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Technical Analysis Fallacy

  • #42,181
  • Aug 17, 2013 3:06am Aug 17, 2013 3:06am
500 miles!!!!!
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don't predict direction, but dance with flow of water
  • #42,182
  • Aug 17, 2013 6:05am Aug 17, 2013 6:05am
It is me Again
Something To read
Link To the post of FTI That links to another Thread of Darkstar
Called "The Structure of Forex Brokers "
That might be a good read for everybody who is in this game
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #42,183
  • Aug 17, 2013 7:25am Aug 17, 2013 7:25am
Quoting priceaction1
https://www.youtube.com/watch?v=bv_c...FD41140C68506C
nice sleep, just woke up.

oh thanks.

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regards
  • #42,184
  • Aug 17, 2013 8:07am Aug 17, 2013 8:07am
Quoting fti
{quote} nice sleep, just woke up. oh thanks. http://www.youtube.com/watch?v=3h_0jF_teMI regards
@1.24 she says some thing like "mathi" I love MATHI lol ( only for urdu/punjabi hundi speaking can understand it)
don't predict direction, but dance with flow of water
  • #42,185
  • Aug 17, 2013 8:25am Aug 17, 2013 8:25am
sir what is your view about BOJ . at what level it will try to stop uj for further drop.
don't predict direction, but dance with flow of water
  • #42,186
  • Aug 17, 2013 12:53pm Aug 17, 2013 12:53pm
I love this thread. Its a gold mine.
Learning a lot.
Lots of doubts got cleared. Lots of my questions got answered.
It provided me a new view towards trading and towards life as whole.

Thank you very much FTI for sharing your great experience and mentoring.
  • #42,187
  • Aug 17, 2013 4:39pm Aug 17, 2013 4:39pm
Great thread ,,,

I wish I founded it 5 years ago …..

Thank you all …..
  • #42,188
  • Edited 5:57pm Aug 17, 2013 5:40pm | Edited 5:57pm
Quoting priceaction1
sir what is your view about BOJ . at what level it will try to stop uj for further drop.
nothing. i not in it.

I only know from wire reports they very seriously unhappy about the strength of the yen that has made many of japan's industry uncompetitive.
I remember last reseach releases citing 90/usd as necessary keep competitive above cost.

May i offer you a little advice.
It is thoughts like this that endangers traders.
Is better keep ear on wire listen for events than create stuff in head create bias.
Then trader become braindead , and lose all nimbleness in markets.

How would i know of things that not happened yet?
At what level they will intervene or if they will step in at all is depends on them.
tell me, next week will you be long or short usd?
i am not you, so i won't know.

mindset.

If they come into markets buying usd against yen, and usd/yen chart spikes up, and they announce to market that they bought usd then they in.
until then you can only trade market and wait. And maybe it won't even happen.

So you long usd/yen? or thinking buying lots usd/yen on monday?
is very telling.

regards
  • #42,189
  • Aug 17, 2013 8:05pm Aug 17, 2013 8:05pm
Quoting dongsky
A very interesting read http://www.lewrockwell.com/2013/08/r...sh-just-ahead/ Hi Chief, i'm still around though not in correct mindset after a big drawdown. taking sometime to rest and nurse some bruised ego I will be flying back to Malaysia next week - will be away from trading for awhile but i will be checking TAF every now and then. regards
yes when mind is off track.
good to take a vacation from trades and get back to basics.

I sort of detected your thinking begining to become bias a while back.
try shake off the rigidity. take a break, smell the roses is good.

regards
  • #42,190
  • Edited 8:31pm Aug 17, 2013 8:12pm | Edited 8:31pm
Quoting appleboy
Dear Sir, Some seemingly super basic terminology questions if i may seek your indulgence. 1. May i ask what does it mean when you say that the Euro (or any currency pair for that matter) is very bid ? Taking reference from the bid / ask(offers) spread, Does it mean that there is downward pressure on the Euro/Usd ? Conversely, if there is a comment that there are many offers for the Euro, does it mean there is upward pressure on the Euro/Usd ? 2. I have also heard traders say "hit the bid" , would that mean that they are selling the Euro/Usd ?...

sorry,for reply late.
i sort of missed this questions of yours while getting all excited trying to show someone the folly of rigidity.

1. offered markets means much sellers detected at offer prices or just above it.
is just hints of possible selling pressure.
The happening still need these sellers,( offers) gets aggressive before any thing happens.

This is true also if markets bid. means many buyers seen, watch for aggression.

2. "hit the bid"is aggression.
if yu trading Euro$ yes.

regards

all these instructions terminology evolved from business dealings.
markets is a business,
every one is bargaining for some pips better to sell and some pips cheaper to buy.
only novice hits the bid/offers. otherwise must have reasons act so aggessively.

In my world i only bother bargain in pips trying not get caught in 50 -100 pips vacuums.
no care much about piptits. thats for suckers.

regards

PS: remember always when cutting losses, must act aggressively. Otherwise is a dance.
  • #42,191
  • Aug 17, 2013 8:38pm Aug 17, 2013 8:38pm
Quoting knightpips
Great thread ,,, I wish I founded it 5 years ago ….. Thank you all …..

Well since you are here, make the best of it.
If can only turn back time. Even she wished.

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regards
  • #42,192
  • Aug 17, 2013 8:59pm Aug 17, 2013 8:59pm
Quoting Redsunfx
FTI What is the meaning of FTI ? First Trend Impulse ?
is derived from my name, and is my callsign for decades already.
whats in a name?
a rose by any name is still a rose. vice versa.

regards
  • #42,193
  • Edited 10:18pm Aug 17, 2013 9:24pm | Edited 10:18pm
anyone knows whats a stradivarius"Strad"?

nice.

coming up....million $ stuff

" when worlds collides. same stuff different stretch.

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regards

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  • #42,194
  • Aug 18, 2013 1:53am Aug 18, 2013 1:53am
Quoting fti
{quote} nothing. i not in it. I only know from wire reports they very seriously unhappy about the strength of the yen that has made many of japan's industry uncompetitive. I remember last reseach releases citing 90/usd as necessary keep competitive above cost. May i offer you a little advice. It is thoughts like this that endangers traders. Is better keep ear on wire listen for events than create stuff in head create bias. Then trader become braindead , and lose all nimbleness in markets. How would i know of things that not happened yet? At what...
oh I was out of track. weak up call thanks. I don't know what will the next move so I have to dance with "now" data.
best regards.
don't predict direction, but dance with flow of water
  • #42,195
  • Aug 18, 2013 2:10am Aug 18, 2013 2:10am
Quoting fti
{quote} sorry,for reply late. i sort of missed this questions of yours while getting all excited trying to show someone the folly of rigidity. 1. offered markets means much sellers detected at offer prices or just above it. is just hints of possible selling pressure. The happening still need these sellers,( offers) gets aggressive before any thing happens. This is true also if markets bid. means many buyers seen, watch for aggression. 2. "hit the bid"is aggression. if yu trading Euro$ yes. regards all these instructions terminology evolved from...
Hi FTI;

Thank you again this explainations. For vacuum how you tell it or tell-tale sign. Very appreciate all your lessons.

Also is your vacuum mentioned same as below.


vacuum A buy vacuum occurs when the strong bears believe that the price will

soon be higher so they wait to short until it reaches some magnet above the market.

The result is that there is a vacuum that sucks the market quickly up to the

magnet in the form of one or more bull trend bars. Once there, the strong bears

sell aggressively and turn the market down. A sell vacuum occurs when the strong

bulls believe that the market will soon be lower so they wait to buy until it falls

to some magnet below the market. The result is that there is a vacuum that sucks

the market down quickly to the magnet in the form of one or more bear trend bars.

Once there, strong bulls buy aggressively and turn the market back up.
  • #42,196
  • Aug 18, 2013 3:17am Aug 18, 2013 3:17am
Quoting fti
{quote} nothing. i not in it. I only know from wire reports they very seriously unhappy about the strength of the yen that has made many of japan's industry uncompetitive. I remember last reseach releases citing 90/usd as necessary keep competitive above cost. May i offer you a little advice. It is thoughts like this that endangers traders. Is better keep ear on wire listen for events than create stuff in head create bias. Then trader become braindead , and lose all nimbleness in markets. How would i know of things that not happened yet? At what...

How would i know of things that not happened yet?

At what level they will intervene or if they will step in at all is depends on them.

tell me, next week will you be long or short usd?

i am not you, so i won't know.

if there is something you should keep secret,simply just save it,, so, just
  • #42,197
  • Aug 18, 2013 6:32pm Aug 18, 2013 6:32pm
Quoting doddy
{quote} Hi FTI; Thank you again this explainations. For vacuum how you tell it or tell-tale sign.
has suction? things jerks?
cannot feel?

regards
  • #42,198
  • Edited 6:49pm Aug 18, 2013 6:34pm | Edited 6:49pm
七跡詩

煮豆持作羹
漉菽以為汁
萁在釜下燃
豆在釜中泣
本自同根生
相煎何太急
  • #42,199
  • Aug 18, 2013 6:54pm Aug 18, 2013 6:54pm
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  • #42,200
  • Aug 18, 2013 7:18pm Aug 18, 2013 7:18pm
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