some good wishes and prayer....


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