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Technical Analysis Fallacy

  • #44,041
  • Dec 7, 2013 5:21pm Dec 7, 2013 5:21pm
Quoting 4tiger
{quote} is this what he ate? https://www.youtube.com/watch?v=dYfXNvqC024 hmm i understand protoss just fine! even though they are aliens too.. https://www.youtube.com/watch?v=PrnlLIfUr9w protoss vs zerg vs terran? https://www.youtube.com/watch?v=m3mwNMnkkoY
That brought back many memories...........I have not been in that Planetary Time Vortex Sector in many Montags...........
The More You Learn, The More You Earn.....
  • #44,042
  • Dec 7, 2013 5:29pm Dec 7, 2013 5:29pm
Quoting forexalien
{quote} That brought back many memories...........I have not been in that Planetary Time Vortex Sector in many Montags...........
get some alien R&R... just a lil advice!
  • #44,043
  • Dec 8, 2013 9:34am Dec 8, 2013 9:34am
Hi anybody,

Just to make sure what I believe is right, please anybody read this before I hardwire it into my brain. All imput welcome, the more outrages the better, newbees and gurus.

The Counter Impulse Wave:
The Counter Impulse Wave is the most damaging to most traders’ books due to its sudden change in direction and volatility. It requires the trader to make quick decision, usually to cut his losses and square his positions. There is very little time to think due to the unexpected changed in direction of the market which requires implementing new strategy - flipping.

But it is also a great opportunity if caught near the beginning and immediately initiate aggressive attack to ride it.
This is the most profitable strategy in this method of trading because you’ll be riding the trend near the beginning. But if you’re slow and stubborn and waiting to be proven right refusing to cut losses, you could end up with the biggest loss or even margin call.

This is important to me 'cause I find it difficult to cut losses....but if I can mold my mindset to think I am doing it for potentially the greatest ride of my life, then the small loss is well worth it.

Guys, what do you think, right, wrong or need changes?

zz



  • #44,044
  • Dec 8, 2013 10:47am Dec 8, 2013 10:47am
Quoting zoomzoom
Hi anybody, Just to make sure what I believe is right, please anybody read this before I hardwire it into my brain. All imput welcome, the more outrages the better, newbees and gurus. The Counter Impulse Wave: The Counter Impulse Wave is the most damaging to most traders’ books due to its sudden change in direction and volatility. It requires the trader to make quick decision, usually to cut his losses and square his positions. There is very little time to think due to the unexpected changed in direction of the market which requires implementing...
This may be true, but most can not identify it, even if it bites them in the face. Most traders do not look at positioning of MT's all together..............
The More You Learn, The More You Earn.....
  • #44,045
  • Dec 8, 2013 11:01am Dec 8, 2013 11:01am
hi zoomzoom

may i draw your attention to fti's first post and this extract.

What many traders do not know, or may fail to recognise, is that your success in taming the markets, is comprised of a mix of ingredients. Not so unlike in baking cakes.
I suggest three very important ingredients. One is " Market Structure ", the other is "YOU", then Capitalisation. Of course there are many more components, for the moment these seems of dominant importance, in my humble opinion.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #44,046
  • Dec 8, 2013 1:40pm Dec 8, 2013 1:40pm
Market Structure brief Idea......

Inserted Video
The More You Learn, The More You Earn.....
  • #44,047
  • Dec 9, 2013 2:30am Dec 9, 2013 2:30am
Just update i am in resort again.
Cannot fasting.
sexy nurse poking me with needles every few hours.
difficult talk too long, rules here allow lap top access , but very expensive.
so wait i get home , my friends.

meantime enjoy the bobo chacha.

Inserted Video


Inserted Video

regards
  • #44,048
  • Dec 9, 2013 2:34am Dec 9, 2013 2:34am

Quoting fti
Just update i am in resort again. Cannot fasting. sexy nurse poking me with needles every few hours. difficult talk too long, rules here allow lap top access , but very expensive. so wait i get home , my friends. meantime enjoy the bobo chacha. http://www.youtube.com/watch?v=dVv6f7Cykgk regards

Thank you for the recipe.

Good luck with sexy nurse.
All systems of divination, like music itself,work through patterns.
  • #44,049
  • Dec 9, 2013 2:39am Dec 9, 2013 2:39am

Quoting -Michael-
{quote} Hi Sevenskies I think that People very value FTI and his thoughts on things FTI is a heartbit of this thread. Since it is a FOREX forum people search for a holy grail for system. So the new comers that come here and read the last posts see that here is just a chating. and Go on on their search. I agree with TubGuy there is slow times in this thread. I also think that because that FTI dont want people to misunderstand what he presented by puting their charts . BEcause he cant enter into the head of the poeple in order to understand why one...
All systems of divination, like music itself,work through patterns.
  • #44,050
  • Dec 9, 2013 5:10am Dec 9, 2013 5:10am
Quoting kaspopsicle
{quote} Thank you for the recipe. Good luck with sexy nurse.

Inserted Video


regards
  • #44,051
  • Dec 9, 2013 5:31am Dec 9, 2013 5:31am
Quoting fti
Just update i am in resort again. Cannot fasting. sexy nurse poking me with needles every few hours. difficult talk too long, rules here allow lap top access , but very expensive. so wait i get home , my friends. meantime enjoy the bobo chacha. http://www.youtube.com/watch?v=dVv6f7Cykgk http://www.youtube.com/watch?v=yt70qyZN96k regards
Hey Chief, 我很高興看到你上網跟我們打招呼!
我相信大家都很期待你回來...但是你要顧好生體健康,這比較重要!!
等你好了之後這個thread還會在的,您放心
Get well soon!
  • #44,052
  • Dec 9, 2013 8:11am Dec 9, 2013 8:11am
Quoting fti
Just update i am in resort again. Cannot fasting. sexy nurse poking me with needles every few hours. difficult talk too long, rules here allow lap top access , but very expensive. so wait i get home , my friends. meantime enjoy the bobo chacha. http://www.youtube.com/watch?v=dVv6f7Cykgk http://www.youtube.com/watch?v=yt70qyZN96k regards
You sound like you have the same thing I had a few weeks ago, only my stay included scalpel's............and tubes in your nose.................

Get better soon...............Alien
The More You Learn, The More You Earn.....
  • #44,053
  • Dec 9, 2013 8:38am Dec 9, 2013 8:38am
Quoting forexalien
Market Structure brief Idea...... http://www.youtube.com/watch?v=xs9qjS7gRxY
Hi Alien & Phil,

Thanks so very much for the imput. I'll go back and reread the Market Structure. The video from Alien explains it very clearly. I'll keep reviewing Market Structure just to make sure I get it right. Sometimes my mind plays tricks on me and I go off tangent.

Hi Fti,

Don't forget to soak in the sea water at least 15 to 30 mins each time. The minerals (magnesium) in the salt water will relax your muscles, especially the heart.

The Bobo Chacha looks yummy.

zz
  • #44,054
  • Dec 9, 2013 8:46am Dec 9, 2013 8:46am
Quoting fti
Just update i am in resort again. Cannot fasting. sexy nurse poking me with needles every few hours. difficult talk too long, rules here allow lap top access , but very expensive. so wait i get home , my friends. meantime enjoy the bobo chacha. http://www.youtube.com/watch?v=dVv6f7Cykgk http://www.youtube.com/watch?v=yt70qyZN96k regards
Well....if you must get poked...at least it's by a pretty girl.

Stay well. See ya when ya get back.
  • #44,055
  • Dec 10, 2013 3:28am Dec 10, 2013 3:28am
Quoting fti
Just update i am in resort again. Cannot fasting. sexy nurse poking me with needles every few hours. difficult talk too long, rules here allow lap top access , but very expensive. so wait i get home , my friends. meantime enjoy the bobo chacha. http://www.youtube.com/watch?v=dVv6f7Cykgk http://www.youtube.com/watch?v=yt70qyZN96k regards

hi fti

enjoy the scenery my friend , wishing you well

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #44,056
  • Dec 10, 2013 1:58pm Dec 10, 2013 1:58pm
Quoting forexalien
Market Structure brief Idea...... http://www.youtube.com/watch?v=xs9qjS7gRxY
Hi Alien and Phil,

The video on "market structure" has a very simple explanation and some similarity to Fti's explaination of counter impulse wave, quote:

"If it was when we are at rescue mode or attack mode, then a little discomfort is likely, this is the MO. When a counter impulse wave hits, the move are very swift, sharp and directional, normally against our position.

If such was in our position I call it windfall profit and I initiate profitaking procedures to regroup for a strong skew attack later. .

If such was to my detrement, I call it a @#$% position and I take out the last attack size from the market at a loss, and allow the remaining positions to "bleed".

I then would go back to the charts to check if the impulse is "contained" within the scope of the trend. Normally it would have killed the short chart trend and indicated reversal. It would be good to see if this was so , in the hourly charts.

Then I scan through the other short charts up to the hourly to find the point where the impulse is not reversal to continue a level up rescue, if it exist.

Otherwise, if the hourly chart is impacted the next rescue is 1 level up from the last cut loss size and RESCUE IS IN THE DIRECTION OF THE IMPULSE , this means that the open positions are reversed, as the bleeding stops and built into position as the volatility wanes, normally in such instances, the retraces would hardly be 30 % normally 10%. So the reversal is executed in stages swiftly as the bleeding slows and as soon as the next wave is "felt", the rescue "last+1 level up" is pumped into the market to rescue.

Please be aware that this protocol could expose your book up to 30% in the process. therefore do not overstay the rescue. Bring it back to below 10% as soon as the impulse wave slows off , in volitility. Although, the impulse will continue in lesser volitility, it is unwise to carry high exposures, cut back to a smaller spiral , that you may have possibility to mount another attack, if and when it comes, without spiralling the book to oblivion. This is risk management and it is used to supress the "scorpion" ie greed.".... End of quote.

The title itself of the video "market structure" may be a bit confusing, because in Fti's teaching of Market Structure means what it says...is the proper defination.

I would name the video: Trading the counter impulse wave.

I may still be wrong. That few words from Fti for trading the counter impulse wave have taken me years to really understand and hope be able to trade prudently.

More input welcome...for the sake of learning.

regards,

zz
  • #44,057
  • Dec 11, 2013 1:47am Dec 11, 2013 1:47am
Hello Sir.. i'm very lucky to find your thread on FF..
First i would like to humbly thanku for ur effort in helping people like me..
i've just started to read your thread from the start.. so much to cover..
I'm a trader from India.. i'm trading in NSE NIFTY futures since two years.. as every unfortunate novice trader lost my fortune( Close to 7500$ when converted).. struggling with 66% draw down.. stopped trading since..
i will start to trade again after i thoroughly read and assimilate your teachings..
I also have some doubts, (as i trade in stock futures where volumes and open interest are available at EOD) will post them after making some progress in your teachings.. Hope you would'nt mind..

Just wanted to say thank you..

Best Regards..
  • #44,058
  • Dec 11, 2013 6:29am Dec 11, 2013 6:29am
Hi zoomzoom


My friend to me this is my basic understanding of impulse/counter impulse waves, in your previous post it seemed to me as though you were talking about targeting these bigger waves, in my experience it is very hard and frustrating to do this and what is the driving force behind such targeting?? Greed or fear of missing out??, the reason I posted an extract from fti’s opening post was not just to highlight purely ‘market structure’ the other mix of ingredients are just as important, the knowledge of understanding ‘market structure’ is the area (tool) that we can find our many different opportunities within, when a move/pattern starts to emerge and I see an opportunity to trade arise be it with or against the current move, I do not know how big this move will be or even if it will follow through, impulse waves can come out of the blue they are not always the first and biggest move especially during these times of manipulation where these are sometimes reversed very quickly, my understanding is that we should attempt to read the ‘market structure’ during ‘normal market conditions’ (whatever that is these days) and try to get whatever the market is willing to give without any expectations, if we are lucky enough to be on the right side of a big counter impulse move then understand this was a profit of windfall luck (not something you can see and pick out all the time). I use (try to) the ‘market structure’ to find many opportunities within a move, to do this you need to be aware that a move/pulse flows through the time frames and their structure, the market is not confined to our definition of time it will take as long or short a period to complete its move as it wants to, BUT I have found the time frames if used correctly with the understanding of the structure (not an easy task) can give us an idea of how the move is progressing and present further opportunities, it is a very hard thing to try to explain, that is why market experience/screen time is so important, also there is not as much out there about ‘market structure’ to help really understand the opportunities it can present, it may be that because it is not a defined ‘do this here at an a b c thing’ that it is so hard to explain, there is some stuff on how to plot it though (like alien posted) and the rest comes from your own experience I guess.


Trading a possible counter (be it impulse or not) wave (however big or small) is just one way of many to spot an opportunity to trade and to try to take what the market is willing to give within the ‘market structure’. all that is important is the health of your book no matter where the pips come from.


This is just my view from where I am at in my learning curve and I am not the best at explaining things sometimes, so please do not take it as I am telling you ‘ this is how it is done’, it is just what I have found is working for me so far.

Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #44,059
  • Dec 11, 2013 9:57am Dec 11, 2013 9:57am
Hi Phil,

You have help lift the fog in my brain. Thanks for your time to explain. It's amazing a little tweak here and there helps clear things up. Also I find the relationship between time frames and the fractal patterns took me a long time to grasp leave alone trying to explain in writing, and even if I thought I understood, may take time to acquire the skill to trade profitably incoporating position sizing, risk management and overcoming the problem in "you". Like you said "hard and frustrating".

Greed, I have no problem, but the fear of loosing yes. Fear of loosing a small amount of money, but ending up loosing a bigger amount, due reluctant to cut loss. I know Fti has said this many times, and why I believe the counter impulse or impulse wave (big waves) on 5 minutes or latest M15 chart is where I should take the loss or flip my position if my position is against the flow. Like you said how are we to know the wave is going to be an impulse or counter impulse. This is where I will have to dance with the market to feel it's pulse and wait for it to show her hands, and not fall into the traps and get slaughter like pigs/ducks.

Quote from Fti: if information is not organised, then its just heap of rubbish. half truths is even worst, it will be source of distraction.

Many roads lead to Rome, but some are confusing and some are too long.

Regards,

zz
  • #44,060
  • Dec 11, 2013 1:16pm Dec 11, 2013 1:16pm
Quoting zoomzoom
Hi Phil, You have help lift the fog in my brain. Thanks for your time to explain. It's amazing a little tweak here and there helps clear things up. Also I find the relationship between time frames and the fractal patterns took me a long time to grasp leave alone trying to explain in writing, and even if I thought I understood, may take time to acquire the skill to trade profitably incoporating position sizing, risk management and overcoming the problem in "you". Like you said "hard and frustrating". Greed, I have no problem, but the fear...

Hi zoomzoom


I only hope I have helped in a positive way, this is just part of my curve I am also working my way through on my journey, one thing you said at the end of your post about traps/pigs/ducks, again this is just my interpretation of what is written here within this great thread, in my view these are very different animals with very different habitats both in the real world and as far as the market is concerned….

Pigs… get comfortable within their surroundings and eat all the feed that is freely given eventually ending in their being trapped and their demise. The market is forever changing, change with it, Familiarity breeds contempt.

Ducks…get shot down while in flight. The market often displays false flags, never chase a move it may be already over (pump and rest), there is always another trade.

Every battle plan should include an escape strategy, I know you have been at this for a while now as have I, I have found the market structure combined with what else is written here should enable you to devise a plan for most outcomes, (Minimising loses and collecting pips) the hardest part is having the balls to stick to what you see not what your emotions are telling you to do. Money is just another tool.

Good luck


Regards


Phil.
-be careful about what you allow to be put in your mind-
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