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Technical Analysis Fallacy

  • #43,621
  • Oct 18, 2013 2:43pm Oct 18, 2013 2:43pm
Fti

Since tuesday there is no reason to open long on eurusd for you ? Being long was a gamble?
  • #43,622
  • Oct 18, 2013 2:48pm Oct 18, 2013 2:48pm
Quoting Redsunfx
Fti Since tuesday there is no reason to open long on eurusd for you ? Being long is a gamble?
so is being short.

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  • #43,623
  • Oct 18, 2013 3:03pm Oct 18, 2013 3:03pm
Fti
I understand im losing my time trading is not my league.....let s drink a beer, and i will just pretend like many here....fti is right up buy, down sell ...... So easy......a bit of bs wave a bit of bs spiral.... Yes i drink to that....
Regards
  • #43,624
  • Oct 18, 2013 3:09pm Oct 18, 2013 3:09pm
Quoting fti
{quote} ah yes. i will informed market. whats subject we doing on monday please? so that i can inform them. then everyone become billionants and we all sit and grow fat. regards
monday? hmmm monday... money day?

no, no set subject for monday. would be too rigid maybe... must focus on the present saturday first.

and I must also focus on next saturday/sunday too, attending trader's conference (work related) in China

any tips on how to mix and mingle??

Quoting phil13
work out your daylight, tolerances and time scales that suit YOU. Strategy 1 Is price going up = BUY Strategy 2 Is price going down = SELL Strategy 3 Is price going against my scouts/entries = DROP EGO AND FLIP Thinking you know something is over rated in this game! Rule 1 Protect book Rule 2 Do not forget rule 1 Rule 3 PROTECT YOUR BOOK! Good night (and weekend) all. regards Phil.
I like your response! I will be like Guy Montag in Fahrenheit 451
  • #43,625
  • Edited 4:18pm Oct 18, 2013 4:01pm | Edited 4:18pm
some have fun, some
you choose.


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  • #43,626
  • Edited Oct 19, 2013 12:40am Oct 18, 2013 9:08pm | Edited Oct 19, 2013 12:40am
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  • #43,627
  • Edited Oct 19, 2013 12:07am Oct 18, 2013 11:21pm | Edited Oct 19, 2013 12:07am
Quoting Redsunfx
Fti I understand im losing my time trading is not my league.....let s drink a beer, and i will just pretend like many here....fti is right up buy, down sell ...... So easy......a bit of bs wave a bit of bs spiral.... Yes i drink to that.... Regards
You sound frustrated. If you're losing money, take some time to think about what you're doing wrong, don't start posting rubbish. It makes you look like you have no manners. Good luck.
  • #43,628
  • Oct 18, 2013 11:36pm Oct 18, 2013 11:36pm
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Time hides Nothing
  • #43,629
  • Oct 19, 2013 2:06am Oct 19, 2013 2:06am
Quoting Redsunfx
Fti I understand im losing my time trading is not my league.....let s drink a beer, and i will just pretend like many here....fti is right up buy, down sell ...... So easy......a bit of bs wave a bit of bs spiral.... Yes i drink to that.... Regards
Redsunfx
You know by what you say your mind will eventual agree with you . It is hard to explain it to you because English not my native English.
Ponder this you aim at medium goal then the max you will get is at medium goal.
You aim high eventual you will find the way there or almost there . When you do something maximum you will do it. but you have 50% chance. If you dont do anything then you have 100% that nothing will happen.
With The time you will see that you cant do it like FTI but with time yiu start to do it your way and some things are click for you.
Remember that no doctor can be doctor after 1 year. Will you give someone to cure you just after 1 year of medicine.
So in trading ants job step buy step.
I cant talk about many here but i can say you that from the beginning of this year i am at positive territory.
I have my bad days and my good days but i manage . I am far away from what FTI doing but i do it somewhat my unique way.
It took me over 4 years on and off trading ( i have a day job) and still there are days that i cant tame my ego but i try and i will.
I had my moments of frustration but never gave up because every time puzzle got together piece by piece.
Dont pretend "like many others" be yourself !!!
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #43,630
  • Edited 2:37am Oct 19, 2013 2:13am | Edited 2:37am
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in rememberence. an exceptional pilot.RIP
http://en.wikipedia.org/wiki/John_Denver
  • #43,631
  • Oct 19, 2013 2:41am Oct 19, 2013 2:41am
Quoting fti
http://www.youtube.com/watch?v=8b3gL7kHpG0 http://www.youtube.com/watch?v=SmNhidh_jdc in rememberence. an exceptional pilot.RIP http://en.wikipedia.org/wiki/John_Denver
He is Singer and Pilot
Interesting
Looks like so far away one of other
Do not be victim to conflict of the General and Commander in you - by FTI
  • #43,632
  • Oct 19, 2013 2:51am Oct 19, 2013 2:51am
Quoting ukmanthailan
{quote} You sound frustrated. If you're losing money, take some time to think about what you're doing wrong, don't start posting rubbish. It makes you look like you have no manners. Good luck.
Hey man im cool.......
I just try to understand How fti read the chart.
  • #43,633
  • Oct 19, 2013 3:20am Oct 19, 2013 3:20am
Quoting -Michael-
{quote} Redsunfx You know by what you say your mind will eventual agree with you . It is hard to explain it to you because English not my native English. Ponder this you aim at medium goal then the max you will get is at medium goal. You aim high eventual you will find the way there or almost there . When you do something maximum you will do it. but you have 50% chance. If you dont do anything then you have 100% that nothing will happen. With The time you will see that you cant do it like FTI but with time yiu start to do it your way and some things...
the frustration is coming from fti answers not the answer itself but the way . Ok i use extension as entry point he don t but it works for me . And few people dare to post chart live , when it comes to trading nothing just blalvlabla

im 50 trading forex since feb 2005 , scalper eurusd, full time trader since jan 2010
so dont talk about positive or not ......its my only income since almost 4 years....... I just try to understand something else than scalping i try to understand trend .and how to read the dance on the graph.....and dont talk to me about ego , to be a successful trader you need ego , if not you dont decide to become a trader.....
To be general or commander it takes a bit of ego , to at least to get the goal to become one..... If not just are a scout Ready to get killed
And before that fti bodyguard break my legs ,i have no ego , i just a scalper , purely mechanic style, waiting for one or two setups a day .....so please.......before to talk , please think....
  • #43,634
  • Oct 19, 2013 3:58am Oct 19, 2013 3:58am
Quoting Redsunfx
{quote} the frustration is coming from fti answers not the answer itself but the way . Ok i use extension as entry point he don t but it works for me . And few people dare to post chart live , when it comes to trading nothing just blalvlabla im 50 trading forex since feb 2005 , scalper eurusd, full time trader since jan 2010 so dont talk about positive or not ......its my only income since almost 4 years....... I just try to understand something else than scalping i try to understand trend .and how to read the dance on the graph.....and dont talk...
Redsunfx
I didn't mean to offend you in any way. If you took it this way then i am sorry maybe i didnt explained myself clear enough
when i talked about ego i talked about myself.
Different people different opinions.
You can be successful in one way of trading but when you learn new one it like start from scratch especialy FTI way when it is no simillar to no others way of trading.
Here a link -Link- and this -Link- (Last part "The fact that most traders are successful in life")
I think that Ego is one of the ingredients in ones life that makes him be some way stuburn even when there is a need to step down and admit mistake. A bit Ego have to present in everybody but just a bit.
All this is my personal view
About life charts that are not in here are because every one do it his way and if someone will post live charts it will be only his view and by no means what FTI presented. FTI very keen to his personal presentation and every deviation from that might be interpreted as his own and people may take it to the wrong places. Thats why i think no post here of Live trading of others.
You can make your own journal to post your fights and poeple from here may visit it and interact with you and discuss but it will be obious that it is your own way.
Here in the thread you can discuss only the basics of what FTI presented.

FTI if i wrote something that is wrong please correct me
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #43,635
  • Oct 19, 2013 4:10am Oct 19, 2013 4:10am
Quoting -Michael-
{quote} Redsunfx I didn't mean to offend you in any way. If you took it this way then i am sorry maybe i didnt explained myself clear enough when i talked about ego i talked about myself. Different people different opinions. You can be successful in one way of trading but when you learn new one it like start from scratch especialy FTI way when it is no simillar to no others way of trading. Here a link -Link- and this -Link-...
Michael

sorry , iwas not talking about you , you are one of the few here , that try to help with concrete links and charts ...... was not thinking about you ....
i really like all of your posts ....
  • #43,636
  • Oct 19, 2013 4:41am Oct 19, 2013 4:41am
Hi Everybody
How is your weekend ?
i thought that for this weekend to repost FTI's post that make an insights
Free Markets -Link-
Terrain Reading -Link-
The situation in the USD -Link-
The situation in the euro zone.-Link-
when prices not reflecting the fundementals -Link-
This a glimpse of the macro picture. -Link-
Note : All this was written at february 2012 so the info in this is related to that date
I think what interesting is a way of interpreting it
enjoy
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #43,637
  • Oct 19, 2013 4:53am Oct 19, 2013 4:53am
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Seems like another take on it...
  • #43,638
  • Oct 19, 2013 4:55am Oct 19, 2013 4:55am
in fact michael , the question i cannot answer is , fti always said "trade with the trend" meaning its the only way to trade successfully .
i m not totally convince, trend follower or counter trend trader , why trend follower is working better

counter trend i agree when there is falling knife or rocket lauch can be dangerous , but with proper MO and MM you can also protect your book .....
trend follower can be also dangerous .... when ranging or trend reversal situation , and im may be wrong but i dont see any advantage being trend follower compare with counter trend .....so please others don't comeback to me saying im a mind fart or something else , but please instead show evidence....

by experience WAVES are not safer than extension fibo , in fact it just a starting point, like waves , all 261% extension are not good to trade, but like waves under certain conditions it works ..... and i ALWAYS mention "SIGN OF WEAKNESS" i never say i open a position in front of falling knife or rocket launch ......

so basically the question is " trend follower" are really safer than " counter trend " if yes please someone explain why and how . for me trading is like a football game , with a middle line between bull and bear , and our job is to guess who got the ball and in which part of the are we ..... did the bear get the ball, and they are playing in the bull territory or the opposite .... for me everyday we are looking at a football match , between bull and bear ... with attack, counter attack, and capitulation phase ....

so trend follower or counter trend i dont see any real advantage being only trend follower except may be a bit of rigidity ....

i m really cool about these issues , im not trying to impose my views , im just challenging the common practice of the thread , not to bother people here , but really trying to understand ....

for me counter trend or trend follower , probabilities of being wrong are the same , if not please explain why .....

cheers
  • #43,639
  • Oct 19, 2013 5:22am Oct 19, 2013 5:22am
RedsunFx
It is a very good question but i dont know the answer
For me i look ad daily chart and try to decide what is daily trend and when i send scouts only with the trend .
Here is link for FTI post about direction Link
It is tricky because in every trend there is a pull backs and if you enter in the direction of the trend but you are in pull back
then the short term is against you. There are times when you need to conduct a rescue.
When we in daily trend come to the previous swing high we cant know if the trend will continue so in cases like that itry to find maybe some hints like maybe positive news or negative news but still i am always ready to make an attak or rescue
It is all small sized and i do it very slowly i mean not in one leg all sequence.
So if there was a pull back and it ended with pinbar or rejection from previous support you may assume direction but still be very nimble and ready to implement atack or rescue.
My rescue i try to do in very short manner just to come to Break even then close and deploy scout again in the direction that i think and still ready to rescue or attack. Small sizes.
I know i didnt answer your question because i cant.
Here some links maybe FTI post clear a little bit for you
Link1 - directionless terrain
Link2
Link3
Link4
Link5

Hope it Helps
Regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #43,640
  • Oct 19, 2013 6:02am Oct 19, 2013 6:02am
My 2 cents analysis

trend trading from 1995 to mid 2008 was the right way to trade , with only 2 trend change in 13 years .....
but since mid 2008 its a completly different ball game .... look at he chart below (monthly chart)

since mid 2008 trend .... which trend ... ?
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