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

  • #41
  • May 21, 2013 12:06pm May 21, 2013 12:06pm
Quoting Cobra
{quote} The big marble polisher have arrived.....mr USA. Why don't you just insult me like the previous time!? Remember? You are right buddy you don't owe me any proof.....you owe it to yourself!
I recall perfectly well. You start stuff for no apparent reason and then become very foul when you are challenged.

You may take it as an insult, yet I just did the same as you. I can post some of your verbal abuse if you would like?

I know you will never see my point, although I can grasp a bit of yours.

My point is...you can have your opinion but nobody at the TAF thread owed you any explanation or proof of anything. You need to do it like the rest of us. Read & apply.
  • #42
  • May 21, 2013 12:10pm May 21, 2013 12:10pm
Quoting frz
{quote} hi mr Cobra. 1. i don't like conflict or emotional fluctuation. so i finished here, i considered you win your challenge over me. 2. in fact, i still trying to learn managing my risk. i had something to do with my journal. 3. TAF will still be my handbook reference of my trading. and Fti is the greatest influence of my trading career. i’m not compete to anyone, except myself. so, i don’t care what the others can accomplish. i only care what i could achieve. therefore, i shouldn’t prove anything to anyone because i don’t...
Good choice frz. Stay focused on your mission and ignore the noise and distractions. Manage the ego and stay focused. You don't have to proof...I mean prove...anything.
  • #43
  • May 21, 2013 12:32pm May 21, 2013 12:32pm
Quoting tubguy
{quote} I recall perfectly well. You start stuff for no apparent reason and then become very foul when you are challenged. You may take it as an insult, yet I just did the same as you. I can post some of your verbal abuse if you would like? I know you will never see my point, although I can grasp a bit of yours. My point is...you can have your opinion but nobody at the TAF thread owed you any explanation or proof of anything. You need to do it like the rest of us. Read & apply.
tubguy

I was merely making a statement in that thread about the methods profitibility.
Fti then insulted me. I based my statement on the fact that the thread hasn't produced hard core evidence in any form that his teachings is profitible.

I challenged Fti to come up with some sort of evidence. He then decided to attack me. I was expecting a more diplomatic approach from him as oppose to his swearing. Not the type of person i would like to learn something from. If you teach something and you are questioned about it, you should rather try and answer the question and not swearing at the person who is asking. I am sure you would agree with that.

As for the method. I have really no desire to read or to learn anything from the thread. Fti does not have the credentials of a teacher and his way of getting his message across is very vague.

I did not mean any harm to anybody. I was just challenging his intentions and teachings. Not just for myself but also for others. Unfortunately he did not like me challenging him.

So peace to you and all the guys who belief in his method /teachings. No harm meant.

Cobra
Never Ever Give Up!
  • #44
  • May 21, 2013 12:41pm May 21, 2013 12:41pm
Quoting ukmanthailan
{quote} Don't call me son, you sound like you're just out of nappies. I sincerely hope you're still in your teens or twenties anyway, or you haven't managed to learn much over the years. But sure, I'll be back in four weeks to see how much you have lost.
Ukmanthalian

Son i am 49 years old.
Did my first Fx course when the twin towers got hit in New York.

I joined this forum six years thereafter and are trading fx since.

I have four sons aged 21 to 28.

Challenge accepted my boy. In four weeks time it is......))))))
Never Ever Give Up!
  • #45
  • May 21, 2013 12:49pm May 21, 2013 12:49pm
Quoting Cobra
{quote} tubguy I was merely making a statement in that thread about the methods profitibility. Fti then insulted me. I based my statement on the fact that the thread hasn't produced hard core evidence in any form that his teachings is profitible. I challenged Fti to come up with some sort of evidence. He then decided to attack me. I was expecting a more diplomatic approach from him as oppose to his swearing. Not the type of person i would like to learn something from. If you teach something and you are questioned about it, you should rather try...
No harm no foul.

We all have an opinion.

Good luck.

I appreciate your civility.
  • #46
  • May 21, 2013 1:31pm May 21, 2013 1:31pm
geez i just spent time (any amount of it is shameful) to read 2 and half pages of few guys arguing over unclear gambling technique, if just one of them spent 15 minutes (less than me to read it all) to say what this is all about it could've been soo much worth reading this thread! Proly I should go and read TAF and see what's with that Cobra guy (BTW he might be trading billion live and mess around with demos, if you were trading over 1M would you grant access to some web site ?)
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
  • #47
  • May 21, 2013 1:41pm May 21, 2013 1:41pm
Quoting nomadic123
Hey guys, I was recently reading through a thread and this post grabbed my interest: http://www.forexfactory.com/showthre...13#post6282513 It talks about a money management system explained in the "Technical Analysis Fallacy" thread. I'm interested in learning more. Now you can call me lazy if you want but I don't feel like reading through a few hundred/thousand posts to find out more. Does anyone know more about this money management system? If you know of some good posts or resources that explain it in full could you please...

BTW if you're looking for good MM strategy EuroTraderJD have an interesting project, claims he have more than 1000 greens from it and 3 loses from wrong button errors. He got banned however if you're interested PM me your email and I'll ask him if I can send you his trading strategy (it's all MM on EURUSD)
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
  • #48
  • May 21, 2013 2:17pm May 21, 2013 2:17pm
Quoting Cobra
{quote} So peace to you and all the guys who belief in his method /teachings. No harm meant. Cobra
"believe" instead of "belief"
  • #49
  • May 21, 2013 2:24pm May 21, 2013 2:24pm
Quoting Cobra
{quote} I joined this forum six years thereafter and are trading fx since.
"have been" instead of "are"? And instead of "fx", I think "demo" is more accurate. Ok, enough fun playing with you in my off time. Good trading Cobra, and I hope you move up to a live account sometime. Really, I do. Good trading.
  • #50
  • May 21, 2013 10:12pm May 21, 2013 10:12pm
Quoting Cobra
{quote} Ukmanthalian Son i am 49 years old. Did my first Fx course when the twin towers got hit in New York. I joined this forum six years thereafter and are trading fx since. I have four sons aged 21 to 28. Challenge accepted my boy. In four weeks time it is......))))))
You're a twat. I've also wasted enough time in the monkey cage. Have fun playing at trading.
  • #51
  • May 21, 2013 11:38pm May 21, 2013 11:38pm
Quoting GEfx
{quote} "have been" instead of "are"? And instead of "fx", I think "demo" is more accurate. Ok, enough fun playing with you in my off time. Good trading Cobra, and I hope you move up to a live account sometime. Really, I do. Good trading.
GEfxSmall things bother small minds.......Friend my mother tongue is Afrikaans.In my country most people are bilingual and in many cases they can speak a third language. How about you? Can speak more than one language?Try to display some good manners. I wasn't talking to you nor did i say anything personally to you.You chose to get involved with something which has nothing to do with you. Remind yourself about that before you make comments on something which has nothing to do with you.Peace!C
Never Ever Give Up!
  • #52
  • May 21, 2013 11:46pm May 21, 2013 11:46pm
Quoting ukmanthailan
{quote}You're a twat. I've also wasted enough time in the monkey cage. Have fun playing at trading.
Thank you for calling me a Twat. If it makes you feel good about yourself then so be it.Also do not forget how you got involved with this. Shall i remind you? I wasn't talking about you and neither did i talk to you. You came in from the side and start dishing out blows. Is that how you do things in your country friend?I also sense that you are backing out from your challenge to me. If that is the case , no problem. My trade explorer will not be removed and i will not lose 50% of my account .Here is what i wish for you........ Peace, prosperity and success.Cobra
Never Ever Give Up!
  • #53
  • May 22, 2013 2:23am May 22, 2013 2:23am
Quoting Cobra
{quote} GEfxSmall things bother small minds.......Friend my mother tongue is Afrikaans.In my country most people are bilingual and in many cases they can speak a third language. How about you? Can speak more than one language?Try to display some good manners. I wasn't talking to you nor did i say anything personally to you.You chose to get involved with something which has nothing to do with you. Remind yourself about that before you make comments on something which has nothing to do with you.Peace!C
You are adept at insulting people in English, and have a good grasp of profanity, based on your FF posts. And, someone like you talking about good manners is a joke. Peace back at you!
  • #54
  • May 22, 2013 2:35am May 22, 2013 2:35am
Quoting aiyahmarklah
TAF is not so much about techniques and methods, but rather a framework. Maybe that why so many people are disappointed coz they are looking for the wrong things anyway.
brother...this is truth
  • #55
  • Last Post: Jul 24, 2015 3:48am Jul 24, 2015 3:48am
Hello Nomadic123,
In answer to your question, yes scaling in to and out of a position is perfectly valid....BUT of more validity is ensuring that your bet size is related to BOTH your available Trading Capital AND prevailing Volatility in whatever instrument you are taking a position in. If you do not have a stop/loss point directly associated with each and every entry trade you put on, then you cannot properly calculate the bet size according to your Trading Capital and prevailing Volatility. I didn't read the thread that you alluded to but I believe that you said he did not mention stop/loss points in his MM system. ANY recommendation on MM that does not integrate stop/loss points IS WORTHLESS and is not in fact any kind of MM system at all.
As a simple example of a very workable MM rule:
Suppose you have $10,000 Trading Capital and your strategy indicator rule says buy Eur/$ (for whatever reason). Your 1st question is not how much should I buy? but where is an appropriate stop/loss point for such an entry? To answer this question you need to look at prevailing Volatility of Eur/$. Let us say daily volatility is 5%. To keep this very simple let us assume that means that a 5% price move (up or down) in Eur/$ today could easily be expected as a hi/lo range. So to avoid your long position being stopped you want to be conservative and place your stop/loss at -5% in price move terms from where you have just bought it. [If your buy signal was correct and you haven't bought the top of the mkt for the day, you have given yourself a stop/loss point with a good chance of not being triggered.]
Next question is how much do you want to risk of your Trading Capital? Be conservative and say 1% on any given trade.
So last question is what is my bet size? You take the difference in price between your entry and stop/loss price and calculate the number of contracts you can afford to buy such that if your stop is hit, you will lose 1% of your Trading Capital.
My point about the scaling in is that you would need to do these bet size calculations FOR EVERY trade, whether you consider yourself scaling in or not. EVERY TRADE HAS ITS OWN STOP/LOSS point and you calculate bet size the same way.
Once you have understood this simple systematic MM method, you may want to investigate how your strategy behaves when you place your stop/loss at say 1/2 prevailing Volatility (and double your bet size accordingly.)
Good luck. ps you should eradicate from your lexicon phrases such as "Time better spent elsewhere", when referring to MM. Get yourself a very very very thorough understanding of Volatility and spend 90% of your time on your MM rules. Trading entry signals are the easy bit. Good MM and having the discipline to stick to them EVERY TIME should be what concerns 90% of your trading time in a day. I promise you that if you do this you will be giving yourself the best chance of still having money left to trade in several years time.
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