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Technical Analysis Fallacy

  • #39,501
  • Mar 31, 2013 12:20pm Mar 31, 2013 12:20pm
Quoting zoomzoom
Hi FTI, That's the spirit. Come out fighting again. You're not dead until they bury you 6' underground. "The worst thing you can do is sitting at home and waiting for death." quote from a selfhelp book. Your body can be dead, but is your mind dead? If so, if you have one good finger, you could still trade. I just met an old accountant who almost died of heart attack twice after he retired. When his children went to see him in hospital, they told him never to stop work again. He is our accountant today, and living a productive life. regards,...
i see.
makes much sense.
thanks.
if they still speaking to me, then i not dead.
the unproductivity of waiting for it, seems futile.
i got to start thinking.
thanks , zoom.

regards
  • #39,502
  • Mar 31, 2013 12:25pm Mar 31, 2013 12:25pm
Quoting tubguy
We all let egor in at times my friend. (where is Leigh's whip?) Looks like your mindset is coming around already! Sounds like the right attitude to me. I should probly get a bit more of that attitude myself. Just keep on keepin on! Egor can't win unless you let him. Now go have another beer and a smoke and tell egor to kick rocks! My dad is 72. Smokes like a train and drinks 4-5 beers every day. I tell him all the time, "just do what you enjoy. Any damage is already done" He just keeps going. I know his health isn't great but he doesn't let it...
now there, thats a tough man.

1 beer is enough, already hearingpitching ring in my ear.
i going sleep now.
to morrow i nned regroup my thoughts and see what i can do from here on.

thanks, and if you get chance, tell your Dad i think he is one tough man.
You have good mentor, no waste it.

Good nite, i think my body is complaining already.

regards
  • #39,503
  • Mar 31, 2013 3:26pm Mar 31, 2013 3:26pm
Hi Fti,

Hope you're well rested and wake up to a bright and beautiful day.

I'm just wondering, on the MT4 platform, at the bottom of the screen there is balance, equity, margin used, free margin and margin level. I'm experimenting with initial 40% of balance for margin used and margin level 250%. As trading progresses, I watch the margin level and not allow margin level to drop below 250%, else I'll reduce exposure because equity is decreasing due losses. If winning, I'll scale in more trades as equity increases (trades are profitable). Why I always have to monitor margin level... Oanda "Insufficient Fund" triggers at margin level of 150% and "margin call" at 100%. My numbers may not be correct. Anybody else using margin level as a quide to prevent over exposure?

regards,

zz
  • #39,504
  • Mar 31, 2013 3:40pm Mar 31, 2013 3:40pm
Hi fti


Its not over till the fat lady sings etc....


what is it that you tell us.... recognising what is wrong is the first step to putting it right.


The continual learning curve of life my friend.


Good nite.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #39,505
  • Edited Apr 1, 2013 11:12am Mar 31, 2013 6:59pm | Edited Apr 1, 2013 11:12am
Quoting fti
I got to get out of this mindset. get on and on. so what my sight impaired.so what i cannot stress. moves slow. but i still can move. all crazy cranky self deception. I can , and i will move on and on until it comes , then i rest , like all of them. I am not only one dying, everyone is. so what so dang special about me. only weak mindset. I got to get out of the land of the dying and start living. If it kills me, so it kills me, big deal. nEXT TIME I WILLOW IN SELF PITY , WILL SOMEONE PLEASE KICK MY ASS TO MOVE AHEAD AGAIN. tHIS NOT THE RIGHT WAY...
hi Fti

i just want to drop my favorite line which i've reading it over and over recently.
maybe you had read it too in a long time ago.
i hope you get your enormous spirit back and live the fullest life.


from Go rin no sho (Book of the five rings - Mijamoto Musashi):
In your spiritual bearing must not be any different from normal.
Both in fighting and in everyday life you should be determined though calm.
Meet the situation without tenseness yet not recklessly,
your spirit settled yet unbiased.

Even when your spirit is calm do not let your body relax,
and when your body is relaxed do not let your spirit slacken.
Do not let your spirit be influenced by your body,
or your body be influenced by your spirit.
Be neither insufficiently spirited nor over spirited.
An elevated spirit is weak and a low spirit is weak.
Do not let the enemy see your spirit.

Small people must be completely familiar with the spirit of large people,
and large people must be familiar with the spirit of small people.
Whatever your size, do not be misled by the reactions of your own body.
With your spirit open and unconstricted, look at things from a high point of view.
You must cultivate your wisdom and spirit.
When you cannot be deceived by men you will have realised the wisdom of strategy.


Regards


p.s: wow, i've losing my mind posting such text to shifu.
it was very indelicate. i don't know. my apologies. i did it, as a friend.
steady as she goes
  • #39,506
  • Mar 31, 2013 7:26pm Mar 31, 2013 7:26pm
Quoting fti
how's the going. helping lots charitys? had always been telling. It has to become YOU. then YOU becomes the real deal. it has to become YOU , then the real you surfaces. I think i will have a beer today. ooops, fermented barley water. Just 1 small one. Dad reminded me. Is a long long waiting.: ) bad mindset. big mistake. Believed what they put in my mind. One day will be correct. Just not yet. regards

the going is getting tougher now a days... but never been better chief. and yes helping few friends and feeling so happy knowing now that they are all good dancers and working hard to be consistent- every day is a challenge and always learning. a fine example of your unselfish guidance

regards,

p.s. i have my favorite charity (local in melbourne) and did a good share last friday - ' good friday appeal' a cause for royal children hospital. you're my inspiration chief - God bless!
Success consists of going from failure to failure without loss of enthusiam
  • #39,507
  • Mar 31, 2013 8:31pm Mar 31, 2013 8:31pm
Quoting dongsky
the going is getting tougher now a days... but never been better chief. and yes helping few friends and feeling so happy knowing now that they are all good dancers and working hard to be consistent- every day is a challenge and always learning. a fine example of your unselfish guidance regards, p.s. i have my favorite charity (local in melbourne) and did a good share last friday - ' good friday appeal' a cause for royal children hospital. you're my inspiration chief - God bless!

Hi Donsky,

You're one good man. God bless you.

regards

zz
  • #39,508
  • Apr 1, 2013 5:01am Apr 1, 2013 5:01am
Quoting fti
nEXT TIME I WILLOW IN SELF PITY , WILL SOMEONE PLEASE KICK MY ASS TO MOVE AHEAD AGAIN. tHIS NOT THE RIGHT WAY TO DIE. AND IS THE WORST WAY TO LIVE. THIS NOT LIVING. my friends. Ai ya how did i become like this. regards
This may have been posted here before but here is an inspirational video. BTW, you are more mobile than he used to be so no excuses. Maybe I will get myself in trouble, but please forget about the sticks.

Thank you for all of the important lessons you have repeated and the latest one about memory is another jewel! Cheers my friend!

Inserted Video
  • #39,509
  • Apr 1, 2013 5:02am Apr 1, 2013 5:02am
Quoting dongsky
the going is getting tougher now a days... but never been better chief. and yes helping few friends and feeling so happy knowing now that they are all good dancers and working hard to be consistent- every day is a challenge and always learning. a fine example of your unselfish guidance regards, p.s. i have my favorite charity (local in melbourne) and did a good share last friday - ' good friday appeal' a cause for royal children hospital. you're my inspiration chief - God bless!
God bless your heart.

ok today i have chance do something.
i preparing to go attend my uncle's wake
he suddenly kicked the bucket today.
Will be out until i come back.

regards
  • #39,510
  • Apr 1, 2013 6:04am Apr 1, 2013 6:04am
Quoting fti
God bless your heart. ok today i have chance do something. i preparing to go attend my uncle's wake he suddenly kicked the bucket today. Will be out until i come back. regards
Thank you very much!!!


And my sincerest condolences to you and your family.

Wishing you best health and peaceful self.

kindest regards,
Success consists of going from failure to failure without loss of enthusiam
  • #39,511
  • Apr 1, 2013 3:18pm Apr 1, 2013 3:18pm
Quoting kinky
Strong vs medium. Medium vs weak. Weak vs strong!
OK, and continue?
  • #39,512
  • Apr 1, 2013 3:52pm Apr 1, 2013 3:52pm
Quoting fti
cheers my friend . wow cool long gulps. You know mike, i don't know how. but i have become so dang weak. even dad not want speak to me, the golden spoon fed kids. Those that passed before us. they fight, one step at a time. even i know it. can't know what's ahead. 1 step at a time. but here i am sitting waiting to expire. what a weak spirit. peeps fight till their last breath, then is time. here i wait because some one told me, "prepare you not going to make it." and i buy in hook line and sinker. talk about weak mindset. They all lie there,...
hi "old man" old age is a myth
aiming Kim's game to the fti person, then there is a change ...
mind can not change the mind.

I hope I annoy you, that good impuls ... and not sweet words of regret, that is way to the hell
rgs
  • #39,513
  • Apr 1, 2013 8:10pm Apr 1, 2013 8:10pm
Quoting dongsky
Thank you very much!!! And my sincerest condolences to you and your family. Wishing you best health and peaceful self. kindest regards,
thank you for your kind words.

Is uncanny, i seem only one in family able survive heart attacks.
So now is abosolutely confirmed is in the genes.

I need shave today, will be going out again later.
everyone thinks i look horrible with to much hair.
Is shameful, so many youngsters helping me move around.
now i best rest , as i need lots energy for the events.

regards
  • #39,514
  • Apr 1, 2013 8:12pm Apr 1, 2013 8:12pm
Quoting Gro
hi "old man" old age is a myth aiming Kim's game to the fti person, then there is a change ... mind can not change the mind. I hope I annoy you, that good impuls ... and not sweet words of regret, that is way to the hell rgs
annoyed?
no energy for that this week.
try again another time.

In 1st place i told you is easier communicate with me with pictures.
Cannot understand much from your posting.
Only thing i think i understand is that you found way to hell?
Thats easy stuff.

Now i must rest for tonight's activity
8 year old kids helping me me walk around. I am so weak.


regards
  • #39,515
  • Edited Apr 2, 2013 9:02am Apr 1, 2013 8:45pm | Edited Apr 2, 2013 9:02am
Great Thread!! I jus discovered this last weekend and cannot stop reading! i'm on 138 page. Thanks to FTI for
sharing your invaluable experienced to all traders all over the world for Free!!

I want to incorporate your rescue method to my existing trading approach which i am reasonably comportable.
I had my own attack mode on my style using PA with heiken-ashi and i have mastered to cut my wrong entry very quickly, when this happens i detached
myself out from the market.....My account is exclusively aggressive for intra-day trading with 30-40% risk and a standby two reserved account(cash) if the
30% risk is in trouble...I believed that you need enough capitalization to win on this battle and never scared of the outcome of your battle.
My approach is very simple: Extreme patience,discipline,consistently execute my trading plan which involve not to enter when there is no running
trend and avoid flat unpredictable trend.

Btw, singapore is a very nice place to visit.
Thanks!
R.
  • #39,516
  • Edited 1:12pm Apr 2, 2013 12:53pm | Edited 1:12pm
Quoting 9nine
Great Thread!! I jus discovered this last weekend and cannot stop reading! i'm on 138 page. Thanks to FTI for sharing your invaluable experienced to all traders all over the world for Free!! I want to incorporate your rescue method to my existing trading approach which i am reasonably comportable. I had my own attack mode on my style using PA with heiken-ashi and i have mastered to cut my wrong entry very quickly, when this happens i detached myself out from the market.....My account is exclusively aggressive for intra-day trading with 30-40%...
welcome to the thread.
i am back already, is so nice meet decade not seen relatives, close and afar.
much affections and love still weathered time.

Thank you for your kind words.
i see you have some experience trading. also have chartist skills and your own performance fitted curve and mm.

i do not personally have used the smoothing effects of heiken-ashi candles, as i prefer read raw info from basic candles, as i feel no advantage in smoothen lags.
This because of nimbleness developed over time of ability to recognise general possible volitility reads. Moreover have robust enough mm to restrategise to meet necessary re adjustments mostly, when necessary.

There is always an unpredictability element in market place, so i try best to my ability adjust to that in real time than dependant on smoothing to cut away noise.
Maybe over time we can learn from each other ways of best practises.

For now i am still very convinced of my ability to meet the changing forms that the markets can throw at me.
Maybe if in discussions you can convince me of the advantages of smoothing effects.

Again, welcome to the thread.

regards

Oh also althought the thread is free by coutesy of adverts and kindness of ff.
Its not really all free.
In the learning process, and the upward learning curve, i asking for the ultimate.
A llifestyle of kindness and utmost abilities manifested in the human practitioners.
is taking life to differnt planes of living.
So is asking for the ultimate, your lifestyle.

The mm strategies discussed also requires one abandon dreams of get rich quick mo.
rescues are double edge swords and one must have the robustness in human spirit and inner peace to execute efficiently.
so one must experiment to see its impact on oneself. there is no 1 formulae to fit everyone.
only a guide of minimum and maximum threshold, but much depends on the individuals pain and comfort threshold.
That one is able safely maximise the effectiveness of the VAR at one's book and pain threshold.
  • #39,517
  • Edited 1:42pm Apr 2, 2013 1:26pm | Edited 1:42pm
I noted things in cyprus is hitting the wall.

Is fool hardy , more like desperation gallop inflation close to 20% via taxation.
This going have sudden contraction impacts on the economy. Not withstanding multiplier effects.

Although may cut away some inefficiency and bring spending to a "think twice" on non essencial expenditure.
If the multiplier effects spirals in to a deflate by hyper inflation, then may see ugly implications.
Lets see how they planning manage it. I feel medicine may be too strong. or maybe they in desperation already.

Seems peeps like impliment shock treatment these days. Either recovers or dies.
A question of honour again after greese.


regards

and i just heard their MOF head quited. Ya suspect he seeing same pic ahead.
Lets see if cyprus can survive E&A , going into imf ICU mode.
everytime i see imf mode , the hair at the back of neck tends stand in cold sweat.

maybe soon may invent imf indicators for trading?
  • #39,518
  • Apr 2, 2013 1:49pm Apr 2, 2013 1:49pm
Quoting fti
annoyed? no energy for that this week. try again another time. In 1st place i told you is easier communicate with me with pictures. Cannot understand much from your posting. Only thing i think i understand is that you found way to hell? Thats easy stuff. Now i must rest for tonight's activity 8 year old kids helping me me walk around. I am so weak. regards
it's even worse than I thought ...
  • #39,519
  • Apr 2, 2013 1:50pm Apr 2, 2013 1:50pm
latest i hearing is about russian depos impact.
seems british is protected by insurance.
this is going get very intersting.
  • #39,520
  • Apr 2, 2013 2:01pm Apr 2, 2013 2:01pm
Quoting fti
latest i hearing is about russian depos impact. seems british is protected by insurance. this is going get very intersting.
Cyprus and N W O
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